Just visiting this forum on a whim. I've been away for quite some time.It also appears this thread is stale, but here are my two cents... I took 1-5 almost 17 years ago, followed by advanced soon after. As others before me, I did the cheap retakes a few times as well. Eventually made it to RTP circa 2008 and online DE soon after. Some things started making sense just before RTP, confirmed lateby NCTrader - Trading Discussion
I have been away for quite awhile and just poking my head into the old forum. So sorry to hear about your SO!by NCTrader - Trading Discussion
Very late to the discussion but Fib numbers have been used by traders for years due the golden ratio of 1.618. I did a whole research thing back in the day when I first learned GW's system. That ratio appears in nature too many times to be overlooked, hence the term "God" or "Creator" ratio. Traders will do anything for an edge so I guess someone figured out how to leverage iby NCTrader - Trading Discussion
Late to the conversation but will underscore what ncptech said. There are no CDs, just live classes and some optional webinars to supplement the classes after you complete said class. Format is better as you have a defined set of rules starting in Survival 1. None of the Karate Kid "Wax On/Was Off" way of teaching. You are to do A.. B.. C.. 1.. 2.. 3.. and nothing else. Learn to foby NCTrader - Trading Discussion
P.S. Don't get too caught up in patterns by ignoring what the charts are telling you. Do your own research to validate the patterns in your gut. You have to be able to trust the research. Then use the pattern research when the charts tell you to. Most folks filter the charts through the lens of research which distorts the true picture. Do the research, know the patterns, rely on the charts alby NCTrader - Trading Discussion
+1 on Trader's Almanac. I purchased a new one every year for the first 5 or 6 years when I started and briefly subscribed to their site. Always filtering the info through the lens of GW's calendar. One little nugget. You will gain great insight into various historical patterns. Look for pattern confluence. Example: X might be the best overall week of the month to trade and Y is the best monby NCTrader - Trading Discussion
You may have this already sorted out by now, Pastor P, but here are my thoughts. I always start with application requirements. Back in the day QCahrts was resource intensive HOG if watching 100+ symbols plus markets and sector indexes. At that time I bought as much computer as I could afford and minimum 16GB of RAM. At that time I believe I had 3 -19" monitors. Tradestation can be resourcby NCTrader - Trading Discussion
Technically I could answer your question as the NDA many of us signed covering FP/HRFP methodology has expired. There is a newer method that extends FP/HRFP called SLI. Very similar but there are some slight, subjective tweaks. The NDAs signed for the SLI changes plus time, effort and cost of learning prevents me from providing details. I'm sure someone will be glad to throw it out there butby NCTrader - Trading Discussion
Just had a chance to look in my files. I was right the first time. The course was titled "TraderDoc's Trend Master Series" by Dr. Charles Schaap. The course is apparently out of print. A quick google search provided a few hits containing posts by him and his wife Candy. As you can see, being able to read price is first and foremost on their list. . The last one wasby NCTrader - Trading Discussion
Sorry Oscar but no can do. First, many of us in the forum attended trading classes from the same instructor. Part of the course is providing the indicator settings, rules, etc. and how to put it all together. We all signed an NDA which also includes indicator settings. I intentionally provided w/out the settings so that folks could use whatever they wanted. Those they know the GW system alreaby NCTrader - Trading Discussion
Okay, apparently got the name wrong and it appears he no longer offers the video tutorial on how to read price (or I can't find it). The guy's name is Dr. Charles Schaap. He has two sites: 1.)tradelikeapro.com and 2.)stockmarketstore.com. He is a known for trading but also for writing the best book on the market covering ADX Indicator. He has an entire system designed around the ADX and pricby NCTrader - Trading Discussion
All, Just FYI.. I've had probably 8 to 10 folks reach out regarding changes to TradeStation platform over the past few months. Several have had indicators I wrote and shared in this forum a few years back break.to the point of no longer working. Unfortunately I don't have any suggestions. TS is my 2nd backup. I like to test and tryout new things occasionally but haven't really messed withby NCTrader - Trading Discussion
I would suggest sticking with candlestick but it's up to you. It's not as much about the chart as being able to read the chart. The # 1 place most beginners get it wrong is taking "Higher Highs/Lower Lows" literally by looking at two candles and saying "yep, they have higher highs and higher lows so it must be in an up trend.". Typically you will not have confirmation untilby NCTrader - Trading Discussion
@djp18 Quick answer to your question is no, I did not buy puts which means I cannot provide details your looking for to support the new style of trading. The longer answer is that due to circumstances outside my control, I was forced to make a decision in early 2016 to make a complete career change. That decision forced me to pull back back from a lot of active trading the first year and basicby NCTrader - Trading Discussion
+1 for Dan's answer on implied volatility. It's been 5 years or so since I did any non-Gary trading but I did quite a bit of testing/trading strategies that relied on inflated IV. One of these strategies was playing IV deflation immediately following earnings. I'm over simplifying but you basically sell near term calls or puts a day or two before earnings a few strikes OTM and then buy back aftby NCTrader - Trading Discussion
There are some folks in this form that can help you on the E. Be advised that name comes from this forum - Google search won't help you. If you want to research on your own, research triple moving average cross over. Some folks that visit here have found a way to use it successfully in their trading. Note: it's not the holy grail or a stand alone indicator. Just one piece of technical informby NCTrader - Trading Discussion
One final thought. Dr. Alexander Elder teaches the triple screen using Weekly / Daily / 60 minute. While typing my response and thinking how I would approach smaller time frames, I was thinking Daily / 60 min / 30 min or 4 hour / 60 min / 30 min. I said a factor of 2 but that implies you know what charts I'm using (trend is 2 time frames above trading based on my charts). The technique taughtby NCTrader - Trading Discussion
First, I don't trade micro moves on shorter charts so I wouldn't head into any day assuming I was going to make a trade. I only use bigger charts with expectations of moves lasting 4 to 10 days; comfortably knowing I might go a week or two certain times per year w/out forcing a trade. That said, if I were to trade micro charts then I would follow the exact same strategy I use for bigger charts.by NCTrader - Trading Discussion
A well structured Excel sheet works pretty well if you have Excel. Don't under estimate pivot tables, pivot charts, and basic charting. Personally I like rolling up my sleeve and getting into the data.by NCTrader - Trading Discussion
Great to see you back, Darcy! I love the " You do not need every study known to man..." One point of clarification regarding the 100+ stock. I think a lot of people, my self included, originally took this out of context when we first heard about it. The point is that some of the original 1-5 students got so focused on "expert stocks" that moved absolutely nowhere thaby NCTrader - Trading Discussion
@manin, As you start the Survival process, none of this really matters. It all starts with "do I have a big chart trade". If you do then having a trend is the cherry on top. It provides more confidence. You will eventually learn how to use the trends to your advantage but trends come, trends go, and there are years when they don't do as expected. You should still be able to succeby NCTrader - Trading Discussion
Sorry, just went back to re-read the post. If I could make one recommendation, bust your butt to get as good as you can with S1 info between now and later this summer. Then you will be ready to start layering in the S2 stuff.by NCTrader - Trading Discussion
@manin, You have been provided some really solid advice. Too bad this forum doesn't allow upvotes for the answers given. One thing I would like to add. Once you learn to do this Gary's way, you shouldn't worry about making a decision based on big charts the night before and entering at 9:31 the next morning, regardless of the futures. Part of the original 1-5 work was to teach you that if youby NCTrader - Trading Discussion
@Taz... Trading for a Living is good background info but if you are looking for something that resembles his, Elder's system, get Come Into My Trading Room. I believe there is a study guide that goes along with it. If memory serves me correctly, triple screen is touched on in depth in this book although it's been 12 years since I read it. If you are not going to take GW's course, I STRONGLY reby NCTrader - Trading Discussion
Hopefully it will help over time. There still is validity in the $4 min thought process. You can pull up a $25 stock, look at the chart,and it appears to be moving well only to find out that those moves you think you see are only $1.00 to $2.50. Then you have to ask "is this worth my time". The $4 rule, knowing about option spreads, time decay, etc. would probably suggest "no&qby NCTrader - Trading Discussion
JMHO... Rules are sometimes put in place to keep folks within the guardrails. There are no black and white answers as we live in a gray world. Short answer - must move well relative to that particular stock. You are going to get burned attempting to continually trade a $4 mover on a $200 stock. Forget about any particular dollar amount. Pull up a chart and decide if it moves. It either moveby NCTrader - Trading Discussion
Several years of learning listed int he past few posts. Technically both are correct; however, a big chart trader isn't quite as concerned with "right now". That's the beauty of the big charts and why GW has pushed big charts. As far back as 2005 he suggested the most successful primarily focused on the big charts because you don't have to babysit the trade. BCT is correct (as if theby NCTrader - Trading Discussion
I will try to keep this brief as I have a tendency to post short novels. Most of what you are asking has already been posted in separate places under various topics. 1.) If you want to attend Survivor, please email Brandi: wsbrandic@gmail.com. She handles all administrative tasks and will send you the sby NCTrader - Trading Discussion
Two additional cents... Yes, GW used to trade on his laptop but is very clear that he absolutely hates doing so these days. He might occasionally be forced to use a phone app to check charts but that appears to be on rare occasions. GW is more apt to arrange his schedule so that he will be available to see the charts at appropriate times. Very clear that multiple monitors are needed and higby NCTrader - Trading Discussion
7M7 tab is used for 7M7 research as taught in old RTP, new RTP, and possibly later in the Survivor series. Do not recall of 7M7 is still RTP specific or if he layers it in earlier these days. It's not the holy grail, just another piece of confirming evidence.by NCTrader - Trading Discussion