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A giant "Thank you, Will!"
I bought the new software around the first of October. I hope that this picture explains why I am so thankful. All the best to you and your family and to everyone else in the PFA community!
I bought the new software around the first of October. I hope that this picture explains why I am so thankful. All the best to you and your family and to everyone else in the PFA community!
My friend, a very Merry CHRISTmas to me indeed! I am so thrilled that you are benefiting from the software and I truly hope so many can!
Keep up your amazing work, you deserve every bit of it
I hope you and your family have amazing holidays and I am excited to see how 2021 pans out. THANK YOU!
Keep up your amazing work, you deserve every bit of it
I hope you and your family have amazing holidays and I am excited to see how 2021 pans out. THANK YOU!
Hi Luis, Thanks!
I am making my trades manually. I typically have gone by Will's setup using the daily and the 60 minute charts together. Daily for direction and then 60 minute for entries. This is the setup I am using - I have all of the daily charts on the left screen and the hourly on the right screen so that I can see it all at a glance and not have to constantly switch back and forth between screens.
I am making my trades manually. I typically have gone by Will's setup using the daily and the 60 minute charts together. Daily for direction and then 60 minute for entries. This is the setup I am using - I have all of the daily charts on the left screen and the hourly on the right screen so that I can see it all at a glance and not have to constantly switch back and forth between screens.
Wow, great job Keith.
I purchased in Jan. Have watched Will take handful of trades and just can not pull trigger on steep pull backs
2 Questions:
1. Do you have any issue with Ninja Locking up with so many charts open? I only have a few and it locks up on me daily. Or it falls behind and fails to keep up with price in fast markets like the open.
2. Do you have any fears about pulling trigger on entries ? Not sure how many contracts ya trade.
Congrats !
Kevin
I purchased in Jan. Have watched Will take handful of trades and just can not pull trigger on steep pull backs
2 Questions:
1. Do you have any issue with Ninja Locking up with so many charts open? I only have a few and it locks up on me daily. Or it falls behind and fails to keep up with price in fast markets like the open.
2. Do you have any fears about pulling trigger on entries ? Not sure how many contracts ya trade.
Congrats !
Kevin
Hello, Kevin.
1. Do you have any issue with Ninja Locking up with so many charts open? I only have a few and it locks up on me daily. Or it falls behind and fails to keep up with price in fast markets like the open.
Answer: No, it does not lock up but I will say that I had recently purchased a stronger computer to handle it and it has done fine so far. I am using a Lenovo Flex 5 Series 2-in-1 Touchscreen Laptop - 10th Gen Intel Core i7-1065G7 - 1080p. There is 16GB of RAM and a WiFi-6 Wireless networking card.
My internet speed is also high. I can get up to 500mbps at times.
2. Do you have any fears about pulling trigger on entries ? Not sure how many contracts ya trade.
Answer: There are times when I am hesitant but that is only for those trades that I know I am being more bold. For example I will not hesitate for even a second when that beautiful trade sets up and is very clear to me on the chart. Will's zones help to paint a very clear picture in those cases and I place the order in advance of price arrival. Then there are other times when I think I can outsmart the market and I will enter a trade which is outside of Will's teaching. Usually I pay a price for doing that, but at least I understand it and know it going in. So, on those trades I am hesitant. Typically I start with 1 or 2 contracts and sometimes I will have multiple trades open at the same time.
I have not yet been able to hold on to that long trade to really bring in the big dollars but that has more to do with my limitations of capital, time or duration of the trade, and need of immediate income. If I did this in a retirement account I could hold on for much longer. As it is, there have been many trades I have exited and watched go higher, but I needed my exit point to be earlier for income.
As an example, if I am looking to make daily income and I would like for that income to be $400 to $600 per day, then if I have reached that amount I will exist. This can be on a trade that I believe very strongly will go further in my favor, but as you know price may first need to retrace to where you entered or a little below. Do I skip that day of income and hold on for the longer and more profitable outcome? I certainly could but that has at times caused me to hold on to a trade which is consuming my capital and it could take days to work out. I have not yet mastered this part of trading decisions. Everyone's need is different so the trade management needs to be different.
Please don't hesitate to ask more questions if it will help.
Thanks a lot!
Keith
1. Do you have any issue with Ninja Locking up with so many charts open? I only have a few and it locks up on me daily. Or it falls behind and fails to keep up with price in fast markets like the open.
Answer: No, it does not lock up but I will say that I had recently purchased a stronger computer to handle it and it has done fine so far. I am using a Lenovo Flex 5 Series 2-in-1 Touchscreen Laptop - 10th Gen Intel Core i7-1065G7 - 1080p. There is 16GB of RAM and a WiFi-6 Wireless networking card.
My internet speed is also high. I can get up to 500mbps at times.
2. Do you have any fears about pulling trigger on entries ? Not sure how many contracts ya trade.
Answer: There are times when I am hesitant but that is only for those trades that I know I am being more bold. For example I will not hesitate for even a second when that beautiful trade sets up and is very clear to me on the chart. Will's zones help to paint a very clear picture in those cases and I place the order in advance of price arrival. Then there are other times when I think I can outsmart the market and I will enter a trade which is outside of Will's teaching. Usually I pay a price for doing that, but at least I understand it and know it going in. So, on those trades I am hesitant. Typically I start with 1 or 2 contracts and sometimes I will have multiple trades open at the same time.
I have not yet been able to hold on to that long trade to really bring in the big dollars but that has more to do with my limitations of capital, time or duration of the trade, and need of immediate income. If I did this in a retirement account I could hold on for much longer. As it is, there have been many trades I have exited and watched go higher, but I needed my exit point to be earlier for income.
As an example, if I am looking to make daily income and I would like for that income to be $400 to $600 per day, then if I have reached that amount I will exist. This can be on a trade that I believe very strongly will go further in my favor, but as you know price may first need to retrace to where you entered or a little below. Do I skip that day of income and hold on for the longer and more profitable outcome? I certainly could but that has at times caused me to hold on to a trade which is consuming my capital and it could take days to work out. I have not yet mastered this part of trading decisions. Everyone's need is different so the trade management needs to be different.
Please don't hesitate to ask more questions if it will help.
Thanks a lot!
Keith
Hello Keith
Congratulations for this beautiful month ! ! Moreover on Micro.
On my side, I use PFA Strategy for swing but didn't find the right settings for day trade like you can do.
(ES is only there for long historical datas). I mainly trade MES. Sometimes CL or GC.
If I mixed Daily zone and H1 zone, I have the results above.
Is that disturb you if you detail your strategy.
Thanks
Michael.
Congratulations for this beautiful month ! ! Moreover on Micro.
On my side, I use PFA Strategy for swing but didn't find the right settings for day trade like you can do.
(ES is only there for long historical datas). I mainly trade MES. Sometimes CL or GC.
If I mixed Daily zone and H1 zone, I have the results above.
Is that disturb you if you detail your strategy.
Thanks
Michael.
Hello Michael,
Very well done on your part - that's a great graph. You asked if I would mind sharing my strategy and I would not mind at all. I would like to get an idea of how you analyze a trade so if you don't mind would it be okay if I asked you how you would go about this particular trade?
1. Would you short it here with a stop above the supply?
2. Looking at the history, is there anything that gives you reasons to shy away or does it look good just the way it is?
3. Or, would you buy at the demand below with a stop below the demand?
4. Which of these trades do you have more confidence in trading?
Thank you so much for asking and I hope that you don't mind the questions first.
Keith
Very well done on your part - that's a great graph. You asked if I would mind sharing my strategy and I would not mind at all. I would like to get an idea of how you analyze a trade so if you don't mind would it be okay if I asked you how you would go about this particular trade?
1. Would you short it here with a stop above the supply?
2. Looking at the history, is there anything that gives you reasons to shy away or does it look good just the way it is?
3. Or, would you buy at the demand below with a stop below the demand?
4. Which of these trades do you have more confidence in trading?
Thank you so much for asking and I hope that you don't mind the questions first.
Keith
Hello Keith ,
Thank you.
Then I will try to analyze your graph.
The price is in a large range. I feel comfortable to short only for the 1rst retouch of the zone even if the price comes quickly without continuation pattern.
According to what I know that could suit my personnality, I use "the negating level" for this case : if there is a RBR in the 2x height the supply zone (or DBD in the 2x demand zone), I don't take a short trade even if it's a first try. Thus, I don't short.
With the PFA Strategy, I didn't find to tell that if a continuation happens in the 2x zone, don't take the trade.
I could wait for the others supply above to short but none of them are in bright red => already touched => No considering anymore.
I will wait for the price to come back into the demand zone with a stop just below if .... there will be no DBD in the 2x zone before the demand.
I took another graph to illustrate the 2x demand zone
Sorry if I make mistake or you misunderstood my explanation, English is a foreign langage.
Michael.
Thank you.
Then I will try to analyze your graph.
The price is in a large range. I feel comfortable to short only for the 1rst retouch of the zone even if the price comes quickly without continuation pattern.
According to what I know that could suit my personnality, I use "the negating level" for this case : if there is a RBR in the 2x height the supply zone (or DBD in the 2x demand zone), I don't take a short trade even if it's a first try. Thus, I don't short.
With the PFA Strategy, I didn't find to tell that if a continuation happens in the 2x zone, don't take the trade.
I could wait for the others supply above to short but none of them are in bright red => already touched => No considering anymore.
I will wait for the price to come back into the demand zone with a stop just below if .... there will be no DBD in the 2x zone before the demand.
I took another graph to illustrate the 2x demand zone
Sorry if I make mistake or you misunderstood my explanation, English is a foreign langage.
Michael.
Oups I forgot something. The continuation pattern have to be on the timeframe I use to trade.
Michael.
Michael.
Hi Keith,
I am using a Lenovo Flex 5 Series 2-in-1 Touchscreen Laptop - 10th Gen Intel Core i7-1065G7 - 1080p. There is 16GB of RAM and a WiFi-6 Wireless networking card.
My internet speed is also high. I can get up to 500mbps at times.
> > I am using a Falcon Trading PC AMD Ryzen 3800x 8-Core processor, 3900Mhz, 32GB Ram, 485 Download Speed / 262 Up hard wired not wireless. and Ninja locks up every day without fail.
2. Do you have any fears about pulling trigger on entries ? Not sure how many contracts ya trade.
> This year I have lost over $100,000 so now I have all kinds of fear in pulling trigger. Have traded up to 12 contracts but down to 1 -3 now.
I appreciate Wills patience with me, but to me so much of his entries still seem subjective unless there is an obvious signal painted via the software.
Many Thanks,
Kevin
I am using a Lenovo Flex 5 Series 2-in-1 Touchscreen Laptop - 10th Gen Intel Core i7-1065G7 - 1080p. There is 16GB of RAM and a WiFi-6 Wireless networking card.
My internet speed is also high. I can get up to 500mbps at times.
> > I am using a Falcon Trading PC AMD Ryzen 3800x 8-Core processor, 3900Mhz, 32GB Ram, 485 Download Speed / 262 Up hard wired not wireless. and Ninja locks up every day without fail.
2. Do you have any fears about pulling trigger on entries ? Not sure how many contracts ya trade.
> This year I have lost over $100,000 so now I have all kinds of fear in pulling trigger. Have traded up to 12 contracts but down to 1 -3 now.
I appreciate Wills patience with me, but to me so much of his entries still seem subjective unless there is an obvious signal painted via the software.
Many Thanks,
Kevin
A couple notes:
1. I am very happy to be as patient as necessary to help!
2. There is 0% subjectivity in the trade template which we have covered many times. There is discretion in what I always refer to as my "discretionary" method, and even then it is very little. We will be covering this again this week so please make sure you take notes to attempt to make it as mechanical as possible. Otherwise, it may be best to stick with the 0% discretionary method.
3. I believe it is very important for you to address the fact of your losses, they came from your previous method of options trading, correct? I believe this is important to mention as PFA members should NEVER trade real money until they are fully capable of making their own very well educated decisions and fully understand their method :)
I hope you understand ;)
1. I am very happy to be as patient as necessary to help!
2. There is 0% subjectivity in the trade template which we have covered many times. There is discretion in what I always refer to as my "discretionary" method, and even then it is very little. We will be covering this again this week so please make sure you take notes to attempt to make it as mechanical as possible. Otherwise, it may be best to stick with the 0% discretionary method.
3. I believe it is very important for you to address the fact of your losses, they came from your previous method of options trading, correct? I believe this is important to mention as PFA members should NEVER trade real money until they are fully capable of making their own very well educated decisions and fully understand their method :)
I hope you understand ;)
Be the first to leave an awesome comment.
Yes sir, my loses were prior to my coming to PFA. That is large part of why I came as I very much want to learn to trade the way you do. 100% agree your style is much more sustainable, easier and once I "get it" less stressful LOL.
Kevin
Kevin
Thank you Kevin 
I am very much looking forward to that as well. I'll do everything in my power to help you achieve your goals my friend. You're putting in the work and that is what's important, keep it up my good sir
I am very much looking forward to that as well. I'll do everything in my power to help you achieve your goals my friend. You're putting in the work and that is what's important, keep it up my good sir
Hi Luis, Thanks!
I am making my trades manually. I typically have gone by Will's setup using the daily and the 60 minute charts together. Daily for direction and then 60 minute for entries. This is the setup I am using - I have all of the daily charts on the left screen and the hourly on the right screen so that I can see it all at a glance and not have to constantly switch back and forth between screens.
[attachment]IMG_2822.jpg[/attachment]
Fantastic results Keith! Good job
I am still struggling, have been at it for a long time now haha, seems to be some kind of hurdle that I dont see myself. Very annoying. So glad some of us are reaping the benefits tho!
All the best,
Mattias
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