Trader Dante's fame goes Global

neil

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Yes dear reader,
TD has fans across the globe. Whilst browsing another (ahem) site I came across this reference to our very own TD, star of T2W and lesser journals:cool:

So in Aug 08 I started to trawl the net, on trading forums etc, until I came across a thread on Trade2win.com started by Trader_Dante. Basically he is an advocate of Price action and a student of the James16 thread. So having read his thread through I am now about half way through the James16 thread.
These guys have basically turned my trading around and I am finally making some headway. There have been many on those threads that have spent their time to help me and for that I will always be grateful.


Taken from:Beer Fund

It's entitled "Beer Fund" (Reminds me of Candles "Holiday Fund" posts)

Take a bow TD;)

Enjoy the read folks
 
Yes dear reader,
TD has fans across the globe. Whilst browsing another (ahem) site I came across this reference to our very own TD, star of T2W and lesser journals:cool:

So in Aug 08 I started to trawl the net, on trading forums etc, until I came across a thread on Trade2win.com started by Trader_Dante. Basically he is an advocate of Price action and a student of the James16 thread. So having read his thread through I am now about half way through the James16 thread.
These guys have basically turned my trading around and I am finally making some headway. There have been many on those threads that have spent their time to help me and for that I will always be grateful.


Taken from:Beer Fund

It's entitled "Beer Fund" (Reminds me of Candles "Holiday Fund" posts)

Take a bow TD;)

Enjoy the read folks

bore off:sleep:
 
Ah that's cool man - it's good to have an impact on peoples trading. God knows where I would be without J16. Probably still dreaming about being a trader every day whilst working in a boring 9-5.
 
I'm really impressed with the fact that you have drawn our attention to the above Neil thank you. I am happy that Trader Dante is getting his due. In due time I too hope to account for some success stories through a lot of what he has shared with us on this forum. On that note I say full praise to you Trader Dante you are indeed a man held in high standing. Its so easy to absorb and not share of our experiences but thabk to folk like yourself we can continue to learn and grow through that which we do and share.
 
I'm really impressed with the fact that you have drawn our attention to the above Neil thank you. I am happy that Trader Dante is getting his due. In due time I too hope to account for some success stories through a lot of what he has shared with us on this forum. On that note I say full praise to you Trader Dante you are indeed a man held in high standing. Its so easy to absorb and not share of our experiences but thabk to folk like yourself we can continue to learn and grow through that which we do and share.

If you only you all knew him, haha!!
 
Ah that's cool man - it's good to have an impact on peoples trading. God knows where I would be without J16. Probably still dreaming about being a trader every day whilst working in a boring 9-5.




I woke up this morning thinking of you, don't worry, i didn't have a hard on.:)
 
I have been reading the thread this week. I believe I am a better trader already. I will be trialing the techniques in the coming months (with 10p bets).
I was just reading in the thread that he (trader_dante) was going to do some videos to explain things even clearer. Does anyone know if he got round to this?
Also I'm up to about page 50 on the thread, so still early days. It's late 2007 in the thread and I wanted to know the following things if anyone can help.

Has trader_dante still got the same full time job or is he a full time trader now?

At what level does he trade? Back in 2007 it was mostly between £1 and £5 per trade.

Has he made improvements or changes to the techinques he is talking about in the early parts of his thread?

Anyone know any of the above?

Mike
 
He's fulltime at an arcade and he's 100% margined on a Dow short position and if this inverted H&S on an intraday timeframe breaks higher over 8000, I wish it doesn't for his sake, he will be in deep ****.
 
I have been reading the thread this week. I believe I am a better trader already. I will be trialing the techniques in the coming months (with 10p bets).
I was just reading in the thread that he (trader_dante) was going to do some videos to explain things even clearer. Does anyone know if he got round to this?

Nope. I never got round to that. It's something I would like to do at some point in the future.

Has trader_dante still got the same full time job or is he a full time trader now?

I'm a full time professional futures trader now. I ran my account up using the method I taught on that thread and used the statements to get my dream job at a prop firm. I did that because the financial backing made making money easier - that is to say I didn't need to make money to live off, off of my own money.

Having said this, I now also trade my own money on the side.

At what level does he trade? Back in 2007 it was mostly between £1 and £5 per trade.

At work I have limits for 10 lots (£90 per pip on the Euro) but in reality trade between 1 and 5 lots (between £9 and £45 per pip on the Euro for example). In my spread betting account, I trade a little bigger. I usually start lower and add agressively if the trade moves in my favour.

Has he made improvements or changes to the techinques he is talking about in the early parts of his thread?

The concepts are very much the same. I still rely almost 100% on identifying high probability turning points so pay close attention to my explanations of s/r and supply/demand lines.

There have been some changes but nothing major. I try to vary my bet sizes according to what I consider the probability of the trade working which is something I don't go into on that thread...I don't pay as much attention to the 10, 21 and 50emas as I outlined in the later part of that thread although I do still sometimes look at them.

The main change is that I now trade a little more instinctually rather than waiting for rigid setups.

That is to say, I sometimes get a feel for where the market wants to go by watching price patterns and price action and try to pre-empt moves on lower TFs or by reading the ladder so I can enter with tighter stops.

I am still very aware of, and often use pin bars and inside bars as confirmation for a trade but I don't neccessarily always hit them in the way I used too - entry above a pin, stop below. In my own SB account I often do, but when I trade for my firm, sometimes I try to have several goes with tighter stops. It's not viable for me at the moment to sell 10 lots in the Euro, for example, with a 200 pip stop. We have to work with a £500 daily stop limit at the moment and that trade would cost me £18,000 if it went wrong.

At any rate, none of this should put you off reading the thread by any means. That thread will show you very clearly what you look for when you look at a chart of the market and you will eventually develop your own instinct after you have gained enough screen time watching price unfold.

P.S With regards to what Pitbull said above, it's party true but not completely. I am 100% margined on a Dow short but I have somewhat over exaggerated the outcome on another thread on this board. If it breaks above 8000, I am going to give back an obscene amount of unrealised profit but I will not take a loss beyond the normal percentage I stake which is 5% max.
 
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Nope. I never got round to that. It's something I would like to do at some point in the future.



I'm a full time professional futures trader now. I ran my account up using the method I taught on that thread and used the statements to get my dream job at a prop firm. I did that because the financial backing made making money easier - that is to say I didn't need to make money to live off, off of my own money.

Having said this, I now also trade my own money on the side.



At work I have limits for 10 lots (£90 per pip on the Euro) but in reality trade between 1 and 5 lots (between £9 and £45 per pip on the Euro for example). In my spread betting account, I trade a little bigger. I usually start lower and add agressively if the trade moves in my favour.



The concepts are very much the same. I still rely almost 100% on identifying high probability turning points so pay close attention to my explanations of s/r and supply/demand lines.

There have been some changes but nothing major. I try to vary my bet sizes according to what I consider the probability of the trade working which is something I don't go into on that thread...I don't pay as much attention to the 10, 21 and 50emas as I outlined in the later part of that thread although I do still sometimes look at them.

The main change is that I now trade a little more instinctually rather than waiting for rigid setups.

That is to say, I sometimes get a feel for where the market wants to go by watching price patterns and price action and try to pre-empt moves on lower TFs or by reading the ladder so I can enter with tighter stops.

I am still very aware of, and often use pin bars and inside bars as confirmation for a trade but I don't neccessarily always hit them in the way I used too - entry above a pin, stop below. In my own SB account I often do, but when I trade for my firm, sometimes I try to have several goes with tighter stops. It's not viable for me at the moment to sell 10 lots in the Euro, for example, with a 200 pip stop. We have to work with a £500 daily stop limit at the moment and that trade would cost me £18,000 if it went wrong.

At any rate, none of this should put you off reading the thread by any means. That thread will show you very clearly what you look for when you look at a chart of the market and you will eventually develop your own instinct after you have gained enough screen time watching price unfold.

P.S With regards to what Pitbull said above, it's party true but not completely. I am 100% margined on a Dow short but I have somewhat over exaggerated the outcome on another thread on this board. If it breaks above 8000, I am going to give back an obscene amount of unrealised profit but I will not take a loss beyond the normal percentage I stake which is 5% max.


You say you bet a little bigger in your own account. Have you any examples on such trades (your methods) when you add and how much?

When you say tighter stops are these on tighter TF? And how tight?
 
You say you bet a little bigger in your own account. Have you any examples on such trades (your methods) when you add and how much?

When you say tighter stops are these on tighter TF? And how tight?

Well, right now I am short Dow. My reasoning for this particular trade is simple. We are in a bear market. Therefore all rallies must be sold. There is a huge amount of support at 7800. The market continually hits it and bounces. My theory is contrary to the popular belief that the more a support gets hit the stronger it is. I think the more it gets hit, the weaker it becomes. So I build a short position ahead of the level and then add more when it goes through. I can't go into the complexities of adding. It's complex and often instinctual. I add as much as I can, in this case, adding more each time rather than less and risking all open profit in the pursuit of a bigger move. If it goes against me, I need to cut some and maybe look to add in again later on. If it comes into support, I look to take some off and add higher up but making sure that if it doesn't bounce high enough, that I sell more at exactly where I just covered. I continually try to get 100% of my account in a trade but making sure that there is zero risk. This is very hard but is really the holy grail of trading.

With regards to trading with tighter stops, I watch the price action. I only ever really look at the hourly timeframes to decide where I am going to hit it but then sometimes look at 5m to decide on an appropriate stop or in some cases, the ladder itself to see "invisible" support and resistance. When I say tight stops, I mean something like 10-15 pips max in Cable or the Euro or Yen.
 
Easy T_D... whatever happened to the golden rule of

"Never add to a losing position"

:cheesy:

Well, right now I am short Dow. My reasoning for this particular trade is simple. We are in a bear market. Therefore all rallies must be sold. There is a huge amount of support at 7800. The market continually hits it and bounces. My theory is contrary to the popular belief that the more a support gets hit the stronger it is. I think the more it gets hit, the weaker it becomes. So I build a short position ahead of the level and then add more when it goes through. I can't go into the complexities of adding. It's complex and often instinctual. I add as much as I can, in this case, adding more each time rather than less and risking all open profit in the pursuit of a bigger move. If it goes against me, I need to cut some and maybe look to add in again later on. If it comes into support, I look to take some off and add higher up but making sure that if it doesn't bounce high enough, that I sell more at exactly where I just covered. I continually try to get 100% of my account in a trade but making sure that there is zero risk. This is very hard but is really the holy grail of trading.

With regards to trading with tighter stops, I watch the price action. I only ever really look at the hourly timeframes to decide where I am going to hit it but then sometimes look at 5m to decide on an appropriate stop or in some cases, the ladder itself to see "invisible" support and resistance. When I say tight stops, I mean something like 10-15 pips max in Cable or the Euro or Yen.
 
There have been some changes but nothing major. I try to vary my bet sizes according to what I consider the probability of the trade working which is something I don't go into on that thread...I don't pay as much attention to the 10, 21 and 50emas as I outlined in the later part of that thread although I do still sometimes look at them.

TD, thank you for the latest info from your personal life, because I am also reading the long "Making Money" thread now and was interested if anything changed.

Please, can you make a comment too about your usage of fibonaci levels, how important do you consider them nowaday?

Thank you very much.
 
Easy T_D... whatever happened to the golden rule of

"Never add to a losing position"

:cheesy:

Mate, FW spread that rumour...I never add to losers..if it's appeared that I have i some of my posts then its a mistake. I add when it's going my way or sometimes at the same price but never at a worse one. It's my Golden rule and I am, I believe, the only person at my prop house that refuses to break it.
 
Mate, FW spread that rumour...I never add to losers..if it's appeared that I have i some of my posts then its a mistake.

In case your memory needs refreshing:

On February 12 you wrote:

I'm short from an average price of 7879 on the March future..

What happened next was the market went to 7700 and 7660 before rallying to 7943.

The next day (last Friday) price went as high as 7965 and after it started falling again you wrote:

Just sold some more at 7903...ok that's it, honest...I'll check when I get home...

Since you sold more at a higher price then your initial entry, and the price of the DOW at the time of your "adding" was higher than your average entry of 7879, that is called averaging down aka "adding to losers".

I add when it's going my way or sometimes at the same price but never at a worse one.

I think the above posts clearly illustrate otherwise.
Perhaps you're going to tell me it was all just a joke, like you did last time?
 
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