Recent content by SFL Trader

Trading goes back way more than 100 years and yes, there were charts but you're missing the point of what the dom is. 100+ years ago, there were guys standing around in a room yelling at each other conducting an auction. "Buy em, sell em, F you you no good son of b!#ch." This is what's actually...

Again, watch Xtrader or the Jigsaw depth and sales platform directly next to the Ninja Dom or the IB Dom and then come and talk to me and tell me there's no difference. And again, if you've made a million without it, more power to you.

Ok. Maybe I haven't seen and used EVERY single TA development in history. I guess charts, bands, stochastics, MACD, moving averages, fibonacci, etc., etc. ad nauseum doesn't account for it all. I, personally, have NEVER met a trader who made money every year for 5 years straight using TA and I...

When you say "we find it hard to understand your claims", you mean you find it hard. And the reason you find it hard to understand my claims is because you have not spent years staring at a good depth of market platform. Spend six months staring at TT's X-trader or the Jigsaw depth and sales...

I do still charge for it and I do care and I'm pissed and T2W is about to get some paperwork. Someone who bought the book just told me about this link and you will see that it's been removed but not till way, way after the fact. "damage has probably been done already"...ya think? This is...

I wrote the book and while I appreciate the fact that people like it enough to suggest it to others, I don't appreciate the fact that it was posted on here for free and I let the guys who run this site know that. They took it down but way after the fact. Someone else who bought the book...

For wallstreet1028.... If TA works for you, great. But my point is that I've seen the market go down 20 and then rally 30 without ever hitting support or resistance or a trendline or a pivot, etc. So it's not just about picking bad entries due to watching TA. It's also about missing...

A portion was made while trading for a prop firm and another portion was made after I left the firm. I literally started with a one lot and only moved up a few contracts at a time. I couldn't really tell you what my worst drawdown has been as I've never kept track. I once did something really...

I blew plenty of money on TA many years ago before I figured out why the market does what it does. Hence the reason I advise not using it. And it's not because I was using the "wrong" TA.

Prices don't follow trendlines. Trendlines follow prices. That's why trendlines change. And, of course, where your trendline is depends upon the scale of your chart. The trendline on a two-minute chart is much different than the one on a daily chart. Which one do I follow.....

Numbers lie all the time. That's someone's estimate and estimates are usually wrong but for argument's sake, I'll go with it. The numbers on the DOM lie. The time and sales does not. This is one of the keys. Orders flashing do not mean as much as size trading. So if 5000 is trading here...

If it was worthless to read the tape, scalpers wouldn't do it. It's worthless to someone who doesn't know what they are seeing. In regards to the Rentech/algorithm thing... Yes. Algorithms exist. Yes. A lot of money is put into play with computers. Do they dominate the market...

Because Amazon keeps 60%. And there's no point in adding 100 pages of fluff or war stories. You can get that anywhere.

Yeah. From tail to head or head to tail. Or maybe you can start with the feet. Anyway you go, you're probably going to need a knife.

Whatever you are doing will not work in the real world. No matter what instrument you are using. At 4 to 8 trades per hour, your account will be empty in a month or less at $5 a round turn. Plus, there are rarely that many really good opportunities in a day. Backtesting is misleading. What...