Question: What
does the service include?
Answer:
Members have complete access to the tools and methods Floyd uses for
his own trading (futures). This includes over 2500 proprietary
charts, graphs and unique indicators as well as backtesting
capabilities. This also includes all of Floyd's Commitments of
traders (COT) studies. In addition, a custom chart navigation
program (CNP) is also provided with the service. The CNP contains a
unique feature that resets the charts and graphs to specific dates
in the past. This includes all of the COT and deep COT chart
studies as well. This feature lets traders practice and
improve their ability and skill to recognize subtle changes in chart
patterns that routinely occur before significant trend changes.
By observing changes in price and COT one learns how the data
interacts and how markets behave. Over time traders learn what
to look for in a "setup". This is a skill that takes
time to develop. The CNP "look back" capability is a superior
method of study since it does not allow a person to "see ahead" and
basically cheat themselves out of learning. For example,
scrolling through a price chart always allows one to "see ahead" and
thus know exactly what happens next. One can not test their
skill when the answer is provided along side the question (i.e. The
question being "Where will the market go next?"). In actual
trading, we never have the luxury of knowing tomorrow's
closing price! Yet in traditional charting programs,
when looking at past data, one can always know what happens next
because the data is staring right at them in the chart.
The only time the data is not staring right at you in traditional
charts is in real-time trading. In live trading, one NEVER
knows for sure what will happen next until it happens. The
same should be true in your study. To effectively train your
brain, the ideal situation is to recreate the same scenario that one
is faced with in actual trading. This is exactly what the CNP
"look back" feature recreates. This recreation of actual
trading conditions provides members with the opportunity to exercise
their brains and learn from the past (via past chart formations and
price behavior). The charts appear exactly as they did
on specific dates and subsequent data is NOT revealed until the user
"steps forward" to the next day and updates the chart with the next
days data. No future data is revealed until the user steps
forward. At that point the member is able to observe the
changes in the chart exactly as they occurred on that date in
history. This recreates the same conditions that one is faced
with when deciding whether or not to enter or exit a market on a
specific date. As far as we know, no other service provides
this capability in this fashion. This is a powerful way to
sharpen your observation skills and is ideal for the discretionary
trader. This is why Floyd created this feature.
Floyd considers himself to be more of a discretionary trader rather
than purely mechanical.
Question: Does
the service provide everything I need to position and swing trade
futures?
Answer: Yes it
does, and much much MORE! You get access to daily updated
charts and price indicators in over 45 futures markets as well as 81
cash markets and over a dozen Forex markets. In
addition, members have access to weekly and historic charts, as well
as COT (commitments of traders) charts and studies covering 45
different futures markets. Automated reports also help
traders with tracking day to day price changes and pattern
formations. Floyd provides regular updates (written
reports and streaming presentations as well).
Here's an example presentation for
you to review free (from 2011).
Question: Does Floyd
provide assistance in using the website features?
Answer: Yes, he
provides daily updates to help traders interpret the data and manage
trades.
Question: What
else do I need if I want to position trade following Floyd's
strategies and COT analysis?
Answer:
Everything you need for determining which trades to take and how to
manage positions (profits and losses) is provided inside this
website! The only thing you will need is an account with a
futures brokerage firm!
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