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Do we have an unfair advantage? I think we do! (LOL)

Do we have an unfair advantage? I think we do! (LOL)

Another week, even more volatility, do we have an unfair advantage?

 

The COVID-19 situation has changed the way the world thinks and the numbers are showing it. A recent email from the Dorman Trading LLC has highlighted that there has been a plus 300% increase in the number of Futures Trading Accounts being opened during the crisis. This increase appears to be testament to the realization that Futures trading is very different to any other form of trading. It does raise a great question: Do we have an unfair advantage? I think so! Why is this?  

 

We can trade both up and down, we can trade for less than 60 Minutes per day, we can change markets at a touch of a button and we can control our risk as quickly as we need. Our key advantage is that we can also do this without the need of an OTC Broker, like a FOREX Broker, for example. We can all of the above, with no brokers present in the market to manipulate the market against us while we are trading. This means that we get to move with the Ebb and Flow of the markets, every trading day, with the potential to run with the market when it runs and fall with the market when it falls.

 

The chat log below is testament to our ability to trade both up and down and also our freedom to do this on a daily basis as per our short range strategies. To me there is no better proof of a trading strategy, and its potential, than the chat log straight out of a Live Trading Room. Well done traders on another great trading week!!! ** Lachlan Elsworth

Here is our Live Trading Room chat log 4 – 8 May 2020. 

 

The following text grab is straight out of the Live Trading Room for the Euro Open Session with Fred. Please note that there are winning and losing trades in the chat log below. Losing trades are just part of trading so be aware you will get 1 or 2 from time to time. For everyone of you moving forward, slowly or quickly, I am very excited for you! ** Lachlan Elsworth.

 

Live Trading Room European Open Session with Fred, assisted by Lachy!!!

 

Monday 4 May 2020 – Learn to Trade Live Trading Room Text Grab

 

(04:34 pm) Michael (MJ): +50 mnq

(04:34 pm) Nathan B -: +15×2 mnq

(04:59 pm) JohnS -: +50 dax

(05:00 pm) RemieW -: +10X10 dax delta at 10578

(05:01 pm) GeorgeS -:  +20 dax step break

(05:01 pm) NickH -: +20 nq rcr 100 Fib Ext

(05:01 pm) RemieW -: +10X10 dax delta at 10544

(05:02 pm) JohnS -: +40 dax 10544

(05:04 pm) JohnM -: +8 +16 nq

(05:14 pm) GaryW -: +11 +21 nq sim rev off 133 (experimenting)

(05:19 pm) StephenG -: +10 nq sim

(05:21 pm) AndrewO -: +10×5 mnq live

(05:21 pm) SholtoB -: +20 x 10 mnq sim

(05:21 pm) HectorM -: +40 nq

(05:22 pm) PeterW -:  +20×3 nq sim Eff

(05:24 pm) JohnM -: +8 +16 nq sim

(05:24 pm) HeatherT -: +10×5 mnq live +10×5 mnq sim

(05:26 pm) AndrewH -: +6 x 2 es sim

(05:31 pm) RemieW -: +10X10 dax the swing

(05:44 pm) AndrewH -: +8×2 es sim off 76

(05:54 pm) ColinC -: +10 mnq off eff long

(05:57 pm) RemieW -: Loss -20X10 dax delta at10564.5

(05:58 pm) DC -: -25 es

(05:59 pm) AnneS -: -25 es

(05:59 pm) GarethW -: -20 mnq , my error

(06:03 pm) PeterK -: +20 nq eff candle target met for the day.

(06:06 pm) RemieW -: Loss -20X10 dax delta at 10575

(06:15 pm) PeterW -: +20 nq sim

(06:16 pm) GarethW -: -40 mnq – thanks Fred I’ll call it a day. Not mine today- trade well everyone

(06:16 pm) HeatherT -: +10×5 mnq  sim

(06:17 pm) DC -: +10 es eff candle

(06:18 pm) StephenG -: +10 nq sim ec

(06:19 pm) AndrewH -: +11 +21 nq sim

(06:20 pm) Nicki -: +5 +10 es sim off S1

(06:21 pm) AndrewH -: +8 x 2 es sim off S1

 

Tuesday 5 May 2020 – Learn to Trade Live Trading Room Text Grab

 

(04:59 pm) SholtoB -: +15×2 mnq live

(05:00 pm) AndrewH -: +4×2 mes sim off R1

(05:05 pm) MarkB -: +20 nq cr

(05:06 pm) Nathan B -: +10 +1 mnq

(05:10 pm) StephenC -: +4 x2 mnq cr, positive stop out

(05:10 pm) RemieW -: Loss -20X10 dax delta at 10636

(05:15 pm) RemieW -: +10X10 dax delta at 10636.5 fdax

(05:15 pm) PeterK -: +21 nq off eff  extension I’m done for the night target reached

(05:19 pm) RemieW -: +10X10 dax delta at 10643

(05:22 pm) RemieW -: Boom +50 x5 dax delta at 10637 to R1

(05:29 pm) JohnM -: +28 nq. Got slipped.

(05:29 pm) Lachy : John nice work

(05:30 pm) GaryW -: +11 +21 nq

(05:30 pm) PeterW -: +6×3 nq sim

(05:30 pm) VadimS -: +60 mnq sim

(05:30 pm) RobertM -: +11+68 mnq sim

(05:30 pm) NickH -: +32 nq  20tic target 12 slip

(05:30 pm) James -: +35 nq sim eff

(05:31 pm) WarrenP -: +20 nq eff

(05:31 pm) KeithH -: +22 X2 mnq   nice 12 tick slippage positive

(05:31 pm) MarkB -: +50 mnq

(05:33 pm) RemieW -: +10X10 dax delta at 10673

(05:35 pm) Nicki -: +4 +8 es, rev off climactic

(05:35 pm) StephenC -: +8 x2 mnq cr live

(05:37 pm) ColeA -: +15 +10 dax to the 75 ext with delta

(05:37 pm) ColinC -: – 20×4 mnq rcr off extension

(05:39 pm) Michael (MJ): +40 dax sim

(05:40 pm) GregS -: +10×5 +10×5 cl

(05:41 pm) JohnM -: +20 nq rcr sim

(05:53 pm) KeithH -: +32 mnq for session, thanks for steady moderating Fred, I’m done

(05:59 pm) RemieW -: Loss -20 x10 dax delta  at 10681

(06:06 pm) JohnM -: +10 nq sim

(06:08 pm) RemieW -: +10X10 dax  swing  at10687 with cover

(06:09 pm) NickH -: +10 nq rcr 133%

(06:10 pm) Michael (MJ): +40 dax sim

(06:10 pm) GregS -: +8 +16 nq sim

(06:10 pm) VadimS -:  +10 mnq sim

(06:11 pm) RemieW -:  +10X10 dax delta at 10702.5

(06:14 pm) JimB -: + 119 nq sim

(06:15 pm) GaryW -: -56 nq

(06:15 pm) RobertM -: +11 +48 mnq sim

(06:15 pm) Nicki -: +4 +8 es, rev off 76

(06:16 pm) RemieW -: Boom  rcr of delta at 10686  +50×10 dax

(06:19 pm) GregS -: +5×10 cl

(06:21 pm) Nicki -: +4 +8 es, climactic close

(06:25 pm) GaryW -: +11x2nq

(06:26 pm) Hans G -: Thanks Fred +27 mnq

(06:29 pm) RobertM -: +11 mnq sim

 

Wednesday 6 May 2020 – Learn to Trade Live Trading Room Text Grab

 

(04:40 pm) Michael (MJ): +8 +8 +50 mnq

(05:06 pm) johnw -: +11 mnq long rev

(05:11 pm) Nicki -: +4 +8 es rcr

(05:12 pm) NickH -: +10 nq rcr 50% of previous Run

(05:13 pm) ColinC -: +16×4 mnq rcr off 76 fib

(05:16 pm) ColinC -: +10×4 mnq eff corpc

(05:16 pm) DeanC -: +10 nq sim ec

(05:16 pm) GaryW -: +8 +2 mnq

(05:16 pm) JohnM -: +12 nq

(05:17 pm) StephanieL -: +10 x2 nq sim

(05:17 pm) PeterW -: +6×3 nq sim

(05:17 pm) GregS -: +10 nq sim

(05:17 pm) SholtoB -: +20 nq sim

(05:18 pm) johnw -: +4 +5 +12  mnq

(05:18 pm) AndrewO -: +20 dax sim

(05:18 pm) AlanC -: +11 +21 nq

(05:19 pm) DC -: +4 +8 mes +8 es

(05:19 pm) PeterK -: +11+21 nq sim eff candle extension

(05:28 pm) JohnM -: +12 mnq rcr

(05:31 pm) Lachy : Thank you Fred! +10 dax live +10×2 nq live

(05:31 pm) HectorM -: +20 nq

(05:32 pm) DeanC -: Target hit. +20 mnq for the night. Thanks Fred! Family time now!

(05:37 pm) ColinC -: +10 x 4 mnq

(05:37 pm) NickH -: +20 nq Eff candle abc with step and trend

(05:37 pm) SholtoB -: +10 nq live

(05:37 pm) Nicki -: +8 x2 es – nice call Fred

(05:37 pm) James -: +21 nq sim

(05:38 pm) GaryW -: +11 -2 mnq

(05:38 pm) PeterW -: +26×3 nq sim

(05:38 pm) DC -: +8 es

(05:38 pm) GregS -: +4×7 +12×3 es

(05:38 pm) StephanieL -: +15 nq sim

(05:39 pm) JohnM -: +14 nq

(05:39 pm) KeithH -: +10 mes

(05:40 pm) AlanC -: +11 +3 nq off 76F (sim)

(05:42 pm) WarrenP -: +20 nq step break

(06:06 pm) RemieW -: +10X10 dax  bio/s

(06:07 pm) ColinC -: +14 x 4 mnq

(06:07 pm) PeterW -: +10 nq sim

(06:08 pm) GaryW -: +15 mnq

(06:26 pm) TerryOK -:  +11 es

(06:26 pm) SholtoB -: +10 nq live to finish the night. Thanks Fred

(06:29 pm) NickH -: Thanks mate, Great stuff again!!! +30nq  for the night

 

Thursday 7 May 2020 – Learn to Trade Live Trading Room Text Grab

 

(04:49 pm) GaryW -: +4 nq

(05:04 pm) Jonny : +8 es

(05:05 pm) MarkB -: +20 nq

(05:07 pm) KeithH -: +10 nq

(05:07 pm) Nicki -: +4 +11 es rev off R1

(05:07 pm) JohnM -: +8 +15 nq rcr

(05:08 pm) PeterW -: hey all,+30 nq sim

(05:11 pm) ColinC -: + 10×4 mnq off body of eff corpc

(05:12 pm) IvanM -: +10 es

(05:15 pm) PeterK -: +21 nq eff candle ext done for the night target met

(05:15 pm) RemieW -: +10X10 dax delta at 10688.5

(05:15 pm) DeanC -: paid me a quick +10 nq sim

(05:17 pm) ColinC -: +10×4 mnq rcr off 141 ext

(05:19 pm) SholtoB -: +10 nq live

(05:20 pm) Jonny : +4 es off your call

(05:21 pm) Nicki -: +4 +8 es rev off 141 fe

(05:21 pm) IvanM -: +4 es reversal

(05:22 pm) Lachy : well done all

(05:26 pm) Jonny : +20 nq off your call

(05:26 pm) JohnM -: +8 +15 nq rcr sim

(05:36 pm) PeterW -:  +6×3 nq sim twice

(05:58 pm) MarkB -: +50 nq

(05:58 pm) Nicki -: wow, fabulous MB

(05:58 pm) Lachy : Well done Mark B

(05:58 pm) GregS -: WD Mark

(05:58 pm) RemieW -: Awesome Mark

(05:58 pm) Hilly -: nice one mark

(05:59 pm) PeterW -: Crikey mb

(06:05 pm) RemieW -: +10X10 dax step/b

(06:07 pm) TerryOK -: +10 +20 nq testing rev off 5m 161 fib projection

(06:14 pm) ColinC -: +10 mnq thnx Fred 🙂

(06:16 pm) KeithH -: +15 nq

(06:16 pm) GregS -: +10 nq sim

(06:17 pm) JohnM -: +10+10+10 nq

(06:19 pm) VadimS -: +10 mnq sim

(06:19 pm) PeterK -: +21 nq sim eff

(06:22 pm) SholtoB -: +18 nq live

(06:25 pm) IvanM -: -6 es

(06:26 pm) Wah  -:  +22 mnq

 

Friday 8 May 2020 – Learn to Trade Live Trading Room Text Grab

 

(05:00 pm) AnneS -: +20 dax sim

(05:14 pm) Nicki -: +4 +8 es, rev off R1

(05:19 pm) AndrewH -: +4 es off R1 sim

(05:29 pm) MarkB -: +20 nq

(05:29 pm) ColinC -: +10 mnq

(05:30 pm) StephenC -: +15 x2 nq reversal off the E

(05:30 pm) GarethW -: +20 mnq off the delta 4 weeks ago, i mean 4 bars ago

(05:33 pm) WarrenP -: +25 nq

(05:35 pm) StephenC -: +10, +15 mnq cr live

(05:36 pm) ColinC -: +10 x 4 mnq rcr

(05:36 pm) GaryW -: +8×2 mnq

(05:36 pm) PeterC -:  +10  +0 nq rcr

(05:37 pm) PaulC -: +10 nq clim rev sim

(05:38 pm) Kevin W -: +5 es mdi cont

(05:39 pm) JohnM -: +8 +15 nq rcr off r1

(05:45 pm) RemieW -: +10X10 dax step/b

(05:45 pm) Lachy : +10 dax live ecorpc after retrace – teeth grinder….

(05:46 pm) johnw -: +7 mnq long

(05:56 pm) RemieW -: +10X10 dax delta

(05:57 pm) RemieW -: +20X10 dax delta

(05:59 pm) GregS -: +10 nq sim

(06:02 pm) KenS -: +10 mnq rev off r1

(06:09 pm) Nicki -: +4 +8 es, swing – nice call Fred

(06:11 pm) GregS -: +4×7 +1×3 es

(06:13 pm) MarkB -: +20 nq

(06:13 pm) GaryW -: +10×2 nq

(06:13 pm) JohnM -: +8 +15 nq

(06:13 pm) StephanieL -: +11 nq sim

(06:13 pm) HectorM -: +20 nq

(06:13 pm) KenS -: +20×2 mnq eff sim

(06:13 pm) VadimS -: +25 mnq sim

(06:13 pm) ColinC -: +24 x 4 mnq

(06:13 pm) PeterW -: +18×3 nq including slippage

(06:13 pm) WarrenP -: +20 nq Done for the week. Thanks Fred

(06:14 pm) Lachy : Well done all! Great job!!!

(06:21 pm) AnneS -: +20 nq

(06:21 pm) AnneS -: +10 es

(06:21 pm) ColinC -: +10 mnq rcr

(06:22 pm) johnw -: +15 mnq

(06:22 pm) JohnM -: +12 nq

(06:22 pm) PaulC -: +10×2 nq sim rev

(06:23 pm) PeterC -: Got 2 x reversals off  50% +10×2 nq

(06:24 pm) HectorM -: +20 nq reverse (SIM) scare to reverse live against the trend

(06:30 pm) PeterC -: Boom. It went again  +10 nq

(06:31 pm) ColinC -: +10×4 mnq rcr

 

Well done Traders!!! Let’s keep trading the volatility using one of the best ‘Learn to Trade’ environments I have ever seen!

To me, the Live Trading Room chat log represents one of the only true measures of the credibility of a trading strategy. Why? Simply put, there is no where to hide in a Live Trading Room. For years I have had the privilege of teaching people how to trade the markets really well and my journey continues into 2020. Once again, the chat log above is proof that trading does work, if you approach the right markets, at the right time, with the right strategy and a great team to help you along the way! Well done all! Lachlan Elsworth 

If you are not in the LTR and want to find out more about the IDTA Philosophy and Strategies then please watch our a FREE 90 Minute “On Demand” webinar here. Click here to get started!

 

Lachlan Elsworth and the IDTA Team!

 

Past Performance Customer Caution Notice.** Please note that our member posted results are not independently verified by IDTA, nor can the results be used as an indication of the past performance or the future performance of the strategy. All results must hence be considered hypothetical in nature. IDTA has over 1000 clients in 20 countries and to verify every result posted into the Live Trading Room, on a daily basis, would be an impossible task. Trading days that do not result in a trade being called in the Live Trading Room will be commented on accordingly.