Frank Buttera – Balance Trader – Market Profile Course
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Balancetrader is one of the premier educational sites on the topic of auction market theory and Market Profile.
The course teaches how to analyze and apply dual auction concepts to any market. Most traders do not succeed because they try to find a magic indicator with which to trade, yet fail to realize that the best traders are usually the ones who have a more intricate knowledge of what is going on inside the market. When you can recognize what is happening during the dual auction process, it is much easier to put your money on the line. Otherwise, you are just another participant who is trying to figure out why your indicators are not doing the job.
Complete Course – Content List
Lesson 0 – Introduction
We go over the basics of how the course is constructed and what is required to get the most out of it.
Lesson 1 – Cluster Theory I
Introduction to using auction theory to identify balance cycles, support and resistance levels and trend definition
Lesson 2 – Cluster Theory II
How price reacts at key reference levels. Failure rejection, pass-through rejection and level acceptance.
Lesson 3 – Cluster Theory III
Important relationships derived from Cluster Theory, which will provide the foundations for our most basic, high probability trading strategies.
Lesson 4 – Basic Trade Setups I
The Bread & Butter, Edge, and Double Pass-Through trade setups illustrated over a three day case study.
Lesson 5 – Basic Trade Setups II
This topic continued, day 2.
Lesson 6 – Basic Trade Setups III
This topic continued, day 3.
Frank Buttera – Market Profile
Balancetrader is a trading course, a system and a chat room all rolled up into one package. The focus is on teaching a trading methodology based on Auction Market Theory using price and volume profiles to identify high probability day and swing trades in equities index futures.
The essence of Balancetrader is all about achieving quality trading, not quantity. Most traders think that in order to do well in this business, many trades per day need to be taken. The Balancetrader methodology focuses on exactly the opposite of this. By remaining focused, exhibiting patience and exercising discipline, our goal is to identify asymmetric opportunities in order to maximize our return in comparison to risk. To accomplish this, we take less trades and focus on larger moves. By increasing the amount of money earned by raising position size instead of trading more, this allows us to have very realistic and attainable trading goals.
Course Topics
Determine Market Conditions
Different trading techniques perform differently under different market conditions. We want to trade when market conditions are best for our trading strategy. This may seem obvious to you but it is amazing how many traders as well as system vendors do nothing to *** for this in their strategy. One reason that pure technical trading systems fail is that they try to apply static indicators to dynamic markets which are constantly changing. Balancetrader differs by assessing the market as it is changing, and continually establishing new analysis while making trading decisions based on dynamic variables.
Support And Resistance
Another key element to Balancetrader is identifying key support and resistance levels based on market generated data. It is so surprising how many traders do nothing to implement S&R into their trading strategy. Taking a long signal into resistance or taking a short signal into support is the last thing any trader wants to do. Balancetrader incorporates proprietary methods for determining support and resistance levels using price and volume profiles. You will be so amazed when you learn this topic alone. Your levels will actually scare you in the beginning because you just will not believe how accurate they are. Your increased ability to determine S&R levels will be a key element to maximizing your risk to reward ratio, a key aspect to anyone’s trading results.
Price Patterns
Balancetrader uses three proprietary price patterns to identy trading opportunities. Because these patterns are based on a dynamic view of price and volume profiles, they are not programmable into software. Recognizing these patterns might seem awkward at first, but eventually with some study they will become second nature. If you put the time in to study them, it should not take too long.
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