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brownsfan019

Brief Review of Jack Broz of the Marlinletter.com

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Website: http://www.themarlinletter.com/

 

I received an email to join Jack Broz's chat room today for a free viewing (albeit brief). I have to say that in the many different chat rooms that I've visited over the years, I was impressed with Jack's. You can tell this guy knows his stuff and he's tapped into the floor. You always hear about what 'they' are doing and this might be the closest you can get to 'them' w/o being on the floor yourself.

 

As I said, this was a very brief viewing of his room and was there to wet the appetite. If I was a newbie or looking for a room that could provide some insight that you simply cannot get on your own, I would consider trialing Jack's room. He offers a few different options, but it sounded like the open-close chat room was really the sweet spot of what he's selling. For $500/mo, it's not the cheapest thing around, but I guess that could easily be made up with just a couple trades if the room proves worthwhile.

 

Again, I was in there briefly - maybe 30 minutes if that - and was watching while I was trading. There is a trial (not free) but if you just mention that you were on the online webinar on 2-28-08, he will give you a discount off the trial period.

Please do your own due diligence before placing any real funds at risk. And if anyone does trial his room, please report back here for the rest of us.

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FYI, I used to tune into the market vu show a few years ago. This is when I found out about Jack Broz who would call S&R levels every morning on the bond markets. The market vu show was a good educational program for me during my early years until Financial Broadcasting Network took over it. Alot of good traders have moved away because of it. Not sure if Gary is still broadcasting for them but used to love the marketvu show.

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Funnily enough I have just watched a couple of JB web casts you can find them at CBOT. His trading style seems pretty simple but quite intuitive. (I have a level at 53 there is a volume peak at 48 I'll put a limit sell at 50 and 56 and see if they get filled) Its always hard to guage what the intuitive guys are up to.

 

JB trades against his levels (looks pretty standard S/R) and peaks in the days developing volume histogram. As brown says he is pretty plugged in to the floor (more so on the Bonds I would guess). He seems to have taken a pit style of scalping for a handful of ticks based on order flow and S/R and transplanted it to the screen.

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Funnily enough I have just watched a couple of JB web casts you can find them at CBOT.

 

Thanks very much BF. Have not heard of him before but will check these out.

There is a small index of webcasts on the CBOT site here if anyone else wants a look.

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I watched every video/webcast by Jack Broz, read each of his articles and listened to every podcast by him when I was really into reading order flow. Even though he knows what he is talking about (reading order flow), he admitted in one of the podcasts that I listened to that he isn't a terribly profitable trader. He makes the majority of money from those people paying him $500 a month for this service (like most guys who sell you books/software/services/advice). He said himself that his service is more a kind of floor commentary than trading advice. So he is just some kind of Squawkbox of the bond markets.

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I was waiting to see how this thread was developing before I added to it.

 

Jack broz is a great guy. His chat room is on all day long giving you the open prices (pit) on bonds, spoos and the dow. He gets S/R levels from the floor, any kind of news or if any big boys (commercials) are in the pit making a big play....etc, etc.

He will display his trade navigator platform and chart on the hottcom screen for you to watch...he will put in his trades and draw trendlines, but it is a sim account...

I have found the numbers to be good at times....news reports and pit action is good to know. In the room he will call out trades by saying " for those who are long here, I'd watch out for ........ and if you're short, you probably want to be out by ....." ---- so you really need to have a good plan of what to do as you approach these S/R numbers, even tho Jack will have a long/short bias based on the floor.

I spent a one week class with Jack Broz in Chicago on the floor and followed with 3 month chat room---really pretty cool...but I went with his partner who only does the bond market but with more of a methodological plan...

Hope this helps.

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Every summer I target something new to learn, I always wanted to catch up with Bonds. I use them in my intermarket and money flow analysis, have never traded Bonds futures and would like to do some learning first.

 

Jack Broz comes recommeded from the floor. Any alternatives, advise feedback will be well appreciated.

 

Thanks Minoo

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