Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

alibaba5055

Special Theory of Price Discovery (STOPD)

Recommended Posts

Has anyone of you used this STOPD written by Lawrence Chan of Neoticker ? Please share your views or opinions about the same.

 

 

Special Theory of Price Discovery (STOPD) | DaytradingBias.com

 

Auction Based Trading Markets Are Unfair By Design

Most of the trading markets nowadays are open auction markets. Auction markets are designed to favour players with intimidating position size capacities.

 

Read STOPD to learn the truth and start to observe market behaviour in a totally different way.

 

The Structure is Hidden in Plain Sight

Classic technical analysis suffers from fragmented trading setups and incoherent interpretations, making it difficult to apply in real-life situation.

 

STOPD provides you with a framework to read the markets fluently as if you are holding onto a GPS at a crossroad.

 

The Key to Profitability is the Exit Not the Entry

Price pattern recognition and trading setups give you trading entries but failed miserably in providing the all important target zones to exit your trades.

 

STOPD gives you the structural target when price reacts at structural price level – taking out the guesswork and improve your profitability quickly as it can be integrated with your existing trading strategies easily.

 

Thanks

Share this post


Link to post
Share on other sites
Has anyone of you used this STOPD written by Lawrence Chan of Neoticker ? Please share your views or opinions about the same.

 

 

 

 

Thanks

 

No, but I do know that many people waste lots of money on things like this.

 

You may have an easier journey if you invest time and effort in a careful statistical study of the market you wish to trade rather than vendor products.

 

BlueHorseshoe

Share this post


Link to post
Share on other sites

The Hierarchy of available information. Ordered by value, given extra visual stimulation by scaling font size with value.

 

1. Understand how much you don't know.

 

2. Information gathered from unbiased personal collection.

 

3. Peer reviewed scholarly articles.

 

4. Internet Forums.

 

5. PUBLISHED books (physically published).

 

6. self published E-books

 

Also note internet forums can vary hugely, but the good information is out there with the bad.

Share this post


Link to post
Share on other sites

>Auction Based Trading Markets Are Unfair By Design

Most of the trading markets nowadays are open auction markets. Auction markets are designed to favour players with intimidating position size capacities.<

 

This is true but plenty of free info out there already on topic. As noted above you would likely be wasting $$ and time randomly downloading unverified ebooks online. (Been there, done that!) :)

 

Search for resources on reading the tape/order flow and you can tap into this area easily. A good 'required reading' for all traders is 'Reminiscences of a Stock Operator' where the shenanigans of early 1900's Wall Street are still being played out (more easily) on the electronic exchanges. This book can be found for free online but best version IMHO is the illustrated and annotated Edwin LeFevre version. A beautiful and valuable book.

Share this post


Link to post
Share on other sites

Hmm. I'm not saying that the guy doesn't know something about the market, but like others have pointed out here and elsewhere, there really is a lot of good information on the internet for free. The way it's been phrased, the guy has identified the very nature of the market and knows exactly how it works. So making money with his method should be a breeze right? But then why have a marketing website in order to sell this method at all? Why charge CAD 55? Without knowing who the guy is, buying one of his ebooks is a bit of a stab in the dark. There seems to be plenty of stuff on his website which you can read for free though so why not look at that first?

Share this post


Link to post
Share on other sites

Thanks for your valuable replies guys. I appreciate it a lot. :)

 

This guy is actually the owner of Neoticker and he mentions that he works a lot with the big institutions and have done lot of research work for them. That's why I thought that maybe I should ask the opinions of fellow traders on the forums about his research work. He has got a few other research papers / reports for sale on that site as well.

Share this post


Link to post
Share on other sites

He posts his weekly predictions based on his STOPD levels here:

 

Weekly Outlook | DaytradingBias.com

 

I want to know whether he has EXPLAINED the method / reasons / logic behind these levels and other stuff that he posts on daytradingbias. Why and how he calculates these and what are the practical importance etc ?

 

Or we simply have to believe in these levels without having any understanding of what they are and how are they calculated etc. ?

 

Does those paid pdf books contains the proper explanations or not ? If anyone has got these pdf then can you please answer that.

 

Thanks a lot

Share this post


Link to post
Share on other sites

Given the content of your posts, you appear to be eager to spend your money on stuff like this and it's unlikely that anyone is going to be able to stop you.

 

But this is just plain old AMT: locate the range, find the midpoint and call that "0", then find first and second levels of S&R and label those "+1/-1" and "+2/-2". Otherwise it's the same old waffle: if and when price hits S, it will bounce, unless it doesn't, in which case it'll fall (flip for R).

 

There are boatloads of posts on AMT here, and it doesn't cost anything.

 

Db

Share this post


Link to post
Share on other sites
Thanks for your valuable replies guys. I appreciate it a lot. :)

 

This guy is actually the owner of Neoticker and he mentions that he works a lot with the big institutions and have done lot of research work for them. That's why I thought that maybe I should ask the opinions of fellow traders on the forums about his research work. He has got a few other research papers / reports for sale on that site as well.

 

People who are fortunate enough to work in the research departments of big financial institutions are compensated to the tune of hundreds of thousands (and sometimes millions) of dollars per year.

 

Why would such a person therefore expend time and effort trying to pedal software or systems to retail traders like you or I for a few hundred dollars? It just doesn't make sense, does it?

 

BlueHorseshoe

Share this post


Link to post
Share on other sites

No idea about this product but this individual seems to be a rather serious professional. Blue, I take just the opposite view: I suspect that those traders/vendors who are doing their own research, developing on tools, etc are much more likely to be successful then the majority of traders who just go by what they've read online or in popular books. Of course, one has to learn to identify the marketeers from those who've put a lot of time in and work into their 'trade craft'.

 

I've no relationship to this Chan individual, for the record.

Share this post


Link to post
Share on other sites
People who are fortunate enough to work in the research departments of big financial institutions are compensated to the tune of hundreds of thousands (and sometimes millions) of dollars per year.

 

Why would such a person therefore expend time and effort trying to pedal software or systems to retail traders like you or I for a few hundred dollars? It just doesn't make sense, does it?

 

BlueHorseshoe

 

Actually the funny thing about that is quite frequently their research information is available for free.

 

e.g. Marcos Lopez De Prado from tudor investment corp.

Share this post


Link to post
Share on other sites

Strength of opinion seems proportional to ignorance. Ain't the internet wonderful.

 

Have a look at Chan's free stuff. There is lots of it and if his way of thinking seems to fit yours then pay for the product - you might get an insight that would take you years of watching markets tick up and down if you got it at all.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • NFLX Netflix stock, with a solid top of range breakout, from Stocks to Watch at https://stockconsultant.com/?NFLX  
    • NFLX Netflix stock, with a solid top of range breakout, from Stocks to Watch at https://stockconsultant.com/?NFLX  
    • It depends. If you have lots of money that you can buy a house without a loan and if you don't have any parents to sponsor then it is a good idea. Otherwise it might be a bad idea depending where in Canada you are heading to. I earned a good middle income in my home country and I migrated to Vancouver 5 years ago at the age of 35. I had to start right from the bottom, lowest of the low.. Now i am finally earning a middle income in Canada but I still cannot afford to buy a one bedroom apartment. Having left behind friends, family and home, most of the times I think it is not worth it.   In short, do not migrate if you already have a good life in your home country and you are happy. Only migrate to Canada if you really have to leave your home country say there is a war or something really bad. Discrimination still exists here and its really tough for newcomers unless you are super rich. Good luck. David Chong, Quora  
    • This is bigger than the internet. Bigger than mobile. Bigger than social media.   While everyone was distracted by stock market fluctuations and political theater…   Most people have NO IDEA what just happened last week with ChatGPT.   Their new memory feature allows ChatGPT to remember EVERYTHING about you across all your conversations.   Think about that for a minute...   While most tech companies have been collecting mere breadcrumbs about you - your likes, your clicks, your browsing history - OpenAI is now collecting the most valuable dataset in human history: your complete psychological profile.   This is Zuckerberg x 5,000.   The more you use ChatGPT, the more it understands you, becoming a supercharged reflection of yourself that improves at an exponential rate.   Are you a regular ChatGPT user?   Consider whether it’s time to turn off the “you can train on my information” feature. To prevent your data from being used for training while still using the memory feature:   Disable Model Training: Navigate to Settings > Data Controls. Toggle off "Improve the model for everyone". Manage Memory Settings: Go to Settings > Personalization > Memory. Here, you can: Turn off memory entirely. Delete specific memories. Use Temporary Chat for sessions that won't be saved or used for training. Now the investment implications…   Why This is Bigger Than You Think Consider this: the relationship between humans and ChatGPT is evolving beyond a mere tool.   People are now treating these AI assistants as friends, confidants, and even romantic partners.   I'm not making this up - there are already documented cases of people ending real human relationships to pursue “connections” with their AI companions.   A viral Instagram meme shows a person going through life with a glowing, featureless humanoid figure - representing ChatGPT - as their companion.   The post has over 1.1 million likes and comments like "Bro ChatGPT is like my best friend. Ain't even ashamed to say it" with 25,000 likes.   But here's where things get really interesting for investors and entrepreneurs...   Three Things to Watch For starters, hardware is the next big thing for the big players.   The iPhone form factor is dead.   It hasn't meaningfully changed in nearly a decade. The next evolution in hardware will be designed specifically to interface with these AI companions.   OpenAI is already working on hardware with Johnny Ive, the legendary designer behind the iPhone and iPod. But you can’t ignore Elon Musk’s edge here.   So what does all of this mean for you?   The companies that control the personal AI relationships will be worth trillions. OpenAI and Elon Musk will have the coziest moats. We're witnessing the birth of a new internet - one built on agents that can communicate with each other across platforms. Google's new agent-to-agent protocol allows AI agents to work together without sharing internal memories or tools. The hardware companies that create the perfect interface for these AI companions will dominate the next decade of technology. And almost nobody is talking about what this means.   My prediction? Within five years, most people will have a personal AI that knows them better than anyone else. And they will interact with it in ways that seem foreign today.   (And, yes, it will almost certainly have dystopian elements.)   In the meantime, the biggest gains won’t come from household names. And, right now, James is seeing a prime opportunity to invest in the most under-the-radar plays in AI…   For dirt cheap. By Chris C. Source: https://altucherconfidential.com/posts/use-chatgpt-protect-yourself-now
    • KBH KB Home stock, nice day and rally off the 50.82 support area, from Stocks to Watch at https://stockconsultant.com/?KBH      
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.