Hiatus

Hi guys,

As you all know, I have had a very busy summer and have not traded very much. I have been placing my focus on my practice and have expanded into several new areas. The outcome has been a strong increase in business and a great interest and passion in my medical research and practice.

My split focus on trading and practice these past years has had a major impact on my income, and not for the better. I have had a major drop off from a very successful practice due to my strong interest in and focus on trading. My five years experience in day trading nowhere near compares to my thirty years of experience in medicine. In other words, I am a far better doctor than a trader and thus, my income potential is far greater (at this time) as a physician.

I have decided to stop trading altogether for the time being. I am very excited to see where my one pointed focus leads me. I am letting go of my charting programs and data feeds for now. This doesn't mean that I will not miss trading or will not eventually return. I am not entirely sure how I feel about this or what will be the outcome.

I wanted to write and let you know what is going on. I hope this blog has helped you in your training as a trader. It has been a pleasure serving you and I hope to return someday.

Your friend,

Bryan aka MGTrader

Short of the Value Area High

Hi guys,

It's been a while since I posted a chart. I have been super busy this summer with my medical work and traded very little. It's taken me two weeks to start to get my edge back as I was really rusty. One thing I did was too simplify my charts. I was having trouble managing all many charts and having a real difficult time reading them all.

One thing you will notice is that I removed my Footprint charts. It was too much to process as I was so out of practice. I kinda wanted to see how I could do without them anyway. It worked really well on Friday as I had my confidence back and read the market pretty well.

I hope this helps. I am sorry to have abandoned you for the past several months. I hope you had a great summer also.

MG

Kam Dhadwar's Trading Intensive

Hi guys,

Here is another trading class that might be of interest to you. I have had the opportunity of attending two of Kam's courses and he is the real deal. He has taken Market Profile and Market Delta and put it into a real learnable and tradable system.

Kam is a great guy and a great teacher. Most importantly: The bloke makes money consistently and can teach you how to make money at trading. I have learned more than a few things from him that have aided my trading and my bottom line. If you have an interest, I suggest you check out the link below and also take a free trial in his room. You'll get a real clear idea what Kam is all about and if his style is suited to you.

The class is a three day intensive entitled Advanced Online Traders coaching. It takes place from October 2 to October 4th. For full details visit:http://www.l2st.co.uk/coaching/3Days%20Online%20Intensive%20Coaching.html

MG

Week Long IOAMT Class

Hi guys,

I'm back from a long summer off. I am trying to get my trading groove and timing back. As I do, I will have some new and hopefully informative posts for you.

I recently downloaded Market Delta 10 beta 4 and if offers some cool improvements. I will share some of them as I get used to the new additions. Its a really great program that keeps on getting better and better.

On the education front, Bill Duryea is presenting his week long training program. Check out the flier above. As you all know, I am a big fan of Bill and the Institute of Auction Market Theory. If you are serious about learning this work, there is no better teacher out there then Bill. No has taught me more about trading than him. He has helped me to truly (and effectively) analyze the action of the markets and to aggressively act on my inferences.

I hope to find the time to be at the class myself. I know this stuff pretty well and I always still learn something from the guy. He absolutely amazes me with his understanding.

That's it for now. Its great to be back.

Be well,

MG

Sorry For The Lack Of Posts

Hi Guys,

I have had anything but a quiet summer. I started two businesses in the past month and have had a slew of guests staying with us. I haven't spent more than a few minutes watching the markets these past several weeks.

I hope to be back in action in the near future as things quiet down a bit. It should get easier, but you never know. I'll let you know. Thanks for all the support and your kind posts.

MG

Short From The High

Hi guys,

I wanted to show you the evolution of a trade I took today. I only had a few minutes to trade today and I got lucky that a good opportunity was present in my limited time. Start from the top picture to see what I was seeing and thinking and check out the pictures below to see my exits.

The top picture shows how dramatically delta momentum had faded on the move to the top. I had great certainty that we would get (at least) a small pullback, so jumped in with little concern.

Even with the big move up, and how much the day looked like it might be a trend day, I just didn't fully believe it. I scaled out after 3 pts at the 1 SD of VWAP. I wanted a profit in case this was just a small pullback. However, I really thought there would be more available on this move. I didn't really think the market would sustain a trend move following such a big gap and up move.

I hope it helps,

MG

Long From Low

Hi guys,

Here is a nice trade I took this morning. I wanted to show you all of my reasons. With all I was seeing, it didn't feel 'scary' at all to take a counter trade long even though it really looked like the sellers were in control and ready to put in a new low.

I got in at 966.50 as I really wanted to get in close to the key low of 966. I took 2 pts off (in case I was wrong). I got 4 pts each on my other two contracts near the vwap.

Have a great day tomorrow.

Hope it helps,

MG