FAQ

 

Over the years most of the routine questions we get have been in the form of who, what, when, where, why, and how interrogatives. Below is a list of questions asked by traders evaluating whether or not DTG membership would be a good fit for them.  Over the next several pages are questions and answers about the DTG service.

 

I see you offer order flow education and live trading on a monthly basis, may i have more details?

Our order flow education is not a recorded order flow video course, but rather a whitepaper which is a focus of discussions in our member only forum.  The whitepaper is dense and can be read in an hour or two; most members end up reading it multiple times.  DTG’s focus is not specifically order flow, but rather we help traders improve their trading.  We discuss order flow, price action, support and resistance, volatility, volume profiles, risk, and many other subjects pertinent to our member’s day trading. We encourage our members to take the trading components we discuss and build their own methodologies that fit their trading personalities (which often is much different that what a member believes it is when they join).  We encourage our members to journal their trading in the DTG forum, which provides us with an avenue for identifying trading issues and addressing them either in the forum, or through live interactive discussions (which are often recorded as member only videos) in our chat-room.  The member journals enable our members to learn not only from us, but also from other members.  Our chat-room is not a live, trade calling room, but rather a place for DTG members to interact among themselves and the DTG partners during the trading day.  Since 2010, DTG has built a large repository of trading knowledge in our member forum and videos.  A list of current videos can be found here (some are public; most are member-only):

 

 

We offer one membership called the DTG Platinum Membership which provides access to everything DTG.offers.  The DTG chat-room is not a separate service.  If you’re interested in a trade calling chat-room, then we recommend the MrTopStep IMPro room.  Some traders join DTG and check us out for a month, quit and move on.  We have other traders that have been members for years and the DTG dojo is a part of their everyday trading life.

 

Can you confirm that you teach a successful orderflow trading methodology?

Orderflow is tool and much like any technical indicator, it can be used as a component of a complete trading methodology.  DTG does not provide a specific methodology, rather we provide mentorship to help our members build personalized methodologies.  No discretionary trading methodology is going to work for you unless you understand, know the whys, and believe it will work for you.  Can I confirm that I use orderflow as part of a successful trading methodology?  Yes.  However, what works for me personally may not work for you.  My discretionary decisions will most likely be very different than yours.  Thus the DTG service is about helping our members ‘discover’ what works for them.

DTG teaches a trading framework based on the trading concepts of support and resistance, order flow, and price action. Under our guidance, DTG members take those components, decide on risk models, develop their own methodologies, trade, adjust and tweek until they have a personalized methodology they know inside and out and can trade successfully. That’s our process, we do not teach a predefined, ‘one size fits all’ order flow methodology.

 

Please tell me about your performance report. Is it a day trading or overnight trading?

By “performance report”, I assume you mean a track record of a specific methodology.  We’re not teaching a specific methodology at DTG, but rather we mentor traders with a focus on support and resistance, order-flow, and price action discretionary trading.  We help traders develop methodologies and risk-models that fit their trading personalities.  We are not a trade calling service and each of our members have different results.  A few have become consistently profitable and several are now professionals (one teaches other traders at a prop firm). DTG’s focus is on intraday futures trading.

 

Is there any trial available before I join?

Our service is a small monthly price, so we do not offer a trial.  You’ll know within a month or two whether or not you want to make the commitment to be a discretionary day-trader.  It can take years of work, much like earning a black-belt in a martial art or becoming a professional in any sport…

 

I have a life time license with Ninja. Is there a way to make an orderflow chart that is comparable to the Market Delta or DeltaPrint orderflow that you use on the blog?

Google “Ninja footprint charts”.  There’s several plugins available.  The fin-alg.com Final MarketBalance plugin is the only one licensed to use MarketDelta’s footprint patent.

 

Would you recommend me to subscribe to DTG if I don’t have a PnF chart yet?

You can certainly do a lot of reading and learning without PnF charts.  In fact, some of our members do not use PnF charts or footprint type charts.  Footprint type charts are used to visualize volume data at each price and read order flow but it’s just one tool of many in discretionary day trading.  I do recommend studying, building a trading plan and then simulation or paper trading before committing real money to futures day trading.  Because of the leverage in futures, real money introduces psychological issues not present for most when simulation trading, so it’s best first to build confidence and profitability in your simulation day trading before committing an initial small amount of capital to it.  It’s kind of like learning a martial art.  You’re going to need knowledge and practice to take on black belts and the markets are full of black belts…

 

I’m based in the UK and trade predominantly EuroStoxx50 and the Bund. i was wondering if a) you cover any of these markets (b) even if you don’t would it make sense to subscribe to your service?

We use the S&P 500 e-mini futures (ES) as our primary market for which to demonstrate our trading concepts.  Thus the support and resistance information and educational examples we publish each day are based on the ES.  That said, our trading concepts are not tied to the ES and work in any market.  We have members that post trades in many markets. Currencies seem to be popular currently.

You probably would not get much value out of the chat room if you didn’t want to consider adding the ES to your stable of markets to trade, and our chat room is not the main focus and just an adjunct to what goes on in the member forums.  However you most likely would benefit from creating a journal in our member forum, sharing your methodology and posting your trades daily.  We’ll help you work through identifying and correcting issues.  Our service is one of passion, a place that allows us to talk shop with other passionate traders; $149/month is most likely very cheap compared to what’s made or loss on individual trades…

 

Found your website while googling. Please send more info about your Live Trading Room, e.g. room hours, video or chat, trades called out in R/T, trial, cost?

The DTG live trading room is an adjunct to our trader mentoring service which is done in a forum format.  The trading room a place where DTG members can interact with each other during the trading day.  The room is monitored by a DTG founder generally from about 8:30am EST to 4:00pm EST.  The room is primarily text based, although occasionally we will use voice chat and may share live charts for educational purposes.  DTG is NOT a trade calling service.  Our methodologies trade from support and resistance and as such, we’ll point S/R areas out in chat as the unfold over the trading day.

The DTG trade room is included with DTG Platinum membership which is $149/30 days.  We do not have a trial.  If you are looking for a live trade room with live charts and professional traders calling out trades during the US trading session, then I would recommend the MrTopStep ImPro trading room:

 

IMPro Trading Room

 

What is really the best approach for maximizing my understanding of your site?

The members who get the most out of DTG are the ones who journal in our forum.  This allows us to mentor and provide daily feedback.  We have a methodology whitepaper in the forum which is the place to start.  Then I would suggest reading through a few months of example trades, the active journals and viewing any member videos which have topics that might interest you.  If you have InvestorRT, you can automatically display DTG S/R levels on your charts.  The daily trade plan worksheet commentary points out where the key price area within the levels reside.

 

If join your chat room do you guys run charts live for like crude and ES etc and do you offer education w the room or is that separate?

We have a chat room, but it’s primarily for member communication and for members to ask questions.  We are not displaying live charts on a daily basis, but use them from time to time for teaching purposes.  If you want live charts, MrTopStep’s IMPRO room would be a better choice.

The DTG service is primarily forum based, supplemented by recorded webinars.  Our focus is day-trading support and resistance, order flow, risk management and intraday swing trading.  We help our members work through their own trading methodologies.  The ES is our primary example market.  We publish ES support and resistance areas each morning with comments suggesting where and how to look for trades (these areas are also good for scalping, but we do not teach scalping).  Each day an ES trade is selected as an example and annotated on a chart.  We have many years of educational example content.

 

Please do you offer help with trading?  I lost a lot of money.

Yes, we offer help with trading.  However, I’ll tell you right now that discretionary day-trading futures is not for most people and is one of the most difficult endeavors you’ll ever take on because most trading issues are psychological.  Also, futures are highly leveraged instruments, so losses can add up very quickly, especially for an under-capitalized account.  Longer term swing trading or position trading using less leverage instruments (e.g. stocks) is much easier to find success (but not something we focus on at DTG).  Our most successful members usually have several years of experience behind them before working with DTG and are looking ways to reach consistent profitability.  Success takes a good amount of screen time.

Your losses are gone, an expensive education.  Don’t throw good money after bad.  If you’re going to continue learning and trading, do so using paper or simulation accounts.  After all, if you can’t make money paper trading; what makes you think you make money trading real money?

 

I am using GOMI Volume Profile with Ninjatrader, is it OK or that do I need MD or InvestorRT and AMS DeltaPrint?

Charting software does not matter; any volume profile can give you the needed insights into support and resistance areas.  For reading order flow (i.e. using a footprint chart), there are now many charting packages which can do it.  I’ve personally moved from Ninja charting many years ago to MarketDelta Charts (which was built on Investor RT prior to Dec 2016) and have never really looked at or evaluated other charting software footprint capabilities.  InvestorRT is a superior charting package, but it’s pricey so I can understand the need for cheaper alternatives.

 

Next: Who are you?

 

 Posted by at 1:45 pm