Trading Site Review - I Have Been a Member Of This One For Years (watch video)

May 17, 2008 11:42 AM

There are probably hundreds, maybe thousands, of paid trade services that supposedly can make you money trading. I am normally very skeptical of them but there a small handful that I find very good. It is difficult to find a service where they are actual traders, and not simply trying to sell their service. Unfortunately, you normally have to pay for their service, try incorporating it into trading, get crushed, and find out what they are saying is all a bunch of nonsense. Therefore, I wanted to do some reviews of services that I find to be the real deal.

Tradestalker is one of them by a trader and for traders. The service is from Mike Reed and he has been a trader for nearly 30 years. I have personally read is pre-open and intraday comments for many years. He has an uncanny way of knowing piviotal points in the market, and I have learned a great deal from him and his methodolgy.

If you would like to watch one of his trading videos and watch him trade and listen to what he was looking for and why, here is the link: LIVE TRADING VIDEO. There are 5 trading videos to watch along with a radio interview he did on CFNN.

Like I have mentioned, I have been a member for many years, and find his insight very useful and review his thoughts to see if I may be missing something, or he has a different take on what is going on. While the videos give you an idea on some of what he does, you need to sign up for the delayed Trial feed to understand his numbers. He gives specific numbers for the SP Futures, Dow Futures and Nasdaq Futures for both support and resistance, and sometimes updates them with the cash numbers, if they appear critical.

He also will allow you to read his intraday comments for paid members after the market closes for free for as long as you wish. While this may not help you for that day, you can look back and review what he “saw” and gradually learn from a pro type trader.

Free PDF, “Guide to Support and
Resistance Trading”. Free Unlimited Trial. Click here for FREE Trial

Oh, and he doesn’t spam you with emails. If you sign up for the Unlimited Delayed Trial for Free, you get that after the market closes and that’s all. No junk email bugging you to sign up.

Here is an example of support/resistance numbers that is part of his daily newsletter to get prepared for the trading day. He also has comments on how to react to them as well along with intraday comments via live instant messaging on what he sees going on. Again, he is a trader, not simply someone who is selling some razzle dazzle trading method.

June 2008 SP futures resistance
symbols: emini = esm8 / big contract =spm8

1425.50-1426.00
1428.00
1431.50-1432.00
1437.50-1438.00

June 2008 SP futures support
symbols: emini = esm8 / big contract =spm8

1420.00
1415.00-1414.25
1410.00-1409.50
1407.50-1407.00

June 2008 Nasdaq futures resistance
symbols: emini = nqm8 / big contract = ndm8

2037.25-2038.00
2042.00
2049.50-2051.00

June 2008 Nasdaq futures support
symbols: emini = nqm8 / big contract = ndm8

2029.25
2020.00-2018.50
2005.00-2003.75
1995.25-1994.25

June 2008 Dow futures resistance
symbols: emini = ymm8

13002-13008
13022
13045-13052

June 2008 Dow futures support
symbols: emini = ymm8

12966
12930-12927
12885-12883
12872-12869

June 2008 Russell futures resistance
symbols: emini = er2m8 / big contract = er2m8

743.60-744.00
745.10
748.00-748.40

June 2008 Russell futures support
symbols: emini = er2m8 / big contract = er2m8

740.30
738.60-738.30
734.10-733.80
732.20-731.80

Written by Tom@StockBlade.com · Filed Under SP Futures

Comments

2 Responses to “Trading Site Review - I Have Been a Member Of This One For Years (watch video)”

James on July 19th, 2008 8:33 pm

It’s good to know there are real traders out there somewhere who aren’t shills. thnks for the link, very interesting fellow.

J.M.
Tom@StockBlade.com on July 20th, 2008 7:51 pm

No problem James. I have learned a lot from him over the years. It is mostly where I got my “numbers” bias from, but I do not exactly view things the same as him. Then again, he has traded for 20 years, so best to listen to what he has to say, not me, lol.

My difference from most anyone is i believe in FIRM numbers, while most nobody else does. The reason for this is it reduces guessing and emotion. If it clears, it clears. Period, move on. But that is how I view the markets while probably nobody else does.

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