20 years trading (veteran) Mike Valtos indicators - good or scam ?

I use range bars; typically a five-range bar. I don't think Valtos uses either the 5 or 30 minute to trade but he may have shown a 5 or 30 minute bar in an educational video. He seems to typically use 1 minute bars for some markets but he has repeatedly stated he uses range bars for the bond markets. (they don't move as quickly usually)

I am looking for 5 to 20 ticks (more if I can) and it seems to me a 30 minute chart would likely cause me to miss a lot of quick trades.

 

Those who can, DO, those who can't
resort to selling trading products.

Time in the trading business is irrelevant.
There was a trader on this forum recently,
claiming he has 30 years trading, but at
the same time asking for help on how
to copy a trend line.( are you kidding me?!)

 

I've seen the guy trade live while at the same time teaching. While I am very wary of anyone selling trading products Mike Valtos is one I trust since his tools are just highlighting areas of interest on a footprint chart. No magic indicators. Just tools that help traders identify likely areas of market reversals and indications of when to stay in a trade.

I respect your skepticism and maybe you're right. All I can say is I have tried using the DOM, the market profile, technical indicators, and the volume profile. The footprint chart has been very useful for me personally. It may not be right for others.

 

That's excellent. It's good to hear he's the exception.

 

Did you find these useful ?

 

Doing exactly what? And now he must sell indicators? Does not sound all that successful to me.

 

That's an indicator

 

I did preface that. I wrote "No magic indicators". What I mean by that is almost everything his tools highlight can be seen on a blank footprint chart IF you have decades of experience.

 

What products you have tried ? And what kind of settings here ? Because ZS is far away from what he ever said in his videos. That is why I am asking.
Another thing on 6E what kind of drawdown you can expect when you scalp or how many bad trades in a row you can have based on your valuable experience?

 

I've traded 6E, ZS, and CL. I wasn't too comfortable with CL but I may revisit it at a later date.
The tools work on any futures market. I have seen him trade soybeans in one of his videos. He generally shows the ES or 6E because they are the most commonly traded contracts his customers use.