Day Trading Tips and Tricks

July 22, 2013

Erich Senft

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Phil M.

My trading history is over 12 years from utter beginner to now a seasoned trader – with some flaws. My journey to Indicator Warehouse (IW) has been long and arduous – but a great learning experience. I was recommended to IW by a close colleague and I must say it has been a solid recommendation. I knew what I was looking for from IW – but put them through their paces of “selling me” a product/s. I have taken into my suite of tools DTS Falcon and Trade Manager. I expect great things from both these tools. During the sales pitch, I was (from long experience) waiting for the hyperbole to kick in (“This is the greatest indicator ever supplied – it’s worth Millions $$”), you know the usual stuff. Instead I got a firm but low key message of its capabilities, some pertinent demonstrated facts and figures and some provable examples of Falcon in action. Erich Senft treated me with respect and courtesy, he answered every question without hesitation and he held the company line when I pushed for things I didn’t really expect to get. Erich is a professional with whom I hope to continue a relationship with over the years. As for the rest of the IW team, Ben Letto (Support) exhibits the same professional and friendly service. I get a good sense that this group of people (IW) have a common approach to doing business and a calculated style of imparting the true value of their services. Many thanks for the truly professional approach you are taking towards me as one of your clients.

UPDATE: 7/22/2013

The signal generation of the DTS (Falcon) is superb, and this linked with the Mean Renko bars provides the most visually stable platform I have used in my trading career. The stop strategies and the profit targets seem to have been well thought out. I have found these strategies to be amongst the most consistent I have ever used. Erich and Ben are the most professional providers within this industry grouping. They are courteous, helpful and very knowledgeable and they take time to explain things about the DTS system with the utmost care. Therefore all together these points make my recommendation of DTS very very valuable to me. I had begun to believe that all systems had major inherent flaws and that trading was to a large extent a lucky dip. But with DTS (Falcon) I have now reached a level of consistency that now leads me to think that luck – although a factor in trading is not that important – I think the DTS system and Erich’s teachings on Profit Management are critical to my success as a trader. Consistency is the major problem that DTS has helped me overcome. With this consistency my trading account is starting to show finally some positive signs. Previously it was a more down than up proposition. I had almost lost FAITH in my abilities to make a living from trading. Now I believe that (with the help of DTS) trading can be my life’s work.

July 22, 2013

Erich Senft

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