BalanceTrader II – For Advanced Traders by Frank Buttera Free Download – Includes Verified Content:
Frank Buttera – BalanceTrader II – For Advanced Traders
BalanceTrader is a comprehensive package that combines a trading course, a system, and a community chat room. The program centers around teaching a trading approach grounded in Auction Market Theory, utilizing price and volume profiles to pinpoint high-probability day trades and swing trades in equity index futures.
The core philosophy of BalanceTrader emphasizes quality over quantity in trading. Contrary to the common belief that success requires executing numerous trades daily, this method advocates for a more selective approach. By practicing focus, patience, and discipline, the goal is to identify asymmetric trade opportunities that maximize returns relative to risk. Rather than increasing the number of trades, the strategy targets larger moves and grows profits by scaling position size, leading to achievable and realistic trading objectives.
Course Topics
Determine Market Conditions
Different market conditions favor different trading methods. It’s crucial to engage the market only when conditions align with your strategy. While this may seem obvious, many traders and system vendors neglect this principle. Many purely technical systems fail because they apply fixed indicators to a market that is continuously evolving. BalanceTrader stands apart by constantly evaluating the market’s current state and adapting analysis and decisions based on dynamic variables.
Support And Resistance
A vital aspect of BalanceTrader is the identification of critical support and resistance levels derived from market-generated data. Surprisingly, many traders ignore integrating support and resistance into their strategies. Avoiding long entries near resistance or short entries near support is fundamental. BalanceTrader uses proprietary methods to determine these levels using price and volume profiles. You’ll be amazed by the precision of these levels—initially, they might even seem uncanny. This skill will greatly enhance your risk/reward ratios, a crucial factor in improving overall trading performance.
Trend Analysis
Although trend analysis may seem straightforward, it’s worth reconsidering whether your current approach is effective. Many traders rely on momentum-based technical indicators, which, as mentioned earlier, don’t handle dynamic markets well. BalanceTrader defines trends differently, adapting its trend identification to the prevailing market conditions. Once you learn this method, you may find yourself moving away from traditional moving averages altogether.
Price Patterns
BalanceTrader employs three unique price patterns to spot trading opportunities. Because these patterns depend on a dynamic interpretation of price and volume profiles, they cannot be programmed into standard trading software. While recognizing these patterns may feel challenging at first, with practice they will become intuitive. Investing time to study them will accelerate your mastery.
Prerequisites
BalanceTrader isn’t a black-box system. Instead, it teaches you to read market structure through price and volume profiles and make informed trading decisions from that understanding. It does not rely on traditional technical indicators or timing tools. Some traders choose to trade entirely without indicators, while others use BalanceTrader as a filter alongside their existing systems. For beginners, it is recommended to combine this method with a timing strategy for trade entries and exits. Despite its name, BalanceTrader is adaptable for any timeframe and works effectively as a trend trading system that enters trades on pullbacks.
