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That's why they trade only with bracket orders, but NQ and it's volatility are important for learning. A little pain is a good teacher .
Update 4 of 5 have passed first step, the 1 person who hasn't is the impatient one who tends to leap into trades. Not losing money but stuck basically as slightly profitable. Had a long talk with him yesterday and am giving him 1 more month to pass first stage and show that dhe's developing a little discipline.

I've given my 2 ladies who passed first a second system they both felt a little restricted and wanted to try something a little faster. They work together well and seem to enjoy being ahead of the men.

I showed them an Elder Impulse system using 1 min. charts and today they crushed it with 2-20+ ticks wins on the ES and a 100 tick win on the NQ they passed on Ym and are pissed about that.
Super proud of these ladies they are sharks.
Hi Rockypoint,

Just want to thank you for everything. I also very much enjoy your new teaching project. I am very much enjoying the updates and I can't wait for future updates on your 5 students progress ! Really mate !
If I don't mention SL and/or TP = longer-term setup possibly in the works!
For those wondering about elder impulse system heres a chart. It has a 13 period ema, a 65 period ema for trend direction and macd set at 8-17-9. The candles are red when conditions are met for bearish trade, green when bullish and blue is neutral.
Attached Image (click to enlarge)
Click to Enlarge Name: ts5.PNG Size: 90 KB
Done for the day. Scheduling an additional round of interviews for next week looking for 5 more students.
Hi RP.
Thanks for the updates on the project.
The progress of these people, minus prior exposure to trading, is phenomenal.
They seem to have grasped the key aspects of trading pretty fast, such as trading psychology and money management.
What would you say has led to this excellent progress? Is it more to do with the mechanical nature of the system(s) where there are straightforward rules for entry and exit? Are they using a checklist?
Quoting rockypoint
Update 4 of 5 have passed first step, the 1 person who hasn't is the impatient one who tends to leap into trades. Not losing money but stuck basically as slightly profitable. Had a long talk with him yesterday and am giving him 1 more month to pass first stage and show that dhe's developing a little discipline. I've given my 2 ladies who passed first a second system they both felt a little restricted and wanted to try something a little faster. They work together well and seem to enjoy being ahead of the men. I showed them an Elder Impulse system...
You are the only person I know who has ever mentioned Elder Impulse, lol. I have a full set up on a chart somewhere and use one of the indicators on one of my own methods. Awesome...
.
Hola Ickihouse,

Personally the lack of trading experience and to a certain extent knowledge has been a plus. This way I can teach them exactly what I want them to know and emphasize first the psychology, second money/risk management, third market structure and lastly the system.

Yes I think the mechanical nature of the system helps with decision making and yes they have checklists to use.

Also as a PS to CLtrader i've added the 3 bar fractal break to my 2 ladies reportoire. Very true its valuable in 1 min candles.
Actually I think that Elder Impulse is very workable with the volatile indexes.
I am in awe of my ladies this morning, they used the elder impulse system and traded the ES 1min chart like pros 6 trades. 5 winners $185-200 ea and 1 loser $50. They were thrilled.

The men had an OK day they stuck with original system. The ladies spoon fed my one lagger 4 winners, which was nice of them but i told them no mas he needs to stand on his own first before collaborating with others.
Once again the ladies were rocking the ES with Elder Impulse this morning, the 2 men have added this system and tried it today but only about half what the women did, the speed of 1 min. candles was a little daunting for them. I am pretty sure at this point that pupil number 5 will not last, showing lack of patience and discipline. If ladies keep it up they will be funded by early next week they have a ways to go but I think they will make it also. I will look to find a few more students and pair them with the successful ones.
Quoting rockypoint
Once again the ladies were rocking the ES with Elder Impulse this morning, the 2 men have added this system and tried it today but only about half what the women did, the speed of 1 min. candles was a little daunting for them. I am pretty sure at this point that pupil number 5 will not last, showing lack of patience and discipline. If ladies keep it up they will be funded by early next week they have a ways to go but I think they will make it also. I will look to find a few more students and pair them with the successful ones.
Love this ! Don't know what this Elder Impulse is but does the strategy itself help in teaching to develop some skills that early on ?

I have taught a few close friends and family member in the years, but it was a much longer process to get to the point I feel you have taken them already !

Anyways, amazing stuff, keep on the great work and keep us updated mate as long as it pleases you! Very interesting !
If I don't mention SL and/or TP = longer-term setup possibly in the works!
here's a chart with the Elder Impulse system ladies took 2 trades
Attached Image (click to enlarge)
Click to Enlarge Name: ts6.PNG Size: 88 KB
Quoting rockypoint
here's a chart with the Elder Impulse system ladies took 2 trades {image}
Rockypoint, thanks for posting.
MA (should be) 13 - is it EMA, SMA or some other?
Thanks again.
it is 13 ema, you wish to trade only with trend use 65ema as a baseline.
Quoting badeel
today trades mixed win and loss ( summer weather on its peak and load shedding of 16 hours, missed previous two days) {image}
How do you pick the pairs to trade the day? Do you use a currency strength meter?
Quoting rockypoint
People look at the charts I trade, they tend to look similar in certain respects. Biggest thing is stay away from choppy looking charts. Look for periods of movement and consolidation. Above trades had one kind of messy chart USD/CAD. When I open my work space I go through the charts and zoom in from say 11pm to 7am. From there just toss charts that look too sloppy. Then wait for signals or confirmation of signals already showing.
Can you give examples of a sloppy vs good charts?
Quoting xiqat
{quote} Can you give examples of a sloppy vs good charts?
This question is asked numerous times. If you read the thread you will find the answers, repeated several times.
every Saint has a past. Every Sinner has a Future
Quoting xiqat
{quote} Can you give examples of a sloppy vs good charts?
See Post2159
every Saint has a past. Every Sinner has a Future
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