I want to make you rich and I am going to give you $1000

Sadly most people find trading very challenging, no one made it through the first round. The company providing the funding stopped offering funding and the good idea died. I have to conclude that a lot of people here are just starting in their trading career and have a lot to learn.

the problem is trader´s, especially beginners, want everything fast. Trading is not fast money and with a small account it is even harder. You always have to see the overall picture with funding accounts, so what is the ultimate goal not the first hurdles. You can master any challenge with the right approach.

I completely agree with you, I was contacted by a chap the other day that was without a job and had put $100 into his trading account only to have lost it. He had been reading Baby Pips and trying to use the strategies there. He asked me for advice and I told him to forget trading, it is really a very hard business, it takes ages to get it right and even then you do need a very strong mindset to keep risk under control.

Sadly, many people think that they will make a fortune trading but in reality they will pay for their brokers new Porsche. I would say that the majority of trading information is flawed or just plain useless. Unless you apply your mind to time and study cycles you will never make it in trading. The saying the trend is your friend is true, but unless you know where the trend might end you are going to be going long right at the top or bottom.

So this morning i expected the EURUSD to push further down till about 9 to 10 am chart time



So I am waiting for a retrace up to sell, I want to join the market makers and smart money, many retail traders are now short the EURUSD trying to follow its momentum down, where are they placing their stops? Where would you place your stops 1.14860 its the last swing high on a M5 chart. Most new traders sell the low and buy the top, you have to do the opposite. Ask yourself where were the market makers buying the EURUSD, if you cannot see that then you can't trade. 1.14386 is a area a low might form in if you want to catch the push up, it might not run too far but there are a couple of pips in it.

I will shout when I take the short.

1.150 and 1.15050 look like a great zone for me to short in, it is not because this is a .618 pull back although it is, that's not the reason for the level

The DOW trade is still active my stop was above 24000 which was indeed touched as expected. My target on the DOW is about 600 to 1000 pips. My cycle has confirmed the down move and I am looking to add into my short,When I get a signal I will shout.

23969.38 would be a nice level to short from


This week I will be testing our strategy on the various pair, our aim is to provide about 1 signal per day on about 10 different instruments, eg DOW SP500 DAX FOOTSIE, GBPUSD EURUSD GBPJPY GBPAUD OIL GOLD SILVER, You will often get 1 signal on each a day so that would be 10 signals a day on average a typical DOW trade would be 200 to 1000 points with about a 150 point stop, the SP would be the same typical trade duration 1 to three days. People can sign up and get the complete package just take the trades you want. Before we go live we will beta test so my email is on my home page get in contact if you want to be notified of our start date and on the list. I only need 20 people to test out the signals so it will be the people that already contacted me. FF have limited my PM'S so I can only send one every 24 hours, my email address is on the about me page

I am adding to my existing short trade on the DOW for those of you that want to join in I am selling 23920.63 stop 24060 target 23718.56.

If the DOW falls the AUDJPY and other Yen crosses should also fall I am selling 78.17 on the AUDJPY target 77.56 stop 20 pips above entry

Selling the AUDJPY at 77.90 20 pip stop target 77.56

Faark
This dow trade is torturous.
May Gann & the stars be with us !!!!

Closed Dow for small loss good stop loss target, I understand no system will give us a 100% strike rate.
Look forward to your updates.

The trade on the DOW failed hence the AUDJPY as well, sometimes you don't get a tradable turn as was the case for this one, as I said it is about 90% accurate. When they fail the trick is to realise that they failed and now you have to either rejoin the move buying or wait for the next cycle point which is about the 2221st or22nd Jan 2019

When I started trading I used fib levels, if one failed I would sell at the next one


Doing this I racked up massive losses, finally coming to understand the market does have cycles, if I am wrong I am wrong once.

lets look at the DOW with the idea the cycle up is still in progress, so what you need to do is buy low.

I am looking to BUY the DOW at 24035.2 or 24000 target 24227 so a trade of about 200 points the stop will be 100 points below entry giving a 2:1 RR trade.

EURUSD POTENTIAL LOW POSSIBLE

I am hoping that the EURUSD pushes down to 1.134 or 1.133 by the 18th Jan 2019, this is the level where I would consider a potential long trade once we see a reaction up

Attached Image (click to enlarge)

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I am expecting the low between 3 am and 12 mid day

I am expect a level of 24896 to 24900 on the DOW for the top, before we move down, no retrace today so I did not get in.

I just went long on the EURUSD at 1,13620 I expected the cycle into day between 3am and 12 mid day its now 6 pm the price level 1.13543 was exceeded by 1 pip so far

DOW SHORT TRADE SETUP

22nd 1 2019

My cycle date for the DOW arrives on the 22nd Jan 2019, as we got a really strong push up on Friday into a new high this gives me confidence that a cycle is in existence. The cycle if it was perfect would hit exactly at mid day GMT, a gap up on SUnday night would also suggest a fall. The price level for the DOW are 25118.20 or 25579.07

As this should be a fairly big move we can wait for the market to turn before selling. I will wait to make sure we have a turn before calling a short trade.

Sometimes for reasons that are related to the starting point of the cycle it is not possible to correctly identify the position where a cycle will begin. For this reason I have to also include the 23rd Jan 2019 as this is also a valid date. Price action will show us where and when the cycle is, the price levels are still valid.

If the cycle lands a little later than 25776.9 is also possible.

Hi Hurst..
Am i too late for reading this now?
Is the chance still available?
If it only for 1 month trial, even my 3 months PAMM account has already pass it..

Sorry that offer expired about a year ago

looks like move down has already started, dropped 160 pts in last 1.5 hours on Sydney open

Ah, i see.
That's okay.. We haven't destined for crossing path yet.

As you all know my cycle for the DOW is the 21st 22nd Jan, interesting that we got a lunar eclipse over the weekend and the Hong Kong market tanked. I am also looking at the DAX my level is 11209.71 for a sell trade often we get a move back up once people think the market is going up because we were in an up trend.

If the DAX level is correct very likely this level will turn to the pip a 40 pip stop should certainly be enough

The DOWS level is 24687.21 for a sell, again a stop a little above the top again if the level is right the reaction is often to the pip.

looks like Dow has turned again, rather a short ...short :-)

I find it better never to trade the actual cycle point but rather the retrace back up to it, this has two benefits, firstly you can see the market has changed direction, so you have a better chance you are right, the first move is often retraced and all that happens is you watch a winning position go back to zero, I find this hard to do.

Trading the second move is much easier, you can go mining for the trade levels, you know where to place your stop, as the high or low has already formed. Often these moves will be a minimum of 7 days or longer so no need to worry if you miss the actual turn the second bite of the cherry is just a short wait away.

A good place to look for a second top is 40 hour after the first top or the turn made at the cycle point.

Ideal Move Setup



As we all know you are trading against the banks, so lets think like a bank. If the banks really want to sell they will want all the traders off the move. Many new traders sell the low of the Asian / European session with a stop on the high of the day, or buy the high of Asian / European session stop on the low.

This allows us to workout where the market wants to go, if they sent it straight down all the traders that sell lows would get in and the break out traders going long would not get pulled into the market.

If they send the market down first the break out traders selling the low of the European Asian session are pulled in short, now they reverse the market and take it back up to pull the break out traders going long into the game, the short sellers are stopped out, the traders going long have their stops in the opposite position under the European Asian low. So no short seller on board they send the bus in the opposite direction having made the money from the guys going short. Now the guys going long are triggered the banks then take all their long positions off them and sell hard sending the market down and taking out the low.

In this way the banks pick up all the orders they need and have minimal baggage of traders running with them.

Think like a bank and trade with them not against them.