Can you show us screenshots of your entries and exits and also of the history in your account. Yes there are a lot of scams around so we need to build trust here we want to see successful trades, preferable a myfxbook link.
Geometric Trading Method - You Have Not Seen This Before.
Can you show us screenshots of your entries and exits and also of the history in your account. Yes there are a lot of scams around so we need to build trust here we want to see successful trades, preferable a myfxbook link.
I'm asking for $50 for the first 10 users ! It's a crazy price for what I am offering. $500 is 2 trades for me. If you want to see what's its about then risk $50 bucks ! Honestly it's a better risk than a scalp
When I started trading I paid $3K for my first course and then $199 a month for a trading room.
My account is private, its got many more trades than I show here and has my autotrade system mixed in. I am deliberately not showing price levels here so there is no way to match up the trades anyway.
In any case I am not selling signals, I am selling what I have discovered and my charts (which cost $200 a month in software just to run).
I did copy some manual trades to separate them from live account last year for a while, results can be seen here but I don't give anything away that will allow people to try and reverse engineer my trading.
https://www.myfxbook.com/members/yag...manual/3467148
I'm not trying to rip anyone off. $500 for 10 users is nothing to me. But its enough to test the water and see how it goes and then we take it from there at a higher price for new users.
If the interest isn't there, then it's no big deal to me. The whole point is to reduce my stress from trading each day by myself by shifting my risk and being able to reduce trading size and frequency. Trading is very hard work as you probably know.
- #24
- Edited 8:40am Apr 26, 2020 1:11am | Edited 8:40am
- | Commercial User | Joined Oct 2018 | 125 Posts
Ok here is a nice example of support / resistance and time working on the Friday close.
Friday close is always a dangerous time to trade as the weekly bar is about to close and it will often want to close at a certain level (unkown to me). This is a 5 minute chart and you can see the slow but consistent move upwards - it's an unusual move. Interestingly the move started on a well known time/price line.
I have labelled the successful support and resistance hits in green, the failed levels are in red.
The beauty of this system is that stops can be kept really tight, 2 pips but often its just a matter of waiting for the next bar to open and seeing if it opens above support / below resistance and closing manually for less than the stop out.
And this is my big worry - that if the system gets out into general knowledge and is used by many traders, then it will become a target for the market makers and liquidity providers risk management teams. Once that happens fake outs become like fish hooks, hooking you into a trade on the wrong side.
This is why I am asking everyone to sign an NDA and will be limiting the number of people I take on. Once a system becomes general knowledge it's toast, it becomes a target and also market efficiency naturally kills it.
There was a time in the 70s when you could make a million bucks with an MA cross, then as the retail traders got cheap personal computers in the 80s (a Commodore 64 would do it) the market started to become efficient to MA crosses. The same has happened with many famous systems. If you know about them, then they probably don't work anymore.
So as much as this is about people trusting me, its about me trusting people ....
Friday close is always a dangerous time to trade as the weekly bar is about to close and it will often want to close at a certain level (unkown to me). This is a 5 minute chart and you can see the slow but consistent move upwards - it's an unusual move. Interestingly the move started on a well known time/price line.
I have labelled the successful support and resistance hits in green, the failed levels are in red.
The beauty of this system is that stops can be kept really tight, 2 pips but often its just a matter of waiting for the next bar to open and seeing if it opens above support / below resistance and closing manually for less than the stop out.
And this is my big worry - that if the system gets out into general knowledge and is used by many traders, then it will become a target for the market makers and liquidity providers risk management teams. Once that happens fake outs become like fish hooks, hooking you into a trade on the wrong side.
This is why I am asking everyone to sign an NDA and will be limiting the number of people I take on. Once a system becomes general knowledge it's toast, it becomes a target and also market efficiency naturally kills it.
There was a time in the 70s when you could make a million bucks with an MA cross, then as the retail traders got cheap personal computers in the 80s (a Commodore 64 would do it) the market started to become efficient to MA crosses. The same has happened with many famous systems. If you know about them, then they probably don't work anymore.
So as much as this is about people trusting me, its about me trusting people ....
- #31
- Edited 10:54pm Apr 26, 2020 10:03pm | Edited 10:54pm
- | Commercial User | Joined Oct 2018 | 125 Posts
Hi Awaheed,
Ok got you there. Keep an eye on this thread for instructions this week. Hopefully this time next week we will have a trading room up and running.
DK - Remember I'm not selling signals - I'm selling charts and there are different opportunities on those charts everyday. You can scalp, spot trade or intra day trade. Not so much multi day swing trading though. Scalping is hard work due commissions. Spot trading is the better way.
The best way is to say to yourself - I'm just going to watch the show. I have a projector in my lounge room and my office that projects the chart onto a wall. That way I can keep an eye on it all day long. I wait and watch and when something jumps right out at me and all the stars have lined up and it's at a low risk - then I will take a trade. When the confidence is higher, the size can then be higher. You might get 2 or 3 of those moves per day. Patience is key. You can find a cheap new projector on ebay or a good second hand one ... it really helps to be able to relax and be patient, treat it like a boring movie.
Here is a nice move on open this morning - it was 8 pips from entry to break out, you would have a 1.5 pip stop with an accurate entry. I didn't take at as I don't trade the Asian session as a rule, but its an example of how the charts are working. Remembering that it was an empty chart over the weekend - it's a beautiful thing to see price start drawing on Monday and immediately reacting to the lines.
Ok got you there. Keep an eye on this thread for instructions this week. Hopefully this time next week we will have a trading room up and running.
DK - Remember I'm not selling signals - I'm selling charts and there are different opportunities on those charts everyday. You can scalp, spot trade or intra day trade. Not so much multi day swing trading though. Scalping is hard work due commissions. Spot trading is the better way.
The best way is to say to yourself - I'm just going to watch the show. I have a projector in my lounge room and my office that projects the chart onto a wall. That way I can keep an eye on it all day long. I wait and watch and when something jumps right out at me and all the stars have lined up and it's at a low risk - then I will take a trade. When the confidence is higher, the size can then be higher. You might get 2 or 3 of those moves per day. Patience is key. You can find a cheap new projector on ebay or a good second hand one ... it really helps to be able to relax and be patient, treat it like a boring movie.
Here is a nice move on open this morning - it was 8 pips from entry to break out, you would have a 1.5 pip stop with an accurate entry. I didn't take at as I don't trade the Asian session as a rule, but its an example of how the charts are working. Remembering that it was an empty chart over the weekend - it's a beautiful thing to see price start drawing on Monday and immediately reacting to the lines.
{quote} Ok thanks, you can count me in. So would you short when price touches the green/pink line at the top? Is that how you trade it?
I can explain more of course once when we are setup in a trading room.
- #39
- Edited Apr 28, 2020 12:22am Apr 27, 2020 11:37pm | Edited Apr 28, 2020 12:22am
- | Commercial User | Joined Oct 2018 | 125 Posts
So when will your group be starting? I cannot wait!
Looks like I might need setup a VPS, stream my screens to the VPS and then setup a read only VNC connection for users to connect to the VPS. For chat a Telegram group.
Working on it !