hi everyone,
i had recently the chance to test the 'MK livestream' provided by SME FX (founded by Djamal), and would like to share some of my thoughts about it.
a disclaimer: this review is my own private take, reflecting my own views, and made with the intention to help to give an idea to others wondering what this offer is all about.
general:
it is important to understand that i did not have access to the "MK web" which shows automatic screenshots of the H1, H4, and day charts as well as additional markets such as oil (so please keep that in mind for this review!).
the MK "live stream" version includes live streaming of 6 charts, EurUsd, GbpUsd, EurGbp, GbpJpy, UsdJpy, AudUsd.
on the "live stream", all this is H1 ( the hourly timeframe).
as many people know, there is a lot of free information about MK in the forexfactory thread and on the FractalFreak/Djamal's two YouTube channels. the SME FX website also features a free forum among other things...
on the website, there is also a video course available (it has to be purchased) which covers the "meta levels" of the MK.
additional note:
I had the pleasure to get an insight into the meta-levels via a Skype session with Djamal ( as a courtesy for a fellow trader, since we know each other for a while), and wow, what can i say, it should be worth it!
generally, the charts on the "live stream" are like the ones posted on the FF thread, but having a screen divided by 6 of them (my monitor is a 'normal size', 27 inch), they tend to be a little bit on the small size. obviously, the MK web shows all charts and these can be magnified, but again, i did not have access to these.
sometimes bcos of the price scale not zoomed automatically, it becomes a bit of guesswork to where exactly the stops would precisely be if one has the "live stream" access only (the commercial version includes both, the 'MK web' and the MK "live stream").
once again, without knowing all the details (the video course?) it is a little harder to use it.
there is also a live chat for the "live stream" users in which people often make trade calls. some of them tend to have very accurate forecasts.
the use:
i think for me there are 2 different ways to use this tool,
1. trade toward the stop/pending orders, when the price comes near enough, so it becomes likely to be heading for those. the retail(DM) buy/sell positions could also be helpful, ideally it is a move against their direction.
while there isn't a holy grail, i would have to say SME FX's software very often get these lines spot on hit.
2. trade away from the stop/pending orders, sort of wait for them to be hit to fade the move, expecting some reversals. since i am a reversal scalper, it can come handy not to get into a position too early, if there is near a closer of stop/pending orders, but safer to wait for them to be taken out, a better entry timing.
once again, there is no holy grail out there, the price may continue further, or miss the lines, but seemingly more often than not if those lines are near worth to consider them!
the price:
GBP 546 for 3 months (approx USD 680)
GBP 325 for video course ( approx USD 400)
thus for the 3 months start out cost is about 1080$ with everything.
would it be worth it?
hard to tell, really depends on the individual.
for someone new to trading, or have low equity ( probably less than 5-10k) i dont think it would make too much sense as it would be a large chunk from their capital.
for someone with experience and decent equity, @ 15$ a day approx, it can be a very useful tool, that if the entry or exit just a couple pips improved can pay for the privilege to use. the question: are you ready to exchange 2 grande frappuccinos for a tool that can help to make money?
final summary:
it is a totally unique tool, nothing alike i ever came across. it can be a very useful addition to a trader's toolbox. (wish the video course would be part for the sign-up package though since it is very unlikely someone will be able to get the most out of this tool without a full explanation anyway.)
Thank you Djamal for the opportunity to test it, and wish you great success with it going forward!
happy trading!
Zoltan
i had recently the chance to test the 'MK livestream' provided by SME FX (founded by Djamal), and would like to share some of my thoughts about it.
a disclaimer: this review is my own private take, reflecting my own views, and made with the intention to help to give an idea to others wondering what this offer is all about.
general:
it is important to understand that i did not have access to the "MK web" which shows automatic screenshots of the H1, H4, and day charts as well as additional markets such as oil (so please keep that in mind for this review!).
the MK "live stream" version includes live streaming of 6 charts, EurUsd, GbpUsd, EurGbp, GbpJpy, UsdJpy, AudUsd.
on the "live stream", all this is H1 ( the hourly timeframe).
as many people know, there is a lot of free information about MK in the forexfactory thread and on the FractalFreak/Djamal's two YouTube channels. the SME FX website also features a free forum among other things...
on the website, there is also a video course available (it has to be purchased) which covers the "meta levels" of the MK.
additional note:
I had the pleasure to get an insight into the meta-levels via a Skype session with Djamal ( as a courtesy for a fellow trader, since we know each other for a while), and wow, what can i say, it should be worth it!
generally, the charts on the "live stream" are like the ones posted on the FF thread, but having a screen divided by 6 of them (my monitor is a 'normal size', 27 inch), they tend to be a little bit on the small size. obviously, the MK web shows all charts and these can be magnified, but again, i did not have access to these.
sometimes bcos of the price scale not zoomed automatically, it becomes a bit of guesswork to where exactly the stops would precisely be if one has the "live stream" access only (the commercial version includes both, the 'MK web' and the MK "live stream").
once again, without knowing all the details (the video course?) it is a little harder to use it.
there is also a live chat for the "live stream" users in which people often make trade calls. some of them tend to have very accurate forecasts.
the use:
i think for me there are 2 different ways to use this tool,
1. trade toward the stop/pending orders, when the price comes near enough, so it becomes likely to be heading for those. the retail(DM) buy/sell positions could also be helpful, ideally it is a move against their direction.
while there isn't a holy grail, i would have to say SME FX's software very often get these lines spot on hit.
2. trade away from the stop/pending orders, sort of wait for them to be hit to fade the move, expecting some reversals. since i am a reversal scalper, it can come handy not to get into a position too early, if there is near a closer of stop/pending orders, but safer to wait for them to be taken out, a better entry timing.
once again, there is no holy grail out there, the price may continue further, or miss the lines, but seemingly more often than not if those lines are near worth to consider them!
the price:
GBP 546 for 3 months (approx USD 680)
GBP 325 for video course ( approx USD 400)
thus for the 3 months start out cost is about 1080$ with everything.
would it be worth it?
hard to tell, really depends on the individual.
for someone new to trading, or have low equity ( probably less than 5-10k) i dont think it would make too much sense as it would be a large chunk from their capital.
for someone with experience and decent equity, @ 15$ a day approx, it can be a very useful tool, that if the entry or exit just a couple pips improved can pay for the privilege to use. the question: are you ready to exchange 2 grande frappuccinos for a tool that can help to make money?
final summary:
it is a totally unique tool, nothing alike i ever came across. it can be a very useful addition to a trader's toolbox. (wish the video course would be part for the sign-up package though since it is very unlikely someone will be able to get the most out of this tool without a full explanation anyway.)
Thank you Djamal for the opportunity to test it, and wish you great success with it going forward!
happy trading!
Zoltan
there is always, always another trade!!
