Looking to start a small Forex trading mentoring Group | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

forex mentoring programs 37 replies

Where can I find mentoring??? 8 replies

Mentoring? 17 replies

My Trading journal "mentoring myself" 68 replies

Mentoring 6 replies

Attachments: Looking to start a small Forex trading mentoring Group
Exit Attachments

Looking to start a small Forex trading mentoring Group

  • #1
  • First Post: Dec 21, 2021 3:09pm Dec 21, 2021 3:09pm
I am looking for other traders to form a small trading mentoring focus group with.

I realise that there are plenty quality contributors to be found here, but most of the busy threads here tend to be jam packed full of noise.

Each trader should be reasonably competent in their view of the markets and capable of putting the time into analysing, and offering insight into other trader's trades.

The idea is, that once a small group is formed that understands each others approach, then in addition to the feedback from others, and being nudged to look at the markets from different viewpoints, the group will offer up multiple sets of 'eyes on the market', to each individual trader...I realise that this place offers a similar thing up to a certain extent, but with far too much noise and general b.s. to sift through imo.

I myself have been making serious efforts to get good at trading on a day-swing timeframe, for around 2.5 years, although I have had an interest for longer than that, and paid to do a Trading Course, where I learned how to Tarde, prior to that. I can't make any big claims of great trading success, but I do know that I have a good technical grasp off the markets, and constantly looking to refine and improve...in otherwords, I am generally profitable....at least when operating a small account, with amounts that don't really mean much.

I am not looking for some Mentor who I have to pay.....(I have seen some of those guy's at work, some charging absurd rates and in some cases would consider it more appt that they paid me), I am looking for peers somewhere around the same level as I am at.

Post here, or PM me if interested.
  • #2
  • Dec 23, 2021 6:11am Dec 23, 2021 6:11am
Quoting MatDerKater
I am looking for other traders to form a small trading mentoring focus group with. I realise that there are plenty quality contributors to be found here, but most of the busy threads here tend to be jam packed full of noise. Each trader should be reasonably competent in their view of the markets and capable of putting the time into analysing, and offering insight into other trader's trades. The idea is, that once a small group is formed that understands each others approach, then in addition to the feedback from others, and being nudged to look...
Hey! Interesting post.
I started trading 4 years ago but blew up so many accounts lol. At the moment, I am reading on currency trading, technical analysis and understanding more and more where I did wrong. Well, the psychological factor is hard to grasp. I mainly trade eurusd because it has less noise but occasionally I trade the other majors. My style is day trading but I monitor 4 TFs at the same time. You could say I've learned it the hard way.
Risk Management is of utmost importance!
  • #3
  • Dec 23, 2021 10:08am Dec 23, 2021 10:08am
Quoting RCtrader
{quote} Hey! Interesting post. I started trading 4 years ago but blew up so many accounts lol. At the moment, I am reading on currency trading, technical analysis and understanding more and more where I did wrong. Well, the psychological factor is hard to grasp. I mainly trade eurusd because it has less noise but occasionally I trade the other majors. My style is day trading but I monitor 4 TFs at the same time. You could say I've learned it the hard way.
If you are interested, then say Aye! Only needs to be a small handful of interested parties to make it work.

To get sufficiently good at this, really fkn good, it takes constant study and analysis, which like playing chess against yourself, gets pretty damn tedious, pretty damn quick. A small focussed group environment, will make the process much easier, quicker, and better.......different story perhaps if you are trading meaningful amounts.....I just *thought* I went up $1500 with my first Euro Futures trade in a Topstep $150K evaulation (Free Offer....otherwise wouldn't touch these fker's....odds are HEAVILY stacked against their traders).....that brought a whole different level of intensity and focus to the table, that risking £20 per trade just won't do for me...

.....then I discovered I just added that $1500 to my fucking practice account, not the evaluation account......the intense focus on the markets, the vivid visualisation of the key levels, momentum and force behind the markets, instantly drained away....and I went back to full on procrastination mode, Twitter, forums, etc......checking out charts in my standard low attention span manner.

Need to do this with a group.
  • #4
  • Dec 23, 2021 10:36am Dec 23, 2021 10:36am
Quoting MatDerKater
{quote} If you are interested, then say Aye! Only needs to be a small handful of interested parties to make it work. To get sufficiently good at this, really fkn good, it takes constant study and analysis, which like playing chess against yourself, gets pretty damn tedious, pretty damn quick. A small focussed group environment, will make the process much easier, quicker, and better.......different story perhaps if you are trading meaningful amounts.....I just *thought* I went up $1500 with my first Euro Futures trade in a Topstep $150K evaulation...
Aye! As long as you want me.
You really went far if you traded futures. I am staying away from options and futures for the time being. It's a whole new world to me.
I don't know how much I will be of help but I can give you my own perspective on majors.
Risk Management is of utmost importance!
  • #5
  • Dec 23, 2021 12:09pm Dec 23, 2021 12:09pm
Quoting RCtrader
{quote} Aye! As long as you want me. You really went far if you traded futures. I am staying away from options and futures for the time being. It's a whole new world to me. I don't know how much I will be of help but I can give you my own perspective on majors.
Yeah, I remember your EURUSD Short 'flat breakout' trade idea from a few days ago, and considered it extremely a little naive.....I reckon I would be able to show you the odd tip and trick and that is fine....if I am going into old ground with stuff that I don't even think about anymore with a less experienced trader, then I am still studying, analysing, and reinforcing these key concepts in my own mind.....and that is what needs to be done, continually, if one is serious about getting good at this.

I have set up a Discord Server. With discord, screen shares, video streams, conference calls, posts, charts, messages can be posted at anytime...and of course, stored.

https://discord.gg/WAyXPJWx

n00bTradersRUs

Join that just now and we can arrange a time, probs from 26th Dec onwards, or whenever is a good time, to look at what each of us is doing in the markets, probs best done through past trades, whether they worked or didn't work. There is another forum member who expressed an interest, so I will post the Discord Server link to him also.

P.S. Futures isn't much different from Forex and cfd's, as far as intraday and swing trading is concerned, except you have actual order books which opens up the possibly of order flow based trading.....which I have never really gotten into. Just to be clear, I aint no Pro. I am yet to achieve anything of significance with my trading......but I do know that by now, I definitely have the technical smarts to actually go and finally do something with it. That is where I currently am at.
  • #6
  • Dec 23, 2021 12:50pm Dec 23, 2021 12:50pm
Quoting MatDerKater
{quote} Yeah, I remember your EURUSD Short 'flat breakout' trade idea from a few days ago, and considered it extremely a little naive.....I reckon I would be able to show you the odd tip and trick and that is fine....if I am going into old ground with stuff that I don't even think about anymore with a less experienced trader, then I am still studying, analysing, and reinforcing these key concepts in my own mind.....and that is what needs to be done, continually, if one is serious about getting good at this. I have set up a Discord Server. With discord,...
Well, we should not underestimate the power of bears that is MMs. I said I am seeing a rectangle but some experts are still speaking of a horizontal triangle. If that is the case, the price my hover inside for a few more days.
Risk Management is of utmost importance!
  • #7
  • Edited 7:30pm Dec 23, 2021 6:25pm | Edited 7:30pm
Quoting RCtrader
{quote} Well, we should not underestimate the power of bears that is MMs. I said I am seeing a rectangle but some experts are still speaking of a horizontal triangle. If that is the case, the price my hover inside for a few more days.
If by MMs you mean, lots of 'M' shapes formed by price, then I understand where you are coming from. This is also how I got taught how to trade. Focusing on stuff like candle shapes and patterns, and break outs of trendlines and horizontal supports/resistances, divergences, (urghhh...it pains me to think about it).

After a lot of pain, frustration, and lost capital, I have learned to take all that stuff with a pinch of salt, and focus more on trend, momentum, and most importantly above all else, trade location. Get trade location right, and all that other stuff magically starts to work.

For me, EURUSD had hit a long standing Weekly S&D Zone, and the bias for me on the HTFs, would be to look for long reversals, other than continuations. you may also notice from the chart I posted below, that there is a big price gap between the consolidation flags on the Daily. I prefer my continuation patterns to be framed against previous S&D zones as the previous two examples were. This of course doesn't mean that price can't keep running, but until it breaks out in earnest, one has to consider price to still be in a 'range', which means you effectively Sold at the bottom of the range (and may be forced to buy back at the top?)

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 1.2 MB
  • #8
  • Dec 24, 2021 3:00am Dec 24, 2021 3:00am
Quoting MatDerKater
{quote} If by MMs you mean, lots of 'M' shapes formed by price, then I understand where you are coming from. This is also how I got taught how to trade. Focusing on stuff like candle shapes and patterns, and break outs of trendlines and horizontal supports/resistances, divergences, (urghhh...it pains me to think about it). After a lot of pain, frustration, and lost capital, I have learned to take all that stuff with a pinch of salt, and focus more on trend, momentum, and most importantly above all else, trade location. Get trade location right,...
No, we use MM to speak of Market Makers. The real movers of markets.
Risk Management is of utmost importance!
  • #9
  • Edited Dec 29, 2021 6:29am Dec 28, 2021 5:31pm | Edited Dec 29, 2021 6:29am
We had our first 'session' checking out each other's trades and methods of framing the market and I personally benefited from it.

On the one hand, it is good to see the sort of things that other traders are thinking and how they act in the markets.

On the otherhand, by describing my own shit, it re-enforces it in my own mind, and even opens up new aspects that I forget/overlooked.

imo, everyone who is serious about trading, should be part of a small focused mentoring/idea exchanging group. Plenty talented individuals posting on here of course, but they are grossly outnumbered by the noise and chaff.....and just try getting a focused exchange with one of the talented traders on here....you can't/won't. There is just too much volume and noise.

We currently have 2. Looking for ~10 more. A dozen would be an optimal number imo.
  • #10
  • Dec 30, 2021 5:02am Dec 30, 2021 5:02am
This sounds really interesting. I would like to be involved in this. I think it's great to learn from each other. How exactly can I get involved?
  • #11
  • Edited 6:17am Dec 30, 2021 6:06am | Edited 6:17am
Quoting dean198
This sounds really interesting. I would like to be involved in this. I think it's great to learn from each other. How exactly can I get involved?
Head to here:

https://discord.gg/WAyXPJWx

Just drop in. No password or anything (yet).

Just started the group after XMas, you will see a bunch of chat, and a few screenshots of what mostly turned out to be winning trades. If you have anything to add, or anything you want to discuss or show about your process/methods, just say it.
  • #12
  • Jan 1, 2022 7:19pm Jan 1, 2022 7:19pm
Above linked expired.

New Link: https://discord.gg/4yGq2jw6
  • #13
  • Jan 2, 2022 4:05am Jan 2, 2022 4:05am
May the new year bring us lots of pips!
Risk Management is of utmost importance!
  • #14
  • Jan 5, 2022 5:43am Jan 5, 2022 5:43am
Quoting JackBob
Sounds good. I'd like to join in, is that okay?
Sure. The Discord link above is still active. Just drop in.

If you want to discuss your approach to trading, then please do post a few past trades (winners or losers), or stream a live chart.
  • #15
  • Jan 8, 2022 4:48am Jan 8, 2022 4:48am
Quoting MatDerKater
{quote} Head to here: https://discord.gg/WAyXPJWx Just drop in. No password or anything (yet). Just started the group after XMas, you will see a bunch of chat, and a few screenshots of what mostly turned out to be winning trades. If you have anything to add, or anything you want to discuss or show about your process/methods, just say it.
Old Link Expired. (they do so after 7 days....for some reason)

New Link: https://discord.gg/rjcRqSsg.
  • #16
  • Jan 9, 2022 8:10pm Jan 9, 2022 8:10pm
im new to the trading world i really want to work with you guys so we can share our trading strategies !
  • #17
  • Jan 11, 2022 4:58am Jan 11, 2022 4:58am
Quoting Dave300
im new to the trading world i really want to work with you guys so we can share our trading strategies !
New Member?

1 Post?

Replying just to this thread?

Join if ya want and ye might be shown a trick or two....but you would need to have a decent pre-existing grasp of the markets otherwise what we talk about will go completely over your head.
  • #18
  • Jan 11, 2022 5:03am Jan 11, 2022 5:03am
Quoting MatDerKater
{quote} New Member? 1 Post? Replying just to this thread? Join if ya want and ye might be shown a trick or two....but you would need to have a decent pre-existing grasp of the markets otherwise what we talk about will go completely over your head.
He might just be the right person for you to mentor. Fresh blood, unspoiled vessel, no connections. He could be your apprentice.
Risk Management is of utmost importance!
  • #19
  • Jan 11, 2022 5:23am Jan 11, 2022 5:23am
Quoting RCtrader
{quote} He might just be the right person for you to mentor. Fresh blood, unspoiled vessel, no connections. He could be your apprentice.
I aint no pro!

Not having someone blame me for years n years for filling their heads with some trading misconceptions that I might have without even realising it.

Aim of Discord group is exchange and fleshing out of ideas and approaches to the market.
  • #20
  • Jan 11, 2022 7:42am Jan 11, 2022 7:42am
Quoting MatDerKater
I am looking for other traders to form a small trading mentoring focus group with. I realise that there are plenty quality contributors to be found here, but most of the busy threads here tend to be jam packed full of noise. Each trader should be reasonably competent in their view of the markets and capable of putting the time into analysing, and offering insight into other trader's trades. The idea is, that once a small group is formed that understands each others approach, then in addition to the feedback from others, and being nudged to look...
The idea is great….following forex for years…I realized that the major problem most of us has is trading capital that is not attached to emotion and to some time to trade and do other thing…,however…since I started using Genius Trading Bot which is hand free…even $100 account is tradable…
0 traders viewing now