I was asked about my room on private email, so i thought i would reply on the blog to save repeating myself...
Yes we have only been going for a week and a successful week as well...
The room is guided by the MBC who are my trading team...We evaluate each market and make decisions as they appear on the London Open.
My ethos is not about tipping but making sure everyone understands why they are taking a trade... For instance half the room went short of the DAX (90) etc on friday and the other half didn't..Most went long of gold (45) and crude (105) and some didnt.. We evaluate it together so u understand the risks and then you decide if you want that risk in your book, but we at least make you very aware of the high probability trades out there...
We will be posting the charts and trades that we take but as i said it doesnt mean that the whole room has taken the trade. Most novices made over 100 pips last week which is ok and many of my MBC made over 600 which is a little better. Still a lot of room for improvement but a good start nevertheless...
This room is building and the confidence on friday was outstanding from the whole group...I am hoping to build on this for next week and looking forward to it. Remember we are not into scalping and i honestly say that i couldnt be bothered about the odd 10 pips here and there.. One sniper came in and didnt like it as he wanted to be in and out of trades in minutes... I dont class that as trading personally and know vvvvvvv few who could actualy say they are good at this and make money from this.. I am looking for constructive trades that are going to make me decent pips and my success for my students speak for themselves.
You should all have an aim of 500 - 1000 pips a week. I drive myself for this each and every week and so do my MBC trading team...It goes without question we wont reach it every week (due to market conditions) but this game is about positivity, confidence and reality. Drive and determination make me succeed.
Good luck and happy to help.
Dan007
Yes we have only been going for a week and a successful week as well...
The room is guided by the MBC who are my trading team...We evaluate each market and make decisions as they appear on the London Open.
My ethos is not about tipping but making sure everyone understands why they are taking a trade... For instance half the room went short of the DAX (90) etc on friday and the other half didn't..Most went long of gold (45) and crude (105) and some didnt.. We evaluate it together so u understand the risks and then you decide if you want that risk in your book, but we at least make you very aware of the high probability trades out there...
We will be posting the charts and trades that we take but as i said it doesnt mean that the whole room has taken the trade. Most novices made over 100 pips last week which is ok and many of my MBC made over 600 which is a little better. Still a lot of room for improvement but a good start nevertheless...
This room is building and the confidence on friday was outstanding from the whole group...I am hoping to build on this for next week and looking forward to it. Remember we are not into scalping and i honestly say that i couldnt be bothered about the odd 10 pips here and there.. One sniper came in and didnt like it as he wanted to be in and out of trades in minutes... I dont class that as trading personally and know vvvvvvv few who could actualy say they are good at this and make money from this.. I am looking for constructive trades that are going to make me decent pips and my success for my students speak for themselves.
You should all have an aim of 500 - 1000 pips a week. I drive myself for this each and every week and so do my MBC trading team...It goes without question we wont reach it every week (due to market conditions) but this game is about positivity, confidence and reality. Drive and determination make me succeed.
Good luck and happy to help.
Dan007