pipware.com

I think nsteve does raise a fair point in this regard - overburdening yourself is not the answer. At the same time, I think there is an opportunity here to build a tight-knit collective of traders who could learn and grow and prosper together.

I have suggested this to you in the past, stratman - perhaps an intermediary step from here would be the establishment of a forum which could be dedicated to trading approaches based on the dashboard, with a heavy emphasis on your style of trading.

We could have a few threads on your different trading approaches, and try to collectively deconstruct it. I would be also be happy to actively collate all of the training information that you have provided (and I'm sure others could contribute too), and perhaps you could clarify or give additional pointers when you feel up to it. That way, your input could be to the level you desire, with no burden on you to actively train people. There is also the potential for mutual benefit in this setup in that, by deconstructing and categorising your trading style, you may learn more about what works and what doesn't. The skype room is okay, but it is really hard to keep track of information that has been shared as it gets lost in past chat history. A forum doesn't have that problem, and people are able to post images that remain there permanently.

I'm fairly new to trading, about 9 months experience, and followed your thread for a while. Your dashboard is an excellent tool that provides very useful information in a tight package. It is interesting to see how your style evolved over time from relying heavily on technical indicators (i.e. THV) to a more naked approach. I am very interested in watching such a discussion evolve and to participate if you'll have me.

I would suggest that you make any such forums away from this site and possibly on pipware.com, exclusive and tight-knit as you propose. It appears you are approaching each trade in various ways at one time, from analyzing the longer term trend, drawing lines, determining where to draw those lines, how to lineup the longer trend info with shorter trend, analyzing the swings both long and short, looking at the EMA bounce, defining what is a good bounce and what isnt, or why it is a good bounce, etc. Each item listed is an entire subject/topic in itself and would take hundreds of hours for one person to try and explain (as you said, it is hard to put in words).

You should utilize the groupthink of those following your trading. Your videos provide a huge window into your thinking already and we could use those to begin a theory of why/how you are trading and create a road map of your strategy.

This type of approach could be useful as 1) it demonstrates how others perceive your thought process, wrongly or rightfully, from your actually trades; 2) the group can deconstruct your thoughts from your videos which saves you time; 3) you have a place to give pointers or clarification instead of trying to rationalize everything you do saving you time( as mindsphere stated); 4) it ties a group to your style as they are going through your very thoughts...together they are learning how to think/view trading as you do...a hands on approach that will bring a team closer to you than purely lecturing; 5) allows for team/group trading opportunities using live desktop sharing to test and trade what they learn/theorize.

Hordane, Mindsphere ...

Good ideas. Once I finish this software contract (next Friday) I can start putting something together. Let's keep discussing this here until then.

Great post/ideas (all of them).

+1 on the suggestion for an outside forum. No good reason for Stratman to be clumped together with the parasites.

wow..."parasites?" who are the parasites?

Commercial forum members

i guess your signature says it all. why the aversion to commercial members?

You must be new around here .

Forgive me, I'm not trying the ignore your question, but I don't want this thread to veer off course. Suffice to say, the quote in my sig is from the owner of this website.

i am new...was much "newer" some time ago; but now im starting to crawl. i take it most or some of the commercial members here are worthless.

Hi Stratman,

Have been following the thread, though not as actively as before. I have had a rough patch and as such was keeping a low profile.

On the trading front, I must say I had good results some months back following your strategy of trading away from the EMA on the 5M and 15M TF. However, I realized that trading on shorter TF can be very taxing both emotionally and psychologically, plus a full time job which gets neglected when trading and as such I went looking for trading on higher TF. Unfortunately, as of now I haven't settled to any system that suits me perfectly. Over the period of time, I 'think" that I have also started deciphering charts and like to keep them uncluttered with only one SMA.
I like your idea of starting a small trading community wherein we can all prosper. Presently, I am debating whether to go back to trading on Shorter TF where I had a better success with instant gratification or continue looking for system on the higher TF.

Maybe an entry to your trading club would help me in deciding the route that I should take.


Cheers
Novice198

Let's keep discussing ideas.

I need to decide whether my future trading will include involvement with other traders in the forex community. I am not motivated by gaining financially from my fellow traders. What I need is something that keeps my interest without lot's of involvement and benefits me as well.

I need a balanced win/win situation.

To be clear ... the idea of taking a small profit from others is just one idea. A better solution is where my personal trading benefits from my interaction with others. Although I like teaching, it becomes quite taxing when I get overloaded with questions from struggling traders eg private messages, emails, skype etc

Hi stratman
I have often though about using Jing, but I am wary of installing the Microsoft .Net software. I notice you use Jing, and it looks by all accounts quite easy to use. I run XP Service Pack 3, which I think is also your operating system. Are there any problems with installing MS .Net, or is it in general, "a good thing to do" for other reasons?

I am using Windows 7 now but had no probs with Jing on XP.

With .Net .. I always have it because I program in C#.Net and used Microsoft Visual Studio installed.

Hello Strat

An Idea would be to trade via a Webinar type setup like citrix, Traders will get to see you trade real time. The session can be recorded, so they can play it back at their leisure to relook certain aspects. You will be able to trade realtime, without being burdened by having to "type" answers or post charts while in a trade etc etc ... it all being recorded automatically. Once a session is complete just group mail the link to the video.

To avoid being swamped by "newbs", all members to the trade group will have to "audition" by submitting one video of a trade (demo or live account). This way you can get a feel for quality. You do not want traders who are asking, which folder the indicator goes in .....

The trade group will be subscription base for a period of time (membership) or just a one time payment (this is to weed out the lazy ones or those not committed) (a la dashboard) & you will get the percentage of the trade ( your track record for winning, proves that you will be giving high probability setups). A time period for this "percentage" payment will be worked out ..... it will not be much, unless the account size is sizable, so this may not be very lurcative.

You will have a mail group/private forums for members to download stuff, but not much discussion, as most communication will occur thru the webinar.

Members will continue to use this forum as the primary location, as this will encourage new prospects

Under custom user title of this forum, fellow traders will have a title "Straman Trading Group - 5%"... (okay ....maybe that's pushing it).

The idea will be to keep the administration as simple as possible, yet allow you to trade without being encumbered with to much setting up

Some of us might not pass the audition part tread.

Ah ... it is not about passing, but it will be effective in allowing to gauge the skill level of the trader in terms of overall knowledge. Statistics of a traders is fine, but nothing beats hearing the thought process when trading. it could be a successful trade or the anatomy of a failed trader, but you want to get into the mind of the trader

You want people who can take what you are doing and make it their own, and not complain "well i did exactly like you said and it did not work".

I belonged to a group that used a similar method, it was refreshing to have discussions on trades and not deal with basic question eg .. Candlestick Setups, TrendLines.

Remember, the benefits you gain from trading in a group like this is based on the overall skill of the group. If you instructor is bogged down with the mundane, then learning his method becomes difficult. If he has to stop and explain, Pinbars, Insidebar, Outside bars ...tops and bottoms. If a trader is paying for the service then he the instructor) will be obligated to a certain degree to educated the trader. At the same time, it will be less time spent on the actual trading and method.

My time is GMT + 8
No daylight saving time
How to find the set

I think a webinar is not an ideal solution for what Stratman wants to do. From his posts he wants something more hands-off whereas a webinar will consume near 100% of his time while trading to ensure it is working, handling questions, etc; plus it limits who can participate due to time restrictions.

I still think a private forum community is idea as it minimizes the time he needs to layout plans and answer questions; that's what the members of the community are for. It also allows for "newbs" to become indoctrinated on his trading style (fill an empty clean vessel is easier than emptying a full one, scrubbing it clean and filling ). It further allows for tight control of the group where he can place trusted members as moderators to keep the day-to-day task; delegate the direction he wishes discussions to touch; and handle most intra-personal issues that inevitably arise when you bring a group together.

There are several ways to make a fee off this type of group from having a subscription, percentage fee off trades, etc. I don't think Startman sees this issue as a primary focus but wants to figure out how to bring together a quality group first, then determine the best way to receive compensation for time/effort/knowledge.

I would propose we need to know the following to really narrow onto a solution:
1) how much time per day or week does Stratman wish to spend interacting with the group?
2) does Stratman wish live interaction or more reserved interaction?
3) how many people does he in vision in his group?
4) does Stratman want people to learn to use his trade style and expand upon the style; analyze/deconstruct the trade style and attempt to come up with logical rules for a system (for possible EA future use); a combination of both?
5) what are some specific end-goals for this endeavor, both for Startman and the participant?
6) what time-frame do you wish to see the goals created?
6) what type of quality/experienced traders do you wish to see in the group?

Of course there are hundreds of other questions but I think these will give us what we need to know to propose viable solutions.

"fill an empty clean vessel is easier than emptying a full one, scrubbing it clean and filling"


Nice One!!!

I had this similar problem but I found the solution and posted it back in page 136. http://www.forexfactory.com/showthre...10461&page=136

First of all, make sure that you have entered the correct timezone for your broker. You would most probably notice that all other timing is wrong but your news should be correct. If that is the case, then you have the same problem like mine. Odd enough, the solution came about by closing the MT4 and changing the timezone for the computer to another country, restart MT 4, close MT4 and then change the timezone back to your country. That fixed my problem. Dunno why dunno how but I'm just glad that it fixed it.