Ramblings of a Forex Junkie

Hi Chris
You could do something whereby a broker will sponsor you ie. you get a kickback when new punters trade with them
Maybe try out a trial with half a dozen of us 'guinea pigs' on here and see how it goes? I would certainly be interested at 35 bucks!
Whatever you do, good luck. You sound like a genuine guy which is very refreshing in this sea of bullshitters.....
Cheers

have a good trading day guys

Why do you want to get involved with Q&A? You already said helping people for free already took out a significant portion of your time. You have this thread (free), you post pictures (free), and with live examples recorded on Youtube video (free), what else can anyone ask for from you? Anymore than that you are going into one-on-one mentoring and that needs to charge money. Then you will go into Skype support, emails coaching, newsletters, daily lines and price levels to trade off, video archives on website, pdf course book, and everything that all educators eventually do. You are moving into a scenario where people will have to pay you for education. A full service would have daily live trading sessions during London or New York hours, hosted on Omnovia, and then weekend classes and seminars. Does this scenario look like helping people? People have to pay if they want such services.

I'm sure you agree that trading for a living gives us great flexibility and freedom. But if that freedom is spent entirely on forums and Q&A to "help" people, you might as well get paid for the time.

Just to add a little more on my thoughts. I've toyed with this idea and it is not new:
1. Set up live chatroom service on Omnovia.
2. Create two rooms: Room A is free to public. People can watch your charts and how you analyze the markets and enter or manage trades. You give Q&A as far as the time allows, with room open between 2amET to 5amET covering European/London session. That's all you can give for free, 3 hours a day. Everything else is free on this thread. They can't ask for more.
3. Room B is for mentoring members only, they have to pay a small subscription to help you cover the Omnovia expenses as well as for your professional time. Room open on a separate time each day or on Saturday or Sunday. Since these are paying members, your time is better appreciated and you teach what you need to teach for these people. It will make answering emails or Skype more meaningful in terms of monetary compensation for the time used.
4. Room A caters to free public, Room B caters to paying mentoring students. Covers both grounds and solve the conflict of wanting to help people but not wanting them to pay unnecessarily. Any new developments like longer term swing trading ideas, or fast scalping ideas, or news straddling or breakout methods, you share in your paid Room B with students. Anyone who wants to learn this simple method from the thread but think they wanted that extra understanding from live market webinars will go to free Room A. No one is forced to pay if not willing.
5. The rooms will eventually run on their own momentum, because a couple of successful mentoring students from Room B will want to help others in the public Room A. Your time will be saved when successful students help other newcomers, and not have to depend on you for life.
6. Room A is preferably "privatized" so that only the moderator can read the chat box and answer questions verbally with live charts. Participants cannot see each others' posts and that helps to reduce chatter and better control of crowd. Room B on the other hand is unprivatized and members can see and chat with each other, since these are paying members less likely to troll or post commercial ads. Room A is for you to trade, and for public to watch and witness the kind of profitability and low risk you spoke about. By privatizing the chat box, you choose when to answer and not be pressurized to respond immediately, taking focus away from actual trading.
7. Room B opens after Room A closes, so there is no more trading to do and you can dedicate the time to answer questions and interact with your mentoring students, share ideas and go over each trade in full detail. Room B can be limited to 1 hour, so that each day's routine does not get wholly absorbed into the chatroom service. During the weekday, you give 3 hours to Room A and 1 hour to Room B. You need a life too. For weekends, you may want to offer your Room B students additional 3 hours of mentoring time, not for public.

This is an option I like. I would never want anyone to feel pressured to pay anything. I really am most interested in auto trading for clients and the room would be a great way to show people the profitability and the low risk nature of the trades.

The Q&A is somewhat important to me in a verbal setting. The typing and chart retrieval is the most time consuming part of the thread. If I can verbally and in live action answer questions and show chart examples I think most people would grasp the concepts more fully.

I will decide how to proceed soon. I really like the interaction with you guys and I hope I have helped some of you to improve at least a little.

Anybody trading DAX?
Low this morning 7768 - exactly the low of NY open yesterday!

have a good weekend guys, i am done and now its go fishing time, be goooooooood

enjoy the fruits of your labour/labor billy!
I watched some Alaskian bears fishing last night and it was incredible! (sadly only on the TV but I hope to see them for real one day)

You work too much.

Anything cooking @ present SP? I know you aren't trading but if you were. I'm currently short GU

SP

same question than fish eggs, i m currently long eurusd on the previous weekly low ? is it right or i make a wrong entry ,

cheers

Landsat

Short GU from yesterday's high might work out. The GU trade I would have liked was the long off the London close from yesterday and taking profit at the high. Only drew down about fifteen pips and had forty five to get to the top. Nice R/R. Trouble with this business is you have to be awake to take the entry at 04:30 eastern. Uggh.

Your long looks fine, you had about thirty pips at one point. The retrace back to the mid of the news bar was normal but I would be looking for the exits if it comes near the highs again. Looking like you have a pretty good shot. Protect your account at this point.

This is getting pushed down but seems to be attempting to make a recovery. I am not sure I would want to be in if this most recent low is broken.

SP

still in , price is not moving up , but can't really find sign of weakness for long . so i move sl to my entry 1.29932 so nothing to lose ...
like this i cover 3 possible moves =
1. range
2. range up
3. strong trend up

the only one i dont cover is strong trend down ..... so let see i got 3 out of 4 probabilities

Landsat

good trading landsat.

Chris - on that subject, any views on setting SL at BE vrs a pip above BE (so you make atleast a pip on a 'flat' trade)? You hear of a lot of people doing that but with these levels being so well respected at times 1pip above could be the difference between being kicked out with one pip on a quick spike back to the entry level or staying in the trade all the way to TP?

Still alive but testing you hard. Again if the low gets broken and you take the twelve or thirteen pips loss I would be done.

SP

in fact i have always a range approach of the graph , i don't believe in so call trend .. there is no trend , for us retail traders only one way to survive = being contrarian with the entry , this is why i love SP system , we always enter on the " extreme " its the only way to survive .... trend following very hard job .... almost mission impossible

so for me a graph , i look at at it with the range eyes .... i never chase trend ... im looking for " extreme" ... this is where is the liquidity ....

Landsat

I wouldn't advocate moving it at all until there is some evidence to support that. I would currently have it below the recent low caused by the entry touch. Once the price is at the highs I would then make the decision to either take profit completely or move to BE at that point because the highs are a known rejection point. This trade is a tester for sure but going to BE too quickly can cause far too many no gain trades and that will have a long term negative effect on you equity that is unacceptable. The profitable thing to do here is actually to take a small loss in favor of the larger gain of trying for the highs. That seems to be trying to play out as I type this.

Very nice.

Zombie turn on your PM's I can't respond to yours.