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Professional Trading Strategy - student selection

  • #21
  • Jan 29, 2014 12:45am Jan 29, 2014 12:45am
Quoting PeterE
You haven’t provided sufficient information for an astute student to determine if they should contribute their time, effort and resources into your “teachings”. After all, just as a “teacher” should prudently select his/her students, so to a student should prudently select their teacher. How long have you been trading forex? How many years running have you been profitable? In this time have you had any negative quarters? What has been your worst drawdown? What lot size do you trade? Can you provide verified statements to back your claims? Are you...
Hello Peter. As said at start, at this moment I want to keep this thread very light in order for me to be able to keep track of everyone who subscribes. Also I will be posting a few images and I want this thread to be as clean as possible as it is very hard for a newbie to find and FOCUS on the good information in all the garbage.

I have been here on FF for some time now, and I have seen excellent threads destroyed and outstanding traders which shared A+ information just leave because of the trolls, because of people with an interest to make them leave. I do not care about the trolls or any kind of person other than those who will be willing to see a professional trading way.

I encourage questions, I have nothing to hide, I will answer any question here or in private but not at this moment. I will answer your questions later (which are very good questions), I have saved them

P.S. Hint: this thread is in commercial content threads for a couple of reasons. I started the thread here on purpose.
  • #22
  • Jan 29, 2014 12:51am Jan 29, 2014 12:51am
Quoting exchange101
{quote} I started the thread here on purpose.
and we all know that purpose, but any ways just dont make it ugly

first thing you should have done is showing your account and making some results public to make an assessment.

I know you will ban me here, but thats okay
Its just a beginning !!!
  • #23
  • Jan 29, 2014 1:02am Jan 29, 2014 1:02am
you forgot to tell them the cost.....

edit: I see you have now posted that you will charge -

http://www.forexfactory.com/showthre...90#post7244590
  • #24
  • Edited 1:40am Jan 29, 2014 1:06am | Edited 1:40am
Quoting Dark Force
{quote} and we all know that purpose, but any ways just dont make it ugly first thing you should have done is showing your account and making some results public to make an assessment. I know you will ban me here, but thats okay
I have no reason to ban anyone who is civilized. I am not here to show off and grow my ego, I am not here to promote my website/company in order to make a money from advertising and selling all kind of systems but ALSO I'm not here to make a 'farm' and raise trolls
For those who think that this will be easy to learn and free...I have a surprise....it's not! As everywhere in this world, nothing is quite free... if you want an apple from the tree don't you spend some of your energy stretching out to get it? But that energy is so small and is ignored and forgotten by us when reaching the final result and trophy.

So, like I said in the first post ... some information will come along the way...

I suggest we give some time to let other people see it and give everyone an equal chance by keeping the thread clean. Thanks guys, I knew you would understand

EDIT: this will not be available for everyone...read the first post!
  • #25
  • Jan 29, 2014 6:59am Jan 29, 2014 6:59am
Quoting exchange101
This thread has been started after certain recent events took place in my personal life and I want to give back to the community while I still can. I have never mentored / coached anyone, but at this moment I feel this is the right thing to do. I am NOT affiliated in any way to a broker or company! What I will share with you is the result of my hard work. I want to make myself clear from he beginning, as I don't like 'blurry' things in any aspect of my life, thus here: I will share the strategy I have been trading for a long time with ONLY a few...
hi,I subscribe,thank you!!!!
  • #26
  • Jan 29, 2014 7:10am Jan 29, 2014 7:10am
Always want the chance to learn something new - subscribed
  • #27
  • Jan 29, 2014 7:38am Jan 29, 2014 7:38am
For everyone that subscribed until now: Welcome aboard!

I will make time, as I said first, to make this process pretty short, thus to start as soon as possible. As I have never did anything like this (mentoring/teaching) I will try to be as clear in my explanations and everything to be clear for the to-be students.

Have a good one!
  • #28
  • Jan 29, 2014 2:55pm Jan 29, 2014 2:55pm
Quoting exchange101
For everyone that subscribed until now: Welcome aboard! I will make time, as I said first, to make this process pretty short, thus to start as soon as possible. As I have never did anything like this (mentoring/teaching) I will try to be as clear in my explanations and everything to be clear for the to-be students. Have a good one!
exchange101 is your system/setup based on price action? waiting for the pics have a good one
  • #29
  • Edited 7:20am Jan 30, 2014 6:28am | Edited 7:20am
@z1p: My strategy is based on price action from a different point of view than what 95% of the traders are used to. You might say it is also based on order flow also besides price action.

I can say at this moment that I have 2 approaches for my trading style: one is a little more simpler to implement in trading (at first glance) the second one which can be used together with the first one for more profits is harder to see and is more active from the traders point of view.

EDIT: From now on, for the sake of simplicity, I will call them- strategy 1 (the simpler one) and strategy 2 (the harder/active one). Remember, both can be used together or separated, each of them being profitable on their own.
  • #30
  • Jan 30, 2014 6:53am Jan 30, 2014 6:53am
The image shown represents EU M1 from around 23.00 to 07.00 GMT+2, last night. Took this example as it was the most recent.

Disregarding the hours and presuming this was during your trade hours, what would you have done?
Where would your entry point be? What does your RSI, MA, price action, candlestick patterns, etc... tell you to do?
Go long or go short? Where?
EDIT: How much is your profit ? How long have you been in that trade? (you can check your own chart according to your trading systems/strategies/etc)

Attached Image (click to enlarge)
Click to Enlarge Name: EUm1-1.jpg Size: 540 KB


I would like to remind you to keep your answers in one post and resume to the questions in red.
  • #31
  • Jan 30, 2014 7:08am Jan 30, 2014 7:08am
Quoting exchange101
The image shown represents EU M1 from around 23.00 to 07.00 GMT+2, last night. Took this example as it was the most recent. Disregarding the hours and presuming this was during your trade hours, what would you have done? Where would your entry point be? What does your RSI, MA, price action, candlestick patterns, etc... tell you to do? Go long or go short? Where? EDIT: How much is your profit ? How long have you been in that trade? (you can check your own chart according to your trading systems/strategies/etc) {image} I would like to remind you to...
I trade higher TF's but here is my take on your chart.
Attached Image (click to enlarge)
Click to Enlarge Name: EUm1-1.jpg Size: 369 KB
  • #32
  • Jan 30, 2014 7:16am Jan 30, 2014 7:16am
Hello jen101,

First short (based on Tl and S/R I presume): where would your exit point be?
Second short (based only on S/R): where would your exit point be? At this one, because is out of the image, just state based on what .
Long (based on TL break only: would you enter that for 5 pips minus spread?

Waiting for your reply as I have to step outside.
  • #33
  • Jan 30, 2014 7:23am Jan 30, 2014 7:23am
The time frame doesn't matter. Price is the same

Strategies that only work on TF15 or 1 h or daily...complete BS.

I trade on 1M as it is the most active, I can see everything in detail at all time and I don't like sitting in front of the computer from 6 am to 8 pm.

I would trade on tick chart, but my broker doesn't have it and don't want to change the broker.
  • #34
  • Jan 30, 2014 7:24am Jan 30, 2014 7:24am
Quoting exchange101
Hello jen101, First short (based on Tl and S/R I presume): where would your exit point be? Second short (based only on S/R): where would your exit point be? At this one, because is out of the image, just state based on what . Long (based on TL break only: would you enter that for 5 pips minus spread? Waiting for your reply as I have to step outside.
It's difficult for me to talk in terms of pips looking at an M1 image as I trade mostly on the daily. For the daily I would wait for a close over a TL break and enter straight away or perhaps on a 30-50% retracement. As for the shorts I use 1:1 R:R and my stop would be a fairly safe distance above the S/R. Not greedy . I set BE about halfway to target.

Second short I already would have exited in the picture.
  • #35
  • Jan 30, 2014 7:59am Jan 30, 2014 7:59am
Quoting exchange101
The time frame doesn't matter. Price is the same Strategies that only work on TF15 or 1 h or daily...complete BS. I trade on 1M as it is the most active, I can see everything in detail at all time and I don't like sitting in front of the computer from 6 am to 8 pm. I would trade on tick chart, but my broker doesn't have it and don't want to change the broker.
TF does matter. I also use candlestick patterns a lot, but only on H4 and above. Any less and it's crap. Also smaller TF's hurt my eyes; they are usually a mess.
  • #36
  • Jan 30, 2014 8:00am Jan 30, 2014 8:00am
Look at the image below. My trade for the day with strategy 1 (the simpler one).

The image I have posted above.... I wouldn't have taken any of the trades triggered by S/R, indis, price action, you name it. I knew at all times that the market is in, let's say, consolidation period and for the entire 8 hours (image above) all the pips in the market (form the highest high to the lowest low) have been 20 PIPS!
I prefer the 80 pips over 5-6 hours without headaches.

Attached Image (click to enlarge)
Click to Enlarge Name: EUm1-2.jpg Size: 541 KB


Please retain those 2 images because I will show you also the strategy no 2, which I use only when I don't have anything to do.

Remember: I LIKE THE MARKET, I ENJOY TAKING PIPS, I LOVE MAKING MONEY FROM THE MARKET!

Trade should not be angry moments, stress and cursing. If trading is not pleasant and VERY PROFITABLE, you might as well do anything else.

Have a good one!

EDIT: I exemplify only "in pips" as it doesn't matter how much I invest/my lot value. Leverage is different for different people.
  • #37
  • Jan 30, 2014 8:14am Jan 30, 2014 8:14am
Quoting jen101
{quote} TF does matter. I also use candlestick patterns a lot, but only on H4 and above. Any less and it's crap. Also smaller TF's hurt my eyes; they are usually a mess.
jen, I see you are a member since 2012. Have you at anytime read here on FF (rare but there are threads) that price is not time dependent? (maybe you should not take that literally). You might think, as I have a very long time ago, that small time frames are a mess, chaos, etc ... on the contrary.
  • #38
  • Jan 30, 2014 8:21am Jan 30, 2014 8:21am
Quoting exchange101
Look at the image below. My trade for the day with strategy 1 (the simpler one). The image I have posted above.... I wouldn't have taken any of the trades triggered by S/R, indis, price action, you name it. I knew at all times that the market is in, let's say, consolidation period and for the entire 8 hours (image above) all the pips in the market (form the highest high to the lowest low) have been 20 PIPS! I prefer the 80 pips over 5-6 hours without headaches. {image} Please retain those 2 images because I will show you also the strategy no 2,...
As you say now it was only 20 pips from highest high to lowest low. Well, if you had said so before, I wouldn't have bothered either, but if that was on a higher TF it could have been hundreds of pips. Not that pips matter, but it does when you have to take the spread into consideration.
  • #39
  • Jan 30, 2014 8:29am Jan 30, 2014 8:29am
jen, the 1st image I took as it was recent activity and, how can I put this so everyone can understand, it was a consolidation period. I knew that. Did you?
Let me throw this question: how does TL's and S/R behave in consolidation periods? Do you know it is a consolidation period?
Don't stick only to the image I showed. The market is very unpredictable to a certain extent.
How do you get used to the idea that in 1 trade TL, S/R, price action, etc worked and in the 2nd it didn't...false breakouts, etc?

HINT: EXIT is of equal or of greater importance than the ENTRY!
  • #40
  • Jan 30, 2014 8:32am Jan 30, 2014 8:32am
Does anybody know if we can make a group chat with skype? Other options?
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