Starting a Trading Group

Hi,

I really don't know if I am in the right section for this but I can't post in Interactive Trading due to membership requirements.
Anyways I want to start a trading group which is following one daytrade strategy and one momentum strategy which I believe it can be profitable.
I know that this idea of a trading group has already been made (and failed) by many others but I give it a try!
It should be a group of 5 or 6 people using some kind of chat software and screening together the market.
These two strategies are aiming for a 2:1 RR and following the trend. The great advantage of group trading is that the propability of missing a signal is decreasing. We can push each others discipline!
The requirements you have to fulfill are a basic understanding of the market. Trends (higher lows higher highs...), Money Management, Forex experience have to be the basics. We would start with demo accounts and test together the strategies with the goal to go live in the foreseeable future!
The trading times will be Frankfurt open to London close.
I think that it would be very valuable for everyone to trade together and to be on the same skill level!
So if you are able to trade intraday and if you are interested in this whole thing, I am looking forward to see some comments here and maybe we will be able to succeed in the forex market!

So far

Problem is not everyone is on same level.Experienced profitable trader does fine on their own and usually not profitable inexperienced traders want to get together.
Well if you got 5 traders who can't make money from trading putting together their efforts will only get worse.
Another element is agreeing on trades.Between 5 of you I am sure you'll get 5 different positions ideas and only compound the problem.
My best advise is converse with others who are better then you.Avoid anyone who is weaker then you.This is not rudeness but you'll only get better if others around you are better.
regards

I think its good to have a small group sharing the ideas on certain pairs. They dont necessarily have the same strategy. I think it work like an alert like someone see a triangle pattern ready to breakout and he shares it. Others make their decision to trade. The important thing is discipline as they need to keep posting ideas intraday!

@Davit
One the one hand you are absolutly right about the level of experience of the group. It would be a disadvantage if unexperienced group members are trying to copy the better one and "refuse" to learn. But on the other hand you can grow as a group and gain experience together to improve everyones trading.

@whtangpi
Ok, I count you in. It was originally intended to trade more or less the same strategy but we can surely watch basic things like breakouts etc.

Please allow me to join.
Thanks

i would like to join please.but i dont trade demo i trade live only .
all have a nice day

I would like to contribute as well ..

I agree on differential opinion ruining once trade and definitely a proper trader wouldn't indulge in such community, but I do want to say a solo trader won't be able to cover as much ground as a group could (example: if you look into my journal here I was focusing on GBPAUD & EURUSD; wherein one did as expected other is snail paced and it's almost the end of trade day for the week) , the right way of looking into such a group would not be latch on to each others trade ideas rather to discuss them and discover more opportune markets to work with.

I am still looking for 1 or 2 ppl!
Pm or write here
I am planning to start the group next monday

Ok, due to still no interest, I am going to specify this.
My strategy is based on supply and demand.
You can find related information here: http://www.forexfactory.com/showthread.php?t=452780 , http://www.forexfactory.com/showthread.php?t=428204

I am planning to build a group of experts for each currency. So for example one expert for all CHF, one for all USD pairs etcetc.
At the beginning of the day everybody should present their trading ideas and we execute those trades together and notify others when there are trading opportunities.
Hope to catch some more interested traders with this

Just to give you a little insight:
3 running trades for now:

closed EURUSD +10
closed EURGBP +10 +25
closed USDCAD +10

Tomorrow more to go !

Another two TPs.

Both went to the untested Supply zone and straight went down:

EURUSD: (closed half of the position, Rest trailing)



EURGBP: (TP at support)

And another one, great late session trades:
(closed half of the position at +10; rest trailing with 10 pip )

Are these zones valid or no?

like to join the group too am i welcome?

As you can see on the chart, the bottom zone is valid, the top zone was already tested so it's not a fresh level anymore!

sure, but the interest in creating a group isn't that high.

I decided to open a new thread in the next few days where I post my setups. Follow me there and maybe if enough people are there, we can create a skype group!

Thank, and keep me posted

Its fresh, fresh! Exciting.. dum dum dum dum dum

EXACTLY