Forex Trading Training
Last Fall, one of the most respected Forex experts around
released his landmark end-of-day Forex trade alert software that
was based on a major “flaw” he discovered in the Forex markets
that ANYONE can exploit to become:
* 112.4 times more effective than other traders.
There was a lot of natural skepticism when he released this…
-but now, 2 months later, the PROOF is in, and when you see
what’s been going on, you’ll probably be as shocked as I was.
In a nutshell, this unusual trade alert software bagged $32,000
in profit potential on the 6 major Forex pairs, all in just
about 2 months.
He updated his 3 training videos with all the details on this
“profit surge”… and they also reveal the most important
step-by-step tactics you can begin to implement RIGHT NOW to
exploit the “flaw” he discovered.
This first one is ready watch. It’s called:
* “How to Predict the 5-Day Trend of The 6 Best Forex Markets”
See it here:
Click Here for More Details
(Make sure you see the $32,000 equity curve he shows you in the
video.)
After you watch it, please leave a comment below the video and
let the community know what you think.
I think we’re on to something big here…
Thanks !
Jim
p.s. Based on exhaustive testing, it looks like it literally
takes 5 MINUTES OR LESS per DAY to trade using this “alternate”
technique…
Top Trading Education Information
TRADING EDUCATION
- Click Here - 4 Reminiscences of a Stock Operator
- Futures Trading Secrets - E-mini Trading Course
- The Secrets to Sucess - by William O’Neil
- Trading Discipline - Top Articles
- How to Trade - Bull and Bear Divergence
TECHNICAL ANALYSIS
- How to Trade - the 10-10 moving average bands
- How to Trade - with Bollinger Bands
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BEST TRADING VIDEOS - Jim Robinson
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EXCELLENT TRADING ARTICLES - Secrets to Success
- Trade a System – Not Emotions
- You have a system – so why are you Losing?
- Limiting your winners and letting your losses run
- Could this be the trade your dreaming of
- A turtle or a hare
- How to cop with losses
- Jesse Livermoore
- The Mental Aspect of Trading
- Cutting Trading Loses
- A Winning Attitude
- The 4 levels to become a Top Trader
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- Top 10 Blunders Traders Make
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Trading Education
Trading Discipline part 1
The Discipline Behind Translating Market Analysis Into Results, Part I
By Mark Douglas
There are many technical systems and indicators that will generate consistent profits over time. Unfortunately, most traders are not aware of the fact that buy and sell signals generated from technical systems or indicators have some unusual properties and characteristics that can make it extremely difficult to realize these consistent profits.
As a result, most traders find there is a huge gap between the possibilities created by a series of buy and sell signals from their chosen technical indicators and what they experience in their bottom-line performance. I call this phenomenon the “reality gap” between what is available in the way of consistent profits and the amount of money we actually end up with at the end of any given day, week or month.
To make consistent money trading a technical system or any set of technical indicators, you need to understand exactly what they do, how they do it, and most importantly, what they don’t do. Not understanding the true underlying nature of technical analysis will cause you to be susceptible to making any number of typical trading errors. In other words, either:
You won’t be able to do exactly what you need to do, when you need to do it, without reservation or hesitation or…
You’ll be doing things you shouldn’t be doing.
In any case, you’ll find your trading experiences to be frustrating and filled with stress and anxiety, as you watch the “reality gap” grow ever wider.
The kind of understanding I am referring to creates a unique trader’s mind-set that consists of a set of attitudes and beliefs that properly interface with the underlying characteristics of technical analysis. When your thinking is in harmony with the basic nature of your methods, it would be an understatement to simply say “good things will result from your trading.”
However, before you can fully appreciate the characteristics of technical indicators and the implications these characteristics have on your ability to take advantage of what they have to offer, you will first have to understand the underlying nature of price movement.
What Makes Prices Move?
At the most fundamental level, all price movement can be explained as a function of what traders believe about the future. Here’s what I mean. If the last posted price of something was 10, what would cause the price to move up to 11 or down to 9? Someone would have to be willing to buy at 11 by bidding the price up, or be willing to sell at 9 by offering it lower.
Now, what would compel someone to buy something at 11 or sell at 9 when the last posted price was 10? If you look at this behavior within the context of why people trade, it wouldn’t seem to make any sense. People trade to make money or preserve the value of their assets. I’ve been a trading coach for over 18 years and have yet to encounter a person who put on a trade believing it was a loser before it he entered into it. There are only two possible outcomes to every trade: It’s either going to be a winner or a loser. And there are only two ways a trader can experience a winning trade. He either has to buy low and sell high or sell high and buy it back at a lower price.
If we assume that everyone trades to win and the only way a trader can win is to buy low and sell high or sell high and buy low, then why would anyone knowingly buy at a price that is higher than or sell at a price that is lower than the last posted price? He would be buying high and selling low, which is the exact opposite of what he needed to do to make money. The only reason I can think of is that he must believe the price is going even higher or otherwise he would wait and buy it at a lower price. And vice versa, he must believe that the price is going even lower, or otherwise he would wait and sell at a higher price.
Regardless of the myriad of reasons or justifications that traders would give to account for their behavior, the dynamics of price movement are really quite simple. In any given market, there are only two forces that act on prices causing them to move:
Traders who (for whatever reason) believe the price is low and as a result, expect it to go higher.
Traders who (for whatever reason) believe the price is high and as a result, expect it to go lower.
All price movement is a function of the relative balance or imbalance between these two forces. If there’s a balance, prices will stagnate because each side will be absorbing the force of each other’s actions. If there’s an imbalance, prices will move in the direction of the greatest force. In other words, prices will move in the direction of the traders who have the strongest conviction in their belief about what is high or what is low — conviction demonstrated by their willingness to bid a price up or offer it lower.
Why Do Technical Indicators Work?
If you distill the force of traders acting on their beliefs down to the most fundamental level, what you will have is simply up- tics and down- tics. A tic is the smallest incremental move in price something can make. A tic would be analogous to the minimum bid at an auction. So each up- and down- tic represents what some trader or group of traders believes about what is high or low at that moment. The accumulation of these up- and down- tics over time can form into price patterns.
Patterns form because in any given market, there are usually several traders who share similar beliefs about what is high and what is low. Day after day, they will do the same things over and over again to make money. All of this activity creates behavior patterns. More specifically, groups of individuals can generate “collective” behavior patterns no different than any particular individual who will behave exactly the same way in certain circumstances and situations. These collective behavior patterns are observable, quantifiable (meaning they can be measured) and they repeat themselves with statistical reliability.
Technical indicators work simply because they define and organize the patterns into an understandable framework. Once you learn how to recognize and interpret technical indicators, they will tell you which force, if any, has a stronger conviction in their belief about the future — as well as where or when there may be a significant imbalance between the two opposing forces, based on some pre-existing or developing behavior pattern.
The various patterns generated by the market can consist of visual formations in price bars like trends, channels, head and shoulders, triangles, flags, wedges and percentage retracements from previous highs or lows, to name only a very few. Patterns can also be identified by measuring various relationships in price data using mathematical equations. Some of the more common mathematical indicators include moving averages, relative strength, stochastics and MACD, to name only a few that have been developed over the years.
What Do Technical Indicators Do?
There are literally millions of combinations of ways to massage price data. However, regardless of the method or combination of methods used, all technical indicators try to do the exact same thing. And that’s to identify the presence an “edge.” I am defining an “edge” as an indication of a higher probability of the market moving in one direction over the other. Although all edges defined by a technical indicator are not of the same quality, they are in essence a way to get into and read the collective mind of the market.
Getting into the collective mind of the market is a significant advantage for the technical trader, but that’s not all technical indicators do! If you study the relationship between technical indicators and price movement, you’ll find that the same price patterns and the edges they represent will show up in every time frame, from the smallest to the largest. For example, a daily chart has one vertical line to represent a full day’s worth of price activity. A five- minute bar chart has 12 vertical lines per hour to represent the price activity contained within the one line of a daily chart. A typical price pattern on a daily chart may take weeks to form, whereas the same pattern on a five- minute chart may only take a few hours to form.
In fact, if I were to give you a mixture of weekly, daily, hourly or five- minute price charts, but set them up in a way where all you could see were the black lines representing the price bars without any indication on the x or y axis of either price or time, you really wouldn’t be able to tell the difference between them. The charts wouldn’t necessarily look exactly the same, but the same patterns, both visual and mathematical, would be present throughout the various time frames.
Now, if technical indicators can be applied to price data in every time frame with equal validity, then one of the most profound characteristics of technical analysis is that it turns the market into an unending stream of opportunities to enrich one’s self. Just think about of the possibilities of having your very own money machine. If you’re not already “hooked” on trading, being confronted with a genuinely unending stream of possibilities to make money can be difficult to resist. It seems like all you have to do is learn how to recognize if and when an edge is present and then execute a trade. It seems simple enough and this is in fact true. When done properly, trading is a relatively simple process.
But don’t confuse something that is simple with something that is easy. The fact is you will probably find trading to be one of the most difficult endeavors you will ever attempt to master — at least within the context of producing consistent results. I am defining consistent results as a steadily raising equity curve with drawdowns that reflect the normal losses of any trading system or methodology. Not the equity curve of the typical trader that looks more like a jagged edge saw where the drawdowns are excessive — usually caused by trading errors and not necessarily the result of one’s trading system.
What Exactly Makes Trading So Difficult?
There are many factors that make it difficult to realize the possibilities created by a constant flow of edges identified by a technical indicator. At the most fundamental level, the problem has to do with the way we think. In other words, there are some inherent characteristics in the way our minds are wired that don’t interface very well with the characteristics of technical indicators, or market movement for that matter.
People find too much meaning in indicators and then transfer their hopes to them. I will explain what I mean when I discuss the specific limitations of indicators in Parts II and III of this series.
Futures Trading Secrets part 1
Congratulations! You’ve taken the first step toward Futures Trading Success by subscribing to the valuable no-nonsense Futures Trading Secrets Lessons I promised you.
These Lessons are the result of over 200,000 time consuming and tedious tests I did to improve my own trading results. It cost me over $50,000 to unravel these secrets. Now, because you’re a subscriber, much of this gut-wrenching research is available to you for free.
You probably wonder why I would give away such expensive information.
That’s easy…it’s to benefit both of us.
I want you to see for yourself that the Futures Trading Secrets Course truly stands head and shoulders above the crowd. There is no better way for you to sample the no-hype, all meat and potatoes Futures Trading Secrets Course than through these powerful Lessons.
These are real parts of the full course. If you already trade, you can use these Lessons immediately to help improve your trading, even today. Just imagine the success that can be yours when you get the whole course with all the personalized support I give you!
But, I must warn you.
If you’re looking to get rich fast with little or no effort, then this is the wrong place for you.
This course is for level-headed people who want a system that works, and who aren’t afraid of study, practice, and mental discipline. Plain and simple.
So, if you’re willing to invest some honest preparation time then you can have a lot of fun with this course and experience the thrill of winning trades like multitudes of my other students have.
Sound fair?
If so, let’s get started with your first tip…
The Secret of How to Pick Your Indicators
Every trader looks for the perfect signal. Unfortunately, no single Holy Grail signal exists. Watch this video.
The secret to success can be found in a combination of indicators. This gives you a high probability trade setup.
Indicators are tools. As such they serve only one function – to smooth the price. All indicators use a mathematical process to make the price easier to understand and in some case create divergences that give you an early indication of a market turn or flattening.
Here are some vital keys to remember:
Always combine Leading and Lagging Indicators in your approach.
Don’t use more than five indicators of different types with similar time frames.
Your best choice is one indicator from each category below:
Trend Indicators: MACD, ADX, Moving Average Systems.
Volatility: These indicators measure the magnitude of day-to-day price fluctuations: Bollinger Bands, Envelopes, or Keltner Channels.
Momentum: These indicators measure the speed of price movements MACD, and MACD Histogram, Stochastic, Relative Strength, William’s %R, CCI, and RSI.
Cycles: Many Securities,and especially commodities, indexes and currencies, have cyclical patterns, Fibonacci Retracements and Fibonacci time cycles and Pesavento Patterns.
Market Strength: Each Indicator incorporates either volume or open interest: Volume, On Basis Volume, Money Flow, Advance Decline, TRIN, TICK and TIKI: Leading Indicators. We only use Advance Decline Charts on our quotes page to measure overall market strength.
For Price Action and Price Patterns: Use candlesticks to measure inside and outside bars, gaps, turning points and reversals. Certain Pesavento Patterns also are good indicators of turning points.
Avoid multiple indicators using the same data. If all your indicators only use price and calculate a smoothing function, then the co-linearity will give false signals. Each indicator will give redundant signals and you’ll get a false sense of security.
Because most indicators are simply variations of the same principle, find two or three indicators that you understand and use them in your trading system.
The Futures Trading Secrets Method – What I Do for My Own Trades
When you get my course, you’ll find my exclusive copyrighted system picks three signals for a trading setup. The result gives you 80% accurate setups for both entries and exits.
You’ll Get Powerful Signals Like These with the Futures Trading Secrets Course:
1. An early signal that tells you to get out if you’re in, or to get ready to get in if you’re waiting
2. A non-lagging signal that is THE signal for an aggressive entry
3. A confirmation signal that gives you that 80% advantage
The last point to make for today is to remember…
No signal is perfect.
So, proper money management is absolutely crucial. No system can rescue a trader from poor money management. Proper money management is a vital part of your success in Futures Trading.
This is why I discuss more than just the techniques of trading in my course. I’m not interested in you just buying a course. I want you to succeed.
You see, I’ve experienced life as a consumer too.
As a result I always swore that if people would place their trust in me enough to invest their hard-earned money on my course, then I would never forget to “treat people just like I want to be treated.”
And I’ve found that’s a great way to live
Futures Course – Please Click Here
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Futures Trading Secrets part 7
Welcome back to your journey toward Futures Trading Success. In a moment I’m going to introduce today’s lesson, “Do You Flinch When It’s Time to Pull the Trigger?” You’ll see why this is such an important subject.
When I was a kid the only television available was black and white. A few years later the new color TV’s came out. We thought to ourselves “what will they think of next?”
But today we live in a video age. Our cell phones can render pictures and videos with quality far surpassing those early televisions.
Life-like video games are everywhere.
Simulators – which are really elaborate and expensive videos – are used to train aircraft pilots, the space shuttle crew, and prepare for numerous other occupations that would be too costly or dangerous to do in real life without practicing in a simulator first.
Through the video game environment we can practice live action simulations that help prepare us to better do our job.
Some years ago I read a study regarding soldiers in combat. This study said that during WWII a high percentage of soldiers never actually fired a weapon with the intention of hitting someone.
Subconsciously they flinched and aimed wild.
But with the Gulf Wars the study showed that flinching became less of a problem with each conflict.
The reason?
The tremendous increase among the youth in the use of video games, particularly those that simulate scenes of war. The new breed of soldier comes with years of combat conditioning through the simulation of video.
There’s a video lesson we can learn from this regarding Futures Trading.
“How to Pull the Trigger only on High Probability Trades”
Through the use of video you can gain valuable experience – risk free. To venture out on your own without the advantage of the video training would be expensive.
I know – I’ve been there.
That’s why I’ve included in Futures Trading Secrets Course a series of 13 video tutorials on three CD ROMs. They show you everything you need to know to trade with actual trade signals. Not only that, the signals are explained in real time and with signal-by-signal analysis!
You also receive an 8 part video showing you how and why the indicators I picked work to produce High Probability trading signals in real time. I also show you other popular trading systems that do not work as well as represented.
All this brings us to the point of today’s Futures Trading Lesson about preparing to trade. I hope you enjoy this topic…
Do You Flinch
When It’s Time to Pull the Trigger?
If so, ask yourself: How Do You Handle Fear and Greed?
When you’ve conquered fear and greed, you can “pull the trigger” with confidence.
Four things about fear.
First, a definition. Fear is negative imagination…the assumption that an outcome of any action will be negative. And greed is just the flip side of the same coin. It is fear of success, not failure!
You can overcome fear and greed. Become familiar and confident with the understanding of what causes you this fear. Analyze all the issues. Note how you feel before, during, and after an event.
Lack of confidence in your system often forms the basis of your fear. You get confused when you get conflicting signals from different trading programs, gurus, time frames, etc..
Until your conscious mind and your subconscious mind agree on your approach, you will not trust the signals you see, and either hesitate, jump to soon, or freeze totally. This is caused by the uncertainty you feel.
No one can predict the future. You can only intelligently guess with some level of probability that a certain outcome will occur. Because trading the eMini is really trading the psychology of thousands of traders from around the world, it’s important to understand that that psychology goes through fairly predictable patterns.
The Bible says the Love of money is the root of all evil- not money itself. Money is a tool we use to get the things in life we need to live and enjoy ourselves. Don’t let greed overshadow your training and fool yourself into not following the signals.
Patterns such as Fibonacci retracements occur very often because of fear and greed. Smart people know that and fade those retracements, which is why the Pesavento Patterns I talk about work.
After trading and reevaluating certain patterns, I have discovered two very high probability trades and have developed the patience and discipline to trade them.
I compare trading signals from four different trading system approaches to show you how similar they are to one another. I prove that the key to any trading success is based more on mental control and money management than trading signals.
Now with the Futures Trading Secrets methods, you can literally walk by the computer, see whether to be long, short or out. Take a trade, if appropriate, and exit on the next signal with a 3.3 point average profit about 80% of the time.
I also highly suggest you get and use Ensign, even on a test basis and practice for at least a month using their SimBroker. It works 7/24/365 on either a DEMO file that utilizes the S&P or actual previous day’s ticks.
The SimBroker becomes your real-time video simulator so you’re ready for combat.
Finally, when you begin to get results with 70% win loss ratios on the real charts but are still not using your own money, it is time to go for it with real money on a small account. As you get more confidence, you can grow both your trade size and your accounts.
When you order our complete dual time frame trading system with all our trading signals, you’ll have telephone and email support whenever you have any questions whatsoever regarding anything in the course. That alone should help calm your fears.
Can I guarantee that you will be a successful trader?
No, because I cannot control how you use the information provided.
Can I guarantee that you will have the tools necessary to succeed?
Yes! I look forward to working with you to improve your trading.
Don’t forget, with the Futures Trading Secrets Course you receive three full day videos, replayed at 10X speed, showing real trading signals generated by the system and traded on screen for a three day period. These signals yielded a $6,500 profit in just 3 days from 4 contracts with an average win/loss percentage of over 80%.
These are real-time videos comparing approaches to trading the eMini, including: Stochastic Indicator Systems, Fibonacci Cluster Systems including Pivot Points and Support and Resistance Levels.
There’s a total of 13 Separate videos with 20 hours of interactive market-time training videos on three CD ROMs to help you learn all my signals fast.
When you get the course think of it as a college class you’ve taken. Buckle down and study it. The difference is with the Futures Training Secrets Course the graduation consists of a lifetime of better income.
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Futures Trading Secrets part 6
Before I get to it, I want to tell you why you’re getting these Futures Trading Secrets Lessons.
First I tried and tried to tell people about my Futures Trading Secrets Course. Even though I tried to write a good ad telling people all about the Course…I just couldn’t do it.
I wasn’t cut out to be a copy writer.
I’m an engineer with a degree in mathematics and physics. I know numbers and probabilities and charts. I learned to use these things of course in my professional capacities. Then when I got into trading I found my background proved to be very useful in developing my system.
So I finally gave up and figured why not just tell you exactly what I would tell you if we could sit down for a cup of coffee.
That’s how the idea of these lessons came about. As you have seen by now, these Lessons are all nuts and bolts – the actual mechanics of what it takes to succeed in Futures Trading.
I had to figure this out for myself first after blowing $50,000 trying to make Futures Trading work. So, I just wrote down what I found worked consistently most of the time.
Finally, when I had unraveled the Futures Trading Secrets, I realized there were probably others like me who needed what this course offers. Such as:
A way to work at home so you could spend time with those you love.
A way to fire your boss and live life without having to answer to anyone else.
A way to have a business you could work in your bedroom in your pajamas if you like.
A business that requires a small time investment of around 90 minutes a day.
A business with a low start up cost and a money back guarantee.
A business with on-going support at various levels.
Am I right?
Then take this next tip to heart and you’ll be a step closer to Futures Trading Success.
Using Multiple Time Frame Indicators
on the Same Chart
One of the most confusing aspects of looking at multiple time frames is that two time frames will almost always give you conflicting signals.
An excellent technique is to put two or even three time frames on the same chart. It does help if you use Fibonacci time ratios of 1, 2, 3, 5, 8 and 13 minute time frames.
If you have ever watched the waves in the ocean, you will notice that there are very often two or three wave patterns in play. These patterns will tend to combine for large waves (trends), or may cancel each other out (congestion).
Seeing different moving averages for different time periods can help you determine longer term trends while looking on a shorter time frame for entry and exit signals.
To plot a 10 minute, 20 period moving average on a 5 minute chart, you use a simple formula: 10/5 x 20 = 40 periods (I recommend using exponential moving averages).
You can also use this process with MACD, Stochastic and other indicators.
The confluence of indicators all in the same direction on multiple time frames is THE KEY to High Probability Trades.
Wait for these situations to present themselves to you.
Many traders trade on the same time frame, play the same Fibonacci retracements and Elliott Wave patterns. These theories have become self fulfilling prophecies in many cases. One way to take advantage of these tendencies early is to use a slightly shorter time frame or a tick chart to catch a turn just a little earlier than others.
5 Points Per Contract = 100% Return in 1 Day
Good Morning Bill…
My goodness…this IS the real deal. I’ve sim-traded for three days (quitting early yesterday and missed out on the big move of the day), but I can see how your charts work and can truly say that you’ve got the real deal here! I may have a few questions, but at this point, I don’t know enough to know what they are.
Just trading the obvious signals and missing the more subtle ones, your program has made me 5 points per contract this morning and kept me out of a couple of losers that I’d have otherwise put on. Thank you for your help!
Chuck Stocks (his real name)
When you get the complete Futures Trading Secrets Course you’ll notice that every section is there because you asked for it.
Well, OK, not you in particular. But from real live questions from people who love Day Trading the Index Futures, FOREX, and Bonds. I set up a simple web page, and people like you visited it and left me their most pressing questions about money and reducing risk while trading..
What this means is you can’t find a more complete course because I put in it exactly what people want to know. And I give support through e-mails and webinars. I also offer personal coaching and Internet group training for those who want even more.
For the last 10 years I have been devoted to trading, and it has become my passion. You can make a month’s income in a few hours a day trading Futures with no employees, virtually no overhead, great tax advantages and work from a laptop anywhere in the world.
So I’ve put together everything that’s necessary to make you a Futures Trading Success. The next step is up to you.
Futures Course – Please Click Here
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