Thread Table of Contents:
Drop Your Indicator. Forget the News. Get with the Program.
8 Currencies. 28 Pairs. 100's and 100's of Pips.
Eliminating the Traditional Use of Stop Loss and Take Profit to Increase Gains.
Your Strict Trading Plan Sucks as Bad as the Guy that Sold the Idea to You.
Trade Analysis - Short USDCHF @ .9191
Arriving Late to Catch the Trend
Update - Short USDCHF @ .9191
I will not be your teacher. You will not be my student. I am not a mentor, nor do I want to be. I have no desire to hold your hand through trades and spoon feed you. I am not a signal service. If I mention a trade, that is not an invitation to trade it. You'll understand why as this thread progresses. I will not post a live link to any trading account I have now or in the future.
What I will do is provide in as much detail as I can, my methodology for tackling the Forex market. What began years ago as Price Action Hero has led me to where I am now, a consistently profitable Forex trader with a professional background in risk analysis and wealth management.
You will hear things you've never heard before. You will run into things I say that go against certain principles you've been taught before. Without a doubt, this will likely be the first time you ever encountered a methodology quite like this.
I prefer simplicity. If I say down, I mean down. If I say a line, I mean a line. There is little need for a glossary or dictionary, expect for the times I lay down some vocabulary that appears to some as a twenty dollar word.
If you have questions. Ask. I will answer.
There won't be videos or live streams. I won't dedicate or obligate myself to anyone. I am subject to stop this at any time.
I am not a guru. I am not a brand.
Now after that stiff introduction, if you are so inclined to follow along, you will be able over time have the opportunity to piece together yourself a methodology that will keep you in the market 24/7 and yet reward you will consistent profits. You will not be a millionaire in a year. But you will be in the 5% that actually reap in profits.
Before I begin, are there any questions?
CURRENT RESULTS (Updated 06/04/2013 8:20PM CST)
58.8% gain for the year.