Wow, sarcasm. Nice… 
Haha, I understand where you are coming from. The word guru instantly makes you think of things like sales pitches, worthless systems and talking heads. The word itself just means someone who understands a topic and teaches it, like a teacher. Although it’s looked at more negatively considering how many people claiming to be teachers or gurus sell worthless systems and information.
Pretty much anyone who follows what I teach will vouch that I am not a Nial or Johnathon, and they would know because many of these people have purchased their member only courses. You only have to go as far as reading the intro in my main price action thread to see my opinion of what I call price action salesman. I run a website, have a youtube channel and run a couple threads here but you will not find one piece of teaching material that I charge for. Actually you won’t find anything that I charge for. I love trading and I hate seeing people getting ripped off, so those two passions combined and compelled me to create a hub for free information. To be honest, not charging makes it harder to dedicate my time to teaching this stuff, but I want to make sure I am a benefit to other in learning price action, and not just making a means of lining my pockets. There are websites out there that run without charging such as Wikipedia, so I know it can be done. All of my stuff is out there for people to read for free and decide if any of the information is valid or worth learning.
I do think there are things that can and should be charged for, don’t get me wrong in that. But what you see being charged for by most of the PA salesman is information you can find in a few google searches and nothing that adds uniqueness or value to the world of price action. If something is going to be charged for, it should be priced well within reason. I think most people bite the bullet and pay the ridiculous membership fees is because it is very hard to find concise, organize and high quality information on price action for free. So I have made it my goal to provide such a thing.
You do realize that [U]Wikipedia also regularly from time to time asks for donation with certain amount of dollars as its target from its reader[/U], don’t you Krugman? Is that also how you envision you will run your thread at Babypips?
[QUOTE=“krugman25;550945”]
Haha, I understand where you are coming from. The word guru instantly makes you think of things like sales pitches, worthless systems and talking heads. The word itself just means someone who understands a topic and teaches it, like a teacher. Although it’s looked at more negatively considering how many people claiming to be teachers or gurus sell worthless systems and information.
Pretty much anyone who follows what I teach will vouch that I am not a Nial or Johnathon, and they would know because many of these people have purchased their member only courses. You only have to go as far as reading the intro in my main price action thread to see my opinion of what I call price action salesman. I run a website, have a youtube channel and run a couple threads here but you will not find one piece of teaching material that I charge for. Actually you won’t find anything that I charge for. I love trading and I hate seeing people getting ripped off, so those two passions combined and compelled me to create a hub for free information. To be honest, not charging makes it harder to dedicate my time to teaching this stuff, but I want to make sure I am a benefit to other in learning price action, and not just making a means of lining my pockets. There are websites out there that run without charging such as Wikipedia, so I know it can be done. All of my stuff is out there for people to read for free and decide if any of the information is valid or worth learning.
I do think there are things that can and should be charged for, don’t get me wrong in that. But what you see being charged for by most of the PA salesman is information you can find in a few google searches and nothing that adds uniqueness or value to the world of price action. If something is going to be charged for, it should be priced well within reason. I think most people bite the bullet and pay the ridiculous membership fees is because it is very hard to find concise, organize and high quality information on price action for free. So I have made it my goal to provide such a thing.[/QUOTE]
Something that would really set you apart from the rest of the rabble of useless babypips gurus would be to display a myfxbook account. 2ndsky won’t because he likely doesn’t have the performance to justify his following. Jonathan Foxx doesn’t because he likely doesn’t have the performance to justify his following. Nial fuller doesnt because he likely doesn’t have the performance to justify his following. ICT tried but ended up humiliating himself and his fanatic fanboys with him.
In essence, the common factor for all of these is being able to drum up a large following from posting threads and YouTube videos containing material that can be found in “Currency Trading for Dummies” while unable to actually show the performance to back it up.
You are obviously taking on the role of “guru”. The question is are you going to do something that none of the others do by actually showing your performance? Or are you going to be content with just being another “one of those guys”…
Attende, attende… I have made a price action thread too though 
I think that would be against babypips to ask for donations, haha. If someone values my information, it has made them more successful and wealthy in their trading and wanting to gift me with a donation, I wouldn’t turn it away, if that’s what your asking.
[QUOTE=“krugman25;551043”]
I think that would be against babypips to ask for donations, haha. If someone values my information, it has made them more successful and wealthy in their trading and wanting to gift me with a donation, I wouldn’t turn it away, if that’s what your asking.[/QUOTE]
Haahaa i will be the first to make that donation @Krugman
Someone mentioned to me that myfxbook had to connect to an MT4 account, which I don’t have. People were really wanting to see my equity curve so I whipped one up from my broker statement and posted it in Johno thread. I am sure it could be found fairly easy. To be honest I have a very unimpressive with rate, depending on the month it can hover between 30-60%, but some of my wins are usually ridiculously high RR setups 1:10 - 1:20 RR. I will take the 1:2 or 1:3 daily setups but my account has seen the most grown from the lower TF and higher RR setups. That’s just how I personally approach price action.
I also haven’t figured out how these guys are consistently profitable as I feel they aren’t looking at enough market dynamics to be. It’s like they are trying to put together a 100 piece puzzle with 10 pieces. I know for a fact the way I incorporate volume and the various S/R tools in my trading has helped me achieve a positive equity increase over time. Without it what I do would look a lot like the other guys, and probably not profitable.
I understand what you are saying though. One of the strangest things I have ever seen was Johnathon Fox stating that he doesn’t take any trade he posts in his “current setups” page. My question is why would you post garbage for people to look at? This statement was made after I had complained about the crappy setups he was posting that didn’t even fit within his own ruleset. One thing I will say is I don’t post setups unless they are ones I would consider taking myself, and many of them I actually do take myself.
What is it, I want to check it out.
Considering your screen name, you could call your program “The Keynesian Trading Method”.
The principles would be if you add enough to your account, you would lose a smaller percentage.
…
[QUOTE=“krugman25;551048”]
Someone mentioned to me that myfxbook had to connect to an MT4 account, which I don’t have. People were really wanting to see my equity curve so I whipped one up from my broker statement and posted it in Johno thread. I am sure it could be found fairly easy. To be honest I have a very unimpressive with rate, depending on the month it can hover between 30-60%, but some of my wins are usually ridiculously high RR setups 1:10 - 1:20 RR. I will take the 1:2 or 1:3 daily setups but my account has seen the most grown from the lower TF and higher RR setups. That’s just how I personally approach price action.
I also haven’t figured out how these guys are consistently profitable as I feel they aren’t looking at enough market dynamics to be. It’s like they are trying to put together a 100 piece puzzle with 10 pieces. I know for a fact the way I incorporate volume and the various S/R tools in my trading has helped me achieve a positive equity increase over time. Without it what I do would look a lot like the other guys, and probably not profitable.
I understand what you are saying though. One of the strangest things I have ever seen was Johnathon Fox stating that he doesn’t take any trade he posts in his “current setups” page. My question is why would you post garbage for people to look at? This statement was made after I had complained about the crappy setups he was posting that didn’t even fit within his own ruleset. One thing I will say is I don’t post setups unless they are ones I would consider taking myself, and many of them I actually do take myself.[/QUOTE]
This is probably your equity chart you are referencing… What is the unit of time on the x axis?
[QUOTE=“ILovePizzaMore;551065”] <img src=“301 Moved Permanently”/> This is probably your equity chart you are referencing… What is the unit of time on the x axis?[/QUOTE]
Yes, the x axis are number of closed positions, so a single trade I make close out in chunks. Any time I have an equity change it register as a tick on the x axis. So it can’t really be looked at as total % of trades. I also trade fixed % and since that is a calculation from base, the changes in % difference become more extreme as the account balance grew.
If we want to be real here I don’t mind. I am a highly paid programmer and technical manager, and I make a lot more money in my primary career than trading. I don’t know if I will ever become a full time trader but I wouldn’t even consider it until my income trading is at least double my career income. My wife’s uncle runs a $120 million investment company first just a few hours away. He is a big inspiration to me to start my own investment company. I am personally down about 20% in my account over the last 6 weeks, 10% of that coming from 1 trade. So I am a real person, not just a face on a sales website. I do still make stupid trading mistakes although not nearly as many as I use to. I am hear to help people trade better, but the biggest secret to it all is that it actually helps me trade better. Accountability and spending large amounts of time studying the market and writing articles helps me just as much as those reading it.
I do believe the principles of what I teach are sound and effective, the biggest drawdowns I have ever experienced came from me doing really dumb things, like risking 10% on 1 trade. I believe there are people who could take what I am teaching and make a killing from it, and others will flounder and fail. While some methods and teachings are bound to fail out of the gate, I don’t this is one. I believe it accounts for enough of the market dynamics to give the trader a true statistical advantage over a large number of trades taken.
[QUOTE=“krugman25;551071”]
Yes, the x axis are number of closed positions, so a single trade I make close out in chunks. Any time I have an equity change it register as a tick on the x axis. So it can’t really be looked at as total % of trades. I also trade fixed % and since that is a calculation from base, the changes in % difference become more extreme as the account balance grew.[/QUOTE]
So what’s the time frame then of this equity curve?
CAD/JPY - W1 - Pin bar
A setup I am looking to get into if the market can manage to retrace far enough.
Pros:
*Nice bullish pinbar with very little upper wick signally little profit taking going into the weekend
*Pinbar formed off of key weeky S/R
*Each successive swing low stepping high and higher, showing greater buy strength with each price pullback.
*Increase in volume going into the current swing low
Cons:
*Resistance at round number of 95.00.
Potential plays: Given the overhead resistance at 95, there are two ways to approach this trade. Wait until a break of 95.30 and enter, then set your SL somewhere in the 94.40 region, letting the trader enter above near term resistance, getting in the trade with the momentum, and using near term resistance as a buffer for a SL offering a RR scenario of around 1:2. The riskier but more rewarding setup would be what I labeled in my SS. Entering on a deeper retrace, just above resistance, setting SL below low of weekly wick, and taking profit at major resistance. SL would be moved to BE as soon as price reaches 95.00. This can be taken as an entry order just based on the weekly candle, or one could wait and look for price action on the lower timeframe at 94.00 level for confirmation of price moving back up the candle. This setup would offer a RR setup of 1:4 to 1:5.
I want to say 3 months.
Please please please please this thread was not created for negative comments… If you think things taught here are not applicable then please try and hit the unsubscribed tab . I dont mean any harm but just speaking my mind .
[QUOTE=“krugman25;551098”]
I want to say 3 months.[/QUOTE]
How long have you been trading forex?
Cool excel graph though. This is more of the kind of solid proof we need.