forexmentor courses

Quote from bstay:

any recommendation of "free" websites that you can pm me? these couple holiday weeks are excellent for me to pick up education on forex. i am looking to trade the majors in 4hrs, 60mins, 15mins, 5mins timeframes intraday style.
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Sure, what are you interested in? MA's, trends, S&R, divergence, grids, fibs....there's a lot to choose from.

As boring as it is I'd start with money management, psychology, discipline, and the 'right' frame of trading mind....then strategy. What have you done so far with your trading?

Maybe we could have a first in the ET forex section, a constructive thread!
 
Quote from cabletrader:
Sure, what are you interested in? MA's, trends, S&R, divergence, grids, fibs....there's a lot to choose from.
As boring as it is I'd start with money management, psychology, discipline, and the 'right' frame of trading mind....then strategy. What have you done so far with your trading?
Maybe we could have a first in the ET forex section, a constructive thread!
More...
http://4.bp.blogspot.com/_buPOR1D4eXw/SzhK3MKB3rI/AAAAAAAABqM/c9B5IKehyoc/s1600-h/EURJPY.png
partial screenshot of what i currently have on 4hrs & 60mins charts. i have 34ema (in 3-waves), 14ma/48ma (for crossover), 62ema (for bounce), auto-trendlines S/R, auto-pivot levels, and MACD (12,26,9) (for divergence). i don't want to add anymore spagetti lines or custom MT4 indicators. looking to simplify actually. i am working on R=-$90 per trade, and for example enter 2 mini-lots with 45pips stop, or add to 3 mini-lots with 30pips stop. more than one lot so i can exit partials and ride the remainder. daily halt if 3 to 4 stop outs.

i thought forexmentor.com come close to helping with a couple strategies i already studying. but welcome any tips to simplify and simplify.

http://1.bp.blogspot.com/_buPOR1D4eXw/SzMu8johMXI/AAAAAAAABpM/QTqbAZ8rRDU/s1600-h/JasEveningStar.png
the first screenshot is TradeStation platform which i already use for equities trading and familiar with the charting tools. this second screenshot from DealBook360 is what i used to watch other pairs for correlation and relative strength/weakness, opportunites.
 
Quote from bstay:

http://4.bp.blogspot.com/_buPOR1D4eXw/SzhK3MKB3rI/AAAAAAAABqM/c9B5IKehyoc/s1600-h/EURJPY.png
partial screenshot of what i currently have on 4hrs & 60mins charts. i have 34ema (in 3-waves), 14ma/48ma (for crossover), 62ema (for bounce), auto-trendlines S/R, auto-pivot levels, and MACD (12,26,9) (for divergence). i don't want to add anymore spagetti lines or custom MT4 indicators. looking to simplify actually. i am working on R=-$90 per trade, and for example enter 2 mini-lots with 45pips stop, or add to 3 mini-lots with 30pips stop. more than one lot so i can exit partials and ride the remainder. daily halt if 3 to 4 stop outs.

i thought forexmentor.com come close to helping with a couple strategies i already studying. but welcome any tips to simplify and simplify.

http://1.bp.blogspot.com/_buPOR1D4eXw/SzMu8johMXI/AAAAAAAABpM/QTqbAZ8rRDU/s1600-h/JasEveningStar.png
the first screenshot is TradeStation platform which i already use for equities trading and familiar with the charting tools. this second screenshot from DealBook360 is what i used to watch other pairs for correlation and relative strength/weakness, opportunites.
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Seems like you have plenty going on there already, some might say too much. So off those charts how many entries would you have taken, roughly?

I'm a great believer in simplicity when it comes to analysis as you can see from this chart, it has everything I need on it. There are probably lots of other things which could be added but would they improve performance or just reduce trading opportunities. I think that's the risk you run when you incorporate someone else's strategy, it ends up morphing into something which no longer resembles the original and probably isn't much of an improvement, if any.

Assuming your strategy is profitable what are you looking to improve on?



2ry4umq.jpg
 
well then, if a clean price chart is what u meant without the clutter of derivative/lagging indicators, ...... how do you trade?

back to square one: any good websites u can recommend i get started in a profitable strategy, without stumbling into vendor-bashing? thanks.
 
Quote from bstay:

go away TraderZones. like to hear from others.
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Of course you want to hear from others. You want "any recommendation of "free" websites that you can pm me?"

Again, if it is "discounted", then it does not work. If it is "free" then you are seriously going in the wrong direction.
 
Quote from TraderZones:
Again, if it is "discounted", then it does not work. If it is "free" then you are seriously going in the wrong direction.
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what IS the right direction then? don't go to free sites, don't go to course vendors ...... i was only replying to cabletrader on his mention of what's "available for free".

go away TraderZones.
 
Quote from bstay:

what IS the right direction then? don't go to free sites, don't go to course vendors ......
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Learn how to trade. The longer you look for shortcuts and people who agree with you, the longer you stay a paper trader.
 
Quote from cabletrader:
As boring as it is I'd start with money management, psychology, discipline, and the 'right' frame of trading mind....then strategy.
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cabletrader, do u already have a thread discussing the subjects? would like to understand how u trade ......
 
Quote from bstay:

cabletrader, do u already have a thread discussing the subjects? would like to understand how u trade ......
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I don't have a thread, I can't see the point really, it would just be the same thing over and over and over and over ad infinitum....

You want to understand how I trade? That's easy, I buy and sell. If price goes in my favor I make money, if it doesn't then I lose some. The plan is to lose less than I make. That's all trading is, simple and easy, a monkey could do it, in fact there was a gorilla who did well picking stocks using numbers on bananas! That should tell you something!

So I guess you want a strategy now, right? Take your pick, there are thousands to choose from, you could use what you're using now.

I bet you won't accept that, you'll probably want to complicate the whole process with convoluted analysis and indicators and stuff. Or maybe buy a strategy, going by Zones's theory the more you pay the better it will perform. Ha, yeah right, Zones doesn't even trade so what the heck does he know, lol :D
 
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