forexmentor courses

Quote from bstay:

anyone else has experience with the team at forexmentor? looking for some CD shopping before the offer ends:
http://www.forexmentor.com/forexcourses/christmas2009.html
More...

You could just go ask your questions at forums dedicated to forex currencies especially since they have a more active forex discussions in comparison to Elitetrader.com

http://www.forexfactory.com/forum.php

http://forums.babypips.com/

http://www.forexforum.net/

In fact, you'll find more opinions by users of his system at the above forums in comparison to here. Also, the above forums I easily remember but there are many more very active forex forums.

Mark
 
Mark beat me to it with the links he posted, i'll add:
mostly fx: http://www.forex-tsd.com/forum.php http://www.moneytec.com/index.php
several fx related: http://www.trade2win.com/

Phillip Nel (now a Commercial Member on FF) 'wrote the book' on MACD trading:
'4 Hour Strategy (MACD)' http://www.forexfactory.com/showthread.php?t=14630
'5Min Intraday System' http://www.forexfactory.com/showthread.php?t=11854

leveragefx's 'heat map' indicator is one example of hundreds of free indicators available
for MetaTrader 4: http://www.elitetrader.com/vb/showthread.php?s=&threadid=116127

write down the questions you have about trading, fx, fx specific trading and find the
answers via the posted sites and googling and you're likely to become your own
mentor and gain a much broader understanding of the subjects; keep a diary/journal
 
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. What have you done so far with your trading? Maybe we could have a first in the ET forex section, a constructive thread!
More...

Ok.. let's try to get the first constructive thread I've read on here... I'm looking to start my education in retail forex. I've been demoing for a month just getting into the swing of things with retail forex which is slightly different from my previous job. I've definitely started on money management and psychology since I know that these are some of the most important steps to get through, and most people skip, on their way to paying their tuition to the markets. So far I've settled on risking 0.5% to 1.3% of my trading capital per trade. I don't jump in all at once either, I scale in. I haven't settled on whether to only scale in as the trade moves in my direction or not. I've also stuck with trading only the majors, with a lot of focus on the Euro of course.

I've also tried to hammer out a strategy at the same time. I started focusing on finding the right time frame that suits my personal style. I tried a variety of different time scales to focus on before deciding to focus on the 15m chart for analysis and using the 1m chart purely for fine-tuning execution. I feel this might fit my personality better than longer term charts. No trades held longer than a couple of hours (and that's only i'm letting a winner go).

I'm a fan of technical analysis, especially in forex, but I feel that trends, support, resistance should jump out at you on the charts. So I use just basic TA to make my trading plans for the day and, for longer term views, the week.

So... that is what I've done so far on my trading. Thoughts? I'll go hide somewhere now to dampen the blow from all the imminent flaming I might get. Part of the ET culture I suppose.
 
Quote from ric3bowl:


I'm a fan of technical analysis, especially in forex, but I feel that trends, support, resistance should jump out at you on the charts. So I use just basic TA to make my trading plans for the day and, for longer term views, the week.

So... that is what I've done so far on my trading. Thoughts? I'll go hide somewhere now to dampen the blow from all the imminent flaming I might get. Part of the ET culture I suppose.
More...

People here view criticism as flaming. "Constructive" means "true", not "belief or opinion."

Simple question. What happened when you put a few hundred of your TA setups, over say, a few years, into a spreadsheet, and AFTER ALL COSTS, examined the overall profitability (like profit factor), and the metrics (drawdowns, sharpe, etc...)?

Being a fan has no meaning. Risk-Adjusted Reward is the only thing that matters.

bstay is looking for free or discounted. That is a really a warning sign for "no idea how to make money - can you guys approve my ideas or give me OTHER ways to not make money?"
 
Quote from TraderZones:
bstay is looking for free or discounted. That is a really a warning sign for "no idea how to make money - can you guys approve my ideas or give me OTHER ways to not make money?"
More...
you have a strange way of interpreting the purpose of each thread. anyway the discount window has ended (Dec 31) and i did my shopping. i have no need to post "go away TraderZones" from here on.
 
Quote from bstay:

....anyway the discount window has ended.....
More...

lol, "the discount window has ended", don't you believe it, these sellers will always negotiate on price because it costs them next to nothing to churn out their wares, it's all profit......for them! :p
 
Quote from ric3bowl:


So... that is what I've done so far on my trading. Thoughts? I'll go hide somewhere now to dampen the blow from all the imminent flaming I might get. Part of the ET culture I suppose.
More...

No flaming from me, it all sounds perfectly logical and reasonable, and best of all you haven't been gullible enough to line the pockets of snake oil sellers offering holiday discounts! :D

I asked bstay the same question but he couldn't answer (for obvious reasons!)....is your system/strategy profitable, and what are you trying to improve on?
 
Sorry for hijacking your thread, bstay. I'll take it from here..

Well I'd say that I'm still in the early stages of defining and refining my so-called indicators. What I've been focusing on more is money and trade management. Trying to keep losses small and maximize on the winners. So in this regard I haven't settled on defining my indicators (if I even end up doing such a thing) in order to backtest them.

Right now I'm focusing on developing my ability to spot trends, channels, support/resistance. And that, cabletrader, is what I'm looking to improve on. I find that sometimes I make the mistake to think a pair is in a trend, when it's really not, or defining bogus support/resistance levels.

In regards to profitability, I've been profitable, but not enough for any drawdowns that may come along... although this holiday week I've been doing well by sticking with my system... paper trading of course. I think at this point I'm more often than not just really lucky to get in on breakouts early that move 50 pips. I'd like to the ability to define and spot high probability set ups than rely on these lucky scenarios.
 
You must log in or register to reply here.
Back
Top