Forex Trading Course Never forgetting from whence it came
When did this move start? What were the early signs?
This is forex training video shows the importance of picking up on AND remembering from where moves set up.
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Hi Martin
I am sure you know how much PAT traders appreciate your commitment.
I certainly do!
Got some interesting feedback to put on line later but for now, sadly have to head off to work!
All the very best
Terry Mc
Have a great day at work, look forward to hearing from you later.
Thanks Martin,
the chat we had was great. Looking forward to Terry’s feedback.
After this morning’s signs of weakness on the EUR I looked across at the 60 min chart and saw at 16.00 Friday
a sign of strength, coupled with the 10.00 bar this morning. Popped over to the 10 minute and went long on the retrace back
to 1.4170, alas, the test failed and stopped out for a -18.
Continue the analysis Paul, I am sure it will come round in the end.
Paul
Hi Martin.
Either you are in league with the devil or you have a crystal ball tuned into the forex market!
After the Skype call, at the weekend did as asked I scrolled back and few months on the Euro market to a point out of memory of what the charts looked like and used the shift key to scroll through the 10min market one bar at a time… Trying to analysis the market, I also switched of the day marker.
The results were ridiculous just working on congestion, Jbar/pbar, retrace and the latest offerings of trading from alerts.
The results:
1st day…. +90 +84 -30
2nd day…. -30 +119 +90
3rd day….+85 +45
4th day…. +85
5th day…. -30 -25 +69
Hopped of to buy the roller!…… (for the ceiling)
Obviously all simulated (sadly) with nothing to lose no raw emotion no trembling mouse finger etc etc.
Surprisingly, a good learning curve. It is so easy to look at a day’s trading and say with hind sight yes I would have done this, this and that and made a fortune. But…. One pbar at a time very strange.
To all would be PAT traders I would say give it a go but on a chart that you have no conscious memory of and don’t cheat!
I will be doing many more simulated charts… With the hope on training my mind to look out for the cycles more intuitively.
All the very best
Terry Mc
Hi Paul
After our chat regarding this I made a video about how you got the weakness. (The video comes out Wednesday) The later I see that you “bought” the market. I suspect that ONE BAR messed with your mind and somehow invalidated everything you had done correctly up to that point. Mmmmm More analysis no…….Stick to what you KNOW you can do with a very clear level of skill.
Hello Martin,
I was having trouble with the market when it crosses into the no desire lane and then continues to drift down, much like today. What I needed something more than an alert to identify direction… Not a crystal ball but the POWER BAR!
Hey maybe the POWER BAR or the lack of the power bar is like a crystal ball?
Thanks martin,
John
Hi John & Martin
Thats exactly what I thought the crystal ball is the retrace from congestion, Jbar, Pbar. Its taken Martin 20 years to polish his…. with His expert advice and teachings we will get there a lot sooner.
All the best
Terry Mc
P.S. The results from the chart are over a 24hr trading period each day so will look a bit tooooo good to be true.
Hi Martin,
When theres a gradual up move without any testing into lower prices, could that mean the mm’s are manipulating the market to get a higher price in the sell off that they know is going to happen in the near future? ie: at approx. 10pm last night on the GDP.
Thanks
Chris
MM make money by selling into a rise, once have closed off the position and sold all they have then there is no point in moving higher, so yes if you know of coming weakness then you do indeed sell all you can into the rise.
Well,
after being dopey yesterday, I started afresh this morning on the GBP. This is what I saw and this is what I did.
Looked at yesterday’s 10 minute GBP and during the rise from 17.40 a power bar appears at 19.50, aha, I say maybe all is not well.
Market climbs steadily on until 01.50 this morning then this weakness plays out.
At 06.50, large power bar up (stop taking/testing) directly into our 19.50 power bar level of 1.6238 from yesterday.
Congestion for 1.5 hrs, then 2nd test into newly formed resistance level from 07.00 PBar.
3rd test up into yesterday’s 19.40 resistance PBar.
Market moves down rapidly and tests again into our 19.50 power bar level of 1.6238 from yesterday.
I sell at 1.6238, and like lightning I hit my 90 pip target!!
I think I owe a big thanks to Martin for helping me out last week, and this time I WAITED for PAT to tell me what the market was doing. I knew of the weakness at 19.50 yesterday
and kept to this until PAT told me otherwise.
Paul
Nice one Paul Well done, AND you are mentioned in Wednesdays video
on WHY you got it wrong when you did, but from reading the above is seems you are ahead of the video.
Well done
Hi Paul
Nice One!
Sat and watched helplessly ALL day!
All the best
Terry Mc
Paul,
Extremely well done!
John