Trading course reviews collected at the end of trading courses are of questionable value. The ability to produce consistent trading profits following your training is where the real value lies.
Appraisals collected at the end of a course (not a single one of these were) are completely misleading because often the attendees are on a high. What you read below (more than 34 A4 pages and growing) are what REAL people are achieving on a day to day basis. Don’t be put off by technical jargon words such as pips, points, or contracts. These are just basic trading terms that are FULLY explained and DE-MYSTIFIED as part of your course. They are nothing more than words used to explain market movement and price.
Yes there are a lot of appraisals here, but that is relative to my near 20 years in this business and of course during that time I have met and worked with a lot of traders, many of whom are now great friends.
Alan Says Filed Apr.18, If you have followed today on GBP I just missed the sell on the retrace back into congestion after this mornings big break down as it was a few pips shy of the price I wanted. (I had already taken 63 on the move down to the 90 pip tool target.) No matter.Well, a little miffed as the price rolled back down to my original target in squint mode at 4755 where I bought and took 30 pips back up to congestion.So +90 pips up this morning with trading almost getting in the way of other things I was doing. I just watched the charts out of one eye occasionally with alarms on my second laptop for the price to ‘comply’.Almost a 190 pip morning! Now time for a jog and then some lunch. Hope the sheep got you off to sleep. Alan
Helgi Says Filed Apr.18, Hi Martin, I have been putting off for a while emailing this, I wanted to make sure what I’m saying is real and not a short time fluke. I have been trading currencies now for around 7 years and wiped out many accounts, some big and some small. I guess I was stuck in a loosing loop and I now understand that it is almost impossible to get out of. During this time it was never an option to stop, I just new somehow that I would be a successful trader. What I didn’t know was how long it would take. Last December I slowly wiped out another account and I just about had enough. Due to overseas holiday and other stuff I didn’t trade for almost 2 months but I observed the market and observed the Pat alerts and started to see things in late January. I convinced my partner I should put some money into my account, just a little bit, $1,200.00 US dollars. I then started trading 1 mini contract. Man my account is growing so fast even though I am trading with very little and only adding 1 contract every $1,000 dollars. For example $2,000.00 2 mini contracts and so on. What I frequently do though is adding to my trade if my first trade is in the money and I see another opportunity I get in again. I have not words to describe what it feels like to be a successful trader and every minute of the last 7 years is now worth it. I don’t know exactly what I am doing it keeps changing. I trade the alerts on Pat but only if I have 2 reasons to take the trade. One reason the alert and the other something else like the volume telling me something or sometimes even 3 reasons and it seems that the better it gets the better it gets and I see more possibilities. We have to meet one day, have you any plans to come and visit your brother here in Perth? That’s all for now. Kind regards, Helgi
John Says Filed Apr.18, Hi Martin, It has taken me a little more than a month to get on the positive side of understanding Pat. Yesterday I took 204 pips in one day while I was asleep! Today 140 pips in the mist of a busy work day were I had to set up my trades and trust PAT! The best advice I could give anyone who is struggling is to keep going over the lessons. For me I was missing the intent of the trend and could not bring myself to change my position or would change too late. It was only when I went back and reviewed the lesson on congestion. This helps me see were the market was going. Well you can see that I’m on the right side of the majority of my trades, the record speaks for itself. Best regards, John
Pete Says Filed Mar.26, Hi Martin, I got that on the GBP. This is great! I hope you feel better soon, get some well deserved R&R. The very best, Pete
Liam Says Filed Mar.18, Hi Martin, Just before I go off to work, made a quick 80 pips off the 7.00 GMT This retraced up to the early morning hourly MBF 2.00 am,as this had not yet played out, because of the power move down on the 6.50 bar then reasonably fast retrace to the 1.4050 area,where I entered, exited at 1.3970 which was a green triangle from yesterday cheers Liam
John Says Filed Mar.13, Martin Just a quick update to let you know how my first weeks trading using PAT went. I decided to to make one or two trades a day to begin with till I got used to the software, the outcome was satisfactory as far as I was concerned. I had four trades which each made me 40-60 pips, the reason for the low values was due to me operating a very tight stop and trailing stop of 15 pips had I followed your recommendations of 30 pips I would easily have doubled some of these trades. However to begin with I just wanted to get a feel for the software and an appreciation of the need for a reasonable stop level while trading. In many ways i am really still paper trading but having the satisfaction of a small financial interest – amazing the satisfaction to be obtain from 50p pip trades! There was one day of disappointment when everything went wrong i.e. the one referred to in your email .I was to eager to get a winning trade and made the mistake of chasing loses. In future on a day like this if the market looks as complex to read I will try to walk away and come back another day. PAT with the alerts is a great pieces of software and I am pleased I waited until this version was available. Thanks for you help John Sinton
Alan Says Filed Mar.13, Hi Martin, There were no trades when I went out this morning and wished I had a portable laptop to put in my backpack – now there is thought – but as you say in TU, best not to let on too much I came back in time this afternoon to buy today’s 5.20 green. I had my doubts and got stopped out for -10 pips. Then I bought the test of yesterdays trend on the breach of yesterdays 18.30 green at 1.3868. I took +73 pips, moving up the stop gradually, just short of the 90 pip tool target on breach of the reds. I sold the breach of the top red, 1.00am, and exited for +1 as the force seemed very strong. In fact I then recognized I was feeling tired and losing objectivity and knew it was time to finish for the week and to give you some positive feed back on the new PAT. Apart from a speight of old behaviour at the beginning of the week when everything felt a challenge my trading world has now literally become a 24hr anywhere any time activity. On Sunday I fly to Melbourne for the second leg of my tour. Wishing you great weekend to you and yours.. Alan
Shannon Says Filed Mar.13, Hello There Martin, I can’t get pat to send me an email when the alerts appear. I’ve gone through the set up 10 times and I have 10 successful test messages in my in box, but not one live alert. What have I done? Having a good week, and yes I did get on that buy on the Euro. I’ve made a habit of placing pending orders 2pips before the alert price just for that reason. 150pips Rippa! Look forward to hearing from you, Shannon.
Hugh Says Filed Mar.13, Hi Martin GREAT DAYS Just a quick update on progress. Wednesday down a few points could and should have done a little better dropping a few points needlessly. 12/03/09 Buy EUR @ 2789 So -20 pips 12.45 sell Eur @2832 on the 2816 signal stop @ 57 13.03 stop moved down to 32 when market hit the 90 area. 13.10 SO @32. 0 pips Very frustrating given where the market went to. Not all lost as it alerted me to possibilities for later on. I had buy order to buy @ 2732 on the platform from 9.10 No fill Went long @ 2770 on a retrace. At 15.43 moved stop up to 71. 16.54 moved stop up to 80 and placed limit at 2920 based on swing measurement. Went for 4 mile walk. Once back kept following up with stop a good distance back. !9.30 went to market exited at 2902.9 + 132.9 As I type I see it has hit my original target. The money is in the sitting. It doesn’t pay to give up a good position lightly. However still a great day. Thanks for all your help and encouragement. Hugh
Todd Says Filed Mar.12, Hi Martin been very busy at work at the mo and therefore decided not to trade when tired and stressed. Its been a good move as I sat down tonight after a shower and saw good signs of intent on the GBPUSD. Sold on the break through of the 6:40 green alert. The 90 target lined up very nicely with the 15:40 green from the day before so I confident that this was a good trade. So much so i sold again on a retrace to the mid line on the 90. All up +125. Off to bed. Cheers Todd
Want to see more appraisals? Just keep on scrolling down. Over the years I have received a LOT. In fact I have no less that 34 A4 pages of appraisals.(and growing) These appraisals are special to me, because they reflect my commitment to every single trader or would be trader I have ever come into contact with. Some of these traders have been with me for more than 10 years which I believes speaks volumes about the the support and guidance I provide you with.
Hi Martin, Well that worked like a dream today,+£1500 net ! (To work out NZD rate Multiply 1500 x 2.7 to arrive at $4,050 NZD Equivalent for this particular trade) I must say I wasn’t convinced on the upside after so many contracts on PAT yesterday trading at between 4350 and 4380 ,about 6000 contracts and we only got a move up from yesterday number one of about 60 points. I must say that when we broke through the sell line today I was thinking happy days !! Cheers Phil P.S. I’m gonna buy my mate PAT a drink now !!!
Martin, forgive me for blowing my own trumpet, – but that’s 190 points I’ve made during the past two days!!!! (£2,945.00 Per contract traded ) Steve Fry.
Martin Just a quick note to let you know Yesterday Bf day .90 points (£1,395.00 Per contract traded )Today(did not check until after open)missed long for 30 points(angry with myself)Watched fall all the way back to zone(resisting urge to trade short against the strategy) Stuck to plan short at 27 on spread bet ,closed at 37 for 90 spot on.(pleased because i traded short although head said market not gonna drop anymore). (£1,395.00 Per contract traded ) Two days gone to plan, much easier than my non-bf scalping days! Thanks once again Steve
Sell order activated at 4327. Stop at 4357 Limit at 4237 LIMIT HIT!!!!!!! – 90 points taken. – It’s almost too easy today! (£1,395.00 Per contract traded ) Steve Fry
My day to date – should have gone long after early retrace but sat and watched. Mindful of yesterday’s No 1 at 4380 went short on spread as market had achieved its 100 points from mid. Filled at 4419 and waited to see 4380 tested. It appears to have failed the test – now at 4361 and 58 points to the good. Next serious test should be 4355 and intend to exit when touched. Just regret missing the early 30 points under BF. (£899.00 Per contract traded ) Regards Peter Baker
Martin – Fri looks like another inside day presumably we just recalculate mid price as in BF1 etc and trade mon & tues as well? Not having a bad week so far +104 (£1,612.00 Per contract traded ) Thanks & kind regards James
Don’t be put off by technical jargon words such as pips, point, or contracts. These are just basic trading terms that are FULLY explained and DE-MYSTIFIED as part of your training. They are nothing more than words used to explain market movement and price.
Martin, Seemed like perfect BF Scenario 3 conditions. Waited until the first retrace before placing the fill. This was at 4369, giving me a chance 88 points back to the midline. – Brought down stop to protect profit once market had reached the upper 15. -Eventually getting stopped out at 4299, giving a profit of 70 points.(£1,085.00 Per contract traded ) Steve. Your explanations really are excellent and answer most of my pending questions did manage a short at 75 limit buy at 50 for 25 points. (£387.50 Per contract traded ) David forex trading success stories
Not wishing to be outdone!!!!!!!!! .. I decided that I simply HAD to get into this market because of terrific energy from two setups only 20 points apart – no entry using my foundation strategy – have been noting your comments on PAT use (which I am not yet running) and decided to ‘black box’ it away from the first no.1 price, the open of 5303, going long at 5318, stop at (initially 96) 88 – determined that this market would give me 90 points at 5408 – kept stop 40 points behind until I saw massive volume at 5379 and decided to move stop to 5364 (15 points below) – just got hit for gain of 46 less spread – 4 trades this week for gross 130.5 less 24pts of spread = 106.5 – I am really enjoying myself – looking forward to trying out the PAT software when I’ve got the time – D.H. confirms that it really is the business. (£1,643.00 Per contract traded )Very best wishes as always, Mike.
God this is fun!! Long today at 27.5..filled at limit sell of 61 .plus33.5 Only one trade each day this week and each one a winner. Up 101 points on week..and there’s still so much more in this to learn.Many thanks. David (£1,565.00 Per contract traded )
From here on below there is no longer the monetary equivalent of the points taken, if you want to know the monetary value then multiply the points by £15.50 (current value)
Explanation ref failed mini-bf on short side followed by explanation of revising Bf line with Pats works and helps the penny drop today.Only traded long for 30 cos was not sure but good lesson. steve lyons
Points that I liked from course: The postage stamp of the strategy. The opening of account with little money because as you said if you can’t make money with a little you won’t with a lot.
The fact that we need to be patient. The idea of using trading as a means to enjoy other things in life. The idea of getting up and leaving the trading room and getting fresh air etc .Having a clear mind with the five minute review and living for now. John Williams
Martin came away from the day very pleased + 38. Thanks! I took the first down bar of the day at 5173 short got stopped -14. Was I wrong in taking this trade i.e why did you/ Steven not take it? Regards James PS Still feeling that smugness!
Long at 22.5 got out at 46.5(No.1 on 21 Aug.) plus 24 David
you may be amused to hear that I reached my 90 point target and exited on limit while I was combining the last of our winter wheat this afternoon – also (after phone call from D.H.to say that price has hit the midline) I placed my entry stop whilst in a meeting with the architect in charge of refurbishing the pub we bought recently!! – the important thing is that my belief in my own trading strategy is so solid that I can take trading decisions without even having to sit in front of my screen, AND without hesitation. you would be amazed (or perhaps you wouldn’t) and just how good I feel about life these days! Best wishes, Mike. p.s. I have a short stop in place at 17! Took my stop to 5305 so was taken out marginally after you.
Had one of my better days gaining nearly 70 points Phillip West Long at 45 limit filled at 75..plus 30 ,have to go out so that ‘ll do for today
David Just a short note to let you know how I got on with PAT (Good Irish Name) today. Installed PAT Number One of 5183 Spreadex Quote 5197 – 5206 Bought £15 @ 5206 Spreadex Quote 5240 – 5249 Sold £15 @ 5240 Result £15 X 34 = £510 Happy Days have a good night tonight..Speak to you later. PAT is paid for Conrad Lagan
Hi Martin, Made 50 points short so far today. That’s over 300 points with BFs and PAT in little more than a week. While not expecting this return every time, it’s a bloody great piece of software. It seems to back up a little theory I had devised called the 2:30 theory – that the market breaking long or short after 2:30pm <idea I had that the US market news starts to filter into the European market and gives it a little push one way or the other> had some extra momentum. Other factors came in, but PAT would re-inforce this. Used to be that sons would want to become train drivers like their dads, but Steven’s going to be a trader Welcome to the modern world – ?The Cole Trading Dynasty” starts here! Have a good weekend, Brian
Hi Martin! I had a fair day yesterday: Long on the Open (reversal) and Filled at 5550.5 (9:15) Sell Limit Order Filled at 5580 at 12:14 for the 29.5 points. Hi Martin Following THE BF STRATEGY took 30 points out today – call it ice cream dosh as am off to Dale (in Wales) to meet among others Max the surfing dog !! Yipeeeee. Re the PAT – I will wrap my grey matter around in early Sept on my return. Best Gary
Hi Martin, managed to make 40 points in the morning before being called away from trading. Didn’t bother to email because it seemed so puny but, although a bit disappointed I couldn’t hang around beyond 11 am, am still happy that I stuck to the strategy exactly. Also impressed with the ?professional money” indicator. It meant the break of the 5930 line had backing and fulfilled its potential very well. Will this be increasing the number of points on offer or just making the current lot more secure? All the best and thanks again for the great support! Brian
Hi Martin, Caught the rise out of the zone yesterday at 5907 ( just above the initial high of the day ) and was stopped out at 5930 after lifting my stop a couple of times. Straight forward 23 points. I wasn’t ready to trade through the bottom of the zone so late in the day and was surprised how far it went down ! Not sure about BF day +1 since it has been up and down all in one day. Richard Hi Martin, Again, it seemed that I prempted what you were doing. Placed a buy order at 5898 and got filled soon after. Watched as it seemed to proceed to greater heights. Moved my stop from 71 to 81 soon after. Eventually moving my stop to 5929 just before your e-mail of your stop move to 24. Left it there until being stopped out by the dramatic decline. I was a bit dissapointed that we didn’t have the full run, but still made a gain of 24 points after spread. Roll on days 2 & 3. Hopefully the PF signals are a little bit more reliable Mike Sugars
I did some quick number crunching regards my initial trading in July: I had 8 trades: (+4/-4), 50/50 as predicted. The P/L ratio conformed almost precisely to what the BF System predicts! (Minus 49 points / Plus 156 points). Robert Bauer
Buy line to 28 and then sell line to close for a net 77.5!! you’re a brick, Martin. regards, Mike.
David Martin! Never did I ever believe that I would be responding to you so soon after your recent compliment and confidence in me! I have had my course fees paid back by the market in my very first five days trading in a ‘Live’ environment!!! (Don’t bother putting this up on your web site: Nobody would believe it!!!) OK, I did paper trade for two months after returning from Spain in May; but one of my goals was to actually go ‘Live’ within two months of attending your course. I was grateful simply for having achieved that! The transition from paper trading to ‘Live’ trading was, indeed, seamless, as you said it should be! Now even though I don’t plan to deviate from the strategy, I do need to be able to deal more appropriately with understanding ‘volume’, strength, re-enforcement & support. I feel it’s time to please put me on your members group mail Tell me (I’m curious!): Has any other of your ‘Virgin’ students ever made more than a £1,000.00 on their first profitable trade? Bob
Hi Martin! My paper trades in the recent past had confirmed what you intimated to us in Competa: that Day 3 can often present more opportunity for us. I hope tomorrow is no different! I’m up 95.5 points since my 1st trade last Monday morning! Robert Bauer £1480.00 per contract traded
Morning MC, Were you late out of bed this morning, haven’t heard from you. I took +30 this morning from the nice little set-up in the P&F. Paul £465.00 per contract traded Martin, When the spring formed at around 10:20, I proceeded (on paper) to place my fill order on the end of the spring at 5813, my stop at the other end of the spring (cross-referenced on the tick chart) was at 8526. Because the risk was 13 points in size, I placed my limit order at 5774, (ratio 3:1) -39 points from the fill and then sat it out. gradually progressing down to my target around 1:40pm. So there you are, 39 points taken! Was I right to sit it out and take my target pointage or would you have moved the stops and then gone for even more profit? Steve Fry. £604.50 per contract traded
Martin! I was having teething problems with Trade screens and felt I wasn’t 100% ready to drive them just yet Still, I knew the basics, so decided to dive in at the deep end and have a go! I decided not to miss the opportunity of a BF Day 1. You know I took a 14 point loss early on Later on in the morning I recognised that the market was reversing and going North!. When it broke through at quarter to eleven (London time), I got Filled at 10:52am at 5806.5 and placed a Sell Stop at 5797 to give me a 9.5 spread. I had previously arranged to drive my neighbour to Liverpool at 2:30pm, so knew I had a couple of hours to try and reach my 90 target (5891) and collect some 84.5 points. £1309.00 per contract traded
The market rose steadily for over 3 hours and was approaching 91 (indeed, it was at 5887.5!) when I had to exit. I knew I was well ‘into the money’ and wanted to wait (I already had a Sell Limit Order in at 91), but I didn’t want to move my Stop and leave my equipment un-attended for 2+ hours. (Disaster if I got disconnected!!!) So, circumstances forced me to Sell at Market and I got Filled at 2:14 (London time) at 5878 giving me 71.5 points for the trade and netting me 57.5 points for the day. I accept the fact that I didn’t adhere to The Rules as the target wasn’t reached and the market subsequently moved in a Southerly direction to Close in the 30′s (5841 actually). I was quite fortunate in bailing out at the time I did! No, I am not giving the money back! Fact is, and more importantly, I’m no longer a paper trader!!! I am now about to become a Stage 2 Player!!! (And all thanks to you, of course!!!) I hope this is the very last ultimate long message you ever get from me. I will, however, still question and have questions, but they will be shorter, I promise!!! I hope I haven’t been too much of a trial for you Thanks for persevering! Bob! £891.25 per contract traded
Just for the record I have ordered PAT and on the advice you gave me on course I have waited until the market paid for it! I think it will help my learning process but I will not break my plan for BF DAYS. Steve Lyons
Hi Martin, You haven’t been dozing again on that patio of yours ? Have been stopped out once very close call on the stop .but I lost the argument Now short again with 12 points locked in Good morning to Steven if here is watching AND learning today Regards, Howard £186.00 per contract traded
Took 29.5 points on short side ..got an appointment.. wouldn’t like to call it just because I shall be away if it does 90 !!!! David £457.00 per contract traded Hi Martin I went short at 6114. Stopped out 6071 for 43 points. Like you I thought it was looking sluggish. Now waiting for retrace or return to zone. Maybe delay day tomorrow which may go well with the US back in. Thanks for the confirmation. Best regards Derek £666.00 per contract traded
Hi Martin, I did a carbon copy of your trade apart from the entry point which was 6106. I drew support levels from 2nd July of 6086 and then 6058. I thought there might be a problem in breaking through that. + 41 points Mike
Hi Martin,Report:In early, linked up.1 Short 6115.5 – usual problem stop too tight stopped at 6130.5 = -152 In again Short 6115 – stop too tight stopped 6119 = -3.53 In Again short 6115 – 2 hours later needed to go to meeting pulled in tight to 6063 stopped at 65 = + 50 pointsNow if I had followed the rules stop at 6146 would have been better.I’m probably going to break now until the next BF day while I get things sorted out here! CheersJohn £775.00 per contract traded
HI Martin, Grabbed £406 net today. It was like pulling teeth !I noticed an isolation tick at 6052 which turned out to be the bottom. Closed my stop down to 6073 and was taken out. Hopefully a delayed day tomorrow! Cheers Phil Sawyer
Many thanks for the warning I was short at 6114 and escaped at 6068.5 for +45.5 Went short on spread also at 6111 and got out at 6065 for +46 All in all a very good day (though nerve wracking when it broke the mid for the second time at 09.50) All the best Peter £713.00 per contract traded
I waited and I stuck to MY strategy and look what happens I have continued to make good!!!! On Friday I got stopped out for 10 + 6 = 16 points But overall the 3 day event has returned a good profit points wise and also some small amount of cash !!!Howard
Yesterday got stopped -31.5 pts and lost 42 points on spread bet. Went long on spread and took 71 points @ £20 out which recovered the day but didn’t have the confidence to go long at 5908 which should have done for a proper 90 points. Did you??? Regards Peter Baker £1420.00 per contract traded
Hello Martin Did short it from 57, I had 42 in the bag at one stage but was to generous with the retrace and ended up with 20 then had to work from 11.30 daxtime. Gutted that I missed the afternoon going long, next time. One thing Martin I didn’t understand why you got stopped out at 52 on your first trade, your s/loss seemed very .close or did I miss a signal Best regards Gary £806.00 per contract traded
Hi Martin I did well this morning taking 40 points, 5865 to 5825, on the short but as has happened too often, the day job took me away from the real action. I am still trying to work a strategy (for work not trading) that leaves me able to concentrate properly as I start responding emotively, we know how destructive that can be, if I get distracted. I am only dealing on BF days. In general I do tolerably well but could do better. My day job is going too well for my trading business. The difference being how I want to live. Anyway what can I say to except thanks again. Best regards Derek. £620.00 per contract traded Out at 5998 .
YEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEES!!!!!!!!!!!!!!! £1390.00 per contract traded
A BIG thanks