Hey fellow traders,
The first baby steps of launching a new Japanese Candlesticks course with pro trader and money manager Muhammad Azeem have proven successful enough to justify splurging on a full curriculum, expanding further on this topic.
However, instead of bulking everything together into one big course – we will offer 5 distinct ‘levels’ instead, letting YOU decide where you need to start – or simply enrol for all 5 together, at a discount.
The course material takes the original discussion of Japanese Candlesticks, and hits it right out of the ballpark – culminating in the development, backtesting, and use of your very own trading system.
Here is a brief summary of each level’s content:
Level 1 – History and Basics
Next Session: Sunday, August 30 at 7:00pm EST
Japanese Candlesticks have been in use by traders since the 17th century…
But just how well do YOU know them? If you want to learn to trade with Japanese Candlesticks THE RIGHT WAY – this is the lesson for you.
Level 2 – Advanced Candlestick Patterns
Next Session: Tuesday, September 1 at 7:00pm EST
You will learn powerful candlestick patterns that appear during the London market session on the EUR/USD currency pair.
We will discuss different technical oscillators that a trader can use, and deal with proper use of stop loss placement.
In this webinar, you will also learn a new way to use moving averages to take your trading to the next level.
Level 3 – Trade Entry and Exit
Next Session: Thursday, September 3 at 7:00pm EST
You will learn proper use of support and resistance levels on an intra-day basis.
Anyone can enter the market, but it is a “Good Exit” that determines the success of trade. So, you will learn different types of exit strategies to close your winning trades with more profit.
You will also learn how to reduce risk in trading by using different types of trailing stop and money management techniques.
Level 4 – Your Own Trading System
Next Session: Tuesday, September 8 at 3:00am EST
Everyone wants to trade with the trend but how well do YOU know how to define a market trend and how to exploit it to make profit?
We will teach several methods to help you skip bad trading signals.
Webinar Attendee will be able to connect all the bits and pieces of information that they have learned through past lessons to create a workable day trading system.
Level 5 – Perfecting the System
Next Session: Thursday, September 10 at 3:00am EST
This session is the heart of creating our own day trading system. We will design, create and test a complete trading system during our less.
We will discuss different possible scenarios that traders encounter at the time of trading, including concepts such as risk-to-reward ratio, profit-to-loss ratio and maximum drawdown.
We will also use this session to tie up any loose ends from prior lessons.
Remember – the next lesson starts THIS SUNDAY (August 30), so hurry and reserve your seat before it’s too late.
You can learn more about the lessons and reserve your seat right here:
http://www.fxinstructor.com/eng/courses/jcandlesticks-reserve.php
August 30 at 7:00pm EST
Hey traders,
Don’t you just hate it when you screw up – twice? I’ve received several confused emails tonight wondering why Jay’s class was not held on Friday – and I quickly found the answer.
It seems that even though our last newsletter specifically mentioned Sunday, June 14, and so did our weekly schedule, the registration page was still showing the incorrect date. So it’s no surprise that some of you got confused – we are very, very sorry!
Fortunately you did not miss a thing – Jay’s free FX Strategy and Tactics Development webinar WILL be held at the right time – which is SUNDAY, JUNE 14, 7:00PM EST. Let that be a lesson for us – check, check, and triple-check the schedules!
The following topics will be covered:
- How to construct your basic trading process.
- Choosing the right research sources.
- Choosing the right strategy.
- Making a trading plan – and sticking to it.
- The Trader’s OODA Loop
- … and more!
This is a video summary of the Live Forex Trading Room session on November 20, 2007.
Today’s Summary, by Sunil Mangwani:
Its not necessarily every day that we get into a trade, nor do we need to enter a trade every day. We also have our share of losses. But for us, as long as we don’t have any formed confirmations based on technicals, we don’t enter into at trade. We spend the entire day here in the Live Trading Room analyzing the trades and different currencies using different tools to determine which phase of the price movement we are in.
Case in point, EUR/USD – for a couple of days now we have been looking for a Triangle Formation breakout on the H4 charts. We can see that the breakout took place to the upside – but the most important part, more so than the trade itself, is that we – and our members – are prepared. No matter which direction the breakout takes place in, we are ready with fixed targets, based on certain principles of Fibonacci Expansions which we use for targeting our Triangle setups. Read the rest of this entry »
This is a video summary of the Live Forex Trading Room session on November 19, 2007.
Today’s Summary, by Sunil Mangwani:
This was the first day of the week, and as the market opens, we generally try to look for gaps. Weekend opening gaps are quite effective, and there is a method to trade it. It usually succeeds quite well.
AUD/USD opened with a gap. The general theory is that when price opens with a gap, the market will come back to fill the gap most of the time. If the gap opens to the upside, we tend to target short trades. Subsequent to price filling the gap, it gives further clues on the expected further movement.
The gap begins to act as a sort of channel. As we can see on the AUD/USD intraday, price closed the gap, went beyond it, and came back to retest it, which gave us the indication that price would remain short for some time. Read the rest of this entry »
Hey Traders,
This is the third episode of our Secrets of MetaTrader video series. Today’s lesson is dedicated to installing indicators on your MetaTrader 4 platform, without having to dig around on your “C” drive looking for the right folder.
We’ve had A LOT of requests for something like this, so I hope you all find this extremely helpful and effective! If you ever need to install indicators manually, this is the recommended way.
Let me know if you have any questions or comments, and enjoy the video!
Hey Traders,
Welcome to another episode of Secrets of MetaTrader. Its been a while since we posted another update, but it was surely worth the wait.
Our second lesson discusses duplicating objects on your charts – something many traders can find very useful when plotting channels, Andrews Pitchforks, etc.
Another topic in today’s video is stacking indicators – placing one indicator on top of another in a separate indicator window. This is a very versatile feature that many traders ignore because they don’t know about it.
Let me know if you have any questions or comments, and enjoy the video!
This is a video summary of the Live Forex Trading Room session on November 7, 2007.
Today’s Summary, by Sunil Mangwani:
Out of intraday trade setups today, we traded just one. The Yen pairs were going crazy in the Asian session, and have been dropping like a stone. We managed to catch the GBP/JPY – and did not anticipate such a large move.
The Divergence was certainly there – a Bearish Divergence. We entered our Short trade based on our Fibonacci Fan levels, and price went far beyond the expected target levels. We did not ride the price all the way down, however. This trade was a good example in the room of the effectiveness of Fibonacci Fans in general, and how to use them. Read the rest of this entry »
This is a video summary of the Live Forex Trading Room session on November 6, 2007.
Today’s Summary, by Sunil Mangwani:
There was one intraday trade taken today which went off very well. I would like to concentrate on this trade today and the process which gave us the necessary confirmations to enter the market correctly.
It was a Yen pair on which we traded, but thats not how the trade started out. Lets have a look at the sort of correlations we were looking for.
We started off analyzing the EUR/USD. This pair has been in a bullish intraday phase, and we plotted some 1-2-3 Formations and applied our Fibonacci Expansions. Based on the Expansions, we knew that a certain level has yet to be satisfied. We were thus bullish on the EUR/USD, expecting it to go up. Read the rest of this entry »
This is a video summary of the Live Forex Trading Room session on November 6, 2007.
Today’s Summary, by Sunil Mangwani:
Mondays are usually slow days and today was no different – most of the currencies did not give us good technical setups. But I’d like to take this opportunity to discuss a particular strategy with you.
One of the strategies we teach at FX Instructor, called the GBP/USD Breakout Strategy, also known as the “Power Hour” strategy. We have refined this strategy and made it much more effective. This is a very powerful strategy, but there is one drawback – the rate of occurrence is relatively low. Maybe 3-7 times a month on average. However, when it does occur, the success ratio is astounding – we have the track record on our site if you want to have a look. Read the rest of this entry »
This is a video summary of the Live Forex Trading Room session on October 30, 2007.
Today’s Summary, by Sunil Mangwani:
There were a couple of intraday trades today, which we will go over before following up on the long term trades which we are into up to now.
On the GBP/CHF we identified a Bearish Divergence, which contributed to a Short trade, as pointed out by one of our members. The price made higher highs, stochastics made lower highs, and the lower high on the stochastic was quite below the overbought level of 80. This means the momentum has been decreasing in this rally of price which gave us the second high. This signifies a change of trend. This was a nice divergence, and we went in according to our divergence trading rules.
We plotted our Fibonacci Fans, and also used other fib projections to get our targets for a technically correct and profitable trade. Read the rest of this entry »
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