mlee

Amen, my friend...
 
Ain't this the Truth!!

Some of his recommended reading:
 
1. “Chaos: Making a New Science” by James Gleick
2. “The Harmonic Trader” by Scott Carney
3. “The Misbehavior of Markets” by Benoit Mandelbrot
4. “Fibonacci Ratios with Pattern Recognition” by Larry Pesavento
5. “Geometry of Markets” by Bryce Gilmore
6. “Black Swan” by Nassim Nicholas Taleb
7. “Chaos and Order in the Capital Markets” by Edgar Peters
 
Also Pesavento's newest book, "Trade what you see" is highly recommended.
hxxp://[email protected]/document/2YVomMgF/Trade_what_you_see-by_Larry_Pe.htm
 
Nice interview
http://www.tr@[email protected]/interviews/view/311-futures_options_and_forex_derek_frey

I can confirm re: 1 of the mentors of J16.
 
And someone did post a stock trading course of his using similar concepts... but now he's into forex which is great news for us!
 
Pure Price Action, unbeatable.
 
He's running promotional webinars this week for the course, and has some good videos on the blog - i haven't looked in depth yet but will be making time for it!
 
 
http://www.f0rexf0rpr0fits.com/blog

Some of his recommended reading:
 
1. “Chaos: Making a New Science” by James Gleick
2. “The Harmonic Trader” by Scott Carney
3. “The Misbehavior of Markets” by Benoit Mandelbrot
4. “Fibonacci Ratios with Pattern Recognition” by Larry Pesavento
5. “Geometry of Markets” by Bryce Gilmore
6. “Black Swan” by Nassim Nicholas Taleb
7. “Chaos and Order in the Capital Markets” by Edgar Peters
 
Also Pesavento's newest book, "Trade what you see" is highly recommended.
hxxp://[email protected]/document/2YVomMgF/Trade_what_you_see-by_Larry_Pe.htm
 
Nice interview
http://www.tr@[email protected]/interviews/view/311-futures_options_and_forex_derek_frey

Hi Abdulisback,
I don't see anything on his website that even remotely describes what you are suggesting. It is a wordpress site, a free site people can use to create a blog where friends can see your trading journey and comment on. Didn't see a single subscribe to view thread or a request for money anywhere. If anybody was selling a system from a free site, that would ring bells of a scam.
 
No one asked WaterskiGuy to reveal his method or asked him to prove anything, he is simply sharing his experience of 5 years or so, in which he has learnt, like probably everyone else out there will at some stage in their careers if they have survived, is that trading can be simple.
 
Accusing him of lying is a bit harsh, as he has nothing to prove to you or anyone else for that matter, something that has worked well for him, he has openly shared.
 
No trading system can promise only winning trades, it his how you as a trader can handle losses in the same manner as the winners will determine if you are successful in this business or any business for that matter.
 
Knowledge is King in business, whether you choose to acquire it through an experienced mentor or the university of hard knocks is entirely up to you.

I can confirm re: 1 of the mentors of J16.
 
And someone did post a stock trading course of his using similar concepts... but now he's into forex which is great news for us!
 
Pure Price Action, unbeatable.
 
He's running promotional webinars this week for the course, and has some good videos on the blog - i haven't looked in depth yet but will be making time for it!
 
 
http://www.f0rexf0rpr0fits.com/blog

Some of his recommended reading:
 
1. “Chaos: Making a New Science” by James Gleick
2. “The Harmonic Trader” by Scott Carney
3. “The Misbehavior of Markets” by Benoit Mandelbrot
4. “Fibonacci Ratios with Pattern Recognition” by Larry Pesavento
5. “Geometry of Markets” by Bryce Gilmore
6. “Black Swan” by Nassim Nicholas Taleb
7. “Chaos and Order in the Capital Markets” by Edgar Peters
 
Also Pesavento's newest book, "Trade what you see" is highly recommended.
hxxp://[email protected]/document/2YVomMgF/Trade_what_you_see-by_Larry_Pe.htm
 
Nice interview
http://www.tr@[email protected]/interviews/view/311-futures_options_and_forex_derek_frey

hi Hedgehog,
 
Do you mean the "Uni of Fx" course?
They had a few webinars on it the last few weeks.
 
I know Chris was mentored by D3r3k Fr3y way back when, who has a thread in the forum somewhere with some of his PDFs (not the course but still very useful). As far as I know, he doesn't trade exactly the same as D3rek but D3rek also runs his own mentoring course which I think would be pretty similar.
 
To be honest though, i don't know if it's worth the price..
 
The major advantage of the site would be the real-time alerts of the patterns but that can also be done manually to a degree... depends on how many pairs vs. timeframes you want to scan + PC processing power.
 
I'd love to hear of anyone else's experiences as well.
 
http://indo-investasi.com/showthread.php/6406-Derek-Frey-Inner-Circle-Harmonic-Trading-guides

I found the spreadsheet our friend jjames was using. :D
 
http://i56.tinypic.com/xpo6rk.jpg
 
It's Pr0 MT4 Acc0unt An@lyzer, a free tool downloadable from this page
http://technical-analysis-software.com/index.php?option=com_ sobi2&sobi2Task=sobi2Details&catid=4&sobi2Id=87&Itemid=26

New link
 
http://www.multiupload.com/Y23JF5FXYS

Sophisticated harm0nic trading software, a version of it is also used by Der3k Fr3y and also FxGr0undworks. It's based on the Zup indicator.
 
If you want to learn more, I highly recommend reading the ebooks posted here: http://indo-investasi.com/showthread.php/6406-Derek-Frey-Inner-Circle-Harmonic-Trading-guides?highlight=frey

Sophisticated harm0nic trading software, a version of it is also used by Der3k Fr3y and also FxGr0undworks. It's based on the Zup indicator.
 
If you want to learn more, I highly recommend reading the ebooks posted here: http://indo-investasi.com/showthread.php/6406-Derek-Frey-Inner-Circle-Harmonic-Trading-guides?highlight=frey

don't use EA's so not on this part of Indo much but i came across this site.....some may have seen it, some may not....loads of EA's.....enjoy
 
hxxp://desynced.net/fx/eas/eas.php

There are systems which work but you need the patience for the trade to come to you and guts to take the trade with a stop loss and a defined profit target. The problem is that even if we have the patience to let the trade come to us, and we do take the trade, we do not have enough patience for the enough profit to realise as in the back of our head we are always afraid with the attitude of "this is unbelievable, this method works, I better make a run with whatever profit I have made, Things are too good to be true". I am not saying this just for the sake, but I have had similar experiences myself and it is very difficult to change this attitude especially when you do not have enough funds to trade with. Taking your full stop losses, but not letting your trade realise its profit target is the main reason for making the systems fail for whatever system we trade. The whole system of trading is working with probabilities and although some would say that this is comparable to gambling, I would shorten it to organised gambling. In stocks it would be more so as you never know how a company is being managed when you are investing in it, but in Forex, it is not such as gambling as we are dealing with ecomomies of countries which do not turn overnight. Patience and consistency is the main key to making any system work. Even if a system works with 95% probability, it would not work if we were impatient and gutless.

I was on their webinar earlier this week but had to leave early. My initial thoughts were that the concept makes sense in theory - although personally I don't think there is such a thing as a "leading" indicator. The old vs new paradigm he goes on about I don't believe is a huge deal - some concepts were valid and some were common sense.
 
Their webinar recordings are here: hxxp://www.pipclub.c0m/HWC/
 
And website info: hxxp://www.pipclub.c0m/ShredderFX/
 
** replace 'xx' and '0' **

Yes, he wants you to get his intraday course .... but still, this is good information and he was selling it before as someone else mentioned. Plus I'd say most people would never have seen this before eg. Triangulation and maybe money management method.
 
 
@flowtrader
hmmm the indicators used to be there on the same page Freddie listed but's he changed it...
 
i think these are it, not 100% sure though coz I haven't used them yet.
 
http://[email protected]/wp-content/uploads5478/Indicators.exe
 
you know what to change ;)

Yes, he wants you to get his intraday course .... but still, this is good information and he was selling it before as someone else mentioned. Plus I'd say most people would never have seen this before eg. Triangulation and maybe money management method.
 
 
@flowtrader
hmmm the indicators used to be there on the same page Freddie listed but's he changed it...
 
i think these are it, not 100% sure though coz I haven't used them yet.
 
http://[email protected]/wp-content/uploads5478/Indicators.exe
 
you know what to change ;)

LMAO re: Poulos :D
 
I've been signed up to his email list for awhile and he released some very insightful videos in the last few months. eg. Top 3 Fx Trades for 2011, Trading the Bond Collapse, and Where to get rich in 2011 (QE2, fx wars and bond bubble)
 
Everything is connected these days, and I believe it's important even if you're a technical trader to at least be aware of the Global Macro themes and InterMarket / Fundamental Analysis. He seems very connected in the industry too which is beneficial for us. I like Ashr@f L@idi and J@ck Crooks as well.
 
I watched the videos awhile ago so don't remember the details but I do recommend them.... Enjoy!!
 
http://wealthinsideralliance.com/macromillionaire/topcurrencytrades/replay/
http://www.wealthinsideralliance.com/macromillionaire/GreatAmericanBondCrash/
http://wealthinsideralliance.com/macromillionaire/webinarreplay/

If you know what you are looking for, than finding it is rather easy. Do you know what
edges are available to a trader? If you don't, then you won't know a system that has one if and/or when you come across one. Do you know what truly constitutes sound money management? If you don't, then you will not be able to fully take advantage of any trading edge you may possess. It is easy to "want" lots of things, a profitable trading methodology included, but no one who has it is going to hand it over to you for nothing. The work required to become a consistently profitable trader is as time and effort consuming as any of the higher-level professional occupations out there ( doctor, lawyer, etc..). Put in the time and effort, deal with and learn from the frustrations, and the results will come. They won't come from a 5-minute post to an internet forum, that much I can guarantee you.

Trend determination -
 
Weekly - look for the last 3,4,5 candles to all be in the same direction, each one making new highs for longs or new lows for shorts.
 
Daily - after you find the weekly chart go down to the daily make sure it "looks" right, most of the time it will trending just like the weekly. On the daily chart you want to make sure that the last 15 - 25 trading days are moving in one constant direction, generally speaking. You want the trend to be smooth, smooth price action. Yes there will prob be a few retracements on this time frame but they will be small in size over all.
 
4hr - this is where we are hunting for a trade. We are looking/ waiting for pull back and a signal to trigger into the direction of the daily, weekly.
 
Stops should be placed 3 pips outside of last swing low for longs or last swing high for shorts.
 
People kind in mind that YOU don't determine your pip value or stop placement THE MARKET does.
 
Risk no more then 2.5% of your account value. So if you have 1000$ micro account your risk per trade starting out
until it is built up will be 25$.
 
If your stop is 25 pips away then your pip value generally speaking on us pairs will be around $1 per pip. If you stop
is 100 pips away then your pip value will be 25 cents.
 
Your stop amount in terms of pips will change with every trade just like your pip value what will not change is how much you risk on each trade .... always stays the same 2.5 %
 
READ THE BELOW OVER UNTIL IT SINKS IN .... it took me a long time to wrap my mind, head, thinking around the
statement.
 
------> YOU don't determine your pip value or stop placement THE MARKET does and the size of your account.
 
When you are starting out it's not about making money, that ONLY comes with experience, it's about getting good at acquiring pips. Once you get good at acquiring pips only then can you start to think about the $$.
 
Start small ie: micro account - if you can't trade penny or dime size pips to profitabilty then you certainly won't be able to trade larger size.

hi Hedgehog,
 
Do you mean the "Uni of Fx" course?
They had a few webinars on it the last few weeks.
 
I know Chris was mentored by D3r3k Fr3y way back when, who has a thread in the forum somewhere with some of his PDFs (not the course but still very useful). As far as I know, he doesn't trade exactly the same as D3rek but D3rek also runs his own mentoring course which I think would be pretty similar.
 
To be honest though, i don't know if it's worth the price..
 
The major advantage of the site would be the real-time alerts of the patterns but that can also be done manually to a degree... depends on how many pairs vs. timeframes you want to scan + PC processing power.
 
I'd love to hear of anyone else's experiences as well.
 
http://indo-investasi.com/showthread.php/6406-Derek-Frey-Inner-Circle-Harmonic-Trading-guides

Merry Xmas everyone - Eat, Drink and be Merry!! 8-)
 
Courtesy of [email protected]
 
PART1
More than just habits actually, these are twenty things that I've
found that all successful traders do, regardless of the market or
timeframes they use.
 
It's a way of looking at the markets that most people don't (but should).
 
After talking with over 250 traders these past 12 months, I started
to see recurring themes - patterns if you will - of that they were
all doing no matter what their trading style.
 
I think you'll pick up a thing or two.
 
 
PART 2
More than just habits, numbers 11-20 are about how these traders
think about the markets and the way they look at trades.
 
Some of them made complete sense, but I hadn't thought of it in
quite that way before. But once you hear it, you realize it's
something you should have been doing all along.
 
No more excuses - make these your own habits and your road to
profitability will become much shorter and straighter.
 
http://[email protected]/content/20Habits.php
 
http://[email protected]/content/20HabitsPart2.php

Merry Xmas everyone - Eat, Drink and be Merry!! 8-)
 
Courtesy of [email protected]
 
PART1
More than just habits actually, these are twenty things that I've
found that all successful traders do, regardless of the market or
timeframes they use.
 
It's a way of looking at the markets that most people don't (but should).
 
After talking with over 250 traders these past 12 months, I started
to see recurring themes - patterns if you will - of that they were
all doing no matter what their trading style.
 
I think you'll pick up a thing or two.
 
 
PART 2
More than just habits, numbers 11-20 are about how these traders
think about the markets and the way they look at trades.
 
Some of them made complete sense, but I hadn't thought of it in
quite that way before. But once you hear it, you realize it's
something you should have been doing all along.
 
No more excuses - make these your own habits and your road to
profitability will become much shorter and straighter.
 
http://[email protected]/content/20Habits.php
 
http://[email protected]/content/20HabitsPart2.php

Merry Xmas everyone - Eat, Drink and be Merry!! 8-)
 
Courtesy of [email protected]
 
PART1
More than just habits actually, these are twenty things that I've
found that all successful traders do, regardless of the market or
timeframes they use.
 
It's a way of looking at the markets that most people don't (but should).
 
After talking with over 250 traders these past 12 months, I started
to see recurring themes - patterns if you will - of that they were
all doing no matter what their trading style.
 
I think you'll pick up a thing or two.
 
 
PART 2
More than just habits, numbers 11-20 are about how these traders
think about the markets and the way they look at trades.
 
Some of them made complete sense, but I hadn't thought of it in
quite that way before. But once you hear it, you realize it's
something you should have been doing all along.
 
No more excuses - make these your own habits and your road to
profitability will become much shorter and straighter.
 
http://[email protected]/content/20Habits.php
 
http://[email protected]/content/20HabitsPart2.php

Merry Xmas everyone - Eat, Drink and be Merry!! 8-)
 
Courtesy of [email protected]
 
PART1
More than just habits actually, these are twenty things that I've
found that all successful traders do, regardless of the market or
timeframes they use.
 
It's a way of looking at the markets that most people don't (but should).
 
After talking with over 250 traders these past 12 months, I started
to see recurring themes - patterns if you will - of that they were
all doing no matter what their trading style.
 
I think you'll pick up a thing or two.
 
 
PART 2
More than just habits, numbers 11-20 are about how these traders
think about the markets and the way they look at trades.
 
Some of them made complete sense, but I hadn't thought of it in
quite that way before. But once you hear it, you realize it's
something you should have been doing all along.
 
No more excuses - make these your own habits and your road to
profitability will become much shorter and straighter.
 
http://[email protected]/content/20Habits.php
 
http://[email protected]/content/20HabitsPart2.php