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vx13, you said that VSA has generated a great deal of profit for you but how do you decide what stop loss and take profit to use when trading using VSA? So far I have not come across any explanation of this so I'll really appreciate any advice you can share on this. Is it that VSA shows only the general background of the market, then we will need another methodology/indicators to know the best buy/sell price to enter the trade and the best stop loss and take profit to use for the optimal reward to risk ratio?

Thanks PyeR2. Looking forward to more info once you have relocated.

VSA can be used for forex as well using tick volume which works perfectly. You will find detailed explanations of this on the forexfactory forum.

Does anyone still have this. Can you please share it?

Yes, this looks very interesting.

Check out these reviews of Andrei's Pro Room which sound like real reviews, but who knows

http://www.forexpeacearmy.com/public/review/www.fxknight.com[/Code]

 

Here are some trading experiences of some of the students of Andrei's Pro Training

 

Sounds like good stuff to me.

 

And check out Scott Shubert for money management

and

 

Scott gives very clear explanations about money management and you can download a very useful Forex Calculator that will give you an idea of how much money you can make in Forex. The Calculator is named TmmForexIncomeCalculator.xls and you can download it at

 

 

There is a video there about the Calculator that you can look at. The Calculator shows that if you can consistently get only 20 pips per day starting with a $1000 account with lot size of $1000 (micro account) and risking 5% of your account with an average stop loss of 50 then within 12 months you will have $108,272. That's not bad at all especially since an average of 20 pips per day is very attainable but what is the leverage assumed by this calculator. So the only thing I don't understand about the Calculator is how does the broker leverage factor into those calculations. Can anyone explain that?

As far as I know, Andrei's Pro Training Academy which includes trading room sessions is not associated with the Rockwell Trading room. However, Rockwell does sell Andrei's 4-hour DVD on their website and they do promote his free webinars hosted on forexpros.com. It's strange though that I don't see Andrei selling his 4-hour DVD on his website so it maybe that the 4-hour DVD is just a compilation of his free webinars done by Rockwell themselves. Only someone who has the DVD will be able to confirm this.

 

Here is the Andrei's website where you can find out more about his Trading Academy and his Pro Training:

 

http://fx-knight.com[/Code]

 

Have a look at some of his free webinars and you will see what I mean when I say that his forex trading guidance is the best I have come across so far. Check it out and let us know what you think. I'm still a newbie so what may fascinate me may not have the same effect on advanced traders.

I too would like to know. If it has anything to add then it's worth purchasing. Whoever already has a copy of this please let us know if it has anything to add. Thanks.

 

From what I have heard so far from Andrei in his free webinars on fxstreet he seems to be giving the best guidance on forex trading that I have ever come across. He is the real deal. I would love to join his Pro Training for 6 months as it seems to be worth the investment but 1074 Euros for the entire 6 month period is quite a lot for me at this time, that's US$1,513. For the kind of info he will be sharing it's still cheaper than a lot of other courses out there though. He also published a book that tells it all. Any forex trading info from Andrei is worth getting.

can someone upload this to 4shared

Thanks for the advice.

Thank you very much soundfx.

Thank you very much for those spreadsheets. They are nice but the one I was referring to had editable fields with not only the starting amount but also the type of account (micro, mini, standard, etc), broker leverage, margin required, risk percentage, stop loss, etc, and it suggested an incremental number of lots traded as the account grew. It also included a percentage withdrawn as the account grew so you can know how much you can pay yourself if you so desired. It was very comprehensive and gave a clear view for a new forex trader to see how this can be practically done even starting with a micro account or even with $100.

 

Soundfx, I know that the tradingprojections spreadsheet shows the APPROX. TRADE AMOUNT of 38.20 and that can be converted to lots traded but it would have been nice to have all of that built in as I mentioned above. Thanks for the files you sent as they are very helpful.

Hi all,

 

There is a Forex Money Management spreadsheet I remember seeing in the past that showed clearly how easy it is to turn $100 to $160,000 in a year with compounding but I can't find that spreadsheet online anywhere. Maybe I saw it through googledocs after doing a search but it's nowhere to be found now. If anyone has this spreadsheet could you please share it here or send me a PM. Thanks.

Does anyone have an uncorrupted copy of McDady Trading Course Day 2, Part 1 video? Please upload it if you have it.

 

Also, are there indicators for MT4 that are equivalent to his indicators. Seems like most of us in this forum trade with MT4 so we would need his McDady Wave, Radar Radarscreen, Keylines etc. indicators but for MT4. Tradestation is too expensive plus as far as I understand you have to trade through their broker and I read some bad reviews about them. Is there a free version of Tradestation or some other trading platform that can use the Tradestation indicators?

alinacarson1 is willing to help but he hasn't visited the forum in awhile so if anyone knows how to contact him them please do so.

Can someone also point to where we can get a complete description on how to trade with this? Thanks.

I mean MerlinBrasil who started this thread.

From what I've been reading here, this Wolfe Wave system seems to be the closest thing to the Holy Grail and it seems like the Merlin trader figured it out. If anyone knows who this Merlin guy is then please contact him and ask him to post his template for the system and any updated development to the system. Come on folks, let's help each other succeed.

I only discovered Binary options (BO) two days ago and it looks very interesting. I too would like to know more about it. What is the best strategy to trade BO's? I heard about a course called OMNI11 that claims to teach a great BO strategy but it's very expensive, about US$3000. So far, from what I read, the downside to BO's is that there is a very high risk to reward ratio, eg, you risk $100 to profit $81. Of course if you can consistently correctly predict the direction of the market then that risk reward ratio does not matter. Anyway, we are looking forward to hearing more about BO's so if there are any experts on BO's in this forum then please share your knowledge.

I found the answer to my question in this thread

http://indo-investasi.com/showthread.php/1654-Money-Risk-Position-Management-Quantitative-Analysis...?highlight=Market+System+Analyzer/

 

And the best software tool to do the analysis is called Market_System_Analyzer.

Looks like good ol Jeff was mesmerized or maybe he just wants to make an extra buck. If or when Jeff's followers eventually find out that Steve's system is misleading they may stop listening to him. I respect Jeff but now I'll have to a bit more careful about quickly accepting his advice.

This is a request, so first of all, I hope that I'm posting this in the right place. If not then please let me know.

 

Does anyone have this ProSizer spreadsheet tool?

 

Although it is not a trading system or strategy, money management (MM) is a key component of every trading system and strategy so this MM analysis tool would be useful to confirm whatever MM system we decide to follow.

 

This tool is described on the following websites:

 

http://unicorn.us.com/trading/prosizer.html

 

and here

 

http://findarticles.com/p/articles/mi_qa5282/is_20080901/ai_n28055054/

 

The Futures 2008 article points out some flaws in the ProSizer Tool so does anyone know of a better tool to do this kind of analysis?

Yes, he is such a good marketer that he makes you feel that his system is the holy grail. On his site at

http://www.pipclub.com/ShredderFX/

he talks about growing a live account from $250 to $1071.37 (ROI of 328%) in the first month, then to $2443.01 (ROIs of 128%) by the end of the 2nd month and to $4499.70 (ROI of 84%) by the end of the third month. That's $4250 gain and an ROI of 1700% in three months - Amazing if true but that doesn't say much about his character if that is a lie. I suppose that is possible but what happened in the fourth, fifth and sixth months -- what is the max drawdown of his system?

$1997 is not for the indicator alone but for his entire course on how to use it. Maybe it's not hype at all but the only way we will find out is if we can get his course as well.

Anyone can share this yet?