Category: Trade Comments

How to Backtest the High ROI Trading Systems-Part One

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Here is part 1 of a backtesting mini-course that I have added to the main courses, but can also be bought separately.





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Classic High ROI Parabolic Move

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Here is a classic High ROI entry into a Parabolic Daily Move

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How Will You Know When You Are Successful?

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In this video I show one of my topics which I am adding to my Trading Success Course-The course is being updated and improved to provide a complete resource for traders to improve their trading mindset.

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Interesting Aud/Jpy Setup

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Here is a video showing multiple push-pulls through the different time frames, monthly down to the 30 minute.

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Update on On USD/JPY Trade (On This Weeks WatchList)

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Here is the video update on the progress of the USD?JPY trade that was on my watch list (see On This Weeks WatchList).

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High ROI Trade on Monthly Gold Chart

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Here is a high ROI trade analysis on the XAU/USD monthly chart, watch and enjoy.


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On This Weeks WatchList

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Here is what I’m watching this week. Watch and enjoy.

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Price Action Trading: Profitable Technical Analysis Patterns You Find Every Day

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Here is my latest video on a chart pattern which is reliable profitable and occurs every day.

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Trading The Monthly Forex Charts

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In this video I look at trading the monthly charts..enjoy.

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Are You Still Confused?

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In response to a recent student and reader survey I created the video below
watch and enjoy!

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Finding the Time to Trade Successfully

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Here is another post in response to a recent survey, watch and enjoy!

High ROI End of Day Course

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Check out my new book…

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I recently wrote a new book in the ‘Trading Psychology Made Easy’ series to address the No. 1 trading issue faced by the majority of my readers and students. You can check out the Kindle version here.

Or the PDF version here..

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How to Become a Patient Trader

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The results of the survey are in and by far the biggest problem was not being patient enough, hopefully this video will help.
Watch out for my next posts in response to reader answers.

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Price Action: Trading The USA Election

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Here is how you could have traded the USA election results, watch and enjoy!

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Profitable Trading Pattern:Eur/Cad

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Profitable Trading Patterns Here is a megaphone channel watch and enjoy.

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Perfect 10XROI Trade on Aud/NZD

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Here is a perfect 10XROI trade with all the ducks in a row-watch and enjoy…

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10XROI GBP/USD Trade: Price Action

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Here is a simple 10XROI Trade on the GBP/USD using trendline confluence on the monthly and daily charts.

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50-20,000 in One Week MM Case Study

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In this video I talk about one of the sacred cows of trading a ‘Fund manager’ type money management versus ‘Fast Compounding’.The currency is Euros not Dollars as I said in the video.

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The Holidays are Over and it’s Back to Trading

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Here is my first trading video after the summer break. High ROI trades on US Oil.



Click here to watch this trading video on Youtube

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Post Brexit GBP/USD Final Update

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Here is the last of the three post-Brexit videos featuring the fall and rise of the GBP/USD and I am doing this post after the surprise announcement from the BOE to keep interest rates unchanged confounding the markets who widely expected a rate drop. The question is could you predict the results and trade them using my systems and in this video I show that in my opinion price moves in very obvious ways that can be easily predicted regardless of the fundamentals.


Click here to watch this Post-Brexit trading video on Youtube.

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Brexit Trade Using 30 Minute Push-Pull Day Trade Entry

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Here is an update to the previous Brexit video using GBP/USD


Click here to watch this Brexit GBP/USD trade on Youtube.

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Post Brexit GBP/USD What next?

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Here is my first Brexit Video, where I think the GBP/USD will go next.


Click here to watch this Post- Brexit trading video on Youtube

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10XROI Trade on Eur/Cad Rinse and Repeat

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Sometimes I get the feeling that I am just repeating myself showing 10xroi videos because the setups are doing the same thing again and again, but that is what trading is like, doing the same things again and again and doing them well. Enjoy…


Click here to watch this 10xROI video trade on Youtube

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10XROI Trade on Aud/USD

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Here is an interesting 10XROI Trade, it is all about the decision process behind taking a trade that may not look ideal, enjoy!


Click here to watch this video on Youtube

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New Trading Psychology Book Out Only $0.99

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My new trading psychology books is out new and comes with a FREE six-part video series on trader-psychology I recorded a while back
you can grab it Here now for only $0.99.

Trading_Psychology_Made_Easy

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High ROI Trade on Weekly Chart

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Here is this month’s trade analysis using the weekly chart as a basis for a push-pull swing trade. Enjoy!


Click here to watch this video on Youtube

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Lessons in Bravery

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I have just been listening to a Tim Ferris interview with Caroline Paul (author of The Gutsy Girl -Escapades for Your Life of Epic Adventure) who is one of the few female firefighters in the San Francisco Fire Department as well as a pilot, white water rafter and all-around adventuress.

What really caught my attention though was how she described dealing with fear, she observed fear as though she was looking at at wall of bricks and fear was one of the bricks, she then asked herself what weight she wanted to give the fear in what she needed to do, she then remembered the importance she attached to feeling brave, she then pushed the fear somewhere else at the back of her mind as she decided not to allow it to be of importance.

BRICKS1

To have bravery as one of her core values and then choose to be brave and place low emphasis on fear during high risk situations is a strategy that a trader can learn from. Can you create an image of your emotions which you can manipulate such as a pile of bricks and assign emotions to them and move them about according to importance?

BRICKS 2

Maybe use another mental construct if bricks don’t do it for you, something that you can move around and control. This all depends of course on being able to distance yourself from your emotions rather than being hijacked by them; a key skill for traders.

Click Here for the Podcast

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Multiple High ROI Trades in Oil

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Here is a quick video showing how to find multiple ways to enter into the latest oil slump.


Click here to watch this video on Youtube.

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Create Your Trading Success in 2016

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This month saw the launch of a new Trading Psychology self-help course “Create Your Trading Success in 2016”. You can check it out HERE.

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3 Easy Trades on NZD/JPY

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Here are some easy entries into a move using the 4-hour chart for a base where on the daily chart it would have been difficult to spot.


Click here to watch this video on Youtube.

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STUDENT Q&A : RECOGNISING A PUSH-PULL

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Here is a quick video answer to a recent student question.

“A quick update since starting your course.I’m going through the initial 10 x ROi again as I didn’t manage to nail it down the first time. I have been struggling to identify which candle would be number one as a push pull and why.”


Click here to watch this video on Youtube.

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Three High ROI Trades on Gold

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In this video you can see multiple opportunities for 1-10 and 1-5 ROI trades.


Click here to watch this video on Youtube.

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Easy 1-10 ROI on US Oil

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Here is a quick video showing an easy 10XROI Trade on US Oil, enjoy!



Click here to watch this video on Youtube.

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How Can I Trade When I’m Asleep?

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Here is a question from one of my students and you will see my answer below

“I have read the 10XROI book, and it has inspired me to work on my own setups. The one difficulty I have, which would be the same difficulty as with your system, is that going down in time frame from the daily charts to the hourly charts is a bit problematic for me. I live in New Mexico and I’m asleep during the early trading hours in London so I miss the reversals that occur then.

For example I went long the EUR/GBP at 10:00AM NY time on 11/23, on the hourly pullback after price broke the horizontal range. It was moving in my favor nicely until the early trading hours in London today, when the Italian retail sales numbers fell short. I was shooting for the 10XROI target, made it to about 7XROI. I was taken out at breakeven, had I been watching I could have made 30 or 40 pips.

I had the fleeting thought before I went to bed that I should move my stop, because of the coming holiday, and low liquidity, but I didn’t. I realize this is something you warned about in your book, and I get to experience it on my first trade! (Thanks for that trading Gods)

However, my interest has been peaked and I’m really excited about moving forward with my version of the 10XROI system. One modification I’m thinking of making is trailing on pivots on the 4 hour, or 60 minute charts, what are your thoughts about that type of trailing stop?

Best Regards,
Michael Morse”

My answer to Michael is this

Michael, When you are setting a take profit you need to take into account certain things and adjust your take profit accordingly but it should never fall below a 1-7 ROI, I don’t trade the EUR/GBP because in my opinion it is not a good value pair with a low daily range and a comparatively high spread, if you had been trading another pair you would probably got your 1-8 or 1-10 ROI.

You should not have to stay awake to take your profit, your stop loss is in place and unless an unusual event occurs such as a large parabolic move followed by a pin candle (by which time you should have hit your profit target) there is no reason to exit the trade. These trades are designed to be low stress and with low screen time.

The problem with using a trailing stop is that you can be taken out at a 1-3 roi, 1-5 roi etc with pull backs which completely skews the numbers of the system.

However here is the caveat, you are adapting the 10XROI system to suit your way of trading and if it is working for you and making you profit after you have adapted it then that is fine too.

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I’m 260 Pips Up, What do you think?

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Here is a message I just recieved from a student and im going to give some advice which you may find helpful.
(see message below)

Hi LR

Just thought I’d update you on a 10xROI trade I’m currently in. Up about 260 pips so far (1:5R). It’s progressing quite well. Let me know what you think.

10XROI Trade – 19/11/15
Daily Setup
Push-Pull setup after a momentum move with candles hugging 3MA in a down trend

1

Hourly Setup
Break of mini support
50 pip SL, 500 pip TP
currently +261 pips -moving to be

2

My first comment is well done to Kevin as he is pretty new to this system and he’s doing great so far!

1) Here is how I would handle this as it is over a weekend, I would close the trade and re-enter at a better price if possible, unless Kevin is based in the UK and can use a spread betting broker with a guaranteed stop.

The reason is that there can be a gap over the weekend and it may not be in his favour, also the trade has already moved a long way and is due for a pull back as you can see by the last candle which is a long candle.

Generally price opens at around the same point as it closed on Friday but this protects your account in case of weekend gapping.

2) I would look at the context of the trade which is at the end of a run and adjust my expectations accordingly, as you can see price had already moved a long way down and had bumped up against some previous support so I would be minded to start moving my stop loss and be willing to exit at a 1-7 or 1-8 ROI.

But in any case well done to you Kevin!

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Multiple Time Frame Analysis: 1-15 ROI on EurJpy

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Here is an easy Eur/Jpy trade that you could get a 1-8 ROI or a 1-15 ROI by using my pyramiding techniques, it shows how to use a multi-candle push-pull.


Click here to watch this video on Youtube.

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Easy 1-20 ROI Pure Price Action

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Easy way to get a 1-20 return on a trade taking very little time and using a day trading entry. watch the video to learn how.


Click here to watch this video on Youtube.

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PRICE ACTION TRADING 1-30 RISK to REWARD

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Here is a great and simple trade which would have given a minimum of 1-8 ROI with a potential 1-30 ROI or even more if held till the daily support .


Click here to watch this video on Youtube.

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CAN YOU PREDICT BLACK SWAN EVENTS JUST USING PRICE ACTION?

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Heres a quick video showing how you could have predicted black swan events just using technicals.

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This Makes my Job Worthwhile

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When I get a letter like this (see below) I can really see what the impact of my teaching is, it just makes the effort feel worthwhle. ——————————————————————————— LR Thomas Hello Ms. Thomas, I’m sending you a quick email, although…

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Example of a Day Trade using a Daily Push-Pull

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See an example of one trade using the Daily Push-Pull as a foundation, there are 6 different types of setup available in this course so you should be able to find High ROI Day Trades nearly every day. 

GBPNZDDaily

 

Here we can see the context of the trade an upward move followed by an upward daily channel with a third bounce off the lower daily trendline.

GBPNZDDailypp

​Here we see the pushpull candle 1 is a small candle followed by candle 2 the much larger push candle, candle 3 pulls back to the close of candle one. the pushpull zone is between the open and close of candle one which is where we look for an entry which we find on candle 4 the following day.

GBPNZDM301We go down to the 30 minute chart to look for an entry and see an overnight megaphone channel on the 30 minute chart
the orange dashed line is the 30 min resistance which is broken. the dashed green line is the push-pull level.

GBPNZDM51On the 5 minute chart there are 3 entries
<GBPNZDM30tp123
​The take profit could be a minimum of 1 -3 ROI


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High ROI Day Trade on USD/JPY

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Here is a video you may find interesting, a High ROI Day Trade from my new day trading system, soon to be released.


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EASY 10XROI TRADE ON EUR/CAD

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Here is an easy 10XROI Eur/Cad trade.

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10XROI Trade on USD/JPY

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Here is an easy 10xroi trade on the USD/JPY…Enjoy!

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Trading Opportunities April Recap

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There were some really good trading opportunities in April using Daily momentum as your starting point. Watch the video to see more.

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Student is 1002 Pips Up in the Last 2 Weeks

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Message from a student of mine (see below)

Hi LR
Just wanted to give you a heads-up on the trades I’ve taken over last 2 weeks (since 19/11/15) – 1002 pips – with very good ROI. Yep, I think it’s working 😉

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Mindset Video Post: A Good Trade

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I just made a quick video to talk about an insight I had the other day that you may find helpful, I know I do!

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Easy 10XROI on the Eur/Nzd

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Here is a short video showing an easy 10xroi trade on the Eur/Nzd

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Adding Weekly Push-Pulls to the 10XROI System

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One of the biggest complaints I get about the 10XROI system is that there aren’t as many trades as my students would like and sometimes you may have to wait weeks for a trade. In this video i go through how to use weekly push-pulls and show how you can really increase the volume of trades by adding in these weekly setups. ps There is also nothing to stop you adding in monthly push-pulls as well!

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How to Stop Over-Trading Now in Audio

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My trading psychology book How to Stop Over-Trading is now available in audio book format at the link below.
http://www.audible.com/pd/Business/How-to-Stop-Over-Trading-Audiobook/B00TEE8NF2
2015-03-01_0310

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Price Action Forex Trading..Lovely 10XROI Trade

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This is a continuation of the last Eur/Aud trade that I talked about so watch that first if you haven’t already!

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Losing Trade Analysis on Eur/Aud

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My trade videos usually analyse winning trades but i thought i would show a losing trade in this video because it is useful as a snapshot into what risk assessment is on a potential 10xROI trade.


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Overcome Your Fear in Trading Now in Audio!

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My trading psychology book Overcome Your Fear in Trading is now available as an audio book on Audible, Amazon and Itunes

Here is a UK link http://www.audible.co.uk/pd/Business/Overcome-Your-Fear-in-Trading-Audiobook/B00SYVSSMY/

Here is a US Link http://www.audible.com/pd/Business/Overcome-Your-Fear-in-Trading-Audiobook/B00SYVXHA2/

2015-02-02_2210

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Why Focus on High ROI Trades?

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One hidden benefit of a high ROI trading system over a high Probability trading system is that you don’t need to be the best trader in the world to make money. Some time ago I bought a day trading course…

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Aud/Usd Trade using Technicals AND Fundamentals

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I took this trade last week based around a fundamental as well as a technical reason. Watch the video below to find out more.

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Flow Like Water in Trading

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In my recent webinar I talked about moving from a system based mindset to one that ‘Flows Like Water’. I was sent this video by a subscriber and i think it says it all when it comes to trading!!

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How to Trade During the CHF Announcement

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I was looking at a trade yesterday to see what was happening to the markets around the time of the CHF announcment which removed the 1.2 level which the Swiss had been defending for the past three years. Here is a short video below showing what i found.

http://www.wsj.com/articles/swiss-franc-move-cripples-currency-brokers-1421371654

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Trading Success 2015-Webinar Replay

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Here is the webinar replay, unfortunately the chatbox stopped working during the webinar so people couldnt put in their questions!

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Control Your Inner Trader Now Available in Audio

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For traders who like to listen to books rather than read them, Control Your Inner Trader is now in Audio Book Format on Amazon
Click Here For More Info..

2015-01-07_150711

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How to Avoid Price Spikes

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I received a question about how to avoid price spikes from a student and I thought I would create a short video answer, see below.

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Kid makes $72 Million Trading the Stock Market

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I noticed this article about this Kid who was supposed to have made $72 Million trading the stock market. There is a lot of debate whether the boy Mohammed Islam actaully made that money although the latest news seems to be that he has made 8 figures, who knows?
http://www.cnbc.com/id/102269980

52ff36703c77ff45acceb7ed5f8140ca

Anyway the thing that I found really impressive was the http://leadersinvestmentclub.com/the-team/, (the members have banned Mohammed for misleading the public, the plot thickens),none of these guys are over 25, amazing!

What is it about young people that enables them to suceed, maybe they know no fear? maybe they don’t have all the baggage of years holding them back. In any case check out the site it’s interesting!

http://leadersinvestmentclub.com/the-team/

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Go For Low Hanging Fruit

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In this video I address a query from one of my readers about his Eur/Usd trading. Should you only stick to one pair? I answer in the video.(See the updated video in the other video I have posted below)

Trade Update

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New Market Rhythms Book Release

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I have just released the book Market Rhythms :Learn How to Read and Profit From the Price Rhythms of the Market
Only $2.99 on Amazon. This book will teach you how to understand market rhythms and how to integrate them into your trading. Market rhythm is applicable whatever time frame, trading instrument or trading system you use and will help you both increase profits and just as important, reduce losses!

This book was created because there is very little usable information available on market rhythms and how they affect your trading and yet it is a vital part of any trading decision that you make. Market rhythms apply to the movement of the market, candle patterns and chart patterns.

Price action does not form in a vacuum; there are transitions from one type of price action to another. The market tends to form rhythmic price action which then transitions through to non-rhythmic price action. By understanding what the market is telling you, you can make better trading decisions.

The book is presented in a nice and simple to understand fashion. Click Here to Check it Out

Market_Rhythms

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10XROI Trade Using a Scalping Entry

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Watch this video to learn how to turn a scalping trade into a 10XROI trade or even more if you use pyramiding techniques to hold the trade.

Pure price action, technical analysis using patterns and breakouts.

For Forex traders who want to learn how to become more profitable you need to go after low risk and high reward trades.
Watch the Video and Enjoy!

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How to Catch the Big Moves in Forex

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I have just released my new eBook which is a short and to the point guide showing how to catch the big Moves in the Forex Market
Click here to check it out.
51rR58HfDUL._BO2,204,203,200_PIsitb-sticker-v3-big,TopRight,0,-55_SX278_SY278_PIkin4,BottomRight,1,22_AA300_SH20_OU01_

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Using Stochastics in Your Price action Trading

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I don’t use indicators apart from moving averages to ‘see’momentum, however I did used to use a slow stochastic and it can be a very useful addition to your trading armoury to get a snap shot into the future.

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What I Love About Trading

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I know that there are a lot of difficulties in becoming a profitable trader, but there are a lot of difficulties in running any business profitably and in my other business ventures I am experiencing some of these difficulties at the moment. When these issues come up it hits me what great advantages there are in trading as a business compared to other businesses and in case anyone apart from myself needed reminding, I thought I’d just do a quick list here.

1. Easy to scale.. you can start with a tiny account and test out your system..if you lose money you have only lost a little but if you find a winning strategy you can scale more or less as big as you like. In other businesses this is much harder and if it is possible can require a large investment in marketing.

2. No customers,no employees,no employer,no office politics..in other words not having to deal with people who do your head in.

3. Time freedom, even if you dont make a huge living trading you can work hours that suit you, if you only want to work three days a week you can, if you only want to check charts at the end of the day you can, bringing your work time down to two hours or less per week!

4. Your risk is quantified, when you start up a business where you may have to invest in premises,stock,staff etc, you have no real idea what your risk is going to be, in trading you know.

5. No competition,in other types of business you always have the competition coming up behind you to try and grab your business, in trading you always have a market however many traders there are. It makes no difference how many traders flood the market as regards how profitable you can be.

6.No expenses except your trading account and maybe a trading platform, most businesses require outlay.

I know this is a very short list and there are probably a lot more advantages to trading but for me these are the main ones.

Bye for Now and Good Trading…

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One Chart Only Technical Analysis on Aud/Jpy 10XROI Trade

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Using only one chart to finetune a 10XROI trade on the AudJpy this month, going from the Monthly all the way to the 5 minute chart to get a great low risk entry.

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High ROI Trade on the EUR/JPY

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Here is a video of a High ROI Trade on the Eur/Jpy that could have been taken using the 10XROI System in conjunction with The High ROI Scalping System

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Second Cad/Jpy Trade

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Here is a follow-up to the previous video where I said I was waiting for a pullback to reenter the trade.  Watch the video to see what happened next.

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Cad/Jpy 10XROI Day Trade

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Cad/Jpy day trade taken today using the 10XROI trading system.  Simple and clean trade just the way I like them!

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Getting Out of Your Own Way

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Getting out of your own way in trading, great and short Ted talk on how to train your brain to ‘Get Out of Your Own Way’. The reason trading is so hard is not the technical side of trading but our brain stops us being in flow and doing what we know we should do.

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Aud/Chf Update Re-entry on Break

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In my last video post I talked about my 1-3 ROI trade on the Aud/Chf and talked about why I exited the trade. However I kept an eye on the pair and after much sideways movement at that four houly trend line area it eventually broke. I then entered on the 15 minute time frame and have just exited at the 0.8600 level.
re-entry1

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Aud/Chf Trade 8th September 2014

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Todays trade was a four hourly parabolic reversal on the Aud/Chf (I don’t normally trade this pair but the entry was so good I want for it.  Enjoy the video.

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Eur/Nzd News Trade Taken Today

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I normally try and avoid news announcements but sometimes when a great trade is lining up with the news you have to make a decision.  In this video I go through my thinking and show you my trading chart.

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GBP/JPY High ROI Scalping Trade Taken Today Video Post

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I found this GBP/JPY trade today which gave me an easy1-3 ROI, I forgot to put in the video that I took the trade at 1.30 about an hour and a half before the Cad Interest Rate announcement, however I did some research and it looked like there were no suprises dueplus I moved my SL to break even just before it hit.

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Recent 7-30 ROI Trade Spotted on Eur/Jpy Video Post

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Price action is livening up at the end of the summer and we are starting to see some good swing opportunities.  Here is a Eur/Jpy trade with multiple time frame entries.  Enjoy!

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Student Goes From Bacon to Filet Mignon With USD/CAD Trade

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>Here is a new trade  on the USD/CAD, a daily trend line break. Chart and comment  kindly provided by Theo who appeared in the last post.  Nice one Theo!

 

“More bacon….. A break of the trend line of the USD/CAD brought some nice filet mignon this time! Bacon is too common anyways.”
4hrusdcad

 

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Student Uses Weekly Push-Pull to Bring in Bacon

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In my last post and in my monthly newsletter I talked about the Eur/Cad as being a pair to watch in July, I also covered the two weekly  push-pull setups in my last video. Well a new student of mine set me this reply together with his chart, which I am reprinting with his permission.

“Thank you for the interest in how I was doing since I started the High ROI Forex Trading Course. Well I was successful with 2 trades! The EUR/CAD and  the AUD/CAD. especially the first one brought us bacon for a whole month. Just wondering how long it will take for such a set up it might take weeks. Do you see and possible trades that could develop in the near future?”

Here is my answer to him
“To answer your question , its vital that you don’t force trades whatever time frame you are trading. The more systems you trade in tandem the more trades there will be, however what is important is to master one system at a time.
Just be patient and build your account, compounding and high ROI trades will do the work. You just focus on taking the best trades you can find and continual improvement and using good money management. I do a newsletter which goes out monthly where I analyse the upcoming levels for the month as well as analyse the trades for the past month. Here is the link if you are interested,
$1-trial-huge-market-moves-newsletter/

Here is the chart showing the four hour entry on the Eur/Cad weekly push-pull.

eurcad

 

 

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Multiple Trades on the Eur/Cad Video

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In this video I am examing the different trades that were available on the Eur/Cad last month and how to enter using multiple time frame analysis and combining my different systems.

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Process Versus Results Thinking Chris Mathis From ForexMentor Agrees!!

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In my trading psychology books I talk about Process Thinking versus Results Thinking, Chris from Forexmentor, (home of Shirley Hudson in my highly recommended section) agrees, here is his video.

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How Many Trading Filters Should You Use?

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One of the biggest problems I see with traders and trading gurus is that they overcomplicate trading by using too many filters. The problem with adding more and more filters to your trading is firstly that filters will start to contradict each other, secondly you will become overwhelmed with the amount of information needed to be taken into account before taking a trade and thirdly there is no proof that having overly complicated systems actually improves your results. What type of filters am i talking about? Here is a list…

Lower and higher time frame support and resistance
Fibbonacci levels
Pivot Points
Murray Maths
Moving Averages
Elliot wave
Candle Patterns
Chart Patterns
Divergence
Multiple Indicators
Round Numbers
Average daily Range
Trend lines
Harmonic patterns
Gartley patterns
Higher time frame momentum
Correlation of other related pairs
Correlation of the Indices
Correlation of commodities
etc.etc.
——————————————

——————————————
The more filters that are added in the harder it is to make a decision, so here is a bit of advice. Go for the least amount of filters rather than the most.

You can trade successfully using support and resistance and candle patterns only.

You can trade successfully using chart patterns combined with a few candle patterns.

Go for simplicity rather than complexity, rememmber the only decision you are really making is will price go up or down and have you found the optimum place to enter that is low risk and high reward. Those questions can be answered using very simple systems with very few filters. I bought a day trading system some time ago which was created by a fantastic short term day trader, but she has multiple filters which she uses to make a decision which made the system too subjective and complicated for me. I like simple, simple can still give you a profitable system and much less of a headache.

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Two Day Trading Systems Combined for 1-5ROI

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Here is a channel trade using my new upcoming High ROI Day-Trading System which works alongside my High ROI Scalping System. You can see how exact the entries and exits can be when you combine channel trendlines, chart patterns, candle patterns and the ADR.

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Businesses You Can Run While Waiting for a Trade

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I have received a good amount of requests for some information on running multiple businesses while you trade. I have created a video on this topic and because it is rather lengthy I have only covered three businesses that are…

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Trade Management of GBP/AUD Trade (Video)

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Here is a video showing how and why I closed my recent GBP/AUD trade.

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Lovely 10XROI Trade on GBP/AUD (Video)

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Here is my analysis of a trade I took this morning, using multiple time frame analysis from the monthly down to the five minute charts.

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Autoresponder is Down

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>>Use the New Subscribe Box on the Right<< Many apologies to people who have tried to sign up or click links. The GetResponse website is down and none of their services are working. Hopefully they will get it fixed soon.…

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Building Other Businesses While You Trade

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I advise my students not to depend on solely trading income if they want to leave their jobs.  The time spent waiting for trade set-up can be usefully spent creating other income streams that allow time flexibility and stability of monthly…

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Why Trading Mindset is Critical to Success

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My trading mind-set books are the lowest sellers of my Amazon eBooks.  The reason for that is simple, traders generally want to learn how to make money and are attracted by the idea of a trading system with a high…

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How to Stop Over-Trading

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Just to let you know that my new eBook ‘How to Stop Over-Trading’ is now live on Amazon. If you have ever taken a trade that is outside your strategy,then this book was written to stop that behaviour dead in…

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Recommended Blog

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Today I have one recommendation to make re. a blog that I discovered through one of my students FXOutlier.  It stands for everything that I have come to learn (the hard way) about trading.  This blog is a great addition…

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Combo 10XROI trade on AUD/JPY

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I have been talking a lot about the AUD/JPY of late, here is the link to a previous post. Click Here Here is a video of a trade I closed yesterday on the AUD/JPY and my reasoning. (corrections) 4.06 exit not enter,4.24 my stop loss not roi

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Announcement re Free Coaching session

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Thanks to everyone who replied to the request for feedback about their over-trading issues.  I also got a lot of responses from people explaining why they thought other people over traded. Every reply was extremely useful and everyone who responded…

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Potential Short Term and Medium Term AUD/JPY Trades

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The AUD/JPY is hitting the upper trend line in an upward moving daily channel, in the short term it may provide a nice reversal counter move which could be entered on the lower time frames the four hour or the…

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New Book Coming Out!

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I am in the process of writing my next book, How to Stop Overtrading! I will be giving free copies of the book to those people who can add to the book by sending me their specific over trading scenarios,…

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Using the 61.8 Fibonacci Level on a High ROI Scalp Trade

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As a continuation to my previous comments about Fibonacci levels I show how I would use them if I were trading a High ROI scalping setup.

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FX Outlier

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One of my students runs a blog which is pretty cool, he charts his trading progress warts and all: Here is the link to his latest post… http://fxoutlier.com/2014/03/28/weekly-roundup-friday-28-march-doesnt-friday-suck/

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Could Your Diet be Affecting Your Trading?

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I just watched this fascinating programme by the BBC highlighting the different effects of a high fat versus a high carb diet on twin brothers.  The cognitive tests included a spell in a trading room where the effects of their…

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Why I’m Not a Fan of Fib Levels

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The reason I’m not a fan of Fibonacci levels is that I find them too subjective, supposing you get a reversal candle at the 50% level how do you know that is the one you should take?  You could have…

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Eur/AUd Trade Using All Four Systems!

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In the first example I analyse the Eur/Aud break using the 10XROI system with the High ROI Scalp entry and in the next video I analyse the same set-up using the Trade Around Your Job and the High ROI End…

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