Forex Training Blog

I’ve just had the privilege of interviewing another very successful student of mine - Kris. I first met Kris when I conducted a coaching session with him almost 2 years ago. I hadn’t heard from him in a while, so when he said he was passing through my town I went and met him for lunch. Of course we got around to talking about trading and I was just so impressed at what he’s done.

He has a level of patience and maturity and “knowing” in his trading that is really commendable. He has taken the information from our session and truly made it his own. What impresses me the most is his ability to really understand what’s going on in the market, and how best to trade it from both a fundamental and technical perspective.

You’ll hear Kris talk about the concept of having an edge, and what it really means, as well as his risk management that keeps his equity curve very steadily going up. In addition to that you’ll hear how he uses visualization to really ramp up his trading.

Interview with Kris is available at:
http://www.forexmentor.com/coaching/interview-kris-0308.html

Here’s an example of a trendline trade where profit consisted of 57 pips per lot per hour or $142.50 per hour over 4 hours.  Construct various trendlines and look at the divergence between MACD and price.

This forex training video is available at this link:
http://www.forexmentor.com/video/example-trendline-trade-patricia.html

There’s a story here worth repeating - what railroad tracks should look like at the end of a downtrend.  Railroad tracks consist of price collapses, closes low, opens low and then closes high. Then price reverses. 

This forex training video is available at this link:
http://www.forexmentor.com/video/end-of-run-determination.html

It’s important to reference the 15 minute chart to an hourly chart.  Wait for MACD on the hourly chart to turn before making decisions based on the 15 minute chart.  Making a decision on divergence prevents you from taking an erroneous signal. 

This forex training video is available at this link:
http://www.forexmentor.com/video/different-time-frames.html

It is at the heart of every trader to have such a command over their trading that they become financially independent. To know that each day you can confidently step onto the trading floor and extract money from the market with the other professionals. Greg Crisp from North Carolina has
done just that.
 
We cannot disclose Greg’s personal details, but over the past year, he has taken a small account and added many zero’s to his account balance and is now financially independent and trading full time. Listen to Greg’s interview with Forexmentor senior mentor, Chris Lori to hear how he
achieved his success.
 
Interview with Greg is available at:
http://www.forexmentor.com/pro/interviews/mar2408-greg-crisp.html

Looking at a COT chart for the Australian dollar and price action.  The divergence between hedge funds and dumb money say’s it’s game over. 

This forex training video is available at this link:
http://www.forexmentor.com/video/cot-02.html