Forex Training Blog

My name is Frank Paul, and I’m the developer of a course and weekly market forecast service available exclusively at Forexmentor called “Forex Profits with COT”.

The purpose of the course, which comprises seven modules with a total running time of more than 5-1/2 hours, is to provide you a thorough orientation to all aspects of the important Commitments of Traders report.

The purpose of the companion weekly forecasting service, the first month of which is provided to you free of charge when you purchase the course, is to assess COT signals and qualify them with reference to high-level Elliott Wave analysis for a total of 9 currency and 4 bonus markets we look at every week.

One of our subscribers recently emailed me his weekly results, which he indicated was helped along by our service: +567 pips in 4 days on three trades on GBP/JPY, and +737 pips total for the week on just two pairs.  While it is impossible to guarantee or even predict trading results you can expect from using our service, the important point is that your sense of confidence in trading may be enhanced with the quality of analysis we can provide you.

Please watch the following free, no-obligation video presentation that provides more information on our product: http://www.forexmentor.com/cot/aug1808/

I hope you enjoy the show. To find more about the Forexmentor COT service, please visit: www.forexmentor.com/cot/

Best of luck with your trading.

Sincerely,

Frank Paul
Forexmentor Team
www.forexmentor.com

Considerations:  I do not hold a holy grail, a crystal ball or rub a rabbit’s foot. If that is what you are looking for, you won’t find it on the computer where I’m seated. If you want a holy grail, the best I can offer you is this… max risk on total exposure should not exceed 1.5% of base (notional) non-diversified equity. Even that’s a little high. If you are a “holy grail seeker” it will cost you more than you will earn and I’m sorry I can’t help you.

My Trading Approach:  I trade FX cash/spot, outright forwards, DCI’s and some options, when necessary. It is important to be cognizant of the micro and macroeconomic environment and what is driving price, whether it makes sense or not. We engage in short, medium and long term trades combining both technical and fundamental aspects. Shorter term are more technical and less fundamental while longer term are more fundamental and less technically driven decisions. I trade technical patterns that consider volatility, range, time of day, fractals and Fibonacci. Fundamentally, my decisions are based on perspectives driven by Interest Rate Spreads/Differentials and Economic Growth.

I specialize in AUD/JPY, but also have a predilection for GBP/USD and consider other G10 pairs depending on where opportunities are presenting themselves per rate spreads and economic growth/weakness. My approach can be difficult to adapt, but once done so, it is surprisingly straight forward and simple. I know exactly what I am looking for in market dynamics. The approach suits a certain temperament and is not for everyone.

You can read the whole perspective for August 2008 at this link:
http://www.forexmentor.com/forex-trading-articles/aug08outlook.html  

This interview with Tony is different because he has just recently turned the corner in a very consistent way, after spending such a very long time frustrated with his results. What changed things for Tony was a conversation we had some time ago, and he decided that if I couldn’t help him, then it was time to quit.
 
Please listen to my interview with Tony at:
http://www.forexmentor.com/coaching/interview-tony-0808.html