Frequently Asked Questions About Recurring Forex Patterns
Q: Is this a scalping course?
A: Vic Noble and Forexmentor had released a Scalping course several years ago. This course includes a few of those patterns, updated to include the market conditions and other considerations. However, it is not scalping per se. Scalping brings to mind the connotation that one is taking very small pips from very small time frames usually in very frequent intervals from the market. This course is a short term day trading course, rather than 'scalping'. You will be taking profits and moving out of risk rapidly, so in that sense it is 'like' scalping in the earlier course. We choose the words, Short Term Day Trades, instead of Scalping to define the content of this course. The 6 patterns portrayed for these trades can occur in any session of the 24/7 Forex market day.
Q: How is this different from your previous London Close Trade Strategy course?
A: The London Close Trade course presents specific parameters that apply to the market action that occurs every trading day between the hours of 10:00 AM – 1:00 PM eastern 'NY' time. The London Close Trade setup is one that occurs when the pairs range has been exceeded coming into the LCT time frame, and then has a qualified setup. The trade is over either when stopped out, scaled out with profits, and/or the time frame has come to an end.
This RFP course DOES address trades that can also be taken during that same time frame, but only when the conditions apply for each of the trade patterns. This course is an ideal companion course to the LCT's, because there are not LCT setups every day, and even when they do setup, not all pairs have qualified setups on any given day. These patterns can then be traded when there are no qualified LCT setups, allowing one to take advantage of moves at the London Close that produce pips, but just are not qualified LCT's.
Of course the RFP course has application in other sessions at other times. The fact that these trades also work with the LCT time frame is an added bonus. When trading these setups during the LCT time frame, one just needs to keep in mind that that time of day is generally a counter trend move time of day.
Q: How many patterns do you teach us?
A: There are 6 patterns in this course. See course preview.
Q: Do these patterns occur everyday?
Yes. We have not found a day when there is not at least one set up in one of the sessions. Generally you will see multiple trading opportunities for the use of these patterns in each of the trading sessions, London, US, and Asia.
Q: Will you continue to track your performance?
A: We have plans to continue tracking our performance for the time being. As time goes on, there will be end to the tracking/publishing of the performance. Understand also that we are tracking the trades that 'we' take, and showing others that occur. We do NOT get or take all of the trades that the market presents in any session or day. However, there are actual examples of trades in such a quantity provided with this course, that the patterns and how to manage the trades should be very clear to the student/trader.
Q: Will you continue to provide new videos of trade examples?
A: Yes we will continue to provide sample videos in the Daily Trade Replay Service.
Q: What Is Included in the Training Program??
- A full featured video course by Vic and Shirley
- Over 85 recorded videos of how to trade and manage various patterns in live market conditions
- Two bonus courses to get you up to speed on the Noble Entry Method and Forex Support and Resistance Levels. You will need to understand these concepts in order to trade the patterns effectively
- Follow up webinars where you can ask questions about the techniques presented in the course.
- Ongoing sample trading videos
- Email support
Q: Before I purchase the Recurring Forex Patterns course, could you please clarify what constitutes a single trade in the results spreadsheet: Is it a single round trip in/out or is it the accumulated in/out positions associated with the original entry? In other words can there be 1,2,3 or more entry/ exits, some positive, some negative, summarized into a single trade entry in the spreadsheet, similar to Shirley's loss mitigation trades? I'm trying to get a feel for the trading style and if there are loss mitigation trades then I assume it's not a set & forget but rather an actively managed process. Thanks for your help. The results look very appealing.
A: All trades in the RFP program are single trades, they are not combined forthe day like in the London Close Trades. The LCT's are a very different trading style (mostly counter trend) and are combined for a very short window of the London Time frame. The RFP patterns set up in any of the sessions of trading and are separate and individual.ORDER FULL COURSE NOW!
Disclaimer: Past performance of this and any trading methodology is not necessarily indicative of future results. There's no profitability promises nor claims being made. Individual trader's result will be different.
Risk Disclosure:Trading currencies on margin involves a high level of risk which may not be suitable for all investors. Leverage can work against you just as easily as it can work for you. Before deciding to trade currencies you should carefully consider your trading and financial objectives, level of experience, and appetite for risk. The possibility exists that you could sustain a loss of some, or possibly all of your trading capital. Therefore, you should not fund a trading account with money that you cannot afford to lose. It is recommended that you seek advice from an accredited financial advisor if you have any doubts as to whether currency trading is right for you. No representation or guarantee is offered or implied as to the trading results that may be attained by applying concepts presented herein. Any losses incurred by traders unsuccessful in applying these ideas or methods are the sole responsibility of the trader and Currex Investment Services Inc (d.b.a “Forexmentor”) and its principals, contractors and assigns will be held safe from prosecution in any form.