Best Forex Trading Platform - US Currency Platforms - Software Reviews For Mac - 2014 - 2015 Review

Best Forex Trading Platform – US Currency Platforms – Software Reviews For Mac – 2014 – 2015 Review

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okay where to enter exactly and and this was the the big question that we had let the slider catch up here alright so this is a big question that we had and the big question that was repeated over and over so wanted to spend a bit more time on this we're going to cover the this section in the text format obviously we will go to the charts two charts answer the questions better than I could ever tape out in a PowerPoint so first and foremost you know question where did it where exactly enter so the first thing we need to do is we need to understand where we are at in the current smartmoney trend if you guys have been over the site you know we're looking at the market cycles market tends to cycle in that that three cycle pattern so we need to first identify where we're at in the cycle and you can write these things down and if you're putting together a smart money trading plan you should start with where are you at in the cycle that should be your your base first thing and when setting up a trading plan based on trading this far money cycles so that's that's the first and foremost point now the second point here is you want to make sure you're with within the two specific trading times especially when you're learning the strategy as you progress and become better you can you can gradually yeah I can and let me i'm going to write something in as well in the announcement real quick sound i'm sure is therefore for everybody but what i want to do is write in the announcement okay so if you do lose sound just go ahead and log out and then log back in and you will have sound so just want to note that at the beginning because i'm sure other people have issues so if you're writing this down i am going to leave it up for a little bit and it's you know absolutely essential especially again especially when learning as you become proficient those that have become proficient and maintain profitability can start to venture outside can start to do things that open up a few more avenues for taking trades based on the smart money trading strategy and the criteria that we do look for so first and foremost identify where you're at in the trend the second thing is make sure you're within the two specific trading times the London session and in this you know I I do think that trades between 130 and two are viable but just to be safe we say 225 a.m. Eastern if you don't understand what eastern time is really is in relation to where you're at go to google look at the world clock and it will tell you in relation to your specific time zone the New York section 8 to 11 a.m. now these are the two high probability x we're going to discuss why we create these times so that brings us to the next point why do we trade at these times you know what what's so special about those times this market not move between five and eight does it not move between you know 11am and 33 p.m. well yes it does but again goes back to the question why we why do we trade these times and as new sessions come on general order flow is processed that stacked up overnight this is hence why we see manipulation during these high probability manipulation times now what I mean by that general order flow is order flow that the banks have for worldwide commerce banks do not just move move money for speculative trading speculative trading is a large portion of you know of the money that is moved but if somebody is producing a product in the UK and they sell that product in the States and Australia and Canada they're gonna have to they're going to have to exchange canadian dollars four pounds they're gonna have to exchange US dollars four pounds they're gonna have to exchange you know the japanese yen for four pounds they're gonna have to exchange all these other currencies four pounds and that's what i term at its general order flow and that is processed through banks as well so keep in mind what general order flow is it's going to come into play as well as we progress through this webinar 'but so at the beginning of sessions this is when banks process the backed up general order flow that is that is backed up overnight or between the time that that specific areas trading time has ended and when they begin their trading the next day generally at eight o'clock so in that time where it's stacked up you're going to come in and have a massive stack quarters now the banks have two options one is just to process that order process the orders at the best price possible and not have any care is to you know as to how it will affect them or how it in fact the move the other thing they can do is they can save orders for specific times of the day and now that may you know in generally that specific time of the day is in this first three hour time period so the first three hour time period for london and the first three hour time period for the new york session so what does that matter for us well they use this money to manipulate the market people will ask and we'll cover this a bit more later so we'll get a little redundancy here but people ask if smart money are going to you know we talked about stop runs or we will talk about stop runs so if they're going to drive the price up because they ultimately want to sell into the buying pressure or if they want to run the price up to hit the stop switch are going to be sell orders and then dust buy into those selling orders or you know whatever side they're going on let's just say they're shorting the market so if they're driving the market up into a resistance point and then passed it what's beyond most resistance points well there's the by order which is a stop loss also the by order for those buying on the breakout and again we're going to cover this multiple time so if its first time over for you we're going to get a lot of redundancy and we're also going to go through the questions so we're going to hit this multiple times so if they ultimately want to sell but they know they have to drive the market up another 10-15 pips to go hit the stops the question is how do they how do they move the market up to go hit those stops you know if they were just simply buying the market wouldn't that wouldn't that defeat their original purpose of our original intended purpose which is ultimately to drive the market down and so that's where this general order flow comes into play they if they know they're going to short the market for the day they're going to process all those buy orders that come in the form of general order flow that's going to begin to move the market up which is going to move the market into the point they want which is that high probability manipulation area and again we're going to cover this on the charts and it will all come together so they're using that general order flow to move the market into those high probability manipulation areas so they're going to move it to push the market above highs or to push the market below a low as they push above a higher below a low they collect the stops and the strain the market in their direction the reason it's pushed through at the beginning of the day the day is because that's when they start their trends therefore they're going to manipulate before they start their trends so again that second point make sure you're within the two specific trading times that's very important especially when just starting out third point here identify the highest probability highest probability manipulation areas now one thing we don't have is we don't have access to orders meaning we don't have access to you know where the true volume is sitting one thing we do know is how retail traders generally trade and how retail traders on average place their stops now we're going to cover this again more fully in this section as well in the charts but what we do on a daily basis in the member section of the site we do a 15 you know 15 minute daily market review on a video format and we I not only say what the expected direction of the market is the following day but I also discussed exactly where I expect the market to start from and those manipulation areas are very often hit will discuss some that have you know some of the points we were talking about recently and those manipulation Ares are very frequently hit and it's not you know it's not some magic crystal ball that I have it's not some you know something that everybody else can't do is just a very simple question that I ask myself every day based on extremely common trading strategies and ways of placing stops you know where are the retail orders going to be and by answering that one question and answering where the mass of the retail orders are going to be this allows us to determine where the banks are going to go to manipulate the price the banks are going to go after the orders while we can't track the banks directly what we can do is track where the retail traders are going if we know where the retail traders are going and then we see the manipulation at these high probability areas that in itself tells us where the banks are or where the banks are going and again will become more visually clear as we progress ok so the fourth point here third point again wait for the high probability manipulation aires will discuss what those are coming up fourth point wait for candle confirmation before taking it trading this this specific point is more directly directly guided towards the original question which is where exactly to enter hey guys let me take a drink'll ok so again this relates more more precisely to where exactly to enter and so the fourth point is wait for candle confirmation before taking a trade everyone has a different comfort level one person may like another what one person may like another may not and so what I mean by this is different people have different ways of taking trades or different criteria that is going to actually signal the trade different things that may filter out a trade etc etc when it comes to actually placing the trade now personally one that I prefer is I prefer the confirmation entry it allows for tight stop which equals a better risk/reward which is extremely critical in fact if not one of the most critical parts to whether or not somebody's gonna be a profitable trader additionally the confirming entry tends to be safer as you are making the market show is reversing before the entry you know you're not just taking it as it comes into a level you're not just taking it once you see you know slight sign of reversal you're actually seeing in the case of using 15 minutes charts you're sitting 30 minutes a visual reversal before the entry is taken the great part about the confirming entry however is that like I said it allows for a tight stop most of the time you will trade confirmation for you'll trade confirmation for entry point and what I mean by that is the more confirmation you wait for generally the worst entry you get the beauty of the confirming entry is that not only do you get added confirmation but you also get a very tight risk reward now does this mean that sometimes you'll miss a trade because you don't see it setting up this way yes of course it does but when it does come together which is more up much more often than it doesn't it gives you not only the tight stop but also the added confirmation we're gonna fully cover all that crim yeah I'll take trades that aren't based on a confirm you entry we will get into that more specifically so let's go through these slides and we'll get into that a bit more specific as i said before i'm gonna try and really you know my i don't want my part to take up a huge amount of time I don't want to take up you know an hour we're 23 minutes I'm gonna probably go for another 10 or 15 and then we'll specifically we'll try to i'm a little bit long-winded but then we'll go to questions and filled all your guys questions before we head out move on 2.3 here so as the slide wants to go come on all right the confirming entry just ketchup it's important to remember that everything else must occur before taking a confirming entry and that that's you know all the other parts we talked about the other slide market cycle time of day high probability manipulation point etc without everything else preceding it it is simply a candle pattern and we don't trade candle patterns we're not candle pattern traders were not chart pattern traders without everything else behind it it means nothing you're going to see a thousand times throughout the day where it becomes important is when you have an understanding of the full smartmoney strategy when you understand market cycle when you when you've identified that you're taking a trade in the direction of the market cycle when you've identified that you're within the high probability manipulation times two to five am-9 to 11am and when you picked out the highest probability manipulation point then and only then when you see the staff run pattern at that point at that exact point you see the stop run topping formation at that point which will cover it up more fully as well then it becomes important without that criteria it is simply can a pattern and we aren't candle pattern traders you all have probably tried strategies that rely on trading candle patterns and i'm anna venture to guess that ninety-five percent would all tell this show the same thing in their in their account after trading a candle pattern strategy over the course the time they just don't pay off and that's I'm sure there's exceptions to the rule I'm positive there are for the mass majority the never can make handle patterns work and that's because a simple candle pattern is not enough to take a great in my opinion preferably the confirming entry is created over the course of three candles the entry is generally taken on the third candle however i will accept up to five candle confirming entries this will all be perfectly clear here shortly so is everybody have that wrote down if they want to write that down hopefully i can use move on here 3 15 minute candles correct miles it's taken on the third candles so what that means is that the first candle closes the second candle closes and once it hits the point of entry on the third candle that can be at the beginning of the third candle or sometime during the end the entry is taken so again that will be very clear here shortly moving on to the next point or the next slide here I'm going to go through when once we get to the series of questions I'm going to go through those a little bit a little bit quicker it's going to be a basic overview of questions and we're gonna hit the charts and then we'll hit your guys questions I'll go through what I've written written down as you know once we have a slide that pops up we'll start going through it there want to go through it very quickly and then we'll get on to your questions and the charts which are the most important when it comes to everything else we've talked about so some of the other questions I have had this is will cover about seven or eight questions and then go from there first question here is how often these trades come around a general good rule of thumb is we'll get into that Abdul if you guys want to save your questions for the end will after we go to the charts will have a full question answer section so how often these trades come around in general you're going to see one or two setups on a given day and that's you know that's a in average now if you just read the New York session you may see on average one quality set up a day it depends there's days where you know there's three to five there's days where you may see one set up through bull sessions so it really depends what we focus on is we focus on being as selective as possible and waiting for strictly the best points to enter so selectivity is is definitely a key second question that was a very very common question we got was do you use larger time frames to help determine bias we use the one hour chart to Plus determine the overall market cycle this one-hour chart gives us the best perspective of what we want to see we want to see what's happened over the course of the last three or five days beyond that it really doesn't matter based on what we're looking for so the hourly chart gives us a great view point in picture of the last three to five days which is what we use to determine overall market cycle a third point we had is was what we talked about with the with the injury that was a key question that we had quite a bit fourth point here how do you keep the confidence to stay in a trade now the confidence to stay in the trade comes from understanding how the bank's drive the market the confidence to stay in trade and you know comes from that complete understanding and once you've already seen the set up knowing that this setup is frequently going to pay off and in general knowing that these setups are high risk reward setups beyond that the confidence comes from not 0 not over leveraging on a trade and the confidence comes from from getting a good entry on that specific trade beyond that confidence is a comes with time because you're not going to have confidence initially what I mean by that is confidence like everything else this market comes over the course of time so that's it's important thing to remember but it comes from fully understanding having your direct trade plan knowing your exact trade plan and sticking to that trade plan so that's the you know that's really the key 18 when it comes that will go through to the see here one answer one or two more quick questions before we get into get into the charts here we talked about general order flow in times okay question we had that we we got quite a bit specific markers for banking activity this was one of the questions that they want to cover in the only true specific marker for banking activity is the stop run now what I mean by that is that is the the one thing that you can be assured of is telling you specifically somebody moving a massive amount of money is triggering the stops and with a high degree of certainty when you see it's not when you see a stop run that's the point you know we talked about how the market is ritas driven in three cycles it's not like the banks sit there and say okay we're in the first cycle we got to run to more to the upside or we've had the second push down well we have to have to run the market down the third push the fact that the market is cycled you know cycles and in runs of three is something that's been around longer than anybody in this room has been alive that's just the way the market cycles plain and simple so we can put two basic facts together that's the way the market tends to cycle and the bank's run the market so putting those two facts together what do you have well the banks tend to drive the market and three cycles so yes that's how they tend to do it but is that giving you a specific signal that ok hey the banks are entering at this point no that's a broad spectrum view what gives you that specific specific reasoning is the fact that you've seen a stop run you've seen some stop taking or you've seen a false plush which gives you a strong indication that you're seeing seeing the banks taking the stops and thus driving market in the opposite direction so I want to go to some charts here and we're going to start with just pulling up the charts that I use for the room so the charts are a bit marked up but I think this is good because it'll give us a bit of an overview when it comes to okay so first things first we're going to talk about going back to specific entries and what we'll do is we'll talk about entries that we actually took because I don't like the Monday Morning Quarterback things if this is an entry I got a video on of us taking the entry or if not a video that we actually didn't take in the live room I tend to not really want to talk about it because I like things that we actually did and we're doing in real time so the first thing we're going to get into is will go back to we talked about entries and the one thing that we talked about with entries was the confirming entry and that was the the basic prints for the basic question that we get quite a bit of and therefore it's something that that I wanted to cover when when looking at a trade here so let's get into see here okay this was a trade that this is a trade that unfortunately I ended up taking a break even trade on this I have the entry for this trade which will be posted to the site more than likely today I'll try and get that posted a little later on today it might be either today or tomorrow but this is on the girl going back to the 25th of sep tember it's a 15-minute chart and I'm going to shrink this down just a touch so you can see so you can see everything of the chart that way I don't the peak repeating what time frame it is so you guys should have that view of the Euro now looking at the year on the twenty-fifth this was during the asian session and generally i'm in bed at this time this is a trade where i was up i think i was working on it an email that we sent out or that i sent out to the list or working on something but regardless the first thing that that we were looking at i'm going to cover the New York session trade first because it really ample or really really clarifies and hits every aspect but the first thing that we had identified and I'm zoomed out here so you can get the overall picture of where on that during this day what we had was we had the basic you know had had a basic first push down that was followed up the next next day by the second push to the downside there for going into this day which was around the 25th and you know 25th and 26 we were looking for the third push to the downside so that's that's the first basic point we're looking for are you in the direction of the overall market cycle if you are in the direction of the overall market cycle then are you within the high probability trading times are you within two to five o'clock are you within the you know eight to eleven timeframe so looking at this trade here we were in the direction of the overall mark of the overall smartmoney cycle and we had just pushed above the previous highs now this goes back to the third point in the first slide we talked about which is identifying the high probability manipulation zones again first thing identify what level you are in the overall smart smart money trend second point I is make sure you're within those specific trading times those two typical times where you see market reversals you see manipulation the third point is going to be making sure you're at a high probability manipulation zone or you're seeing manipulation beyond that point we use a lot of things for that so the more the more factors we have coming together at one point the better ad our daily pivot 200 dma 60 EMA previous major support and resistance that's really a key point is that level of psychological barrier um you know multiple things and so the more things we have coming together at one specific point the more we can be assured there's going to be a massing of retail orders and around that point now this level here was the last previous high let's just take strip this down to very basic Bay basic foundation as the market comes back into this high during in this this taller rectangle box is the New York session your horizontal long boxes are marking the asian session so coming into this height what's the average trader going to do and I'm going to what I'm going to do here is I'm going to get rid of this line I'm going to change the property here to black and widen this out so you guys can see it so as the market comes into this point comes into that line what's the average trader going to do now you have you have two options really the first point is you have those that are looking to trade the break out those that are looking to trade this market to the upside if there is a breakthrough that point so if those are if they're if you have those are looking to trade that break what order is above that high well that's a long order those are looking to go along the second type of trader that you have you have those that are looking to short this at resistance if somebody shorting this this level where would they more likely put their stop on the average retail trader because this is what everybody teaches is putting your stop above the last high or below the last low so above that last high you're going to have the stops for anybody that short if you're short what is your stop loss order is it not it's you know is as well a buy order you have to buy your position back therefore you have two types of buy orders above most resistance point above most resistance points that's really a key principle because one thing that we know is that a smart money wants to short the market how are they going to short the market without people to without people to buy their position from them in other words you can't sell something somebody else isn't willing to buy therefore they because of the massive amount of supply that they need the massive amount of demand they they need or they have they have to drive the area into these larger areas of supply that's essentially the basic breakdown of it so they know there's going to be a massing of supply of x or above this resistance point that's one basic criteria just strictly looking at support and resistance in that broad you know that broad spectrum basis so as they come into that point we see the first push through that now as it starts to get rejected down I'm considering this as a potential stop run through this level this is where the confirming entry comes into play now we're going to break down the confirming entry and what was actually the the signal for the entry notice how we had everything else preceding this we had the market trend we had the time of day we had a high probability area it was the last major high we had no doubt there was going to be stops and break our orders above that point as there are any as there as there is any major supporter resistance point especially that day's low or that day's high very very key points a lot of orders on just site just on either side of those points so what I consider as the first candle in the confirming entry setup remember it's typically a three candle set up so the first candle is going to be a reversal candle the first candle is going to be is going to be some sign of reversal and so what we see here is that we start to see the first sign of reversal you see this nice pin bar it's in the direction of the overall smartmoney trend it's during the specific times that we look for and it's it's as the market pushes through a previous previous high and we know again there's order to be on that high very common you know very well known well known thing of those orders be on a high and a low very not frequently used so as we see the market push beyond that point what I'm going to do is I've already identified everything else so I'm going to say to myself I want to see start to see some sign of reversal we get that sign of reversal to me that pen there is going to be what I call the first candle in the three candle set up so i'll put them put a mark above that point that's the first candle now as the next candle opens up you know the market very well could just continue to run through that point you could just see can a continued run through that point at which point to trade you know we'd have no trade on that set up so what we want to see in the criteria for the second the second candle if it's going to be give us the confirmation we need which hence the name the can the confirming confirming entry which is why call the second candle the be confirming candle now in order for it to be a confirming candle in order for this candle here to be the confirming candle the only criteria I want to see it me is I want to see it closed below the body of that reversal candle so the first candle is what I term is the reversal candle I want to see it closed below the body of that reversal candle did that close below the body of the reversal candle well very clearly you know this closed well blow the body of that reversal candle very bearish close therefore these two candles have just given me the confirmation that I'm looking for now this is where I've now waited for the confirmation but as I look at this trade here and this one may not be that bad but if I draw if say it were to take a trade from the close of this candle or maybe you know somewhere in this area is that candles closing you have about 17 pips to the hives well if you want to get your stop above that high plus you know above that high by a few pips plus spread you're going to have to have larger than 20 pips top we don't want to use larger than 20 pips top what we want to do is we want to wait for the third candle to give us a pullback so remember how I said that sometimes it will take I'll consider an entry up to the fifth candle these first two candles have formed the next candle here is the third candle and we're again just going in succession the following candle third candle there so this following candle is following a slightly bullish candle is the fourth candle note and the entry for the confirming before the confirming entry is taken any time after the second candles second candle is closed and the very basic criteria for this for the third candle entry is we're taking the entry when that third in this case the fourth candle pulls back to and touches the body of that reversal candle so what we want to see is we want to see the delete this line here we want to see the third candle pull back and as soon as you know 11 good criteria for taking the entries as soon as it touches the body of that reversal candle that's where we're taking the trade so let's go back let's go up to it another illustration here and we'll mark this all out we'll discuss how I how this trade worked out ultimately here in a second but let's go over here and see you know see another confirming entry so market comes back up to these highs and I do I'll note how you know this trade trade worked out because it's very it's important to know why that pull back is so important so again we see another reversal candle does the next candle fulfill the criteria of a confirming candle does it close below the body of that reversal candle yes it does and then the third candle opens up mark this out and if you notice on that third candle it gives you pull back it pulls back into and I'm going to wrap these lines essentially around the body of that candle actually let me draw a line here be a little bit clearer so I'll just wrap these lines around that candle this candle here notice how the third candle pulls back into the body of that reversal candle this is why I don't force trades this is why if I don't get the pullback I don't don't take it if you notice it almost every key turning point you'll get your reversal candle you'll get your confirming candle and then later the third or the fourth candle will pull back into the body of that reversal candle just that basic tip right there would increase your your edge tremendously it can take a risk reward of 1 to 1 and very quickly get it to two to one because not only are you you're not only getting a better entry which allows you to to do what it allows you to shrink your stop which makes for a much better risk/reward so as we look at this trade and I'll get into moving this over here so we have the first candle close second candle closed we took the entry on the third on the third candle here and I believe we actually pretty well got it right at the highs I believe our entry was 52 or 53 anybody in the room if if you remember that trade exactly can can let me know now I ended up taking a 10 pip loss in this trade no I'll get into why generally a pretty hard set rule I have is once ice get into a trade if I'm within that trader if I'm in if I'm in that any trade I did not close the trade until the stop loss or the take profit is hit I don't close manually now in in general if I'm if I'm outside of the trading time and say the market has not moved has not shown a progression then I will exit rate now in this case unfortunately we have Draghi talking now if you guys remember you know four or five years ago we didn't have the things we have now even even two or three years ago tape bombs were not such a massive part of the market and so for me one of the things if you if you guys listen to Draghi species or you keep up with the news you'll understand that Draghi like any good central bank any good head of the head of any central bank is going to do is going to prop up a currency so when Draghi was still speaking to me I think that opened up a lot of risk and as I said in the room it's a great setup I take it every single time and outside of in and if Draghi were not speaking I would never close this trade ever with before a take profit or stop losses hit or you know I've SAT there for five hours and we're at the end of the day outside of that it wouldn't trade it because they love the setup but considering the risk of Draghi speaking i was i was taking the exit on that train now those that stayed in obviously the two-two-one take profit was was hit very easily and with an entry i think my entry was a little worse than yours Wally I got 53 if I remember correctly and you see what what an entry of 53 is going to do 53 and we're going to go up we're going to go up 20 pips here we'll set 20 pips 20 pips is right at 2973 so throw a line at 73 now the high of this one got 270 now nobody has a three pips spread on the euro dollar if you do you need a new broker even I'll you know even all the bucket shops in the US during the New York session never have three pips fred's so taking the the entry and the pullback here was the difference between getting stopped out and having a you know a great trade and that's why just that small 510 pit pullback is a very very key point another way to take the entry is after you see the first candle the second candle set up again with all the other criteria beforehand satisfied a general rule of thumb is you can take if you're waiting on the third candle pullback in this case it was a Ford candle so if you're waiting for that pull back and you want to use a 20 pips top you look at the market pullback enough to where 20 pips from that entry point gets you a couple pips plus the spread above that high and really any way you do but those are those are two ways that are frequently used by you know frequently used by the members and by myself as well and so what whatever do you do in that situation is really up to you and it's a you know it depends on on your trading personality regardless if you're setting your stop above the stop run typically that stop run high or that stop run low will hold I prefer just as a general um I prefer to take the entry when it comes back and touches the body of the candle at that reversal point so or the the number one candle the reversal candle in this case will mark that one there you can see so whenever it comes back into that body or into the body here now that's a personal you know personal thing that's how I like to do it a confirming entry has been widely successful with members who are looking to increase their risk reward and members that are looking to number one just get better entries and and that waiting for that pull back dramatically helps in decreasing your risk and increasing the potential profits so getting into a counter trick a counter trend trade here that I took a little bit earlier you know this one was a live room trade this one was a trade from earlier that day I just finished up the daily market review for the members and I saw the markets go out here I saw the market had just broken beyond the previous lows in a beautiful pen bar just broken below those lows so keep in mind these lows I'm going to zoom in here a bit it is just broken below those lows and got rejected back up with an absolutely beautiful pen bar there and a good rule of thumb that I'll use is if you have a wide at pin bar like this one of the things that I like to use is a very very simple rule it's the exact same principle in fact the second candle here did confirm up but because this wick was so long one of the things I'll do when I get such a long wick is I will wait for the market to pull back half of that pen bar very very simple that's a 20 pit pen bar or in this case nice nice hammer formation maybe not quite a perfect hammer but the halfway point was right at 2894 so they bring the marker down here we change this property over to a red one to mark the entry and I'll get this video up on the site you'll see it in the recent trade section I have the the entry from this trade but is it pulled back into the halfway point there that's where i was taking the entry now what that does from my entry point 20 pips got me you know to the low i was only 9 pips away so 20 pips got me well beyond the stop run a very basic rule placing your stop beyond a previous high or below a previous low although it is the most hot thing they teach you that when when adjusting your stops when trailing your stops they tell you to trail it beyond the last tie trail it beyond the last low that's what we're smart money goes to find the order so why would we want to have our stops there a good rule of thumb you can use is place your stop beyond the last stop run so if you've identified something as the stop run generally if you put it beyond that point they're not going to come get the stops again and the rule behind that is it takes money to move the market so it costs them money to move that market or they had to drop or they had to use up that general order flow therefore they've already spent the money to go get the stops they're not going to spend the money to again go take out the stops and that's why putting a stop beyond the actual stop run candle is the safest place to to locate your stop now getting into today or a couple days will go over one last thing and then we'll get into to member questions here I want to get into the daily market review for their kind of what we covered a day or so ago and what we had is is last let's see 28th is Friday so this was Thursday okay so this was this was Thursday so wednesday we had the third push down i'll get into the questions here in a little bit wednesday we had the completion of the third push down so during this time here during you know this is again the asian session burying this block here imma get rid of that block so during this time that's the iteration session so when we came out of that basically right at right at this point was where i was doing the look okay so right it basically this point is where i was doing the daily market review that's that's where i was this is where i was starting to do the review and so with that in mind we'll discuss some key points here one of the things that we can do once we finished a cycle is we call that you know level three type accumulation because positions are accumulated during this time and that's why we go into a time where we trade high probability manipulation points to either side and that's that's one of the things that opens up during this time so what I said is in the review essentially it boils down to something very simple we completed the previous trend and therefore in their review we were expecting the first push to the upside we were expecting the first push that's what we said in the review and in the review what I said is I would look for the market to come down and create the stop run or the stop run bottom formation on the previous day's loads because pretty pretty basic fact if anybody is long from a swing trading perspective or even for a short-term traders perspective if they were entering long you know and they they like to leave a wider stop coming down and taking out those lows is going to take out any stop for anybody that's long especially those that are long on a short-term basis so that's why I really wanted to see that low taken out and as the market closed or as the mark we were doing the review up here at this point i mentioned that from the current point we were at to those lows there was about fifty five pips and so what I said in the dale america review was don't let those pimps go to waste if we see manipulation or if we see the the test really into 2900 and we see the rejection from 2900 we should be trading that manipulation around that again that high probability manipulation point now why is that level the key level well fellows the key level four for three reasons that are right off of the bat number one any stops that were just above the asian session highs right here would be taken out anybody that was putting their stop above the 200 or trading the break out of 200 would be getting triggered and anybody just above or right at the 2900 level would be getting triggered as well therefore there's a massing of orders in and around that point for a lot of very basic reasons again you know we teach and we cover all the the basic criteria we're going to look for you know we try and jam it as much information as we can but we do cover what what we should be looking for what I'm what makes it a high probability level the basic question you can ask yourself is what does the average retail trade are going to do and you hit the the major strategies and that's how you can assess where the levels are and so what did we have here again this is a trade o cover trader a member took specifically but what they did is they waited for the rejection off that level so they waited for the market to to prove that yes they were getting rejection from that high probability manipulation zone they waited for the confirming candle down now you notice here the third candle never gave a pullback fourth candle fifth candle 6 k o7 candle it took till the eighth candle to give a pullback now typically I won't take it take it that late in the entry but one of the things that we know is that if smart money wants to drive the market up almost with a certainty and this is why we can every day in the daily market review we can map out not only their direction with a high degree of certainty but we can map out exactly the points they're going to start from and it's not a crystal you know as I said to be it's not a crystal ball it's the fact that we we know they have a massive demand and therefore they are consistently going to drive the market into areas of mass supply that's a very consistent pattern they have no choice but to follow that pattern if they want to enter the trade if they want to buy somebody has to be willing to sell it to them if they want to sell they have to find somebody to buy it from them therefore they will never change that will always be the way they inter inter positions as well as exit positions and it can't change because that is the way they have to trade they have to find areas of high probability they have to find those high probability manipulation areas and then trade through those points before trading off in their altima direction and that was the entire principle here if we knew they were going to come up if we were expecting the reversal to the upside based on the smart money trend then one thing that we knew was that they were at some point going to come down and take out the stops to the low side so in order for them to do that they were gonna have to drive the market down into that point that's why everybody was or that's why those that did take this trade took the short because they knew at some point smart money was going to drive it into these lows that's why during the room this day we didn't take a trade and one thing I said at the end of the room was look for the manipulation into this point because that is the highest probability point they come down they take out the stops and then they run to the upside from there the pattern of them hitting stops before turning is so common you go out to the hourly chart and you know just a beautiful hourly stop run candle here you come over to the Aussie this is one of the things that I wanted to also point out I'm just going to do a quick quick shoot through here on a couple charts and I will make this bigger this is a great trade we're talking about in the in the room I personally didn't catch it because it didn't give me the pullback I wanted all right here we go so you zoom out here a bit and again I'll get to these questions in just a second scroll back a bit here go back we look at the way this market responds this is something during all the employment change on this broker doesn't quite break the stops on MV it broke it by broken by a few tenths of a pip but before they drive the market up they create the false push to the downside that's what started that entire this entire trend on the hourly chart so the zoom out here this is what started this entire trend of the upside now if you notice what starts each of these moves up here I'll zoom into the 15-minute chart and look at it you notice here that we broke below the established low we come down retest for that that clear bottoming formation and then run off from that point as we continue to move on here what do we see again we see them come down break below the previous lows by about half a pip or a pimp further and then run off to the upside from that point what do we see when they turn the price at the highs we see them break the previous high and then run down from that point so when we start to add all these facts together it gives us extremely clear picture of what they're typically going to do are we going to have a clear picture every day of course not others there's times where it's very rare back in room remember one or two occasions where I'll come into a daily market review and say hey guys I'm not going to be training today because I don't look or I don't like where we're at with either the current market cycle I don't like the high probability manipulation points or I don't like one thing or the other in general however we do have we do have very clear very clear clear entry criteria that presents itself every day all right let me look at these questions we're gonna we're going to get into questions now guys have pretty well covered what I want to cover and so hold off one second let me read through these questions okay province Craven says I'm hopefully I pronounced that right should these candles come in succession in other words you have one reversal candle but the next candle does not close below that third candle comes down again but does not close below the low the fourth candle is the reversal again the fifth candle comes down then is no pull back i'm referring to the one hour chart on tuesday trading the euro so one hour chart on tuesday okay see where tuesday was friday okay so you're referring to these candles up let me zoom in a little bit you referring to these candles up here the chart catch up here they're these candles right here Craven okay so what I'm assuming you were looking at is you're looking at trading a one-hour stop run one of the basic criteria that you can look for and this is what we we term is a reversal leg stop run me or some people call it railroad railroad tracks and so if you were to combine these two candles here what what type of candle would you have you'd essentially have a candle that looked like I'm going to do a poor drawing of this but you'd have a candle that looked like this you'd have a you know a big essentially a large pin bar if you combine those two candles and that's why the reversal legs or the railroad tracks in this case we still consider that a stop run because it's breaking through a level and then getting rejected right back below that so you were looking to trade the hourly stop run when I consider in the in railroad track or in a situation where you have essentially railroad tracks what I look for is I look at the first candle as I look for the candle here the candle coming into the resistance as the first candle and I call the candle that is engulfing it and can essentially completing the railroad tracks I call that the second candle therefore the entry is on the third candle pull back forth candle gave you a slightly deeper pull back know that second candle did not close below the body that reversal candle but road tracks are a little bit different in the sense that I will once the road tracks are set or the reversal legs are set I use the third candle which was this small small body candle to take the entry and I you and I take the entry as it pulled back and it hits the fifty percent point of those candles so if those candles were see here 29 I would want to see about a 15 pit pull back in that candle pulled back about 14 15 pips right in that area for 14 or so pips next game to pull back the 15 pipariya hopefully that makes sense okay we do have I'm just and I'll probably end up loading it putting that up this weekend but we do we have additional videos that's I'm not sure if you remember or not but we do have or will coming up sunday or monday have the stop one hour stop run video it's just a supporting video for the course we have some supporting videos for the course but anyways that that's a basic principle will cover a bit more in that video too okay so moving on here to the next question you see here Craven where we're you're asking your second question is there would you agree that they made a first push up in the euro when the market opens sunday monday we have two more cycles up the way i'm going to be trading that is i'm going to be training it with an open mind because we've we've retraced almost the entire first push so what that means is it opens the door to possibly a failed push if there's a failed push then we're going to see continuation down so it's going to take you know it's not as straightforward as some of the in other words we're going to have to stay open-minded and trade both sides of the manipulation during the high probability x which opens up my opinion I kind of like those days more because they open up a bit more possibility I don't I don't trade chart patterns Corey as far as as far as head and shoulders are concerned if it's you know if it lines up with everything else and it's a high probability manipulation area and it's uh seeing a stop run through it and we're giving a retest which is a sec essentially the second shoulder if you will then I'll consider it but if it's not lined up with everything out everything else I'm not looking at it all right I generally don't look at i guess i will say it that way how do you factor in Walter how do you factor in a news release let's say at eight thirty eastern for the Euro or the or the dollar most US news releases do not move the market the news releases that move the market or fed statements nowadays if you guys notice the what's that the the red indicators are the red news releases that you'll see on forex factory don't move the market out of the state's any more news has become much less important if we do have news we do watch it during that session and typically the best way to trade news is they use news to create stop runs so they'll use the news to drive the market past the previous high or past a previous low and then they reject the price so look for news to create stop runs and that is the best way in my opinion to use to use news during the New York session UK's a little bit different there's some more news out of the UK that does move the market that you got to really understand the news to trade against it on a stop run okay moving on on sep tember 27th up trim black line there is no pullback candle you have an interested strategy for this trader you missed this trade assuming you're meaning the euro there Kim and we'll go over the 27th that was an hourly candle and going to the 15 then the 15-minute did not give a pullback either this is one of the things that we talked about in the review going into Friday that was a trade that I personally missed I did not catch that trade because we did not have a pullback so yes that would be a trade that I miss also one of the things I want to say is the daily market review or the the live training sessions that we do on Tuesday and Thursday there's a lot of people that couldn't make them so what we've done is we've actually started to record all those training sessions we have we have an entire backup of the training sessions and we record every session so there's every part of the service can be used whether somebody can actually be there or not again the daily market review as a video as well yeah the once you understand that Danny you're saying unfortunately cannot make the recommended times i've been using limit orders a high probability points but have been unsuccessful any pointers that can hate that can help in my situation well you have to really have a complete understanding of the smart money strategy if you you know number one what can help you is is take trades at the highest power one take trades in the direction of the overall smart money cycle so you need to understand cycle go through the information understand what makes a push what comprises a push is this a first push to the second push so you need to number one understand what direction the cycle you're in number two when you're when you're looking at trading with pending orders you should be only you know because you're outside of the training times you want to be at you really don't want to be trading with pending orders during the New York session in it I don't want to say it like that is definite as that but your best time to use pending orders is if you're going to play some it you know ten o'clock at night eleven o'clock at night twelve o'clock at night eastern time in the US and that's a couple hours before London opens up the reason for that is just tends to be a bit more predictable and the high probability manipulation points tend to be a bit better as well so if you're going to play spendings that is this is specific information just for pendings if you're not up there I recommend doing it for you no more for the London session in even if you're living the state's you can still do that because you're you know you don't have to place your trades till eleven twelve o'clock at night or ten o'clock another tip is select deep manipulation points if you see two probability areas only trade off the deeper one yes that's going to mean you're going to miss some trades but it's going to keep you out of a lot of bad trades another thing is your risk reward I can't stress to you guys as the importance of risk reward risk reward is will be I can promise you it'll be the single determining factor as to whether you're profitable trader or not the reason I say that is it's been it's been that way with every trader I know any successful trader always has a high risk to the root high reward as compared to the risk so we trading trading is such a mental game if you guys if you don't believe you can do it I can promise you you can't do it because you will defeat yourself over and over if you don't have the belief that you can do it and so where that belief stems from is it stems from the basic thought of knowing that something is attainable that's why risk reward is so important because you can look at the market this way and this is what i recommend for all you know for all our members anybody that we talked to I always say sets something that's attainable so that you can start to see it in your mind's eye that hey this is truly attainable and the best way to do that is say is set the goal of winning fifty percent of time in US isn't it you know people that have been brainwashed by by everybody else that's that's pitching you know oceanfront property in Montana it may not sound like something that's good but think about this for a second let's say that you do set the goal of winning fifty percent of the time and you do it with a two to one risk/reward on all your trades run the math on that sometime and do it with one or two percent risk on a very you know this the size account that you you would be trading with and you'll be shocked at the percentage gain that you can have with a trade like that or with eight with an account like that just taking you know three or four trains in a week so if you set yourself these very low parameters they are they become attainable in your mind once it becomes attainable in your mind you're more likely to achieve success and that's why we strongly you know strongly recommend that that people people do that because that is going to be absolutely critical to whether or not you're actually able to attain success and when it comes to taking when it comes to training pending orders if you look at it from that approach it's going to be much more attainable for you all right Andrew how to become partners with Chad I've known chat for quite a while actually Chad was you know I met chadwin when he actually lived in Michigan and we've always have always been friends and you know we trade the same way we have the same belief and it just got to the point where you know we we work well together and and you know work towards the same you know the same thing so it's just a good fit for for both but I've known Chad for you know five or six years something like that okay our mark are some days better to trade than other days just sunday monday trading on the same probabilities other days a week month or tuesday wednesday thursday tend to be your higher volume days and friday is getting into the point where you're seeing a lot of really good moves friday sunday and monday tend to be a little bit less predictable but it's not bad enough to where i wouldn't trade those days but yes tuesday wednesday thursday friday tend to be better days ok Abdul what do I mean by tight stop that's was answered by Sean 20 pips how can we use correlation before the market actually moves good question Frank the way we use correlation to understand what we're going to be looking for is is we apply the same basic rules too let's just say we're looking at the euro pound so if the euro pound has kind of see where we're at ok so let's just take this for example let's say the market is starting I'm not going to get too far into analyzing the euro poem but let's just say we've had a you know we do have a very clear stop running those highs that was immediately rejected whenever you see the price start from a stop run very clear indication that that smart money is driving that price so more than likely this we should expect the second push to the downside eventually next week the market might open my treat race back up a bit wish but ultimately you know I would like to see the second push down so what what does that mean if the euro pound is going down that means that we're going to see euro weakness and pound strength so keeping that in mind we'll go back over to the euro and let's say that both the euro and the pound are giving us a set up off of a stop run of the lows let's say they both come down and they create a stop run of the previous loaves and we're looking to trade them back to the upside and we're saying ok which of those pairs should I trade should I take the euro longer the pound long they're both giving the exact same setup they're both giving a snap out of the loes should i take the euro or the pound well we just discussed that the euro pound is made its first push down if it's going to make its second push to the downside what that's going to mean is that we're gonna see during the second push we're going to see your awakeness and pound strength therefore if both the euro dollar the pound dollar setting up to go long we know that they Stan what the euro pound is showing the euro is going to be weaker than the pound therefore that would guide us to take the pound instead of the euro so we're gonna apply the same rules the same ceremony strategy we do to the euro pound understand what cycle were in with the euro pound maybe even wait for the euro pound to set up to move in that direction that cycle once it does and it starts in that case to move down if it does continue to move down well your best option is going to be buying you know the better option if you have an opportunity to buy the bulk pound in the euro the better option would be to buy the pound and then in con contrary to that if both pairs set up to go short you'd be better off buying or you'd be better off selling the euro excuse me hopefully that makes sense well yeah Mike that you say just joined make the effort every daily videos like an hour in college-level course well you know one thing I do want to say is we're not for definitely not for everybody you know we we give more support than anybody out there and and it's daily support you know in the daily America review I tell you which direction the markets going in the exact price points I expected to go from but with that being said we're not for everybody if if you're not willing to put in the work then we're definitely not for you you're not going to succeed with us I can promise you you're gonna you know see if you think that you can just read a course and then succeed with it you're still caught up in that the fact that somebody's trying you know there's oceanfront property in Montana and there's not so if you're still in that belief you know that there's a magic indicator out there it's going to make you successful or an EA that's going to make you a millionaire or there's some get-rich-quick trading strategy out there there's not there's basic fundamental rules about how the banks move the forex market those basic rules allow us to track the footprint in the sand that the banks leave that basic principle is something that everybody can learn and tame with time not even extremely long period of time but it will take some work if you're not willing to put in the work we're definitely not the service for you the room runs from 3 to 4 a.m. eastern and nine to ten a.m. eastern we say it only runs an hour but generally Chad session is two hours and generally mine runs an hour and a half thanks Corey glad you glad you like it Sean thank you here's a testimonial miles I appreciate it miles says here's the testimony I've been a full member for a month and I've learned more than I had elsewhere in 12 months the guys are definitely teaching and definitely for a fixed price I appreciate that miles glad you're enjoying the service and really glad that you're actually learning something Corey very true you get in what you put out or you know we and if you guys are willing to put forth the effort we're there every single day to you know to give you the effort right back Dave glad you're liking it thanks Terry appreciate it Mike that means a lot appreciate it Mike said I lost 20 k and in two years on my first try with a reputable vendor it was hard to trust anyone again I like sterling Chad don't regret one penny yet that means a lot to is Mike so we appreciate it thanks Irene Charles how are the gray areas generated the gray areas are generated with a very simple indicator that we have on the charts now that indicator you know it's just something we have in the back end for four members it's a very you know personally I'm not really it's kind of grown on me we the way it originally started at a member that said hey sterling it's hard to follow your charts in the daily market review will you put on this indicator and gave us an indicator and said when you put on this indicator on your charts so that we can follow you a little bit better and I hate anything on my charts but it made it easier for everybody everybody loved it and then we had our own indicator made and you know essentially that was that's that as far as the blocks are concerned and it blocks out you know I it's kind of grown on me now it actually makes it really easy to scroll back and look at price while you're scrolling back on a faster time personally I use you know especially lately i've been using a smaller risk around one percent and the reason for that is you know i tend to find that i just am more comfortable with that especially personally i'm working through a little mental barrier and you know for me that the safety factor you tend to trade a bit better and so you know i personally recommend around one percent risk now if you have a you know a thousand dollar account you may want to use a little bit higher risk two percent so i generally move my stop I never moved my stuff to break even Chris you're asking do you have a question or you have a question about when they move the stock to break even what I recommend is not moving stop to break or what I personally is I do is not moving stop till it hits at least plus 30 now the reason for that it's a good general rule of thumb is a lot of times you'll see the reversal candle you'll see the confirming candle and a lot of people are taking and trade right at the end of that candle and you get a 15 or 17 20 pit pull back and what that does is that pull back you know on the third or fourth candle is enough to stop people out that use a 20 pips top so a lot of times you'll get in profit 2022 pips and that's where the market makes the pullback so it hits all those people that get into 20 pips profit and move their stop break-even that's why it tends to be a bit better once you move it at around the plus 30 mark i generally trade from from eight to eleven i like trades that happen later in the session there's times i take trades outside that session we're going to cover i'm going to cover one pound trade here because i think that it was a nice trade as well I'm going to cover that here in a little bit I want to get to these questions real quick when it comes to specific market questions guys we're gonna be if you guys want to eat email us will answer market questions or get you can ask them in the members area but when it comes to right now I'd rather not answer questions that were specifically about this because it's it's very narrow so I want to answer the broad-based questions here how many pips should we look for on one push typically we like to see the market making a 90 pit push that's a good mark that smart money is has actually been moving the price so it's one good thing too that's one of the reasons why we say make sure you're getting that to one risk/reward and that's why we're selective with the trades because if you truly identified when smart money is moving or taking an entry you're not going to see a ten pit move you're not going to see a 2030 pit move you're going to see a 70 80 100 110 pit move because it takes them a while to enter the market additionally takes them a while to exit the market that's why you know you're not going to see just a shallow 2030 pit movement and hence why we want to see that bare minimum two to one risk/reward I am you know I've been around this market Chris for a long time Chris you're asking as a relative beginner I'm concentrating on three pairs euro dollar euro pound and pound dollars does it seem okay to you well i'm on the other spectrum I've been around for a long time and I pretty well only trade the euro dollar the euro pound in and the Euro are in the pound dollar and really I don't trade the euro pound I use it as correlation I pretty well ninety-five percent of time take trades on just the euro dollar and the pound dollar you asked what do you mean when you say not willing to put in the work what kind of work does your course require well you know most people are happy to sit down for hours a day and spend hours a day watching the TV but if somebody isn't willing to put in the work to watch the 15-minute daily market review or if you're not able to attend the training sessions and we now record those training sessions if you're not willing to put in the work to sit down and listen to those training sessions you know maybe not even listen to all of them maybe just one a week so if you're not willing to put in a very basic amount of work it's not like it takes mountains of time in hours and hours but it does take you know look at looking at the review there's 15 minutes a day maybe looking back through the charts seeing what setups did occur asking some questions on those setups you know some some very basic things to further your education the more questions you ask the more you'll learn and the faster faster you've learned you know bare minimum though watching the daily Marca review that's 15 minutes a day you're going to learn that is the most valuable part of the service you can learn but the strategy all you want but if you don't understand the application of it it's going to be difficult and the daily market review and the daily mercury view gives that forward-looking application what's so good about the daily Marca review especially for new people and those that are just learning the strategy is that I give you the direction for the following day not only do i give you the direction for the following day but i give you the exact price points i'm looking to trade from and i tell you exactly what i want to see at those exact price points so when it doesn't set up at those price points you don't take the trade when it does set up with those price points you know in advance work exactly where it looks so I think there's a huge advantage of the daily market reviews and it's why I think it's you know probably the most valuable part of the course even even more so than the live room Charlie I've taken Steve's course great learning experience but where were you guys before I laid out the big bucks we've had that question thousand times so we've always been around I mean look at the the stop run video we were teaching manipulation years ago long before you know long before he was teaching on the web and that's one of the things i think that's misunderstood you know we the bank manipulation in the form of a stop run in the form of high probability manipulation areas is something we've been teaching for quite a while the stop run video which was put out long after we actually I actually started teaching the stop run I or the manipulation at higher probability areas that was put out believe in March of 2010 and you know i was i was teaching that in the Diamonds room before that which was you know four years ago or so it's just you know we get that question a lot it's unfortunate but at least you know at least you got put on the course of learning what smart money is doing so you can be thankful for that Charlie you know and you know you got the basics of it so you can be happy with that sterling what do you recommend was the best way to educate us in smart money trading go through the course a lot of times and then the back end is set up with a funnel for everybody that comes in you go to the course you go through the course again maybe a couple days later and I recommend going through the course two or three times and do that over the over the course of two weeks so you go over the course once and then what I recommend doing is going through the daily market reviews go back a couple months and go through all the daily market reviews that you can those daily market reviews show the application of it I talked about what happened the previous day I talked about exactly what i expect the following day and then when the following days review comes around I say okay this is what we're looking for yesterday but this is actually what happened so I compare it very good learning tool and then what we have is we have the live room the live room allows opportunity to see these trades taken live when the opportunity does present itself we're not a trade calling service but I will call my trade live when they do present themselves it also allows the ability for members to ask questions in real time and get this type of feedback on a weekly basis for those that can't make it we record these sessions you can watch them anytime you want whenever your time allows so that funnel of asking questions and then again the forex forum allows you to take a picture of a chart post it hey this is a trade i took it went good or it went bad what did i do wrong what did i do right so there's there's a ton of different avenues and what I always tell new members is you got to give it some time you're not going to learn everything in two weeks it's just not going to happen you have a very good base after a week after two weeks you'll notice that you have an extremely good base after you know three weeks it'll really start to click but what I really notice and members is that it takes about a month it takes about two months and for everybody it's different but it tends to come together very quickly once you get the get the gist of it you'll start seeing okay you know this is how smart money runs the price this is what they're going to do and you'll develop what I term is that that kind of sixth sense where you know where they're going to go with the orders a high probability amount of you know how it with a high degree of certainty the majority of the time and are we wrong of course we are I have losing trades and you know and that will never change Danny's thanks sterling for the advice on pending orders I appreciate the work put in for members no problem Danny glad you liked you like it Brian yes we did we are recording it and hopefully we'll have that posted early next week smart money good marketing teaching hundred percent win rate never saw any proof trade job well you know if somebody's teaching one hundred percent when right you should the red flag should immediately go up if somebody's teaching ninety percent when right the red flag should immediately go up it's setting that that goal that you'll never achieve and if you if you realize you can't achieve it it's going to hurt your trading tremendously gotta set the realistic goal you set the realistic goal you can go from there until you have the realistic goal it's ridiculous you know to even to even conceive of trading profit Lee you know the biggest part of the service is the support it's a daily support because you know that the daily support is really in maybe we get some member of members people that are members and some feedback on it but the feedback you know from members is in general that the support this is the most valuable part I'm sure you guys have all experienced this on your own bought something whatever it is if the support isn't there if you don't get an answer email the day you send it if you don't get questions answered fast if you don't have you know access it just just doesn't work even if the system is good or whatever it is is good the support is always the most valuable valuable part it can make or break whatever it is that's really with us it's probably the most valuable part as well what time do we do the review we do the review at around midnight the reason for that is it allows it's two hours before the London open and anybody that's trading the New York session it really doesn't matter what time we do the review because by the time you get up it's seven or so for the for the start the training day or at eight o'clock whatever time you get up you can go watch it then at any point the reason I do it later in the day on eastern time is because that gives me the clearest picture of the following day and it allows me to give the most accurate information and I want it you know really any time before too and it really doesn't matter when the video comes out because if you trade London as long as before London you can watch it and then for New York traders you obviously you're going to be sleeping and then by the time you get up the market review is always there so makes it nice for both sessions it depends on does there's a reason we don't post pie you know pie in the chat pie in the sky type type results and the reason for that is my belief is that it's one thing to for me to be able to trade profitably it's another you know and it's one thing for trade for Chad to be able to trade profitably it's a completely totally different scenario for me to have the ability to teach you what I do and then for you to succeed with the information that we present it's going to rely on the information that's going to rely on the way the information is conveyed and the funnel of which it's conveyed how it you know how it's conveyed so really with what we do its or with with what we've tried to do is with with taking that and giving it to people as we try to set something up that allows for people to actually succeed with it because although in the live room I'd have you know 10 or 11 months a year where I was profitable nobody could learn how to trade the reason for that is I created a bunch of self-reliant traders and even if they didn't realize it or even if they didn't admit they were self-reliant they always there was always a portion that and I'm sure this didn't apply to everybody for the vast majority it just didn't facilitate learning because they were able to rely on me or chat every day so with the current format it just allows much better for learning and I've had members that were with me for a long time when I just ran a live room and then watched as we made the transition and I saw those traders go from you know what I would term is very self or very reliant on chat or I to a proficient trader with themselves in with their own trading ability any recommendations creme you're saying any recommendations on brokers I've never tried that broker the brokers I use our mb trading as well as our power us Chad I know uses fxdd and he does use fxcm I don't like fxcm but you know fxdd wasn't bad and I I personally love and be trading in be trading is great they've always been great to me I don't recommend brokers because this I don't want to be responsible if a broker screws you guys it would I would feel horrible I can just simply tell you who I have my money with and who I trust and I trust in be training they have the vast majority of my trading account and they've always been good to me they've always paid out there fairly tight spreads whenever their platform is crashed and I got screwed or any one of a hundred variations that could possibly happen to you they've always taken care of me if it's been their fault and I suspect that they would continue to do so for everybody else I have don't worry about high frequency trading or when the reason for that is the stops are always going to be in the same spot smart money is always going to drive the mass of the volume therefore they're always going to have to go over the stop go for the stops that are in the specific locations that people tend to place their stops because of that the typical manipulation that we see today we saw five ten years ago and we're going to see 5 10 years from now it doesn't change because the way smart money trades they have to change glad you like the daily mark reviews miles appreciate that and there's no dumb question Mike the only dumb question is not asking a question so really glad you like the reviews I appreciate the comment there why don't I like fxc Emma well number one one question one time typing it will do I'm just behind on the questions and number two I don't like fxcm because of all the vast stories about them slipping traders hundred pips spreads during non farm payroll not fulfilling a take profit when it's hit but always fulfilling a stop loss and then slipping through the stop loss and I can go on and on and on with fxcm it's just my opinion I I also know people that have had success with him risk/reward we should base we should start out with a good base of 221 one of the things that we posted was in that article that we posted Chad's track record or a portion of his track record the reason we selected that portion of the track records because it had essentially a bad win-loss ratio it had a win-loss ratio for that month or month and a half of about fifty percent and it shows how profitable the account was over that time period but there's a reason we selected that bad when losses because it illustrates the point that your profitability will always depend on setting and maintaining a risk reward of two to one or better so basically in the great thing is that the setups that we take allow for two to one on your risk reward they allow for that higher risk reward because we're taking trades after we've identified manipulation from the banks if we've identified them taking stops we can almost be assured that they're going to give us a 70 80 90 100 pepper on beyond that point that was Charles to your question can I monthly thankful for everything I seen a 3-cent look for the membership no problem ken glad you liked it will see on the inside there abdul really glad you liked it glad to have you as well diego yes I have heard of Forex yard I don't have a whole lot of information on them one thing I would recommend doing is going to forex peace army calm and looking through the reviews there make sure your subjective about the reviews though if they say something like you know this broker is crap because they widen their spreads to 20 pips in and around news well all brokers do that so read the reviews and be subjective a lot of the battery views are just just bad traders that simply can't trade regardless and they post things about a broker that every broker does so read the reviews with some subjectivity yes mb trading fernando is a ecn broker they do not trade it against you they trade customer first customer so your order you know while it's in internal market meaning you're trading customers to cut vers a customer they're still not trading against you which makes them an easy and broker they're they're not trained against you so they're technically not a bucket shop the reviews are great they're they're probably the most valuable part i thing and it just you know it gives you a direct insight into exactly what I'm thinking and it's also awesome for anybody that's learning to trade the strategy or needs a little bit more guidance or maybe just wants a second opinion because I'm so specific on those reviews it's it's exactly the direction I'm looking to trade exactly the price points i'm looking to trade from ecn means electronic communication network electronic communication network is a fancy way of saying they're going to route your order to live market two to five or eight to eleven charles is the time that we personally recommend and the reason for that is you have new sessions coming on and therefore this is the time where they put their general order flow through which means this is the time work the best time to see manipulation and manipulation around those high probability points brian i appreciate the kind words thank you very much button alright guys that's going to wrap it up for us I really appreciate everybody showing thanks for coming out and showing up I know a lot of people were you know it's way late for you guys so thanks for for again showing up and we will see everybody on the inside he and for all members will see it with the Sunday daily market review will start to preview the following week and get prepared for the start of the week so we'll see you guys then alright everyone have a good night talk to you later

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