Comments on: FOREX Training Course – lesson 2 : (The basic system)

By: calderone4x

calderone4x — Fri, 27 Nov 2009 12:00:17 +0000

Very helpful video.

By: buffer50

buffer50 — Fri, 27 Nov 2009 12:00:17 +0000

Hi Sion,

Well done on your teaching to us all, keep up the good work, by the way do you have any way to tell us when you have posted a new video on your you tube site as i only get a weekly e mail from You Tube

Thanks
Paul

By: sionsmith

sionsmith — Fri, 27 Nov 2009 12:00:17 +0000

I completely agree, lagging oscillators & indicators look great after the event, that is not what i’m teaching!

Candlestick patterns, how the market reacts around certain levels fibs / pivots / EMA’s is what i’m trying to show here.

Watch the video at the end I explain that the system works best in trending markets and that you need to identify what state the market is in before trading. It can be used in ranges, your stops and target must be much tighter.

cheers

By: cabletrader

cabletrader — Fri, 27 Nov 2009 12:00:17 +0000

No offence but I’d still suggest people check it on DEMO first and not take anyone else’s word that it “works fine”. Systems like this are everywhere but no-one EVER seems to post any advance calls or trading blotters, it’s all retrospective results.

Like I already said it looks great on historical data but in a live market environment you’ll probably find it lags too much ie late entries, smaller targets, wider stops.

It’s up to you how you spend your money, I’m just warning you is all.

By: mgryga

mgryga — Fri, 27 Nov 2009 12:00:17 +0000

This system is well tested on Forex Factory. It works fine.