Monday, 29 November 2010

Let it snow, let it snow, let it snow

The Valley here this morning was very picturesque. The snow has stopped falling and skiing weather is here. Let's see if the market lets me skive a bit this week.


I had a couple of goes at selling the DAX this morning. I scratched the first attempt, but the second worked well. My one and only Fib found The Spot. From there it was pretty easy. I just kept selling the pullbacks. It finally found support at the reciprocal of the first Fib.

I have been getting more questions about the DVDs. All these trades are taught in the DVDs. The full set is made up of 4 theory DVDs on days when the market was closed (Saturdays and Sundays) and the other 14 are about 14 hours a day of live market trading with me describing EXACTLY what I do to envision, identify and trigger the trades and then manage them. All the live trading is very valuable to a student, as the camera is not turned off for the whole day. There are 10 full teaching days and 4 SIM days with me doing some teaching and the webinar attendees interacting with what they have learned. I also show not just what to learn, but HOW to learn it. How to create the "muscle memory" and confidence to trade with real money when you have proven to yourself that you are CP in SIM.

In my opinion, whether you learn my methodology or something else, this is THE way to learn, as you KNOW you are consistently profitable before you have risked one cent of your money. The structured step by step evolving TPs (trading plans) that we provide, take you through the process with you needing to hit milestones before you progress to the next one.

If you look at the trade locations you can see their importance and also see the structured nature and context sensitivity of the entries. This structure and context is one of the cornerstones of the EL methodology and is one of the reasons why people can learn it and make it their own. Everything is measurable and back testable.

1 comment:

  1. For those of you thinking about buying the DVD set. I would highly recommend it, you really learn much more than just setups, but how to look at the context of the market and think like a local. I first bought the theory, then the trading days. I would suggest just buying the entire set.

    It was by far the best investment I've made in a long time!

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