Reviews for Recurring Forex Patterns Course

Why I Think The Emphasis On "Strategy" Is So Misplaced

This is a recurring theme that's come up in people reaching out to me via DM. I'm getting asked a LOT about my 'strategy' and getting requests to review your strategies / trading plans, so I thought I'd bang out a post here as a sort of catch-all. It got to the point where I was copy / pasting the same reply to a number of people.
Strategy is really important. You definitely need a cohesive strategy or set of strategies that help determine what gets you in and out of trades. I personally run a mechanical trend-following system in addition to my discretionary style of trading. Even my discretionary style of trading however, is viewed through a framework that gives me consistent structure to follow on trade after trade.
Now that I've gotten that point out of the way, here is my next statement:* Strategy is COMPLETELY USELESS without having a thorough and expert understanding of the markets in the first place*
Here's my analogy: let's say you really want to get into the fast food business. Now let's say you're fairly smart and you realize that your best chances for success are to buy into an established franchise (McDonald's, Taco Bell, KFC, whatever). Now here's the kicker, who do you think is more likely to succeed at running this franchise? Someone who has worked within the industry their entire lives and knows it inside and out, versus someone with no industry experience. Okay, okay, that question is completely rhetorical; it's obvious who has the edge here.
Trading is no different, and it's why buying a course or finding a guru has let so many of you down so many times before. You're trying to follow an established plan (one that has in fact quite possibly brought success to whomever is selling you their wisdom), but without an expert understanding of the industry you are participating in.
If you reject my premise that knowing your shit when it comes to the macro side of things is important, that's fine. Let's take what seems to be the dominant retail route of pure technical analysis. If you don't know technical analysis inside and out, you are not setting yourself up for success when you buy a course (or even read through a free one like BabyPips). After doing a rough search for Forex courses, I haven't found any technical ones (maybe apart from Adam Grimes. I like Adam; don't know the guy personally, but know of him through colleagues) that actually teach you about technical analysis and not just are feeding you a strategy.
My entire point here is that if you don't engage with the nuts and bolts of the arena in which you're competing, you are at an inherent disadvantage. For example, I've talked to a trader that had Stochastics, RSI, AND MACD on their chart. What is the point of having 3 momentum indicators apart from enjoying a gratuitous circle jerk of redundant 'confirmation'? But this trader didn't know the math behind the indicators, what makes them similar and different, how they can be applied. If they did, then maybe they could have explained in greater detail how having those 3 gives them a defined edge.
My favourite example of a trader who 'knows their shit' is Thomas Bulkwoski. I don't like his style, but you can't deny he has done his homework. He has dived so deep into chart patterns that from memory he can quote you various failure points and success rates for individual patterns. He has meticulously studied what works and what doesn't, and can explain the WHY behind all of that.
If you don't know your shit, you will eat shit. So know your shit! Once you know your shit, then it becomes far easier to strategize.
End of rant :)
submitted by ParallaxFX to Forex [link] [comments]

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Keep a look out for the shapes and patterns we have identified in part 1 and part 2, because they are a regularly recurring feature of price action when trading the forex market. When viewed like this, it is much easier to pick out how price action is evolving on your charts. Vic Noble’s Recurring Forex Patterns Course released some years ago . The course was so informative. This 6 powerful Forex Patterns you can Trade Profit With Daily- No matter where you live are having patterns the provide you with the safest and best trading opportunities to the active Forex Traders who know how to look for and then trade them. Recurring Forex Patterns Daily Trade Review Service (6 Months Online) Daily Trading Review videos (Monday through Thursday) helping traders become proficient at trading pattern recognition, together with proper trade man... 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 ... The Recurring Forex Patterns training program is designed for those who are looking to follow a proven and successful model of trading the Forex throughout the trading day. The patterns and setups discussed in the course are non time-specific. Traders possessing basic knowledge of Forex will be able to grasp the concepts quickly via the video course and trading example videos. recurring shapes and patterns Part 1 of 2. When trading from charts, one often finds at certain shapes and patterns recurring time after time. This is because the forex market, just like other financial markets, tends to retrace price action. In fact, over 80% of the movement in price action, within the forex market, is price action retracing. These patterns provide the safest and best trading opportunities to the active Forex traders who know how to look for and trade them. Skip to content [email protected] [email protected] Monday – Sartuday 7:30 AM – 10:00 PM (Singapore Time) GMT +8. Facebook Twitter Google+ Dribbble. Amazon for Trader . Best Forex, Trading, Stock Download Free. Store. 2020 New Update; 2019 New Update Trading ... RECURRING FOREX PATTERNS REVIEW- A must read article to avoid loss of money in Forex Trading Forex Tester comes with FREE trial Public reviews for Recurring Forex Patterns course by Read and submit reviews below for Vic Noble and Shirley Hudson's Recurring Forex Patterns Course. Recurring Forex Patterns Review; I have been a fan of forex mentor. Recurring Forex Patterns from Vic Noble and Shirley Hudson video is where you can discover 6 powerful Forex Pattern which you can trade profit with daily, everywhere in the world. Most successful traders knows what are the subtle differences of these technical patterns. That made them profit from these recurring patterns over ...

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