Greetings to all my fellow currency traders.

[Pierre]

Hi Zion and Robert
You are welcome.
This is a two way street and we would like all members to give some inputs on this blog. Have a look at my reply to Vassilis questions. It will give you an idea what I do for entries and profit take.
Regards
Pierre

[marc walton]

One of our Aussie members, Robert sent me this as a great example of both a good stop & a bad stop

Good Stop



Bad Stop



You need to be a soccer fan to understand it. The second one though was the rubbish England goal keepers howler in the world cup

[Stik]

Hi Pierre

I've been with FMP since Marc & Dean started it and find it very educational. I've been studying Forex for a year and a half now and I'm still a long way off from getting consistent wins. I'm almost at the point of throwing in the towel but after seeing how you make the charts a bit clearer with the vertical lines and the start of this new members forum I'm ready to pick myself up and have another go.
I look forward to learning about the pivot points as well as I've seen them but not intirely sure how they work.
Anyway thanks for jumping in doing the forum, I look forward to learning some more tricks of the trade and finally getting some consistent wins coming in.

Regards

Robbie

P.S. I'll be watching the All Blacks beat the Springboks next weekend ;-)

[Pierre]

Hi Robbie
First things first – in your life – the Boks are coming to kick some backside down under.
Hang in there buddy, this is not an easy road. The thing with currency trading is that there is so many ways to do the dam thing. This one says this, that one says that. There are so many indicators, there is so many ways to trade and then the cherry on the cake is that the wife doesn’t understand what you are doing.
That is way Marc started this blog so we all can learn from each other.
I think the thing that counts in your favour is that you were not mentor hopping. By that I mean – you have been with Marc and Dean from the beginning so you are starting to see things their way. You didn’t have any other trading ideas and ways from other mentors that will make your head spin by now with information overload. So the road can only get easier every day.
I think the problem is that we all want it yesterday and living in today’s day and age we all needed it yesterday with life that is getting so expensive.
The thing is Robbie to take baby steps. That’s all I can say. Don’t be too hard on yourself but also don’t expect to reach unrealistic goals.
If you feel down, talk to us, we all have been there and best of all we know your feelings and fear. I think there are more than enough T-shirts hanging in my room.
Regards and remember next week is a new week with new beginnings!!!
Have a good one!!
Pierre

[PVJBUS]

I am in USA.

I have a job in petrochemical lab

I had been trading currency but not a consistent winner.

I have problem with choosing my stops .They are very narrow and getting stopped out early.even on winning side also I am more impatient and get out early for the fear of loosing profits.I am not following Marc's advice.I am trying to learn elliotwave .
I have marked targets as 161.8% and more but on demo accounts.and seen it works fine.
But As I said I have to gather enough courage to be successful currency trader.
Help me out .
I want to be a full time trader like you free of daily work schedule.
Because I am in USA am I loosing the most active London session?

[Viktor]

Hi there. Pierre it is great that you agreed to help the others with your knowledge. I use pivot points too. They are nice for confluence I am sure you will improve/change many traders here ! Keep up the good trading. I hope you will get your million back

To the traders out there who are still struggling all I want to say is that Pierre, Marc and Dean together will help you and teach you great techniques that work and make profits for sure for life but if you don't have the guts to pull the trigger in other words to enter the trade there won't be any method that will help you being profitable. I don't want to discourage you or anything like that. I am sure Pierre will help you a lot and most importantly the thing that he gave to me is more confidence. Like Marc said in one of his videos : "just enter the damn thing. I can give you the bullets but you have to pull the trigger". This my way of being profitable. This is how i started to make profits. My/marc's analysis were always good/perfect but I just didn't have the guts to enter the market. Then I was watching how a trade that I ve planned lets say 3 days ago goes 100's of pips in my favour. And then you say ok i will enter the next trade which in my trading journal was always the looser Forex is as easy as it is hard. Please when you see 50, 61,8 or 78,6 % fib retrace at the same price level with tl, s/r or ma's enter the stupid trade 70%+ of the time you won't be disappointed ! That is all. IMHO

Regards

Viktor

[capsmart]

Hi Pierre
Thank you for your reply.
Yes I understand what you are saying. What I see is a seasoned trader that developed a feeling for the market and therefore you decide between different areas what would be the best. I think this is the point that most traders never reach. They try to use a purely mechanical system when in reality trading is an art. You can teach a student painter about color combinations or what each brush does but you cannot teach him the exact paint mixture for a sunset. Yes there is some red, some yellow, some orange, some white but... it is up to the painter to decide how much of each to use and how to hold the brush, the pressure on it, the amount of paint.
Regards
Vassilis

[moneyrunner]

Hi Pierre


Thanks for the post on your stratergy and your tweaks, and also having a fellow Saffa around---hahhahah. What are the chances of showing some pictures of your setup and talking us threw a past trade using you methods? Sorry a big ask but every little bit helps in currency trading aka FOREX

Thanks

[Pierre]

Hi Moneyrunner

I like your blog name - sounds cool - mr moneyrunner !!
I will see what Marc and I can do. You must remember he is the technical dude that does magic with how to get the charts on the blog.

Regards

Pierre

[Pierre]

Morning Vassilis, Victor and PVJBUS.
Thanks Vassilis for the kind words. That’s what trading is all about. For me the best sunsets are in Africa, for some Australia – so all of us have a different opinion about what a nice sunset will look like – but the main focus point will be - it’s a sunset!!
Victor, you are spot on. We can take the horse to the water but you can’t make it drink, however we will try and bring the water still closer to the horse’s mouth.
PVJBUS, regarding your stops. You must remember the bigger time frame you use to trade from the bigger your stop will have to be. A 30 pip stop might work on a 15 min. chart but on a 4 hour chart it might be closer to a 100 pips. I played around this weekend on Marc strategies page on the Forex Pro Mentor Members area. For all the members out there, not only PVJBUS, there is a hell of a lot of information there. Take time out from your trading and look at it. You don’t have to use any other website to learn currency trading.
It’s like reading a book people; you can’t start a new book on the last chapter. Yes you can I suppose, but you stuffed up the pleasure of reading the book. You can’t start with the ending and work to the beginning in currency trading. Remember there are no short cuts in learning currency trading but all the answers are in Marc strategies area. How to deal with stops, support and resistance areas – everything – use it!!
Regards
Pierre