Frequently Asked Questions
1) a)How much would it cost?
I am not asking for any fees and all you need to pay, is your time, attention and discipline.
1) b) Will you charge us in future ( This is a kicker of a question i got and makes me think that maybe giving some thing free makes it so suspect that i have to go to extra lengths to prove some thing??? )
I don’t know whether i will be alive or not and i don’t know whether this will be a paid service going forward, but why worry?? just trade and make money and focus on discipline .. end of story.. Jeez!!!
2) Are you associated with any broker or bank or market maker?
No i am an individual independent active currency trader. I am not associated with anyone. I trade currencies with my own money for a living.
3) What are the indicators you use and can you explain your system
The system i use primarily made of four major components a) Traditional technical analysis b) Elliott wave theory c) Timing d) Market sentiment. It is based on some technical indicators which give my the initial triggers which i further filter out using Elliot wave and other 2 components to pick the entries.
4) How many currencies do you provide signals for ?
Mainly GBP , EUR and some times other pairs
5) Should we trade with Real Money Account?
I recommend trading with a small account of risk capital of about $250 dollars but you can trade with demo account also. However trading with real money only makes you get into the real mode of understanding the stakes and having a commitment. Demo trading doesn’t bring in the most important element of emotions into the trading and if you do that then you will be wasting your time. This is a time tested system and if you remain disciplined you can be consistent
6) Are your recommendations hypothetical trades
No , i do take all the trades i recommend to the subscribers in my real money account and trade the same signals. However at times i take some more trades which are over and above these as i try other setups i am working on from time to time.
7) Should we take all trades?
Yes , with any system you should always take all the trades recommended since trading is about of playing the odds and only when you follow the system in total will you see the complete potential. Picking and choosing from the signals is not going to assure you consistency
8 ) Which time zone are the timings for the signals
All the signals and times posted are as per Easter standard time (GMT -5)
9) If we miss a signal what should we do.
If you miss an entry by more than 5-10 pips when a signal is sent out, please do not take the trade on a retracement or otherwise unless explicitly advised to do so.
10) Should we take the trades at the exact price as per the signal?
Some times the price action in forex markets is very fast and sometimes maybe your broker has a wider spread on the pair you are trading. The general guideline is do not enter a trade outside +/- 5 pips from the suggested entry point. If you do enter at a worse price make sure you understand that your profit potential will be lesser than the projected target exit points posted.
11) What do you mean by “If the price closes above” in your posted signals.
The closing price is usually the closing price on a 15 minute bar on the chart. So if the suggested exit price on a stop is for example 1.4770 on the GBP/USD pair, then you should exit the trade if the price closes at 1.4770 or worse. However not that you should never hold trades beyond the worst case stop loss advertised. Please check when in doubt
12) I can’t be awake during the time you are sending the signals, what should i do
Please take only the signals that are triggered during your time of availability , but trade on a demo account for 4 weeks to first make sure the trading style generates profits for you during your times else find some other system that suits you
P.S : If you have any more questions pls leave a comment below and i shall address it
