The course will cover Daily Routine and Macroeconomics as well as Market structures, Inflection points and Order flow. It also discusses Writing a Business Plan, Fractals or order Blocks and Support/Resistance. Key Levels, Avg Daily Rang, Range expansion, and their 1 minute Scalping Strategy.
FXEvolve – Forex Trading Course 101 & 201
The course will cover Daily Routine and Macroeconomics as well as Market structures, Inflection points and Order flow. It also discusses Writing a Business Plan, Fractals or order Blocks, Support/Resistance and Backside fibs. Key Levels include Avg Daily range, Range expansion, Scalping strategies, and their 1 minute Scalping.
Website description
FX trading can help you create a realistic risk management model. 101. Your success in forex risk management is dependent on it. The video below explains how to calculate position size using key risk modeling variables. Obviously your winning percentage and losing percentages are pivotal to any trading system, but even systems with low winning percentages can be very profitable when you consider the size of your average winners and losers. While everyone loves big winners it’s important to take into account the frequency of those winners. A system that has a high winning percentage is great, but it might not be very profitable if the trade frequency is so low it’s difficult to obtain a decent return. There are many combinations of risk variables that can be used to create a trading risk model. The most important thing is to ensure that your risk modeling is suitable for your trading goals.
Many traders attempt to adjust themselves to the risk model of the system that they are trading. This is similar to telling a tiger how to be a vegetarian. It is against your nature. It is important to reverse engineer the process in order to create a forex risk-management system. Your risk profile should be the basis of your system, not vice versa. Some people don’t mind small losers waiting for the home run trade. Others may find it too much. You’d rather take one bite at a while and enjoy the little wins. As with all things worth doing well, Forex Risk management is an ongoing process. This guide will help you understand the basics of risk management. This will enable you to learn more about your trading as well as yourself.
This was the Tentative course. It was a live class so there was lots of it.
There were many changes as the course developed.
Monday
12:00 – 1:00 Course Overview
• The Power of Principles vs. “Holy Grail Trading Systems”
• My Principles of Success that every trader must adhere to
• Explain the core ideology behind my approach to financial markets
• Course Learn at least five trading strategies
• Course You can use concepts in any financial market
Money Management – 1:00 to 1:45
• Risk versus Reward – the importance of the win/loss ratio
• Understanding the distribution of trend and the odds of consecutive loss
• You can go broke by taking a profit
• Determining positive expectancy
• The power of R Multiples
2:00-3:00: Building a Portfolio Risk Model
• Importance of managing your account equity as a professional
• Establishing objectives
• Building a plan to meet those objectives
• Power of R Multiples and Expectancy (cont.)
• How to run portfolio analytics with the FX Evolve Trade Log Application
3:00 to 3:30 Liquidity Cycles Thru 24-Hour Trading Day
• How liquidity, volatility and order flows move through 24 hour trading day
• Break down the day hour by hour
• Understand needs of Large Volume Traders in relation to price behavior
• Discuss costs of execution in relation to liquidity and time of day
• Specific currency pair activity
• What time of day to look for breakouts, reversals, etc
3:45-4:00 Lunch Break
Low Liquidity Fade Technique, 4:00 – 4:45
• Required structural conditions for setup to occur
• Order flow mechanics of the technique
• Specific requirements of Pre-NY setups in general
From 4:00 to 5:30 Identifying Waves
• How the markets work in cycles, even intraday
• Understanding the larger waves – Crests, Troughs and Wave Lengths
• Understanding the inner waves – Whitecaps
From 5:30 to 6:30: The Power of Mindset
Tuesday
12:20 – 12:30 Creating a Business Plan for Your Company Trading Business
• Why writing out this plan is so powerful
• Discuss the business plan template
13:00 – 1:00
• A rigid structure is an essential component of dealing with chaos (price is chaotic)
• Establishing Pre-Market, TradingPost-Market Routines
• How to use the FX Evolve Trade Log Application to conduct performance review
1:00 – 2:00 Introduction to Macroeconomic Analy
• Importance of placing price in Macroeconomic Context
• How to identify macroeconomic sentiment
• Understanding the Most Important Economic Indicators
• Interest Rates
• Inflation
• Central Bank Operations
2.15 – 3.15 Introduction to Order flow
• What is order flow?
• Buy stop, sell stop, limit buy, limit sell
• Where orders are placed and motivations of large order traders
• Touted order flows across news wire
3:30 to 4:30 Fractals & Historical MRZ’s
• Fractals Defined
• Price is an atom, fractal is the nucleus
• 5 Minute Chart
• 1 Minute Chart
• Higher Timeframes
Market conditions – 4:30 – 5:30
• Characteristics of Ranging Market
• Price Consolidation versus Ranging Activity
• Characteristics of Trending Market
• Playing Retracements
Rangement Structure, 5:30 – 6:00
• How markets range, even intraday
• Understanding pivotal rotations off the range
6:00-6:00 Inflection points
• Understanding wave cycles
• Recognizing ranging structures
• Determining high probability turning points in the market
Wednesday
Reading Candlesticks for Price Action Indicators: 12:00 – 1:00
• Candlesticks Defined
• Reading Momentum and Failure
• The Hidden Power of Candle Closes
• Importance of last 5 minutes of hour
• Reversal vs. Continuation Candlesticks
• Average True Range and Candlestick Analysis
Daily Range: 1:00 – 2:00
• Daily Range Defined
• When to fade and when to jump in for continuation
• Time of Day and ADR
2:00 to 2:30 Ross’ Technical Tools
• Pivot Points
• Moving Averages
2.45 to 3.30 Currency Strength Correlation
• Identifying strongest and weakest currencies
• How to use moving averages and pivot points to determine the most trade worthy currencies
3:30 to 4:00 Fibonacci Analysis
• Fibonacci Defined
• Fib Retracements & Extensions
• Backside of Fibs
• Price is never going to move 50-100 pips because a Fib level has been reached!
From 4:00 to 4:30 Topping and Bottoming Structures
• Sharp Rejections versus Consolidation
• Sharp Rejection followed by fractal buildup
• Sharp Rejection followed by 76% pullback
Tom Strignano, 4:30 to 5:30 “How To Calculate Key Levels”
• Pivot Points
• Moving Averages
Thursday
Live Market Analysis from 12:00 to 12:30
• Place price in Macroeconomic context
• Identify key levels
• Conduct technical analysis in order to identify potential setups
12:05 to 1:05 Entry and Exit
• Fade techniques
• Breakout techniques
• Understanding liquidity gaps for targets
• Origin of Intent
Steve Curlen Trend: 1:15 to 2:15-Follow this Strategy
• Strategy Defined Systematically
• Historical Examples
• Live Market Action
Ross Jaklik Position: 2:45 to 3.45 Trading Strategy
• Trend, Reversal & Profit identifications – How to use the technical tools to spot Inflection Points
• Trend reversal identification
• How to stalk your entry points for maximum profits and minimal losses
3:45 to 5:15 Intro to Range Extension Trading Method
• Method Defined Systematically
• Historical Examples
• Live Market Action
Friday
Live Market Analysis from 12:00 to 12:30
• Place price in Macroeconomic context
• Identify key levels
• Conduct technical analysis in order to identify potential setups
12:30 to 2:00 Jason Hoerr’s 1 Minute Scalping Technique
• How to identify momentum on M5 and M15 chart
• Define specific parameters of entry
• Trade Management
• Forex Tester
Ross Jaklik Intraday Trading System
• Psychology & Philosophy – Understanding the psychological barrier of multiple entries within the same trading session
• Review Crest, Troughs, Wavelengths & Whitecaps
• Entry and Exit Strategies – Combine understanding of Inflection Points to find the most probable Whitecap areas in the market to intraday trade.
• Versatility – How Intraday trading principles can be used for precision entry on position trades as well
• Backtesting
From 4:00 to 5:30 Forex Test
• Test various strategies and techniques learned in the course
• Track results in the Trade Log
From 5:30 to 6:00: The Next Step to More Education and Final Questions
• Suggested books and websites
• Ongoing education
• Implementing Daily Routines for consistent structure
• How to implement the plan
• Keys to staying disciplined
FXEvolve Forex Advanced Trading Course 201.
This Course Discusses:
How to build a risk model
Entry Techniques- Steve W. No Brainer Trades
Pivots
Trend Following Strategy-Steve Curlen
Systematic Approach
Key Levels
Topping/Bottoming Constructions
Moving Averages
Liquidity Strategy
Scaling Time: 1 minute
Top Down Analysis
Risk Model Construction
Steve W (NBT Tips)
This was the schedule to be followed. Since it was live it doesn’t follow this exactly.
FOREX Course Schedule: Monday, June 4, 2012 All Times Eastern Standard Time (EST.
From 12:00 to 12:30 Course Overview (Jason Hoerr)
–Establish goals for the week
–Discuss agenda
12:30 to 1:30 Portfolio Management (Jason Hoerr)
–How To Construct a Risk Model
–Finding your spot on the spectrum of risk
–Important of Systematic Approach
Break from 1:30 to 1:40
Entry Techniques: 1:40 – 2:40 (Steve W.
2:50-3:50 Intro To Pivots (Ross Jaklik).
–Understanding the structural relationship between basic support, resistance, and rotations in terms of pivot points.
3:50 – 4:00 Break
4:00 – 5:00 Trading When You Have A Complete-Time Job (Steve Curlen)
–Swing Trade Basics
–Breakdown of Trending and Swing Trading Strategy Parameters
Open Q from 5:10 to 5:30&A (Jason Hoerr)
FOREX Course Schedule: Tuesday June 5th 2012 All Times Eastern Standard Time. (EST.
12:20 to 12:30 The Importance Of Systematic Approach (Jason Hoerr).
–How to systematize discretion
–Key variables of the system
–How to write it out
From 12:30 to 1:30: How to identify key levels (Jason Hoerr).
–Key levels and Order Flow
–Confluence as clusters of orders
–Key technical tools that provide a defined edge
1:40 to 2:10 Intro to Moving Averages. (Ross Jaklik).
–Identifying the most important daily simple moving averages and how they relate to market price action.
2:50 – 3:50 Topping & Bottoming Structures (Jason Hoerr)
–Market microstructure on 1 Minute Chart
–Rounded tops and bottoms
–Fractal + Rejection
FOREX Course Schedule – Wednesday June 6, 2012 All Times Eastern Standard Time, (EST.)
12:20 to 12:30 Quantitative Analysis of 1 Minute Scalping Technique (Jason Hoerr).
–Review of basic system variables and data analytics
–Pros and cons of the trading system
–Test in Forex Tester
1 Minute Scalping Strategy, 12:30 to 2:02 Forex Tester Session (Jason Hoerr)
–Review of basic system parameters
–How to track results in Excel Trade Log
–Test in Forex Tester
2:0-3:10 Top Down Analysis (Ross Jaklik
–The importance and how-It is possible to identify key market positions using a top-down approach.
–Pivots
–Moving Averages
–Price Action
3:20 to 4:30 Trend Following Session Strategy Development Session (Steve Curlen).
–How to execute precise entries
–How to place stop
–How to manage open positions and exit for maximum efficiency
FOREX Course Schedule – Thursday, June 7th 2012 All Times Eastern Standard Time (EST.
12:20 to 12:20 Quantitative Analysis Results from Trend Following Strategy (Jason Hoerr).
–Review of basic system variables and data analytics
–Pros and cons of the trading system
–Test in Forex Tester
12:30 to 1:00 Trend Following Strategy Forex Tester Session (Jason Hoerr)
–Introduction to Forex Discussion and testing of how to gather analytics
Break from 1:00 to 1:10.
Open Q, 1:10 – 1:30&A (Jason Hoerr)
1:30 to 3:00 Steve W. Preso (Steve W.)
3:10 – 4:10 Asia-London Liquidity Rotations, Ross Jaklik
–Developing the mindset of a trend and breakout trader
–Identifying “the wedge” Pre-The identified levels are discussed in the top to bottom analysis approach
–Identifying take profit and stop levels as discussed in the top down analysis approach
4:20 to 5:30 1 Minute Scaling Strategy Forex Tester Session (Jason Hoerr)
–How to execute precise entries
–How to place stop
–How to manage open positions and exit for maximum efficiency
FOREX Course Friday Schedule
PM12:00 to 12:30 Live market analysis (Jason Hoerr).
–Place price in Macroeconomic context
–Identify key levels
–Conduct technical analysis in order to identify potential setups
From 12:30 to 2:20 Live Trading Examples (Ross Jaklik)
–How to put it all together and design a personalized trading system
Trend Following Strategy: 2:10 to 4:10 Forex Tester Session (Jason Hoerr)
–How to execute precise entries in real-Time
–How to place stop
–How to manage open positions and exit for maximum efficiency
From 4:20 to 5:05 How to Put It All Together (Jason Hoerr).[/vc_column_text][/vc_column][/vc_row]
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Course Features
- Lectures 0
- Quizzes 0
- Duration Lifetime access
- Skill level All levels
- Students 0
- Assessments Yes