No Nonsense Forex

The Manual 1.0

June 2019

Please Note:
This is an unofficial collation of materials found in the No Nonsense Forex
YouTube Videos
FX Trading Strategies
(Core Concepts)
Playlist Notes
VIDEO- Trading Forex For Beginners- The No Nonsense Way

What This Is

❏ Completely different approach

❏ Not “Price Action”
❏ Indicator- heavy
❏ Major focus on Money Management and Psychology

Benefits

❏ Time
❏ Eliminates Mistakes
❏ Creates a system that does most of the work

What This Is NOT

❏ Get rich quick

❏ I do not give away the exact pieces of my system
❏ I do not give away my top 50 indicators

In This Order

❏ Learn to trade first- www.babypips.com

❏ Episodes 3-13 of the podcast
❏ Core Concepts videos 2 through 6
❏ Then you can choose where to go next:
❏ Money Management Playlist
❏ Trade Psychology Playlist
❏ Technical Analysis Playlist
❏ Rest of Core Concepts
❏ Remaining podcast episodes
❏ Get one question- www.nononsenseforex.com/askVP
VIDEO- Best FX Trading Strategies (THE Top Strategy for 2019)

In This Video

❏ I reveal the #1 thing you need to know about trading Forex

❏ It’s not a tip or a trick or an indicator
❏ I will show you how it all works
❏ I will prove this

Who Controls Price?

❏ It’s not us (99% retail traders)

❏ Us Vs Them
❏ Know your enemy!!
❏ BIG BANKS!

Main Players

❏ Deutsche Bank
❏ Citi
❏ JP Morgan Chase
❏ HSBC
❏ Possibly some China

What They Do

❏ They need liquidity to make price go up and down

❏ They use YOUR money to do it
❏ There’s an endless supply for them in the Spot Forex market

How They Do It

❏ They can see where traders’ money is sitting in every currency

❏ They also know where the orders are
❏ The traders on the most popular side get their money taken. The traders on the other
side win
❏ Bad money management still makes you lose
Further Breakdown

Example:
GBP/ USD 65% Long GBP/ USD 35% are short

Banks take price short Banks take price short

Traders start losing $$ Traders start making $$

Price moves in waves Price moves in waves

Traders give up, relinquish their money to the Traders either know when to get out and
Big Banks make $$, or screw it up with bad money
management

Repeat

The Blackjack Theory

❏ You have to let “dumb money” win sometimes so they keep playing
❏ Banks do this just enough to keep the pool of dumb money around forever

I’m gonna Prove It

❏ EUR/CHF Crash
❏ A little known tool

The EUR/CHF Crash- What Happened?

❏ SNB said the CHF shall not drop below 1.2 EUR- a “peg”
❏ Traders were 70:1 Long:Short on the EUR/CHF
❏ CRASH!!! (Jan 2015)
❏ Entire platforms went out of business (e.g. FXCM got bailed out by forex.com/ IG) all
because of one trade, on one day

IG Client Sentiment- Formerly known as FXCM SSI Indicator

What It Does…

❏ Tells you where the dumb money is

❏ Show you how it affected price over time
❏ Based on the daily chart
❏ Remember the Blackjack Theory
❏ Link- https://www.dailyfx.com/sentiment
Please Understand

“If you don’t know what to avoid. It doesn’t matter what you do instead.”

Do not Be Popular

❏ Be under the radar

❏ Don’t use the same tools everyone else uses
❏ Don’t hang out where the popular kids hang out
❏ Don’t trade the news

News= Death

❏ Banks LOVE news events

❏ Allows them to move price wherever they want, violently
❏ They never have to explain themselves

Do Instead

❏ Seek out new ways to trade

❏ There are thousands of trading indicators available
❏ Get your money management figured out
❏ Have a plan
VIDEO- The Best FX Trading Tip I have for 2019 (Crucial)

In This Video

❏ I reveal my #1 Forex trading tip

❏ Why it’s so important
❏ 3 things you can do about it

My #1 Tip

❏ Eliminate the things that are bringing your trading account down. You must know what to
avoid

Avoidance is awesome!!
If can eliminate one loss:

1) Stop using tools that don’t work e.g. eliminate support and resistance areas/ trend
lines/ RSI (refer to ‘The Dirty Dozen’ video)

2) Stop trading “by feel”

How This Happens

❏ FOMO trades (Fear of Missing Out)

❏ Thinking a pair is “overbought” or “oversold” just by looking at it
❏ Exiting a trade “just because”

Why This Happens

❏ Emotions
❏ You lack confidence!
 3) Stop Trading With No Consistent Trade Management in Place

If my trade goes this way, and at what point will be ALWAYS WRITTEN DOWN.

Things To Avoid

❏ Not being adjustable- e.g. to use different SLs on different currency pairs and not
using same numbers throughout
❏ Chasing losses- Always put a SL somewhere, and never move it back to give it
‘more breathing room’... just let it hit the SL!
❏ Capping your upside (2:1 or 3:1 trades)

Example

❏ SL at -30 pips
❏ Take ½ off at +50 pips, move SL to break-even
❏ Set a trailing SL after you reach +100 pips

To insert own number here

Do This

❏ Write down a step by step if/ then procedure for managing a trade
❏ Follow it religiously every time
❏ Do nothing else

What We’ll Do Here

❏ Put trade management strategies in place

❏ Put trade entry strategies in place
❏ Learn what to avoid
❏ More trade psychology videos!
VIDEO- Forex Reversal Trading Vs Trend Trading (Don’t Screw This Up)

Trend Trading

“Buy Low, Sell High”

❏ Probably okay advice in stock trading

❏ Not a good idea in spot Forex
❏ “Overbought” and “oversold” does not exist here!

Currencies Are Not Stocks

❏ Equities have real values attached to them

❏ Currencies are whatever the Big Banks decide them to be

What Do The Banks Do?

❏ They find where Forex Traders have their money

❏ They take price the other way
❏ They redistribute that money back into the market

“Big Banks LOVE Reversal Traders”

Reversal Tools Suck

❏ Stochastics
❏ RSI
❏ Bollinger Bands
❏ CCI

Conclusion

❏ Reversal Trading makes it way too hard to make consistent money in Forex
❏ Move over to trend trading
❏ I will set you up for success the best I can
VIDEO- 12 Technical analysis Forex Tools To AVOID Always/ The Dirty Dozen

In This Video…

❏ List the 12 technical tools to stop using

❏ A quick blurb on why
❏ There will be a seperate video for each one of these

Why So High 99% Number?

❏ Bad money management

❏ Bad trading psychology
❏ Terrible, outdated technical tools

ADX Indicator

❏ 1978
❏ Volume meter is way too slow- if try to speed it up it gets wildly inaccurate
❏ DI Indicator lags heavily (even more than Stochastics for example)

Trend Lines

❏ Nobody ever draws them right

❏ There can be way too many options
❏ Once you discover a trend, it’s usually over
❏ Diagonal support/ resistance??? ABSOLUTELY NOT!

Stochastics

❏ 1950s
❏ Based on Overbought/ Oversold which is not really even a thing in Forex
❏ Doesn’t even do a good job of that (fast or slow)
❏ Traders get killed when price trends

Price Levels

❏ Way too many options here

❏ They are not “Psychological Levels” in real life
❏ The Big Banks see you
CCI Indicator

❏ 1980
❏ Too jerky
❏ Bad at reversals and trends

Support/ Resistance Lines

❏ Too many possibilities

❏ Every single trader can see them way too easily
❏ Big banks absolutely feast

Japanese Candlesticks (Patterns)

❏ 18th Century
❏ Easily to spot when they work- e.g. a hammer
❏ Too many traders can see them
❏ Big Banks feast

Chart Patterns (In General)

❏ Much better for stock trading

❏ Still too easy to see
❏ Big Banks love to whipsaw here

Bollinger Bands

❏ Early 1980s
❏ Heavily reliant on OB/OS (Overbought/ Oversold)
❏ Could make sense for stocks
❏ Takes you out of trends too early

Fibonacci

❏ Way too many possibilities

❏ Fundamentally flawed
❏ Too reliant on OB/OS

RSI

❏ 1978
❏ Created for stocks
❏ Used almost exclusively for OB/OS
Moving Average Crossovers

❏ Not the worst, but not great either

❏ Everyone can see the 50, 100, and 200 SMA
❏ Too late to the party
❏ There is a MUCH better approach
VIDEO- How To Trade the Eur USD (Warning!!)

The Most Commonly Traded Currencies of 2016

Currency Pair % Market Share

EUR/USD 23.1

USD/JPY 17.8

GBP/USD 9.3

AUD/USD 5.2

USD/CAD 4.3

USD/CNY (Chinese Yuan) 3.8

USD/CHF 3.6

EUR/GBP 2

USD/MXN 1.8

Source:
https://www.youtube.com/redirect?redir_token=H69VZnwAwnkojsi5AjMvcVcpgvJ8MTU2MTIzM
zY3MUAxNTYxMTQ3Mjcx&q=https%3A%2F%2Fwww.stofs.com%2Fen%2Fnewsroom%2Fentr
y%2FGENERAL%2Fthe-most-traded-currency-pairs-in-the-forex&event=video_description&v=v
VMMkmYYU4U

Reasons Why They Only Trade EUR/USD

❏ They were told to

❏ “I want to get good at one pair before trading the other”- Nonsense!
❏ “The EUR/USD is the most liquid pair”-

Reasons This is Wrong

1) Pairs don’t have their own “movement”

2) The EUR/USD is the most fucked- with currency pair on the planet

Don’t Misunderstand This

❏ Some pairs are more volatile

 ❏ Some pairs move more during certain sessions

Understand

Pairs might move a certain way for a while, but they will never stay that way.

Chaos Theory- Forex

Order (Consolidation), into chaos (Movement), then back again

Liquidity in Forex Doesn’t Matter

❏ I can’t speak for exotics, but ​stay within the 8 major currencies
❏ The Forex market is already super liquid
❏ None of us have enough money to make the market react
❏ “Spikes” in the more non- liquid pairs don’t happen often. Almost never. It’s a myth.

Who Really Moves the Market?

❏ Big Banks
❏ Their job is to take your money and redistribute it back into the market
❏ Where is the place for them to take traders’ money? It is the most popular pair, because
that where most money is sitting

“Which Pairs Should I Trade?”

Actionable Tips

❏ Don’t confine yourself to just trading the EUR/USD, and trade with caution when you do
❏ Trade half the amount of lots you normally do
❏ Explore other pairs without fear. A good trading system loves the unpopular
VIDEO/ PODCAST- Which Time Frame Gives You The Best Results?

The Best Time Frame to Trade Forex Is…

❏ The daily time frame. And it’s not even close.

❏ Not the answer you wanted? Like I said, keep reading. Good news ahead.
❏ I’m a professional, and I almost exclusively trade off of nothing but the daily charts. I
don’t even look at other charts. I don’t need to. It’s pretty great.

Here are the benefits of trading Forex on the daily time frame over any other

1) Everything Works Better

2) Seriously, you can trade 10-15 minutes a day and outperform almost everyone.
3) News Events No Longer Matter Much
4) Trading The Daily Time Frame Allows You To Zoom Out and See the Big Picture

The Good News You’ve Been Waiting For

❏ This blog post may have taken the wind out of your sails a bit, because you actually
enjoy trading on smaller time frames, or you feel like you have some sort of edge there.

❏ Fine. Maybe you do. I’m not here to take that away from you (though I will try my best).
So here are two pieces of good news you can take away from this.

You Can Do Both!!

❏ Double-dip if you want. Have one setting on your platform just for trading Daily charts,
and scalp on another. If both work, why would you not just do both? Who says you only
have to do one?

❏ This way you can put yourself in the best position to win by trading the Daily charts, and
continue to chase the dragon and feel the thrill of trading on smaller time frames.

❏ If you’re profitable in both, for the love of God, do both!! I just want you to succeed and
make lots of money in the end.

❏ This method has an added bonus I think of showing you in real time which time frame is
superior. Some pompous jerk on the internet may not be able to convince you to
change your trading, but if you can see it happening right in front of you, you may have
second thoughts.
Everything I Do Here Works On Every Time Frame

❏ Yes, even though you and I don’t even trade the same time frame, No Nonsense Forex
is definitely for you as well.

❏ A good indicator is a good indicator. A good technique is a good technique. A good

system is a good system.

❏ They just all perform better on the Daily time frame, that’s all.

What About the Weekly Time Frame?

❏ So the obvious question may be arising here, “If longer time frames are better, wouldn’t
the Weekly time frame be even better? What about the Monthly?”

❏ First off, I didn’t say “Longer time frames are better”. Because it’s not true

❏ The biggest issues with the Weekly (and Monthly for that matter) are how there are too
many large news events contained inside of it. You can no longer avoid them. They can,
and often do screw up your trade.

❏ And that trade, in a time frame like that, can be hundreds if not thousands of pips. It’s not
worth it.

❏ Plus, they don’t test out as well when I research indicators and the like. The 4 hour and 1
hour time frames actually perform better, believe it or not

Conclusion

❏ The Daily time frame is the best time frame to trade Forex and it’s not even close

❏ This blog and my YouTube channel and my Podcast are not designed to be shown to as
many viewers as possible. Just the dedicated ones who seek stuff like this out, and stay
with it. So if you are one of those select few, I want the best for you, and I can think of
no better way than to get you to make lots of money, but more importantly to give you
your life back.

❏ And I won’t stop until I’m done. And I won’t be done for a long time.
VIDEO- Forex Fundamental Analysis- You Don’t Need It

Who Are We?

❏ FX Investors
❏ FX Traders

Fundamentals Include:

❏ Global market conditions

❏ Politics
❏ Economic Indicators/ Report

Economic Calendar Link:

https://www.youtube.com/redirect?q=https%3A%2F%2Fwww.forexfactory.com%2Fcalendar.php
&event=video_description&v=X1CwjQ7wqy4&redir_token=_hLlGFHOF-q8raLAURk9FRdZt818
MTU2MTI0NzEwMkAxNTYxMTYwNzAy

Worst Offenders

❏ News outlets
❏ Forex Twitter
❏ Forex News Websites

Shit They Do

1) Tell you something already happened

2) Tells you which news events are coming
3) Tells you where price might go based on news

Pointless Info

❏ “Price might go up or down

❏ They will always point to price levels
❏ They’re wrong

The Banks- How They Do It

❏ Nothing may happen at all

❏ Banks already know what they’re gonna do
❏ When
❏ How they’re going to KO SLs before they move price
Great News!

❏ TA wins in Forex
❏ You can avoid FA altogether
❏ You still have to be aware of big news
❏ I will show you
VIDEO- How Many Currency Pairs Should You Trade? (Podcast Episode 4)

How Many Currency Pairs Should You Trade?

❏ 27- Every combination of the 8 major currencies of the world, except for the EUR/CHF

❏ EUR
❏ GBP
❏ USD
❏ AUD
❏ NZD
❏ CAD
❏ CHF
❏ JPY

Yes, and having 27 pairs at your disposal will give you an enormous advantage over another
Forex trader of the exact same skill level. Assuming you’re good.

But you have to get a few dumb notions out of your head first. And I’m here to do that right now.

Reason 1- You want to trade pairs that have high liquidity.

❏ How come? I’ve yet to hear a good reason for this. Low spreads? You think they jerk
around less than other pairs? Let’s debunk both of these myths.

❏ For the sake of clarity, “high liquidity” means a lot more money is passing through these
pairs than others.

❏ Pairs like the EUR/USD, GBP/USD, and USD/JPY have high liquidity, yes. But so what?
Forex is a 4-5 trillion dollar a day market. There is more money passing through currency
pairs with “low liquidity” than you or I have ever seen. Not so “low” after all.

❏ Liquidity is so high on every combination of the major currencies, even Bill Gates
couldn’t come in and ruin your trade.

❏ Having higher liquidity than most of the other pairs isn’t necessarily a good thing.

❏ Long story short, the Big Banks for the world are the ones who move price up and down
and take out your stop losses, thus giving them more money to play with.

❏ If you want pairs that move “smoother” (I’m using quotes a lot today, sorry), you are
telling me you want pairs that don’t have as many crazy whipsaws going on with them.
 ❏ The less interference from the Big Banks, the less whipsaws you will likely have to deal
with.

❏ You’ve been doing it backwards. As liquid as the EUR/USD is, this is the one pair I
would recommend LEAST for newer traders.

❏ Your reasoning for trading pairs because of their liquidity was a bad one, but that’s okay.
Nobody has to know. Go forward, and open up your trading seven-fold. You’re going to
be just fine.

❏ And as far as low spreads go, often the pairs with higher spreads move more pips per
time frame to compensate for this, so it’s often a wash. And if we’re trading the Daily
time frame, it matters even less.

Reason 2- You want to get comfortable trading one particular currency pair before moving onto
others.

❏ I applaud your patience and your restraint. But man, you blew this one.

❏ Say it with me: Currency pairs do not have their own unique movement. Remember this
always.

❏ Why are you not trading the NZD/CAD? I want a really good reason. You don’t have one.

❏ Is it because you scalp on smaller time frames? Do this: take any two currency pairs,
one you trade, and one you don’t, and compare them both on the 15 min chart during
the main times of day you trade.

❏ And when you do, again, you’re going to see how overrated that shit is too. If you can’t
see it, then do it again for the week prior. You’ll see it.

Reason -

❏ On any given day, you may have your favorite 3 pairs open, and I have my 27. If this is
true, I will have 9X the opportunity to make money over you. I also have the opportunity
to be patient, and wait for trades to come to me, without going long periods of time with
no activity.

❏ “But what if I just put 9X the money on those three pairs?”

 ❏ Because then you would be greatly over-leveraging, and your trading account will be
wiped out in no time. Please tell me you weren’t thinking this.

❏ We had just gotten done establishing how there’s nothing to be afraid of with trading
other currency pairs. So why not give yourself the best chance to win?

Why Not EUR/CHF?

❏ Because it doesn’t move like the other combinations of the 8 majors. Those two
currencies are still tied together way too often as I write this in 2018. And due to this, any
movement is usually fundamentals-driven, and I like to avoid that if at all possible.

❏ My algorithm doesn’t work on the EUR/CHF for those reasons, so that sucker is OUT.
VIDEO- How Long To Demo Trade Forex? (Podcast Episode 6)

How Long Should You Demo Trade?

❏ You need a 6 month sample size where you have made at least a 6% return on the
money you started with. Only then can I recommend you start trading your actual
hard-earned money.

❏ And that 6 months is probably not going to come in the first 6 months, so you will have to
learn to be patient. This is great however, because patience is one of the 3 main virtues
you need to trade successfully.

NOTE- VP uses OANDA as an example for demo trading

How I arrived at 6%

❏ The S&P 500 averages just under 12% return every year. That’s really good. Fortunes
have been made on putting your money there and doing absolutely nothing else.

❏ For those of you not paying attention, a 6% return in 6 months puts you on pace for a
12% yearly return. If you’re not doing that, I would be doing you a disservice by telling
you to put your money anywhere else but the S&P 500, because that will be a higher
ROI than what you’re currently doing.

❏ Of course, if you’re going to do that, wait until the next recession hits. We’re grossly
overdue. Get in cheap.

❏ But for the rest of you, use this as your benchmark. If your demo trading account starts
at $50,000 (many do), you want to aim for at least $53,000 at the end of a 6 month
period.

❏ If you don’t get there, keep trading until you do. But remember, it has to be a 6% return
in the LAST 6 months of your trading.

❏ And no cheating. If you have some freak trade that gave you over 6% in one big move,
don’t just stop and say “ta-da!”. You didn’t really win. This is a fake result, because the
chances of it happening again, when real money is on the line, is tiny.

Demo Trading Is Awesome!!

❏ You want to make money, I get it. But this is the most fun part of Forex.
 ❏ This is the part where you build the system, you’re own unique system, that will make
you money for the rest of your life. Yes, rest of your life.

❏ How much longer do you plan on living? 30, 40, 50 years? And you can’t wait 6 to 18
months to make sure you get it right?

❏ And if it all falls apart, you can just hit the proverbial reset button, and start back at
$50,000 or whatever your starting number was. Take advantage of this great
opportunity, because it doesn’t exist in real life.

❏ Nerding out and building your little empire is something you’ll look back on with a smile
too, I can guarantee this. When you discover a new tool that, when added to your
current system, makes everything much more successful than it was before- the
euphoria that comes over you cannot be measured.

❏ It actually feels even better than making real money. You’ll understand what I mean
someday. I hope.

Conclusion

❏ Demo trading is a part of Forex trading you cannot skip. It is absolutely forbidden. But,
and I cannot express this enough, it’s the best and most fun part of the whole ride.

❏ And you get to do it risk-free!

❏ Very very few things in life allow for this. Take full advantage.

❏ You have to be ​actively ​trading- do not take a break if you “feel” things aren’t working
etc.
VIDEO- The EUR/GBP and GBP/CHF- 2 of the Best Forex Pairs to Trade in 2019

In This Video

❏ Talk about all 3 currencies

❏ Show why both pairs are great options

❏ Got to my charts and prove it

❏ WARNING!

Understand

❏ I’m a trend trader

❏ I’m a pure technical trader

❏ I avoid Forex news every chance I get

USD Problems

❏ Big Banks love to manipulate it

❏ The most popular

❏ News events can be huge

❏ Day-to-day news (Trump) makes things move erratically

The Right Move- especially right now, is to get into cross pairs

❏ Cross pairs are awesome

❏ I describe them as any combination of the 8 major currencies that DO NOT involve the
USD
Advantages of the Euro

❏ Not affected by the USD that much

❏ News events are scattered- amongst many nations, some who are stronger than others.
Because it’s not just one nation, news in one country doesn’t move it so adversely

❏ Big news events are easy to spot

Advantages of the GB

❏ Doesn’t correlate with anything

❏ GBP pairs don’t stagnate, and GBP pairs certainly like to move

❏ Easy to follow news

Advantages of the CHF

❏ The most news- neutral major currency

❏ Moves with the EUR but not as heavy as the EUR

❏ Less WTF moments!

Why the EUR/ GBP?

❏ Slowest of the 8 majors

❏ Does not care about USD news

❏ NOTE- NFP are the most important news events in Forex

❏ Rarely stagnates/ Often trends

❏ High win %
Why the GBP/ CHF?

❏ Faster than the EUR/GBP, generally has a higher ATR

❏ Does not care at all about USD news
❏ Flows even BETTER than the EUR/GBP
❏ Under the radar AF

Why NOT the EUR/CHF?

❏ Finally moving well again

❏ Just not a big enough sample size

Do NOT

❏ DO NOT Wait for one to confirm the other

❏ DO NOT Trade them both at the same time

Conclusion

❏ Be cautious of USD pairs- be cautious and if insist then reduce risk size
❏ Trade more cross pairs
❏ Pay close attention to the EUR/GBP and the GBP/CHF they are wonderful pairs to trade.
NOTE: Don’t trade them the week before and the week after a Brexit vote!
❏ But don’t trade them both at once
VIDEO- Forex Volume Indicator

Understand

❏ We are trend traders

❏ Volume makes markets trend
❏ When volume is not there, we take losses
❏ We don’t have to take those losses if we don’t want to!

Less Losses= More $$

❏ Elimination Video
❏ What very people talk about
❏ A good volume indicator can take a lot of your losing trades away!

What a Good Volume Indi Does

❏ Tells you when there is enough volume to trade

❏ Prevents you from taking bad trades
❏ Lag as little as possible
❏ When volume isn’t there- NO TRADE! It doesn’t matter what your other indicators say.

Odds in Your Favor

❏ We get to do this
❏ The whole purpose of the algorithm
❏ If the odds are against us, we pass
❏ Only take trades we are supposed to win- by using the proven and tested algorithm

NOTE: Even a bad volume indicator helps us eliminate bad trades.

NOTE: Using ROC indicator for example- he doesn’t like it, he doesn’t endorse it! On the ROC
(zero line cross)- so if passes above zero that is a long signal, if passes below zero that is a
short signal.

The Rate-of-Change (ROC) indicator, which is also referred to as simply Momentum, is a pure
momentum oscillator that measures the percent change in price from one period to the next.
The ROC calculation compares the current price with the price “n” periods ago. This is used in
the example as a confirmation indicator.

NOTE: If don’t have exit indicator, COULD use your confirmation indicator for the exit
The ADX is part of The Dirty Dozen- we only care about the ‘blue line,’ however, DO NOT USE!
Add a level e.g. 25, and if volume is above the line it is ok to trade, if it is not then we don’t trade

Do This

❏ Find a good candidate for a volume indicator

❏ Reply to my pinned comment below the video with a link- see some comments from
Youtube Viewers below:
❏ Market Facilitation Index
❏ OBV- On balance Volume (Someone suggests adding a 10 SMA or EMA, when
above MA/EMA then looking for buys and the opposite applies)
❏ Chaikin Money Flow- CMF
❏ Accumulation Distribution Indicator 
❏ Price Volume Trend (Trading View) 
❏ Bill Williams’ MFI
❏ Standard volume with an EMA on volume
❏ CHO
❏ PipTick Volume
❏ Waddah Attar Explosion 
❏ Keltner Channel Oscillator 
❏ Volatility Hunter MT4 

Conclusion

❏ Trade confidently when you have volume

❏ Don’t trade at all when you don’t
❏ Keep adjusting, testing and improving your indicator

Additional Information:

List of volume indicators from ​https://forex-indicators.net/volume-indicators:​

❏ Acceleration Bands
❏ Market Facilitation Index
❏ Volume
❏ Chaikin Money Flow (CMF)
❏ Accumulation Distribution
❏ Volume Oscillator (PVO)
❏ Demand Index
❏ On Balance Volume (OBV)
❏ Money Flow Index (MFI)
❏ VWAP (Volume Weighted Average price)
VIDEO- Volume Indicators Part 2

Volatility Indicators

❏ Easier to read
❏ Google will show ADX, Bollinger Bands, ATR
❏ The ATR line I only use for the figure not the line (does not use as a volume indicator)-
the line can get you in trouble! The range will change on different currencies/ situations-
this makes things wildly inconsistent, as far as backtesting goes...forget it!

Do This

❏ Go to barchart.com
❏ Type in $EVZ
❏ Bookmark it- I refer to it before I even open my charts
❏ Can put number wherever you want
❏ My number is 8
❏ Look at figure only- if it less than your number (8 in example)- I may risk less than the
standard 2% risk figure, maybe to 1.5-1.75% risk just to mitigate losses better
❏ When the number is below 8- the chances of winning are lowered

Conclusion

❏ Volume and volatility Indicators are in the same group

❏ Use the tool if it helps
❏ Always keep improving on this
VIDEO- Forex Sentiment- Should We Chase It?

In This Video

❏ Don’t chase sentiment

❏ Some additional resources
❏ One way I do use it (sparingly)

O-Ver-Rated

❏ A lot of FX education says sentiment is as important as TA and fundamentals

❏ It actually is
❏ But there’s nothing we can do about it
❏ Chasing something we have no control over

There Is No Good Way

❏ Laggy AF
❏ We don’t know how the masses will react
❏ News can always get in the way
❏ We’re too zoomed in

That Point You Missed

❏ Create a system which keeps you off of the banks’ radars by avoiding areas on a chart
that are open to the most amount of bank manipulation

SSI- The Speculative Sentiment Index (SSI)

❏ Can go on Twitter and join ‘FXCM Market Data’

SSI Indicator- Once In a Blue Moon

❏ HE DOES NOT RECOMMEND THIS!

❏ If sentiment is at crazy extremes
❏ I will exit a current winning trade immediately
❏ This does not happen very often

Twitter Follows

❏ @DailyFXTeam
❏ @FXCM_MarketData
❏ @This_IS_VP4X
Conclusion

❏ Don’t chase sentiment

❏ If you must (BUT DON’T), use the resources I gave you
❏ Focus on your system
VIDEO- Trading Forex News- You Know Better

In This Video

❏ Why it’s best to avoid news whenever possible

❏ The types of news we should be aware of
❏ Actual events
❏ Game plan

“I don’t actually recommend that people watch Bloomberg etc.”

Scheduled News Events

❏ AKA “Economic Indicators”

❏ We get advance notice
❏ There are news calendars that will alert us
❏ Links to the calendars I use (one as a kind of backup):
❏ Forex Factory News Calendar (My Main) -
❏ https://www.forexfactory.com/calendar.php?week=jan13.2019

❏ DailyFx News Calendar (My Backup) -

❏ https://www.dailyfx.com/calendar

❏ News Impact
❏ https://next.newsimpact.com/

Big Banks Always Win

❏ They have permission to do whatever they want

❏ The media will explain it away
❏ News may dictate a higher/lower price
❏ Big Banks decide WHEN it gets there

Dirty Dirty

❏ They see all the orders

❏ They see where retail money goes
❏ Carte blanche to move price in ways that trip order, stop-losses, and move the market
against the majority

The Lesson Here

❏ Do not take part in this

 ❏ Avoid things you have zero control over
❏ Learn how to avoid news properly
❏ It’s not super hard

Advantage #292

❏ Daily Chart traders can ignore most news events

❏ Even when news goes against us, if we are technically correct, we can often absorb it
and price will often come back our way

Main Benefit

❏ Prevents us from a lot of needless losses

❏ We win by not losing
❏ Account goes up

Short Term

❏ Always have a news calendar, and check it before you look at your charts
❏ Most events you can ignore
❏ Every event CAN bite you, but probably won’t

How I Sourced

❏ Newsimpact.com
❏ Shows all events, and how big the spikes were
❏ $20
❏ I was able to find the most impactful events to avoid (2018)

USD

❏ NFP
❏ Interest Rates (FOMC)
❏ Powell
❏ CPI

GBP

❏ Interest Rates (MPC Vote)

❏ GDP
CAD

❏ Interest Rate
❏ Employment
❏ Retail Sales

AUD

❏ Interest Rate
❏ Employment
❏ No more Chinese news to worry about!

NZD

❏ Employment
❏ GDP
❏ GDT
❏ Interest rate (no move since 5/2017)

JPY

❏ Interest Rate

CHF

❏ Libor Rate

Remember…

❏ You can get stopped out by news events I didn’t mention, but the chances are very low
❏ If you do, you do
❏ Move on

GAME PLAN:

Entering a Trade

❏ Do not enter a trade if one of these news events is coming up within 24 hours

If Your Trade Is Losing

❏ EXIT!
If Your Trade Is <ATR

❏ If your trade is winning, but you have not taken initial profit yet
❏ Or if you have, but your profit in pips is <ATR
❏ Exit

If You Are Winning Big

❏ If you’ve already scaled out…

❏ If your trade is >ATR
❏ Carry on as usual
❏ Have a trailing Stop

Conclusion

❏ Don’t fight the big banks

❏ Recognize long-term news cycles, and avoid those currencies
❏ Know which events to avoid
❏ Plan accordingly
VIDEO- AUD/NZD- The Best Forex Pair To Trade

In This Video

❏ Why this pair kicks ass

❏ What you can do about it

Remember

❏ We love Technical Analysis

❏ We hate news
❏ We love trends
❏ We hate choppiness

Friends With Benefits

❏ Avoids the USD

❏ Bot Risk-On currencies
❏ Doesn’t correlate that much
❏ Early news can correct itself
❏ Either trends or consolidates

Game Plan

❏ Take every AUD/NZD trade your system allows

❏ Let it be the tie- breaker
❏ No need to test your system out on this pair!

In Conclusion

❏ AUD/NZD is the shit!

Trading Dead Markets in Forex (More Important Than You Think)

In This Video

❏ How to recognize dead markets

❏ How we can take advantage of them
❏ Put a plan of action in place

NOTE: S&P 500- We want up or down moves- generally if it goes down then more money goes
into the Forex market. EUR/USD the ATR has dropped off from approximately 8th January
2019.

A Good Thing??

❏ Realize this happens sometimes

❏ If you’re testing out your system for the first time, this is normal
❏ Test your system here
❏ Test your Volume Indicators

Strong Suggestions

❏ DO NOT TRADE
❏ Avoid the USD
❏ Take full trade off at 1 x ATR
❏ Realize you will miss the first big move
Trading the USD/CAD- We All Nerd Out Together

In This Video

❏ Break down the USD/CAD as a pair

❏ What to do vs what NOT to do
❏ Gangster-ass shit

Base Level Things

❏ Economies run together often

❏ Biggest news often comes out on the same day
❏ Due to one piece of fundamental analysis, there is something we can really take
advantage of here

Ignore Oil

❏ It makes the CAD a pain in the ass to trade

❏ Oil is hard to figure out
❏ The correlations just aren’t helpful enough

MACD

❏ Not great, not terrible

❏ Can be used as zero-line cross or two-lines cross
❏ Continuation trades

In Conclusion

❏ Ignore the nuances of the USD/CAD

❏ Keep dumb, useless correlations out of your trading
❏ Exploit the opportunities you’re given
VIDEO- Forex Review- How I Trade

In This Video

❏ Show the process I go through each trading day

❏ Mention 1 piece I have yet to mention
❏ Reference old videos along the way

What We Do

❏ Weed out the bums

❏ We trade the Daily Chart- this system does work in all time frames but there are many
benefits of using the Daily Chart
❏ We put together a system of indicators (algorithm)
❏ I trade for 10-15 minutes a day

What We Been Doing

❏ All pieces of algo structure

❏ How to Backtest
❏ How I trade it all
❏ I will reference the video each concept came from

Steps, Start to Finish

❏ Wait until 1:40pm PST/ 8.40pm GMT

❏ $EVZ
❏ News Calendar
❏ Open Charts
❏ Whiteboard
❏ Maintain Open Trades
❏ Scan For New Trades
❏ Trade!
❏ Repeat for Metals

On My Board

❏ Active Trades
❏ Upcoming possibilities
❏ Possible pullbacks
❏ Metals/ Oil
❏ Quote
Maintenance Mode

❏ Make sure SL or TP executed

❏ Check Exit Indicator ​(and confirmation indicators?!)
❏ Do I need to move SL?
❏ Trailing SL- to put in your own structure here until the ‘Trailing Stop’ video has been
done

Where My Eyes Go

❏ Baseline
❏ Confirmation Indicator
❏ Move On- if neither one of those things tell you to enter a trade

If Baseline Says “Go”

But, if my baseline does tell me go, a pair that crossed and closed above and below the
baseline for the first time:

❏ Pull up ATR
❏ Measure distance from baseline (Refer to ‘Pullbacks Video’)
❏ Check the rest of my indicators- if any of them says no, I don’t ask questions, I move on
❏ If NO, move on
❏ If YES, write it down then move on to the next pair

Like, On a Piece of Paper?

❏ Efficiency
❏ Organization
❏ There may be more than one trade for one of the currencies I wrote down

If Baseline Says “no”

❏ Look down at my confirmation indicator

❏ Move onto the next pair

Baseline “No”, Confirmation Indicator “YES”

❏ Continuation Trade
❏ Check to see if the rules are met
❏ Consult the rest of my algo (but not the volume indi)
 ❏ If “yes”, write it down

How To Trade

❏ Figure out my risk

❏ Figure out my SL and first TP
❏ Enter (market order)
❏ Double check
❏ Vaya Con Dios!

Conclusion

❏ Structure is important
❏ Whatever makes sense to you
❏ Have a structure, and follow it
VIDEO- US Dollar/ USD- Present and Future

In This Video

❏ Reiterate and clarify what we’ve learned on the USD already

❏ Talk about the future
❏ Discuss how the USD and other currencies factor in

What We Know By Now

❏ Most difficult currency to trade

❏ Fundamentals/ Banks play a large part
❏ USD often “drives the bus”
❏ Safe-haven currency
❏ World’s “reserve currency”

Understand

❏ Trade USD pairs just like any other pair

❏ EUR/USD included
❏ Be cautious with your risk, especially early on
❏ Okay to omit EUR/USD for beginners

Winners Play Both

❏ Offense: Technical Analysis, Money Management, Psychology

❏ Defense: Diversification, protection from a major economic downturn

American Recessions

❏ 1953-1954 (4)
❏ 1957-1958 (3)
❏ 1960-1961 (2)
❏ 1969-1970 (8)
❏ 1973-1975 (3)
❏ 1980 (5
❏ 1981-1982 (1)
❏ 1990-1991 (7)
❏ 2001 (10)
❏ 2007-2009 (6)
❏ ??? (10)
FX Is Recession-Proof!!

❏ Fiat currencies have no intrinsic value

❏ One against the other
❏ Market conditions do not affect us negatively

But You Are Not

❏ Stocks, bonds, IRAs, real estate, businesses, FX, sugar daddy

❏ Because they are all linked to ONE CURRENCY- USD, you are not as protected as you
think

Long Term Bearish USD

❏ Other countries have caught up to the United States

❏ We print money without consequences
❏ Other countries are tired of our shit (Americas’ shit!)

In Episode 12

❏ Play “real life Forex” and hold other currencies- VP used to hold USD, CHF, CNY and
❏ Hold metals!
❏ Crypto

What I’m Looking For

❏ Countries who “get it”, and are moving in the right direction
❏ Non-western countries (tax, declining business, liberal policies)

What I Have Now (“Real life Forex”)

❏ USD
❏ CHF
❏ CNY (but less of it)
❏ RUB
❏ Other small countries
Major Gold Buyers

❏ Russia
❏ China
❏ Iran
❏ Azerbaijan
❏ India (silver)

Why Metals?

❏ Intrinsic value
❏ Should go up (recession, low supply)
❏ Great hedge against all currencies
❏ When things collapse (and they always do), you win big

SIDE NOTE: VP Keeps his gold offshore!

Crytpo- What I Love

❏ High upside and limited downside

❏ Diversification, this way, provides that
❏ Bullish on crypto overall
The Upside/ Downside

❏ Upside- Always protected, can come out on top in a very short amount of time, buy shit
on the cheap afterwards
❏ Downside- Very little. It can’t all go down

In Conclusion

❏ Be diversified- not in the old-school BS way- in real life

❏ Do it as soon as you can
❏ Defense is just as important as offense
❏ I am not a licensed Financial Advisor
VIDEO- Best Forex Broker 2019 (Non-US Version)

In This Video

❏ Who can/can’t trade with them

❏ Criteria
❏ Two all- time favourite brokers
❏ Bonus Links for you (Real Money Traders)

❏ BONUS LINK FOR MY #1 BROKER

https://application.blueberrymarkets.com/

❏ BONUS LINK FOR MY #2 BROKER

https://www.markets.com/?intent_group=Brand&cid=A2CEE74AA9115007AAB2
81ED000D36B6&zid=Mexos_Markets&pid=148498&mid=14755048&custom=51
355&c=A2CEE74AA9115007AAB281ED000D36B6&af_sub1=14755048&af_sub
2=Mexos_Markets&af_sub3=51355&traffickey=96EF2721B32FC3E579646131C
7F2B1BE

My Process

❏ I have been shopping around for most of 2019

❏ Brokers started coming to me
❏ My #1 was already tops on my list
❏ My #2 impressed the heck out of me
❏ I got you offers nobody else will get

What Matters Most

1) Safety
2) Ease of Use
3) Customer Service
4) *Spreads

Safety First

❏ USA, UK, Australia, Singapore, Japan

❏ OR/​ AND ESMA, CySAC
❏ Avoid: Malta, Russia, Costa Rica, caribbean
❏ Medium sized to large
❏ Well capitalized
Stay Out Of My Way!

❏ Fast Execution
❏ Easy-to-use proprietary platform
❏ No WTF moments
❏ Make it so I don’t have to call CS

My #1- Blueberry Markets

Who They Are- ​Blueberry Markets

❏ Australian
❏ Mid to high on the $$ scale (8Capbacked)
❏ The Google of Forex brokers
❏ No bells and whistles
❏ Everybody F*cking loves them!

Specs- ​Blueberry Markets

❏ ECN broker
❏ Trade directly off of MT4/MT5
❏ Native English speakers all the time
❏ CS also available in Spanish and Tagalog, but they use Google translate for others

Why I Heart Blueberry

❏ Lightning fast execution, no slippage

❏ None of the stuff I don’t need/want
❏ Fully dedicated to the best CS
❏ Native English speakers all the time

My #2- Markets.com

Who They Are- ​Markets.com

❏ UK Broker
❏ Offices in UK, SA, and AUS
❏ CySEC regulated
❏ Fairly Large (FTSE 250 company)
❏ Options galore!!
Specs

❏ Dealing Desk Broker

❏ Trade off of MT4/MT5 or their proprietary platform
❏ Lots of tutorials on this on the site
❏ Ridiculous amount of things to trade

VP Demos using Absolute Strength Oscillator

I’m Loving This!

❏ Also very fast execution

❏ Also very good CS (UK,SA or AUS)
❏ CS also available in Spanish, German, Italian, Arabic
❏ Trade everything under 1 broker
❏ Chart everything on MT4!!!

Bonuses- Requirements

❏ Must be in a prohibited country

❏ $1000 minimum deposit for Blueberry Markets
❏ $250 minimum deposit for Markets.com
❏ Must go through the link(s) in the description

For Blueberry Markets

❏ 10% bonus tacked onto your deposit (Max $2000)

❏ Ben Clay as your own personal concierge!
❏ Ben is available 16 hours a day

For Markets.com

❏ Extra low spreads

❏ Possible deposit bonus if outside of Europe
❏ Call George Troop for more details

In Conclusion

❏ Check out these brokers and see what you think

❏ Use the resources I gave you
❏ If I see anything else good I’ll try and bring it to you as well
FX Technical Analysis
Playlist Notes
VIDEO- The ATR Indicator Is The Single Best Indicator Forex Traders Can Have (Use It Or
Lose It)

In This Video

❏ Explain the ATR and how it works

❏ Why you should use it 100% of the time

My Algorithm

❏ A series of things that must be true/untrue before something happens

❏ A series of indicators that must be true for me to enter a long/short trade

My Indicators

❏ Avoid trading where the Big Banks trade (stay unpopular)

❏ Get me in and out of a trade at the best times possible
❏ Before I trade, I have to know how much to risk

Please Understand

❏ There is no one indicator that is great at predicting where price will go

❏ The ATR is the best, because it is the 1 indicator everyone should be using

Also Understand

❏ There is nothing sexy about this indicator

❏ The ATR is crucial for Money Management
❏ Money Management is crucial to winning

ATR

❏ Tells you how many pips the currency pair has moved, on average, in the past x amount
of candles

The Way I Describe It

❏ Not in units
❏ Not in dollar amounts
❏ How much are you trading per pip?
❏ Ex: 1 lot on the EUR/USD-$10 per pip
Let’s Compare

EUR/GBP GBP/NZD

ATR= 41 ATR= 125

Moves ⅓ of GBp/NZD Moves 3x amount of EUR/GBP

For example, if you’re trading at $6/pip Trade ⅓ less per pip ($2/pip)

In Conclusion

❏ Know that money management is what will separate you from the losing traders
❏ Have the ATR on your chart or on the ready always
❏ Never trade without it
VIDEO- The RSI Indicator Is One Of The Worst Forex Indicators You Could Possibly Use

In This Video

❏ Show you why the RSI is a terrible option for your Forex charts

The Dirty Dozen

❏ ADX
❏ Trend Lines
❏ RSI
❏ Stochastics
❏ Price Levels
❏ Bollinger Bands
❏ MA Crossovers
❏ Support/ Resistance
❏ Fibonnaci
❏ CCI
❏ Chart Patterns
❏ Japanese Candlesticks ​(Patterns also included here)

RSI

❏ Created in 1978
❏ Created for Stock trading
❏ Created to find reversals in price

Why Do You Use It?

❏ Easy to use
❏ It’s extremely popular
❏ You were shown from the start

Dirty Little Secrets

❏ The instructors don’t actually trade

❏ They don’t know about other indicators
❏ They, like most people, cherry-pick their examples
❏ You saw “pros” use it
❏ You had some success with it before
Please Understand

❏ These people are NOT technical traders

❏ Many of them aren’t even traders
❏ They know their audience knows nothing about technical analysis

Why the RSI Sucks

❏ Don’t forget the earlier slide

❏ Doesn’t even do a good job at what it was supposed to do
❏ “Works in range-bound markets”
❏ When price trends, you get killed
Forex Trend Indicators- How To Find The Good Ones

In This Video

❏ Where you need to be right now

❏ Types of trend confirmation indicators
❏ What to look for

What To Look For

❏ Doesn’t get you in too early (too choppy)

❏ Doesn’t get you in too late (too slow)
❏ Avoids whipsaws and false trends

My Indicators- Out of 2000

❏ 1900 were garbage

❏ 100 were usable
❏ 50 were very good
❏ 7 made the algorithm

Three Main Types

❏ Zero-line cross
❏ Lines that cross each other
❏ Chart Indicators

Zero Cross

❏ An indicator that tells you to enter a trade once it has crossed its zero line-

ROC INDICATOR NOTE: In the demo VP uses ROC Indicator as an example. He also
changes the settings from 10 to 20.

“I still do not endorse the ROC, this indicator still sucks. Just know when you see
something for the first time and it’s not your liking change the settings.The lesson is don’t
use this indicator!”
Two Lines Cross

❏ Where one line crosses another, it’s time to make a trade

❏ The Aroon Up & Down Indicator is in the top 100- possibility to tweak and make it very
good!
❏ When the green line goes higher than the red line means long.
❏ When the red line goes higher than the green line means short

Chart Indicators

❏ An indicator which goes directly on the chart itself that signals when a trend is changing.
❏ “Super trend may be better as an exit indicator”
❏ Parabolic SAR- the idea here is when dots are below price it wants to go long, when the
dots are above the price it wants to go short. Not good when not trending.

Conclusion

❏ Put in the work!!

❏ Know what to look for
❏ If you think you have something close, test and tweak
Video- MACD Indicator (It’s Not Great,BUT…)

In This Video

❏ Catch you up
❏ Different types of MACD
❏ What it does
❏ The one part of it that actually works

What The MACD Does

❏ Two Lines Cross

❏ Zero Cross
❏ Reversals
❏ Trends
❏ ....

Problems Already

❏ SMA or EMA?
❏ MT4’s MACD or not?
❏ Histogram?

Two Things It Attempts To Do

❏ Two lines crossing- reversal

❏ Crossing the zero line for a trend
❏ So when people look at two line crosses they look for reversals.
❏ Do This Instead:
❏ Wait until both of the lines are either under the zero line or above and have not
touched and I want you to wait for it to cross going the same way
Rules

❏ The lines must already be over zero for longs

❏ When they cross upward, go long
❏ The lines must already be under zero for shorts
❏ When they cross downward, go short

Conclusion

❏ Don’t use the classic MACD

❏ Use the one part that works, and apply it to your trading
❏ My biggest trades ever were because of this
Forex Price Levels- Way Better Off Without Them

Understand

❏ Price levels are also referred to as “Psychological Levels”

❏ No good reason why this is
❏ There are many different numbers where people think these levels can be

Levels

❏ 00 “Big Figure”
❏ 50 “Mid Figure”
❏ 80
❏ 20

What Actually Happens

❏ These levels usually have more trading going on

❏ Big Banks note the action
❏ Big Banks adjust accordingly
❏ They usually do nothing

Do This Instead

❏ Ignore price levels completely

❏ Use indicators for entries and exits
❏ Unfollow anyone on Twitter who mentions price levels
VIDEO- Heiken Ashi Trading Strategy- Forget What You’ve Heard

In This Video

❏ What is Heikin Ashi?

❏ How most people use it
❏ How you can use it

Heikin Ashi

❏ Very Simple
❏ White means long, Red means short
❏ Filters out the noise
❏ Cannot change the settings

Do Not

❏ Do not enter trades using Heikin Ashi

❏ The losses exceed the gains almost always

Do This Instead

❏ Enter using your own system (trend)

❏ Take initial profit. Move SL to BE
❏ Use Heikin Ashi to manage the rest of your trade
❏ Measure the results against future exit indicators

Understand

❏ For beginners only

❏ Always look for better
❏ Once you find better, you won’t need Heikin Ashi again
VIDEO- The Best Forex Fibonacci Strategy Is Not To Do It

In This Video

❏ Show you why trading with Fibonacci is a bad idea

❏ Show you why most traders think it actually works

Choose One

❏ Dumb money, and the Big Banks reacting to it

Or
❏ Number sequences found in nature

How the 99% Enters

❏ Picks a level they like best

❏ Waits for price bounce off one of the levels

Answer Me!!

❏ Do you only use the most recent?

❏ Do you combine them with long-term?
❏ Do you use fibs that have already been proven not to work?

Why It Doesn’t Work

❏ Too many lines. Too many possibilities

❏ Everyone uses it to trade reversals

Shit Forex Twitter Does

❏ Always tells you levels to look for

❏ Cherry-picks charts
❏ Shows you the move after it happened
❏ Could have happened at any level, on any fib, even really old ones
In Conclusion

❏ Don’t use Fibonacci retracements

❏ Ignore people who talk about them
❏ Use indicators instead
Forex Indicator Basics (With a Bonus)

In This Video

❏ Quick review
❏ Go over two big parts of indicator trading some people miss
❏ How to read charts very quickly

WTF Is This?

❏ Something that should have been mentioned earlier

❏ Great for new traders
❏ Still good for more experienced traders

ATR- The Data You Want

❏ The ATR of a currency pair is available at the CLOSE of the previous candle
❏ You can cheat like I do and check the ATR right BEFORE it closes

The Main Thing

❏ Wait until the candle closes

❏ Again, you can cheat here, but be careful

How To Read Charts Fast

❏ Take your main confirmation indicator

❏ Just read that, and that only
❏ If it gives you no signal move on
❏ If it does give you a signal, start looking at the other indicators in your system

In Conclusion

❏ Wait for the candle to close

❏ OR trade right before it does
❏ Lock onto your confirmation indicator on the daily chart to trade super fast
VIDEO- Forex Trend Lines Are A Bad Idea Always

In This Video

❏ Why people like them

❏ Why they suck really really bad
❏ How they’re just like flipping coins
❏ The one argument

Usually Not A Trend

❏ Trend: ​(noun) A general direction in which something is developing or changing

❏ Anomaly: ​(noun) 1: Something abnormal, peculiar, not easily classified. 2: deviation from
the common rule: irregularity

Breakout or Bounce?

❏ Pick one
❏ Forex Twitter is gonna get you!
❏ They will point out the line
❏ They will wait until later to crow about the result

3 Main Possibilities

❏ Breakout
❏ reversal/ rebound
❏ False breakout/ reversal

Seriously?

❏ Horizontal Support and Resistance

❏ DIAGONAL support and resistance?

No Standard For Drawing!

❏ Connect the highs/ lows

❏ Connect the bodies
❏ Combination?
❏ When is it no longer legit?
Try This

❏ Instead of combining two garbage tools

❏ Step outside the bubble
❏ Find and test some of the 1000s of other options
❏ Combine GOOD tools
VIDEO- The Saga of the TDI Indicator

TDI- In This Video

❏ Talk about all-in-one indicators

❏ Go over the pieces of the TDI
❏ Extract the one good piece
❏ Test

The Story Begins

❏ Dean Malone claimed credit for the TDI

❏ Series of indicators rolled into one
❏ I loved it
❏ I stopped using it a long time ago

All In One

❏ Rare
❏ Every indicator within must work really well
❏ Often you can find pieces that work really well

Piece Of Eight (minus 4)

❏ RSI
❏ Signal line (MA)
❏ Bollinger Bands
❏ “Market Baseline” (34 MA)

Repainter!

❏ An indicator that shows different data after-the-fact

❏ Different signals in hindsight than in real time
❏ 1 minute chart

In Conclusion

❏ Avoid this indicator

❏ Learn how to spot and test for repainting indicators
❏ Be happy!
VIDEO- Putting A Moving Average On An Indicator Makes Things Happen

In This Video

❏ How to add a moving average to an indicator

❏ Show the possibilities it opens up

Examples

❏ Accumulation- just has one line!

❏ Advises to use a two line cross for confirmation indicator

Conclusion

❏ Always know you can add an MA to an indicator

❏ Open your possibilities
VIDEO- Forex Chart Patterns- So Pretty, But So Deceiving

In This Video

❏ Why you like(d) them

❏ Great in hindsight
❏ Further proof how they fail over time

If You Didn’t Know

❏ Head-n-Shoulders
❏ Triangle
❏ Wedge
❏ Rectangle
❏ Flag
❏ Double/ triple top/bottom
❏ 3 strike pattern
❏ Measured Move
❏ Cup-n-Handle
❏ Pennant

You Want To Believe

❏ You see them when they work

❏ You cannot see them when they don’t work
❏ You keep trading them regardless

Always Remember

❏ The 99% loves chart patterns

❏ Often drawn using janky trend lines
❏ Forex Twitter and websites won’t show you the failures

Instead

❏ Put together a system that’s proven to work consistently over time

❏ Better than anything which has not been proven

In Conclusion

❏ Pay no attention to chart patterns

❏ Do not let them alter the way you trade at all
❏ A good system trumps all
VIDEO- My Forex Algorithm- Part 5 Revealed

In This Video

❏ Uncover an algo piece

❏ Explain why it’s necessary
❏ Show the best way to use and test this piece

Complete Algorithm

1) ATR
2) Base Line
3) Confirmation Indicator
4) 2nd Confirmation Indicator
5) Volume Indicator
6) Exit Indicator

Great News!

❏ You probably already have some on you

❏ Easy to test
❏ Results will go up

If confirmation indicator is a Two Lines Cross, use one of the other types

Remember

❏ We win by not losing

❏ Eliminating losses= $$$$
❏ If we can do this without eliminating wins, we’re making our system a lot better

How To Test

❏ Your main confirmation indicator makes all the decisions for entry
❏ Your 2nd confirmation indicator gives the green/ red light
❏ Leave every piece of your system out of it- apart from ATR
❏ Record the results
❏ Which 2nd confirmation indicator takes away the most losses while still preserving the
wins
VIDEO- Renko Charts- Wanna Be A Pioneer?

In This Video

❏ We will NOT show how to install

❏ What Renko does
❏ Pros/Cons
❏ Unique Opportunity

Dumb It All Down

❏ Does not work like regular charts at all

❏ Renko Bars
❏ You set how many pips the bars represent
❏ Must be the same number

More

❏ Lower numbers are for scalpers

❏ Not good for daily traders at all

Pros

❏ Filters out noise

❏ Things like Trend Lines and Fibs rendered useless
❏ Money Management pretty much built in

Cons

❏ Not always as great as it first looks

❏ Not very adjustable
❏ You have to be present for every entry/exit candle

Check This Out…

❏ We at NNFX use indicators, and often uncommon indicators

❏ Indicators operate totally different here
Good For Some

❏ People with time on their hands

❏ Younger people
❏ People who love to nerd the F out
❏ Nobody is playing in this pool
❏ Undiscovered gold

Conclusion

❏ Understand what Renko is

❏ Understand what Renko is not
❏ Understand the opportunity that it gives you
❏ Understand you may end up wasting your time
VIDEO- Top 100 Forex Indicator- The SSL

SSL Channel Chart Alert

❏ Top 100 (50-100)

❏ Had great success with it
❏ Confirmation indicator AND an exit indicator
❏ Best if used as both
❏ Chart Indicator

Examples Of These- Chart Indicators

❏ Moving Averages
❏ Bollinger Bands
❏ Parabolic SAR
❏ Ichimoku
❏ Zig Zag
VIDEO- Forex Support and Resistance- Better Off Without It

Understand

❏ This is more for new viewers

❏ Yes, I do not like S&R
❏ Dirty Dozen
❏ Big Banks

In This Video

❏ Show why I do not use them

❏ Why I like my method better
❏ Make peace

They’re Not Terrible

❏ Trend Lines are terrible

❏ “Psychological Price Levels” are terrible
❏ Fibonnaci is terrible
❏ S&R is something I don’t advise

Caveat

❏ We trade the daily time frame only at No Nonsense Forex

❏ Banks can react differently to intraday trading
❏ A lot of what we’ll be talking about applies to both

What S&R Creates

❏ Creates hotspots on a chart

❏ Moreso on popular charts
❏ Decision time for the Big Banks
❏ Breakthrough, reverse, or fake-out
❏ You never know which!

Fanning The Flames

❏ More reversals tend to happen here (most people trade reversals)

❏ Forex Twitter loves this
❏ People who sell bad products love this
Even Worse!!

❏ Sometimes “breakthroughs” happen here

❏ “Experts” will tell you to keep the trade open until the next line!
❏ Terrible money management

Guesswork

❏ Breakout or reversal?
❏ Which line will I use?
❏ Which Time Frame?
❏ What do I do after I enter?

Confidence

1) Doing
2) Certainty

Most price action tools do not allow much certainty

Not Even Close

S&R Lines Indi-Based System

❏ Am I using the right line? ❏ I know exactly where to go

❏ Right TF? ❏ Money Management built-in

❏ How do I manage?

For Newbies and Killers

❏ S&R lines are not all they’re made out to be

❏ The fact nobody speaks ill of them is a BAD thing
❏ When you encounter them in your trading, just ignore

I Offer You This

❏ If you like them and use them with success, great! Keep doing that
❏ Test other ways!
❏ Compare/ contrast
❏ At least give the Money Management playlist a look
VIDEO- Exit Indicators- Worth A Lot More Than You Think

In This Video

❏ Main functions of an Exit Indicator

❏ General Rules
❏ Ima give you one

What It Do, What It Do

❏ Gets you out at the most optimal point on a winning trade, and before it hits your TS
❏ Gets you out of a loss before it hits your SL
❏ Tells you when to get out of a stagnating trade

Rules To Follow

❏ Can be the same as your Confirmation Indicator

❏ If not, only goes on your chart after you’ve entered

Examples

❏ A two-lines cross indicator

❏ Your best reversal indicator
❏ Heikin Ashi
❏ The one I’m about to give you
❏ Next week’s video

Relative Vigor Index

❏ Already included on MT4

❏ Not good for entries, decent for exits
❏ Can be your gatekeeper- can measure other exit indicators against this

In Conclusion

❏ Take this step very seriously

❏ Having a gatekeeper here is important- record these first then test other exit indicators
against them
VIDEO- Moving Average Crossovers in Forex- There’s a Better Way

In This Video

❏ Continuation from last video

❏ Why I don’t like MA Crossovers
❏ A better way
❏ Plan of action

MA as a TS (Trailing Stop)

❏ Place the MA of your choice on the screen after you’ve taken your first profit
❏ Ride the trade until it closes the other way past the MA

Baseline Basics

❏ If price sits above your baseline, never go short

❏ If price sites below your baseline, never go long
❏ Enter when price crosses and closes beyond it
❏ THEN make sure everything else confirms

So Many Types Available For The Baseline

❏ SMA
❏ EMA
❏ TEMA
❏ FRAMA
❏ VIDYA
❏ TMA/TRIMA
❏ McGinley Dynamic Indicator
❏ DEMA
❏ AMA

This baseline you are about to put together is going to become a big part of your overall identity
as a trend trader

Conclusion

❏ MA Crosses are not the best way to enter a trade

❏ Having an Ma as a baseline is way better
❏ Don’t backtest this out until you watch next week’s video
VIDEO- Forex Baseline- We Go Deep

In This Video

❏ Where the best place is for a baseline

❏ Rules for entry/exit
❏ Reduce losses even further

Algorithm

1) ATR
2) Baseline
3) Confirmation Indicator
4) Volume Indicator
5) 2nd Confirmation Indicator
6) Exit Indicator

Main Rule of Entry/Exit

❏ Enter when price crosses over and closes beyond your baseline
❏ The rest of your algorithm must allow it
❏ Exit once it crosses and closes the other way

Look At Both!

❏ You used to start with your confirmation indicator when looking at your charts
❏ Now you must start with your confirmation indicator AND your baseline

Where Should It Go?

❏ Match your baseline up with the rest of your algorithm

❏ Everything needs to agree to trade
❏ Ultimately, in a place which filters out losses

And One More Thing

❏ The “One Candle Rule” does not apply to baselines (Episode 39 of podcast)
❏ You can wait for your other indicators to catch up if they need to
❏ Will discuss further next week
Conclusion

❏ Know the rules, and get comfortable testing with those rules in mind
❏ A good baseline will add wins, eliminate losses, and mitigate losses
❏ More baseline excitement in the next two videos
VIDEO- Pullback In Forex- Don’t Get Crazy Here

In This Video

❏ The one good time to use pullbacks

❏ Why you should avoid them otherwise

Please know

❏ This is hard for me to explain

❏ Very advanced concept
❏ If you understand this one, you’re good to go later
❏ But you can skip if you have to

What They Are

❏ A big candle, followed by a shorter candle going the other way

❏ Some traders will often wait for this to happen before trading
❏ This is madness (usually)

Why Big Candles Happen

❏ News
❏ Big Banks stop-hunting
❏ Price is actually going that way

Rules For Pullbacks

❏ This only applies when price, in one candle, has shot way past your baseline
❏ Do not enter if price has travelled more than 1xATR beyond it
❏ Wait for a pullback (one candle rule)

If, Then

❏ If you are just waiting for your indicators to catch up, and when they do, price is more
than 1xATR
❏ Do not trade. Do not wait for pullback. Abort

Avoid Pullback-itis!!

❏ ONLY use this tactic when it applies

❏ Never use it anywhere else
❏ I don’t care if price is one pip away for qualifying for this
Aww, How Come?

❏ Our system already has great loss protection built into it

❏ There is NO F’KING EXCUSE for missing out on winners
❏ Pullback-itis is a fantastic way to miss out on winners

Conclusion

❏ Use this tactic when you’re supposed to

❏ Don’t use it anywhere else
❏ Avoid trading when price is >1 x ATR away from your baseline
❏ Missed wins kill your bottom line. Do not allow these to happen
Forex Algorithm Trading- Continuation Trades

In This Video

❏ Rules for Continuation Trades

❏ How to trade them

Remember

❏ If your exit indicator OR your confirmation indicator flips the other way, you exit the trade
❏ You are not necessarily done here

The Rules We Break

❏ No trading if price goes 1 x ATR of your baseline

❏ Volume indicator

The Rules We Follow

❏ Price must never have crossed the other way on our baseline
❏ Money management is the same as it always is

Conclusion

❏ Follow the rules here

❏ Go backtest your algos now
❏ Refer to the backtesting blog if needed
❏ Crush it!
VIDEO- Learn Ichimoku Kinko Hyo In Under 30 Minutes

In This Video

❏ Explain the pieces

❏ Go over the basic instructions of how to use it
❏ 2 strategies beginners can use
❏ Why I think it’s good for beginners

NOT In This Video

❏ Other common strategies

❏ Different ways to use the pieces
❏ My opinion and strategies as far as Ichimoku goes
❏ Next week!!

Most Other Videos

❏ Way too long!

❏ Go over parts that mean nothing in the end
❏ History, translations, the math behind the different parts

The Five Main Pieces

❏ Tenkan-San (fast MA)

❏ Kijun-Sen (slow MA)
❏ Senkou Span A (makes the cloud)
❏ Senkou Span B (makes the cloud)
❏ Chikou Span (wild card)

Rules Of The Cloud

❏ If price is above, only long trades are allowed

❏ If price is below, only short trades are allowed
❏ If price is in the cloud, no trades are allowed
❏ OR long/short trades both allowed, but at half risk

Rules Of Entry

❏ When the Tenkan crosses the Kijun upward when price is over the cloud, you go long
❏ When the Tenkan crosses the Kijun downward when price is below the cloud, you go
short
Money Management

❏ Always have a stop loss to prevent losing trades from killing your account
❏ On winning trades, stay in the trade until price crosses and closes the other way across
the Tenkan

Chikou Span

❏ 26 candles behind price

❏ Completely optional
❏ Chikou Span must be above the cloud for longs
❏ Chikou Span must be below the cloud for shorts

Great For Beginners!

❏ Entries, money management, and discipline all built in

❏ Forces discipline!!
❏ Eliminates the temptation to use other tools
❏ Gets you used to trading

But Make Sure!

❏ You set the rules you want to follow beforehand

❏ You never deviate from them
❏ Track your progress

Conclusion

❏ A great way for brand new traders to start trading FX

❏ There are other approaches to this style of trading
❏ There is much room for improvement here over time
VIDEO- Ichimoku Strategy- Break It Down

In This Video

❏ Quick review
❏ Take apart the Ichimoku Kinko Hyo
❏ Find which pieces work best

Quick Review

❏ Go watch the video!

❏ Good all-in-one strategy for beginners
❏ You can use the Chikou Span or not
❏ You will want to move on at some point

What My Killers Know

❏ Most indicators are trash

❏ Great ones are worth the search
❏ Finding the right combination takes a lot of trial and error
❏ Forcing a combination on you is not optimal trading!

Three Main Cloud Plays

1) Basic Ichimoku Strategy

2) Cloud Predictor
3) Cloud Breakout

Kijun-Sen FTW!

❏ Fantastic baseline
❏ Do not adjust the settings
❏ Follow the instruction of the baseline video at NNFX
❏ Constantly look to improve on this

Conclusion

❏ Trade Ichimoku however you want

❏ Know that a forced set of indicators is not the way to go
❏ Enjoy the Kijun-Sen
Forex Money Management
Playlist Notes
VIDEO- The Money Management Forex

The Big 3

1) Money Management
2) Trade Psychology
3) Trade Entries

❏ What to risk (% of account)

❏ How many pips to risk
❏ Managing a trade
❏ The indicators involved
VIDEO- The Atr Indicator Is The Single Best Indicator Forex Traders Can Have- Use It or
Lose It

ATR

❏ The ATR tells you how many pips the currency pair has moved, on average, in the past x
amount of candles
❏ Default setting= 14
❏ Keep the default setting
❏ How much are you trading per pip?

Pip Value

❏ Money per pip

You Want To

1) Wait until the end of the trading week if it’s Friday

OR
2) Measure the ATR about 20-30 minutes BEFORE the candle is about to close

Let’s Compare

EUR/GBP GBP/NZD

❏ ATR= 41 ❏ ATR= 125

❏ Moves ⅓ of GBP/NZD ❏ Moves 3xamount of EUR/GBP

❏ For example, if you’re trading at ❏ Trade ⅓ less per pip ($2.pip)

$6/pip

Be Prepared

❏ Have the ATR on your chart or on the ready, ALWAYS!

❏ NEVER TRADE WITHOUT THE ATR!
VIDEO- Forex Risk- A Structure You Can Follow Right Now

In This Video

1) Dangers of bad risk

2) The magic number
3) How to use the ATR to figure out your risk
4) How many trades can you have open?

Shit The 99% Does (Bad Habits)

❏ No set risk
❏ Wildly increase/decrease depending on bad reasoning
❏ Feel the need to increase risk after their account goes way down

If/Then

❏ $50k to $40k- 25% return to breakeven (“You are not Warren Buffet!”)
❏ $50k to $25k- 100% return to breakeven= Reckless trading!
❏ There is also a danger of trading to timidly
❏ “Fortune favours the bold. Nothing favours the timid”

I’m So...So...Scared!

❏ Too low risk makes your trading not worth it

❏ $50k to $52k= 4%- Might as well just park the money somewhere else!
❏ If this is the case, then demo trade instead

Understand

❏ The most successful people in the world take lots of risks. The difference is, they know
how to MINIMISE THE RISK BETTER THAN EVERYONE ELSE

Rules- 2%

❏ 2% risk= 2% is the most you can lose on your trade

❏ GOOD NEWS: when you lose, you usually won’t lose 2% (you just place your SL there)
Magic Number # for ATR

❏ 1.5 x the ATR for a currency pair

❏ Your stop loss (SL) should be 1.5x the ATR away from where price is now

ATR To Find Pip Value

❏ Find out what 2% of your account is. Call this your ‘RISK’
❏ Figure out 1.5x ATR of the currency pair
❏ Risk/1.5 ATR= pip value

Good News

❏ I rarely have my stop loss (SL) hit

❏ Find an indicator that gets you out of bad trades before this happens
❏ Exit Indicator

How To Over-Leverage

❏ DO NOT trade the same currency more than once at 2% risk

❏ E.g. EUR/USD short, AUD/USD short, USD/JPY long all at 2% risk
❏ You would then have 6% of your trade(s) on the USD!!

How NOT To Over-Leverage

❏ Go with the first trade entry for that currency and ride it
OR
❏ Go half/half (1% and 1%) (APPROACH WITH CAUTION)
OR
❏ Go half-risk, and leave the door open for another trade (this is a timid approach!)

In Conclusion

❏ Never fear risk, but always be smart about it

❏ Be consistent here
❏ Know the calculations
❏ Find an exit indicator (that gets out before hits SL)
❏ DON’T FALL INTO THE OVER-LEVERAGE TRAP
VIDEO- Forex Journaling Do’s and Don'ts (Podcast Episode 11)

The Aim

❏ To locate mistakes and eliminate them

❏ Column One- Currency Pair

❏ Don’t make the mistake of looking back and saying “wow, I do really
great/horrible at this currency pair”- because this isn’t really a thing!

❏ Column Two- Long or short

❏ Column Three- Pips gained/lost

❏ VP doesn’t use amounts e.g.$ as it tends to trigger emotions

❏ Column Four- Screenshot

❏ Replaces dates
❏ Use Imgur and insert link in this column

❏ Column Five- Comments

❏ No comment if system was followed
❏ If you did something out of character, if you deviated from the system, if you got
emotional and took a trade off too soon- this is the column for that
❏ BE BRUTALLY HONEST!
VIDEO- Forex Risk Ratios- Should You Use Them?

Common Ratios

❏ 2:1
❏ 3:1 (Not recommended)
❏ TP is 2 or 3 x SL (“It’s a bad mistake always”)

Big Mistakes

❏ Setting your TP by using a tool inThe Dirty Dozen Video

❏ Not scaling out
❏ Capping your upside

“Scaling Out”? - Just An Example

❏ Take half of your trade off at 80 pips

❏ Move your SL to break-even
❏ Let it run! (trail SL/Exit Indicator)

Also Know

❏ Scaling out at a certain point ensures victory

❏ These often end in small wins
❏ These small wins negate your losses

Never cap your upside

❏ You want big runs as a trend trader

❏ This is what actually goes into your pocket at the end of the year!

Conclusion

❏ Don’t use ratios- ever

❏ Don’t take profit at major S+R levels
❏ Have a plan that involves scaling out
❏ Never cap your upside!
VIDEO- Exit Indicators and Time (Podcast Episode 18)

Three Types of Indicators

1) Zero Cross
2) Two Lines Cross
3) Chart Indicators

❏ Exit Indicator will typically NOT be a Two Line Cross

VIDEO- Heiken Ashi Trading Strategy- Forget What You’ve Heard

Heikin Ashi

❏ Very simple
❏ White means long, red means short
❏ Filters out the noise
❏ Cannot change the settings

Do Not!

❏ Do not enter trades using Heikin Ashi

❏ The losses exceed the gains almost always

Do This Instead

❏ Enter using your own system (trend)

❏ Take initial profit. Move SL to break even (BE)
❏ Use Heikin Ashi to manage the rest of the trade
❏ Exit when candle of opposite colour CLOSE, e.g. when long, exit when Heikin Ashi turns
and closes red
❏ Measure the results against future indicators

Understand

❏ For beginners only

❏ Always look for better
❏ Once you find better, you won’t need Heikin Ashi again
VIDEO- Forex Trade Management- Scale Out!!

Scaling Out

❏ Why you should not be a dumbass and scale out of your winners every time

Wise Up

❏ Have loss limits (SL etc.)

❏ Have win limits too!!
❏ Don’t be a typical penny stock trader
❏ Every pro I know scales out

How To Enter

❏ Figure out your risk (RISK VIDEO)

❏ Enter TWO HALVES
❏ Put in Stop Losses
❏ Put in take profit (ATR) on ONE half

If Price Hits Your TP

❏ Move your SL to BE
❏ Celebrate!
❏ Use your other tools to let the trade run (Heikin Ashi, Exit Indicators, Trailing Stops etc.)

Conclusion

❏ You must scale out

❏ Use the Risk Video and this video to enter trades from now on
❏ ATR is the key
Trading Psychology
Playlist Notes
VIDEO- Forex Trading Psychology- Initiative- Get Some!

Initiative

❏ Dictionary definition: “The power or opportunity to act or take charge before others do
❏ Quick definition- “Having Balls!”

Reasons Not To (Forex Trading)

❏ Fear of losing it all

❏ Overwhelming to learn

Real Fear

❏ The biggest risk is not taking any

❏ No retirement
❏ Always having to rely on others
❏ Dying with lots of regret

Understand

❏ You will need INITIATIVE multiple times in your trading career

3 Times It Is Needed

1) Getting started
2) Transitioning to real money
3) Transitioning to OPM (Other Peoples’ Money)
VIDEO- Forex Trading Discipline- You Have No Choice Here

Why It’s So Important

❏ You can do everything right, and still fuck everything up

❏ This is going to happen anyway
❏ Have a video so you can always come back to when you catch yourself slipping into bad
discipline

Secret To Great Discipline

❏ Create a disciplined system of entries and exits

❏ Never ever deviate from it

What We Do

❏ Set up our strategy

❏ Execute it
❏ Let the market do what it does
❏ Repeat

Big, Big Mistakes

❏ Looking at our trading intraday

❏ Chasing losses
❏ Panicking (exiting too early)
❏ Taking A Picture (exiting too early- uses boxing as an example of this!)
❏ Not giving our system time to work
❏ Not understanding the long game

Long Game Fail

❏ You go from $50,000 to $53,000= 6% return

❏ You’re jacked
❏ You go from $53,000 to 450,000
❏ You’re gutted
❏ You make changes where you shouldn’t

Recommended book: ‘Discipline Equals Freedom’ by Jocko Willinok

Do This Instead

❏ Take the time to put a system in place and prove it works

❏ Always take trades that satisfy your criteria
❏ Don’t LOOK AT IT!!
❏ Never deviate from the system
❏ Realise you are not smarter than the system you created!
VIDEO- Forex Trading Psychology- Patience (You Lack It)

In This Video

❏ Why you lack patience

❏ Anatomy of a scam
❏ Long Game >>>> Short Game
❏ How to win with very little money

The Three Wise Men

1a) Money Management

1b) Trade Psychology
3) Technical Analysis

The Three Requirements

1) Initiative
2) Discipline
3) Patience

Reasons We Suck Ass

❏ We’re naturally predisposed to this

❏ There’s a ton of money in it for the other side
❏ Forex Education

What Happens Next

❏ We lose our ass

❏ We allowed ourselves to get scammed
❏ We give up
❏ We keep losing/getting scammed

Ripe For Scammers

❏ We know so little, even after we learn

❏ Lack of patience leads to desperation
❏ We just want to believe
How To Go To Hell

❏ Make ridiculous claims- 10x

❏ Find about 12 suckers
❏ Charge $1000/month
❏ Max out your leverage
❏ Pretend you have inside info
❏ Give out opposite sides

Unpopular

❏ There’s not a lot of money (to be made by scammers) in being realistic

❏ This isn’t a winning lotto ticket
❏ “Success”, “work”
❏ YOU MUST EMBRACE THE LONG TERM
❏ Those who don’t have ZERO CHANCE

Long Game Fail

❏ People who want everything handed to them

❏ Boo Hoos
❏ Give up after the first big failure

For Realz

❏ Insane fail rate

❏ You probably don’t have enough $$ to prosper with just trading FX
❏ You won’t make shit in the first couple of years, likely longer

Your Options Are

❏ Start with about $300,000

❏ Scam people
❏ OPM_ Other Peoples’ Money
❏ AFM- A Firm’s Money

OPM Playbook

❏ Demo trade a system until you find one that works great (10-15% return)
❏ Get a good year’s worth of results
❏ Optional- do this with a small real-money account
❏ Shop the results to people with money
Trade For a Company

❏ Regular FX jobs aren’t that cool

❏ Prop Firm!!
❏ Video won’t be up for a while (Prop Firm Video)
❏ Follow the OPM playbook
❏ There is always up front costs ​(VP mentions saving a few/$3-5k thousand dollars to
cover these costs)

Conclusion

❏ Congrats!
❏ Y’all come back (to this video)
❏ Embrace the Long Game
❏ Do the things you have to do to make it in this game
VIDEO- Forex trading Psychology- How To Screw Up Winning Trades

In This Video

❏ How gangster are you

❏ Macro
❏ Micro

So Simple

❏ Trade your system

❏ Stay the fuck out of the way
❏ Repeat

“You can be an emotional person, but NOT AN EMOTIONAL TRADER!”

Macro- Huge Misconceptions

❏ This is how it’s going to be now

❏ Anything less than what I’m making now is a failure
❏ I should be risking more

When The Crash Comes

❏ Understand it was supposed to happen

❏ Be honest with yourself (were you over leveraging/ over trading)

The Transition Is Real

❏ Real Money
❏ OPM
❏ AFM
❏ Trading Job

Micro

❏ “Regret is a wasted emotion”

You Regret Winning??

❏ Mad you didn’t exit at top or a bottom

❏ “I should have taken off earlier” before price hits your first target
❏ “I should have put more on it”...NO!
❏ “Keep your stupid emotions out of things”
VIDEO- Forex Trading Psychology- How To Lose

In This Video

❏ Make sure you’re testing your system properly

❏ How losing in Forex affects us
❏ How you need to approach it from this point forward

“You’re testing needs to be absolutely clinical”

Testing Is Crucial

❏ Backtesting should be very thorough

❏ Forward testing should be exactly like trading real money
❏ If these things aren’t true, you’re screwed later

When Backtesting…

❏ See the blog I did for this

❏ DO NOT pretend like losses would have not happened

When Forward Testing

❏ Trade like it’s for real

❏ This is an audition!
❏ NO “RESET BUTTON!”
❏ Losses are going to have to be losses

Psychology Of Losing

❏ LONG GAME
❏ Most of your wins are just there to cushion the losses
❏ Do not change anything (to your tested system) if you’re losing
❏ Take it like a man- absorb them and move on

Power Through It

❏ Losing streaks happen. Let them happen

❏ Do not abandon trading of a certain pair
❏ NO TAKING BREAKS FROM TRADING!
❏ Chaos Theory​ (Order- Consolidation and Chaos- Movement)
You Cannot Be Reactive

❏ Reactive trading does not work

❏ You will always lose more this way
❏ You’re not letting your PROVEN SYSTEM do its work
❏ You’re failing the Long Game

For Realz

❏ Everything must stay the same

❏ This is not the time to change anything
❏ Losses are losses
❏ Any client who wants quick money is useless to you
❏ LONG GAME

In Conclusion

❏ Take the testing phases very seriously

❏ Let losses happen. Change nothing
❏ Make sure you’re good to go systematically and emotionally

As Always

1) Trade Your System

2) Stay the fuck out of the way
3) Repeat