Trading Room – FAQ
First day in Live Trading Room was quite interesting. We had some good conversation and finished off the day with one trade that made us +90 pips.
There were some questions that were asked a few times so I am writing down their answers here which we can use for future reference:
Q: What is the purpose of this Trial?
A: My aim is show you how trading can be done without indicators. For you this trial is a trailer of what to expect after the trial is over. Also during this period you can assess whether this Live Trading Room is for you or not. During this time I’ll refrain from discussing exact details on any systems that I use. The idea is show you that trading can be done successfully without using indicators.
I’ll use this time to work out kinks and make room better when we start regular membership.
Q: What happens after the Trial?
A: After the trial is over you can join regular membership as LTR member or Elite Club Member. I’ll reveal complete details about the Counter-Trend system. Other system you will learn as you go, there is no one exact way of taking trades. Slowly as you learn price action you will get better spotting potential trades.
Note that Elite Club member receives free access to LTR. I’ll post info about fees and upgrades later.
Q: What are the charts on my screen?
A: The chart on the left most side is 4 hour chart. This chart helps us to see long term trend and gauge price momentum. Second chart helps us see price action in more detail and pin point entries and exits. Third chart is not an indicator as most people thought in the room. I’ll reveal more details about charts once the trial is over.
Q: Why there is no Audio?
A: The Room, from the beginning was meant and advertised as Chat based room. The idea behind is simple, it helps me multitask and at the same time helps people who doesn’t come from English speaking countries. I usually have a lot of things going on at my end and the only way I can manage chat room is via chat. Though I understand the shortcomings and the need for voice. However for now I would like to keep it this way.
Q: How can you filter out useful Chat in the room?
A: When there is something important to discuss, I’ll disable all chat except for my own. When there is a signals or important announcement, I’ll use the “Announcement” tab at the top. You will also see Orange color bar at the top and also hear audio alert when I post one.
Q: How do I trade signals?
A: Please refer to the post Here
Q: Can I private message in the chat room?
A: No, this feature is disabled to stop people from spamming
Q: What are the opening hours of the room?
A: Room opens from 1AM EST to 10AM EST. To convert NewYork time to your timezone go Here
FirePips … thank you
Firepips u are the best and honest signal provider whom I came accross. I use to use lot of indicators on my charts but after seeing your strategy I changed my way of looking at charts.
Keep it up dude. Bye for now
Would have been nice to get a recap of your trade, your reasons for entering, and exiting.