The LIVE TRAINING ROOM is part of our value add for our Live Room subscribers and demo traders. Here we look for the places our Forex Trading Software indentifies a trade setup and learn how to identify a setup to a target that is great vs. a trade setup that does not have the potential reward. We are Forex Target Traders so we identify the targets first and then wait for our setup to come to us. We do NOT CLICK OUT FOR 5-8 PIPS!
We start with technical analysis to determine which crosses we might trade and then watch for the RF1010 trade setup to come to us. The RF1010 is a great trade setup for newbies and intermediate traders since it gives you a great opportunity to "earn while you learn". These traders use it to learn how the market moves and apply technical analysis techniques to the decision making process of taking a high statistically probable trade setup with proper Risk and Reward ratios. Advanced traders use it to make better entries as they position themselves for scaling in and out of trades to a known target. We target 25 pips in the initial thrust and try and stay in for 55+ pips or to the target. Do not misconstrue this to be a live trading room where traders are calling trades. We are training how to use our proprietary software and how to identify higher probability trade setups or opportunities in a live environment so that you you can do it in any market session by yourself. Results below are tabulated from trade opportunities we have identified in the NY session (and may happen in any later session as well as live in the session) and then the average of what our subscribers actually took. Many of our traders get way more pips than we are showing below.
Below is a live trade taken in session on Aug 30th, 2012 - it took an hour but we have edited it to only 6 minutes.
Note: There are 3 short live recordings of "live" RF1010 trades taken in session near the bottom of this page you can watch.
We add up what trade setups were alerted in the room after we have identified them as a valid setup and did they go to the target (We do not count extra movement which happens a lot of times since we did not target it or if we clicked out due to it faltering that is the capture (i.e. we clicked out the GBPUSD for 8 pips since it would not go – it has since gone 32 pips but we only count it as only 8 since we clicked it out). Anything that we identify in the room is entered into the record since these live sessions are recorded. We are recording what our software and methodology can identify - which is not the same as an actual trade taken (although we and our traders try and take as many as we can).
PLEASE NOTE- We may alert for multiple types of trade opportunites, but no trader should take them all due to the correlation of currencies. Example: If we alert to both the EURUSD and the USDCHF a trader would only take one not both! Since we do not know what opportunity a trader will take in the training room we count them BOTH ( win or lose). Additionally, you need to watch your useable margin since over trading could result in a margin call!
There are 4 types of trades that we count:
1) Any live trade taken in the room
2) Blog posts - we post BEFORE the NY session opens. If that trade occurs we count it (unless we also took it live at which case we only count it once)
3) Session Recaps - at the end of the NY session we record a video with the trade opportunites defined for the next 3 sessions. If they happen and our traders take them we count the average that our traders got.
4) Info Center Alerts- we alert via a special desktop widget to our live room subscribers when we see an opportunity developing. If that happens we count it even if our traders did not take it.
Note: we count wins, losses and breakevens. Traders are instructed to move their stops to breakeven at around 17 pips.
Probably not. WHY? We count all trade opportunities identified in the room and most traders cannot take all the trades unless they trade all three sessions (we identify the opportunties for all 3) and have enough margin to trade simultaneous entries, or if we identify both EURUSD and USDCHF you can only take one of those at the same time! Because Spreads vary from Broker to Broker and the additional difference in spreads due to fractional pricing, your entry or exit may not be the same as ours or another trader. We also average trade captures from traders who report their trades in the live room since some might get 34 and another gets 41 as an example.
The decision to take any trade alert is 100% your call - we are identifying the parameters of the trade setup that our software shows, stops and limits and in live trades in the room we will live teach you how our charts help you create a roadmap to manage that trade to it's target.
We are TARGET TRADERS - so many trades are entered in the NY session but do not limit out until after the session is closed. Additionally, trade setups we identify in the NY session may not execute until the Asian or London sessions. That does not negate the opportunity since the targets are set from the past.
We do NOT count XAG trades as part of the record (and they are significant) since USA clients can no longer trade it with leverage - but we do highlight in the Live Room for our international traders.
Note: Our room is for Educational purposes only it is NOT a Live Trading Room.
Remember, we cannot make the market move in our live session BUT we can identify the trading opportunity and will be prepared when and if that happens!
Our purpose, as always, is to help traders Learn the "why " of the market. Our focus will always be on the education of using technical analysis in conjunction with our award winning software, not the trading action if any.
We are here to "teach you to fish - not give you a fish" and "past performance is no guarantee of future perfomance".
* done by an independent source
2011 spreadsheet Click here +6341 To see the PDF record of each trade
First 7 months of the live room recap of 2010 are below (live training room opened in the middle of June)
2010 spreadsheet Click here +2,421 (7 months-room was not open prior to that)
Your First Trade Setup with ProAct Traders. This trade setup ROCKS! It may be the only trade setup you ever need. Get success faster by absorbing this tutorial. All traders SHOULD watch this video first.
Here is a PDF Quick Reference sheet that you can download and print while you are learning this setup CLICK HERE
This is a trending trade setup with only a few rules so it is easiest to master. Start with these pairs: EURUSD, USDCHF, AUDUSD, NZDUSD, EURJPY (remember that the USDCHF USUALLY moves opposite of the EURUSD - so don't trade both at the same time).
Why we trade ONLY trending RF1010 and not counter trend? Click Here
Live training in the New York/London session - check calendar for times.
Here's a live trade setup we entered - we cut it down to 5 minutes to save time.
Here's another one with 2 trades for +100 pips - edited to only 8 minutes
Here's a 80 pips trade that took an hour- cut down to 9 minutes
Here's a live trade setup we entered - we cut it down to 6 minutes to save time.
HELP I am a beginner and I am overwhelmed
Watch this video If you do not understand it then get some help. These are the things ALL traders have to know when trading. Get in the beginners class and watch the tutorials over and over.
"Trading Forex involves substantial risk, is not for every trader and only risk capital should be used."
Why not demo our Forex Trading Software Free for 10 days: all major currencies with free live training room during your demo time, tutorial library and all 4 setups. Get a Free 32 page Forex Target Trading eBook when you sign up.
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