FXEvolve – Forex Trading Course 101 & 201

FXEvolve – Forex Trading Course 101 & 201

Archive : FXEvolve – Forex Trading Course 101 & 201

The course covers the following topics: daily routine, macroeconomics, market structures and inflection points, order flow, writing a business plan, fractals and order blocks, support/resistance, backside of fibs, key levels, average daily range, range expansion, and their 1 minute scaling approach.

Description taken from the webpage

Creating an accurate risk model is fundamental to FX trading.

The forex risk management method you use is critical to your overall performance.

We explain how to establish position sizing using the major factors of risk modeling in the video below.

Obviously, your winning and losing percentages are critical to any trading strategy, but even systems with low winning percentages may be quite successful when the magnitude of your typical winnings and losses is considered.

Everyone enjoys huge victories, but the regularity with which these successes occur must be evaluated.

A strategy with a high success % is excellent, but it may not be particularly profitable if the trade frequency is so low that obtaining a respectable return is tough.

With various risk factors to account, every individual trading risk model might have many distinct combinations.

The main thing is to ensure that your risk modeling is appropriate for you and your trading objectives.

Many traders seek to adapt to the risk model of the system they are trading.

This is like to educating a tiger to be a vegetarian.

It is contrary to your nature.

The key to establishing a successful FX risk management system is reverse engineering the process.

Your system should be built around your risk profile, not the other way around.

You may not mind a succession of little losers while waiting for the home run transaction, or you may despise losing so much that this seems like agony.

You’d rather take one meal at a time, regularly edging over little wins. Forex risk management, like anything else worth doing effectively, is an ongoing practice. We wish to assist you in learning the fundamentals of risk management. This will help you learn more about not just your trading but also about yourself as a trader.

This was a tentative timetable; because it was a live course, there were several changes as the course went.

Monday
12:00 to 1:00 • The Power of Principles vs. “Holy Grail Trading Systems” • My Success Principles that every trader must follow Explain the essential idea underlying my approach to financial markets. • Course teaches at least 5 distinct trading methods.
1:00 to 1:45 Managing Your Money
• Understanding the distribution of trend and the probability of recurrent loss • Risk vs Reward – the significance of the win/loss ratio
• Making a profit can lead to bankruptcy • Determining positive expectation The Influence of R Multiples
2:00 to 3:00: Building A Portfolio Risk Model • Importance of managing your account equity like a professional • Setting goals • Creating a strategy to achieve those goals • How to do portfolio analytics with the FX Evolve Trade Log Application (Continued) • The Power of R Multiples and Expectancy
3:00 to 3:45 • How liquidity, volatility, and order flows move throughout the 24 hour trading day • Break down the day hour by hour • Understand the 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 p.m. to 4:00 p.m. Lunch Break
4:00–4:45 p.m. Low Liquidity Fade Technique
• Required structural conditions for setup to occur • Order flow mechanics of the approach • Pre-NY setup requirements in general
4:45 to 5:30 Recognizing Wave Patterns
• How markets move in cycles, even intraday • Recognizing bigger waves – crests, troughs, and wave lengths
• Understanding the inner waves – Whitecaps from 5:30 to 6:30 p.m. The Influence of Mindset

Tuesday

12:00 to 12:30 • Why is drafting a full business plan for your trading firm so powerful? • Discuss the business plan template
12:30 to 1:00 Creating a Daily Routine
• Creating a strict framework is crucial for dealing with disorder (price is chaotic) • Establishing Pre-Market, Trading, and Post-Market Routines • Using the FX Evolve Trade Log Application to Conduct Performance Review
1:00 to 2:00 • The Importance of Placing Price in Macroeconomic Context • How to Identify Macroeconomic Sentiment • Understanding the Most Important Economic Indicators • Interest Rates • Inflation Operations of Central Banks
2:15 – 3:15 Order Flow Overview • What is order flow?
• Where orders are placed and the incentives of large order traders • Buy stop, sell stop, limit buy, limit sell The announced order travels through the news wire.
3:30 to 4:30 Fractals and Historical MRZs • Fractals Defined • Price is an atom, and the fractal is the nucleus • 5 Minutes • 1 Minutes • Higher Timeframes
4:30 to 5:30 Identifying Market Conditions • Ranging Market Characteristics • Price Consolidation vs Ranging Activity • Trending Market Characteristics • Playing Retracements
• How markets range, even intraday • Understanding critical rotations off the range from 5:30 to 6:00
6:00 to 6:30 • Understanding wave cycles • Recognizing range patterns • Identifying high likelihood market tipping moments

Wednesday
12:00 to 1:00 Reading Candlesticks as Price Action Indicators • Candlesticks Defined • Reading Momentum and Failure • The Hidden Power of Candle Closes • The Importance of the Last 5 Minutes of the Hour
• ATR Analysis and Candlestick Analysis
1:00 to 2:00 Daily Variable
• Defined Daily Range
• When to fade and when to leap back in for more • Time of day and ADR
2:00 to 2:30 Ross’ Technical Resources
• Moving Averages • Pivot Points
2:45 to 3:30 • Identifying the strongest and weakest currencies • Using moving averages and pivot points to discover the most trade-worthy currencies
3:30 to 4:00 • Fibonacci Definition • Fibonacci Retracements & Extensions

• Backside of Fibs
• Price is never going to move 50-100 pips because a Fib level was hit!
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
4:30 to 5:30 Tom Strignano “How To Calculate Key Levels”
• Pivot Points
• Moving Averages

Thursday
12:00 to 12:30 Live Market Analysis
• Place price in Macroeconomic context
• Identify key levels
• Conduct technical analysis in order to identify potential setups
12:30 to 1:15 Entries and Exits
• Fade techniques
• Breakout techniques
• Understanding liquidity gaps for targets
• Origin of Intent
1:15 to 2:15 Steve Curlen Trend-Following Strategy
• Strategy Defined Systematically
• Historical Examples
• Live Market Action
2:45 to 3:45 Ross Jaklik Position 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 5:00 Intro to Range Expansion Trading Method
• Method Defined Systematically
• Historical Examples
• Live Market Action

Friday
12:00 to 12:30 Live Market Analysis
• 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
2:15 to 3:45 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
4:00 to 5:30 Forex Tester
• Test various strategies and techniques learned in the course
• Track results in the Trade Log
5:30 to 6:00 The Next Step to Further 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- By Steve W from No Brainer Trades
Pivots
Trend Following Strategy-Steve Curlen
Systematic Approach
Key Levels
Topping/Bottoming Structures
Moving Averages
Liquidity Strategy
1min Scalping
Top Down Analysis
Risk Model Construction
Steve W (NBT) tips

This was the schedule that was supposed to be followed.  Since it was live it doesn’t follow this exactly.

FOREX Course Schedule- Monday June 4th, 2012 All Times Eastern Standard Time (EST.)
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
1:30 to 1:40 Break
1:40 to 2:40 Entry Techniques (Steve W.)
2:50 to 3:50 Intro to Pivots (Ross Jaklik)
–Understanding the structural relationship between basic support, resistance, and rotations in terms of pivot points.
3:50 to 4:00 Break
4:00 to 5:00 Trading While You Have A Full-Time Job (Steve Curlen)
–Swing Trade Basics
–Breakdown of Trending and Swing Trading Strategy Parameters
5:10 to 5:30 Open Q&A (Jason Hoerr)

FOREX Course Schedule- Tuesday June 5th, 2012 All Times Eastern Standard Time (EST.)
12:00 to 12:30 Importance of Systematic Approach (Jason Hoerr)
–How to systematize discretion
–Key variables of the system
–How to write it out
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 2:40 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 6th, 2012 All Times Eastern Standard Time (EST.)
12:00 to 12:30 Quantitative Analysis Results 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
12:30 to 2:00 1 Minute Scalping Strategy Forex Tester Session (Jason Hoerr)
–Review of basic system parameters
–How to track results in Excel Trade Log
–Test in Forex Tester
2:10 to 3:10 Top Down Analysis (Ross Jaklik)
–The importance and how-to of identifying key levels in the market using a top down analysis approach.
–Pivots
–Moving Averages
–Price Action
3:20 to 4:30 Trend Following 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.)
12:00 to 12:30 Quantitative Analysis Results of 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 Tester and discussion on how to gather analytics
1:00 to 1:10 Break
1:10 to 1:30 Open Q&A (Jason Hoerr)
1:30 to 3:00 Steve W. Preso (Steve W.)
3:10 to 4:10 Asia to London Liquidity Rotations (Ross Jaklik)
–Developing the mindset of a trend and breakout trader
–Identifying “the wedge” at pre-identified levels as discussed in the top down analysis approach
–Identifying take profit and stop levels as discussed in the top down analysis approach
4:20 to 5:20 1 Minute Scalping 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 Schedule- Friday
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
12:30 to 2:00 Live Trading Examples (Ross Jaklik)
–How to put it all together and design a personalized trading system
2:10 to 4:10 Trend Following Strategy 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
4:20 to 5:00 How To Put It All Together (Jason Hoerr)[/vc_column_text][/vc_column][/vc_row]

COURSE CONTENT