In this FAQ section I have tried to explain most of the questions I receive about my course. If after that you still have any question, please contact me and I will answer any possible doubt you may have.
And now ask yourself: which one seems easier? Which one requires less effort? Which one has more chances of taking you further, swimming greater distances in one given time span?
Now, the problem is threefold: A) how to determine the direction of the flow, B) when is the right time to jump in the water and C) how to realize when you've swum enough for the day and it's time to crawl out of the water. Those are precisely the three questions I will try to explain in this course, laying out in detail the methodology I personally trade.
But Hector, what's your system based on exactly? Moving Average crossovers? Some combination of indicators such as RSI and MACD? no, not really. I use three moving averages in order to determine the overall market sentiment (the trend) and from that point on it's all about trading solid breakouts in the direction of the trend.
I will be honest with you here: if you are totally new to trading, perhaps you might want to do some previous research somewhere else before taking this course. If concepts such as levels of support/resistance, price channels, double tops/bottoms, trendlines, Fibonacci retraces, moving averages, etc. don't ring a bell, then I recommend you to read a few books first to get the basics of Technical Analysis (TA hereafter) nailed down. I will try to explain all the different elements of my system as simply and as in detail as possible, but I will assume that you are familiar with TA.
So, going back to the original question of “who is this course aimed for?”, the answer is pretty simple: to all of you who want to learn a conservative (yes, I am a conservative trader) trend-trading methodology purely based on price action, levels of support/resistance and breakouts.
Yes it does indeed, but instead of me trying to convince you whether it does or not and why, I recommend you to simply browse through my blog at www.hectortrader.com where you can see all the trades I take every day recorded and uploaded live. If they are recorded live, I cannot lie can I?
But like I say, please do visit the blog, check my track record, and if you like what you see come back here to the course :)
I have tried to make this course as bullshit-free as possible. I am aware that many of you guys have read dozens of e-books and demo'ed a number of systems that look good on paper but score poor results when it comes to trade them live. The last thing I wanted was to publish yet another e-book with hundreds of pages of trading-related verbal diarrhea and carefully-selected historical charts without actually getting my hands dirty. That's why I decided to structure the course around videos as opposed to screenshots, and on top of that most of my videos are REAL TIME live charts as opposed to historical charts. In every chapter, you will find videos recording current market conditions with price ticking the current level. If I explain how to trade a channel breakout for example, I will record a live channel breakout and explain it as I trade it myself. Sorry, but I ought to laugh at those people teaching stuff based on cherry-picked historical charts. Most of the videos you'll watch on this course will be panned out on the heat of the right-here-right-now live trading. If a trade or setup turns belly up while I record it so be it; I will still upload it and you will see it. Losing trades are part of trading and you better get used to them as soon as possible.
I mentioned few lines above that I wanted to make this course as bullshit-free as possible, so here is the formula I have gone for:
- The first chapter of this course (which elaborates on determining the overall market sentiment, picking the right set-ups before the actual trading session begins and defining a trade plan for each set-up) is free; there is no password to that section so you can have a sound idea of what the course is like before forking out the money.
- The rest of the chapters are password-protected and only viewable to those who purchase the course. In those chapters I will explain the rest of the elements that compose my trading approach: entry triggers, price target determination, pre-trade management (also known as money management), in-trade management, the price formations I trade, breakouts, my so-called Golden Rules of Trading, the London open breakout, and some more. All of them explained around 60 real time videos (over 600 megabites worth of videos!).
This is a trend-exploiting system, and trends develop on any time frame so this system is effectively valid for any time frame from the weekly chart down to the rabid intraday action. However, my favorite charts to base this system on are the 4 Hour and the 1 Hour charts. But that's just a personal preference of mine because like I say trends do occur on every time frame.
I understand that you might not be a full-time trader, or at least just yet.
The good news is that even if you have other working commitments and therefore you cannot pay full attention to your charts all day long, you can still trade. For example, you can always base your trades off longer time frames such as the 4 Hours, the Daily or the Weekly charts. You will indeed spend less time monitoring your positions and will get fewer trading signals, but those signals you do get will carry much larger profit targets.
Alternatively, you could focus on the London Open Breakout strategy which I teach over chapter #5. It's a technique that seeks to exploit momentum breakouts during the first two hours of the London market. That means that if a trade hasn't triggered during those first two hours you can move on to your regular daily activities.
No, it isn't that bad! While it is indeed true that the London session and the first half of New York session are by far the most active ones, by monitoring several currency pairs on several time frames you will be exposed to plenty of trading opportunities around the clock.
A wise combination of market-scanning tools (which I provide within the course) and a sensible use of sound alarms you will be able to trade no matter where in the world you live!
No, by no means I trade a mechanical system. In fact I don't believe in mechanical systems at all - I am sorry guys, but I am afraid trading is not so simple. No-one will ever make consistent money off the markets by trading something like: "when the 14 EMA crosses above the 34 EMA, and the MACD goes positive and the RSI curls above 30, then go long". I must be honest with you folks: that doesn't work, regardless of what any savvy marketing wizard and his shinny cherry-picked historical charts tell you. Guys, let's try to think clear here for a moment: if anyone could make consistent profits from a mechanical system, don't you think that larger institutional players (you know, the people with the beefiest computers and with the resources to hire the best programmers and mathematicians) would utterly dominate the trading world? if trading was so simple that mechanical systems were consistently profitable, don't you agree that small fishes like us would never have a chance?
The cold truth is that newcomers always search for mechanical systems because they are indeed simpler to follow than discretionary methods. In a mechanical system, you don't need to learn how to interpret trends, how to identify levels of support and resistance or how to read price action; you simply follow the signals given by a combination of grandiloquent indicators and you're good to go. Needless to say, most newcomers fail to ever make a living out of trading. You MUST understand price action, you MUST learn to read price activity around levels of support/resistance, you MUST be able to perceive when a trend is healthy and when it's not. Trading is NOT a science and cannot be hard-coded for sustained profitability. You MUST understand that you ought to become an actual trader as opposed to an indicator-follower.
Sorry to be blunt guys, but like I said above I am trying to make this course as bullshit-free as possible. I am aware that by saying this I will probably lose many potential customers, but you need to know the truth.
My customs indicators have indeed been coded for the MetaTrader 4 platform so if you want to use them you will need to chart through MT4. However, there's an easy solution for that: my own live broker is not MT4-based, so what I personally do is simply to chart through a free MT4 demo account and then toggle to my live broker whenever I need to punch in a trade order.
It's really simple and you get the best of both worlds :)
Yes I do. In fact, you will see throughout my videos (and in my trading blog) that I take these trades live. I trade full time for a living and I have no problem showing my entries and results in pips in all those videos. Believe it or not, I began recording the videos on my blog for my own benefit so I could review and analyze my own trades at the end of each trading session so I could spot possible mistakes in my trading and, therefore, correct them in the future.
Do not hesitate to browse through my trading blog www.hectortrader.com to verify that I do indeed trade this system myself.
Alright, let's cut it to the chase: right now the cost is an one-time fee of $395, which can be paid via PayPal or credit card. Upon payment, I will email you the password to the private section where the lessons and the videos are located.
In order to purchase the course, please click back to the main page.
Once again, I will keep the bullshit to minimum levels, so here goes the truth: if you think that my trading videos from my blog have offered you some insight, you find my trading system sensible and you reckon that my approach to trading makes sense, then yes the course is worth the price. I explain all the twists of my system and everything around it in a VERY detailed fashion, showing different examples for each case and lesson so the concepts sink in. More over, I go through important details that I cannot explain in the blog videos due to their time-limitations.
In the other hand, if my videos from the blog seem insubstantial to you or perhaps you can already apply my trading principles profitably in a consistent manner, then I advice you to not buy the course as you will probably not learn much from it.
Of course you will. I am here to assist you in your trading, so if you have any question both before or after purchasing the course, or there's a particular lesson you didn't quite understand, or you want to send me your set-ups and trade plans for my feedback, or whatever any other question you may have, don't hesitate to contact me with all your questions. I repeat, I will gladly assist you in your trading.
Just one remark though: I trade the London session, so if you send me an email at that precise time I might not be able to get back to you immediately until London market closes, alright? Trading is my full time job at the end of the day.
Yes there is - you will access for free my custom trend-scanning indicator, which was coded exclusively for me by a professional programmer. This indicator filters trending from non-trending scenarios no matter the currency pair or time frame, so it's indeed a God-sent in order to find and ride healthy trends for a profit!
No-where else on the net you can acquire this indicator!
