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I went to the site and watched the front page video.
I sent my email address and received the video from the site and watched it.
Here are my impressions:
I usually don't participate in offers when the webpage is of this type.
As a former SEO specialist, these sales pages are usually all hype and not much real content.
So I was turned off by that type of page setup. But I viewed it and tried not to judge by it's look.
The video link sent to me in email was on the website in a sublink from the main page.
The video content was actually helpful if you need that kind of help.
I have traded for many years and knew most of what was presented in the video but for newer traders it could be helpful to give them another perspective. Without revealing the video contents I can say it mostly gives links to popular trading event calendars with some tips about how to trade these events.
The method and tips given are nothing new to experienced traders and should already be in your bag of tricks.
Keeping an eye on upcoming reports and news events is always a good idea. I have used this type of trading technique in the past and it can be effective if done properly. For new traders it is very risky because of trading a high volatility time period. If a new trader uses this method I highly recommend hard stops be used with EVERY order placed. This type of trading could easily damage your ability to trade by blowing up your account.
I enjoyed the video because I also trade momentum and this fits my style but I normally don't trade during these time periods because of the higher risk. I also don't spend 'hours' in front of the PC trading. My typical session is 30 minutes. I may check the market frequently but schedule my trading sessions to the time of day that I enjoy trading. If a trade develops I take it, if not, I stop and continue my day.
Rejoice in the Thunderstorms of Life . . .
Knowing it's not about Clouds or Wind. . .
But Learning to Dance in the Rain ! ! !
I was a member for a last couple of years. I have watched them doing hundreds of live trades. I would put them with getting about 60% of winners. Trading news is a risky business even with brackets (especially CL, NG and AUD are extremely risky).
It's basically putting up auto brackets (OCO) 3 seconds before the news event and you get filled, manage the trade and get out. If you get filled the other side (negative), it will take less than a few seconds to get stopped out because of the price movements during the news (we all know it). The (extreme) slippage is another obvious issue because of news.
There are two ways: One is OCO brackets straight up and the other is 'trap' trade, meaning the they know the price WILL reverse in certain news events, so the brackets actually fill you inversely, e.g. instead of going long, you go short because the price is expected to trap the traders (AUD, NZD, HG, etc. Asian news).
GC gets affected the most, so they tend to trade that the most.
I think it's much easier to make our own codes to put auto brackets, instead of paying them a lot of money for membership every year. Whoever can do coding, can join them and see what I mean.
Overall, I came to a conclusion, only about 4-5 news are actually the least riskiest to trade in the whole month. There are some people who traded 30+ contracts live during events and consistently made money and those are one of the news I consider a bit safer to trade. That's all.
10MinuteTrades is the only trade room that i have seen trade real money......anyone know of any other trade room that does that......and they do it successfully.....
Just wondering which news events you found best for standard brackets trades? I tried new sniper back in 2016 when NT8 was starting and sim trades were great but when I went live , results weren’t the same. Was going to give it another try with 10min guy.
^I believe Non Farm and ADP Non Farm payroll is the one they call it their 'bread and butter' trades as it gets filled nicely and almost always, they are winning trades.
I would say except for CL and NG news every Wednesday and Thursday respectively, majority of red folder news event (see forex factory calendar) trades do tend to work out in our favor easily, but be careful as trading news is more riskier than normal times. Stay away from AUD news as they are also very volatile.
I got killed on Natty gas 2016 after working well in sim so definitely staying away from that or at least sim it to see if things have changed. Good to stick to known quality trades which I prefer when getting older
