Has Forexoma lost its direction?

Maybe it’s just me, but lately we are getting a lot of recommended trades that seem to violate the basic criteria for the “perfect trade set-up” – both in the Snipers, Intraday and regular TA systems. I personally won’t take them for that reason. If the setups aren’t there then we must be patient.
In particular, I would like to see an analysis (in the members’ site) of why the last few Sniper trades of AUS/USD were recommended. The last one in particular seemed to break several rules and was still recommended.
Maybe I’m missing something.
I mention this because I am confused right now and I have been trading a long time so I
can only imagine how some of the newer members might feel.

The Snipers system works well when the setup rules are observed and frankly there haven’t been that many setups in the last 6 days that meet those criteria, at least on the pairs that I follow – so we wait, no big deal.

Whilst the purpose of this site is to educate, it seems we are in a rush to provide signals at all cost to try to satisfy everyone’s needs no matter what system they use and as a result the quality is being compromised or at the very least we have lost our direction.
As always I am open to correction.

Paul

It does seem Vahid is pushing himself to send out signals lately. People probably complaining and he tries to make everyone happy. I agree with you on the sniper signals. I have been doing well with it but like you I passed on the AUD/USD today. Like I say I think he is pushing himself to hard to try to find a signal lately or he might be getting a cluttered mind trying to trade so many systems at once.

Hi,

As far as I know, we had only two signals recently that did not do well. The first one was EURUSD short trade setup which was not my favoriate trade setup and the other one was the AUDUSD we had today. For me, the AUDUSD triggered the target because I took my position when the next forming candle was going up.

So I don't know what Paul mean by "...a lot of recommended trades..." because as I said we only had two signals that did not work. The AUDUSD with the snipers did not have a strong breakout but the candle signal was strong and that is why I reported that signal.

I believe that we have had 4 confirmed signals this week Vahid.
The EUR-USD short as you mention above. Also the EUR-USD long position with the 3 stoploss options. People who took this trade with the largest recommended stop will still be in the trade, but those who used the smaller stops would have been stopped out.
The AUD-USD short with snipers looked a valid set-up to me, but wouldn't have been successful for most people. You would have to have been fortunate to have opened the trade at exactly the high of the next candle, otherwise the stop would have been hit for sure.
The AUD-USD long trade with snipers at 08:00 FxPro time on 1st June certainly didn't work. The long bullish candle may have made me consider this one less than perfect, also it was against an obvious trend - but these set-ups do very often work.

So this week there have been 4 confirmed trades and for most people, they would not have worked. But this is just a small piece of the bigger picture. There are bound to be periods when trades move against us.

I hope that you will have time to review the snipers trades the same as you did on the 20th May Vahid. You haven't reviewed any of the trades since then.
I have been placing small trades using the snipers strategy and it is obvious to me that I am as yet not able to differentiate between good and not so good set-ups. I have about 50% success rate, so breaking even.
A small improvement will turn breaking even into taking profits

Keith,

Please see my post on the sniper thread.

Vahid, It seems you have forgotten what to do again. Why do you take the responsibility of the others' trades? Do not show the trade setups. Teach the systems and leave the rest to themselves. Support or resistance breakout is a trade setup. You are not responsible if the market goes the other direction and hits the stop loss after that. People should learn to take the positions at their own risk. I don't know why they blame you. Some people can never become trader because they cannot lose.

Stop sharing the trade setups. Teach the systems, analyze the back data and let the traders find the trade setups on their own. This is what you were supposed to do, but it seems you have forgotten it again. This Snipers system is a scalping system. It is not possible to share its signals the way that the others can take and make money. It is not only taking the positions. There are a lot of other things that you do yourself but you can not share with your subscribers. For example you move the stop loss to breakeven at some stages, but it can become too late if you want to let the subscribers know.

Hey Joe,

Have not heard from you in a while. I have a question and I value your opinion. Is the sniper system still considered a scalping system when you use it on the longer time frames. I agree it is scalping because it works on the smallest time frames but just wondering if it is still considered scalping when used on say the one hour charts. I have had much success with it on the 30 MIN and 1 HR time frames but have also used it successfully on the 5 and 15 MIN charts.

Bill

Hi Joe,

I agree with you generally. Thanks for being around.

I have expressed this early on. I have also stated that in my opinion it is all relative. All lower time frames are scalps of their higher time frames. a 15M is scalping maybe the 1 Hour or 4 Hour. There are 4 15M periods in the 1 Hour or 16 15M in a 4 Hour. There are 6 4 Hour periods in a day 30 4 Hour periods in a 5 day period.

As I see it, one who trades the 4 hour is scalping the daily or weekly. The danger for most in low time frame scalping is the speed and skill required, as well as the danger of loss due to the spread.

Price moves, period. All of these delineations are just arbitrary.

Vincent

What's up Guys ?

Haven't been here for a while, looks like a crazy day today. I'm quite reluctant to trade on Fridays, especially NFP Friday and intraday systems.
During conversations and reading many Pro's like to relax on NFP Friday because a.swings and false breakouts are uncomparable (like now) and efffect of the news causes a lot of headache - one needs to have a qucik fingers as well. So I try to avoid it.
However I have broken the rule
and traded GBPJPY short snipper setup. More on it posted soon on MA Snippers review.
then I saw Vahid's video later on similar scenario on GBPUSD, so this Guppy trade gave back 3% with full profit. and video re-assured (That was GBPUSD). Why I didn't keep it longer? because I become happy with planned profit. Still need to develop skills in managing the trade to squeeze more juice next time. Maybe you just shrug your shouders and ask why I'm elaboratingon it so much. Because 6 months ago I was passively copying signals to charts.
Thanks to Vahid's video's I'm starting to get at breakeven (slowly) because I making my own decisions based on what is available here. The only issue I have is available time to analyse the market, but I suppose nothing can replace a real experience with charts.

Well looks like everybody must get its own skills (I'm sure they will come sooner or later if we stick to system principles and manage the risk properly). there is no replacement for it, the best setups are not working and delivering signals and trading+mananging own account requires hell of a lot dedication and patience, so I think a fierce critique is not quite constructive here. Different closing time for candles, price swings between brokers, S/L haunting, time lag that all makes impossible to obtain consistent results between traders sitting in London, Tokyo or New York. That is decentralisation of FOREX market, otherwise we would skin off the brokers in one max two days wouldn't it been lovely ?
Personally this week I had a limited opportunity to trade (very busy, travelling, sorting out family issues), so I took only last two trades, long EURUSD and snippers short AUSUSD. Yes both ended with lossses, so be it (full 3% losses), ok ? But today I minimise this loss by more than a half, still negative for this week but that doesn't bother me at all.
But I just know that next few reviews and setups by Vahid will be as usually spot on, so why get stressed about it? Do you aim at 100% accuracy, or 85% based on signals??? Come on guys lets be realistic, it doesn't happen in real word consistently
Hey Guys, try to read what Traderany has written about frequency of trading and his attitude towards it. That is very true.
The fact that "setup" is posted by Vahid doesn't mean is 100% failure-proof, I'm sure everybody should have noticed it by now.
I know, this FOREX market it's a numbers game: once you get your S/L T/P and R:R ratio sorted, profits will start to build up slowly.