Hi Vahid, like many others I have found your new videos very informative and want to say that I am quite pleased with your service. I certainly plan on being a subscriber to your service for a very long time. I did notice though that in the past week you did not send out any formal buy/sell signals. Going forward I was just wondering if you plan to continue with the formal buy sell signals or will you just give the formed trade set ups as you did this past week?

Owen.

Hi Owen,

Thanks for your attentions. I still don't know. Sending out the signals as pure buy/sell emails and SMS messages caused many of the positions we took go wrong, specially recently. Some people may think that I am wrong or I am exaggerating about the service I have here but as far as I have found out they are among those who know almost nothing about forex and the way that some market makers and hedge funds trade.

Emailing the signals, specially recently, had ruined my own trades too and I saw that my accounts were also shrinking, but as soon as I stopped it, I recovered all the losses and went to profit again. This is important for me because I also trade the signals I share with the members. I am not a buy/sell signal seller only.

So I think finally if I want to email anything, it will be just a notice to inform the subscribers about the formed or forming trade setups. It will not be a "buy this" and "sell that" message.

On the other hand, I am strongly convinced that saying buy ... or sell ... is absolutely wrong, because each trade setup has a different condition and different level of risk. but when I say buy/sell ... it does not say anything about the features of the trade setup. This is 100% wrong, technically and rationally and a professional forex trader and adviser should never do it. I was wrong. Subscribers should see the trade setup and the reasons behind it. Then they should decide if they like to take it or not. For example, a couple of last week trade setups were based on the daily candles. I took them, but some others might not want to take them. But If I had sent an email saying "Sell GBP-CHF", most subscribers would take it without knowing on what time frame this trade setup was formed.

Does this make sense to you?

Vahid,

This is what I was telling you from the first day. I even emphesized several times that subscribers should not talk about the open positions on the forum.

I hope you do not repeat those mistakes again.

Thanks Vahid, what you are saying makes sense to me. I am lookng forward to continue learning from you.

Owen.

As a matter of personal preference, I would appreciate the sms message telling me of the formed trade setup.

Owen.

Hello Vahid,

Would you advise the few people that have journals here that follow your trades or theirs to stop posting open positions that they take as well. I remember reading Michael's journal and in his first post he stated: "While I totally agree with Vahids post that a journal is essential I am not convinced that a public discussion forum is the best place for it. I'm fine with sharing my thoughts and opinions and maybe posting some trades as I make them but I would be concerned about having too much personal info on line".

What do you think, should traders be concern about posting too much information regarding their trades? We all trade somewhat similar to you, but not as close of the level your on (speaking about myself). I'm just curious.

Hello Angie,

A position will be a problem when it is taken by a big group of people and at the same time there is another group of traders who are aware of this and go against the direction of the first group.

Having a trading journal on a forum will not have any problem, because the second group is not sure if the position is taken by a big group of people or not. On the other hand, when a position is discussed on a forum, people will not take it blindly. They read the analysis and some of them agree and some disagree. Whereas when a buy/sell email is sent, most people take it blindly.

Thanks Vahid for explaining that. One thing about the forex world is I never stop learning. Thanks again for replying so quickly. Have a great weekend and get some rest, for your a very busy man.

Thanks for your concern my friend

Hi Vahid,
Just my 2 cents... I really enjoy how you have been doing it lately by posting video's of the forming trade setups with each pair, analyzing them and discussing their risks and why they are trade setups. It forced us to analyze them ourselves and decide if we like the setup enough to pull the trigger. It seems to be working well

Hi,

Thank you my friend.

Yes, I am sure it is good for everybody. I am happy that this journey got me to this point finally.

Hello all,

I'll chip in my 2 cents also. I agreee that Vahid should NOT send out buy and sell signals. Anyone that is following his education will agree with this. If you are learning and following his videos; last week alone he presented many trading opportunities and I believe he was correct on every instance. If one wants a managed account they can pay to have one. If one wants to learn how to trade forex they are in the right place.

Bill

Thank you Bill. I am glad that the program is working for you

Afternoon all,
At first I wasn't too happy with not getting the alerts, but when you really think about it Vahid is trying to teach us HOW to trade, not trading for us and all we do is push the button. What he has done now is forced us to teach our selves and not be lazy and just take an alert then open a position. Then of course there are those that will blame Vahid for the losses. Well hey you pushed the button not him, he just gave you the set up.
This also must take an awful lot of pressure off Vahid so he CAN do his own trading and not feel responsible for all the members trades.
It is easy for me to see that V is a dedicated teacher and is passionate about his work, and that can only be good for all of us members. Since coming back from Xmas holidays I have watched all videos at least twice each and some I am now watching three times. Why? Because it is very easy to miss a critical point that he has made if you only watch them once and trust me that can be very expensive.
So I am now backtesting my system that I have devised from the RSI/price breakouts and by the end of this week I will be back trading full time.
For any one that's interested I have attached a spread sheet of my system.
Bear in mind that there are indicators in there are may not be relevant and may seem as if they complicate a simple system, but to me it is important to know what weight an indicator carries before I use it or discard it.
Also when you have done relatively small hours trading as my self (@ around 3500 at the moment) I find it is better to have things written in front of you than trying to remember them.

I think your teachings are excellent V please don't stop,- and may all your friends remember all the favors you are owed -
Ian

Ian,

On your spread sheet one of your columns is listed as "8/8 c/0". What does that mean? You will do well with this system if you follow your rules. I have been using it ever since it was shown to us and I am doing quite well.

Hi Chillidog,
The 8 open close is --
mav 8 simple, set on the open price
mav 8 simple, set on the closing price
Some use it to enter the trade ( the second candle after the c/o) and to exit a trade (on the c/o)
I use it as confirmation.

Ok, I see what you mean. I never could apply any small moving average. Seems it just follows the price to closely to tell me anything more than a candlestick or what I already have on my chart.

Hi Angie

When I wrote the post you quoted above I was more thinking about a journal of the type that Vahid discusses in this article http://www.forexoma.com/the-importance-of-forex-trading-journal-for-forex-traders/ I don't have an issue about posting analysis here but am less keen on posting details about every trade I make, why I make them and the results. One of my concerns comes from a book I read a while ago by Alexander Elder (I think) where he advised against making trades public. His reasoning was that by publicising trades we become more attached to them and more determined that they be winners. This can lead to moving the stop loss to give the trade time to turn round, or even change the selection process which determines which trades we take.

That's why I will post my analysis and some trades for comment and discussion, but I will not make a habit of it.

There has also been discussion in the past regarding us posting analysis in the public forum because our analysis is likely to be similar to Vahids. I have no issue if it is public or private, that is purely Vahids decision.

All the best

Michael

Hello Vahid,
the fact that you changed your mind about sending signal through emails was announced?
Then, have you stopped sending signal, and you will just send trade setups?

It might be good for some - good for them- regarding myself I'd like to receive the signals, with calculated stop and tp as before. Or a trade setup with suggested area of tp and stop.
What surprise me is that a month ago, you were so excited with the new signals, more emails and so on, but after two weeks you even stopped the service as it was originally. But again, why I did not know it?
I think that the forum is ok, and you are awesome with you dedication to it, but we, paying customer, should receive by email, or announced on the website, about big changes, not just as a mere chat between forums' participant.


Thanks, and forgive me if I have misunderstood something.
Max

Hi Max,

It is a while that we are discussing about the signals on the forums and also on the members area I talked about it in details. Please check the January 06, 2009 daily report.

Also please see the discussions we had at i-need-your-opinion-too-326.html and buy-sell-signals-349.html

I am realized that having the exact entry, stop loss and target in the emails while the members have not seen the analysis and the way that the trade setup is formed, also if it is a reversal or continuation, is a big mistake. The reason is that when an email says "buy ..." or "sell ..." most members take the position while they do not know how risky that trade setup can be. What they have to do is that they should refer to the report and see the analysis and decide. They should also hear about the risk that each trade setup has and this is what I am explaining for each trade setup.

On the other hand, this is also done because of another important reason. We do not want the others to know what position our subscribers take. Taking a position by a group of traders at the same time, while the others can be informed about it, is entering to a dangerous territory. This is what we have tested so many times so far and we have taken the same result each time.

I know that the other buy/sell signal services give the exact entry, SL and TP, but there are some differences between my program and theirs. First of all most of those programs are scams and nobody knows who is behind those programs. I have strong reasons and examples for this idea. Second, they do not care about the results. They just send a signal. Nobody knows if they also trade those signals or not. But I do trade the signals I share and it is important for me that they work and they do not go against me. There are hundreds of buy/sell signal services over the internet that even 1% of them are not legitimate and certified.

My program is different. The way that I analyze the market and teach it to the members and they way that I offer the program is different. There is no doubt that offering exact buy/sell signals is 100% wrong technically and practically.