Hi All,

As you have read on the last email I sent you, I am thinking about making some changes on the program. You know that support/resistance breakout is the system I teach on Forexoma Live Market Analysis program. I not only teach the techniques but the most important thing for me is making the members be disciplined and help them to learn to stick to their system rules, so that when there is a trade setup, they trade and when there is no trade setup, they just sit on the fence

This is something that anybody who likes to become a trader should learn, otherwise he/she will not become a profitable trader and will give up after losing a lot of money. This is the trading density of more than 95% of those who start learning and trying Forex or all other kinds of trading. They give up after losing a lot of money, not because of having no enough knowledge, but because having no discipline.

However, as you have seen, the support and resistance breakout system sometimes needs a lot of time to form a signal and most of you lose your patience when we have no signal for few days sometimes.

That is why I have decided to make some changes. I have decided to take the market analysis and trading tips, out of the members area. So it will be published on the public area of the site. Instead, I will provide more signals for the members, not only through the support/resistance breakout system that we were used to follow, but also through the other systems that I use. So members will have more signals. Sometimes even few signals per day.

The reason of having the analysis on the public area is that as it will be offered for free, it will not have the same responsibility for me that it was used to have. It means when I have to focus on the market more and be on time on finding and sending the signals, I can have less or even no analysis for that day. I can focus on it when there is no forming signal and market is slow. At the same time, I will not have to explain why I do not have any analysis for some days, because it is free.

Please let me know if you agree with this idea or not. Please also give me your suggestions and help me to improve my decision.

Hello,
Thanks for the question. I would love to get more signals that equal more profit for me (especially since I can't get in on all of the trades). I am more interested in quality setups, not quantity. My goal is to trade full time later. Since I work full-time now, I try to get as much as I can out of the analysis when I have time to read it. This leads me to my questions.

Will this in depth analysis change, or will it just take longer to be posted?

Are the other trade systems as reliable as the support/resistance technique?

Thanks

Hello Vahid, hope that you enjoyed your short holiday break.

I think that most of the regular posters and readers of this forum are more interested in the educational aspect of your service. The signals are secondary, to me at least.
If you are going to expand the criteria for entering trades, then this can only be a good thing. I am assuming that you will give details of the analysis of the varying criteria, so it will be a boon to be learning different strategies from you.

This is probably a good idea


Keith

Hi Vahid,

I have often wondered if you had other methods/strategies you used. I have seen price moving all over the place many times, yet we have just watched. Keith expressed some frustration during the past weeks at not finding trades, using the basic trendline SR breakout method, yet there were profits to be made using other techniques. For example, I have wondered why when we are waiting on a resistance breakout for example, and price hits the resistance area but does not breakout, why don't we trade the bounce off of the resistance if it has a good risk/reward? Many times the bounce would have given more profit than the actual breakout signals we did get. Point is, there are many ways to make profits, and over the past few months I have explored and perfected my own methods, while waiting on the FLMA signals (by the way, you taught me how to think differently and independently in the FX).

I think it would be extremely beneficial if you shared some of your other strategies. This however, you can do through writing articles, providing examples via video, maybe even consider hosting some sort of webinars. I am always mindful of your workload, and I feel you do a tremendous amount already. I would not want to over burden you. You must be careful of trying to be all things to all people, and end up being nothing to anyone. But there may be ways to share more without taking on unmanageable responsibility.

We subscribe to learn, but as Michael said in one of his posts (I'm paraphrasing) any half intelligent person can learn techincal analysis. After that the value comes in knowing how to use the TA. If you have other successful methods, by all means share them. In addition to your trendline SR breakouts, I have found success trading Horizontal SR breakouts, bounces off of tops and bottoms of ranges (when they are wide enough), MACD trend crosses, as a few examples. Price is always moving. There are many ways of taking advantage of movement. When trendline SR breakouts are not happening, price is moving is other ways. Surely you know how to take advantage of other ways, and sharing them would only help, but again do not over exert yourself where you are not effective.

Finally, we all come here with different objectives, different skill levels, different expectations, etc... My goal is to first become an indepedent trader, and then to be able to supplement my income handsomely, and finally to be able to make my living trading. Because of your service, I am well on the way to independence. The number of signals now are not sufficient to accomplish the other two, but I don't expect you to be my bank teller. Anything you can do to help me help myself is greatly appreciated. Do you know other ways to make money in FX, more frequently? Then speak up my friend, speak up.

As for making your analysis public, I would not recommend that. You are too kind. People appreciate what they pay for. Your knowledge is worth paying for, and when it is not, people will stop paying.

Vincent

hi Vahid,

Thank you for taking the effort to better the program. My aim is to learn so I can stand on my own one day. If the new program also serves the same educational purpose, i welcome the change.


Thank you!
hum

Just a little more Vahid,

The web is already full of forums and postings of strategies, many of them have been copied into this forum. We look to you for your unique and honest perspective on the use of a particular strategy. Your strong point and that which stands you above the others, is your guidance and education. We can find other strategies all day long on the web. We cannot find someone we trust to teach the strategy all day long. If you have other methods, I would love to hear them and hear your unique and honest perspective on their use.

Vincent

I have mixed feelings about your proposal, but think it would be worth a try. You put an awful lot of time and work into the analysis you've been sharing with us and I bet a good percentage of your subscribers are not taking advantage of studying the vast array of charts you post each day and week.

What I would like to see though in your new proposal is a thorough analysis of at least one of the trade setups in the members area after it was executed. Something to describe what triggered the trade, how you determined the stop and profit levels, and how the trade is progressing based on your original expectations. That way we'd have a mix of trade signals and an analysis where you can share your insight on a small portion of those trades.

As an example, you could have sent a sell signal based on a support breakdown on a 4-hour chart, but you waited for a retest of the broken support to enter the trade because of a specific reason. What would be invaluable to at least me is to know the trigger you saw, your logic for waiting, your stop and profit level analysis, and your vision of how the trade is progressing from that point on. That way, we could continue to learn and have a deeper understanding of the methodology you used for that trade.

Gene

Hallo Vahid,
I`m new by your service of education and telling signals. So my first opinion is, that i learn a little bit of your tradingstyle and your discipline. At the other side it would be good to have several trading-setups and more signals (but quality is better than quantity), because of the different market situations and different volatility.

Hope to learn a lot

Juergen

PS: Hope you understand my english, it`s not my first language

Hi Vahid,

I really like your analysis. I'm learning a lot with them. You are a very good traders that loves to teaches.
I think if you stop the analysis, publish then in the publica area, will not be a good idea. It is true you will have more time to give more signals. I would rather to keep the same way that the service is doing. The main purpose is to teach forex. I will be very glad to lear another strategies that you have. The signals are a secondary purpose I think. You are teaching us to be indempendent trades. We must learn to work on our feet. I would keep the analysis in the members area, if you have more time to teach us more forex trading methods, and as a consequence provide some trading signals. But I mean the trading signals would as a secondary plan for us to be able to trade and follow the analysys in real time. I don not mean that you neef to provide 100000 signals per day or per week. I would like to get more strategy set up , methods and just 1, 2 or maybe 3 siganls per week. Or even no signal during the week. You are a good teacher. I'm learning a lot from you. Please do not transform your service in a signal provider.

Thanks a Lot for you patince with us

Hi Vahid,

Thanks for sharing your new idea and asking our opinion.

Without trying it, we will never know if it works or not. You can always go back to the way before it was, if after a few days you are not happy.
I have learn't a lot from your SR breakout system, and I think you have taught a lot, sometimes as a student when learning sometimes you need to add to your knowledge with another topic (your new idea) to also make the first topic (SR) stronger.

For the public area, I could just have "a currency pair of the week", you don't need to add all the pairs there, when you do EUR/USD, you could mention the inverse is probably happening on USD/CHF, but as in is in the public area as you say, you do not have analyse it.

So for me I would be looking forward to learning some new things you can teach.
Kind regards.

Hallo Vahid.
I think your idea is woth trying. I agree that sometimes there is a lot of frustraition when you see a change in direction and then to be waiting for your signal. I have learned one very important thing and that is to be with the trend because if not you will be killed soner or later probably soner. I have also lerned that most of the time we vill have a re-test of support or resistance. I think this is very important issues when you trade but with weekly daily and even 4 hour charts a lot can happen before we have a good signal.
What I want from your service is guidance for long term trading but also a system, method and discussions how to catch the smaller movements.
Another issue. Most suggested charts , program and so forth submitted to this forum are probably good and worth testing but please tell the forum how to uppload to test. Most people dont know how to handle this without some sort of instructions.

Looking forward to a rewarding new year (knowledge och money)

Dreveborn

Vahid
Thanks for the good work that you do.
The educational aspect of your site is important to me, I like to know why a signal is given.
But also I would well appreciate a greater quantity of accurate signals each week. In the end good signals can pay for the subscription and make me richer.....and after all is said and done that is why I trade forex.

Hello,

It will be like it was used to be. Just the number of currency pairs may be limited, but the analysis quality will not be changed. Sometimes that I have to focus on the signals, I may not have any analysis or it may be more limited.



Yes, they are. They just have the capacity of having more trade setups during the days because they have different rules.

Hi Vahid and all

I'm actually finding this quite difficult to answer. On one hand, yes, of course I'd like more signals and to make more money but on the other hand the thing that makes Forexoma stand out head and shoulders above any other site I have found is the education.

I'm not convinced about posting the analysis in the public area because that means that from the subscribers perspective this becomes almost totally a signal service. If you post it there and keep the recently added "We are waiting for..." section then the difference is even smaller.
I have to balance that out with the fact that a few of us post our own analysis publicly and as a lot of that is based on what we learn here there are many similarities between ours and yours.

You are right to say that you shouldn't be pushed to provide so much analysis all the time but as kaybee123 suggested perhaps focussing on one or two pairs each week would be good. There is as much to be learned from a set-up that doesn't form a signal as there is from one that does.
I actually found it quite daunting at first trying to read and understand the analysis because there is so much. I ended up focussing on just a small amount and trying to understand that first.

Lack of discipline has always been my downfall - like so many others. Will your posting of more trades from different strategies affect that? I think that if you have explained the strategy being used in an article somewhere, and explain the reason for taking the trade and setting stop/TP then I can learn from that and expand my knowledge. What I would have to avoid is trying to apply too many systems to too many pairs with not enough experience.

I guess that my opinion comes down to this.
I don't think you should sacrifice the analysis and education in order to generate more signals. But neither do I think that you should stick purely to the SR breakout strategy if there are others which are more appropriate to the prevailing market conditions.

Perhaps after reading all the responses you should make your decision and then put it in pace for a set period - say 3 months. You will undoubtedly get feedback during that time and can then decide if any further changes are needed, or indeed you might decide to revert back to how things stand now.
Whatever you decide Vahid you can be sure of my support as a subscriber and my honest feedback as a student

All the best

Michael

Hi Keith,

Thanks for your comment. I am just trying to add more value to the program. Market analysis is good and I want members to follow it precisely, but they also should receive reasonable number of signals, not to get fed up of the market analysis.

Hi Vincent,

Thanks for your time and considerations.

You are right. There are a lot of ways to follow the market and have more trade setups. As I have explained above, on "Forexoma Live Market Analysis" program, I am focused on one system and tried to teach the technique and at the same time I try to develop the members' discipline. I never liked to get the member bombarded with several different systems, analysis and signals, because most of the members are new to forex trading and they will think that a forex trader HAS to follow several systems, otherwise he/she is not a good trader. Most professional traders follow only one system and are happy with it.

There are a lot of ways to make money through the support and resistance lines we plot on our charts. I was used to show the direction of the market on the charts, but we didn't take the signals that had not been formed based on the breakouts. As I said my goal was helping the members to be strict and disciplined. When a trader passes this stage, he/she can follow several systems without any problem, but having no discipline and trying to follow several systems at the same time will be ended to speculation, over-trading and heavy losses finally.

I will follow your advice Vincent. Thanks for your participation

Hi Hum,

Thanks for your help.

It will be the same program, with more signals for the members and the analysis for all Forexoma.com users. I am thinking about having the analysis and systems for the members through videos. This will save them more time and will help them to learn more.

Hi Vincent,

Thanks again

Sure! I will share the systems I use with members. Probably I will do it through having videos for members. I am still thinking about the way that I can give the information in a better and faster way.

Dear Gene,
Hi

Thanks a lot for your explanations.

I know what you mean. You should know the exact reasoning behind a signal. This really makes sense and it is the best way to enable you to find the signals on your own. I will do it. Yes, probably most of those analysis I have on the reports, is useless for most of the members, but only one analysis which is focused on a signal will be more valuable.

Hi Juergen,

Thanks for your post.

You are right. Quality will not be sacrificed for quantity. I just want to fill the gaps we currently have because of following one system. Members can still learn the system, but also be served by receiving more signals through the other systems too. Then they can learn the other systems too.

Your English is better than mine. Don't worry about it. English is not even my second language.