Probably the most rewarding thing as an educator is hearing the success that your graduates are having. As stated time and time again in our live mentorship room, the most important thing one can learn is "how to read market direction". By reading the market's direction we are able to make highly educated trading decisions based solely on the psychology of the traders in that particular market. Each pile of orders placed in any given market leaves footprints that we can use for future reference. It is our job as a trader to read price and determine where the "unfilled" orders are so that we may fill them.
Below are two emails from a PFA graduate sent earlier today. Because he has a good read on the market's direction, he is capable of trading at the highest probability times in both directions. It may be important to note this is not something that is attempted daily because it is not offered each day, however reading price and market direction will let you know when a high probability entry with low risk is being offered.
PFA Graduate Email (1):
Hey Will,
This one was the best trade I've ever had so far.. ;)
Short from the top on 104.60 (dbd) and exit the trade yesterday 16:00PM EST at 101.00 (just before the next level). see attached oil short.jpg
btw, I bought the oil this morning on the 15m chart. see attached oil long.jpg
as you can see the consumption candle did the job!
this is a scalp trade with a potential to go higher. It's already hit the 1:1 profit target.
It's so amazing to see what can be done with the knowledge that you're giving us. :) very very powerful!
As I said before: UNBELIEVABLE!
Thank you so much Will!
God Bless You
Y.H
PFA Graduate Email (2):
Hey Will,
As soon as I stopped out from my long position at the BE+com I entered short position (dbd) on the 10M chart.
I opened the monthly chart today and I saw that we are turning from weekly supply and there is a lot of room to the down side..
It does not matter if you are right or wrong (in this case the long position was probably wrong) as long as you know to READ the market.
I'm shorting the oil again!:)
Thank you so much!
God Bless You
Y.H
CFTC RULE 4.41 HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
Trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing one's financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results. All Software provided or purchased is strictly for educational purposes only. Any presentation (live or recorded) is for educational purposes only and the opinions expressed are those of the presenter only. Testimonials may not be representative of the experience of other clients or customers and is not a guarantee of future performance or success.
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