Cool Stuff

 Welcome to the cool stuff page.

On here you will find the three books I have written on forex trading along with some of the scientific research papers I have come across in my time learning about the forex market.

Also I think it’s important to note I have updated one of my books – “Zero Sum Fun – How To Profit From Losing Traders” and removed a lot of the mistakes which were present whilst also adding some additional things to make the book easier to understand. If you have already purchased Zero Sum Fun please contact me via this email ( forexmentoronline@hotmail.com ) and I’ll send you a link which you can use to open the updated copy free of charge.

Pin Bars Uncovered

 

pin-bars-uncoveredHave you ever wondered why a pin bar failed to cause the market to reverse even though it met all the requirements for a perfect setup i.e it had a long wick at one end of the pin, it had confluence with multiple technical levels and it closed into the body of the previous candle ?

I have……….. and I bet most of you reading this also have too.

The weird thing is no one can seem to explain why this happens ? Most of the books and websites which teach traders how to trade pin bars simply say that losses are to be expected with every trading system and that sometimes even the best looking pin bars will fail to cause the market to reverse. The question I’ve always wanted to know is why ? Why will even the best looking pins fail to cause a reversal to take place ?

With Pin Bars Uncovered, you’ll finally understand the reason why even the best looking pin bars will often fail to cause the market to reverse, and let me tell you……. it has absolutely nothing to do with the characteristics of the pin like the size of the wick not being long enough or the pin not having confluence with the right technical levels.

In fact, when it comes to understanding the reason why some pin bars (not just the best looking ones) work whilst others fail, you’ll see how the characteristics of the pin and the technical levels it has confluence with, have almost zero effect on the probability the pin bar has of causing the market to reverse.

I’ve made a small summary below of some of the main things you can expect to learn from reading Pin Bars Uncovered.

 

Learn Why The Common Methods Of Pin Bar Analysis Don’t Work

Most trading books and websites say the pin bars which have the highest probability of causing the market to reverse, are the ones which have confluence with support and resistance levels and fibonacci retracements. Now if you’ve ever traded any pin bars which have had confluence with lots of technical levels, you’ll no doubt have realized that a lot of the time, despite the fact they are supposed to have a high probability of causing the market to reverse, they actually end up failing to generate even the slightest of reversals. Not only this, but you’ll commonly tend to see pin bars which the books and websites dismiss as having a low probability of causing a reversal, successfully generate large reversals in the market.

This no doubt confuses lot’s of traders, because on the one hand you’ve been taught that some pin bars are better to trade than others, yet on the other hand you’re seeing with your own eyes the pins that are assumed to be better fail miserably and the ones which are supposed to fail work out successfully.

This begs the question “Do the pin bars which have confluence with technical levels actually have a higher probability of causing the market to reverse ?

What you’ll see from my book, is the pin bars which have lots of technical levels going through them DO NOT have a higher probability of causing the market to reverse than pins which don’t have any technical levels going through them. The reason why is because of what causes pin bars to form in the first place. If a pin bar forms because of the bank traders taking profits off their trades, it’s unlikely that pin is going to cause a reversal to take place because of the fact the banks still want the market to move in the direction they’ve got their trades placed. It doesn’t matter if the pin has four different support or resistance levels going through it or if it’s found at a Fibonacci retracement, if it’s formed because of the bank traders taking profits off their trades, it has a really low probability of causing the market to reverse, regardless of how many technical levels it may or may not have confluence with.

Follow My Simple Step By Step Process To Figure Out Why A Pin Bar Has Formed In The Market

Knowing why a pin bar has formed in the market is imperative if you want to start trading pins successfully. If you don’t know how to determine what’s caused a pin bar to form, you could end up trading pins which have a really low probability of causing the market to reverse.

To figure out why a pin bar has formed, I’ve developed a very simple method of analysis you can use as soon as you see a pin bar appear on your charts. This method is based on a few clear facts about how all reversals take place in the market and how the banks get their trades placed during reversal situations. With my method you’ll be easily able to determine what’s caused a pin bar to form, which means your overall success rate trading pins will increase dramatically because now you will now know which pin bars are likely to be successful and which are probably going to fail.

Understand The Different Types Of Pin Bar Which Form In The Market

In addition to teaching you a method you can use to figure out why a pin bar has formed, I’ll also give you some background about the different types of pin you’ll see form in the market. Each type of pin has it’s own characteristics which are unique to that type of pin, for example, profit taking pin bars will only tend to form after a large movement has taken place, whereas reversal pin bars will most often to be found as one of the swing lows or swing highs that form during big reversals.

Having this background about the different types of pin bar is essential to understanding why some work whilst others fail. If you don’t have this background it will make following my method of analysis difficult because you won’t understand where the different types of pin are likely to form in the market.

Pricing Details

Pin Bars Uncovered is £4:99 and comes with a lifetime guarantee which you can use to get your money back if your not satisfied with the book in any way.




Note: Upon purchase you will be taken to a page on my site where you can download the book. If you are not taken to this page for whatever reason, please contact me at forexmentoronline@hotmail.com and I’ll send you the link to open the page.

How The Large Institutions Operate In The Forex Market

 

ON POINTHow The Large Institutions Operate In The Forex Market is a book dedicated solely to teaching you how the banks/hedge funds etc trade the forex markets. Traders make this assumption that knowing how the large institutions trade is something which cannot be figured out. In the book you’ll see how it is actually very possible to understand how the institutions trade provided you know what conditions they need to be present in the market in order to make a trading decision like placing a trade or taking profits.

The first chapter in the book is focused on explaining what the differences are between how we trade and how the institutions trade. You realize how we are able to make our trading decisions whenever we want because we do not require the conditions the banks need to be able to place our trades. An example would be how the banks need to have enough buy or sell orders coming into the market if they wish to take some kind of trading related action like placing a trade. We don’t need to worry about having enough orders coming into the market because the size of the trades we’re placing are much much smaller than the positions the banks place in the market.

Here’s a full list of what you can expect to learn in the book.

  • What causes a bank to enter the market and cause a reversal to take place.
  • Why one of the primary things the banks will analyze when looking to place a trade is if there are a large number of traders who will lose money in the event of them entering the market.
  • Why the banks do not have the ability to make trading decisions whenever they want and must wait until certain conditions are met before taking an action in the market.
  • How to spot where the banks have placed their trades and how to get you own trade placed at the same location.
  • Why it’s imperative for the banks to split their trades up into smaller sizes when they are entering the market.
  • How you can spot where the banks are beginning to take profits off their trades using an understanding of trend and the effect it has upon traders in the market.
  • Understanding the role different trading sessions play when it comes to the banks entering the market.
  • Why the banks will try to get their trades placed at a similar price to where their previous trade have been placed when they’re looking to causes a reversal to take place.
  • Why the banks will always place their biggest trade first followed by smaller trades when they have decided to split their position up into more manageable sizes.
  • How we retail traders form an integral part of their trading strategy and their ability to make decisions in the market.
  • Why the banks need an increasing amount of traders to come into the market after they have placed a trade in order to be able take any profits off their trade or close their trade at all.

The price of the book is £4.99 and comes with a lifetime guarantee which you can use to get your money back if you’re not satisfied with the book in any way.

Click the button below to purchase ( Note: You will require a Paypal account )




Upon purchase you will be taken to a page where you can download the book, if you are not taken to this page for whatever reason please contact me at forexmentoronline@hotmail.com and I’ll send you the link to open the page.

 

 

Zero Sum Fun – How To Profit From Losing Traders

 

Profiting From Losers-1Zero Sum Fun – How To Profit From Losing Traders is a 50 page E-book I’ve written for people who would like to learn more about the inner workings of the forex market.

My goal of the book was to increase the understanding of how money actually gets made and lost in the markets as this is one of things traders do not seem to have much knowledge on.

Knowing the forex market is an environment where one persons losses equate to another persons gains allowed me look at the market very differently to how most other traders see it.

When I look at my charts I’m not concerned with what the current market price is, I’m far more interested in looking for places where lots of traders are likely to lose money, as I know the only way I’m going to be able to make any money from a trade is if other traders lose money.

I know where these places are because I understand how people trade, not in the sense that, I know the exact entry and exit criteria they use to place trades, but in the sense that I know there is one thing which all traders will use in their analysis of the market which will cause them to lose money.

With this book your overall knowledge of the how the forex market works will increase significantly. You’ll better understand how the different traders in the market interact with each other as well as why the trend is a concept which has been made up to make you lose money.

There’s much much more which I’ll leave you to discover for yourself.

The price of the book is £ 2.99 and comes with a lifetime guarantee which you can use to get your money back if you’re not satisfied with the book in any way.

Click the button below to purchase ( Note: You will require a Paypal account )




Upon purchase you will be taken to a page where you can download the book, if you are not taken to this page for whatever reason please contact me and I’ll send you the link to open the page.

If you would like some more info on the topics discussed within the book, check out the articles below.

Why Breakout Traders Usually Lose Money

The Biggest Secret In Forex Trading – Zero Sum Markets

Supply And Demand Trading – The Essential Guide

 

Scientific Papers On The Forex Market

The links below are PDF documents of research done on the forex market by scientists and mathematicians, these PDF’s offer a highly intricate look into how the forex market operates along with data to back up their findings.

Although these are probably of no use to you if you’re a beginning trader they will be of use if your trading strategy is based on reading the order-flow in the market, these documents offer valuable insight into various different concepts and ideas which may help you in understanding the market better.

The Predictive Power Of Candlesticks

Round Number Effects On Stocks

Round Number Effect On Stocks 2

Technical Analysis And Market Efficiency

The Effect Of Limit Orders In Financial Markets

How And Why Traders Mask Their Orders

Mean Reversion And Momentum Strategies

Pricing Liquidity In Electronic Markets

Do Futures Lead Price Discovery in Foreign Exchange Markets

Is Technical Analysis In The Foreign Exchange Market Profitable

Predicting Institutional Ownership With Order Flow

Price Discovery In Brazilian FX Markets

The Profitability Of Simple Technical Trading Rules Applied On Value And Growth Stocks

Technical Analysis And Random Walks

 

Disclaimer

U.K. Government Required Disclaimer –You are reminded that the price of shares and the dividends thereon can go down as well as up. None of the following contents should be construed as an invitation to buy or sell securities or open spread betting positions, shares or any other financial trading product. Do What I Want A Beginners guide to currency trading is purely educational and is therefore not regulated by the Financial Services Authority (FCA). we do not imply or guarantee that you will receive similar results.
Futures, CFD, Margined Foreign Exchange trading, Warrants, Options and Spread Betting carries a high level of risk to your capital. A key risk of leveraged trading is that if a position moves against you, the customer, you can incur additional liabilities far in excess of your initial margin deposit. Only speculate with money you can afford to lose. Futures, CFD, Margined Foreign Exchange trading and Spread Betting may not be suitable for all customers, therefore ensure you fully understand the risks involved and seek independent financial advice if necessary.
U.S. Government Required Disclaimer – Commodity Futures Trading Commission. Futures and options trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don’t trade with money you can’t afford to lose. This book is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed within this book. The past performance of any trading system or methodology is not necessarily indicative of future results.

 

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