Hello Everyone,

Each week I receive 100's of questions on a huge variety of topics. With that in mind I'm going to make an effort to share more of them with all of you on this blog.

Question:  "Jeff, I haven't seen you comment on the new NFA rules and how that applies to your trading. Have you seen this and what do you think about it?"         - Mike

Answer:  Mike it doesn’t effect me as when I want to trade currencies I do it via the currency futures markets.  From what I hear some brokers are already figuring ways to side-step the rule a bit.  In addition many US brokers are simply shipping their clients off to a Non US partner.  This way there is no having to worry about the new rules.

Question:  "Hi Jeff,  Just found your site, good job.  What MT4 are you using in your vids?  Also, how do you come up with these levels each week? Did you used to work for a bank/institution?"  Cheers  Matt

Answer:  I use a ODL securities demo account but any MT4 version will do.  Matt while I use some things like support/resistance, Fibonacci levels, significant market numbers, previous swing highs and lows etc…  Much of what I do is based on over 15 years of experience as you just get a feel for where the market may turn.  Another thing I am always asked is if I use floor trader pivots and the answer is no.  Not because I have anything against them, its just that I have more than enough on my plate to look at.  As far as working in a financial institution I have never pursued that avenue.

Question:  "Hi Dr. Jeff, I was wondering what might be a good way to spot key reversal points in equity trading.  Also, on E-signal, could you tell me which Fib tool to use for finding profit levels with your “three points” I watched your video but am not sure if I use the Fib Ext or Fib Ret tool.

PS. I finally started to incorporate your support/resistance trade set-ups with Fibonacci levels to give me more stock choices. I’ve been re-watching your videos about these subjects and it’s starting to make more sense."  Bill

Answer:   The same principals I use to find my weekly reversal levels would work just as well on the stock indexes or individual stocks.  I may look into doing a small workshop to teach traders what I’m doing so they can profit from these levels in other markets that I don’t cover on my blog each week.  I answer to your last question…  I use the Fibonacci extension tool to determine my profit levels.

Question:  "Hi Jeff,  I love your Forex Trend Finder 3.0.  It works great.  As a fellow day trader, how do you handle all the economic reports?  I am finding I miss too many moves because a high impact report is coming out, but if I get in before the report, I risk a sudden spike against me and if I wait until after, usually 15 minutes, then I miss a good bit of the move.  But, the main issue is when there is a report, or multiple reports at 8:30 EST, then one or more at 10:00, I do not know if I should wait until both are out and done or wait until after the first one is out, or to just ignore them completely.  How do you handle the reports?  Is it best to wait until after or just ignore them completely and take a signal when present, even if 10-15 minutes before the report?"  Thanks Sam

Answer:  Sam, as  a rule of thumb I will exit a trade I’m currently in no later than 5 minutes before the announcement and 10  minutes after the announcement I will start looking for new trades.   By doing this I may miss the excitement of a 100 plus pip move, but to me trading news is too much like gambling.  I know some traders love it and do well, but it takes very special techniques and big stops.  Unless you are highly experienced don’t mess with trading during major announcements.

Question:  "Surely in your years in forex you must have come across one or more brokers who don’t engage in stop hunting and data manipulation. Please let us know which one(s).  For the sake of clarity it might be good to give us your recommendation in one of your emails. It’s a bit difficult to keep track of all your comments on the subject of forex brokers, since they are spread out over several of your blog  posts by now.  Stay in good health. All the best."
Regards,  Sam,  Netherlands

Answer: Sam I do have a recommendation which I will make within a week.  Its amazing but there are so few good brokers out there but I have found one that has the best list of  features and don’t trade against you.  Please stay tuned…

Ok everyone, the next thing is not a question but a comment from one of my students. 

*** Please note that even if you don’t have any of my programs I will share with you a tip to help increase your odds for success regardless of the program you are using…

“My goal is to keep teaching you so that you can really master and profit from my "Trade Secrets" course.”  - Jeff Wilde

The next part is from Willliam…  “The reasons why I am committed to the “Trade Secrets Course” is because of your dedication to us. Your hard work and efforts to keep us informed on such a consistent level continues to give drive to step into new territory with confidence that comes from understanding how and why theses set ups are used. Your groups of trade set ups are a well rounded arsenal that helps locate those high probability trades throughout a continuously changing market. For myself, these choices help me spot trades during different market conditions and educate me on how to change as the market changes.

 The more I understand the techniques and styles of trading through your videos and e-book, the more confidence I gain. Compared to the last four years of trading the market before finding your course, I have finally stopped losing money. Your commitment to your course and to us truly strengthens my own passion to “really master and profit from your Trade Secrets Course”
 
Thanks for your continued guidance Dr. Jeff

My Thoughts…  I’ve been coaching traders for 6 years and I have always made my self available and been willing to help someone, even if they bought a program years ago.  

 What gets me frustrated is that I will have people give up sometimes within days.  The bottom-line is they quit the minute they can’t figure something out or have a couple of losing trades.  Now contrast this with William who had the same material and was able to really turn his trading around.  The big difference for him was being able to commit 100% and take responsibility.  So regardless what program you are using make sure you aren't beating yourself by giving up too soon!!! According to studies I’ve read most people give up when they are very close to the finish line.  Don't be another statistic, I want all of you to beat the odds!

Hope this gives you some food for thought and helps you connect all the dots that much better….

Until next week, peace and prosperity,

Jeff Wilde

***VERY IMPORTANT: If you are new to our forex market forecast service I urge you to get up to speed on how to get the most out of it. This will also explain what the abbreviations I use mean. To get all the details click this link:

Here is a video that will teach you how to get the most out of this newsletter. TO VIEW CLICK HERE:

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