Admin SMEHi Thuys,
the only situation where there can be a delay in a position bar is after “big item news”, including the FOMC.
This has been stated several times. In the example above, we had that situation with the FOMC.
That is why we wait for things to settle after such big items before placing trades.
Does that make sense?
SME FX
Admin SMEDone.
Admin SME?
Admin SMEWe hope that helps!
SME FX
Admin SMEOST you can see before, during and after the runs.
OGZ are similar to MTS in that these also stay on the chart but “end” once filled.
Admin SMEHi ImpliedOdds,
the MTS are the green lines,
they stay on the chart.
Once they were taken out, they “end”, but you can still see them, which helped a lot of people with their analysis.
The LTS do not stay, once they get taken, they first turn yellow, then they disappear.
he same goes for the STS. They are shown live, once they get taken, they turn yellow and disappear.
Without question, this has been the best design for our traders, so we will not change that.
All the best,
SME FX
Admin SMEJames Smith is a retired engineer, now living with his wife in a nice little house in the British countryside. After his decade-long career and after a few years of “not doing much”, James was browsing when suddenly an ad catches his attention.
“Forex trading………….make 10k per month………..work comfortably from home……………”. At first, James does not think much about that.
However, a week later, after James made a list of potential projects he wants to get engaged in to fill up his day and to make something extra,
James concludes that “learning to trade” will be the most logical choice for him. After all, he has dealt with “complex problems” all his life and has a lot of quantitative skills and an affinity to technical things.
And so it begins.
Having downloaded MT4, it does not take long until James sits in front of moving price candles, thinking to himself “come on James, how hard can it be to cut out 20p out of these big moves?”.
And before he realized it, the FX monster has started to lure him in.
As so often, it all starts in an innocent way. James puts some “indicators” together; some bollinger bands, moving averages, stochastic oscillators.
He spends hours and then days on forums. Finding all kinds of indicators which “should” give him an edge.
Slipping his black tea, James thinks to himself “all I gotta do is to improve my forecasting accuracy from a random 50% to something higher”.
James found his new baby. His wife Brenda is happy to see her husband excited again, “working on something” rather than watching news shows on TV.
So Brenda sees nothing wrong with her husband’s new “hobby”.
And so James spends may afternoons “working on the best settings of his indicators”, taking notes of the upcoming FOMC and much more.
So after all, the big day comes. James clicks the left button of his mouse.
His first trade!
He places his TP and SL. He feels good. But it gets better. After going sideways for about 2h, the price of GBPUSD finally does go up and hits James’ TP.
What follows is a new feeling of LIFE. James feels on top of the world. Didn’t he always know that he is made for this?
That evening, Brenda and James are joining their neighbours’ dinner party.
Everyone around the table is entertained by James’ elaborations on how the “Fed will soon increase interest rates”, the German economy is in for a “hard landing” and much more.
James feels good. Finally, he feels “needed” again. How nice things are after all!
Fast forward three weeks.
Things have not been going well. Driven by his first “successes”, James was quick to trade bigger and bigger. But all that happened was that after several losing days, James thought that he “can make it all back” with just one “great” trade.
And so he sat down, took many sips of his black tea; this while the days got longer and longer.
“Come to bed James”, is what Brenda says.
But James feels horrible.
He sits in front of his computer in his little, dark room. Staring at that big red number on his screen.
Despite all his “research”, his “come back trade” was stopped out. All the losses were now succeeded with a bigger loss instead of his “expected” come-back.
And so it goes.
“Maybe it is that bloody broker” he thinks to himself. So he switches to another one.
“Oh, look at this indicator! If I add it, then it increases my win-rate enormously!”.
And so it continues.
On some days, James makes 20 pips and “closes the day”.
But, no matter how long he stays; overall the big red number gets bigger and bigger.
Fast forward 6 months.
James is not doing well. His face is red, certainly not from the glass of Scottish whisky on his desk, but just from looking at that bloody, HUGE number on his scree.
James feels like a “loser”. If he can just “make it work”, find that one “indicator” or strategy that will allow him to win it all back.
But instead, it all becomes a nightmare.
James cannot sleep well anymore.
His dreams are about price candles going for his stops.
What the heck did he get himself into?
And the day comes.
“Honey, as you know it is Tim’s graduation next week. I was thinking whether we could get him that really nice bike?”
But James stays quiet. “Brenda. We need to talk”.
Brenda gets nervous because she KNOWS that with that tone in his voice, something is up.
“What is it darling?” she asks.
“Brenda. Please forgive me! I made a horrible mistake!!!!!! I lost control….I….I”
And then Brenda sees that big, red number on James’ screen.
And she freezes.
— GBP 270,000
“James, what happened??”
“I am…..I am sorry honey…..I lost our savings…….I….I”
and then, James just cries…………….yes, he cries, something that happened maybe five times in his entire life.
And so it goes.
In the end, the money is never recouped.
Difficult decisions had to be made…
And that is what happens, when someone engages with something he does not understand.
“It is all driven by supply and demand” was written in that books on financial economics he had bought at the bookstore in town.
“It is all about controlling your emotions” was what James had read on that forum for traders.
But in the end, ignorance asks for a high price.
And the “industry” knows exactly how to lure people like James into its claws.
People like James and Brenda are also part of the reason why I am doing what I am doing.
However, while I am still “out there”, THEY need to make that effort to find me.
Stay safe,
Djamal
Admin SMEAdmin SMEHi IO,
“Can you explain what the MK livestream is? Is MK live and MK live stream the same?”
The MK livestream simply shows 6 of the H1 charts (same charts), however, this via Teamviewer. There is a live chat function. We will activate this today, try to motivate other MK web subscribers to use it then.
SME FX
Admin SMEHi IO,
“Can you explain what the MK livestream is? Is MK live and MK live stream the same?”
The MK livestream simply shows 6 of the H1 charts (same charts), however, this via Teamviewer. There is a live chat function. We will activate this today, try to motivate other MK web subscribers to use it then.
SME FX
Admin SMEHi IO,
that sounds good, we are looking forward.
All the best.
SME FX
Admin SMEHi ImpliedOdds,
here Djamal’s answer:
“Hello ImpliedOdds,
thanks for your ideas, as you will see, most of these have been implemented already. As I said some days ago, please stop your live trading, go back to the drawing board, follow what is said in this post and respect the MK by devoting at least the minimum of time to it.
That is really necessary.
Also, please do not be offended by this post here, sometimes I may sound a little harsh, however, my intent here is to help and my statements come out of goodwill.
Last but not least, remember that if you have personal constraints (such as not being able to check the charts every few hours or so) is something you will need to take into consideration (and which makes it necessary for you to limit yourself to certain setups / time frames).
The “FX industry”
As you rightfully pointed out yourself, the FX “industry” is full of SCAMMERS. Most YT-traders have shiny videos but are a complete joke content wise. Most ppl out there talking about FX have no clue how it ACTUALLY works, WHY EURUSD goes up 20 pips etc. They have no experience and neither any fair chance of knowing, naked charts tell you close to NADA.
Also, you should understand, NO “signal service” will be profitable in the long-run, the same goes for “commercial EAs” or “trading discord groups” or “personal trading coaches” who are wearing fake Rolex watches.
This is just the harsh reality of it. If you do not understand that, then go out there, fall for one of these, lose money and come back here three years later just to regret your ignorance from three years earlier.
Or, you end up falling into the trap of “ICT”, who intentionally leads you from one labyrinth to the next one, just for you to realize at the end of it that none of these “naked chart patterns” consistently worked in the first place.
His ideology is to “intentionally confuse you”, mine is to facilitate the game for you.
Now, while the MK is NOT rocket science, you STILL need to DO YOUR HOMEWORK without looking for any shortcuts.
RESPECT the GAME! You are competing with AI, super efficient algorithms, some of the smartest ppl on the planet! Not only that, but THEY have the technological and informational advantage over you (and I did not even mention brokers yet!). As such, the MK is pretty much the ONLY chance for you to compete with these kind of players! It is that race car. Still, you need to LEARN to drive it!
So the least you can do, is to respect the MK by devoting an adequate amount of dedication and time to it. Btw, can you imagine how difficult the process was to put it together?
It took YEARS. Then after that it took YEARS for me to structure, explain and demonstrate the MK. It is all still there to this day.
Now, if you want to be misled and fooled by all these scammers out there who try to convince you that you just need to follow their “signal service” or “discord groups”, then go there and find out for yourself that it is all BS.
The tragic thing is, you were one of the lucky few ones who even found the MK, but then, rather than using that chance you did not treat it right.
Come on! You can do better than that!
The same goes for any kind of “social trading”. You have to understand:
Trading is NOT a social activity. Why?
Because if YOU are trading an account, it is YOU who is in the driving seat. Not a friend of yours, not some unknown people on the internet.
YOU are the one sitting in that seat, and you better come PREPARED to that place.
Trading is neither a place for ppl to come together, hold hands and sing “kumbaya”. Again, YOU are the one benefiting or suffering from YOUR trade decisions, not anyone else.
As such, put in the work BEFORE you risk actual capital, NOT after!
You have been warned!
Also, two traders can take the exact same entries, but their risk policy, trade management, day routines are different; this apart from many other factors, and hence their results will NOT be identical. That is basic knowledge in this game by the way.
And I have not even started talking about things such as “psychology” or “mindset”.
If you are ready to go live, you should neither have any need for “someone holding your hand”. If you have not realized by now, the closest to that is the MK blog. You can literally see my personal LIVE analysis there.
I.e. as you remember, if I post that a market is “low bias” or “empty”, think TWICE before placing any trades!
If you see that something is cooking up, plan your week to not miss a trade.
The DEFINED process
The process of becoming an MK trader is VERY defined. Again, it does not look like you prepared yourself correctly, since you do not even seem to be aware of that. I have even made videos just dedicated to the step-by-step process:
————————————
Part 1 Orientation video:
Process:
————————————————–
1. You should watch all the “basic” videos from the playlist.
This is necessary for you to understand the basic realities of the game.
Link: https://www.youtube.com/playlist?list=PLuVuP1cRIEyAqxs2TAZDlwQ6HU8s4-x0N
2. You should at least watch some of the MK blog summaries & live trades.
That way, you can see how everything unfolded in practice.
For example, you see how all the MTS, OST and OGZ get filled. You see how the DM siwtches and the SM creates an H4 reversal. You see how the DM pours on one side of the market and creates a squeeze etc.
3. You could then watch the playlist “For the lazy ones among us” to get a summary.
Link: https://www.youtube.com/playlist?list=PLuVuP1cRIEyAICquKHky9ABeUb0gjAT1S
4. AFTER that, you should watch every video of the MK video course.
That is a must, also to understand the “meta-levels”.
5. AFTER that, you should start to trade on DEMO, this by using the MK web and MK blog.
This is important. At least do it for a few weeks. Do NOT skip that step!
6. AFTER that, if you have PROVEN TO YOURSELF that you are ready, you can then go live.
You should start trading SMALL, and then continually increase with more and more confidence / track record.
7. After you have been successful live, consider the new prop program (details coming soon).
————————————————–
The whole process can take between 6 months and 2 years, every individual is different. Some ppl need to watch more of all the videos on the channel before being sufficiently prepared. Others need to spend MORE time on demo before being ready.
Again, someone with average IQ but a passion for trading and go through the process in less than a year, which is FAST for forex.
Oh, if you do not believe that, then go to these scammers who offer “get rich quick” schemes.
My documented trading
Again, if you would have at least devoted SOME time to that topic, you would have found all that yourself.
But here I summarize at least some things for you.
I have traded LIVE on youtube for around 2 years. All these videos are still there. See examples here:
After that, I did the “MK blog summary” videos (these videos summarize my LIVE analysis of the closed week).
Recently, I have also started videos on my track records:
However, that should not be very important to you.
Because by now, you should have realized how FX is completely DOMINATED by the MK, it is all about taking the stops, option strikes etc. subject to not allowing most of the DM into profit. The price is like a river flowing around stones. NO serious trader would doubt the value of that kind of leading information. And as you may know, I had first hand insights in “high finance”. However, I do not need to “convince” you of anything here, if you are not ignorant, then you SEE the facts for yourself just by OBSERVING the MK web for a week!
For the “lazy ones” among us & mini course
Again, I already made a youtube list which is “to the point”, I also made a “Mini course” where you can see some of the main trading setups summarized. Here is the link:
Why don’t you stop everything you are doing, and instead study the mini course, then choose some of the setups and trade these on demo via the MK web?
Do that for 2 weeks. Then tell us how it went.
Posting your trades
YES, you can post screenshots of your closed trades in the “Commercial section” of the forum. Yes, I will then analyze these for you and will try to figure out where your analysis went wrong.
I encourage you to do it, maybe other beginners can also learn from it.
This is all for free.
What we cannot do, is give you any type of “live trading advice”. Again, YOU should know exactly what you are doing and why, if you made the decision to go live. Otherwise, you are simply not ready yet, it is literally a self-organizing process.
Face-to-face course (in the future)
Well, maybe one day, I will organize a “Face-to-face intense MK course”.
I have not done so so far. But it would be thinkable.
I would create various power points, and traders could come to Gibraltar and learn the MK in a 3-day intense course or something like that, getting guided through it 9h per day or so.
However, this would be rather expensive, considering everything involved.
Such a course could easily cost a few thousands. So far, I have priced everything at the minimum, this also to have smaller traders on board.
But, who knows, maybe that is something I should be open to, after all the ones who can afford it would come (which would be the ones who are paying in order to get it all explained face-to-face again). Let’s see. For that, I would need at least 20 people or so (who are willing to fly over).
Concluding remarks
It feels like deep down you know that you found the “real thing” here.
However, it does not feel that you want to “commit” adequately to it.
That is a problem.
However, you know that no single minute invested into the MK is a waste of time (and in fact, nobody can take away that knowledge from you in the future), you also know that “tape reading the MK” is valuable experience which nobody can take away from you ever, no matter what happens in the future.
So, the ball is on YOUR side, dear.
If you are REALLY interested in FX, this on a DEEP level, then you would invest your time into getting the work done. It is all there.
But if your interest in FX is shallow, you end up trying to cut corners, and you look for a “get rich quick scheme”, then nothing will work for you. You will just jump from scammer to scammer.
You have to make a decision. Nobody else.
Lots of love, you got this!
Djamal”
Admin SMEHi IO,
yes, we will add this to his to-do-lost.
SME FX
Admin SMELook at that:
