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[Matthew Shellard]

This is actually a great idea!

[Matthew Shellard]

Hey guys 🙂

It would be great if you could please post a couple screenshots on here that accompany the videos, I think that would be really helpful!

[Matthew Shellard]

Hi Drayzen,
Not a problem. I’m sorry to hear that you still haven’t had any official contact.

I presumed that it is screenshots, which are updated on a tick-by-tick basis. You can briefly see an example in this video (https://www.youtube.com/watch?v=dO9egHjQzfM&ab_channel=SmartMoneyEliteFX), however, if I recall correctly, there are some better examples in other videos on the channel.

I agree and disagree with being open about what their data source(s) is/are. It seems like it is a main component in their trading strategy, so why give everyone the raw source and have them circumvent your product offering? Doing so could take away their trading edge. Rather hinting about what the data is, and what it encompasses, should be more than enough for users to go on their own journey and find various sources of what is offered.

Currency Strength is something that I use in my own trading, but more as a rate-of-change indication. I personally trade 5-minute charts, so I’m interested in the strength change over the last hour, and 8-hours, as extra filters.

I agree that the website should be refactored a little, or perhaps unused sections hidden. But I guess we must also understand that this isn’t his main source of revenue, but rather a side project used to bring more knowledge to us.

😊

[Matthew Shellard]

Example of my charts during the ECB rates today:

[Matthew Shellard]

Hey Drayzen,

I’ll take a crack at answering your questions, but please note, I am not a MK Web subscriber as I have developed my own strategies based off of Djamal’s theories.

What is the difference between the Individual and Corporate subscriptions?
– I believe the only difference is the entity type that you will be signing up as. If you are a retail trader, trading in your own capacity, then you will fit an Individual subscription. However, if you are signing up with a corporate identity, i.e., you have wrapped you trading accounts into a business entity, or you are part of a team of traders, then you would signed up under a Corporate subscription. From my understanding, both subscriptions are to the same web feed, the only difference being price point. It seems like this is based on honesty, with Corporate subscribers being asked to do the correct thing and not sign up under an Individual subscription portal.
Why would you then offer an “SM” subscription..? Seems weird.
– I believe Djamal is trying to even the trading playing field by allowing retain traders access to the technology that he has developed. He isn’t providing his complete strategy, thus not giving away his edge and affecting his alpha, but allowing traders to view the underlying market dynamics and retail flow.
Can anyone confirm what the data being presented actually is?
– Yes and no, as this is part of the secret sauce. I can confirm that it is not CoT data (although this is one of the starting points for those on their smart-money journeys, and easily accessible), nor is it based on tick volume/market profile. The data presented is unrelated to price movements, and represents actual participants in the market.
Given how this data is presented, I’d expect to have some more understanding provided than just “trust me bro” it works.
– Pretty much is “trust me bro”, but seeing is believing, and there is a lot of video “evidence” on his YouTube channels and ForexFactory thread. I used these as a starting point for figuring out the system, and creating my own trading style based on the flow.
I’ve seen it said that it’s not order book data. So if it’s not that, and it’s not any of the above I mentioned, then what?
– I am not certain about the option strikes that may be shown (maybe someone else can chime in?). There is orderbook data that is shown, but it is not depth of market. Think of it more as a lower frequency trading.
Do I get an indicator I can use for an EA to reference for automated trading?
– You do not get indicators, per say, you get access to a web interface of live chart screenshots with all of the proprietary indicators shown. There are a few videos that show what the interface looks like – I am not a subscriber, so cannot give an overview.

In ending, the data works and exposes the true market dynamics, but may not work according to an individual’s trading style. Some people trade towards the stop-losses, others wait for the stop-losses to be cleared and trade the retracement, others may not be concerned with those and only trade in the direction of the flow – it all comes down to fitting this now information into your existing trading plan as an added layer of confidence.

Hope that answers some of your questions!

[Author]

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