Comments on: Trading the Tenkan/Kijun Cross http://2ndskiesforex.com/strategies-for-forex-trading/forex-articles/trading-the-tenkankijun-cross/?utm_source=rss&utm_medium=rss&utm_campaign=trading-the-tenkankijun-cross At 2ndSkiesForex, Chris Capre offers his unique Institutional and Retail market experience teaching Price Action & Ichimoku Strategies to trade the market successfully. He offers a variety of forex educational materials such as free weekly webinars, online courses, and a library of free articles and videos. Thu, 17 May 2012 15:59:23 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Chris Capre http://2ndskiesforex.com/strategies-for-forex-trading/forex-articles/trading-the-tenkankijun-cross/#comment-1494 Chris Capre Mon, 14 Nov 2011 09:34:30 +0000 http://2ndskiesforex.com/?p=811#comment-1494 Hello Peter, You ask some very good questions. In regards to your questions; 1) This is very difficult for me to estimate because I have no idea where you are at in trading, how good your discipline or trading psychology is at which will have an impact on your trading. $6-8k USD per month on a $100k account is 6-8% a month and that would be challenging for a high level forex trader to achieve consistently. I tend to tell the developing trader to focus on learning the systems, becoming a good trader and making good trades. When you do, the money will come. But telling someone what they can and cannot do with very little knowledge of how they trade is very difficult for me. But again, 6-8% a month consistently month after month is difficult for even professional traders so hopefully that gives you some idea. Now if you had say 500k, then you are talking only 1.5% per month which is very doable. The challenge is not so much about the systems which have been successful for years, the question remains around you and your ability to be disciplined, to follow proper money management, your trading plan and to have the right trading psychology to make the best trading decisions. 2) The trading platform should be easy and simple to use. Some of them are MT4 or FXCM TS2 (trading station 2) which are very user friendly. In terms of the charts, I use fxtrek intellicharts desktop for all my charting needs which are the ones you see in the videos. They are $100 per month. 3) Yes, the systems function at a very high level, yet are super easy to learn as they are completely rule-based. In terms of which course to take between the two to get the number of trades and trading rhythm, that is tricky because the <a href="http://2ndskiesforex.com/online-forex-courses/advanced-ichimoku-course/" rel="nofollow">Ichimoku Course</a> has two systems in there which have that type of rhythm while the price action course has several systems with that type of rhythm. The systems in the <a href="http://2ndskiesforex.com/online-forex-courses/advanced-price-action-course/" rel="nofollow">Advanced Price Action Course</a> are easier to manage and are more set-it-and-forget-it strategies while the Ichimoku ones require a little more management. But they both perform at a high level With all that said (which was a lot), what are your thoughts on all this? If you'd like, I'd be happy to talk on the phone so we can get more information and find a tailored solution for you. Let me know when you'd like to do a call. Kind Regards Chris Hello Peter,

You ask some very good questions. In regards to your questions;
1) This is very difficult for me to estimate because I have no idea where you are at in trading, how good your discipline or trading psychology is at which will have an impact on your trading. $6-8k USD per month on a $100k account is 6-8% a month and that would be challenging for a high level forex trader to achieve consistently. I tend to tell the developing trader to focus on learning the systems, becoming a good trader and making good trades. When you do, the money will come. But telling someone what they can and cannot do with very little knowledge of how they trade is very difficult for me. But again, 6-8% a month consistently month after month is difficult for even professional traders so hopefully that gives you some idea. Now if you had say 500k, then you are talking only 1.5% per month which is very doable. The challenge is not so much about the systems which have been successful for years, the question remains around you and your ability to be disciplined, to follow proper money management, your trading plan and to have the right trading psychology to make the best trading decisions.

2) The trading platform should be easy and simple to use. Some of them are MT4 or FXCM TS2 (trading station 2) which are very user friendly. In terms of the charts, I use fxtrek intellicharts desktop for all my charting needs which are the ones you see in the videos. They are $100 per month.

3) Yes, the systems function at a very high level, yet are super easy to learn as they are completely rule-based. In terms of which course to take between the two to get the number of trades and trading rhythm, that is tricky because the Ichimoku Course has two systems in there which have that type of rhythm while the price action course has several systems with that type of rhythm. The systems in the Advanced Price Action Course are easier to manage and are more set-it-and-forget-it strategies while the Ichimoku ones require a little more management. But they both perform at a high level

With all that said (which was a lot), what are your thoughts on all this?

If you’d like, I’d be happy to talk on the phone so we can get more information and find a tailored solution for you.

Let me know when you’d like to do a call.

Kind Regards
Chris

]]> By: Peter Skelton http://2ndskiesforex.com/strategies-for-forex-trading/forex-articles/trading-the-tenkankijun-cross/#comment-1493 Peter Skelton Mon, 14 Nov 2011 05:00:32 +0000 http://2ndskiesforex.com/?p=811#comment-1493 Hello Chris, I have been following your Forex trading setups videos for a while now (I'm a subscriber)and feel that your courses may really be what I am looking for. I own and run a Liquor store in Melbourne, Australia, and although profitable, is not a long-term income generation option for me anymore. It's a BRUTAL grind that I have been doing for too long and looking to exit out of at some stage... A couple of quick questions if I may: 1)If you had to estimate, how much capital (using tight money management/stop loss protocols of course!) would be required using your Advanced Action and/or Ishimoku courses to generate a $US6-8k per month income? Is that income achievable in the short term or do I need years of experience 2)This ties in a bit with Q1, but what trading platform would I need to use to utilize your system? The Ishimoku cloud charts look amazingly powerful and profitable. How much would that cost? 2)Am I right in thinking these courses provide some really STRONG higher probability fundamental setups that are relatively easy to learn and that I can trade pretty much immediately? I would rather take 10 REALLY STRONG trades (with more total contracts per trade)per month, than have 5 really strong, 3-7 strong and 5-10 'good' trades. Is that a good strategy in your eyes? Thank you for your time Chris, Peter Skelton Hello Chris, I have been following your Forex trading setups videos for a while now (I’m a subscriber)and feel that your courses may really be what I am looking for.
I own and run a Liquor store in Melbourne, Australia, and although profitable, is not a long-term income generation option for me anymore. It’s a BRUTAL grind that I have been doing for too long and looking to exit out of at some stage…
A couple of quick questions if I may:
1)If you had to estimate, how much capital (using tight money management/stop loss protocols of course!) would be required using your Advanced Action and/or Ishimoku courses to generate a $US6-8k per month income? Is that income achievable in the short term or do I need years of experience
2)This ties in a bit with Q1, but what trading platform would I need to use to utilize your system? The Ishimoku cloud charts look amazingly powerful and profitable. How much would that cost?
2)Am I right in thinking these courses provide some really STRONG higher probability fundamental setups that are relatively easy to learn and that I can trade pretty much immediately? I would rather take 10 REALLY STRONG trades (with more total contracts per trade)per month, than have 5 really strong, 3-7 strong and 5-10 ‘good’ trades. Is that a good strategy in your eyes?

Thank you for your time Chris,
Peter Skelton

]]>