If You Are Looking For Some Trading Robot That Will Automatically Trade For You, Or A "Magical" Indicator That Will Tell You When To Buy Or Sell, THIS IS NOT FOR YOU!!!
From The Desk Of John Templeton (The Course Creator of Price Action Trade) My Dear Fellow Trader, I don't envy any new trader who is just beginning to trade the forex market. These poor people are getting absolutely bombarded with one gimmick after another. It almost seems like trading has become a lot more about bells and whistles than actual trading. We live in a time where we have traders who basically let robots do the trading for them. Am I the only one who thinks this absolutely insane???? We live in a time where a large chunk of the trading public is looking for indicators that will put arrows (↑↓) on their charts so they know when they should buy or sell. We live in a time when traders are spending hundreds, maybe even thousands of dollars a month on the supposed latest and greatest, most state of the art charting platforms. My, goodness!!!! When did trading become about who had the most toys.......wins.
The Greatest Tool That A Trader Has Is Their Brain
The good news is that you don't have to pay for that. It's a packaged deal. You use it everday.....free of charge. Whenever you have a problem in your life or you have to make some kind of decision, your brain tells you what to do. Trading really isn't that different from life. Everyday, you are presented with new data, and you have to decide for yourself what are you going to do? Am I going to buy, sell, stay out of the market, etc.....? My question is why do people run away from this? A lot of traders are scared to death of making these kind of decisions for themselves. Don't believe me? Well......let's take a look at some of the evidence. Forex Trading Robots - Could there possibly be a lazier way to trade the forex market??? You are talking about a script that will automatically trade for you and get you in and out of the market without any kind of human interaction. You live and die by what a piece of software is going to do. Instead of a trader taking personal responsibility for his or her own trades, they would much prefer to let an inanimate object decide their financial fate. This is the epitome of what trading has become. It seems like nobody wants to get behind the wheel of the car, and make a decision!!!! Instead we want somebody or something else to do it on our behalf. Obviously, people would prefer to be sipping margaritas on the beach while their trading robot makes them money....but guess what??? Trading is a job!!!! If you want to make money forex trading, then YOU are going to have to do it.
You Can't Outsource Your Job To An Indicator
It's not just trading robots that have made the average trader lazier than they used to be. Indicators should take a lot of the blame as well. You may think "John, but I still have to make the decisions whether to buy or sell". To that I say, "Are you the one really making the decision?" If you short the market because your Stochastics are telling you the market is overbought, are you the one really making that decision???? Do you really understand why the market is overbought?? Do you understand how it can be overbought??? Do you really understand the fundamental reason why you are shorting the market??? Is it just because this indicator is telling you to? What do YOU think?? Do you also know that this indicator is lagging?? You know what the most astonishing thing is about indicators like Stochastics, MACD, RSI, (the list goes on and on)? You don't have to look at the price of the market to trade it. You can basically trade them as if you were, in fact, a robot. You can say "I'll only trade when the markets are overbought or oversold on Stochastics" or "I'll only trade when MACD shows price divergence". If that's the case, why can't a child trade the market (besides the obvious fact that they're too young to open an account)??? Seriously, all they have to do is sit there and wait for their indicator to give them the green light to trade. It's not like they have to sit there and interpret anything.
STOP Paying For State Of The Art Platforms
If there is a business that feels like it's bigger than the forex market, it's the forex platform market. Seriously, how many of these "revolutionary" charting platforms come out every single day. I always see an ad for them on the internet or on a commercial while watching a financial news network. I always say to myself "when did trading become so complicated"? They always talk about all the cool gadgets that they offer, thousands of different indicators, and all the latest technological wizardry. It wouldn't be so bad if they weren't so expensive. I'm astonished at the costs that some traders pay just for the privilege of using this "state of the art" software. What's wrong with the "boring old FREE Metatrader platform?" But it just confirms the attitude that a lot of present day traders have towards the market. They want MORE......MORE......MORE. They want to be able to play around with thousands of indicators. Sure, they'll never have enough time to try them out, but it's nice that they are available. C'MON......enough is enough!!! I don't mean to come down hard on people who overload their charts with indicators. Truth be told, I used to do that when I first began trading. Here is a screenshot of what my charts used to look like when I was a fresh-faced newbie.
But eventually I realized that I didn't know what any of his mumbo jumbo actually did. I was just preprogrammed into thinking that I HAD TO trade with indicators. Everywhere you go online, whether it be, really popular forex forums or chat rooms, all you see is people trying to concoct a mechanical trading system using indicators. I thought I had to do the same thing. This mechanical mindset that traders have is just unhealthy. It goes back to my previous point that traders don't want to have to think about their decisions when it comes to trading. They would just prefer to sit down and say "well....my indicators say buy, so I'll buy". This is exactly the reason why so many black box systems are sold, and why so many people never make money from them.
When Did Interpretation Become A Dirty Word?
You know we live in a time where only 5% of the trading public is making money in the forex market. Why do you think that is? Do you think it's because the successful traders are smarter or have a better education than the unsuccessful? That couldn't be farther from the truth. There are plenty of successful traders who never even graduated from High School. Intelligence, or lack there of, has nothing to do with it. Do you think it's because the successful traders can afford all the expensive trading software to trade with? Really???.......I think you remember my point about people wasting their money on needless charting platforms. Guess again. Do you think it could be because the successful traders know the "holy grail"? Well.....I hate to be a myth buster, but there is no such thing as the holy grail. At least, not in the way that you think it does. There is no magical formula that will unlock the million dollar secret to trading. Give up? It's simple: Interpretation. The successful forex traders understand that the market is not mechanical, and shouldn't be handled as such. They understand that in order to be successful you have to analyze and interpret the market. Somewhere along the way, words like analyze, interpret, and subjective became dirty words in trading. Traders didn't want to have to think. They just wanted to be told what to do. But that's not what trading is!
Any Idiot Can Create A Forex Trading System
Don't believe me?? Just go to one of the many popular forex forums that are on the internet. You'll see literally thousands of forum threads with traders creating their own forex trading systems. Other members of the forum go to the thread and then start trading that particular system. What usually happens? It doesn't work out too well. Why do you think that is? Well......for starters, it probably is an indicator based trading system. In other words, it's a system that could be using moving average crossovers, just for example. Doesn't really leave much room for interpretation if all you are doing is buying and selling when a couple of moving average lines cross one another. The other problem is the fact that you are ALWAYS supposed to be trading when the lines cross one another. Let me tell you something. There is no such thing as ALWAYS in trading. Lastly, you are not separating yourself from the other traders. Let me put it to you this way: If there was a mechanical forex trading system in which you can make incredible returns, get a high winning percentage of trades, low drawdown, and be able to do this without having to analyze the market, then why in the world is only 5% of the trading public making money??? Don't you think if mechanical trading was really that simple, there would be more people making money?? After all, we would all just be trading the same mechanical system everybody else is. We would all have the same entries, exits, etc..... because the parameters would all be the same.
Price Action Is The Greatest Equalizer
Price action is what really separates the boys from men, when it comes to technical analysis. Heck....... IT IS technical analysis. When you use price action, you actually understand why you are taking a trade. You are not taking a trade because Stochastics are oversold or overbought. YOU are the one the making the decision, and best of all YOU understand it, and YOU are able to explain it. There is no getting around it. If you want to trade the markets, you are going to have to understand what you are looking at. Make no mistake about it. Chart-reading is a skill. It's not some "holy grail" forex trading robot you can turn off and on. From the first ever day that the stock market opened, there were floor traders who were analyzing the price movement of a stock as it was going up and down. People like Jesse Livermore became rich at the beginning of the 20th century just being able to follow the price movement by LISTENING to the direction it was moving in. He was able to spot natural support and resistance areas in the price just by paying attention. This is somebody who didn't have the technological advancements that we have today. What's our excuse??? We shouldn't have any excuses. None whatsoever. Traders have just become too dependent on technology. Instead of taking the time to learn how to properly analyze the markets, we have traders that want all these gadgets, bells, and whistles to do the analyzing for them. THAT ENDS TODAY!!!!!!!
What Does Price Action Tell Me?
Well, in short........everything (at least from the technical analysis side). You know how people read a book? Or how you are reading this right now? Well.....that's kind of what price action is like. You can start from the left of the chart and start reading to the right, just as you would read a book.
Yes.....I know that there are indicators that will tell you where support and resistance lines are. Yes....I know there are indicators that will tell you where breakout levels are. Yes...... I know there are indicators that predict where the price is headed. My suggestion is to test these indicators out for yourself. I am sure you'll be completely underwhelmed with how unintuitive most of them are. Once again, if it was that simple to make money by slapping on a couple of these "magical" indicators, then nobody would be struggling to make money. You have to see it with your own eyes. You should be able to spot a support and resistance area just by simply looking at a chart. There are no formulas involved. It's all about comprehending what you are seeing. My goal is to get you to see the market through your own eyes. Not filtered through a Stochastics, MACD, RSI, or any other lagging indicator, that supposedly has insight into the market.
With The "Price Action Trade" Course I'll Show You:
Price Action Is Universal
You want to know my favorite thing about price action? Without question it has to do with the fact that its universal. What do I mean by this? Well......have you ever seen one of those mechanical forex trading systems where the developer says something like this only works for the EUR/USD and only a 15 minute chart???? I can't help but wonder......WHY????? Aren't you kind of handcuffing yourself if you can only trade one currency pair on only one time frame? It seems kind of gimmicky, doesn't it? Why on earth should there be any kind of limits as to what you can and can't trade? Since price action isn't a system (At least, in the traditional sense), there are no limits. This means:
You are only bound by your own limitations. This doesn't mean you should trade EVERY currency pair, just because you can. I'm sure you'll find that certain trading pairs are more favorable to your own personal trading style (conservative or aggressive). But it's nice to know that you have the option of finding out for yourself.
So, What Exactly Is It That Your Getting In The "Price Action Trade" Course.
You get access to my members page that has loads of content and over 6 hours of video! I also want to make sure that you understand the concepts that are discussed in the course. While me explaining and teaching those concepts are important, there is nothing better than seeing them in real time. So, what I did during a 2 week span, is I recorded 19 trades that I took, and I explain in detail WHY I took those trades. I explain my reasoning behind every trade, my entries, exits, stop losses, etc.... I ended up having 15 winning trades and 4 losing trades, for a total of 1245 pips. Like I said, I want to make sure everybody understands these concepts, so I plan on creating new videos/content based on the feedback I get from my clients. So if there is something that needs to be updated, IT WILL BE UPDATED.
OK, This Sounds Great But How Much Is This Going To Cost Me????
Before I mention the price, I just want to say that this is going to be only an introductory price. The price WILL increase, without any warning. When it does, it will not go back down again. So, please don't ask me if you could purchase it at the "old price". But as of right now, I will be offering The Price Action Trade Course for a one time investment of $197.
30-Day Money Back Guarantee
You will have 30 days to test out the Price Action Trade Course. If you are not satisfied with the course material and can prove that you have at least made an effort to use the concepts taught in the course, I will give you a full refund.
Frequently Asked Questions (FAQ)
Q: Can the course material be used to make a forex trading robot? A: I have absolutely no idea! I don't know anything about trading robots. But I doubt it. This is not a mechanical system I teach, so I would imagine it would be difficult to make exact parameters for a robot to trade. Although, I'm sure you already know how I feel about trading robots :)
Q: Is the course suitable for beginners? A: Absolutely!! However, I do not cover the very basics of forex trading, like what is a pip, what is a limit order, etc..... But you can find many websites online that cover the very basics of trading.
Q: Will I Become Filthy Stinkin’ Rich If I Buy Price Action Trade? A: There is absolutely no way I could answer that question. It’s like asking if I start my own business, will I be rich? Everybody is different. Nobody trades the exact same way. Nobody looks at the market in the same manner. If that’s what you are looking for, then I strongly encourage you to go to one of the many forex forums online, and check out all the mechanical trading systems that people talk about in the threads. You’ll have your choice of thousands to choose from. All the work will be done for you. Just don’t get your hopes up.
Q: If I Buy Price Action Trade, Will I Have Losing Trades? A: Of course you are going to have losing trades!!! This is, after all, called TRADING. That’s what all of us are doing. It’s not called FREE MONEY. I don’t care who you are. You are going to have losing trades. 100% accuracy in the markets cannot, would not, and will not ever exist. If you know somebody who can be right 100% time on every trade they take, please let me know about them. I would LOVE to meet the most powerful person in the world. If that’s your expectation of trading, please stop trading RIGHT NOW. I guarantee you that you will not be happy. Either you have seen too many “Buy my trading robot, and make $100,000 a month” ads or you just simply have a “pie in the sky” kind of mentality. Either way, it’s completely unrealistic to not expect losing trades. What counts is the bottom line. If your profits are taking two steps up, and one step back, then you are light years ahead of the majority of the trading public.
Q: Is The Course Complicated To Learn? A: I don’t think so. If you are an indicator junkie or have only traded mechanical systems, then it may seem awkward at first, but with practice, and a little thinking outside the box, I don’t see any reason why you would have a difficult time learning the course material.
Q: Can Price Action Trade Be Used In Other Markets Besides Forex? A: Absolutely!! I am personally just a forex trader, because that’s what I feel most comfortable with. But remember, price action is universal. Whether it be stocks, the e-mini, the Russell, ETFs, options, etc….price action is still price action.
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