Today's webinar was another interesting and highly informative one. It's great to watch as Loz does his daily analysis of the forex charts and see the thought processes as he decides to either enter into a trade or reject it altogether. He will look at the pairs using several different stragtegies and explain what key elements are present (or lacking) before he decides to enter a trade. I find this invaluable because it helps to refresh and reset my own daily appraoch to trading.
This webinar was only about 2 hours long which I think is perfect. More than that and it gets hard to stay focused.
Good webinar again. Loz's webinars are always informative. Got to watch him as he went through the process of finding trades. We went through each of his pairs one at a time. He showed us how to start at the higher time frames and then go down to the lower times frames to look for the right price to get in on.
We learned how to use the 15 minute time frame for quick trades (get in and out fast). He went over the Kumo cloud, and how the color of the cloud relates to the trend. Purple clouds are for Bearish trends (market trend going down), and the Blue clouds are for Bullish trends (market trend going up). The larger the distance between the top and bottom of the Kumo cloud, the more strength/volume of the trade.
He ended up the webinar with a Q&A seesion. He does this in all the webinars. I like it because I usually will hear something I didn't know, or couldn't think of it to ask myself.
Joined: Wed Nov 18, 2009 12:24 am
Location: Gold Coast, Australia
This webinar just reinforced to us just what a great teacher Loz is. He covered some of his strategies again for the the newer members. I have been a member since day one and I still learned something that I missed before. This will just make my trading decisions that much easier.