Hi Folks.

I've been getting a lot of good questions asked about tomorrow night's webinar, and my theory has always been if one person asks, there are ten more who also want to know, so I thought I would send this email out before I crash for the night (yes, I go to bed on Saturday nights around 9:30-10:00 p.m.  Mick Jagger got it right when he sang "what a drag it is getting old.")

First, the "mystery" indicator isn't a mystery at all.  It's a MACD.  But it's a MACD using a group of settings you probably never saw before, and this particular MACD has been modified so that it not only sends out audio alerts when you get a signal, but it can also send out email alerts and Push notifications (more on those in a minute).  That modification alone makes this webinar worth every penny as it will now free you up from having to constantly keep an eye on the charts.  Now you wait to get a signal on your cell phone and then you sit down and set up the trade.

And since we are trading the 1 Hour charts, typically you will have plenty of time to get 90% or more of the trades placed according to our rules.  There will always be those odd times where a price spike triggers a signal and by the time you get to the charts price has moved well past any reasonable entry point.  But 9 out of 10 times this won't be an issue.

Now, as for Push notifications, these are messages sent directly to your Cell Phone from your platform whenever the MACD sends out a signal.  They are simple to set up but they do require you to have an MT4 platform for smartphones installed on your phone.  You can find them in both the Apple and the Google play stores, and they are free to download.  In the webinar I will go over the very simple steps you need to follow in order to link your phone based platform to your trading platform so you can get these notifications.

One question had to do with the 1H charts, wanting to know if he could use shorter time frames like 15M or 5M instead of the 1H.  And my answer is you are free to test this out on any chart you like, but I've gone back as far as I can with my charts on a variety of time frames (5M, 15M, 30M, 1H and 4H) and found this indicator and the oddball settings really do perform best on the 1H charts.  Anything faster and you get a lot of false start signals.  4H seems to work okay and if you are a dedicated 4H chart trader you can definitely makes this work, but from the standpoint of Buying at the Bottom and Selling at the Top, the 1H chart will be your best bet.

The last question had to do with whether this can be modified to be a scalping method, as the party asking did not like to swing trade or remain in open trades overnight, which is a very reasonable position in my opinion.  I found I sleep a lot better if I don't have anything open overnight.

So first, let me say that one of the tools I will be sharing is a Trailing Stop Loss EA which I use as both a catastrophic stop loss when the trade first gets underway,and then acts as a profit taking tool in the trades that ultimately go my way.  I will go over this in the webinar how I set my stops and the numbers I use to give myself room to maximize profits on the trades without exposing my account to unnecessary risk.

As for scalping, this method really isn't made for that.  It's designed to catch 200-500 pip price swings (that's a $20-$50 move in gold) which can sometimes take a couple of days or more to fully materialize.

So for the hard core scalpers in the group, at the end of the webinar I will also share a simple scalping method I have been playing with the last few days.  It's Renko based and designed to net 6-10 pips per trade and uses a single indicator that has proven itself over time to be an outstanding way to get into shorter price moves just as soon as they develop.

So tomorrow's webinar will have something for everyone.

And yes, I will be recording it and making it available to anyone who enrolled into the webinar.

If you haven't done so yet, there is still time.  Go to http://fxscalpingacademy.com/spring2018 and get yourself signed up while there is still time.  I think you will find this to be well worth the time and money spent.

See you in the room tomorrow night.

Jeff