Nicely done 

Looks like you got the hang of it nice and quick... Location & Trigger = Proof...  Management/RR = Sensible

and I thank you for doing so and using this Forum in general, I was staring to wonder who I built it for 

I have never done much to promote the site or anything but there are over 500 shy members here it seems.

Thanks for your continuing contribution to the Forum Ted and congrats on your understanding of what I feel is a very simple and safe way to Trade. The summary remains "Location, Trigger, Risk:Reward and Management" and does not change through any level of membership here at EFX. Free Membership provides you with enough to Trade profitably as you have discovered. The paid membership levels just provide software and support to make life easier and trading more hands free, as well as further your understanding of "Location, Trigger, Risk:Reward and Management". I call this an evidence based approach because I see no point in anything other than joining in with the herd once they show you the way. It is not flawless and there will always be losers here and there but that is just part of the job.

Hi Stonecold69,

I notice you have just upgraded to v1 so welcome aboard and anything you need just ask. I think it is important to address your statement of the timeless charting vs candlesticks.

When I think about what I am doing as a Trader it always breaks down to a 3 step process:

1. The Location that you are looking to trade along with the overlying Market Structure that has occurred before Price reached it.

2. An Entry Trigger, or proof, that said Location is active and you are not alone.

3. Making sure that your Target respects your Risk:Reward requirements and there are not too many 'obstacles' in the way.

This 3 step process can be seen and implemented on Candlesticks and/or timeless charting techniques. I have found that the timeless charting approach makes things easier/cleaner for people to read and also easier/cleaner for me to explain. Once the concepts are understood though it ends up being a personal choice and you can even trade a mix of the two, a sort of Hybrid layout.

It seems that you are not new to trading so you will be able to move along reasonably fast but try not to rush things. You must reach a point when trading where you simply react to everything and are not required to 'think' about it. If you have a complete trading plan then you just react and follow your plan, any thinking should have been done as you created a plan that deals with any situation that arises.

Don't worry about there only being 1 VIP seat left as we do have some planned software upgrades almost complete which should allow me to add a few more this Winter. Take this time to get comfortable and consistently profitable, then if you want to you can come and join us in the Live Room and access all the Set and Forget tools to turn this in to a 'few minutes per day' job.

Best,

Theo

ccaspers said Thanks Ted for posting. It's great to see the results. I'm still trying to set up the VIP charts, as I just got the membership this past weekend. I think that due to the changes going on with the course, I'm having some difficulty with the manual. I'll send my question to support when I get home from work tonight. I work Mon-Thurs on 12 hour days with 3 day weekends. This schedule is for the summer, after which I go to a 5 day work week. Anyway, chat soon and thanks again for posting.    

There are always growing pains for new VIP members, between all the progressions, live room, VPS, and tools for automation it is a lot to take in, and a lot for me to try and document also. This is why I love the live room, it gives me a place to communicate in real time and share screens to speed up the learning curve. That said; since I am on holiday right now I hope I have managed to get you caught up via email this past week and thanks for posting in here with the other members. 

A big thanks again to Ted for his coninuing results and experience on his EFX style Forex journey.

Theo