**Click Here To Watch Introduction Webinar From Tuesday, September 21, 2010**
Within the Slumdog Forex VIP Premium Area, you will have access to weekly online training on how to place forex trades within the live market in real time. In our weekly videos and reports, we will offer you over-the-shoulder instruction on how to analyze current trends within the market and take you by the hand to guide you step by step on how to place successful trades within the forex market today.
Below, is a directory of all of our VIP training videos, from the most recent tutorial to our earliest tutorials.
|Go back to Video Categories > VIP Live Videos|
Wednesday, January 5, 2011
*Technical Difficulty w/ Video* The video becomes stuck during most of the webinar, but the audio can still be clearly heard.
In this webinar, you will hear an explanation about the huge overnight weakening of the Euro in comparison to the US dollar during most of the London session and the US Market open. Since the beginning of the Asian session, there has been a 200 pip slide in the Euro. There are still huge worries about the health of the Eurozone peripheral nations and the sovereign debt crisis, which resulted in the bearish market movement in favor of the greenback. The better than expected US ADP Non-Farm Employment Change Survey, for the month of December, showed that job creation was at 297K, which was much better than the estimated 101K jobs predicted by the analysts. The ISM Non-Manufacturing PMI was also released for the services sector and it leaped to 57.1, which was greater than the forecasted 55.6 consensus. This news resulted in the Euro breaking to a new week low of 1.31257, which is now our new support level.
Monday, December 13, 2010
Here are a series of screen captures of this morning's trading. During this trading session, I demonstrate how to use the faster moving average lines as the "track" for the SL line to move along. This adjustment to the strategy can be utilized when trading volume is lower than normal, and when the rate is moving sideways, or oscillating between a small range of pips. I talk about the pros and cons of using the faster moving average lines as well. I finished my trading day with a 10.30% gain.
Thursday, October 14, 2010
Today I started trading with a small amount of real money ($150) to demonstrate how it's possible to turn that small amount of money into something outrageous. Previously, I was just trading with a practice account, and I was able to double the starting balance within 20 trading days (days that I actually traded).
In these videos, I introduce a revised projection chart that is very similar to the original. The only difference is how I've broken up the daily target projections. For my personal trading purposes, I've created 4 columns for 4 different trading times (Euopean Session, (2) for the U.S. Session, and the Asian Session). My daily goal is 8%, focusing on 2% gains during each session that I trade. Obviously, if this is accomplished, the final percentage for the day will be greater than 8%.
I will make this type of projection chart available to download shortly. However, this is optional, and you don't have to use it.
In terms of my trading day, it started off shakey during the European Session. There was a lot of sideways movement, primarily due to the bullish move in favor of the Euro during the Asian Session. I actually stopped trading with a loss of 1.95%.
I began to trade again after the opening bell for the U.S. markets and was able to finish my morning trading with a total balance gain of 5% so far. The attached "morning trading" videos show how I was able to accomplish this.
Tuesday, September 28, 2010
This morning, I made a classic mistake of mentally being locked in to what I thought the EURUSD pair should do, based on my own faulty interpretation of fundamentals.
The U.S. CB Consumer Confidence data was released, showing a drop in consumer confidence to 48.5. The forecasted number was 52.5, and the previous report/data from August 31 was 53.2.
Since the data released this morning was lower than the forecasted number, as well as the previous month's number, I was mentally "locked in" to believing that this would be terrible news for U.S. equities, mainly reflected in what would happen with the DOW (Dow Jones Industrial Average). I was correct... only temporarily!
Before the Consumer Confidence numbers were released, the DOW had already fallen 46.74 points at 9:46 AM EDT from the opening price. When the data was released, the DOW fell another 25.5 points at 10:02 AM EDT. This substantial drop, in reaction to the data, created a mental barricade for myself, where I was just looking for all indicators on the 1M, as well as the 5M charts, to show a short entry point. Unfortunately, this never happened.
Apparently, investors did not see the drop in Consumer Confidence being drastic enough to discontinue the current bullish market, especially when confidence is already low in regards to the U.S. economy. So, no "new news" meant a continuation of the bullish trend with the DOW.
Since October 2009, there has been an inverse correlation between the DOW and the USD. When the DOW is down, the dollar is up... when the DOW is up, the dollar is down.
The DOW price began to retrace and eventually broke above the opening price. Because of this, the USD weakened simultaneously, allowing the Euro to set a new high since April 16.
I totally missed out on an opportunity to make substantial gains due to preconceived ideas about what I thought would happen this morning.
Lesson for the day: Remain fluid in your perception of the markets. Be reactionary instead of stuck on personal assessments.
You may view the video from this morning to understand my thought process and see where I could have entered a long position, but ultimately let that window of opportunity pass me by.
Hopefully this is evidence, as well as beneficial for you to understand that we should always TRADE WHAT WE SEE, AND NOT WHAT WE THINK! Even I fell into this deceptive trap this morning!
I was able to make a small 2.19% gain in the afternoon. Volume had tremendously decreased, so price movement was virtually sideways.
Thursday, September 23, 2010
This video shows a pre-mature long position entry at 12:32 GMT @ 1.33358, and eventual loss of over 3% when the rate hit my SL line @ 1.33246, all occuring a few minutes after the Unemployment Claims data was released. I re-entered with a long position at 12:38 GMT @ 1.33357, and the rate hit my stop loss line at 12:54, @ 1.33401 for a gain of a little over 1%. After the 1M stochastic pulled back down below 50.00, I re-entered with a long position at 12:55 GMT, @ 1.33448, and manually closed this position at 13:13 @ 1.33756, finishing the morning with a total gain of 6.56%.
Within the video, I talk about how weekly pivot points have come into play, as well as 1-Day chart fibonacci levels. I also share why I felt the strengthening of the morning would probably be short-lived because of the correlation between the RSI and Stochastic indicators on the 15M chart.
Tuesday, September 21, 2010
This is a recording of the Q&A webinar session held on Tuesday, September 21, 2010.
Thursday, September 2, 2010
With the breaking of the resistance line on the 1H chart, as expected, there was a pretty good run yesterday morning. Since then, the price/rate action has done what I thought it would do - range/moving sideways. This period of consolidation continued, even 24 hours later. Because of this, trading can be difficult. With Unemployment Claims data being just a little bit below what was forecasted, and pending home sales being much better than anticipated, there was definitely indicisiveness in the market for a while. Eventually, after the 9:00 Home sales data was released, I was able to enter a couple of trades for profit.
Overall, I finished the morning with a 5.91% gain.
Wednesday, September 1, 2010
Watch these videos to see me make a total gain of 5.08% for the day. I traded in the early morning, between 1-3 AM, making 3.03%. I made the rest after 9:00 AM, when the ISM Manufacturing PMI data was released.
Tuesday, August 31, 2010
The first video is a brief pre-trade analysis of what transpired in the hours prior to trading.
The second video show multiple transactions, eventually totaling to a 3.49% gain.
Monday, August 30, 2010
Here is a video explaining how to use the new Hourly Goal Template.
You can download the Hourly Goal Projection Template at the link below:
Click Here To Download Hourly Goal Projection Template
Monday, August 23, 2010
Here's a short video where I discuss a few candlestick patterns that traders should be cognizant of, as they indicate potential trend changes.
Friday, August 6, 2010
After the data for the Non-Farm Employment Change and Unemployment Rate was released at 7:30 AM, there was strong movement in favor of the Euro immediately. I remained on the sidelines until 7:39 AM, when I placed a limit buy order that was triggered @1.32209. But that order was quickly stopped @1.32147. I then placed a market buy order @ 1.32164 and the rate eventually hit my TP line @ 1.32416. After the rate broke through the 1-Hour R1 pivot point, I placed a limit sell order beneath the line that was triggered @1.32408. I quickly closed the order manually @ 1.32376. My total gain for the day was 6.33%.
Wednesday, August 4, 2010
The ISM Manufacturing data was released at 9:00 AM. But I attempted to pick up a few pips before then. Unfortunately, trader volume was low and there was not a lot of movement with the rate, which pretty much ranged within a window of about 10 pips from nearly 7:45-9:00 AM. I lost as much as 3.29% during this time, but gained some back to finish with a loss of 2.10% before 9:00 AM.
After ISM Manufacturing data was released, the rate began to trickle down and broke through support that was created on the 1M chart. I entered a short position @1.32075 and closed it @1.31814 for a gain of roughly 7.71%.
So I finished the trading day with a total gain of 5.45%. The lesson for the day is to stay away from trading during little volume, because many traders and banking institutions are "sitting on the sidelines" in anticipation of the major news release and data.
Tuesday, August 3, 2010
I was able to jump in and make a quick gain of 3.06% before the NY markets opened (Shown in video). I was not able to trade after the Pending Home Sales data was released at 9:00 AM. I did a bit of evening trading to pick up just a small number of pips. I ended the day with a total gain of 3.89%. I didn't meet my goal of 5%, but nonetheless, it was a gain.
Monday, August 2, 2010
There was low volume, high volatility in the hours prior to 7:00 AM CST. A Buy Market Order was placed @ 1.30744 at 6:57:31 AM. The rate hit my Stop Loss line @ 1.30665, for a loss of $20.81 at 7:04:08. I noticed a "head & shoulders" pattern being developed on the 1M Chart (more definitive on the 10 Second chart), signaling a potential trend change. I opened another Buy Market order @ 1.30695 at 7:09:56, and I manually closed the trade @ 1.30840 at 7:28:00, for a profit of $41.56. The rate was then near a resistance line, so I opened a Sell Market order @ 1.30846 at 7:28:21, and closed the trade @ 8:29:19 for a profit of only $0.86. After retrace and test of 4-Hour R1 Pivot Point, the rate began to bounce back, so I entered a Buy Market order @ 1.30873 at 7:40:00 and the rate hit my Take Profit line @ 1.30980 at 7:41:00 for a profit of $30.67. Trading day ended with an overall profit of $52.28, a 5.23 % gain.
Thursday, July 8, 2010
These live trades were done on Thursday, July 8, 2010.
Wednesday, July 7, 2010
This live trade was done on Wednesday, July 7, 2010.
Tuesday, July 6, 2010
These live trades were done on Tuesday, July 6, 2010.
Friday, July 2, 2010
This is a live trade done on Friday, July 2, 2010 at 7:01 AM.
Thursday, July 1, 2010
This live trade was done on Thursday, July 1, 2010.