Forexmentor Forex Profits With MACD with Frank Paul

A Practical Guide to Understanding and Applying the MACD Indicator for Forex Trading

The MACD indicator is unparalleled in its versatility, reliability, and predictive power for trading the Forex. This is why MACD is a one of my favorite tools in the world of Forex trading.

When analyzed with the other core components of my trading system – support/resistance, trendlines, moving averages, and pivots – MACD provides the Forex trader with tremendous insight into forex market dynamics.

To help you attain an expert-level mastery of this powerful indicator, Forexmentor has developed a comprehensive video course focused specifically on MACD and its basic and advanced applications to the world of Forex trading.

Designed to both build on and expand the concepts in my home study course, “Forex Profits with MACD” will appeal to all experience levels from novice to season veteran.

The “Forex Profits with MACD” course is developed and hosted by long-standing Forexmentor member and AM Review contributor Frank Paul,. Frank has done a masterful job in researching MACD from every angle imaginable. You be completely amazed by the depth of knowledge Frank has on this topic.

Frank effortlessly blends both the theory every trader must know, with practical trading strategies you can use right away regardless of your personal trading style.

Simply put, when done with the course you will know more about one of technical analysis’ most powerful indictors better than 98% of your trading competition.

You’ll get in this comprehensive course dozens upon dozens of individual examples on every timeframe from weekly to 5 minute charts:
How to identify MACD crossovers as reversal setup signals
How to distinguish between valid and ‘fakeout’ signals
How to use MACD crossovers to identify counter-trend setups and trade their resolution
How to use divergence signals on both MACD and its histogram to spot potential reversal setups
How to determine when and why divergence signals sometimes do not produce valid reversals
How to use the MACD Trend Cycle concept to monitor your open positions
How to work with MACD neutralization signals to confirm trend continuation setups
How to use MACD crossovers to confirm chart reversal patterns
How to use MACD as a core component of Multiple Timeframe analysis
…and much more!

“FOREX PROFITS WITH MACD”

DETAILED COURSE CONTENT

(over 6 hours running time)

Module I

* Introduction
* Why MACD?
* Course format
* Content overview
* Key trading principles
* Footnote – nomenclature

Module II

* What is a MACD crossover? (Example 1 – bullish)
* What is a MACD crossover? (Example 2 – bearish)
* Three types of MACD crossover
* ‘Weak’ and ‘strong’ crossovers
* Application #1: Anticipating MA crossovers
* MACD crossover with Guppy ‘bowtie’
* Application #2: Validating chart reversal patterns
* 123 bottom with MACD crossover
* Application #3: Validating reversal candle patterns
* MACD crossover with reversal candle (hammer)
* Application #4: Confirming strategic support/resistance
* MACD crossover confirming Trend Channel support/resistance
* Application #5: Validating trendline breaks on price
* MACD crossover with TDTL analysis – USD/CAD
* Application #6: Confirming completion of prior price projections
* MACD crossover confirmation example
* Application #7: Corroborating readings on other indicators
* MACD crossover corroboration example
* Application #8: Drawing trendlines on MACD
* MACD trendline break corroborating price trendline break
* Module recap/conclusions

Module III

* What is a ‘counter-trend pullback’?
* What MACD does in a pullback
* What a counter-trend pullback looks like
* Technique #1: Spotting pullbacks with multiple timeframe analysis
* Daily and 180m chart example side-by-side
* Technique #2: Spotting pullback with Moving Average analysis
* Spotting pullbacks with two MACD settings
* Example using two MACD panels to spot pullbacks
* Trading the resolution of a pullback
* Trading pullbacks with MACD continuation crossovers
* Trading pullbacks with validated trendline breaks
* Trading pullbacks with an EMA crossover on the same timeframe
* Trading pullbacks with low level signal confluence
* Module recap/conclusions

Module IV

* What is divergence?
* Step 1: Find ‘swing points’ on MACD and/or the histogram
* Step 2: Draw trendlines on MACD
* Ascending tops and bottoms on MACD
* Step 3: Draw trendlines on price
* Connecting swing points on MACD and price to signal divergences
* Slant vs. peak-to-peak divergence
* What is positive divergence?
* Standard positive divergence
* Inverted positive divergence
* What is negative divergence?
* Standard negative divergence
* Inverted negative divergence
* Why divergence sometimes doesn’t work
* Entry strategies that can be used with divergence
* Entry strategy #1: First higher/lower close beyond second swing point
* Entry strategy #2: Flip of histogram to opposite side of the Waterline
* Entry strategy #3: Trendline break on a lower timeframe
* Entry strategy #4: Moving average crossover on a lower timeframe
* Entry strategy #5: Signal confluence on a lower timeframe – part A (60m chart)
* Entry strategy #5 (cont’d): Part B – 15m chart
* Module recap/conclusions

Module V

* MACD Trend Cycle – introduction
* Preface – sample chart setup
* Event #1: MACD crosses the Trigger line
* Chart example
* Event #2: MACD attains Angle & Separation
* Chart example
* Event #3: MACD crosses the Waterline
* Chart example
* Drill-down to 180m chart to find the dip
* Event #4: MACD clears the histogram
* Chart example
* Event #5: Histogram forms divergence to MACD
* Chart example
* Event #6: MACD crosses over in reverse direction
* Chart example
* Module recap/conclusions

Module VI

* What is MACD neutralization?
* What MACD neutralization looks like – DOWN move on price (part 1)
* What MACD neutralization looks like – DOWN move on price (part 2)
* MACD neutralization after a down move
* What MACD neutralization looks like – UP move on price (part 1)
* What MACD neutralization looks like – UP move on price (part 2)
* MACD neutralization after an up move
* Trend continuations vs. reversals
* Continuation/reversal patterns
* Using trendline analysis with ABC patterns
* ABC up with trendline break
* Using other indicators with neutralization
* RSI and SMI indicators with MACD neutralization
* Using trend analysis (EMAs) with neutralization
* Higher level trend analysis (EMAs)
* The Leg 1/Leg 2 paradigm
* Reading the Leg 1/Leg 2 paradigm with MACD
* Module recap/conclusions

Module VII

* Standard 123 bottom pattern
* Sloppy 123 bottom pattern
* Standard 123 top pattern
* Sloppy 123 top pattern
* Primary uses of MACD with 123 tops/bottoms
* Standard 123 top: Identify #1 position with MACD crossovers
* Standard 123 top: Identify #2 position with MACD crossovers
* Standard 123 top: Identify #3 position with MACD crossovers
* Trading strategy options: standard 123 top
* Drilling down to scalp the action on 123 positions – 3hr chart
* Standard 123 bottom: Identify #3 position with histogram waves
* Sloppy 123 bottom: Identify #3 position with MACD divergence
* Module recap/conclusions

Module VIII

* Top Down Example #1 – USD/CHF, August 3 rd, 2007
o Indicators used
o Weekly chart
o Daily chart
o 240m chart
o 120m chart
o 60m chart
o 15m chart
o 5m chart
o Aftermath: 228 pips, 11.4 reward/risk ratio
* Top Down Example #2 – EUR/JPY, July 24 th, 2007
o Indicators used
o COT chart and USD/JPY reference
o Weekly chart
o Daily chart
o 240m chart
o 120m chart
o 60m chart
o 15m chart
o 5m chart
o Aftermath: 69 pips, 3.0 reward/risk ratio
* Top Down Example #3 – USD/CAD, August 1 st, 2007
o Indicators used
o Weekly chart
o Daily chart
o 240m chart
o 120m chart
o 60m chart
o 15m chart
o 5m chart
o Aftermath: 148 pips, 9.9 reward/risk ratio
* Module recap/conclusions

3 CD or 1 DVD version Retail at $299 Online Version Retail at $149

Big money on the forex is often made on major trend reversals.

An astute trader’s able to accurately predict the imminent tops and bottoms of his/her favorite currency pair… and patiently wait to cash in.

Pattern traders often refer to reversal patterns as “leading indicators”.

As a a professional discretionary trader, Chris Lori takes the majority of his Forex trades using these pattern methods.

Here’s a List of Reversal Patterns we will cover:

Pattern #1. “Triple B” Reversal – This is one of Chris’ own discoveries. It is a unique formation that occurs following a steady trend. It is a true indication of overbought/oversold, because it is distinctly reflected in PRICE ACTION (not an indicator) and uses Fibonacci applications to find low risk entries

Pattern #2. The “Rip Tide” Reversal – One of his favorites, because it can pay quickly, Chris and his former fund manager partner discovered this one trading GBP. It considers specific previous dealing points and Fibs while combining daily range and volatility to pick the entries.

Pattern #3. Head and Shoulders – Now we know everyone in trading knows this one AFTER THE FACT. The key to trading this pattern is to get in at the tip of the right shoulder and take some profit BEFORE the neckline, while keeping some for the follow through. Chris shows you distinct characteristics to look for to find your ideal entry at the height of the right shoulder.

Pattern #4. Lori P38 Reversal – This pattern is found in unique key reversal scenarios and is less common. Following a key reversal move, this pattern gets you into the second leg, which is often a substantial move.

Pattern #5. The Gartley Pattern – This is an age old Fibonacci based pattern that can present itself in many forms. This pattern can seem very complicated or difficult to find, Chris simplifies it and shows you exactly what to look for using key visual aspects involving Fibonacci retracement and extension levels, along with range, in some cases. As there are many variations of this pattern, Chris makes this pattern simple.

Pattern #6. The Butterfly Pattern – Discovered by Larry Pesavento, this is a more advanced high probability false breakout pattern that Chris has added to the course for those who have the interest to diversify their pattern trading opportunities. It is probably one of the most profitable patterns in trading.

CD version retail at $279 Online version retail at$199

SIMPLE STRATEGIES TO TRADE THE FOREX SUCCESSFULLY…
WHILE KEEPING YOUR DAY JOB!

Something else you should know about Alan is that he loves to teach! Alan really enjoys helping fellow traders succeed. As most of you know, Alan recently wrote an article on his system and shared it with the Forexmentor family. The feedback was simply overwhelming! We received many emails from traders wanting to know more about Alan’s system.

It turns out that many of you are in Alan’s situation. You simply cannot watch the market all day long but still want to profit from the Forex. Many asked if Alan could create a video course so that others would benefit from his system and his research.

Alan accepted the challenge and after 3 months, he and the Forexmentor team finally put the finishing touches to this long awaited course. It is now available immediately to all Forexmentor members.

So to summarize, Alan’s Daily 3 Stochastic Position Trading system is a set of highly visual trading strategies that take only a few minutes a day to implement. You can quickly scan the currency pairs, perform the necessary trade management and get on with your life! You do not have to be an advanced trader to put these strategies to work. In fact, traders of any skill level can learn this simple system in matter of a few hours.

To make it even easier, Alan has agreed to publish bonus video examples to show you how he applies these concepts in real market conditions. These videos will be available to all course purchasers on a regular basis. Thanks Alan!

By the way… Alan assures me that you will not require expensive software or charts to learn and apply this Position Trading System. The tools and charting software required to implement these strategies are readily available on the internet at no cost. Alan has numerous video tutorials that will show you step-by-step how to setup and use these tools and implement the system in matter of hours! (See samples below)

So here’s what you will learn in this comprehensive course…

To see trade setups at first glance of a chart
Take only a few minutes a day to use this system
Learn how to use Multiple Moving Averages in position trading
A quick way to use the Daily chart with the weekly chart
Know when to stay out of high risk trades
Know when price action is likely to change directions
Step by step advanced chart setup
A trade step guide to help you nail good trades
Learn how to spot a trending or non trending market at first glance
Detailed Advanced application of the Daily 3 Stochastic System
2 hours+ of video instruction
Bonus: a 25 page implementation guide

FULL COURSE CONTENT
1. A Working Man’s Introduction (5:56)
2. Daily 3 Stochastic System Introduction (3:31)
3. Charts and templates (6:20)
4. Chart Setup 89, 144, 200 EMAs (4:00)
5. Chart Setup GMMAs (6:49)
6. Chart Setup Stochastic Oscillator (4:23)
7. Chart Setup SMI Daily, Weekly (7:02)
8. Chart Setup RSI, MACD (6:54)
9. What is Angle and Separation (4:34)
10. Guppy Multiple Moving Average (6:35)
11. GMMA Trending Non Trending Market (6:24)
12. The 89, 144, and 200 EMAs (3:36)
13. The Stochastic Oscillator (6:36)
14. Stochastic Momentum Index (4:41)
15. SMI Daily and SMI Weekly (4:27)
16. Overbought Oversold SMI Levels (2:04)
17. Confirming Indicators RSI, MACD (2:37)
18. Exit Signals (4:15)
19. System Rules and Trade Steps (5:20)
20. Example Trade Using The Guide (4:31)
21. Test One (2:00)
22. Test Two (2:11)
23. Test Three (1:12)
24. Test Four (2:27)
25. Test Five (2:20)
26. Final Word (2:12)

Total: 112 Minutes

2 CD Version$247, Online Version $197

Forexmentor 2009’s Fast Track Forex DVD by Frank Paul

A STEP-BY-STEP COMPRENSIVE VIDEO GUIDE THAT TAKES
YOU THROUGH THE ESSENTIAL ELEMENTS OF FOREX TRADING

Most newcomers to Forex marvel at the potential of being able to participate in the world’s largest business – presently valued at over $3 trillion in transaction per day!

Yet the learning process required to become a Forex trader for many can be a daunting task. The lack of a structured approach to learning the foundational elements of Forex trading often leaves many traders feeling confused and lacking the confidence needed achieve trading success.

To help address this, the Forexmentor team has developed a brand new video course that is designed to cut through the clutter of trading jargon and to equip you with a solid foundation for trading the Forex.

The Fast Track to Forex course is hosted by one of our leading mentors – Frank Paul. A full-time trader himself, Frank is instrumental in helping hundreds of Forexmentor members understand difficult trading concepts. Frank was responsible for the hugely popular Forex Profits with MACD course and more recently Forex Profits with COT (Commitments of Traders) weekly analysis service.

Frank’s known for presenting bewildering topics in a plain-spoken way that does not intimidate even those brand-new to the game. A logically sequenced progression through all the core concepts, clearly explained and richly illustrated, will make this not only a great way to immerse yourself in the field but also a practical reference going forward.

Here’s just a random selection of some of the many valuable insights you will gain from Frank’s presentation:
How Currencies are Quoted (Module 1): In the Forex, all currencies are bought and sold in pairs, the first currency being the “Base”, the second the “Quote”. Learn how the relationship between the Base and Quote affects the total value of your transaction.
Contract Sizing (Module 1): Contract sizing refers to the total amount of currency you wish to control to facilitate your per-order profit objective. Learn how you can maximize your profit potential for each trade by utilizing a larger number of small lots for a given level of risk.
Account Equity and Margin (Module 2): The maximum amount of currency you can control is directly dependent on how much money you have in your account times the leverage you specify to your broker. Learn the ‘cardinal rule’ of risk management.
Trade Readiness (Module 2): Everybody has a different learning curve – it’s helpful to focus on what you need to be successful, not what somebody else needs. Learn how to create benchmarks of success to be attained in your demo account before going ‘live’.
Pros & Cons of the “Fundies” (Module 3): Fundamental Analysis has a useful role to play for the strategic minded trader, but it must be approached in a judicious fashion. Discover the strengths and potential pitfalls of Fundamental Analysis and how to apply it to your trading approach.
Maximizing Interest Rate Differentials: The Carry Trade (Module 3): A ‘Carry Trade’ is a currency pair where there is a substantial gap in the interest rates of the two countries paired. Find out how the nuts and bolts of the Carry Trade works and how to play both sides of the market to earn interest on your trade.
Overview of Technical Analysis Tools (Module 4): There are five basic categories of technical analysis indicators, each of which has slightly different uses and strengths – here you’ll find out what those are and how to put them to advantage within your own trading approach.
Chart Pattern Basics (Module 4): Did you know that there are two basic types of Chart Patterns – so called ‘Continuation’ patterns and ‘Reversal’ patterns? Learn about the most popular varieties of each and gain some valuable insights on how to trade them.
Trading Styles Simplified (Module 5): Size of profit target, time in the trade, and per-trade risk are the three variables which define and overall trading approach. Here we discuss how those and related variables differ with respect to four common trading styles: position trading, swing trading, day trading, and scalping.
Popular Trading Strategies (Module 5): Once you have a trading style that suits your personal situation, the next step is to consider one or more common trading strategies. Here we learn the setup and basic trading rules of seven of the most popular, including: Rangebound, Breakout, Trend, Pivots, Patterns, Divergence, and Elliott Wave.

SUMMARY OF COURSE CONTENT

FAST TRACK TO FOREX
- Everything You Need to Know to Start Trading the Forex -

Module 1: Forex Market Overview
1. Welcome Aboard
2. A Brief Rundown
3. What is Forex Anyway
4. What Forex Can Do For You
5. Size & Scope of Forex
6. Daily Global Turnover
7. Trading Centers Around the Clock
8. Who Participates in this Market
9. The Interbank Market
10. The Role of the Broker
11. How Currencies Are Quoted
12. The Currency Majors
13. What’s a Pip
14. How Profits Are Made in Forex
15. Bid, Ask & Spread
16. Order Execution Types
17. Market Order Example
18. Entry Order Example
19. Contract Sizing
20. Margin & Leverage
21. Rollover & Interest
22. Recap

Module 2: What You Need to Trade the Forex
1. What You Need to Trade the Forex
2. Your Trading Workstation
3. Multiple Monitors
4. Single Monitor
5. Selecting a Broker
6. Selecting a Charting Package
7. Recommended Charting Platforms
8. Daily Trading Log
9. Power of Planning
10. Monitoring Your Progress
11. Trade Readiness
12. Funding a Live Account
13. What’s Your Trading Style?
14. Furthering Your Forex Education
15. Working with a Mentor
16. Recap

Module 3: Introduction to Fundamental Analysis
1. Fundamental Analysis Defined
2. Standard Economic Indicators
3. Price Drivers
4. Pros & Cons of the “Fundies”
5. Inflationary Scenario
6. Deflationary Scenario
7. Central Banks
8. Key Players
9. Interest Rate Announcements
10. Rate Differentials & the Carry Trade
11. How the Carry Trade Works?
12. Contrarian Analysis
13. Fundamentals Not Reported in the Mainstream 14. Media
15. News that Matters, News that Doesn’t
16. How Economic Data is Usually Reported
17. Using a News Calendar
18. News Formats
19. News Calendars
20. Sample of News Calendars (Daily FX)
21. Sample of News Calendars (Forex Factory)
22. Staying On Top of News
23. Trading the News
24. Non-Farm Payroll (NFP) Trading Example
25. Recap

Module 4: Introduction to Technical Analysis
1. Technical Analysis Defined
2. Bar & Candlestick Basics
3. How Bars and Candles Compare
4. What Bars and Candles Look Like On a Chart
5. What’s in a Chart (Price and Time)
6. Overview of Technical Analysis Tools
7. Moving Averages and MACD
8. Moving Averages and MACD Examples
9. Oscillators Explained
10. Using Other Indicators
11. Trading Chart Patterns
12. Using Pivot Levels
13. Using Oscillators
14. The Stochastics Momentum Indicator
15. Volatility Indicators
16. Bollinger Bands
17. Chart Pattern Bascis
18. Common Reversal Patterns
19. Double Top and Head and Shoulders
20. Common Continuation Patterns
21. Flags and Pennants
22. Elliott Wave Theory Overview
23. Sample Elliot Wave Count
24. Fibonacci Basics
25. Elliot Wave and Fibonacci Working Together
26. Recap

Module 5: Find Your Winning Edge
1. Trading Styles Defined
2. Position Trading Defined
3. Position Trading Example
4. Swing Trading Defined
5. Swing Trading Example
6. Day Trading Defined
7. Day Trading Example
8. Scalping Defined
9. Scalping Example
10. Popular Trading Strategies
11. Trading a Rangebound Market
12. Rangebound Trading Example
13. Breakout Trading Defined
14. Breakout Trading Example
15. Trading with the Trend
16. Trend Trading Example
17. How to Trade with Pivots
18. Pivot Trading Example
19. Trading Chart Patterns
20. Trading Chart Patterns Example
21. How to Trade Divergence
22. Divergence Trading Example
23. Trading Elliot Wave
24. Elliot Wave Trading Example
25. Putting it Together
26. Recap
DVD version retail at $179 online version retail at $99

Introduction to Trading Forex Seminar on CD by Jeff Drake. retail at $149

This new seminar will empower you with the information you need to trade the Forex with OmniTrader*. Discover why the Forex is so hot and how people are making money trading it. You will also learn about the mechanics of Forex trading, including the nuances of commissions and other factors. In addition to showing you how to set up OmniTrader to trade the Forex, it offers a great introduction to the art of trading foreign exchange. You need the  OmniTrader to catch Forex Wave!

This seminar covers:

* Introduction to the Forex
* Understanding Currency Pairs
* Understanding Forex Quotes
* The Major Forex Contracts
* The Global Currency Market
* Using OmniTrader to Trade the Forex