January 15th, 2008
Jump Start Discussion
Written by
Kirk |
53 Comments
Topics: Trading Strategies
We’ve created this page to start a discussion about our free online forex trading course–Jump Start. If you haven’t created your free account yet, you might want to sign up now. Click on the link in the previous sentence or the big blue button at the left. Possible topics to comment on:
- What successes have you had using this strategy?
- What videos are the most helpful?
- Were there any videos that you didn’t understand?
- Were there any concepts that were confusing? (We want to clarify)
- What would you add to this course, if anything?
- What would you leave out from this course, if anything?
- Are there any other topics that you need help with?
- How often are you using this strategy?
- How many trades are you making per day?
- Have you used this system on a live account?
- What’s your ratio of positive trades to negative trades using this strategy?
We’re looking forward to reading your comments. We will be reading them all.
Tags: Jump Start
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53 Responses to “Jump Start Discussion”
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I just want to thank you for this strategy course. It is helping me a whole lot to recognize trading signals and opportunities. I heard you mention several times that there is another program where you give more indicators that can allow you to stay longer in a trade. I am interested in learning this program and would appreciate if you can send me the information. Sincerely Arthur McCammon
I must say, it seems to me that the term,” The simpler, the better”, certainly apply here. Most of the times me myself tried to make use of to many others signals at one time. I am definitely going to demo only on what i have learned from these video’s, and let you know. Thanks again for your help. I believe i am not the only grateful person who want to thank you. Enjoy your trading. Koos Wolmarans
What is the S/L for Jump Start Strategies? The T/P for Jump Start Strategies is 5 pips for 5 minutes chart? The 5 pips included spread or not?
Hi Jed, I think your strategy work well. I think it’s great. But I have 2 things that is still bothering me : 1. Stoploss : In the video you said that the stoploss should be place at the recent high/low. The problem is quite often the stoploss is 30-50 pips while we are aiming to get 5-20 pips profit (regarding the time frame). SO the profit:loss ratio is 1:2 to 1:3. So, 1 time loss must be paid with 2-3 times profit. I don’t think that this is good, unless this strategy has a minimum of 80% winning ratio. Well, what is your opinion? 2.Waiting for signal: I analyze my chart and found that the entry signal’s occurance can’t be predict. It can be in the morning, night, or even when I sleep. So how to deal with this so that I can do my intraday trading? Thank you so much. Regards, Ronald
First I would like to thank for the free course video it is very helpful for a beginer like me.I noticed that advance lesson available.pls send me info about it.thanks.And by the way,One very important technical question,The indicator setup for the jump start strategy for the 1st moving Average is period 3 and 2nd moving Average is Period 5 then shift 3.What does it means, Does 3 and 5 represent days or Hours?what is shift 0 and shift3 and what is the function.I look forward your coaching and many thanks for reading.
I have been using this system for a week. By using this system, my account grew from $149 to 390 within a couple of days. This is a very good trading system.
Excellent videos!! Awaiting for great strategy. I hope you price it right,
Hello Jed,I have been lucky enough to came across your video instruction.it is easy to use and not complicated.Although it need a minimum degree of discretion,But if you spend enough time to practice,you won\’t be disappointed by the result.
I have found the tips and posts very helpful in deciphering the moves currencies make during the day. I look forward to the future for even greater help in taking advantage of the opportunities in the forex market.
I have learned more from these techniques and trading signals than I have from all the free info and expensive courses put together. I finally have confidence in my trades by just trusting the signals and doing what you teach. My account is growing faster than I expected. I cant say thank you enough.
I am very impressed with how simple this strategy is. However you only mentioned the exit strategy in profit for this system. What is the stop loss strategy for getting out of the trade if it goes against you? Regards, Francisco
I really appreciate the fact that you’ve spent so much time providing us with so many training videos especially when you’ve offered FREE the Jumpstart Strategy! I’ve bought numerous other strategies and none of the creators provide the kind of training you have provided although they charge for their software. thank you indeed for caring so much.
Thanks for your input about The Jump Strat Trading Strategy. We will be having a launch of our other strategies in a few weeks. You should be getting that information. In reference to your question about the moving averages. The 3 and 5 represent the number of time periods the moving average is taking into the calculations to draw the line. It is based on periods of time so it will work on any time frame. The 0 and 3 represent the number of time periods the moving average is shifted. There is no shift on the 0 and a 3 period shift on the second moving average. You can test this out by putting the 5 sma on with 0 shift. This will show you the difference. We have worked with these moving averages for along time until we found this setting which works best for our trading style. Hope this answers your question Jed
I like the idea of simple KISS , trade with the trend always, using a longer time frame to determine the trend on a shorter time frame, plus only 2 indicators both needing to be in agreement. loved the videos. thanks, PAUL
I was impressed that you have allot of good information on your site without the high glossy fancy stuff and you get right to the point. I see allot of systems as a professional in forex business many of which have so many indicators and tools that it gets so complicated and confusing. The simplicity is what I like about this. Great Job.
I would like to appreciate your kind efforts, I saw some of your strategy videos and really got some usefull information about trading in forex. Koop on good working!
This is a good point. We do cover this in later material. The main reason for the strategy is to get traders comfortable with entering and exiting the market. This is just a basic overview of the foundation we are laying.
Thank you for this great material. I have been trading for 3 years and buying a lot of trading strategies but nothing is so easy to follow. But this material really help me a lot with my trading, even better then what I have now.
The Jumpstart has been the most successful system I\’ve used to date. You back your system with intense over and over trainng and videos.
This is what I have been looking for! Nothing before was explained better than your website. I picked up more information on just a couple of your videos than I have reading an entire book! I thought I was a good trader….Now I can say I am a BETTER trader! Thanks Guys!
this trading program is kiss in simplicity. anyone with or without trading experience in the forex market will be truly suprised by the Jump Start program and pleasently suprised at their results using this program. i would recommend this program to any newbie entering the forex market.
The clip gave me a very good example on my training and disciplines when do my trades. hope it can help others too specially for newbies
This actually looks very good for beginners. The pictures that illustrate are very helpful. I also like the tips provided in “Getting Started” and “Jump Start Basics.” I also like the simulated charts that explain how you can get practice with trading on different timeframes. This is great, since it points out the differences you need when trading in different timeframes. The trading platform overview seems long. I like how you’ve broken down into watchable segments later on. This allows one to feel not quite as overwhelmed by a 43 minute video. I like the “tips and tricks” videos especially, as well as the “indicators” video.
Jed, Thanks for a simple strategy. I have been using EMAs for a number of years, and have found them to be good and bad…but overall very good. I have been live trading your system along side my current system, and have to say I like what I see so far. I look at the 1HR charts for signal and then jump down to 15-30 minute charts for entry. I am anxious to here more about you new “Launch Pad System” in hopes I can catch greater runs.
Hello Jed, I’m a little confused about the strategy, perhaps I missed something in the video. What do you do with the spread? Are the profit targets in addition to the spread for the currency? Some of the cross currencies can have 10 pip spreads so does that mean we just can’t do this kind of trade for those pairs? Any clarification would be greatly appreciated. Cheers, Felipe Washington, D.C
Felipe, I forgot to answer the other part of the question. Here is the answer: You have to make sure the signals are correct before you enter on the currencies with the larger spreads. They can be traded. some of these currencies are harder to trade than others. The GBPJPY has a 9 pip spread, but it moves so much that you can get a few pips out of a signal. When you enter any trade you are negative, this covers the spread then you can go positive from there. Thanks
Felipe, You are correct. You need to calculate the spread into your trade. Thank you for your feedback. Happy Trading! -Jed Norwood
Good strategy. Has this been found working in all three sessions, US,Europe and Asian ? Has this been tested with daily candle setup’s, if yes then what should be profit target’s.
It’s exciting to see a free yet effective trading strategy—Jump Start Strategy. It seems to be a conservative, however safe trading idea. It works well in trending market conditions. Beginner traders should watch closely when the price action is zigzaging frequently. I hope the new trading strategy—Launch Pad which is built on the Jump Start Strategy would offer advantages to maximize winner trades with more pips.
Jed In order to be clear on the signals. If the Royal Cross has been made (for an up-trend)and the MAO is peaking thru the “0″ line but the MAO line is in the first candle and still fluctuating with price. Do we wait until that time period (15M) is finished before reading a clear signal? Thanks Rustania
should the system be used/avoided around news time? does system work better for specific pairs? does it work well for pairs w/large spread?
Hello Jed I am Réal Rondeau from DRummondville Quebec I have just discoverd your free jump start trading I am new at trading I have tried plenty ofsystem but your jump stat system is for me the easyest I have found s please dont delete those vedeos caus I still need them as soon as I am getting my 20 pips a day I will change for your new couse Thanck you Jed Réal
I have just stumble on the forexstrategysecrets web site and love it! Is there still a discount available for the Launch Pad? Thanks. Walt
still consider myself a newbie. it seems that around 9-10am EST there is good movement of the USD/JPY. examine the 15min and 30min timeframes….especially the 30min. see if there is some pattern that can be put into a trading strategy
We just got this post back up and running, we apologize to all those who haven’t been able to view the comment section for the past little while. It should be fixed now and we thank Carlos for pointing out that it wasn’t working.
Keep the Comments Coming! We love to read them!
Thanks for the free trading strategy. Have a question on your take profit criteria: If going for 5 pips profit, do you take into consideration the spread? For example, 2 pip spread plus the 5 pip profit equals a 7 pip profit target or a pip spread of 7 pips plus 5 pip profit equals a 12 pip profit target. Is that correct? Thanks again for making Jump Start available!
!!!!!! before it was 41 comments now 36 !!!!…in fact no complains from anybody? i want to say that i did develop a ea for this jump start and the fact is its not profitable. not happy with the ea results i went manual and results not profitable either… either im doing something wrong or this defenetly doesnt work…apreciate help from jed.
…no need to thank me jed, i already inform you before i was going to dvelo a EA and i did it. a EA for your jump start strategy, im not happy at all with the results im getting, im working with a 7 pips take profit and 14 pips stop loss tested on 6 pairs…results are frustating…ive read all instrucions, saw all videos, but cant get good profit averages…the error might be in the fact you dont teach us exactly where to place the stop loss…i want to purchase launch pad…but cant this jump start to work…apreciate your help jed.
I can inform everybody with FACTS that jump start DOENST WORK AT ALL if you place your stop loss with 14 pips and a take profit with 7 pips.
i did run a 180 DAYS EA on 5 pairs it doesnt work, PERIOD.
Not happy with the results im running now a test with 7 pips take profit (spread included) and a 21 pips stop loss.
i will post results asap.
We had 41 comments at one time and deleted 5 of them because they were advertisements. They were not about Jump Start, Launch Pad or any of our trading systems or products we offer. They were trying to sell their product or service on our site.
Jump Start was not designed to be an automated trading system.
Jump Start is not a full trading system.
Jump Start is a trading strategy meant to give traders an exposure to a trading system without giving everything away. We hear about many traders that are making money using Jump Start alone but that is not our intent. There are many other things to be considered when trading. The trend needs to be taken into consideration, timing the entry, managing the trade, and knowing when to trade just to name a few things to consider.
We teach that the stop loss cannot be a set number of pips to be effective. The 7 pips take profit is more than we suggest. Even with 5 pips TP there will be some losses.
From what we hear about 99% EA’s do not produce results on a consistent basis. It will be almost impossible to program an EA on a manual trading strategy without knowing the full trading system behind it. There will need to be more understanding and tweaking of the EA than just using the basic entry signals of a manual trading strategy.
So if a trader does not know how to trade a manual system successfully then how can they program an automated system that will be successful.
Kirk
Hey Bob here is the answer to your question sorry it took so long to get back to you.
When a trade is placed it is already negative by the spread. So when the trade hits the break even point you are at the spot you entered the trade, this also is the point where you have made up the spread. then you are looking for 5 pips. So once the trade reaches a plus 5 pips then you would get out manually or have your TP set to close the trade.
You do not have to calculate the spread just remember to go from the point you entered the trade and go 5 pips.
Hope this answers your question.
KIRK WROTE: Jump Start is a trading strategy…
I SAY: trading strategy with no stop loss rules?
who want a trading strategy like this? you have to decide what you want to do KIRK.
either you inform stop loss and take profit properly or you dont give anything away for free!!!!!
why do i want you or anybody to tell me jump start works if in fact you dont tell us the stop loss?
OH I SEE now you tell me if you inform me the stop loss nobody purchases teh launch pad…BIG EXCUSE KIRK!!!! I BUY YOU THE LAUNCH PAD if you teach me where to place the stop loss on jump start, sounds honest to me, but not to you because all you want is to SELL LAUNCH PAD AT ANY COST.
also for your information i wrote a EA FOR JUMP START AND YES ITS POSSIBLE I DID IT, TESTED JUMP START MANUALLY AND WITH EA….DOESTT WORK, PERIOD.
CONTACT JED, HE KNOWS WHAT I TOLD HIM ABOUT THE EA I DEVELOP TO JUMP START.
ADMIN….what are you talking about!!!!
YOU WANT PEOPLE TO EARN 3 PIPS ONLY????????
when you enter a trade you are down 2 PIPS FOR EXAMPLE…YOU CAN NEVER EARN ONLY 5 PIPS OTHERWISE YOUR NET PROFIT IS ONLY 3 PIPS.
WHEN YOU ENTER YOU ARE DOWN 2 PIPS ON YOUR REAL MONEY ACCOUNT OR DEMO ACCOUNT, IF YOU PLACE TAKE PROFIT 5 PIPS ABOVE YOUR ENTRY YOU EARN 3 NET PIPS ONLY.
IN ORDER FOR YOU TO EARN 5 NET PIPS YOU HAVE TO ENTER A TAKE PROFIT OF 5 PIPS PLUS 2 PIPS SPREAD ON EUR/USD FOR EXAMPLE.
IN FACT, WHAT GUARANTESS YOU HAVE AFTER YOU ENTER A ORDER, PAIR WILL GO DOWN AND THEM GO UP?
I TELL YOU THE ANSWER….NO GUARANTEEE AT ALL.
LIKE I TOLD YOU BEFORE YOU BETTER DECIDE WHAT YOU WANNA DO, EITHER YOU DISCLOSE ALL INFORMATION, STOP LOSS INCLUDED OR YOU DONT GIVE JUMP START FOR FREE.
This is a scam. jump start doesnt work at all.
Jed, Admin., et al,
While it is a good idea to entertain feedback from those putting your introductory system, Jump Start, to the test, it may behoove you to reconsider allowing trouble makers to post their senseless rantings.
Your literature is very clear and consise regarding Jump Start. It is a simple entry level system that is easily grasped by those new to the Forex business. Proper MM and a sense of market direction are clearly a hands on application for success.
EA’s need too much constent attention to them. Back testing has it’s own short comings and is notably unreliable.
I have been trading Forex live now for four years and still continue to search and learn. I have gone the gambit of trying to trade with every indy under the sun. I continue to releave myself of them. Your simple is better approach is very refreshing.
I have traded with the Jump Start system and have found it very profitable.
Thanks much for efforts and hard work.
CCE
I have been trading Forex without a “system” just using Tom Demark trend lines and Fib retrancement. I have been doing some back testing with good results. I am looking forward to testing live and see if this new approach with my other tools will be as successful as the back test. It is real comical reading Carlos and John’s comments about your system. It is clear they should find something else to do with their time.
I just want to say the “jump start” is a very good trading system, I’m doing more that 5 pips per trade, I’m making 15 pips per trade using the trailing stop feature combined with the jump start strategy. I do think everyone should try this option because sometimes the market is going very fast when you first place a trade and that’s when you can make more that 5 pips per trade.
Great strategy!!! With Jump Start I learnt the basics of forex trading I knew nothing about forex trading before 2 weeks and with this stratergy im getting more than 30 pips a day. Excellent work guys i’m a fan!!!!!
I Am Still In middle Of Learning The System But I Think You Should Create A Forum That Traders Can Post There Comments And Discuss The System Thanks
Joseph
Well, a lot of material, thanks, but where are the basic most important 2 values, the Royal Cross values (royal cross…what a name!!)??
Can’t find them anywhere!!
Thanks
Max
I understand what the royal Cross is HOWEVER what is missing are the to MA values.. be they simple or exponential i.e what time periods have you selected.Incidentally you videos are GREAT.
Tks ..looking fwd to setting up yr royal cross. I have been experimenting with some values
Jon
i have tried but it is confused for me, most of times macd crosses after many pips gone