Jump Start Discussion
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.
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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
I was realy excited about your question on the stop loss. I can see that you are progressing in your trading career because you recognize the importance of good money management.
Where to place stop losses:
When placing a stop loss 30 to 50 pips away when looking for 5-20 pips profit is not good money management. We are using the Jump Start Strategy as a building block for our advanced trading systems. When using our other trading systems we are looking for many more pips so the stop loss would fall in line with the profit target. We also show people how to add onto their trade and get 3 to 5 times more profit than they would get otherwise. When using the Jump Start Strategy you need to make these small trades in the direction of the trend on a larger time frame. When you are trading in the direction of the trend you will be able to place the stop loss closer many times at the other end of the previous candle. Simulate and Demo trade this for a while and you will get a feel for where to place the stop loss when going for small trades. A trader can become more accurate on the entries when they enter from signals and not candlestick movement
How to know when you get an entry signal:
If a trader has time they can be in front of the computer and catch the signals. this is hard for most of us with busy schedules. One thing a trader can do is trade larger time frames so they look at the charts less often and can plan their trading around the larger time frames. Another thing is to look at the charts around new announcements. A good site to get this information is from forex factory http://www.forexfactory.com/index.php?page=calendar .
Another thing is to trade around market openings. This site will give you the times the markets open in different parts of the world.
http://forex.timezoneconverter.com/index.cgi?timezone=US/Eastern
Day traders look for the trend on the 15 minute chart and enter on the 5 minute chart. This is another way when you only have limited amount of time.
We will be launching an alert system that will notify you when the signals hit. But for now we have to rely on the above methods to find the trades.
I need to know how to email some questions to someone from this sight. Having a hard time trying, new to blogging need some directions. Thank You
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.
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
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 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.
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
Varengold Bank AG
www.varengoldbankfx.com
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.
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 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.
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!
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.
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 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.
Keep up the good work,
Rob C
Utah
Best system to date. Thank you!
Looking forward to your new system in progress.
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,
You are correct. You need to calculate the spread into your trade.
Thank you for your feedback.
Happy Trading!
-Jed Norwood
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
Jed
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.
Thanks for the queston.
The strategy is based on indicators not price movement. It does work well in all three sessions.
I do not know what you mean by daily candle setup’s. We do use the candles over the bar chart. If you go to this address http://www.forexstrategysecrets.com/blog/forex-questions-answered-webinar-series you can view 2 of the three webinars. You can get an idea of how we set our profit targets. check out the third webinar.
Hope this answers you question
Jed
Akbar,
Thanks for the question.
Yes the Launch Pad System will work in all three sessions. It is designed to work in any time frame any currency. It also would work on stocks and comodities if a trader could get the indicators on those platforms.
I am guessing you mean the daily time frame using candlesticks. The system will work on the daily time frame. We do not set take protits at random points. We let the market dictate when and were to exit a trade. That is one of the things taught in Launch Pad. Each trade is different. We use signals from the indicators to let us know when to get out of the market.
Akbar
Thanks for the question.
Yes the Jump Start Strategy and the Launch Pad System will work in all three sessions. It is designed to work in any time frame and any currency. It also would work on stocks and commodities if a trader could get the indicators on those platforms.
I am guessing you mean the daily time frame using candlesticks. The system will work on the daily time frame. We do not set take profits at random points. We let the market dictate when and where to exit a trade. That is one of the things taught in Launch Pad. Each trade is different. We use signals from the indicators to let us know when to get out of the market.
Hope this helps
Jed Norwood
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
Rustania
This is where you will have to make a judgment call. You can use the signal just as it crosses or you can wait until the candle closes. If the market is making a sharp move up then I would take the trade on the first sign of the cross above the zero line. if the market is going a little sideways then I would wait until the candle closes. I would trade all time frames the same depending which time frame i am seeing the signal on.
With all the signals we offer, a trader still needs to trade in the direction of the trend on a larger time frame. If the trend is up, then you may be entering on a smaller time frame. In this case you should be trading in the direction of the trend. In trading with the trend I might take the first cross. Trading against the trend I may want some better signals.
If you are going against the trend then be cautious with the first part across the zero line. You may want to wait for the close of the first bar across the zero line.
Try some demo trades and some simulated trades and see if that makes sense to you.
Hope this helps.
Jed
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
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?
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