Educational Alert Service - Frequently Asked Questions ( FAQ's)
The Educational Alert Service (EAS) also known as "EZ' can be intimidating at first depending on your level of Forex skill. This is because our Master Trader is using the same techniques that the Big Boys use which at times can be CONTRARIAN. The Big Boys love to get the herd ( the little guy) going one way, so they can CREAM us as they reverse.
We use those same techniques to find those high probability areas where reversals are not only possible, but probable. Obviously, you can't get every one correct or it would not be trading.
Here are some FAQ's that we have discovered from questions we field from those using the EZ system.
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Q. Is there a way to know if a particular opinion is still valid for example if I don’t get to an EZ alert right away?
A. The way to know with a high degree of certainty is:
1. Look at the exact time the EZ was delivered on your email first, then
2. Check on your cell’s SMS. (email tends to be more “time delivery efficient”)
3. If the Price for the EZ pair has yet not touched the price level(s) on an EZ, and,
4. The “time stamp” for the EZ on your email confirms it has NOT been touched, then
5. The EZ is still valid.
6. If price has touched the EZ level, and
7. The email time stamp confirms this, then
8. The EZ is NULL and should be CANCELLED.
Q. Some of the EZ entries don't seem to tie into the WC.
Within every price wave, say south, there will be a price retracement wave north. And when that happens, the WC is either “taking a breather retracement, OR, a reversal is imminent and the WC will start “falling apart”. So, EZ’s WILL be in conflict with the trend or direction of the WC when going AGAINST the WC trend, but in harmony with the WC when with the trend.
Q. Do you have any suggestions for trading a trending market like this and trying to figure out when to take your profit or let it run longer?
A. The WC and RF were developed for just this purpose. IF you’ll scale in gradually, using smaller margin sizes at risk, as your profit accrues, you can use the WC to ADD1, the ADD another, and another. You simply move stops to break even on all entries at +15-20, then trail every 50 pips on majors, 75-100 on the EJ and GJ. If you get stopped out, wait for another WC / RF signal and re-enter on the momentum signals that those setups depict with stops at a level of risk that you’re comfortable with. Trading with the above strategies allows you to build progressively strong positions as your overall margin increases.
Q. I guess it's better to take your profits than to let the market take them back just because I'm a little greedy.
A. I know a trader ( who taught me much) who nets $50-70k per day, trading ONLY the EU, going for 20-30 pips per day, with one 100 pip “runner” per week, using only 1% of his margin. The EZ’s strategies are structured exactly the same way. We try and capture 20-50 pips per day, get a nice runner once a week but trade with 2% margin. We can lose 40% of the time and with sound margin management, still incrementally increase our accounts over time.
Q. Hindsight is always 20/20 and when you exit a trade for 50 or 100 pips and then it keeps going for another 300 you have to be happy with your successes and not think about what if? However, I cannot help but wish I would have stayed in the trade.
A. DO NOT beat yourself up about this! Successful Trading is a Learned Discipline. ProAct and EAS are all about establishing RULES. Why? Because we learned this from both hard knocks and were fortunate to have been taught by some great traders. “Learn the Rules, Calm your Emotional Impulses, Trade the Rules and Allow the Profits to Accrue. And then, exercise Patience to let the market bring you opportunities, not making mindless entries and random “hunches”.
Q. I am unclear about one term: "move stp to +15 on .9090 entry and do same when the .9100 is +15". Do you move stop when up in profit 15, move stop 15?
A. The strategy is when a pair is positive 15 pips, you move the stop of b/e to put yourself in a “stress-free” position. If it runs to target, great. If it retraces and gets stopped out, then, there’s no loss and we look for another opportunity. I’m trying to demonstrate to everyone how getting oneself position in this way take a lot of pressure off trading. Another way is to “tighten” a stop when a pair is positive 10 pips and then, you either get a “runner” or, you net 10 pips. There’s lots of different ways to do it. At extremes, one can use larger stops but much smaller positions. IF you “nail” the entry and move stop to b/e, at extremes, it rarely comes back on you and is good for 50-100 pips. As we wind down the week, as the USD has had a good run, don’t have the bias, but watch for profit taking on Friday. This could create the 100 pip swings that often occur on that day. May start during the Asian on Thur evening. Just a heads up. And I hope I’ve answered you question.
Q. My pending order for USDCAD were both activated and hit stop loss. Should I get back in or just wait for new EZ and new opportunity on other pairs?
A. If you got stopped out, I’m not allow to tell you to “get back in” as that would be telling you to make a trade. I can only issue EZ opinions / commentary.
Q. Regarding trailing stop , the last instruction was"will trail +50". This is the question; either after ahead by +50 then put on trailing stop,or anything else?
NU CA2-S MODIFY
MOVING STP ON 2ND POSITION TO +20
WILL TRAIL +50.
A. In respect to the NU EA above, when I sent the MODIFY, that entry was already up 30 pips. So, I issued an EZ that said, “MOVING STP ON 2ND POSITION TO + 20”. That means that if I would have gotten stopped out, I would still make 20 pips profit.
Next, because we moved our stop into profit +20 pips, by adding a Trailing Stop of 50 pips to the Hard Stop, then, we made provisions that, IF price moved another 50 pips from the Hard Stop, the Trailing Stop would then become the new Hard Stop.
Q. How do I put in trailing stop?
You can execute a Trailing Stop any time as long as you first put in a “Hard Stop”. Once a Hard Stop is set, then, you can put in a simultaneous Trailing Stop of any size that your dealing station allows. Every situation is different. I can only issue EZ’s as I see them and if I think a trailing stop is warranted for that specific teaching situation, that’s the best I can do.
Q. I don’t understand all of the Move Stop short-hand after going through the PwrPt tutorial a few times. Specifically, when the instructions is to “Move Stop +18” the tutorial says this means to move your stop when your trade is 18pips in profit. Where do we move the stop to? BE, +1p, +5p, +10p or +18pips (which would surely be triggered)?
I understand this to mean move the stop on 2nd half of position for every add’l 33pips in profit. My question is how far behind that +33pips profit do I move it; how much wiggle room between the profit & stop does this instruction infer to give the position?
Let’s think about this like a logical sequence of well-planned events:
1. If the market moves 18 pips in your favor and you move your stop to b/e, you have effectively created a totally “stress-free” entry. You cannot experience a loss.
2. If you are more than 18 pips in profit, usually 30 or more, and an EZ says to move stop to +18, that means that you’re going to move your stop to 18 pips in profit. Now, you are not only in a stress-free position, you’ve locked in an 18 pip profit.
3. The above is just one scenario, but variations of them are endless. Each situation is unique as is each trader’s mentality to do what they do. EAS teaches strategies to get to b/e asap, and / or lock in profit and sometimes, if we get a “runner” that makes even more pips, then, we will continue move our stop into even more profit.
Q. Can you tell me if the EAS price quotes are the BID or the ASK? Just curious so I know how to calculate the Limit and Stops correctly.
Professional Traders ALWAYS factor in Bid and Ask. ALL EZ’s are issued with that seriously taken into consideration. OK?
Q. I do not have a cell phone that takes sms right now , but if this works ok during 2 week trials will buy one. I understood I could get the EZ's on email?
IF you’re going to be at your computer all day (some traders are) then you don’t need SMS. But if you’re not, our Professional in-house Trader will use MODIFY, sometimes often to either help lock in profits or move stops to B/E to protect margin. We don’t recommend you use EAS without SMS sent to a cell phone unless, during this trial period, you ONLY DEMO trade EZ’s. At least that way, if you don’t get a message because you’re out and about, when you return to your computer, you can see what EZ’s you missed and how it would have effected the overall outcome of the Strategy.
Q. Is there an expiry date and time for the below 3 orders I received notification of today?
EAS sends out CANCELS when an EZ level becomes obsolete.
Our original name for EAS was "Early Entry Alert Service". So, we have to ask ourselves these questions: Do you want to be notified in sufficient time to act? Or, have to "scramble" to get positioned? We vie for the former. If the EZ level become obsolete, we CANCEL it.
Q. I get EZ's in my email but sometimes do not receive EZ's on my Cell?
It seems there are a few people who periodically do not receive EZ from SMS to Cell. That’s why we also send every EZ via regular email to your personal account with gmail or yahoo for example. In the future, be sure and check both as SMS to Cell is yet an “imperfect” form of messaging. WE send it ( that is verified by your receiving the email) but your provider will periodically “hold” your messages until their system “plays catch up”. Especially with longer messages.
IF you intend to stay a subscriber to EAS for a longer period of time, if you don’t have one already, you may want to look into having a Blackberry or ATT Tilt Smart Phone that’s 3G internet-ready. Then, you can receive email any time, anywhere as it’s extremely reliable.
Q. I have received 2 opinions. The first was for the EJ, no problem. The second RES - was a rescue trade on the EU. {Since} it was a rescue trade I am assuming that I was not part of the trade that had occurred before I was signed on.
RES does NOT imply that an EZ level has gone against a previous entry. That’s what REPO’s are designed for. RES is applicable ONLY to specific EZ price levels that warrant this particular Strategy. And, all EZ’s are “Good Til Cancelled”. Make sure that you re-read the EAS PowerPoint Tutorial to completely understand exactly how each Strategy is employed
Q. EAS issued a market order vs. a pending order opinion. I skipped this trade due to "Market Order" instruction. Obviously, I know what a Mkt order is, but what's the significance of it in your instructions (I didn't get why you specified Mkt order since at the time the EZ Opinion was put out, the price wasn't at that Mkt price)? What am I missing here?
A. It was for "active" traders, those sitting, at their computer traders or using a SMART PHONE to enter their trades. Wasn't enough time, at the time to issue EZ levels for pending. We are working on arrangements to create EZ parameters for both active and passive subscribers. If someone can't be at their computer to make all the modifications that are often issued, then they will still be able to take advantage of parts of the EZ levels, but not max out the pip capture. Of course, they can choose to be both active and passive depending on their personal schedule.
Q. I would like to clarify EAS new long position @ a price level, and close short position @ a price level. In other words, does the long opinion include the spread.
Is the Price level in a long opinion the bid price, and we add in our own spread, or is the spread already included.
And when EAS says: close an existing short position @ a price level, do we add the spread to that price level, or is the spread included. In other words, does the limit in a short include the spread already, or do we add the spread?
A. EZs are professional trader’s “complete package”. That means, you don’t have to think about bid / ask differentials. Pros have them pre-calculated. So, all you have to do, is decide the future course of your own actions: whether to load pending EZ Opinions, or not. That’s it, that’s all. That’s why they’re called “EZs”.
Q. I am writing to ask for your advice on learning. If my goal is to understand the reasons & the charting behind your EZ opinions, what would you suggest is the best way to go about that? A. As stated in the EAS Tutorial, 1. The purpose of this tutorial is to educate you on the use of terms and strategies and techniques used for currency trading. - As stated in our service contract, EAS is an educational service, NOT a trade calling or trade recommendation service. However, we will use real-time examples to simulate actual market conditions. These will be sent to you through your cell phone via SMS (Short Messaging Service) as well as to your email address as an alert.
- After an “EZ” is sent out, you can then watch, in real-time, how the market reacts when specific price levels are approached. Later on, as you learn and trust these levels, you can begin to make the personal decisions you need to execute trades on your own.
- In the EAS Subscriber Agreement, it stated that EZ’s and how they are derived are considered CTAP’s and ProAct, as the marketer of EAS, proprietarty intellectual property……..
In essence, what we say is: We can (and do) teach you EZ Strategies and Terms for use and how to understand and utilize that information. We did not say that we would teach you exactly how EZ’s are derived. We further state that instead of taking 1 ½ -2 years to teach in a one on one environment (for 10-12 hours per day in real time trading), that we would issue EZ’s to you so that you could begin to trust and have confidence in whether or not the information would be of benefit to you. I hope it has. Not trying to “rope” you in here. The information it takes to pinpoint EZ’s is voluminous. The analysis process is not “ez” and in order for one to “pick cherries” on a regular basis with an unemotional bias only comes from years of experience. Neither CTAP nor ProAct is not willing to make that kind of time commitment to anyone. We already have very little of a “life”. And we cannot nor will not jeopardize time it would take us away from our families to teach EZ. If you want to learn how to actively trade EZ’s, then memorize the EAS Resource materials and sit back and enjoy the rest. Frankly, I would have paid $1,000 a month to have someone or some company deliver EZ’s to me.
Q: On less then full size lot entries - If I use the EAS Calculator and keep risk percent the same, it will produce the lot sizes I need for 24-40 pip stop average or a 100 pip stop average and risk will be the same. Is this correct? I can use the calculator for lot size on entries. Or are you saying risk is higher on this trade (say GU 1/4CA-L) and I should only expose 1/4 of my normal margin exposure? Meaning if I have $40000.00 in my account I would only plug in $10000.00 into the EAS Calculator and say if 2% risk only expose $200.00 rather than $800.00. A. You’ve brought up a very good point. The answer is: The best way to manage risk / reward on the “less than full sized lot” EZs, is to… 1. Divide the Total Margin in your account by ¼ if the EZ is say, a ¼ lot size. (If the account is $40,000, then the result should be $10,000) 2. Open the EAS Margin Calculator 3. In the “Total Margin” box, enter ¼ of your Total Margin in this box Then Calculator will then calculate the number of lots per Entry with the given stop(s).
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