Frankly, I’ve learned more about successful Forex trading during the 14 day trial than I have surfing the web, buying ebooks and watching free videos COMBINED! And this is with access to only a FRACTION of what Hector has planned. I think part of the reason is the learning experience is so well planned and presented in VIDEO that it makes it impossible not to learn methods, tips and tricks that make me a better trader. Plus, Hector uses a lot of real LIVE examples, which really bring the trading strategies he teaches to life.
One of the first things Hector teaches is that common indicators really don’t work all that well, and are actually distracting traders from what really matters… PRICE ACTION! More often than not, Forex traders become nothing more than “indicator followers” and therefore don’t ever learn how to read PRICE ACTION correctly. This is one of the reasons there are a lot of struggling traders out there.
Now, that does not mean that ALL indicators are bad indicators. As a matter of fact, Hector gives away some of his most powerful Custom Indicators. But what I’ve learned over the past couple of weeks is that these indicators aid in reading Price Action… and are not a substitute for it like other indicators.
As I said above, Hector provides the Custom Indicators and Chart Template to be used with the MetaTrader4 platform. Here is what my chart looks like now…
A. You’ll notice a shaded box. The box surrounds the entire trading day’s activity and is shaded blue if the market went up, and red if the market went down. This is a quick visual reference that shows what price is doing over each trading session.
B. These dotted lines represent Support (blue) and Resistance (pink) levels. These are generated automatically according to how price is moving. This automatically bring your attention to price levels that need to be kept track of… either to use when determining Entry levels or Take Profit levels.
C. Swing High and Swing Low indication arrows. These blue and red arrows are not indications to buy or sell. They mark the major swing high and swing low areas. This is great to get a quick understanding or which direction the market is moving and whether the market is trending or in a range.
D. This is an ATR (Average True Range) indicator. This show how much the currency pair usually moves, and how much it has moved so far in the trading session. This is great to help determine whether a trade has the potential to move as much as you would like, or possibly done for the trading session.
E. To the left of the “E” you’ll see some horizontal lines (dark and light) at the top and bottom of the trading day. These are actually visual representations of the Average True Range. This is essential for Intra-Day trading and knowing where you are in the market for that trading session.
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