I know that you are not a big fan of forums and you have no plans to start one however, what are your views on a journal section for members. This way it will stop members posting on external blogs and giving away strategies based on the mastery course.I’m sure those of us who have paid for the course, would not mind paying a monthly premium associated with the cost of space etc.
If you would rather stay away from this type of orderflow/news/macro community, what would your feeling be towards a member based journal on a external hosting site, if it were set up by members. Like a forum board setup as a journal run by members. It could be locked to anyone who has not purchased the mastery course and be member operated as opposed to you having to maintain it on your site. Trust me I am also cautious about the Gurus and trolls in forums, but if people play by the rules and only post journals of trades and process- eg habits, it could be great.
P.s – I have been watching AUDUSD, and I saw your comments earlier in regards to a members question. Everyone is talking about the AUD falling a massive amount. With the daily habits and scenarios. I just cant see it, even with all the innuendo and rumors etc, it seems to drop a bit than shrugs off the bad data. Although, as you say anything can happen in a second in regards to sentiment sensitivity and orderflow.
I am not as opposed to opening a forum as I used to be. I don’t mind starting one up on the website in the near future.
I just don’t want the forum to turn into another regular trading forum where all the nonsense information is posted. Currently, it is myself responding to user questions with all the knowledge, analysis, and wisdom I can muster. One of the keys of successful trading is to spend time on the information that matters. That is something I have been forced to learn continuously throughout my journey. I am constantly trying to purge myself of information I don’t need, websites I don’t need to visit, etc, and spending my time more on the information that matters. I didn’t want to add to the confusion with a forum where the various members start posting weird topics and information. Although I would say if they have read the mastery course, then they will have a much stronger feel for what information is important to trading successfully, so my fear of that has subsided.
Also, I didn’t want the forum to die down with inactivity. I have tried to keep the website community small, so I do not want the forum to turn into what happened with Darkstar’s forum, where there is inactivity.
Also, between trying to run the website, answering questions, etc, then I don’t know how much time I would have with answering questions on a forum, etc.
My vision for the website was, and still is, to be able to share with people all my knowledge and interpretation advantage, in the member blog form and potential future videos. That way they get the high quality content from myself and do not have to suffer from the potentially weird opinions of others. I remember how hard it was to learn trading because I had to fight through the distorted opinions of the trading forums, websites, friends and family around me, etc. I really did feel depressed at times. I really had to focus and spend a lot of uninterrupted time figuring out and honing my trading philosophy. I really do have amazing ideas for hundreds of both public and private blog posts. I just need to get into a certain rhythm. It is taking me a lot longer to get that up than I anticipated with some of the personal things going on my life.
As I said, I can set up a forum feature in the near future to see how it goes.
As for the AUD falling, it seems the huge USD/JPY breakout had big implications for the other currency pairs for the next day or two after it happened. There was a huge USD/JPY spike up and sent/psych shift and potential go for the jugular type trade, which was the the more rational course of action. That was kind of expected. What I did not expect was that the other currency pairs would be so much effected. There was a USD bid across the board. USD/JPY going up, EUR/USD, GBP/USD, AUD/USD, NZD/USD going down, etc. I thought the USD/JPY upside breakout would cause all risk appetite to go higher. But in reality, it was the USD bid that was only going higher. Bonds collapsed, and Crude oil collapsed (intraday) on the stronger dollar. Strangely the S&P stayed relatively steady even as the dollar got stronger. I would expect further upside S&P potential since not even dollar strength seems to be enough to encourage profit taking.
With correlations breaking down, more and more interesting things seem to be happening.
So the AUD/USD drop was much more USD bid based, rather than AUD weakness based.