Forex Sailing Video #4

Posted May 24th, 2010 by Rapid Forex 48 Comments »

This Forex Sailing video lesson contains a recent example of an 800+ pip movement in the EUR/USD that only took 6 days to sail!

What’s funny is that this trade just completed. I wasn’t looking for a “perfect example,” yet the most recent one was truly a “perfect example” of a successful Forex Sailing trading opportunity.

Even if you got into this one late, it would have been good for at least 650 pips!

Amazing!!!

If you’re finding this post by iteself, here is a quick list of previous Forex Sailing videos:

Forex Sailing Video #1
Forex Sailing Video #2
Forex Sailing Video #3
Fibonacci Calculator Download – free tool to do the Forex Sailing fibonacci calculations for you.

Related Forex Sailing (Part 4) Posts:

1. Download the Fibonacci Calculator – not only will this tool crank the forex numbers for you & give you fibonacci wave targets, it’ll also teach you Forex Sailing visually by creating a custom picture of the trade based on what you know & it’ll tell you what you don’t know yet… It uses the same image as in the fibonacci wave zones for online forex trading post.

2. Online Forex Trading Example – Forex Sailing GBP/CHF – This post gives you another example of a successful Forex Sail. This example is provided to show you how Forex Sailing works when it works as intended. In the Forex Sailing series, there will also be other video examples of finding Forex Sailing opportunities.

3. Forex Money Management for Forex Sailing (extra credit) – This post shows you how to use proper money management when Forex Sailing. There will also be a video soon that explains this for you.

Video #4 is broken into 2 parts since youtube limits videos to 10 minutes each. I wanted this lesson to fully explain what we’re looking at for a Forex Sailing opportunity. I explain how the theory applies to the price charts. I also explain some of the things that may go through your mind when you’re thinking about making a trade.

Forex Sailing Video #4a – Watch this part first

Forex Sailing Video #4b - Watch part a first

Can You Find this Trade?

I want to challenge you to find this trade. In the video I mention that it started on May 9th on the 4-hour charts for the EUR/USD. The trade lasted until the 15th. Can you open your charts and find this trade? Do you get different numbers (it’s ok, everyone’s numbers will be different)? If you really want to learn online forex trading, then try to see this trade on the charts for yourself!

Tags: EUR, fibonacci calculator, forex sailing, forex swing calculator, forex swing trading, forex webinar, USD Posted in Forex Sailing

48 Responses to “Forex Sailing Video #4 – Online Forex Trading Course”

dale Says:
May 24th, 2010 at 3:03 pm
Brian, I am starting to see the canes and the handles in all time frames now. This is a pretty awsome educational package you are putting together for all of your followers and I am finding it helps me no end. I even feel as if I can stop the stupid trades and see why I should get into a trade and vice-versa, giving one a sense of confidence from knowledge. many thanks to you.

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Rapid Forex Reply:
May 24th, 2010 at 3:05 pm
@Dale – YES!!!! AWESOME!!!! Thanks for sharing this experience with me. It’s definitely encouraging to hear that this is helping people, which is why I’m teaching it. Thanks so much for letting me know that you’ve found this valuable. It makes the many hours I put into it totally worth it!

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Toyin Says:
May 24th, 2010 at 4:20 pm
This sites has about the most excellent tutorial i have found in recent times. But I wonder why the videos are not displaying both using windows explorer and firefox browsers. It only shows a blank space in place of the video clip.
Pls what can I do?
Thanks

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Rapid Forex Reply:
May 24th, 2010 at 4:21 pm
@Toyin – Thanks for the compliment I’m not sure why this could be happening. I just tested with FF & IE and both work fine for me. You can always click and watch them on youtube…

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Emmanuel Says:
May 24th, 2010 at 4:40 pm
Thanks for your presentation,i noticed that since you started the Sailing video you always mention 61.8% retracement.can one use the 50 or 38.2% retracement.secondly which of the time frame should one use for the fib calculator for an intraday trade

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Rapid Forex Reply:
May 24th, 2010 at 4:48 pm
@Emmanuel – Stick with the 61.8% level (it’s actually a 38.2% retracement with a fibonacci tool – if you use the fibonacci calculator I provide, you won’t get confused). I’ll be teaching intraday time frames when I teach Forex Sailing as a course during the free 90 day bootcamp.

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Toyin Says:
May 24th, 2010 at 4:53 pm
Brian,
I am really falling behind the class! not being able to see the great videos you have put up really worries me. I use windows explorer and Firefox still these videos are not displaying!

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Rapid Forex Reply:
May 24th, 2010 at 4:54 pm
@Toyin – watch the videos on youtube. You can also read the posts that I link to and get the same information…

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Toyin Reply:
June 2nd, 2010 at 5:06 pm
Hi Brian,

May i suggest that you embed the videos on your blog directly and not using the youtube embed code. Since some of your viewers are in places where internet access to youtube and facebook for example is sensored.
You may provide a link to the youtube channel anyway for those who have youtube access.
I discovered my browsers (IE and FF) can play embeded videos on sites when the videos do not need to be loaded via youtube.!

Keep up the great work.
Bravo

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Rapid Forex Reply:
June 2nd, 2010 at 5:24 pm
@Toyin – As I’ve stated in a previous email to you personally, I’ll be including a download link to all videos for LIVE members. I’m continuing to use youtube because they provide free bandwidth. Also, by using youtube it increases the exposure of rapid forex to other people looking for forex videos on youtube. I wouldn’t get the same benefit if I hosted the videos myself, in fact it would cost me more money to do so. It’s a free service that I provide.

Toyin Reply:
June 2nd, 2010 at 5:25 pm
Got your point!
Corinna Says:
May 24th, 2010 at 6:45 pm
Thank you so much for all that you have teach me. It really help me with my trading. You are just a kind and generous soul.

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Maks Says:
May 24th, 2010 at 7:36 pm
Brian,
thanks for your previous books and this lectures. Forex is becoming to me like open book thanks to you. And this sailing – it’s just looks fantasy to be so simple and it works. And thank you for videos, I did understand some things wrong when just written, video makes it so much real. Thank you again!

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Mark Says:
May 24th, 2010 at 9:30 pm
Brian….. in the video (#4b), price hits point III, and then continues up for another 3 candles.
You had mentioned to place your market order and get in the trade,once it hits point III. Would it be better to wait for the pivot high to form to make sure that it is indeed going to go lower towards point IV??
Although it never hit the stop, I might have been a little nervous seeing it continue 250 pips past the entry point!!!

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Rapid Forex Reply:
May 24th, 2010 at 9:31 pm
@Mark – We’re not always able to know when/where it will hit that high. Remember that we wouldn’t have seen that high initially, so we wouldn’t know it would go to that point. It can be stressful, but we want to enter trades when we penetrate the 61.8% level. The problem with waiting until it hits a higher level is that it increases the probability of a failed trade significantly. There are advanced strategies that we can do in that situation, but for now I’m keeping it simple. We’ll get into these scenarios in the bootcamp.

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Kulvadee Says:
May 24th, 2010 at 11:56 pm
The videos are valuable, thanks soooo much for your time to put all things together to make me see things clearer and so much better understanding now.

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Brad Says:
May 25th, 2010 at 4:16 am
The trade example in video #4 is puzzling to me. It looks like the fib retracement on the daily and the 4 hour chart are the same retracements. I thought this system was to look for a daily (larger) fib to form, and then look for the next following (smaller) fib on the 4 hour chart (like the GBP/CHF example). The stop on video #4 is the start of the I – II thrust down on the daily chart. Is this an alternate sailing variation?

thanks

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Rapid Forex Reply:
May 25th, 2010 at 4:17 am
@Brad – sometimes the daily & 4-hour fibs will overlap. It looked good to me… There is some subjectivity… If you see it differently, please elaborate on what you would have done

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Dave Says:
May 25th, 2010 at 5:04 am
If Videos do not show you probably do not have Adobe flash player installed
Its Free
http://get.adobe.com/flashplayer/
Dave

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Kyle Says:
May 25th, 2010 at 6:14 am
Thanks Brian,
Wow, these videos have really really helped me to start getting it!!

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Kulvadee Says:
May 25th, 2010 at 2:46 pm
Can we use other indicators to indicate time to get in at point3 for example short term moving averages crossover, MACD, Stochastic and RSI to cofirm?
I agreed that 250 pips is very nervouse especially for a newbie and small accounts. This is why I am looking forward to learn surfing as well.

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Rapid Forex Reply:
May 25th, 2010 at 3:09 pm
@Kulvadee – tomorrow’s example isn’t so scary… That’s just one example. You can use whatever indicators you like, you could also look at 30-min charts and make sure the trend from I to II on the 4-hour chart is broken. Just because it 250 pips shouldn’t scare you. Demo trade it if you don’t have real money. It’s just a larger trade. We’ll also be doing Forex Surfing during the bootcamp where we’ll be risking 50-100 pips (smaller).

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Kulvadee Says:
May 25th, 2010 at 4:26 pm
If it is a standard lot ($10/pip) would be scary.

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toyin Says:
May 25th, 2010 at 6:11 pm
@Dave,
I have installed latest version of ADOBE flash player, AIR, shockwave. Still the video part of this page appears blank!. Unfortunately I am currently in China where youtube is censored so i cannot see these videos on youtube.
Pls do you (or other members) have any other ideas?
Tnx

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John G Says:
May 26th, 2010 at 7:50 pm
B oy it looks so clear on the charts after you point it out. I like these lessons and starting to feel much more comportable. there was about 420 pips to get in leg 5.

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aziz Says:
May 27th, 2010 at 10:03 am
your way of explaining things is so great and i like this style of trading thanks

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Sukhen Says:
May 27th, 2010 at 2:35 pm
Hi Brian, Many thanks for organizing this practical approach and it’s been a great help to me. Thanks again – Sukhen

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mick Says:
May 28th, 2010 at 3:40 am
hi brian, this was a great trade, but if i open a trading account with $250, if i am not mistaken, the 5 % risk is 125 pips at .10 a pip.

was it a way to take this trade with only 125 pips stop lost

thank you for the time you take showing us how to trade this way.

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Rapid Forex Reply:
May 28th, 2010 at 3:45 am
@Mick – this trade wouldn’t have been possible within the 5% safety net, but other trade will be. You can always open an account with more money too

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Kulvadee Says:
May 28th, 2010 at 2:18 pm
I heard that under funded accounts cannot be traded successfully but
Some said that this is not true. Small accounts may be more difficult to trade successfully, but if they are traded correctly, there’s no reason why small accounts can not be profitable.
“By controlling the stress that is often associated with under capitalization, focusing on risk management,correctly applying risk management techniques (especially the one percent risk rule), small account traders can make a good living from their trading, and may be able to turn their small account into a large account.”
In the future when I feel more confident and want to trade $1/pip or $10/pip. In your opinion what is the reasonable account size to start with? Or it depends on you are a sailor, surfer or scalper as well.

Another thing I’d like to ask is about internet connection, does it make different to make sure the trade being filled by using wireless internet and cable connection especially if you are a day trader.

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aJ horne Says:
May 29th, 2010 at 1:58 am
Fabulous! And MANY thanks for generously sharing your knowledge and putting together this training. This clarified and illustrated perfectly the Elliot Wave theory which I have been struggling with for some time. Your terrific ‘wave tool’ download makes it easy to understand and most importantly–to use and profit using ANY platform and any broker (and NOT exclusively requiring Metatrader as some overly expensive training does) Your training will be highly recommended to my trading friends and colleagues.

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Janou Says:
May 30th, 2010 at 10:25 am
Hi Brian…Thank you for your generous efforts to make the learning process so simple. However, I was wondering whether we should move the stop loss from point I to point III to breakeven at a certain time, or we should leave the stop loss at point I till it gets hit for a loss?

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Rapid Forex Reply:
May 30th, 2010 at 10:26 am
@Janou – Great Question! Yes, this is an advanced strategy reserved for the bootcamp. You can do trades without this adjustment, but what you’re recommending is absolutely what you would want to do. I’ll be explaining how & why, but to make sure everyone understands how the strategy works, I’m allowing time to pass between basic & advanced strategies. To be clear, if you skip this adjustment it’s still a great system. It is optional, but I’ll explain more about this when the bootcamp starts.

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Toyin Says:
May 31st, 2010 at 2:58 pm
Brian,
May i suggest (if you can), that you include Risk- Reward ratio value in the output of the Fibonacci spreadsheet results. I understand that it is not recommended to enter a trade if your reward-to-risk ratio is less than 2. Just one more safety net!
Toyin

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Rapid Forex Reply:
May 31st, 2010 at 7:39 pm
@Toyin – thanks for the suggestions. Why don’t you forward the emails to me & I’ll look at a more efficient way to ask for the information.

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Toyin Reply:
May 31st, 2010 at 7:51 pm
You may want to check your gmail account. I have forwarded them.

[Reply]
Rapid Forex Reply:
May 31st, 2010 at 10:42 pm
@Toyin – thank you, I got them.
Mark Says:
June 3rd, 2010 at 7:13 am
Would you consider trading the first break out from the downtrend? isn’t that a candy cane hitting the 61.8 level before we knew it was going to consolidate?

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WInston Says:
June 8th, 2010 at 8:34 pm
Hi Brian!

When I access the fibonacci down load – message says “opened for read only” How do I get around that?

Winston

[Reply]
Rapid Forex Reply:
June 9th, 2010 at 10:15 am
@Winston, you need to save it to your computer. If you’re trying to open the file, you won’t be able to input any numbers. Simply “right-click” on the link and choose “save as.”

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Mark Says:
June 16th, 2010 at 1:19 am
should there be a candy cane/ umbrella handle for both the daily and 4 hour chart for a setup to be valid? or we only look for the direction in the daily charts regardless if there is a candycane/ umbrella handle?

[Reply]
Rapid Forex Reply:
June 16th, 2010 at 8:19 pm
@Mark – you’d need a wave on both timeframes.

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Yee Meng Kum Says:
July 10th, 2010 at 1:14 am
Hi Brian,

I have just signed up for the bootcamp on Saturday. Know that i am late comer… trying to speed up my reading over the weekend so that i can catch up with the rest for live trading.

Wonder if you can help me to check if i am correct in reading the EUR/JPY chart and applying the new knowledge that i have pick up from your website….

Daily Chart – Downtrend
————
4th May 2010 – break the uptrend and start the first wave (umbrella).

Point I – 125.34 (4th May)
Point II – 108.82 (25th May)
Point III – 114.13 (3rd June)

Status: Consolidation between 107.48 and 113.39 awaiting for 2nd wave.

4 Hours Chat
————-
1st July – Break downtrend and start an Uptrend.

First Wave
Point I – 107.51 (1st July)
Point II- 110.71 (2nd July)
Point III-109.12 (5th July)
Point IV – 112.12 (9th July)

Recommend to keep clear as Daily is Downtrend while 4Hr Chart is still uptrend. Wait for reversals and first wave to be formed at 4hr chart for Short Postion.

Please give me your comments….

Thank you and have a nice weekend.

[Reply]
Rapid Forex Reply:
July 11th, 2010 at 10:35 am
@Yee – I don’t comment on trades people post, its too time consuming for me with the hundreds of daily blog readers. I’ve approved your comment so that other readers can comment if they would like to help eachother out…

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Waldemar Says:
July 23rd, 2010 at 3:39 pm
Hi Brian,

This is regarding video #4B. I see you were trading EUR/USD. In 5.45 (min/sec) of the video you are saying that we would profit at the bottom of the swing. I don’t understand how can you make profit by selling the pair below the price you would have bought it for? I can see the price is going down.

Best regards,

Waldemar

[Reply]
Rapid Forex Reply:
July 25th, 2010 at 8:22 am
@Waldemar – you never make a profit by selling lower than you bought. If it’s a downtrend, you buy first – then sell. It’s possible in the video that I said buy when I meant sell, or vice versa. If it was a downtrend, you sell first, then buy back at a lower price. It’s still selling higher than you buy. It always has to be if you want to make profits.

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Tony Says:
September 28th, 2011 at 11:09 am
Hi Brian,
Would you recommend putting a trailing stop? say at 50% of the profit target?

Thankyou,
tony

[Reply]
Rapid Forex Reply:
September 28th, 2011 at 2:26 pm
A Trailing stop changes the method quite a bit, but it’s something you can experiment with in a demo account if you like

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