I've followed hundreds of hours of this guys FREE training, i've used his strategies myself to a large degree of success and never one had one reason to believe he has an ulterior motive behind helping others become better traders.
And let me make very clear that there is no way to validate a strategy other than to test it yourself. I'm not posting ideas here to try and prove to you what a good trader I am. I'm doing it to try and help you. If you don't want my help don't follow what I do. But don't be condescending and dismissive of what I'm trying to do just because you're jaded.
I absolutely agree with the term "news-luck"..,
I have no intention to pass a negative emotion on your strategy., neither can i question a strategy without full knowledge and hands on experience on it.
However picking up an ideal price movement from past and advertising a strategy does not speak high of a trader or a strategy.
Please don't drain away the reputation and brand built up for TradeEmpowered with these marketing stunts.,
By the way I watched your training videos on youtube., I liked them., I believe you are a good trainer.
I love your stuff. I decided to try my first Fib Inversion trade today (on demo, haven't backtested it yet), on the USDCAD 1 hour,
and you can see for yourself how it played out. It never looked back. :)
Would you mind emphasizing how you put your stops and targets on this setup?
I decided to put my stop at fib 1.13 above previous high, and target on retest of previous low. Only 1 position.
Considered using 2 positions with targets at 0.382 and 0.618, but that would give a reverse RR for first target in relation to where I put my stop.