Would You be Interested in Seeing my Live and Annotated Charts?
I mentioned it in a blog post on Friday, if you haven’t already done so, you can read my thread on BOD: http://www.binaryoptionsdaily.com/forums/general-group2/strategies-profitability-techniques-forum1/anyone-interested-in-seeing-my-live-streaming-and-annotated-charts-thread901.0/
At this point in time, the idea is still in development and I need your feedback to gauge the demand of this service. So, please go to the thread link above and comment.
I’m making this post now to outline the full details of this new learning tool/service. This idea sprung from an idea I had planned earlier this year, for those of you that were on my blog/twitter in January. You’ll remember that I tried to alert upcoming S/R lines and trendlines, potential trades etc to help people spot these things. This ended up being too tedious on my part plus way too time consuming. Thus, I stopped and the idea subsided till now. The idea now would be to use some type of conference site to stream my live charts during certain hours of the time (primarily London and New York sessions).
PLEASE NOTE: This is unlike traditional signal services or anything of that sort. I’m simply streaming my live and annotated charts during market hours.
- I won’t tell you explicitly what trade to take, which is why the primary function of this is a learning tool/service. The final decision for where/when to enter a trade is up to you to decide.
- Given what I’ve taught in my video series about Price Action, you should be able to utilize this service to aid yourself in learning how to draw S/R lines or Trendlines. After using this service, it’ll hopefully/eventually lead you to learn when to place trades as well.
- I’ll occasionally state warnings such as “monthly support coming up, be careful” or “news is coming out at 7:00am, be careful”
- Even though the conference sites will have a function to speak/chat, I won’t be using these. It’s just going to be a silent room with my streaming charts on the screen.
This is only for you if you exhibit the following characteristics:
- Willingness to learn, have time and effort to put into this
- Not lazy, don’t need to be spoon fed or have your hands held
Potential benefits of this service:
- Depending on when you trade during the day and if it coincides with the hours I stream, technically speaking, you don’t even need your own charts open. You could essentially (after demo) just use my charts as is while trading. This would replace your own charts assuming we watch the same pairs.
- Lets you see charts thru the eyes of an experienced trader as they’re forming.
This service will likely feature “guaranteed” service hours with a large upside bonus number of hours. As you all should already kn0w, my Masters in Economics program starts in mid-August. This will affect my daily schedule because if I have 8am morning classes, obviously I can’t be in two places at once. Most likely, the hours of service will be as follows:
- Guaranteed service from the time I wake up around 4:30am to 7:30am EST
- Bonus hours range from 7:30am EST onwards depending on the day.
- During the summer/holidays, I can annotate charts up till 12:00pm EST easily
- If I’m lazy, I could simply just leave the charts up and not annotate them. This way, you have my charts to look at rather than have to redraw them yourself.
- A combination of #3 and #4 can happen as well, I could annotate up to whatever point, say 10am EST then just leave the charts open until 4pm EST.
- BUT keep in mind, #1 is guaranteed while #2-5 are bonuses, so don’t take that into consideration when you calculate the value of this service.
Onto the more pressing issue, costs! How much is this going to cost?
- I’ve mentioned time and time again in my video series that I never intend to charge anyone. Depending if I get a partner to do the back-end for me or not, that will determine which payment route I go.
- If I do it myself, I will probably just attach this service as a bonus onto the tutoring promo. I haven’t worked out the details yet but will either give students access to this service as a bonus for a short time, then allowing them to extend it with payment.
- If I do it with a partner, we’ll probably charge from the beginning.
- Since this is unlike traditional signal services, the costs will be a fraction of what other people charge. BOPS charges $97/month, BOTS charges $97/2 weeks, BOB charges $198/month, etc. They average between $3.23 to $6.6 per day, I’d charge a fraction of that. So for a buck or two per day, this is definitely a good learning tool to have.
Lastly, I will most likely run a public trial for a couple days next week to let people see what they’d be getting. I just want to remind you all once again, that the primary purpose of this is to provide a learning tool to help people figure out how to draw S/R lines and trendlines. Of course, you’re more than welcomed to trade it (once again, to your discretion) and considering the minimal costs involved, some might be inclined to subscribe for long periods of time (or until you figure out how to draw them on your own).
PS: Once again, if you haven’t done so already, please go to my thread on BOD and comment there so that I can gauge the demand before developing this service further.
Kind Regards,
Brian