When I joined Strignano’s Forex Signals, I knew it was something I wanted to take seriously. Why? Because this Forex service is unlike anything I’ve come in contact with before (and I’ve tried a lot of systems and services), and I IMMEDIATELY saw the huge potential here. I mean, my goal is to make consistent profits trading Forex, and I see this service as the perfect vehicle to get me there.
This is part of the reason I started the blog, so that I would put in the effort to learn and transmit my experience to others thinking about joining the service. This is why I’ve done close to 70 posts which include my thoughts, example trades, videos, chart photos, etc. Heck, I took this so seriously I had a Forex trade manager expert advisor created to help me manage the trades after they were placed. (It’s called Forex Trading Troll if you are interested).
So, after over 3 months using this service I’ve noticed a couple of things…
- Some Forex traders are CRAZY successful using this service… seeing gains they only dreamed about before.
- Some Forex traders are HUGE failures using this service… and never figured out how to profit from the service.
So, I got to thinking… what is the difference between the successes and the failures? Why do some traders watch the training material, use the levels and trade the systems and signals and start pulling pips out of the market with ease? Why do other traders with access to the SAME training, levels, systems and signals struggle, get frustrates and eventually quit?
The simple answer is this…
Strignano’s Forex Signals is not for everybody. Just like every person who joins a karate class won’t become a black belt, and every author who writes a book won’t become a bestseller… every trader who joins Strignano’s Forex Signals won’t become an instant success.
But I am of the opinion that success can be learned. So, I am going to be doing something here on the blog with the objective of making more success stories using this service. I think it is worth taking the time to do this… because once you “get it”, it can change your life forever. I hope this is something you are interested in.
I’m calling this little “project”…
Strignano’s Forex Signals Bootcamp!
This “Bootcamp” has 3 objectives:
- To help interested Forex traders determine if Strignano’s Forex Signals is the right solution for them BEFORE they waste their time, my time, Carlos’ time and Tom’s time
- To help those that might have ALREADY joined Strignano’s Forex Signals but haven’t yet put it all together get the extra push they need to be successful
- To help those that are suited for Strignano’s Forex Signals hit the ground running and become the next success story as fast as possible
In the “bootcamp” I’ll be going over…
- The Importance Of Trading Psychology
- Proper Lot Size And Money Management
- Combining The Different Trading Systems
- Coming Up With YOUR Trading Plan
- Keeping A Trading Journal And Tracking Your Progress
So, once I get more done on the project, I’ll let you know. It is my true desire to do what I can so you can be one of the successful Forex traders using Strignano’s Forex Signals. For me, this service is a “dream maker” (for those who take it seriously and do their part to make it work).
If you have any suggestions or something you feel you need to make Strignano’s Forex Signals work for you… please leave a comment below!
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hey Ed, can’t wait to hear what you have to say. please don’t hold anything back. thanks
Hey Kevin,
I really think some traders are really missing out on a tremendous opportunity here… and I hope what I have to share can help more traders use Strignano’s service to full potential.
Ed,
Do some of the people fail because they don’t follow the instructions exactly?
The sales page makes it seem very simple and absolute.
You are told to buy/sell ABC at this price and buy/sell at this price.
Is that how the Strignano Forex Signal Service works?
How can someone screw that up?
Thnx
Great blog by the way.
Hey Scott,
Thanks for bringing this up… I think you’ve hit the nail on the head as to what the real problem is.
Expectations.
If you joined Strignano’s Forex Signals expecting to get signals with entry, stop loss and exit targets, and all you have to do is plug in the orders to your trading platform… you will be disappointed.
This is the exact reason I spend so much time on this blog telling people that this is more a mentoring service than a traditional signal service. You are taught how to trade and make decisions like a real Forex trader, and given tools to help you make those decisions. By tools I mean important levels like pivot points, Daily Range and Trend Reactionary Numbers. You don’t just mindlessly plug in numbers when you get a signal… you actually have to think. (And I think this is what some people want to avoid at all cost).
Here is what really happens when you get a signal…
You get a signal that has Entry, Stop Loss, Market Exhaustion and 6 Price Targets. The you go to the charts which have Tom’s levels on them and see WHERE the signal is given. Then you have to DECIDE if you want to take the trade or not. For example, if the signal was to go long and you are right underneath a major resistance level… should you take the signal? If the signal is short and you are right above a major support level… should you go short?
Of course not. This is basic trading. Don’t buy into resistance and don’t sell into support.
The levels on your chart are like a map. When you get a signal, you see where on the map it is given and decide if you want to take the trade. All signals are valid in that they are give at a high probability areas, but you must then make decisions based on other factors… like support and resistance levels.
Now let’s say you get a signal and decide to take it because everything looks good on the “map”. The you use the price targets to measure market momentum. The most important levels are the 1st and 2nd targets (you want to see price get there as soon as possible). If it breaks these levels, you look for price to go to the next levels.
Here is the funny thing… even trades that are tremendous successes have some people upset because they are not told EXACTLY when to exit. Every trader need to come up with their own exit strategy. You’ve probably seen here how I talk about how I move my stops and take partial profits. That is my way of doing it… and I even created a Expert Advisor (Forex Trading Troll), to help me manage the trades after they are placed.
Well, some people don’t want to figure out when to get out of the trade with profit, because again it involves thinking.
There is a lot more to this that I will be going over when I get into the Strignano Forex Signal Bootcamp. But this is just some things about the signals. (There is much more to this service, like Head Fake Filter Trades, trading the Trend Reactionary Numbers, Catapult 80 Trades, etc.)
Basically, traders who are successful with the signals get signals and then decide whether or not to get into the trade based on the “map” on the charts. If they get into the trade, they manage the trade using the levels in such a way as to protect their capital and capture profit. When they do that… SUCCESS!
Traders who get into every trade without thinking, and then don’t manage the trade to protect capital and capture profits get chewed up (unnecessarily) by the market and frustrated to see even winning trades turn into losers. When they don’t think… FAILURE!
I’ve been working on what I’m going to go over in the bootcamp… and I have to say people who pay attention are going to have an advantage. But the responsibility is still theirs to take advantage of the info I provide and APPLY what they learn by thinking. Trying to do anything (especially something like Forex trading), without thinking is the quickest way to fail.
By the way, the Expert Advisor which trades the signals on autopilot comes out on November 9th. “AHH”, you say, “Now I can become a millionaire overnight trading Forex without thinking”! Wrong again. The EA has 30 setting you need to program in so the EA trades the signals according to your trading strategy. Now, how are you going to program the EA if you refuse to think and come up with your winning strategy using all Tom’s amazing tools? (I just wanted to get that out there before someone says they can be a huge Forex success without learning anything or thinking).
I can already tell my bootcamp series is going to make a lot of successes at Strignano’s Forex Signals… or at least keep those that won’t benefit from the service from wasting their time or money.
Stay tuned for some important info about trading Forex in general, and specifically how to trade Strignano’s Forex Signals for unbelievable success. (If you are willing to think and apply yourselves.)
What do you think? Why would an efficient signal service even come out with a
recommendation ( signal) to Buy at an area of resistance or sell at an area
of support ?? How/ why would a signal be generated at those ponts ??
Doesn’t sound right ..
Thanx for your tine , Ed .
Ah ha! Many of the subscribers to the service have asked this same question.
You see, this is so much more than a “signal service”. (I personally think they made a mistake in the name). There are so many other set ups you can look for on the charts. Frankly, the signals are only a small part of the HUGE potential this service provides.
Here is an example…
Let’s say you get a signal to go long. When you check the charts you see that the signal came out right below a Trend Reactionary Number (a major resistance level). So, you decide not to take the trade. BUT… you see that a Head Fake set up is forming right at the TRN (a major clue that the TRN should hold). So you take the Head Fake/TRN bounce which runs for over 200 pips!
I’ve seen this happen on many occasions.
You see, the signals draw your attention to the charts when the market is out of balance. This means something is likely to happen. It could be what the signal dictates, or it could be something else like a Head Fake or TRN trade. But the signal draws your attention to this area so you can DECIDE (think) on which action to take.
If they filtered out all those trades you would not be drawn to the charts so you could make a decision. Then everyone would be complaining that they DIDN’T get the signal.
The point is this… Strignano’s Forex Signals is a Forex service designed to help you become real Forex traders using the tools and trading methods of Tom Strignano. The signals are only one of the tools. This is not a service designed to turn you into a lobotomized order taker… just placing buy and sell orders when they come out.
Frankly, if you join this service with the intention of only placing the signals, and not with the intention of learning the trading methods Tom provides… you are really missing out on a tremendous opportunity.
I hope this helps with some of the confusion.
Ed, great explanations and thanks for taking the time to do it. It really clarifies things for us.
I think you summed up expectations versus reality very well.
When people go to the forex signals website they see the large text that states “if you can read an email you can tap into unlimited forex wealth”.
So it sets up the reader to have the expectations of buy and sell what and when I tell you to.
I understand it’s marketing and its a sales page designed to convert browsers to buyers, but it seems misleading and potentially fraudulent.
You say that to be successful the buyer must use their own forex skills, the forex signals letter states otherwise.
______________
“No more… straining your brain over charts and graphs
No more… rubbing your eyes searching for entry and exit points
No more… risking your hard earned cash…
No guesswork, no risky trades, no brain-numbing research or tricky timing.
You get a trade sent to your email or a text to your mobile phone. Make the trade that instant and cash in BIG!
I’ve taken out the need for any knowledge, for any risk, for any guesswork.
Simply pay attention to the signals I send you… and you’re golden!”
_______________________
I guess it really calls Tom Strignanos integrity into question if the product he delivers doesn’t match the product he is selling.
What are your thoughts on this?
Perhaps I’m way off base.
There are thousands of people who are looking to be spoon fed forex trades, either with full EA’s or with a signal service.
What do you recommend for those of us who aren’t really interested in learning anything beyond basic buying and selling based on the advice of the experts who are being paid to give said advice?
Hey Scott,
I’ll answer both of your previous comments here…
Tom’s integrity is not in question. In my experience with Tom and the service, they over-deliver and do everything possible to give traders an EDGE that will make them a huge success. Ongoing trading webinars, videos, written material, strategies, trading tools, his levels (like the Trend Reactionary Numbers), etc. There is no question that Tom wants us to be successful Forex traders and does everything possible for that to happen.
The problem potentially is that Tom is a trader… the marketing is done by someone else. This might explain the conflict between what you believe is being offered and what you think is actually being offered.
As for you second comment…
I’ve thought about this a lot. I know there are a lot of people who don’t want to learn anything about Forex trading… they just want to make huge money in the currency markets. And I think this desire is not realistic. I guess the only thing you could really do is get a managed account.
OK, you are paying an expert for his advice. Well, that is exactly what this service gives. Training, tools, methods, indicators, etc. so you can make decisions based on Tom’s way of trading and his advice. But I think that is not really what people want. They don’t really want Tom’s advice… they want Tom to do the trading for them.
People want to pay Tom a couple of hundred bucks a month, and have HIM make them thousands in return. They don’t want to benefit from Tom’s experience to gain an advantage in their trading… they want him to USE his experience to make them a fortune for doing next to nothing. I hope understand the distinction here.
I think this is the exact reason some people (who normally would be very successful with this service), are not successful. They don’t get to the point where they realize being successful is their responsibility… not Toms.
I’ve tested plenty of Forex trading systems that I believe are worth the money and can be very successful. But I can’t think of one that completely removes your responsibility. I’m testing one today and it had 6 winning trades… for me. Why do I say, “for me”. Because I managed the trades profitably. I can’t guarantee that you would have done the same, because it depends on how YOU decide to trade the signals given by the strategy.
I know this is probably not the answer you were hoping for, but I truly believe that if you are to be successful in Forex, you need to understand that your participation is required. It does require some work and effort on your part. But I can’t think of anything that gives such a huge return for your efforts in such a relatively short period of time.
yeah Scott, i traded the signals and took every signal that came out in the beginning. i had more losses than winners but somehow came out breakeven after three days. 2 factors were – i traded the Asian session all 3 nights and New York once during those 3 days, and i had no money management rules in play. I wouldn’t have taken half those trades if i had a set risk % that i was willing to lose. After i set my risk management rules in play, I would only take a total of 3 trades at a time with lower risk on each trade. Once the trade was in profit I brought the trades to breakeven, then I would maybe take another trade but only if my risk capital would allow me to. Then I took my money management rules and applied them to only trade the London session after Carlos said he only traded at those times and the signals were based around that time frame to catch the biggest breakouts. I watched the daily recaps and webinars to understand the levels and pivot points and my results were amazing, night and day from the first 3 days. I stuck to my rules and did not vary the next 10 days and was amazed how well a newbie like me could rack in over 1,600 pips in 2 weeks. Mostly all the gains came from the 2nd week. I hope this helps. In my experience the London and beginning of the New York sessions were my most profitable.
Hey Kevin,
Thanks for your input! This is exactly what I am talking about. You put in the effort to learn what was provided, came up with a plan and STUCK to your plan. And the result of your efforts was 1,600 pips in two weeks.
I don’t care how you cut it… that is a huge success story.
And I imagine with more time and experience you will refine your trading plan even more. But I think you are doing a spectacular job and it just goes to show the amazing gains in short time periods using what is available in the service.
Keep up the good work and check out my bootcamp posts when I get started. I’d like to get your input as well.
After i purchased the head fake master system, i have some pretty good gains without the TRN’s. I use the pivot calculator to set my base pivot and resistance and support levels but there was a lot of trades I would not have taken if I had known where those TRN’s were. Head fakes combined with the signals and knowing where the TRN’s are, I would just be that more profitable. P.S. I only listen and adhere to what Tom teaches and how he trades. I haven’t had to unteach any bad habits in Forex, mainly cause I didn’t have any cause I am pretty new at this. After I set my trading rules and figured out what kind of trading style I’ll have, the results have come in greatly. Now with becoming very knowledgeable with the head fake system, I think I’ll be in the best possible position to hit the ground running when I get back on board. Thanks again for the blog, it is helping me stay current until I can get started again. After I get started, i’ll keep you posted on your blog of my pure honest results, either good or bad lol.
Yea, the TRN’s are really powerful.
What you said about “unlearning” is very important. Some people adhere so strongly to what they learned in the past (even though they didn’t make any money), that they resist what Tom teaches. This is a big mistake.
As you know, Tom is a pretty aggressive trader. I’m going to go over some more conservative ways to trade with the tools Tom provides. But I recommend listening to Tom FIRST and then seeing if you need to modify what he teaches to fit your style. He is the master, after all!
I don’t mind posting my results weekly if you want when I get started.
Sounds great!
you have been very helpful to me so i will return the favor for you and your readers.