Tag Archives: forex rebellion

How to win the Forex Master Method prizes – iPad 2, $500 trading account, Amazon Kindle

forex master method

Hello there.

In my previous post I said that I will tell you how you can enter to win one of several prizes Russ Horn is giving away as part of his Forex Master Method product launch. So here I am with the details of how you can enter this contest. To recap, you have a chance to win one of the following prizes: first place – iPad 2, second place – a $500 trading account with a broker called TyTradium (don’t ask me about this as I never heard of them), and third place – an Amazon Kindle e-book reader.

To enter to win is really simple. All you have to do is visit the Forex Master Method homepage and make a comment by answering this question – “If you could spend one hour with me and ask me anything about Forex, but you could only ask one question, what would that one question be and why would you ask it?”

Pretty simple, no?

Good luck!

Cheers,

Alan

Russ Horn of Forex Rebellion fame releases Forex Master Method forex training course

forex master method

Hi everyone.

I just received an e-mail from Russ Horn letting me know that he’s got a new forex product coming out soon. The name of his new product is Forex Master Method. The Forex Master Method is a forex training course that seeks to teach you how to successfully trade manually.

Some of you may remember Russ Horn as the creator of what I think was a pretty popular manual trading system called Forex Rebellion. I remember seeing quite a flurry of activity on the Forex Rebellion thread on the Forex Nirvana Forum. His trading system earned some good reviews. It was by no means perfect but from what I observed it was not a scam and did work. I own a copy as a matter of fact and have used it in the past with success. So I for one am expecting something good from Russ.

Now bear in mind that his forex course is not yet available to the public. I was told that the official launch day is June 1’st. But until that day arrives Russ is planning on offering several pre-launch promos and giveaways. The very first promo gives everyone a chance to win a :

iPad 2, $500 broker account, or Amazon Kindle reader

I’ll make another blog post in a few hours with details regarding what you have to do to get a chance at winning those prizes.

Cheers,

Alan

New version of the free Forex Rebellion indicator is out

Hi everyone.  I have a bit of news for you. In a previous post of mine I announced that a member of the Forex Nirvana forum – jmw1970 – has created a “mod” or enhancement for the Forex Rebellion manual trading system. Well, it turns out that JMW1970 has released a new version of his free Forex Rebellion mod package, and you can easily get your hands on it!

You can get your copy right here:

http://www.forexnirvana.com/f60/forex-rebellion-1078/index57.html#post19516

Please note that this DOES NOT mean you’ll get the Forex Rebellion system for free. JMW1970’s mod requires that you have the original Forex Rebellion indicators. This is just to clear up any ideas that JMW1970 is distributing a pirated version of the Forex Rebellion system.

Enjoy!

Cheers,

Alan

Free Forex Rebellion Indicator

Hi everyone. I’ve got a nice forex freebie to share with you! This freebie is a mod for the Forex Rebellion manual forex trading system. A very generous member (jmw1970) of the Forex Nirvana Forum is sharing his custom indicator(s) for this trading system. Bear in mind you still HAVE to have an actual legit copy of Forex Rebellion so this indicator is only useful to those who already do. If you don’t already own a copy you can grab one by visiting the forex rebellion homepage.

Once you’ve got your legit Forex Rebellion indicator jump on over to the Forex Rebellion thread at Forex Nirvana and download jmw1970’s indicator package. Here is a direct link to what I believe to be the latest version of his forex rebellion indicator:

http://www.forexnirvana.com/f60/forex-rebellion-1078/index52.html#post19045

This may not actually be the latest version though so if you want to make sure I strongly recommend you go through the entire thread here:

http://www.forexnirvana.com/f60/forex-rebellion-1078/

Jmw1970 is currently testing his Forex Rebellion  modifications on a small live account. You can follow his progress here (if you want):

http://jmw1970.mt4stats.com/

He also mentioned in the forum thread that “..live testing will be complete end of July, [and] if all is well then the new indicators will be uploaded early in August.”

I hope you folks found this post useful.

Kudos to jmw1970 for his great work. Please, if you found his mod useful jump on the forum thread and thank him!

Cheers,

Alan

Forex Rebellion Test Account Took a Beating

forexrebellion.jpg

*Sigh* I feel like such a huge dolt. You know how in the Forex Rebellion training manual they tell you to always set a take profit and stop loss. Well, guess who decided to do his own thing – me! I thought I can squeeze more pips by lettings the trades run without a SL or TP set. My idea was that I can use my Jedi powers to sense when the market is reversing and close the trade at a small profit or small loss, or if the market is trending strongly ride out the trade until it loses steam. But my Jedi powers have failed me unfortunately. I also got caught up in other things and forgot about my positions. When I went to check up on them the forex gods have decided to toss my positions into the mega super drawdown zone. Epic failure on my part.

Thus my test account took a good beating. So I am going to start from scratch soon. Basically I’m back to square one my testing. Next time I’m going to do things by the book. For amusement purposes only here are my Forex Rebellion trades up until now:

9109009 2009.10.12 10:02 balance Deposit 100 000.00
9109492 2009.10.12 10:11 buy 1.00 eurusd 1.47305 0.00000 0.00000 2009.10.12 11:09 1.47552 0.00 0.00 0.00 247.00
9120808 2009.10.12 14:17 buy 1.00 usdjpy 89.929 0.000 0.000 2009.10.12 14:22 89.932 0.00 0.00 0.00 3.34
9123773 2009.10.12 14:57 sell 1.00 gbpjpy 141.932 142.314 140.970 2009.10.13 01:28 141.870 0.00 0.00 0.00 69.15
9154521 2009.10.12 20:00 sell stop 1.00 nzdusd 0.73135 0.00000 0.00000 2009.10.13 04:58 0.73700 cancelled
9154549 2009.10.12 20:01 sell stop 1.00 audusd 0.90439 0.00000 0.00000 2009.10.13 04:58 0.90721 cancelled
9202277 2009.10.13 11:06 buy 1.00 audusd 0.90834 0.00000 0.00000 2009.10.14 06:10 0.91294 0.00 0.00 0.00 460.00
9202319 2009.10.13 11:05 sell 1.00 usdcad 1.03039 0.00000 0.00000 2009.10.14 06:10 1.02833 0.00 0.00 0.00 200.32
9202404 2009.10.13 11:05 sell 1.00 usdchf 1.02441 0.00000 0.00000 2009.10.14 06:10 1.02011 0.00 0.00 0.00 421.52
9285342 2009.10.14 11:17 buy 1.00 gbpjpy 142.807 0.000 0.000 2009.10.15 15:11 146.829 0.00 0.00 0.00 4 447.74
9291702 2009.10.14 13:01 sell 1.00 nzdusd 0.73860 0.00000 0.00000 2009.10.14 20:08 0.73896 0.00 0.00 0.00 -36.00
9291722 2009.10.14 13:02 sell 1.00 audusd 0.91158 0.00000 0.00000 2009.10.14 20:07 0.91507 0.00 0.00 0.00 -349.00
9291795 2009.10.14 13:30 buy 1.00 usdjpy 89.804 0.000 0.000 2009.10.15 11:52 90.007 0.00 0.00 0.00 225.54
9333158 2009.10.15 09:11 sell 1.00 eurusd 1.49253 0.00000 0.00000 2009.10.15 14:46 1.49017 0.00 0.00 0.00 236.00
9347212 2009.10.15 13:22 sell 1.00 nzdusd 0.74114 0.00000 0.00000 2009.10.15 14:46 0.74491 0.00 0.00 0.00 -377.00
9372194 2009.10.15 21:58 buy 1.00 eurusd 1.49456 0.00000 0.00000 2009.10.16 06:02 1.49229 0.00 0.00 0.00 -227.00
9386242 2009.10.16 06:05 sell 1.00 eurusd 1.49195 0.00000 0.00000 2009.10.16 10:08 1.49102 0.00 0.00 0.00 93.00
9386419 2009.10.16 06:06 buy 1.00 usdcad 1.03413 0.00000 0.00000 2009.10.16 09:32 1.03307 0.00 0.00 0.00 -102.61
9386429 2009.10.16 06:07 buy 1.00 usdchf 1.01664 0.00000 0.00000 2009.10.16 10:08 1.01775 0.00 0.00 0.00 109.06
9390958 2009.10.16 08:01 sell stop 1.00 audusd 0.91806 0.00000 0.00000 2009.10.16 10:08 0.92114 cancelled
9390980 2009.10.16 08:03 sell 1.00 gbpusd 1.62624 0.00000 0.00000 2009.10.16 09:32 1.63426 0.00 0.00 0.00 -802.00
9425766 2009.10.18 23:37 buy 1.00 eurjpy 135.656 0.000 0.000 2009.10.19 05:45 135.081 0.00 0.00 0.00 -633.26
9438941 2009.10.19 05:02 sell stop 1.00 usdcad 1.03583 0.00000 0.00000 2009.10.19 06:26 1.03743 cancelled
9548862 2009.10.20 20:32 sell 1.00 gbpjpy 148.281 149.389 0.000 2009.10.21 08:20 149.220 0.00 0.00 0.00 -1 037.22
9565864 2009.10.21 04:02 sell stop 1.00 eurjpy 135.145 0.000 0.000 2009.10.21 08:23 135.384 cancelled
9567731 2009.10.21 07:17 buy 1.00 gbpusd 1.63973 0.00000 0.00000 2009.10.21 09:17 1.64773 0.00 0.00 0.00 800.00
9567787 2009.10.21 05:10 sell 1.00 eurgbp 0.90947 0.00000 0.00000 2009.10.21 09:16 0.90759 0.00 0.00 0.00 309.81
9576735 2009.10.21 09:35 buy 1.00 gbpjpy 150.061 0.000 0.000 2009.10.21 11:30 150.228 0.00 0.00 0.00 183.89
9588375 2009.10.21 11:50 buy stop 1.00 eurusd 1.49472 0.00000 0.00000 2009.10.21 12:44 1.49123 cancelled
9657956 2009.10.22 05:05 buy 1.00 usdcad 1.04663 0.00000 0.00000 2009.10.22 06:01 1.04686 0.00 0.00 0.00 21.97
9657971 2009.10.22 04:59 sell limit 1.00 audusd 0.92466 0.00000 0.00000 2009.10.22 05:27 0.92289 cancelled
9658150 2009.10.22 07:06 sell 1.00 eurusd 1.49745 0.00000 0.00000 2009.10.22 13:10 1.49999 0.00 0.00 0.00 -254.00
9659740 2009.10.22 07:01 buy 1.00 usdchf 1.00864 0.00000 0.00000 2009.10.22 13:10 1.00675 0.00 0.00 0.00 -187.73
9671048 2009.10.22 08:42 sell 1.00 gbpusd 1.65733 0.00000 0.00000 2009.10.22 13:11 1.65776 0.00 0.00 0.00 -43.00
9817174 2009.10.26 07:05 buy 1.00 eurjpy 138.221 0.000 0.000 2009.11.26 09:24 131.054 0.00 0.00 0.00 -8 252.54
9818992 2009.10.26 09:00 buy 1.00 nzdusd 0.75541 0.00000 0.00000 2009.11.26 09:24 0.72269 0.00 0.00 0.00 -3 272.00
10230504 2009.10.30 13:03 buy 1.00 usdjpy 91.250 0.000 0.000 2009.11.26 09:23 86.830 0.00 0.00 0.00 -5 090.41
10230535 2009.10.30 13:04 buy 1.00 usdcad 1.07173 0.00000 0.00000 2009.11.11 09:11 1.04597 0.00 0.00 0.00 -2 462.79
0.00 0.00 0.00 -15 298.22
Closed P/L: -15 298.22
Open Trades:
Ticket Open Time Type Size Item Price S / L T / P Price Commission Taxes Swap Profit
9830103 2009.10.26 12:39 buy 1.00 eurusd 1.50395 0.00000 0.00000 1.49035 0.00 0.00 0.00 -1 360.00
10641615 2009.11.05 14:35 buy 1.00 eurusd 1.48839 0.00000 0.00000 1.49035 0.00 0.00 0.00 196.00
11754359 2009.11.24 09:42 buy 1.00 eurusd 1.49087 0.00000 0.00000 1.49035 0.00 0.00 0.00 -52.00
11931124 2009.11.26 09:25 buy 1.00 eurusd 1.50896 0.00000 0.00000 1.49035 0.00 0.00 0.00 -1 861.00
0.00 0.00 0.00 -3 077.00
Floating P/L: -3 077.00

Word to the wise, you better not repeat my mistake. Remember to take profit when you can and to always set a stop loss. There are various SL and TP techniques suggested in the Forex Rebellion manual.

I’ll be back much much later with another performance testing result.

I wish you all successful trading !

Useful Links:

Forex Rebellion Homepage – http://alansforexblog.com/links/forexrebellion

Forex Rebellion Forum Thread – http://www.forexnirvana.com/f60/forex-rebellion-1078/

Alan

Forex Rebellion Performance Update – Oct 19 2009

forexrebellion.jpg

Hi there. As I promised in my introduction to the Forex Rebellion system (see this link), here I am with a update to let you all know how the  system is performing. Before I go on and post the trade results I’d like you all to know a few details regarding my methodology. First off I am trading on a standard 100K DEMO FXCM UK MT4 account. Second, I am trading on the 1 Hour (aka H1) time-frame. I decided this would be the best time frame for me. The system’s creator says you can use Forex Rebellion on any time-frame except M1 and M5 – specifically the system works with M15, M30, H1, H4, and D1. I am not in front of the computer for extended periods of time so for me M15 is not possible, hence my decision to trade on H1. For me trading on the H1 chart is sort of a “sweet spot” as far as how many trade signals I get using the system.

Here is my performance statement so far. When it gets bigger I’ll provide PDF statements but for now a simple copy and paste shall do.

9109009 2009.10.12 10:02 balance Deposit 100 000.00
9109492 2009.10.12 10:11 buy 1.00 eurusd 1.47305 0.00000 0.00000 2009.10.12 11:09 1.47552 0.00 0.00 0.00 247.00
9120808 2009.10.12 14:17 buy 1.00 usdjpy 89.929 0.000 0.000 2009.10.12 14:22 89.932 0.00 0.00 0.00 3.34
9123773 2009.10.12 14:57 sell 1.00 gbpjpy 141.932 142.314 140.970 2009.10.13 01:28 141.870 0.00 0.00 0.00 69.15
9154521 2009.10.12 20:00 sell stop 1.00 nzdusd 0.73135 0.00000 0.00000 2009.10.13 04:58 0.73700 cancelled
9154549 2009.10.12 20:01 sell stop 1.00 audusd 0.90439 0.00000 0.00000 2009.10.13 04:58 0.90721 cancelled
9202277 2009.10.13 11:06 buy 1.00 audusd 0.90834 0.00000 0.00000 2009.10.14 06:10 0.91294 0.00 0.00 0.00 460.00
9202319 2009.10.13 11:05 sell 1.00 usdcad 1.03039 0.00000 0.00000 2009.10.14 06:10 1.02833 0.00 0.00 0.00 200.32
9202404 2009.10.13 11:05 sell 1.00 usdchf 1.02441 0.00000 0.00000 2009.10.14 06:10 1.02011 0.00 0.00 0.00 421.52
9285342 2009.10.14 11:17 buy 1.00 gbpjpy 142.807 0.000 0.000 2009.10.15 15:11 146.829 0.00 0.00 0.00 4 447.74
9291702 2009.10.14 13:01 sell 1.00 nzdusd 0.73860 0.00000 0.00000 2009.10.14 20:08 0.73896 0.00 0.00 0.00 -36.00
9291722 2009.10.14 13:02 sell 1.00 audusd 0.91158 0.00000 0.00000 2009.10.14 20:07 0.91507 0.00 0.00 0.00 -349.00
9291795 2009.10.14 13:30 buy 1.00 usdjpy 89.804 0.000 0.000 2009.10.15 11:52 90.007 0.00 0.00 0.00 225.54
9333158 2009.10.15 09:11 sell 1.00 eurusd 1.49253 0.00000 0.00000 2009.10.15 14:46 1.49017 0.00 0.00 0.00 236.00
9347212 2009.10.15 13:22 sell 1.00 nzdusd 0.74114 0.00000 0.00000 2009.10.15 14:46 0.74491 0.00 0.00 0.00 -377.00
9372194 2009.10.15 21:58 buy 1.00 eurusd 1.49456 0.00000 0.00000 2009.10.16 06:02 1.49229 0.00 0.00 0.00 -227.00
9386242 2009.10.16 06:05 sell 1.00 eurusd 1.49195 0.00000 0.00000 2009.10.16 10:08 1.49102 0.00 0.00 0.00 93.00
9386419 2009.10.16 06:06 buy 1.00 usdcad 1.03413 0.00000 0.00000 2009.10.16 09:32 1.03307 0.00 0.00 0.00 -102.61
9386429 2009.10.16 06:07 buy 1.00 usdchf 1.01664 0.00000 0.00000 2009.10.16 10:08 1.01775 0.00 0.00 0.00 109.06
9390958 2009.10.16 08:01 sell stop 1.00 audusd 0.91806 0.00000 0.00000 2009.10.16 10:08 0.92114 cancelled
9390980 2009.10.16 08:03 sell 1.00 gbpusd 1.62624 0.00000 0.00000 2009.10.16 09:32 1.63426 0.00 0.00 0.00 -802.00
0.00 0.00 0.00 4 619.06
Closed P/L: 4 619.06

As you can see, in only a few days I pulled in roughly $4000 in profit. Some of those loses should not have happened, but what can I say, I’m still getting used to trading the system, and admittedly I’ve made a few mistakes and misinterpreted a few signals. I hope come this trading week to improve my success rate and rack up some more major pips.

I’ll get back you all with another update possibly by the end of the week.

Cheers,
Alan

Useful links:

Forex Rebellion Homepage
Forum thread where you can discuss this system with other traders

I Started Testing Forex Rebellion

forexrebellion.jpg

Hi there. A few days ago I introduced you to a new manual forex trading system called Forex Rebellion (see this post.) Well, after seeing some very positive comments regarding this trading system on a Forex Nirvana forum thread I decided to jump on the bandwagon and give it a try.

So, I now officially own the Forex Rebellion system and have it nicely setup on a demo FXCM UK MT4 account. The system’s creator uses FXCM UK MT4 so I figured I may as well use the same platform to make sure I follow his setup “to the letter.” For me this setup works quite well because once I decide to go live I’ll be placing trades on FXCM’s TradeStation II platform.

Since I don’t have as much free time to trade as I once did I opted to run the system on the H1 chart. The author claims the system can be used successfully from the 15 minute time frame all the way to the daily (D1.) For me H1 strikes a nice balance, but if I find myself missing too many signals I’ll move on up to the H4 time frame – we shall see.

Here is how Forex Rebellion looks like when it’s setup (click on the image to see the full screenshot):

Just before I took that screenshot, Forex Rebellion gave me a very clear short GBP/JPY signal which I promptly executed, and as I type this I’m roughly $100 in profit. And just before that I had two other successful trades. Here they are:

9109009 2009.10.12 10:02 balance Deposit 100 000.00
9109492 2009.10.12 10:11 buy 1.00 eurusd 1.47305 0.00000 0.00000 2009.10.12 11:09 1.47552 0.00 0.00 0.00 247.00
9120808 2009.10.12 14:17 buy 1.00 usdjpy 89.929 0.000 0.000 2009.10.12 14:22 89.932 0.00 0.00 0.00 3.34
0.00 0.00 0.00 250.34
Closed P/L: 250.34

Not too shabby if you ask me! So far I can honestly say I like the system. It seems well thought out and quite accurate so far. My only concern is how well it will trade when the market is choppy. Also I do hope the system will continue to work far into the future. The system’s creator mentioned in the members only intro video that he’s been trading the system for several years, so hopefully it has many more years of life left in it.

Before I end this post I should mention something so you folks don’t end up being confused. In the above screenshot you may see that there is an “EA” attached to the chart. It is NOT an EA that automates the system, it is merely a trade helper tool.

That about does it for this post. I will be back with regular performance updates as I continue to test this system for the long term.

Now, if you wish to grab yourself a copy of this trading system please see the Forex Rebellion homepage at:

http://alansforexblog.com/links/forexrebellion

Happy trading!

Cheers,
Alan

Forex Rebellion

There is a new commercial forex trading system buzzing about the forex community. The system is called Forex Rebellion, and its creator goes by the name of Russ Horn. I first heard about this system from Mark McRae of Old Tree Publishing who as far as I can tell is providing the website/marketing support system for Russ’s system. By the way, Mark is the guy behind the Surefire Trading Challenge – but that’s not really all that relevant to this post, so why am I typing it. Anyways, moving on!

Forex Rebellion is a MANUAL trading system NOT an EA – all you EA jockeys look elsewhere. On first impression the system looks interesting. I saw Ross’s video (on the Forex Rebellion homepage) where he gives people an example live trade and it looks like the system is based around a few indicators for the MetaTrader 4 platform (MT4) on the M15 time frame. What Ross does is generate the trading signals on the MT4 platform and place the live trades on another non MT4 broker – FXCM being the one he used in his video.

As far as how profitable this system is Ross claims 90% Winners – 36.37% in 5 Days. Seems lucrative but I’d like to experience this myself. That’s why I’m thinking of getting myself a copy to test/review. One thing that may appeal to some of you (such as I for example) is that the system used the M15 chart which means that you should be getting a large number of trade setups. On the other hand the disadvantage of this time frame is that when a pair is stuck in a range the system may breakdown. But then again I really should not comment without first fully understanding how the system works.

I’ll get back to you guys with more news/updates regarding Forex Rebellion. For now though if you’re curious to learn more than just the brief overview I’ve provided I recommend you simply visit the Forex Rebellion homepage.

Also there is a forum thread where you can discuss this forex trading system. See this link:

http://www.forexnirvana.com/f19/forex-rebellion-1078/

Take care everyone,
Alan out

UPDATE: I started testing the Forex Rebellion system (yes I bought it finally!) See this post for details:

http://alansforexblog.com/2009/10/12/i-started-testing-forex-rebellion/