Aston Martins & Balconies

Today I announced the impending arrival of Blash Strategy Version 4, now that may mean nothing to you and that’s fine. But essentially its not a strategy, its a trading philosophy based on common sense. Version 3 was 35 pages long and is revered by those that follow it as a bible in common sense trading.

It got me thinking about all the common failures you see within every Facebook trading ad, and the people it attracts. Everyone loves a get rich quick scheme, you are easy money for these vultures. If you sign up to a service because you see a post of someone leaning across an Aston Martin’s bonnet, you may as well throw your money into the autumn bonfires. You’ve lost the game before you even begin.

It isn’t about money, it really isn’t. Its about life, its about wanting to be free, its about keeping hold of and compounding your savings as a percentile not a dollar sign. Not throwing 50% account risk on a Bitcoin buy because some moron on Instagram told you to do so when you joined their Whats-app group. If you want to grow your funds, put in the time to educate yourself, ignore the money and find what works.

These people in their flashy cars, generally pay a lease. A lease bought with yours and everyone else’s subscription fee’s. Fast cars are not the answer to life problems. My 1.6 Renault Megane with the window that doesn’t open and the squeaky wheel bearing, that does me just fine. Common sense does not dictate that I waste money on a flash car at this stage in my life. Discipline within Forex should transpose itself into everyday life, including how you spend your money & how you treat your family. It doesn’t need to be used to entice poor individuals into becoming emotional about money before they have even begun treading the trading journey. I find it funny that everyone apparently owns a penthouse apartment and leaves their laptop open on a coffee table with an MT4 chart on display with a beautiful view. You don’t really fall for that do you?

When you think about what you actually get out of these schemes, you literally have a return of 0. If you’re lucky they may teach you some basic’s about their personal strategy which is the best ever created and so you can hugely over-leverage your account to be part of the action. A little lesson for you, something that may work for them probably wont work for you. There is no sustainable value for you, even if you do gain a little money, education is far more valuable for the longevity of your trading career. I’ll summarise 90% of these groups up for you.

  1. Short Time-frame
  2. Oscillator indication used in some way to show overbought / oversold levels.
  3. Multiple Lots at huge account risk.

What you’re not told is that price can stay overbought/oversold for hours on short time-frames, that’s where you lose your money. Because the trade goes against you and your account blows, but its not your fault, because you don’t know any better.

That’s why we don’t show you that stuff here. I can show you trade idea’s before and after, I can show you how to enter and find confirmation, its a large hand guiding you down your own path using your own style in conjunction with common sense trading under the umbrella of Blash philosophy. Its nothing fancy, there’s no hype, there’s no bullshit. Its just trading. I can show you how to make 20% a week, its happened many times here. With just 2% risk per trade. We’re talking about losing pocket change if for some reason it doesn’t go your way. Its a no brainer.

I want longevity in a trading team. In a shorter time than you think, you will be helping me and others around you instead of their being a focal point of one trader. Its already like that here, its brilliant.

If you agree with me, share this post. If you don’t, call me on it.

Blash Hot-spots (V3a)

As Blash philosophy has evolved over-time there are some aspects that I have learnt to depend on when it comes to progression and longevity. One of them is extensive journal-ling (I recommend Edgewonk), the other is quick-fire back-testing (I recommend Tradingview Rewind). What worked previously will probably work again. This last week has provided a really key insight into how to accelerate growth even more than has previously been possible.

We’re talking about a philosophy and mental state that has had one losing week in 11 months since being showcased, but we’re not talking about greed here when we talk about accelerating growth, we’re talking about natural profiling. Figuring out the secret’s to how pair’s really move and being to switch between them with such an outrageous advantage that it is almost criminal, using basic, common sense of Trend trading between PRA’s and squiggly lines telling you to get in. (Link to Introduction & Trade Management Zoom)

Profiling Example

For anyone in the team, you’ll find an ongoing spreadsheet of a profile for each FX pair being built within the PFX Team Dropbox using coloured key attribution on each confirmation we use within Blash philosophy, and hopefully a handy note to state what kind of Price Action to use it in conjunction with. My hope is to have the GBP pairs complete with Level 1 profiling by the time the weekend is out.

pfx tools screenshot

This really is the next level. What people look for when they want to trade FX successfully, this is it. This is why there are no signals here only set-ups. If you learn how to apply the information given as the team are doing throughout, the sky is the limit.

Level 1 profiling has started on all pairs and will be updated live on the spreadsheet. Once this is complete, Level 2 profiling will be a more extensive process diving into each pair and precisely adapting settings to see if we can get that magic dark green colour on each confirmation. Dont underestimate the amount of work that will be going into this, but then thats why people learn through PFX and can literally see their future laid out in front of them.

Exciting times,

Pardo.

Team Schedule – November

All Zoom meetings at 20:00 London time unless otherwise stated. Each session will last at least an hour but you can come & go as you please. All sessions are recorded and placed into the appropriate unit within the group (Which can be navigated Here)

‘Monkey See Monkey Do’ sessions are on FB Live and are randomised. I backtest live (Rewind Tool) using a random style, chart, date and timeframe picked by a member. Very close to real trading, but a hell of alot quicker.

November Schedule

PFX Trading Basics Zooms

Focusing on a different topic each time, usual a topic of discussion within the Telegram Channel from that previous week.

3rd, 11th, 19th, 27th

PFX Q&A sessions

Ask anything sessions, come with questions. Any subject required will be covered.

6th, 14th, 22nd, 30th

Strategy Specific Training

Covering BLASH specific strategy and Trade management, usually surrounding member requests or progression through ‘BLASH Strat’ PDF.

9th, 24th

Psychology & Mentality Session

The hardest part of trading we will be pushing this into the schedule after the success of the first mentality focused PFX Q&A session, and it may play an even bigger role in the future. Come here with your emotions.

14th

Market Overview

4th, 11th, 18th, 25th

Tranche 1 Payments

Any Subscribers between 1st & 15th will require to be paid up by the end of the 15th each month. (Click to Subscribe)

Tranche 2 Payments

Any Subscribers between 15th & 30th will require to be paid up by the end of the 30th each month. (Click to Subscribe)

Weekly Review 26th October

What a week, patience pays virtue. For a period of time the Blash set-ups were on hold partly due to family circumstances, partly due to choppy unpredictable markets, awaiting some direction. But its all good, there’s so much training to be done. Its important to remember, you don’t have to trade every day. You wait for the market to come to you and give yourself the best set-ups with the smallest amount of risk. The smaller the risk, the greater the profit. Its nothing more than common sense. So when you see some direction, the markets become logical. Hence why I posted this at the beginning of the week & followed it up at the end. Momentum on the USD, so lets look at the Greenback primarily this week.photo_2018-10-25_19-21-25

What happened over the next 5 days was a succession of not many trades, but massive compounded growth. Here’s all the Set-Ups in the channel that were taken, presented beforehand…

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And here is the position at the end of the week.

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Instead of promising the world, promising that it is easy to make alot of money, I am promising reality, opportunity and good, solid analysis without hindsight. Money creates emotion, you don’t need to see my account balance when I consistently show you the potential and provide you with actual education to allow you to enter these trades and those that you find in whatever style that suits you. That’s what we do here, that is PardoFX personified.

Some more fantastic zoom sessions helped some of the guys further on the journey, its exciting to see the progression. We introduced ‘Monkey See Monkey Do’ where you provide a task for myself to back-test allowing me to show you how to trade in as close to live trading as possible using past price action & strategy.

This next set of slides demonstrates the power of the above trades. They have all been closed out for the end of the week but they do have holding potential so some of the guys may still be in them. No more than 2% risk per trade, 22 Trades over 2 months, 120% compounded profit on the ‘BLASH Journal’ account, I wont show my real account, I dont need too. This is simulated based on the set-ups posted without hindsight, so it isn’t hype, its potential. This week demonstrated perfectly what we always talk about.

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This is actual trading, there are no pictures of me lying across an Aston Martin. This is education. This is a phenomenal place to enhance your trading ability, this is PardoFX. No hype, no bullshit and definitely no network marketing. Those people posing on their Aston Martins on your Facebook feed? They buy or lease them from the money gained from your emotional, get rich quick minds through subscription and network marketing.. Not their trades or their analysis. Think about that. The people within the team understand that, the cars, the boats, the houses, they don’t matter in the short term. And that’s why they are flourishing.

Weekly Report 21st September

This week proved pivotal I believe for two reasons, the first being that it marked the return of some proper Swing Trades to the Set-Ups Channel & the second being that it marked the introduction of psychology training in our zoom sessions which will have a huge impact going forward, there was lot of use in that PFX Q&A Psychology Special.

The Weekly Market Overview indicated early on what I could see happening and again that also played out beautifully. We finally got some clear direction on the US Dollar as it broke below 94 but also the Australasian markets gained some overdue strength. So early in the week we had some beautiful swings setting up.

Unfortunately at a couple of points there were some poor entries made by some members which raised some great discussion about Blash principle which i believe has really brought everything home regarding how to enter these trades, and there is alot of guys that have caught these swings this week. Myself, well only two of these set-ups made it into the Journal as I was at work for a couple of the entries but it really does bring it home that you don’t need to catch everything in order to compound that account.

Overall though the set-ups channel at the point of calculation had another staggering week of 925 pips 6 wins no losses and its actually increased since this point, those still holding GBPNZD have 400 pips and those in GBPAUD now have around 250, crazy swings, none too difficult to catch with the correct methodology applied.

Our week isnt over yet though, with a BLASH Zoom scheduled in for tonight as well as a Q&A session tomorrow, the fun never stops for me hosting to this eager group of PFX Traders! Im happy though, because ‘theoretic’ setups journal is strong. With the starting balance compounded up 71% since August 10th, using 2% risk per trade. So I know what I provide works, even when you only catch a couple of the moves. See you all next week, or get involved at anytime HERE.

compound

Team Schedule – October

All Zoom meetings at 20:00 London time unless otherwise stated. Each session will last at least an hour but you can come & go as you please. All sessions are recorded and placed into the appropriate unit within the group (Which can be navigated Here)

Screenshot_1

PFX Trading Basics Zooms

Focusing on a different topic each time, usual a topic of discussion within the Telegram Channel from that previous week.

2nd, 10th, 18th, 26th

PFX Q&A sessions

Ask anything sessions, come with questions. Any subject required will be covered.

5th, 21st, 29th

Strategy Specific Training

Covering BLASH specific strategy and Trade management, usually surrounding member requests or progression through ‘BLASH Strat’ PDF.

7th, 23rd

Psychology & Mentality Session

The hardest part of trading we will be pushing this into the schedule after the success of the first mentality focused PFX Q&A session, and it may play an even bigger role in the future. Come here with your emotions.

13th

Market Overview

7th, 14th, 21st, 28th

Tranche 1 Payments

Any Subscribers between 1st & 15th will require to be paid up by the end of the 15th each month. (Click to Subscribe)

Tranche 2 Payments

Any Subscribers between 15th & 30th will require to be paid up by the end of the 30th each month. (Click to Subscribe)

 

 

Weekly Report 14th September

So we kicked off on August 10th, its been a fascinating, ultra busy month adding masses of content and interacting with the group. We have managed to cram in  12 (Yes 12) Zoom sessions in that time so far, haven’t missed one yet! Feedback from them has been fantastic too so I am especially happy people are taking it on board and gaining something with it.

The shape and form of the content is taking shape, the atmosphere is good and interactive, the pressure is coming slightly off now alot of the content has been added. So I can expand my work into other places, hence the weekly report.

The Market Overview was extensive at 44 minutes and there was a real feeling of optimism for some big moves this week. Of course we only take great set-ups not good ones, so some weeks I don’t take any trades, sometimes 1,2 or 10, it all depends if the conditions are met and the confirmations line up. Anyway, it soon became clear when the markets opened that they wanted to be unpredictable with likely shorts on the Pound the Euro and the Aussie taking a backseat as they all pushed through / up-to major resistance on Monday. So my focus turned to the Greenbacks Exotic pairings, and USDTRY looked like an absolute Banker, it turned out to be just that.

usdtry set up

At a similar time there was an easy Over-Extension on GBPNZD from its huge Psychological Resistance level of 2 Dollars, easy pickings… See a rejection forming there its as straightforward a trade as you will get…

gbpnzd setup

Unfortunately as has been the pattern over this horrendous trading summer, all the other set-ups didn’t play out as expected, so were not taken as per the rules in the strategy. Some are still building up-to entry points and actually as I type on this Friday evening (Typical) entry points are missed, I am not interested in holding trades at/close to entry point over the weekend.

On the 11th, my first Day off Night-shifts we held the Q&A Zoom, where,  as usual hurdles were overcome. Thanks for your input guys.

As the Turkish Lira strengthened TP1 was hit on USDTRY, and my Stop-Loss became break-even.. Standard. Naturally the market makers pushed price through my break-even level before a massive drop on a better than expected Interest Rate decision. Drop missed, but still a result of 2.9% at TP1… Better than a kick in the nuts.USDTRY Close.jpg

The frustration followed on with a trade on NZDUSD not quite getting the confirmations required to enter, to go along with the EURGBP set-up that was the same earlier in the week. Of course they both pushed on to TP points without me, but provided some excellent points to train the guys on (Flags 101)NZDUSD

But I mustn’t grumble too much, as on Friday morning the Price Action was bullish on GBPNZD so decided to close the trade down for a cool 5% – We will see what happens with it next week, if it decides to break 2 Dollars it may struggle to get back underneath it.

gn close.png

The thing with this strategy is, it requires patience and discipline. I am incredibly risk averse so I dont get in many trades, but the ones entered are generally excellent at building that account up! Some weeks are amazing, some are poor. This was a poor week, so I am very happy with a 8% gain on the account. Takes us over 50% in just over a month on the theoretical set ups journal, good times. 2 trades only this week.

sETUPS END 14TH

What pleases me most is the interaction and the level or expertise already being shown by team members, not getting into trades they shouldn’t be getting into primarily….. And starting to take profitable trades based on their own analysis. Powerful thing.

Good job everyone,

Pardo.