Trust & Usability

An important part,  of continuing this journey, is Trust. Of course I don’t expect every man and his dog to join us on this expedition on the whim of just me talking. Its supposed to be word of mouth referrals only, there isn’t really any value in anyone referring people into the group, that’s one of the benefits of this team. You will earn no extra money, and thus have no pressure bring people in like there is in so many other Forex groups out there.

Its easy to forget that this team has only been live since August 10th, and in that time we have come so far. I am forever looking to add-to and improve the content available, as well as make everything more accessible and user-friendly. Of course the operation is run by myself alone and it takes time. But have you seen the video content in the team’s Facebook navigation portal?

So whats been done lately in order to improve trust and usability? Well you will notice for one that the navigational page is now linked to every single thread on Facebook. Facebook can be messy, no need to navigate it anymore.

 

pfx fb navigation

The Live Calendar, allows the members to either add the PFX schedule to their existing gmail calendars, or interact with a forever up-to-date calendar which includes all Webinar links, payment schedules and of course information for the Christmas period, as well as upgrades to various aspects of the team and when they are happening.

calendar

Of course where there is subscription fees, there is room for anger that I may earn an excessive amount through subs fee’s, when the reality really isn’t that. So I made a live spreadsheet to update turnover & expenses and other information for the team to look at to make the subscription principle transparent, at the end of the day, its a payment for my time as well as the content. And it is great value, very cheap.

 

transparency

Last and probably most importantly, Trust-pilot. World renowned company focusing on word of mouth recognition. I have sent an invitation to all current and previous members to rate and review the company. I am proud of the fact that currently we stand 26th in category, with a majority of verified reviews, each one a 5 Star review. Look for the Trust-pilot integration into the website in the new-year.

trustpilot

So, very early days for the company, but making all the right moves for longevity. What I haven’t mentioned of course, is the update to Blash Version 3 (3a) and Version 4 incoming in the new year. Reductions of Subs for the Xmas period, a new premium website rebuild with plug-ins, a rework of a few of the Facebook units, and then a focus on purely everyday trading & Blash/Price Action set-up channels.

 

Regards,

Pardo

 

Blash Version 3a/4

I’ve long said that Blash ‘Strategy’ is not so much a strategy as a collection of common sense trading principles, for which you can pick and choose to suit your own trading style. Which is why the style in which we are educated through PardoFX makes it the perfect place to learn to trade properly, it is a collection of fundamental principles and philosophies and not something that has to be adopted 100% – Whatever works for you, as long as risk management is on point you really cant lose long term trading this way. On course Risk management is the one part of Blash that I would insist on you adopting, you really don’t need to trade with more than 2% risk per trade to make a huge accounts, as we are proving and finding.

I think its important to establish that point before we talk about the evolution of Blash with Version 4 on the horizon, since I’ve been asked so much about it, here is the upgrades in a Nutshell, so far. Without providing too much strategy information.

Version 3a

Version 3 will always be valid, it works wonders as we know, no need to disperse of it. Hotspot access as always is available via the PFX Premium area (Members Only)

HERE

Screenshot_3
Success rate of some dynamic and candle confirmations

  • Updated minor confirmations on a couple of the faster moving pairs such as GBPNZD.
  • Hotspot Technology having all dynamic confirmations and candles back-tested for a success rate allowing you the opportunity to pick & choose the best confirmations per pair if you wish too.
  • Selected Best set-up to look for percentage wise.
  • Updated V3 document
  • ‘Best set-ups’ for each pair will be back tested using ‘Monkey See Monkey See’ across Facebook Live over time & saved within V3 unit on Facebook.

Version 4

Very much focused on the mechanical movement of price for those with highly evolved trading emotions, I believe this will be the pinnacle of our trading here. Using Hotspot research to trade only with the best confirmations. Removing the excess and removing some restriction on entry area, V4 will allow us more trading opportunities and will probably result in a few extra losses, but the profit per trade should greatly increase. The philosophy here is’ Only trade what works best in the past’ and trade it regardless of external factors. We’re really looking at statistics here and the best option to consistently compound our account is to trade confirmations which have an 80% success rate any time you use it, that accuracy is likelier to be higher if its only in the ‘common sense’ locations. Again access is via the same spreadsheet through the members area.

HERE

Screenshot_5
Some of the added statistics with V4

  • Enhanced (Tweaked) pair specific Minor confirmations using pair profiling.
  • Enhanced (Tweaked) pair specific Major confirmations using pair profiling.
  • In depth look into daily movement & volatility.
  • Average draw-down and success rate of specific confirmation to dive down and get those stop’s as tight as possible.
  • Likely trade movement using the double range principle.
  • Best Candle Signal.
  • Best Price Action signal.
  • 4H Scalping option.
  • TP using Daily Guide.
  • Allows users to really pick just a few pairs and go to town on them, trade them for life.
  • Likelihood of Price hitting a TP point.

Of course, it will take time to implement everything, but I estimate it will be complete within the next 45 days. Until then, lets Blash it up like we have been doing anyway!

Obviously, if you are a current re-subscriber, you an see it getting built through the Hotspot spreadsheet.

 

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 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.