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

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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

 

 

 

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.