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Frequently
Asked Questions (FAQs)
This is a new webpage dedicated to common questions sent to us via email and/or private messages about our fee-based strategies.
However, if your not interested in our strategies and have questions about trading...please review our New Trader FAQ section at our discussion forum prior to sending your trading related questions to us.
Also, we are proud of the fact that we've freely helped hundreds of traders via either improving their knowledge about trading and/or improving their profit level without trying to get them to purchase any of our fee-based materials and without mentioning we are traders/vendors.
In addition, we've been online for many years and most of our clientele are via word of mouth or Google search engine. Thus, the only advertising we do is via here at our website and its resources.
Further, if you mention you know we are vendors and then solicit us via requesting additional information about our strategies, we will respond via mentioning our strategies are fee-based along with sending you direct links to more information about the appropriate fee-base strategies that we think is suitable for your needs.
However, if you don't want to know anything about our fee-based services or free services...don't request info about such along with pretending you have a sincere interest in our services via your follow-up replies in which you specifically request more details about our services.
To read more information about our Anti-Spam Policy...click here.
Thus, if you have sincere questions about our services that are unanswered below...please do not hesitate to contact us.
Question:
Your broker profit/loss blotters that you show for the past few years show that you are a profitable trader. Therefore, why do you bother selling your strategies?
Answer:
We have learned many things from our clients that have helped improve our own trading and some clients have become excellent traders themselves via our methods that we actually help each other during trading via the private strategy discussion chat rooms associated with the fee-based strategies.
Simply, the fee-based strategies have open the door to realtime market collaboration that improves the trading of all those that have walked through TheStrategyLab.com doors via a vested financial interest that produces dividends for us and our clients...
This type of trading collaboration with other traders that had similar like market approaches was not achieved consistently when our strategies were freely discussed many years ago prior to 2002.
In addition, we are able to make money via our fee-based services when we are away from the markets because we don't trade 24 hours per day every day of the week.
Do you have a refund policy?
Answer:
Yes and its a conditional guarantee refund policy.
http://www.thestrategylab.com/RefundPolicy.htm
Simply, we want you to keep detailed stats of your trading the first 60 days as described at the above refund policy link just like any other serious trader would do via keeping in-depth details of each trade during the early application of a new method.
This is a good habit for you to get into regardless if your using our strategies or using strategies of your own design.
It allows for you and us to see if you are applying the strategies correctly along with allowing us to provide better support (help) when you have questions or trade problems.
Therefore, to ensure the above occurs, we made it as a conditional part of our refund policy and our policy helps eliminate traders that are not willing to do the work (study and put in the required screen time) because they are too busy looking for an easy route to profits or believe they can be profitable while learning only what seems interesting instead of learning what is required to learn.
Is it true that you do not mentor and can you explain how your fee-based services is different from mentoring?
Answer:
Yes, we currently do not mentor and to read about our personal opinion about how we define mentoring...click here.
Simply, all we do is sell our strategies that we use to achieve the trading results you see posted in the free chat room called #FuturesTrades although we do not market our strategies in the free chat room because it is a SPAM FREE chat room via request of those that use the room.
In addition, your purchase entitles you to get support to your trading related questions involving our strategies and your trading instruments along with discussing with you realtime patterns from our strategies in the private chat strategy discussion chat room called #SwingTradingTSL.
In contrast, a mentor/student relationship is much more involved as described at the above link.
Do your strategies involve technical indicators?
Answer:
No...we are price action only traders that do not use technical indicators but we do use technical analysis.
Are your strategies applicable to all markets?
Answer:
Our strategies are not applicable to every market because we are a strong believer that vendors should only market their services to trading instruments they currently trade, traded profitably in the past or have clients that currently trade particular trading instruments.
To see the complete list of trading instruments that's applicable for trading via your strategies...click here.
Can you explain exactly what is WRB Analysis and how its beneficial to trading?
Answer:
The word WRB means wide range body and there are different types of WRBs based upon either...[continue reading].
What's the difference between the pattern signal packages called WRB Analysis Tutorials (Premium), AJCTR, APAOR and STR?
Answer:
First of all, these strategies are for price action only traders that do not use technical indicators.
AJCTR - Custom Japanese Candlestick patterns that provides you with the missing information to profitably trade Japanese Candlestick patterns regardless if you use our strategies or want to design your own patterns.
Simply, a complete trading plan from entry to exit that's lacking in other Japanese Candlestick education sources.
APAOR - Exploits price action that's temporarily inefficient and it's applicable in many different types of market conditions (reversal, pullback, range, low volatility, high volatility et cetera).
The APAOR strategies is the foundation for the STR strategies.
STR - Exploits swing points as the price action traverses from one swing point to the next swing point in any type of market condition along with additional resources (ex. realtime strategy discussion chat room).
Note: All strategies are applicable for scalping, day trading, swing trading or position trading.
However, in contrast, the WRB Analysis Tutorials (Premium) is not about pattern signals.
The tutorials involves 12 chapters that's the foundation of understanding the price action we are trading via identifying important price action in reaction to key market events, changes in volatility along with identifying price areas where swing points, trend reversals or strong continuation price action is most likely to occur.
Further, WRB Analysis Tutorials are for those that want to enhance the performance of their own pattern signals or to better understand the price action that will be traded via our strategies (pattern signals).
These strategies are a rule based method with no subjectivity in the pattern signal nor entry signal...can the strategies be coded for mechanical or automated trading (computer trades the method while the trader is doing other things)?
Answer:
We ourselves are not programmers and were unable to code the strategies for automation trading.
However, currently we have a few clients that have coded a key aspect of WRB Analysis in Tradestation to help them be better prepared for a potential pattern signal that will appear soon after a WRB.
This code is free via request only to any fee-based client and we are not liable for any trading problems associated with code.
What percentage of traders using your strategies are profitable?
Answer:
Several months after a client has purchased our strategies, we will ask them if our methods has improved their trade performance in comparison to their trade performance prior to purchasing our strategies....
About 78% say YES.
Those that said YES does not imply they are making big profits nor to we promote nor guarantee our strategies will make you a consistent profitable trader.
Further, of those that said YES...about 71% said they are exclusively using our strategies and nothing else while the remaining 39% used concepts from our methods to either improve their own methods or design new strategies that was more suitable to their trading style.
The above info also shows that 22% has not seen an improvement in their trade performance although most believe it's too early to tell because they are still learning the strategies.
Is there a way to determine the potential performance level prior to purchasing the strategies?
Answer:
First of all, do not assume you will achieve similar like trading results as my results because I have +20 years of market experience and 15 years of that is via trading. Thus, I spent about 5 years studying the markets and trading prior to my first trade because I started as a teenager.
Therefore, market experience has a big impact on my profit level, consistency and successful application of the strategies.
However, we do share with you our market experience via the support that's included with the purchase of our strategies.
Yet, please be aware that my trading results or the trading results of a client is not a good indicator of your potential performance if you were to purchase our strategies due to the following:
Different strategies you tend to favor
The above in any combination will have an impact on your performance level in comparison to another trader regardless if you use our strategies or strategies by someone else.
Is there a way to determine the reliability of the strategies prior to purchasing the strategies?
Answer:
First of all, you may have heard that we give potential clients free access to one of our profitable strategies.
However, this option of freely testing at least one of our strategies is no longer available and to read why we no longer allow free access prior to purchasing...click here.
Instead, you should request an online meeting with a few of our recent clients to ask them how's trading has been since purchasing TheStrategyLab.com strategies.
Also, we invite you to send us an email to request the most recent *pattern signal results via our strategies of your favorite trading instrument.
Please include the following in your email (*One trading instrument request per trader):
Your discussion forum user name (it's free to join)
Advance Price Action Only Report (APAOR)
Advance Japanese Candlestick Trading Report (AJCTR)
Send your pattern signal request info via email to questions@thestrategylab.com
The trading results reply to your email will include pattern signal time and date, profit targets that were reached and total points so that you can compare the profits to the cost of our fee-based strategies along with any testimonials from any client that may have occurred during the trade result period.
Further, obviously one trading day results alone will not determine the merits of our strategies.
However, if you combine the pattern signal results with our communication skills when helping other traders along with real testimonials of those using our strategies...
You'll have all the info you need to determine the merits of our strategies.
Why is it so difficult to find traders at other forums using your methods to get first hand knowledge about the merits of your strategies?
Answer:
First of all, almost all of our clients are via word of mouth (in person recommendations or referrals) or Google search.
Thus, we do not promote our services outside our website nor outside traders we have met in person...traders that have watched us trade in person with their own two eyes.
With that said, our clients respect our privacy and if they are interested in discussing with you the merits (good and bad) about our fee-base strategies...
They most likely will not respond to you at a discussion forum where bashing is commonplace.
However, an online meeting can be arrange between you and some of our clients at our own discussion forum in a private questions & answer thread that can only be seen by those traders that are registered members of our discussion forum along with having made a specific request to talk to references (clients of TheStrategyLab.com) to help determine the merits of our strategies and to determine if our strategies are suitable for your trading style.
In addition, if you give us info about the country and city you live in...we can search our database to determine if we have any traders living nearby you. We can then give our clients your contact info so that the client can arrange an in person meeting with you and possibly schedule a trading session with you to allow you to watch him/her trade in front of your own two eyes via our methods.
Yet, if you request the client to trade in front of you and if the client agrees...
We will request our client to not share nor reveal to you any aspects of our strategies along with requesting you to first trade in front of our client to ensure you have a sincere interest in our methods (its only fair) considering trading in front of someone is a very personal and stressful situation...along with you entering someone's home.
Also, that implies you can schedule a visit to my home office to watch me trade in person with the same conditions as described above.
Can you explain the difference between your “Client Reliability” ratings Gold, Silver and Bronze at the below link?
http://www.thestrategylab.com/TradingReports.htm
Answer:
The Gold, Silver and Bronze reliability measures you see at the above link are based upon opinions by any client that has perform either manual backtesting of the pattern signals and/or trading results (real money and simulator).
Further, measures (client opinions) involves comparing the trading reports against each other. Therefore, the AJCTR (bronze award) implies its less reliable in comparison to the other strategies although profitable.
You have a free chat room called #FuturesTrades where those using the room are posting their trades. You also said that most that use the room or register to use the room are not using your methods.
http://www.thestrategylab.com/FuturesTradesChatRoom.htm
The question is why do they not purchase your strategies when you post consistent profits most trading days along with a broker profit/loss statement?
Answer:
Some #FuturesTrades members are profitable via their own methods and that reason alone is why they aren't interested in purchasing my methods.
In contrast, other members have serious discipline problems and they realize that TheStrategyLab.com strategies will not resolve (fix) their discipline problems that keeps sabotaging their trading if they were to purchase the strategies.
Also, we don't market our strategies in #FuturesTrades chat room and many unregistered members of #FuturesTrades don't even know there's a fee-based website associated with the chat room.
Why should I pay for your strategies when I can just join the free chat room called #FuturesTrades to mimic (copy) your trades as you post them in realtime?
Answer:
#FuturesTrades is not a signal calling room nor is it properly setup for traders to efficiently mimic each other trades due to the fact that there are a lot of market discussions and trades being posted by many different room members at the same time (Long and Short).
In addition, the odds aren't good that you'll get the same fill nor the same exits due to the fact that the chat room members do not give warnings when a trade (entry or exit) is about to occur along with the fact that my trades are posted among trades being posted by other members.
Thus, the odds aren't very good you will see my trade posted being posted as it occurs in realtime until its too late.
Also, I have a strong belief that if you mimic trades by another trader without the permission of that trader...
You'll instill poor trading habits that will be extremely difficult to fix when you do decide one day to learn how to trade on your own along with showing members of #FuturesTrades that you're not interested in participating in the chat room via either posting trades or discussing the markets.
Therefore, I don't recommend any trader to mimic the trades of another trader unless they have the exact same broker, trade execution platform, chart program, similar like chart layouts along with having access to the strategy being used to prevent blind trading.
Further, I'm always trying new strategies (hence the name TheStrategyLab) to see if they are suitable for adding to my existing trading plan.
Simply, it will be a huge mistake for you to mimic my trades without my permission and without knowledge of knowing if the trade signal is from my profitable system or from something that's new and possibly not reliable.
However, I do sometimes (not often) tell fee-based clients in the private #SwingTradingTSL realtime strategy discussion room that's associated with the Swing Trading Report (STR) about possible pending pattern signals or will discuss clues as they are occurring that a pattern signal may soon appear.
Is there a reason why you don't post information with your trades involving stops and profit targets?
Answer:
First of all, #FuturesTrades is not an education room nor am I or any other trader are there to educate others.
The room is being used by me as a personal trade journal so that I can document my trades and thoughts about the price action as I traverse from one trade to the next trade.
The documentation of my trades and thoughts provides valuable feedback about any trading day...valuable information I cannot get from my broker statements nor any back test results.
Therefore, do not join #FuturesTrades if you are expecting to be educated.
With that said, I use a - 4 point hard stop upon entry and a -2 point mental stop.
The -4 point hard stop is for emergency situations (e.g. my computer crashes while in the middle of a trade).
In contrast, the -2 point mental stop is my warning sign to exit the position. However, more often than not, I'll exit a losing trade long before that -2 point is reached if the price action gives me clues its time to close the position.
As for my profit target...each trade I try to capture a WRB pt1 (wide range body profit target) and anything beyond that is just icing on the cake sort'uv speak.
Simply, I do not use fix profit targets nor exit my position at a fix stop because the markets are not the same every day nor every trade as implied by a fix risk : reward approach to trading.
Thus, I let the price action tell me where to exit even though I have in place a protection just in case something goes wrong.
Do you trade someone's else account besides your own trading account?
Answer:
I'm not interested in trading the account of another individual and I'm well capitalized.
In addition, trading my own account is stressful enough without having to worry about the money of someone else.
Further, I once tried trading someone else account but failed (loss money) but the timing was bad because I was dealing emotionally and psychologically with a death in the family at that time.
I'm interested in WRB Analysis for my exit strategy while not interested in WRB Analysis for my entry strategy because I am confident in my entries because they backtested well and my real money trading results have profitable results.
Simply, my problem involves exiting profitable trades too early.
Thus, can your fee-based strategies help me with my exit strategy so that I can capture more profits from profitable trades?
Answer:
Yes.
The WRB Analysis information in our fee-based strategies do exploit trades that are profitable to allow you to capture more of the price movement that continues to move in your favor.
This is accomplish via using WRB's to tell you when to move your initial stop/loss protection into a 1 tick/pip profitable trailing stop and then giving you a better understanding of shifts in supply/demand via Volatility Analysis...
Allowing for better management of trailing stops if you choose to adjust them from the 1 tick/pip profitable trailing stop
We also encourage you to send us detailed charts of trades (good profits, poor profits and losers) with info about the entry/time of price, exit/time of price and basic info about your entry signal.
We'll then reply with customized solutions based upon our WRB Analysis integrated with your trading style and methodology.
Simply, every trader is different and having access to some basic information about your entry strategy with chart examples will allow us to design a customized profitable solution via our WRB Analysis for your exit strategy problems.
However, the above customized solutions is only available for fee-based clients of the AJCTR, APAOR, STR or TM.
To learn more about these strategies...click here.
Should I purchase the trading reports now even though I have not started trading?
Answer:
Yes but only if you have access to realtime charts to allow proper learning of the strategies of the AJCTR, APAOR or STR without the pressures nor stress of real money trading.
In fact, you are required to use a simulator the first month using the strategies from the trading reports prior to any real money trading.
This will allow you to build up confidence via understanding the strategies especially if you've switch from using indicators into price action only trading.
Your website offers a lot of information and I am unclear on the following; I am looking for a Futures fee based chat room that offers realtime trades for its members. Do you offer this?
Answer:
We offer private chat rooms associated with our fee-based strategies that's strictly for realtime strategy discussion as clients discuss among themselves pattern signals as they occur in realtime.
http://www.thestrategylab.com/TradingReports.htm
Also, we offer a private free realtime trade posting chat room that has nothing to do with our strategies because most using the chat room are using their own trading methods.
http://www.thestrategylab.com/FuturesTradesChatRoom.htm
Further, all of our chat rooms are not signal calling chat rooms in which a guru trader tells you when to buy and when to sell.
All we do is moderate the discussions and post our trades along with every body else.
All of our strategies are applicable for the following trading instruments:
CME Emini Futures EMD, ER2, ES and NQ
Once again, if you have any trading related questions...please do not hesitate to contact us.
Sincerely,
M.A. Perry and Associates
TheStrategyLab.com
"If a man does not keep pace with his companions, perhaps it is because he hears a different drummer. Let him step to the music he hears, however measured or far away." --Henry David Thoreau
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