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nickb method

Why the “Holy Grail” of Forex Trading Doesn’t Exist, and What to Do About It…

Posted by Nick 5

Guest blog post by Kris Matthews

Something that really humors me is the human tendency to search for the “holy grail,” the “magic bullet,” the “surefire strategy” that will bring them profits no matter what, and not require them to even think. However, when asked whether certain traders believe it exists, they say “No” on a conscious level but subconsciously are looking for that invincible, plug-and-play strategy. I don’t want to sound like I’m better than those people because I went through that too, and to this day, occasionally I still can’t resist reading about some latest hot-shot forex trading strategy some guru came out with that pulls in 1,000 pips per week—we’re all just wired to want to believe these things.

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GBP/JPY Weekly Analysis (Wk Strt Apr/4/10)

Posted by Nick 38

Hey guys,

Here is this weeks weekly analysis guys. Hope everybody had a great Easter break! I need to update this analysis a little later with some more constant lines as I mention in the video.

One thing I do not mention in the video is the possible reversal setup forming on G/Y right now. The candle closes in GMT 1 hour (from the time of writing this post) and you could possibly trade it as a reversal if it breaks a significant high. Below is an image showing the possible reversal set-up based on my method.

[picture link broken]

I would probably place the significant high at 142.75 and enter a long on the break of that. However, this is not decided yet I might change my mind after this candle closes. I want to see how the candle closes and how the price reacts if the reversal begins. Please refer to the free NickB method e-Book if you need to know how to trade reversals and how to set a significant high/low.

Anyway here is the rest of the weekly analysis guys.

Sorry, this video is broken. Please email support if you want us to fix it.

Weekly Wrap-Up (Wk Strt Feb/7/10)

Posted by Nick 4

Hey Guys,

2010 is all about bringing my blog back to basics. For all you long term members you will remember my weekly wrap-up videos. When I first started doing the analysis back in Jan 2008 I use to do a weekly wrap-up video. It was basically a wrap-up of NickB method trades for the week. Well I think it was an important part to the blog so here are wrap-up videos again.

There wasn’t any scalp breaks but the video is probably worth watching. Weekly analysis is coming up next guys.

Free NickB Method Q&A Video

Posted by Nick 17

Hey Guys,

I had a horrible Christmas, I somehow caught the flu (no not swine flu) and have been in bed most of the time. Sorry I haven’t been able to get this video up sooner guys. So here is a belated Merry Christmas and in case I am still sick in a few days Happy New Year. Anyway, back on point, here is a cool new Q&A video. In this video I answer several questions relating to my method in detail.

link=”http://www.forex4noobs.com/wp-content/incs/videos/education-videos/nickb-method-questions.flv” width=”640px” height=”480px” clip=”autoPlay: false, “]

Let me know if you like it by leaving a comment below. Also let me know if you have any other questions I can answer in the next video.

Free Online Forex Trainning & A Free e-Book

Posted by Nick 21

Hey guys,

Last week I wrote a post about a free webinar and e-Book release happening this week. In this post I will go over exactly how the free e-Book and webinar will be released. First off let’s talk about the webinar.

I thought a little more about this and I realized it makes absolutely no sense to do the webinar on Wednesday night as very few people will attend. Also my Christmas schedule has suddenly filled up. For these reason instead of a webinar I will do this:
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How to Become My Free Forex Mentee

Posted by Nick 173

Guys I am very sorry you got directed to this post again. We are doing some upgrades and a glitch in the system sent out an auto-email for this post. This is an old post and the free mentoring offer is closed (until next week anyway when I get two new students). Sorry again.

Hi Guys,

Back in September, on this blog, I offered a chance to win 2 months free mentoring with me. The whole thing went amazingly well. Over 200 people entered for the chance to win. I was only going to pick 1 student but in the end I picked 2. I really enjoyed the whole mentoring process it was a lot of fun!

Since I enjoyed the mentoring a lot I want tooo….. you guessed it, do the whole thing again!

However, this time it will be way better than before. Towards the end of January next year I want to take on a small group of students (2-4) for 3 months of intense mentoring.

So right now I am giving 2 lucky readers the chance to win 3 months of FREE mentoring with me! I will take you under my wing and teach you how to trade the Forex market. This is truly invaluable……

How It Will Work

  1. Three times per week for 2 hours each session over a 2 month period we will meet on Skype.
  2. In these 2 hours I will teach you three trading methods:
    - The NickB Method

    - My New Price action & Candlestick Analysis Method
    - My 15 min chart trading method
  3. By the end of the 3 months you will become a super unstoppable trading Ninja machine.

What You Need

  1. Skype (a free messenger service its sort of like Yahoo messenger or Windows messenger).
  2. A mic so we can talk on Skype.
  3. At the very least some basic Forex knowledge. If you do not now what NFP or a pip is do not bother.

How to Win This Amazing Prize

All you need to do is comment on this post and in 30 words or less tell me why you think you deserve to win. WARNING! be genuine I don’t want any sob stories!

Last time over 50% of the people who entered had over 30 words. So this time I want to make it abundantly clear:

>>30 WORDS OR LESS ACTUALLY MEANS 30 WORDS OR LESS. IF YOU HAVE OVER 30 WORDS YOU WILL NOT BE ABLE TO WIN.<<

Grab The New NickB Method Free e-Book

Posted by Nick 58

Ok guys I promised you the e-Book this week and it’s here. Hot off the press the new NickB method e-Book is here. I worked tirelessly this week to get this done by today so I really hope you appreciate it. Without anymore babbling on from me………..
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New NickB Method e-Book

Posted by Nick 26

Hey Guys,

The new free NickB Method e-Book is coming out this week.

I will be the 3d edition of the NickB method e-Book. I released the first NickB Method e-Book back in 2007 and it got popular very fast. It made Forex4Noobs a huge site visited by thousands of traders daily. In 2008 I released the second version. Now in 2009 I am releasing the third version. It has been well over a year and a half since the last version of the NickB method e-Book so hopefully this lives up to the anticipation.
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NickB Method Course Update: How, When, Where

Posted by Nick 5

Hey Guys,

The video course updates are ready to go. However, there are a few things you need to know.

This post explains in detail how and when the NickB Method updates will be released. Please read it in full! If I get any emails asking questions that are answerd below they will be ignored!

Some Changes

There will be a few differences though. The old videos were shot in 640px by 480px resolution and the new ones have been shot in 800px by 600px.

‘px’ or ‘pixels’ are a unit of measurement in digital imaging. It’s all very boring stuff that you don’t need to know. What you do need to know is that the old videos are smaller than the new ones.

I made the new videos bigger so I could fit more of my chart onto the video. Eventually plan to re-shoot the entire course is 800×600 resolution. It will make for a much better course as I won’t be trying to squash everything onto the on small chart.

Anyway because of this change we might run into some problems with the current video course software. I doubt we will, but I have never used 800×600 vids so it could cause issues on some browsers.

So what I am going to do is a scaled released.

Scaled Release Plan

  1. Tomorrow morning I will give access 10% of course owners access to the new videos. Throughout the next two days I will monitor and see if all goes well.
  2. Provided all goes well (which I am sure it will) Sunday morning I will give an additional 40% of user’s access to the new videos. For the next two days I will monitor the situation so I can be sure that we have no issues.
  3. Again, if all goes well on Tuesday morning I will release them videos fully to all course users.

Why a  Scaled Release?

With a scaled release If something does go wrong I will have 10% of users email me with the issue rather than 100%. This allows me to quickly deal with the problem, and not have to go through and respond to hundreds of separate emails.

    The other advantage this is having all users’ access the videos at the same time might cause a massive slowdown in site speed and could even crash the server.

    Again this is boring stuff you don’t need to know. But, for all you inquisitive guys and girls out there….. Websites are hosted on servers. Servers are special computers that allow the storage of a websites files and allow people around the world to access those files. You can buy really cheap servers for $5 a month. These are fine for very small sites as very few people will be accessing a small sites files. However when you have thousands of people downloading big files like course videos a cheap server won’t cut it. The server computer hosting the files just isn’t powerful enough to allow thousands of users’ access at once. This is when you need a big powerful server which hosting companies charge a lot of money for.

    Forex4Noobs is already on a powerful dedicated server as we have thousands of visitors a day. However, just to be safe I have upgraded my hosting package to a bigger server to cope with the demand. I would still rather monitor the situation and make sure my current server can cope with the demand. Again I am sure everything will be fine but having 10% (followed by 40%) of users access the course to start with will allow me to be sure the server at its current level can cope with the demand. If it can’t then I can at least upgrade my server before allowing more users to access the course. This will prevent crashes that will shutdown forex4noobs entirely for hours.

    The first 10% and the following 40% of users will be selected completely randomly. I have no intention of selecting individual users so please do not ask. If you’re not one of the first selected sorry. But do not ask me to be given access before anybody else. I see that as dishonest and selfish. And if you ask I will put you right at the bottom of the list. Rules are rules guys, please wait your turn and please be patient.

    It’s not only Forex4Noobs that does scaled releases. Huge companies with hundreds of thousands of users do it to. Companies like Twitter and Aweber. It just allows them to deal with major issues quickly and efficiently.

    Passwords

    One more IMPORTANT thing guys, if you purchased the course but have forgotten your password. It should be the same as your forum username and password. However if you can’t access the course and you can’t recover your password please do not email my personal email address. Please follow these simple steps and allow up to 24 hours for a response (although it should take less than 4 hours).

    1. Go to the Contact Us page and choose the ‘video course passwords’ option from the ‘Subject’ drop down field.
    2. In the email please provide me with:
    • Your PayPal transaction or receipt number for the purchase.
    • The date and if possible time of your purchase.
    • (If you purchased the course before July 1st 2009) I need your forum user name.
    • (If you purchased the course after July 1st 2009) I need is your PayPal email address.

    This will make it easy for me to give you a new password. If you do not have all that information please give me as much information as you can.

    Ok that wraps it up. Thanks guys!