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Peter Brennan
Worked at Fisic Financial Research
Lives in Dublin, Ireland
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Peter Brennan

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You look pretty down Nick. Not surprising since so many got hurt with recent events. 

I know you and your team are doing your best but I doubt the business model is really sustainable per my previous comments about the difficulty of finding an edge (& traders with an edge) in forex these days. 
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Nick - Making A Million (Forex Trader)'s profile photoPeter Brennan's profile photoTom Underwood's profile photoBogdan Barnea's profile photo
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now that's what i call "predicting" Peter :)
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Peter Brennan

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Nick, the real problem with your business model is that the forex mkt is now very efficient (mostly random walk with some bank manipulation and the odd trend thrown in)  making it v tough to find an edge. Smarttrader will hit those 25% stops soon enough and while I was impressed with Viper in the video you posted, there are signs there that indicate he will get caught in a FX amplified huge loser type trade. But best of luck and I do hope things work out for Forexsignals. 
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Indeed.
First of all i'd like to clarify that i'm not intentonally blunt, i understand how hard and desperate all the followers might feel and even the trader himself.
BUT the trader had people asking him for a sign of life, having their accounts demolished for a potential profit of , what, 20 pips tops?!
It's a basic golden rule that no trades should be open, especially by ''pros" before a central bank announcement, especially from a central bank belonging in EU. 
I can't even contemplate how can someone trust 20k's on an unknown dude from the other side of the continent. 
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Hi garvoi,

Yes the market has changed dramatically this year going from been v quiet prior to Sept to trending type behaviour since then. I still swing trading yes. 

Actually I am not really a fan of back testing since it measures the past price action not the future. I should explain the logic behind this in a future video. 
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+Peter Brennan   I've read (+2500 investment books), been to endless forex/market/chart/etc. websites, and watched thousands of hours of youtube videos.  You see, I started to learn to trade while in the military in 1999.  And with a busy life and family and such, I kept it as a "thing I would someday learn to do".  In 2006 I got serious about studying because I thought I saw what the media classify as a bubble and what we call "just part of the business cycle".  Well, I read, watched, read some more, digested 3 different newspapers daily and one weekly.  Read BusinessWeek and Barrons and many other publications.  And began to demo two different vehicles...stock options and forex.  Forex was gaining in popularity very very quickly and I wanted to a be a part of it...demo was the safe way it seemed.  So I learned to emotionally  trade different demo accounts like live accounts, even going as far as to use real money on my kitchen table when I placed a paper trade.  I did various strategies, rules, and time frames.  All worked.  At least for a while.  When I finally opened up an account with real expectations, I began pulling in a very nice percentage of the larger trend movements.  I entered the trade and exited the trade much differently than I did when I first learned trading.  Anywayz, i'm writing on when what I really wanted to do was to thank you for being honest.  It took me years to learn this stuff on my own.  It was certainly worth it, but those were some rough years.  Bill
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Peter Brennan

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I believe most of the technical analysis stuff out there sold to unsuspecting members of the retail trading public does not work. To support my case I interview a very experienced trader who has written a couple of books on the subject. 

Gary's website can be found at http://www.scalpfutures.com/
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+Peter Brennan  It's what I've found in my investment life...technical analysis just doesn't work as much as it used to before the quants and computer trading algo's became such common place with the large cap investors. It seems to have some use, in that, it's best to know about it than not due the expected nature of trader psychology around such things as resistance/support levels, fib's, extensions, bb's and the like. Thanks for the post and the interview Peter.
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Great video. Refreshingly honest. 
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+Richard Rossouw I also had big losses last year, but after looking at them in detail once my emotions subsided, I understood that I had been a fool. My approach to investing and trading was wrong, and my knowledge, tools, and techniques were insufficient. I understood that the market wasn't to blame and that the products were perfectly tradeable (I learned that partly by watching videos of traders that were doing fine at the time and dealing with it while I was in a mess). This is because in directional trading, if you take care to avoid binary events like earnings, there can be only three sources of losses: the spread, the commisions, and fighting the trend. Spread and commisions can't generate big losses, they're rather like costs. Now, even if you had no edge, in the long term your wins and losses due to price movement alone would roughly balance each other out, so the only thing that could cause big losses to mount, would be either being reckless with risk control, or fighting the trend, i.e., running your losers longer than you do your winners. This could happen due to greed, fear, hope, or ignorance (misinformation), or it could happen if one trades on opinion or trades to be right, instead of trading the market. I have decided that to fix that in the future I will trade a personal selection of what's actually happening, instead of what I think should happen. I will be more humble and try and lose the ego and work harder to educate myself and research and do my homework and try and make it work. I'm not necessarily going to go into Forex, but if I did I'd definitely only try and trade trends. I would not try and trade short term because as you say, it looks like random (whether it's random or not it'd be a matter for a statistician to decide, but for us it certainly looks like that).

Video about Forex trend following: http://learncurrencytradingonline.com/subscribe-surf.html

Regards, Jean
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Great discussion. Quite difficult to find this quality of discussion on youtube so I am glad I stumbled across it. 
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Hi Nick,

Appreciate what you are trying to do with the site but most of the traders are only making money by carrying hidden risks (inc Viper). Eventually this hidden risk shows up as per Dayfox & FXAmp. I have made this mistake myself in the past. It is pretty tough to make money in forex right now given the random walk/levy flight structure of the market. I suspect systems analysis won't help very much.  
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Hey Peter, you still trading?
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Joe, I am surprised you advocate scaling out at various points. After all the whole point of trend trading is that you let the full position run and indeed add to that full position. Scaling out means that when you catch a good trend you essentially don't make the profits you should make which gives inferior results to those times you stay with the trend.

Also do you have any mathematical modelling results for your system.  It will vary a lot from market to market but I think Trendcatcher is very powerful if used selectively. 
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+Ramon Leon
Hello Ramon,
Thanks for your feedback.  As I pointed out to Peter, I am sharing the model that has worked the best for us ever since we've been using our TrendCatcher system across all markets and therefore, it absolutely makes sense not only to us, but also to a very large percentage of our customers who are scaling out with our TrendCatcher system and they couldn't be any happier.  However, as I demonstrate in my presentation, our TrendCatcher system can be used the opposite, such as scaling in and holding all positions until the TrendDirection changes.
Please let me know if I can help you with any other questions.
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Have him in circles
208 people
daniel Brown's profile photo
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Work
Occupation
Trade financial instruments. Forex. Currencies.
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Trading. Statistics. Forex. futures. gold.
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  • Fisic Financial Research
    CEO
    The password for the private video page on my site is - 744805
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Forex trader
Introduction

Fisic was founded in 2010 by Peter Brennan, a former engineer turned professional trader. The name Fisic is Gaeilge for physics reflecting the scientific approach applied to trading.

The company was set up to respond to the needs of people who aspire to trading on the financial markets and need assistance from a professional trader. 

Integrity is an important goal for us and we intend to stand out from the many unethical practices in the industry (false performance records, training scams, stock pumping and other fallacies). Our objective is to add value by helping people to become profitable traders.  

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Post real results. Scam free.
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Dublin, Ireland
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Peter Brennan's +1's are the things they like, agree with, or want to recommend.
Fisic Financial Research
www.fisic.ie

Forex trader providing a MAM, systems, signals and a free newsletter.

Fisic Financial Research - Market Commentary 29th Sept 2014
www.fisic.ie

I have opened a new Zulutrade and Metatrader 4 MQL signals account for readers to follow. The Zulutrade account is free and the MT4 MQL acco

Fisic Financial Research - Market commentary 18th August
www.fisic.ie

A ugust holiday trading conditions so not much change last week. Price action has returned to been both quite and random. The dollar index c

Fisic Financial Research - Market commentary 11th August 2014
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Frustrating week. I had some positions in profit but was holding looking for the dollar index to bust a move higher to 82. But it just whips

Fisic Financial Research - Market commentary 4th August 2014
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As discussed last week I suspected the dollar bully would take the ball up to the next line of dollar index resistance at 81.50 and we saw t

Fisic Financial Research - Market commentary 21st July 2014
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A better week last week especially for the scalper account. Volatility picked up bit mainly due to the news noise coming from the Ukraine an

Fisic Financial Research - Market commentary 14th July
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Very random forex market right now and tough to trade. Any trade signals are suspect. The problem with a random market is that it can still

Fisic Financial Research - Market commentary 7th July 2014
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Last week was difficult. I deviated from my 'scalper' trade plan because I thought there were some potential swing trade opportunities setti

Fisic Financial Research - Market commentary 30th June
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Quiet market again last week with the dollar index in random walk mode with a slow drift back down to the 80 zone. This lack of directional

Fisic Financial Research - Market commentary 23rd June 2014
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A dull forex market last week apart from some minor moves after Yellen last Wednesday appeared to row back on inflation concerns. The verbia

Fisic Financial Research - Market commentary 16th june 2014
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There was not a lot happening last week with the exception of Thurs night (8pm GMT) when sterling took off like a rocket after BOE governor

Fisic Financial Research - Market commentary 9th June 2014
www.fisic.ie

Well, last Thursday Draghi stepped up to the plate and  lowered rates from 0.25% to 0.15% and actually pushed the deposit rate into negative

Fisic Financial Research - Market Commentary 14th April 2014
www.fisic.ie

Dollar bulls really crashed and burned last week when the Fed came out with pretty inconsistent minutes from its last meeting which seemed t

Fisic Financial Research
www.fisic.ie

Forex trader providing a MAM, systems, signals and a free newsletter.

Fisic Financial Research - Fisic performance & Analysis for first we...
www.fisic.ie

Currency direction relied heavily on two events last week. The ECB on Thursday and the US NFP number on Friday. As it turned out Draghi (ECB

Fisic Financial Research - Market commentary 31st March
www.fisic.ie

A fairly quiet week in forex last week with the dollar index reluctant to move away from the 80 zone. Volatility is on the low side right no

Fisic Financial Research
www.fisic.ie

Forex trader providing a MAM, systems, signals and a free newsletter.

Fisic Financial Research
www.fisic.ie

Forex trader providing a MAM, systems, signals and a free newsletter.

Fisic Financial Research
www.fisic.ie

Forex trader providing a MAM, systems, signals and a free newsletter.

Fisic Financial Research
www.fisic.ie

Forex trader providing a MAM, systems, signals and a free newsletter.