Rob Booker Day 1

My first day of 1 on 1 training was consumed by just getting acclimated to the program.  I received a couple of generic welcome messages from Rob just to get me on track and then later, we were able to exchange some real messages back and forth.  Rob is on a trip in Washington D.C. writing his book so for him to respond quickly away from his home base is positive.

I went through the first 3 days of the course work which includes PDF and video tutorials.  At the end of each day, you have some real world exercises to perform that are submitted to Rob for review.  Day 1 consisted of the Course Introduction which included some of Rob's trading techniques, information on trading multiple time frames, when to trade, and trading the NY session.  Rob seems to be stressing the fact that if you are a short term trader, trading the NY session is your best option (and maybe only option.)  He has provided steps to trading the NY session.

I skipped Day 2 coursework because it was really for beginners like definitions of pips, currency pairs, etc. 

Day 3 was an overview of moving averages.  I don't think I'm giving anything away if I told you that Rob really likes the 5, 30, 62 EMA's.  This has been well documented on the web.  Just from my own experimentation on 15-minute and hourly charts, I can see why he likes them.

Rob stressed to go directly to the Support/Resistance training which I have started but not yet completed.

I'm guessing that initially I'll be going over a lot of the videos and PDF lessons keeping an open mind on the content that is presented.   

An exciting feature of the 1 on 1 training is group trading.  Rob will partner me up with a group of 4-5 other traders in the world and together, you will determine setup opportunities.  Together we will trade a demo account.  He just asked me what hours I could trade so he can partner me up with a group that can cover the entire 24 hours of trading action.  I can share more with you when I know more.

1 question I asked Rob was how he found the time to trade while he was working full-time.  His answer?  It was brutal because he was waking up at 2am to 3am every day for a long time to trade.  (No pain, no gain)  I'm trying to figure out when I'm going to dedicate time to trading during the 2am-11am EST time frame.  Rob states that getting up to trade at 4am EST will give me many trading opportunities.

Rob is currently working to help me develop a trading strategy and I've made it known to him what I'm interested in (technical indicators.)  He should have some concrete rules that I can tune in a couple of days.

I've received a lot of responses from you with praises of good luck and curiousity.  Thanks for the thoughts.  I feel that this training will not only be beneficial for me but also for all of you.  It has already single handedly increased my motivation and confidence and if I can be successful after training, some of you may decide to go that route also.  I will try hard to give daily updates on my progress.   

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