Q>> I have read Joe's book "Trading With
Dinapoli Levels" and hence my attraction to attend his seminar. I have
applied his method and have been consistently profitable. However, I would like
to know what additional information would be covered in addition to the book's
contents and also the planned attendance (number of people) of each seminar.
A>> The
seminar will go well beyond the book. But the book will be reviewed in
detail because 90% of the readers don't get the detail!!!
I have met and taught people that have studied the book and then come to
my seminars over the past 5 years. Virtually 100% of these people are
delighted with what they got from the seminars.
There is a limit of 40 people at these seminars.
Q>> Do you trade the forex market?
And if so do you find there is any (or much) variation between that and other
markets eg futures
A>> Yes, I trade Forex as well as many other markets- Forex presents unique advantages and difficulties
You must have a really honest broker and realize that quotes are different depending on who you access-- this creates a fuzzyness in price
I think getting good software may be more of an issue as well-
fixing the day to a given time-- another issue-- but it is a great liquid market and more importantly it behaves-- it conforms to the approach I use--
I think many Forex traders do not look at the high time frames before making their decisions-- that's a problem but that exists in all markets
Q>> Do you believe trading can be taught?
A>> Certainly, there is a lot to overcome. A trader doesn't learn to be a trader in a few months. You need to unlearn a lot of what might work in other business situations. It's a good life though once you get it down. One other thing, you can waste a lot of time with low quality or misinformation so be careful what you decide to study.
Q>> I have read in other articles that the big boys use Fib levels as traps for the smaller traders as this is a very good place to identify where stops might be hiding etc. As a devoted Fibonacci researcher I have not seen it yet but in essence the opinion makes sense. I use my Fib levels as a general guideline for entries and stops within a context analysis. Have you ever found that using the exact level working against you, in other words; stops being hunted just below certain Fib zones?
A>> Yes, that's absolutely correct.
Stop hunting below fib levels is common practice. That's why you need a
knowledge of DiNapoli Levels (advanced Fibonacci techniques) as well as the
proper context to keep your stops safe.
Q>> What separates winners from losers?
A>> As Socrates said, "know thyself". The
market may not be the cheapest psychoanalyst but it is definitely one of the
best. If you are a jealous or insecure person - if
you have some glaring personality anomaly - You better take care of that before
you start trading. Winning traders put in the time as I did. They do their
homework. They get a good education. They methodically apply what they have
learned.
Q>> Do you
give personal financial advice?
A>> No, I
do not give either personal or general financial advice. I teach my trading
methods. I provide my methodology for you to learn from. I do not recommend you
use it - I do recommend you learn it and test it and decide whether it suits
your own circumstances. You are free to do that with an appropriately licenced
Advisor check out www.asic.gov.au for
people who are licenced to give you that advice.
Q>> Do you
offer any guarantees?
A>>
Yes, We do offer a guarantee: Attend the seminar
until Morning Tea. If for whatever reason you do not wish to continue and you
are sure that you will learn nothing from Joe DiNapoli and your manual is
unmarked and clean and returned intact to an ADEST representative we will give
you a full refund. No Questions asked. Its interesting but we find that many who
do ask for a refund go on to do other courses with us. So it is in our interest
to keep you happy.
Note: We do not offer any guarantees as to return or likelihood of your
outcomes in trading these methods.