Episode151: The Rob and Raghee Divergence or: Half Off Is for Walmart

by robbooker on May 20, 2013

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In this episode, your host Rob Booker responds to an inquisitive e-mail from someone that we’ll just call “M.” His e-mail asks a number of questions, including: Why sit in front of your computer and teach people about trading, instead of just flying around the world, enjoying your trading wealth? And there are many other Web sites with a trading room, and so forth, so what makes yours different? So, Rob has a good time fielding M’s queries.

Then, at about 9 minutes into the episode, we’re joined by special guest and friend, Raghee Horner, the creator of the 34EMA Wave and the GRaB indicator. Rob asks Raghee a few questions that are peripherally related to his previous discussion of M’s e-mail. Rob asks Raghee what is the mistake that she keeps making, and in response, she talks about her hit-and-miss affair with stop-losses. And then Rob and Raghee discover their point(s) of divergence as traders! Give this one a listen — we think you’ll have fun!

Links for this episode:

May 9, 2013 Open Trades and Pending Orders

Daily Forex Trading Edge.com

Raghee on Twitter: @RagheeHorner

Twitter: @RobBooker

TFL365.com

The Traders Podcast on Twitter: @TradersPodcast

E-mail us! Producer@TradersPodcast.com

{ 3 comments… read them below or add one }

Scott (fatbeetrader) May 20, 2013 at 9:28 am

Hey Guys

I found this episode particularity interesting as I’ve had more than a few people have ask me over the past few weeks why I would take time out of my life to share charts and G/hangout with people to talk about their trading, or even post my results, if I’m trading as well as my results say I am.

Its a valid question, I’d say that for me its got a lot to do with connecting with other people (in particular traders), being able to help them with something that perhaps I have been through, or just meeting new people that I may never had had the opportunity to meet!

With respect to the value of live trading rooms / webinars such as TFL-TV. I believe that that anything that encourages you the trader to be there in front of the charts at the same time every day CONSISTENTLY and helps you analyzing the market CONSISTENTLY, even if you dont necessarily take the trades offered/suggested but use the analysis as a basis for your own decisions, is reason alone for looking at such a service.

Without other people to relate to / chat with being a full time trading working from home can be a lonely and at times pretty boring business, plus there’s only so much honey to be extracted from the bees!

P.S. I’m a massive fan on tfl-tv i think I only missed 4 or 5 episodes live.

All the best

Scott

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fxoutlier May 20, 2013 at 11:27 am

You are my therapist Rob, you are the centre of my Napoleon Hill ”Master Mind Group.”
The Podcasts, The Tour, TFL365 which I’ve just joined, and yes I miss TFL-TV too ( and Wilson ). Maybe there aren’t many original ideas out there, but you have a unique way of putting these ideas across, which must be an originality of its own. Great to hear from Raghee too, and Scott above.
P.S. And yes my favourite movie, ”Bad Santa.”

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Chris May 22, 2013 at 10:51 pm

Hi guys,

Cool episode. I just read Raghee’s book and totally love the 34-EMA Wave.
Just wanna ask what is that program/website mentioned here that they use to compare the pip range of different pairs?

Thanks.

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