Hi Folks,
I have done the full training course as offered by Dr Forex , Mr Dirk du Toit, nearly two years ago. After completing his course , I have been attending his morning mentor sessions (daily Briefings) at 06h15 GMT, where he gives a full analysis of the forex markets each day, and the possible trades to do, based on his "median trading" technique.
Dirk doesn't have a tip service. However, if you follow his program you have the same approach to the market what he have and intuitively understand how the shared "fundamental" insights may effect your positions or how you should think about new positions. Dirk does not call it "fundamentals", but "market dynamics" - and it is all about getting in tune with how the market discounts, which is IMPORTANT (and stuff the rest) information and how that shows up in prices.
You ask about methodology, time frames and so on. Taking the risk that I stand to be corrected by the Doc himself, I would say he is an (not very strict) intra week trader. But that doesn't mean you can't be a very successful intra day median trader. He believes in taking profits regularly off the table and there is no sin in taking a 30 - 40 pip profit, however a 100 pointer is also welcome and necessary from time to time, thank you. In his new book, " Bird Watching in Lion Country", he very convincingly argues that strict intra day trading is a basically random effort and most won't ever be successful with it. Realizing this his mentoring is geared towards helping one to see that a "manageable time frame", which can differ from individual to individual, is much more suitable.
The most important aspect I think where his approach differs from EVERY other retail forex trainer that I have come accross (except the real empathy and real concern inherent to his personal approach) is his MULTI ENTRY system. In other words, where most say, take the maximum you are prepared to trade with, wait for your signal, add your stop and limit and trade, he says, "just take a little bit of what you 're prepared to risk and enter in a identified "zone", and then add to that position, preferably at BETTER prices (not more expensive) and do so until you are fully "invested" and then wait for the profits, which you can pick off all at once or one by one."
This is an absolutely OTHER WORLD. Based on this approach, he placed in Bird Watching a real live managed account which shows a per trade (or entry) success rate of about 90% (and that includes some losses on the day Sadam was found) over about a two month period with a return of 78% during that period.
I mention all of this because you asked about systems and indicators and so on, but if you get involved with Dirk, or even just read the book, you will immediately realize that his approach is comprehensive and 100% in line with Piper's excellent "trading pyramid" in his "The way to Trade". If you want to be successful you must see trading as a business and your trade identifying methodology is only a small part of that business. If you focus all attention on that, you might be a brilliant technician but a bad businessman - and your forex business will fail.
I will stake my reputation on the following:
Get Part 1 of this e-book " Bird Watching in Lion Country- Retail forex trading Explained " for free
http://www.dayforex.com/df_home.asp?BoxList=bwilcfreepart1pass.ht m
After reading this first part, and you decide to buy the rest of the 238 page book, it will be the best and most profitable $ 50 spend on your forex training / trading career, irrespective if you are a pro, intermediate, struggler or absolute newbie!
I know many readers here are scared to act, because there are so many scamsters out there. For their sake I can mention:
I live in the same city (Pretoria), have visited Dirk at his house where he works from, and he is for real. He lives in a pretty smart, nicely furnished, house with a beautiful view in an affluent suburb of Pretoria, with newish (but not latest) model BMW and Merc in the garage, and he trades full time since 1998. So I believe, considering that he does not get $10 brokerage on each trade 5 times a day, (cause his clients mostly trade 10K lots, and not even once a day), do not charge $5,000 for training etc. he obviously has something going for him - and I don't think it is a big inheritance -
I can certainly recommend him as a person and forex mentor, and all that he has done over many years in the forex world.