Master Trader Workshop | Live Trading | Index and Forex Trading

Workshop Information		MAIN	Important Information
Payment to attend	AUD5,500	Payment	Who should attend the Workshop?		Experience
			What's more important - my book or Workshop?		My Book
Strategy Results			My only guarantee is that there will be pain.		Pain
Multiple-timeframe	Combo (All x 3)	All Mkts	What I and you should know about the markets.		Mkt Mode
Short-term	IndexTrader	All Mkts	Strategies work across both bull & bear markets.		Bull & Bear
Medium-term	BBTT	All Mkts	Frequently Asked Questions		FAQ
Long-term	IndexRIDER	All Mkts	Financial Services Guide		FSG

Pacific & Asian Mkts			European & North American Mkts
Multiple-timeframe	Combo (All x 3)	All Mkts	Multiple-timeframe	Combo (All x 3)	Stoxx50
Multiple-timeframe	Combo (All x 3)	SPI	Multiple-timeframe	Combo (All x 3)	Dax
Multiple-timeframe	Combo (All x 3)	Nikkei	Multiple-timeframe	Combo (All x 3)	Ftse
Multiple-timeframe	Combo (All x 3)	Taiwan	Multiple-timeframe	Combo (All x 3)	M-Nasdaq
Multiple-timeframe	Combo (All x 3)	Hang Seng	Multiple-timeframe	Combo (All x 3)	E-SP500

Hi it's Brent Penfold here.

Many thanks for dropping bye and taking the time to consider my 2011 Annual Workshop.

I hope I have provided enough information here for you to make an informed decision about whether or not to attend. If I haven't please feel free to email me at bpenfold@tpg.com.au with your question/s.

For this year I've decided to only run one Workshop and not two as I had previously thought. The Workshop will be held in Sydney over the weekend of the 11th and 12th of June. This will be my only public appearance for 2011.

Following the Workshop will be 90 days of live trading where attendees will be able to watch me personally trade the three methodologies I will be teaching. They'll see my analysis and orders before the markets open. They will see my fills, my wins and all my losses.

The Workshop will be focused on trading global index futures. I'll be teaching a comprehensive multiple timeframe trading solution for those traders who are interested in attending. I will be teaching short-term, medium-term and long-term mechanical index trading.

For short-term trading I will be teaching IndexTrader.

For medium-term trading I will be teaching BBTT.

And for long-term trading I will be teaching for the first time my IndexRIDER system.

Attendance at the Workshop will be AUD5,500 (Inc GST).

This represents tremendous value as IndexTrader alone, now in its 10th year of public release, is worth AUD$5,500 (Inc GST). Attendees will not only be learning my oldest strategy but will effectively be receiving BBTT (valued at AUD670) and IndexRIDER (valued at AUD5,500) for free.

By attending traders will be receiving three strategies valued at AUD11,670 for only AUD5,500!

And if that wasn't enough then traders will also enjoy 90 days of live trading watching me personally trade the three strategies live in real markets with real money. Not bad hey?

And as a side bar to owners of IndexTrader.

Although IndexRIDER is relatively new compared to IndexTrader I personally believe its superior to IndexTrader. I believe its a better strategy with a higher expectancy and greater profit potential. The only downside is that being long-term it does come with larger stops and a greater historical drawdown, but for those with more risk capital I believe it's a step ahead of IndexTrader. However collectively, the combined strategies are stand outs as they compliment each other through the use of their individual timeframes. That is, if your risk capital permits, you wouldn't choose one strategy over the other but trade them together as a portfolio of strategies balancing your opportunities to earn expectancy over the short-term (IndexTrader) and longer-term (IndexRIDER) timeframes.

And unfortunately there will be no discounts offered to owners of IndexTrader and BBTT who would like to attend. I've made this decision as each person will be attending the Workshop for their own personal reasons. Whether it will be short-term, medium-term, longer-term or multiple timeframe trading. There will be something for everyone in my Workshop and each will focus on their own immediate needs. Those who would like to learn short-tem index trading will be more focused on learning IndexTrader. Those who already own IndexTrader and BBTT would naturally be more interested in learning IndexRIDER. Learning either IndexTrader or IndexRIDER alone is well worth the price to attend the Workshop with BBTT thrown in as a bonus. As I said there will be something for everyone in my Workshop.

In addition I'm planning on teaching IndexTrader and BBTT on Saturday while leaving Sunday clear to teach IndexRIDER. If you already own IndexTrader and BBTT and are only interested in learning IndexRIDER then you may consider only attending on Sunday. If you are travelling from interstate then you could save on accommodation by flying in early on Sunday and then departing on a late flight, say after 7:00pm. Just a thought.

Now if you're serious about attending please do not delay as I do expect the Workshop to fill up quickly.

And please understand that although I can't guarantee you profits since no one knows what the markets will hold for us in the future and no one knows how successful strategies that have performed well in the past will perform going forward what I can GUARANTEE you are THREE absolute facts.

One, you will experience PAIN if you attend my Workshop. I say this as I do lose on plenty of my trades and I do suffer drawdowns. If you can't understand or this accept this fact, or if you can't see your self experiencing PAIN and surviving then my Workshop is not for you.

Secondly, I can guarantee you that I will personally be trading for 90 days the three strategies I will be teaching for all attendees to see. Attendees will see all my broker orders before the markets open. They will see all my loses. They will see all my wins.

And lastly, I can guarantee you that what I will be teaching is real. There is no fudging or curve fitting in the strategies I'll be teaching and trading. Yes they can be painful at times to trade, but at least their edge is real and they attempt to capture real market structure. Market structure that can be painful at times to capture, but real market structure that nevertheless can deliver an edge.

Also if you're unable to attend either because the dates are not convenient or you do not wish to travel to Sydney or Australia, then you can still participate in the Workshop by purchasing the Workshop manuals (x3) and participating in the 90 days of live trading. I pride myself on the level of detail I include in my manuals so I feel comfortable in saying that "absent" participants will still be able to learn my strategies. Ideally it is always best to attend. However if you're experienced in trading then I believe you'll be able to learn adequately from my manuals. And you have to understand that most owners of IndexTrader and BBTT already learn from just their respective manuals. In addition the 90 days of live trading will reinforce your understanding of each strategy through the daily repetition of seeing my analysis and orders when set-ups appear.

And to help you get an understanding of what to expect I've included the unsolicited email below I received from a trader who has attended one of my Workshops in the past.

I hope this all makes sense and please remember to email me if you have any questions.

Yours sincerely
Brent Penfold
AFSL 225946
May 2011

________________________________________
From: xxxx xxxx [mailto:xxxx@yahoo.com.au]
Sent: Sunday, 8 May 2011 11:08 AM
To: xxxx xxxxx Subject: Fw: April Trading Update

Hi XXXX,
How's the trading going mate, I've received nothing in my inbox for nearly 2 weeks! Anyway, I'll be back on the Sunshine Coast this Tuesday, after a great break, but want to pass on something important before then. Regarding all our conversations over the past 2 months, below you'll find some information from Brent Penfold about his upcoming seminar on Global Index Trading (including the SPI) which you may find interesting. I'm definitely attending, as I need a refresher course, plus, as you know Brent is my guru and I always learn so much. Also I want to be taught his long term trading system. XXXX, although it's not cheap, I really hope you can make it with me. The last time I did this about 5 years ago, I followed it up with my most profitable year's trading I'd had by far, and while I cannot guarantee anything, I don't think you'll be disappointed. Think of it as a taxable business investment to enhance your income. I've always told you to trade a system that suits your personality - well, this will give you a choice of short, medium or long term trading. It will also provide you with all those answers (and more) that I couldn't, as I was bound by a confidentiality clause that I signed with Brent. Anyway, give it some serious thought, it may just be up your alley, and speak soon.
Cheers XXXX

Multiple Timeframe Strategies I've put together a Workshop that will have something for everyone. Whether an attendee has a short-term, medium-term or long-term focus (or a preference to trading multiple timeframes like I do) there will be something for each trader who attends.

This Workshop will be the best I've held to date on index trading.

The strategies I will be teaching, in my opinion, are world class.

Here are the hypothetical performance results for the strategies individually and collectively as a portfolio of strategies.

Pathway for All Traders. Regardless of a trader's account size or risk tolerance the Workshop strategies and portfolio are flexible enough to fit all account sizes. Whether a trader has a AUD20,000, AUD100,000 or AUD1,000,000+ account size the strategies and portfolio can be tailored to fit their need. A AUD20,000 account trader can easily trade the SPI with just IndexTrader and BBTT. Once their account grew to say AUD40,000 they could then consider adding IndexRIDER's long-term methodology to their strategy portfolio. Please review the link above showing the three strategies just on the SPI. They would then begin trading a multiple timeframe strategy solution across a single market. And as their account grew further they could then begin adding additional markets to trade - like adding the Nikkei, or the Taiwan, or the Hang Seng, or the Stoxx50, or the FTSE, or the Mini-Nasdaq or the E-Mini SP500 as their account size and individual risk tolerance permitted. Naturally a AUD100,000+ account trader could consider trading the entire portfolio with the complete multiple timeframe strategy solution.

The point here is that my Workshop is totally scale-able providing a clear pathway for any trader regardless of their individual account size or risk tolerance.

Mechanical Strategies. All the strategies I will be teaching will be 100% mechanical with exact set-up, entry, stop and exit rules. There is no judgement required with my strategies. Either a set-up will exist or it will not. If it does there will be an exact rule on where to enter, where to place stops and where to exit.

No Traditional Indicators. My strategy's' set-ups, except for the use of a 200 day simple moving average indicator used by BBTT and IndexRIDER, do not utilise any traditional variable dependent indicators that are sceptical to "tweaking". In my humble opinion strategies containing traditional parameter laden variables are too subjective, making their equity curves and results too unstable and too flexible to depend upon for trading. They are not what I call 100% objective strategies. The strategies I will be teaching are. Meaning 10 different traders using the same strategy in the same market will see the same set-ups. The strategies can't be "tweaked". Apart from the 200 day simple moving average there are no indicators with variables that can be adjusted. The strategies will either work or they won't. They do not require a perfect variable value to appear historically profitable. And my strategies work. Not every day, not every week, not every month and sometimes not every year. But over the longer-term they have a definable edge that can't be tampered with.

90 Days of Live Trading will follow the Workshop where attendees will have 90 days to watch me trade my strategies. They will see their teacher walk his talk. They will watch their teacher trade. To my knowledge, I am the only trader who will not only teach you the theory and techniques, but who will also allow his/her Workshop attendees to watch them personally trade live for 90 days executing the strategies with real money, in real time and in real markets. Attendees will learn how I treat my trading as a business without the emotion that usually sabotages most traders. Attendees will see how my rule based strategies are 100% objective and do not require any subjective interpretation and judgment. The live trading will re-enforce attendee’s knowledge and application of each strategy. Attendee’s will learn how one hour of preparation each day will prepare them for success in trading index futures. Attendees will learn how repetition over 90 days of live trading will reinforce their new knowledge, create new powerful trading habits and create new confidence to set them on the path towards trading success.

How the 90 Days of Live Trading will Work

Quite simply.

The global equity market's day begins with the Australian SPI futures contract (and apologies to my New Zealand cousins) at 9:50am Sydney time.

The global equity market's day finishes when the floor traded S&P500 closes at 3:15pm Chicago time (6:15am Sydney time).

Between 6:15am and 9:50am Sydney time I complete my collection of the daily open, high, low and close prices for all the global index futures markets I trade. I then identify any set-ups that exist and prepare and email the appropriate orders to my brokers for the next 24-hours. If I have any open positions I will email my trade management instructions to my brokers. I will then email the Workshop attendees with both the strategy analysis and any orders/trade management instructions I have sent to my brokers. I do this all before the SPI opens at 9:50am. I usually complete this by 9:00am each morning.

Attendees will be able to print out my morning emails to firstly reconcile they have correctly understood the strategies (and making sure, I hope, that I'm following my own strategies correctly ... I have been known to make mistakes now and then). And secondly to watch how I'm going during the day as they can watch delayed intra day prices via the internet (say like http://futuresource.quote.com/home.action ). They'll be able to see how my orders are developing, see where they are being triggered and watch how they're progressing. They'll see where I get stopped out and they'll see where I'll take my profits. They'll know all of this off my morning emails. They'll be able to print it off and then watch along as they see my orders being triggered and being "live" in the markets. They'll see how the trading Gods will treat my position/s. They'll see how I manage my positions.

Now the whole point of my daily emails (analysis and orders) is not for me to do all the work but to allow attendees to check their own daily analysis and order preparation against mine. If there are any discrepancies attendees will then email me with their question/s.

During the day I expect to receive attendee emails with various questions about my orders, the strategies etc, etc. I will answer those in a group email so everyone benefits. Those emails will include illustrative charts where appropriate since I will have more time.

The whole purpose of the 90 days of live trading is to reinforce attendees understanding and knowledge of IndexTrader, BBTT and IndexRIDER. I believe its only through daily repetition that we as traders can really learn.

This is how the 90 days of live trading will work.

You’ll Gain three effective index trading strategies. One short-term, one medium-term trading and one longer-term strategy. By watching me trade live for 90 days attendees will learn how to eliminate fear and hesitation from their trading. They will learn how to establish the discipline necessary to follow their new strategies and they will learn how to develop good trading habits. They will learn how to gain the strength to take their losses without wavering. They will learn how to eliminate fear, doubt and hesitation. They will learn how to avoid over-confidence and the dangers associated with it. They will learn how to maintain discipline and consistency. They will learn how to live within the reality of their new trading strategies. They will learn how to become a successful trader.

Learn Secrets Long Held by Professional Traders. Attendees will learn not only how, but why professional traders trade the way they do. They'll learn how pro traders will trade multiple strategies over multiple timeframes. Attendees will learn trading a portfolio of strategies will smooth out an individual's equity curve. They'll learn that most strategies will not make money in every market in every year. They'll learn that all strategies at sometime will experience their own individual drawdown (loss). However, attendees will also learn that although one strategy can experience a losing streak another strategy can also be enjoying a profitable run. They'll learn how trading a basket of strategies can deliver smoother results.

Learn How To Trade While Still Working Full Time. Attendees will learn how to trade like a professional while still maintaining their day job. They'll learn how to trade without having to sit in front of their trading screen 24 hours a day. They'll learn how one hour a day will allow then to identify their trading opportunities. They will learn how to professionally prepare complete trade orders with entry, stop and exit instructions.

They'll learn how to "enter, set and forget" their orders.

They'll learn how to trade smart, like I do.

Special Workshop Features
Strategies
Learn the complete rules for three 100% mechanical index trading strategies.

Short-Term Trading:           IndexTrader
Medium-Term Trading:       BBTT
Long-Tern Trading:            IndexRIDER

For each strategy attendees will learn;

      - when to trade
      - where to enter
      - where to place stops
      - where to take profits

Money Management
Attendees will learn effective money management techniques.

Psychology
Attendees will learn an effective approach to trading psychology.

90 Days of Live Trading
Spend 90 days watching me trade live the 3 strategies in real markets with real money. After 90 days of live trading attendees will learn how to trade;

      - without fear
      - without doubt
      - without hesitation
      - without mistakes
      - with confidence
      - with discipline
      - with rules
      - with purpose

What Attendee Will Take Away
Traders will leave the Workshop with the following:

     - Workshop Manual (450 pages in full colour)
     - IndexTrader's Manual
     - BBTT's Manual
     - In an excel spreadsheet;
              - A complete copy of my index futures data: Daily open, high, low and close.
              - Instructions on how to collect the daily data off the internet each day.
              - A complete trade history file for each strategy over each index futures market.

     Note:
     There is no manual for IndexRIDER as I don't sell it off the web site however 252 pages of
      the Workshop's 450 page Manual is devoted to IndexRIDER.

Learn Three 100% Objective Rule Based Strategies
Attendees will learn three simple 100% objective rule based trading strategies covering short-term trading, medium-term and longer-term trading. These rule based methodologies are 100% mechanical trading strategies that do not require any interpretation or judgement. A set-up will either exist or it won't. Attendees will walk away from the Workshop with a portfolio of three strategies to begin trading index futures with both confidence and profits.

These strategies are both simple and effective and do not require any sophisticated software to trade. Attendees will learn how these strategies can easily be traded with just an excel spreadsheet and access to multiple timeframe charts. As I said these strategies are simple. Being simple makes them 100% objective. Being simple means they do not require any subjective interpretation or judgement from the trader. Being simple means they are robust. Being simple means less can go wrong. Being simple means these results are easily verifiable by those traders who are prepared to do the work to independently backtest the strategies and verify their individual expectancies.

But being simple doesn't make them perfect or easy to trade.

But then for those who have been trading long enough know there is no such thing as “perfect” or "painless" in trading.

Although my strategies are simple to understand and learn, they're not easy or painless to trade. They do lose and they will bruise you. But at least they are real. And being real makes them verifiable. Verifiable, real and simple strategies. Strategies that have not been curve fitted to historical data using a multitude of indicators. Strategies that between them only use one traditional indicator - a 200 day moving average. The strategies DO NOT contain variable dependent and optimisable indicators. These are all real, verifiable and simple strategies that have an edge. Attendees will learn one secret to successful trading is to keep strategies simple. Simple makes it real. Real engenders robustness. Robustness engenders longevity. Longevity engenders trading success!

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In Summary
By attending the Workshop attendees will commence the establishment of their own trading business. They'll walk away with not just one or two trading methodologies but three. They will have a ring side seat as they watch me trade live. They will enjoy a live trading program where they can engage in dialogue with a professional trader. They will commence their ascent to becoming a successful trader.

To attend attendees will need to print, sign and have witness the Confidentiality Agreement and either mail or email a scan copy depending on their preference. Their payment will then confirm their place.

I look forward to helping you achieve your trading goals by showing you how I trade and then allowing you to watch and trade with me lived for 90 days!

Yours sincerely,

Brent Penfold
Futures Trader
Futures Adviser
(ASIC AFS Licence Number 225946)
Sydney, AUSTRALIA

Contact: Email bpenfold@tpg.com.au
Phone +61.2.9798 7428

Index CFDs
Although I will be trading index futures please understand that my strategies are also suitable for trading index CFDs since both CFDs and futures are based on the same underlying cash market - the sharemarket. However there is a difference between the two which can have a bigger impact on the IndexTrader's short-term strategy and less so on BBTT and IndexRIDER's medium-term and longer-term approaches. CFDs are really a "spot" or current market for index trading while futures are a "forward" market for trading indices. Being forward means interest rates or yield curves can impact their pricing. Futures can contain a discount or premium depending on the interest rate differential between countries. However as the "forward" futures markets come closer to the CFD "spot" date, or "expiry" in futures terminology, the difference between CFD and future prices narrows considerably to a point where there should be no difference. Their prices will match. Anyway the point is that there is a difference between the "spot" CFD index price and the "forward" futures index price. This difference will have more of an impact on shorter-term trading (i.e. IndexTrader) where trades are held for a short time then compared to longer-term trading (BBTT and IndexRIDER) where positions can be held open from a couple of weeks to a couple of months.

Brent Penfold is a full time trader, author, educator and licensed Advisor. He began his career in 1983 as an institutional dealer with Bank America and today specializes in trading forex and global indices. Brent is the author of the best selling books Trading The SPI (Wiley 2005) and The Universal Principles of Successful Trading (Wiley 2010) and is profiled in John Atkinson’s e-book The Stock Market Wizards of Australia. His new books, Trading with the Hidden Dragon and Forex Trading Made Profitable are due for release in by John Wiley 2011 and 2012. Brent publishes daily newsletters for active Forex and Index traders and is a popular and sought after international speaker who has presented to traders throughout the Asia Pacific region in Australia, New Zealand, Malaysia, Singapore, Hong Kong, Vietnam, Thailand, India and China. Brent is a licensed futures advisor (AFSL 225946) and holds a Master of Commerce (Finance) degree.

Note: All performance results are hypothetical only, showing the results of trading 1 futures contract per signal. Please be aware hypothetical results DO NOT indicate future success. Hypothetical results may under, or over compensate, for the impact, if any, of certain market conditions, such as but not limited to, poor liquidity, poor execution, competitive or expensive brokerage etc. Traders need to be very aware there is RISK OF LOSS in futures trading. Hypothetical, historic or actual results do not indicate future success.