Free Live Trading Workshop, London – 27th January 2016

Hi everyone,

First of all, a belated Happy New Year to you, and wishing you all the best for 2016!

I am presenting a free trading workshop in collaboration with Trade With Precision the week after next in London, and you are invited!

Read a little more about it here, and feel free to register to attend- I look forward to catching up with you then!

There are limited seats, and they will fill up fast.

Here is the link to register:

http://member.tradewithprecision.com/free_live_trading_workshop_london2016

tradersWorkshop

 

Best,

Ads

Update – Limited mentoring with Adam

Hi everyone!

It’s been a while and I hope you’re all making good progress with your trading.

Just to fill you in, I’ve put a lot of effort into setting up my fund trading and it’s been invaluable but time consuming. Now that that’s in place, and aside from the work I do with TWP, I currently have a few hours free each week where I would like to offer mentoring to those of you who feel you would benefit.

On a limited basis, I’m able to offer one-on-one coaching packages of ten thirty minute sessions for £1,000. 

These sessions would help you to improve in the following ways, plus any further questions regarding your particular needs.

  1. Refinement of your existing technical analysis, strategies and trade/risk management
  2. Trading psychology
  3. Reviews of your trades with constructive feedback
  4. Increase your confidence and trading experience
  5. Help you become more consistent across the board

Please let me know if you are interested, you can contact me directly at adampeterharris@gmail.com

PS. Something to keep in your diary  for the end of November, is that I may be hosting for TWP, a Trader’s Environment Day, which will be a half-day seminar, and I would like to invite you to it. I’ll keep you posted about this!

Warm regards

Adam

Update on my coaching role

Hi everyone,

As you may, or may not, have heard, I am moving on to other roles as a trader from the end of May 2014, this month.

I have several new opportunities, all interesting and potentially financially, educationally, and personally rewarding, and have thought long and hard about leaving my current role, which I enjoy thoroughly. I love my colleagues and delegates, but I have to make the choice to move one.

With this in mind, I will be fading out my role as a presenter and coach at Learn To Trade/ Knowledge To Action over the next month, and possibly June as well.

I am going to make myself available for coaching on site at these dates:

Monday 12th May 2014, 9am-5:30pm
Tuesday 13th May 2014, 9am-7:30pm

Saturday 17th May 2014, 9am-12pm (Group only) and 1-3pm (one-to-one)

Monday 26th May 2014, 9am-5:30pm
Tuesday 27th May 2014, 9am-7:30pm

Saturday 31st May 2014, 9am-12pm (Group only) and 1-3pm (one-to-one)

Please note that the group coaching sessions will handle a maximum of 10 people, and is worth 2 coaching sessions. (It costs you 2 coaching sessions, but is 6 coaching sessions long)
In order to register for the group sessions, please email me with the date of the group session you wish to attend, and I will check if you have coaching sessions avilable and book you in if you do.

Regarding the skype sessions in the evenings or weekends, I will only action those next month, in a follow up email this week; I simply cannot give every waking hour up for coaching this month.

Looking forward to seeing you there, and at my Master Trader Bootcamp next weekend!

Best,

Ads

Notes from Forex Bootcamp 31st March-1st April

We covered:

  • All strategies
  • Price Action – bullish, bearish, indecisive
  • Cyclicity- swing lows, swing highs
  • Stop and profit management
  • Risk management – maybe also advanced IG’s
  • Horizontal levels- round numbers – 1.3500, 1.3000. 1.0000
  • Timeframe correlation 5, 15, 30, 60, 120, 240, 480, 960, D, W, M
  • Trade plans
  • 6 human needs
  • MACD, RSI, Stochastics divergence
  • Fibonacci levels, pivot levels
  • Trade checklist

Sidenote comments: Convergence/Divergence, much more useful when waiting for indication of expected reversal of trend- used by master traders to trade reversals. Trend line – only temporary, and useful to identify trend channels, and only for as long a they last. Trendline is drawn on extremes, with at least 2 touches, probably 3. I use a best-fit approach.

General Income Generator Notes

Trend trading strategy, works by identifying P2 pullbacks/retracements

The indicator creates signals by: Identifying trend direction, using 5&20EMA’s. 5/20 is uptrend, and 20/5 is downtrend.

Identifying P1 or P2 using envelopes around the 5EMA.

 

DEVELOP YOUR OWN TRADING PLAN

1. Markets/charts to be traded e.g. Stocks, Forex, Commodities (Anything that’s trending, liquid, with decent spreads)

2. Timeframes on charts to be traded e.g. Daily, 960, 480, 240, 120, 60, 30, 15, 5

3. The hours you will trade- e.g. 5am-9am, after 9pm, or before 7am.

4. Trading strategy:

Definition of a strategy; a description of the conditions required to enter, manage and exit a trade.

e.g Sniper short: when price is below the 50EMA on Daily, 240, 60min, then enter short live when price touches the 50EMA on the 5min timeframe, with a stop of 20 pips, and a target of 20 pips. All time frames, must be trending nicely, and in phase 1. Before entering, check that price is not too over-extended on any of the higher timeframes, or in phase 2.

5.Risk management: Maximum 1% per trade, but if a series of losses occurs, to improve my emotional resilience, I will reduce risk per trade down to as little as 0.25%

6. Stop management

7. Target/Profit management

 

Trade checklists: PIVOTS (1:0.5 -> 1:2.5)

1. Trend in place (Optimal chart structure)

2. Higher timeframe 60, 240, 480 at least, 960, Daily, Weekly, Monthly bonus PIVOT

BONUS points:

– Daily, 480, 240, 60 is just starting phase 1- means lots of room to run.

– Price action, high-test, low-test, inside bar, outside

– Break and retest S/R (Round number extra)

– aligns on top of monthly and/or weekly pivot.

– Fib level S/R – Moving S/R 20/50 EMA

Stop management – place stop as close as possible, while protected by moving averages, fib levels, S/R levels, other pivot levels, price action. Once triggered, leave to run, unless multiple rejections of some S/R level before your target.

Profit taking/management – Leave to hit target, or close if clear resistance level has appeared.

Optimal Pivot 01
Optimal Pivot 01
Optimal Pivot 02
Optimal Pivot 02

SNIPERS (1:1)

1. Trend in place (Optimal chart structure)

2. Higher timeframe in at least 3 higher charts e.g. 30min->240, higher timeframes in agreement, just more of a bonus.

3. Monthly is in agreement, with trend AND phase, is a bonus

SNIPER BONUS points:

– 240min is just starting phase 1- means lots of room to run.

– Price action, high-test, low-test, inside bar, outside

– Break and retest S/R against pivot or moving average (Round number extra)

– Fib level S/R – Moving S/R 20/50 EMA

– bonus if bouncing off cluster of MA’s 20+50

Stop management – 20 pips, do nothing.

Profit taking/management – 20 pips, do nothing.

Optimal Sniper 01
Optimal Sniper 01
Optimal Sniper 02
Optimal Sniper 02
Optimal Sniper 03
Optimal Sniper 03

INCOME GENERATORS (1:1 -> 1:3)

1. Trend in place (Optimal chart structure)

2. Higher timeframe weekly minimum

3. Monthly is in agreement, with trend AND phase, is a bonus

4. NB. NO trades against weekly trend direction!!!!

IG BONUS points:

– Weekly is just starting phase 1- means lots of room to run.

– Price action, high-test, low-test, inside bar, outside

– Big bonus is small candle/bar, smaller than average- better risk:reward

– Break and retest S/R (Round number extra)

– Fib level S/R

– Moving S/R 20/50 EMA

Stop management – place stop as close as possible, while protected by moving averages, fib levels, S/R levels, price action. Once triggered, only update to 5-10pips behind daily once bar/price has demonstrated a clear move and close away from the entry. Trail until stopped out.

Profit taking/management – Either close out when 1:1 target is hit, or take 50% off, or close out when key S/R level is hit, or close out if price does a big move and closes outside of outer envelope.

Optimal IG structure 01
Optimal IG structure 01
Optimal IG structure 02
Optimal IG structure 02
Optimal IG structure 03
Optimal IG structure 03

Items all the coaches agree on:

1. Price action – shape of bars/candles, trend.

2. Higher timeframe correlation

3. Horizontal levels as S/R

4. Fibonacci

Generally understood to be useful additions: Trendlines, Convergence/Divergence indicators, Moving averages, pivots

Some caution ahead of this week’s NFP!

Hi everyone,

First of all, this is a reminder for you to book your coaching in with me as soon as possible, especially before your coaching session expire!

If you need assistance, please do not hesitate to contact Katie.lewis@learntotrade.co.uk to help you book yourself in.

I recommend you book in for coaching this week, or next.

As for general trading conditions, please note that this week Friday is Non-Farm Payroll day, and the market is very likely to swing about wildly between Thursday and Friday. In order to keep yourself safe, I recommend you do not trade on either Thursday or Friday this week.

I will go over this in greater detail in this week’s Midweek Market Focus!

Also, if this week becomes very sluggish, and hardly moves between today and Wednesday, it’s likely due to the market deciding to wait until then, and being undecided, or pausing. This is in itself a indication to wait and not trade.

From a technical analysis point of view, please note the following can contribute to extreme changes in daily trends:

All the charts below (weekly/daily/monthly) show the majors at or very near key horizontal levels, starting with the USD Index- this indicates that a reversal could well happen this week- this is often the case when the market hits key levels at the same time- then, it’s the US Dollar that will probably tip the game. Please be aware of this!

NFP_CHF NFP_DX NFP_EUR NFP_FTSE NFP_GBPUSD NFP_nzd

Reminder: Free Webinar Market Scan, Monday 24th February, 8-9pm.

Hi everyone,

Don’t forget about tomorrow night’s free market scan webinar.
You may already have registered, but if you haven’t, here is the link:
Everyone is invited, and welcome to join. I recommend logging on about 7:55pm London time.
If you haven’t attended one before, this will be a new experience for you. I normally offer these as a live trading coaching experience for my delegates, who already understand the signals we are looking for to find strong setups.
Because of this, the webinar is more focused on scanning all the charts, looking for a signal. It’s fast, or will seem that way for most newbies.
To start off with, please understand that I will be scanning every Forex and Stock chart to check Monday night’s daily bar. I will then determine if it is a reversal, Doji, Low-test, High-test, outside, inside, or even double-inside bar setup. If it is one of these, then and only then, will I proceed to evaluate it further, and assess the validity of it as an actual desirable trade.
In order to keep it very safe, I will only be focusing on trending setups, but will highlight reversal setups for the Master Traders if any good ones are there.
All trades are taken with 1% risk, or less, and if several setups occur on the same currency pairs, the recommendation is to either select one of them, or divide up the 1% risk over all of them, mainly in order to manage our risk.
Profit can be taken with a limit order at a 1:1 target, and trailing using daily 10 pip trailing stop.
If you do not understand any of the terminology I’ve used in this email, you must book yourself in for coaching with me as soon as possible! Let me repeat that- book yourself in for coaching with me as soon as possible.
Contact katie.lewis@learntotrade.co.uk and ask for any assistance you may require.
Further coaching sessions can be ordered from me, at a discounted rate, if need be.
I’m very much looking forward to seeing you online tomorrow night!
In the meantime, there are currently setups on the following charts, for tonight, please evaluate against your own trade strategies:
EURUSD LONG, EURAUD LONG, EURNZD LONG,
AUDCAD REVERSAL SHORT – Master Traders, and Prop only!!
Regards,
Adam

Market Scan Webinar – Thursday 30th January 2014

Hi everyone,

If you wish to join tonight’s webinar market scan, from 8-9pm London time, you only need to book 1 coaching session from the sessions I’ve opened up for this Sunday 2nd February.
Once you’ve booked a single coaching session of the limited available spaces for Sunday 2nd February, I will send you the link for tonight’s webinar (Thursday 30th January).
If I am not your coach, you can email info@learntotrade.co.uk, and kindly ask to have a coaching session transferred to me.
I look forward to seeing you then- have a great week!
Adam