The Trader returns! An update about exciting events happening right here!

Hello everyone!

It’s been a long time indeed. There’s quite a bit of news, as so much has happened over the last year.

Since March this year, I have been spending most of my time managing my portfolio of funds, trying to find a better life-work balance, and exploring possible new ventures with regulated London partners.

 

I will continue to focus on my own systems and funds, and am also keen to progress through getting regulated as an individual with the FCA regulatory body.

The first bit of good news is, I now have more time that I did before, and have agreed to join the prestigious company Trade with Precision as a speaker.

The second bit of good news is that I’ve managed to convince two other excellent traders to join this blog. They will be contributing a number of incredible mentoring and analytical pieces for you, aimed at assisting traders in progressing effectively along their journey. More on this soon!

So, be prepared- there should be an increase in content on this page for those of you wanting to improve your skills and see genuine improvement in your confidence and results.

Wishing you all the best,

Adam

London- Canary Wharf

AUDUSD Sell EOD trade setup – please evaluate yourself

This trade setup is a trend-continuation short. I’ll be waiting for the bar to close and place my order Sunday night, after the market opens. My target is the next key level- 0.9208

 

audusddaily_shortsetup

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

How your behavior can affect your finances – video link

https://anc.yahoo.com/video/behavior-affect-finances-104641031.html

 

[ON THE MONEY] When it comes to finance, it’s easy to work the numbers. Understanding how the brain works on the other hand and how it affects our behavior is a more trenchant task. This understanding is crucial to investing because every decision to buy or sell is secretly affected by biases that are lodged deep inside our minds. On The Money is joined by Larry Cao, a chartered financial analyst from Hong Kong, who will tell us three important biases each investor has to fight.

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