Trading FTSE

August 23 2016 Trade on the Ftse (Example Chart).

Image of  Ftse 100  with proof of trade

This Ftse Trade was nothing special really. A quick 12 points. Nothing much really happened after this example, which proves once again that it is better to get trading out of the way as soon as possible after the open.

Proof of trade (entry and exit) are at the bottom left of the chart image.

Trading Dow

August 23 2016 Trade on the Dow Jones (Example Chart):

Trade Dow Jones Chart Image: 2016.8.23

I was distracted when the best trade on this Dow Jones chart lined up (I know, excuses, excuses...). The example shows where price briefly touches the purple centre Bollinger line above. 

But I managed to eek out almost 20 points from the bottom up. You had to be really quick for both of these trades, so a keen eye is essential. Price just went horribly sideways after I exited.

Proof of trade (entry and exit) are at the bottom left of the image.

BIG CALL TRADING REPORT: 10 MARCH 2016

What is included in the Big Call Report?

Firstly, a bang up to date video clip. Inside the video report, we discuss detailed charts of where the immediate opportunities lie. 

PLUS

Read the latest Technical Trader update. A full trading summary of all the Major indices, including my long, medium and short term positions. PLUS trend change projections.

1. Introduction

Since Tuesday's report we have experienced classic corrective, fairly directionless action. Having said that we currently have waves A and B of the pullback off the recent peaks suggesting a C wave ...

2. UK FTSE 100

The FTSE is now at 6138 down 8 points. A C wave ...

3. The German DAX
The DAX is now at 9710 down 12 points. The chart below shows the action and ...

The German Dax Image

4. The Dow

The Dow closed yesterday at 17000 up 36 points, with IG now quoting it at 17010 (+10). We already have an A-B-C rally off the lows here but ...

5. The Japanese NIKKEI DOW

The Nikkei Dow closed this morning at 16852 up 210 points. The rally ...

6. Gold (UK cash)

Gold is holding support around $1250 so far.

7. China 300

China 300 is now at 2813 on IG. Looks like we are seeing my main alternative ...

8. FOREX/VIX

I bought the Volatility Index (April 2016) last week on IG around 20.50. The logic of this trade is this index (aka the VIX) cannot ...

The Way To Trade Better - Intro

I've been really busy producing the follow up to my best selling book 'The Way To Trade' with my new book, 'The Way To Trade Better' so apologies for my lapse in posting here. 

In this post I introduce the book, and for those of you that don't have time to watch all of the video I'll summarise some of the points and where they occur. Please forgive the occasional blip, I had some publishing issues.

Anybody can do anything, and there is a valuable message here. A clue? I had no idea how to write a book, but if you break it down... 0.26

Everybody needs an expert (mine is my publisher). 1.00

Planning is essential if you are to have a chance of succeeding. 1.36

Without a clear trend, trading is far more difficult. 2.25

A brief story and the introduction to the book. Learn from someone else's mistakes, one upon a time... 3.10

What this book is about. My 5 step process. 6.12

A really important note on stops. 7.53

Take care to focus on what is important. 8.50

What's your style? My style (for a quote from a true master, click here)?  10.09

Getting the trading right, your mindset. your psychology. 16.05

Conclusion and an example of what can be achieved when you work at it. 14.15

I hope you have enjoyed this excerpt, which will be one of several posts introducing The Way To Trade Better.

You can purchase the book directly below:

German Dax Trading- Nice One for My Subscribers

German Dax Trade

I've been quiet of late, busy looking after my existing subscribers amongst other things. But I thought it worth posting a recent trade that many of you were/are really pleased with. I originally highlighted it  in the 2nd June Big Call newsletter.

German Dax Trading Chart 

'The German DAX
The DAX is now at 11332 down 98 points. Similar action on the DAX with maybe some backing and filling now due - see chart above.'

In fact things ended up progressing, and whilst working my way through a lunchtime treat (I won't mention her name) at a mere whiff over 11500, we got the downside we were waiting for:

German Dax Chart Nice

Here's the action without the dialog box in the way:

German Dax Clear Trading Chart

At the time of writing, it is still going (unlike me). So there you have it, well done to those of you who had the patience to wait for the big move and enjoy watching it play out.

Are You Trading Like a Mug?

Have you ever caught a good move and completely failed to stay with it?

Many have, but what can you do if you find you are focused on exiting? You could change your focus to adding to the position. 

Why? Well, as long as the idiot left hemisphere of your brain has 'something' to think about it is normally happy. You need to keep it occupied enough to avoid impulsive, rash moves.

img-dunce-compfight.jpg
Photo Credit: tomylees via Compfight cc

Taking your mind off the negative will help provide a distraction. But first you need to understand why your mind behaves in this way.

Don’t switch tactics, stick with proven ones through thick and thin. Otherwise you will find that as you change so will the market and you will keep missing out. Be patient.

You need other people to help you learn this business and to help you realise the value of time honoured trading techniques. 
 
If I respect someone’s abilities in the market I always do what they ask. I think that is a good rule to follow. In other words you must make yourself an “empty vessel.” It is no good going around full of yourself, if you do there is no room for anything else. If nothing else, digest and focus on this last aspect. Meditate if it helps.

But when it comes to trading you must be your own person. Do not follow anyone else, do not listen to anyone else. Go your own way, that is the only way to succeed. This does not mean that you do not use other people’s methodologies, or parts of them, but you must make them your own. Nothing else will work.

Do not fall into the trap of the three time loser. Most traders use a system then drop it when it loses three times in a row. But all systems do this. If you follow this route you will never find success, because you will be constantly changing.

You must adjust your focus. Choose the factors you need for your approach and obtain them, using appropriate software, feeds, etc. Then become expert in that approach. You have got to become an expert to win and you are never going to manage it unless you specialise.