Not long ago, a group of traders huddled up in a room in Brisbane, Queensland, Australia. The night was heavy like a damp towel, but inside the fresh air allowed for crisp relief from the evening downpour.
Some traders were new, excitable pups…
Keen to devour some new systems…
And others had seen it all, decades of experience pulling profits from the markets.
The experienced chaps wanted to stand back and make sure they weren’t being fed a steaming pile of you-know-what…
It was a wonderful tossed salad of experience – and I should know, because I was there…
We shared our trading systems and we talked story… and went to the pub (to talk more) after the meeting.
It was fun, I love meeting interesting traders (mostly because they think differently) – and afterwards we went to the pub for some cold ones…
If you’d like to listen in on the event, here you go:
Download the slides here and follow along…
In this seminar, you will find:
10:40 – The one reason (and only reason) why trades fail
12:55 – Why Indicators Are “Price Action For Dummies”
13:30 – The weird thing that is sometimes added to indicators (no one knows why)
15:03 – How indicators encourage losing trading
15:25 – Why indicator based trading can ruin your chances of going pro
15:50 – MACD – slide 3
16:11 – USD/CAD – slide 4
16:28 – USD/CAD – slide 5
16:41 – USD/CAD – slide 6
16:43 – USD/CAD – slide 7
16:45 – USD/CAD – slide 8
16:47 – Which price action elements are the basis of the MACD indicator?
16:56 – Stochastic – slide 9
17:29 – GBP/USD chart – slide 10
17:48 – GBP/USD chart – slide 11
18:00 – Ichimoku chart – slide 12
18:21 – AUD/USD chart – slide 13
18:25 – AUD/USD chart – slide 14
18:28 – AUD/USD chart – slide 15
18:40 – AUD/USD chart double top – slide 16
18:51 – MACD – slide 17
19:11 – USD/CAD chart – slide 18
19:20 – USD/CAD chart – slide 19
19:25 – When the best naked trades trigger, and why…
19:45 – RSI chart – slide 20
19:53 – USD/CAD chart – slide 21
19:58 – USD/CAD chart – slide 22
20:10 – Stochastic – slide 23
20:22 – EUR/JPY chart – slide 24
20:30 – EUR/JPY chart – slide 25
20:55 – Moving averages – slide 26
21:12 – CAD/JPY chart – slide 27
21:23 – USD/CAD – slide 28
21:27 – USD/CAD – slide 29
21:29 – Which indicator uses the high, low and the close in the calculation
21:53 – ADX – slide 30
22:12 – AUD/CAD – slide 31
22:20 – AUD/CAD – slide 32
22:34 – RSI – slide 33
22:37 – XAU/USD (Gold) – slide 34
22:41 – XAU/USD (Gold) – slide 35
23:50 – How to find better big shadow trades (and avoid the low-probability setups)
23:59 – The type of “trap” setups that hook many naked traders into losing trades
24:27 – Rate of Change indicator – slide 36
24:30 – CAD/JPY – slide 37
24:45 – CAD/JPY – slide 38
24:52 – Stochastic – slide 39
25:05 – EUR/JPY chart – slide 40
25:11 – EUR/JPY chart – slide 41
25:50 – What Ed Seykota from the Market Wizards book says about his entries…
26:18 – Momentum indicator – slide 42
25:22 – Which type of orders will increase your win rate
26:22 – NZD/JPY chart – slide 43
26:26 – NZD/JPY chart – slide 44
26:34 – CCI – slide 45
26:37 – The popular indicator that uses a “magic number”
26:52 – NZD/USD chart – slide 46
26:59 – NZD/USD – slide 47
27:04 – MACD – slide 48
27:14 – XAU/USD (Gold) – slide 49
27:30 – Why “room to the left” is so critical for pinpointing reversals in the market
28:28 – Why some big shadows in traffic are viable, whereas others are not…
28:48 – Which charts are best for time-poor traders, and why…
29:16 – What psychology has to say about scalping after work…
29:47 – What do sex drugs and rock and roll have to do with trading?
30:15 – GOLD chart slide 50
30:20 – Stochastic – slide 51
30:28 – GBP/USD chart slide 52 & 53
30:38 – CCI indicator – slide 54
30:41 – USD/SGD – slide 55
30:49 – USD/SGD – slide 56
31:00 – Awesome Oscillator – slide 57
31:08 – CHF/JPY chart – slide 58
31:15 – CHF/JPY chart – slide 59
31:19 – MACD – slide 60
31:21 – AUD/NOK – slide 61
31:28 – AUD/NOK – slide 62
31:40 – USD/SGD – slide 63
31:49 – USD/SGD – slide 64
31:57 – AUD/NZD – slide 65
32:08 – AUD/NZD – slide 66
32:18 – Why Are These Trades In The Presentation?
32:44 – Statistics on the trades – slide 67
33:20 – Question & Answer Session
35:15 – CHF/JPY chart – slides 58 & 59
37:50 – Which economic events do you pay attention to?
38:36 – Worst days to get into the daily trades?
39:20 – Weekly Candles – When do the wicks form?
40:00 – Automated Trading: The Big Lie
41:28 – What science has to say about expert traders
42:40 – The best advice given to “The Turtles”
46:00 – The one number you must know for your trading
47:00 – Why I am not a “full time” trader
49:15 – The habits of highly successful traders
51:20 – What happens to most trading systems?
51:30 – My process for getting confidence in a trading system
53:30 – How long does it take to verify a trading system?
53:50 – The best place to start if you want to improve your trading system
54:02 – When should you quit your job and go full time?
56:00 – When you know you have made it as a trader
56:45 – Why fibonacci retracement levels don’t matter
57:32 – What’s the deal with Elliott Wave Analysis?
58:08 – The danger in back testing (even in Forex Tester)
58:45 – The funny thing that happens when you trade real money
59:20 – The best psychology experiment of all time
1:00:10 – Why I love the 85% rule…
