facebook  Twitter youtube  blogger

Checklist, Trading Plan, Track Record

Checklist, Trading Plan, Track Record
“ I review my checklist. It’s a handwritten sheet laminated in plastic and taped to the right-hand corner of my desk where I can’t overlook it. If you have a game plan prepared ahead of time, it can help you find courage in the heat of the battle.” - Marty Schwartz Yes, I also have a checklist and I look at it every day. On my checklist you can find reminders like “trade only clear signals, no gue...
Continue reading
1321 Hits
0 Comments

New YouTube Series: Marco's Trading Q&A

New YouTube Series: Marco's Trading Q&A
Hi Trader, now this has been a quite volatile week so far in many markets and I hope you've also been able to capture some nice profits out of these wild moves! Thanks to my trading being almost completely systematic right now I still had a few minutes to record a new video for YouTube and actually start of a new Series. In the first one I explain what a BID/ASK spread is for those of you who're c...
Continue reading
998 Hits
0 Comments

Predicting the Markets

Predicting the Markets
“ Michael Marcus taught me one other thing that is absolutely critical: You have to be willing to make mistakes regularly; there is nothing wrong with it. Michael taught me about making your best judgment , being wrong, making your next best judgment , being wrong, making your third best judgment , and then doubling your money.” – Bruce Kovner This is an immense important quote from Bruce Kovner. ...
Continue reading
Recent Comments
Jean1975
Great post. The ability to follow your plan, make mistakes regularly and execute trade after trade with consistency and disciplin... Read More
Friday, 22 April 2016 12:05
Andy Jordan
Agree with your 2 additional points (and there are probably many, many more) Jean. All this sounds very simple, doesn't it? Until ... Read More
Friday, 22 April 2016 16:09
1056 Hits
2 Comments

Recommended time frames

Recommended time frames
Today, I've received the following question: I assume the Ross Hook (RH) and Traders Trick Entry (TTE) are applicable in whatever time frame the trader uses. However, there are some time frames that are simply too erratic or wild to trade. And pertaining to stop running, there must be some that are favorites of those attempting to do so. So is there a recommended time interval from which to trade,...
Continue reading
975 Hits
0 Comments

Time to sell the JPY?

Time to sell the JPY?
Hi Traders, after a much needed vacation I'm back from the hills where I could hike long enough to get all relaxed and clear headed again! Now back to the markets, when it comes to currencies, everyone is talking about the Yen these days, especially against the USD (USD/JPY). And yes the USD/JPY dropped quite significantly during the last two weeks, but for the Yen this isn't that unusual. Still i...
Continue reading
1087 Hits
0 Comments

Stop Management

Stop Management
Richard Wyckoff wrote: “My stop was moved down so there couldn't be a loss, and soon a slight rally and another break gave me a new stop, which insured a profit, come what might… I strongly advocate this method of profit insuring. The scientific elimination of loss is one of the most important factors in the art, and the operator who fails to properly protect his paper profits will find that many ...
Continue reading
1002 Hits
0 Comments

Minimum Risk Points

Minimum Risk Points
Richard Wyckoff wrote in his book "Studies in tape reading": Successful tape reading requires ability to judge which side has the greatest pulling power and one must have the courage to go with that side. There are critical points which occur in each swing, just as in life of a business or of an individual. At these junctures it seems as though a feather's weight on either side would determine the...
Continue reading
999 Hits
0 Comments

Trading Enhancements – Meditation

Trading Enhancements – Meditation
As a professional trader, I try to enhance my trading on a daily basis. Learning how to trade is an ongoing process - a process that never stops. Those who know me or who have traded with me know that I am always looking for a simple and straightforward approach to trading. Yes, of course I am testing indicators, new chart patterns, new charting techniques, and anything else that is showing up on ...
Continue reading
962 Hits
0 Comments

The more I know, the less I know, and the more I become confused.

The more I know, the less I know, and the more I become confused.
People have the tendency to believe that the accuracy of forecasting the markets increases with more information. This is the illusion of knowledge – that more information increases your knowledge about something and improves your decisions. However, this is not always the case – increased levels of information do not necessarily lead to greater knowledge. There are three reasons for this. First, ...
Continue reading
1031 Hits
0 Comments

Will the EUR/USD finally make it above todays highs?

Will the EUR/USD finally make it above todays highs?
I hope so since thanks to Ambush we're short the USD across the board today. Entry in the Euro FX Future for example was at 1.11825 around the low of the day. 
786 Hits
0 Comments

Trend Following is still not dead: Part I

Trend Following is still not dead: Part I
Just posted a new video on our  youtube channel  about Trend Following. I decided to look into this in depth a few months ago and these are my conclusions from a traders perspective. Enjoy!
1357 Hits
0 Comments

Looking for new futures markets to trade? Alternatives to the TF? Check out Eurex!

Looking for new futures markets to trade? Alternatives to the TF? Check out Eurex!
With the ICE rising their market data fees to $117 per month, many traders are thinking about alternatives to trading the Russell 2000 (TF) for example. Sure, it's just 12 ticks in the TF you might say, but that doesn't make it better...any additional trading costs you can save, you want to save! Regarding the Russell 2000 (TF) you might want to have a look at the EMD traded at Globex. Yes it has ...
Continue reading
Tags:
1049 Hits
0 Comments

Trading from the Beach

Trading from the Beach
Because of the short week ahead of us, I've decided to head for the beach for a few days (until Sunday). Of course, I will take my "trading stuff" with me (Laptop, Smartphone) to watch and manage my open trading positions. When I travel, I usually don't put on any new trades (and I definitely don't day trade or swing trade) but with today's technic it is an easy task to keep an eye on open positio...
Continue reading
1229 Hits
0 Comments

Next in the EUR/USD and new video on why you should ignore my calls

Next in the EUR/USD and new video on why you should ignore my calls
After my last two spot-on calls on the EUR/USD, here's the next one, plus a video on why you shouldn't pay any attention to it: My feeling is that since everyone expects the EUR/USD to correct right now, it won't but will instead move up for another day or two. Again I won't trade on this, actually I'll probably be short again tomorrow... And here's the video why you shouldn't care about any marke...
Continue reading
859 Hits
0 Comments

How do I become flexible in trading?

How do I become flexible in trading?
One mark of a flexible trader is he/she has a carefree attitude when it comes to executing a trade. They don’t allow themselves to get bent out of shape over a trade. They don't sit and think over and over about their strategy. They have done their homework. They’ve developed a sensible trading plan, and when the opportunities present themselves, they pull the trigger on the trade. They don't ques...
Continue reading
1188 Hits
0 Comments

EUR/USD moving towards support area

EUR/USD moving towards support area
This is a quick follow-up to my last post about the strong move we've seen post-ECB last week. As expected the Euro is now pulling back, coming close towards a possible strong support area. So you might want to keep an eye on this market around 1.0975-1.1050 for a short- to medium term bounce. PS: As a systematic trader I won't take a trade based on my opinion and a few lines in a chart. But ...
Continue reading
965 Hits
0 Comments

Draghi Day - EUR/USD To trade or not to trade?

Draghi Day - EUR/USD To trade or not to trade?
Today we had the long awaited ECB press conference and Draghi did his thing by surprising traders with their decisions. This is what happened so far (13:00 NY Time) and as you can see the volatility hasn't been that high for weeks with EUR/USD moving 400 pips intraday.  So what to do on such a day where you can expect higher volatility than usual? Take trades or not? For me it's a no-brainer....
Continue reading
865 Hits
0 Comments

Don't Give Up

Don't Give Up
I received the following email: Hey Joe! I’m ready to give up. When I found out that statistically most traders are losers, I wonder what chance I have of ever making it. You have every chance of making it. You are not everyone else, you are you. Statistics and those who use them may predict, but you alone determine whether you will succeed or fail. You alone are in control; take responsibility fo...
Continue reading
1097 Hits
0 Comments

Stop-Running or What?

Stop-Running or What?
Of course I have watched the ECB Press Conference today at 7:30 AM CT (Thursday 03/10) together with the markets. I did not intend to enter any trades before Draghi had his moment and I was surprised by the strong down move at 6:45 AM CT. In just a couple of minutes the Euro FX went down about $1,600. Stop running or was it because of the ECB announcement of lower interest rates (actually everyone...
Continue reading
921 Hits
0 Comments

Sometimes others get to play and you don’t.

Sometimes others get to play and you don’t.
Sometimes in softball games, as a kid, they handed out the bats and balls and gloves, and there weren’t enough to go around – so you had to sit it out. You had to sit on the bench and watch. The same thing happens in trading. Sometimes you don’t get to participate. You must get used to the idea that sometimes you will sit in front of your charts for days or weeks, and nothing at all will happen. O...
Continue reading
905 Hits
0 Comments

Derivative transactions, including futures, are complex and carry a high degree of risk. They are intended for sophisticated investors and are not suitable for everyone. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results, and all of which can adversely affect actual trading results. For more information, see the Risk Disclosure Statement for Futures and Options.