Utilizing Elliott Waves to Deal with Market Neurosis
Do you feel like screaming when your stop gets hit and then the market runs in your favor, especially for a really nice run?
You picked the move right, but it’s almost like the markets knew where your stop was, moved just enough to hit your stop, and then decided to leave you out of the profits?
I know how you feel. I’ve had my share of days when I lost my voice too.
The markets can seem pretty neurotic.
This is where Elliott Waves can help you understand this neurosis, save you a lot of grief, and help you capitalize on market behavior instead of smashing yet another keyboard.
You see, R.N. Elliott did a considerable amount of research into market behavior and identified a very common behavior pattern than explains the different ‘moods’ of the market that are being shown to you.
When you understand what’s going on in the ‘mind of the markets’, you can take advantage of the seemingly erradic behavior instead of being frustrated by it.
Now you’ve probably heard of the Elliott Waves before, but if you’re experiencing the frustration mentioned above, then either you haven’t taken a close enough look before or you’ve kind of forgotten about it.
Either way, if you are not utilizing this tool, then you are really missing out on a serious tremendous competitive advantage.
That’s why I asked Sam Perdue, an Elliott Wave expert and Trading Coach to do a live 1-hour webinar with me this Wednesday night - at no charge.
Right now real quick, go to the Trader Intensive site and register for Sam’s presentation,
Register for Elliott Waves here
Have a great weekend!
Cheers
Brian
P.P.S. Good news for you: there are several weekly live webinars available to you at the Trader Intensive site - all at no charge and on a variety of trading topics. More are being added regularly, so swing by there and register for whichever ones are of interest to you.
I have a couple more that I’ll be adding over the next 24 hours, so definitely come on by!
Gartley Pattern Webinar With Derek Frey Recording Now Available
Filed under: Day Trading Forex Currency, forex, trader training
Brian here and I apologise for this taking so long, but…
I can finally say that the recording of Derek’s Gartley Pattern webinar is available for viewing. You can purchase access to the video using the link below.
I’ve had quite a few people sending me emails asking when it would be ready and it now is. I’ve also received numerous comments on what an excellent presentation it was: “very informative”, “I got a lot out of it”, “very helpful”, etc. etc.
There are other live webinars coming over the next several weeks on a variety of trading topics, and you can attend any of them for no charge. Just go to www.traderintensive.com and register for whichever ones are of interest to you.
If you haven’t already, make sure to attend our webinar this Tuesday on “How to Gain Your Independence As A Trader”. You can register for it here
https://www2.gotomeeting.com/register/430660666
Cheers
Brian
Forex Opportunity - Gain Your Independence! (Live Webinar)
Filed under: Day Trading Forex Currency, Trading Strategy, forex, trader training
The one thing that most trader DON’T have is true independence as a trader.
They are dependent on a trading system created by someone else - and that stinks because when the markets go through their inevitable changes, most are left helpless and wondering what to do.
If you are tired of being in that position or if you’ve already given up on that route and chosen to go it completely alone, but finding tough to make the kind of consistent profits you want, then you definitely want to attend the live webinar that I’m hosting on Tuesday with 2 professional traders.
We’ll be discussing the process to gain your independence, looking at the steps you should take and the questions you should be asking yourself along the way.
There is no cost to attend and no list to subscribe to, just register with GoToWebinar, the service I’m using to host this.
https://www2.gotomeeting.com/register/430660666
Attending this webinar will prove to be a significant step in your development into a truly independent trader!
Have a great weekend!
Cheers
Brian
Forex Opportunity - Have You Noticed THIS In The Trading Competitions?
There’s one thing I’ve noticed about the trading competitions that have been going on recently and it’s something that really surprised me.
I first noticed it with the competition that was held back in December where 596 traders competed and the top six trading systems all had one thing in common (besides outperforming the other 590).
These not only were very profitable, they were the best out of nearly 600.
I’ve checked on some other recent competitions and seen this same common denominator in these too.
What really grabbed my attention is that out of so many traders, who have no real restrictions except that they have to document what they did and their results
is that they almost all seemed to be using systems based on the same method:
Swing trading
Of course swing trading has been around for quite a while, and for good reason: it has been time-tested over decades to WORK.
Now of course, these traders weren’t using just plain-jane vanilla swing trading. They had made slight changes to it to make it their own version.
What’s in this for you.
A good friend of mine and colleague has been swing-trading for years using an alternative method that he developed and like those in the competitions, he’s found it to be very reliable even as the market climate changes.
But there is a MAJOR difference between Bob’s method and those in the competitions… You see Bob didn’t just have his method work well for a month or two.
His has been working very well for years.
If you’d like to discover his alternative method and see how it came together, then you can do so at no cost by attending a webinar this Wednesday evening.
I asked him to share his “Alternative Swing-Trading” method along with his other favorite, which he calls “Pivo-nacci”. It’s a double header where you can see two methods that work in the real world.
Go here to register,
Two Methods That Work In The Real World
Again, there’s no charge for this webinar, so it would definitely be worth your while to attend.
See you there!
Cheers
Brian
P.S. When it comes to the business of trading, why try to re-invent the wheel? Use what has already been proven to work and MAKE YOUR LIFE EASY!
Two Methods That Work In The Real World
It’s one of the great things about trading!
How to Trade Forex Successfully - Important Versus Urgent
On of my favorite lessons from Stephen Covey, the author of “The 7 Habits of Highly Successful People” was distinguishing between matters that are important and those that are ‘urgent’.
His lesson with this is that all too often we as humans tend to focus our time and energies on those things that are filled with apparent urgency, while neglecting many things that are important, but don’t seem as urgent.
As a result, we find many important items, things we know we should be doing, left by the wayside. A few examples would include:
- Properly documenting your system
- Backtesting and analyzing metrics to ensure that the system you’re using is really the best one to use right now.
- Journaling your trades
- Honing your skills in this business of trading
- Getting your trading business properly organized
These are usually put off, because we have more apparently urgent things that scream for our attention.
- Jumping into a trade marginally planned because we feel the pressure to make money
- Pouring over the charts looking for another trade because we need to recoup our losses from the last one
- Playing with our system because we ‘know’ we can outsmart the markets (instead of practicing to master the system already in place)
- Focusing solely on trading, instead of working on how to make our current trading more effective and efficient
We focus on the ‘urgent’ things because we feel we don’t have time to tend to the important but not urgent matters.
In his book, he uses the example of the far and the rocks, sand and water. The rocks are the imporant things, like developing yourself and spending more time with your family.
When we fill the jar first with sand and water (the little things), then there isn’t enough room for the rocks, but when the rocks are put in first, then the sand and lastly the water, everything can fit into the jar.
Make sure to more the things you know are important to the top of the priority list, and keep in mind that many ‘urgent’ matters often only appear urgent. The important matters can be tended to first with greater reward both short and long term.
Have a great weekend!
Cheers
Brian