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Trading: As simple as possible, but no simpler - by a real Cityboy

  • #61
  • Aug 31, 2012 5:24pm Aug 31, 2012 5:24pm
Quoting LaurenceDale
Evening all,

Hope everyone is enjoying their weekends.

I've put together a video to discuss a few things

1 - review of what I look for in an entry

2 - review of my trades this month

3 - What I think is going to be huge in September


I dont think I've expressed the entries very well in this one - tbh, the first posts on this thread show it better.

This month's trades have been interesting - Some textbook examples of trades, some the went well, and others that didn't go so well. I think they are worth looking at, because it shows...

Always like watching these vids. Excellent one mate ! Very few people on this forum who are sucessfull traders actually show their live trades. Your one of those few mate. Very helpfull vids, keep em coming !

... song names please !
  • #62
  • Sep 2, 2012 4:24pm Sep 2, 2012 4:24pm
Quoting dan89
Always like watching these vids. Excellent one mate ! Very few people on this forum who are sucessfull traders actually show their live trades. Your one of those few mate. Very helpfull vids, keep em coming !

... song names please !

aha sorry, i keep forgetting to put the song names in them. I think that one is 'Higher than High' by 'At dawn we rage'.

Ah I've got an awesome tune for you - I dont think it's been in a video yet, but I'm enjoying it atm.

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Anyhow - on the trading front - I've been in London all weekend so not been able to produce a video but essentially what I've wanted to see on EURJPY is happening and I'm waiting for a prime time to get in short.

EURUSD is a dirty trade right now because of the event risk.


I've been working on a website. Basically just playing around with free stuff on wordpress and I think I can make something that looks a lot better than what I do on my personal blog.

Eventually I want to put together something like an interactive trading log where I can discuss the positions that I'm looking at, and produce technical reports ect. I'm not going to go all commercial on you - but if I can sell add space to a broker then I will. I'm not going to have any trash google adds.

Anyway, I think I can make something that will look really good - where I can have a homepage I will update with the latest videos and trades I'm in. Then some kind of trade explorer through myfxbook or something.

So yeah, that is what I'm going to be working on for the next couple weeks.

I've also been reading through the Market Wizards series and It's made me think of some very interesting points I want to cover in a video. It's more to do with the trading mentality rather than method, but it's worth looking in to.

Have a good week all.

LD
  • #63
  • Sep 4, 2012 4:35pm Sep 4, 2012 4:35pm
Evening all,

I just published a new video update.

Not too much in the way of trading in this one. Just a bit of market commentry. I like the AUDUSD short. The EURUSD is at a really interesting point atm - looking to get short on that too.

Some interesting observations from Market Wizards - about a key difference between the pros and the retail traders.

I even name the song in the discription - Just for Dan!

Cheers,

LD.

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  • #64
  • Sep 9, 2012 11:42am Sep 9, 2012 11:42am
Hey Laurence

Just back from holiday and now back to work !

Nice video.

Good thoughts on why equity curve. I had always thought that the professional equity curve was smoother due to their clear understanding of risk, money management and trailing profits - unlike people with a jagged equity curve who at the first sign of profit either close or move their stop losses too close to the action.
  • #65
  • Edited 4:18pm Sep 9, 2012 12:41pm | Edited 4:18pm
Quoting Pervaz
Hey Laurence

Just back from holiday and now back to work !

Nice video.

Good thoughts on why equity curve. I had always thought that the professional equity curve was smoother due to their clear understanding of risk, money management and trailing profits - unlike people with a jagged equity curve who at the first sign of profit either close or move their stop losses too close to the action.

Haha excuse my horrible paint drawings - I agree, a professional equity curve should be more consistent - but i doubt they'd be upset with volatility to the upside!
It's more to do with being able to ride a position much longer once it starts moving in your direction.

Trying to type on the iPhone atm, it's pretty awkward so I'll post a full update later this eve.

Regards, LD
  • #66
  • Sep 9, 2012 2:11pm Sep 9, 2012 2:11pm
Great video again Laurence. Really interesting to hear your thoughts on the markets.

Dave.
  • #67
  • Sep 9, 2012 4:21pm Sep 9, 2012 4:21pm
Goodevening all,

I put together another quick update.

Summary:

- Made 0.5% on Friday with USDCAD. Looking to ride it through this week

- USDJPY back to square -1....

- Time to look at long term EUR long positions?


Cheers all,

LD

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  • #68
  • Sep 9, 2012 4:27pm Sep 9, 2012 4:27pm
Also,

Check out the website I've built - Link in sig.

Basically I want to put something up where I can start publishing some real market reports with trading ideas.

Not a signal service as such, but something like dailyfx where they talk about what they are looking at, and comment on news ect.

Obviously no one does this kind of thing for the love - so if anyone knows a broker that would like to get some exclusive advertising space - point them in my direction!
  • #69
  • Sep 10, 2012 1:54pm Sep 10, 2012 1:54pm
Nice and clean site L

No setups for me tonight - perhaps i should include more currencies into the mix

How many currencies do you monitor ?
  • #70
  • Sep 10, 2012 4:04pm Sep 10, 2012 4:04pm
Quoting Pervaz
Nice and clean site L

No setups for me tonight - perhaps i should include more currencies into the mix

How many currencies do you monitor ?
On my Alpari I only have about 20 FX pairs. I do not think it is enough. Since we are looking for 100 pip moves as a minimum, we don't need to worry about the spread so much.

Actually the best trends I have seen in the last couple of years have been on crosses - EURNZD comes to mind first. I remember a couple years ago we had some amazing trends on EURSWE and EURNOK.

The whole trend following thing came from trading commodities, as stocks were all about buying value. I used to trade gold and silver before ETX capital changed their charts. I'd love to get back in on them, but for that I'll need a new broker (or find a charting package with those included).

To be honest, I believe you can trade trends on anything.

Example - The Fidelity Multi Asset Strategic mutual fund.
http://www.trustnet.com/Factsheets/F...e=L9F89&univ=U

They use a trend following system for their equity exposure - A moving average cross using the 6, 12 and 24 MONTH moving averages on stocks.

I found that really interesting.


ETX is the broker I use for executing trades - i think they are amazing at that - however their charts are pretty horrible now. It's a shame because they cover so many markets with really good spreads - no requotes - helpful dealing desk - I could go on....

but their charts make me want to throw my monitor out the window.

To answer your question - I actively watch about 20 FX pairs - although I'm looking to get back in to other markets when I've found a good broker that I trust. I wouldn't trust Alpari with my cash.



PS. I like AUDJPY short tonight.


Regards,

LD
  • #71
  • Sep 12, 2012 4:28am Sep 12, 2012 4:28am
Quoting LaurenceDale
Goodevening all,

I put together another quick update.

Summary:

- Made 0.5% on Friday with USDCAD. Looking to ride it through this week

- USDJPY back to square -1....

- Time to look at long term EUR long positions?


Cheers all,

LD

http://www.youtube.com/watch?v=h6oEUKAQ4IA
Nice video mate, always like watching these - learn something new everytime. A nice simple approach to trading. Although the video is missing something ...... can you guess what that might be

Cheers
Dan
  • #72
  • Sep 13, 2012 8:10am Sep 13, 2012 8:10am
Hey mate,

Great work on the new site, it looks really good. The videos and blog posts are superb, really informative - keep them comin'!

I like the style of trading you promote. Especially for those of us who can't be at the charts all day.

I looked at a style which promotes 'price breaking through' which looks great, but it's a daily scalping style, which needs some serious chart time, and I know that I can't look at charts for too long.

I share your bullish sentiment on GBPJPY, wonder if we'll see price rise above the 200 day MA, and go through and beyond the 127.70 point?

All the best.

PS: I see Chelsea have drawn against my team (Juventus) in the Champions League. Lets see how that goes? :-)

Cheers, Sandro
  • #73
  • Sep 13, 2012 1:31pm Sep 13, 2012 1:31pm
Markets wild this evening... I'm literally stuck to my platform. Need to eat at some point - and when I have, I'm putting up a video.

Hope everyone is taking advantage of the volatility.

Cheers all,

LD
  • #74
  • Sep 13, 2012 1:32pm Sep 13, 2012 1:32pm
Quoting dan89
Nice video mate, always like watching these - learn something new everytime. A nice simple approach to trading. Although the video is missing something ...... can you guess what that might be

Cheers
Dan
Hi Dan

I can see the video (its available on youtube)
  • #75
  • Sep 13, 2012 1:45pm Sep 13, 2012 1:45pm
Quoting Pervaz
Hi Dan

I can see the video (its available on youtube)
Heh - I know what he means. I didn't name the background audio

Exist Strategy - The Flow
ModuleModule - Unconditiona Election
Ghosts of Paraguay - Pray
  • #76
  • Sep 13, 2012 1:49pm Sep 13, 2012 1:49pm
ALSO


http://www.forexfactory.com/news.php?do=news&id=378594


I bloody told them Euro was going back to 1.3

The Euro is done they said.....It'll never see 1.3 again they said....


Today just proves that the fed wants to kill the dollar. Right now, Americans can watch the cents tick up on their gas prices. Literally.
  • #77
  • Sep 13, 2012 2:51pm Sep 13, 2012 2:51pm
Evening all,

I just put together a new trading video update.

in this one, I go over my current positions (lots of them....) and welcome back the return of volatility to the markets.

I also give an economic lesson on why today is bad for most people.

Hope everyone is well.

[Audio]
Meiko - Leave the lights on
Deadmau5 - Aural psynapse


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  • #78
  • Sep 13, 2012 4:12pm Sep 13, 2012 4:12pm
Quoting LaurenceDale
Heh - I know what he means. I didn't name the background audio

Exist Strategy - The Flow
ModuleModule - Unconditiona Election
Ghosts of Paraguay - Pray
  • #79
  • Sep 14, 2012 6:17am Sep 14, 2012 6:17am
I'm trying to write up investment reports, but when I've got this much action in my trading account - not much is getting done!

Going to take some time adjusting my stops tonight to make sure I start locking the gains in.


470 pips - just by following the trend from the daily and weekly.
Attached Image (click to enlarge)
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  • #80
  • Sep 16, 2012 10:35am Sep 16, 2012 10:35am
Afternoon all,

Hope everyone is enjoying their weekend.

I've put together a new video to go over what my trading was like for the end of the week. We were up to about 3.4% of profit on Friday, now currently around the 3% mark - placing the overall acount return at 10% for the 4 month trading period.

10% net profit from 91 trades. 48% win rate. Not amazing, but it is enough for now.

I'm going to start introducing a new trading strategy to work along side my existing method. It's going to be a simplified version of the original Turtle Trading Method. There have been tons of threads and EA's about the Turtle Method - but I'm going to make some slight modifications and get it working alongside my existing trades.

Hope everyone is enjoying the weekend,

LD.

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