Tuesday

Friday

Live Trading Room: the last 5 days

All of the trades shown below were broadcast real-time in the live trading room.  The last five days performed well above the typical win rate; however streaks are a good reminder of why as a trader you keep turning up.


20171123 click on image to enlarge

Sunday

Trades from the Live Trading Room: 25–28 September

Four day week due to a public holiday Friday however over the four days, there were numerous trade opportunities which allowed for tight risk permitting sizing up of trades. Overall, another profitable week in the room.

Go to the Live Trading Room for access details

Click on images to enlarge...

20180928 Thursday

Wednesday

Intraday trading: what it looks like

The chart below reiterates the main aspects of intraday trading:
  1. I lose pretty much as often as I win
  2. Some of my trades deviate from my own rules, self discipline is a constant work in progress
  3. I keep my losses tight and where I can, look to make a little more on the winners

Blue triangles facing east = initiate long
Blue triangles facing west = cover long
Fuchsia triangles facing east = initiate short
Fuchsia triangles facing west = cover short

Click on chart to enlarge

Saturday

Common Trap

Observing the image below, it would be easy to enter short based on:
1. Overall direction is down
2. New buyers have entered the market who will need to cover if price rolls over
3. Evidence buyers can no longer push price higher at prices where sellers previously took control

Click on image to enlarge

Wednesday

Role of the Trader: taking the other side of emotion fuelled price movement

As a discretionary intraday trader, my role is to provide liquidity to traders on the wrong side of emotion fuelled price movement.
To understand this further, a legitimate knowledge of how markets operate is needed.

Market Mechanics:
  1. The market is an ongoing auction facilitating price agreement between buyers and sellers.
  2. At any specific moment in time, there is a fixed number of buyers and sellers.
  3. Movement in price engages auction participants, momentarily creating imbalances in supply and demand.
  4. Auction continuity is maintained by recycling traders. Forced out of their positions, traders rejoin the auction creating the fuel necessary to ensure continual ticking-over of prices.

Summary
Traders on the wrong side of price movement find themselves competing for queue position as price moves rapidly to absorb the influx of exit orders. It is during these moments that as a trader, I can serve trapped traders by providing them liquidity.