Category Archives for Strategy

Is This The Only TECHNICAL INDICATOR You Can Trust?

I’d like to talk about indicators.  To share some of my knowledge of what works and what doesn’t work when trying to time the market in our quest to make money.

Firstly I’d like to say that the vast majority of my best trading strategies do not use indicators at all.  However I will finish off by telling you about the most reliable indicator I have tested and used to date.  And it’s dead simple. Continue reading

Are you struggling to make consistent profits in today's markets? As a thank you for reading this post I would like to offer you my complete downloadable guide to a very successful system I personally trade and profit from. Just click the download button below to discover how the professionals consistently take money from the markets.

Discover Step by Step How I Went From Constant Loser to Consistent Profits – 3 Part Series

PART 1

Learn How 10 weeks Travelling TRANSFORMED my Trading Career (True Story!)

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This is a personal story.  This is how I went from constantly losing money trading to consistent profits.  It’s taken me many years but it’s surprisingly simple.  And over the next few videos I am going to break it down and show you what happened so you can have the same results too.

It all started with buying UK shares.  And I actually got lucky!  I Picked the right company at the right time and banked some profits.  But it was definitely luck!  I had gotten ideas and tips from magazines and friends and they had worked well.  But I wasn’t happy.  I wanted my own ideas, my own trades.

A year or so goes by and I’ve read lots of books.  I became intrigued by Technical Analysis.  I loved looking at price charts and all the indicators and oscillators.  I went through a long period of trying out different setups using these indicators largely on a discretionary basis.   But, you guessed it, nothing worked consistently.  I’d have a few good small profits only to be hit by 1 loser which wiped the profits out!  Know where I’m coming from?

But I never gave up!  Luckily, I had it drilled into me at an early stage of reading books not to risk too much of my account.  So although I lost a lot of trades, I was still in the game!

Then I took a well deserved break.  I up and left to travel across the United States of America.  Crossing about 8 states in 10 weeks.

I done lots of thinking and during the last couple of weeks (I believe I was in Texas at the exact time) I decided to write an email to a trading coach asking for help.  We agreed terms and I planned my flight back home to the UK with a fresh trading head eager to learn.

What he taught me was eye opening and exciting.  Life changing in terms of trading performance.

In the next video I’m going to show you in about 5 minutes what my trading coach taught me in over 5 hours over 5 months!

I’ve simplified and pulled out all the best bits to produce something which might just change your trading life too.  (I’m pretty sure it will!)

I’d love to hear what you have been doing which isn’t quite giving you the results you want yet.  What are you struggling with?  What sort of methods have you been trying?  Please leave a comment on the video.

PART 2

Discover What Transformed my Trading Career FOR EVER! (You can too)

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Today I’m going to reveal what my Trading coach taught me over a period of about 6 months.  But don’t worry, it’s not going to take that long.  I’ve simplified things and its all here in a short video so you can make a transformation too.

In the previous video I told you the true story of how I went from constantly losing until I met my coach who spun things around to get me on the path to consistent profits.  Some of you might resonate with the struggles I was having.  If you haven’t yet watched the video then check it out first above.

You’re probably wondering how what he showed me transformed my trading.  Here’s some of the benefits which work so well and benefits you can enjoy too:

1. CONSISTENCY – I now have a real plan and solid method for each and every trade I make.  I’m not hopping around trying different methods or techniques each week.  I know what works, and I’m following that plan.

2. REDUCED STRESS / EMOTION –  With a solid plan I now know exactly when and where to enter each trade and probably more importantly, where to get out of that trade!  I know which markets to trade and how much money to risk on each trade.  All of these clear, pre defined factors lead to a much less stressful trading experience.

3. INCREASED CONFIDENCE – The methods I now trade are proven to work in the past.  This can be clearly seen from the numbers and track record.  Having the ability to see how well the method has worked in the past allows me to be confident to trade.  No more doubt or hesitation over which trades to take.

4. INCREASED PROFITS! – All of these benefits lead to the most important part which is why we all trade in the first place;  to make money!

Now you’ll have to click on the video above in which I show you the foundations and a great example of these methods I am using.

What you see in the video is just one method I have developed to trade just one market.  There are loads of markets and even more methods.  As you collect more and more methods or strategies and apply them to different markets, you can build a portfolio.  A nice portfolio collection can lead to a very nice increasing equity curve of your trading account.  Which I think you’ll agree, is one of the main goals of trading after all!

If you’re anything like me, you’ll now have the next big question in your mind:  Where do we find these methods or strategies?

I’ve spent years looking for and developing my own strategies and ideas and in the next video I’m going to show you exactly how you can find them too.

Hopefully what I’ve shown you has made sense.  Please leave comments or questions on the video.  Has it made sense?  Is this method of trading something you think can work for you?

PART 3

3 FREE Best Trading Strategy Resources

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In today’s video I reveal some of the best places for you to find profitable trading strategies.

Last time I showed you how my trading profits went from negative to consistently profitable by using a simple method my trading coach taught me.  If you haven’t already watched that video then I suggest you do.  There’s some great eye opening info there.  Watch the above video now.

I have shown you a mechanical trading strategy that I developed.  And I think you will agree, there’s nothing overly complicated about the implementation.  And it really works!  Most of my trading strategies and many of the best ones you can find are quite simple but robust.

Without having to go through the process of developing your own profitable mechanical strategies, can you find some already tradable? Yes.  Here’s where to find them:

1.  BOOKS – To start with I recommend checking out material by Larry Williams,  Larry Connors, and Courtney Smith.  There’s many more out there but I personally have gained a lot from each of these traders and I think you will too.

2.  WEBSITES – Google is you friend for this one.  I’ve found quite a few nice trading strategies over the years on various sites.  One of my favourites is System Trader Success I don’t know the guys running it, I just like what they do.

3. PODCASTS – There are a handful of very good podcasts and I’ve been introduced to lots of interesting traders through them.  My favourites include Better system trader, Chat with traders and Trading story podcast

And good old YOUTUBE – With new content being uploaded all the time I’m sure there are some great strategies to be had from Youtube if you look hard enough.  Youtube isn’t in my top 3 but only because I haven’t really used it for finding strategies myself.

So now you know what makes up a mechanical trading strategy and you’ve seen an example of one that I have developed.  Plus now you have a good idea of where to go find some more suitable for you to trade.

What do you once you have found one?  Here’s what I do:

TEST!

You have the rules to the strategy and probably access to decent free price data.  Now you just have to back test the strategy and see what it’s performance is like.

Or you could take a short cut and just start trading it straight away.  But that’s putting way too much trust in the strategy creator and I certainly wouldn’t be comfortable doing that myself!

In Conclusion –

How You Too Can Become Consistently Profitable

 

If you would like to replicate my trading journey ( but shorten it considerably ) and it’s really pretty simple, then follow these steps:

  • Get a solid trading plan consisting of a Mechanical approach
  • Find ( or create your own ) profitable but also appropriate trading strategies 
  • Back Test the Strategies and make sure they really are profitable!
  • With use of correct Position Sizing trade the Strategies and enjoy the results
  • MONITOR STRATEGIES – Profitable Strategies don’t always work for ever so it’s critical to correctly monitor each one so you’re not trading a loser which drains your account

 

I hope this blog post and video series has been of some value to you.  The information I have shared really can change your trading career for the better.

Please share this post with anyone you think may also find it helpful.  Send the link or share on Social Media.

If you have any further questions then please comment on the videos or email me personally jarrod@thetransparenttrader.com

 

Are you struggling to make consistent profits in today's markets? As a thank you for reading this post I would like to offer you my complete downloadable guide to a very successful system I personally trade and profit from. Just click the download button below to discover how the professionals consistently take money from the markets.

The Truth about Free Trading Strategies + REPORT

I have given away the rules to a very simple trading strategy for use in the Forex markets.  It’s a strategy I have used myself and profited from.  You can find the full PDF report including the rules and trade examples here:  Free Strategy

A viewer of my Youtube channel posted a question about this strategy.  He was interested in it’s recent performance.  So I decided to put together a collection of performance reports when testing 6 of the major FX pairs.

In the video you can see the individual reports and then a collection of the six in a portfolio.

 

 

Are you struggling to make consistent profits in today's markets? As a thank you for reading this post I would like to offer you my complete downloadable guide to a very successful system I personally trade and profit from. Just click the download button below to discover how the professionals consistently take money from the markets.

A Year of Automated Trading – My Experience

In this post I want to share my thoughts and experiences after trading 100% automated strategies throughout 2017. Continue reading

Are you struggling to make consistent profits in today's markets? As a thank you for reading this post I would like to offer you my complete downloadable guide to a very successful system I personally trade and profit from. Just click the download button below to discover how the professionals consistently take money from the markets.

Uncovering the Hidden DANGERS of a Free (or any) Trading Strategy

One of the many wonderful features of Automated Trading/Testing software are the numbers in the performance report.  Understanding even just a little about what some of these numbers mean can save you from ploughing money into what looks like a great trading strategy.

I have created a video to show you a little more about some of the important numbers and the impacts on overall profit.

I found a free trading strategy on the internet.  The rules were well documented and I decided to code and test it for myself.  I always find it extremely interesting to test strategies other people are promoting. Continue reading

Are you struggling to make consistent profits in today's markets? As a thank you for reading this post I would like to offer you my complete downloadable guide to a very successful system I personally trade and profit from. Just click the download button below to discover how the professionals consistently take money from the markets.

Trader’s Journey Into Trade Automation – Part 2 26/5/16

One Month Later…(almost)

 

Last month seems to have flown by.  But I have made some decent progress since writing the first part of my journey into Automated Trading.  It has been a very steep learning curve and there has been lots of small barriers to overcome the whole way.  However I have thoroughly enjoyed every bit of it!

The purpose of this particular blog post is to document the steps I have had to take in order to put Automated back testing and Order execution into place.  If you too are considering this route of trading then hopefully you can benefit from my experience . Continue reading

Are you struggling to make consistent profits in today's markets? As a thank you for reading this post I would like to offer you my complete downloadable guide to a very successful system I personally trade and profit from. Just click the download button below to discover how the professionals consistently take money from the markets.

Trader’s Journey Into Trade Automation – Part 1 28/4/16

 

This week has been the start of a new journey for me and my financial trading.  This week I have began to look deeper into the world of automation.

Up to this point…

 

For nearly 4 years I have taken the route of a rule based trader.  From the time my trading coach first introduced me to the idea of a set of rules for entries, stop losses and exits I have been developing, testing and trading these strategies or systems ever since.  Prior to that, I spent a few years as a more discretionary based trader switching from idea to idea and never having much success Continue reading

Are you struggling to make consistent profits in today's markets? As a thank you for reading this post I would like to offer you my complete downloadable guide to a very successful system I personally trade and profit from. Just click the download button below to discover how the professionals consistently take money from the markets.

My Best Forex Trade 2015

I keep great trading records.  And you probably should too.  It’s something Dr. Alexander Elder drummed into me from very early on in my trading career.  He says something like

“show me a trader with great records and I’ll show you a great trader”

So just after the New Year I sat down to check through my trading records of 2015 with a fine-toothed comb.  It’s very easy to see my trading performance for the year but I also wanted to compare my own records with statements from brokers and work out commissions etc.

A quick sort on the spreadsheets and it’s very easy to see the most profitable trades Continue reading

Are you struggling to make consistent profits in today's markets? As a thank you for reading this post I would like to offer you my complete downloadable guide to a very successful system I personally trade and profit from. Just click the download button below to discover how the professionals consistently take money from the markets.

How to Trade The News Without Even Knowing The News!

I made this short video to show you a real live example of a trade I made on EURUSD.  I traded it according to the rules of a short term system I trade which I’ve recently documented in a PDF guide here.

If you haven’t already read it then I recommend you have a look over it because it might just interest you.

How to Profit from New Announcements

 

For those of you who know me, you will know I’m a technical trader.  I look for trade set ups from price action on the charts.  I don’t follow the news!  On the day before I made this particular trade, I saw a setup.  This was an “inside day”.  I then placed my orders to enter the market if it broke out of it’s narrow range the next day.  I go either long or short, whichever way the market moves.

The market sure did break out!  There was a huge move to the downside Continue reading

Are you struggling to make consistent profits in today's markets? As a thank you for reading this post I would like to offer you my complete downloadable guide to a very successful system I personally trade and profit from. Just click the download button below to discover how the professionals consistently take money from the markets.

How My Trading Career “Spun on a Dime”

From 3 Years of Break-even to Consistent Profits

 

I have been completely fascinated with the Stock Market ever since that very first trade some years ago.  I loved how you could invest an amount of money one day and watch it go up in value the next.  My first trade was a stock and that friend had “tipped”.  I knew nothing about trading and was willing to take the risk and invest into this company.  Besides, my friend knew far more than I did about the markets.  I probably didn’t even know what the company did.  I’ve never cared much for fundamentals.  I’m just interested in whether I’m buying into something that’s going up.

I don’t remember the exact outcome of that particular trade although it probably went something like this:  I bought in, stock price continued to rise for a few days, it hesitated, dropped a slight bit, I got scared and cashed out for a really small profit.  Over the next few weeks and months the stock continued to rise while I watched and kicked myself for all the money “I could’ve made”.  Probably a fairly typical rookie trade.

Over the next 3 years or so I made more trades similar to this one.  Losing a bit and winning a bit.  I managed to get into some great trending stocks which made some quite nice returns Continue reading

Are you struggling to make consistent profits in today's markets? As a thank you for reading this post I would like to offer you my complete downloadable guide to a very successful system I personally trade and profit from. Just click the download button below to discover how the professionals consistently take money from the markets.