Diary of a Professional Commodity Trader: Lessons from 21 Weeks of Real Trading 1 ppt

... because both offer a real look at the real lives of smart traders. I accepted this book challenge because John Wiley & Sons and I shared a vision for a book that would be a diary of my real- time ... economic woes of recent years. As professional commodity and forex traders, you have a lot to be proud of. Table I .1 takes a look at the performance of t...

Ngày tải lên: 20/06/2014, 19:20

... that $1, 000 of account assets can control as much as $10 0,000 of a commodity or foreign currency transaction. It also means that a 1 percent primary means for making decisions. I maintained all ... points that I want you to remember as you read Diary of a Professional Commodity Trader are: 1. Consistently profitable commodity trading is not about discovering some...

Ngày tải lên: 20/06/2014, 19:20

... operations are dictated primarily by how risk is managed. Many novice commodity traders assume each trade will be a winner. Professional traders manage their trading to assume that each trade may ... trades at least once each year, it means that I will experience a drawdown of at least 8 percent with certainty, at least on a closed trade basis. A 15 percent drawdown is about...

Ngày tải lên: 20/06/2014, 19:20

... professional trading career was dedicated to advancing a more conservative approach to futures trading. Donchian passed away in the early 19 90s. The Weekend Rule basically states that a market that decisively ... graph of the Australian dollar/Japanese yen (AUD/JPY). Again note the retest that occurred two weeks after the initial pattern completion. As is almost always the ca...

Ngày tải lên: 20/06/2014, 19:20

... for an example.) At a Profit 1. At the target. I normally take profits at the target indicated by the chart pattern used to initially establish a trade. (See Figures 6 .11 and 6 .14 for examples.) 2. ... low of 10 27 yielded a target of 11 12, met on November 12 . Lessons from Trading Gold in 2009 I hate being jerked around in the markets. I hate buying at the top en...

Ngày tải lên: 20/06/2014, 19:20

... 19 83–Feb. 19 84 (18 .2%) 3 July 19 88–Dec. 19 88 (15 .4%) 6 July. 19 84–Oct. 19 84 (12 .9%) 2 Aug. 19 85 (11 .8%) 1 Apr. 19 89 (11 .6%) 1 * The data above represent actual proprietary trading performance. The leverage ... 8.7 Taking a Small Profit in the GBP/USD. Sept. 19 87–Apr. 19 88 (27.2%) 8 July 19 82 (26.3%) 1 Mar. 19 85–June 19 85 ( 21. 1% ) 4 Mar. 2008–May...

Ngày tải lên: 20/06/2014, 19:20

... never look back. March Corn: A Classic Breakaway Gap Signal Type: Major Breakout Signal The vast majority of price gaps are pattern gaps—gaps that occur within a trading range that are covered ... through a series of trading signals. The gold market from January through early April was a great example of a concept I call market redefinition a process where one p...

Ngày tải lên: 20/06/2014, 19:20

... profits was in the “bottom liners” category. Table 11 .1 lists the category of entry signals for March. TABLE 11 .1 March Entry Signals by Category Amended March Trade Entries Signal Category ... market on March 19 when the H&S failure was confirmed. I could have taken the short a day earlier on March 18 . The target of the pattern was 1. 3223. The market failed to rea...

Ngày tải lên: 20/06/2014, 19:20

... in Figure 14 .11 . FIGURE 14 .11 Downside Breakout of Ascending Triangle on the Weekly USD/CAD Chart. I term this as a failure pattern because the natural bias of a right-angled triangle is to break ... (December 2009–May 2 010 ) Factor Trading Plan +7.8% +6.2% Factor Goal of 18 % annual rate of return +1. 5% +9.0% S&P 500 (9.2%) (0.5%) BarclayHedge NewEdge CTA (1...

Ngày tải lên: 20/06/2014, 19:20

... performance evaluation at profit risk management Factor LLC: first big trade proprietary trading record Factor Trading Plan. See also Case studies assumptions of basics of best trading ... as 2 010 opportunity Technical Analysis and Stock Market Profits (Schabacker) Technical Analysis of Stock Market Trends (Magee and Edwards) Technical trading Time fr...

Ngày tải lên: 20/06/2014, 19:20