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My Trading Strategy:
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Home Resources
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The following are
resources (free and paid) that I use myself and have found to be of high value,
or which have come highly recommended to me by people I trust. You won't find the usual internet 'hype'. Of course, just because I like them doesn't mean
they're right for you. Please conduct a full due diligence investigation to be
sure these products meet your needs, before considering their use.
And be sure
to first read my
Disclaimer page, as (1) I cannot guarantee the applicability of these sites
to your needs (obviously), and (2) I may receive a referral commission for some
of the products or courses listed on this site, if you decide to purchase their
product or service. There's more info on the disclaimer page, but also feel free
to contact me if you have any questions.
Prerequisite Beginner Education
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FX Street - Learning Center |
- Absolutely brilliant resource
for learning to trade.
- While it does contain
significant forex material, much of the information is relevant
to trading in general. Just skip the forex-specific parts if
you're interested in other markets.
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BabyPips -
School |
- Excellent FREE forex education -
work through all the lessons in the
LHS menu.
- While its primary focus is forex, much of the information is relevant
to trading in general. Just skip the forex-specific parts if
you're interested in other markets.
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YTC Trading Education
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YTC Price Action Trader
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- 6 Volume E-Book Series outlining
the trading strategy which I used on a daily basis, up until
mid-2010 (from then I've traded the YTC Scalper variant).
- 590 pages of quality trading
education.
- Including 377 charts and
diagrams.
- The YTC Price Action Trader
provides a discretionary approach to trading the forex, FX
futures and emini futures markets on short intra-day timeframes
(demonstrated on the 3 min trading timeframe). Information is
provided on adapting this to other markets and timeframes, if
you so desire.
- A quick overview of the
contents:
- Volume One - Introduction
- Volume Two - Markets and Market
Analysis
- Volume Three - Trading Strategy
- Volume Four - Your Trading
Business
- Volume Five - Trader Development
- Volume Six - Conclusion
- To see a full table of contents
and get more information... click here:
YTC Price Action Trader
- Sample pages:
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YTC Scalper
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- If you enjoyed the
YTC Price Action Trader, and wish to explore the application
of this strategy on lower scalping timeframes... this
supplementary ebook will demonstrate the way that I did it.
- Higher Timeframe: 5 minute
- Trading Timeframe: 1 minute
- Lower Timeframe: 1 range
- Please Note:
YTC Price Action Trader is a prerequisite... without it
you'll be missing some key components, in particular the theory
of markets and methods of market analysis. Please read it first!
- For more information on YTC
Scalper, including sample pages, go here:
YTC Scalper
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Alternate Trading Courses or Education
(For those looking for something different to the YTC Trading Courses, described above)
The only education I've completed that I am comfortable recommending:
Recommended by others who's opinion I
trust:
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TzarCorp |
- I've been a big fan of both
these traders for a few years - Davin Clarke and Alexander
Tzavaras. And in 2010 they joined forces to launch a new trading
program. Highly recommended.
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http://www.tzarcorp.com/
- Be sure to watch the free
trading video.
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LBR Group |
- Learn from one of Jack
Schwager's Market Wizards - Linda Bradford Raschke (also
check out Linda Raschke's book,
Street Smarts)
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Wyckoff / Volume Spread Analysis |
- Although I don't trade pure
Wyckoff / VSA methodology, the principles underlying my strategy
can very much be seen within the Wyckoff and VSA material.
- I recommend studying anything
and everything you can find on Wyckoff and VSA. Some great
starting points:
- Please note: I have not used the
TradeGuider software or joined the VSA Club - recommendations
here are based solely on the high quality of their other
material and their Best of Wyckoff seminars. Conduct your full
due diligence checks.
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Business Management
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Trading Journal
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Trading
Journal Spreadsheets
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for Stocks, Forex, E-mini
Futures, Options, Spread Betting or CFDs
- This is the best value for money
spreadsheet log I've found on the internet. This is the one I use and recommend.
- It tracks multiple performance
categories, and allows for multiple Entry/Exits.
- It's feature packed and comes with great
support from the creator (who is also a trader).
- It's a must-see, especially if your not
currently tracking your trading performance.
- If
you want to see what it looks like, there are some screenshots and
slideshows on the
Trading
Journal Spreadsheets
website.
- It's also the spreadsheet that I used while
filming this video - check it out here -
"Trading Journal - What is the Minimum Data You MUST Record."
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Economic Calendar |
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Forex Tester |
- Market replay and testing
software for forex traders.
- From the website:
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The Forex
Tester is a specialized software designed exclusively for
accurately simulating Forex trading. It is the best tool
for quickly improving your trading skills, testing out new
strategies and developing confidence without risking any
real money.
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The Tester
has over 10 years of historical data that you can use to
test any strategy. Depending on the time frame selected,
you can simulate trading years of data in just a few hours.
It is a free standing separate program that comes with its
own extensive selection of indicators including Moving
Averages, Bollinger Bands, MACDs, Pivot Points,
Parabolic-SAR, RSI, Stochastic, Keltner Channels, Heiken
Ashi candles, and many more. Choose from 18 different
currencies to test, including gold and silver.
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It is also a
very effective and powerful tool for testing out your
automated strategy. The results are accurate and can be
trusted to be a viable set of statistics that can give you
the information you need to determine if your strategy is
robust.
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| What Trading Tools Do I Use? |
Charting & Trade Execution:
Trading Journal Spreadsheet:
Trading Logs:
Biofeedback:
Clock / Alarm / Timer:
Screen Capture and Image Editing:
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Trading Psychology
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High Performance Group - by Steve Ward
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For details of the next TraderMind webinar series, see here:
TraderMind Trading Performance and Psychology Program
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For some great trading psych content, sign up for the free monthly trading performance and psychology
podcast on the HOME page. And also go to the RESOURCES page for some
great article, video and podcast content!
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And be sure to see Amazon for Steve's book,
"High Performance Trading", including reader reviews.
(That's me by the way... not Steve! :-)
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Denise
Shull - Trader Psyches |
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Trader Psyches blog, by Denise Shull
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This is an exceptional trading blog. Unfortunately it's only updated
infrequently, but it's well worth reading every time.
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My Ebooks
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YTC Price Action Trader |
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YTC Scalper |
- YTC Scalper
- Please Note:
YTC Price Action Trader is a prerequisite... without it
you'll be missing some key components, in particular the theory
of markets and methods of market analysis. Please read it first!
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YTC Free Ebooks |
- Trader's Checklist - Steps to Trading Success
- The Greatest Trading Book - Ever!
- The Importance of Exit Strategy
- How to Conduct an Effective Trading Session Review
- Poster - Common Candlestick Charting Patterns
- Candlestick Charting Quick Reference Guide
- Blog Posts - 1 to 100
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Other Recommended Ebooks
Recommended Hardcopy Books
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YourTradingCoach Bookstore
The only hardcopy books I currently
recommend
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- Street Smart - by Linda Raschke and
Laurence Conners
- The Disciplined Trader - by Mark
Douglas
- Trading In The Zone - by Mark
Douglas
- Trading For A Living - by Alexander
Elder
- Come Into My Trading Room - by
Alexander Elder
- Entries and Exits - by Alexander
Elder
- Trading Is A Business - by Joe Ross
- Trading The Ross Hook - by Joe Ross
- Enhancing Trader Performance - by
Brett Steenbarger
- The Psychology of Trading - by Brett
Steenbarger
- The Trading Game: Playing By The
Numbers To Make Millions - by Ryan Jones
- Day Trading The Currency Market - by
Kathy Lien
- Japanese Candlestick Charting
Techniques - by Steve Nison
- Trade Your Way To Financial Freedom
- by Van K. Tharp
- Dave Landry on Swing Trading - by
Dave Landry
- Long-Term Secrets to Short-Term
Trading - by Larry Williams
- Trading to Win: The Psychology of
Mastering the Markets - by Ari Kiev
- The Investor's Quotient: The
Psychology of Successful Investing in Commodities and Stocks - by
Jake Bernstein
- The Way of the Warrior Trader - by
Richard McCall
- Techniques of Tape Reading - by
Vadym Graifer
- Mastering Futures
Trading - by Bo Yoder
- Optimize your
Trading Edge - by Bo Yoder
- Mind over Markets -
by James F. Dalton, Eric T. Jones & Robert B. Dalton
- The Talent Code -
by Daniel Coyle
- 10-Minute Toughness
- by Jason Selk
- One Good Trade - by
Mike Bellafiore
- High Performance Trading - by Steve Ward
See all these books via Amazon:
YourTradingCoach Bookstore
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Recommended Website Content
Informed Trades
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- The Free Trading Courses page is a MUST see.
Contains tons of great material!
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TradingEducators |
- Joe Ross
- Great price action analysis - make sure you get the free
download of "The Law of Charts"
- His books are great - I have not
reviewed the live mentoring though.
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Recommended Blogs
These are the ones I read daily:
Something for my fellow Aussies...
Australian
Technical Analysts Association
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- If you live in Australia and
wish to learn or improve your technical analysis, this is an
organisation which meets monthly in 9 locations across the
country - Adelaide, Brisbane, Canberra, Melbourne, Newcastle,
Perth, Sunshine Coast, Sydney and Toowoomba.
- Membership benefits (in addition
to the meetings) includes access to the ATAA web resources and
document library, free access to INO TV audio and videos, access
to a VHS and DVD trading video library with several
hundred educational videos, an annual conference, and ATAA
members are also eligible to enroll in IFTA's education program,
which provides two an internationally recognised qualifications
in technical analysis.
- Full details
are available at
http://ataa.com.au
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Video
Audio / Podcasts / Radio
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Trader
Interviews
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Christian Financial Radio
Network (CFRN)
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"Prosperity for God's People". A 2005
People's Choice Award winner, is now heard in over 20 countries
every trading day from 9:00am - 11:30pm Eastern. Our host DeWayne
Reeves, CEO of Christian Traders and CT Global Media, is also the
founder of New Hope Orphanage and school in Kampala, Uganda, East
Africa. New Hope is home to over 800 aids orphans. Tune in as he
trades the S&P emini live in real time with a daily goal of 2 points
or a 20 % ROI during each 2 hour broadcast.
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Risk and Money Management
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(Feel free to recommend something) |
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Trader
- Performance
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Biofeedback
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I currently use the following tool to ensure maintenance of an ideal trading
state:
emWave2 biofeedback device
My emWave2:
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Breathing, Tai Chi, Qigong
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Breathing exercises are an essential part of my trading routines for
establishing an ideal trading state and for maintaining that state.
I've also used Tai Chi for many years for relaxation, and as a form of
moving meditation. Although in the last two years I've become much more
fond of Qigong for this purpose.
There are several different styles of tai chi and it's important to
ensure that any products you buy are related to your style. But for
those who have a general interest in internal health through martial
arts such as Tai Chi and Qigong, the following are two sites I've found
which provide exceptional quality.
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More coming soon...
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Trader - Personal Development
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Speed Reading
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Back in the early to mid 90's I read a book which proved to be one of
the most valuable books I've ever read. The book provided an
introduction to the topic of speed reading; providing structured
approaches to effectively skimming and scanning a book before reading,
and exercises to increase reading speed while still maintaining
comprehension through overcoming some of the common faults such as
subvocalisation and regression.
I'm certainly not an expert but the end result of using these techniques
is the fact that I have read over a hundred trading or trading-related
books since this time.
I don't have the book any more. It's not important which one it was.
There are many at Amazon if you're interested.
But recently I've been introduced to two online tools which allow
practice and development of skill in this field. Spend five to ten
minutes a day on either of these sites and I expect you'll find great
benefit.
Thanks to
http://www.garynorth.com/ for alerting me to these links! :)
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More coming soon...
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Discover the YTC Price Action Trader:
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Learn How I Trade:
My Trading Strategy:
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