Selasa, 17 Agustus 2010

"Learning is not a spectator sport" - D.Blocher

I have been asked a number of times by potential students, why they should believe my teaching works. I don't know how others try to do it, but what I do when I teach is fairly structured.

I start by defining one chart for one market using one picture. Range bars and each indicator.

I go over and over the things I want to see in the picture that would persuade me to pull the trigger. I do this first on static charts and then live as the market unfolds. I trade the trade live, explaining all my thought processes as the bars develop in front of us, working out what the order flow is and what "they" are doing. I do a pre-market prep where I envision what the day could look like so that I have a possibility structure to work within. I then evolve this vision as the market confirms it or deviates from it.

I then talk a lot about back testing and collecting statistics so that a trader BELIEVES in his methodology.

When all this is in place, the student begins SIM trading a first Trading Plan that is designed ONLY to enable trade recognition and trade execution to be achieved at a 70% plus win rate. profitability is not addressed at this first stage. Subsequent TPs add techniques that provide the profitability. There are 3 stages and 7 TPs that a student progresses through.

Each week, I get a spreadsheet from traders showing their week's progress. I have reproduced a one below, chosen at random/trader's name withheld:



This enables me to see if there is a problem or issue. Sometimes there is and we have a 1 on one and usually the next week shows a dramatic improvement.

This stuff is not so hard that it can't be learned by most. What is needed is a rigid learning structure that I provide and an enormous amount of work by the student without which they will not succeed. The harder they work, the luckier they get.

Today, the Euro FX future continued to pay the rent.


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