Category Archives: Trading Goals

My Resource Box, July 14, 2014

Resource Box

Want to learn more about what I do to help traders to move from the group of 95% of losing traders into the 5% elite of consistent traders? Read  below…

Market professionals are not smarter individuals…

They just know how to take advantage of widespread weaknesses, i.e. how the crowds creates their own demise through the emotional response of greed and fear of losing opportunities.

If market professional do it, you can do it. The difference? Just knowledge that you can acquire relatively quickly…

The key? It is simply to look at and read the markets not using functions of price, i.e. indicators and traditional technical analysis, but using functions of psychology.

What does that mean?

I have touched and explained this important point recently in my Webinar: “The Bandwagon Theory Illustrated in Modern Markets” presented on FXStreet.com.

To get started with the material browse my blog at www.fibstalker.com.

You will find tenths of articles, over 500 video analysis and educational videos, in over 600 posts!

You can start your discovery by reading and watching some of the material I have selected for you and linked below:

With over 14 years of trading experience, harsh lessons learned from Mr. Market and working with mentors and successful traders, I have enriched my trading methodologies and understanding of the market and how modern algorithms have an effect on price.
Such effect can be used to create a very effective edge, and that’s what I do in my trading.

Sent me an email at fibstalker@gmail.com for more information.

To your success!

Giuseppe Basile, CMT, B.Sc. Eng., MA.Fin,
SIAT/IFTA associate, Researcher and Trading Mentor
FXStreet.com Contributor and Toronto Forex Meetup leade

Fibstalker_face_picture
Giuseppe Basile, ~FibStalker

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Filed under Education, Resources, Trading Goals, Trading Method, Trading Plan, Trading Psychology, Webinar

My Resource Box, July 7, 2014

Resource Box

Want to learn more about what I do to help traders to move from the group of 95% of losing traders into the 5% elite of consistent traders? Read  below…

Market professionals are not smarter individuals…

Their advantage resides in the knowledge of how to take advantage of widespread weaknesses, i.e. how the trading crowds creates their own demise through the emotional response of greed and fear of losing opportunities.

I have touched and explained this point recently in my recent Webinar: “The Bandwagon Theory Illustrated in Modern Markets” presented on FXStreet.com.

To get started with the material browse my blog at www.fibstalker.com.

You will find tenths of articles, over 500 video analysis and educational videos, in over 600 posts!

You can start your discovery by reading and watching some of the material I have selected for you and linked below:

With over 14 years of trading experience, harsh lessons learned from Mr. Market and working with mentors and successful traders, I have enriched my trading methodologies and knowledge and I can say I have seen a lot.

To your success!

Giuseppe Basile, CMT, B.Sc. Eng., MA.Fin,
SIAT/IFTA associate, Researcher and Trading Mentor
FXStreet.com Contributor and Toronto Forex Meetup leader

Fibstalker_face_picture
Giuseppe Basile, ~FibStalker

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Filed under Education, Resources, Trading Goals, Trading Method, Trading Plan, Trading Psychology, Webinar

EDUCATION – Featured Guest Interviews at Dale Pinkert’s FXStreet LAR Room, January 3rd 2014 Update

Hello all,

I am honored and happy to have been the first trader to be interviewed by Dale Pinkert’s at the FXStreet.com LAR (Live Analysis Room) on June 3rd, 2013. This morning January 3rd, 2014 Dale invited me again at the FXStreet.com LAR (video).

Dale Pinkert is a trader with almost 40 years of experience who got his start in the trading business as a runner on the floor of the CME in 1975. Dale has great insights about the markets and leads a free room where he teaches trader. He is a former Member of the Chicago Mercantile Exchange (IOM Division), his market forecasts have been aired on major Financial Television and Radio station including CNBC. He went on to establish and operate Pinkert Commodities. Dale has been presenting his outlooks and teaching his methods on FXstreet.com for 4 years and has mentored both retail and prop traders. His trading motto is “If you don’t learn how to change your mind you won’t have any change left” from W.D. Gann.

I highly respect Dale who is a great person willing and working hard to help people on their trading journey. Dale’s Live Analysis Room is free of charge and it features great content, a few outstanding guests, interviews,  real-time market analysis and attendees active participation. You can access the room here.

After the initial interview that opened the doors of a very successful online initiative oriented to helping beginning, intermediate and expert traders analyzing the markets several more interviews have followed on June 10th, June 17th, August 6th, November 7th, 2013 and the latest on January 3rd, 2014

If what I do interests you, I suggest you watch the recorded interviews (see below) where I give details about my methods, successfully apply them to analysis of Forex majors and indices and share what Dale calls “pearls” of wisdom, as well as, market dynamics and understanding of market direction. I do this by applying methods that allow me to spot Algorithmic Trading footprints.

The five recorded interviews offer insights on the Euro and S&P500, including:

  • the way I analyze markets
  • how program trading acts on the weekly, daily and shorter timeframes and what to expect next
  • high frequency trading and how we can avoid it
  • the key concepts of successful trading and… more.

Hereunder are the links:

Notice that price projections in my method are not from/to random levels and do not follow Elliot Wave, DiNapoli levels or other methods, but rather a proprietary method based on modeling effects of Program and Algorithmic Trading on price.

My method helps “level plain” the trading game showing what banks, institutions and big hedge funds are actually doing (and not what they are saying they are doing). Follow me to learn how to spot the Algorithmic Trading footprints.

I send a free Newsletter in the weekend and provide updates throughout the week. The newsletter typically includes 3 video reviews for (1) EUR/USD, Dollar Index, S&P500 emini and Gold emini; (2) the Japanese Yen majors, i.e. USD/JPY, EUR/JPY and GBP/JPY; (3) the other majors: GBP/USD, AUD/USD, USD/CAD. Please, register here to receive the free weekly newsletter.

If you like this article, please share it with your friends and fellow traders (use the buttons below the article). Thank you!

If you want to receive such videos, please subscribe my free newsletter.

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Filed under Education, Event/Webinar, Forex, Futures, High Frequency Trading, Program Trading, Trading Goals, Trading Method, Trading Plan, Trading Psychology

EDUCATION – Featured Guest Interviews at Dale Pinkert’s FXStreet LAR Room, December 14th update

Hello all,

I am honored and happy to have been the first trader to be interviewed by Dale Pinkert’s at the FXStreet.com LAR (Live Analysis Room) on June 3rd, 2013.

Dale Pinkert is a trader with almost 40 years of experience who got his start in the trading business as a runner on the floor of the CME in 1975. Dale has great insights about the markets and leads a free room where he teaches trader. He is a former Member of the Chicago Mercantile Exchange (IOM Division), his market forecasts have been aired on major Financial Television and Radio station including CNBC. He went on to establish and operate Pinkert Commodities. Dale has been presenting his outlooks and teaching his methods on FXstreet.com for 4 years and has mentored both retail and prop traders. His trading motto is “If you don’t learn how to change your mind you won’t have any change left” from W.D. Gann.

I highly respect Dale who is a great person willing and working hard to help people on their trading journey. Dale’s Live Analysis Room is free of charge and it features great content, a few outstanding guests, interviews,  real-time market analysis and attendees active participation. You can access the room here.

After the initial interview that opened the doors of a very successful online initiative oriented to helping beginning, intermediate and expert traders analyzing the markets several more interviews have followed on June 10th, June 17th, August 6th and November 7th.

Two more interviews are now scheduled for Friday December 27th, 2013 and Friday January 3rd, 2013. Save the dates! Interviews go from 30 to 50mins and are live at 16:10 – 17:00 GMT (11–12 EST). If you are not able to attend come back to my blog and I will provide you with the recordings.

If what I do interests you, I suggest you watch the recorded interviews (see below) where I give details about my methods, successfully apply them to analysis of Forex majors and indices and share what Dale calls “pearls” of wisdom, as well as, market dynamics and understanding of market direction. I do this by applying methods that allow me to spot Algorithmic Trading footprints.

The five recorded interviews offer insights on the Euro and S&P500, including:

  • the way I analyze markets
  • how program trading acts on the weekly, daily and shorter timeframes and what to expect next
  • high frequency trading and how we can avoid it
  • the key concepts of successful trading and… more.

Hereunder are the links:

Notice that price projections in my method are not from/to random levels and do not follow Elliot Wave, DiNapoli levels or other methods, but rather a proprietary method based on modeling effects of Program and Algorithmic Trading on price.

My method helps “level plain” the trading game showing what banks, institutions and big hedge funds are actually doing (and not what they are saying they are doing). Follow me to learn how to spot the Algorithmic Trading footprints.

I send a free Newsletter in the weekend and provide updates throughout the week. The newsletter typically includes 3 video reviews for (1) EUR/USD, Dollar Index, S&P500 emini and Gold emini; (2) the Japanese Yen majors, i.e. USD/JPY, EUR/JPY and GBP/JPY; (3) the other majors: GBP/USD, AUD/USD, USD/CAD. Please, register here to receive the free weekly newsletter.

If you like this article, please share it with your friends and fellow traders (use the buttons below the article). Thank you!

If you want to receive such videos, please subscribe my free newsletter.

Leave a comment

Filed under Education, Event/Webinar, Forex, Futures, High Frequency Trading, Program Trading, Trading Goals, Trading Method, Trading Plan, Trading Psychology

EDUCATION – Featured Guest Interviews at Dale Pinkert’s FX LAR Room

Hello all,

please find in this post the links to Dale Pinkert’s FX Room interviews on June 3rd, 10th and June 17th, where I was featured guest speaker.
My friend Dale Pinkert invited me to a featured guest speak at his room. Dale is a trader with almost 40 years of experience who got his start in the trading business as a runner on the floor of the CME in 1975. Dale has great insights about the market and has created a free room where he teaches trader. I highly respect Dale who is a great and good person willing to help people on their trading journey.

Dale’s Live Analysis Room is free of charge and it features great content, a few outstanding guests, interviews and real-time market analysis. You can access the room here:

The recorded interviews offer insights on the Euro and S&P500, the way I analyze markets, program trading and high frequency trading and what to expect next. Here are the links:

Leave a comment

Filed under Education, Event/Webinar, Forex, Futures, High Frequency Trading, Program Trading, Trading Goals, Trading Method, Trading Plan, Trading Psychology

A trader’s best strategy, what do you think? – June 29th 2013

Good morning all,

I recently received an email from a reader M.K. with relation to his best trading strategy. Hereunder is the body of the email I have received, in relation to his/her methodology:

“My best trading strategy…

intraday
1. prv.close less than prv.range – weak, else strong
2. weak stock: open less than close it is very weak, else very strong
3. strong stock: open greater than close it is very strong
4 chart observations to follow:
a) watch for higher low’s for buying
b) watch for lower high’s for selling

very weak buy above average of (yday close and today open)

very strong sell below average of yday close and today open”

Hereunder are some comments I have provided:

1. I like the fact you don’t use the indicators and you have a simple plan

Please think about the following:
2. you are looking only at the previous bar. In my opinion, this is too short sighted. It is important to look at what is happening in the larger timeframe as well. What is price doing in the weekly timeframe? What if you have a closer area of strong or confirmed support or resistance in the daily timeframe ? What if price is in a sequence of moves up or down on a timeframe larger than 1 day?
3. Define what a weak stock is. Less than close: how much is that 0.2%, 0.5%, 1%?
4. Define what a strong stock is. Greater than close: how much is that 0.2%, 0.5%, 1%?
5. Chart observations: are simple and well defined
6. Again what very weak means, how much? Can you provide a measure?
7. What very strong sell means, how much? Can you provide a measure?
8. Unfortunately as it is defined at this stage the method cannot be replicated and its effectiveness, reliability and expectancy cannot be measured. But it can surely be improved in this area.
9. It’s a good starting point and you will probably need to add more details and make the method replicable and measurable.

10. Moreover, what is your risk? Where do you exactly enter? Where is your stop? Where will you take partial profits? Where you will exit the full position?

11. Do you have an entry technique, do you filter your entries if so how?

12. What is your risk? How do you define your 1R? Is that 0.5%, 1% or 5% of your account?

13. What are your trading goals? Do you have written objectives? Do you have the psychology in place to follow your strategy?

What is your take? Please answer below or let me know it on Twitter.

Thank you.

If you want to follow my trades, please check the updates I sent by email to my (free) Newsletter subscribers from Sunday to Thursday.

If you want to have  access to trading plans, get updates and information on setups (before they happen) for the Euro-Dollar cross and the S&P500 index please subscribe my newsletter. It’s free and you get additional content like market commentaries, setups, e-books, articles on HFT and program trading, learning material on my method and video-analysis that I don’t make available on my blog.

Thank you for subscribing should you decide to do so. Lots of other people are doing the same.

If you intend using this information for your trading please do your own due diligence, find the advice of a trading professional and trade at your own responsibility. The information provided is for educational purpose only. Please read the Disclaimer and accept all the risks. Thank you.

Have a good day

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Filed under Articles, English language, Money Management, Stocks, Trading Goals, Trading Method, Trading Plan, Trading Psychology

An Examination of the Linkages Between Money Management and Trading Goals (English Language)

Dear readers,

I have just released on the blog my first research paper titled: “An Examination of the Linkages Between Money Management and Trading Goals“. This is a summary of my thesis for the Masters of Arts in Finance at National College of Ireland, I have earned in November 2010. I published this work on the SIAT Quaderno, the journal of the Italian Chapter of IFTA (International Federation of Technical Analysts).

An Examination of the Linkages Between Money Management and Trading Goals

An Examination of the Linkages Between Money Management and Trading Goals

Abstract: This paper is a summary of a research study whose objective was to establish a linkage between money management techniques (helping determine “how much” can be risked per trade) and trading goals. Three money management techniques were examined and applied to the profitable “Turtle Soup” trading system. Trading goals were split in three different sub-goals: downside protection, upside potential and an opportunistic outcome. A uni-variate Monte Carlo simulation method was adopted and a trading data distribution calibrated using known goodness-of-fit techniques and tests. The study not only confirms that good money management techniques are able to modify the results of a profitable trading system positively affecting trading performance, but it also demonstrates that, as a result of such capability, money management techniques can be used to control achievement of trading goals. In particular, different features of money management are able to separately affect the achievement of different sub-goals. The paper concludes that a linkage between money management techniques and trading goals exists, therefore selection of the latter is not disjoint from considerations and choices made in the area of the former. This work also offers a generic, re-usable framework to study the impact of money management techniques on trading performance, given any trading system.

Please Notice: Research papers and eBooks are free but only accessible upon registration. If you wish to download this research paper please visit my eBooks & Papers page.

In the eBooks & Papers page you will find all the eBooks and Research papers I have published so far and those I will keep publishing in the future. I am currently working on an eBook focusing on . I like to publish about several topics related to Trading:  Market Analysis, Money Management, Risk Management, Trading Psychology, Trading Methods, Position Sizing, Trading Business Planning, Trading System Evaluation, and a lot more. I try to make available only quality material based on my direct experience in trading and studies in finance in the last 11 years.

Thank you for your interest.

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Filed under English language, Money Management, Research Paper, Trading Goals