Tag Archives: Giuseppe Basile

“First Anniversary of the Toronto Forex Meetup Group” – February 23, 2015

 

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Michael Yeung, Chris Lori and Giuseppe Basile at the first anniversary of the Toronto group

Dear all,

today FXStreet.com has published the news and pictures of the celebration of the one-year anniversary of our meetup in Toronto. Chris Lori was with us and we had a great time. Thank you all who participated to the even.  Want to see how we celebrate it? Read more 😉

At the Toronto Forex Meetup we’ve always worked to help participants learn to become a better trader thanks to the insights, reports and webinars of our guests, working with some of the best Forex experts and professionals. With the creation of the Toronto Forex Meetup and the other meetups FXStreet collaborates with FibStalker Trading and other contributors, to connect the online world with the real world, that is, you with the professionals!

Take advantage of all the upcoming events this March. You can also join the LIVE version of FXStreet. March is going to be another very exciting month and I will host David Franklin, a self-made trader who will share how he trades and how he sees his trading business.

What happens in Toronto, of course, is just the tip of the iceberg, have a look at the agenda in the other locations around the world and book your seat!

Happy trading and non-trading week.

See you soon!

~FibStalker, http://www.fibstalkertrading.com

Author of: FibStalker Methods Coaching Program

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“MoneyShow Toronto Speech” – January 15, 2015

Hello,

hope your day is going well.

FXStreet has recently published a review of my speech at the Money Show in Toronto.

You find the details below:

Watch Giuseppe Basile participation at MoneyShow Toronto

Giuseppe Basile MoneyShow

Last November Giuseppe Basile, our host in Toronto represented FXStreet at the Toronto MoneyShow.

In my presentation “A New Philosophy for Trading Success in Modern Markets” I received a lot of questions… here you have the chance to watch it.

I have covered the topics with my trading approach about identification and trading based on the effects of modern algorithms on price.

Have a look at the short summary and enjoy the presentation in the link below!

https://fxstreetevents.wordpress.com/2015/01/12/watch-giuseppe-basile-participation-at-moneyshow-toronto/

Have a good day

Regards,,,

~FibStalker

www.fibstalkertrading.com

 

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“One Day One Topic: Order Flow”, December 9th, 2014

 

Dear traders,

it is with pleasure that I introduce to you FXStreet’s “One Day, One Topic” webinars event.

I am among the 5 speakers invited to talk, during one day, around one same topic: ORDER FLOW. And of course… all for free!

That will be next Wednesday, December 10th, with the following traders and analysts:

Navin Prithyani Understanding Order Flow in Simple Terms at 11:00 GMT/ 06:00 am EST, by Navin Prithyani

“We all understand the need to adapt to market conditions like when to trend trade and when to range trade but many novice traders are unaware of is how to load up when the conditions are right. Spotting a good order flow in the market can give you days in a month where performance can be tripled or quadrupled.”

Register Now

 

Giuseppe Basile Order Flow and Algorithms Footprints in Modern Markets at 12:00 GMT / 07:00 am EST, by Giuseppe Basile, CMT

Order Flow is about predicting the future flow of orders that will be generated so that you can position yourself to take advantage of the resulting price moves. A few ways order flow is analyzed are reviewed. The practical anticipation of the order flow through modeling of Algorithms heavily active in modern markets – so that a prepared trader can take advantage of it – is then discussed. A final reality check on what classes and families of Algorithms can be leveraged and used in our trading edge, and those that are too fast to be exploited is offered.

Register Now

 

Chris Lori Leverage changes everything at 13:00 GMT / 08:00 am EST, by Chris Lori

Chris will discuss the impact of contributor banks on the interbank aggregate feeds. The price delivery risk management system of every investment bank plays a role in interbank aggregate price surges. We will discuss consistent price behaviours that may be useful in your trading model.

Register Now

 

Sam Seiden Trade What is Real, Not What You Feel at 14:00 GMT/ 09:00 am EST, by Sam Seiden

During this session, Sam will share some strategy logic and rules for trading using price and price alone. The key is quantifying the markets real supply and demand equation and focusing on price levels where supply and demand is out of balance. This allows you to predict market turns and market moves in advance with a very high degree of accuracy.

Sam Seiden developed the Patented Supply and Demand strategy more than 20 years ago during his time on the floor of the Chicago Mercantile Exchange. He started his career focused on the FX market and began on the financial institution side of the business which helped him understand how markets really work and how money is really made and lost in markets. Join Sam as he shares his strategy rules which help you trade the FX market like a bank. This session will focus on an interactive lesson and live strategy application.

Register Now

 

Ferran FontScalping and HFT (High Frequency Trading) at 17:00 GMT/ 12:00 pm EST, by Ferran Font

Since massive irruption of HFT machines (High Frequency Trading) has changed the classical way of Market Understanding, advance Innovative Techniques are required to adapt to this recent changes. In order to achieve a successful trading performance, particularly in the shorter timeframes like Scalping, modern strategies like Tape Reading, Order Flow Reading, or Order Book Reading, have proved to be effective to reach this goal.

Predatory Algorithms, need to fill thousands of Orders every millisecond, their activity, will provide us with an excellent starting point, as their big Volume Orders, will leave a Footprint that we can use to trigger our piggy-back System.

When Reading the Tape in Real Time, and matching this information with the Resting Orders (Order Book), we can isolate most of the HFT Patterns like Absorption, Spoofing, Stuffing, Dangling, Pack-Hunting, etc…
We will use the Market Profile Auction Theory in conjunction with Innovative Systems, to develop a successful Low Risk High Probability Set Up’s to be profitable in our Trading.

Register Now

If it’s the first time you attend a webinar on FXStreet, please read our instructions.

Happy trading!

 

I like helping traders at all level of development “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 my work 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 & NZD/USD.

Please, register here to receive the free weekly newsletter.

Have a great day.
Regards,,,

Giuseppe, ~the FibStalker

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Most watched FX Webinar last week – FXStreet.com, October 21, 2014

Dear all,

Home this email finds you well.

This morning, Francesc Riverola, CEO of FXStreet.com, has published the most watched webinars at FxStreet.com, this week.

Most Viewed Forex Webinars, Oct 13th-19th: Giuseppe Basile, S. Sivaraman and Joseph Trevisani

Most Viewed Webinars October 13th – 19th:

#1 Giuseppe Basile, CMT– A New Philosophy for Trading Success in Modern Markets

#2 Dr. S. Sivaraman – Asian Session: Live Market Analysis

#3 Joseph Trevisani – The Psychology of Gold: Fundamental and Technical Analysis

I want to thank all my followers and students for their interest in my work and for watching the webinar.

If you do not have time to watch the full webinar (around 50min), you can watch the 8mins highlights of the webinar which covers the following points:

  • The reality of Modern Markets and volume traded by different classes and families of algos (HFT being the less important)
  • Grounded & proven behaviors about the markets
  • An annotated example of a sequence of measured moves higher in the EUR/USD 4-hour and how the self-fulfilling prophecies (“sitting duck levels”) are fallacious in my opinion
  • A second annotated example of how I analyze and trade a sequence of measured moves lower for the EUR/CAD on the daily timeframe*

*For this pair at the end of May 2014 in this video interview for Swiss Dukascopy I have forecasted  lower prices into the 1.38450. The sequence of the measured moves lower broke at around 1.4050 and then is when the move higher started.

In my trades I use methods based on modeling the effects of Program and Algorithmic Trading on price. I also time the areas of support and resistance showed in the examples in the video above using a proprietary technique called FibStalking. This is a timing technique that allows to procedurally test area of potential participation from program trading and algorithms in a procedurally way. This helps reducing uncertainty and removes stress from the trading process.

I like to help traders at all levels of development “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).

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,  S&P500 emini, Dollar Index and Gold emini; (2) the Japanese Yen majors, i.e. USD/JPY, EUR/JPY, GBP/JPY & EUR/CAD; (3) the other majors: GBP/USD, AUD/USD, USD/CAD & occasionally EUR/CHF. Please, register here to receive the free weekly newsletter.

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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Top5 most watched FX Webinars in July – FXStreet.com, August 5 2014

Dear all,

This morning, Francesc Riverola, CEO of FXStreet.com, has communicated to me the Top5 most watched webinars at FxStreet.com, in July…

 

Have a peek below:

#1 Sam Seiden – Fresh Levels and Profit Zones

 

#2 Steve Ruffley – MONTHLY WEBINAR – Part I: Steve Ruffley’s ultimate trading strategies

 

–> #3 Giuseppe Basile, CMT – The Bandwagon Theory Illustrated in Modern Markets

 

#4 Wayne McDonell – SPECIAL EVENT: Trade Non-Farm Payrolls LIVE – 98th Edition

 

#5 Kathy Lien – Tips on Becoming a Smarter Trader

 

I was congratulated for being in the 3rd position in the rank of most watched webinars in July.

It was a big surprise for me, considering that was only my 4th Webinar with FXStreet.com and the caliber of the other colleagues and professionals in the above list.

That tells me I am going in the right direction in offering content and, especially, helping newbies and experienced market lovers to become part of the elite 5% of consistently successful traders.

 

I suggest you watch my webinar and those of the other professionals listed above.

 

In my trades I use a proprietary methods based on modeling the effects of Program and Algorithmic Trading on price.

I like to help traders at all levels of development “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).

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,  S&P500 emini, Dollar Index and Gold emini; (2) the Japanese Yen majors, i.e. USD/JPY, EUR/JPY, GBP/JPY & EUR/CAD; (3) the other majors: GBP/USD, AUD/USD, USD/CAD & occasionally EUR/CHF. Please, register here to receive the free weekly newsletter.

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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This week’s focus of my newsletter, July 28 2014

Dear traders,

this week’s focus of my newsletter has been on…

  1. My video analysis, review and forecast on 12 markets using the FibStalker methods (I keep adding markets…)
  2. What you find on trading books and mainstream trading education about the use of Fibonacci will not make you successful in the markets… I will tell you why.
  3. My research papers related to trading methods, HFT and Money Management in Modern Markets

Follow the instructions below to get the information. You are still in time to get the analysis for this week

Register here to receive the free weekly newsletter.

Note: and if you find this analysis interesting, please share it on social media!

To your success!

http://eepurl.com/pV6mL

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


Giuseppe Basile, ~FibStalker

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“Why traditional use of Fibonacci retraces will not make you successful?”, July 27 2014

Why traditional use of Fibonacci retraces will not make you successful?

Here is the reason. Read this article carefully…

I never considered the use of the Fibonacci numbers in my trading…

Until I have discovered that some of the Fibonacci numbers – a very small set – can be used to model the participation of powerful classes of algorithms that are very active and widespread in modern markets.

In today’s markets human participation and volume generated in exchanges is only a portion of that generated by algorithms which, in some cases, exceeds 80% of the total.

If that is the cases then (and it can be proven), why traditional uses of Fibonacci traces found in literature are still regularly proposed by trading experts ?

Are implications of the use of traditional Fibonacci fully understood?

I do not think so. Let me explain why.

First of all we should ask why the majority of the Fibonacci levels are not significant when modeling institutions’ algorithms, probably the strongest power in the markets, backed by billions of dollars?

Secondly, how are the Fibonacci numbers derived?

If Fibonacci numbers are a wonder of nature – i.e. we find them into manifestations of nature, like the DNA helix or a strong hurricane structure – in a recent research paper published for IFTA/SIAT, I have shown how some of the numbers like 38.2%, or 23.6% are engineered in a way that not necessarily reflects manifestations in nature.

So, from a practical point of view, we may well be dealing with pure human inventions rather than levels that explain or help trading the markets. Levels that are “grounded” into real market behavior, as I like to note.

Thirdly, why Fibonacci number are considered useful in trading?

The simple argument – according to traditional literature – is that trading any market is comprised by free willed individuals. Fibonacci places “natural limits” to how excited or depressed a free-willed mechanism will expand or retract into. Therefore, you can look for a Fibonacci ratio to catch the expansion of price or the retraces of a move.

Unfortunately, when it comes to practical trading, Fibonacci has to be paired with other trading techniques. Some writers like to make a parallel with the 3 best-non-kept secret to investing in real estate: Location, Location, Location.

In fact the trading equivalent, they say is, is Confirmation, Confirmation, and Confirmation.

I would rather say it is Psychology, Psychology, and Psychology.

Which brings to the fourth point: why confirmation? And what are the consequences?

Confirmation is needed because Fibonacci levels alone are not enough.

We do not know where price will stop, i.e. at what level. Moreover, typically price will overshoot or undershoot a level in a totally unpredictable way that confuses traders.

For this reason, the most immediate fix has been to consider other supporting techniques, e.g. price patterns or indicators, so that a trader would get involved at a Fibonacci level, only when the confirmation techniques all agree.

If this concept makes sense from a conceptual point of view, it does not mean is the way to go to be successful in the markets.

And, in fact, it is sufficient to look at the statistics for a confirmation. Again and again we observe that over 90% of traders still lose consistently in the markets.

If use of Fibonacci – in the way it is proposed by the traditional literature – was any better, the number of successful traders would be much higher. Don’t you think?

So what is the problem with confirmation?

In my research I have identified two major issues:

  1. Use of confirmation is complex for new and experienced traders
  2. Some uses of confirmation are flawed both from a conceptual and practical view point

Let’s start from the first issue.

The majority of people, including experts, think that you can add several techniques and use their reciprocal confirmation for practical trading.

Nothing more removed from reality and practice.

These people seem to forget that trading is a numbers game.

When you use different techniques for confirmation you have also to mind the main problem: reconciling the signals of each and every one of these techniques.

Traders who use several confirmation techniques never seem to mind the probability of each and every ‘combination’ that these techniques can present themselves in a particular situation.

Plus the indications from these techniques have to be reconciled with price itself.

Therefore, initially traders get excited by the idea of confirmation, but then they start realizing that, indeed, their trading becomes even more difficult.

The reason is that traders do not have the knowledge and the skills to reconcile all the possible configurations of the indicators, plus they do not know how to reconcile indicators that offer opposite readings.

Moreover, the majority of traders, including experienced traders, do not use a probability, reliability, expectancy and frequency of opportunity in their trading.

So, confirmation is only useful if you employ a very limited number of indicators and, even in that case, it is still complex and tends to shift trading into discretionary approaches, a sure recipe for disaster and lack of success for starting and experienced traders alike.

The second issue mentioned above (e.g. flawed use of confirmation) is related to the way the techniques are used in confirmation.

In my recent research paper I have documented some issues like the ‘inversion of semantics’ in using retraces and  the practice of using the clustering or confluence.

Confluence is when multiple Fibonacci levels are identified in the same area from different Fibonacci traces. The areas where levels fall close to one another identify ‘clusters’ deemed to be stronger support or resistance areas.

The reasoning behind confluence areas is that of confirmation. However, how can single, unreliable Fibonacci levels come all together to identify something that is more reliable?

It would be like thinking that a bunch of inexperienced and unreliable players could come together to form a great basketball team that wins the season.

How probable is that? Could that ever happen? I do not think so.

Still you find a lot of traders who speak with confidence about confluence and clustering like it was an effective technique. It is not, and you do not have to fall into the trap.

Yet Fibonacci numbers can be employed in a very effective way when used in what would generally be considered a totally unconventional approach (and here lies your edge), to explain price structure in modern markets.

Some of the Fibonacci numbers can be used to model the presence of algorithmic trading on all timeframe in high volume markets, which includes equity indexes, large stocks, major forex pairs, commodities and other highly participated asset classes.

The fact that I found fascinating is that this way of looking at the market enables techniques unheard of before, like procedural tests of areas of support and resistance (a technique I called FibStalking timing) and price discovery.

Particularly, price discovery – a technique to extract information on what price can do next – is enabled by the same levels used for the stop losses.

Moreover price discovery is often obtained without risking any money in areas where timing is performed through the FibStalking technique.

To learn more about the FibStalker methods that can enable you to trade and explain price and get involved in the same price areas where algorithms do, as well as, use a method that incorporates the psychology of the markets, check out the information in www.fibstalker.com

The simplicity of the methods and reliance only on price information, is what a lot of students and followers like and appreciate about my work.

 

If you like this article and it makes sense to you please share your own stories and thoughts about using Fibonaccileave a comment on the blog or drop me an email to: fibstalker@gmail.com.

 

In my research and practical trading I study the effects on price of classes of algorithms in high volume markets. If you are interested in a new and effective trading edge, check my work at www.fibstalker.com.

Happy Trading

~FibStalker

WHO IS GIUSEPPE BASILE?

Giuseppe Basile
Giuseppe is a Certified Market Technician and swing trader, IFTA and SIAT associate. Holds a B.Sc. in Computer Engineering and a MA in Finance. In the markets since 2001, became trader and mentor in 2007. Studied with several traders in UK, Europe and US, adding over 7,000 hours of screen time between 2009 and 2013 alone. In 2012 launched FibStalker, a blog specializing in forex, futures and stocks trading, where he also runs a free newsletter and publishes daily videos with actual setups and complete trading plans.

Giuseppe’s unique method attempts to spotting footprints of Program Trading, a powerful class of algos that governs the markets. Giuseppe is a rigorous researcher with several published papers about money management, automated trading, HFT and innovative timing and trading methods.

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