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Checklists: Critical for Success

13 September 2010

Arguably the single biggest improvement every trader can make to their trading is to ensure they have, and use, a checklist for each of their strategies.  Success leaves clues and every successful trader I have met does exactly that. 

In this video I show you how I use checklists and how by dividing the checklist into Essential and Bonus Factors and then scoring each trade out of 10 can vastly improve your trading results.

Higher Timeframe Bias/Awareness

6 September 2010

Do you find yourself continually trading against the higher timeframe trends only to be stopped out time and time again?  I often see traders get too focused on a smaller timeframe set up and ignore the higher timeframe direction. 

In this video I discuss a simple and cheap method I use to overcome this tunnel visioned approach.  I'm positive every trader's bottom line could also benefit from it.

**Ensure you watch the video in full screen mode for the best viewing experience**

Financial Crisis in Detroit Michigan

2 September 2010

The global financial crisis (GFC) hit many people & corporations hard - that's no secret, it was very well reported. Yet perhaps not so well reported is the effect this has had on entire cities.

Outlook For The Week: FX Majors & Dow

30 August 2010

In this week's TWP free newsletter Travis assesses the FX majors and the Dow in order to establish a bias for the week and any key levels that deserve to be stalked.

Stalking a Trade on EURJPY

24 August 2010

Stalking of trades is an extremely important aspect of trading that is often overlooked by amateurs. 

When conducting market scans it is recommended that you create a watchlist of securities/markets that are very close to meeting all of your criteria for a set up.  For example if one of your strategies requires 10 factors to be present but when you do a scan only 8 of those are, but with time the other 2 may set up, then you should put these in a watchlist and stalk them (ie check on them periodically to see if the 2 remaining factors do indeed set up).  

Under no circumstances should you take that trade until all 10 of your factors are present.  

In this video Travis has identifed that EURJPY may be due a snap back to its averages and he is stalking it to see if he can find an entry based upon his various strategies.

The Markets To Be Trading This Week

17 August 2010

All too often I see traders getting tunnel vision and only focusing on one or two markets.  This can be great as you can learn every nuance of those markets, but what happens when those markets go into periods of consolidation or erratic volatility?  Usually the trader will enter a period of drawdown as they continue to trade through the difficult market conditions.

Why not broaden your focus and scan across a number of markets looking for those markets which are exhibiting optimal chart structure and trending cleanly.

In this video I discuss that issue in detail and show you which markets I believe you should be watching closely this week.

Will the Dow Lead Index Markets Higher?

2 August 2010

The Dow Jones futures contract should test a key multi-year resistance level again this week and how it reacts there is likely to set the tone for stock & index markets for the days and weeks to come. Will the YM contract lead the markets higher?

The Real Euro Stress Test Results Out Today, 26th July 2010

26 July 2010

The long awaited European banking stress test was completed last week with controversial results. In this weeks video Nick McDonald summarises the results and discusses why the real results will actually be released today when we see the stock markets reaction to the banks as they open for trading. Nick also reviews the EURUSD charts and reveals key levels to watch for the days, weeks and months ahead.

Nick McDonald Interviewed on Successful Trading Habits

19 July 2010

Nick McDonald was recently interviewed by moneyshow.com on a range of topics where his ability to simplify the trading of financial markets shone through.

Watch Nick discussing what he believes to be the elements of trading success that separate the winners from losers.

Market Outlook - The Week Ahead For The Forex Majors

12 July 2010

In this video Travis discusses his outlook for the forex majors for the coming week.  It is always a very important exercise to start the week by studying the higher timeframes (even as a day trader) in order to establish key suport and resistance zones and directional bias.

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