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Trade with The Lazy Trader in 2017!

We want to give you the opportunity to attend an intensive all day event in an immersive and supportive workshop environment at a London-based location. With eight core modules covering trading strategies, risk management, market analysis and the all important trader psychology, the course will aim to rapidly accelerate your understanding and ability to effortlessly master markets in their signature style.

The Lazy Trader is famed for transforming what is experienced by the majority of traders as a loss-making folly into a highly lucrative, carefree, relaxing hobby…that takes no longer than ten minutes a day.

Students will receive a fully illustrated 80 page manual, lifetime access to an online training area with other 15 hours of video tutorials (strategies, timing selection and management of trades, trade software demos - worth £1997). Attendees will also be given exclusive access to our proprietary pattern recognition software “Trade Voyager” in addition to The Lazy Trader’s flagship “Trading Zen Audio Hypnosis Training Course”. If that isn’t enough, we will also provide you with a bonus 60 minute 1-2-1 mentoring session with a senior STA accredited mentor so that you can be sure they can get off to the best possible start.

Modules:

  • Forex basicsViable Trade Targets Outside of Major Currency Pairs
  • Common pitfalls and rookie errors
  • Market analysis methods
  • Charting software and broker accounts
  • Trading strategies (2 will be covered)
  • Trade timing, selection and trade management
  • Identifying trades with high profit potential
  • Trader psychology

Bonus:

  • 80-page training manual
  • Online members’ area – lifetime access
  • Trade Voyager pattern recognition software
  • Trading Zen – Audio hypnosis training
  • 60 minute 1-2-1 mentoring session (subject to T&Cs)

Key Information:

  • When:  23rd September (Saturday), 25th November (Saturday), 27th January (2018), 24th March (2018), 26th May (2018) - 10 - 5pm.
  • Where: Central London (TBC)
  • How much?: £344 per ticket


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Round the Clock Trader Live - How to Trade the News

Last Saturday, The Lazy Trader participated in the London Investment Week’s flagship event – Round the Clock Trader Live; an all-day festival of trader training which was delivered by an entourage of world-class educators.

On the 5th November at The Grand Connaught Rooms in Covent Garden, we delivered a 45-minute lecture to a packed room, dedicated to teaching attendees how they can profitably trade the news.

A News Trading Strategy You Cannot Afford to Miss,” was presented by our very own CEO and founder, Rob Colville, and revealed the exact steps we took to take advantage of political events…all in the name of making a profit.

How we profited from:

  • Brexit: The EU Referendum 2016 – GBPCHF sell (daily chart)
  • The UK General Election 2015 – GBPAUD (daily chart)
  • The Scottish Referendum 2014 – FTSE (daily chart)

rtct-2016-with-sponsors-300x200In the presentation, Rob demonstrated the power of trading with positive reward to risk and revealed the subtle tweaks attendees could make to their own trading plan which would enable them to win big and lose small from future news events.

While it was emphasised that no one could accurately predict news outcomes consistently, attendees were encouraged to target trade set-ups which offered big profit potential for when the news favoured the set-up’s direction and, through effective risk management, prevent huge losses if news caused the set-up to go “the other way”.

Guests were shown our bread-and-butter Trend Rider Pro strategy alongside techniques we use to trade reversals. Lastly, as per our standard protocol, we revealed how they can transform their trading into a carefree and relaxing hobby thanks to the benefits of trading the higher timeframe (daily and weekly charts).

For more information about future Round the Clock Trader Live events, click here .

We would congratulate the event organiser, Simon Campbell, for such a successful occasion!

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Why There's Little Room for Expectations in Trading (or in Life)

A recent guys’ trip proved useful for more than just a lot of fun and a much-needed escape from trading and the daily grind. Now I don’t usually get this personal, but I feel that the unique perspective I got from talking so candidly with my mates about such things as work—which, in my case, is trading—plus life, family, and relationships is just too useful not to share. So that’s why I wanted to do this today.

You see, our conversation one night over dinner somehow landed on expectations. One of the guys, who is soon to be married, is busy trying to anticipate what the upcoming wedding and married life will be like, and as the other guys tried to encourage him to simply let go of expectations and be fully present for the journey, I couldn’t help but compare that same scenario to trading.

Many of us, myself included, are guilty of sometimes focusing too much on pre-conceived expectations. Maybe not necessarily about the outcome of our trades, but maybe that the trading day will go differently than it winds up going, or that we’ll achieve tighter risk, or squeeze out more profit than we wind up earning in the end. All that leads to surprise, emotion, and often disappointment, which can take away from the overall trading experience.

And, for any of us who set such expectations in our lives outside of trading, it takes away from the overall living experience, which might be even worse. Trading, afterall, may offer second chances from time to time, but we really only get one shot to live the best, fullest, and happiest life that we can.

So with that, if expectations are playing too big a role in your trading, or your life, here are some of the reasons why you should work to let those expectations go. As it happens, I’m now doing the same…       

Because We Lack Control Over Outcomes, in Trading and in Life

Lacking Control Over Trading and LifeExpectations are one thing when outcomes are closely related to factors like our education, level of experience, or preparation, but in trading, where outcomes are random and completely in the hands of the market, expectations are often misplaced to say the least. Still, traders tend to come into individual trades, trading days, and even their trading careers with certain expectations about how things will go along the way, and how they’ll turn out in the end, and that’s the problem. For we have no way of knowing that, and no say over whether it actually happens.

See also: How to Turn off Trading Expectations

Life is like that, too. For all the best-laid plans we may have at the onset of a task, or a day, or a week or more, it almost never fails for obstacles to appear that are beyond our control. And, when married to prior expectations, it makes it much harder to adapt and overcome.

Inevitably, the Experience Won’t Be What You Imagined

The Trading Experience Isn't Always What We ImaginedThere was a lot of experience at that dinner table that night. Among this group of guys are business owners, married and single guys, fathers and non-fathers, and enough work and life experience to know—or at least to think we know—what we’re talking about. So as man after man shared how their present-day realities differed from their earlier expectations, I realized that mine did too, and that extends to my trading as well.

I once expected to become a garbage man, and then a veterinarian, and then a physician’s assistant, and then an advertising executive, but never did. And when it comes to trading, I expected to be better at it much sooner than I ultimately was. Fortunately, I learned and adapted following many early mistakes and even a blown-up trading account along the way. I never expected my journey to go the way that it did, and I suspect you can already say the same. It would make good sense, then, not to carry expectations with us in the future when we already know today that trading and life tend to not go the way we intended. Wouldn’t you agree?

Because Expectations Rarely, if Ever, Factor in Adversity

Trading Expectations Rarely Factor in AdversityAs I said, I never expected to blow up my first trading account, just like other guys said they never expected to get divorced, or lose a job, or lose a loved one too young. It’s so easy to come into trading inexperienced yet optimistic, and then face surprises and harsh realities that weren’t part of our plans. I can tell you, though, that I’m not sorry I faced the struggles I did in trading, and if you’ve ever had hard times, or are having them now, I’d encourage you to not feel defeated by it.

As the actual chapters of your trading story are being written, it’s the adversity and mistakes, along with the successes, that come together to show you how to trade well for the long term. And sure, adversity is rarely fun in the moment, but it often signals key turning points and teachable moments that you’ll be grateful for in the end…even though you never expected them from the beginning.

The idea of living up to our own expectations in trading was also a hot topic for conversation in The Lazy Trader Forum this past week. For access to that thread, plus continuing education and trading support, login or join our member community. You can claim your no-risk trial membership just by clicking the banner below.

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Trade with The Lazy Trader: One-Day Globally Acclaimed Forex Class With One-to-One Coaching - 19th November or 10th December, 2016

We want to give you the opportunity to attend an intensive all day event in an immersive and supportive workshop environment at a London-based location. With eight core modules covering trading strategies, risk management, market analysis and the all important trader psychology, the course will aim to rapidly accelerate your understanding and ability to effortlessly master markets in their signature style.

The Lazy Trader is famed for transforming what is experienced by the majority of traders as a loss-making folly into a highly lucrative, carefree, relaxing hobby…that takes no longer than ten minutes a day.

Students will receive a fully illustrated 80 page manual, lifetime access to an online training area with other 15 hours of video tutorials (strategies, timing selection and management of trades, trade software demos - worth £1997). Attendees will also be given exclusive access to our proprietary pattern recognition software “Trade Voyager” in addition to The Lazy Trader’s flagship “Trading Zen Audio Hypnosis Training Course”. If that isn’t enough, we will also provide you with a bonus 60 minute 1-2-1 mentoring session with a senior STA accredited mentor so that you can be sure they can get off to the best possible start.

Modules:

  • Forex basicsViable Trade Targets Outside of Major Currency Pairs
  • Common pitfalls and rookie errors
  • Market analysis methods
  • Charting software and broker accounts
  • Trading strategies (2 will be covered)
  • Trade timing, selection and trade management
  • Identifying trades with high profit potential
  • Trader psychology

Bonus:

  • 80-page training manual
  • Online members’ area – lifetime access
  • Trade Voyager pattern recognition software
  • Trading Zen – Audio hypnosis training
  • 60 minute 1-2-1 mentoring session (subject to T&Cs)

Key Information:

  • When: Saturday, 19th November OR Saturday 10th December , 2016 (10-5pm)
  • Where: Central London (TBC)
  • How much?: £344 per ticket


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How Brexit Can Make You Rich - A Guide To A One Time Trade

On 23rd June 2016 it is possible that everything is going to change. This is the date of the EU referendum, and if the UK chooses to leave then those who traded wisely are going to end up with a nice payday. And it is for this reason that the Brexit (a contraction of ‘British exit’) can make you rich. Even if there isn’t a Brexit and we remain in the EU the markets are going to be pretty well shaken up, so money can be made whatever way we go. But the Brexit will be the biggest payer.

It Can’t Really Be A One Time Trade, Can It?

It can. The Brexit can make you rich, but if you miss out on this trading opportunity the chances of it coming around again quite like this are tiny. If it does, it won’t be for a good few decades yet, and the markets could be entirely different by then. So you should make the most of this exciting chance – if it’s right for you. As we get closer and closer to 23rd June things are going to get more and more volatile in the currency markets, and that makes it really rather interesting…

How Will It Work?

If you want to know how the Brexit can make you rich, it’s quite simple – if you know what to look for. A Brexit would mean good things for the Japanese yen and the US dollar, and they would grow against the pound. In Europe a Brexit would mean that everything and everyone, from trade and industry to services, would need to re-look at any trade agreements made between EU countries and Britain. It would also mean that the UK’s credit rating could change if it is no longer linked to Europe – going alone could cause it to fall sharply, meaning that borrowing would be harder and interest rates would be higher. All of this would affect the GBP, as the following chart shows:

brexit can make you rich

So a Brexit would, predictors say, cause the British currency to nosedive. But it’s already fluctuating – just take a look at the markets. The uncertainty about whether the UK is going to vote in or out is making everything rise and fall depending on which camp is winning the argument. Since it’s almost a 50/50 split between the yeses and nos, it’s extremely unstable.

How do we know this will happen? Well we don’t for sure, but we can be fairly certain since a currency fall is exactly what happened during the 2015 General Election and the Scottish Referendum. At those times, the GBP fell by over 500 pips, and since the EU referendum is an even bigger deal, we can safely (as safely as possible anyway) predict that we’re in for more of the same – and then some.

At the same time, the Scottish referendum and the General Election created success for the short FTSE and long GBPAUD. Therefore, the Brexit can make you rich if you look closely at trading on these markets.

That’s The Short Term; What Happens After That?

Predicting long term changes in the currency markets is pretty much impossible. We can look back at what has gone before, and if history repeats itself then EURGBP will rise whilst at the same time GBPCHF will fall. But again, these currency markets are linked closely, and trading on both isn’t a good idea as a win will be cancelled out by a loss.

Of course, if the UK doesn’t leave the EU (and it could certainly happen with both sides being so close in terms of argument) then there will most likely be high probability trend reversals happening since the EURGBP will fall and the GBPCHF will rise or at the very least remain stable.

GBPCHF brexit trade December

 

Anything Other Than Currency Trades To Think About?

If you really want to look at how the Brexit can make you rich, currency is the ideal trade to make because currency is what will be affected most in the shortest amount of time. But there are other things to look at. The UK’s debt could grow if a Brexit came about even if we don’t borrow any more money; it’s simply because of our credit rating. If that falls, interest rates go up, and we suddenly owe more. Investment could falter, and trade agreements might be harder to organise because no one wants to trade with a country with a poor credit rating (even if we had a great AAA one the day before the Brexit).

Concentrating On The Here And Now, What Should I Do?

If you want the Brexit to make you rich, you’re going to need to trade on the back of it. So where to begin? Let’s go back to the start, when the currencies began to fluctuate. It was 1st December 2015, and it was a pin bar reversal pattern seen in the GBPCHF. This pattern was at a lower high near multi-year resistance, and these are the kinds of trades that pay out really well, so once that appeared it was time to look deeper. And the pattern needed to be charted, as below.

Brexit trade-GBPCHF-Dec-15

Since December 2015, two high probability trends have made themselves known, and when they did they needed to be added to the chart as well. These trades are excellent value as they will gain around 30% with a risk of only 1 or 2%.

GBPCHF-Brexit-Trade-6months

It’s the Brexit that will potentially make you rich, and not necessarily the UK staying in the EU, so if the vote goes the way of the yes campaigners, it’s time to pause trading for a bit. If you keep going, you could easily wipe out those nice gains you worked hard to get. Put a safe stop point on your chart so that you can enjoy the money and not lose it all as quickly as it arrived.

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Round the Clock Trader -12 traders, 12 hours...join us!

It must be that time of the month – it’s Round the Clock Trader! You are cordially invited to join us on our 10th appearance at this free ground-breaking trading event featuring 12 expert traders who will all be sharing their inside scoop on how to make money from trading.

Taking place on Thursday, 25th February, from 9am to 9pm GMT (UK times), this amazing on-line trading event will teach you how these successful traders will be making money in 2016.

We will present our new course ‘How to Transform Your Trading into a Relaxing Hobby’ at 10am UK time. The 50 minute long webinar will be presented by our very own CEO and founder, Rob Colville.

The webinar will reveal why 92% of traders fail and the exact steps you can immediately take to copy the winning the elite. You will also discover what subtle changes you can make to your trading plan which will enable you, like many of our clients, to transform what is experienced by most as a stressful, stomach-churning, loss making failure into a carefree, relaxing, profitable past-time…from only a few minutes work a day!

You will also be taught how to successfully trade one of our flagship, trend-following strategies, Trend Rider Pro.

We will present our new course How to Transform Your Trading into a Relaxing Hobby’ at 10am UK time. The 50 minute long webinar will be presented by our very own CEO and founder, Rob Colville.

Agenda for Round the Clock Trader

9am - Live trading with Charlie Burton, Ezeetrader
10am - How to Transform Your Trading into a Relaxing Hobby - Rob Colville, The Lazy Trader
11am - Trading, it can be as easy as A-B-C - George Hallmey, Click Events
12pm - A Secret Income Strategy: The Market's ATM Machine - Alessio Rastani, Leading Trader
1pm - Inside a Hedge Fund – copy professional tactics for profit yourself - Alpesh Patel, alpeshpatel.com
2pm - Rishi Patel, Master the Markets
3pm - Alex Ong, Traders Corner
4pm - Finding your personal trading edge - Ann Hunt, Chasing Returns
5pm - Precise Market Timing - David Paul, VectorVest UK
6pm - Using Pivots to Pinpoint Successful Entry and Exits - Raman Gill, Trading with Venus
7pm - Francis Hunt, The Market Sniper
8pm - Alistair Crooks, Traders Support Club

Register your free place here

Round the Clock Trader trading event brings together 12 expert speakers to deliver 12 lessons over the course of 12 hours and is hosted by London Investment Week.

We look forward to seeing you there!

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The Lazy Trader and The New Economy on Moving Averages

If you’ve ever wondered why moving averages are such a popular tool for the technical trader and how traders profit from them, you are in good company! Yesterday, CEO of The Lazy Trader.com, Rob Colville, took to the limelight and participated in an interview with Jenny Hammond (The New Economy) to discuss the how and whys behind this technical tool.

In the interview, which was filmed on location at The New Economy’s headquarters on Compton Street in London, The Lazy Trader discussed how to successfully trade using moving averages in trending markets, when not to use them and how to objectively use them to analyse any market.

The New Economy is both a quarterly magazine and a website which provides in-depth analysis, expert opinion and lucid insights into innovation in technology, energy, and corporate strategies in their wider business context.

The New Economy interview: How moving averages can help you as a trader

Interview Transcript

(Jenny Hammond, The New Economy and Rob Colville, CEO The Lazy Trader)

Jenny: Moving averages are one of the most popular tools for technical analyst but how is the best way to profit from markets using these indicators trader Rob Colville joins me to discuss.

So Rob moving averages Rob why so popular?

Rob: Moving averages - they are an objective way of gaging the sentiments in the markets. Unlike trend lines or horizontal levels, traders use them because they can get a very clear idea as to whether we are in a trend; upward or downwards. We use moving averages to determine the speed momentum of the market...to give us a reading whether we are in an upward trend or downward trend. Other forms of technical analysis; using trend lines for example -they can be a little bit subjective. If I were to give a chart to 10 different people and ask them to draw trend lines they’ll probably give different readings: their trend lines would be drawn differently. However, with moving averages, you can gage the markets speed and momentum. You can also look for opportunities based on whether you get a bounce off the moving average with the behaviours of dynamical support and resistance.

Jenny: There are lots of different ones out there so how do you decide which one are best one for you and to apply to your charts?

Rob: I’ve always stuck to the 20, the 50, and the 200 moving averages, the 20, 50 and 200 for me represent the short, medium and long term traders in the market and if we can piggy back those moves... then great. You can get different combinations out there; fibonacci based moving averages, etc. You know, you can probably throw a dart at the dart board and just randomly guess a moving average combinations and there are thousands of combinations but those three work best for me and they have done well in terms of their interaction with the market and demonstrating what the market is telling me.

Jenny: And simple verses expediential which is best and what is the pro’s and con’s for both?

Rob: Oh I’d say exponential- there’s this expression you should always be in the present when you’re trading. Of course, use historical data to look for clues however, exponential is weighted more to the present, where as simple has more of a lag on it essentially. So expediential tracks price action better and if we get expediential moving averages behaving as dynamic levels of support resistance then great.

Jenny: There are certain things that traders should really be aware of though and using these tools to not make common mistakes?

Rob: I mean a lot of people use moving averages incorrectly. I look for order, angle and separation with moving averages. Which essentially will reflect an upward trend: if the moving averages are angled upwards, separation between the moving averages and then the right order with the 20 above the 50 the 50 above the 200. Incorrectly using moving averages say for example in a range by market people were moving averages are facing the same to imagine a clock face facing 3 O’clock. People use moving averages in choppy markets, and that’s not the right way of doing it you should use and applying moving averages to trending markets only.

Jenny: So talk me through the basic rules of using these then?

Rob: No matter what your moving average combination is, whether it’s the 20 the 50 or the 200 like what we do, or, something else, I’d look for the order of the moving averages say you’re in an upward trend I’d want the shortest term moving averages to be on top of the medium one and the medium term one to be on top of the longest term one. I’d want space between the moving averages and I’d want separation between the moving averages. Because when you’ve got that it’s a sign that the market has speed and momentum and, like I said, in an upward trend with speed and momentum, it will enable us to buy the pull back. For example, buy a dip and get the outcome of our trade faster rather than if the moving averages are facing towards 3pm and moving side-ways we can’t really get any reading from that to trade off unless you just want confirmation that you’re on a ranging market.

Jenny: And are there any better indicators to use than past prices?

Rob: Price action is always going to be the leading indicator. You can look at reversal divergences whether it’s the stochastic or the RSI which gives us a clue that there is a change in tide in sentiment. but of course those divergences could amount to nothing. I’d say price is the best indicator to what is happening now.

Original

You can view the original interview on the The New Economy website

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Interview: World Finance & The Lazy Trader on Market Volatility

Ever wondered how the volatility in financial markets can affects traders and their decisions to trade? Yesterday, our very own founder and CEO took part in an interview with Jenny Hammond (World Finance) to discuss how uncertainty is affecting traders.

In the interview, which filmed on location at World Finance’s headquarters in central London, The Lazy Trader discussed a number of pertinent topics including the current market volatility, the impact of the Chinese Renminbi on currency markets, in addition to why moving averages are such a popular choice of tool for technical traders.

World Finance is a bi-monthly print and online magazine that provides rigorous coverage and analysis of international finance and the global economy.

World Finance interview: Traders enjoying volatility from uncertain times

Interview Transcript

(Jenny Hammond, World Finance and Rob Colville, CEO The Lazy Trader)

Jenny: Foreign currency trading has many of advantages which other ways of financial trading may not, but at the same time there are risks involved too with me here now to discuss is a self proclaimed Lazy Trader Rob Colville

Well Rob how has uncertainty impacted on traders?

Rob: In January traditionally we see a fall of equities and we see more of a return in "risk off", however at the moment we’re seeing a pull back in the markets and people are just waiting to see whats going to happen next in terms of economic releases

Investors who love market certainty when the bear climbs the stairs that’s when theres certainty traditionally but when bears falls out the window, we can typically say theres uncertainty, and at the moment we can say that the FTSE is falling...news from China hasn’t helped that, but for traders we love volatility, uncertainty brings volatility and enables us to get into positions and if we’re at the right side of the market it enables us to determine the outcome pretty quickly.

Jenny: As you’ve said people have pulled back from markets and I don’t really understand exactly why that is because I know we’ve had a lot of issues the China slow down, oil prices are down that sort of thing but these are things that has been happening for a while now, there not exactly new so why are markets going down now.

Rob: It's interesting that is the governing sentiment and people are looking to essentially make money going short; investors are getting jittery. We saw the all time high of the FTSE last April and of course anyone who is going to be buying the FTSE certainly last year will be at the top of the market - it's not a very good place to buy, and fear essentially spreads it’s a great motivator people panic

Jenny: Well lets move onto the Forex Market now and how is that being impacted on uncertainty

Rob: Well we’re seeing a further growth in the US dollar; it’s traditionally a safe haven, and we’re seeing a decline in the British pound, the Euro has traditionally been bullish this time of year just after Christmas, January, February but I think that all in all if equities are going to fall we’re going to see a decline in currencies, limited to "risk on" like, for example, the British pound, the Aussie dollar, Kiwi dollar and so forth. Canadian dollar is losing ground in a rather dramatic way against the US dollar and that’s because of oil prices which are collapsing as we know bit I think we are just seeing a return to risk off.

Jenny: This is certainly a popular way to invest the Forex market what sort of tools do you think are the best way to do this?

Rob: Having access to current prices, in terms of charts us technical traders we tend to call in what we see not what we think, we’re looking at the charts for clues...I’m always looking at current data and past data as I’m trading on the higher time frames I’m looking at the past 5 years to identify clear buy and sell levels opportunities to buy a dip in an upward trend or sell a in a downward trend I’ll be doing that certainly with the British pound looking to sell a rally in a downward trend.

Jenny: I think the big story for the Forex market is the Renminbi which is part of the IMF’s currency basket do you think it’ll have much of an impact.

Rob: China there looking to circumvent the US dollar in terms of imposing the Renminbi as the currency of choice with their trading partners potentially we will see a bit of competition with that against the US dollar, but as far as the Renminbi is concerned, I think it’s a bit too early to say.

Jenny: When you speak to a lot of people about the Forex market, they say you’ll never make your fortune trading Forex, what do you make of this?

Rob: A lot of people who trade financial markets fail unfortunately. I think it’s a staggering statistic like 92% of people because they don’t bother to implement a strategy, they don’t bother to learn what’s involved and they’ve got a tiny account. You can make a lot from Forex trading providing you have a big account, your consistently profitable and your well funded, and you know what you’re doing... but frankly a lot of people see Forex trading as a get rich quick scheme.

Original

You can view the original interview on the World Finance website

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Best of 2015: Trends—and Trend Trades—I'll Remember Most

While some may be anxious to start fresh and begin 2016 with a proverbial clean slate, I want to share with you why I’m taking a slightly different approach myself. You see, I don’t want to “start from scratch,” as they say. Sure, I have some newfound hopes and aspirations for trading in 2016, but I also want to build on recent successes, carry over confidence and positive momentum, and hopefully replicate some of the trend trades and profitable outcomes that made 2015 a memorable year, too!

That’s why, before setting out to trade in 2016, I want to reflect a little about what went right (and wrong) in 2015, recall some memorable takeaways and trading lessons, and examine the forces that produced some of the best trend trades of the past year. Because while the calendar is changing, the economic and market environment is simply carrying over, so with that, here are some of the most memorable trend trades from 2015, and what we can learn from them and carry with us for the year ahead.   

The Fastest 10% I Earned All Year…

Starting on December 1, 2015, with GBPCHF testing a significant multi-year high (unbroken since 2011), a bearish pin bar reversal on the daily chart turned out to be the key acceleration point in that reversal scenario. Consistent with our strategy, we entered short upon that signal, and were essentially “in the gun before it fired.” And, as you’ll see below, we were quickly rewarded for it as well!

This GBPCHF short trade yielded a rolling gain in excess of 10% in only 2 days, a quick and decisive winner that was one of our most memorable trend trades of 2015.

Best of 2015 Trend Trades: GBPCHF Short (Dec. 1, 2015)Best 2015 Trend Trades: GBP/CHF Short

 

 

 

 

 

 

 

 

 

 

Key Takeaway(s) for 2016: It’s important to note that up to 80% of all reversal patterns fail, so this set-up did carry with it significant risk. The strength and long-term nature of the resistance, however, added validity, but it was the bearish pin bar reversal that acted as the invaluable confirmation signal we needed to take this trade in good faith. Remember that it’s important to wait for that signal to ensure the proper trade timing, but once all conditions are met, you should always go ahead and execute the trade. Reversal set-ups like this aren’t high-probability trading opportunities, but missing this runaway winner simply out of fear would’ve been devastating!

The Best of All My Weekly Trend Trades

The completion of a 3-wave pattern just slightly below the 50-period moving average on the weekly chart of gold, and the inside bar that resulted thereafter, was the justification for our short gold position which began during the last week of October.

This was one of several trend trades we actually took on the higher-time-frame weekly chart, and with the trade moving steadily and decisively in our favor for 7 consecutive weeks, we protected gains by trailing our stop above the high of every second seller bar. It was a long-running winner that I think is memorable and noteworthy for several reasons, which we’ll discuss below.

Best of 2015 Trend Trades: Gold Short on Weekly Chart (Oct. 29, 2015)
Best 2015 Trend Trades: Gold Short

 

 

 

 

 

 

 

 

 

 

Key Takeaway(s) for 2016: This successful short trade on the weekly chart helped affirm (or re-affirm) the value and validity of trading higher time frames. It also showed that trying to pick a bottom in hard-hit markets like gold and oil isn’t traders’ only choice; far from it, in fact. There’s still plenty of time and space to trade these markets to the downside, perhaps even throughout 2016. Also worthy of emphasis is the judicious trailing stop placement, a timeless methodology designed to protect hard-earned profits while still allowing a winning position time and space to run further.

See related: An Integral Trading Lesson: How to Let Profits Run

Not-So-Honorable Mention: A Now-Infamous 2015 Trading Day

2015 Trends (and Trend Trades) to RememberI said recently in a year-end interview with FXStreet that despite all we’ll remember about 2015, it’s perhaps one event that’s seemingly being forgotten from this past year that’s just as crucial. That event happened way back on January 15, 2015, when the unexpected decision by the Swiss National Bank (SNB) to drop the long-standing peg between the euro (EUR) and Swiss franc (CHF) caused an outright flash crash in the EURCHF currency pair, and others, for that matter.

Traders and even brokers worldwide were devastated and many were wiped out entirely by unlimited losses sustained that day. It’s a highly controversial event and a decision by the SNB that many believe was irresponsible. And while this event has long since faded from the headlines, it’s still an eye-opener, and something traders should keep in mind, even now, a year after the fact.

Key Takeaway(s) for 2016: This event goes to show that in this modern era of quantitative easing and other “hands-on” policies by central banks, the monetary officials, way more than any rogue trader, big bank, or HFT program, “hold the keys” and can move markets entirely without warning. This flash crash also awakened traders once again to the potentially severe consequences of trading on margin and being overleveraged. It goes to show that even technical traders must closely monitor central bank policies and changing rhetoric, and how most every trader should keep their use of leverage to an absolute minimum.

See also: Fundamental Forces Even Technical Traders Can’t Ignore

Conclusion

It’s strange to think that these will be our final words for 2015! However, as we bid a (hopefully) fond farewell to the year that was, and ring in 2016 with plenty of hopes and aspirations, I want to thank each of you for joining me on this journey. Here’s wishing everyone plenty of health, happiness, and good fortunes, both in and out of the markets, in 2016 and beyond!

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The Lazy Trader and The Money Show - Traders Expo

Yesterday, The Lazy Trader was again able to feature in the limelight alongside an impressive entourage of industry experts at the London Traders Expo 2015 (The Money Show).

Held at the Grand Connaught Rooms in Covent Garden, our company founder, Rob Colville, was invited to deliver a 45 minute lecture at the sell-out event, which discussed to delegates how they too can transform their trading into a carefree, relaxing hobby.

The lecture was co-hosted by Jitan Solanki, co-founder of The Lazy Trader’s sister brand, TradeVest, who also presented to both market newcomers and seasoned professionals alike.

The presentation: How to transform your trading into A carefree, relaxing hobby, was packed full of information, including:

  • The problem - Why most retail traders blow up their accounts and give up
  • The step-by-step solution - How to copy the winning minority
  • How you too can become a “lifestyle trader”
  • How to condition a winning mind-set
  • Real time market analysis and opportunity seeking

Not only did this opportunity give the Team Lazy Trader an opportunity to mingle with both existing and prospective clients, they were also able to enjoy the enthusiasm and energy of both attendees and fellow exhibitors alike.

On stage at The Money Show: Team Lazy Trader featured alongside fellow industry experts:

  • Lex Van Dam
  • Rob Hoffman
  • David Norman
  • Alex Spiroglou
  • Gavin Holmes

Already a prolific contributor to The Money Show’s globally acclaimed website, we look forward to continuing to add value while continuing to deliver our mission statement: to ethically mentor private investors how to become profitable and successful traders from only a few minutes work a day.

We have made our seminar slides available to attendees - please email our friendly Client Services team (info[at]thelazytrader[dot]com) who will be happy to assist you in obtaining your free copy.

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