Showing posts with label Trading Education. Show all posts
Showing posts with label Trading Education. Show all posts
Tuesday, July 7, 2020
The VWAP Handbook
NEW material for our coummunity is available. Discover the new VWAP handbook which shows the basic function of this indicator and further more various common scenarios on which we could lean on. A great addition to our TPO profile handbook to look for confluence between these two important tools in our trading methodology.
Wednesday, September 9, 2015
Moving Averages - Trading Education
We would like to share with you one article from our trading educational content about Moving Averages. We hope this article can give you a better insight into how we actually using Moving Averages without any "MA cross concepts".
The moving averages are a key higher time frame reference. We realize that they are not a part of the traditional Auction Market Theory process but they are heavily watched amongst the big players and are a great gauge of the current market conditions. We prefer to use the Exponential Moving Averages (EMA) over the Simple Moving Averages (SMA) because they are more dynamic (engaged) and provide a smoother perspective. Either moving average type will work and it comes down to preference but like we said, we prefer the EMAs because of the dynamic engagement of price. EMAs respond faster to price changes than SMAs. Additionally, we prefer to use the EMAs on a daily chart to see a good medium of all the time frames. You can of course use smaller or larger chart periods and as always, come down to personal preference.
We utilize the following EMAs and break them down into short term trends and long term trends:
When the market is trending, it will be supported by the 5, 10 and on larger pullbacks, 20 EMAs. When price touches these averages, we’ll often see either buying or selling come into the market with the respective direction of the trend.
In the following example, you can see how price is affected by each average given the market’s context. The red boxes we’ve drawn on here are pointing out what we would call short term trends or moves that find support or resistance at the 5, 10 and 20 EMAs. These averages will see reaction from the shorter to medium term time frame market participants.
Longer term trends will be supported at the larger time frame references as we mentioned, the 50, 100 and 200 EMAs. These levels are where you will see higher time frame participants’ reactions.
So the idea in using these averages is just to build on another layer of context and reference in the overall top down technical analsis process. Or more importantly, see what the higher time frame traders are referencing in the current market’s structure. You of course can marry these levels in with your other references to identify key confluence areas for potential trade locations.
The basics of the use of moving averages we imagine would be known with a majority of people on here but for those that don’t know how they work and their general uses of them or rules if you will, here’s a quick primer.
The moving averages are a key higher time frame reference. We realize that they are not a part of the traditional Auction Market Theory process but they are heavily watched amongst the big players and are a great gauge of the current market conditions. We prefer to use the Exponential Moving Averages (EMA) over the Simple Moving Averages (SMA) because they are more dynamic (engaged) and provide a smoother perspective. Either moving average type will work and it comes down to preference but like we said, we prefer the EMAs because of the dynamic engagement of price. EMAs respond faster to price changes than SMAs. Additionally, we prefer to use the EMAs on a daily chart to see a good medium of all the time frames. You can of course use smaller or larger chart periods and as always, come down to personal preference.
We utilize the following EMAs and break them down into short term trends and long term trends:
Short Term:
5 EMA
10 EMA
20 EMA
Long Term:
50 EMA
100 EMA
200 EMA
When the market is trending, it will be supported by the 5, 10 and on larger pullbacks, 20 EMAs. When price touches these averages, we’ll often see either buying or selling come into the market with the respective direction of the trend.
In the following example, you can see how price is affected by each average given the market’s context. The red boxes we’ve drawn on here are pointing out what we would call short term trends or moves that find support or resistance at the 5, 10 and 20 EMAs. These averages will see reaction from the shorter to medium term time frame market participants.
Longer term trends will be supported at the larger time frame references as we mentioned, the 50, 100 and 200 EMAs. These levels are where you will see higher time frame participants’ reactions.
So the idea in using these averages is just to build on another layer of context and reference in the overall top down technical analsis process. Or more importantly, see what the higher time frame traders are referencing in the current market’s structure. You of course can marry these levels in with your other references to identify key confluence areas for potential trade locations.
The basics of the use of moving averages we imagine would be known with a majority of people on here but for those that don’t know how they work and their general uses of them or rules if you will, here’s a quick primer.
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
Learn more about our trading educational content on our trading community.
Learn more about our trading educational content on our trading community.
Thursday, March 19, 2015
Trading Education, Products and Services
As there are some inquiries about our trading education products and services as well as speculations about the fees etc. we thought to post here a quick summary about everything to better understand the various membership levels that we offer for you.
Firstly, here the introduction from our About page:
With that said, let's elaborate the numerous membership levels that are available to access different areas of our trading community:
Free Membership
With this first level you can test our forum to get a feel for our trading community. You will have access to some threads and you can read Trading Journals from other Free Members as well as create your own with some constructive Feedback from The Private Banker or other members.
Elite Membership
This second level of membership allows you to access every thread on the community except the premium education sections. Additionally you will be able to download our chart templates for Sierra Chart or NinjaTrader, including the several tools such as VWAP, Footprint, TPOs and other valuable tools. For the NinjaTrader TPOs you may need to subscribe to a third parties named Fin-Alg. Sierra Chart offers you with the 5th package all the tools you will need.
Besides of access to almost all threads and the downloadable chart templates you are able to read several Trading Journals and Educational Market Reports from The Private Bankers as well as from the several members on our trading community. You can access the Live Market Discussion Area (Chat Room) to discuss with The Private Banker and other members about the actual state of the markets.
As elite member you will have access to a huge collection of informations about AMT (Auction Market Theory), Trading Platforms and Data Feeds, Trading Journals, Educational Market Reports and much more for a one-time fee of £74.99 GBP.
Premium Membership
With the highest level of membership you will have access to the premium educational sections as well as to all other threads.
The Premium Trading Education Sections provides easy to follow presentations discussing the specific underlying educational sections. The idea is to learn more of the fundamentals, then learn about risk before learning about the trading segment. Once you move into the Trade Methodology, you're getting up to speed on everything and moving on to the Performance Tracking section. You can then start to structure a business to plan for your long term wealth creation. It covers also our Top Down Technical analysis process to understand the overall market structure and to identify the path of least resistance. With the various tools you will learn to take trades with logical stop as well as target placements.
As the elite member you can also download the chart templates and tools we use in our daily trading and analysis. Of course you will have access to all elite journals, market reports and the live market discussion room. You can read the written educational pieces or watch the available presentations anytime anywhere. All this is available for a one-time fee of £999.00 GBP.
Other Services
To get a impression of our work you can follow our Twitter Feed, read our free to access Trading Glossary with various terms we use in our trade methodology, reading this blog (make sure to subscribe per email ;-) or explore some feebacks from our valuable members.
Summary
With all that said, there is only a one-time (Elite or Premium) fee to access our trading community without any other hidden fees from our part.
Create an Account
The process of creating an account is very simple. Visit the Sign-Up page and choose the membership level you want to buy:
Fill out the simple form with username, name, password and email address, read and agree our Terms & Conditions and click Register:
You can use PayPal (also without PayPal account possible) to pay your one-time fee and everything is done.
Questions
Please let us know if you have any issues or questions anytime via email:
contact[at]leprivatebanker[dot]com
We will response more than happy as soon as possible.
Firstly, here the introduction from our About page:
The Private Banker provides his education content in a combined online community approach. In this way the client is able to learn with like-minded traders and in their own pace. The included premium education sections are a step-by-step based program to learn more of the fundamentals, then learn about risk before learning about the trading segment. In this mentioned process the trader can share ideas, discussing the underlying topics as well as journal the daily progress with the methodology altogether on one simple place. Additionally The Private Banker contribute the necessary chart templates, tools, platform set-up help and educational market analysis within the community as well.
This education based online community is available in three different access levels: Free Membership, Elite Membership and Premium Membership. You can learn more about the vaiours access areas visiting our Education page.
With that said, let's elaborate the numerous membership levels that are available to access different areas of our trading community:
Free Membership
With this first level you can test our forum to get a feel for our trading community. You will have access to some threads and you can read Trading Journals from other Free Members as well as create your own with some constructive Feedback from The Private Banker or other members.
Elite Membership
This second level of membership allows you to access every thread on the community except the premium education sections. Additionally you will be able to download our chart templates for Sierra Chart or NinjaTrader, including the several tools such as VWAP, Footprint, TPOs and other valuable tools. For the NinjaTrader TPOs you may need to subscribe to a third parties named Fin-Alg. Sierra Chart offers you with the 5th package all the tools you will need.
Besides of access to almost all threads and the downloadable chart templates you are able to read several Trading Journals and Educational Market Reports from The Private Bankers as well as from the several members on our trading community. You can access the Live Market Discussion Area (Chat Room) to discuss with The Private Banker and other members about the actual state of the markets.
As elite member you will have access to a huge collection of informations about AMT (Auction Market Theory), Trading Platforms and Data Feeds, Trading Journals, Educational Market Reports and much more for a one-time fee of £74.99 GBP.
Premium Membership
With the highest level of membership you will have access to the premium educational sections as well as to all other threads.
The Premium Trading Education Sections provides easy to follow presentations discussing the specific underlying educational sections. The idea is to learn more of the fundamentals, then learn about risk before learning about the trading segment. Once you move into the Trade Methodology, you're getting up to speed on everything and moving on to the Performance Tracking section. You can then start to structure a business to plan for your long term wealth creation. It covers also our Top Down Technical analysis process to understand the overall market structure and to identify the path of least resistance. With the various tools you will learn to take trades with logical stop as well as target placements.
As the elite member you can also download the chart templates and tools we use in our daily trading and analysis. Of course you will have access to all elite journals, market reports and the live market discussion room. You can read the written educational pieces or watch the available presentations anytime anywhere. All this is available for a one-time fee of £999.00 GBP.
Other Services
To get a impression of our work you can follow our Twitter Feed, read our free to access Trading Glossary with various terms we use in our trade methodology, reading this blog (make sure to subscribe per email ;-) or explore some feebacks from our valuable members.
Summary
With all that said, there is only a one-time (Elite or Premium) fee to access our trading community without any other hidden fees from our part.
Create an Account
The process of creating an account is very simple. Visit the Sign-Up page and choose the membership level you want to buy:
Fill out the simple form with username, name, password and email address, read and agree our Terms & Conditions and click Register:
You can use PayPal (also without PayPal account possible) to pay your one-time fee and everything is done.
Questions
Please let us know if you have any issues or questions anytime via email:
contact[at]leprivatebanker[dot]com
We will response more than happy as soon as possible.
Tuesday, February 3, 2015
Open Interest And COT Report
Every Firday we should consider a look into the CFTC Commitments of Traders report out of affirmation purposes. Here is a short description about the COT report:
Important to point out are the release dates of this reports as well:
With that, we know the reports provide informations of each Tuesday's (weekly) open interest and usually relased on a Friday. But what is open interest?
Open Interest
For the sake of simplicity 'open interest' could also be referred as a trader's open position that are not closed or delivered on a particular day. Here the defination from CFTC:
Example:
Day 1: Trader S buys 1 contract and R sells 1 contract = 1 Open Interest
Day 2: Trader Y buys 3 contracts and X sells 3 contracts = 4 Open Interest
Day 3: Trader X buys 1 contract and S sells 1 contract = 3 Open Interest
Note: X closed one short position of his 3 shorts and S closed his long position, while Y still holds three open long positions and R one short position. So, we have three open longs and three open shorts in the market makes a open interest of 3 as the total of all long open interest is equal to the total of all short open interest.
What is volume then?
Volume is the number of business done in a particular market during a given period of time. It is the measure of activity between sellers and buyers. So, from the previous example the volume during the days are:
Day 1: 1 volume
Day 2: 3 volume
Day 3: 1 volume
Three days volume: 5
COT Reports
Back to the subject COT Report and looking on the CFTC website's list, we can see several reports for the various market sectors splitted in a Long or Short Format as well as Futures only and Futures and Options Combined makeup:
Let's assume we would like to analyze the report for the WTI Crude oil market (Petroleum and Products). Firstly we consider to keep an eye on the Futures and Options Combined Long Format report. Secondly we combine the NYMEX and ICE data. Why? Why should we leave out all the beautiful data and looking only at some Futures data?
Here is a screenshot form the COT report for WTI Crude oil with the week ended January 27, 2015. Tip: You can use CTRL+F to find the Crude Oil section rather than scrolling around.
Put the two together, we can see a open interest of 3,298,086. You should keep the closest attention to the 'Managed Money' section as this represents professional related guys such as hedge funds. Now with looking at this, we can observe an increase by 13,067 long positions and an increase by 10,025 short ppositions (NYMEX + ICE). This makes a managed money net buying of 3,042 long contracts in the week ended January 27, 2015. Additionally we can see that the managed money is positioned more to the long side with a ratio of 3:1.
It will be interesting to see the number of closed short positions in the next report that will be released on this Friday. Because of all the short covering and stop runs the number should be huge. We'll see.
Anyway, stay open minded and happy as success is a habit!
The Commitments of Traders (COT) reports provide a breakdown of each Tuesday’s open interest for markets in which 20 or more traders hold positions equal to or above the reporting levels established by the CFTC.
Important to point out are the release dates of this reports as well:
The Commitments of Traders reports are released at 3:30 p.m. Eastern time. The Futures Only reports and Futures and Options Combined reports are usually released on Friday. The release usually includes data from the previous Tuesday. Federal holidays may delay release by one or two days.
With that, we know the reports provide informations of each Tuesday's (weekly) open interest and usually relased on a Friday. But what is open interest?
Open Interest
For the sake of simplicity 'open interest' could also be referred as a trader's open position that are not closed or delivered on a particular day. Here the defination from CFTC:
Open interest is the total of all futures and/or option contracts entered into and not yet offset by a transaction, by delivery, by exercise, etc. The aggregate of all long open interest is equal to the aggregate of all short open interest.
Example:
Day 1: Trader S buys 1 contract and R sells 1 contract = 1 Open Interest
Day 2: Trader Y buys 3 contracts and X sells 3 contracts = 4 Open Interest
Day 3: Trader X buys 1 contract and S sells 1 contract = 3 Open Interest
Note: X closed one short position of his 3 shorts and S closed his long position, while Y still holds three open long positions and R one short position. So, we have three open longs and three open shorts in the market makes a open interest of 3 as the total of all long open interest is equal to the total of all short open interest.
What is volume then?
Volume is the number of business done in a particular market during a given period of time. It is the measure of activity between sellers and buyers. So, from the previous example the volume during the days are:
Day 1: 1 volume
Day 2: 3 volume
Day 3: 1 volume
Three days volume: 5
COT Reports
Back to the subject COT Report and looking on the CFTC website's list, we can see several reports for the various market sectors splitted in a Long or Short Format as well as Futures only and Futures and Options Combined makeup:
Let's assume we would like to analyze the report for the WTI Crude oil market (Petroleum and Products). Firstly we consider to keep an eye on the Futures and Options Combined Long Format report. Secondly we combine the NYMEX and ICE data. Why? Why should we leave out all the beautiful data and looking only at some Futures data?
Here is a screenshot form the COT report for WTI Crude oil with the week ended January 27, 2015. Tip: You can use CTRL+F to find the Crude Oil section rather than scrolling around.
Put the two together, we can see a open interest of 3,298,086. You should keep the closest attention to the 'Managed Money' section as this represents professional related guys such as hedge funds. Now with looking at this, we can observe an increase by 13,067 long positions and an increase by 10,025 short ppositions (NYMEX + ICE). This makes a managed money net buying of 3,042 long contracts in the week ended January 27, 2015. Additionally we can see that the managed money is positioned more to the long side with a ratio of 3:1.
It will be interesting to see the number of closed short positions in the next report that will be released on this Friday. Because of all the short covering and stop runs the number should be huge. We'll see.
Anyway, stay open minded and happy as success is a habit!
Sunday, February 1, 2015
Weekly Crude Oil Educational Market Report
Welcome to February! The weekly educational Crude Oil (Contract: CLH5) market report for for the Close of January 30, 2015 has been posted on our trading community. All members with an elite membership have free access to this reports every week. The report covers a weekly summary, market analysis, some thoughts about the COT report and with potential scenarios for the next week.
We have to point out that this report is simply an educational observation of the market and is not to be construed as investment or trading advice.
Go to the crude oil educational market report >>
We have to point out that this report is simply an educational observation of the market and is not to be construed as investment or trading advice.
Go to the crude oil educational market report >>
Wednesday, January 21, 2015
Crude Oil Educational Market Report (Year)
We hope you got already a chance to take a look into our Crude Oil educational Yearly market report for the close of December 31, 2014. With an elite membership you will have easy access to that educational report as well as for the upcoming reports.
The educational reports give you an overview of our top down process in use with various tools on a specific market alongside with thoughts about several potential scenarios. The idea is to show you our understanding to find the path of least resistance in "realtime" for a current market combined with potential scenarious to simplify and speed up your learning curve. Please note that you will have the most benefit paired with the premium educational sections.
To keep things organized we are posting all our educational reports in one locked thread on our trading community. Currently all reports are free for community members with an elite membership.
Go to the Educational Market Reports
The educational reports give you an overview of our top down process in use with various tools on a specific market alongside with thoughts about several potential scenarios. The idea is to show you our understanding to find the path of least resistance in "realtime" for a current market combined with potential scenarious to simplify and speed up your learning curve. Please note that you will have the most benefit paired with the premium educational sections.
To keep things organized we are posting all our educational reports in one locked thread on our trading community. Currently all reports are free for community members with an elite membership.
Go to the Educational Market Reports
Monday, December 15, 2014
Crude Oil Educational Market Analysis Report
We are glad to provide you a sneak peek in one of our new projects: Educational Market Reports. The weekly educational reports cover a summary of the week with various analysis tools like VWAP or the TPO profile and potential scenarios for the week ahead. The reports are available for our community traders with an elite membership.
Here is the Crude Oil Weekly Report for the Close of November 21. 2014 as PDF file: Educational Crude Oil Market Report
Please Notice: This Report is simply an educational observation of the market and is not to be construed as investment or trading advice.
The current Educational Market Analysis for the Close of December 12. 2014 is available on The Private Banker Community:
Here is the Crude Oil Weekly Report for the Close of November 21. 2014 as PDF file: Educational Crude Oil Market Report
Please Notice: This Report is simply an educational observation of the market and is not to be construed as investment or trading advice.
The current Educational Market Analysis for the Close of December 12. 2014 is available on The Private Banker Community:
Thursday, October 30, 2014
Risk Management - Psychological Risk - Emotional Trading
Here is an excerpt from our premium membership content about Risk Management. It is the 'Emotional Trading' part out of the Psychological Risk section:
Emotional Trading
As I've said before, emotions have no business in trading. This is an incredibly hard concept to overcome and a majority of traders battle with this forever. It doesn't have to be that way though. We can overcome this through some simple planning before and after each session while maintaining a logical perspective on what we're doing.
Some thoughtful ways to overcome this would be the following:
- Have a game plan before each trading session.
- Make sure your risk is clearly defined before taking the trade.
- If you make an impulsive trade, get out and collect yourself. No need to continue in the trade.
- If you make continued impulsive mistakes, keep a list of them in front of you so that you're always aware of them.
- Don't trade your PnL. There's no need to stare at your PnL all day. You need to focus on the process not the outcome. Trading is not about money.
- If you're having a bad day, have a cut off point. Shut everything down and come back later after the market is closed to analyze what happened and learn from it. You can then come back the next session fresh and educated.
- Balance. Having some sort of interest in your life beyond trading is so important. You need to have a balanced lifestyle and by doing that, your mind does not place too much emphasis on your day-to-day trading. What I mean by that is, if you're sitting at your workstation all day and putting all of your emphasis on trading, you will tend to have a hard time accepting when you're wrong. Alternatively, if you just follow through the daily process of trading but also have other things in your life, your emphasis becomes more balanced.
----------------------
Risk Management Overview:
- Financial Risk
- Technology Risk
- Settlement Risk
- Disaster Risk
- Opportunity Risk
- Event Risk
- Psychological Risk
- Tactical Risk Management
Learn more on our website.
Emotional Trading
As I've said before, emotions have no business in trading. This is an incredibly hard concept to overcome and a majority of traders battle with this forever. It doesn't have to be that way though. We can overcome this through some simple planning before and after each session while maintaining a logical perspective on what we're doing.
Some thoughtful ways to overcome this would be the following:
- Have a game plan before each trading session.
- Make sure your risk is clearly defined before taking the trade.
- If you make an impulsive trade, get out and collect yourself. No need to continue in the trade.
- If you make continued impulsive mistakes, keep a list of them in front of you so that you're always aware of them.
- Don't trade your PnL. There's no need to stare at your PnL all day. You need to focus on the process not the outcome. Trading is not about money.
- If you're having a bad day, have a cut off point. Shut everything down and come back later after the market is closed to analyze what happened and learn from it. You can then come back the next session fresh and educated.
- Balance. Having some sort of interest in your life beyond trading is so important. You need to have a balanced lifestyle and by doing that, your mind does not place too much emphasis on your day-to-day trading. What I mean by that is, if you're sitting at your workstation all day and putting all of your emphasis on trading, you will tend to have a hard time accepting when you're wrong. Alternatively, if you just follow through the daily process of trading but also have other things in your life, your emphasis becomes more balanced.
----------------------
Risk Management Overview:
- Financial Risk
- Technology Risk
- Settlement Risk
- Disaster Risk
- Opportunity Risk
- Event Risk
- Psychological Risk
- Tactical Risk Management
Learn more on our website.
Sunday, October 19, 2014
Premium Trading Education: Periodicity Hierarchy
Here is an example of the premium content from The Private Banker Educational Section. It is the first article in the Top Down Technical Analysis section and we hope you can enjoy it:
Periodicity Hierarchy
When looking at the markets, its incredibly important to assign a filter process to better understand what the larger picture is showing vs. the smaller picture. This will obviously provide you with the path of least resistance but also help you understand what the market is attempting to do overall. For example, when determining the market's overall state, what would be best used to see that? An intra-day chart or a bigger picture chart such as a Monthly bar chart? Sure, an intra-day chart will give you immediate information but it won't tell you what the overall market is attempting to do. The important thing to remember is big money moves more in step with what the bigger picture is telling us which is why its so important to have a sense of what is happening on this level.
So the hierarchy I like to assign to my top down filter process just from a pure bar chart periodicity is the following:
1. Yearly Bars
2. Quarterly Bars
3. Monthly Bars
4. Weekly Bars
5. Daily Bars
6. Larger Time and Volume based bars such as 240 minute (4 hours), 500k volume and 100k volume. These vary based on each market but for this example, we will use the ES and SPX (cash index).
Here's a comparison of the hierarchy I've just outlined using the S&P 500 cash index:
Yearly Bars
Quarterly Bars
Monthly Bars
Weekly Bars
Daily Bars
240 Minute Bars
As you can see, the context of each period provides you with different references as you zoom in closer but it also helps you identify the path of least resistance. So with that being said, I will walk through in the coming sections, how I actually interpret this information and use these time frames in a top down analysis using various tools and concepts to gain a sense of what the market is doing. Although this first section is very general and short in explanation, the importance is key and I highly recommend you revisit this hierarchy going forward.
Learn more on the Private Banker Trading Community
Periodicity Hierarchy
When looking at the markets, its incredibly important to assign a filter process to better understand what the larger picture is showing vs. the smaller picture. This will obviously provide you with the path of least resistance but also help you understand what the market is attempting to do overall. For example, when determining the market's overall state, what would be best used to see that? An intra-day chart or a bigger picture chart such as a Monthly bar chart? Sure, an intra-day chart will give you immediate information but it won't tell you what the overall market is attempting to do. The important thing to remember is big money moves more in step with what the bigger picture is telling us which is why its so important to have a sense of what is happening on this level.
So the hierarchy I like to assign to my top down filter process just from a pure bar chart periodicity is the following:
1. Yearly Bars
2. Quarterly Bars
3. Monthly Bars
4. Weekly Bars
5. Daily Bars
6. Larger Time and Volume based bars such as 240 minute (4 hours), 500k volume and 100k volume. These vary based on each market but for this example, we will use the ES and SPX (cash index).
Here's a comparison of the hierarchy I've just outlined using the S&P 500 cash index:
Yearly Bars
Quarterly Bars
Monthly Bars
Weekly Bars
Daily Bars
240 Minute Bars
As you can see, the context of each period provides you with different references as you zoom in closer but it also helps you identify the path of least resistance. So with that being said, I will walk through in the coming sections, how I actually interpret this information and use these time frames in a top down analysis using various tools and concepts to gain a sense of what the market is doing. Although this first section is very general and short in explanation, the importance is key and I highly recommend you revisit this hierarchy going forward.
Learn more on the Private Banker Trading Community
Tuesday, August 26, 2014
Futures Trading Education
The futures trading education from The Private Banker is a four steps needs based written as well as video documented program on helping traders establish a solid base of understanding the markets and identifying trade opportunities while effectively managing risk through the use of various analytical tools and structural references. This is an advanced institutional level approach to trading which is centered around the Auction Market Theory process, and other closely related concepts so, it is not a paint by numbers/buy green, sell red type of trading. Anyway, the methodology is simplified for the sake of comprehension.
With that being said, here is an overview of the topics covered in this educational program:
Step 1: Top Down Technical Analysis
In this important first section you can learning how to look at the markets from a larger scale into a smaller scale. We employ the top down (macro to micro) technical analysis to understand the overall market structure and the path of least resistance. It is a filter procss to not only understand the path of least reistance but to understand what the market is telling us, and bring that into an intra-day and swing trade thesis. To listen and read the market "story" we utilize various chart time periods to look at the market first from a zoomed out perspective and bring this in to an intra-day level with several tools like Price Channels, VWAPs and Moving Averages to help in understanding this accurately. It is essential to achieve the abillity to be aware of a balanced or imbalanced market conditions on various time frames.
Step 2: Risk Management
In this educational section there will be a discussion around risk management and ways to appropriately handle risk. The goal of this section is to remind you of the common pitfalls in trading and ways to overcome them, as well as show you how to approach risk from a professional perspective. Traders face a variety of risks well beyond the thought of taking a stop loss. This would include for example Financial Risk, Technology Risk, Opportunity Risk, Event Risk, Psychological Risk and some more. A trading method should really be centered around risk management over anything else because it is perhabs the most important element in our day-to-day trading. Subsequently we then move into risk management while executing trades including reasonable stop placements.
Step 3: Trade Methodology
In this section you will actually learn how we trade with various tools like the TPO profile, Footprints and other nuances. We cover some general filters we apply on each session that are then paired with our game plan and overall market context. This includes topics about the diffrent TPO shapes, initial balance, layering, measuring the success or failure of a trade and other significant elements in our trading. Additionally to all this covered written topics we provide an in-depth volume at price presentation to get familiar with the footprint chart. By the way at this point we declare that it is crucial to read and understand the previous two sections before you move into this piece of educational content.
Step 4: Performance Tracking and Planning
In our last piece of educational content you will learn how to measure your trading performance in a professional non-emotional way with ready to download Performance Tracking Spreadsheets.
In summary we teaching our community members to view the market as an institutional trader as opposed to a retail trader. Also furthermore we provide you with our chart templates and various indicators we use in our daily trading. Take what works best for you and apply it to your own unique way of trading because we think trading needs to be unique to the individual. Reason being, people will inherently process information differently.
This four step educational program is available with a membership on our bespoke trading community specifically for professional and aspiring to be professional traders that utillize or are interested in learning The Private Banker concepts as a foundation to their trading and investment management.
Thank you for reading this post. We looking forward to see you on our trading community.
The Private Banker
With that being said, here is an overview of the topics covered in this educational program:
Step 1: Top Down Technical Analysis
In this important first section you can learning how to look at the markets from a larger scale into a smaller scale. We employ the top down (macro to micro) technical analysis to understand the overall market structure and the path of least resistance. It is a filter procss to not only understand the path of least reistance but to understand what the market is telling us, and bring that into an intra-day and swing trade thesis. To listen and read the market "story" we utilize various chart time periods to look at the market first from a zoomed out perspective and bring this in to an intra-day level with several tools like Price Channels, VWAPs and Moving Averages to help in understanding this accurately. It is essential to achieve the abillity to be aware of a balanced or imbalanced market conditions on various time frames.
Step 2: Risk Management
In this educational section there will be a discussion around risk management and ways to appropriately handle risk. The goal of this section is to remind you of the common pitfalls in trading and ways to overcome them, as well as show you how to approach risk from a professional perspective. Traders face a variety of risks well beyond the thought of taking a stop loss. This would include for example Financial Risk, Technology Risk, Opportunity Risk, Event Risk, Psychological Risk and some more. A trading method should really be centered around risk management over anything else because it is perhabs the most important element in our day-to-day trading. Subsequently we then move into risk management while executing trades including reasonable stop placements.
Step 3: Trade Methodology
In this section you will actually learn how we trade with various tools like the TPO profile, Footprints and other nuances. We cover some general filters we apply on each session that are then paired with our game plan and overall market context. This includes topics about the diffrent TPO shapes, initial balance, layering, measuring the success or failure of a trade and other significant elements in our trading. Additionally to all this covered written topics we provide an in-depth volume at price presentation to get familiar with the footprint chart. By the way at this point we declare that it is crucial to read and understand the previous two sections before you move into this piece of educational content.
Step 4: Performance Tracking and Planning
In our last piece of educational content you will learn how to measure your trading performance in a professional non-emotional way with ready to download Performance Tracking Spreadsheets.
In summary we teaching our community members to view the market as an institutional trader as opposed to a retail trader. Also furthermore we provide you with our chart templates and various indicators we use in our daily trading. Take what works best for you and apply it to your own unique way of trading because we think trading needs to be unique to the individual. Reason being, people will inherently process information differently.
This four step educational program is available with a membership on our bespoke trading community specifically for professional and aspiring to be professional traders that utillize or are interested in learning The Private Banker concepts as a foundation to their trading and investment management.
Thank you for reading this post. We looking forward to see you on our trading community.
The Private Banker
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