Posts Tagged ‘Comments from futures traders’
If your work isn’t working…here’s a solution from Simon Townshend
I doubt many traders would disagree with me when I say “This is tough!” In fact this is about as bad as I have ever seen it for short term trading and understandably many traders are feeling disillusioned. There is every reason to feel disillusioned, it is our job to trade but the markets are not conducive to providing payment for our efforts.
But there are two reasons to keep our spirits up as much as possible: There is a simple formula for working through such times, and Better times are on the way
Simon’s survival formula Read the rest of this entry »
Simon’s Eureka Moment
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Combining Disparate Timeframes – Simon shows how
A popular topic in trading circles is the use of multiple timeframes.
Lots of traders like to use more than one timeframe to support their hypotheses and used properly such techniques can have considerable benefits.
However most proponents use relatively similar timeframes and in my opinion in doing so they are missing the true value of such an approach.
I like to use truly disparate timeframes, ones that are radically different to each other.
Copper last week gave us a timely example of this, so let’s use a real life example to illustrate the power of this often misunderstood concept. We will start with a daily chart of copper…
Our strategy gave us a buy signal at Read the rest of this entry »
Simon Says – Perception is not always reality – but can be a real risk to performance!
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Simon Says – Slump Busting (Part Two) …putting theory into practice
Last time we discussed the theory of climbing back out of a dip having avoided the bulk of the drawdown that might have otherwise been experienced. During the recovery the aim is to increase size quickly in order to Read the rest of this entry »
Simon Says – Slump Busting (Part One)
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Simon Says – Managing Through Adversity
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Simon Says – The storm clouds are gathering
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Simon Says: Leave the gambling to the customers!
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How long do bear markets last? by Simon Townshend
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Developing A Trading Strategy
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The Why and How of using a Trading Simulator
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