Okay peeps, as you will likely know I started a thread in the day trading section of BabyPips, but has I have 2 businesses that I'm currently starting up, I soon realized that I did not have the desired time that I thought I had and needed to run a day trading focused thread, therefore I have decided to start a swing trading thread that will also double into a day trading thread based on the methods I outline here.
This will allow me to operate the thread as and when I have time to do so rather than it being a daily occurrence or chore.
I have already gave my background in Financial Trading, I was a professional trader for CitiGroup and BNP Paribas for a good few years. But recently I have pursued a few business ventures outside and away from the financial markets such as property development and leasing, and also private aviation leasing. Anyway enough about me as I have told you all about me before on the other thread.
Whats Going To Happen & Not Happen On This Thread
Okay first of all, I'm not going to sit here and fill your boots with signals or trading recommendations that you can run off and place, and I'm certainly not going to change your diaper. Your going to have to think for yourselves, otherwise your just going to become a lazy b*****d and depend on other people when it comes to making trading decisions.
Of course I will be posting trade calls and charts for the purpose of educational material as they set-up. But you will have to combine that with your own though process and analysis, as well as your own decision making.
I will also be running and posting a live real model account based on the analysis and calls I make. Now there may have been or may have not been some confusion before about what a model account is by a few people, a model account based on educational analysis is not set-up to turn a profit or turn over a lose, it is simply used to place every trade that the analysis produces in order to give an overall running recording of the analysis for ALL pairs and markets analyzed.
A serious retail trader will only have 1-3 positions open at any-one time, he/she may have analyzed 10 pairs, but decided to pick in their opinion the best two opportunities to place their money on. Therefore 8 analyzed pairs get binned.
With the model account, and this is the purpose of a "model account"... If I analyze and post 10 charts, the model account will trade all 10 opportunities without bias to strength of analysis, weak/strong.
If the analysis deems that 8 trading opportunities are weak and only 2 are strong, this does not matter as the model account will still place all 10 trading oppetunities in order to keep a profile base on the overall analysis and methods for each pair. I hope you fully understand that?
I will be posting charts here and teaching a few methods on how to swing/day trade the financial markets as well as trading opportunities if any exist before entry is taken, and I will also post the third party tracked myFXbook account so that you can keep an eye on progress.
Okay thats enough from me at the moment, I have some things to take-care of.