About the Author: Gabriel Grammatidis is a successful full-time trader and graduate of the Super Trader program. He has extensive experience trading Forex and shares his knowledge at his Forex and Live Forex Trading workshops, held regularly at VTI.
Read about the system – System 1: Busted Breakout. Learn more about the flexibility that Forex offers you by watching a video segment from the workshop (What is the reality of Forex trading?). You can see some practical example videos of the system trades on Gabriel’s website, IntuFX.com.
For more information on the Busted Breakout psychological dynamics see his article in the Traders’ magazine. Gabriel can be reached at gabriel “at” vantharp.com.
Last month, we were introduced to 12 Key Success Factors (KSFs), determined by Gabriel, after 15 years of coaching traders at every level. Today, we hear from five such traders for whom these factors have been crucial in reaching trading consistency. In these video interviews, we’ll hear which KSFs were most important to each individual trader and why. Trader Panel Talk: Petra, Claudio, Samuel and David Trading Buddies: Darren and David
12 Key Success Factors to Become a Consistent Trader Within a Year or Less Part II By, Gabriel Grammatidis
Last week, in Part 1 of Gabriel’s article series, we learned six of his 12 Key Success Factors using the metaphor of “The Autobahn”. Constructing the Autobahn needs planning and preparation well in advance by making its surface smooth and broad enough, by straightening the path and by taking the roadblocks out of the way so that a racing car can eventually go at lightning speed. Over the last 15 years coaching traders, Gabriel came up with a dozen very important factors – the Key Success Factors (or KSFs) –
12 Key Success Factors to Become a Consistent Trader Within a Year or Less Part 1 By, Gabriel Grammatidis
With more than 35 years of trading experience, I’ve had the privilege to teach and coach thousands of traders at the Van Tharp Institute. Some traders succeed quickly, some require a bit more time, while others struggle their way through. I came to understand what is really important—or moreso—crucial to in order to develop into a great trader within less than a year. To shortcut your trader development journey (for most it takes >10 years) I am a big proponent of a dynamic learning environment to trigger exponential skill growth. Let’s
Patterns and charts tell a story. And the better the story it tells, the better the trade quality. In this video, Gabriel nicely shows how he reads the charts and how a rule-based discretionary trader can apply discretion when reading trading charts. By evaluating positives and negatives of a trade, a discretionary decision can be taken to choose the price level for entering a trade. Watch now as Gabriel talks us through a practical example: YM (Dow Jones) Futures opportunity Long on the 240min chart.
US Equities have a bullish outlook this month. Breaking important levels and resuming their prior uptrends, indicates an end of the multi-months consolidation phase. We see important price action events in the Gold and USD Index and a potential resumption in uptrends, too.
Editor’s Note: Today’s feature is material from a past article. We all play “Games” in different areas of our lives. There is the game of work that follows certain rules for moving up the career ladder. There is the education game we follow to earn good marks to then get a good job. There is also a wealth game, a health game, a politics game, etc. The capital markets are no different. Markets represent a big trading game with some players winning huge amounts of money and others losing huge
The Markets are moving! Is this phase 2 of the Commodity Super Cycle? Our Monthly Futures Trend Scan nicely shows how markets are lining up for another explosive leg higher within this early stage Commodity Super Cycle. US Equities have shown good follow-through coming out of several higher timeframe Gecko S1 patterns. There are actually three S1 patterns – one embedded within the other – which adds triple pressure to the upside. Metals and Energies are bullish, probably waiting for another strong sell-off event before the markets bottom out. Natural
Having coached many traders over the years, one of the recipes for success is to follow the “path of least regret.” However, human nature struggles with that concept as we typically go for perfection, trying to overachieve to feel good about ourselves. This keeps the trader in a state of frustration, leading to FOMO (fear of missing out) and revenge trading. To trade well, you want to follow and trade according to the path of least regret! How is this done? Let’s take the example of Setting Trading R-Goals. This
Scanning for trends, we see that US Equities look quite bullish (YM), especially as we get more confirmation from ES and NQ. Over the last couple of weeks, Metals already showed good bullish moves, but we might see another sell-off to regain more strength for a multi-year uptrend. In Energies, Crude Oil (CL) looks to have the most bullish potential as it seems forming an important low before another leg higher. Natural Gas trying to find a multi-year bottom. Both the USD Index (DX) and the Interest Rates Futures offer