Lecture Notes: Trading Seminar

Introduction

• Welcome to new students.
• Personal anecdote about experiencing a storm at the beach, leading to a story about saving starfish.
• Emphasis on the significance of individual actions.
• Encourage students to focus solely on this training for the next four days.

Objectives

• This is the final forex market training needed.
• Importance of becoming part of a trading community.
• Warning against seeking advice outside of the group.
• Commitment to student success.

Trading Strategy Overview

• No Trading This Week: Stop trading for a few days to clear judgment.
• New Approach: Introduction of market maker biases.
• Challenge to Beliefs: Discard previous market knowledge.
• Keep an Open Mind: Follow the training without mixing systems.

Class Structure

• Break every hour for 5-10 minutes.
• Write your own notes; no textbooks provided.
• Retake students should avoid premature questions.
• Homework is key to success.
• Email for questions and homework submission: [email protected]

Market Maker Strategy

• Market Maker Objectives:

  • Induce traders to take positions through circular trading and false signals.
  • Create panic and fear to cause irrational trading.
  • Ultimately, aim to pocket traders' money.

• Market Maker Tools:

  • Re-quoting orders, triggering stops, manipulating spreads.
  • Control high/low prices to influence trader actions.

Trading Psychology and Behavior

• Session Patterns:

  • False moves at session beginnings and ends.
  • Trap trades during sessions.

• Weekly Cycle:

  • Week starts with initial false moves.
  • Expect midweek reversals.
  • Cycles of rise and fall over three days.

Technical Details

• Understanding Levels:

  • Three levels of rise/drop over several days.
  • Intraday patterns that mirror larger cycles.

• Timing and Sessions:

  • Crucial to recognize session timings (5 PM reset, session openings).

• Key Strategies:

  • Stop-hunt high/low formations.
  • Avoid counter-trend trading at certain levels.
  • Recognize "straightaway" moves as warning signs.

Practical Application

• Homework:

  • Analyze EUR/USD and GBP/USD charts.
  • Label market behavior patterns from lessons.

• Classroom Etiquette:

  • Be courteous, and allow space for all to learn at their pace.
  • Engage with fellow students in the forum.

Conclusion

• Key Takeaway: Focus on understanding market maker behavior rather than traditional technical analysis.
• Next Steps: Email questions and homework for evaluation.
• Join the Community: Fully engage with the trading group to ensure success.