Toms day trading is normally focused on indices... DAX/FTSE/DOW/NAS. And he will be in and out of all four markets during the UK and US sessions. Sometimes in all four at once. Swing trading he runs another channel and that is more often currency pairs. The true measure of your growth as a human being is not what you know, but rather what you do with what you know. I don't trade Forex like a roulette game of randomness. If it's randomness, I gamble roulette. For Forex I trade, I see clarity. It's this clarity that give me strong mindset. I was invited by one of the biggest brokers in the world to give a talk about the life of a home trader. They filmed the event, which lasted a few hours. I gave the speech a provocative title:

My life changed after reading that book. It was a wake-up call. I went from being a skateboard-loving football fanatic, to being a focused and driven individual. I had found my calling.My main beef with the many gurus teaching outrageously expensive weekend courses is their outcome focus. They are driving their agenda by the use of external stimuli, such as portraying themselves in a helicopter or on a private jet, and they portray trading as an easy profession to master, or one where there is a secret to be learned, and once in possession of this coveted secret you become your own ATM. Rarely if EVER will these gurus risk their reputation by disclosing their trades in real time. It is always after the fact. We never hear about their losing trades. This gives the illusion that losing is a mere inconvenience you experience from time to time when trading. Full Book Name: Best Loser Wins: Why Normal Thinking Never Wins the Trading Game – Written by a High-Stake Day Trader The book is not a self-help program. It is not a new-age/ask-and-you-will-be-given thing. And it is not intended to solve any of the technical problems that may affect you and your operativity. Correctly understanding how your strategy of choice works, that is your responsibility.

Let’s face it, we can all learn to walk a tightrope suspended one foot off the ground. However, can you walk across that same tightrope when it is suspended 100 feet off the ground? In Liar’s Poker, Lewis describes life as a bond trader during the excesses of the 1980s. In his own words it was meant to serve as a warning to future generations about the gluttony of the finance industry, as well as a warning to young people wanting to work in the financial industry. Judging from how much Tom loves to talk, how articulate he is, to explain his view, make analogies, consolidate concepts, tell stories, and deliver jokes, I have no trouble thinking this work started as a manuscript twice the final size. One can almost feel the struggle between the author and its editor fighting sentence by sentence, to refine it to the current form. How can the trader have a market bias at the time he executes his trade when he sees this market as random, no one can predict the future?Sounds familiar? Of course it does. The market has not singled you out, this is a coping mechanism to rationalize the pain of being wrong and paying for it. So segueing all of this into some charts...and how I use a simple method for looking for high probablitly trades... One of my Sunday rituals and evening rituals when not trading... I will use higher TF charts 4hr and Daily to mark up common measured moves..Which then I can filter down with some entrance criteria or the flipside for a TP area when in a good trade... Always thinking in probabilites...how can I add to a trade ? well if I am in a "swing""measured move" i may be more apt to stay in the trade.... There are many caveats to this..its much more difficult than it looks... but its my way of scaling up certain trades. Do you know the shell of snails follow the golden mean, how do you think it relates to the four wheels below? I don’t agree with that. There are many people who can and who also do. One is not exclusive of the other. Many great do’ers see it as part of their life mission to pass on knowledge to those around them. When I worked at City Index, I might not have been an oracle of technical analysis, but I certainly knew more than most of our clients. For that reason I gave technical analysis lessons most evenings to our clients and the many white label clients that City Index had, such as Barclays Bank, Hargreaves Lansdown and TD Waterhouse.

My answer hung in the air like a morbid joke at a funeral. I had barely finished my verdict before I noticed the death stare from my boss. All these clients were long Marconi and they would go on to lose fortunes. Later that year I was on CNBC and I was asked to do a chart analysis of Marconi. Tom Hougaard says, “People don’t fail because they don’t know enough about technical analysis. They fail because they don’t understand what the markets are doing to their minds.” Best Loser Wins is an antidote to conventional and flawed thinking in trading, and a blueprint for a new belief system for traders who want to elevate their results to levels they never dreamed they could reach. You need to spend specific scheduled and focused time on imagining your desired outcome. You can’t control the enemy, but you can practise your response, so it becomes automated. By doing so, you will de-sensitise your mind to the normal impulses that a normal mind will react to. You will not have the same degree of hesitation as you used to have. You will not feel the same degree of trepidation. Most importantly, you will not encounter the same fear stimuli that a normal brain will because you will have trained the normal fear response out of your mind. “That is why I wrote this book – to describe the path I have taken to get where I am today. Over the last 20 years I have read many books on technical analysis and trading techniques. I personally find most of them boring and pointless. Harriman House Ltd will use the information you provide on this form to keep in touch with you and to provide updates and marketing.