After you have written down a few dozen, even a few hundred of your beliefs about life, people, money and the markets, you now know where you currently stand. You know what your current attitude and philosophy is at this moment in your life about those four things life, people, money, markets.

The next step, especially if you are still a bit unsure about what type of trader you want to become, or what strategy to choose, is to, well, Create A List of Every Single Type of Trading and Investing Strategy. If you are hesitant, unsure, about what type of trader or investor you want to become, it is a good idea to know where you currently stand with your beliefs, but also to investigate and do a bit of research to know just what is out there in the world.

Or if you want to develop your own unique style, you can pick and choose the various elements from different strategies that resonate with you. My trading strategy has a few different elements mixed in.

I have a small bit of stop hunting, technical analysis and short term tactical trading, combined with a heavy dose of global macro scenario based trading. This is a step that almost no one takes, and something that I was unaware of in my early parts of the trading journey. Here is what I roughly did in the first few months, even a year or two of the trading journey: I browsed the trading forums, opened up dozens of threads about technical indicators, forex robots, trading strategies in my browser.

I must have literally had dozens of tabs in my internet browser open from various trading forums. I thought I was going to become the master trader, knowing every single type of strategy that the trading gurus on the forums were using. I thought that the more tabs I had open about various indicator threads, expert advisor threads, etc, the more I could develop a super trading system and the more money I would make.

The way my mind worked back then, was I thought I could immerse myself into the trading forum world, expose myself to all this information and come up with a super trading system. I thought I would take the best from each. Take a stochastic system from one person, mix it in with some moving average strategy from another forum thread, add in some chart pattern signal, sprinkle in a bit of price action analysis with Pinocchio bars, add in a forex robot or divergence signal for confirmation, and viola, a holy grail type system.

As you can imagine, it failed miserably. They were not based on market truth. This is the same exact situation that tens of thousands and hundreds of thousands of aspiring traders mind themselves in today. They do something similar to what I did, browsing the trading forums, hoping to find some nugget of valuable trading wisdom.

Every Single Type of Trading Strategy - Order Flow Forex

I am not here to tell you that all the trading forum threads are useless. There is some value there. The problem is that you have to dig through so much dirt and garbage in order to find any good pearls of trading wisdom. And the pearls you do find, are usually not valuable enough to offset the time and effort you spend wading through all the garbage forum threads and exposing your mind to such bad market information, beliefs and programming.

There is most certainly a better way! After spending a year or so on the trading forums, I thought that the only possible trading strategies out there revolved around technical indicators, chart patterns, price patterns, and some quantitative based forex robots expert advisors.

There were literally dozens of other ways to look at the market, but I was blind to all those ways, because the trading forums are just not going to expose you much to the really good trading strategies out there. But those are just false and limiting beliefs. There are literally millions of people out there, and I am sure you can find a few dozen or hundred to become friends with, get along and have a value for value relationship.

The People's Cube - Political Humor & Satire

Similarly, if you are just stuck browsing the trading forums, your mind can be closed minded to the breathtaking possibilities that exist in trading the financial markets. This is why, you should take the important step of spending a bit of time and doing research and listing every single type of trading and investing strategy that exists in the world today.

But find enough of them. Once you know ALL, or almost all of the different types of strategies, or traders, or investor that you can be, and have a brief description of them, well then you can choose which one you want to be and learn more about.

I never took this step in the beginning, because I was in the close minded world of trading forums. Now I am going to help you along and get you started in creating this Master List of every or almost every type of trading strategy, investing strategy, etc. For example, if the only thing you know about are technical indicators, chart patterns, price patterns and forex robots, then write those down:.

Price Patterns candlestick patterns, Pinocchio bars, inside days, outside days, etc. If that is what your current trading world looks like, that is OK!

This is what the majority of the aspiring traders on the internet believe. Jim Rohn once said:. You can have more trading profits and income than you already have, because you can become more than you are!

You can grow and learn about the many different strategies that exist out there. You can replace false beliefs, low value and irrelevant tasks and thoughts, with more productive trading beliefs and habits that will get you to where you want to go. Now, since you are reading this lesson, you can take your trading mind and beliefs to the next level. Well if you have browsed this website, there are a few order flow based strategies such as stop hunting, option barriers and news trading:.

Click Here To Get The Free Report. Write down all the different types of investors, different types of traders, different types of strategies that exist out there. Try to break them down into categories and strategies, etc. If you were to read some of the Market Wizards books, you will discover an eclectic mix of strategies. Others are engaged in a combination of technical and macro trading such as Paul Tudor Jones, Bruce Kovner, Michael Marcus, Stanley Druckenmiller.

Others are engaged in systems trading trying to program a quantitative system such as Richard Dennis, William Eckhardt, the Turtles, Jaffray Woodriff, Edward Thorpe. If you read the book, The Alpha Masters , you may discover new strategies such as Merger Arbitrage, and Distressed Debt.

Or perhaps you were reading the books such as Inside the House of Money , or The Invisible Hands , and you struggled a bit with understanding them. Not all of the strategies still work. For example floor trading is kind of dying out. There are still some people I heard who are manually scalping the electronic markets and doing what the floor traders use to do.

Other strategies and inefficiencies will always exist. Not all of them have the capability of making money every year although global macro always has that ability , but they are still viable strategies for some people.

You want to broaden your horizons. You want to get a feel for what is out there for you to explore. This is especially a must have step if you are not experiencing the success and profits you desire and are confused about your trading approach and philosophy. Do this and have a good sized list.

No one can know everything. You just try to get a feel for the world of possibility out there. Then the question becomes, how much capital do some strategies require?

Does the little guy have access to all these strategies? Other strategies such as distressed debt can require several million dollars and much more to access it. Other strategies may require large capital expenditures to build a computer and research infrastructure. A lot of quantitative traders like Jim Simons, David Shaw, etc all typically have big investments to make in their technology infrastructure to find the quantitative inefficiencies.

Strategies such as technical analysis, global macro trading, and plenty of option strategies do not require large sums to begin trading with. You can trade forex or futures contracts, or stocks using free technical analysis and charts if you desire to.

Or you can use some form of global macro analysis to formulate your strategy. Even though you may not be able to place the same exact trade in the exact same way as some of the really rich people, you can most certainly still apply global macro analysis and those types of trades to a lot of different trading systems.

If George Soros used a global macro strategy to short the British Pound back in , you can still use a global macro strategy to trade spot forex in the year as well!

Choose a strategy that offer you plenty of trading opportunities, and offers you the flexibility of some leverage. Also, the great thing about some of these strategies is that the more successful you are, the more profit you make, then you can just keep on implementing the same or a similar strategy as your account grows. You just increase your position size.

If you previously only traded with 1 futures contract, well as your account grows, you can just keep using the same strategy, but increase your trading size to 5 contracts, or 10 contracts, etc.

If you previously were only trading with shares of stock, well as your account grows, you keep using the same strategy, but now you place trades with 1, shares or 10, shares, etc. That is what a lot of top traders do. They got really good at one type of strategy, and they just kept using the same, or a similar strategy as their account grew.

Order Flow Trading (TIPS, TECHNIQUES, STRATEGIES)

They just increased the position size. Paul Tudor Jones was interviewed in , and he said:. He just does the same or similar, thing, but places bigger trades due to his larger account equity. Therefore, once you have a decent idea of what your current market beliefs are, the next step is to create a list of all the different types of trading strategies you can think of and research.

Your knowledge and skill will grow and you will correct any mistakes. Life is only worthwhile if you try. Wilson once said in his book, Speed of Implementation: I have already created a fairly good list for you. Perhaps you can add to it and discover new ones, or perhaps you want to change the name of some of them or combine some of them:. Quantitative Trading — Forex Robots, Expert Advisors, Statistical Arbitrage, High Frequency Trading.

Transform your trading with Order Flow Mastery. Your email address will not be published. Notify me of followup comments via e-mail. Now you know the Seven Steps to Transform Yourself. You know How to Ask for Trading Advice. Here is a bit of my trading wisdom for you: In order to find a trading or investing style that fits your personality, you need to have a large list of all the different possibilities and choices that are available to you.

If you seize those first few steps more quickly than others, additional paths of actions will unfold that others who are contemplating the risks of the unknown will never be able to see. GD Star Rating loading Related Posts Trading Growth With The Simple Things — Continued June 12, Trading Growth With The Simple Things June 8, What Warren Buffett Finally Figured Out About Apple Stock June 2, Popular Posts I Have Not Forgotten February 6, Greg Riba Trader Story July 21, Trading To Pay For A Sudden Need?

Sanj August 21, Dorian August 30, What is your opinion on trend following? Trend following is essentially many of these strategies combined.

Introduction Into Order Flow Trading– ForexMentorOnline

Grkfx August 31, Trend following can be done with many of the strategies listed in the lesson. You can apply some sort of trend following principles to many different strategies. You can do trend following with technical indicators and chart and price patterns.

You can do trend following with some sort of quantitative program. You can do trend following with global macro trading. Kgr August 31, Leave a Reply Cancel reply Your email address will not be published.

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