TraderGav.com

Gav's trading blog - Perseverance, Consistency, Confidence

Trading Tools

Sierra Chart sharing: ChartDom Entry chart

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Chart DOM is one of my favourite Sierra Chart features. It gives users the flexibility to synchronize chart, and DOM. Chart DOM has all features of traditional Sierra Chart DOM, with ability to attach (and synchronized) into a chart. Sierra Chart DOM is higly customisable, and light weight.

In my trading, I always have a chart, which I call “Entry Chart”. It is a simple Footprint/Numbers Bars with Chart DOM attached. I have customized the Chart DOM with additional columns such as Bid/Ask Market Pulling stacking, Recent Bid/Ask volume etc.  The main purpose is to have a quick view of price movement (from Footprint/Numbers Bars chart), while trading on DOM.

I have attached the chartbook here. Please feel free to download, customize, and share it if you found it helpful.

You can download the chartbook HERE.

Enjoy!

FXS Analytics Cyber Monday discount

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While I don’t normally write a blog post to promote product. I thought FXSAnalytics is one of few worth mentioning. If you are looking to learn price action trading, this is definitely a good place to start. FXSAnalytics consists of full series of lecture notes, support forum, reference sheets, and also a one-to-one skype call coaching with Steve from nobrainertrades.com. I have personally gone through the course material, and can confidently recommend it to blog readers.

The whole purpose of writing this post is to inform readers, Steve is running a limited time price cut for FXSAnalytic. From now to 2nd December 2015, you can enjoy 20% off the full price of entry. Below is the official announcement from FXSAnalytics.

(Update 11/30: Code has been extended to work through December 2nd).

It has been 11 months since the release of FXS Analytics, and in preparation of a major release to the platform we are offering a one-time extra discount to access materials and support. Valid through November 30th, coupon code TIMETOTRADE will take 20% off the full price of entry. This code may not be used with others and will expire at 11:59pm EST on November 30th.

Enter the code at time of checkout to receive the discount. This is the only time of year we introduce any similar discounts. Thank you for your continued support and we look forward to working with you!

Check out FXS Analytics here.

So if you are looking for educational material to study over the coming holiday season, this is definitely worth checking.

Money management tool : Forex smart Tools

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I used to keep my trading journal in Excel spreadsheet for years. Well, it serves the basic need, however it is time consuming and somehow, inefficient, when the number of record grows over time. And trying to find an effective way to link each trading record to screen shots is always a pain.

I started looking around for a better money management tool. I realize my time and energy should be spent on better things rather than the spreadsheets. There are a couple of money management tools in the market however, most of them are designed to serve stocks traders. Specifically, I need a money management tool for Forex trader.

I was introduced to Forex Smart tools by another trader in our private trading room. I was impressed, since then, it has been part of my trading business. Forex smart tools consists of 2 applications, Forex Calculator and Forex Trade Log.� Calculator is meant to use for trade preparation, while Trade Log is for trading journal and logging. Instead of writing a lengthy post to introduce the tools, have a look at the introduction video below.

Bottom line, if you are taking your business seriously, this is an essential tool. Serious traders know just how important it is to keep track of your trading records and journals. I am using it in my trading, and I would recommend it to all serious Forex traders.

You can find more details of Forex Smart Tools here. If you are interested in trying out the application before purchasing, a new lease/installment plan at $25/month is now available.

In addition, an extensive video library is available to help user to get started with the tool and learn more about money management skills. Here is the snapshot of the video library.

Check it out. To me, it is indeed a great tool.

Working offsite

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As I mentioned before, I am trading from Jakarta, Indonesia for the next couple of weeks. Here is to show you my offsite office setup. Keep it simple. 🙂  Man, I miss my LCD screens back in Melbourne….

Using Evernote to create trading journal

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I don’t have trade to share today, instead, I am thinking of sharing the ‘tool of the day’ to my readers 🙂 . I have recently start using Evernote on my iPhone and laptop as my digital assistant. And today, I thought I would try to integrate the tool to my daily routine – market review, and journaling. And, I am truly impressed by the tool.

Here is a short video clip I have created.

Use evernote to create trading journal

And you can login to Evernote’s website to view your saved journals from any computer, or read it from your mobile phone. Here is the snapshot of my iPhone.

I love the tool. And , this is my personal review of Evernote, and I am no affiliate to them. Just another tool to share, check it out.

Studies of Bar Patterns

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barpattern_EWI_sample

Here is another great free resource from EWI.
EWI recently released a free report on Bar Patterns, in which I think it is worth to download and have a read. The report shows ways you can use common bar patterns to spot high-probability trading opportunities with 30 charts across 15 pages. Check it out while it is still free.

Here is the short summary of the report:
How to use bar patterns to spot trade setups

  • Double inside Bars
  • Arrows
  • Popguns

How to make bar paterns work for you

  • The Three-In-One Bar Pattern
  • Forward and Reverse
  • How to use an outside-inside reversal to spot trade setups

Full report here

    Have a good trading week!