Two Blokes Trading

Ep. 56 – Commodities Demystified With Andrew Masters Tom and Owen trade with XTB - Join Here for a 15% Spread Rebate! Tom and Owen are trading using strategies learned through Traders Support Club. For superb trader training and an exclusive Two Blokes Trading price then visit www.tscmember.co.uk/tbt ! In this episode: The blokes report…

Ep. 55 - How To Build Your First Trading Algorithm Sponsored by XTB Brokers - Sign Up through TBT to get a dedicated TBT account manager and 15% Spread Rebate   To join Tom and Owen on their trading training journey (and get a few quid off!) go to www.tscmember.co.uk/tbt In this episode: UK election…

Ep 54 - Pivot Point Trading with Kym Watson   Sponsored by XTB Brokers - Sign Up through TBT to get a 15% Spread Rebate   To join Tom and Owen on their trading training journey (and get a few quid off!) go to www.tscmember.co.uk/tbt   In this episode:   Backtesting. Why you should do…

Ep 53 - Can You Trade Without Losses? Sponsored by XTB Brokers - Sign Up through TBT to get a 15% Spread Rebate   To join Tom and Owen on their trading training journey (and get more than a few quid off!) go to www.tscmember.co.uk/tbt   In this show:   Chickengate 2: Return of the Fox. Hopefully…

Ep 52 - Intuitive Trading with Andre Minassian   Sponsored by XTB Brokers - Sign Up through TBT to get a 15% Spread Rebate   In this show:   Tom begins this episode with a frankly horrifying chicken-based anecdote, but it is all uphill from there. We’ve taken part in the first online trading room…

Ep 51 - Breakout Strategies with Jason Needham

The Two Blokes trade on: XTB Brokers - Sign Up through TBT to get a 15% Spread Rebate

Jason Needham - Breakout Strategies

After literally no fanfare for Episode 50 last week (despite an extensive letter writing campaign by our fan) we roll, unsurprisingly, straight into Episode 51. Jason Needham of tradingbases.co.uk talks Breakout Strategies with us. He trades shares, looking for breakouts from consolidating price action. By trading breakouts from ranging, consolidated price, he can place very specific stop losses and is able to run his winners. All are key parts of a solid technical trading strategy! Even if you don’t trade shares, this episode has some top tips on general risk management principles. Good Risk Management is one of Jason’s key messages.

 

Jason Needham’s technical breakout strategy is specific to equities, but we ask if it can be applied to other markets as well. He uses some fundamental screening methods to make sure he is looking at momentum stocks. As such, it would need significant back testing to see if his breakout strategies could work for trading Forex. Nevertheless, Tom commits to loading up his wheezing back testing software and putting Jason’s breakout strategy through it’s paces. Stand by for the results in Twenty Neverteen.

If you want to see a bit more from Jason Needham then follow him on Twitter @stealthsurf. Jason Needham runs tradingbases.co.uk where he has a large video tutorial library. He also runs daily explainer videos on live trades. You can learn about all his breakout strategies on his  on his site.

 

Trading Timeframes

We have kicked off the video learning part of the Traders Support Club this week. Top of the list of things to consider is the time frame in which we are going to trade. It is a truism of trading that the shorter the timeframe you trade on, the more likely you are to lose money. I have no idea if that truism is true (!) but lots of people seem to believe it. Trading over a longer time frame also leaves more time for jobs, businesses, families and building fly fishing lure’s in your garden shed.

 

Traders Support Club recommend starting out with Position or Swing trading. Then moving to Day Trading or Scalping if desirable and advisable. Position Trading means holding trades anything from 3 weeks to years. Swing Trading from 2 days to 3 weeks, Day Trading 1 or 2 days and Scalping can be a matter of seconds to a few hours. All very different skills, with vastly different success rates and potential rewards. The time horizon for our trading is one of the first questions we will need to settle. We need to get this sorted before creating our mathematically-proven technical trading Edges during the course. (He said, confidently).

 

If you want to join us on our journey with the Traders Support Club then click on the following link. You will receive an exclusive Two Blokes Trading discount: Traders Support Club.

 

If you sign up through Two Blokes Trading we will make sure that they treat you even better than they treat all of their other clients! And we will be able to hang out together in their Live Online Trading Room, or L.O.T.R. (Not the Lord of the Rings room.... Tom…)

CFD or Spread Betting - Taxes (zzz)

In the episode we also discussed the reasons that we trade with XTB using CFDs rather than trading with a spread betting provider. The answer is a bit complex, but if you wan to see the arguments, then have a read of this article. Essentially, unless you have quite a large account or are very profitable, then you may not have to pay Capital Gains Tax anyway, so you can take advantage of using an STP broker that doesn't trade against - like XTB!

The political risk that has been driving the markets has mostly disappeared for now. So,

Ep 51 - Breakout Strategies with Jason Needham The Two Blokes trade on: XTB Brokers - Sign Up through TBT to get a 15% Spread Rebate Jason Needham - Breakout Strategies After literally no fanfare for Episode 50 last week (despite an extensive letter writing campaign by our fan) we roll, unsurprisingly, straight into Episode 51.…

Ep 50 - Trade Supply and Demand Levels Like the Banks

 

Sponsored by XTB Brokers - Sign Up through TBT to get a 15% Spread Rebate

 

An historic episode 50 (mega!) of the podcast starts with a look back at Round The Clock Trader Live, a trading conference that we attended on Saturday. It was great to meet forex trading mentors and educators that we knew by name but not in person. It was even more great to meet some fans of the show and chat about their trading systems, hopes and dreams. We interviewed Andre Minassian - The Intuitive Trader - on stage and it was a tremendously enjoyable experience. We also bumped into our old pals at XTB and realised that we would be in a competing time slot with David Cheetham, their Chief Analyst! We compared attendance notes after and called it a draw....

 

Interviewing Andre on stage in front of real-life traders was a pretty cool experience, and a whole different thing to recording a podcast that can be edited! From a trading perspective, the big take-away for me was the value of experience and focus. Andre trades a small number of markets that he knows inside and out. It is this depth of knowledge that he believes enables him to trade intuitively. When you know, you know! You know?

 

Our trader interview for episode 50 needed to be a cracker. We’ve made it to half a century and felt that we owed it to our listeners to put out a legendary interview. Tom ranks this week in in his top five interviews that we have produced. We talked with Paul Scott, an ex Investment Banker who believes that Keep It Simple Stupid is the order of the day when choosing how to trade forex or any other asset class. He believes that institutional speculators, like the big investment banks, trade from specific historic price levels; levels that haven’t changed for decades. He trades these historic levels as he believes the price ranges between them on a routine basis.

 

Paul differentiates between the commercial forex buying by large companies who may need to pay foreign suppliers or repatriate foreign profits, and the forex speculation by banks. By drawing historic levels on his charts he can see where commercial currency buying is driving the price and at what point the big speculators will be jumping in. He believes that the speculators know at what levels the price is cheap and at what levels the price is expensive. By capitalising on these supply and demand price levels, Paul is able to make simple, profitable trades - up to 300 pips profit on EURUSD for 40 pips risked, for example.

 

Paul Scott’s stated mission is to turn retail traders into professional traders. If you want to find out more about Paul and how he picks the supply and demand levels that he trades, you can find his site at http://paulscottfx.com/

 

Our journey with Traders Support Club is continuing and we will be jumping into the video learning portion of the programme this week. As a partner of TBT, Tom has convinced Ali Crooks of TSC to offer the Two Blokes Trading audience an exceptional offer. Mention Two Blokes Trading when signing up for the Traders Support Club course to get money off worth hundreds of pounds!

 

Now that the French Election is out of the way, we should see a move away from political risk driving our trading, at least for the time being. But markets remain volatile, so stay sensible, and…

...happy trading!

Ep 50 - Trade Supply and Demand Levels Like the Banks   Sponsored by XTB Brokers - Sign Up through TBT to get a 15% Spread Rebate   An historic episode 50 (mega!) of the podcast starts with a look back at Round The Clock Trader Live, a trading conference that we attended on Saturday.…

Episode 49 - Cut Through Noise with Martin Luke, CEO of VOX Markets

Sponsored by XTB Brokers

 

This Week we are starting to learn with the Traders Support Club. After Ali Crooks came on the show last week and invited us to start his programme and begin his course we jumped at the chance. Tom is excited to polish and perfect his technical trading strategy and Owen is looking to see if he can use the knowledge to either supplement his Forex fundamentals trading strategy, or use the course to put together a technical trading algorithm or maybe even a trading robot based on price action.

 

We kick off the programme by filling in a detailed questionnaire - it is clear that this programme is tailored to each individual and not just a one size fits all trading course! We compare our answers to some pretty searching questions and learn a bit about ourselves and each other!

 

The Trader Interview. It is pretty cool to have the opportunity to welcome on to the show Martin Luke, CEO of VOX Markets. Martin believes in trading communities as much as we do, and his decades of experience shines through in this interview. Martin  is here to tell us about the value of information in trading shares, but in getting the right infomation and cutting out the noise. VOX markets is all about getting info from the ‘horse’s mouth’ and they regularly have CEOs of small cap companies on their podcast and site to get more of the right information into the public. This was a fascinating chat and undoubtedly some of the best insight into shares trading that we’ve had on the show.

 

Owen is on new ground with his interview here - he has a lot less knowledge about shares trading than Forex. This interview has the feel of some of the earliest Two Blokes Trading interviews, when it was all completely fresh! That said by asking Noob questions, Owen hopes that he’ll be getting the answers that best help anyone looking at getting into shares trading!

 

The Coming Week

 

David Cheetham, Chief Analyst at XTB Brokers is back on the show to give us his rundown of the French Election second round ‘runoff’ that is taking place on Sunday 7th May. This round is a lot simpler, with only two candidates - Macron and Le Pen - going head to head. The polls suggest an easy victory for Macron but they’ve been wrong before… If Macron wins there may be opportunity to fade recent gains as people look to take profit, or it may rally still further - hard to say and impossible to know for sure! Either way, David’s insight offers us some potential ways to profit and highlights a common newbie trap - you’ll want to listen to the episode just to learn how to avoid that! If you want more of David’s analysis then XTB are holding a free Webinar focusing on the French Election run-off on Thursday 4th May at 8.30pm London time. You can register free here.

Happy trading