Many have trading goals, some even have trading rules, but few have a trading philosophy. Our philosophy is ‘trade the market, not the account’. Trading the account is analogous to ‘trying to make money’ with little thought to capital preservation, which often results in forced trades and situations unfavorable to the trader. Trading the market is analogous to ‘trying to be on the right side of the market’, which results in planned trades and situations which tend to be more favorable to the trader. Most importantly, trading is not predicting. Trading is identifying opportunities, executing opportunities, and limiting risk.
In line with the philosophy of ‘trading the market’, we don’t confine our trading to the most popular currencies. Most trades will be in the ‘majors’ but wouldn’t you want to know of opportunities elsewhere? Many retail traders aren’t aware of opportunities in less popular markets such as the Scandinavian currencies (SEK, NOK), South African Rand (ZAR), and Mexican Peso (MXN).
Trade setups are determined by a combination of technical events. Technical events include inside bars, outside bars, key reversals, support/resistance holds, support/resistance breaks, support/resistance re-tests, median line and reaction line breaks, and median line and reaction line re-tests. Interpretation of price pattern through classical charting and Elliott principles is considered in the analysis.
Trades/potential trades are designated as active, pending, or watchlist. Most trades that become active will first appear on the watchlist as an idea, move to pending when trading levels are identified and become active when those levels are triggered. This process ensures that 1.) trades are the result of a planned decision process and 2.) subscribers know what to expect which decreases the risk of missing trades.
Jamie specializes in swing trade setups. His 2008 book, Sentiment in the Forex Market, details trading and analysis techniques that he continues to use. More importantly, his trading education is a result of years of real trade experience.
Jamie played water polo at Bucknell University, garnering all-conference honors in the pool and academic All-America status in the classroom. Serving as Technical Strategist for DailyFX since 2006 and co-founder of SB Trade Desk, he’s conducted technical analysis and trading seminars across the U.S., in London and Barcelona. His forecasts for FX Week have resulted in #1 rankings for 1, 3, and 12 month forecasts, besting the largest banks in the world. He’s been featured in industry magazines including FX Week, Stocks and Commodities and SFO. Jamie received his Chartered Market Technician’s Designation from the Market Technician’s Association in 2009.
Michael Boutros specializes in intra-day trading strategies and is co-founder of SB Trade Desk LLC. With his years of real trade desk experience, Michael has worked as a market maker, traded for managed accounts and serves as a Technical Strategist for DailyFX. He’s conducted trading strategy seminars and coordinated expos across the U.S. and in Dubai. Michael’s research has appeared on Live Radio, ForexNews.com, Intellectual Frontier LLC, Velocity Trade, Nasdaq, and has been featured on research by Saxo Bank, Thomson Reuters, The Wall Street Journal and CNBC. He obtained his Economics degree from Rutgers University and minored in Philosophy. With the start of his career rooted on the trade desk, Michael brings years of experience in a career that dates back to 2006.
- FXCM Tops Forecast Table With Close Calls – FX-Week
- FXCM’s Dollar Prediction Lands It On Top – FX-Week
- Gold Has Room To Move Lower On Technical Momentum – Kitco News