Here is a summary of what I learned at the International Trader's Expo:
Kathy Lien and Boris Schlossberg with GFT
*Most informative speaker
- A quick lesson in current Macro-economics
- EUR/GBP may have topped
- GBP may be first currency pair to rebound...
- *Extension Fade* by taking the history of currencys if a pair has 7 up days in a row...chances the next day will be a down day.
John Person
- Use Person pivots to confirm trends
Jeffery Baskin with FXDD
- Look into Ichimoku cloud for another technical analysis tool...it is a future looking indicator.
- Cash is a position...don't always feel you have to be in a trade
- In this market trade technical...fundamentals are out the window
- Look into Vegas Tunnel on the 1 hour chart
Timothy Sykes
- Cut your losses quickly...to survive as a young trader
Peter Bain with Forexmentor
- Never trade a pair that isn't trending properly
- Buy the dips on a bullish trend
- Sell the rallies on a bearish trend
Highlight of first trader's expo experiance:
- Exploring NYC with good friends
- Learning a lot from free seminar
- Inexpensive mini-vacation
- Trading currency against a hedge fund manager (Who can say they will ever have the chance to do that?)
- Treasure hunting-signing up for countless drawings (from laptops to multiple monitors...probably going to end up with inbox full of junk mail)
- Meeting young traders or trainees...they inform us what life is like working in NYC
- Meeting and seeing my mentor's Tim and Peter present their material
- Seeing my friend Aynul attend his first expo and win a $500 raffle!
- Great food
