Trading Seminar Adelaide ATAA
Presented by: Professional Trader & Educator Peter Mathers
Date / Time: 31 October 7PM
Sponsored by the Adelaide Chapter of the ATAA
Location: Ground Floor, Enterprise House, 136 Greenhill Road, Unley.
Note: Visitors to the ATAA are always welcome: No booking required. Visitors fee is $30.
TRADING SEMINAR TOPICS
Exploring the TradingLevels
TradingLevels® is a sophisticated analysis and trading strategy developed by Peter Mathers through many years of research and experience in trading the markets. It captures the essential psychological structure of the markets into a simple mathematical model using the Fibonacci series of numbers as price ratios. Peter’s creation is an excellent timing tool for traders, in addition to being a powerful framework for gaining a very clear understanding of features and phases of the markets, including:
- Trends and corrections
- Support and resistance
- Price movement
Student Testimonial* – Paul N QLD
I just wanted to thank you again for the opportunity to attend last weekend’s seminar. Particularly as it was two of the best days I have ever had in a classroom. I am always in search of new info & find I pick up a few things at every seminar, but this one was exceptional for me. It really made me sit up & re-evaluate the way I approach the market in all time frames. Peter Mathers is just a wealth of knowledge & a very likeable bloke to boot. He passed on many things that I have never seen before & helped me better understand a lot of familiar subjects. He went into great detail & presented his ideas with real clarity, including what his thoughts & processes are in real time trading, which is invaluable coming from such an experienced trader. He is big on Elliot wave & now has me converted to follow it. He gave us some numerical, natural resistant points that were clear as crystal on a chart (not Fibonacci). I would DEFINITELY be interested in attending any more courses run by Peter in the future.
Markets are born from the minds of men. As the volume of interest converts into price, it becomes a mathematical mind game. Learning how to read price and volume therefore offers you a real insight into the inner dynamics taking place in the markets. In this workshop you will learn:
- How to read the volume from a chart in any time frame
- How to read the volume from the market depth.
Elaborate indicators, while appear to be useful at times, generally make trading more complicated than it needs to be, driving you to take your eye off the ball more often than not with not so pleasant consequences.
When you understand how to read the volume confidently, you can throw away these elaborate indicators and focus on the source which truly communicates the markets to us, price and volume (which all those indicators are based on anyway).
Student Testimonial* – Ann and Phil M
"We have been to many seminars - some cost us so much money. But the TradingLounge education course must be the best one. It gave us specific trading techniques that we can apply to our CFD trading straight away. Peter Mathers provided clear and useful training, unlike other seminars or courses that leave you still confused as to the next steps."
Introduction to Robo Trading®
Robo Trading – End of Day Mechanical Trading Strategy
Allow the market to trade for you, set the orders up in from of the market, if the orders are triggered then you probably on the right side of the market, the rest is money management. Trades lose money because they have to ‘Guess the Direction’ every day, this session will get you thinking like a real trader. In this workshop you will learn:
- How the Robo Strategy works
- How to improve the strategy –
- Defending and attacking with positions and price
- Robo Strategy for CFDs – always in the market either long or short
- Robo Strategy for Shares – 1 to 10 days
A mechanical trading style with methods and techniques which provide a very clean entry and exit, taking out the emotional rollercoaster that clouds the judgements of the best of us at times.
Student Testimonial* – Ben C
"I decided to take the TradingLounge course to further my knowledge of trading both share CFDs and foreign exchange. I’ve been so inspired and encouraged by the course that I have decided to commit the next six months trading. After six months, I’ll consider my position and then decide if I want to continue doing it full-time.”
Time permitting: Brainstorming the Current Markets with New Eyes
We will be exploring the current markets together – going through current watch lists and stocks that you may personally have an interest in. This is your chance to use your new eyes of knowledge, TradingLevels®, Price and Volume to gain a clearer perspective, hands-on, working with us from both analyst and trader points of view.
The analyst in you will learn to understand with confidence the basic essence of trade management; the correct entries, initial stops, trailing stops and exits.
The trader in you will gain valuable insight into support, resistance, accumulation, distribution, what prices are likely to occur and how to navigate and manage your presence in the markets. You will learn to see at which points trends start to break down as sellers start taking profit and also where to scale in and out of your positions as well as where to exit based on price movements.
Understanding how to read the market using the TradingLevels®, you can now view your trades totally differently. You will now understand why your win/loss ratio is the way it is and more importantly, how you might be able to make it better. Working with TradingLevels® will offer a much deeper understanding of how the market price expands and contracts delivering a new sense of confidence to your trades.
Student Testimonial*– Robyn J
"After doing the TradingLounge course, I’m up for the first time in a long while. I’m confident enough to start trading CFDs again for real. I’ve learnt a lot of things and have realized that I didn’t approach it the right way when I’ve traded in the past. I was making money, but I’ve learnt it’s also important to treat it like a business. I wasn’t doing that. Instead, I was trading haphazardly and when it suited me."
Student Testimonial* – Angelo
"The TradingLounge education provides the most informative, practical and applicable trading education that I have experienced. After completing the course, I now have clear strategies with increased confidence as I go back to more active trading."
PLEASE NOTE These testimonials have been freely provided by students with no financial compensation. These testimonials are not indicative of your future success or results.
Interview with Peter Mathers
The Trader’s Essential Tools
by Stephen Calder of afr access
Market trader and educator Peter Mathers of The Trading Lounge says beginner traders don’t have to pay thousands of dollars to become educated about the market. Nevertheless, he agrees education is essential for those starting out.
“My opinion about new traders is simple: you need to be trading shares first and successful at trading without leverage. Then move in to the CFD market and take advantage of leverage, but just trade shares.
“If you get excited about that and go and trade forex and commodities and indexes, remember the margins there are as low as 1 per cent so they’re more highly geared,” Mathers says.
Passionate about education to the point where he offers free educational articles on his website, Mathers has also opened a business offering clients daily help via an email question and response, and he gives away free accounting software to help traders track their positions.
He advises those who want to learn about technical analysis to join the Australian Technical Analysts Association (ATAA). “Everybody new to technical analysis should join up,” he says. “The meetings are free and you meet like-minded people. Their journal is well written goes out every month. It’s an affordable and practical place to start learning.”
In talking to new traders, Mathers says, the most common weakness he finds is “the whole money management thing -- people don’t get the relationship between the amount of capital and the exposure they have in the marketplace.
“You can start off safely with $10,000 can take positions of around $30,000, but no more if you’re learning. New traders get excited about leverage and miss the point of exposure; some don’t even know how to calculate their exposure,” he says.
Although he likes to day trade, Mathers says those starting out should be looking at taking longer-term positions. “Generally my assumption is that people that position trade (ride longer-term trends) make more money than those who trade short term because they don’t have the skills.”
Mathers, one of whose earliest memories is asking his father what was that city building and being told it was the stock exchange, found when he started trading that he was a good analyst. “I love charts and I understand them,” he says.
But he long ago dispensed with many of the standard indicators chartists use and now concentrates on what he calls trading levels, which use the Fibonacci series as guideposts for timing position entry.
The sequence, which is infinite, starts 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89 and so on, a sequence known to be associated with growth in nature. The next number in the series is found by adding the last two together (34+55=89).
Once the number 10 is passed, there is a second sequence involving the tenth multiples of the original series -- 10, 20, 30, 50, 80. And between a price of $1 and $2, a share’s levels will run $1.10, $1.20, $1.30, $1.50, $1.80, $2.
“I only buy after one of those levels has been reached, not before,” Mathers says. “Always buy above the levels because the risk is too high of it not being able to get through that level,” he says.
The levels are points where corrections are most likely to occur, and the bigger the correction at any level, the safer the following trend. “A market is simply a trend, then a correction. As it moves up the corrections get bigger in proportion, like the ratios [the series] we’re talking about. I can see when it’s ready to go using relationship between volume and price,” he says.
He says that when trading levels in this way the average trade is about 3 months, although some take as little as a month.
Levels also help answer the question “If I let profits run, where do I let them run to?” Mathers says, because there is a big chance of a correction when the market reaches a new level. If you want an exit point -- the alternative to using, for example, a trailing stop -- the next trading level, as shown by the series, is the place to get out.
©2007 Stephen Calder and John Fairfax Publications