2nd skies forex signals

By: LOlga Date: 15.07.2017

Chris sat down with Huzefa Hamid from DailyForex to discuss his journey into the markets from Yoga, to working for FXCM and then a hedge fund, and now running his own fund and providing educational tools for traders. I worked with people who had injuries and they wanted rehabilitation type techniques to deal with that.

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I did it the other way round. What was your journey into the markets? I started to look at other options and opportunities. I started investing and I got involved in mutual funds and the equities markets.

But I was disenchanted with the fact that you can only make money so many hours of the day. At the time, I was working with a particular client of mine who was a doctor and who had cancer; he wanted to do some yoga therapy to make his body feel better. We became very good friends. He had invented a patent that Kodak had bought and had retired at 40 a deca-millionaire. One day, he came up to me, looked at me and asked: He then told me he had a strange feeling I should learn currency trading and to read this book.

After reading that book I signed up for a demo account, and after a month of demo trading I went live and never turned back. I had a very short incubation period.

I found trading something that naturally made sense to me. I felt like I could look at the charts and get an understanding of what was happening and where I wanted to position myself. Technical Analysis and trading takes time to refine your technique and skill, just like hitting a golf ball or archery, which is something I do.

But the initial part of it seemed intuitive to me. Managing risk was something I had very little understanding of in the beginning so I was way over-leveraged in my position sizing. I started off trading standard lots on something that should have been a mini-sized account: If I had lost my first few trades I could have been wiped out completely. Luckily I won my first 8 or 9 in a row so that helped to beef things up. About 6 months into it I experienced my first big loss.

For that next 3 to 6 month period, I really got a first-hand experience of what were my psychological limiting beliefs, thoughts and conditions around trading, losses, success and failure. That was something that took a little bit of time to deal with and digest. I was with the fund for a year but I felt that it was time for me to go private; I had been working for other people for a long time and making them wealthy. Instead I could have been building my fund, which I had been trading with private funds very early on, along with my track record and client base.

But leaving the hedge fund felt like it was a new horizon or a new sky that was opening up. What were you doing at FXCM? I was also doing sales, audits for trade executions, working with gold clients, and education — both internally and externally.

I did everything you could possibly imagine inside that organization as I wanted to absorb as much about the industry as I could. After leaving FXCM, I wanted to see what hedge funds were about I had my own private fund at the time.

So I got into contact with some of the people who had tried to recruit me in the past and one of them hired me pretty quickly. I stayed with them for a year before starting 2nd Skies. We offer all kinds of tools for that.

I have free articles and videos, daily signals and setups, and weekly market commentary.

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We also have online courses that are designed to teach people how to use the same systems that I use on a daily basis. These are same techniques that I use to build a successful trading psychology and risk management profile, and we help traders interact with other traders in a large community to share their trade ideas and setups every day.

We have a pretty strong success rate: Most of the Price Action you see out there is pattern based, for example Pin Bars, Inside Bars etc. Those are useful patterns but those patterns are the result of Order Flow, not the cause.

So those patterns are reactive, not responsive. I teach people how to look at the Price Action and read the Order Flow behind it. The bottom line is that there really are only a couple of facts about the markets. First, as long as there are buying and selling orders, the market will move.

And second, the Price Action is a full manifestation of the Order Flow which is the sum total of the buying and selling orders out there. With my models I employ quantitative based data and strategies to understand the market.

For example, how does something statistically hold up over time? How does this particular Price Action formation result in this being an extreme statistically? So I approach it both from a quantitative perspective and from understanding the Order Flow behind it. Most people are just talking about patterns which keep people reactive and not responsive to the market. Back then, working for a broker was a huge informational advantage because the broker had a lot more information than was available publicly.

At the time, there was very little information on the Ichimoku Cloud and most of the information was limited to coming out of Japan and one translation and that was it. I started to explore and I really liked the trend trading concept behind it.

To me that sounded very interesting. Of course, Price Action is fantastic but somehow I naturally gravitated towards Ichimoku. The funny thing is that when I taught an internal class at the broker about it back in , they all laughed at me and thought it was the biggest joke. Now at the same broker, FXCM, one of their largest forum threads is on the Ichimoku Cloud and they have it in six languages.

And the person who invented it, Goichi Hosoda, had spent 4 years studying number and time theory and he came up with some particular numbers that he felt were crucial. All of Ichimoku is based on that. I feel that his 4 years of study on number and time theory is far more intricate than mine.

So I trust that. When my students take the trades, a lot of them are getting in at the exact same price which tells me that you can trade Ichimoku in a rule based way. There was nothing and I searched everywhere. So I went out and built my own quantitative based strategies solely on Pivot Points. To build those types of things you just have to ask the right questions. I worked with a programmer and I would ask a bunch of questions, have him run the tests and see what data came out.

When I found some interesting data points I spent time studying them to see if there was a system embedded in there, and in many of the data points there was. Daily, 4-Hour, 1-Hour and 5-Minute. But before I do any chart analysis or trading, I actually donate to some non-profit organization or project around the world. I do this because I am grateful for what I have in my life, and definitely want to have an impact on others with the resources I have.

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So I give a donation, feel grateful for what I have, and then start preparing for my trading day by getting in a trading mindset using certain techniques. I spend the first 30 minutes familiarizing myself with what happened overnight. Most of my intraday trading is done from New York Open to London Close. Back in my early days the New York session used to be more volatile than the London session is today. And the London session was even more volatile. Every now and then there are opportunities in other pairs that I like to take.

We have two separate internet lines in case one goes down because if the internet goes down it costs me a lot of money. I have 6 screens and 2 separate CPUs: I have everything I need here so I trade from home.

We communicate but I trade my own personal accounts on my own. Its track record goes back to which is when I started managing private funds for family offices. About 2 years ago, we opened up KronosFX to go public and started attracting public funds.

In third world countries, they mostly need resources more than anything. By providing education and resources, that allows me to have impact. What are some of the philanthropic causes you go after? They sponsor students for 2 years.

2nd skies forex signals

There is x amount of dollars per scholarship per student and we try to contribute a handful of scholarships every year. There are some other projects as well that get clean water to villages in Africa. And then I donate to various other organisations such as to a monk who has an orphanage in northern India, his name is Lama Tenzin.

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Also for beginning traders, if they can start off with a neurological edge by training their brains in the right way from the start I think we can change their learning process. Outside of trading, I want to have a big impact in the philanthropic world and get more personally involved: Again, it is all about impact.

Hamid is a British-born full time trader now based in Canada. He enjoys the technical aspects of trading Forex and is an expert in trading based on the Fibonacci sequence. He also writes a Forex blog named SimplyProfit. I can certainly vouch for the quality and great content but what makes it exceptional value is the personal communication with Chris at no additional cost; advice on trade setups and of course many wise words about trading psychology. Your email address will not be published.

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