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Turning Traders Into Professionals

19/07/17

One of the biggest challenges as students learn to trade is staying motivated and positive. Feeling like a victim or justifying your own trading errors on other factors is nothing but egos playing up and brains trying to drag you back into the “comfort zone”.

Learning to trade successfully requires a resilience and stubbornness that few people are willing to endure. This process however is necessary because it ultimately creates an identity shift. Remember that sometimes when things are falling apart, they’re falling into place.

Changing your entire career to a new environment such as trading, which by default requires you to accept uncertainty and to let go of the past, is probably the toughest thing you’ll ever do.

Rising above the “norm” is never easy. Sometimes I have days when I don’t feel like getting out of bed and looking at the markets. However this is my JOB.

As a professional, I have to do my job, regardless of whether I FEEL like it or not. If I only traded when I FEEL like it or if I only exercised when I FEEL like it, I would never achieve anything. Be a doer, not a victim. You and you alone have the power to shift your mind into positivity.

It’s easy staying positive and motivated when things are going right. The challenge is to stay positive and motivated, believing in yourself, even after you’ve messed up a few times and found yourself in a drawdown. Because if you have a mission, a goal that you’re heading towards in your mind, your passion and DRIVE should be enough to shake off the current psychological discomfort and get back on the horse.

Ultimately, success comes to those who don’t give up. No one casually strolls into long-term profitability without going through emotional pain. It’s how you decide to deal with this pain is the difference between failure and ultimate success.

If you want something bad enough, your brain will find a way to get it for you, if you stick with the goal long enough. You have to work hard, analyse your performance, pick yourself apart, do better next trade, do exercise to deal with stress, re-analyse, review review review.

Look for patterns in your own previous performance – analytical nature is of pivotal importance in trading. Write down everything, from stoploss sizes used, to trade durations, track market movements even when you’re not in a trade yourself, write about how you felt. This will become an invaluable journal on your path to becoming a successful trader.
If it was easy, everyone would be a trader.

If you persist, you will be a part of an elite group of humans who have the discipline to stick to a goal for years, in order to live the life they really want.



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27/01/17

Development Plans for 2017:

Major Update for Blahtech Market Profile
Risk management EA with Daily & Weekly Loss Limits
Adding risk management architecture to Blahtech EA
Our own licensing/encryption system for Blahtech indicators
Separate Trend Indicator (user request)
Separate Q point Indicator (user request)


We are continuing to bridge the gap in the trading methodology information and tools available to independent and retail traders in order to increase the standard of their skills.
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26/12/16

I waited until after Christmas to bring some very sad news to light.

It is with a heavy heart that I announce the passing of a close friend and one of our Market Stalkers traders Yana Pankratova, at only 29 years of age.

Yana and I got acquainted through a mutual friend who recommended me as a mentor. But as we started working together, we grew closer and closer as friends. We started exercising together, we spent our weekends together on top of mentoring and chatting for 10-12 hours a day each week while she worked for another prop trading company, trading the Market Stalkers way. She quickly picked up the methodology (faster than anyone ever before) and started generating 5-figure profits each month, after a three week bootcamp mentoring starter with me.

Yana was truly a remarkable young woman, driven beyond belief who frequently wouldn’t take “no” for an answer.

Yana also had a penchant for skydiving, which was her second great passion. I remember we were talking over the phone as she was waiting for her plane ride to go home to Russia when she said: “Oh they have skydiving here, I’ll call you back, gonna go do a jump!” Who does that? Casually waiting in an airport lounge and then instead of a cappuccino, jump out of the plane! This perfectly describes her incredible personality and ambition.

Her biggest dream was to trade the markets. This burning desire was evident every moment I spent in her presence. When the going got tough at one point, she confided in me that if she suddenly couldn’t trade for whatever reason, her life would be over. Little did I know that she had less than a few months to live. Her words now ring in my head with a somewhat sinister undertone. I wish to take this opportunity to remind everyone to live your lives to the fullest, because we never know when the end game is coming. What each of us can take from Yana is that she knew what she wanted and she went after it, willing to do whatever it takes in order to reach her goals.

Although her life was cruelly cut short by a very aggressive form of stomach cancer, what she achieved during her time on Earth will forever leave a memory etched into my mind as long as I live.

The rest of the people in Blahtech referred to us as “the trading twins”, as we were both Eastern European, quite petite, with similar backgrounds and even similar names: Yana and Deeyana. Our similarities went right down to being competitive gymnasts as children and exploring more exotic ways to enhance our spirituality, including dabbling in Kabbalah and Tibetan monk practices. I will forever cherish the orthodox Christmas we spent together in January, just Yana, my husband and me, when I cooked a massive orthodox Christmas dinner including a huge salmon, mushroom soup and some pancakes just for the three of us, after she told me that no one else in London celebrates “our” Christmas. I’d only known her for a couple of months at that time but our bond was already obvious. She had just returned from a brief break in Russia. She bought me a special Russian vodka, a favourite of her father. The only vodka I am able to drink neat.

I hoped that she would somehow get better but sadly after only 4 short months of treatment, she took her last breath on Monday morning, 19th December 2016 almost exactly one week ago. Her demise eventually became quite obvious to me every time she sent a whatsapp voice message, each time sounding weaker and weaker. I was one of the very few people who knew of her horrible affliction. She confided in me as soon as she found out but asked me not to tell anyone, because she wanted people to remember her as a smiley, happy, crazy, beautiful chick who trades the markets and jumps out of planes in her spare time. Although at one point she was joking how she might start a blog entitled: “the cancer daytrader”. She had a great sense of humor and a very unique outlook on life. Brave and daring, she fought until the very end. The world has lost a special soul and I will miss her energy and ambition endlessly.

Rest in peace beautiful.



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05/12/16

Just over 7 months ago I decided to test out an innovative PAMM fund platform from Darwinex broker.

What began as a challenge to prove a point that having a smaller account doesn't have to be a hindrance when it comes to social trading today is now turning into a very real and viable way for our students to grow with us as they themselves learn the concepts of institutional order flow trading.

Not everyone has a spare 20k to put into a trading account once they're ready to take a shot at being a professional independent trader. Proving to people that you can make a living out of trading by starting on accounts that are anywhere from 20k to 250k in size doesn't serve any purpose to the majority of traders who are seeking financial freedom but lack the seed funding to do so. For most, 20k is a hell of a lot of money. Most of the aspiring traders don't have a proven track record, nor do they have an MBA to go and trade for a large bank. And those who do, already have droves of people offering them funds left right and center.

In these days of historically low and practically non-existent interest rates, managed funds offer an alternative to getting a usable return on your investments. However the difficulty lies in finding traders who actually know what they're doing. It's a sad fact that most of the "signal providers" out there use highly suspect practices of Martingale strategies (doubling up on each losing position which usually leads to blown accounts very quickly when things go wrong), grid trading (similar strategy that also adds on losing or winning positions every x number of pips), people are naturally protective of their hard earned cash.

Enter Darwinex with their ridiculously well-thought out platform for investors and traders alike. Rather than letting users micro-manage positions, each trading account eventually gets assigned a "Darwin" which is a stock-like product based on the underlying account that the trader is using their strategy on. Darwinex then assesses the trader's performance through a number of "investable attributes" that calculates the system's D-score. It then assigns a yield to the system's ticker symbol (ours is DOG), dependent heavily on how the trader behaves: risk management, consistency, scalability to large accounts, timing of the trades etc. Darwinex also limits the investor's risk to maximum 20%, regardless of the risk the underlying account has taken, further protecting investors from dodgy practices and traders losing their cool.

Most importantly, whether you start trading with $200, $2000 or $200,000 is completely irrelevant here. And this is the genius behind Darwinex internal exchange. Trade well and you will get onto some of their leaderboards, people will notice you and they will invest. But you do need some decent numbers. So get journalling to improve your results!

The performance fee the trader receives is about 20% of generated profits from the investors capital, which is pretty much a standard in any serious prop trading company.

If a prop company is offering you anything more than a 30% split in your favour, it's likely that the room for growth is very limited and the company in question has other income revenues rather than the trading profits. If you're allowed to trade a million dollar account for a bank, they for sure won't give you an 80% split. You'd be lucky if you walk away with 10% plus a bonus.

But if someone gives you 1k then they can easily afford to part ways with the resulting profits as high as 80% split - because all they ever risked was a mere $1,000. The larger the account you're allowed to manage, the less profit split you should expect right off the bat. And I agree with this business model.

Now, back to our fund - it now holds over $100,000 in investor's capital and this number is rising rapidly.

For any trader strapped for trading capital, I highly suggest choosing Darwinex as your platform. Darwinex is leading the way into a new world order for independent traders. And I'm proud to be the part of the select few bringing awareness of their service to investors and traders alike.

In early 2017 we are moving completely towards the Darwinex fund and we will be discontinuing the signal service due to people micro-managing their positions, over-leveraging and also acting as self-assigned risk managers each time the signal experiences any drawdown. Previously, we displayed the results of one of our trading accounts at the top of the page, but due to very nasty comments regarding our decisions that was very disruptive to our active traders in Blahtech, the signal is not available for public use any longer. This move comes as the right to protect our intellectual property regarding our method that is only available to current students and mentees.


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24/10/16

Most of our students know that our director and founder Deeyana Angelo advocates a heavy fitness regime to keep the instinctual side of yourself away from your trading by depleting the glycogen reserves through lifting heavy weights. Practicing what she preaches (somewhat to the extreme), Deeyana is a bikini fitness competitor. On Sunday, 26th October 2016, Ms Angelo won her Pro card at the Pure Elite Fitness Competition. She is currently training for the Pure Elite World Championship Finals, which is happening on 5th November 2016 at the famous O2 Arena in London.

If you wish to come and support her, she is doing two categories: Bikini Diva and Bikini Short. It's an amazing day out, starting at 1pm. It's a great opportunity to see some of the most amazing physiques from all over the world and to meet very inspiring people. Tickets are available from AXS:



Endurance and self-discipline go hand in hand, both in sports and in trading. Understanding the biology of emotions and how physical fitness can help you overcome your trading gremlins is very important for newer traders who are struggling to control their impulses.

Deeyana Wins Her Category at Pure Elite Fitness Competition
Our pink-haired director takes 1st place in Bikini Diva Pure Elite

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17/05/16


Some amazing news this week. Blahtech Supply/Demand Indicator has reached no. 1 spot on the Most Popular Indicators on MQL5.com Marketplace.


A massive THANK YOU from all of us here at the Blahtech team!

We will continue to serve a purpose of bringing professional tools to MT4 and soon to MT5 as well. It's been a tough 16 months of development but an exciting 5 months since the indicators have hit the Marketplace. We have filled a gap in the market for supply/demand and market profile traders by creating multi-functional indicators optimised to perfection with features such as Backtest Mode, Q Points locations and Session Ranges, never before seen on any platform. Having James Cater the super-software engineer as a part of the team has been nothing short of amazing.

We now also offer Foundation Courses, making it even more affordable for those traders who wish to familiarise themselves with the concepts of order flow trading, without breaking the bank.

The Professional Development Courses are still available and continue to be the main choice of traders wishing to pursue professional career objectives.


Safe trading everyone
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04/03/16
I figured it's time to write another blog post.

There have been a lot of changes behind the scenes here. Since our inception as "Angelo Capital" just over 2 years ago, we've grown as a business and the word of my method has spread around.

As the website gained more and more followers, it became obvious that there was great interest in the method. Our sister company Blahtech Limited decided to step in and help us re-brand the company from a pure prop-trading outlet to an educational and mentoring service for creating professional, independent traders. The success of my ebook "Market Stalkers - Price Action Trading" gave us an idea for the re-branding.

As I was always quite fond of chameleons and their unassuming status as cute ambush predators, we agreed that Bob the Ambush Predator is to become our new logo. Since then, Blahtech Limited and Market Stalkers have come up with some serious tools for MT4 that support my method as a result from a year-long effort and £100k of resourced we've thrown into the development of the indicators. Blahtech Indicators now make the process of finding the Market Stalkers setups fairly quick, eliminating the mundane tasks, while still only relying on price action and distribution curves. No lagging indicators allowed!

Coming up this year are Market Stalkers Online Training Courses, broken down by skill level. Although all 3 courses are aimed at intermediate traders requiring prior knowledge of candlestick charts and basic trading strategies, they still address a lot of the issues that are not really dealt with in other training or trading courses. The courses provide a complete understanding of the stock market and the method is applicable through a wide range of asset classes including foreign exchange (forex), commodities market, futures and equities, including single shares.

You might have already noticed the swanky new videos in the Weekly Levels playlist. The courses are in a similar format, but they are now restructured compared to the old webinars, to give traders a complete education in all 3 building blocks of trading:

1. Strategy - including Supply/Demand and Market Profile
2. Psychology - including behavioural modification techniques and lifestyle changes
3. Risk management/trade management/advanced capital preservation techniques


Since a lot of you have sent me emails asking me to publish the prices of the upcoming courses, we've finally managed to agree on what they should be, so here they are:

Prices will go from £399 to £799, depending on skill level. There will also be an option to buy individual lessons, ranging from £34 - £89 per lesson.

We are also planning an all-access membership for those traders who get all three levels at once, enabling them life-time access to the video courses. This option will be £1699.

For the first time, I'm opening the doors to my complete method, previously only available to funded traders and well capitalised individuals through my private mentoring.

Safe trading boys and girls.
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06/09/15
I've been trading for 5 years and in that time I've already traded through about 3 major crashes. Sadly this is the new normal and we better get used to it.

When trading through potentially tough times, mental discipline becomes even more important. It's very difficult to see all these pips and ticks going up and down in front of us and not pull the trigger.

However, we really need to try and stay focused and only trade our setups. Look for a base on lower timeframes, such as 30 min and 15 min. If it's later in the day, check your market profile for most likely day type development. Ask yourself how far in or out of balance the market is. Compare that information with your possible consolidating levels, also created that day. And then when you see an opportunity that resembles your trading plan, make sure you do take it. If it works it works, if not, leave it alone and go do some exercise.

We are all human and I've also had some discipline slips, which is why I wanted to remind everyone to do whatever they can in order to stay away from gung-ho trading. Whenever I decide to trade without first visiting the gym and beating the ego out of me, I trade like an idiot. I'm not afraid to admit that. Impulse control comes easier to some than others. I am one of those others - I need strict rules, a tough exercise regime involving a lot of weight lifting, followed by creating a zen atmosphere in my trading space. I try to meditate as often as possible, because meditation slows down our alpha waves and make us relax, giving access to our rational brain, creativity and executive decision-making. Otherwise as a Mediterranean girl, I am way too impulsive and not risk averse enough to sit on my hands. But always remember - markets have been around for over 100 years and they'll still be around 100 years from now. So just wait another day to pull the trigger, there will be other opportunities.

Trade well.
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30/06/15
While many struggling retail traders will continue to look for magical non-existent Fib levels in the middle of nowhere, re-counting Elliot Waves to see where they've "miscounted" and rubbing rabbit feet while praying to a higher power, those traders who have managed to survive in this job over a number of years will almost always know how to locate the real supply/demand. And for this feat, you don't need any indicators or special level 2 data that costs an arm and a leg. Nor does it require knowledge of astronomy and possible order of seasons on exoplanet Alpha Centauri Bb. All you need is your own two eyes. 

Isn't supply/demand just support/resistance?

In short. No, it's entirely different from support/resistance. Comparing apples and oranges comes to mind. Both fruits, but one is a malus fruit, the other one citrus.

Support/resistance is marked whenever there is a low or a high on the chart. Supply/demand is only marked when there is equilibrium prior to the move. Anything else are pivotal highs/lows that are much less important. So you want to be looking for areas of prior large moves that came out of a consolidation - out of previous balance. This implies that prior to the large move, everyone agreed on the price. 

Most struggling traders might look at a chart and know how to read where the price turned. But do they know the REASON why the price turned? I'm not talking about fundamental news - I am 90% a technical trader and news are not a big factor in my decision making process. I am not blind to a possibility of changing interest rates and NFP numbers, but I certainly won't close my trades out if I'm 200 ticks in profit and a UK PMI figure comes out. Why? Because in the grand scheme of things, if my analysis is correct and interest rates are the same, technical side of charts should tell you a very precise story on where market participants agreed on the price previously. In other words, equilibrium. In other words, supply/demand. True supply/demand. 

There are really only about three reasons why prices might change direction. 

First one is profit taking. 

Second one is either short covering or long liquidation. This might also fall into profit taking. 

Third one is a change in supply/demand from previous equilibrium. 

Think about this last one for a minute. If at any one point, all market participants agreed on a particular price, how is that going to look on a chart? 

Something like this? 





A rectangle with several sideways candles. When you see such a price action on your chart, it's a good idea to see what price does AFTER it's created this. Assuming that the price proceeds to move MINIMUM 3x away from the egde of the now very obvious zone (although I aim for 5x because 3x will make you a barely profitable trader until you get your accuracy fairly decent), you can then mark it as your level of interest. If it scores well on the probability enhancers, you may decide on a limit order or a confirmation as your method of entry. 

This works on ANY chart but you have to be VERY exclusive with your levels. 

I mention something called the "normal" formation of s/d zones in my webinars. These "normal formations" are comprised of two candles. When you see these on lower timeframes, like m30 and lower, they are NOT valid levels unless you can find an even lower level base/equilibrium that preceded the move away. Reason for this is because these moves are made by people taking profits, NOT by people agreeing in price!

However if they are located on a 4 hour chart and above I usually go down to lower timeframes to investigate whether there's a "base", indicating agreement on the price prior to the move. If I find my "base" there, I will mark it as my point of interest to make a trade.

Cue Megan Trainors "All about the bass" song :)

 
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