Forex Trading Systems Elearning Course – Busted Breakout System with Van Tharp

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E-learning Course on Forex Trading: The Busted Breakout System

Professional trader Gabriel Grammatidis teaches three methods in his workshops. Learn one of them.

The best performance data are available with the Busted Breakout System! You will learn all the ins and outs of this one trading strategy with about seven hours of recorded material covering the fundamentals of trading Forex.

Specifics

The Failed Breakthrough:

The two primary topics covered in this online course are drawn from Gabriel’s first Forex Trading Workshop:

1) The fundamentals of forex trading: all you should know to get started.

2) The Busted Breakout pattern, Gabriel’s most well-liked and approachable trading strategy.

During his live Forex Workshop at the Van Tharp Institute, Gabriel presents three trading methods that have an advantage.

The Busted Breakout has the best performance statistics out of the three. Additionally, course participants attest that this is the simplest approach for learning to trade! Gabriel’s lecture in this online course spans roughly seven hours and covers every aspect of trading Forex, including its fundamentals.

As a supplement to the lectures, the course also offers downloaded materials with useful information!

Furthermore, Gabriel will conduct a series of online follow-up group conversations every month to address queries and exchange ideas.

Don’t let this pass you by!

Low-Risk Instruction:

For our clients who have been asking for an online version of the Forex Trading course, this is a low-risk alternative. Enrolling in the course will help students in a number of ways:

Learn a great trading technique with lots of possibilities across several periods for a minimal investment.

Work through the course at your own pace while seeing Gabriel’s video lectures in the comfort of your own home. For a quick overview, you can complete the course in a single day; for mastery, you can spread it out over several weeks.

During the two years of your subscription, you can watch as often as you’d like.

You can use most of the money you paid for this online course as credit toward Gabriel’s three-day in-person workshop if you decide you would prefer to learn additional Forex trading techniques in person in an engaging setting.

Recall that the completion of the lectures does not mark the end of the course. Gabriel offers his e-learning course students up to three follow-up calls where they can ask questions and talk with other traders.

Why Engage in Forex Trading?

Over the next few years, Dr. Van Tharp anticipates great trading opportunities in the currency market because a number of powerful long-term dynamics are at play.

Central banks will primarily keep trying to affect how much their currencies are worth in relation to other currencies. This, along with the imbalances brought about by trade and debt levels, indicate that the currency market will likely continue to be active for some time to come.

To this alluring and inherent longer-term volatility, add one crucial—and useful— aspect for individual traders: forex has developed into a market where individual investors can trade profitably at minimal transaction costs, even with a relatively modest trading account.

It wasn’t always like this. A mere decade or so ago, individual traders needed a substantial amount of capital to open an account for Forex trading, and these accounts were exclusively offered by large money-center institutions.

But with cheap transaction fees and user-friendly platforms, the Forex market’s development over the past ten years has made it more accessible for ordinary traders. In order to supplement the constant institutional trading, a sizable number of retail traders has emerged, ultimately leading to the creation of an even larger and more liquid currency market.

The world’s largest and most liquid financial market is, in actuality, the foreign exchange market. If you are currently trading actively in stocks or options, consider investing in or trading forex, which is a less connected asset type.

Why Study the Online Busted Breakout Trade?

For the past few years, clients of Van Tharp Institute have been asking for an online course in Forex Trading. We are now pleased to offer you this online course, which will teach you a fantastic trading method and demonstrate what it takes to trade Forex.

You will enjoy a great deal of fun with this technique since it takes advantage of inexperienced traders who are caught in bad deals (bear and bull traps) and fish for stops.

Any chart, including short-term and long-term charts, will show the setup pattern. You’ll be shocked at how many of them there are once you know how to identify them. Look at the GBPNZD pair utilizing weekly bars if you like position trades that last a few weeks or months.

The trader trap was set up by the extended period of consolidation from mid-2016 to early-2017; it simply broke, ensnaring inexperienced countertrend traders. With a very appealing reward to risk ratio, this short trade scenario is very appealing.

If you would rather work with a much shorter timescale, the EURUSD pair’s 1 minute bar chart from July 6, 2017 is shown below. Can you notice the area of consolidation and the point at which Gabriel refers to it as the “busting” of the breakout below the range?

You may examine how Gabriel put up a long trade using this configuration, noting the entry point, first stop, probable stop-runs, and ultimate objective prices.

See for yourself how this trade profited from the stop run levels and then kept running after hitting the target price by watching Gabriel’s video.

Blowout Breakout EURUSD Long Position

Is it Possible to Profit from Forex Trading and Lead an Abroad Lifestyle?

The freedom to trade from any location with a reliable Internet connection attracts people to trading more frequently than not. Gabriel was also drawn to that side of trade because he was raised in an international environment.

Greek-born in Switzerland, he spent the majority of his life in Germany before relocating to South America. It makes sense that trading foreign exchange is almost in his blood!

Gabriel began reading anything he could get his hands on in 1985 in an attempt to learn how to trade. When he began trading futures in US markets at such a young age, his parents had to sign documents in order for him to be able to trade. He pursued a career in asset management after receiving a degree in business administration because he was passionate about the capital markets.

He was employed by PIMCO at AllianzGI, one of the top 5 global investment managers, for more than ten years. Gabriel made the decision to join Dr. Tharp’s Super Trader program in order to enhance his love of trading the capital markets. He had to relearn most of the trade lessons he had been taught during the program and develop new cognitive strategies that would enable him to view the world from a different angle.

After completing the Van Tharp Super Trader program and starting his ideal career in professional trading, he achieved his ultimate aim in 2010. These days, Gabriel travels the world and trades Forex (as well as other trading products like commodities and equities futures) full-time.

At work, he has no boss to report to. Forex markets are always open, regardless of the time zone, so he can trade whenever it fits into his schedule and from any location in the world.

But be careful not to misunderstand. Gabriel still puts in a lot of effort at work, but he enjoys his independence and trades. He writes about trading and Forex to assist other traders in addition to trading his account and creating new strategies.

His writings have appeared in a number of foreign language publications, including Traders in the United States (see How To Develop a Trading System, December 2015).

In addition, Gabriel is a dedicated trade instructor. Even before he completed the Super Trader program, one of his goals was to teach courses for the Van Tharp Institute.

Gabriel completed Super Trader work in virtually record time, even though it is similar to graduate-level academic programs. His dedication and enthusiasm are evident in the Forex workshop he developed; ask any of his past pupils or view the videos provided as testimonials.

The majority of Gabriel’s current trading techniques were developed over the course of more than a year working with Van Tharp during the Super Trader program.

Gabriel’s area of expertise is creating and implementing trading strategies based on visual patterns he recognizes in all timeframes of Forex market charts. For the past five years, he has been teaching a number of trading methods at his Forex Trading methods workshop, and many other traders have used his instruction.

Course Subjects:

The Theory: Everything You Should Know to Trade Forex

Gabriel addresses the following queries during several hours of lessons on the ins and outs of trading the Forex market:

• Why would someone trade forex anyway?
• What are the benefits and limitations of Forex trading in comparison to other asset classes?
• What distinguishes the Forex market from other markets in terms of its primary features, and who are the players in it?
• Which strategies often perform the best in the Forex market?
• Everything you should know about currency pairs and Forex trading sessions.
• The properties of a Forex price chart differ from those of equities or futures.
• What to look for and what not to look for in a forex broker.
• Why novice traders may find that the forex market is the greatest place to learn how to trade.
• Which trading edges are most effective in Forex?

The Approach:

Gabriel covers a variety of Forex trading concepts and teaches the complete set of guidelines for one of his trading systems in this online course. Due to the trend-based nature of the system, transactions typically develop over a period of few hours to a few days (or even weeks, in the event of strong trends).

Because the technique predominantly uses 5-min, 15-min, 60-min, 240-min, and daily candle charts, you can pick between swing trading and day trading timeframes. However, because the patterns are fractal, longer timeframe bars can also be used to trade them.

An Australian who was one of Gabriel’s previous workshop pupils is trading the method with hourly and 4-hour bars. Although Gabriel often favors the large liquid pairs, the method can also be traded across a broad variety of currency pairs.

The Framework:

While still a Super Trader, Gabriel created and improved his Busted Breakout system based on the idea of trend-following.

The technique has a high win rate (about 65%) and capitalizes on a recurring price pattern in the charts: breakout failures. The primary benefit of this is that it runs for other people’s stops.

This is a special feature of the method that causes the transaction to break even quickly.

With only the largest, most liquid currency pairings to trade and four to six hours a day of 15-minute chart watching, the algorithm easily identifies more than 150 trades annually.

The trade opportunity each year might be significantly higher depending on how you trade because the pattern is equally effective on 5min, 60min, and 240min charts.

Gabriel is sure that the technique may be made into an effective automated trading system by someone with programming expertise.

The outcomes

According to Van’s trading system measuring scale, Gabriel’s system performs as a “Excellent” performance with an annual System Quality NumberTM score of 4.6. Position sizing tactics can help you more readily reach your trading goals when you utilize a system with a high SQN score (4.6 is high).

You can trade any currency pair in shorter or longer time frames once you’ve mastered the strategy! The technique functions equally well on timeframes as short as a 1-minute chart and as long as end-of-month pricing because of the fractal character of markets. You may easily modify the systems to make them work for you.

Work on the Workshop’s Rules for the System:

Have you ever taken a trading school that taught you a ton of rules and methods, but you found that you were having problems making trades? Due to his personal experience, Gabriel wants to better prepare the traders enrolled in this course.

Because they will observe the setups, entries, and exits being carried out, students who complete the e-learning course have a firm grasp of the system’s trading procedure.

Gabriel uses a trading simulator (live history replay) a lot in class, where real setups are traded as if they were “live.”

By the end of the course, you will have a solid understanding of how the system’s trades appear and feel. Aside from that, Gabriel goes over numerous screenshot examples to clarify what makes a decent setup and what to look out for in setups that never offer an entry. He explores what is absent and why in the case studies with inadequate setup.

Gabriel carefully goes over the basics of the system before guiding you through a series of deals.

The trading screen layout he uses to trade his account is the same one he uses to demonstrate to you how to recognize the important components of setups, entry, and exits.

Every simulation makes use of past data that has been recorded and is processed by a software system that replicates the price charts from the exact moment in the real market.

As he walks you through how to get ready for the entry order and initial stop order, you’ll be able to watch the setups progress in fast forward.

The highly specific exit algorithm he teaches must be put into practice next. Gabriel guides you through a number of scenarios before including the pupils in the process of making decisions on entry, exit, and pattern recognition as they begin to gain proficiency.

Gabriel also gives you pages of more trade examples to look over in more detail. Before you use your own money to trade the system, Gabriel gives you some excellent tips on how to get more experience trading the rules.

Gabriel’s Top Ten Justifications for Trading Forex

Forex trading was covered in a “veil of mystery” as recently as the late 1990s.

A common belief among merchants sounded something like this:

Forex represents the “ultimate discipline” of hedge funds and banks; I am merely an individual trader.

A 24-hour marketplace? If I have to follow the market all day, how will I manage my work and sleep?

Currency trading entails exchanging entire economies. That is too much to comprehend or follow.

I can’t compete with the big boys on an even playing field since I don’t have enough money.

In the present era, despite the fact that the currency market has undergone significant transformations, I continue to see people making similar claims.

What does forex trading actually entail these days? Since the CFMA legislation of 2000, when the US federal government deregulated foreign exchange, or FX, trading for retail traders, the market has more than doubled in size and undergone a dramatic transformation, making it easily accessible to retail traders.

Here are the top ten reasons to think about trading Forex if you’re not already doing so:

1. Have you ever spent the night in a situation where you were afraid of the big opening?

Since FX is a very big, extremely liquid market with constant trading, opening gaps are practically nonexistent.

2. How frequently do you struggle to identify a good trend?

Oceans of money are always moving between nations as the relative strength of their economies fluctuates, thus you can always find positive patterns in FX.

3. What would happen if you could only trade during the portion of the day that is ineffective for your market, or not effective at all?

Choose a time of day to trade FX that works best for your schedule.

4. Are you sick and weary of incurring significant trading charges and fees, slippage, and partial fills?

In FX, you receive effective order management at a cheap cost.

5. Have you ever entered a position where the trading pattern just doesn’t seem to follow?

Because it is so consistent, FX is a great market for pattern trading and charting, from 1-minute to monthly charts.

6. Do the majority of your potential traders appear to move in unison and fail to present opportunities often enough?

Most currency pair prices fluctuate on their own.

7. Does the depreciation of the currency in your home nation affect your net worth?

The best method for hedging your risk against your net worth and diversifying it is through FX. Instead than just watching a declining currency collapse, trade it to protect your investment or make a profit.

8. How often do you find yourself taken aback by sudden, significant price changes and unable to react fast enough to “get out of the way”?

Foreign exchange is the best asset class to learn how to trade because its price swings are typically smoother than those of most other markets.

9. Do you believe you comprehend the tenets of Tharp Think and are unsure of how to apply them?

FX is the asset class where Tharp Think concepts apply the best.

10. Does your favorite strategy—whether you are a pure technician, a fundamentals analyst, or a long-term trend follower—not perform as well in your preferred market? Do supposedly effective tactics not appear to fit your situation?

FX gives you the most freedom to select a trading style and period that work best for you out of any asset class.

“Considering this strong list, why don’t you trade forex or at least have plans to?”— Gabriel

 

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