Ian Murphy is a full-time trader offering education, analysis and tools to international equity and futures traders. He trades his own account using trend-following, swing-trading and day-trading strategies. Mr. Murphy is the author of Way of the Trader - A Complete Guide to the Art of Financial Trading which has been published in the US, UK, India and China.
The week ahead will be dominated by earnings with Amazon, Apple, Facebook, Google, and Microsoft among the 165 S&P 500 (SPX) firms reporting, explains Ian Murphy of MurphyTrading.com.
There is an old market saying, ‘Run fast or not at all’, which means use tight protective stops or trade on longer time frames, explains Ian Murphy of MurphyTrading.com.
Earlier we observed how divergences eventually bear fruit and often in a dramatic way. Has the day arrived, asks Ian Murphy of MurphyTrading.com?
We trade the markets in order to profit, but the reality for inexperienced traders can be very different. Most of the time profits are there for the taking but amateurs allow gains to slip through their fingers or they grab too little too early. This leads to a downward spiral of frustration and confusion as money flows out of their account. In this presentation Ian Murphy will provide practical solutions to these difficult challenges by sharing powerful technical indicators which monetize market moves and take timely profits at appropriate levels.
The correct placement of protective stops is a balance between whipsaw and lag. If stops are too close to the price, we risk getting whipsawed. If the stop is too far away, the risk/reward ratio might not be worth the effort. Dynamic protective stops which respond to changing volatility are the solution. If you're trying to catch a defined move with a swing trade or following a trend, Ian Murphy's presentation will show how to effectively use volatility based protective stops to maximize a trade's potential while controlling risk.
Way of the Trader: A complete guide to the art of financial trading
Way of the Trader offers a fresh perspective on a mysterious art - trading the financial markets. Over 15 compelling chapters, Ian Murphy unpacks the world of a private trader, providing a wealth of practical tools for those wishing to make a living from the markets.