Chris Lori's Professional Traders Workshop
Chris Lori is the only known institutional and private client FX Fund Manager and CTA who also trains private traders sharing his market insights and strategies. As a serious trader, four time Olympian and world champion in a precision sport, Chris understands the role psychology plays in achieving success in this business.
Chris is a total professional in his training approach and fully understands the development process of a trader, in its entirety. His trading philosophy is one that promotes market knowledge and independent thinking as an essential foundation to your trading success, along with a sound psychological profile and the ability to internalize price behavior. He covers all of these necessary components in his teaching and mentoring. Chris is a hard core trader with a realistic, practical and adaptable trading approach.
Video: Pre/Post workshop videos and manual are not included with 1-Day Intensive Workshop.
When asked why he shares so much of his approach to the market, Chris replies:
“I believe every individual has a trader living withing them. We have all gone through the process of achieving something, either within our gifted capacity, or newly acquired skills. Understanding this process can be converted into a sustainable trading career.
To be successful in trading you have to engage in a process to understand the marketplace in which you are competing and develop into an independent thinker.
It is a pleasure to mentor people who are serious about trading and watch them develop into full time traders. It is a pleasure to share the real inner-workings and strategies of institutional and funds management environment to give serious traders a chance.”
It is important to arrive at the live workshop well prepared, and very highly recommended to study the online courses you received access to when you signed up for the event (3.5 Day course only). There is no overlap of the preparation material and that of the live 3.5 day workshop, so come prepared. The concepts and material of the live event are absolutely unique and cannot be found in any of the online training materials.
The Complete FX Course is only a foundation to the higher level concepts taught in the workshop and will not be revisited in the live event. The majority of the PTC (Pro Traders Club) members, who are now trading full time, have attended a live event, while there are some that have not.
Some of the concepts taught in the live workshop:
Structure and function of Interbank liquidity engines, how the feeds are delivered to you and what that means for human behavior and price action.
Breaking down price action and it's relationship to one individual and the masses. Geometric Fractal and price patterns of scale. In simple terms, relative price action of self similarity on all time scales.
Price disparities, inefficiencies and volatility. How to read the changes in flows through price action. A deep study in price behavior. Price action is more than a candlestick formation!
The anatomy of a price swing - breaking down volatility in a price swing and finding trades.
A study on the anatomy of short and long term price moves.
How price action converts into taking and managing trades
Building a custom trading and risk model for the independent thinker.
Trading exercise protocol designed to profoundly internalize your understanding of price movement and market behavior. This segment integrates and applies everything you've learned about price behavior, designed to make you a trader to the core.
Fundamentals, trading psychology, process thinking, trader development plan, and more.
The price behavior based approach to trading will provide you with a timeless understanding of price and volatility. When you understand price behavior in relation to the global marketplace, volatility, time of day and other critical factors, then you will be prepared to develop a model and define your place in the FX market.
The majority of traders are lead down the wrong path when they enter into the financial markets. A common misconception is to learn a "Tools and Rules System
" or "strategy" used by a successful trader and believe that, if only they employ the "system" in exactly the same way, the same result (success) will be achieved. This approach will never breed success in trading, because the aspiring trader has little or no understanding of the underlying foundation. This leaves the trader with no alternative but to seek another alternative. The only path to success in trading is by designing a detailed development plan
with the goal of establishing a specific set of parameters (trading/risk model) that guide your trading decisions. Building a comprehensive approach to the market is critical to long term success. The model will be customized to your unique psychological profile, because YOU built it!
Intraday Trading - We are Volatility Traders
Price Patterns/Behaviors are leading indicators that will show you precisely where a high probability trade can present itself in the future. The approach is unconventional to traders accustomed to lagging indicator type systems developed by someone other than ones-self. Indeed, lagging indicators can have their place in trading, but high probability set ups are in the hands of traders empowered with an intimate understanding of price action who identify market levels in advance of price. We're not talking about commonly known patterns, such as Gartley's, Butterfly's, H&S, 3 Drives, etc., rather distinguishable repeated price characteristics that have connection with the psychology of the market and can be broken down to the finest level. This workshop will show you several highly effective price patterns you can apply to any currency pair, as well as commodities and indices, as studied in PTC.
It is always easy to identify a chart pattern after the fact. As price action volatility traders, you apply your understanding of price to get in the chart pattern at the root of the trend or reaction point. This approach gives traders the flexibility to take early profits on a percentage of your position and the liberty to manage a long term trade with the remaining portion of your position.
Indicators: Chris typically does not use lagging indicators in his trading, although they can have their place in trading and can be used with some success by those who created the parameters and put them through rigorous testing. In Chris' trading approach, price is the primary parameter, while all others are secondary.
Long Term Model vs Short Term Model
In trading, there is a huge continuum between the fundamental trader and the technical trader. Chris uses both technical and fundamental models to guide his trading decisions. The fundamental models are driven by views on monetary policy and the interest rate environment to guide longer term decisions. Intraday trades are governed by price behavior (technical) and less influenced by the fundamental environment. Chris will show you how to balance the two and specifically what to look for on both ends of the continuum.
Furthermore, He will bring it all together in the Pro Traders Club video reviews that you will be able to access following the (3.5day) workshop. In the PTC, he shows you what trades he is taking and why.
Ideal Order Entry and Position Management
Chris' unconventional order entry methods, alone, have changed the end game for many of his students. While a separate module is set aside for order entry techniques, Chris will integrate the methods into the range of teachings on price behaviour and patterns.
In the order entry module, the two ultimate questions; When do I get in? How do I get in?... will be answered in context..
The Institutional Trading Environment, Monetary Policy and Interest Rate Spreads
Most developing traders want to be part of a community; they want to know what others are doing and have access to information and resources that will lead to consistent trading performance like the experienced institutional traders. Chris will share a brief insight into the banking environment. In the online preparation course, Inside the Banks
, there will be a review of the fundamental and technical considerations made by the world’s largest FX traders, so you get a sense of what is driving the FX sector mindset.
We understand that many of you have no interest in the fundamental space of the foreign exchange market. Even the most successful quant's and technical traders know the importance of understanding the fundamentals in driving price and volatility.
In the pre course study, you will cover some core fundamentals that are absolutely essential to understand what drives micro and macro FX volatility. If fundamentals do not interest you, then you probably will have a tough go in this market. We consider this information essential for those who want to be position traders or diversify the FX risk in their portfolio. We will also discuss other critical aspects of what drives price and inter-market relationships.
From a practical standpoint,Inside the Banks
, will walk through sample bank analyst’s reports and learn how to draw out the important fundamental drivers relevant to what price is doing and why. Students will be taught how to apply this in your trading models and protocol and enhance your overall market knowledge, much like the professional traders and dealers. Once you increase your knowledge of this material, you will reflect and be amazed at how vulnerable you were as a novice trade, as you are propelled to a higher level of competence.
We also review bank analysts reports in Pro Traders Club reviews and draw relevance to current price action.
Chris will share a segment of his AUD/JPY trading model (3.5 day workshop), a formula built on interest rate differentials and volatility. This is one of Chris' favorite models for long and short term trading and an approach he customizes for his private and institutional clients. Even with contracting interest rate spread, this currency pair is trader friendly on all time horizons. A trader friendly currency pair, this approach is suitable for both, active and passive traders.
Critical Psychological Factors Every Trader Must Know about Themselves
Psychological development as a trader is more than understanding the fear/greed emotional ties with market volatility and gyrations in your equity. It is critical to understand the macro psychological framework in your development as a trader. A traders psychological profile should develop through a specifically designed protocol concurrent with ones implementation of processes and parameters.
Chris will integrate key psychological components into the overall class content in a manner that effects each attendee on a personal level.
...This workshop will completely change the way you see trading