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.
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 that market knowledge is the essential foundation to your trading success, followed by a sound psychological profile, trading strategies and the necessary tools and facilities to run your business. He covers all of these necessary components in his teaching and mentoring. Chris is a hard core trader with a realistic and practical trading approach. If you are looking for a “Holy Grail,” go somewhere else!
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. There is no overlap of the preparatory content and that of the live 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 trader lives within you. To be successful in trading you have to understand the marketplace in which you are competing and you have to be an independent thinker. It is a pleasure to mentor people who are serious about trading, to see them succeed, quit their jobs and trade full time. I enjoy sharing the inner-workings of the bank and fund manager environment to give serious traders the opportunity to build a foundation.
The Complete FX Course is a foundation to the higher level concepts taught in the workshop. 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.
Understanding Price, Unique FX Market Characteristics and the Foundation for Patterns:
Chris’ trading models include a unique combination of tools, at the root of which, are Price Fractals, Psychological Dealing Zones, market inefficiencies/gaps/equilibrium and Chris’ Deep Fib Zones for intra-day pattern trades. The price behaviour based approach to trading will provide you with a timeless understanding of price and volatility. When you understand price behaviour 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 this 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 rules based "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 is the wrong approach, absolutely! This approach typically leaves traders empty, with no foundational knowledge to build models, guide decisions and internalize real experiences . Building a comprehensive understanding of the market is critical to long term success.
Chris offers his students in-depth study of price action and specific intra-day price behaviours that are core to his trading protocol. You will learn how the market works, enhance your market knowledge to a much higher level and have the tools to integrate your personal psychological profile into your trading decisions. Yes, Chris will also show you how the market behaviours are used to take on specific types of trades throughout the trading day.
Furthermore, you deepen your understanding on how to develop the essential requirement of every successful trader… Independent Thinking!
You cannot and will not succeed unless you are an independent thinker. Chris gives you the means to do so, along with the tool's and approach he uses as a trader.
High Probability Price Behaviours and Reversal Characteristics You Must Understand in Foreign Exchange Trading:
Price Patterns/Behaviours are leading market indicators that will show you precisely where a high probability trade can present itself in the future. The approach is unconventional to persons 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 to 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 will learn to apply an excellent combination of tools to get in the chart pattern at the root of the trend or move. This approach gives traders the flexibility to take early profits on a percentage of your position and the flexibility 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. There are a couple indicators Chris has functioning in the background, as a secondary source of information, that will be integrated into the teachings.
Fund Manager and CTA Process
Do you want to trade other people’s money? Have other people asked you to trade for them? We will break up the technical teaching and exercises for a few minutes as Chris explains the process of becoming registered as a CTA and managing funds, in general.
Trade Spotting Techniques Intraday, Swing or Position Trading
In trading, there is a huge continuum between the fundamental trader versus the technical trader and the quant. 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. While on an intraday basis, trades draw from technical information and less so on 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 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. 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. This will just be a warm up to the live workshop fundamental component, which will get into more detail on the impact of monetary policy, interest rates, interest rate spreads and their affect on longer term trends and price. 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, we will walk through current day 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.
You will be shown daily informational resources and bank reports that are available to you and how to use this information to guide your daily trading regime.
Chris will share his AUD/JPY trading model, a formula built on interest rate differentials and volatility. This is one of Chris' favourite models for long and short term trading and an approach he customizes for his private and institutional clients. Bearing the widest interest rate spread, this currency pair is trader friendly on all time horizons. A low volatility 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.
Simulated and Live Recorded Trading Exercises
Nothing is more powerful than seeing the application of tools used to find entries and manage trades. We will walk through simulated scenarios to show you how the tools are integrated into the uniqueness of current market situations and price action. You will be challenged on making decisions and have immediate feedback and results while showing how the methods are applied. This is also shown in Pro Traders Club lessons.
...This workshop will completely change the way you see trading