Desire To Trade Podcast | Forex Trading & Interviews with Highly Successful Traders
438: Story of a Professional Trader Since 1971 - Stan Ehrlich
Jan 22, 2024
Stan Ehrlich, a professional trader since 1971, shares his trading journey and experiences. Topics include his early days as a runner on the exchange floor, the impact of electronic trading, cyclical analysis, using RSI as an accelerator, analyzing currency pairs, and his trading strategy and market analysis.
48:40
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Quick takeaways
- Stan Erlich emphasizes the importance of money management in trading, highlighting the need to protect profits and set appropriate stop-loss orders.
- The ER signals system developed by Stan Erlich can be applied to various markets, including forex, futures, and stocks, showcasing its adaptability and versatility in different market conditions.
Deep dives
Experiences in Trading and Development of ER Signals System
The podcast episode features an interview with Stan Erlich, a seasoned trader who has been in the market since 1971. Stan shares his journey into trading, starting as a runner on the floor of the exchange. He discusses how he got interested in cycles and became known for cyclical analysis. Stan talks about his invention of the early cycle finder and its success, as well as his experiences in the industry and his interactions with well-known traders and authors. He also introduces his ER signals system, which uses custom versions of RSI and candlestick patterns to generate trading signals. Stan explains how the system can be applied to various markets, including forex, futures, and stocks.
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