Trading Nut | Trader Interviews - Forex, Futures, Stocks (Robots & More)
222: 8 Years Studying Larry Williams… But He Loves This Trading Book More…
Apr 12, 2023
48:21
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Quick takeaways
- Longer-term strategies are more important than day trading, especially in the Forex market.
- Breakout strategies, particularly on yen pairs, with stop-and-reverse techniques can be effective in capturing trends.
Deep dives
Key Points from the Podcast
1. Jared Goodwin, also known as the Transparent Trader, discusses his trading journey and the strategies he has developed over the past eight years.
2. Goodwin emphasizes the importance of focusing on longer-term strategies rather than day trading, particularly in the Forex market.
3. He highlights the effectiveness of breakout strategies, particularly on yen pairs, with stop-and-reverse techniques to capture trends.
4. Goodwin stresses the need for thorough testing and robustness in strategy development, including using out-of-sample data.
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