About me
My name is Bryce Gilmore
I have been in the trading business in excess of 35 years with over 25 experience in the futures markets and I know the difference between good advice and the typical "snake oil" that is peddled around this industry.
This site offers resources that can teach you to trade to win and give you an edge in the market. If you are a professional trader or if you aspire to become one , there is something valuable for you here.
Anything I am prepared to tell you is well worth listening to. I would go as far as to say that if I can't teach you to be a successful trader then no one else can. That's a promise.
Editorial:
Beyond the year 2002 all I have seen happen within the investment industry has been pure turmoil. The stock market and the real estate markets have gone from boom to bust once again, leaving the naive investor holding the bag.
How do you avoid future instances of a repeat situation?
The only way you can do it is to become smarter and follow a practice that allows you to personally stay in charge of your own situation. Following market guru's and brokers advice is a no win situation all you will become is the bag man!
Historically stock markets trend up or down on a month to month basis, Sometimes they trend up for longer and sometimes they trend down for longer. Nevertheless they do exactly the same thing on a day to day basis and cover 10 times the ground won or lost on a month to month basis. If you can learn to buy or sell when it is appropriate you can enjoy the apportunity to profit most days over a monthly trading range.
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Now I am semi retired I have had time to assemble some simple rules for new entrants to the trading business to follow for success. Although I use the S&P market for all my examples the method/approach is applicable to all markets.
In 2007 I published my work on day trading principle under the title PRICE ACTION. The trading set ups I describe in the PA book are the "nuts and bolts" for anyone who wants to become a professional trader. The PA book contains an approach to follow with the desire to make regular short term trades with a high probability of success. The criteria I recommend is to only take trades with a low exposure to risk - all the set ups I recommend are explained in the PA book. In fact the bottom line approach is explained with an abundance of classic examples. The real test for any successful trader is being able to follow rules; with the 10+ set ups I describe in the PRICE ACTION book there is one for just about every possible market occasion.
To learn my method you first have to understand that technical traders have rigid rules they will follow day in and day out. The endless possible combinations they trade off are impossible to track unless you have a mechanism to track them in time frames ranging from 5 minute bars and higher usually 5, 10, 15, 30, 60 and daily patterns. This is where the WaveTrader III comes to your aid.
The daily market flow is normally dependent on market mood and yet this can change daily as well as intraday, BUT usually when an intraday market flow reverses direction there are always 3 or more reasons due to simple price relationships forming between the swing progress and the chart patterns at the time.
I can give you some examples here to get your interest but they will only be skimming the surface, you will have to study the bulk of my material to really understand the way you can utilise my method and the WaveTrader software to make a success day after day and week after week .
My favorite trade set ups are my 1:1 set ups. Then I have combinations of XABCD swing geometry that is very important. I also have some trend filters that need to be understood if you want to pull it all altogether.
I could show you thousands of examples where the market swings arrive at levels on a daily basis to indicate BUY or SELL signals either short term or longer term. There are breakout trades, breakback trades, distribution trades, accumulation trades and pure geometrically oriented reversal trades like 1:1's, combination retracements or combinations of a variety of the of my XABCD geometry. They all work with a high degree of repetition.
The main point though is that you have to be there on the job to recognise them when they come along and then you won't have any reason to doubt them when they come to pass.
My method is not about forecasting in anyway, it is about acting on the chart position when you get the right signals to make a trade.
THE REALLY IMPORTANT THING ABOUT TRADING TO WIN...
Is you have to make the decision to place a trade when you can see the right reason why it should be done.
Do you want to ignore all the possibilities in the future or do you want to learn from a source who has already spent more years than you could imagine arriving at a procedure to implement the winning plan.
Our WaveTrader software is the best tool for you to have if you want to succeed. There is no question about it. There is no other source of trading information out there to compete with it.
Links to important information are below.
On a typical day in the market the patterns and the geometry will unfold in ways only the "inner circle" of informed traders will understand. The market is always sending out signs to tell you when it is holding trend or reversing direction. Have a look at these examples and ask yourself where does the order generate from? Is it by chance or is it simply because traders act on certain technical events. At the end of the day you will only come to one conclusion - traders rule.
If you can learn these SIGNS you will be in a position to initiate trades both long and short that have a high probability for a successful outcome. My method will continually give you precise levels to act upon. In most cases the leeway to be long, short or out of the market can be defined to a 6 tick support or resistance zone. There is no need to take every trade signal, you can pick and choose your own parameters for a trade based on my teachings. At the end of the day you can choose your own winning way.
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The WT patterns will tell you the levels that are important to be buying or selling at. If you are aware of them how can you go wrong?
Can you afford to ignore the things that will repeat over and over within the market flow? Basically the "smart money" are controlling the market ups and downs using technical analysis procedures derived from short term market movements. And they are doing it everyday of the week.
Please Note:
My PRICE ACTION method is an intraday trading method for working the trading habits of the professional traders in the market. The method relies on knowing certain intraday pattern configurations that have been reliable in the past. These patterns can also fail when there are overriding market influences but when they do they also provide a trading signal. I do not give investment advice and I do not want you to think I do. I am not a licenced investment advisor and I have no affiliations with the investment fraternity. I do not care where the market goes each day just as long as it goes somewhere. If you are looking for investment advice you should consult a licensed investment advisor suitable for your needs and your personal situation.
Bryce Gilmore.
aka BBG
