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Trading With Indicators
Specs: 32 mins, 27 secs | 14.9 MB
  Mark Whistler is a full-time Forex trader and Senior Market Strategist for TradingMarkets.com. Here we talk about how Mark trades the EUR/USD and looks for "transparency" in the markets, the indicators he uses (including slow stochastics, Bollinger Bands, MACD and longer term moving averages), how he uses "indication of implied volatility," and how he uses macro-economic information and technical analysis together. We also talks about how his un-orthodox way of deciding how much money he wants to make in the markets each day. Finally, he talks about a great trade he had recently and a bad trade as well. Note: the audio on this one is not great - I apologize in advance.

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Trading With Indicators


TraderInterviews.com: Hi, this is Tim Bourquin back with another Trader Interview this week. Thanks for joining us for another show. Our guest today is Mark Whistler. He is the senior market strategist for tradingmarkets.com. He is also a fulltime professional forex trader. We're going to talk to him about his strategies and overall philosophy of approaching the market. So, Mark thanks very much for joining us on the show today.

Mark Whistler: Yeah. Thank you so much for having me on.

TraderInterviews.com: Well, let's talk about your background. How did you get into trading and then forex specifically?

Mark Whistler: You know, I've been trading for almost 15 years and, of course, like many people I first started trading equities, traded on the floor, did the usual route 07, 63, 55, made market for a while, and then I went to Chicago and worked on the floor of the CBOE as an analyst actually for a while. And, you know, I just found, I hate to say it, but I just found that they're almost working enough thrill to it. And I found what I was looking for within forex, and shortly after my first book was released, I somehow just transitioned into forex fulltime and had been trading forex professionally for almost eight years now.

TraderInterviews.com: Do you specialize in any one of the currency pairs or do you trade whatever?

Mark Whistler: You know, I actually, lately I've been trading the euro-US dollar just because it is a very clean, pure play at present with a lot of transparency within the news. But if I, you know, if I see something that's obviously has a technical signal or some type of economic transparency that I believe that the market will digest in the same manner then I'll, of course, move into other pairs.

TraderInterviews.com: When you say there's a lot of transparency in the market, what do you mean by that?

Mark Whistler:...

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