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Monday, 31 December 2012

Wrong Trade to Sell Euro; David Israel /ProTrader



Program Name: Money and Business with Samuel Ezerzer
http://www.radio-shalom.ca/site/emissions-1042



Hours : Wednesday live at 4pm, rebroadcasted Sunday at 3am and Monday at 7pm.
Description: The Money & Business Show is the only pure Business show, live in-studio direct from Montreal. The show focuses primarily on the Canadian, United States, and the international economy through a Canadian lens. The show is informative, exciting, and sometimes controversial, encouraging healthy debate.



WhiteWave Trading Strategies Ltd.
Interview with top trader from Chicago David Israel 
http://www.whitewavetradingstrategies.com/



CONTROLLING RISK THROUGH TIMELY TRADE IMPLEMENTATION
Get a broader look on the World Markets and plan your trades with minimal risk for maximum returns. WhiteWave clients trade from both sides of the market with varying goals. Traders of all trading strategies profit from an expert’s view of market movement focusing on world capital flows.

WhiteWave’s A.M. Look: A focus session of relevant market drivers that pinpoint directional money flows.
The A.M. Look is a concise distillation of the primary capital flows to be aware of throughout the day, delivered well well before the US session begins. The breadth of coverage includes:


Foreign exchange, global interest rates, stock indices, broad market sectors and specific stocks, ETF’s, and commodities.
Markets with key signals pending are primarily highlighted, while Medium and long term views summarized;

The Professional service level includes alerts and updates throughout the day as patterns develop.
Daily View of market movement and where the money is flowing.

Key Levels and Pattern Alerts across International Currencies, World Bond and Stock Markets, Commodities and Metals.
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Join the growing group of professionals starting their day with a time-sensitive, actionable risk outline. Sign up today for a free trial of WhiteWave Professional.



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December 15th 2012




All stock traders had their good and bad days. In my years of trading in stocks, index futures, commodities, and options, I would say that I made a lot of mistakes and therefore lose money or make profits lesser than what I am supposed to earn.

The worst of all these was that I kept repeating my same mistakes again and again. I knew where I had gone wrong in my trading strategies. Today live from the trading capital of the world in Chicago is david Israel who will discuss how to trade like the PROS ,  Today we look at  the financial speculation as a serious business and today on the money and business show we are committed to unlock the secrets of the stock markets. It is one thing to know the workings of the stock markets, and another to get rid of our natural habits that are not built for financial investment and speculation profession. David will demonstrate how to improve our trading skills and accuracy as well as getting rid of the bad habits that is in-built in us that cause us to lose money in the long run.

My name is Samuel Ezerzer, your host to the Money & Business show on Radio Shalom, CJRS 1650 AM. Thank you for tuning in live with our Business studios headquarters in Montreal, the financial capital and the home to the greatest hockey team, the Montreal Canadians. We have another great show for you today and as always, you can call if you have any questions, comments, or criticisms on today's topic. Please call us direct at 514 738 4100 ext 200 or email me at moneyandbusinessshow@gmail.com if you have any inquiries. You can also visit our website at www.radio-shalom.ca – all our shows are archived there.






Biography



David Israel is President & CEO of Whitewavetradingstrategies

David Israel graduated from Business School @ Boston University & University of Colorado

In 1974 david Israel came to Chicago while in the interview process with a major U.S. Paper Company, he watched a cattle pit opening at the Chicago Mercantile Exchange and he immediately knew that was where I needed to be. 2 days later, he started at the bottom  to get my foot in the door for $60 a week clerking for Barry Lind

Barry created financial futures. His brain child he gave David Marching orders to go to the other side of the room and to get involved. They Became a full member of the International Monetary Market division of the Chicago Mercantile Exchange in 1975. First Job was as a Currency Arbitrageur when the major currencies were still posted on Black boards.
The Financials were always our main focus, however we traded all the Commodities as well

What followed was 20 years of successful floor trading, Independent market making in Gold,Currencies, S&P 500 Futures, T-Bills ,Bonds, Eurodollars..

David co-founded one of the first proprietary trading groups  @ the Chicago Board of Trade with his protege trading Dow Jones Futures. A year later they moved back to the CME to trade Nasdaq, where we were one of the single highest grossing groups at that exchange. " We retired the team in 2002 and our employees all went back to grad school after making millions"



After a short Hiatus Whitewave was born.
WhiteWave Trading Strategies Ltd. is a highly specialized Boutique Shop, focusing on the individual needs of a diverse worldwide clientele. Born from Proprietary Trading, WhiteWave has over three and-a-half decades of experience trading Stocks, Bonds, Foreign Exchange, Options and Commodities.
David’s clients include Head Traders at Hedge Funds, Chief Market Makers, Proprietary Traders, Professional Traders, Private Wealth Managers looking for hedging strategies, and Private Wealth Clients looking for a filter on their buy side money managers.



Question


What does it take to be a
professional trader?

Answer:
patience

Good technical skills..."why" the chart
Patterns always foretell a story line
Change. discipline..sticking to a game plan with a
Defined out. willing to be wrong and not get emotional
...you're either wrong the level or you're just
plane wrong the scenario. Intelligent Risk
management.

Vision...since markets are so interconnected
you have to be able to see and understand
how other markets effect the instrument
you're going to trade!!!
it's just as much about what not to do as
what to do!!


2) Question...your site says you trade to
make money, doesn't everyone?

Our focus is to have a plan and make
money consistently not be a 1 hit wonder.
Answer: many market participants trade
fundamentally with no regard for Risk
management.
This is the I'm right crowd and the market is
wrong.

There is a huge difference in trading to be right
and trading to make money.
Interested parties can go to our web site, sign
up for a free trial and we’ll send you our white
papers…A Traders Blueprint + The Greatest
Trading Mistakes…Based on My own painful
experiences.

3) Question...you've been at this for a
long time, how do you know when and
where to trade?
Answer: we use a matching method of lining
up various instruments to telegraph turning
points both long and short term.
We've found that 99.9% of professionals we
speak with do not fully understand how to put
the board together,
meaning matching up world Bond and equity
levels which will be reflected by the Currencies
and various Risk commodities.
We could speak for well over an hour on this
subject alone…Check our Glossary on our site
to Fully understand what a Risk On or Risk off
trade is and the potential ramifications.
you'll learn how the markets interact and what
to look for.

We then look at the entire board to chose
lowest risk instrument to trade.
I.E.


4) Question...You've been trading
currencies since they were quoted on
Blackboards as an early member of the
IMM, could we speak about FX and in
particular the USD/CAD.

Answer: The Canadian Dollar is what is
considered to be a Risk currency or Commodity
currency.
when the Equity markets are in buy mode "
Risk ON" the Canada is a recipient of those
flows for the obvious Fundamental
reasons...strong ties to the U.S....resource
rich...good governance with liquid capital
markets.
The opposite is also true when people shun
Risk, the Canada will under perform.

5) Question: Why do you spend so much
time looking at the cross rates?
Answer: The crosses tell you whether it's
a straight dollar trade of a realignment of other currencies

It is imperative in knowing how much you
can make on a trade and it's risk profile..
I.E. all the fundamental guys have been telling
me they want to be short the Euro..
we've been telling them for 5 months this is
the wrong way on the crosses EUR/JPY &
EUR/AUD,
which means you should be buying the hard
breaks not selling them. Strength is these
crosses are also reflective of
a general Risk On Bias in other asset classes.
You need to do the trades when the market is
set up to reward you, particularly if you won't
trade from both sides.
I.E. Fundamental investors have been looking
for a realignment..( a weakening of the yen all
year) it wasn’t until sept that you could do the
trade and get rewarded.
back to the canada..right now the straight
USD/CAD is stuck in a small range, however
there is a big realignment
going on versus the yen. CAD/JPY...Long
Canada/ Short Yen.

6) question: Do you have a prediction for
the equity markets of the currencies going
forward.

Answer: we're in the here and now, trade
what's in front of us business. We generally
have a bias. Since our client list runs the
gamut from hedge fund guys to professional
day Traders and Private wealth clients looking
for
at least a 10% move before there interest gets
peaked, we write what we see.( what we feel is
germane to them making money on a daily as
well as a weekly basis.


WhiteWave’s A.M. Look: A focus session of relevant market drivers that pinpoint directional money flows.
The A.M. Look is a concise distillation of the primary capital flows to be aware of throughout the day, delivered well well before the US session begins. The breadth of coverage includes:
Foreign exchange, global interest rates, stock indices, broad market sectors and specific stocks, ETF’s, and commodities.
Markets with key signals pending are primarily highlighted, while
Medium and long term views summarized;





Undergraduate Work: Business School @ Boston University & University Of Colorado

In 1974 I came to Chicago while in the interview process with a major U.S. Paper Company.
I watched a cattle pit opening at the Chicago Mercantile Exchange and I immediately knew that was where I needed to be.
2 days later, I started at the bottom ( As a gopher) to get my foot in the door for $60 a week clerking for Barry Lind

Barry created financial futures..his brain child...he gave me Marching orders to go to the other side of the room and to get involved.
.
Became a full member of the International Monetary Market division of the Chicago Mercantile Exchange in 1975
First Job was as a Currency Arbitrageur when the major currencies were still posted on Black boards.

The Financials were always our main focus, however we traded all the Commodities as well

What followed was 20 years of successful floor trading, Independent market making in Gold,Currencies, S&P 500 Futures,
T-Bills ,Bonds, Eurodollars..

David co-founded one of the first proprietary trading groups  @ the Chicago Board of Trade with his protege trading Dow Jones Futures. A year later they moved back to the CME to trade Nasdaq, where we were one of the single highest grossing groups at that exchange. " We retired the team in 2002 and our employees all went back to grad school after making millions"

After a short Hiatus Whitewave was born.

President & CEO of Whitewavetradingstrategies


WhiteWave Trading Strategies
www.whitewavetradingstrategies.com
info@whitewavetradingstrategies.com

WE ARE NOT AN INVESTMENT ADVISER

The information provided is solely for your personal use and for your benefit only. WhiteWave Trading and the author of this e-mail assume no responsibility for your trading results. There is a high degree of risk in trading.