Should you trade one strategy, or more than one?

And if so, how many, right?

Well, our first suggestion; Never keep all your eggs in one basket.

Why? Because if the basket falls to the ground, all of your eggs will shatter leaving you with nothing. In the same way, we as traders should look to diversify our trades, across both strategies and markets, instead of putting all of our money in one single place. Diversification, if you will.

Now, doing this is proven and it’s increased the chances of survival for many, even during highly volatile market conditions. It’s the reason property investors don’t just own one single property, or why a golf player doesn’t have just one golf club. It’s all about spreading your risk, and opening yourself up to opportunity.

The concept that we want to introduce today is ‘strategy diversification’ and the concept is undoubtedly a key element in managing risk in the financial markets, whether you’re trading stocks, foreign exchange markets, commodities markets, whatever instrument you choose.

Now, you may ask, why do I need to diversify my risk and the strategies I trade? Does that mean I’m going to lose in one market and win in one market, thus making my gains small and my progress slow?

Well, the question is a valid one and an important one. It shows that you understand the big picture, and we’ll answer the question together by introducing another concept called ‘risk diversification’. Risk diversification allows us traders to mitigate the risk of huge losses in case the market suddenly moves against us. To dive deeper, we need to consider combining markets to aid diversity or currency correlation considerations, time-zones issues, timeframe suggestions and which timeframe fits traders best, ok.

So, when deciding which markets to trade, we need to understand the concept of market-correlation. The topic is rather complex but it is very important to understand because this will distinguish you ahead of the majority of other traders out there who either don’t know this, or who ignore it.

So let’s list some examples of market-combinations for you to study.

Firstly, Crude Oil and Canadian Dollar pairs – The price of oil and the Canadian dollar are negatively correlated. This means that when oil prices rises, typically the price of the Dollar-Canadian Dollar will fall.

Secondly, Gold and the Australian Dollar with the United States dollar currency pair. The price of Gold and the Australian Dollar are positively correlated. Australia has a big influence in gold mining hence when the price of gold rises, the Australian Dollar versus the United States dollar will also rise.

And thirdly, the Japanese Yen and the United States stock market. Japan is known to be a country with very low interest rates; Hence it’s the most desired currency for borrowing. Traders generally will borrow in Japanese Yen to take advantage of the low interest rate, convert the Japanese Yen borrowings into US dollars and then invest in the stock market. As such, there is a positive correlation between the United States Dollar with the Japanese Yen, alongside US indexes such as the S&P 500 index.

And just as a side-note, we’ve added a reference here, this being the Blackwell Global research piece, titled ‘Risk Diversification In Forex’:

Next, let’s discuss time-zones. As we’re all aware, the forex market is a 24-hour market, and there are 3 important sessions during the day, those being the Asian session, the London session and the New York session. For traders in Asia such as in Singapore, Tokyo, Hong Kong and Australia, the currencies in focus would likely be the AUD/JPY, USD/SGD, USD/JPY, NZD/USD and NZD/JPY.

By applying the currency correlation concept above, traders in this part of the world can choose to trade during their time zone and still take advantage of market volatility during the Asian sessions. In term of applying our own WBTrading strategies in Asia, traders can consider applying the Price Reversion strategy to the Australian Stock Index as one example of where this edge performs incredibly well and produces sizeable, frequent profits. And for those who are already clients, you can find this data inside the ‘Price Reversion’ segment of the course-contents inside your account.

At this stage, our content writer Azri wanted to share his favourite strategy, the ‘Higher-Timeframe Bias Bar’ strategy, which can also be used during the Asian session. As a trader based in Australia, Azri’s favourite currency pair to trade is the AUD/JPY and the NZD/USD. He focuses on these currencies as it provides him with exposure to 4 major currencies which are the Australian Dollar, the Japanese Yen, the New Zealand dollar, and of course the mighty United States Dollar. Having positions in both currencies helps with the currency correlation as well.

Next, let’s discuss timeframe suggestions and which may suit a trader best.

Many traders, including Azri and myself too, have a busy life. We all do, right. And Azri is also happy to share that he’s just welcomed a newly born baby boy in to his family as well, which was great to hear. He’s Azri’s third child, along with an 8-year-old boy and a 4-year-old daughter. As you can imagine, life can certainly be hectic for him!

Now, he did mention earlier that his favourite strategy of the four key strategies that we trade here at WBTrading is the ‘Higher-Timeframe Bias Bar’ strategy, and because of how easy to trade and how hands-off this edge is to trade, requiring just minutes per-day, this strategy works well for him in his busy everyday life. He just has to check the charts every 4 hours, due to using a four-hour timeframe, and he also focuses on just two currency pairs.

This solves the time-zone issue and the currency-correlation issue and also the having a busy life issue, too. All in one strategy, every problem is solved. And since we’re on this topic, I’d like to talk briefly about the concept of ’less is more’. See, many traders out there think that in order for you to make money as a trader, you have to open lots of positions, on many markets, through each trading day, and you have to make hundreds of trades a month, and so on.

For Azri, it’s all about quality over quantity. Now, for those who are clients of ours, we all have two short-term intraday strategies and two longer-term swing-trade strategies at our disposal, and this is more than enough for us to be consistently profitable traders, as we all are. The key is, as I mention continuously, letting the probabilities play out, letting edge play out. And in Azri’s experience of using our WBTrading strategies, along with being disciplined in his risk management, the results always come.

If you think about it, every time we lose, we lose just -1R and when we make a profit, we make many times this. Sometimes well into the double-digits. And in Azri’s case, via the Bias Bar strategy, when he is right he makes +3R which is the target he likes to use.

Since January 2021 to date, he has grown his account to +15R by just doing the exact same thing every day. Every time, he just places a trade, and he considers the golden rules; One, he risks no more than 1% of his capital, and two, he takes profit at +3R via the Bias Bar strategy, and checks his charts every 4 hours only, just for a minute or two. In essence, his trading day is just minutes in length, and he’s profitable continuously. Let me ask, how many minutes or hours do you trade every day?

If it’s longer than a single hour, in many cases, you’re actually doing something wrong!

Now, for people busier than Azri, we have good news for you, too. The daily time-frame can also be used to trade the ‘Higher-Timeframe Bias Bar’ strategy. Granted, you may not be in an open-position all of the time, but you do have the luxury of having a larger stop-loss allowing you to weather short-term fluctuations in prices.

And as an added resource, participation in our ‘Mechanical Alert’ group, which is open for clients-only, can be useful too, as our trader who runs this does all of the work for us in finding trades, making us aware of the orders he’s placing, and so on. All we need to do is literally copy his trades all day each day. Again though, this is not available publicly, it’s simply an add-on for existing clients. Azri also mentions that he’s been very impressed with the trader’s performance.

Now, before we end, Azri wanted to address a trading consideration for any America-based traders. This being, that the Session Momentum strategy can be utilised with the S&P 500 index with favourable results. Again, we’ve added the relevant data to the course portal for you to illustrate this.

As for our Price Reversion strategy, again, the ASX index is also suitable for America-based traders as the reference time is using Sydney’s timezone. So, you see, for America-based traders they can trade in the morning using perhaps the S&P 500 index, they can then go to work, spend time with their families and then in the evening they can trade the ASX index, too. And in between of course, they can check for Bias Bar trades via United States dollar-based currencies, meaning very minimal screen-time, very profitable results long-term, with very little stress on top.

It doesn’t get much better.

So, what to do next; Make sure that you aren’t trading correlated markets. It’s a big no-no. Make sure you’re trading with edge, and if you aren’t, we can help. Head over to our website, and you’ll find our strategies there waiting.

Anyway, we hope that helps, we hope that’s added value for you, and from me and the team here at WBTrading, trade with edge, with consistency and have a great rest of the week.

– To your success.

WBTrading team.

What Separates Winning Versus Losing Traders?

What do you think separates winning traders from losing traders?

I’ll say one thing…

No-one comes into trading excited to work on risk-management and discipline, they’re not very exciting are they. But quitting the rat-race? Working for yourself, from home, on your own terms, and having the ability to literally make a living via a computer and an internet connection?

That is exciting.

And all of that is possible when you’re consistently profitable, but, not until you can understand and respect risk-management and most importantly, discipline.

Let me ask you a question. And alongside your answer, think about the results you’ve seen within your trading recently…

When you take a trade, do you know exactly where, when and why you’re getting in, and do you know exactly where, when and why you’re getting out?

Now, if you’re thinking:

‘Yes, I do know those things, but I don’t quite do that’,

And maybe you’re a trader who doesn’t quite run trades to target. Or maybe you move your stop to break-even, get stopped, then watch the trade run on to target. Or maybe you’re a trader who skips trades because although your trading plan says you should be taking them you don’t quite ‘feel’ right about them, you second-guess yourself and so on.

Or maybe you adjust your stop-loss and end up taking a bigger loss than you should have on a trade, and this is negatively affecting your edge, etc.

If you’re doing any of these things then I’d imagine that you most likely aren’t profitable. But, the thing is, saying that,

You shouldn’t actually feel bad about it at all, because you’ve just inadvertently identified why you aren’t profitable yet, and that’s because you’re making these mistakes, so – And I know this sounds simple, but honestly – If you can just remove these stumbling blocks, you’re a profitable trader.

As long as you have a strategy that provides edge, literally all you have to do is trade well, with consistency and without making any of the above mistakes. It really is as simple as that.

The thing is I’ve been there, I’ve made these mistakes myself. I’ve exited early. I’ve mis-sized positions and taken bigger losses than I should have. I’ve got in late and then hit target but skewed the reward. I’ve skipped trades out of fear and then watched them run to target, …

And on and on and on.

But thankfully the thing that saved me was:

Keeping a checkable, verifiably log of my strategies’ trades.

In fact, it’s the reason why I share the trade-log for every one of my strategies with my clients inside our programmes. So that they can see that the strategies are profitable before using them.

And after seeing them work on paper, after checking this and confirming this?

They trade with so much focus and confidence that the money makes itself.

Now, journaling is easy. Identifying the mistakes is easy. It’s removing them that’s the hard part. But if you can just do one month or one quarter where you literally follow your strategy rules to a tee, and see the results, see the money start to come in, it will change everything.

The confidence that you’ll take from that can really change your trading.

So, where to go from here?

Use your strategy rules to build a sheet showing last weeks’ trades. Last months’ trades. Last quarters’ trades. And prove to yourself that your strategy works.

From there, with that confidence and verification done and in-mind,

Just follow your rules. Every day, repeatedly.

And the money really will take care of itself.

– To your success.


p.s. Don’t have mechanical rules yet? If not, grab mine here.

The Only Way To Guarantee Success

One of my mentors once said to me;

Will, if you want to succeed, …

– Make a list.
– Do the list.
– When?
– Now.

At the time I thought it was a bit ‘away with the fairies’.

I thought it was pretty basic, bog-standard advice.

I had no idea, not a clue, how powerful a simple list is.

The thing is, when you right something down
and commit it to paper, it makes it real.

It ‘glues’ it within your subconscious.

It almost forces you to take action.


– I’ll strictly manage risk at ‘x’ percent, no deviation.
– I’ll execute flawlessly as my setup triggers, without fear.
– I will analyse performance after 100 trades, not before.
– I will not mis-manage or deviate from my trading plan.

It sounds so “basic” doesn’t it, and yet you’d be blown
away by the amount of traders who’ve never
committed their actions to paper and
‘committed’ to them.

…and they wonder why they
constantly self-sabotage, etc.

The thing is, 99% of people spend their entire lives
trying to get around the fact that you have to
execute to get the train moving.

They search near & far, high & low for the quicker,
easier, faster way that requires less effort, less
commitment, less grit, and less balls.

They want the sure thing to be promised to
them before they agree to do the work.

It just doesn’t work that way.

Stop searching and accept the simplicity of success:

– Make a list.
– Do the list.
– When?
– Now.

This is the only way to guarantee success.

Anything else is a waste of time, energy & life.

—To your success.


p.s. Thanks as always for the inspiration, Andy.

You Can’t Fake A Live-Room…

One thing I hate about this business is the fakes and the fraudsters, the scammers and the charlatans, masquerading their ‘technical analysis’ as viable, profitable strategies when all these ‘strategies’ do is teach the same old trend lines, the same old support and resistance, the same old indicators…

Nothing new, and nothing that genuinely provides profitable, statistically-proven sources of edge, as my own strategies do.

But to this day, even after physically trading my edges live, in real-time over at my Youtube channel, even after literally sharing screen-shots of my trade journal showing genuine trades taken including exactly where I got in, where I got out, the date, the time, everything, black and white proof of performance, I’m still asked on occasion to prove myself and my strategies…

In my mind, there was only one thing left that I could possibly do to prove my being genuine;

There was only one thing left to do to prove that my strategies deliver profitable results, and that was to trade live, in-front of an audience of traders, calling trades to them in real-time…

…and this is exactly what I did yesterday morning.

Talk about putting myself and my strategy/s on the spot.

So what’s the story?

I was approached a short while ago by Sat from the DAX Masters live-room to let me know that their trader – Amit – Was going to be away on holiday during the coming week, and asking if I’d put myself on the spot and whilst not sharing the in’s and out’s of my strategies, would simply call my trades to their members within the room, live, as I executed.

I jumped at the chance, said Yes, and around came Monday morning. I entered the room thirty minutes before the open, introduced myself, and as usual, sat waiting for my mechanical DAX strategy setup to form, telling me to take a trade.

By the way, if you aren’t already aware of how I trade – That being mechanically, by using rule-based strategies – Click here.

A few minutes after the open, I was given my first trade. I called this to the room, and took a -1R loss just a few minutes later.

No biggie, losses happen, and they’re always capped at -1R.

A few minutes later, my second and final trade – As I only take two entries per-day via my DAX edge – Presented itself, and came with a hell of a profit-target to boot.

We were aiming to bank +81 points and a huge +5.8R if we were right, so I executed and called the trade, live and in real-time, to the room members;

In we went, with both my money and my reputation on the line, in front of a room of traders all putting both their trust and their hard-earned money on the line with me.

What happened next?

…the trade headed for target, approached +4R and stalled. Nothing. Consolidation, a slow grind sideways, right between entry and target.

Just a few times each year the DAX strategy doesn’t reach target on the day and leaves us waiting in anticipation overnight. This, the one day I trade in front of a room full of people, turns out to be one of those days.

I let the room know the plan, and close Skype for the day.

The next morning as I open my broker to see how the market moved overnight, I found the worst – The position has crawled back upwards towards our entry, fast-approaching our stop-loss, and currently sitting at just +0.2R in open-profit, a far cry from the just over +4R we’d reached the day before and miles away from our target.

But, as ever, the strategy is mechanical and I confirm this with the traders in the room. “All we need to do is follow the rules. No moving to break-even, no adjusting our stop-loss or our target. We sit tight and let our trades conclude without acting on emotion”.

See, most traders would’ve snapped by now. In fact, a few traders did. Some panicked and took +2R, some panicked just before the close on the first day and took +3R, some moved to break-even and were taken out of the trade with nothing during the retracement on day two, and this is exactly why mechanical strategies are so profitable;

Mechanical strategies remove the need to do the above entirely. They remove all of the stumbling blocks that hold so many traders back…

…if you can follow the rules, that is.

So, what happened next? …free-fall.

After taking us back into negative territory, and almost stopping us out, the DAX ran South and never looked back, hitting our take-profit and rewarding both myself and the the other traders who stood-firm and traded the edge with a huge, huge winning trade.

+5.8R and +81 points banked, in one trade.

It was great share this with the members of the room, and as our take-profit was hit, in came their feedback;

As you can see, it was not an easy ride, but as ever, process provided results and those who acted on emotion, who acted on fear and greed, who failed to manage risk, either took a small win, or no win whatsoever, missing out on a huge account-gain because of their use of discretion.

…sound familiar?

The thing is though;

As the strategy is mechanical and rule-based, anyone with the rules saw this trade setup and was told by the strategy exactly where to enter short, exactly where to put their stop-loss and exactly where to put their target, banking the win when we got there.

Yes, if you had the strategy you’d have taken this exact trade with me, with the traders in the room and with the other traders who’re trading the strategy.

Listen, I’ve been there in regards to the above mistakes, I’ve made all the mistakes in the book, but if I could tell you one thing that will undoubtedly change your trading for the better, it’s this;

Remove the stumbling blocks, implement a proven process, consistently, and you will achieve consistent profitability.

It’s all that’s required.

If you’re losing money, you’re doing something wrong, and from my experience in working with hundreds of traders now from around the world, the problems tend to stem from the use of discretion, acting on either emotion, or on best-guesses, predictions, and ‘feel’.

Imagine removing all of the stumbling blocks, all of the hurdles that’ve held you back and consistently lost you money so far…

What impact would that have on your trading?

I have good news for you; You can, by learning and implementing statistically-proven mechanical strategies that provides edge and come with a simple set of rules to follow.

Doing so is the reason I trade profitably, consistently, full-time from home today, and if I can do it – I’m nothing special – Then so can you.

…and it’s not just me, either.

Nic, who’s feedback is below, grew his account by +31% within just two short months of trading my DAX and GBPUSD strategies, and even with a modest £10,000 account, that’s an additional £3,100.00 added to his bank account, in eight weeks…

If he can do it, by doing nothing but repeatedly following a simple set of rules, and not deviating from them, why can’t you?

…and if Jack can trade the DAX setup before leaving for work in the morning, and have profit in the bank by the time he arrives at work, what is it that’s stopping you from doing the same?

If you’d like to change your trading, finally putting an end to the losing money, to the making best-guesses, to falling over the same old hurdles and continuing to go around in circles, running on the retail-hamster wheel, click here and let’s change your trading for the better.

– William.

The +410.7 Pip USDJPY Short Trade

I’m writing today about one of the trades I’m asked about most via Twitter and Email, that being the giant +410.7 pip and +8.21R short trade that my D1 Swing strategy handed over at the start of the year.

I live-tweeted the trade throughout the week it took place, from just after execution, through the trade and right up to closing the trade out on Jan 3rd, when I shared my deal-ticket directly from my broker, IG.

So, how did the trade come about?

As usual, I manually scanned through the major currency pairs looking for the D1 Swing setup. I spotted this within a few minutes via USDJPY and took the trade without any hesitation, second-guessing, or time wasted.

I managed risk, executed, and walked away.

A few days later, the position had began running in our favour and never looked back. Within just below a week we were up approx. +150 pips and looking good, with no exit-signal in sight and nothing to do but sit on our hands.

As we passed Christmas and moved into our second week holding the trade, there was still no looking back for the trade as price continued to dive. There’s no better feeling than seeing your edge play out in the form of a trade of this size and as usual, there was nothing to do but to stay patient whilst awaiting our exit-signal.

Finally, the exit signal presented itself as we saw USDJPY take a plunge just a few days into the New Year, and out we came with a huge +410.7 pips and +8.21R.

There’s only one thing better than starting the year by closing out a trade of this size, and that’s receiving a message such as the below in my Twitter inbox in the hours following;

Matt joined me on the trade after learning the strategy, banking above +£10,000 on the one position alone. Talk about starting the year on a high.

…and as the strategy is mechanical and rule-based, anyone else with the strategy rules would’ve taken the exact same trade alongside myself and Matt.

Want to learn the strategy? Click here.