Think you know how to trade gaps? Think again. This free video from Chris Lori will change the way you think about market inefficiencies. I just finished watching it and I would recommend it to anyone. [...]
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Think you know how to trade gaps? Think again. This free video from Chris Lori will change the way you think about market inefficiencies. I just finished watching it and I would recommend it to anyone. [...]  Here is quick video on something I do when I backtest. I will go through historical periods when I don’t even place any trades. I just watch the price movement and see if I can identify any patterns that emerge in relation to the indicators that I am using. This is example of one [...]  This is what the holidays are all about. I just got an email today from OU Forex Trader that is pretty amazing. 12 traders/educators got together and are going to give you $7,000 worth of trading tools and educational material if you donate $7 to their holiday charity donation fund. How’s that for [...]  Doing some late night testing. I swear I can do twice as much testing when listening to music. With the new changes in the CFTC rules and my lackluster trading thus far, I am back in the lab working on my trading systems. There were a couple of reader requests to share some of my backtesting, so I decided to do a better job of documenting my testing. Hopefully it will help me to organize my thoughts and maybe give you a few ideas too. Feel free to jump in and leave a comment at the bottom of you have a question, suggestion or if you have the answer to why manhole covers are round. So here we go… The system I am working on is Rob Booker’s CounterTrend/Vortex trade. For simplicity sake, I will just refer to it as the CTT or Counter Trend Trade. The CTT ExplainedIf you are not familiar with this trade, here is a quick explanation: The basic idea is that we are looking for a price move that is overextended and want to trade it back to a mean or central price level. There are different ways to do this, but in this case we are going to use pivot points to determine what is the mean and what is considered overextended. Indicators Used / Timeframe I will only be using the daily pivot point indicator with the central pivot point and S3 and R3 visible. You can use it on any intraday timeframe, but I am using the 1 hour chart. Overextended An overextended price move is defined as a move that hits either the S3 or R3 pivot points. Pairs Traded I have traded this system in the past on the USDCAD, GPBCHF and the GBPJPY. In this round of testing, I will be examining the how to improve this system with the GBPCHF. ExampleHere is a quick video explaining the trade. Previous ResultsThe system works. Check out my trading log (yes, it needs to be updated)…when I was doing really well in early 2010, it was because I was trading some form of the CTT. Click here to continue reading Reconstruction of a Trading System – Part 1 of 3 >> Today I am reviewing INO TV Premium. They also have a free version of INO TV, but there are only 4 videos there. You should definitely check it out, but I really wanted to see what the Premium product was all about. First Impressions Going in, I didn’t really know what to expect. The INO TV website doesn’t really do a good job selling itself, it is hard to tell how many videos are actually in the member website and why it is worth getting at a glance. I got my login ID and password in my email inbox and proceeded to check it out. The site is simple and straightforward, but you kind of have to dig to get to all the videos. Not the most user friendly website in my opinion. The first thing I noticed was the different channels on the right side sidebar. There are channel from pretty much every area of trading. Here are the channels available at the time of this review:
As you can see, there is a great variety of videos out there to watch. But my question was, how many videos are actually in each category? Click here to continue reading INO TV Premium Review – Premium Trading Seminars >>  Green Fairies are scary. I have put my trust in a few over the years and although I learned a lot of lessons, it has usually ended in heartache. In the beginning, they are hard to resist. The lure of their charms promise gorgeous sunrises and excite your imagination. Their claims are fantastic and [...] |
 
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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax adviser if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Click here to read the complete disclosure statement. Compensation Disclosure: Links on this page may be affiliate links in which the owner of this website receives financial compensation if purchases are made through the links. | ||||||||||
