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  • #1
  • First Post: Nov 13, 2005 9:55pm Nov 13, 2005 9:55pm
if so have a listen to this. It runs for 55 minutes but tends to turn into a commercial for the final 25
http://www.tradethemarkets.com/video...n11102005.html
  • #2
  • Nov 13, 2005 10:43pm Nov 13, 2005 10:43pm
Quoting Beachie41
if so have a listen to this. It runs for 55 minutes but tends to turn into a commercial for the final 25
http://www.tradethemarkets.com/video...n11102005.html
i have been following this guy in the futures markets for years.
  • #3
  • Nov 13, 2005 11:07pm Nov 13, 2005 11:07pm
Thanks for that Beachie, interesting stuff.
Cheers
  • #4
  • Nov 13, 2005 11:09pm Nov 13, 2005 11:09pm
Thanks very much, Beachie Looks like he's got a follow-up next Tuesday on some of his trading setups.
  • #5
  • Nov 13, 2005 11:35pm Nov 13, 2005 11:35pm
Quoting james16
i have been following this guy in the futures markets for years.
yes, I've been following John & Hubert this past year. I've picked up a few nice setups off them.
  • #6
  • Nov 13, 2005 11:40pm Nov 13, 2005 11:40pm
this is another article I've had bookmarked for quite some time. A long read, but worth it.
http://www.elitetrader.com/tr/index.cfm?s=17
  • #7
  • Nov 13, 2005 11:42pm Nov 13, 2005 11:42pm
Quoting bluemeasure
Thanks very much, Beachie Looks like he's got a follow-up next Tuesday on some of his trading setups.
you can find almost all of his set-ups at cbot.com or at least a lot of them. just look in the educational section. i have tried several of his strategies over the years and like most sometimes they work and sometimes they dont. the box play is just a new name for a channel breakout. me and merlin have discussed his gap strategy on another thread, lord only knows where it is. he has a loyal following and has some good stuff worth learning. his main focus has been on the financial futures market and has just recently ventured into the forex market. jim
  • #8
  • Edited Nov 14, 2005 9:18pm Nov 13, 2005 11:48pm | Edited Nov 14, 2005 9:18pm
Quoting james16
...the box play is just a new name for a channel breakout. ... jim
yes, he tends to to take the initial BO of the channel & perhaps add a few pips as a filter, whereas I like to wait for a continuation pullback bar(s) after the BO. You miss some, but saves you also from a lot of fakes outs. If it does fail it usually ends up looking like a 2B top/bottom with harry hindsight
  • #9
  • Nov 14, 2005 1:33am Nov 14, 2005 1:33am
Quoting Beachie41
yes, he tends to to take the initial BO of the channel & perhaps add a few pips as a filter, whereas I like to wait for a continuation pullback bar(s) after the BO. You miss some, but saves you also from a lot of fakes outs. If it does fail it usually ends up looking like a 2B top with harry hindsight
great minds must think alike, thats the same way i play them. with hopefully a little supporting price action thrown in.
  • #10
  • Nov 14, 2005 3:03am Nov 14, 2005 3:03am
I have a complete pdfs series called "Trading as a business", I can't remember where I downloaded from or who sent it to me, but anyone who is interested to get them, please PM me, everybody is welcomed...

I think the series is written by the same guy, and amazingly, the files do not have any copyright disclaimers or anything to show the name of the author..

What makes me sure that it's the same author is that he is heavily relying on the TradeStation software just as Merlin does


Thanks,

Nader
  • #11
  • Nov 14, 2005 4:23am Nov 14, 2005 4:23am
Is this the link you mean?

Quoting narafa
I have a complete pdfs series called "Trading as a business", I can't remember where I downloaded from or who sent it to me, but anyone who is interested to get them, please PM me, everybody is welcomed...

I think the series is written by the same guy, and amazingly, the files do not have any copyright disclaimers or anything to show the name of the author..

What makes me sure that it's the same author is that he is heavily relying on the TradeStation software just as Merlin does


Thanks,

Nader
  • #12
  • Nov 14, 2005 4:42am Nov 14, 2005 4:42am
Quoting Isotonic
Is this the link you mean?
Ya I think that's the link Iso, you are one hell of a man


Thanks,

Nader
  • #13
  • Nov 14, 2005 10:47am Nov 14, 2005 10:47am
Never tried that particular style, but I looks like something I can incorporate into my tool chest. Great link!
  • #14
  • Edited 1:42pm Nov 14, 2005 1:36pm | Edited 1:42pm
The trading psycology part is interesting, but the channel breakout technique is nothing specially really. It's not the way I personally play channel breakouts myself. His take of simply putting a buy-stop order few pips beyond each side the channel is overly simplistic, very risky and very wishful-thinking. Many times, channels perform "fake breakouts", spiking above/bellow the channel boundaries just to bounce right back in afterwards. You need to confirm the channel breakout (with whatever criterias you follow) before jumping in like a madman.
  • #15
  • Nov 14, 2005 6:17pm Nov 14, 2005 6:17pm
I really enjoyed that, great stimuli!

thanx
HJ
HeavyJ -"Posterboy for Spellchecker!" "Will work for pips!"
  • #16
  • Nov 14, 2005 7:51pm Nov 14, 2005 7:51pm
Thanks, i liked his box stratagy
Fdisk Please I just want a few pips. Is that too much to ask?
  • #17
  • Edited 4:15am Nov 15, 2005 3:56am | Edited 4:15am
Quoting Beachie41
yes, he tends to to take the initial BO of the channel & perhaps add a few pips as a filter, whereas I like to wait for a continuation pullback bar(s) after the BO. You miss some, but saves you also from a lot of fakes outs. If it does fail it usually ends up looking like a 2B top/bottom with harry hindsight
Exactly, that's the way you play breakouts: you wait for the breakout to pull back and bounce back off the channel border that's been broken (target = channel width, but I personally aim for a 20% less for safety).

Otherwise you'll be eaten by fake outs. You will miss some moves, but your accuracy % will be much higher.

It's also how I trade pivot breakouts.

See picture attached.
Attached Image
  • #18
  • Nov 15, 2005 4:35am Nov 15, 2005 4:35am
Spot on...always wait for pullback to near break level and then take your position. You can set limit orders for pullbacks with stops on other side of break level. Excellent risk:reward with take profit defined by pattern height. Can be done on any chart, any timeframe.

Should be in every traders toolbox this one.

Quoting WTB
Exactly, that's the way you play breakouts: you wait for the breakout to pull back and bounce back off the channel border that's been broken (target = channel width, but I personally aim for a 20% less for safety).

Otherwise you'll be eaten by fake outs. You will miss some moves, but your accuracy % will be much higher.

It's also how I trade pivot breakouts.

See picture attached.
  • #19
  • Nov 15, 2005 9:58pm Nov 15, 2005 9:58pm
Here's the followup: http://www.tradethemarkets.com/video.../gain1115.html


Thanks to Beachie for the first webminar.


Regards,

matsu
  • #20
  • Nov 16, 2005 6:18am Nov 16, 2005 6:18am
I forgot to add about channel breakouts: only take those valid breakouts that do so in the direction of the trend. Avoide those against the trend.
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