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Interesting trading approach

  • #1
  • First Post: Feb 7, 2012 8:45pm Feb 7, 2012 8:45pm
Hello

I just saw a new trading video approach on youtube and I wanted to share with the community, Those video are online since February 1, so probably not to many as seen them

"http://www.youtube.com/watch?v=RgOofu7Agms&feature=related"

I'm not in any manner related to this site. I don't promote nor get anything. I found that this is valuable information and I wanted to share it. The guy does not promote nor sold anything from his site so I hope I'm not brooking any rules

Martin
  • #2
  • Feb 8, 2012 5:25am Feb 8, 2012 5:25am
Thanks arjfca, to share it with us. There is really valuable information for us.
  • #3
  • Feb 8, 2012 5:38am Feb 8, 2012 5:38am
OK

Did found an old web page from the same guy, Ivan Krastins
"http://theinvestmenteducator.com/pages/page001.htm" look for the cybertutorial

Interesting as it is interactive.

Martin

Again, I'm not promoting nor endorse any product or services. Only because i truly found it interesting and educative.
  • #4
  • Feb 8, 2012 6:00am Feb 8, 2012 6:00am
Quoting arjfca
Hello

I just saw a new trading video approach on youtube and I wanted to share with the community, Those video are online since February 1, so probably not to many as seen them

"http://www.youtube.com/watch?v=RgOofu7Agms&feature=related"

I'm not in any manner related to this site. I don't promote nor get anything. I found that this is valuable information and I wanted to share it. The guy does not promote nor sold anything from his site so I hope I'm not brooking any rules

Martin

kind of a suicidal approach more like !

this guy is buying when previous days low is broken, and selling when previous high is broken.

totally against the norm of selling when previous days low is broken, and vice versa.

also, he contradicts himself a few times. says the hourly was bullish when clearly it is a bearish candle.

another one of those millions of videos on youtube that are a waste of time.


by the way, his method is basically entering trades using multiple time frames which aint no big deal. a lot of us including myself do thst already....

AND it is indeed a video to promote his website. so avoid...!
  • #5
  • Edited 7:06am Feb 8, 2012 6:23am | Edited 7:06am
Look at this chart from this morning. I was not at my desk, so I missed it

Obviously, the broke of an old low, even with a down bar could be a signal to go long.

Martin
Attached Image (click to enlarge)
Click to Enlarge Name: Broke previous low.gif Size: 17 KB
  • #6
  • Feb 8, 2012 7:45am Feb 8, 2012 7:45am
Quoting arjfca
Look at this chart from this morning. I was not at my desk, so I missed it

Obviously, the broke of an old low, even with a down bar could be a signal to go long.

Martin

what you have described is not the same as what the guy is saying in the video.

the guy says you need to look out for the break of PREVIOUS DAYS HIGH OR LOWS, not just any low / high. not the same thing.

on your chart you have picked a low point where the market rebounded. thats a good point to go buy. but its not the same as the method in the video.

also, instead of using the guys method you may as well just take previous days high and lows, then buy at break of high, and sell at break of low. totally opposite to what the guy is proposing. you will make more pips that way. backtest it and see for yourself..,.
  • #7
  • Feb 8, 2012 8:05am Feb 8, 2012 8:05am
Hello WhatFx

OK, I understand what you mean. But I do accept the fact that when an old low or high is broken, there is some opposite movement induce

For sure, I don't think Ivan Krastins ( the name of the guy) mean that this is a reversal on the same time frame. A broke of the last day low, could induce a signal to go long for a short period of time and a possibility to catch it in a 15 minutes candle. Enough to gain some profit on this small event. Not a complete reversal.

Just for the fun, do a visual look on this. It seems to work. The way that I understood is that going above or under any old low or high from a longer time scale could be a trigger to go in the opposite direction on a lower time scale. Taking profit from this tiny small event. Nothing more

The market is made by different persons having different view. Without it, there wile be no market at all

Happy trading day to all.

Martin
Montreal, Canada

P.S. please excuse my English, I'm more fluent in French
  • #8
  • Feb 8, 2012 9:15am Feb 8, 2012 9:15am
Hello hapattern

Any start and close of day could be use. Best usage could be to use the same as your broker

My broker is in Montreal so my day would then be the close at 5;00 pm, same hour as in New-York. Best to select day to terminate with major time trading session zone.

More important is to compare orange with orange. Same time day after day for you. Select to chart day bars , and found on a 1 hour chart to see what is the closing price that correspond to the closing price of the day.

Martin
  • #9
  • Feb 8, 2012 10:35am Feb 8, 2012 10:35am
Quoting arjfca
Hello WhatFx

OK, I understand what you mean. But I do accept the fact that when an old low or high is broken, there is some opposite movement induce

For sure, I don't think Ivan Krastins ( the name of the guy) mean that this is a reversal on the same time frame. A broke of the last day low, could induce a signal to go long for a short period of time and a possibility to catch it in a 15 minutes candle. Enough to gain some profit on this small event. Not a complete reversal.

Just for the fun, do a visual look on this. It seems to work. The...

good luck.

i suggest you backtest it , get a few months worth of results and then publish your findings here.

you wanna go for just a small profit on the rebound, then how much profit are you talking about ? and what is your stop loss ?

if your profit is around 10 to 15 pips, then what is your stop ? it could easily reach your stop before realising any profit - have you looked at that ?

also the breakout occurs different time each day.....you will need to be glued by the computer....or set alerts.
  • #10
  • Last Post: Feb 8, 2012 11:08am Feb 8, 2012 11:08am
Good luck to you also whatfx

As I understood, the risk is taken on the range of the bar. If you got a setup with a range of 12 pip and the end result produce a 20 pip gain, you just made 1.66 time your risk. Even if the complete day was a 300 pip range bar.

Risking 100$ per trade / 12 pip = 83k units to trade

83K * .0020 pip ( gain) = 166$. So you have risked 100 to gain 166$

I see that there is no small gain. For sure if you trade a fix amount of units then this wont be useful

About being fixed to the computer, yes, could be as I plan to do it to earn my life. Until I fully execute well every aspect of trading, yes, I will be glued to my chair. It is better than working 9 to 5

Also, stop entry and limit entry is available to resolve the chair time problem, For the moment, I'm working on small time frame so I stick to the screen

Oups, I should stop writing as I just missed a nice setup that would had produce at least 2 time my risk

So enough of that for the moment, I should be concentrate

Martin
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