I’ve received many emails over the past few weeks with questions and comments something like – do your trading strategies work in this volatile market? The insinuation is there are different strategies for more or less volatile markets.
Markets have not changed.
Yes, we have much wider range days than in the very recent past. But the exact same trading strategies used in low volatility markets are used in high volatility markets. Reversals are still made at the same price and time targets, dual time frame momentum is still the ideal filter to identify potential trade setups. The typical patterns made for trends and counter-trends have not changed in any time frame. Nothing has changed to make the same entry and exit strategies of low volatility markets less effective in high volatility markets.
I don’t want to step on any toes or make any one reading this feel bad, but having the idea that successful trade strategies are different for low or high volatility markets is a clear sign of an inexperienced trader.
You will often have to have more initial capital exposure for the same trade setup in a more volatile market than in a less volatile market. But that is easy to adjust for. Either trade smaller size or less leverage. The High Probability Trading Strategies book describes a simple formula to determine the maximum position size for any potential trade setup. If you have already read the book, you know that I’m a big advocate of low to no leverage until you have developed a consistently successful trading plan with consistent, real-world profitable results.
Not only are the old, proven trade strategies still relevant to today’s volatile markets, the high volatility of the past few months have offered some of the best trading opportunities in years.
Robert,
First at all, I would like to congratulated you for the book I am a novice but believe me I have been looking for strategies that make sense and are easy to follow with disciplined and your work is amazing I will get your software next month and start my full time trading… Please if you could add more trade videos … Thanks for your time.
Fernando:
This is a long delayed reply to your comment above, but a new book owners tutorial video was put up today (May 4). I’m back from taking the winter off in S. America and hope to be back to a schedule of a new video at least every two weeks.
Robert
Hello Robert,
Will appreciate an honest response to the following. financial market trading has always interested me.I begun reading my first book Buffet:the making of an American capitalist where I learnt the 3 golden rules of patience, discipline and rationality.
With time progressing(& me realizing I need more than 3 golden rules) I read numerous other books from Cramer’s stuff to on line articles.
I finally bumped into fib trading and yr book,including Caroline’s on fib trading. After all the theory preparation I reckon it’s time to get started. I believe if you love something it is necessary to risk it to test the love.
I have finally have made a decision to purchase yr software(after dodging through other promising characters; haven’t purchased yet). However there seems to be a bit of an issuE with the entire procEss of organization.
When I use youR soFtware…isn’t it possible for me to obtain data from google finance or something and do I need e signal? If so what would be the best e signal product to get. I am more of a swing trader(3-4 weeks wait) and have given up the illusive idea of day trading with my little capital.
I am a new bee and willing to learn. My trades will mainly be in the Indian share market and probably Contracts for difference(CFD’S) in the Australian markets.
Kindly guide,
regards,
PHilip
Hello Robert,
I simply had to express my appreciation and delight with two things. #1 High Probability Trading Strategies
and #2 Dynamic Trader5 Software. The Book is a serious read and the DVD that comes with it is very explanatory.
Really great information for the serious trader.
The software has so many routines that I have had to slow myself down to learn them one at a time. The videos you provide are excellent instruction.
Thank you very much.
Ed: Thanks for the great feedback. There are a lot of unique routines in DT that may not be used on a daily basis but can be very valuable. Keep up the good work.
Philip: I know you are going to find the Dynamic Traders Software and Trading Course material very helpful. Especially since we include two of our Video-CD courses with the software. Yes, you can import Google Finance but I would recommend you subscribe to at least a daily data service for EOD data. Data subscriptions for Metastock and other data companies is very inexpensive and easy to use. If you want real time data, really the only option is an eSignal data subscription. If you are a swing trader, you really don’t need intraday data. Good luck and hope to meet you the next time I am in India.
Hello Robert,
wow..I cannot describe the elation I feel receiving a response from you.Honestly I wasn’t expecting one(considering yr busy schedule).
Also, I live in Australia not India
Considering trades in India and yr recent visit there what sector would you consider focusing on for the year.
As per some of my crude research I was thinking about the infrastructure(construction/roads,housing)sector, the power(electricity) sector and mining sector.
What’s your overview of these or any other sectors from your visit to the country.
I will be ordering yr software somewhere along next week.It’s a Birthday gift(expensive one!LOL) to myself.
cheers,
Philip
I don’t know that much about the Indian markets so I can’t give you any recommendations regarding India stocks or sectors. (I spent most of my time on the beach in Goa during my stay in India!). Looks like you are going to have a great birthday!
Hello Mr Miner,
I’m a trained Commodity Trader & was a licenced Dealer on the KLCE.
I’ve read your book and it was like a light bulb coming on. I’m holding myself from getting your DT software till I’ve mastered HPTS a little more. Else, I’ll surely jump into using it. Had a tough time not going tru the video that came with the book.
I’m convinced HPTS works as I’ve realised long ago that all the analysis etc that I was taught, does not hold water or money but only failure.
Reading what others have written has answered some questions. I just want to know if there is any specific way to apply HPTS to the OPTIONS market; anything specific to options trading to keep in mind.
Thank you.
George.
George: Regarding the book and options. I don’t teach any specific options strategies because I have not traded options for several years. However, a couple of things to keep in mind. Since HPTS teaches, among other things, how to identify probable reversals, this would be a good time to sell options (for instance puts if the a probable low reversal is being made) or buy call options. As you know there is a lot more to an option strategy than identifying the probable underlying trend but this would be a starting poinit. Bob