October 6, 2016 Lesson
With the new site only a few days away, I wanted to share a full length trading/training video with everyone.
I’ve only been posting short trading clips here recently because we are populating the new site with great content before the launch. Today I’m going to share some of the new format with you in a 30 minute trade video. So make sure you have time to watch the whole thing.
The video starts with premarket analysis, going through the daily chart for larger context and zeroing in on the OFA chart for key levels and expectations for the day. I realize many of you have the attention span of a mosquito – but try not to skip ahead. The pre-trade strategy actually gets flipped around quite a bit by the time I find an entry however, many of you will see the correlation between the desire to find a long and the inevitable short that I end up taking.
After the early analysis, you have an opportunity to see (and hear) how the strategy changes while still using the same core data points. We move too far away for a long, but the mean reversion becomes more valuable and in better alignment.
After the trade – be sure to watch the final 10 minutes. This is a candid review of the trade after I produced the initial trade video. I looked back at my charts and realized I’d made a pretty silly mistake. One worth learning from.
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Trading involves substantial risk. Do not purchase anything from OFA without carefully reading the complete required Disclaimers and OFA Terms of Use.
All trading results and claims made by Order Flow Analytics are based on simulated or hypothetical performance results that have certain inherent limitations. Unlike the results shown in an actual performance record, these results do not represent actual trading. Also, because these trades have not actually been executed, these results may have under-or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated or hypothetical trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to these being shown.
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM.
ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.
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