Podcasts about bollinger band

This weekend was “not typical,” according to one analyst, as they, and many others, weigh in on what it might mean. Some are looking at the unlikeliness of a major correction, while others are using Bollinger Band signals to suggest that if we follow past trends, we could see a price tag north of $140,000 by July. Surely not, right? Elsewhere, Coinbase has a major win in court regarding secondary crypto sales not being considered securities, Genesis buys $2.1 billion of BTC, and the Fantom CEO defends Solana over heavy criticism about failed transactions.Further reading:Bitcoin bulls nudge at $70K as BTC price sees 'not typical' weekendBitcoin ‘pretty unlikely' to revisit $50K price level, says analystBitcoin Bollinger Band signal suggests BTC could double by JulyCoinbase cleared in lawsuit over crypto transactionsGenesis purchases $2.1B of Bitcoin following GBTC sell-offParaguay's proposed Bitcoin mining ban could cost it $200M a yearFantom CEO defends Solana amid network woesSo, grab yourself a coffee, and let's get into it!Rise'n'Crypto is brought to you by Cointelegraph and is hosted and produced by Robert Baggs. You can follow Robert on Twitter and LinkedIn. Cointelegraph's Twitter: @CointelegraphCointelegraph's website: cointelegraph.comThe views, thoughts and opinions expressed in this podcast are its participants' alone and do not necessarily reflect or represent the views and opinions of Cointelegraph. This podcast (and any related content) is for entertainment purposes only and does not constitute financial advice, nor should it be taken as such. Everyone must do their own research and make their own decisions. The podcast's participants may or may not own any of the assets mentioned.

  Introduction to Bollinger Bands and Expert Advisor Calculation (00:00 – 01:03) Introduction to using Bollinger Bands in trading and how the expert advisor can calculate all three bands with higher accuracy. Trading Strategy with Bollinger Bands (01:03 – 01:34) Explaining the trading strategy: opening a short trade when the price breaks the upper Bollinger Band and a long trade when it breaks the lower band and returns. Creating an Expert Advisor for Bollinger Bands (01:34 – 02:05) Instructions on creating an expert advisor in MetaTrader to automate trading with Bollinger Bands. Setting Up Arrays and Defining Bollinger Bands in Code (02:05 – 03:21) Coding steps to set up arrays for each Bollinger Band and defining the bands based on the current chart and time period. Outputting Calculated Values on the Chart (03:21 – 03:38) Using the comment function to output the calculated values of the Bollinger Bands on the chart. Compiling the Code and Preparing MetaTrader (03:38 – 04:20) Compiling the expert advisor code and setting up MetaTrader to display the Bollinger Bands on the chart. Testing the Expert Advisor in Strategy Tester (04:20 – 05:39) Running the expert advisor in the strategy tester and comparing the calculated values with the chart’s Bollinger Bands.   If you like to use indicators, you might have heard of the Bollinger bands. This little Expert Advisor here can calculate all three bands. If you put your mouse cursor over the middle band here you see a value of 0.712078 and our calculated value for the middle band is 0.7120775, this calculation even is a little bit more accurate. The value for the upper Bollinger band is 0.712457 and here we have 0.712457. And for the lower Ballinger band it’s the same 0711698, 0.7116979. This value is even more accurate because this one is rounded. So what can we do with a Bollinger Bands? Well the idea is as the price breaks the upper Bollinger band we want to get in at the next entry and we would like to open a short trade here, because we expect the price to fall. In the other case if the price breaks the Bollinger band here and it gets back into the bands we would go for a long trade because the price might rise. So if you can create an automated Expert Advisor that is able to compare these values over here with the current price, you can fully automate this. Your computer can trade the Bollinger bands automatically and you don’t have to sit in front of your screen all the time. So let’s create a little Expert Advisor! To do that please hit the F4 key or click this little button over here and that will open the Meta Editor. Here we click on new Expert Advisor from template, continue, we will call it simple Bollinger bands, click on continue, continue, finish. Remove everything above the OnTick function, remove the comments and the first thing we need is an array for each of the Bollinger bands one, two, three times a double array. Now we need to sort our three arrays to hold prices from the current candle downwards and we do that with the function arraysetasseries. In the next step we need to define the Bollinger bands. We want our Expert Advisor to use the current chart for the current time period used on the chart. It should calculate the Bollinger bands for twenty candles without any shift and with a standard deviation of two, that all should be calculated for the closed price of the candle. Afterwards we need to copy the price information into three arrays and now it’s time to calculate the actual value for the current candle and to store it in a variable for each of the three bands. That’s it for the calculation. Now we want to output our calculated values on the chart, we do that with the comment function and it will output the name of the variable and the value we have calculated in this block. Okay let’s compile the code. We have no errors and no warnings. So let’s click the little button over here or hit the F4 key to bring up the Meta Trader, to make the Bollinger band visible on the screen we will use a little trick. Please click on insert, indicators, Bollinger bands, select the period of twenty candles with a shift value of zero and the deviation value of two, we want to apply all this to the closed price of the candles and now you can pick a color and style for the line. I prefer these thicker lines. Let’s click on okay and you will see the visual representation of the Bollinger bands on the chart. Now right click the chart select templates, save template and save it as Tester.tpl to make it the default chart for strategy tester. And if you save it as default.tpl it will also become the default template if you open a new chart in life trading. So let’s bring up the Strategy Tester by clicking on View Strategy Tester or hitting the control and the R key and select the simple Bollinger bands.ex5 file, make sure to and enable visualization here and start the test. And this is what you should see now, let’s stop it here and check the values. This is 0.706251, 0.7062505, thats okay. The upper Bollinger band is 0.706916, 0.706916, that’s also okay and the lower Bollinger band is 0.705585, and that’s exactly what’s calculated here, so it works. In this video you learned to calculate all the Bollinger bands by creating this little Expert Advisor here. Not sure what to do? Click on the automated trading assistant below MQL5 TUTORIAL - HOW TO CREATE THE BOLLINGER BANDS… MQL5 TUTORIAL - PLATIN SYSTEM - BOLLINGER BANDS ENTRY SIGNAL How to create an advanced Bollinger Bands entry How to create a Bollinger Bands Expert Advisor with MQL5 MQL5 TUTORIAL BASICS - 129 SIMPLE BOLLINGER BANDS… The post MQL5 Tutorial – Simple MQL5 Bollinger Bands Robot appeared first on MQL5 Tutorial.

In this video, we are going to talk about an Expert Advisor that can tell you if you should buy or sell based on the Bollinger Bands indicator. The Bollinger Bands indicator has three bands. This is the lower band. This is the middle band, and this is the upper band. Whenever a candle closes above the upper band and reenters into the bands this is a signal for a sell trade. In the other case when the candle closes below the lower band and you see a reentry from below this is a buy signal. Usually you won't see the Bollinger Bands in your back-testing and to change this you can insert the Bollinger Bands indicator, we are going to use the period of 20 candles and deviation value of 2 because that is the standard when you click reset. Now click on ok. I will change the properties here because I like the bands to have the red color. No I right click on the chart, click on Template/Save Template. I will call this one: Bollinger Bands.tpl. Tpl stands for Template. Now let's save this and when you start a new back-test you simply need to right click the chart, select template, Bollinger Bands and here we are. Now we are going to create an Expert Advisor that can calculate Bollinger Bands entry signals. To do that please click on the little button here or press F4 in your Metatrader and now you should see Metaeditor and here you want to click on File/New/Expert Advisor (template) from template. Continue (Next). I'll call this one Simple Bollinger Bands. Continue (Next), Continue (Next), and Finish, and now you can delete everything above the OnTick() function and the two comment lines here. Now let's create an empty string for the signal. I'll call it signal and it has no value here, and to calculate the lower Bollinger Band we use the function iBands. iBands is a built-in function of MQL4 and it takes a few parameters. The first one is _Symbol; that's the symbol on the chart, the second parameter is _Period; that's the currently selected period on the chart, like the minute or the hour chart. We will use 20 candles and the deviation of 2 because that is what you see when you click on the Bollinger Bands properties. Period 20 candles, deviation 2, we have no shift and we apply it on the close price so the parameter for the shift is 0, and we use: PRICE_CLOSE for the close price and because this is the lower Bollinger Band we use MODE_LOWER and it will be calculated for candle 1. To calculate the upper Bollinger Band, you basically do the same but this time we use MODE_UPPER, everything else is like in this line. Candle 1 is the candle before the current candle, now when this candle isn't finished this would be candle 1, and this would be candle 2. To calculate the value for candle 2 we repeat those two lines here and now the only thing we need to change in the two new lines is the last parameter for candle 2. Let's calculate a buy signal. Now if the Ask price is above the close price of the last candle; that's candle[1] and if the close price for candle[2] was below the lower band. That's close 2 is below the value of the previous lower Bollinger Band and if the close price for candle[1] is above the lower band so that's close 1 is greater than lower Bollinger Band that would be a signal to buy. In the other case if the price is below the last close so if Bid is below close 1 and if close 2 was above the upper band so close 2 is above previous upper Bollinger Band and close 1 is below the upper band so the close price for candle[1] is now below the upper Bollinger Band that would be a crossing like here and that would be a sell signal so we assign the word: sell to our signal.

TRENDSPIDER SALE EXTENDED 1 DAY If you're even thinking about buying Trendspider - it's now on sale for $390 for the year. Remember the process. 1) sign up with my link - https://trendspider.com?_go=gary93 2) email me at dailystockpick3@gmail.com and let me know what email address you used  3) I'll send you the welcome letter once you're confirmed If you're thinking September will be up, remember to get your levered ETF's in during a down day today. I love Webull - ⁠⁠Sign up here and get FREE STOCKS⁠⁠ - https://a.webull.com/iHwte9iTQnfaDYFVxv Social Links and more - ⁠https://linktr.ee/dailystockpick ⁠ Follow along with all my trades and journal your own here -  https://savvytrader.com/Dailystockpick/2023-trading-portfolio FREE NEWSLETTER WITH CHARTS - subscribe at ⁠dailystockpick.substack.com ⁠ I love Webull - ⁠⁠Sign up here and get FREE STOCKS⁠⁠ SPONSORED BY VISIBLE - Check out this page: https://www.visible.com/get/?3MFGCRG  $20 off your first month - only $5 for the first month Use code DSP25 for 25% off Trendspider's platform - https://trendspider.com/?_go=gary93 Sign up for Webull and get free stocks like I did - https://a.webull.com/gGlte9iTQnfaDYFa4S NOTES Trendspider Labor Day Sale extended 1 day - $390 for the year Webull - https://a.webull.com/KFgte9iTQnfaDYFiI7 Tesla referral  Use my referral link to buy a Tesla and get up to $1,000 off and 3 months of Full Self-Driving Capability. https://ts.la/gary82526 On the tape pod this week was amazing with Tom Lee bullish call for September and then pot stocks in focus  https://open.spotify.com/episode/13s7qHo75vaPJBFJBgxovS?si=tlOCStX2SA2MExZ8T1_q6g #QQQ Not-so-fun fact: Over the last decade, next week is the worst week on average for the Nasdaq, with a mean return of -1.16%  https://x.com/ryandetrick/status/1698335767662125072?s=46&t=7y4v-tHaIEzjLo4Lw72X7g This month, the SPY closed at $450.35 (-1.62%), making a new low relative to last month's low, but closing well above it. The upper Bollinger Band lies just above the price, which could act as resistance in the future, and momentum remains bullish. This month, the QQQ closed at $377.99 (-1.48%), making it the strongest performer of the group, but much like the SPY, made a new monthly low relative to last month's low. The price is trading just below the upper Bollinger Band and momentum is bullish. AAPL TSLA MSFT All three have printed matching bearish hammer candles on their monthly charts as the market heads into what is, historically, its weakest month $S - cybersecurity gap fill after great earnings $IWM Russell 2K sees its first monthly MACD bull cross since November of 2020!  Since 2000, this has occurred just 9 other times. The following month was green six of those times, with an average return of +1.73% Upgrades  $Orcl upgraded by Barclays target of $150 $axp upgraded with a price target of $200  $low upgraded with target of $282  $dpz upgraded with $450 target  4 etfs to buy and hold - great video  Links in Newsletter Basically if you want to buy an etf - sell a put that's future dated and if it comes down - worst case you buy the etf at the price $PYPL PayPal earnings gap continues to act as a magnet for price.  https://x.com/trendspider/status/1698410536139161998?s=46&t=7y4v-tHaIEzjLo4Lw72X7g My weekly stock - $csco  $dvn and $pxd article  https://www.fool.com/investing/2023/09/03/2-oil-stocks-to-buy-hand-over-fist-in-september/ To go along with this weekends paid newsletter - here's a great article on large blend etfs  https://www.morningstar.com/markets/4-top-performing-large-blend-etfs arm ipo will be huge this month - here's a good overview of it  https://www.fool.com/investing/2023/09/04/my-top-tech-ipo-to-buy-in-september/ A great interview on ai - I'm ordering his book  https://x.com/dailystockpick3/status/1699028059083489396?s=46&t=7y4v-tHaIEzjLo4Lw72X7g Social requests  Adam from fb  $vfs - link in newsletter SCANS $NXE $KOLD

A Bollinger Band is a technical analysis tool defined by a set of trendlines. They are plotted as two standard deviations, both positively and negatively, away from a simple moving average of a security's price and can be adjusted to user preferences. Bollinger Bands was developed by technical trader John Bollinger and designed to give investors a higher probability of identifying when an asset is oversold or overbought. The first step in calculating Bollinger Bands is to compute the simple moving average of the security, typically using a 20-day SMA.A 20-day SMA averages the closing prices for the first 20 days as the first data point.This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/4432332/advertisement

How to Best Use Divergence in the Forex Market  Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course #475: How to Best Use Divergence in the Forex Market In this video: 00:26 – Using Divergence 01:27 – The 2 types of Divergence 02:22 – Reversals and Continuation Patterns 03:49 – Continuation Patterns are Higher Probability Trades 04:59 – Regular and Hidden Divergence 05:32 – Blueberry Markets for MT4 and MT5 Does divergence really work in the Forex market? And if so, how can you best use it? Let's talk about that a more right now. Hey, there Forex traders, this is Andrew Mitchem here, the owner of the Forex Trading Coach with video and podcast number 475. Using Divergence I want to give you a really good bit of trading information here regarding the use of divergence. And you'd know that if you've been following me for any length of time, I use predominantly candle patterns. I look at price action, I look at support and resistance levels and strength and weakness on the charts, as that to me is the most important information. However, there is one indicator that I use of the more traditional lagging indicators, and that is the stochastic indicator. And I use that in a few ways. It helps me to determine if the price is overboard or oversold. And what that means is if the price is going up and up and up and it's then overbought. If I were to see a reversal pattern, that means that it's in quite a high probability part of the chart, that the price cannot keep going up forever and therefore it's lightly to then pull back. And I can take a potential cell position, but I also use the stochastics to help me with divergence. The 2 types of Divergence Now, there are two types of divergence, those regular or standard divergence, and there is what we call hidden divergence. Now, in basic terms, divergence is when, let's say the indicator is going one way, but in reality the price is going the other. And that causes a divergence. One thing's heading up, the other's heading down, and you get the opposite, like the conflict going on there. So that is a divergence. Now there's sort of more specifics that we look at than that, whether we're looking at that happening with the lows and the price getting higher or the highs and the price getting lower, different things like that. But in basic terms, divergence means price going one way, the indicator suggests the price should be going the other way, and then you generally get a reversal or a continuation happening. So it's a really good early warning system for you as well. Reversals and Continuation Patterns So two ways of trading it for me reversals. That is when you get regular divergence with the price coming off the bottom or the upper Bollinger Band area. So in other words, the price is either oversold if it's at the bottom Bollinger Band or overbought. If it's at the upper Bollinger Band and stochastics are either low below the 20 or high above the 80 level. And if you get that showing, then you have yourself a high probability chance of a reversal trade. Now of course, you cannot just say, "Here's a positive divergence signal, the market's oversold the price is going to go up." It's not as simple as that. You still need the candle pattern and you still need it to come off the right price level. Strength and weakness is always important. If you get a trend line break, have you got a good place for your stop loss, plenty of room to move for your profit target? All those things that we talk about all the time are still massively important. But by piecing together all these little parts of the jigsaw, if you can then add a divergent signal on top of everything else that you see, that to me adds more and more quality, more and more probability of success for your candle pattern and your setup that you are taking. So I really like reversal patterns and standard divergence,

  In this video we are going to create the Bollinger bands indicator for the Platin System. But you can also use this entry signal for your own system or for the robot trading system. The Bollinger Bands actually is one of my favorite indicators and it was the first one that I used to create a profitable system. So let’s find out how to do that with MQL5. The Bollinger Bands indicator is drawn on the candle chart. It has an upper band, a middle band and a lower band. To use it, we create a separate MQ5 file inside of the directory where the other files of the Platin System are located. The name of the file is CheckEntry_BollingerBands.mq5 and it contains a single function that is called CheckEntry. This function calculates the buy and sell signals for our system.     We start with MQLRates to create an array called Priceinfo. Afterwards we use ArraySetAsSeries to sort our PriceArray from the current candle downwards. And then we use CopyRates to fill our PriceInfo array with data. The first parameter is for the current symbol on the chart. The second parameter is for the currently selected period on that chart. Parameter 3 is used to define from which candle we want to start. Parameter 4 is for the number of candles that we want. And the last parameter is the target array where we want to store the prices.     Now we will create a string variable for the signal, but we don't assign a value. The next step is to create three arrays, one for each of the Bollinger Bands. Of course, we need to sort those also from the current candle downwards by using ArraySetAsSeries. MQL5 comes with a builtin function that is called iBands and we use it to create a definition for the Bollinger Bands.     The first parameter is for the current symbol on the chart, the second one for the period on the chart. The third one is for the number of candles we want to calculate. In our case 20 candles. Parameter 4 is a shift value. We don't need that, so we set it to 0. Parameter 5 is for the deviation. We set it to 2, because that is the default value. And in the last parameter we can define that we want to do the calculation based on the close prices.     Let's use CopyBuffer again to fill our three arrays with data for the middle, the upper and the lower band. We do it according to the definition that we have created before for buffer 0, buffer 1 and buffer 2, starting from the current candle 0, for 3 candles. That makes it possible to calculate the values for each band by looking at the candles 0 and 1. If the close price for candle 1 was below the lower band and if the current close price is above the lower band we consider that to be a buy signal, so we assign the word buy to our signal. In the other case, if the close price for candle 1 was above the upper Bollinger Band and is now below the band we would consider that to be a sell signal, so we assign the word sell to our signal.     Finally we return the signal to the main module by using the return statement. Now, please save the file. You don't need to compile it as it will be compiled with the main module. Okay, by now you should have a working Bollinger Bands indicator entry module for your system. I actually like this indicator very much. So thank you for listening and I will see you in the next video. Not sure what to do? Click on the automated trading assistant below MQL5 TUTORIAL BASICS - 129 SIMPLE BOLLINGER BANDS EXPERT… MQL5 TUTORIAL BASICS - 83 SIMPLE BOLLINGER BANDS TRAILING… MQL5 TUTORIAL BASICS - 84 SIMPLE BOLLINGER BANDS SELL… MQL5 TUTORIAL BASICS - 132 STANDALONE BOLLINGER BANDS RSI… MQL5 TUTORIAL - PLATIN SYSTEM - WILLIAMS PERCENT RANGE ENTRY… The post MQL5 TUTORIAL – PLATIN SYSTEM – BOLLINGER BANDS ENTRY SIGNAL appeared first on MQL5 Tutorial.

  In this video we are going to create an Expert Advisor like this one that is able to trade the Bollinger Band signal and it also uses the RSI Oscillator as a filter.   So let’s find out how to do that with MQL5.   To get started, please click on the little button here or press F4 on your keyboard.   Now you should see the meta editor window and here we have a pre coded version for the Bollinger Bands RSI Expert Advisor the first thing we do is to use the include function to include the file trade Mqh.   This one comes with MQL5 and it provides some simplified trading functions and we also use to include two more modules that we are going to create later on.   The first one is to check the entry for the bollinger bands and the second one is for the RSI Oscillator. We start by calculating the ask price and the bid price.   That is done by using symbol info double for the current symbol on the chart.   We either use symbol underscore ask or symbol underscore bit and with normalize double and underscore digits we make sure to calculate the right number of digits behind the dot, that is depending on the currency pair we use.   Now we use Ctrade to create an instance called trade. That will be used to open the trades later on. And we create an array called price info by using MQL rates.   We do that outside of the ontick function because we need the same thing here in the bollinger bands module and in the on tick function we start with array set as series.   To sort our price info array from the current candle downwards. Then we can use copy rates to fill our price info array for the current symbol on the chart and the currently selected period on that chart starting from candle zero for three candles.   And to calculate the current price we look into the price info array, especially at candles zero and at close price. Now let’s find out how to get the trading signal.   That can be done by using a function called check entry bollinger and this function exists in this module here.   It is called Check entry bollinger and it will give back a string value to our main module.   We start by creating a string variable for the signal.   Now we create three arrays for the middle, the upper and the lower band.   Array and we sort all three arrays by using array set as series.   Afterwards we use the built in iBands function of MQL5 for the current symbol on the chart and the currently selected period on the chart.   We want to calculate the values for 20 candles, no shift value and the deviation value is two.   The results will be calculated based on the close price.   Let’s continue to fill our arrays with copy buffer according to the bollinger bands definition that we have created above. We are going to do that for buffer zero.   That’s the middle band array, buffer one for the upper band array and buffer two for the lower band array.   All three values are starting from candle zero.   That’s the current candle and we want to copy the values for three candles and store them in the according arrays.   That makes it possible to get the current values for the middle band, the upper band and the lower band by looking at candle zero in the according arrays.   That will give us the price for the current candle and we do that again for candle one. That’s the candle before the current one.   And if the close price for candle one of our price info array was below the lower bollinger band, and if it is now above the lower bollinger band, that would mean we have a buy signal.   In the other case, if the close price for candle one was above the upper band, and if it is now below the upper band for kennel zero that would mean we have a sell signal and that’s when we assign the word sell to our signal.   And finally we return our signal to the main module. And that’s where we check the filter. By using a function check entry RSI, we can find that one in the second module.   It is called Checkentry RSI and it returns a string value.   Once again we create a signal and we need to create an array for the RSI and then we can use the built in Irsi function for the current symbol on the chart and the currently selected period on the chart to calculate the value for 14 candles based on the close price.   Let’s also sort this array by using array set as series with copy buffer we fill our RSI array according to the definition that we have created here.   For buffer zero, starting from the current candle zero for three candles. And that makes it possible to get the current RSI value by looking at candle zero in our array.   And with normalize double and the last parameter here, we make the output having two digits behind the dots because that is how the RSI value looks like on the chart.   Now, if the RSI value is above 70, that would mean we have a sell signal and if the RSI value is below 30, we consider that to be a buy signal.   So finally we return the signal to our main module and here we can check if the trading signal equals buy and if the filter also equals buy.   And when this condition – and when these conditions are true and positions total returns a value Not sure what to do? Click on the automated trading assistant below MQL5 TUTORIAL BASICS - 129 SIMPLE BOLLINGER BANDS EXPERT… MQL5 TUTORIAL BASICS - 83 SIMPLE BOLLINGER BANDS TRAILING… MQL5 TUTORIAL BASICS - 84 SIMPLE BOLLINGER BANDS SELL… MQL5 TUTORIAL - SIMPLE VOLUMES FILTER MQL5 TUTORIAL - 131 STANDALONE EMA MACD EXPERT ADVISOR The post MQL5 TUTORIAL BASICS – 132 STANDALONE BOLLINGER BANDS RSI EXPERT ADVISOR appeared first on MQL5 Tutorial.

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  In this video we want to create an automated Expert Advisor that is actually able to trade this Indicator; it's the Bollinger Bands Indicator for 20 candles, actually it's producing buy or sell signals directly on the chart. Whenever the candle close below the lower Bollinger Band that would be a buy signal and when we have a breakout on the other side that would be a sell signal. Now let's find out how to create an Expert Advisor in MQL4 that is actually going to trade. To do that please click on a little button here or press F4 on your keyboard, now you should see the Metaeditor window and here you want to click on: “File/ New/ Expert Advisor (Template)” from template, “Continue”, I will call this file: “SimpleBollingerBandsStandAloneEA”, click on: “Continue”, “Continue” and “Finish”. Now you can remove everything that is above the “OnTick” function and the two comment lines here. First we need to create an empty string for the signal, it will be called: “signal” and we don't assign a value because we are going to calculate that now. The Bollinger Bands Indicator has 3 different bands, we are interested in the upper band and the lower band, so we use the included “iBands” function for the current symbol and the currently on the chart selected period for 20 candles. If you look at the Bollinger Bands properties you will see that we use 20 candles, a shift value of 0, and the deviation's value is 2. These are the default values that we are going to use here, the result will be calculated based on the close price. We use “MODE_LOWER” for the lower Bollinger Band (LowerBB) and “MODE_UPPER” for the upper Bollinger Band (UpperBB). The first one will be calculated based on candle 1 and now we do it again for the previous lower Bollinger Band (PrevLowerBB) and the previous upper Bollinger Band (PrevUpperBB) and this time we are going to use the values for candle 2. If the close price of candle 2 was below the lower Bollinger Band, so if close for candle 2 is less than the value for previous lower BB (PrevLowerBB) and if the close price for candle 1 is above the Bollinger Band – that would be the case when close 1 is bigger than lower BB (LowerBB) – that would be a buy signal and we would assign the word: “buy” to our signal. In the other case if the close price for candle 2 was above the upper Bollinger Band, so if close 2 is bigger than previous upper BB (PrevUpperBB) and if the close price for candle 1 is now below the upper Bollinger Band, so if close 1 is less than upper BB (UpperBB) that would be a sell signal and now we would assign the word: “sell” to our signal. And whenever the signal equals buy and ”OrdersTotal” equals 0 (zero) – that would be the case when we have no open trades – we want to send a buy order so we use the “OrderSend” statement and “OP_BUY” to buy 10 micro lot. In the other case if the signal equal sell and we have no open orders we use “OrderSend” to open a sell trade for 10 micro lot and last but not least we create a chart output that is done by using the “Comment” statement, it will output the word: “Signal:” followed by our calculated signal value. Okay. That's it. Now you can click on the “Compile” button or press F7 on your keyboard, we don't have any errors here, two minor warnings and if that is the case you can click on the button here or press F4 to go back to Metatrader. In Metatrader we use a little trick, we click on: “Insert/ Indicators/ Trend/ Bollinger Bands” here are our default values, we click on “OK” and now we save the template by right-clicking into the chart and selecting “Template/ Save Template” and ple...

How to Scan Through Your Charts QuicklyPodcast: Click Here To Learn More About Blueberry MarketsClick Here to Signup for the Upcoming Black Friday Sale#434: How to Scan Through Your Charts QuicklyIn this video:00:26 – Today's Topics01:00 – How to quickly scan through your charts01:55 – A candle pattern off a Bollinger band03:03 – A Continuation trade04:31 – When to scan your charts05:14 – Who would you suggest as a broker?05:55 – Register for our Black Friday Sale (it's 1 week early on Friday 19th November)07:07 – Don't forget to share this video and podcastI'm going to share with you some tricks and secrets of how to scan through your charts really quickly, to save yourself time on the change of a candle. Let's talk about that and more, right now.Hey, forex traders, it's Andrew Mitchem here. I'm the owner of the Forex Trading Coach.Today's TopicsAnd I'm going to explain to you how you can look through your charts really quickly and to identify potential new trade setups. More about that shortly.At the end of the video I'm also going to explain about our upcoming Black Friday sale, which we've got in a few weeks time. So if you've been looking at joining us, that could be a great opportunity for you to save a fortune on joining us with the crazy low prices that we'll be offering for Black Friday. More about that shortly though. So back to the trading.How to quickly scan through your chartsSo a question that a lot of people have is they say, "How can you scan through charts really quickly and identify high probability trade setups?"So a question like that came through from Mark this week and I said, look, I'd cover that on a video and podcast for him. And for me, it's quite simple, the market can either move up, down or sideways. It cannot really do anything else. And with my strategy, it's also relatively simple. So we're either looking for reversal trades or continuation trades. And that's it really. It really is as simple as that. There's two different ways of trading. And to help me identify what part of the chart the price is in right now, and whether it's likely to be a reversal or a continuation trade, I use Bollinger Bands. Standard Bollinger Bands have an upper band, a middle band and a lower band.A candle pattern off a Bollinger bandAnd if I see a candle pattern and setup that I'm looking for, that's coming off either the upper band or the lower band, then for me, that's a reversal signal.And what I mean by that is let's say the price is near the upper Bollinger Band and you've had a good, strong up trend, and then you see the reversal signal. So like a bearish outside bar or engulfing candle, and it looks like the price is then going to drop. If it comes off that upper Bollinger Band area, after a prior trend, then quite likely the price is going to reverse. The opposite of that being if you've had a good, strong down trend and then you see a good strong bullish candle off the bottom Bollinger Band, that's a likely reversal. Now, not every time you get that, it's going to be a trade setup. We're looking for other things like prior exhaustion bounces a round numbers, pivot points, trendline breaks, all the other things that we look for. But just in terms of identifying what part of the chart you're in right now, a Bollinger Band can be an extremely powerful and useful, easy to see tool. So, really scanning through charts instantly, that will help you.

A Bollinger Band is a technical analysis tool defined by a set of trendlines plotted two standard deviations (positively and negatively) away from a simple moving average of a security's price, but which can be adjusted to user preferences.Bollinger Bands were developed and copyrighted by famous technical trader John Bollinger, designed to discover opportunities that give investors a higher probability of properly identifying when an asset is oversold or overbought.1The first step in calculating Bollinger Bands is to compute the simple moving average of the security in question, typically using a 20-day SMA. A 20-day moving average would average out the closing prices for the first 20 days as the first data point. The next data point would drop the earliest price, add the price on day 21 and take the average, and so on. Next, the standard deviation of the security's price will be obtained. Standard deviation is a mathematical measurement of average variance and features prominently in statistics, economics, accounting and finance.

Is America's withdrawal from Afghanistan the Black Swan Event that will trigger a market correction? The Jackson Hole Summit goes virtual thanks to the Delta Variant of COVID; inflation and interest rates are Jerome Powell's conundrum; Fed governors want to taper sooner than later; a new house band replaces Leo Moracchioli; Stevie Nicks pulls out of ACL Fest, Stock Buy Backs are back! ------ SEG-1: Is Delta Variant an Excuse to Delay Taper? SEG-2: Delta Variant, Real Inflation, & Jerome Powell's Conundrum SEG-3: Stevie Nix & The Bollinger Band, and Shutting Down the World -------- Chief Investment Strategist Lance Roberts, CIO, w Portfolio Manager, Michael Lebowitz, CFA -------- Today's Three Minutes on Markets & Money: https://www.youtube.com/watch?v=0qztHlVV8Ns&list=PLVT8LcWPeAujOhIFDH3jRhuLDpscQaq16&index=1&t=42s -------- Our previous show, "The Meme Stocks Episode" is here: hhttps://www.youtube.com/watch?v=WKtIKO-cjds&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=4s -------- Articles Mentioned in this show: https://realinvestmentadvice.com/the-elephant-they-dont-want-you-to-see/ -------- Get more info & commentary: https://realinvestmentadvice.com/newsletter/ -------- SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow -------- Visit our Site: www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to RIA Pro: https://riapro.net/home -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #DeltaVariant #FedTaper #JacksonHoleSummit #Bitcoin #Gold #Stocks #Trading #Rates #Money #Markets #Inflation #Pandemic

Around the Blockchain is your favorite Cryptocurrency show discussing Bitcoin, Ethereum, Cardano, and the top altcoins. Our four crypto experts include CryptoWendyO, Altcoin Daily, Joseph Parys, and Ben Armstrong. Tune in for their insightful crypto analysis! Today we'll talk about Cardano possibly operating on Ethereum. Would this be good for the crypto space in the long term? Facebook is considering opening an NFT marketplace. We'll discuss their overall crypto plan. Finally, we'll talk about the Bollinger Band creator giving us a DIRE Bitcoin warning.

In this video we want to create an automated Expert Advisor that is actually able to trade this Indicator; it's the Bollinger Bands Indicator for 20 candles, actually it's producing buy or sell signals directly on the chart. Whenever the candle close below the lower Bollinger Band that would be a buy signal and when we have a breakout on the other side that would be a sell signal. Now let's find out how to create an Expert Advisor in MQL4 that is actually going to trade. To do that please click on a little button here or press F4 on your keyboard, now you should see the Metaeditor window and here you want to click on: “File/ New/ Expert Advisor (Template)” from template, “Continue”, I will call this file: “SimpleBollingerBandsStandAloneEA”, click on: “Continue”, “Continue” and “Finish”. Now you can remove everything that is above the “OnTick” function and the two comment lines here. First we need to create an empty string for the signal, it will be called: “signal” and we don't assign a value because we are going to calculate that now. The Bollinger Bands Indicator has 3 different bands, we are interested in the upper band and the lower band, so we use the included “iBands” function for the current symbol and the currently on the chart selected period for 20 candles. If you look at the Bollinger Bands properties you will see that we use 20 candles, a shift value of 0, and the deviation's value is 2. These are the default values that we are going to use here, the result will be calculated based on the close price. We use “MODE_LOWER” for the lower Bollinger Band (LowerBB) and “MODE_UPPER” for the upper Bollinger Band (UpperBB). The first one will be calculated based on candle 1 and now we do it again for the previous lower Bollinger Band (PrevLowerBB) and the previous upper Bollinger Band (PrevUpperBB) and this time we are going to use the values for candle 2. If the close price of candle 2 was below the lower Bollinger Band, so if close for candle 2 is less than the value for previous lower BB (PrevLowerBB) and if the close price for candle 1 is above the Bollinger Band – that would be the case when close 1 is bigger than lower BB (LowerBB) – that would be a buy signal and we would assign the word: “buy” to our signal. In the other case if the close price for candle 2 was above the upper Bollinger Band, so if close 2 is bigger than previous upper BB (PrevUpperBB) and if the close price for candle 1 is now below the upper Bollinger Band, so if close 1 is less than upper BB (UpperBB) that would be a sell signal and now we would assign the word: “sell” to our signal. And whenever the signal equals buy and ”OrdersTotal” equals 0 (zero) – that would be the case when we have no open trades – we want to send a buy order so we use the “OrderSend” statement and “OP_BUY” to buy 10 micro lot. In the other case if the signal equal sell and we have no open orders we use “OrderSend” to open a sell trade for 10 micro lot and last but not least we create a chart output that is done by using the “Comment” statement, it will output the word: “Signal:” followed by our calculated signal value. Okay. That's it. Now you can click on the “Compile” button or press F7 on your keyboard, we don't have any errors here, two minor warnings and if that is the case you can click on the button here or press F4 to go back to Metatrader. In Metatrader we use a little trick, we click on: “Insert/ Indicators/ Trend/ Bollinger Bands” here are our default values, we click on “OK” and now we save the template by right-clicking into the chart and selecting “Template/ Save Template” and please save it as: “tester.

How to Adapt to The Current Market ConditionsPodcast: #391: How to Adapt to The Current Market ConditionsIn this video:00:29 – A very interesting week00:58 – Needed to adapt to the market price action02:02 – Client make a +6.1% gain on XAU/USD H2 chart02:27 – Just 1 Daily chart trade for the week03:22 – Trading the shorter time frame charts this week04:09 – The way we trade at TFTC04:28 – Trading next week onwards05:12 – Keep a look out for our Black Friday SaleAs a forex trader, you need to be able to adapt to what is happening in the market at the current time. And I want to talk about that to help you in this week's video on podcast. So let's get into it right now.Hey, forex traders, it is Andrew Mitchem here at The Forex Trading Coach with video and podcast number 391.A very interesting weekNow, this week we have had quite a lot happening. We've had the US elections. Right now, as I'm speaking, we still don't know the outcome, and by the time you get to watch this video, you may or may not know the outcome, but with that in mind, the market has been a little bit different to many other weeks. And then later tonight, my time, we have the monthly Nonfarm payroll, the US monthly employment results coming through.Needed to adapt to the market price actionSo, what does that mean? Well, it's meant that the market's been quite difficult to trade, but also it means that we've had to adapt to what the market is giving us. And what I mean by that is we've got to look at different currency pairs, different timeframe charts in order to basically give us the right setup that's happening at the time. Now, as you know, I talk about trading on monthly charts, weekly charts, daily charts, 12-hour charts, six-hour charts, all those kinds of longer timeframe charts. Now, this week, it's been completely different due to what the market is giving us. And as an example, online webinar that I held just last night with my clients, which was a fantastic webinar with many, many trading examples, we focused on one and two-hour charts predominantly with a few four-hour charts.And on the session, I took two two-hour chart trades, one on the Euro Australia and one on the Euro/New Zealand Dollar. And we took those live, and we explained the setups, et cetera, on that session.Client make a +6.1% gain on XAU/USD H2 chartNow, also on that session, we had a client who took a trade on gold and made us a massive 6.1% account gain on the two-hour chart on gold. And it just makes you realise that if you adapt to what the market is showing you, you can do very well in all conditions.Just 1 Daily chart trade for the weekAnd as another example, this week, I've placed just one daily chart trade, just one the entire week. It was placed on Tuesday. It was an Australian Dollar-US Dollar trade on the daily chart. Go and have a look at your charts to see a bearish engulfing candle at the bottom of a downtrend, a double bottom off the bottom Bollinger Band. I believe we also had divergence. I think we all bounced off the 70 level, and we had a retracement all the trade that made a 2.5 to one reward the risk, and we had our market in order to make 1.6 to one reward the risk.It would take a quarter percent at each of those two. In other words, half percent risk on total, on the two trades, one trade, two positions. We just over 1% just on the one trade. So we have adapted because we just haven't really seen many daily charts, just the one.Trading the shorter time frame charts this weekWe've also adapted because we've been trading predominantly the shorter timeframe charts this week because that's what the market has been telling us t...

In diesem Video wollen wir uns einmal anschauen, wie man einen Sell Trailing Stop für das obere Bollinger Band programmieren kann. Also lassen Sie uns einmal schauen, wie man so etwas im Metatrader programmiert. Um das zu tun, klicken Sie bitte im Metatrader hier oben auf dieses kleine Symbol oder drücken Sie die F4-Taste. Das ruft dann hier den Metaeditor auf und hier klicken wir auf Datei, neue Datei, Expert Advisor aus Vorlage, weiter. Ich vergebe hier einmal den Namen SimplerBollingerBandsSellTrailingStop, klicke auf weiter, weiter und fertigstellen. Jetzt kann alles oberhalb der OnTick-Funktion gelöscht werden und auch die zwei Kommentarzeilen werden entfernt. Wir starten hier oben mit einem include-Befehl. Der wird uns die in MQL5 enthaltene Datei trade.mqh importieren. Und die enthält eine Klasse mit dem Namen CTrade. Davon erstellen wir uns jetzt eine Instanz und geben ihr den Namen trade. In der OnTick-Funktion starten wir mit einer statischen double-Variable. Die bekommt den Namen LastStopBollingerBandsValue und die wird immer den letzten Wert aufnehmen, den wir dann mit dem aktuellen Wert vergleichen. Jetzt berechnen wir den Ask Preis und den Bid Preis. Das übernimmt die Funktion SymbolInfoDouble für das aktuelle Währungspaar auf dem Chart. Wir nutzen entweder SYMBOL_ASK oder SYMBOL_BID und mit NormalizeDouble und _Digits stellen wir sicher, dass wir die richtige Anzahl von Nachkommastellen berechnen. Je nach Währung können das nämlich 3 oder 5 Nachkommastellen sein. Damit wir einen Trailing Stop nachziehen können, prüfen wir jetzt, ob die Anzahl der Positionen kleiner ist als 1 und wenn wir keine geöffnete Position haben, dann nutzen wir trade.Sell, um uns eine Testposition über 10 Microlot zu eröffnen. Natürlich würde man das nur auf dem Demokonto oder im Strategietester machen. Danach setzen wir die Variable LastStopBollingerBandsValue auf einen sehr hohen Wert von 1000. Den werden wir in der Realität nie haben und theoretisch könnten wir den hier auch auf 0 setzen, aber dann müssten wir zusätzliche Überprüfungen einbauen und für dieses einfache Beispiel soll uns das hier so reichen. Weiter geht es mit der Erstellung von zwei Arrays für das obere und für das untere Bollinger Band. Es gäbe auch noch das mittlere Band, aber das wird in diesem Fall nicht benötigt. Mit ArraySetAsSeries sortieren wir uns beide Bollinger Bänder von der aktuellen Kerze an abwärts. Mit der Funktion iBands, die in MQL5 eingebaut ist, können wir jetzt für das aktuelle Währungspaar und die auf dem Chart eingestellte Zeiteinheit die Bollinger Bänder für 20 Kerzen berechnen. Wir nutzen hier keinen Wert für die Verschiebung. Der Wert für die Deviation beträgt 2. Wenn man mal auf die Eigenschaften der Bollinger Bänder klickt, dann wird das in Deutsch mit Abweichung übersetzt. Wir möchten die Werte anhand der Schlusskurse berechnen und darum nutzen wir hier als letzten Parameter PRICE_CLOSE, bitte alles in Großbuchstaben. Jetzt füllen wir unser Array für das obere und das untere Bollinger Band, und zwar mittels CopyBuffer. Anhand der Bollinger Band Definition, die wir hier oben getroffen haben, für das obere Band machen wir das für Buffer 1, für das unter nutzen wir Buffer 2 und für beide gilt, wir starten mit der aktuellen Kerze 0 und kopieren die Werte für 3 Kerzen, um sie in unseren Arrays zu speichern. Und jetzt können wir auf Kerze 1 in unserem Array zugreifen, um das letzte obere und das letzte untere Bollinger Band zu berechnen. Kerze 1 nutzen wir, weil es für die aktuelle Kerze 0 keinen Schlusskurs gibt. Da würde uns ein sich ständig ändernder Wert angezeigt. Jetzt prüfen wir noch einige Dinge ab. Wir möchten gerne wissen, ob der Wert für das obere Bollinger Band größer ist als der Ask Preis und außerdem möchten wir den Stop Loss nur dann verschieben, wenn der Wert für das Bollinger Band kleiner ist als der letzte Wert für dieses Band. Denn sonst würden wir den Trailing Stop auch wieder nach oben verschieben und das macht bei einem...

In diesem Video wollen wir uns einmal anschauen, wie man einen Expert Advisor programmieren kann, der in der Lage ist, einen Buy Trailing Stop mit den Bollinger Böndern nachzuziehen. Also lassen Sie uns einmal schauen, wie man so etwas in MQL5 progammieren kann. Um das zu tun klicken Sie im Metatrader bitte auf dieses kleine Symbol oder drücken Sie die F4-Taste. Das ruft dann hier den Metaeditor auf und hier klicken wir auf Datei, neue Datei, Expert Advisor aus Vorlage, weiter. Ich vergebe hier einmal den Namen SimplerBollingerBandsBuyTrailingStop, klicke auf weiter, weiter und fertigstellen. Jetzt kann alles oberhalb der OnTick-Funktion gelöscht werden und auch die zwei Kommentarzeilen können weg. Wir starten mit der include-Funktion, um uns die Datei Trade.mqh zu importieren. Die ist Bestandteil von MQL5 und wird uns helfen später einfache Positionen zu eröffnen. Dazu erstellen wir uns von der Klasse CTrade, die in dieser Traidingbibliothek enthalten ist, eine Instanz mit dem Namen trade. In der OnTick-Funktion starten wir damit, dass wir uns eine statische double-Varibale erzeugen. Die bekommt hier den Namen LastStopBollingerBandsValue und soll den jeweils letzten Wert für unseren Stop Loss aufnehmen. Danach berechnen wir den Ask Preis und Bid Preis. Das übernimmt die Funktion SymbolInfoDouble für das aktuelle Währungspaar auf dem Chart. Wir nutzen SYMBOL_AKS bzw. SYMBOL_BID und mit NormalizeDouble und _Digits stellen wir sicher, dass wir die richtige Anzahl von Nachkommastellen hinter dem Komma berechnen und damit wir einen Trailing Stop nachziehen können, benötigen wir natürlich auch eine Testposition. Wenn also die Funktion PositionsTotal kleiner ist als 1, dann möchten wir hier trade.Buy benutzen, um eine Testposition über 10 Microlot zu eröffnen. Natürlich macht man das nicht auf einem Echtgeldkonto, aber auf einem Demokonto brauchen wir halt jetzt die Position, denn sonst können wir den Trailing STop nicht benutzen. Im Anschluss setzen wir den letzen Wert für den StopBollingerBandsValue auf 0, denn der wir ja beim nächsten Mal wieder benötigt. Für die Bollinger Bänder benötigen zunächst einmal zwei Array vom Typ double. Einmal für das obere und einmal für das untere Band. Eigentlich gibt’s es hier auch noch ein mittleres Band, aber das spielt in diesem Fall keine Rolle. Im Anschluss nutzen wir ArraySetAsSeries, um das obere und das untere Band von der aktuellen Kerze an abwärts zu sortieren. Und mit der in MQL5 enthaltenen Funktion iBands erstellen wir uns jetzt eine Definition für die Bollinger Bänder für das aktuelle Währungspaar auf dem Chart und die auf dem Chart aktuell ausgewählte Zeiteinheit. Wir möchten gerne für 20 Kerzen die Werte berechnen. Wir nutzen keinen Wert für die Verschiebung. Die Diviation ist 2 und die Berechnung soll anhand der Schlusskurse erfolgen. Jetzt können wir CopyBuffer nutzen, um unser jeweiliges Array mit Daten zu füllen. Für das obere Band nutzen wir Buffer 1, für das untere Band nutzen wir Buffer 2. Und damit können wir anhand der Bollinger Bands-Definition, die wir hier oben getroffen haben, von der Kerze 0, das ist die aktuelle Kerze, für 3 Kerzen die Daten kopieren und in unseren jeweiligen Array speichern. Uns interessiert jeweils der Wert für die letzte abgeschlossene Kerze. Das ist Kerze 1. Also greifen wir hier einfach auf Kerze 1 in unserem oberen und unterem Band zu und weisen das Ergebnis der jeweiligen Variable zu. Für unseren Buy Trailing Stop interessiert uns, ob der letzte Lower Band Value, also untere Bandwert, unterhalb des Bid Preises liegt. Außerdem möchten wir noch wissen, ob dieser Wert größer ist als der letzte Stop Bollinger Band-Wert. Denn es macht nur dann Sinn einen Stop Loss für einen Buy Trade nachzuziehen, wenn die Preise auch gestiegen sind. Und falls das Beides zutrifft, dann möchten wir gerne eine Funktion mit dem Namen CheckBollingerBuyTrailingStop aufrufen. Hier übergeben wir dann den letzten Lower Band-Wert für das untere Bollinger Band.

Clayton talks about the difficulties of finding and staying in the zone to place good trades. He then reviews the USDMXN, a general equities perspective, and BBQ etiquette.   Matt's employer, Colorado Mechanical Systems, needs plumbing foremen. Jim Breuer's stomach is a party.   www.Allenfx.com   © 2020 AllenFX LLC.  All rights reserved.

Hey today we’re going to talk about what was the top cryptocurrency of 2019. we’re gonna talk about the Bollinger band. we’re gonna talk about 60 worldwide banks talking about adopting cryptocurrency. In a little bit more --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app Support this podcast: https://anchor.fm/mountain-crypto/support

Podcast: Not all candle patterns are equalIn this video: 00:32 – Why are the candles not making me money?01:10 – Understanding technical analysis to help your trading01:55 – Taking the high probability trade setups02:24 – What are we looking for?02:55 – Further in-depth analysis03:54 – The extras we look for and teach our traders to do04:50 – Trading from the right hand side of the chart is when you make money from trading05:30 – Moving house and Cyber Monday sale06:25 – Register your interest in the Cyber Monday saleNot all candle patterns are equal. There's a big difference between what works and what doesn't work. Let's talk about that and more right now.Hey forex traders, it's Andrew Mitchem here, at the Forex Trading Coach with video and podcast number 344.I want to talk about candle patterns and how I can help you to select the best patterns.Why are the candles not making me money?You see, I've received an email just this week from a guy who said, "Hey, Andrew, done lots of research online. I've been looking everywhere. I understand candle patterns. There's 12 that I've identified. I spent a lot of time at my charts looking at them, taking trades off them, but the problem is I'm still not making any money. Can you help me and identify what my issue is?" Now, when I delved further into this, I realised that this guy six months ago started looking at candle patterns and he spent a lot of time looking at YouTube videos and just looking at sites online and forum sites, et cetera.Understanding technical analysis to help your tradingHe had done a lot of research in defining these 12 patterns, the problem is that not all candle patterns are equal. You need to understand that, and you need to understand a lot more information about technical trading rather than just saying, "Oh, here's a pin bar, or here's an engulfing candle, and I'm just going to trade it because it's a pin bar or an engulfing candle." You cannot do that. That will not make you money. You can go and look at your charts. Have a look at the chart behind me, there's engulfing candles and pin bars and hanging man and all those different patterns that you hear about and candles that you hear about all over your charts. The problem is you can't just take every single one of them. It's just not going to work. There's a lot more research, a lot more finesse that you need to do into understanding them and what makes a good candle pattern.Taking the high probability trade setupsSo for me, it's all about getting high probability trade setting up. I want to take less trades, but high probability. What I'm grading is like A and A plus quality setups. Less is more, but it's all about identifying what it is about that candle, where it occurs within the chart, what part of the chart it's in, what the price is doing. It makes it from just an engulfing candle to yes, this is a high quality setup.What are we looking for?So it's all about things like looking at the previous trend, has there been a trend line break? Has there been previous exhaustion? What level has the candle bounced at? If it's a sell trade, has it bounced at a resistance level? Is that a random number or a pivot point? Is it a previous high? It could be all sorts of manner of things that we're looking for, but it's identifying that and seeing why that candle has bounced at that level.Further in-depth analysisYou identify what potentially could be a good setup, and then it's a case of, well, looking into that further, do I have stop loss protection? Am I just going to place my stop loss higher the candle or a fib level. But if you have things such as like round numbers in the way or previous highs or the pivot point or the middle Bollinger Band or things like that,

In this video we are going to find out how to create a sell order, whenever the first red candle appears on the chart, so let’s find out how to do that with MQL5. First please click on the little button here or press F4 on your keyboard, now you should see the Metaeditor window and here you want to click on: “File/ New/ Expert Advisor (template)” from template, “Continue”, I will call this file: “SimpleSellOrder”, click on “Continue”, “Continue” and “Finish”. Now you can remove everything above the “OnTick” function and let’s also remove the two comment lines here. We start by creating an instance of “CTrade” so we include the file: “Trade.mqh”, this one comes with MQL5 and it provides simplified trade functions, so let’s create an instance called: “trade” that we are going to use later on to open our sell trade. When we sell something we need to find out the Bid price, that is done with “SymbolInfoDouble” for the current symbol on the chart; this one is from the last tutorial, actually we need “SYMBOL_BID” here, you see this capital letters here are constants and when I mark “SYMBOL_BID” and press F1 we learn that we will get the sell offer and that’s what we need. “NormalizeDouble” and “_Digits” is used because we have some currency pairs with three digits behind the dot while others have five digits behind the dot, “NormalizeDouble” is a way to tell MQL5 how many digits we want and “_Digits” is a way to automatically calculate the number of digits that we need for this particular currency pair. Let’s continue with “MqlRates” and “MqlRates” has all the information about prices, volumes and spread and we will store it in an array that is called: “PriceInfo”, let’s use “ArraySetAsSeries” to sort the array (PriceInfo) from the current candle downwards and now we can use “CopyRates” to fill our array (PriceInfo) with price data for the current symbol on the chart and the currently selected period, we start with candle 0 (zero) – that’s the current candle – and we use price data for 3 candles and store it in the “PriceInfo” array. For this very simple example we only need data for candle 1 because we are going to find out if the close price for candle 1 in our price info array (PriceInfo) is below the open price for candle 1 in the price info array (PriceInfo), that’s the case here; the opening price was higher than the close price so the candle is red. Let’s check another condition because we only want to open a new position when we have no other open positions, so if “PositionsTotal” equals 0 (zero) – that would mean that we have no other open positions – and in that case we are going to sell. To do that we use “trade.Sell”, remember this is the instance that we have created here, we need to pass a few parameters. The first one is for the lot size, how much we are going to sell. The second one is all capital letters for the current currency pair. The next parameter is the current Bid price, we use the Bid price because we are going to sell, if we would like to buy something we would use the Ask price and I would like to have a stop loss that is 300 points above the Bid price, that’s parameter 4 and I would like to have the take profit 150 points below the Bid price. The last parameter has no value in my case, you could use it as a comment and pass a string variable, I rarely do that but if you use several Expert Advisors on the same chart that might be interesting. Okay, that’s it so far. Please click on the “Compile” button here and now you should get no errors and no warnings and in that case please click on the little button here or press F4 to go back to Metatrader. And in Metatrader we click on: “View/ Strategy Tester” or press CTRL and R, let’s pick the new file: “SimpleSellOrder.ex5”, mark the visualization option here and start a test. Here we are, so far only bullish candles, here is the first red one and now we have an automated sell trade, so our little Expert Advisor works and in this short video you learned how to use MQL5 to open an automated sell trade when the first red candle on the chart appears and you have coded it yourself with a few lines of MQL5 code. More MQL5 Tutorial Videos: MQL5 TUTORIAL BASICS - 12 HOW TO OPEN A SIMPLE BUY ORDER In this video we want to find out how to open a simple buy position when a bullish candle appears on the chart, in this… MQL5 TUTORIAL BASICS - 19 HOW TO TRADE A SIMPLE MOVING AVERAGE In this video we are going to create a simple Expert Advisor that is going to trade this Moving Average. It’s a Moving Average for… MQL5 TUTORIAL - SIMPLE IDEMA STANDALONE EXPERT ADVISOR In this video we are going to create a standalone Expert Advisor for the Double Exponential Moving Average Indicator; it's the red line here and… MQL5 TUTORIAL - SIMPLE ITRIX STANDALONE EXPERT ADVISOR In this video we are going to create a Standalone version for an Expert Advisor that is able to handle this Indicator here: it is… MQL5 TUTORIAL - SIMPLE AMA STANDALONE EXPERT ADVISOR This time we are going to calculate the Adaptive Moving Average Indicator; this is the red line you see on the chart. Whenever the candles… MQL5 TUTORIAL - SIMPLE TRIPLE SMA STANDALONE EXPERT ADVISOR In this video we are going to create an Expert Advisor for this Triple SMA, we have just opened the first trade and now we… MQL5 TUTORIAL - SIMPLE STANDALONE BOLLINGER BANDS EXPERT ADVISOR In this video we are going to create a Bollinger Bands standalone Expert Advisor that is going to actually trade the Bollinger Band signals. We… MQL5 TUTORIAL- SIMPLE ICCI STANDALONE EA In this video we are going to create an Expert Advisor for this signal here; it's the Commodity Channel Index, and you see that we… The post MQL5 TUTORIAL BASICS – 13 HOW TO OPEN A SIMPLE SELL TRADE appeared first on MQL5 Tutorial.

In this video we want to find out how to open a simple buy position when a bullish candle appears on the chart, in this case we have already opened this buy trade here and now we are going to find out how to code that in MQL5. To do that please click on the little button here or press F4 in your Metatrader, now you should see the Metaeditor window and here you want to click on: “File/ New/ Expert Advisor (template)” from template, “Continue”, I will call this file: “SimpleBuyOrder” click on “Continue”, “Continue” and “Finish”. Now we can delete everything above the “OnTick” function and let’s also remove the two comment lines. We start by creating an instance of “CTrade”, “CTrade” will help us to use simple buy and sell functions, to use it we need to include the “Trade.mqh” library, the “Trade.mqh” library comes with MQL5 and now we use it to create an instance called: “trade” that we are going to use later on to open a position. As our trade is going to be a buy position we first need to find out the Ask price, that is done by using the “SymbolInfoDouble” function, for the current symbol we use “SYMBOL_ASK” to get the Ask price and I prefer to use “NormalizeDouble”, “_Digits” to get the right number of digits behind the dot because some currency pairs have five digits behind the dot while others only have three digits behind the dot, so this line will give us the Ask price. With “MqlRates” we create a “PriceInfo” array for the price data, with “ArraySetAsSeries” we sort the price info array (PriceInfo) from the current candle downwards and now we use “CopyRates” to copy the price data into our “PriceInfo” array and we do it for the current symbol and the current period – in my case the current symbol is Euro against US Dollar and the current period is the 1-minute chart – actually we use “_Symbol” here, so let’s do that also in this line. “_Symbol” and “_Period” actually do the same, I don’t know why they did it, we start with candle 0 (zero) and copy the prices for 3 candles in our price info array (PriceInfo) and now we can use it to find out if our last candle is bullish, that would be the case when the close price for candle 1 in our price info array (PriceInfo) is above the open price for our candle 1 in the price info array (PriceInfo). I also want to check another condition; I want to know if we have no other open positions that can be done by using “PositionsTotal” and if that equals 0 (zero) we now can actually open a position and that is where we use the trade instance that we have created here, now use “trade.Buy” to buy 10 micro lot, the second parameter is for the symbol; “NULL”, all capital letters will give us the current symbol on the chart, we need to pay the Ask price, our stop loss will be 300 points below the current price, this parameter here is our take profit, so when the price rises 150 points above the current Ask price we will close the position for a profit, and the last parameter here is used to pass a comment, I don’t need one, but if we cut the last parameter here and set a comma you will see that you could use a “string” to pass a comment and that might be helpful if you want to use several Expert Advisors on one and the same chart but I don’t do that. Actually we could separate the whole buy statement here to make it more readable, let’s add a few comments here, this is the take profit and the last one would be the comment and that’s it. When you are done you can click on the “Compile” button or press F7, you shouldn’t get any errors here and in that case you can click on the little button here or press F4 to go back to Metatrader. In Metatrader you want to click on: “View/ Strategy Tester” or press CTRL and R please pick the “SimpleBuyOrder.ex5” file, enable the visual mode here and start the test. …and now you should see the first bullish candle opens a buy trade, so our little Expert Advisor is working as expected and now you know how to open a buy position for Metatrader and you have coded it yourself with a few lines of MQL5 code. More MQL5 Tutorial Videos: MQL5 TUTORIAL BASICS - 13 HOW TO OPEN A SIMPLE SELL TRADE In this video we are going to find out how to create a sell order, whenever the first red candle appears on the chart, so… MQL5 TUTORIAL BASICS - 19 HOW TO TRADE A SIMPLE MOVING AVERAGE In this video we are going to create a simple Expert Advisor that is going to trade this Moving Average. It’s a Moving Average for… MQL5 TUTORIAL - SIMPLE IDEMA STANDALONE EXPERT ADVISOR In this video we are going to create a standalone Expert Advisor for the Double Exponential Moving Average Indicator; it's the red line here and… MQL5 TUTORIAL - SIMPLE ITRIX STANDALONE EXPERT ADVISOR In this video we are going to create a Standalone version for an Expert Advisor that is able to handle this Indicator here: it is… MQL5 TUTORIAL - SIMPLE TRIPLE SMA STANDALONE EXPERT ADVISOR In this video we are going to create an Expert Advisor for this Triple SMA, we have just opened the first trade and now we… MQL5 TUTORIAL - SIMPLE AMA STANDALONE EXPERT ADVISOR This time we are going to calculate the Adaptive Moving Average Indicator; this is the red line you see on the chart. Whenever the candles… MQL5 TUTORIAL- SIMPLE ICCI STANDALONE EA In this video we are going to create an Expert Advisor for this signal here; it's the Commodity Channel Index, and you see that we… MQL5 TUTORIAL - SIMPLE STANDALONE BOLLINGER BANDS EXPERT ADVISOR In this video we are going to create a Bollinger Bands standalone Expert Advisor that is going to actually trade the Bollinger Band signals. We… The post MQL5 TUTORIAL BASICS – 12 HOW TO OPEN A SIMPLE BUY ORDER appeared first on MQL5 Tutorial.

1/9/19 interview with @BigCheds (on Twitter). Cheds has many years of trading experience. Starting in traditional markets, Cheds branched out into crypto via his good friend @BigChonis. Cheds is very knowledgable on candlestick and Bollinger Band trading.Link to Crypto Cheds' YouTube channelLink to Bollinger Bands article on Crypto InsiderPlease subscribe to the podcast as well as give a rating and a review! Your thoughts and comments matter!Also be sure to give @BigCheds a follow on twitter as well as me (@cointribune), and enjoy the episode!Crypto: Secrets of the Trade is a cryptocurrency podcast, based mainly around the art of trading in the crypto space.Hosted by BJ Pirus a.k.a. @cointribune (on Twitter)BJ Pirus is a full time professional writer in the crypto space, as well as a part-time trader.Produced by Dutton Productions (https://m.facebook.com/DuttonProductions)****Nothing said, tweeted, written, etc., is financial or investment advice. Listeners should always do their own research. Everything is based on the opinions of BJ Pirus, and those he interviews. Opinions of those interviewed do not necessarily represent the views of this podcast or its host.

Podcast: Why Round Numbers WorkIn this weekly video:00:33 – What is a Round Number? 01:10 – People move to the market 01:45 – The NZD/USD chart example with the price at 0.7000 03:54 – The EUR/AUD reacts at 1.6000 04:30 – Get my Round Numbers indicator – Link is on this pageI'm going to talk about why round numbers work in the Forex market. They just do. Let's find out more about that right now.Hey Forex Traders, Andrew Mitchem here. The Forex Trading Coach video and podcast number 271. This is all about the importance of round numbers, how to use them, and why they work. Really, really important video so listen up.What is a Round Number?Round numbers, what are they? Well I call a round number a price level that ends in a 00 or a 50. Two very powerful levels. Think about it this way, when you go to a shop you will buy something for $19.95 or $19.90, but you won't buy at $20.00 or $20.05. You're buying a house, you're looking at a nice big house. Would you a pay $1,500,000 for it or would you pay $995,000 for it? It's all about that strong level. When the price gets to a certain level, people react.People move to the marketBecause after all the market is moved by people and emotion and reactions, whether it be to news events or price levels. It's people that move the market. Even with algorithms in the market, of which there's an enormous amount, they're still coded to look for certain events and certain reactions. You can look through your charts, all over charts, and see how round numbers react; or the price reacts at round numbers, I should say. It's more that way around. The price stalls or changes directions at round numbers.The NZD/USD chart example with the price at 0.7000I'll give you an example. I had a phone call this week, on Wednesday my time, from a client who lives locally … I'm sorry from a contact, not a client. He wanted to become a client. He lives locally. He said to me, "Hey Andrew, you're talking about Strength and Weakness and daily directions and all this sort of things. How do you pick them?" I gave him an example and because he lives in New Zealand I said, "Look, go have a look at the New Zealand dollar against the US dollar."You can do the same right now. Have a look at last week and the Kiwi dollar's been falling for quite a while against the US. By the way that fall started at a round number, it was 74, 0.7400. I said to him, "As the price is falling, everybody's going to be selling the New Zealand dollar but," I said, "be careful because strength and weakness. Yes it's falling but be careful of the next big round number of 0.7000, the $0.70 level."Go have a look at your charts. Right now the price came down to just below that level, it hit a perfect high, which by the way was from the 9th of November, just below the 70 level, so it took out a whole heap of stops, got people in on sell trades going further down, and it's reacted at around that 70 level and right now it's pulled back. Right now, as I'm recalling this being Friday here in New Zealand, it's at 70.50, so 0.7050. It's now stalled at the next round number. No surprises there for me because these numbers are so powerful.I was able to say to him, "Yes, Strength and Weakness says the Kiwi's dropping, definitely." But be careful. Look at where it is in the chart, look it's at bottom Bollinger Band area. It's at a previous support and resistance level and it's at a very, very strong psychological bounce level. Do not just sell it because you're going to sell it. Think of reasons why, look for proper reasons to sell it. Don't just go ahhh, the Kiwi's weak, I'm just going to sell. That's not going to make you money. Look at where the price is. Okay, it's at 70, oh it's bouncing. Okay,

Podcast: How Bollinger Bands Help Me TradeIn this weekly video:00:28 – Selecting profit targets01:20 – I use Bollinger bands to help me trade02:04 – Trade when the conditions are favourable02:40 – Trading reversal patterns03:54 – Trading Continuation trades04:29 – Teaching the whole package04:55 – Sell trade on the EUR/CAD off the middle Bollinger band05:50 – Look for the Bollinger bands to be wideningWe need to give the trade room to move. Let's talk about that and more right now.Hi Forex Traders, it's Andrew Mitchem here with The Forex Trading Coach. Video and Podcast number 240. I want to talk about giving the trade room to move. What does that mean?Selecting profit targetsWell, a lot of people are very quick to say, "I'm going to place a trade here and I've got my stop-loss here." But a lot of people have difficulty with profit targets. What I like to see is I like to see the ability on the chart as a technical trader for the trade to get to its profit target with the least amount of support or resistance in the way of the trade depending on whether we're buying or selling. If we're buying, we want to see as few resistance levels like reasons why the trade's not going to hit a level and bounce. Why it will get to its profit target. If we're selling, we want to see as few support levels, like as few areas below where the price is right now where it might bounce. We want to see as few of those as possible. We want to give the trade room to move and allow it to get down to our profit target if we're selling with as few support areas in the way as possible.I use Bollinger bands to help me tradeTo do that, I like to use support and resistance levels but I also use Bollinger Bands. I'm going to talk about Bollinger Bands and how I use them. Bollinger Bands are quite fascinating if you can use them in the right way. They really do aid your trading. As a technical trader, I look at Bollinger Bands and I'm looking at how they're moving with the current price. If they're level, or they're flat, or they're coming together the upper or lower Bollinger Band, that tells me that there's very little price action, or there has been good price action and now it's over because the bands are getting tighter together or they're parallel. When that happens, trading conditions are not good right now. It's not a great time to be trading.Trade when the conditions are favourableWhat you need to do is to be able to trade when the price starts to move; when you get decent, active conditions in the market at the current time and the Bollinger Bands start to widen. What that means is that there is good price action right now. To give you a few examples of how I trade.As you know, I like either reversal trades or continuation patterns, two quite different patterns. Continuation patterns are probably safer, reversal patterns look really good and really dramatic on your charts but a little bit high risk.Trading reversal patternsIf I see a reversal pattern, and I'm seeing a bearish reversal pattern, I like to see that at or near the upper Bollinger Band. If I'm seeing a bullish reversal pattern, I like to see that at or near the bottom Bollinger Band. Then what I'm looking at doing is I'm looking … Let's say we're taking a buy trade. We're near the bottom Bollinger Band, I'm seeing a good pattern to go long, a reversal of the previous downtrend. What I'm looking at doing is I'm looking for my profit target to ideally be before we need to break through the middle Bollinger Band. The reason for that is the middle Bollinger Band is also the 20 period moving average, and a lot of people rightly or wrongly use moving averages as support and resistance levels. Because the 20 period moving average is the middle Bollinger Band,...

Podcast: How to Identify High Probability Trade SetupsIn this weekly video:00:24 – Looking for trades that will work in your favour 01:03 – Most traders rely on an indicator 01:23 – You need to understand how to read the charts 02:12 – Putting multiple factors in your favour 04:05 – Look at the actual price of the currency and use round numbers 05:20 – Adding the daily strength and weakness 05:38 – Client makes +7% in 2 months trading the H4 chartsI'm gonna share with you some tips and ideas about looking for high-probability trade setups. So let's get into that right now.Hi traders, Andrew Mitchem here, the owner of The Forex Trading Coach, and today is video and podcast number 218.Looking for trades that will work in your favourAnd I'm gonna be discussing with you, and sharing some tips and ideas of helping you to look for higher-probability trade setups. Trade setups that are gonna work in your favour far more often than they're not going to. You see, the problem is with a lot of traders, is they don't have a strategy, and they don't really understand the market.And when I look around at different systems and different ideas that people tell me they're currently trading … And by the way, they're not making money on, otherwise they wouldn't be coming to me … And what they're doing, it kind of just doesn't add up to me.Most traders rely on an indicatorMost people are relying on a indicator. They're looking for a line to cross over and another line on their charts. They're looking for a dot to appear on their charts or for a line to change colour, or all these type of things. And that really is not true technical trading.You need to understand how to read the chartsYou see, to understand trading properly, you have to understand the charts and look at the price. You have to understand what's happening in the market right now. And when you clutter your charts with too many lines and graphs and dots and stars, and all these things that people tend to, for whatever reason, think it's a really good idea to clutter their charts with … What you end up doing is not being able to see what's actually happening in the price, and understanding what's happening.Someone sent me a screenshot the other day and said, "Hey Andrew, can you give me some advice on my strategy." And I actually couldn't see the candle patterns underneath all this congestion of this big mess of spaghetti and lines and things on the chart. So it was horrible. And no wonder this person was confused, because there was just so much stuff going on.Putting multiple factors in your favourAnd I said to him, "Look. Strip that off, and start again." And it was something that I discussed on my webinar with my clients last night, and it was all about putting factors in your favour to give yourself a high-probability chance of success. But what is it about this trade setup right now? Even when you understand candle patterns and price analysis, you still need more than just that.You see, I'm a big believer in candle patternss and candle shapes, and where they occur. But you can't just say every bullish engulfing in candles means that price is gonna reverse and start moving up. You cannot do that. Likewise, if you use … Let's say Bollinger Bands. You can't say every time that the prices hit the upper Bollinger Band, it's now gonna start coming down again. Because it won't. It's like if you use divergence. Every time you see positive divergence, it doesn't mean to say the price is gonna suddenly reverse and start going up again, because it won't. You have to put a combination of different factors together.And when I was sharing with my clients, just on the webinar last night … I was sharing with clients some ...

‘Dow Jones could jump to 22,300 soon'… Clive Lambert, Director of FuturesTechs, makes a bold call, backed by ‘Bollinger Band' analysis. Lambert is bullish on the FTSE 100 and is in favour of buying March futures around 7120 as prices are likely to revisit 7300 levels. At the same time, Lambert is bearish on Gold and German 10-year Bunds. To cut the long story short, ‘good times lie ahead'. #Dow Jones, #FTSE 100, #indices, #equities, #trading, #technicals, #markets, #gold, #Bunds, #Germany, #UK, #US

Michael: Hello, everybody. This is Michael Gross from OptionSellers.com, here with your August Option Seller Radio Show. I’m here with founder and head trader James Cordier and we’re going to talk a little bit about the markets here and things going on as we start September, back to school month, or, for a lot of investors and financial professionals, it’s back to work month. A lot of people go on vacation in August and when we get back in September it’s back to business. A lot of people start focusing on some of the stories they may have overlooked over the last month or two. James, welcome to the show – a lot to talk about this month. James: Thank you, Michael, there certainly is. Both markets moving, instruments happening, as well as the stock market, of course, the Federal Reserve is always interesting, and new highs in the stock market. We were talking recently about a couple articles that have some of the largest, most well known investors in the world saying that not only is the stock market going to pause but go into a bear market, then it continues to rally. Its just really interesting times right now with both the Federal Reserve and what a lot of people are considering with the stock market what it might do over the next year or so. Michael: You know, we’re going to talk about oil here in a little bit, but some of the stories coming out of OPEC talking maybe about a production freeze, and some people think maybe that’s helping the stock market, too, a little bump in oil here. James: It really is. This is so interesting how the oil market, especially, is a great example of a market that has extremely soft fundamentals. In the United States, we have all-time record supplies. We have Iran and Iraq and Saudi Arabia who are going to just duke it out for market share starting in October and November. What is OPEC come up with going into the soft demand season? Well, we are going to talk. We’re going to come up with some ideas and we’re going to try and freeze production. The part that is so interesting about freezing production, as we all know, is that productions are at record highs right now, so the market really is trying to grasp onto anything it can to try and get insight on what the market might make the next move. What’s so interesting is, as all OPEC discussions over the last few years, each country needs a specific amount of money to run their economy and if oil goes down to 40 or 38, they’re going to need to pump that much oil and everyone really knows it. This buying the market because of OPEC discussions coming up, that’s going to be a feudal end. I’ve seen it before the last several years and when the market rallies up because Iran is now going to join into the talks, they know that all they’re doing is jawboning. When push comes to shove and demand is low in winter, they’re going to be pumping oil like never before. Michael: Yeah, that’s a great point and we are going to talk about that in a second, too, because we have a big seasonal coming up in crude. I know you’re eager to point it out as well. September, as we discussed earlier, is a big month for seasonal tendencies. If you’re listening and you’re unfamiliar with seasonal tendencies, these are the type of things that happen at different times of the year - fundamentals in these underlying markets that can have an outside impact on price. So, being aware of what the seasonals are can really have an impact on your trading, really give you some direction when you’re starting to identify trading opportunities. It’s certainly where James and I start when we’re looking at markets and being aware of that underlying seasonal. September is a huge month for seasonals and one of those markets, in particular, is one of your specialties, James. That is the coffee market. As we end the Brazilian growing season here, we are at the end of harvest, some certain things happen when that harvest is done. Do you want to talk about that a little bit, James? James: Well, what’s interesting is a lot of investors were pointing to whether that wasn’t exactly perfect in many growing areas of the world for cocoa or sugar or coffee. But, in Brazil, we have a record harvest that just took place for Arabica beans. Those are the sought after variety that we drink here in the United States and through most of the western world. We have a record supply coming in. Harvest right now is about 95% complete and you’re going to see co-ops in Brazil wanting to turn those beans into cash. They’re going to try and hold back and they are going to make all kinds of discussion about how we’re going to have a retention plan and we’re going to wait for higher prices, but the bottom line is that they only have so much room for that coffee and it has got to go. As they say, bills have to be paid. If you’re in a third-world nation like Brazil and your cash crop is coffee, you need to turn that into the market. We expect those supplies to start hitting market channels in September and October as the harvest wraps up. Lo and behold, the United States, the largest consumer of coffee, we are currently sitting on the highest coffee supplies of green coffee stocks in the United States for the last 13 years. We don’t really need to bid up coffee prices to get the beans to get here. Coffee roasters can be very picky because we’re sitting on so much coffee here in the United States. With Brazil trying to find a home for their coffee, the United States has all the coffee they need. This seasonal for a downward move in java prices looks quite certain for September, October, and November, so we will be looking at selling coffee calls with both hands here in the next 30 days. Michael: James, that’s a great point. You’re talking about records Arabica production. Total crop out of Brazil, the latest estimate I saw, correct me if I’m wrong, but I believe they’re looking around 56 million bags, which isn’t a record but it is near a record. What you brought up, and maybe just a way of restating it to help some of our investors listening grasp it, is as these supplies hit the market, that excess supply is Economics 101. As supplies go up, price tends to come down. What tends to happen in the fall, if you look at a seasonal chart for December coffee, you hit the first of September and prices typically start declining. That doesn’t mean it is going to happen every year, but over the years that tends to be the cycle. It is something that we are expecting this year. An investor listening to this, you know, it sounds probably Chinese to somebody who just traded stocks and doesn’t know a lot about commodities… you’re talking about how we’re going to be selling options with both fists. How does an investor sitting at home grasp that? How does he take advantage of this? He sees coffee prices where it is right now and he’s looking at a chart. Maybe just kind of walk them through what he would do. James: Certainly. For anyone listening to our commentary today who have read our books on The Complete Guide to Option Selling and have read chapters that concern, for example, historic volatility, namely in the coffee market, years and years ago we had a large rally in the coffee prices because of a freeze that took place in southern Brazil, which caused coffee prices to jump dramatically. In southern Brazil, coffee plantations have migrated north. The chances of freezes that have caused prices to go up in the past are negligible. They no longer exist. However, the historic volatility that is still in coffee options will still be there and it does exist. We actually have the ability to go short coffee at double the price of its current level. In other words, we have a seasonal factor that should cause prices to go down in October, November, and December. The strikes and the coffee calls that we will be selling for clients, or someone listening to us today can do it themself, you are looking at selling coffee calls double the current price. As you mentioned a moment ago, will coffee prices slide 10 or 20 cents a pound this fall? It is really not that important. What we are positioning ourselves and our clients to do, is that we are wagering the fact that coffee won’t double during this price. Historic volatility gives us the ability to sell coffee calls at a very high price and at strikes that are almost double the current price. Michael: Yeah, coffee currently trading just above $1.50 per pound in that range. Good explanation there, James, of why you’re able to sell so deep out-of-the-money. I think that’s a big question a lot of investors have, is why can you sell so far our in commodities and not in stocks. A lot of it has to do with the leverage and the way commodities are priced, but it also has to do with fundamentals that may have changed over the years but that volatility is still in the market. Great, great example there. Selling calls into a harvest in a lot of markets can be a good strategy to pursue. That’s going to take us into another market that we are watching here in September. The grain markets are all big markets that have seasonals in the fall. In the United States, we harvest soybeans, corn, and wheat in the fall. As those supplies come in from harvest, historically speaking, that has tended to pressure prices because as that supply builds, it’s going back to that Economics 101. Higher supply tends to pressure price. That tends to happen in the fall as the new harvest comes in. Not always, nothing is guaranteed, but historical tendencies, however, have tended to drift that way. James, soybeans are another market we’ve been watching lately, we’ve already had kind of a drop-off there, but heading into a harvest now, talk a little bit about the crop there and what you see happening. James: Well, in corn and soybeans in the United States, it seems as though farming just continues to get more and more improved. Not only is Brazil able to produce more coffee beans, but here in the United States and places like Argentina and Brazil, growing more soybeans on the same number of acres here in the United States. We are looking at a huge crop in soybeans and corn that the Unites States is going to be harvesting starting in September and October. Once again, as you mentioned, too much supply and not enough demand certainly sets up ideas for shorter prices and going into this fall. Any rallies that we would have in corn and soybeans over the next 30 days, we would certainly be very interesting in selling call options on those, as well. I know that there is a lot to be made about something that’s called stocks to usage, which actually compiles how much demand there is worldwide versus how much supply there is. I know next year, Michael, you might want to refer to this a little bit, but from what I’ve been hearing, next year’s supply versus demand is going to be gigantic. Selling calls in that environment, I think, is a great addition to someone’s portfolio, as well. Michael: Yeah, you know, we talked about that this spring. We were looking at pretty big acreage this year. We did get a pretty big rally in June because we had some weather concerns, but once that crop was made, prices, especially corn, the corn prices just fell off the cliff since June. One of the reasons we are talking about soybeans right now is that they’ve fallen, but not quite as far as corn. The seasonal tends to kick in at the beginning of September, so we have some pretty good timing. In talking about the soybean crop, we are looking at the largest U.S. harvest ever. We are looking at a projected yield or crop size of 4.1 billion bushels. That’s an all-time high. If this comes to pass, our 2016-2017 U.S. soybean ending stocks are going to be at 330 million bushels, stocks to usage at 8.2%. Both of those will be the highest in a decade. When we talk about bearish fundamentals, that’s bearish fundamentals. That is a pretty big weight on the market. It doesn’t mean that market can’t rally, as you always talk about, but it certainly hinders rallies and certainly casts a bearish shadow, often a great setup for call sellers. It’s one of the reasons we’re watching beans right now – looking for those types of opportunities. James: Well, it’s interesting Michael, something that you and I referred to quite often – we may not know where the price of soybeans is going to go next week or two weeks later, but what we’re calculating and what we’re betting on is where it’s not going to go. That’s all we have to do is get that part right. Michael: Exactly. That is a good segway to talk about the crude market here. You started off talking about crude. You got a lot of media coverage lately… a couple of appearances on CNBC, you’ve had a lot of calls from the media on your call on crude oil because back at the beginning of summer everyone was bullish, you were bearish – you’re still bearish, and you’re still looking at that as a great option selling opportunity. So, maybe share with some of our listeners what you see setting up there and why you like it so much. James: Anyone listening to this right now who is thinking the idea that crude oil is going to continue rallying because of OPEC discussion or slightly smaller production here in the United States, I think you would be really well served to do a little research and find out how much supply is actually out there. In the United States we have record supplies. We have cars that now get 40 miles to the gallon instead of 20 miles to the gallon. We have Iraq, Iran, and Saudi Arabia that are producing record amounts of oil all at a time when we’re going into the weakest demand season of the year. September, October, and November, demand in the United States, the largest consumer, it falls off the table. We really like the idea of crude oil prices heading to softer levels, possibly in the 30’s and then bottoming out around November and December. This is one of the greatest seasonal plays there is, is being short oil going into late summer and early fall. Lo and behold, when the holidays come around, we get into December, we’re going to have some very low oil prices, at least that’s the way it looks from my desk. Then, the other seasonal kicks in and that is to go long when everyone is so fearful that the market is going to go down. So, we have two of our greatest plays as far as building a core position in crude oil, that come up now and then come up again in the 4th quarter of the year. It’s certainly something that has been a great addition to our portfolios over the last several years and we think it’s going to be again this coming year. Michael: James, you bring up a great point there on supply. When you’re talking about crude supplies here in the United States, the last report we are at 521 million barrels. That’s an all-time record for this time of year, as you said. 37% higher than the 5-year average for this same time of year. A key point here, it’s 14% higher than last year at this time. As you know, last year, we saw crude prices dip below 30 down into the high 20’s. We are headed into a seasonal time of year now with supplies 14% above where they were last year and if anybody listening to James talk about the seasonal tendency, you’ll be able to see a chart of that seasonal tendency in the September newsletter. It should be in your mailbox next week by the 1st of the month. You’ll see a crude oil seasonal chart there. I want you to take a look closer at what tends to happen to crude prices at the beginning of September. James hit on it pretty good there – this is why we look to build positions in markets like this that have strong fundamentals that don’t tend to change quickly. They tend to take a while to change why you build things called a core position, James, and I think a lot of our listeners might be interested to hear what that is. You talk about something like a core position and building a portfolio. That’s not something that people read about in books. That’s something that often comes from experience. Do you want to share that with some of our listeners? James: Michael, it is interesting because, for those of us that watch CNBC, Bloomberg, and Fox, you would think that there’s a bull market and a bear market in these different commodities and different stocks every 30 days, but there really isn’t. When the market moves 2 or 3% it gets so much fanfare if it’s going up and it gets so much depressed looks on TV if it’s going down. The options that we sell when we are building core positions, as we like to refer to them, they are 50 and 75% out-of-the-money when we sell calls and puts on these positions. So, when gold or silver or crude oil, in this instance, moves 2 or 3%, it gets so much fanfare. With the OPEC talks recently, they are going to bring one oil analyst or oil company CEO onto the set daily talking about oil getting to 55-60 this year and 65-70 next year based on nothing. You mentioned a really important point, and this is something we discuss often when we’re building core positions, crude oil supplies in the United States is 14% greater than last year. Last year’s low in oil was $27 a barrel. Fundamentals is the key to price projections in commodities. We like to project out 6-12 months and that is what we talk about when building a core position. The fundamentals in a market that is over-supplied won’t change in 30 days or 60 days or 90 days, so what we will do is when we get out of the high-demand season, which ends in May and June, we will sell calls for several months out. As we get into December and January, which is normally the low price-point for crude oil, we will then sell puts 6-12 months out based on the idea that the market will then bottom. Core positioning is basically the meat and potatoes of someone’s portfolio. I know we are not into the holidays yet, but commodities like gold and oil and coffee, these are core-building positions because the fundamentals don’t change and they have huge volatilities from the past. What we then like to blend in with them, it’s almost like Thanksgiving meal. You have the meat and potatoes, which will be things like gold and oil, and the cranberries, the gravy, and the dressing will be soybeans and cocoa and sugar. It’s interesting. Being diversified like that gives a portfolio a lot of staying power and the ability to withstand small movements in the market. So many people, Michael, as you know, look at commodities as a highly speculative, incredible form of gambling, and that may be true for investors who are trying to time the market. As we discussed earlier, we are building core positions at levels that the market cannot reach or very likely will not reach. Like options do, they expire worthless some 80% of the time, building core positions that last the entire year. Basically, that’s hitting singles for 12 months. Michael: Yeah, you talk about that quite a bit in the upcoming newsletter – that concept is a recipe for building a portfolio, structuring a portfolio, and if you’re listening and interested in that type of concept, you’ll get a pretty good dose of it in the September newsletter. While we’re on that subject, I wanted to mention that some of these markets we talked about today, such as the seasonal tendencies and soybeans, seasonal tendencies and coffee. If you missed those articles they are on our blog. You can go back and see those seasonal charts and see how some of these prices tend to perform different times of the year. If you’ve never traded commodities before, it’s a real eye opener to try and get a feel for maybe what some consider an invisible hand behind prices and getting kind of a peek at some of the things really affecting price in different commodities. While we’re on the subject of the upcoming newsletter, James, I want to talk about this for our listeners and readers. We have coming up, as I said – you’ll probably get this at the end of next week, we have an article called 3 Reasons to Love Commodities Now and we kind of go into why commodities are such an attractive investment at this point in time. We talk about some of the warning signs we’re seeing for stock prices right now. As you mentioned at the top of the show, a lot of big names getting pretty bearish on stocks, a lot of big investors thinking the prices are getting a little scary now with what’s going on in the world, so they’re looking for alternatives. We really dig into that a little more this month. Something we also have is a crude oil piece that you talked about here briefly, but we outline a little more detail in the newsletter. We also have a guest column this month by former commodity hedge consultant Don Singletary. James, I know we talked about Don and looking for ways to maybe work with him a little more. Don spent 25 years advising a lot of these big commercial hedgers on hedging hundreds, millions, and even billions of dollars worth of product, whether they are harvesting corn or hedging their oil or gasoline. He kind of came to the same conclusion we did as far as option selling – he came at it from a different angle, though. He came at it as he played, pretty much, to these individual investors. It is tough to compete with these pros, but here’s how they did it. He kind of came to the same conclusion we did and he talks a lot about the same philosophies that we do about selling options. Great piece in our newsletter this month - You don’t want to miss it if you have an interest in that. Let’s talk a little bit about our lesson this month, James. I know we talk a lot about fundamentals in this month’s lesson. We want to talk a little bit about technicals because that’s not something we discuss a lot when selling options, but we still use them and I think some of our listeners might be interested to hear how you use them when you are looking for a trade. James: You know, Michael, when we have very discernable bearish fundamentals, we are watching for a market to rally and reach over-bought conditions. Watching technical indicators, like Stochastic Bollinger Bands and RSI, basically that’s going to help us with timing. It is certainly not necessary, but when we see the oil market rally on short covering, for example, if you were to look at open interest in crude oil you can see that this entire rally was based on investors that were short and were forced to cover. That is an extremely important tool to have in your toolbox is watching open interest in a market that’s trending against its fundamentals. You can almost see by watching open interest when the market is rallying against its fundamentals or its falling against its bullish fundamentals, you can almost see when the last bear got out of his position. It’s not splitting atoms, it’s nothing that the average investors can’t do for himself, but it’s something to be cognoscente about. When open interest balloons to all-time highs in crude oil on the short side, you know what’s coming. Everyone who wanted to be short is already sold the market and the least amount of bullish factors that hits the market will cause the beginning of a rally. By watching open interest, you can see when the last guy got out of his short position. That just happened in crude oil here over the last few weeks. Watching fundamentals gives you the idea of which position you want to take and sometimes, being very cognoscente of the technicals, it can tell you when to get in. We’re not trying to be market timers, but when technicals and the fundamentals line up that is when we put our tuxedo on and jump in. Michael: You know, that’s a great point you bring up because a lot of people watch technicals and maybe they can time a little blip in the market or time a little turn around in the market for a short term, but the big point you make, and it’s one we make often in a lot of our writing, is that knowing the fundamentals is what tells you if that blip in the market is the start of a change in trend or is it a buying or selling opportunity on a correction. That’s what the importance of the fundamentals is knowing that big fundamental picture. I know that’s something you stress a lot. James: Well, Michael, these 8-10 markets that we often discuss have been my friends for the last couple decades. They have personalities and they have seasonal tendencies. You can tell when they get a lot of hype on TV and you can tell the difference between hype and fact. The more you trade these the more you get used to them. They are kind of like friends you keep in your back pocket, and when they are over-bought or over-sold against the fundamentals that is when you add to your core position and making building portfolios so much fun. Michael: As a trader, James, portfolio manager, I know a lot of people have their technical indicators. Maybe talk a little bit about the top 1 or 2 we like to watch in our office. You and I know what they are, but maybe our listeners would be anxious to hear just out of curiosity what we like to watch. James: As far as technical indicators, Bollinger Bands is one of my favorites. Putting a Bollinger Band calculation on a weekly chart, and it really helps you understand what the exact outer limits on what a market can reach simply on short covering or news item or headlines that often push the market because that generates computer buying and computer selling. I would suggest to anyone listening to us today who wants to get more averse with technicals, I would look at weekly charts instead of daily charts. I would look at things like Bollinger Bands instead of simply Relative Strength Index. We look at weekly charts because during the time that we are in a trade or in a position, it’s going to get several buys and sells and the fundamentals never budged. The name of the game is patience. The name of the game is fundamentals. We get paid to wait, and following weekly charts allows you to do just that and the noise in the market doesn’t affect you because you’re looking at the big picture. Michael: Well, what a great synopsis there. This has been quite an information-packed radio show, don’t you think, James? We’ve covered a lot of ground here! James: Michael, you started out by saying September is one our favorite months, and you and I talk about that because we’ve experienced so many Septembers selling options on commodities and we expect this September to be quite a lot the same. Michael: I agree. Well, everyone, I believe that is going to wrap up our show this month. For those listening, our September account slots are closed for this month, they are all filled, there’s no availability this month. We still do have a few slots remaining for October. If you’re interested in pre-qualifying interview for one of those slots, you can contact Rosemary at the office at 800-346-1949. For the rest of you, have a great month. We’ll be updating you on portfolio progress in the bi-weekly videos if you’re a client. Have a great month of premium collection. James, thanks for all of your great information this month. James: My pleasure, Michael. I enjoy doing these and look forward to doing them again many, many times. Michael: Great! Everyone have a great month, and we will talk to you at the end of September. Thank you.

Thanks to the Canadian government and technology, our guest was introduced to the trading markets, and has essentially never looked back. Vincent (chat room alias, “trader-vic”), as many do, became addicted to the markets and simply put, “just wanted to trade.” This lead him to the whole mindset of learning on the job… and… well… I’ll let him tell you how all that went. Oddly enough, his day job ultimately played a large role in helping to get his head screwed on the right way. Vincent was very open about his journey, especially the addiction part which I can totally relate to. All-in-all, it’s an eye opening account of just how dangerous the markets can be if you let them be. Notes: Vincent’s real introduction to the market didn’t occur until he got his iPhone 5. For the first time he felt that he was able to fully control his access to the market and wanted to put some of his money to work. Canada gave its citizens 100 shares of a stock and while most people forgot about it, Vincent’s interest was piqued and this led him to start getting interested in trading more names. After opening an account he put some of his cash into gold mining companies. Vincent eventually went down the penny stock route and had the typical experience of buying the top and selling the bottom. He also noticed that his success rate was very high when the market was rallying and then dropped significantly as the market went sideways or down. This led him to believe he ‘lost his touch.’ He unfortunately continued to trade with real money while learning how to trade with charts which created some sizeable losses. It wasn’t until he was able to pull himself away from the market (with his day job) to reset and start applying what he learned correctly. With his newfound knowledge after going through the training, Vincent recognized that he really needed to get his platform set up to his liking and paper trade EFFECTIVELY. Effectively in the terms of keeping his paper trading as real as possible. He will find what works first on paper and then apply it with his real account. Quotes: “When it came time to sell I had to telephone them on a rotary phone, go down there and sign some papers downtown. Lots of rigmarole.” tweet this quote “I didn’t know anything at all about charts. I didn’t know the difference between a bollinger band and a bean bag chair.” tweet this quote “I was so frustrated following analyst reports. I then turned to Youtube and found Clay posting his charts. I signed up the next day.” tweet this quote “I was saved by my day job. I had to out and work long hours day after day for a few weeks and that broke the losing spell.” tweet this quote Links: https://claytrader.com/videos/trade-penny-stocks-steroids/

Michael: Hello everybody, this is Michael Gross of OptionSellers.com here with your Option Seller Radio Show. We have a very special guest for you this month. This month’s guest is Price Headley. Price is the founder and president of BigTrends.com. He is one of the nations most well known experts on options trading and technical analysis. Price was also inducted into the trader’s hall of fame in 2007. Price, welcome to the show. Price: Thanks Michael, great to be here. Michael: Price, I know you’re very familiar with many different types of options strategies. I’m sure several of our listeners have been to BigTrends.com. It’s a very informative website. Maybe we can start out, Price, by you just telling us a little bit about your background and how you got started in the trading industry. Price: Sure. I was a student at Duke University, actually, studying to be an equine veterinarian. My family’s been in the thoroughbred horse business for generations, and I think I was going to go down that path and then got hooked into a trading contest, a collegiate contest, where ironically I was in the bottom quartile of participants in a four month contest with a month to go, and realized I needed to do something different. So I started actively trading it every day. This is just paper money back in the late 80’s. Turned around and finished in the top 1% of participants and said “Yeah, I think there’s some opportunity here, something I’m really good at, so I told my dad I wanted to do something more conservative than thoroughbred horse breeding. I wanted to trade stocks and options. He thought I was a little crazy, but actually it worked out really well. That was kind of a formative point for me of realizing I really enjoyed more active trading and saw lots of opportunities there. That was back in the day before the Internet, just reading the paper and seeing things that were happening. Now, of course, there’s just even more at all of our fingertips with the Internet, and the ease of access of information. Michael: Okay. So tell us about BigTrends. What do you provide there? How can investors benefit from that? Price: Yeah, sure. I launched BigTrends.com back in 1999 and did it because I thought such a push for information on the web. At the BigTrends.com site, for starters, a lot of free educational information about active trading, and, in particular, you allude to option trading. I’ve always felt like once you learn the core principals of how to find the right stock or market to trade, you of course then can learn option strategies to figure out how to trade that with a lot less capital and a lot more potential return on your investment and still control your risk. We teach people all kinds of strategies, not just in technical analysis, which is pretty much a driving factor for active traders, but then also aspects related to the psychology of trading related to how to build your trading plan. Really just all the different aspects that a trader’s going to go through to assess how to create essentially a business plan to be successful in trading over time. Michael: So, if somebody wanted to be a self-directed trader or, especially, self-directed options trader, your site would really show them a system of a way to get set up to do that. Price: Exactly. Whether you trade stocks, options, even futures, you can apply those principals, but yes, the options is really our focus so that you can really take more control over that part of your portfolio that you want to control. We don’t tell people that you shouldn’t put all of your money into options strategies. We recommend diversification across a lot of different vehicles, but for that piece that you want more of a kicker on your portfolio for additional growth, and then come opportunities. We see more and more people taking that step to empower themselves, and, of course, education is really the starting point to have the proper knowledge to then do things correctly over time. Michael: Okay. You authored a book, Price, called Big Trends in Trading. It’s an Amazon.com investing bestseller. Can you explain a little bit about what that title means and what type of an approach you recommend in the book? Price: Absolutely. So, Big Trends in Trading, I really wanted to take a more quantitative approach in terms of showing people. I wasn’t just talking the talk but actually backing up what I was suggesting as the appropriate strategies to have a meaningful edge by actually showing a lot of systematic trading that I had done and testing that I had done, so actual results based testing. Everything we do here at BigTrends is really geared around that philosophy, which is it has got to have a meaningful edge, not just a little edge, because you’ve got to, obviously, as a trader overcome the cost side in terms of the commissions that you pay, plus any of your other setup costs for your computer and what not. Basically, our view is looking at systems that had a meaningful edge. I started BigTrends in trading with really the overall market-based systems how to really effectively time the market. A lot of the conventional literature says you can’t time the market, but my experience has said that there are a lot of opportunities where you can time the market. More importantly, all of the big mutual funds will tell you that you can’t because they want to have you keep your money with them so they can keep collecting fees on your mutual fund money, but the reality is that would have you miss the best twenty days how much return you give up. But actually, if you miss the best twenty days and the worst twenty days, you’re still ahead of the game because of how painful those crashes can be if you’re invested. Of course, we also like to teach people on options, you know, how to profit from the downside as well as the upside. So, to me, options open you up to a lot more opportunities. We take big trends in trading from the overall market to then stock selection trading, including some indicators I’ve developed, like one called Acceleration Bands, which of course is, as the name sounds, geared around finding faster moving situations which is pretty much how I built my capital to be able to start BigTrends from money I made myself in the 90’s. Basically, from that point, taking you into options strategies and then some people even say the last chapter is the best one, which is the trading psychology money management piece, where there’s a lot of smart minds on Wall Street that have blown themselves up because they basically flew too close to the sign, had too much leverage, got too aggressive. So, it’s about how to keep yourself balanced through the invariable winning and losing trades and how to stick with the game for the long haul. Michael: You made some great points there, Price, and anybody listening, if you want to take some notes there there’s some great insights to any type of trading there that Price just mentioned. Price, one of those things, the reason I bring it up is because we preach a lot of those same principles when we’re talking about applying options in the commodities markets. Two things that I wanted to touch on that you made a good point of there: One is the importance of systems, which we talk about a lot. I think a lot of people, especially investors I talk to, they start out on options “Oh, I’m going to try one here, try one there”, and a lot of people that just dabble end up losing initially because they’re just testing it out. The people that really benefit over the long haul use a system. They have system, they have rules they follow, and it sounds like that’s one of the big things that you’re talking about in your book. Price: Absolutely. Those systems can be critical. If you’re just kind of saying “which way did you wake up on which side of the bed this morning”, and kind of just trying to react to the news, that reactivity is what gets a lot of traders in trouble. You really have to take a more proactive approach and, as you said, Michael, that’s what the systems approach will help you with. Michael: Price, there was another point there that’s very interesting you brought up. Tell me if you agree with this. It’s been my experience that a lot of investors that aren’t real familiar with options yet, they tend to have a biased to the upside, where we have to buy and hope the price goes up. One of the biggest adjustments, or benefits, you could possibly make for any type of options trading really is it doesn’t matter which way the market is going. If you have the right options strategy on, you can benefit if it’s going up, sideways, or down, just depends on the strategy you have on. Price: Absolutely. Like we were saying, it just opens you up to so many more scenarios. That was always the attraction to me to options. I’d say tell me which scenario you want- up, down, or sideways and under what timeframe, and we can construct an options strategy that will succeed if that basic view plays out. You can start cash-flowing markets that are going nowhere. You can, like you said, make money on the downside. As we all know, stocks fall faster than they rise. So, when you catch it correctly, there’s even more money to be made more quickly in put options, which are essentially rights to sell a security, which will become more valuable as the market drops. It really does open people up to a lot more opportunities, but as you said, the typical beginning trader comes in and maybe does some cover call options on stocks they own, still essentially neutral to both bullish types of strategies or just looks to buy calls, so I’m betting on the upside. You’re right, it’s a big conversion in mindset. You can’t just buy low with options, you can’t just think, “Well, stocks are down, so therefore I’ll buy some calls and it should start working it’s way back up”. You’ve got that time component on options are a limit life asset. So, basically, if you just sit still in a stock, it’s not going down anymore, but if it’s not going up and you bought calls betting on it going up, a lot of people, of course, buy the at-the-money calls that are about where the current price of the stock is, those are most vulnerable to the passage of time. So you really need to get speed of movement, which is why the techniques like the acceleration bands are so important to catch. That phase of a trend that’s moving faster than essentially what the market expects. Michael: Sure, those are all great points as well. I’m going to talk to you a little bit about your preferences in trading here. I know you’re both an expert in technical timing as well as options, but in reading some of your blog entries and articles, CBOE and on your website, you also provide an incredible amount of fundamental data on stocks, the economy as a whole. Do you feel fundamentals play a role in technical trading? Price: Certainly, fundamentals really create the backdrop. If you think of it as kind of a time frame sort of a differentiation, the fundamentals create your long-term backdrop and your technicals are much more of the short-term, sort of how your zigging and zagging within what kind of an environment fundamentally you’re in. Remember, also, it’s not just the environment we’re in, but the markets are going to anticipate when the environment is due to change. You know, if we’re talking about changes in interest rates, obviously interest rate policies had a huge impact on the bull market that we’ve had in the last seven years or so. Basically, you’re looking at that quantitative easing, creating that kind of easy money approach where really made stocks the only game in town, comparatively at least. From that perspective, that pushed a lot more money into stocks. When that starts to shift and you start to see when and if higher rates ever do come around, that obviously will change that fundamental, and not become more of a monetary landscape, but it’s still part of this bigger picture of fundamentals you allude to. You’ve got to be careful though about certain fundamentals like if you look at, say, the unemployment rate and the jobs data, that’s a very lagging kind of indicator. So yes, the unemployment rate’s been cut in half over the last seven or eight years, but basically if you say “buy because they unemployment rate’s low”, you’ve got to make sure those fundamentals are really catalyst in drivers of future impact. We put a lot of energy into things like earnings, because earnings are very important in determining the ultimate value of a stock, as essentially the amount of anticipated cash flow, not just now what it’s generating, and how it’s anticipated to generate in the future. From that perspective, I’d say if there’s one fundamental that I constantly look at, it’s earnings and how not just the actual earnings but how the stock is behaving after those earnings reports. So that’s a really good one to keep in mind, because good news tends to beget more good news, and ones will tend to pile on to positive news and start upgrading the stocks, so those things kind of almost become self-fulfilling prophecies when you’ve got a really positive earnings surprise. On the other side, when it’s starting to roll over and you start to miss earnings estimates, you really do see the analysts jump ship a lot and you see a lot of pressure on stocks that are missing their estimated earnings. Watch the news and, of course, watch how the stock behaves after that news with different rallies, after earnings news it also can be a pretty good sign that there’s still more institutions that want to be a part of that earnings story going forward. So, you get kind of an extended catalyst that can last from quarter to quarter and even from year to year. Michael: Okay. Yeah, that’s very similar what we do over here on the commodities side, Price. We’re using the fundamentals as the background, maybe leaning on them a little bit more because we’re focusing on supply/demand here. From what you’re saying, it sounds like the fundamentals are the backdrop, and if you do get, say, a stock that gets a positive earnings, maybe you’re watching technical signals a little bit closer for buy signals at that point. Would that be fair to say? Price: It would be fair to say that, assuming you’ll align your technicals with that backdrop of the fundamentals. If they don’t align, you’ve got good fundamental news but you’re seeing things that look bad technically, we kind of will pay attention to that, but maybe just not try to take those trades where you don’t have that alignment between the technicals and the fundamentals. So, to us, a lot of traders think, especially newer traders, when they get into the game they’ve got to trade every day to justify their choice to be a more active and more involved trader a big part of their time, but, actually, a good thing to remember is that being a good trader means you’re first a good observer of what’s going on. You know when the odds are in your favor versus if they’re not in your favor, you get these cross currents between those technicals and fundamentals, and you learn to back off and that it’s okay to have a good portion of cash if you don’t have a clear edge, and wait until you have your edge to start to then make your investments accordingly. Michael: Okay. Let’s talk about technicals for a minute. I’m sure you could probably talk to us for the next eight hours about technical trading. From a real technical guy like yourself, do you have any favorite indicators that you like to lean on? Price: Absolutely. There are several that I go back to again and again. I’ve mentioned my Acceleration Bands, which people always ask “Is that like a Bollinger Band”, you know, John Bollinger developed a standard deviation band that’s become a real staple in a lot of people’s analysis. There are some similarities to it. The difference I would say with Acceleration Bands is they factor in the trend component more, in addition to the volatility component. We want to know what the expected range of prices should be for a stock or a market, but then we want to know when it moves out of that expected area. That’s when you see shifts in people’s perceptions of value, that’s when you see major trends develop to the upside or to the downside. We’ve added in other indicators, some of which are out there on most platforms, for example, Larry Williams developed an indicator called the Percent Range Indicator, or often just called %R, and it measures where the stock is in it’s existing range from typically a low to high range, 0-100%, essentially is what we look at. We’ve found that actually stocks that continually stay in the upper quintile, that is, the upper 20% of their readings, are stocks that are usually continued to make higher and higher prices. So, therefore, it becomes almost a trend definer when something is staying in that “over bought” area. A lot of people have been trained in the technical world that over bought is a very bad word- that you should be looking for the downside. We found that, actually, over bought can be very good if it fits a certain profile. Does that idea that in an uptrend, sure, strength begets strength, but people want to be a part of things that are going up and want to bail on things that are going down. So, sometimes in the bottom 20% where you see some of the crash-type scenarios happen for stocks and markets, or the institutions keep saying no, they don’t want to be a part of that, they want out. From that perspective you’ve got to sometimes retrain yourself, and that’s what we’ve ended up doing at BigTrends a lot is retraining newer traders that come to us or traders that think they know how it works from other things they’ve been doing, and saying yes, in a trading range, over bought/over sold, it’s kind of just going to chop around, up and down. We’re looking for the more meaningful moves where you get really a flush. For example, January of 2016, beginning of this year, you had just a quick initial gap down in the markets very first day- very unusual. Usually that’s a positive day, more often than not, to try and see if we can get off to a good start for the new year. It gaps down and then we fall through the downside right behind that, and that led to really several weeks of persistent selling pressure in January. That created a real opportunity for downside traders in put options or, you know, other strategies geared toward the bearish side for options. So, my view is that you have to see something like that through the Acceleration Bands or through the %R, what we call the BigTrends way, which is just looking at those top 20 and bottom 20 percent areas where something can really start to really move more dramatically. Make sure, if you’re the typical trading range trader, that you don’t get caught trying to fade or bet against those over bought periods and think it’s going to come down or in over sold periods think it’s going to bounce back up, because as the old trading motto goes “the markets can remain ‘irrational’ longer than you can remain solvent”. So, the idea becomes see what the wind up trend opportunity is and learn how to take advantage of it. One of the nice things too, Michael, that we have showed people within say a %R trend phase is re-entry strategies. Once you see that first break down point, how do you get back on the wagon to play it for another pot down after a bounce? What we have taught and found quite useful is finding these what we call “re-tests”, and variably, of course, you’re in a downtrend, you will get a bounce. It might be a one or two day kind of a bounce on a daily chart, the short-covering rally kind of phase, and the question is, is that the bottom or is that just a quick short list sort of flush of some of the we cans, and then you see it stop, and you see it go into another leg down. That retracement phase is really where we find some really good, especially on a risk-adjusted basis, a really good opportunities to hop on board a train. If we’re wrong, and it does violate that little retracement area, then we’ll get right back out, but if we’re right about it kind of retracing and holding into that support of resistance, then we get the wonderful entries within a trend. That’s something a lot of trader’s miss, is they think “Oh, I missed the first breakout move, therefore I’ve got to watch from the sidelines. I can’t chase it now, it’s too late.” Yet, you’ll go back and look later and see wow, there’s a lot more life in that trend. We show people those retracement points to get back on the horse. Often times two, three, four, five times in a daily chart trend we’ve seen some that have lasted up to as many as ten really good re-entry points before that trend will finally fade. So, if you’ve got multiple times you can hop on effectively and then you finally get stomped out on a trend, it gives you a lot of confidence to say “okay, I can keep my risks low. If I’m wrong, I’ll be out quickly”. Especially with options that’s important because you don’t lose a lot of time, and if I’m right I catch a wonderful spot to hop on board for the next trend phase. Michael: Thus the term Big Trends. Price: Exactly. That’s what we’re looking for. Leave the little trends to everybody else and focus on the bigger trends for sure. Michael: Okay. Let’s talk about options strategy a little bit. Most of our listeners here, Price, are options sellers, but I’m sure a lot of them are interested in all different types of options strategies. I noticed BigTrends offers quite a bit of information, courses, and resources on trading options in general. Having experience in so many kinds of options trading, do you have one or two favorite bread and butter options strategies that you tend to favor in your personal trading? Price: Well, the first step would be to identify that there are opportunities, I believe, on both the selling side of options and the buying side of options. We know markets don’t trend the majority of the time, although there’s always a bull market and a bear market somewhere. That’s why we look at, of the 4,000 plus optionable stocks in the ETS, we probably look at several hundred of them we consider to be liquid and active enough to handle plenty of volume for our subscribers. On the sell side, we tend to prefer the credit spread approach where you’re sewing an option out-of-the-money, so you’re benefitting from that time erosion. Then, at the same time you sell one option, you’re buying another option a little further out, a cheaper one to protect yourself, so you’re still getting that credit, that initial premium, in that an option seller wants, but you’re also protecting yourself and defining what your worst-case risk is. We just found that we just like the credit spreads better for the defined protected risk. You know, if the market has a crazy gap or stock has a crazy gap, then you’re on the wrong side of it. You’re avoiding that bigger hit in the case of some kind of really bad news day that goes against you. So, defining your risk is very important, and we always want to go into a trade knowing what our maximum risk is on the trade. So, that’s why credit spread’s a favorite neutral to time-based strategy to collect premium. Michael: Okay, so your preferred selling strategy is the vertical selling spreads. Price: That’s right. Michael: Sure. Okay, that’s some great insight, Price. Let’s shift gears here a bit and talk about today’s market. There seems to be just kind of a general sense of anxiety right now about the state of the world and the markets. Are you seeing that reflected in stock option values you follow? Is anxiety still driving the VIX or do you see it calming down now? Price: Well, certainly the VIX has really plunged back down, you know, as the markets have rallied back up here and by mid-April the volatility indexes have really fallen. You know, those things tend to move kind of in opposite fashion as the stocks were dropping. In January, you saw that big volatility spike upwards, so those things and patterns really haven’t changed, in my view. We do expect to see a lot of second half volatility in 2016 as we head into and even after the presidential election coming up in November. We would expect, as you look back when we elected new presidents back in 2008 and also in 2000, those were pretty rough times for the markets there in the second half, and into really even the beginning of the next year, if not further. So, our view would be that, not to say we’re expecting there has to be another great recession and another 2008 necessarily to kind of collapse, but we are expecting that we will see more volatility. Of course, that’s where you can kind of use options accordingly. One caution of course would be some people will look at the VIX and look at the VIX options and think, “well, the VIX is at 13. If I’m buying a 13 call or a 13 put it should be the same price”. Well, it’s not, because the VIX is priced against the futures on volatility, which are expecting that we will see a snap back in volatility in the second half. So, I’m not necessarily saying anything the market’s not already expecting to some degree, the question is can we get more volatility than what the markets expect? So, just be careful on that when you look at your options. You’ve got to make sure you’re pricing against the proper vehicle on volatility levels. Bottom line, we think that there is some bit of resonance, even as the market’s snapped back towards these highs, we see that people are kind of worried with the way the markets started in January this year, and worried about if that’s a pattern that is going to be played out again like what we saw in 2008. I would say, that’s a real simple, technical indication that you can keep an eye on with the 200 day moving average. That’s just a simple trend line looking back to the last 200 day closes. If you look back in 2008, we never retook that after the break down early that year. We got back up into it about April/May, tested it, and then failed there. This year, we’ve actually retaken it on the major averages, at least on the SNP, the Dow, the NASDAQ 100, the rest of 2000 has not retaken it, so the small caps are lagging here. We said stay away from those. Some other areas like Biotech and Healthcare have been lagging, you know, so if you watch just that simple trend line, that will tell you, in the longer term sense, kind of who’s winning the war between the bulls and the bears in that bigger picture battle. So for now, we’re back above it. We’ll see if we can hold it here, which will be a good sign if we can, and if we can’t, that’s probably where you’ll see a lot more caution starting to develop if things start to unravel below that support line, which is maybe a couple percent below current levels right now. Michael: Price, do you have any gut feel for the year 2016 and the big election coming up? Do you see stocks continuing higher or do you feel like there may be another correction? Price: I’m kind of at two camps there. I kind of gave you that little overview that we’re expecting more volatility in the second half. I think certainly in the short term, we’ve been rioting the up-trend signal that we got on %R and from the other tools back in late February, and basically have been benefitting from that kind of steady adjustment back up. I am expecting, based on history, the uncertainty, the fear factor, of who the president’s going to be. You know, we know we’re going to get a new one, one way or the other, but we don’t know which one, per say. A lot of potential of adjustments that can happen there, so basically I’m expecting that we’ll probably see some selling pressure in the second half. So, with that in mind, it wouldn’t surprise me to come back and eventually retest the lows some 10% lower than current levels right here in mid-April. My view would be that, short-term, we think we can get a little bit more out of the market on the upside, but, longer term, we’re expecting that the markets will probably have some adjustment down in the late summer through the fall, and then we’ll see what happens, how the markets behave after the election. The big thing, regardless of what you kind of lean towards on some of those longer term expectations, is you still have to trade what you see not what you believe, right? So, you can’t start to buy a bunch of put options here betting on it, and then, meanwhile, watch those get eroded further because we’re in a short-term up-trend, and then basically blow them out because you just couldn’t take the pain, kind of a thing. Of course, like in life, timing in trading is everything. Our view is pretty much short-term. We’re riding the up-trend while we can, but kind of keeping maybe a little smaller allocation, maybe a little less exposure than we might otherwise have with those longer-term concerns. Again, like we said before, you don’t have to try to hit a home run on every trade, you don’t have to be allocated heavily on every trade. You can, certainly, if you have those lingering concerns in your mind, you can always take smaller positions. You can always sit on the sidelines if you’re really not sure, but if you’ve got some opportunities happening in the short-term, you can still trade them, you might just trade them a little smaller. So, that’s part of trading too, is knowing when to pressure bets, when things will wind up short-term and longer-term, versus if you have some of those crosscurrents, when to maybe trade smaller and be a little quicker to tighten your stop or pull the trigger on a trade at a smaller profit target if you’re just feeling like, “Well, we’ll take it and be happy with it and move back to cash, and wait for the next low risk entry point”. That’s the big part of it, right now, expecting some of those crosscurrents we’re going to trade a little smaller and try to wait until we really see things line up, if we move into the second half in front of and after the election. Michael: Okay. Price, I know you’re not a commodities guy, per say, but a lot of stock guys follow some commodities like gold and oil because it can have an impact on overall global economy. Do you follow any commodities prices like that? Price: Certainly oil and gold have been ones that have been on our radar for a long time. Oil is one that we were real bearish on in the middle of ’14 and as we got some of our really major breakdown signals. Those downtrends, in the longer-term, still remain in place. We’re getting some stabilization in oil here, but certainly nothing that I would view as any kind of a longer term buy signal yet. So, we continue to side with being cautious on oil and meanwhile, gold though, the other big one that would fall into the commodities space, you know, that saying that started this year, we had some wonderful breakouts. So, my view would be that, yeah, that looks like it’s an improving trend that might create some real nice opportunities perhaps in the near term as we stay in this very accommodative monetary policy, not just in the U.S., but around the world. So, paying very close attention to gold here as we go through the rest of the year and into next year. Michael: Okay. Alright, Price, it’s just kind of a personal interest question, but do you have a personal favorite investment book? Not counting yours or mine. Price: Yeah, what I always tell people, I mean, there’s so many great ones, but Reminiscences of a Stock Operator by Lefevre. It’s based on the life of Jesse Livermore, the famed trader who lived some hundred years ago. Those principals still apply. I always have myself and my staff read that book at least once a year, because it’s just, more than anything, about the psychology of trading, how the crowd kind of reacts during different stages of a move, how Livermore essentially was trading it in the day and it’s a fascinating read and it’s one that those timeless psychological principles still apply, not just for stocks, but for any type of trading. I just think there’s something great about reading about what was going on a hundred years ago and seeing this stuff even with all the changes in technology, even with all the changes in computers, and what not, and hey, we can have a systematic approach, and guess what? Somebody’s still programming the computers, and that’s humans. There’s still a human element and you can’t eliminate emotions, but it’s like learning how to manage those emotions in your trading will, I think, give you a big leg up on the rest of the crowd. Michael: It’s a great book and it’s still in print and they still reprint it today. It’s certainly a classic and any investor should read if you’re really considering being a trader. Price, as far as your website goes as somebody just coming there, just looking at BigTrends, where would you recommend they start? What resources would you recommend first? Price: I mean, obviously, on the BigTrends.com site there’s so much free content there. That’s a great way to just kind of dive into the educational link on the top. I’ll walk you through a lot of free educational articles and content. Then there’s a way that people can, with my compliments, become a BigTrends insider. There’s a sign-up box you can just put in your name and e-mail, and basically you can get on our list for, not just the newest articles, but also other special education events. We do a lot of complimentary webinars, depending on the time of year and where we see things we want to point out to people that might be opportunities to consider. So, getting into becoming a BigTrends insider on that little sign-up box there, on the top right of the site there on BigTrends.com, gives people the ability to get invitations to those complimentary events from time to time. So, that’s become a real popular starting place and we realize that everybody’s educational journey is different. Some people can absorb a lot real fast, other people want to take it a little slower, and we tend to encourage people to make sure that you get educated first before you try to rush into trading, because, of course, you rush into trading without the proper education, the markets will give you an education of it’s own that probably won’t be as favorable to your portfolio as if you actually get properly educated first and really make sure you understand risk as well as the right way to trade going forward. We’re big believers that education is critical. A lot of people think they get out of school, when they’re done with school, for their life. I think that’s the exact wrong approach. I always say it’s better to be grieving growing than ripe and rotting. So, you want to make sure that you always feel like you’re looking to add that next edge into your portfolio, that next opportunity. I’ve been trading for more than 25 years and still always looking and testing for additional edges, additional things to add, because that just keeps you sharp. That way, you don’t get complacent, and the markets have a way of humbling those that get a little bit too overconfident in their ability. So, we always want to stay humble and stay in that constant learning mode. I think it’s a really powerful value that can serve you for the rest of your life, in trading and in life in general. Michael: Great points, Price. One thing I want to mention to our readers and listeners is one of the things we talk a lot about is, not only diversification of strategy, but diversification of asset class. Both of those things are important. If you’re listening to our radio show here or reading our newsletter and you probably have an interest in either commodities or selling commodities options, a lot of people want to diversify into stock or stock options, or vice versa. That’s what Price does. That’s what BigTrends does. If you want to learn more about it, it’s a great website to learn more about stock options, stock option trading, and I looked at it and I certainly recommend it to anyone interested in that aspect of that asset class of stock and stock options. Price, I want to thank you. This has been a great interview. You got some good information to share with our listeners here, and we hope to have you back again at some time in the future, if you’re willing. Price: Oh, anytime Michael. I really look forward to it. It was a lot of fun and I enjoyed it as well. Look forward to staying in touch and wish everybody great trading in the rest of 2016 and beyond. Michael: Perfect. Thank you, Price, for everything.

Podcast: Currency Strength and the use of Bollinger BandsIn this video: 00:31   Currency strength and weakness analysis 03:22   Trading with Bollinger Bands 05:07   Identifying the right part of the chartIn today’s video and podcast I’m going to explain how I trade with currency strength and weakness each day and also I’ve got a question that I like to answer regarding the use of Bollinger Bands. So let’s get into that and explain more right now.   Hi Forex traders, it’s Andrew Mitchem here, The Forex Trading Coach. And I’d like to answer a couple of questions that I’ve been asked over the last couple of weeks from people and the first one relates to the currency strength and weakness analysis that I post each day on my website. I post also in a number of other sites such as Forex Peace Army where I’m one of the giants on that site. The way that I like to use that is if I’m seeing strength in a particular currency pair let’s say the Euro/U.S. Dollar (EUR/USD) as an example. Let’s say I’m seeing strength, I’m looking for predominantly buy positions. What that means is overall, I’m looking for a lot of strength in the Euro currency and at the same time I’m seeing weakness in the U.S. Dollar (USD). Put that together, the Euro and the U.S. as the currency pair because of course we have to trade in pairs as Forex traders. That means that ideally I’m looking for the Euro against the U.S. to rise in the value over the next 24 hours. The Practical Way Of Trading So as a practical way of trading that, what that means is if I’m looking at the Euro/U.S. Dollar (EUR/USD) and I’ve identified that and I see buy trade setups on any other shorter time frame charts that day, that to me has to have a lot of extra strength and probability about those trades working and working in other words getting to the profit targets and in my favor. Now that means that I have the longer time frame charts showing a likelihood of the Euro/U.S. Dollar (EUR/USD) moving up, it means that when I take my trade maybe it’s the 4-hour chart or the 1-hour chart or even down to a 5-minute chart whatever it is, if I see a buy trade I’m trading with that likely overall direction. So think about the probabilities because trading and technical trading does come down largely to probabilities. The probability is I’m trading with the main trend. If the setup is good enough and I have my stop loss and my profit target in place at correct technical levels therefore the trade has a high probability of working than taking sell trades on that day. Let’s say that over the course of the day the Euro/U.S. Dollar (EUR/UDSD) just falls and falls and falls and I’ve said I’m looking for buy trades. What that means is the likelihood of me taking a buy trade is very, very small because I’m not likely to see any good setups if the currency pair has just fallen all day. So although it means that it’s not ended the day in the direction that I was ideally looking for, it means on the shorter time frame charts I probably haven’t lost anything because I haven’t taken any new trade setups. So there has to be; when you think about that a lot of benefits of identifying strength and weakness and trading in those directions for that day. So that’s the first question. The Use Of Bollinger Bands The second question I’ve had, it has to do with Bollinger Bands and the use of Bollinger Bands (because I’m not sure if you can see behind me here on my screen), I do use Bollinger Bands. It’s one of the few standard indicators that I use. I don’t take it as such as, like to identify a trade setup as such. I’m not using whether it’s bounce up a Bollinger Band or hit it or move down and whatever it might be, I’m not doing that. What I’m doing is I’m using Bollinger Bands to help identify what part of the chart the price is in r...

Michael Covel talks with John Bollinger on today’s podcast. Bollinger is responsible for a technical indicator that just about everyone has heard of: Bollinger Bands. Bollinger has been popularizing price-based indicators since the early 1980s, and Bollinger Bands arose from the need for adaptive trading bands and the observation that volatility was dynamic, not static, as was widely believed at that time. Covel and Bollinger discuss Bollinger Bands as described for the lay person; defining when a price is relatively high or relatively low; defining “relatively high” and “relatively low”; measuring volatility to determine the “width” of a Bollinger Band; standard deviation; the beginnings of Bollinger Bands, and how John Bollinger came to put it together; different ideas about volatility in the 1980s; some of Bollinger’s early curiosity triggers, and why he started digging into finance after going to art school; light, film, and Bollinger’s experience at the School of Visual Arts; Bollinger’s experience in his apprenticeship to learn technical analysis; “the best authority is the price itself”, and why this statement isn’t very well accepted in the mainstream; differences between fundamental and technical analysts; Bollinger’s look at media and the presentation of his message over the years; why Bollinger would be known as a quantitative analyst instead of a technician if he started his career now; position sizing; and why volatility is the least understood aspect of the market. More information on John Bollinger can be found at www.bollingerbands.com. Want a free trend following DVD go to trendfollowing.com/win.

This article was originally posted January 15, 2012 on Cloud Services Roundtable This program was recorded and is posted here. Part One of this Interview is posted here. Interview Continued: Joyce Blonskij – Own the Clouds: The First Guide To Investing In Cloud Computing Companies This is Part 2 of my interview with investment advisor and author Joyce Blonskij. Joyce is the author of Own the Clouds – The First Guide To Investing In Cloud Computing Companies. This book will be released on January 31st, 2012. For more information on the big “Virtual Launch Party” and a bunch of free give-aways, see http://owntheclouds.com/. In this follow-up interview, Joyce gives some tips about getting started in Wall Stree investmenting. Joyce als introduced the four Key Cloud Elements – so you can identify cloud companies you want to own. She also introduces a chart called a Bollinger Band – her favorite kind of charting tool The book will be only $24.95, and that prices includes a number of give-aways you can find out about at seehttp://owntheclouds.com/. Joyce will be donating all proceeds from this book to charities, including Kiwanis House.http://www.kiwanisfamilyhouse.org/ Members can download this recording right now and get the year started off right with an introduction to investing. It’s particularly cool to have such a great guide with a hook into our area of expertise. Check it out today.