Podcasts about Bollinger Bands

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Brien Lundin, Editor of the Gold Newsletter and our host at the New Orleans Investment Conference joins me to discuss the current trends and future prospects of the gold market. Despite a slight decline since late September, gold continues in an uptrend with dips being generally shallow.    Looking at the gold chart, Brien notes technical indicators like Bollinger Bands, which have historically signaled pauses and subsequent rallies within bull markets. He also addresses the relative resilience of gold amidst a rising U.S. dollar and interest rates, suggesting broader financial system worries might be driving the parallel increase in gold prices.    We also discuss the performance of major and mid-tier gold miners, noting their financial successes and the potential shift towards increased M&A activities as they seek to maintain growth and appeal to generalist investors.    On the silver front, Coeur Mining's acquisition of SilverCrest is highlighted, underscoring the industry's ongoing consolidation trend. Brien also touches upon the current exploration landscape, noting high-grade discoveries, and potential opportunities in existing resource-rich juniors.    Looking ahead, we discuss what to expect from the 50th anniversary of the New Orleans Investment Conference from November 20th-23rd. Renowned speakers and industry experts are set to provide valuable insights, with a money-back guarantee that reinforces the conference's commitment to delivering substantial value to attendees.   Click here to learn more about the New Orleans Investment Conference on November 20-23. 

Send us a texthttps://youtu.be/0ndeL5ImMSgTry VectorVest Risk-Free ➥➥➥ https://www.vectorvest.com/YTDescription: In this video, we dive deep into technical analysis, exploring key concepts that help traders make informed decisions in the financial markets. Whether you're a beginner or a seasoned trader, this video covers essential tools and strategies such as:• Candlestick Patterns: Understand bullish and bearish patterns and how they signal potential reversals or continuations in price.• Moving Averages: Learn how to use simple and exponential moving averages to identify trends and entry/exit points.• Support and Resistance: Discover how to spot key levels where prices tend to pause or reverse.• Bollinger Bands and the power they posses to make your trading much more profitable!Use this link for a FREE Stock Analysis Report ➥➥➥ vectorvest.com/YTFSAVectorVest Merch Store  ➥➥➥ https://vectorvest.com/MerchandiseSUBSCRIBE To The VectorVest Channel ➥➥➥ https://www.youtube.com/user/VectorVestMB/?sub_confirmation=1

In this video, we're unlocking one of the most powerful trading secrets: order blocks. If you've ever wondered why price hits a certain point and either bounces or breaks through, you're about to find out exactly what's going on behind the scenes. Spoiler: it's all about where the big players are hiding their trades. Once you know how to spot order blocks, you can seriously level up your trading game. We start off with a quick Costco run story (because seriously, who leaves Costco without spending way more than planned?), but after that, we jump straight into the good stuff. The market right now? It's weird. We're seeing a bullish trend, but bearish market breadth—basically, the market's moving up, but not everything is playing along. That's a massive red flag for traders looking to dive in without checking all the signals. Then we break down some key stocks like Amazon, Etsy, and Tesla, and this is where it gets wild. You'll see how order blocks act like invisible walls, stopping or pushing price with pinpoint accuracy. Amazon's got an order block from January 2023 that's still holding strong, and Etsy? It keeps bouncing between order blocks from last year. Then we look at Tesla, which has FOUR massive order blocks stacked on top of it—good luck breaking through that anytime soon! Here's the thing: a lot of traders get caught chasing moves without knowing these hidden zones even exist. That's why having rules and patience is everything in trading. We talk about how following the rules saves you from bad trades and helps you lock in on the real opportunities. I also share my golden ticket trading strategy, which keeps things super simple. Forget about all the noise—just focus on order blocks, moving averages, and ATR for position sizing. Trust me, it works. We dive into how this strategy helps you cut out the clutter and focus on what really matters. But it doesn't stop there. We check out GE, where an order block set way back in November 2021 has kept the stock on a huge uptrend—an 84% gain over 159 candles. This isn't just luck; it's how the market moves when you know where to look. We even get into a little more advanced stuff like VWAP, MACD crossovers, and Bollinger Bands. But don't worry, we keep it chill and easy to follow. The main takeaway? You don't need a million indicators. Just use the ones that help you actually make smart trades. Then we show you how to tweak the sensitivity settings on the order blocks, which can change the game for you. A setting of 50 shows you the bigger, more important order blocks, but dropping it to 28 helps you find hidden opportunities, especially if you're a day trader looking for those short-term plays. It's like having a backstage pass to the market. By the end of this video, you'll not only understand what order blocks are, but you'll be able to use them to spot high-probability trades and dodge the bad ones. This is a strategy that can completely change the way you approach the market. Also, heads up! If you're not using OVTLYR yet, now's your chance to lock in the lowest price of the year until September 30th—just $299 for a full year. That's less than a dollar a day to get access to AI-powered tools that help you save time, make more money, and lower your trading risk. Don't miss out on that. #StockTradingSecrets #OrderBlocksExplained #LevelUpYourTrading #AmazonStock #TeslaStock #DayTradingHacks #InvestingForBeginners #OVTLYRTrading #StockMarketAnalysis #SmartInvesting #TechnicalAnalysisTips #BullishVsBearish #InvestingMadeSimple Hit the like button if you're ready to take your trading to the next level, and don't forget to subscribe so you never miss a video. We're all about helping you win in the market, and there's plenty more coming!

As Bitcoin battles with the $65,000 resistance, held back in part by a slump in the stock market, analysts are making both bullish and bearish observations from the data. On the one hand, retail investors are nowhere to be seen but may be necessary for a “true” bull market. On the other hand, volatility has dipped to historic lows, which could indicate that extreme volatility is in the past. If I had a third hand, I'd say: What if those two observations are related? Elsewhere, we have more information on the devastating WazirX exchange hack and some theories on who might be behind it. Then, to cap the week off, we discuss whether a wearable cold wallet is a good idea or not — what do you think?Further reading:Stock market slump trickles into today's Bitcoin and altcoin correctionBitcoin ‘real bull run' out of reach as retail demand metric hits 3-year lowBitcoin “crazy tight” Bollinger Bands point to $190K BTC price targetOnchain analysts tie $235M Indian exchange exploit to North Korean hackersWazirX hacker funnels $149M of SHIB, MATIC, other altcoins into ETHBitcoin self-custody comes to the masses with new ‘crypto ring'So, 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.

Dive deep into the intricate world of veteran investor Andrew Baxter in this Money and Investing Show. Explore his cutting-edge investment strategies, portfolio's content, and the logic behind his decisions. Discover the stocks, ETFs, and bonds he holds and learn the techniques he uses to maximize rewards while minimizing risks. By delving deeper into his wisdom, you'll gain valuable insights into market trends and effective investment approaches. In this episode, Baxter elaborates on his expectations for US interest rate cuts and how he's positioned himself to benefit from them despite the delay in implementation. Learn about his keen use of long US treasuries, additional options with bonds, and his stance on triple-geared US treasury exchange-traded funds. He also addresses the challenges of volatile inflation data, sharing his astute risk management strategy amid uncertainty. Further, Andrew talks about his exposure to the NASDAQ, his use of T-Triple-Q for portfolio diversification, and the importance of company earnings during the investment decision-making process. He also discusses his long-term holding in the Indian equity market enabled through the PIN ETF and his stance on potential exposure in the energy sector and lithium. Follow along as experienced trader AB navigates through complex topics, from technical setups identified while trading to lithium's “golden fingerprint” and the utility of Bollinger Bands coupled with on-balance volume. He also shares his asset allocation strategy, a "smash and grab” trades approach, balancing high risk and potential gain. Don't miss AB's valuable advice on risk management, explaining why it's crucial to understand your personal risk appetite. The episode concludes with useful tips for budding investors and emphasizes simple yet effective means of choosing appropriate investment instruments and tactics.   Subscribe to our Channel: https://www.youtube.com/channel/UCfmaldKMEUc5qXeIQ7zEBeA?sub_confirmation=1   FREE Online Training with Andrew Baxter: https://bit.ly/cod-online   Subscribe to Money and Investing Podcast: http://www.moneyandinvesting.com.au/   The Wealth Playbook: Your Ultimate Guide to Financial Security: https://www.wealthplaybook.com.au/  The Wealth Playbook on Audible: https://www.audible.com.au/pd/The-Wealth-Playbook-Audiobook/B0CXYYWZTB?qid=1711282387  

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I'll Show You My Trades & Why We Took Them  Podcast: Signup For my Forex Masterclass Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Book a Call with Andrew or one of his team now Click Here to Watch Prop Firm Masterclass #542: I'll Show You My Trades & Why We Took Them In this video: 00:32 – Sharing my screen and showing you my trades. 01:05 – Trades taken this week on D1 charts. 04:12 – Copying trades to other accounts and prop firms. 04:43 – EUR/CHF D1 trade. 06:11 – 3x H12 chart trades taken. 08:24 – How we trade and teach our clients. 10:29 – Trade through Blueberry Markets. 10:42 – Attend my Masterclass, Prop Firm webinar and book a call with us. In this week's video and podcast, I'm going to share with you some trades that we have posted on our membership site and our forum site and take in ourselves this week so we can show you how we operate, how we trade and how we have great results. Let's get into that a more right now. Hey there, Traders! Andrew Mitchem here at Forex Trading Coach with video and podcast number 542. Sharing my screen and showing you my trades. Something a little bit different this week. I've had multiple requests asking for me to share my screen and to show you some of the trades that we take. So that's exactly what I'm going to do. This week. So if you're listening on a podcast, apologize, but this is definitely going to be more of a visual video. So if you're on a podcast, maybe you can go and look at your charts whilst listening to the podcast or after and see some of the trades. But I will be descriptive in the trades set up. So let's get into this straight away. Trades taken this week on D1 charts. So this week we've had a very short week due to the Easter break. But what I want to share with you are just some trades that I have taken myself on our membership site and our forum site. So let's share with you here. This is going back to Wednesday, the 3rd of April. And you're seeing here I've got some trades on the EUR/CHF and the AUD/JPY. I want to cover those two to start with. These are taking on the daily charts. These are taken in advance of the market moving. And you can see all the reasons we put there, the entry and exit levels, etc. So I'll take that off and I'll just go back to the actual chart and share with you what it is we are looking at. So this is the Aussie yen in here that we took on the close of the Tuesday candle going into Wednesday, which was the 3rd of April 2024. You can see the two trades I've taken down here and you can see the results. But more importantly, I want to explain why we took rates. And if I take the chart out slightly, you can see that overall the AUD/JPY has been this is going back to like the end of December of last year, has been overall in quite an uptrend. And so when we saw this pattern here now obviously on my own charts, I have extra lines, indicators, etc., Candle Identifier, Bollinger Bands, etc. like that? But for the purpose of this video of stripped all that off to make it a little bit cleaner for you to see. And also if I put my exact levels on that, I would be looking at today, which is Friday the 5th of April, those levels wouldn't be relevant for this candle back here. However, what we saw overall was that bigger picture uptrend, as I mentioned. And then we saw this nice pullback here. And notice after this big pullback on the 22nd, we then had quite a few indecision candles and then we had the change around here. So this is quite a significant area that we see the price pull back to. Then we get our bullish candle on the Tuesday, which is the first full day after some shorter days throughout the Easter break through here. So we took it buy trade. And on our daily trade suggestions, you can drink bitcoin, you can see in here we had a buy trade at 98.64. To bear in mind we post these on the completion of this candle.

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  Einführung in Bollinger Bänder (00:00 – 00:12) Einführung in die Bollinger Bänder, einen beliebten Indikator im MetaTrader, der einfache Ein- und Ausstiegsregeln in beide Richtungen ermöglicht. Erklärung der Ein- und Ausstiegsregeln (00:12 – 00:22) Erklärung der Ein- und Ausstiegsregeln für Short und Long Trades mit Bollinger Bändern. Berechnung der Bollinger Bänder (00:22 – 00:50) Demonstration, wie die drei Werte für die Bollinger Bänder berechnet werden: Mittelband, oberes und unteres Band. Nutzung der Bollinger Bänder für Handelssignale (00:50 – 01:11) Erklärung, wie der Schlusskurs einer Kerze außerhalb und innerhalb der Bänder als Handelssignal genutzt werden kann. Erstellung eines Bollinger Band Expert Advisors (01:11 – 02:07) Anleitung zur Erstellung eines einfachen Bollinger Band Expert Advisors im MetaEditor. Berechnung der Bollinger Band-Werte im Expert Advisor (02:07 – 03:10) Schritt-für-Schritt-Anleitung zur Berechnung der Bollinger Band-Werte im Expert Advisor. Ausgabe der berechneten Werte auf dem Chart (03:10 – 03:55) Demonstration, wie die berechneten Werte der Bollinger Bänder auf dem Chart ausgegeben werden. Einrichtung der Bollinger Bänder im MetaTrader (03:55 – 04:43) Anleitung zur Einrichtung der Bollinger Bänder im MetaTrader und zur Erstellung eines Templates. Speichern und Anwenden des Templates (04:43 – 05:19) Anleitung zum Speichern und Anwenden des Templates mit den Bollinger Bändern im Strategie-Tester. Demonstration des Expert Advisors in Aktion (05:19 – 06:19) Demonstration des Expert Advisors im Strategie-Tester und Überprüfung der berechneten Werte der Bollinger Bänder. Zusammenfassung und Anwendungsmöglichkeiten (06:19 – 06:19) Zusammenfassung des Gelernten über die automatische Berechnung der Bollinger Bänder und deren Nutzung im Expert Advisor.   Mit MQL5 und dem Bollinger Bands Indikator lassen sich für den Metatrader5 sehr schöne Strategien programmieren, mit denen man auch aufgrund von dynamischen Bewegungen einfach automatisch traden kann… Falls Sie sich einmal mit Markttechnik befasst haben, oder im Metatrader gerne Indikatoren benutzen, dann kennen Sie vielleicht die sogenannten Bollinger Bänder. Es handelt sich hierbei um einen sehr beliebten Indikator, der es jedem Trader ermöglicht mit sehr einfachen Regeln Ein- und Ausstiege in beide Richtungen zu finden. Die Einstiegsregel für einen Short-Trade besagt, dass man, sobald der Kurs das obere Band überschreitet und wieder eintritt, in die absteigende Richtung einen Sell-Trade eröffnet. Andersherum würde man in diesem Fall hier beim Überschreiten der unteren Linie einen Buy-Trade eröffnen, weil zu erwarten ist, dass sich der Kurs hier nach oben bewegt. Halten wir die Simulation an dieser Stelle einmal kurz an, dann können wir erkennen, dass hier oben drei Werte berechnet werden. Der Wert MeinMittelbandwert zeigt gerade einen Wert von 0.71064 an. Wenn ich kurz die Maus hier unten hinhalte, dann sehe ich, dass ich 0,710643 habe, da dieser Wert etwas aufgerundet wird. Für das obere Band habe ich einen Wert von 0,711245 berechnet und auch das untere Band wird mit 0,710040 korrekt berechnet und hier oben dargestellt. Wofür ist das Ganze gut? Ganz einfach, wenn der Schlusskurs einer Kerze ausserhalb des unteren Bandes liegt und der Schlusskurs der nächsten Kerze wieder innerhalb der Bänder liegt, dann kann ich das als Einstiegssignal in die entsprechende Richtung nutzen. Wie berechnet man jetzt diese Bollinger Bänder? Um das zu tun, klicken Sie bitte im Metatrader hier oben auf den kleinen Button oder drücken die F4-Taste. Das wird den Metaeditor aufrufen. Hier wählen wir Datei, Neu,

  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.

Getting the bands together. John Bollinger of Bollinger Capital Management joins Investor's Business Daily's “Investing with IBD” podcast to talk about the origins of the Bollinger Bands and their use in measuring price volatility. Learn how to use it as a trading signal and why ETFs have their strengths and limitations. Plus, if you're still bandying about ways to use them, we check out Cintas (CTAS), Intel (INTC) and Amazon (AMZN). Learn more about your ad choices. Visit megaphone.fm/adchoices

(11/7/23) How did WeWork go from $47-B to Bankruptcy? Beware the days' 'narrative of the moment' in interest rates, AI. Market performance ahead, pre- and post-Thanksgiving. Is the Bond Bear market dead or just hibernating? Are bon yields doing the Fed's dirty work now? WeWork is a symptom. Yields are a function of debt and economic growth = Bond Math. Don't be distracted by the media. Why the Fed wants higher rates; the risk of recession in 2024: It will not be THE economic event of the year, thanks to existing liquidity and minimum layoffs. Balancing the possibilities vs the probabilities. A brief market preview; reading the emails: Understanding the fundamentals. Why we trimmed Apple: They're not growing revenue. What is a Moving Average and what does it do? Takes the volatility out of pricing. Looking at Bollinger Bands; investor psychology: You cannot make money if you're bearish all the time. Investors need optimism. SEG-1: WeWork is Now WeBroke SEG-2: Is This the End of the Bond Bear Market? SEG-3: Why a 2024 Recession Will Not Be THE Big Financial Event SEG-4: Why We Trimmed Apple Hosted by RIA Advisors' Chief Investment Strategist Lance Roberts, CIO Produced by Brent Clanton, Executive Producer -------- Watch today's show on our YouTube channel: https://www.youtube.com/watch?v=4LanrwUVR4s&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=9s -------- The latest installment of our new feature, Before the Bell, "Will Markets Retest Today?" is here: https://www.youtube.com/watch?v=Cg-NOraPNew&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- Our previous show is here: "Why You Cannot Invest Like Warren Buffett" https://www.youtube.com/watch?v=joE1n-XJZYY&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe -------- Articles Mentioned in this Show: "Bond Bear Market. Is It Dead, Or Just Hibernating?" https://realinvestmentadvice.com/bond-bear-market-is-it-dead-or-just-hibernating/ "Job And Retail Sales Data: Always Good Until They Aren't" https://realinvestmentadvice.com/job-and-retail-sales-data-always-good-until-they-arent/ ------- Get more info & commentary: https://realinvestmentadvice.com/newsletter/ -------- Register for our next Candid Coffee: https://us06web.zoom.us/webinar/register/6316958366519/WN_jCrzdX9uSJSrg5MBN5Oy8g ------- SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow -------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #InvestingAdvice #BondMarket #WeWoke #Apple #EmploymentReport #FederalReserve #InterestRates #BlackFriday #ConsumerConfidence #BankFailure #Recession #Markets #Money #Investing

(11/7/23) How did WeWork go from $47-B to Bankruptcy? Beware the days' 'narrative of the moment' in interest rates, AI. Market performance ahead, pre- and post-Thanksgiving. Is the Bond Bear market dead or just hibernating? Are bon yields doing the Fed's dirty work now? WeWork is a symptom. Yields are a function of debt and economic growth = Bond Math. Don't be distracted by the media. Why the Fed wants higher rates; the risk of recession in 2024: It will not be THE economic event of the year, thanks to existing liquidity and minimum layoffs. Balancing the possibilities vs the probabilities. A brief market preview; reading the emails: Understanding the fundamentals. Why we trimmed Apple: They're not growing revenue. What is a Moving Average and what does it do? Takes the volatility out of pricing. Looking at Bollinger Bands; investor psychology: You cannot make money if you're bearish all the time. Investors need optimism. SEG-1: WeWork is Now WeBroke SEG-2: Is This the End of the Bond Bear Market? SEG-3: Why a 2024 Recession Will Not Be THE Big Financial Event SEG-4: Why We Trimmed Apple Hosted by RIA Advisors' Chief Investment Strategist Lance Roberts, CIO Produced by Brent Clanton, Executive Producer -------- Watch today's show on our YouTube channel:   https://www.youtube.com/watch?v=4LanrwUVR4s&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=9s -------- The latest installment of our new feature, Before the Bell, "Will Markets Retest Today?" is here: https://www.youtube.com/watch?v=Cg-NOraPNew&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- Our previous show is here: "Why You Cannot Invest Like Warren Buffett" https://www.youtube.com/watch?v=joE1n-XJZYY&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe -------- Articles Mentioned in this Show: "Bond Bear Market. Is It Dead, Or Just Hibernating?" https://realinvestmentadvice.com/bond-bear-market-is-it-dead-or-just-hibernating/ "Job And Retail Sales Data: Always Good Until They Aren't" https://realinvestmentadvice.com/job-and-retail-sales-data-always-good-until-they-arent/ ------- Get more info & commentary:  https://realinvestmentadvice.com/newsletter/ -------- Register for our next Candid Coffee: https://us06web.zoom.us/webinar/register/6316958366519/WN_jCrzdX9uSJSrg5MBN5Oy8g ------- SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow -------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #InvestingAdvice #BondMarket #WeWoke #Apple #EmploymentReport #FederalReserve #InterestRates #BlackFriday #ConsumerConfidence #BankFailure #Recession #Markets #Money #Investing

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.

  Here is a detailed summary of the video The video starts with an introduction on how to automate the Bollinger Bands indicator to automatically open four trades for Metatrader 0:01. It shows that a first open position is already in place 0:13. The speed is slightly increased to demonstrate that it works 0:16. It is explained that the Bollinger Bands indicator was the indicator with which the first profits were made in automated trading 0:23. Next, it shows how to automate this indicator with MQL4 for Metatrader 0:32. This is done by clicking on the small button or pressing the F4 key on the keyboard to call up the Meta Editor 0:41. In the Meta Editor, a new Expert Advisor is created and named “SimplerBollingerBandsStandAloneEA” 0:55. Everything above the On Tick function is deleted, as are the two comment lines 0:64. A variable for the signal is created 0:71. Then it goes to the determination of the Bollinger Bands 0:86. It is explained that entry signals should be created whenever a candle closes outside one of the bands and a re-entry takes place 0:93. The Bollinger Bands are calculated with the built-in iBands function for the current currency pair on the chart and the period selected on the chart 1:09. This is calculated for twenty candles 1:20. It shows how to insert the Bollinger Bands in Metatrader by clicking on Insert, Indicators, Trend, Bollinger Bands 1:33. It explains how the actual order commands are executed. If the signal has the value “Buy” and the OrdersTotal function returns zero, i.e., if there are no open positions, then ten micro lots are bought 2:40. The same applies if a sale is to be made 2:77. Finally, it shows how to create a chart output. The comment command is used for this 2:94. The video ends with the explanation that in this short video, you have learned how to generate buy and sell signals for the Bollinger Bands and how to automatically trade the recognized signals with Metatrader four 3:83. Not sure what to do? Click on the automated trading assistant below MQL4 TUTORIAL BASICS - 102 SIMPLE BUY CROSSOVER STOP   This video, we are going to create an Expert… MQL4 TUTORIAL - SIMPLE COMMODITY CHANNEL INDEX In this video we are going to trade the Commodity… MQL4 TUTORIAL BASICS - 88 SIMPLE ALLIGATOR INDICATOR In this video we are going to create an expert… MQL4 TUTORIAL - SIMPLE MODULAR EXPERT ADVISOR In this vid...

John Bollinger is President and Founder of Bollinger Capital Management. He invented Bollinger Bands in the early 1980s, and now the adaptive tool helps traders of all experience levels improve their results via pattern recognition, system-based trading, and other techniques. In this interview, John discusses how he typically uses Bollinger Bands on a daily or weekly basis, and how they can be used in conjunction with gauges of volume, trend-based indicators like MACD, and overbought/oversold indicators like MACD, RSI, and MFI.John also covers the current market environment and how stocks are “walking up the upper band”, even as they could pull back from overbought levels. He further explains why he believes this is both a “portfolio manager's dream” and a “classic swing trader's market.” Finally, John gives a sneak peek at what he'll discuss at our upcoming Investment Masters Symposium in Las Vegas, set for Aug. 8-10, 2023 at the Paris Las Vegas. Go to moneyshow.com for more information.

In diesem Video werden wir einen Expert Advisor erstellen, der in der Lage ist, automatisch ein Bollinger Bands Einstiegssignal und einen Filter für den MacD Oszillator in Metatrader5 zu handeln. Beide Indikatoren sind sehr beliebt und können kombiniert werden, um Kauf- und Verkaufssignale zu erzeugen, die mit diesem eigenständigen Expert Advisor automatisch gehandelt werden können. Schauen wir uns also an, wie man das in MQL5 macht. Bitte öffnen Sie den MetaEditor. Wir beginnen mit der Erstellung eines neuen Expert Advisors, indem wir auf Datei, Neu, Expert Advisor aus Vorlage klicken. Fahren wir fort mit der Include-Funktion, um die Datei Trade.mqh einzubinden, die mit MQL5 geliefert wird. Sie bietet vereinfachte Handelsfunktionen und wir erstellen eine Instanz der Klasse CTrade, um sie nutzen zu können. Anschließend binden wir zwei Dateien für das Einstiegs- und das Filtersignal ein. Die erste ist für die Bollinger Bands und wird uns ein Handelssignal liefern. Die zweite ist für den MacD und wird uns ein Filtersignal liefern. Beide Dateien wurden bereits als separate Module programmiert, so dass sie auch für andere Expert Advisors verwendet werden können. Wenn Sie Zeit und Mühe sparen möchten, können Sie zu MQL5Tutorial.com gehen, wo Sie den Premium-Kurs und eine Menge vorprogrammierte Quellcode-Dateien im Store finden. Im nächsten Schritt müssen wir den Ask Preis und den Bid-Preis berechnen. Dies können Sie mit der Funktion SymbolInfoDouble für das aktuelle Symbol im Chart tun. Wir verwenden Symbol_Ask zur Berechnung des Ask Kurses und Symbol_Bid zur Berechnung des Bid-Kurses. Mit NormalizeDouble und UnderscoreDigits können wir die Anzahl der Ziffern hinter dem Punkt berechnen. Je nach Währungspaar können das 3 oder 5 Ziffern sein. Mit MqlRates erstellen wir ein Array für Preise, genannt PriceInfo. Innerhalb der Funktion Ontick verwenden wir Array Set As Series, um unser Preis-Array von der aktuellen Kerze abwärts zu sortieren. Dann können wir copy rates verwenden, um unser Preis-Array mit Daten zu füllen. Wir tun dies für das aktuelle Symbol und den aktuell ausgewählten Zeitraum auf unserem Chart, beginnend bei Kerze 0, für 3 Kerzen und speichern das Ergebnis in unserem Preisinfo-Array. Lassen Sie uns nun den aktuellen Preis berechnen, indem wir den Schlusskurs der Kerze 0 in unserem Preisinfo-Array betrachten. Wir erstellen eine Text Variable für das Handelssignal und rufen die Funktion CheckEntryBollinger auf, um zu prüfen, ob ein Kauf- oder Verkaufssignal vorliegt. Dasselbe tun wir für eine weitere Text Variable namens Filter und rufen die Funktion CheckEntryMacD auf, um das Filtersignal zu erhalten. Wenn das Handelssignal und der Filter beide ein Kaufsignal liefern und wir keine offenen Positionen haben, möchten wir trade.buy verwenden, um 10 Mikrolot zu kaufen. Im anderen Fall, wenn sowohl das Handelssignal als auch der Filter ein Verkaufssignal liefern, verwenden wir trade.sell, um 10 Mikrolot zu verkaufen. Schließlich verwenden wir die Anweisung Comment, um das Handelssignal und den Filter auf unserem Chart auszugeben. Drücken Sie F7, um den Code zu kompilieren. Wenn das ohne Fehler funktioniert, können Sie mit der Taste F4 zum Metatrader zurückkehren. Okay, wenn alles gut gelaufen ist, sollten Sie jetzt einen funktionierenden Standalone Expert Advisor für das Bollinger Bands Signal und den MacD Filter haben. Sie können einen Strategietest wie diesen durchführen, indem Sie in Metatrader5 die Tasten Strg und R drücken. Wenn Sie Ihre Handelsergebnisse verbessern möchten,

In this video we are going to create an Expert Advisor that is able to automatically trade a Bollinger Bands entry signal and a filter for the MacD Oscillator in Metatrader5. Both indicators are very popular and can be combined to create buy and sell signals that can automatically traded with this standalone Expert Advisor. So let's see how to do that in MQL5. Please open the MetaEditor. We start by creating a new Expert Advisor by clicking on File, New, Expert Advisor from template. Let's continue, with the include function to include the file Trade.mqh which comes with MQL5. It provides simplified trading functions and we create an instance of the class CTrade so we can use them.   Afterwards we include two files for the entry and the filter signal. The first one is for the Bollinger Bands and it will give us a trading signal. The second one is for the MacD and it will give us a filter signal. Both files have been coded before as separate modules, so they can also be used for other Expert Advisors. If you want to save time and effort, you can go to MQL5Tutorial.com where you can find the premium course and a lot of precoded source code files in the store. In the next step we need to calculate the Ask price and the Bid price. That can be done by using the function SymbolInfoDouble for the current Symbol on the chart. We use Symbol_Ask to calculate the Ask price and Symbol_Bid to calculate the Bid price. With NormalizeDouble and UnderscoreDigits we can calculate the number of digits behind the dot. Depending on the currency pair, that might be 3 or 5 digits.   With MqlRates we create an Array for prices, called PriceInfo. Inside of the Ontick function we use ArraySetAsSeries to sort our price array from the current candle downwards. Then we can use CopyRates to fill our price array with data. We do that for the current symbol and the currently selected period on our chart, starting from candle 0, for 3 candles and store the result in our price info array. Now let's calculate the current price by looking at the close price of candle 0 in our price info array. We create a string variable for the Trading Signal and call the function CheckEntryBollinger to check for a buy or sell signal. And we do the same thing for a string variable called Filter and call the function CheckEntryMacD to get the filter signal. If the trading signal and the filter both return a buy signal and we have no open positions, we want to use trade.buy to buy 10 Micro Lot. In the other case, if the trading signal and the filter both return a sell signal, we use trade.sell to sell 10 Micro Lot. Finally, we use the Comment statement to output the trading signal and the filter on our chart. Press F7 to compile the code, if that works without any errors, you can return to Metatrader by pressing the F4 key.   Okay, if everything went well, you should now have a working standalone Expert Advisor for the Bollinger Bands signal and the MacD filter. You can run a strategy test like this one by pressing Control and R in Metatrader5. If you want to improve your trading results, you can find the premium course and more source codes on MQL5TUTORIAL.com and in our shop. Thank you for watching and I will see you in the next video. Not sure what to do? Click on the automated trading assistant below MQL5 TUTORIAL - 131 STANDALONE EMA MACD EXPERT ADVISOR MQL5 TUTORIAL BASICS - 132 STANDALONE BOLLINGER BANDS RSI… MQL5 TUTORIAL BASICS - 129 SIMPLE BOLLINGER BANDS EXPERT… MQL5 TUTORIAL - SIMPLE VOLUMES FILTER MQL5 TUTORIAL - SIMPLE MACD STANDALONE EXPERT ADVISOR The post MQL5 TUTORIAL – 134 STANDALONE BOLLINGER MACD EXPERT ADVISOR appeared first on MQL5 Tutorial.

In this video we are going to create an expert advisor that is able to use the Bollinger Bands to create a Buy or a Sell signal. And we are going to use the MACD as a filter. So let's find out how to do that with MQL4. To get started, please click on the little icon here or Press F4 on your keyboard. Now you should see the Metaeditor window and here we have the precoded solution. In my case, I'm doing an include function for the Bollinger Bands module and for the MACD module. Both are separate files and the include function can import the content of those files. And they will be compiled when you compile the main module, which is the one with the Ontick function. And here we create a string variable for the trading signal and another string variable for the filter. And to get the trading signal we are opening a function that is called CheckEntry Bollinger. And to create a filter signal we open a function that is called Check Entry MACD. And when we have a Buy signal and the filter for the MACD also says that we should buy and if the return value for Orders total equals zero, that would mean all conditions are good for a Buy signal. And that's when we use Order Send to open a Buy Trade for ten microlot. Otherwise, when the trading signal equals Sell and when the filter also equals Sell and we have no open positions, that's when we use Order Send to open a Sell Trade for ten microlot. Finally, we use the comment statement to output the trading signal and the filter signal on our chart. That's it for the main module. For the entry signal and the filter signal we use precoded entry modules that we have created before. If you don't know what all that code here means, you maybe want to watch one of the other videos in our basic video series, or maybe even the premium course might be interesting for you. You can find that one on our website and there are also more precoded source codes available in our store. So this is it. Once you have all three modules in place you can click on the compile button. Here we are. And if you don't have any errors you can click on the little button here or press the F4 button to go back to MetaTrader. And in MetaTrader you want to click on view, strategy tester, or press CTRL and R. Please mark the option for the visual mode here and start your test. Now our little expert advisor is running. So the expert advisor seems to work. Now let's go to full speed for a few seconds. You see that we have several positions that are opened. Now let's pause the whole thing and click on the graph tab. We have a few positions here. So it looks like our expert advisor works as expected. And in this little video you have learned how to create an expert advisor that is able to calculate buy and sell signals by using an external module for the Bollinger Bands. You also used a filter for the MACD signal and you have coded it all yourself with a few lines of MQL4 code. Not sure what to do? Click on the automated trading assistant below var aiBot = new AiBot({embedId: 'Qq4PT6s3KaCG', remoteBaseUrl: 'https://humanchat.net/', version: '1.4.18'}); MQL4 TUTORIAL - SIMPLE MODULAR EXPERT ADVISOR In this video we are going to creat...

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

Investing, day trading, and scalping are all strategies used by individuals to earn profits in financial markets. However, each strategy is distinct and requires different skills, knowledge, and time commitment. In this article, we will explain the differences between investing, day trading, and scalping.No matter which category you currently fall in, you can easily become the Trader you've always dreamed of using TradingView and the TIQ Indicator offered by MyTradingIQ.com.Investing:Investing is a long-term strategy where individuals purchase assets such as stocks, bonds, and real estate with the goal of generating returns over an extended period, typically five to ten years or more. Investors analyze a company's financial health, its management team, and its growth prospects before buying its stock. They make informed decisions based on fundamental analysis, which involves studying a company's financial statements, industry trends, and economic conditions.Investors usually do not engage in buying and selling stocks frequently. Instead, they hold onto their investments for years, sometimes even decades, and benefit from the power of compound interest. Investing requires patience, discipline, and a long-term vision.Day trading:Day trading involves buying and selling securities within the same trading day, often multiple times a day. Day traders aim to profit from the intraday price movements of stocks, options, futures, and currencies. They use technical analysis to identify short-term trading opportunities and make quick decisions based on price charts and market indicators.Day trading is a highly active and intense activity that requires traders to stay focused, disciplined, and emotionally stable. Day traders often use leverage, which magnifies both their gains and losses. Therefore, day trading is considered a high-risk, high-reward strategy that requires extensive knowledge and experience.Scalping:Scalping is a short-term trading strategy that involves buying and selling securities within seconds or minutes. Scalpers aim to profit from small price movements by taking advantage of market inefficiencies and imbalances. They use technical indicators such as moving averages, Bollinger Bands, and stochastic oscillators to identify short-term trends and enter and exit trades quickly. However, Traders are quickly learning that too many Indicators and Oscillators can lead to analysis paralysis. Scalping requires a high level of focus, speed, and precision. Scalpers often use sophisticated trading platforms and algorithms to execute trades rapidly and efficiently. Scalping is a challenging and high-risk strategy that requires traders to have a deep understanding of market dynamics and trading psychology.In conclusion, investing, day trading, and scalping are three distinct strategies used by individuals to make profits in financial markets. Investing is a long-term strategy that requires patience, discipline, and a long-term vision. Day trading is an active and intense strategy that requires traders to stay focused, disciplined, and emotionally stable. Scalping is a short-term strategy that requires speed, precision, and a deep understanding of market dynamics. Each strategy has its pros and cons, and individuals must choose the one that suits their goals, risk tolerance, and lifestyle.Not sure what style is right for you?We Have The Solution!Combining the TradingView Platform and the TIQ Context. Test drive this amazing Indicator which works for the Investor, the Day Trader, and even the Scalper for 5 Trading Days by taking the Free Trial at MyTradingIQ.com. You must read our CFTC Risk Disclosure and CFRN Disclaimer before taking the Free Trial.

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ĐỂ MỘT NĂM QUÝ MÃO ĐẠI LỘC ĐẠI PHÁT Hộp sách Đại Lộc Phát là bộ sản phẩm tri thức được đội ngũ Happy Live chúng tôi lên ý tưởng và thiết kế với thông điệp gửi gắm đầy hy vọng cho năm Quý Mão 2023: “Trăm điều may mắn – vạn sự thành công – bách sự giàu có”.

Mark: Well, look, it's really it's a, it's a long journey. I've read your book, I've read many books, I've been in this game for a long time. It's very difficult to sum it up in literally minutes, I suppose. But after reading a book just recently, and listening to all your podcasts a lot lately, I've delved into a lot of it and taken many, many things out of each person's story, which I can resonate wholeheartedly with. But I probably got into Options back in 2006. And I've probably come and gone with it a lot. I've started and stopped, due to various reasons, obviously, life, I've got kids and family and work commitments and stuff like that. But it's always been, I suppose, a hobby. But trying to make that jump or trying to get into it. Full time is obviously difficult for lack of funds or lack of time and effort. I don't know, there's always seems to be something that comes up that stops me from progressing. Having said that, I'm a pretty committed person. I'm pretty disciplined. I've been doing it now for a long time. But like, if you look through him on the table here, I've got trading stuff sitting everywhere, notes. Mark: I've crunched the wheel so many times I've done the shiny diamond thing. I've gone from one program to another. I've spent numerous amounts of funds on various programs and different services such as yourself. I don't know this Option Genius has been around in my life, I suppose, on and off. So I don't know like I've all I'm a big advocate for what you say and what you do. I've wholeheartedly believe that I've been selling options for a long time I've done credit spreads, I've done strangles I've done butterflies, I've done covered calls, I've done a lot of those strategies, or centered around selling options. And I've been doing it for a long time. But for some reason, I just can't seem to break through the ceiling, I just cannot seem to be there to go from this hobby, like training interest that I seem to be involved with, to getting to that next level. I suppose I when I found out that we're going to do this call. Set last night I sat down I tried to write out things that would be good to discuss or to ask you. And I've got like all this paper sitting you have all these notes that I've made, as you would have seen in my email, it was quite lengthy. I think one of the assistants said all that email is probably the longest one I've ever received, that I really okay then.  Allen: Like, you know, because we get, we get lots of emails every day and some people, right? Some people write two paragraphs, but when somebody goes in deep, and they really share their, you know, their soul pretty much. It's like, Hey, I've been doing this and this and this, and this, and I don't know what's going on, then, like we you can feel it when somebody is really, really wanting to make it work. And so those most of those get passed on to me. And when I read it, I was like, alright, you know, we need to we need to talk about this. Because if you've been doing this for years, then like, I have not doing my job. I've let you down in some way that because you know, you shouldn't still be feeling that way. I know. But it's not uncommon. You know, we come across many, many people that come to us and say, hey, you know, I've been doing this for a long time. But you know, it never clicked for me. But you will.. Mark: Yeah, I can see that. So many people that you talk to, you know, have the same they're trying and trying to trying to find the right system, the right setup the right, whatever it is just can't seem like I feel to break through that ceiling. Like you're stuck underneath the water. You're swimming hard. You're learning this, you're watching that you're reading this you're researching. You're looking at the charts to pair with analysis, paralysis, all that stuff. And I've made lots of trades. I've done lots of trading. I've been I've been I won't say successful because clearly we wouldn't be on this call otherwise, but I've made money, but I've also lost money. I've got scars, I've got all that stuff I've had I've had losses, but still here I am battling looking at all that stuff that you talked about in the book in that book really resonated with me there's a lot of stuff in there that I thought I can do this. I know I can do it. Why am I doing it? Why it's just what why does it elude me so much? Is it just a pipe dream and more and more just a duck on the water swimming and just never gonna get there? I don't know. Allen: So you know, when we when we got the email, when they forwarded to me, they asked me like, hey, what do you think the problem is here? Does he not know enough? And my answer to them was No, I think he knows too much. He knows too much. That's part of the problem. I'm just guessing here and I wanted to try to get to the root of it. But you know a lot of the times when so there's there's different things that you need. Everybody needs different things to in order to succeed in anything. Obviously, you know, you need to know what to do you need to how to do it. You know, you have to practice you have to put in the time. You need somebody Do that can actually has doing it like coach that's teaching you, you need a team or a teammate or somebody to do it with. These are all different things that that can help. But a lot of times we come across people that have been, you know, bouncing around from program to program, like you said, they know all the different strategies, they know everything, they know how it works. Some people come and they know it better than I do. You know, so they're, they're telling me that, oh, the Vega this is this and the Gamma and the theta and the row and all this other, you know, they're touching on the Greeks, and they're managing by the Greeks, and they're doing all these complicated stuff. But they're like, it's still not working, why is it not working? So I think, if it can work for somebody else, it can work for you. And I firmly believe that in just about anything, except maybe sports, you know, should somebody else could dunk the ball, maybe I can't dunk the ball. But in trading, a lot of it is I think, 80 to 90% of it is menta. Mark: I've totally, totally, totally. Allen: So there might be something that is holding you back, or, you know, maybe like I don't know, so let's get into it. So now you've mentioned a couple of times that you haven't gotten to the next level. So tell me what is the next level? What is the goal that you're trying to get to? Mark: Well, I think the goal is the same for everybody's, you know, everyone's trying to make income, like, right, I have a I mean, I'm in I'm a cop. So I work in a profession that I see myself coming to a fork in the road. I've been doing this job now for over 14 years, for 10 years. And before that I was in a private industry, we had a family business. So I understand all the dynamics of running a business, how it operates. We had a family business for over 30 years. And long story short, we got out of that for various reasons. And then I got into the government sector, which is a totally different psyche altogether, which took me some time to try and come to terms with. Having said that, I've forever in my wife, and I've come from a family that has been heavily invested in property, shares, businesses, and stuff like that. So I've always had this belief that I can do something with my life that will be able to produce constant income money have investments, like I've had investment properties, and I've done the share thing now on the option things for a long time. And I'm not destitute, I'm not desperate, I have a house, I have three beautiful children and family sort of stuff. But I want to go to the next level I want to be able to provide, I want to be able to teach my kids trading, I want to be able to show them how to invest all the money stuff, like all that sort of thing. I feel as if I'm promoting this stuff, yet, I haven't really truly succeeded myself. I haven't got to the level where they can say okay, Mark, look at you've got all this great stuff, and that show me how to do it. And when they do ask me, I'm sort of thinking so I will not really, I can talk about it. I've read about it, and I'm doing it, but I really haven't got what you think I have. Having said that. Getting back to the trading side of it. I think I want to have this as a business, I can see the potential in it as you can do from home. It's all in front of you in the net. I don't have to go out I don't have to be injured tree. I understand that. I do know a lot about it. I understand all those things you just mentioned with the Greeks and what not right? And I probably do, I probably do know too much. And I do want to keep it simple. I do say to myself, when I'm doing it, just keep it simple. Why do you need to have this indicator? Why do we need to be having that? I totally agree with what you've promoted and talked about for so long. And I think I was probably watching on Option Genius probably before you even started doing podcasts. But over the years, I've come and gone. I've been involved with and I've been with other things. And I've on and off as we mentioned before, right? All right. Does that help answer the question? Allen: No. So what what what do you mean by the next level? Is it an income? Is it is it a certain amount of money in the account is a certain amount of money every month? Where it is it that you say okay, now I've arrived now I have achieved my goal? What what is that number so that you would be able to be like, Yes, I feel happy though. Mark: Okay, so I've sort of thought about that. And I've put a number down to 10k. Now that's a pie in the sky dream. That's a pie in the sky dream. I know. And that's a long way off being achieved. I would just like to be able to see some consistency, all that stuff that you promote consistent, being profitable, and I can do that. But then as you know, you get one or two trades that wipe you out, wipe it back to zero and then it got to start again. Right? So just not we're just not getting that constant. Right? What do they call it.. Allen: Okay, so 10k is the goal. Now, it's not a it's not a it's not a pipe dream. It's so 10k is the goal. If you got 10k every month, you'd be happy. You'd be like okay, I've made it you know I'm accomplishing And that this stuff is actually working. Finally, this stuff is actually working if you were making 10k a month. So tell me, what is it that you think is keeping you from doing that? Mark: Well, clearly a lack of funds at this stage. But I have had numerous accounts where they've had a substantial amount of money in there, but I've just brought it right back down to just doing one lots, until I can see the consistency and seeing that, the, that my trading works, it's consistent, well, then we can scale up. So I'd rather than that, so I'm happy to do just one month a month, which means I'm not gonna make 10 grand in the near future, right, those types of trades, but we can scale that up at a later date. Allen: But what do you so if you were to say, hey, Alan, give me this one thing, and I know I can make tons of money. What is that one thing? Mark: Well, I suppose it's like a business plan, isn't it, like a franchise to follow a step by step thing, do this, do this, do this, do that put it on, obviously, there's a little bit of, there's gonna have to be a little bit of a thought process and feel for the market. But I suppose I need a plan. Like I know how to put the trade on, I know how to do a credit spin on it, for example, but I suppose I need a set of rules or business plan or like something to follow. So that way, I can just follow the recipe for a particular day, not particular strategy, but it's very hard to identify it or pinpoint it down to one thing. Like I've written all these notes in the book and pages and pages of all these things that you're discussing the iPad and whatnot, and try to answer those questions myself. Like, what am I looking for? What's stopping me I've written here a recipe, a plan, a template to follow rules to follow or to abide by tools, treat it like a franchise, for instance. So that way, I'm not deviating to another thing. So I have it on my wall and write down Am I following those particular plans? Does that is that sort of answer the question?  Allen: So do you not have any trading plans right now? I mean, you said you were in different programs and everything so did you do you have any that you've been using as a guideline as a framework? Mark: The cover I've written things down in the past but I suppose sticking to it, or having it visible is difficult. I suppose someone to write one with me or for me to say right this is a trading plan. This is what you need to have in it to follow I suppose I haven't really been given a choice like if it says write a trading plan, write down this stuff, write it down, but I suppose I just want to try it like this is what's going on my head just put the trades on just put the trades on work with the probabilities. Yeah, it should work out. Allen: Okay, and are you conservative or aggressive? Mark: I believe I'm conservative in the sense where at the moment like with the one loss, so like, if I was aggressive, I'd be going right I'm pretty positive this trades gonna work of two or five, or 10 lot but at the moment, it's like let's just hold back and do one more being conservative. I think I can be aggressive if I need to be but on how Allen: And how much percentage return are you looking to make? Mark: I knew you're gonna ask me that question. And I don't actually have a percentage. I've just I suppose a bad way of saying it but I just keep putting the trades on and hope that the probabilities work out so I don't have a particular percentage amount that I've got Okay. When you ask that question Allen: obviously so obviously you know, just putting the trades on hoping they work out that's not working. So we're gonna have we're have to refine this What strategy do you think most appeals to you? Mark: Well, obviously I've been working on the credit spread that's probably the one thing that I've done the most of the credit spreads like I've done in many others, but that's the one that I've probably done the most so in the last few years. Allen: Okay, and are you keeping track record of all the trades that you've been doing? Mark: No, I don't. I have written them down in the past. I do try to follow that put it in a journal, but over time, it just becomes cumbersome I suppose like it's writing it all down. I don't I don't stick to it. It's probably the kind of problem there. Allen: So what you said is you want to franchise, and in the franchise are going to tell you the first thing is to document everything you're doing. Because we cannot tell what's going wrong if we don't know what you already did. So having a firm plan that says okay, I'm gonna put this trade on and writing down why, why am I putting this trade on? Because it's moving higher because it's got news coming out because it's high. It's, you know, very volatile right now or the IV is off or whatever their reasoning is, you put the rig, you put it there, you write the trade, you record what happened, why or why did not work out. And then after you do a whole bunch of these, you can go back and look at it and say, okay, every time I do a trade that's at, you know, 35 Delta, it works wonderfully. But every time I do any other Delta, it doesn't work. So I'm just going to do that 35 delta. So if you want to find your own trading plan, then this is how you do it. Now, this is a long way to do it, it's going to take a long time, because you're going to have to test different things and try different things and see what's working, what's not working. But it would be one way for you to create your own plan based on what you find you're more comfortable in, because some people they come in and they tell me, hey, you know what I want to do Credit spreads, and I want to do 2025 Delta spreads, some people don't want to do five Delta spreads, you know, so everybody's comfortable with different things. And then based on the amount of credit they get, then we can figure out okay, how do we how do we manage the trade, some people should be not managing the trade at all, they should just be getting in and getting out at a certain amount. Some people, they can go ahead and say, hey, my trade is going bad, I'm going to, you know, adjust it or do something else with it. So depending on what we're thinking, when we get in will dictate what we do when we're in the trade. Mark: So now that I know what I do for trades, there are particular entry signals that I looked for, like I don't just go and find a stock and then look up a chain and then play delta and put it on. I do have, like, for example, I think there's market volume, I use volume. So obviously, when volume is increasing, I'll have them put on a put trade, obviously, when the stocks turning or progressing. And obviously over the three averages, like you say, things like that. So there are particular indicators, and not too many I do try and keep it fairly simple, I believe, before I put anything on, so I do try and put the weight in my favor. And the advocate of that, of course, by using those some small indicators to try and get it on sideways or progressing in the in the direction that we think it's going. So I do look at that I'm not a big person, I'm gonna use a 35, Delta, or 45, or whatever. Right? Okay, I understand the Delta side of things. But it's more about volume, I suppose at this stage and what. Allen: Okay, so that that's good to know. Right? So I mean, what I would do is, I probably have a sheet, kind of like a checklist, you know, so get it out of your head, and onto an actual piece of paper, where every single trade you have to mark it off, you know, the volume is high, yes, you know, movement is this way or whatever, whatever your your things are, you check it off. One, two, three.. Mark: I actually have done that I can attest that I have done that I've written down, like when the bar gets lower than the level of bar, it's time to get in or when a turn when it points up. It's getting. So I have written most things down in the past. Yes. Allen: So that'll be your trade law right there. That's if you do if you have the discipline to do that, before you put in the trade, you'll you'll know at the end, okay. You know, just go back to that journal and be like, Okay, what worked and what didn't work? What are the patterns. And that's kind of the stuff that I was doing originally, when I was first starting to figure this stuff out, is look at every single one. And now I have my my checklist, where if there are two or three things that I cannot mark off, I don't put the trade on, because I know that hey, there's not enough, you know, these things are really important. I want them, I don't want to put a trade on without everything checked off. Allen: Now, that doesn't mean that I'm not going to lose, like you still lose on the trade with everything checked off. But like you said, you know, we're putting the odds in our favor. As many times if you have a checklist, like you said you did. That's your journal right there. And so before you put on the trade, you just mark it off, you know, check, check, check, check, oh, I can't check this one. Then later on, after the trades are done, you do 2030 trades, at least, then you can go back and look at and say okay, I lost on these three trades. What is the pattern I lost on these five trades? What is the pattern? And you might find a pattern, you don't have to but you might find something that say okay, these indicators, you know, they're not working or they are working. The other thing is, I mean, it's, it's really simple, right? You find the strategy that you want. And you said, Hey, I found the strategy. Second step is to find the trading plan, that you think you think will work and then is just test it and trade it and do it over and over over again. But the important part is that you have to stick to the plan. Do you think you stick to the plan, or is it? Is it a discipline? Mark: Tell me, tell me, what got you out? I've read your book or listen to your story. What part got you through that ceiling? Obviously, we're doing the same thing as we all do for such a long period of time. But there must have been something that clicked or something that you did or something did you get into? Was it a program for you? Was it someone that you got? Hold on What, what got you to that next level that we all tried to get to? Allen: It took time, it took discipline, there were a few things that really helped me. One was really sticking to the rules that I had set up. And really, it's about, you know, when it comes down to it, it's about putting the trades on with the odds in your favor as many ways as you can. And I learned about that later on, you know, having different different levels. But what I started to do, and the ones that I really started doing well on, and in the beginning, were iron condors. For some reason, that strategy really, really clicked with me. And I was like, Oh, my God, I gotta work. No, no, it doesn't work right now. But he's like, you know, that strategy really worked. And it was like, Oh, I can adjust it. So I might never lose money in the trades. It's just really awesome. But I still was having trouble following the rules. Because, you know, you have to work that. So there were there were a few ways. Number one is my wife got involved. Allen: So every day, she would, like I would have a list of all of my trades, and I would have all the rules, like when I needed to do what, so every day at a certain time, she would come upstairs because I was working from home and she wasn't she wasn't working. So she would come upstairs. And she would ask me, Okay, let's go through every single trade one by one by one. And so she'd be she'd have her notes. And she's, okay, this trade on Russell. Where is it now? And they go, Okay, this, it's up this much money, or it's down this much money? Okay. When are you going to adjust? Well, when this happens? And they said, where is it now? Say, Oh, it's right here. So do you have to adjust it? No, not yet. Okay, cool. Next one. All right. I did this. Okay. Why did you do this trade? And when are you going to adjust it? Should you have adjusted it? Yeah, I should have adjusted already. Why didn't you adjust it? Ah, I don't know. She's like, Oh, what the hell are you doing?  Mark: All that is basically you got your wife involved? Allen: I mean, not just involved, but she was holding me accountable. So I had to answer because she doesn't need to know anything about trading. But she just needs to look at my rules and ask me the questions like, hey, what's the trade doing? Is it up or down? Why have you not? What are you going to do about it? And if there is something to do about it, what are you going to do? So it's just asking yourself those questions every single day. And it helped. I used to do that on my own. But I would always ignore the answers. Because I didn't have anybody to answer to. It's like, oh, I'm a trader, I'm the boss, I make my I'll make the decisions. But when she came in, I knew I had to answer to her. And if I don't have a good reason, then I'm putting her money on the line as well. Right? I'm putting her future on the line as well. So we would have a discussion about that. So I knew in advance, I knew, Okay, she's coming at one o'clock, I need to make sure I got everything right. I'm doing everything right. Otherwise, we're gonna have an argument. And so I needed her. Like, in the beginning, I wasn't, I was I lost a lot of money. And so the only reason that I didn't have to go out and get a job was because she was patient with me. But it was part of it was like, she's going to be the boss, right? Until I turn it around. And until I break the ceiling, she's the boss. She's going to tell me what I can do what I cannot do based on how I'm doing. And so I call that my one o'clock, you know, fire drill. It's like every day at one o'clock, I still do it. I go through every single trade and I look at it and say okay, is this trade up or down? It's up. Okay, good. Allen: What happens if it goes down a little bit? Am I still going to be okay? Yes. Okay, move on to the next one. And so I don't have time to do that on 100 trades. So that's why I limit the number of trades I have. But every day I go in and I look at it and I monitor it I know where each trade stands. So that before it starts to get into trouble, I know and I can look at it and be like okay, this one I need to monitor this one I need to adjust early or this one I need to maybe just exit it because it's not acting right. It's not acting properly. So It kind of gives me you know, so having that while you go in every day and look at each trade, and everybody does that. But in order to you ask yourself the right questions, and then you have to do what you need to do. So just monitoring the trades, and just checking on them is not enough. You have to know, okay, this is my plan, and I have to do this, then you have to stick to it. And then if you have an accountability partner, or if you have a wife or a child, or whatever, if somebody comes in and asks you, hey, you were supposed to do this, well, why didn't you do it? And then you have to answer to them. So when you have somebody else there, that automatically, I mean, that instantly made me better, like instantly, the first day, second day she came in, you know, I just I just started following the rules, because I knew I had to, I had to give her an answer. So that was one of the things that did it. Allen: The other thing was that I realized that this is a long term game. And so you've read the passive Trading Book. So I wrote that book, because I saw that if you're only selling options, eventually, you don't like the options can go against you. So what I mean by that is, in the financial crisis, when we had the financial crisis in 2008, there was everything was just going up and down. And so if I had options on if I trades on those trades lost, and then I could never get that money back. That's when I realized that, okay, you know, if I want to play the long game, if I want to be in this forever, I cannot let something else knock me out. I cannot let a COVID 19 pandemic knock me out, I can't let the financial crisis I can't let you know, the President making some decision and sending the stocks down, knocked me out. And so I started building up the foundation of stocks, and using those to generate capital on those. And the idea is, hey, I want to own the stocks as my foundation. But I want to use options as basically like a rocket ship, you know, so I wanted to boost the returns. So I'm gonna have conservative stuff in the in the main portfolio, you know, where I have the stocks, and I'm making money. Mark: I totally agree with all right. Yeah. Allen: So, you know, that was now Mark: I totally agree with all that, definitely. Allen: So you can't start off that way. Because it takes a lot of money to own that stocks. So in the beginning, you do have to get good at picking one strategy, getting good at it, just following it and being disciplined, and saying, Hey, I'm going to do this, and I'm going to follow it along. Now, again, long term, picture wise, every month, you're not going to make money, every trade is not going to make money. So you have to have that in your in your mindset that, hey, sometimes it's gonna work, and sometimes it's not. So there's lots of lots of little little things that you can improve on it. But the biggest thing that I'm seeing is that you have to follow the plan. Mark: So Allen, do you think that I would benefit? Like I know you're selling plenty of courses, promote what you promote in the book. And I totally agree with all that, I get it on one side. But if I was to do another course, such as yours, I my fear is, and we're just going down that same rabbit holes, as I've done before, hence why I'm confused as to why I can't seem to break that ceiling. If I was to go into a course such as yours, this one that you're the passive trading and whatnot, I worry that I really fear that a year I am going into it again, I'm doing another course. But I understand the strategy. I think now I need more of a coach, maybe I need maybe that one on one, maybe maybe that's what I need. Or maybe there are things that I'm not happy to admit to that I do that I need to be changed. I need to be molded stead of going down this direction on to be heading over in this little bit direction over here with my trading. I understand the why thing. That's a great thing in my voice. She's a great supporter of me. I am trying to I'm trying to get out of work. She works. I'm trying to get her out, keep trying and trying and time is your course gonna sit me on that path to freedom. Allen: So it's like, you know, I mean, I'll give you an example. Like when people go to college, right? They everybody's told go to college, go to college, some people they go to college, and they just they just party the whole time and they don't get anything out of it. Some people go and they study, study, study, study, study, and they get a good job. Some people go and they make lots of contacts, you know, they they meet, they make lots of friends. They meet lots of teachers so that when they get out, they know a lot of people and they have a good network and then that helps them so it's really up to each person individually. Now I would love to say that yes, every single person that takes my course makes them million dollars. But that's not the reality. You know, people come in, life happens, they take it seriously, they don't take it seriously. And, you know, that's, that's one part I cannot control. So I cannot tell you that, yeah, you know what, it's going to work for you just because it's, I'm amazing. And I'm a wonderful person, and it's just gonna work. 90% of it is on you, I can give you everything I know, I can do it with you. But again, the markets have to cooperate. Number one, and then number two, it has to click for you, you have to do it, and you have to practice it. And you have to stick to the plan. A lot of times when people come into my programs, and they tell me Oh, hey, you know, I'm doing XYZ, I'm like, but that's not what I have in the plan. Allen: That's not what I have in the program. They're like, yeah, no, but I'm changing. I'm like, okay, but have you done it my way? No, not yet. But then why did you join my program, you could do your own way. Without my program, you don't need to pay for my program, right? If you're going to pay for something. And if you believe that, hey, yeah, this guy knows what he's talking about this thing works, I think it works. If you're going to pay for it, then just follow that step by step by step and don't change it. Unless it works.  Allen: When it starts working, then only then would you say, Okay, now I'm going to, you know, change it up, because I think I can, I can be a little bit more aggressive, or, hey, I want to be a little bit more conservative, or I want to change it up a little bit. But you don't do that until it's always working. So the problem is that people that have been doing this for a long time, they know all the strategies, they've listened to many other coaches, you know, they come in, and they're like, Well, you know, I don't like that one thing, I'm going to change, I don't like that thing, I'm going to change. And so they start doing it their own way and they don't listen. And so you can't take stuff from this course and this course and this course and mash it into a Frankenstein, and then tell me "Oh, it didn't work?" Well, because I don't know why that guy told you to do that. And I don't know why that other guy told you to do that. Or the only thing I know is if you do it this way, you'll get the similar results that what I'm doing. Now, if you add and change it, then I can't help. So, you know, like you're saying that we have, I think there's like four pillars that I tell people that people need. So if you want to learn how to do something, you need these four pillars. Number one is you need the right strategy, which you've already said is, hey, that's the credit spread, right? Number two, you need the trading plan that works. So number three, is you need other people to do it with because you're doing it all alone, like you said, you know, you might need a wife, if you don't have a wife or partner like that, then you can have a community or other students that are doing it the same way. Allen: And then number four, you need a coach that can actually show you what he's doing, because he's still doing it. And he's actually doing it right now, instead of somebody that said, oh, yeah, I was a market maker 30 years ago, and I don't trade anymore. So I think those are the four things and depends on which everybody needs. So the coaching part is the one that takes the most time. And that's why those coaching programs are the most expensive. Allen: In my passive trading course. You know, we give you the trading plan. It's like okay, here, this is the plan, these are the rules, you follow it and, you know, good luck. But there's no one on one coaching. There's no group, you know, where we are, where we're doing and looking at the trades. And so when we have that passive trading course, it's a cheaper course. And so people would join it, and they would go through the modules. And some people would have a lot of success, some people wouldn't. So I said, What, what's the problem? Why are they not? Why is it not working? And I realized that it would help if they could just spend a lot more time with me. And so we created that credit spread mastery course, where every week, we get on the call, and we're just looking for trades, we're managing trades, we're adjusting trades, doing it together. So the point of that is, here's the rules. Here's the trading plan. Now let's do it together, over and over and over and over and over and over. And so once you have that habit of doing it the same way over and over and over the other, the other ideas, the other habits kind of die off. So I've seen that that program does deliver results. So we back it up and we say hey, look, if you're in our program, and the program doesn't work, like you don't if you're not profitable in our program, then we keep you in the program. We keep working with you. We keep you in the class until you become profitable. And so even if the markets not cooperating That's fine, we'll learn how to manage it together. And then we'll stay longer in the program, if you'd have to be.. Mark:  So with your target trading alum, obviously, it does take a type of market. And obviously, that's why through the last six months with Covid whatnot, it would be easy Earth to do that type of training, because obviously, it just went straight up didn't keep they're still on put, credit spreads the load of was money for Jim, in a market such as what we're in now, which is up and down, up and down. It's far more difficult, isn't it? Allen: Currently it is more difficult, doesn't mean it's impossible. So we do have to dial back our, we have to dial back our expectations. So last year, the year before, you know, making 10% a month, 7-8% a month, not a big deal, it was pretty simple. You know, put the trades on most of them work out in anybody, and everybody was making money. Like any you know, you could buy anything, and it was going up any everyone is making money. This is a market where you have to be really good at selection, trade selection, and management. So you have to know when things are turning around, and when to get out before they get really bad. Allen: So the trade management, sticking to your stop loss is very important right now. And those are things that most people get afraid of, you know, so it's like, okay, I put the trade on, it should work. And then oh, no, the stocks turning around, what do I do what I do, and they don't do anything. So if your thing is part of, if you're doing as part of a group or in a program, then be like, hey, we need to get out, we need to get out, get out, get out. Some people let people know, Mark: There's that mental component, that's the biggest part. And as I've gone along this journey, if all these years, I've realized more so in the latest year, it's not about the strategy. It's not about all that stuff. That mental side of it, it's 80-20, Mark Douglas, the book, the trading zone, I listened to that over and over and over again, and various other podcasts and whatever other things, but trying to pull the trigger when you're in a loss is it wasn't so hard, we put this trade on, it was gonna work a met the probabilities, it was all looking good, it was under the over the top of the averages. I had volume, blah, blah. But all of a sudden, now I'm underwater again. And here we go again, and then I've got to pull a trigger to get out to take that loss. Mark: And I have taken some big losses in the past, I've had to pull the trigger, just recently with the weekly trading system. And when that I mean, there's Solomon says, I've been there for a couple of weeks, again, I've been on and off over the over many years. And all of a sudden, now I'm having to pull the trigger again to get out because we lose money. Like it's hard. It's another scar, isn't it another scar, not a scar, it's another get back down there. You know, I don't want to see you do any good. It's difficult, you know, and that's that mental side of it is arguments or trading? Allen: Yep. The emotions, you know, the emotions have to be kept in check. So there's different ways that you could do that, you know, one, one of the ways is people say that you divorce or divorce yourself from the outcome. So whether you win or lose, doesn't matter make a Mark: ..difference? Exactly what I totally agree with that. And that skill is very difficult. Allen: Yeah, your job is to just follow the plan and stick to the plan. And if you can do that, eventually, over the long run, it'll work out, you know, maybe you have losing trades, that's fine. But over the long run, it should work out. So too much of it, like you said, you know, like, oh my god, I'm, I'm going to be negative again, oh, my God, I'm gonna have to pull the trigger. And oh, my God, you know, when you have that kind of reaction, that compounds and it just makes it all, it makes it much harder to get out of the trade when there is a loss. The other there's one lady, she told me something that really worked for her. She goes, You know what, this is not my money. This is God's money. And what what are you talking about as God's money? She goes, Well, I use this money. And I use the gains from the money to do good. Because they use it for charity work. So she's like, I don't need the money to live. Because I have enough income I have enough. You know, I have I have money coming in that I live off of. But this is my trading money. And so I take the money that I make, and I give it away to charity, and I do good things with it. So it's really God's money, and I cannot lose God's money. There's no way I can lose money. And so if I'm if I'm going negative, that the trade is losing, I get out right away because I don't want God mad at me because it's not my money. So that's another way you could look at it. That you know, again, it's it's taking yourself out of the outcome, you know, and it's not like okay, it's not under my control. So you've got the wife coming in and asking you what you're doing and why it's working or why it's not working and being accountable. You have you know, not looking at the outcome just getting better as a trader, just hey, I need to do my skills, whether it wins or not, that's not up to me. That's up to the market, I can't control that. But I can follow my plan. That's up to me. The other thing is, you know, not looking at it in emotional point of view, like, Hey, this is not my, maybe this is my kid's mind. Maybe this is, you know, God's money, however you want to look at it, but it's not yours. So if you lose it, it's bad. Like, that's the worst thing to happen. You know. So there's, there's three different ways that you can mentally overcome the different obstacles. But again, I think one thing that we haven't talked about yet is to simplify, right? So you've done all the different strategies, and I'm sure, you know, some of it is creeping in. And, you know, it's like, oh, you know, I got to do this, or I'm going to, I'm going to wait for this indicator, or I'm going to wait for these Bollinger Bands, or the Fibonacci, or the technicals, or any of that stuff, the more you simplify it, the easier it becomes to actually follow through with it. And so I think, you know, just one strategy, not chasing after the shiny object, you know, it's like, Hey, make a decision. If it's spread, spreads, and that's the only thing you focus on, and you get rid of everything else, you stopped listening to everything else, you unsubscribe from all the emails, you know, whatever, whatever service that you choose, like, Hey, I'm going to, I'm going to follow this plan, I'm going to, you know, if you've taken a course, maybe you've already taken a course, you have a course that you've tak`en and be like, Okay, I like this course, I'm going to follow this course, we'll get rid of everything else. Just go through it. Master that and don't do anything else until you know what that is, until you get the results that you're supposed to get it. In the beginning, when I started screwing up, like I would learn something, and then I would do good for a little bit and then I would mess up. And then I would do good, then I would mess up. So I was like, What the hell do I do? Well, I would always go back to the basics. I would imagine that I don't know anything. And I would go back to step one. Okay. What is a call? What is the put? What am I doing here? What is the strategy? How am I supposed to put it on? What are the rules and I gotta follow them step by step by step, not like, oh, you know, I'm gonna, I think this stock is gonna go down or or, you know, there's a Fibonacci retracement level, and there's some support here. So I don't have to adjust. No, forget all that stuff. I don't know any of that stuff. All I know, is the strategy and my trading plan. And that's it. And so that was, you know, you go back to the basics. And that will change your mentality of it, like, Okay, how do I manage the trade? How do I deal with this? Allen: Again, if there's other things involved, like stress, you know, if you're under a lot of stress, you're going to make the wrong decisions. If it has to work. If I have to make money this month, from my trades, you're going to make the wrong decisions. It's not going to work out in the long term. So there was a there was something another trick that one of our one of our students taught me. And now everybody can't do this. Most people can't do this. But what he does, is that he takes whatever money he makes trading this year. He will live off that next year. So when he's trading next year, he doesn't have to live off that money. Because he already has the money set aside from the last year. If that makes sense. Mark: You need a big bankroll sounds like a real estate agent. Allen: Yeah, you need Yeah, he was. Yeah, he was. He was a politician. But, um, he has obviously, other people's money then. So I mean, he did have, you know, he had, he had a large account to do that. But eventually, that would be the best thing to do. You know, you have you already know your expenses are covered. Right? Now, you're only focusing on the plan and focusing on on just winning and just trading properly. It's not it takes the emotion out of so whatever you can do, whatever trick you can use to get that emotion out of it, that will make you a better trader. One, one more thing that that that that I've seen is happening to me is, the more you do it, the more of a habit it becomes. So if you do, you know, 50 trades, that's a lot better than five trades, but 500 trades is a lot better than 50 trips, if you do them properly with the right practice. So eventually, you get to the point where Oh, it's just another trade. It's not a big deal. It's just another trade. There's another one coming. So if I get if I hit my stop loss, yeah, it hurts. I hate it. But it's Just another trait, you know, I'm going to move on, move on to the next one, move on to the next one, because every month is a different ballgame. So you start over, you get to start over again and again and again. And so that is another trick that you would help in the long run. But again, you know, you have to, in before all of that happens, you have to have the confidence that this actually works. Mark: So what do I truly do believe in? Allen: Yes, you say that you say that. But then you also say that, you know, I can't do it. It's not working. It's not working. But you, you you've heard it that it works, you want to believe that it works. But I don't think you have that conviction yet that it works. And so the only way to get that conviction is to get it done for yourself. Right? And so it might be that you take a maybe you take a step back, and you go even simpler. And you say you don't want not the credit spreads, how about I do something like maybe a naked put, right, in a naked put, I'm going to make money if the stock doesn't go down. And it'll expire. And then I'll sell another one. And I'll sell another one. And I'm going to sell it far out of the money. So that I just when I just make that 20 bucks, or that $30 or whatever it is that small amount I'm just going to make month after month after month trade after trade I'm going to make and if the stock drops, okay, no fine, I can buy the stock, no big deal, I'll buy the stock. And then I'll sell covered calls on that stock. And so the covered call will expire, and I'll make something the covered call was expired, the next month will expire, and I'll make something so you build up that confidence that you know what, there is a way to do this. That's another option, you know, if you want to go that route, so you really got to figure out like, okay, you know, it's a, it's a personal thing, I wish I could just tell you that, hey, this is the one thing you need to do. But for everybody, it's different. And unless I spent a lot more time with you, unless I see all of your trades, unless I see you know, your emotion, how you handle the emotions, I won't be able to tell you. So that's kind of like in our in our program, what we do is we tell we give everybody a spreadsheet, and we say, hey, look, you have to fill out the spreadsheet, you have to put every single trade on the spreadsheet. And then they shared with me so that I can go in and I can look at them. You know, I could look at the tray. And I'll go in I'll see like, why did he do this trade? This doesn't make any sense to me. And I'm calling this Hey, John, why did you do this tray? Allen: And he goes, well, no, that's not gonna work. And he goes, okay, okay, fine, I'll do it. All right, done. You know, and if they're doing all the trades, right, then it's probably working. And most of the time, it's not working, like if they're not making money, then we can identify, Okay, what are what is not going right? You know, there was one of our current students, he was doing several trades, and he was still negative. So I looked at his spreadsheet, and I'm like, Okay, what's going on? What do I see, and his trade entries were great. You know, he was picking the right stocks, he was doing it properly. But whenever he lost, he would lose a lot more than he should have. He just wasn't getting out early on time. And so that was the biggest thing is like, you're not getting out. This is it, you know, your losses are too big. Doesn't matter how many trades, you win, your losses are still too big, you're still going to be negative. And so we worked on that. And then over time, he got better at getting out earlier and earlier and earlier. But he had, you know, he had somebody to look at that and to point it out, and to hold him to it. So that eventually he did it over and over and over again. And then by the end of the class, he was positive. He was like, Yeah, I fixed it. Again, that's all you need to do. That was he needed that one thing, everything else is simple. The training plan I could give you, you know, you could go do it on your own. But the discipline part of it, that's sometimes where we need help from somebody else. And so whether you know, it might be a wife might be somebody else, it might be a trading partner, somebody you work with, it might be a coach. So I think that might be one thing that you could implement. Mark: So just quickly, what what's the key points in a trading plan make like entry criteria, stop losses or that sort of stuff. Is there anything else that I can many points or rules should be in a trading plan? Like what I try and put a trading plan together, that is doable and simple to follow. To look at rather a complicated bloody list of all this crap, what would be a good trading plan? Allen: So, you want it to be simple and easy to implement. But you don't want it to be too simple, where it's just broad, like anything can happen. So, you know, I've seen people that have a trading plan that says, I'm going to do an iron condor on this stock 45 days to expiration, I'm going to sell a 10 Delta calls and sending out the puts. And that's it. That's my whole plan, and I'm just gonna sit and let it expire. That's a trading plan. It's very simple, right? You know, what you're going to do you know, what you're going to how you're going to do it, you know, what you're going to trade it on. And you know, when. And so now that pretty good plan doesn't work. So whoever's listening don't don't do that one. We've back tested that, and it didn't work. But there are, there are times there are several months where it does work, just because it has, you know, 80% probability, but over time, it doesn't. So that's the basics, you got to know what you want to trade, you need to know the strategy, you got to know what you want to trade. And then you have to know what constitutes a good setup. So when it comes to credit spreads, you mentioned credit spreads. So I like to do that, depending on the size of the of the trade, if it's a you know, maybe a $5000 $10,000 trade, then I'll go into I can go into a stock, or I'll go into an index ETFs are good, too. But they're their strikes are a little bit smaller. So you got to do a lot more contracts. But if I can go into a stock that has, you know, five point spreads, and I do 10 of them. That's a $5,000 trade. That'll work. Allen: So you can, what do you want to trade? And then what's the proper setup? So for me, again, I like to keep it simple. So if I see a stock that's trending, as moving up, or moving down, then I'm happy to trade it. Because I'm, I'm more of a trend follower, you know, so there's people that think, okay, if the stock is gonna go up, it's going up, it's going to keep going up until something big changes, there are other people that think the opposite. They're like, Oh, if it's going up, they just kind of come back down, because it's gonna do reversion to the mean. And sometimes that works. And sometimes it doesn't. So I don't really buy that I just like, hey, if it's going up, then it's telling me that it wants to go higher. So that's basically what I'm looking for. In a setup, I'm looking for the stock to tell me what it wants to do. So if I see a stock that's jumping up and down, no, I don't know what it's doing. I don't know what it's telling me, I can't understand the language, I'm not going to trade it. If it's going up, then I'm going to play it bullish. If it's going down, I'm going to play bearish. And sometimes, you know, it turns around and you get banked, but most of the time it's going to work out. So that's the kind of setup I'm looking for. And then over the years, you know, we've added other things to look at, you know, how do you make sure that all of your trades are not in the same sector? Right now, you know, right now, oil has been doing well. So all of the oil companies were doing great. But then they all turned around and went down all together. So if you have 10 trades on in different oil companies, that's not that's not diversification. That's the same trade. And so if they turn around, I'm going to turn on together. So that would be one way of putting the odds in your favor by having you know, only a small portion of your account in one sector. So you have to separate that. How do you diversify by time? You know, so not putting all your trades on on the same day. That's another way to do it. So you diversify by time. So there's so many different ways that you can do it, some of them might make sense to you some might not. And then, you know, we have other students that come in and say, Well, I do it, you know, I look for this also in my trade, like, Okay, if that's what you want to add to it, then add it. Don't subtract things that I've given you. But if you want to add to it, one student said that he likes to look at the weekly chart, I usually look at the daily chart, see how the stock is doing. He likes to look at the weekly chart as well. Allen: So I'm like, Okay, fine, you can add to it, you know, if it doesn't hit your criteria on the weekly chart, then just means you'll have less trades that qualify, but it's not gonna it's not going to put you into a trade that's going to hurt. So when you're basically you just have to figure out what you think is going to work. And then you have to test it. So back testing, and paper trading are really really, really helpful. Especially back tests, Mark: I find paper trading useless. To be honest. You lose interest very quickly. It's very easy to lose in that type of trading. Yeah, go ahead. I've done a little bit of paper trading and I've just found that I find okay, it's gone the wrong way. But I got it wrong. You just let it go. Because it doesn't mean anything. It has no significance, does it? Start with money trading? Yeah. You've got a connection heavenly with the with the live trading, because actually, it's not your money tied to it. Allen: It's not your money. It doesn't matter what the style of the trade does, you're only focusing on becoming a better trader, the goal is not to make more money, the goal is to become a better trader. Right? It's kind of like playing poker. It's like when you when people go to play poker, right? They'll professionals, they'll tell you that if they play their hand perfectly, and they lose, they're okay with it. Right? If they play, if they mess up, and they still win, they're still mad at themselves. Because I didn't play it right. I didn't play my cards, right? Even though I won, I don't care, because long run, it's going to hurt them. If they keep playing incorrectly in the long term, it's going to hurt them. So that's the goal to become the better trader. And the end results, the profits will take care of themselves. So paper trading is practice. That's all it is. Right? If you didn't need to take that on board. It's slow practice. Back testing, I prefer back testing way better than paper trading. Because you can go really quick. You know, if you if you come up with a plan, like okay, these are my criteria, I got these seven criteria on my trading plan. I'm going to enter when I see this, this and this. I'm going to exit when this happens. I'm going to adjust it this way If this happens, okay, I got that right and down, and that you can even just come up with your you can just guess No, I think this one's good. This one's good. That's my plan. Okay. You pick. You pick a stock, spy. Great, perfect. You go back to yours in time. January 1, put the trade on. How does it do? Oh, it made money. Awesome. Cool. February, how do you do made money? Great. March. Oh, we lost a lot of money. Doing it, huh? Okay. APR, how do you do? And then just do it month by month, I want back testing one month or one trade, you know, might take you five or 10 minutes. And so you can get years worth of practice in just a few days by back testing. And you'll find that Mark: It's something that I've never done is back testing. Is there a particular software that's adequate for that sort of stuff? I've never really looked down that line. I've heard about it. I've listened to it, but I've never actually really done it myself. Is there anyone ticular that would be worthy. Allen: The one that I use, the one that I use is called the option net explore. option that explore? Yeah, and I think I think they're based out of Great Britain. And so basically, it's, it's an options selling platform, you know, so it looks like your broker's platform, you put the trade on, and you go through it day by day by day. And it doesn't do it all for you, you actually have to look at it every single day. And if you want to make changes, you can make changes to it. That's what I like about it. There are other software's that you just put in the strategy, you press a button and it'll tell you "Oh, you made money or you lost money". That's not the point. We want to get better as a trader. Right. And so this one is like, Okay, I put the trade on, click a button. Oh, stock is down today. Do I need to do anything? No. Okay, next stage. Oh, stock is back up again. I don't have to do anything. Next stage. Oh, stock is down again. Oh, no, I'm at an adjustment point. Okay, what adjustment am I going to make? I'm going to do this adjust. Okay, cool. Let's see, did it work out? Go there forward today forward a day forward a day. Oh, expiration day stop. It worked. So it's, it's just, you know, there's no money, right? It's just about becoming a better trader. It's just about getting the practice doing it over and over and over again. So that I think would definitely help you as well. Mark: Okay, so one of the things obviously, we talked about discipline and the mental game, what's probably the best thing to follow, or to train your mental strength, like, as you said, like a paper trade or a live trade, you should be able to make that same decision, then in there without any emotional war. What's the best way to get to that level of trading where you whether you win or lose, it's just business as usual? Allen: Yeah, I've done to you have to divorce yourself from the outcome, whatever, whatever that takes for you. For me, in the beginning, it was getting my wife because I knew how I would have to answer to her. Mark: And scary Allen: I didn't have it. Exactly. It has to be scary. Because if you do it properly, she cannot get managed. Right? It's like, Hey, I followed the rules, babe. I did everything I was supposed to do. It still didn't work out and she'll be like, Okay, fine. That's no problem. But if you do not follow the rules, that's when she gets manage. And that's when it gets scary. So yes, you have to make it scary for you not to follow your rules, because a lot of us a lot of US traders, like, if we lose money, yeah, we don't we get mad about it, we're like, oh, man, I lost money, we feel bad about ourselves. But it doesn't hurt enough. You know, it's kind of like these people that say, Hey, I want to lose some weight. You know, so they make a goal, I'm gonna lose some weight, I'm gonna lose some weight, they tell everybody, and they do it for a few days, and then they give up. But then there's this website, that what, what this website, basically what it does is, you have to pick a, maybe a political party, or a person or some organization that you hate, you actually hate them. And you have to put up a lot of money and say, Okay, if I don't stick to my goal, this organization is going to get $5,000 or $10,000. So that makes you because it's now becomes a different level. It's not about just the money, or about doing the thing. It's like, okay, you know, let's say, for example, I don't want to give my money to anybody like the Save the whale Foundation, right? I don't want to, I don't want to give my money to the whales, I hate whales, I want them all to die. I don't want anybody to save the whales. So if I don't lose 10 pounds, they're gonna charge my credit card $5,000 and give it to the whales, and I hate whales. So I want to do whatever I have to do to lose that money to lose that weight. You know, because I don't want that well to be saved. You have to want something more than what you have. So there's, that's another psychological trick. No, in trading? We sometimes we get used to it, you know, it's like, oh, last? Oh, well, you know, we get used to it. And it just, we gotta it's just the mental part of it. Mark: Definitely, definitely, it's a huge part of it. Something I didn't I didn't realize, until much later down the track of trading, how big a part of mental side of it really is. Allen: I mean, if you find trying to avoid is difficult. Yeah. So if you find yourself having a problem with discipline, make it simpler, cut it down, make it as simple as possible. Find the trade that you know will like you know, the naked call or the naked put the covered call, these are very simple trades, they're really hard to mess it up. Right? On the naked put, if you get assigned the stock, hey, that's great. I just bought the stock much cheaper than it was before. And I'm going to own it. So you want to you want to do it on companies that you're going to own you want to own for a long period of time. That's the only way it really works. You can't you can't be selling naked puts on stocks that are just, you know, going crazy. That's the wrong way to do it. So you know, if you can simplify it, if you can find some way to have somebody else monitor you, and hold you to your fire, you know, hold your feet to the fire like, hey, you need to follow this, why aren't you doing this? Or, hey, it's not my money. Right? I'm doing it for somebody else. This is my kids inheritance, right? I cannot mess it up. So I have to follow the rules. One guy, when I was in, just after high school, I became an agent, a real estate agent. And as an agent, as a brand new agent, they tell you that you have to do a lot of things that you don't want to do. You have to talk to hundreds of people all the time, you have to cold call, people say Oh, Hi, are you doing? Do you want to sell your house? Oh, hi, do you wanna say, Well, you know, they have to keep doing things that you don't want to do. So it was like, okay, in the guy, the guy is like, hey, most of you guys are not going to do it. But if you want to be really, really, really motivated, what you need to do is go out and buy a fancy sports car. Sounds like what you're talking about, what do you do a fancy sports car? Because yeah, you need to go out and buy an expensive sports car so that you have that payment that you have to make at the end of the month. And so that is going to make you work your butt off because you have to make the payment. And as I go I mean, I understand what he was saying. I was like, No, I'm not doing that. But then eventually I didn't make it as a realtor. Maybe if I did do that, maybe I just didn't do the work that he told you to do. I just didn't do it. It wasn't the reward wasn't worth it for me. Mark: It was up to risk, I suppose. Yeah, Allen: I mean, you know, so with your training, you got to figure it out. Is it really worth it? Is the goal that hey, I want to quit my job. Is it I want my wife to quit her job. I want the kids to have this vacation or whatever it is. You have to burning. Yes, just eat you up every single day. You have to really really, really want it Mark: Explain to me how and it's burning me. Allen: Then the discipline has to stick. Because if you want it, but you're not disciplined, and your losses are too big, then it's it's not there yet. So I think, you know, if you don't have a trading plan, I'll just give you the training. You know, I mean, it's not that hard. It's not it's, it's the training plan helps. But it's up here. And it's the practice just doing it over and over and over again and having confidence in the plan. Because then if you have confidence, you'll stick to it. If you don't have confidence, you're going to change it, you're going to you're going to add things to it, you're not going to follow it, you're going to forget about it. Like with the paper trading, that's exactly what that is, you know, so it's not real. So, oh, well, I'm gonna ignore it. I'm gonna forget about I'm gonna do that.  Allen: That really resonated with me Allen's that that point, like, go back to the paper trading, treat it like it's somebody else's money, and then make it work. Don't look at it as just as being as a fake account, that doesn't matter. Allen: I mean, I wouldn't Yeah, I would prefer you do back testing, it'll be much faster. Mark: To look at that I'll get, I'll get onto that particular site that you've made. Yeah, Allen: That'll give you years of experience in just a few days. And so, to me,

  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.

https://youtu.be/1DGniu1Ph0MTry ProTrader ➥➥➥ https://www.vectorvest.com/weborders/order-ProTrader30dayTrial.htmlTechnical Analysis is a great way to remove your emotions from your investing and stay more systematic in your approach. Tune in to Technical Analysis 101: Bollinger Bands as we start a new series to improve your own trading!Try VectorVest for only $0.99  ➥➥➥ https://www.vectorvest.com/YTUse this link for a FREE Stock Analysis Report ➥➥➥ http://bit.ly/2KsZlqzVectorVest mobile app ➥➥➥ http://bit.ly/2UjF6y6 SUBSCRIBE To The VectorVest Channel ➥➥➥ https://www.youtube.com/user/VectorVestMB/?sub_confirmation=1

Vinay Raman is the CEO of CAARMO and helps businesses and employees unlock their hidden potential, maximize opportunities, and risks to mitigate through Performance Intelligence software tools. He joins Nana this week on Build Value By Choice to talk about using data-driven emotional graphs to build and scale business processes.    KEY TAKEAWAYS CAARMO helps businesses see the data that is already in the company and how the balance is constantly shifting. When you know where the balance is heading then you can adapt to those coming changes.  You need to have a more holistic view of all the information around decision making in business. The more information you have then the better informed your choices are.  There is a concept in the stock market called Bollinger Bands, these are envelopes plotted at a standard deviation level above and below a simple moving average of the price. Because the distance of the bands is based on standard deviation, they adjust to volatility swings in the underlying price. Bollinger Bands use 2 parameters, Period and Standard Deviations. You want to have a stable process before you try and improve it.  Emotions matter so much, it's of paramount importance. If someone isn't happy then they're not going to do their best work for you. You can use data to decide how you can best support your employees to get the best out of them.    BEST MOMENTS ‘You get two people with the same information but coming to two different conclusions'  ‘If the process is working without lots of noise, then you know it's a good process' ‘If you want someone to buy into your company you need to show them the evidence that you can make them a superstar'    EPISODE RESOURCES  https://bit.ly/productizeebook1 https://www.linkedin.com/in/vraman/ https://www.caarmo.com/   VALUABLE RESOURCES Leave your comments on the show's facebook community page: https://www.facebook.com/Buildvaluebychoice Get your free valuation here: https://bit.ly/get-free-valuation Get a 5-phase checklist to help scale your business. https://bit.ly/Business-ScaleUp-Checklist Podcast website: https://infhorizons.com/podcast/ Don't forget to subscribe to the podcast and share it.   ABOUT THE GUEST  Vinay Raman is the CEO of CAARMO and helps businesses and employees unlock their hidden potential, opportunities to maximize, and risks to mitigate through our Performance Intelligence software tool. Vinay helps business leaders become better business leaders and drives effective business growth. Vinay helps business leaders and their people live intentionally in alignment with their why and have that great mindset.   PODCAST DESCRIPTION Hosted by Nana Bonsu of Infinite Horizons, this show aims to serve small business owners who want to grow their businesses while reducing their own personal involvement. We do this through a combination of interviews with industry leaders, and host presentations. We are certified value builder advisors and leverage a statistically proven methodology to help clients such as you scale or transition their business to the next chapter.  We care for our listeners and see their dreams...

The man behind Bollinger Bands speaks.Check The Lead-Lag Report on your favorite social networks.Twitter: https://twitter.com/leadlagreport​​​​​ YouTube: https://www.youtube.com/c/theleadlagreport Facebook: https://www.facebook.com/leadlagreport​​ Instagram: https://instagram.com/leadlagreport​​​ Sign up for The Lead-Lag Report at www.leadlagreport.com and use promo code PODCAST30 for 2 weeks free and 30% off. Nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities. The content in this program is for informational purposes only. You should not construe any information or other material as investment, financial, tax, or other advice. The views expressed by the participants are solely their own. A participant may have taken or recommended any investment position discussed, but may close such position or alter its recommendation at any time without notice. Nothing contained in this program constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments in any jurisdiction. Please consult your own investment or financial advisor for advice related to all investment decisions. See disclosures for The Lead-Lag Report here: The Lead-Lag Report (leadlagreport.com)The Personal Finance PodcastSubscribe now and Master Your Money in Less than 30 Minutes Per Week! Listen on: Apple Podcasts Spotify

  In this video we are going to create an expert advisor that uses the bollinger bands to create a signal. And we also want to use the RSI filter to confirm the signal.   So let's find out how to do that with MQL4.   To get started, please click on a little button here or press F4 on your keyboard.   Now you should see the Metaeditor.   And here we have a precoded version for this expert advisor. We start by using the Include function.   It will include two modules for the bollinger bands and the RSI that are coded here.   Inside of the ontick function we open a function that is called Check Entry Bollinger to create a trading signal.   And for the filter we open a function that is called Check Entry RSI.   This one is coded in the second module and only if the trading signal equals buy and if the filter also equals buy, we want to check if we have no open positions.   That would be the case when orders total delivers a return value of zero. And if all conditions are true, we use order send for the current symbol on the chart to open a buy trade for ten microlot.   In the other case, if the trading signal equals sell and if the filter also equals sell and we have no open positions, that's when we want to use order send for the current symbol on the chart to create a sell trade for ten microlot.   At the end of the main module we use the comment statement to output the trading signal for the bollinger bands and the filter signal for the RSI filter.   And that's it for the main module.   But these two functions here need to be created. So let's continue with the bollinger bands entry. Our function is called Check Entry Bollinger.   And it will return a string value.   Therefore we create a string variable for the signal.   We don't assign a value here because we are going to calculate that now. And to do that we need to use the ibands function that comes with MQL4 for the current symbol on the chart and the currently selected period on that chart.   We do it for 20 candles.   The standard deviation is two.   We don't need a shift value here.   We calculate the results based on the close price. We use mode lower for the lower bollinger band or mode upper for the upper bollinger band. And here we have the candle number one. Now let's repeat that for the last bollinger bands value.   And here we want to do the whole thing again.   This time we do it for candle two. And when the close price for candle two is below the last lower bollinger band and the close price for candle one is now above the lower bollinger band, that would mean we have a re-entry from outside the bollinger bands from below and that is considered to be a buy signal.   So we assign the word Buy to our signal.   In the other case, if the close price for candle two was above the last upper bollinger band, and if the close price for candle one is now below the upper bollinger band, that would be a sell signal.   And that's when we assign the word sell to our signal.   Finally, we return our signal to the main module by using the return statement here.   That's it for the signal.   Now let's continue with the filter. To get the filter value we use the function checkentry RSI. That is coded in this module. It also returns a string value.   Once again we create a signal variable of the type string.   Now we use Irsi for the current symbol on the chart and the currently selected period on that chart. We calculate the value for 14 candles for the close price and we do it for the current candle.   That's candle zero.   And if the RSI value is below 30,

  In diesem Video, wo wir uns mal anschauen, wie man einen Expert Advisor programmieren kann, der in der Lage ist die Bollinger Bänder zu nutzen, um Einstiegs-Signale zu produzieren. Und wir verwenden hier auch den RSI Oszillator als Filter. Also lassen Sie uns mal schauen, wie man so etwas programmieren kann. Um das zu tun, klicken Sie im Metatrader bitte hier oben auf diesen kleinen Button  oder Sie drücken F4 Taste. Es ruft dann hier den MetaEditor auf und hier haben wir bereits eine vorprogrammierte Version. Die hat den Namen Stand Alone Bollinger RSI und wir verwenden hier einen Einstieg und einen Filter. Zunächst einmal nutzen wir den Include Befehl, um die zu MQL5 zugehörige Datei Trade.mqh zu importieren. Die stellt uns vereinfachte Handelsfunktion bereit und danach nutzen wir wieder include und importieren die zwei Module, die wir noch programmieren müssen. Das eine wird das Einstiegs-Signal für die Bollinger Bänder ermitteln und das andere den Filter für den RSI Oszillator. Danach berechnen wir den Ask Preis und den Bid Preis. Das funktioniert mit der Funktion Symbol Info Double für das aktuelle Währungspaar auf dem Chart.   Wir nutzen entweder Symbol Ask oder Symbol Bid. Und mit Normalize double und Unterstrich Digits stellen wir sicher, dass wir die richtige Anzahl von Nachkommastellen hinter dem Komma berechnen. Danach erstellen wir uns eine Instanz von der Klasse CTrade, der wir den Namen Trade verpassen. Und mit MQLRates erstellen wir uns für ein  Preis Info Array. Wir machen das außerhalb der OnTick Funktion, da wir das auch in dem Bollinger Bands Modul nutzen wollen. Mit Array set as series sortieren wir dann unser Preis Info Array von der aktuellen Kerze an abwärts. Und mit Copy Rates füllen wir unser Preis Info Array für das aktuelle Währungspaar auf dem Chart und die auf dem Chart ausgewählte Zeiteinheit von der aktuellen Kerze 0 für drei Kerzen. Das ermöglicht uns dann anhand der aktuellen Kerze 0 den Schlusskurs zu ermitteln, der in unserem Preis Info Array gespeichert ist und diesen der Variable CurrentPrice zuzuordnen. Um das Trading Signal zu ermitteln, öffnen wir jetzt eine Funktion mit dem Namen Check Entry Bollinger. Die finden wir hier in dem Modul. Unsere Funktion bekommt keine Parameter und ist vom Typ String, da sie einen Text zurückgeben wird.   Zunächst erstellen wir eine Signal Variable, die ist auch vom Typ String. Außerdem brauchen wir drei Arrays für die drei Bollinger Bänder. Auch diese werden mit Array set as series von der aktuellen Kerze an abwärts sortiert. Und mit der integrierten Funktion Ibands können wir für das aktuelle Währungspaar auf dem Chart und die dort ausgewählte Zeiteinheit die Bollinger Bänder für 20 Kerzen berechnen. Wir benötigen keinen Shift Wert und wir nutzen den Standardwert zwei für Deviation um anhand der Schlusspreise unsere Werte zu ermitteln. Mit Copy Buffer füllen wir jetzt unsere drei Arrays für das mittlere, das obere und das untere Band, das mittlere Band hat Buffer 0, das obere Buffer 1 und das untere Band Buffer 2. Und jetzt können wir die jeweils aktuellen Werte ermitteln, indem wir uns die Werte in unserem Array anschauen. Diesmal für die Kerze 0. Und dann wiederholen wir das Ganze noch mal für die Kerze davor. Dazu schauen wir uns die Werte für Kerze eins im Array an. Und wenn der Schlusskurs von Kerze 1 kleiner war als unser unteres Band und der Schlusskurs für Kerze 0 über unseren unteren Band liegt dann wäre das ein Kaufen-Signal. Im Umkehrschluss, wenn für Kerze eins der Schlusskurs größer war als unser oberes Band und der Schlusskurs für die aktuelle Kerze...

Today I've got an easy Bitcoin trading strategy that uses 2 indicators to confidently enter trades and begin to make profits. Bollinger bands and Market Cipher B are two great indicators that you can use to understand what's happening on a chart, and how to use it to your advantage. I'm showing you how to get these indicators on your charts, how to use them, and how to start making great trades with these super useful tools. Go get your charts, pop on some indicators, and check out the price action for your favorite trade!

How To Trade Volatile Markets Like A Pro - Ukraine War & More! In episode 346 of the Desire To Trade Podcast, I am joined by Michael Toma to discuss how to trade markets like a pro when volatility is high. You'll get to see our thought process for entering trades in the Forex market when price moves quickly to start to get choppy & unpredictable. Join our Ultimate Prop Firm Trading program Watch more videos featuring Michael Toma >>Watch the video recording! Topics Covered In This Episode 0:15 Introduction 0:55 Should you stay out of Volatile Markets? 2:38 How to determine what market you should trade 3:57 Should you pay attention to the news when trading? 5:50 What type of strategies work better for volatile markets 7:23 What is Michael Toma's preferred trading strategy 12:20 Should you close trades early in a Prop Firm evaluation? 15:07 Should you take prop firm evaluations to learn to trade? 18:03 How can you actually have great risk management as a trader Community questions: 23:17 Q: Does Michael trade only Long or Short in volatile markets? 27:43 Q: Does Michael Toma Offer training? 30:16 Q: How do you remain objective while trading? What is your routine to maintain the mindset? and how much is mindset important for you after method and risk management? 34:29 Q: Out of interest's sake. Can you share your average win rate and reward to risk ratio? Its interesting know-how pros compare to me the average trader. 38:33 Q: Do you do position trading? What is your take on it? 40:07 Q: Do you use the 1min T.F combined with 5m & 15m or do you use Higher T.F's? 45:17 Q: You guys are living from trading... but I have fear what will gonna happen if this trading will not work out the same as now.. how to overcome that fear? 52:32 Q: What's your opinion on using futures as an indicator for trading individual stocks? 53:55 Q: What is the most important thing I need to know before getting into Trading as a career? 57:24 Q: Hi Ettien, my question is regarding Bollinger Bands reversal strategy. The markets are trending a lot currently. Have you been finding it hard to find trade opportunities? (Screenshare) 1:00:00 Q: I have been trading for about a year and a half now but I still struggle with consistency what can I do to improve my trading? 1:03:19 Where to find Michael Toma and much more What is one thing you are going to implement after listening to this podcast? Leave a comment below, or join me in the Facebook group! Desire To Trade's Top Resources DesireToTRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist One-Page Trading Plan (free template) Recommended brokers: Pepperstone (special signup offer) AxiTrader (use our link to get a special bonus) EightCap (preferred Crypto and FX Broker) Desire To TRADE Academy About The Desire To Trade Podcast Subscribe via iTunes (take 2 seconds and leave the podcast a review!) Subscribe via Stitcher Subscribe via TuneIn Subscribe via Google Play See all podcast episodes How To Find Michael Toma? MichaelToma.org email: michael@michaeltoma.org/ Join our Ultimate Prop Firm Trading program What is one thing you are going to implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!  

Seeing Through the Chaos of The Forex MarketPodcast: Find out more about Blueberry Markets – Click HereFind out more about my Online Video Forex Course - Click Here#453: Seeing Through the Chaos of The Forex MarketIn this video:00:25 – The markets are just chaos01:17 – Doing nothing could be the best thing to do01:57 – Traded the H8 and H12 charts instead03:11 – We help our clients to demystify the charts04:24 – You have to be able to act on what the market is telling you in real time05:45 – Time to join us?05:51 – Are you looking for a good Forex broker?06:42 – How you can contact meHow can you easily see through the chaos that is the forex market? Let's talk about that and more right now.Hey, traders. It's Andrew Mitchem here at The Forex Trading Coach. This is video and podcast number 453.The markets are just chaosNow, the markets are just chaos. That's really what they are. Lots of lines, lots of different indicators, lots of confusion going on, different timeframes, different currency pairs, different system strategies, just utter chaos. But as a trader, you need to be able to see through that chaos to actually read on the charts what is actually happening, and think, "Well, behind the scenes, what are these charts telling me is happening right now?" Are there more buyers in the market? Are there more sellers in the market? Is this a trade to take or not? How do I know which currency pair to look at? How do I know which timeframe chart to look at? What happens if the MACDs telling me to buy and the RSIs is telling me to sell? All those type of things. Utter, utter chaos going on in the market.Doing nothing could be the best thing to doAnd sometimes, the answer is to do nothing. Give you an example, just today, right now. The 8th of April on the daily charts, we have taken no trades today on the daily charts. Why? Because there are no good setups. We've been through all the forex pairs, all the metals, the indices, commodities, cryptos, everything. I do not see a single trade today on the daily charts. So, therefore, we've not taken any. We've had a great week so far. We've had four really good days of trading and had some good trades. And therefore, the answer today or the solution today, the strategy is do not take any trades because there are none.Traded the H8 and H12 charts insteadHowever, we're still taking two trades, one on the eight-hour Euro-Aussie and one on the Euro-Hungarian forint on 8-hour and 12-hour that we posted on our membership site for our clients to trade and to learn from. Why? Well, because out of all the different currency pairs, all the markets, all the timeframes, at the change of day leading into Friday the 8th, those are the only two setups that I see on the charts that are suitable to trade the strategy that I trade. And therefore, those are the only two that we've passed onto people. Why are they good? Well, they have the candle pattern that we look for. They're bouncing at the right area that we're looking for. They have some stop-loss protection that we're looking for. They have room to move. They're both sell trades. They have room to move before any next support gets in the way, any previous lows, pivot points, middle Bollinger Bands, all those type of things. So, we see on those two trades, are high-probability setups, and therefore they are the two we've taken. So, we've looked through of all the chaos, we've seen through all the chaos,

(3/23/22) Negative sentiment tends to be bullish for stocks, and lately everyone's been convinced the world is about to end. The technicals bear this out: We've had several re-tests of market lows since January, which would include the Russian invasion of Ukraine. But look at how markets rallied, breaking about the 50- and 200-DMA's. Markets need to hold above that resistance level, and reach up to touch the upper limits of the Bollinger Bands. In reality, the negativity has already been priced-in. Are we out of the woods? Not necessarily. Rising rates and slowing economic growth will continue to provide overhead pressure, keeping prices suppressed. A correction would be a bullish set up for markets. Take advantage now to rebalance portfolio risk. -------- Get more info & commentary: https://realinvestmentadvice.com/news... -------- Watch the video version of this report by subscribing to our YouTube channel: https://www.youtube.com/watch?v=onPy5MoARYs&list=PLVT8LcWPeAujOhIFDH3jRhuLDpscQaq16&index=1 -------- 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/RealInvestme... https://www.linkedin.com/in/realinves... #BearMarket #Bonds #Recession #OilPrices #Russia #Ukraine #Markets #Money #Investing

It's the most trivial trivia podcast in crypto.,... it's NeverMind the Shitcoins,  with your hosts Benjamin Bateman and Dionne Amy Edwards! Episode 6 of series 2, we put our expert guest's crypto and blockchain knowledge to the test, as we dive into the weirdest Bitcoin, Ethereum and altcoin news to play: No Crypto Know News Now, This Week-ish, Fomo or Fud  and, a special no-nut Novemebr edition of.... Crypto-Innunendo!This week's guests:  Edmund McCormack (Founder Dchained),  and Eugene Morozov (Founder Free TON Academy)! Test your knowledge, and leave us a review if you enjoy the show!  --- Send in a voice message: https://anchor.fm/nevermindtheshitcoins/message

How Dave day trades Dave covers Netflix's earnings I touch briefly on P&G's earnings Brandon discusses how he swing trades and invests, along with what he looks for and what he does not care about. Tickers discussed on this episode: $nflx and $pg For the definitions of the MACD, RSI, Keltner Bands, Bollinger Bands, and Simple Moving Averages see http://www.investopedia.com For the SEC complaint about Jim Cramer, Bernie Madoff and Michael Milken discussed in the episode see: https://www.sec.gov/comments/s7-08-09/s70809-4614.pdf --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app Support this podcast: https://anchor.fm/chinchillapicking/support

I explain how I use Bollinger Bands as the main tool in my Trading Strategy and the secrets behind my indicator that I have been using for close to 20 years to successfully trade Futures, Stocks & Crypto! I go to the charts to show you what setups I am currently trading in Ethereum, S&P, […]

More indicators on today's episode and going more into the different types of indicators and how we can use them in our trading for exits and entries in trading or swing trading.

Trying to figure out how to find the trade setups that work for you and tired of trade setups that look great but they don't follow your moving averages, Bollinger Bands or key indicators that you follow? In this Podcast episode, Ryan Mallory answers one listener's email about how he is starting to lose all the money that he recently made in the stock market and provides some quick tips on how to improve that. Whiskey: Redemption Bourbon Be sure to check out my Swing-Trading offering through Patreon that goes hand-in-hand with my podcast, offering all of the research, charts and technical analysis on the stock market and individual stocks, not to mention my personal watch-lists and regular updates on the most popular stocks, including FAANG stocks, Microsoft and Tesla. This is provided each and every week! Check it out now at: www.swingtradingthestockmarket.com

Have you ever felt confused about those price charts that you see in the news? In this Quick Tip Benjamin Blakeman, The Oracle on Wilshire explains the basics of candlesticks and Bollinger Bands. Here are some more resources if you want to take it further:https://oracleonwilshire.com/https://www.bollingerbands.com/https://www.investopedia.com/trading/candlestick-charting-what-is-it/Portfolio tracker Sharesight tracks your trades, shows your true performance, and saves you time and money at tax time. Get 4 months free at https://www.sharesight.com/au/sharesforbeginnersDisclosure: The links provided are affiliate links. I will be paid a commission if you use these link to make a purchase. You will also usually receive a discount by using these links/coupon codes. I only recommend products and services that I use and trust myself or where I have interviewed and/or met the founders and have assured myself that they're offering something of value.Stocks for Beginners is for information and educational purposes only. It isn't financial advice, and you shouldn't buy or sell any investments based on what you've heard here. Any opinion or commentary is the view of the speaker only not Stocks for Beginners. This podcast doesn't replace professional advice regarding your personal financial needs, circumstances or current situation. See acast.com/privacy for privacy and opt-out information.

Jerry, Greg, and Bob discuss indicators for trading such as the SMA, EMA, RSI, Bollinger Bands, MACD and how to use them for fun and profit! Other Places to Find Us twitter - @moneyvkings Facebook - https://www.facebook.com/moneyvikings Instagram - themoneyvikings YouTube - https://www.youtube.com/channel/UCnaRH_mqF3WupjI0k0s-Ybw/ pinterest - https://www.pinterest.com/moneyvikings/ MoneyVikings.com - https://themoneyvikings.net/ tastyworks referral link: https://start.tastyworks.com/#/login?referralCode=FDS9FWP7QY finviz : https://finviz.com/?a=170457357 - finviz --- Support this podcast: https://anchor.fm/moneyvikings/support

Clayton lays out the difference between trading strategy and trading system. He discusses RSI, Bollinger Bands, and 15 minute charts. The guys also converse about Uber, old professions, and the purpose of business. Clayton will host an AMA on Facebook live December 8th at 1430h MST.  Please join us! Like the AllenFX Facebook Page

TRADING BLOCK LYFT options trading today Tesla off 64 handle on the day       ODD BLOCK Call love in BorgWarner Inc. (BWA) Call love in Dana Inc (DAN) - review from 11/8 Call love in Broadridge Financial Solutions, Inc. (BR)       MAIL BLOCK Broker Madness Round 3 - The Final Four! TD Ameritrade vs. Fidelity Investments Interactive Brokers vs. tasty works Question from Joe and Linda - My question is for Trey: Being that you are the “Chart” guy...  I have had some success with The ADX, 50/200 SMA and Bollinger Bands. My question relates to time frame for those. Should I set the time for the option? Meaning, should I set those for 2 week view if I plan to sell a credit spread 2 weeks out, or keep it 6 months, 1 year, etc? I have been using the straddle for those time frames but was looking for another point of ref. Thanks.     AROUND THE BLOCK

THE HUDDLE Question from Harold Dsouza -  Hi Brian. Let me start off by saying I am a big fan of your options playbook radio podcasts. I think you are an excellent teacher. I have been meaning to reach out to you for a long time now. I am 41 yrs old and have been very intrigued by the stock market since I was a kid. I have also had an innate fear of losing my hard earned money which has kept me away from venturing into the market all these years. I have finally overcome my fear and have decided to slowly wade towards the deep end. I have been educating myself for about 4 months now, getting comfortable with the market terminology and its workings. I've been reading books on stocks & options trading and listening to podcasts. Absorbing as much as I can. I have had a financial advisor  who has been handling my portfolio for the past 6 yrs and honestly I have seen very little gain in my accounts over these years. After listening to your podcasts I am motivated and I believe with the right guidance and education everything is achievable. I have decided to take control of my finances. I have been listening to your podcasts starting from day 1 and listened to them over and over again until i understand the concept. Some of them i'm struggling with, but i am determined to get there. I like the way you break it down into bite sized digestible chunks. My money has been sitting in my trading account for over 3 weeks now. I am a little anxious to take the first step which is picking the right stock. I am still conservative with my money. Hence I am looking primarily at DJI & S&P500 stocks. My focus at this point is to pick right stock that is on it's way up and sell covered calls on those stocks taking advantage of the current market rally while as the same time getting some residual income. Once I am comfortable I will be looking at handling my finances in its entirety. I need some guidance on how to pick those stocks. I am reaching out with the hope that you could provide some guidance or point me in the right direction to help me get started and achieve my goal. I am currently on podcast # 32, I don't know if you have covered this in your later podcasts. I don't know if my approach is right. I am just going with my understanding of what I have been reading and observing and listening. Much like a well read frog in a well..lol. Look forward to hearing from you. Best Regards, Harold Question from Joe and Linda - I have  been knee deep with you guys for the last 14 months and can't thank you enough for the wealth of information you provide. One of my favorite quotes: “ Your generosity is only exceeded by my gratitude.” I have a long commute to work in the morning and have managed to listen to all 240+ of the Options Playbook, all of the Bootcamp, 90% of the OIC stuff as well as in and out of the Options Advisor and Futures show. Also haven't missed Options Block for the last few months… I have a few questions: - I purchased Dan's Trading Options Greeks book and was wondering if he had an audio version. Could easily listen to it on my morning commute. - I seem comfortable with Bollinger Bands, ADX Charts and Volatility Charts, but I am having trouble nailing down a consistent time frame. Should I set the chart for the time I am interested trading or is the 6 month better, 1 year, 2 year....? - Should support and resistance lines reflect 100 lines for better accuracy? 250? Thank You so much for all your help, looking forward to the future with you guys. Going to be successful enough to be able to travel Thank You guys in person! Thanks Again! Question from Jarryd Smith - I have a question for the podcast. What is meant by 'the tent'? For example, stop the trade when it exits 'the tent'. Let's use an ATM Butterfly. Is it the ending 'tent', when at the end of the trade it would a max-loss? Or the end of the trade that would still be a profit? Or something else? For example, if I had a 100/150/200 ATM Butterfly on for $25, would I exit if it hit 100 or 200? Or 125/175? Or something else? Thanks! Question from Thomas Weber - If I am short a deep in the money call in SPY (delta near 1), what are the odds I will be assigned the Thursday night before Friday expiration?   Do you have a question that you want answered on a future episode? Send them to Brian at theoptionsguy@invest.ally.com, or to the Options Insider at questions@theoptionsinsider.com.