Are you a short term trader or thinking of becoming one? Then chances are, you don't want to miss this free video seminar by former Editor-in-Chief of Futures Magazine, Darrell Jobman! Darrell has become an acknowledged authority on derivative markets, technical analysis and various trading techniques. He has participated in the publication of about a dozen books on trading, and has written articles and trading courses for publications, brokerage firms, and exchanges.
Darrell has given us the opportunity to share his knowledge about strategy trading using next day predictive highs and lows for FREE. After all, with the volatility in the markets, every bit of information and analysis helps, right?
We published this trading rule on our blog almost 8 months ago, February 10 to be exact. You can look it up if you wish. With gold making all time highs on Friday, it seems like the perfect candidate for this rule. Just remember, there are no guarantees in trading and you want gold to close at or near its highs for the day.
I learned this rule over 3 decades ago in the markets from a low-key trader named Bill. Using his special trading technique, Bill made millions and millions of dollars from his office. The best part is that this technique is still working more than 30 years after it was taught to me and why I insist on sharing it with as many traders as possible.
Today's guest is Markus Heitkoetter, CEO of Rockwell Trading and author of “The Complete Guide to Day Trading.” Today Markus is going to show you how to use one of our favorite indicators, Bollinger Bands, in short term trading. Be sure to comment with your thoughts on Bollinger bands and some techniques that you use in short term trading.
Bollinger Bands are a great indicator with many advantages, but unfortunately many traders don't know how to use this amazing indicator. Before I show you how I use it, let's quickly review what exactly Bollinger Bands are.
Bollinger Bands consist of three components:
A simple moving average
TWO standard deviations of this moving average (known as the Upper and Lower Bollinger Band).
If you look at the following images you see the Moving Average displayed as a solid blue line and the Upper and Lower Bollinger Bands as dotted blue lines. (In MarketClub the lines are red.)
So what are the characteristics of Bollinger Bands?
Today we are going to take a look at MarketClub's World Cup Portfolio (formerly World Commodity Portfolio) that has been tracking six markets for the past three years. I think it is fair to say that the last 36 months have presented one of the most challenging trading environments in recent memory.
So how do we do it?
I put together this very short video which is only 1 minute 45 seconds long and gives you all the information that you need to decide whether or not this approach is one that could work for you. Bear in mind that the World Cup Portfolio is a leveraged portfolio unlike our "Perfect Portfolio" which is not leveraged.