Using Big Picture Analysis to Guide Trading Decisions Better System Trader 2022-11-24 | Are you looking for unique ways to use “Big Picture” analysis to guide your trading decisions? In this episode, Brent Penfold from indextrader.com.au joins me to share some interesting (and effective) techniques he uses to determine the big picture to guide trading and investing decisions. Here are some of the topics we discuss:- Why the big picture is so important in trading,- How technical analysis can fool traders,- What are fractals and why they matter,- Validating market reactions to specific levels,- The Market Ladder that projects support and resistance levels,- Using fractals to see the big picture and the simplest fractal pattern there is,- Pivot points over multiple timeframes and market expectations around pivots,- Examples of market reactions to pivot points,- Is it safe to get back into the market?- Fractals and pivot points on non-index markets,- Dynamic pivot points vs static pivot points,- Robustness in old trading ideas,- And much more!You can find more from Brent at https://indextrader.com.au * Timestamps *00:00 Introduction01:25 Brents systematic trading background03:20 Why is the big picture important in trading?05:40 What are fractals and why they matter07:00 Example patterns that are fractal07:50 How technical analysis can fool traders09:15 How to choose a higher timeframe for big picture11:10 Validating market reactions to specific levels14:00 How does “big picture” apply to short term traders?17:15 The Market Ladder that projects support and resistance levels26:10 How much data you need to predict price levels29:00 How to project resistance levels30:15 Using fractals to see the big picture35:15 The simplest fractal pattern there is35:40 Pivot points over multiple timeframes39:10 Market expectations around pivots41:55 Examples of market reactions to pivot points46:10 Is it safe to get back into the market?52:10 Fractals and pivot points on non-index markets59:25 Dynamic pivot points1:03:00 Robustness in old trading ideas🎓🎓🎓 MORE TRADING EDUCATION & CONTENT FROM BST 🎓🎓🎓► Better System Trader website: http://bettersystemtrader.com► The Empowered Traders Club: theempoweredtrader.com► Interviews With Pro Traders: interviewswithprotraders.com► 14-day Breakout Challenge: 14daybreakoutstrategychallenge.com► Breakout Strategy Masterclass: breakoutstrategiesmasterclass.com► Smashing False Breakouts: smashingfalsebreakouts.com► Trading Market Internals: tradingmarketinternals.com► DPS Trading Technique: dpstradingtechnique.comWe hope today's video was helpful to you, please show your support for our channel by pressing the like and subscribe buttons.Also, hit the bell 🔔 beside the subscribe button to get the notification! 📩 If you have any questions or requests feel free to leave them in the comments below.
How Technical Analysis Can Fool Traders Better System Trader 2022-12-01 | For more trading tips, watch the full recording of "Using "Big Picture" Analysis to Guide Trading Decisions" Here: youtube.com/watch?v=ovCdb6lot_8
Why The Big Picture Is Important For Trading Better System Trader 2022-12-01 | For more trading tips, watch the full recording of "Using "Big Picture" Analysis to Guide Trading Decisions" Here: youtube.com/watch?v=ovCdb6lot_8
The REAL Key to Systematic Trading Better System Trader 2022-11-24 | For more trading tips, watch the full recording of “Simple trading strategies for consistent results" here: youtube.com/watch?v=SW4Hye-_1_4
The Number One Mistake Crypto Investors Make Better System Trader 2022-11-23 | For more trading tips, watch the full recording of "Systematic Crypto Trading Strategies" here: youtube.com/watch?v=yAeqYYP8Kqs
Important Step Traders Often Miss Better System Trader 2022-11-21 | For more trading tips, watch the full recording of "Price Action vs. Indicators- which is better?" Here: youtube.com/watch?v=hNQcNoID77k
How Long Should a Trading Strategy Last? Better System Trader 2022-11-20 | For more trading tips, watch the full recording of "Price Action vs. Indicators- which is better?" Here: youtube.com/watch?v=hNQcNoID77k
Which Market Trends The Most Better System Trader 2022-11-19 | For more trading tips, watch the full recording of "Price Action vs. Indicators- which is better?" Here: youtube.com/watch?v=hNQcNoID77k
Stop trashing indicators! Better System Trader 2022-11-18 | For more trading tips, watch the full recording of "Indicators vs Price Action - which is King?" Here: youtube.com/watch?v=hNQcNoID77k
Are Trading Expectations Out Of Control? Better System Trader 2022-11-17 | For more trading tips, watch the full recording of "Price Action vs. Indicators- which is better?" Here: youtube.com/watch?v=hNQcNoID77k
Does that trading strategy really stink? Better System Trader 2022-11-16 | For more trading tips, watch the full recording of "Indicators vs Price Action - which is King?" here: youtube.com/watch?v=hNQcNoID77k
Is your trading strategy really dead? Better System Trader 2022-11-15 | For more trading tips, watch the full recording of "Indicators vs Price Action - which is King?" here: youtube.com/watch?v=hNQcNoID77k
How to be a lucky trader Better System Trader 2022-11-14 | For more trading tips, watch the full recording of "Indicators vs Price Action - which is King?" here: youtube.com/watch?v=hNQcNoID77k
Indicators vs Price Action - which is King? Better System Trader 2022-11-10 | Which is better for trading strategies - Indicators or Price Action? In this episode, Scott Welsh from scottwelshstrategies.com joins me to answer this eternal question. Think you know? Check this out! MORE TRADING EDUCATION & CONTENT FROM BST ► Better System Trader website: http://bettersystemtrader.com ► The Empowered Traders Club: theempoweredtrader.com ► Interviews With Pro Traders: interviewswithprotraders.com ► 14-day Breakout Challenge: 14daybreakoutstrategychallenge.com ► Breakout Strategy Masterclass: breakoutstrategiesmasterclass.com ► Smashing False Breakouts: smashingfalsebreakouts.com ► Trading Market Internals: tradingmarketinternals.com ► DPS Trading Technique: dpstradingtechnique.com
Preparing for a new trading year Better System Trader 2021-12-21 | amazing guests join us to discuss trading insights of the past year and how to prepare for a HUGE trading year ahead, including:• Getting better as a strategy builder,• Challenges building short index strategies,• Switching between old and new strategies,• Timeframes for short-term trading strategies,• Scaling out in volatile sideways markets,• When the next bear market will begin and the transition from Bull to Bear,• Trend following over the last few months,• "V" price movements in the markets,• Stop & Reverse and small stops in crazy markets,• Plus doing more of what works, old strategies that do well, algorithmic short selling and much more.► You can discover more from our guests at:Kevin: kjtradingsystems.comLaurent: alphasecurecapital.comScott: scottwelshstrategies.com*** Timestamps ***00:00 Introduction01:09 Kevin Davey describes his year in one word 02:45 Getting better as a strategy builder05:50 Challenges building short index strategies09:15 Preparing for a bear market11:15 World Cup Trading championship results16:05 Switching between old and new strategies18:10 Timeframes for short-term trading strategies20:55 Strategies that are strong short and weak long23:30 How Kevin is preparing for the year head27:41 Closing words from kevin - trading is tough29:15 Introduction to Laurent Bernut30:40 Laurent describes his year in one word 33:25 Trading insights from the past year36:27 Scaling out in volatile sideways markets39:31 Algorithmic short selling with Python43:20 When the next bear market will begin48:46 Which backtesting platform with Python50:29 Transitioning from bull to bear52:02 How Laurent is preparing for the year ahead57:25 Introduction to Scott Welsh58:54 Scott describes his year in one word 1:01:33 Trend following over the last few months1:07:09 "V" price movements in the markets1:09:54 Stop & Reverse1:13:02 Small stops in crazy markets1:17:31 Doing more of what works1:20:45 Even success is really hard1:23:05 Old strategies do very well1:25:39 The legend of purple valley1:28:15 How Scott is preparing for the year ahead1:29:35 How to discover more from Scott🎓🎓🎓 MORE TRADING EDUCATION & CONTENT FROM BST 🎓🎓🎓► Better System Trader website: http://bettersystemtrader.com► The Empowered Traders Club: theempoweredtrader.com► Interviews With Pro Traders: interviewswithprotraders.com► 14-day Breakout Challenge: 14daybreakoutstrategychallenge.com► Breakout Strategy Masterclass: breakoutstrategiesmasterclass.com► Smashing False Breakouts: smashingfalsebreakouts.com► Trading Market Internals: tradingmarketinternals.com► DPS Trading Technique: dpstradingtechnique.com
BST #Shorts: The Best Risk Management Tool You Could Possibly Have Better System Trader 2021-12-17 | "The Best Risk Management Tool You Could Possibly Have'' with Michael GrechWatch the full trader interview at http://bettersystemtrader.com/176
BST #Shorts: When to cut off a failing trading strategy? Better System Trader 2021-12-15 | "When to cut off a failing trading strategy?" with Brian MillerWatch the full trader interview at http://bettersystemtrader.com/175
BST #Shorts: Which is better: diversification of systems or markets? Better System Trader 2021-12-13 | "Which is better: diversification of systems or markets?'' with David StendahlWatch the full trader interview at http://bettersystemtrader.com/205
BST #Shorts: The problem with win % in backtest reports Better System Trader 2021-12-10 | "The problem with win % in backtest reports" with Ernie ChanWatch the full trader interview at http://bettersystemtrader.com/192
BST #Shorts: Why is it important for traders to have a statistical edge? Better System Trader 2021-12-08 | "Why is it important for traders to have a statistical edge?" with Scott AndrewsWatch the full trader interview at http://bettersystemtrader.com/174
BST #Shorts: How You Should Deal With Market Uncertainty Better System Trader 2021-12-03 | "How You Should Deal With Market Uncertainty" with Michael GrechWatch the full trader interview at http://bettersystemtrader.com/176
BST #Shorts: Why its good to understand a trading systems logic Better System Trader 2021-12-01 | "Why it's good to understand a trading systems logic" with David StendahlWatch the full trader interview at http://bettersystemtrader.com/205
BST #Shorts: When moving average crosses are more reliable Better System Trader 2021-11-29 | "When moving average crosses are more reliable" with Larry TentarelliWatch the full trader interview at http://bettersystemtrader.com/202
BST #Shorts: The most toxic period to backtest a strategy Better System Trader 2021-11-26 | "The most "toxic" period to backtest a strategy" with Lawrence ChanWatch the full trader interview at http://bettersystemtrader.com/204
BST #Shorts: Why traders shouldnt care about being right or wrong Better System Trader 2021-11-24 | "Why traders shouldn't care about being right or wrong" with Jason ShapiroWatch the full trader interview at http://bettersystemtrader.com/203
“Systematic Crypto Trading Strategies” – Adrian Reid Better System Trader 2021-11-23 | Adrian Reid from Enlightened Stock Trading joins us to discuss systematic crypto trading, including:• Why traders should consider the crypto markets right now,• The mistakes most traders make with crypto,• Choosing the best exchanges, data and software for crypto trading,• Why buy and old is a bad approach to crypto and what you should do instead,• The types of strategies that work in the crypto markets right now,• The 3 types of risk in the crypto space (and how to reduce them),• How to overcome limitations in crypto data, plus• Regime filters, optimization, stop losses, backtesting, robustness, auto trading, price behaviour and much more.► You can discover more from Adrian at enlightenedstocktrading.com*** Timestamps ***00:00 Introduction01:20 Trading background03:08 Why traders should consider the crypto markets right now04:52 The mistakes most crypto traders make08:03 Choosing the best crypto exchanges10:30 Crypto data and software for systematic trading14:33 Comparing crypto markets with stocks16:23 Optimization approach for crypto17:46 Sample size of trading daily bars19:00 Nuances of crypto trading21:11 Regimes in crypto markets22:45 Why strategies need to be nimble23:53 Trading 'pump and dump' in crypto25:25 Candle wicks and using stop losses27:54 Types of strategies that work in the crypto markets29:10 Using bitcoin as a regime filter31:40 Crypto futures 33:30 The 3 types of risk in the crypto space39:12 Filtering out the garbage crypto tokens42:08 Price behaviour exits and stop losses45:00 Intraday trading crypto46:07 Using Turtle trading systems48:20 Changing approach from stocks to crypto50:00 Shifts in market dynamics since 201651:30 Robustness of simple systems53:00 Development environment and execution55:15 How to discover more from Adrian🎓🎓🎓 MORE TRADING EDUCATION & CONTENT FROM BST 🎓🎓🎓► Better System Trader website: http://bettersystemtrader.com► The Empowered Traders Club: theempoweredtrader.com► Interviews With Pro Traders: interviewswithprotraders.com► 14-day Breakout Challenge: 14daybreakoutstrategychallenge.com► Breakout Strategy Masterclass: breakoutstrategiesmasterclass.com► Smashing False Breakouts: smashingfalsebreakouts.com► Trading Market Internals: tradingmarketinternals.com► DPS Trading Technique: dpstradingtechnique.com
BST #Shorts: Why traders shouldnt focus on entry signals Better System Trader 2021-11-19 | "Why traders shouldn't focus on entry signals" with Laurent BernutWatch the full trader interview at http://bettersystemtrader.com/177
BST #Shorts: How to build more stable trading strategies Better System Trader 2021-11-17 | "How to build more stable trading strategies" with Lawrence ChanWatch the full trader interview at http://bettersystemtrader.com/204
BST #Shorts: How to reduce noise and increase information content in charts Better System Trader 2021-11-15 | "How to reduce noise and increase information content in charts" with Stefan FriedrichowskiWatch the full trader interview at http://bettersystemtrader.com/178
BST #Shorts: What is the real purpose of backtesting? Better System Trader 2021-11-13 | "What is the real purpose of backtesting?" with Rob CarverWatch the full trader interview at http://bettersystemtrader.com/180
BST #Shorts: Why do so many traders lose money? Better System Trader 2021-11-12 | "Why do so many traders lose money?" with Jason ShapiroWatch the full trader interview at http://bettersystemtrader.com/203
BST #Shorts: Why you should let the market dictate the risk to you Better System Trader 2021-11-10 | "Why you should let the market dictate the risk to you" with Laurent BernutWatch the full trader interview at http://bettersystemtrader.com/177
“Simple trading strategies for consistent results.” – David Stendahl Better System Trader 2021-11-09 | David Stendahl from SignalTradingGroup joins us to discuss techniques traders can use to achieve more stable results, including:• Why it's good to understand a systems logic and will simple systems continue to work,• How to apply adaptive logic to simple systems,• Mistakes traders make using seasonals,• How "seasonal depth" can identify when a market is likely to make a big move,• Using environmental overlays to adjust position sizing,• Using VIX to switch strategies on/off,• Plus, we discuss which is better: diversification of systems or markets?► You can discover more from David at signaltradinggroup.com *** Timestamps ***00:00 Introduction to David trading background02:50 Research project testing complex strategies07:15 Example of simple trading strategies09:31 Will simple systems continue to work12:07 Why it's good to understand a systems logic17:45 How to apply adaptive logic to simple systems23:36 Assessing the results of strategy adaptability26:15 Robustness testing and checking for curvefitting29:40 Data used for adaptive overlays33:15 Mistakes traders make using seasonals35:05 Using multiple timeframes with seasonals41:10 How "seasonal depth" can identify when a market is likely to make a big move44:18 Normalizing for fund allocation48:28 Using VIX to switch strategies on/off50:30 Process from basic system to diversified portfolio of adaptive strategies55:21 Which is better: diversification of systems or markets?57:15 How to discover move from David🎓🎓🎓 MORE TRADING EDUCATION & CONTENT FROM BST 🎓🎓🎓► Better System Trader website: http://bettersystemtrader.com► The Empowered Traders Club: theempoweredtrader.com► Interviews With Pro Traders: interviewswithprotraders.com► 14-day Breakout Challenge: 14daybreakoutstrategychallenge.com► Breakout Strategy Masterclass: breakoutstrategiesmasterclass.com► Smashing False Breakouts: smashingfalsebreakouts.com► Trading Market Internals: tradingmarketinternals.com► DPS Trading Technique: dpstradingtechnique.com
BST #Shorts: Why price action is more reliable than indicators Better System Trader 2021-11-05 | "Why price action is more reliable than indicators" with Larry TentarelliWatch the full trader interview at http://bettersystemtrader.com/202
BST #Shorts: How to select the best cryptos for trading? Better System Trader 2021-11-03 | "How to select the best cryptos for trading?" with Brian BlandinWatch the full trader interview at http://bettersystemtrader.com/199
BST #Shorts: The best strategies to trade in noisy markets Better System Trader 2021-11-01 | "The best strategies to trade in noisy markets" with Martyn TinsleyWatch the full trader interview at http://bettersystemtrader.com/200
BST #Shorts: How to improve your trading massively Better System Trader 2021-10-29 | "How to improve your trading massively" with Mandi Pour RafsendjaniWatch the full trader interview at http://bettersystemtrader.com/190
BST #Shorts: Whats wrong with momentum trading Better System Trader 2021-10-27 | "What's "wrong" with momentum trading" with Dave LundgrenWatch the full trader interview at http://bettersystemtrader.com/194
“How to leverage market biases to improve strategy performance” – Lawrence Chan Better System Trader 2021-10-26 | Lawrence Chan from DayTradingBias joins us to discuss market bias and how to leverage structural bias to increase strategy performance, including:• "Atomic strategies" and knowing when to NOT trade,• The most toxic period to backtest a strategy,• Why market behaviours are becoming so predictable,• How some trading platforms are taking traders down the wrong path,• Exploring biases caused by recurring events,• Why traders should think in concepts first,• Plus, leverage and volatility breakouts, chart patterns, simple tools, knowing the behaviours of market participants, human psyche, market internals and much more.► You can discover more from Lawrence at daytradingbias.com *** Timestamps ***00:00 Introduction to Lawrence and how he got started in trading04:20 Why market behaviour changes over time07:13 Impacts of retail participation on markets09:00 "Atomic strategies" and knowing when to NOT trade12:15 The most toxic period to backtest a strategy12:37 How to build more stable trading strategies13:45 Market classification techniques14:54 Exploring biases caused by recurring events18:30 Objectives of market participants that cause patterns22:40 Why market behaviours are becoming so predictable25:50 How some trading platforms are taking traders down the wrong path29:10 Starting with simple trading tools and ideas31:52 Should algo traders look at charts?34:06 Leverage and volatility breakouts37:05 Losing motivation to work on a strategy40:00 Why traders should think in concepts first, then on numbers43:15 Trading during news events45:00 Strategy ideas from chart reading and concepts47:50 Why traders should read books about human psyche first51:00 Using market internals to define market context52:50 How to discover more from Lawrence🎓🎓🎓 MORE TRADING EDUCATION & CONTENT FROM BST 🎓🎓🎓► Better System Trader website: http://bettersystemtrader.com► The Empowered Traders Club: theempoweredtrader.com► Interviews With Pro Traders: interviewswithprotraders.com► 14-day Breakout Challenge: 14daybreakoutstrategychallenge.com► Breakout Strategy Masterclass: breakoutstrategiesmasterclass.com► Smashing False Breakouts: smashingfalsebreakouts.com► Trading Market Internals: tradingmarketinternals.com► DPS Trading Technique: dpstradingtechnique.com
BST #Shorts: Algo trading vs investing in the S&P 500 index? Better System Trader 2021-10-25 | "Algo trading vs investing in the S&P 500 index?" with Cesar AlvarezWatch the full trader interview at http://bettersystemtrader.com/195
BST #Shorts: How much money can part-time traders realistically expect to make? Better System Trader 2021-10-22 | "What can part-time traders realistically expect to make?" with Kris LongmoreWatch the full trader interview at http://bettersystemtrader.com/201
BST #Shorts: Are complicated trading strategies better than simple ones? Better System Trader 2021-10-20 | "Are complicated trading strategies better than simple ones?" with Rob CarverWatch the full trader interview at http://bettersystemtrader.com/180
“Going against the crowd - a contrarian trading approach to more profits.” – Jason Shapiro Better System Trader 2021-10-19 | Jason Shapiro from Crowded Market Report discusses a contrarian approach to trading profits, including:• Why contrarian trading makes sense,• How to identify crowded trades and why price is not a good contrarian signal,• What the markets really are and why traders don’t understand it,• Risk management for contrarian trades,• Why traders shouldn't care about being right or wrong,• Plus, COT report, hedgers and speculators, fading the “experts”, trading through news events and much more.► You can discover more from Jason at crowdedmarketreport.com*** Timestamps ***00:00 Introduction02:35 Trading markets/styles now03:43 Why contrarian trading makes sense09:45 Why price is not a good contrarian signal12:04 How to identify crowded trades16:48 Risk management for contrarian trades18:05 COT report, hedgers and speculators19:16 Patience and discipline in trading23:15 Why most traders don't understand what the markets really are28:18 Systematic way to gauge sentiment31:28 Identifying correlated markets33:55 Why traders shouldn't care about being right or wrong36:29 Trading through news events39:00 Crowded trades in the market today and fading the experts45:36 How to discover more from Jason🎓🎓🎓 MORE TRADING EDUCATION & CONTENT FROM BST 🎓🎓🎓► Better System Trader website: http://bettersystemtrader.com► The Empowered Traders Club: theempoweredtrader.com► Interviews With Pro Traders: interviewswithprotraders.com► 14-day Breakout Challenge: 14daybreakoutstrategychallenge.com► Breakout Strategy Masterclass: breakoutstrategiesmasterclass.com► Smashing False Breakouts: smashingfalsebreakouts.com► Trading Market Internals: tradingmarketinternals.com► DPS Trading Technique: dpstradingtechnique.com
BST #Shorts: What drives different levels of success in trading models? Better System Trader 2021-10-18 | "What drives different levels of success in trading models?" with Curtis WhiteWatch the full trader interview at http://bettersystemtrader.com/198
BST #Shorts: The backtest cycle of doom and why backtesting is not research Better System Trader 2021-10-15 | "The backtest cycle of doom and why backtesting is not research" with Kris LongmoreWatch the full trader interview at http://bettersystemtrader.com/201
BST #Shorts: Why you should test trading filters individually Better System Trader 2021-10-13 | "Why you should test trading filters individually" with Jeff SwansonWatch the full trader interview at http://bettersystemtrader.com/196
BST #Shorts: How risk of ruin can tell you when to stop trading Better System Trader 2021-10-11 | "How risk of ruin can tell you when to stop trading" with Brent PenfoldWatch the full trader interview at http://bettersystemtrader.com/002
BST #Shorts: The correct way to use indicators Better System Trader 2021-10-08 | "The correct way to use indicators" with Martyn TinsleyWatch the full trader interview at http://bettersystemtrader.com/200
BST #Shorts: Biggest Lesson Learnt in Trading - Nitesh Khandelwal Better System Trader 2021-10-06 | "Biggest Lesson Learnt in Trading - Nitesh Khandelwal" with Nitesh KhandelwalWatch the full trader interview at http://bettersystemtrader.com/047
BST #Shorts: When to start trading a strategy live Better System Trader 2021-10-05 | "When to start trading a strategy live" with David BeanWatch the full trader interview at http://bettersystemtrader.com/189
