" Short term volatility is greatest at turning points and diminishes as a trend becomes established " the key to understanding volatility and mean reversion . Loving this thus far , ive watched/listened to Nick live and online many times and 30 mins in he has used almost no anecdotes and given great info , new respect for nick here . Hehe spoke too soon , traffic anecdote
Legend. One of the most down-to-earth traders out there. No BS, just simple strategies with real edge and consistent profits. That's proper trading and investing in a nutshell. You can build on that, but focusing on anything beyond that at the expense of those things is missing the point
Being totally honest here i thought Nick would not be as good as some of the others and i was fully wrong . Best by a country mile thus far , kudos nick
At point 17:13 in the video Nick says (ref the RSI indicator) "The more people know about them the less likely they are going to work". Previosuly published Peppestone training videos disagree with this theory, as they have said that the more people use an indicator the more likely they are to work - as there is a herd mentality in the trade. I tend to agree with the latter as its the herd that drives the price.
It’s the former actually. If everybody trades off the same indicator the signal value diminishes and you get false signals. Otherwise the whole world would have zeroed in on one perfect trade. The herd mentality applies to volume not direction. If many people observe a significant level/price/indicator, they will likely participate, hence why you get a lot of frantic activity around so called ‘key’ levels, because everybody is watching the same thing. That doesn’t mean the indicator is correct.
screen for 100 day high look for 100 period w%r based of high at 0 , super easy stuff to screen for . Just giving some info for rookies to use if thats cool
Thank you for tuning in. You can visit Nick's websites here:
www.thechartist.com.au/
www.tradelongterm.com/
nickradge.com/
" Short term volatility is greatest at turning points and diminishes as a trend becomes established " the key to understanding volatility and mean reversion . Loving this thus far , ive watched/listened to Nick live and online many times and 30 mins in he has used almost no anecdotes and given great info , new respect for nick here . Hehe spoke too soon , traffic anecdote
Legend. One of the most down-to-earth traders out there. No BS, just simple strategies with real edge and consistent profits. That's proper trading and investing in a nutshell. You can build on that, but focusing on anything beyond that at the expense of those things is missing the point
Being totally honest here i thought Nick would not be as good as some of the others and i was fully wrong . Best by a country mile thus far , kudos nick
Nick tells it how it, no BS… he’ll help people build robust systems - one of the best
Nick the best easy, simple and priceless
Thanks guys. Nick is great.
Hi C W,
We are glad to hear that you have enjoyed the session!
Pepperstone Support
At point 17:13 in the video Nick says (ref the RSI indicator) "The more people know about them the less likely they are going to work". Previosuly published Peppestone training videos disagree with this theory, as they have said that the more people use an indicator the more likely they are to work - as there is a herd mentality in the trade. I tend to agree with the latter as its the herd that drives the price.
It’s the former actually. If everybody trades off the same indicator the signal value diminishes and you get false signals. Otherwise the whole world would have zeroed in on one perfect trade. The herd mentality applies to volume not direction. If many people observe a significant level/price/indicator, they will likely participate, hence why you get a lot of frantic activity around so called ‘key’ levels, because everybody is watching the same thing. That doesn’t mean the indicator is correct.
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screen for 100 day high look for 100 period w%r based of high at 0 , super easy stuff to screen for . Just giving some info for rookies to use if thats cool
Nick mentions he's paying 30c per US trade... which broker is he using for that please?
Damn missed it live , would have liked to ask some questions . 1 minute in but i know nick is the king of anecdotes . not a fan of them
Maybe hit him up on Twitter and let him know