Friday, July 30, 2010

Keltner Channel = Voo Doo

I spent the day with a Keltner Channel Trader today. A relative (by marriage of course) who just had to show me how to get 2 points a day with a 70% win average.


And this is what his two trades looked like.

Trade #1 was a counter-trend short and by-golly he got two points!

Trade #2 was a buy after the trend changed to sell and ended up a scratch.

At the open, while we were getting perfect, cross-confirmed buy signals right out of the gate, he had me trying to load keltner bands on my charts.

I had just resigned myself to wasting the day before he got here so I wasn't stressed. In fact it was almost entertaining.

How many years has he been trading?

Only 12.

VOO DOO!

No comments:

Post a Comment