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Webinar: Trading within context (the art-form to trading) w/Brannigan Barrett
I thought it was a good presentation with nice slides. Evaluating context is what gives the discretionary trader an edge over algorithms. He said about everything he could say within the time constraint. I am always using context to try to determine whether there is a trend, a trading range, or a trend leg in a trading range. I find this key to making accurate decisions.
Trading: Futures, spot FX, Energy Spreads Prop Firm
Posts: 61 since Jun 2011
Thanks Given: 16
Thanks Received: 61
Just to throw in some balance I was surprised when he said he started mentoring after trading for one year and not yet being profitable. Personally I don't like the sound of that. Also now he has been trading for 7 years I don't think that is long enough to be able to mentor someone particularly as you wont have even seen a full market cycle in that time frame.
On a side note the prop firm he worked at 'Futex' has gone into liquidation after one of the traders got an injunction against it. He tried to withdraw some money and got the injunction when they didn't pay.
I have a very poor track record of fast & initial valuation of trading mentors / educators / trader peers.
I dismissed good resources and trusted bad peoples.
This is only discovered in hindsight.
In all cases I thought I applied some sort of critical initial judgement.
My ability has not improved and I think it is not possible to judge anyone in the trading world via some heuristics. (like years of experience, high-pressure-ego-type, soft sell type, business background, ... )
You have to test the ideas shared yourself.
It is the only way.
It is time intensive.
----------------------------
So now about this webinar:
From my own trading experience,
I can confirm the value of this webinar and the ideas shared.
I enjoyed it very much and currently watching it for the 3th time.
... I upgrade my rating to very valuable and professional advice
Amazing webinar on a very important topic and a good addition to Linda Raschke's BMT webinar about context. However, In my opinion it was too compressed. It is more or less clear with 'trend' and 'trade location' but I personally couldn't clearly understand how he defines other contextual parameters and more importantly how he uses them in his trading. It would be great if he does 1 or more follow-up webinars with examples from his intraday trading.