Using technical indicators like moving averages, RSI, stochastics, bollingerbands, etc, are by their very design a lagging indicator. Technical indicators focus exclusively on past price action. It looks at what happened to a markets price in the past and uses that history to predict future movements while ignoring the factors that drive those price moves. It’s like driving a car by only looking in the rearview mirror. No matter how hard you stare at what just happened, you’ll get no clues about what’s to come.

The biggest problems with technical indicators:

• they are based on mathematical equations and the right parameters(input values) are never static but constantly changing.
• Technical indicators lag price.
• Technical indicators are not reliable on their own, so they are more subjective.
• Not universal- no one indicator(same input values) works in all markets.
• All of these indicators are “Curve Fitted” to past price behavior.

Behavioral Patterns are based on the premise that human behavior, on a mass scale, can be predictable under certain conditions with a high degree of accuracy.

Using a process called predictive modeling or predictive analytics, we have identified specific price patterns that precede future outcomes. The goal of predictive modeling is to answer this question: “Based on known past behavior(“Behavioral Patterns”), what is most likely to happen in the future?

Advantages of Behavioral Patterns:

• No lag time.
• Works in all markets and conditions.
• Non-subjective.
• Can be reliably quantified(measured) through  historical testing.

The strongest advantage of using Behavioral Patterns are their universal use.

Unlike traditional technical indicators that have adjustable input values, Behavioral Patterns have no inputs and can be applies to any freely traded market and any time-frame. Plus, they are easy to quantify(measure) with any historical data.

Any platform that provides the ability to display price charts in different time-frame, will work(most all do).

I prefer to use and trade through Nadex(North American Derivatives Exchange)

On days that the U.S. markets are open, our live trading room is open Sunday nights from 8:00pm–10:00pm EST, Monday-Thursday 9:00am–4:00pm & 8:00pm – 10:00pm EST. Friday’s from 9:00am–4:00pm EST.

Never trade with real money until you can demonstrate in a simulator or demo account that you can trade profitably over an extended period of time. This depends on many factors, and is different for each trader.

The minimum capital to start trading with, will once again, be based on your experience and risk tolerance. Using a trade simulator or demo account, will give you a better idea for your starting capital.

As a general rule, I wouldn’t start any live trading with less than $1000.00 for options and $5000 for stocks & commodities.  Remember, drawdowns or losses are a part of this business and all professional have them. How you control them, depends on your own trading skills and experience.

Yes, you can use these Behavioral Patterns with your prefered time-frame. Day-traders, Swing traders and Position traders can all benefit using these patterns. But, remember, these Patterns are based on human behavior during specific events, so the shorter the predicted outcome, the more accurate is the prediction.

Our Setup Patterns work with all time-frames from 5 minutes to Daily Setups.

Our customer support team is available to assist you at : support@innovativetradingstrategies.com

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