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Putting It All Together - Your Financial Freedom

Hello again.

We're delighted to welcome you back to the Hurst Cycles Trading Academy. It's where traders learn to profit from Hurst Cycles in the markets.

In this video, watch and listen to David Hickson "Putting It All Together". You will:-

  • Hear some thoughts about personalizing your own trading plan
  • Watch a "walk through" of a Lottery Trade and then...
  • Watch a Risk Reduction Trade.

And finally, what next?

There are three things that you need for trading success using Hurst Cycles.

  1. Good tool to analyze the markets - Sentient Trader software
  2. Good information to make trading decisions - FLD Trading Strategy
  3. Understanding of how to use the tool and the information - FLD Trading Strategy Training Course.

You can buy all these online as a Bundle, either here in the Trading Academy or at our Sentient Trader website.


Get started today and begin your journey to financial freedom.

Buy your Sentient Trader software & FLD Trading Strategy Training Course as a Bundle and you'll save about US$300 off the price of the training course.

 

Leave your questions or comments down below. We promise we'll get back to you as soon as possible. (The Academy is staffed in during normal office hours, Central European Time).

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12 Comments

Hi David, I just wanted to say thank you for the videos and the very helpful addition to the Sentient Trader offerings, it gives a real focus to the practicalities of trading with Hurst. The emphasis you place on risk managment is extremely important as the performance of even a mediocre strategy can be improved with its proper application. With regard to the video I had a question about the identification of T2 on the trade. I understand that this target is equal to the distance from the previous trough (and your stoploss) to the FLD which is based on Hursts cyclic principle that the move from a trough of the cycle on which the FLD is based to the point where price crosses the FLD should equal the distance moved on the other side of the FLD. In the video your stoploss is placed just below the trough of a 10 day cycle but the trade is based on the cross of a 20 day FLD. To get a plausible T2 target shouldn’t the trough used be that of the 20 day cycle? Thanks again David.

  • staff

    Hi Mark. Yes you are absolutely correct in the way you are calculating T2, but there is a complication when it comes to C category (and H category) trades. Because they are trades that follow a period of price tracking along the FLD, the target that is calculated using the usual method is almost always inadequate, and so what we do if this is the case is go back to the previous visually prominent trough (very often a trough of the 10 day cycle as you point out) and use that for the Initial Stoploss and for the target calculation. In fact there is a Hurst motivation for this – the C trade follows what he called the mid-channel pause. I was going to explain this in the video, but I’m under strict instructions to keep it brief and to the point! (Which doesn’t seem to come naturally to me)

Thank you, David. Is the expected interaction at the end of the video a category A instead of a category G simply because of the upcomming nest of lows, or was it possible to see the category G and H interactions occurring already? I am trying to compare against your trade exits video, where there was a category G interaction on Nasdaq even though it seemed to also have a nest of lows at the time. Thank you again.

  • staff

    I identified that as a category A trade for several reasons, one of which was the nest-of-lows. But as you point out the Nasdaq also had a nest of lows and it was a category G. One uses several things to correctly identfiy the category, including the underlying trend, the expected shape of the cycle, the number of bars since the previous trough, and how that relates to the current wavelength of the cycle, and what other related markets are doing. The forex markets at this time were looking more bullish than the stock markets. Identifying the category correctly is the discretionary aspect of the strategy, and takes some practise to get right. I still don’t always get it right, but practise makes (nearly) perfect!

David, the work gets better and better….this is a a great direction to take.
Working intraday, using the methodology, the cycles are more accurately defined and so since the fld is based on the cycle length, would it be better to trade the 20 day cycle on the 60 min chart assuming the 5 levels of trend above can be gotten from the daily or should one just use the daily chart?

  • staff

    Hi Stuart – the answer to this is very interesting: sometimes one achieves much more accurate entries by using an intraday chart, but there is a serious problem which prevents us from doing it all the time. That problem is that the FLD is of course price displaced from half the cycle wavelength ago. On a daily chart weekends are simply extrapolated data between the Friday and Monday prices, but on an intraday chart ST generates dummy data (which it has to do to enable intraday analysis with big gaps over weekends), and so on an intraday chart the longer FLD’s will echo that dummy data half the cycle wavelength later. Entering a trade at the level of that dummy data (when half the wavelength ago was over a weekend) is a really bad idea. Dummy data in = Dummy trades out! This is one of the reasons why applying the FLD Trading Strategy to intraday cycles is more complex than simply changing the FLD you are trading. I often keep an eye on the intraday chart, but trade off the daily chart.

Excellent – already used it to make a nice profit on crude oil – thank you very much. There are a lot of people out there who charge a lot of money for a strategy like this.

  • staff

    Hi Raj. I’m delighted to hear you’re making profits. I enjoy trading crude oil because the cycle moves are usually very clear.

Thanks for all this David. This video cleared up a subtlety I must have missed before- entry requires both a break of the FLD AND the high of the previous bar (is it just the immediately previous bar?)… I was a little confused on that before based on the charts you had shown with the entries on them in the other videos. Maybe you said it and it didn’t sink in!

Up until now, I was thinking you’d rather mechanically look for trades Long at A/C/E, and short at D/F/H (assuming you can get a good entry at C/H. Do you try to take these in any other fashion if price doesn’t actually get below the FLD before continuing?), yet here you skip the D trade due to the longer cycles that are more than 2 above the trading cycle. So it appears you take in to consideration the underlying trend of the full pattern 3-4 cycles above the trading cycle in order to dictate which ones you will actually enter?

In other words, if the 80 day underlying trend is neutral, you’d look for trades as above, but if it is up you’d skip D, down you’d skip E… etc…?

  • Gotcha. Looking forward to learning more and elaboration on the cycle shapes with respect to such analysis in the course. Is there any ETA yet on when ninjatrader will be usable for trade execution through the trader version of ST?

  • staff

    Hello Daniel. We already have full integration of Click To Trade into MetaTrader 4. Which platform next? That sounds like an obvious question to ask in the end of course survey. We don’t have an ETA yet, but thanks for asking the question.

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