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Kevin M. O'Brien
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Options trader full-time, author, owner of www.kevinmobrien.com, a subscription-based service. Born in Chicago. Follow many stocks in the tech, financial, and agricultural sectors. Trade daily with a 5 Technical Indicator Strategy I developed. Also trade debit spreads, strangles, and also hold... More
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Kevin M. O'Brien
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Breakthrough: A Consistent Daily Options Trading Strategy For Volatile Stocks
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  • napoleondynamitey
    , contributor
    Comments (94) | Send Message
     
    Kevin-- can you explain specifically in much greater detail your reasoning behind the following quote below from your ebook on your daily options strategy? Within Part 2 regarding chart settings... you state:

     

    "I always use a 'line' chart instead of a candle chart. The reasoning behind this is that the line chart will be more clear and definitive as to where the security is trading at in relation to the Bollinger Bands. The candlestick may look like it has reached the top or bottom of the Bollinger Band when it has not because of the 'wick' pattern."

     

    I find this extremely interesting indeed... almost to the point of fascination...

     

    Ideally... since a picture is worth a thousand words as the saying goes-- a visual example of the same stock depicted in both types of charts to illustrate your thesis would be extremely helpful... a simple screenshot program like tinygrab that will allow you to post a URL containing the visual comparison would be great.

     

    In your reply-- please also explain the nature and essence of the information that a line chart provides vs. what a candlestick chart provides, and the actual mechanics behind what visually is seen as trading unfolds in real time with both types of charts... since many of your readers are novice traders and it would not be prudent to presume they have background knowledge in this area.

     

    Thanks in advance.
    3 Apr 2013, 12:35 AM Reply Like
  • napoleondynamitey
    , contributor
    Comments (94) | Send Message
     
    Kevin-- still also waiting for you to adress this post!

     

    You certainly didnt do it with any of your replies today so far...

     

    Why is this?
    6 Apr 2013, 07:44 PM Reply Like
  • mightyducky
    , contributor
    Comments (13) | Send Message
     
    I love Bollinger Bands because based on 2 std deviations -- the same concept as a bell curve distribution is conveyed-- in this case -- approximately 96% of price distribution should fall within the bands... so when price exceeds an outer band it is considered "extreme" and outside of normal price distribution.

     

    With that said-- I previewed your new book on Bollingers and am confused based on your chart examples-- as your charts do not provide a true visual representation of every 2 minute time period where price traded outside of normal price distribution...

     

    Can you please explain why you would leave out such an important aspect of being able to see without uncertainty every single 2 minute time period where price hit the extremeties?
    3 Apr 2013, 01:12 AM Reply Like
  • napoleondynamitey
    , contributor
    Comments (94) | Send Message
     
    What about a reply here?
    6 Apr 2013, 07:45 PM Reply Like
  • humahumaopuopa
    , contributor
    Comments (23) | Send Message
     
    Kevin why do you use an sma bollinger vs an ema... if this is a "day trading" strategy? Since an ema gives more weight to current price than an sma (the reaction time is much slower on an sma and therefore delayed) it seems to me you are setting yourself up for lower chances of success by combining a tool that was designed by nature for longer term trading with a short term trading strategy
    designed to profit from short term price movement. Now I realize the timeframe is short that you are working within... but this is irrelevant as moving averages do not deviate regardless of timeframe.
    3 Apr 2013, 07:46 AM Reply Like
  • napoleondynamitey
    , contributor
    Comments (94) | Send Message
     
    What about a reply here?

     

    Kevin-- over and over you continue to prove you ignore anyone who posts critique....

     

    Sooner a later a proponent will show up here...and no doubt you will be a cordial as can be...

     

    Why cant u simply reply objectively with critique? Defend your position objectively!
    6 Apr 2013, 07:47 PM Reply Like
  • napoleondynamitey
    , contributor
    Comments (94) | Send Message
     
    Kevin... can you tell me what price did in CRM today between 12:00-12:02 EST relative to your 2 minute chart with bollinger bands? A simple yes or no will suffice-- did price pierce the band? Yes or no?
    3 Apr 2013, 08:45 PM Reply Like
  • napoleondynamitey
    , contributor
    Comments (94) | Send Message
     
    Kevin-- after you respond Yes or No.. can you then expand on exactly how you were able to determine the answer? Thanks.
    3 Apr 2013, 08:46 PM Reply Like
  • napoleondynamitey
    , contributor
    Comments (94) | Send Message
     
    Yet another post ignored.

     

    Kevin-- Ill make you a deal-- disregard all my other posts from prior today...

     

    Just respond regarding GOOG.

     

    There- Im doin u a big favor-- we dont want u overwhelmed with too much work here.

     

    Get to GOOG-- thats all.

     

    Your failure to respond to all the other questions speaks for itself. Time to move on.
    6 Apr 2013, 07:51 PM Reply Like
  • napoleondynamitey
    , contributor
    Comments (94) | Send Message
     
    Kevin-- one final question--please refer to CF today.

     

    Can you tell me on the 2 minute candle from 9:32-9:34 EST... if there was a significant pierce of the bollinger band on your chart? Please be aware- I am specifically NOT ASKING about the opening 2 minutes of the regular session... nor am I NOT ASKING about the period of 9:34-9:36 EST. Please respond with what exactly happened relative to the bollinger bands-- and explain in detail at how you arrived with your answer.

     

    Thanks.
    3 Apr 2013, 08:55 PM Reply Like
  • googleaficionado
    , contributor
    Comments (8) | Send Message
     
    I don't follow CF-- however I can tell you GOOG is notorious for spiking outside of bands often... I like to keep them on 5 minute charts and daily charts.. often times with japanese sticks there are "wicks" or "tails" that are powerful indications that price is reversing (for instance after a big drop in price buyers stepped in). It's my understanding that line charts are also known as LINE ON CLOSE... so there is no such thing as a "wick" or "tail".

     

    So Kevin does not use candlesticks? Has he explained anywhere exactly why? For me-- knowing the entier range of price movement is crucial.
    5 Apr 2013, 07:07 PM Reply Like
  • Kevin M. O'Brien
    , contributor
    Comments (1800) | Send Message
     
    Author’s reply » Thanks for your response. I do not like to use candlesticks when I am live trading for various reasons: first, they can make a chart look better than it really is because of the wick. I am looking for precise action on the BB, wanting it to clearly show a break above or below the bands. The candle charts can skew that look. On longer-term trades, I love candle charts.
    6 Apr 2013, 12:09 PM Reply Like
  • napoleondynamitey
    , contributor
    Comments (94) | Send Message
     
    Kevin the content of your post above is beyond absurd and once and for all clearly proves you do not know what you are talking about and are definitively providing erroneous information.

     

    Would you care for me to provide you with unequivocal proof that you are wrong... and that the wick in no way... shape.. or form "can skew that look" of price showing "a break above or below the bands"?

     

    You obviously do not understand how the algorithmic formula for a 12 period sma bollinger band study computes the calculations that result in the visual band formation... as well as the corresponding overlay of price in the form of candlesticks and line on close... do you?

     

    How about taking a look at GOOG yesterday... Friday 4/5/2013... at precisely the 10:30 - 10:32 EST 2 minute period on your line chart with bollingers. Can you please tell me what you see?

     

    I have a complete image of both a candlestick chart and a line chart showing all pertinent information-- including data windows that provide all price information relative to outer bands... opening and closing prices.. and the entire range of price movement within that 2 minute period for both chart types.

     

    I would however like you first to tell us all what exactly happened to see if you even know how to interpret your line chart... and then I will provide complete empirical proof of your errors as well as prove that ironically--for the exact reasons that you claim candlestick charts are faulty--are in fact the exact true reasons why YOUR LINE CHARTS ARE ACTUALLY THE FAULTY DESIGN for the purposes of your strategy.

     

    Don't make excuses on why you can't do this. The time is now for you to come clean.
    6 Apr 2013, 04:09 PM Reply Like
  • blackisberry1
    , contributor
    Comments (12) | Send Message
     
    Hello Kevin,

     

    I have followed the ongoing feud between you and your detractors for some time. Frankly I must say... I cannot think of another marketeer on the internet who comes across as evasive, argumentative, and outright rude and offensive as you.

     

    With that aside- I use bollinger bands with candlesticks religiously.. and the honest cold hard truth is your statement above does not make any sense whatsoever.

     

    A wick simply represents the range of price above and below the open and close of the interval... and therefore gives the most accurate representation of price movement within a particular timeframe... because of this it in no way can make the chart look better than it is... on the contrary--it does the opposite by displaying the aggregate of price movement. If anything.. a line chart based on the close is extremely deceiving... and in reality leaves out significant visual data that represents all price movement... so your comment is factually incorrect.
    9 Apr 2013, 08:08 AM Reply Like
  • blackisberry1
    , contributor
    Comments (12) | Send Message
     
    that is correct napoleon, regardless of the charting method for overlaying price-- the corresponding study does not change. So in other words-- bollinger bands will have the exact same shape whether you use a line chart.. a candlestick chart...or an OHLC bar.... since the bollinger band study is based on all price movement within the interval period. So no skew whatsoever.

     

    Now here is something that definitely will skew the bollinger bands: having premarket and post market data on your charts. It is always best to turn this off during normal session hours-- because you will see skew since it is taking into account any price movement outside of normal trading hours-- and since volume is typically poor- it does not provide a clear picture of the distribution of price.
    9 Apr 2013, 08:18 AM Reply Like
  • Kevin M. O'Brien
    , contributor
    Comments (1800) | Send Message
     
    Author’s reply » Jealousy always breeds contempt, ain't that so? Nice trade Thursday on GOOG, around 10:30 am est. I'm sure the naysayers never even looked at it. Comical.
    6 Apr 2013, 12:03 PM Reply Like
  • napoleondynamitey
    , contributor
    Comments (94) | Send Message
     
    Kevin what will actually be comical is either your initial response to my post above... or the subsequent rebuttal with proof of your ignorance that will leave you speechless.
    6 Apr 2013, 04:28 PM Reply Like
  • napoleondynamitey
    , contributor
    Comments (94) | Send Message
     
    I'm not sure what you are referring to... but please stop digressing and get to the point at hand. You at this point have provided nothing in terms of why line charts are used vs candlestick charts.. since your response is in gross error.
    6 Apr 2013, 04:29 PM Reply Like
  • Kevin M. O'Brien
    , contributor
    Comments (1800) | Send Message
     
    Author’s reply » Lovely.
    6 Apr 2013, 05:09 PM Reply Like
  • napoleondynamitey
    , contributor
    Comments (94) | Send Message
     
    ???

     

    "Lovely"???

     

    You have been given a specific scenario in GOOG to address-- yet rather than provide an on topic response -- you choose to provide sarcasm on this thread... and a few posts on your other thread hurling insults at Klaiman..???

     

    You do realize you are following your typical pattern once again?

     

    Can you FOR ONCE come to grips with the subjectivity issues you have and instead address the on topic issue at hand objectively? You really should provide some type of rebuttal... do you have any idea whatsoever the screenshot I will provide will show to disprove everything you said about line charts?
    6 Apr 2013, 07:13 PM Reply Like
  • napoleondynamitey
    , contributor
    Comments (94) | Send Message
     
    Readers-- please refer to the following link at the end of this post for a comparison of a candlestick chart versus a line on close chart in GOOG... specifically highlighting the 4/5/13 10:30-10:32 EST 2 minute period. I have plotted a red line in the period just prior to the actual time interval under discussion for reference. Here you will see GOOG reached a high of 784 during this period... which breached the outer band by $ .43. Due to a line on close chart's nature of plotting a point based on close.. you will see that price is depicted as actually being below the outerband by .29.

     

    Now Kevin has stated the following: " I do not like to use candlesticks when I am live trading for various reasons: first, they can make a chart look better than it really is because of the wick. I am looking for precise action on the BB, wanting it to clearly show a break above or below the bands. The candle charts can skew that look."

     

    Here you will plainly see that Kevin is completely wrong when he says that candle wick can "skew" the look. This is unequivocally false... as you will see from data windows from both charts as well as from visual appearance that the bollinger bands do not change in shape nor in price calculations. With the candle chart you have a recorded visual image of when price exceeds 2 Std deviation moves via a pierce of outer band... vs a line chart which unless your eyes are fixated indefinitely on the chart... you can easily completely miss when a pierce occurs. This is disadvantage for a number of reasons: 1) You can completely miss a signal. 2) You have no way of determining previous true support and resistance pivots looking to the left of your chart while you watch current price action. 3) Backtesting Kevin/s system becomes virtually impossible due to lack of visual price piercing at any point where price closed drastically away from the extreme. 4) You have no visual for identifying key profit and stop loss locations against a current trade for risk management and position sizing.

     

    Now Kevin has sent me an email stating that he can absolutely see where GOOG has pierced the band with a line chart. Can anyone explain to me how he can do this? Better yet:

     

    Kevin.. please provide a rebuttal.

     

    http://grab.by/lp8U
    10 Apr 2013, 11:30 AM Reply Like
  • napoleondynamitey
    , contributor
    Comments (94) | Send Message
     
    Incidentally-- Kevin is providing some very interesting banter right now via private email to me... when he is officially done I will provide a screenshot of that as well.

     

    For some reason he has time to do that... yet not address any posts that contain critique on these threads.... Hmmm....?
    10 Apr 2013, 12:06 PM Reply Like
  • napoleondynamitey
    , contributor
    Comments (94) | Send Message
     
    So once again-- Kevin has nothing to say to the objective critique above.

     

    Does anyone see anything wrong with this... anything whatsoever?

     

    And this doesn't even begin to scratch the surface on Kevin's lack of risk management in his system.

     

    But new readers- before even that is taken into consideration.. why in the world would you ever choose to follow a system that uses a tool that provides such incomplete information as a line chart???

     

    You immediately set yourselves up for failure from the get go!

     

    Incidentally-- this is about the time that damage control usually will start to occur for Kevin.. be on the lookout for some new posters to come out of the woodwork in defense of Kevin's system.
    10 Apr 2013, 12:29 PM Reply Like
  • Kevin M. O'Brien
    , contributor
    Comments (1800) | Send Message
     
    Author’s reply » Is this Napolean guy even rational... this is just the e-mails.

     

    Kevin M. O'Brien March 22 at 4:37pm
    You aren't too bright. Hope you don't have children.

     

    napoleondynamitey April 9 at 6:07am
    Kevin... can you please respond to the GOOG question I posed? Friday April 5th 2013... between 10:30-10:32 EST--- what did price do relative to the 2 minute 12 period sma Bolllinger Bands?

     

    In addition-- there are numerous posts you have yet to address-- can you please respond asap?

     

    Be careful how you respond-- if you reply with anything derogatory whatsoever-- it will be immediately posted via tinygrab screenshot with a URL for all readers to see.

     

    Just be objective and there won't be any issues Kevin.

     

    You are selling a new book on bollinger bands-- it's high time you act in a professional manner and provide rebuttal to your critics in defense of your thesis. If you can't do that-- then surely you can't expect anyone to purchase your wares.

     

    Kevin M. O'Brien April 9 at 1:38pm
    It has become difficult for me (and everyone else from the feedback I receive) to even try to find any comments that aren't some sort of attack of some nature that is relevant to trading, so I really don't even bother looking at it anymore because it is wasting everyone's time, not just myself. So, in some ways while you may think you are making a point, you are in fact drawing away comments and such. I can provide you with about a hundred e-mails mentioning that they don't bother to look anymore. Also, I would have been more than willing to answer your question, but like I said, it is hard to locate any comments from you where I don't have to scroll up and down the page endlessly for the same comments.

     

    What was your question on Google from last week?

     

    napoleondynamitey April 9 at 2:18pm
    Kevin it isn't difficult at all.

     

    Look at GOOG yesterday... Friday 4/5/2013... at precisely the 10:30 - 10:32 EST 2 minute period on your line chart with bollingers. Please tell me what you see.

     

    You are stating falsehood when you state candlestick wicks skew the chart... and I can prove it. In addition... I can prove that your line charts are misleading and leave out crucial data relative to price movement.

     

    So we can have the discussion here-- and I will then screen capture your response and post it on the thread w/ a URL... or you can be professionally transparent and respond to the thread.

     

    Either way I will prove you are providing misleading and erroneous information.

     

    If Im wrong and you're right-- well then you have nothing to worry about now...do you?

     

    Kevin M. O'Brien April 9 at 8:56pm
    Ok, I did not look at your comment on that, hence, I did not see it, which is why I asked you.

     

    Now, we all know your supposed "theory". Great. I know what works, or I wouldn't be doing this. However, i am not saying what you do doesn't work. Understand?

     

    What did I see on that GOOG chart, on 4/5? Are you kidding? I saw a trade that was obviously was going to work out in minutes, so I bought it. Also, yesterday was not Friday or 4/5/13. Please, post this wherever you want. One thing for you to consider is that when i am trading, I do not capture every single screen I see all day. That would kind of diminish my trading, agree. Especially on such time-sensitive trades such as these. In fact, if someone did wait, they wouldn't have gotten in it at all.

     

    What exactly is your "exact" theory, anyway. Not trying to be rude, just asking. You have been all over the place so much I really have no idea.

     

    By the way, Nice Apple trade today. You catch that one?

     

    Regards,

     

    Kevin

     

    Kevin M. O'Brien April 9 at 9:15pm
    Just wanted to share this e-mail with you I received tonight. I get a lot of these, and yeah, I am glad to see stories like this...

     

    "I started with 20,000$ in my account and in a little over a month I've built my account to 34,207.34. I'm a firm believer in your system!!!! It has brought me daily profits every time!!!"

     

    Again, this strategy is built on patience. Something a lot of traders cannot do, unfortunately.

     

    napoleondynamitey April 10 at 6:29am
    Kevin... listen to what I am asking you. Last Friday... April 5th... GOOG. Tell me on your line chart what you see between 10:30-10:32 EST. Backtesting... get it? Whether it is today... or we rewind time back to 4/5 at 10:33 EST... it will look exactly the same. So just tell me what you see.... and if there is a pierce of the bollinger band or not.

     

    napoleondynamitey April 10 at 6:30am
    Oh... and how about you forward me that email so I can ask the trader a couple questions. Anybody can type a quote.

     

    Kevin M. O'Brien April 10 at 6:44am
    Right, I, just to please you, write up a fake e-mail? Does that even sound rational? Then you wonder why I don't respond to you, even though I have the last 4 e-mails, as I said I would if you ever did e-mail me.

     

    In regards to your question, yes, the price action clearly broke the Bollinger Band-- WITHOUT QUESTION. What are you looking at not to see that?

     

    Trying to be cordial with you but it goes nowhere.

     

    napoleondynamitey April 10 at 8:18am
    Kevin-- it clearly does not pierce the bollinger band on a Line on Close chart.. you are dead wrong. How can you say it does? You visually have no representation of such a thing occurring. Which means if you glanced for a second past the point in real time where it spiked and then dropped.. you would have no clue that a pierce occurred. This is where line charts are faulty compared to candlesticks. I am posting the chart comparisons right now on the thread... please provide a rebuttal if you refute the obvious.

     

    This is a HUGE problem with line on close charting... and it is unfathomable why you choose to promote such an inferior method. It takes complete awareness of key resistance and support levels as well.

     

    Refute it? Then tell me why Im wrong. In the meantime- all will see the fact that there is NO SKEW WHATSOEVER WITH CANDLESTICKS.. YOU ARE PROVIDING ERRONEOUS INFO.

     

    Kevin M. O'Brien April 10 at 8:37am
    Are we talking about the same trade here? Because what I traded was one of the better set-ups i've seen in about two weeks.

     

    Kevin M. O'Brien April 10 at 8:38am
    Unfortunately, I did not save the trade on snippet as I wanted to get in the trade quickly.

     

    Kevin M. O'Brien April 10 at 8:43am
    Also, every single person on my Skype chat group got into that trade. But according to you, it was a bad trade that took a whopping 8 minutes to sell.

     

    napoleondynamitey April 10 at 8:43am
    Kevin please use some intellectual logic here.

     

    I gave you the SPECIFIC DAY AND TIME. All you have to do is go to your broker statement online and see what trade you did. I have no idea what you took and if we are talking about the same trade... and I don't care.. it is irrelevant to the discussion.

     

    I am talking about a specific chart example for solely the purpose of pointing out significant flaws in your charting thesis. The flaws are briefly outlined in my post. The screenshot is posted on the thread now.

     

    Please provide a rebuttal for all to see.

     

    napoleondynamitey April 10 at 8:45am
    "according to you, it was a bad trade that took a whooping 8 minutes to sell".

     

    What in the world are you talking about???? I never said anything was a bad trade-- where do you deduce this???

     

    This has nothing to do with a good trade or bad trade... do you comprende?

     

    napoleondynamitey April 10 at 8:51am
    Incidentally-- I have a plethora of other screenshots in various stocks that I can provide over and over proving that you are using the most faulty and misleading chart type imaginable... it is ludicrous that you promote such a trading strategy that would set the trader up for failure from the getgo.

     

    Kevin M. O'Brien April 10 at 8:56am
    Right, tell that to those who do great. You are a complete, in a cover of anonymity. Tell you what, write an article, a book, an Instablog, anything. Prove it. You won't, though. That is very obvious. Have a great day trading.

     

    napoleondynamitey April 10 at 8:56am
    And yes-- I do believe you will state anything and everything with no empirical proof whatsoever in an effort to promote yourself for monetary gain.

     

    If I am wrong-- all you have to do is either forward the so called emails or provide a screenshot with a URL via tinygrab to prove it.

     

    But you have been all about since inception stating grandiose claims but not ever backing anything up... whether it be live trades with detailed examples... or now these so called emails.

     

    Why is it so hard for you to back up your claims? If it isnt.. that prove it. Otherwise it is obvious there is another agenda here.

     

    Kevin M. O'Brien April 10 at 8:58am
    Even though I think you have some very serious issues that need to be worked out, I will still offer you to come to San Diego at my expense and teach you a thing or two on how to trade. What say you?

     

    napoleondynamitey April 10 at 8:59am
    "Right, tell that to those who do great." What??? LOL

     

    Where are they Kevin??? Where are the minions proving that on your threads???

     

    "Prove it"??? LOL... I just did on the thread... your charting system is faulty... and you provided erroneous information. I just proved you wrong... heeello....??? Am I wrong? Well then.... prove it.

     

    You can't.. plain and simple. And I am making it a point to make your unsuspecting readers aware that all is not what it appears with you.

     

    Kevin M. O'Brien April 10 at 9:04am
    They trade actually, a novelty to you. They don't have time to go back and forth with someone like you who obviously is a few fries short of a Happy Meal.

     

    napoleondynamitey April 10 at 9:04am
    I know how to trade Kevin.

     

    I already addressed your invite long ago. Readers have been awaiting your response to my post for months now. But of course you don't remember do you? Or you don't know what Im referring to... do you?

     

    You are a marketeer looking to profit by selling a website... an ebook.. and live training... you make grandiose claims about making 24% week after week.. turning 25k into 31k.... yet you refuse to prove what you claim is easy by posting live trades for a week.. a very simple task. Yet you refuse. Because you can't do it. I don't need to see that for myself in person... I already know it cant be done... because your system is flawed on so many levels as I have pointed out numerous times.

     

    Please reply once again... the readers will eventually see this entire thread.

     

    Kevin M. O'Brien April 10 at 9:07am
    Speaking of trading, your nonsense is making me miss trades. You are welcomed to continue, however.

     

    napoleondynamitey April 10 at 9:09am
    I have just notified the readers of your banter here...

     

    They are now aware that you seem to have time to reply over and over via private email with no substance whatsoever... yet so much as can't find the time or make the efffort to address your naysayers and posts filled with critique.

     

    I have informed your readers I will screenshot this thread for them to read... so be careful on the insutls like you just did.. it wont help your website or image.

     

    Kevin M. O'Brien April 10 at 9:09am
    No problem, I'll post your nonsense too. Have a great day.
    10 Apr 2013, 12:10 PM Reply Like
  • napoleondynamitey
    , contributor
    Comments (94) | Send Message
     
    Thanks Kevin.. within it readers will be able to see where once again you are evasive... insulting... claim to be confused... make yet another grandiose claim via an alleged "email"... and another San Diego training offer...

     

    Readers-- I have been passionate for some time about caution that must be taken when you have a marketeer such as Kevin Obrien looking to profit from selling three $ 10 ebooks... a $ 6000 live training course.. and now a $ 150/mth website. This is America... and the free enterprise system thrives.. nothing wrong with Kevin's concept whatsoever to look to profit in the greatest country in the world... however:

     

    There is something definitely wrong with someone who does this... then makes grandiose claims since inception here at Seeking Alpha... yet when questioned for proof or provided with critique-- refuses to respond and instead hurls insults... disappears for lengthy periods... and completely ignores all relevant topics to trading where further clarification is needed.

     

    The proof is in the pudding in the email chain.. he has yet to prove anything once again... and instead resorts to meaningless banter.

     

    Kevin-- prove me wrong.
    10 Apr 2013, 12:19 PM Reply Like
  • napoleondynamitey
    , contributor
    Comments (94) | Send Message
     
    Kevin... you don't understand my point eh? Here is a single paragraph... read slowly:

     

    Here you will plainly see that Kevin is completely wrong when he says that candle wick can "skew" the look. This is unequivocally false... as you will see from data windows from both charts as well as from visual appearance that the bollinger bands do not change in shape nor in price calculations. With the candle chart you have a recorded visual image of when price exceeds 2 Std deviation moves via a pierce of outer band... vs a line chart which unless your eyes are fixated indefinitely on the chart... you can easily completely miss when a pierce occurs. This is disadvantage for a number of reasons: 1) You can completely miss a signal. 2) You have no way of determining previous true support and resistance pivots looking to the left of your chart while you watch current price action. 3) Backtesting Kevin/s system becomes virtually impossible due to lack of visual price piercing at any point where price closed drastically away from the extreme. 4) You have no visual for identifying key profit and stop loss locations against a current trade for risk management and position sizing.
    10 Apr 2013, 12:48 PM Reply Like
  • napoleondynamitey
    , contributor
    Comments (94) | Send Message
     
    Here is the link again proving your line on chart thesis is the worst type of charting tool you could possibly use... just in case you missed it the first time.

     

    http://grab.by/lp8U
    10 Apr 2013, 12:49 PM Reply Like
  • napoleondynamitey
    , contributor
    Comments (94) | Send Message
     
    Readers- how many times have you seen this from Kevin?

     

    He claims to make 24% each week.. and can easily turn $ 25k in $ 31k.. yet he has been spending all his time promoting 3 $ 10 ebooks.. $ 6000 live trainings.. and now a $ 150/mth website.

     

    Why would he do this if he can make $ 6k each week trading?

     

    And why on earth does he NEVER respond to pointed questions on his methods... but rather instead would like to question whether someone trades or not... is that reaaaally why you are here readers-- to find out if I trade???
    10 Apr 2013, 12:53 PM Reply Like
  • QUIKTDR
    , contributor
    Comments (16) | Send Message
     
    I am intrigued by your approach. I have a few questions with regards to implementation.
    When price pierces BB either upper or lower do other 4 indicators have to cfm that immediately or can I enter x am't of bars after if all 4 indicators hit their points?

     

    Also if mkt direction is strong can I "cheat" ( allow a little room) on the numbers or are the rules absolute?
    Thank you for your contributions!
    10 Apr 2013, 01:17 PM Reply Like
  • gppackcheesehead
    , contributor
    Comments (17) | Send Message
     
    Quiktor it seems you are attempting an exercise in futility here...

     

    If you review some of the posts here... it is clear that Kevin has displayed some egregious ignorance when it comes to the application of bollinger bands and the type of charts that they should be used on for maximum effectiveness.

     

    I'm not sure really why you would continue to be so insistent and persistent in trying to get your questions answered when he cannot even address the issue of his error using line charts...

     

    The attached link provided in an earlier post says all.. and clearly proves that line charts are faulty.
    16 Apr 2013, 06:07 PM Reply Like
  • napoleondynamitey
    , contributor
    Comments (94) | Send Message
     
    I have been yet sent another personal attack email from Kevin... this time he called me a "little punk".

     

    Is this the type of professional behavior you would expect from someone marketing a website on trading? Certainly not....

     

    Again- the proof is in the pudding-- Kevin has followed the same pattern over and over and over... refuse to address key issues in his strategy... and instead resort to name calling and personal attacks.

     

    I challenge anyone to find another educational trading marketeer on the web that displays such character and behavior as Kevin Obrien.

     

    I don't bellieve it can be done.
    10 Apr 2013, 05:11 PM Reply Like
  • QUIKTDR
    , contributor
    Comments (16) | Send Message
     
    OK thank you all for your responses. I shall be moving on. Good luck and good trading to all!
    23 Apr 2013, 11:50 AM Reply Like
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