Frequently Asked Questions
-
I'm new to this. Where do I start?
Start with the Documentation. See link above. Then you may want to read through the documentation of our software products to see how we go about interacting with the markets.
-
When is this page updated?
We update this page, with our plan and outlook for the next trading day, by midnight Eastern Time prior to every trading session on the US futures markets. We also share intraday trade ideas in the 'intraday' folder.
-
Your charts are too big for me
This is the most frequent comment we receive. Consider the following:
a) It's important to ask the question: why do we want to trade a given timeframe. If because that's where our edge is, fine. But if we want to trade a timeframe because that's what we think is the only thing we have money for, we're in trouble. We have to pick timeframe not based on our wishes, but on where our verified edge is.
b) Ok, is there some good news?
Yes, lots:
- With us, you'll be trading with an edge. (Without an edge, there is no point in risking a single dollar on the markets.)
- Now, most of our trades are intraday trades, the 240min timeframe still being six times less than a day.
- Also, many of our 240min trade ideas can be adapted to even smaller timeframes by simply waiting for the next pullback on the lower timeframe (LTF) after the 240min trigger.
- Also, many of our trade ideas are on currency futures. On relatively small accounts, they can be executed on forex, which allows more granular risk management.
- Many of our trade ideas can also be executed on ETFs: say, GLD for a GC trade or TLT for bond futures.
- Finally, on smaller accounts trades can be executed with micro contracts (MES, MGC etc.). While some will say "that way you can't make money", our answer is: but one will learn to fish, and that's worth all the money!
It is clear our service allows the capital accumulation process to be implemented on any reasonably-sized account. -
Miscellaneous notes
- Make sure you read the Documentation, become familiar with our Market Scanner, and follow the markets every day to build intuition to make best use of this service.
- We tend to scale back activities on the indexes leading up to FOMC releases, while being aware that the FOMC news release can often serve as a catalyst. We also stay out of intraday trades 10 minutes before and after of major news releases.
- We're often wrong. After all, we work with probabilities, and this work is all about the future. The unknown. We judge our work not by how many times we're right or wrong, but - to paraphrase one of the best traders of all time - by 'how much we make when we're right and how much we lose when we're wrong'.
-
DO I NEED TO PURCHASE OTHER REMEK! PRODUCTS TO USE REMEK! PREMIUM?
No. With Remek! Premium, you'll be receiving setups and signals, as well as analyses which you can trade any way you want, on any platform (Ninja, Tradestation, Metatrader or any other) without any of our software. That said we do recommend having Remek! Momentum Pro (either the Bloodhound or the Standalones), but having it is not a requirement.
-
ON BEING TECHNICALLY MOTIVATED DIRECTIONAL TRADERS
While we’re well aware of and may even be highly knowledgeable in macroeconomic or fundamental analysis, in our short-term investing activities as technically motivated directional traders, we primarily rely on past price behaviour in our work to project future prices. We hear you: Efficient Market Hypothesis! Well, we’ve done our homework. Bachelier, Fama, Malkiel … we say this with the greatest respect to these masters: we’ve read and are familiar with their groundbreaking work. But we also know: we, people, are not machines. We are not totally rational beings. We are liable to be driven by our emotions, cognitive biases, social pressure, limitations in resources (e.g. time or money), and many other factors - discussed and researched in what is today called behavioural economics - that result in a sometimes-less-than-totally-efficient market. And that’s enough.
-
HOW DO WE COMPETE WITH THE DEEP-POCKETED TRADERS?
We don’t. They play their own game, at which we can not beat them. They have their own problems too (like their market-moving size or their endless board meetings). We’re small and quick, and we stay out of their way.
-
ON OUR CHARTS
Our charts are all we need. This also means that we regard the "financial news industry” as, mostly, entertainment: we consider its effect on volatility, but we let the market do the math. We stay away from the market in situations for which we do not have sufficient resources.
- ON OUR INDICATORS
Like most indicators, the Remek! indicators are derivatives of price, not more, not less. It took us ten years to arrive at those that we use today. We keep our charts clean: if we don't use it, it won't be on our charts. We are always on guard for our own cognitive biases, and we strive to let evidence found in data guide our actions.
- WHAT ELSE DO I NEED TO KNOW?
We are technically motivated traders driven by evidence. That distinguishes us from other 'technical analysts' who rely on myth, magic numbers or squinky lines. Our work is based on repeating patterns in human behaviour as evidenced in data.
- A NOTE ON THE PROCESS OF BECOMING A TRADER
Learning to trade well takes time, measured in years. To become a successful trader, we have to act differently from our natural behaviour and instincts as homo sapiens. In several crucial ways, we have to reprogram our thinking, reflexes and ingrained behaviour, which is painful and is hard work, and for many, it may not even be possible. It is definitely not for everyone. Wherever you are along this journey, with the Remek! Premium service, you will be provided the framework and the methodology for successful trading. That said, you will also be required to think for yourself, make your own decisions, and take responsibility for your actions.
- WHO THIS SERVICE IS FOR
In our work, we use NT8 and our own algorithm-driven momentum-based, semi-discretionary methodology (which we also made into a product we call Remek! Momentum), and this is what we’ll be sharing with you. Although we’re on NT8, you can effectively use our service on any trading platform, whether it’s NT, Tradestation, MetaTrader or something else. We trade US futures, currencies and financials, but the methodology itself, since it's based in human behaviour, should work on other liquid financial markets as well. (You're strongly encouraged to do your own due diligence, though.)
- WILL YOUR METHOD CONTINUE TO WORK?
Our methodology is rooted in the inherent behaviour of participants on financial markets as evidenced by decades of data. Will it continue to work? Who knows. We’re definitely on guard for any measurable changes, and, as a subscriber, you’ll be the first to know. Until then, we do what we do. One last thing: in trading, luck is nothing but skills plus preparation. Develop the skills, prepare well and luck should follow. So good luck to you all! Mindful trading!
- WHAT ARE THE MAIN DIFFERENCES BETWEEN THE REMEK! SYSTEM AND REMEK! MOMENTUM AND REMEK! PREMIUM?
First off, The Remek! System and Remek! Momentum are products, while Remek! Premium is a service. About the differences between the two products: 1. We use The Remek! System on smaller timeframes than Momentum. Those renko bars in the Remek! System are similar to 5 min bars. Momentum's main chart is usuallly the 240min chart. 2. We use renko bars on the Remek! System. Momentum works with any bar type. As for us, we use Remek! Momentum mainly with time-based and tick-based charts. 3. With The Remek! System, we're focusing on three setups. With Momentum, only one: the pullback trade. The similarity: both are based on a valid market behaviour, evidenced by a hundred years of verifiable market behaviour. On the Remek! Premium service: we'll share with you our trade ideas for the next trading day. Remek! Premium helps you bridge the gap between struggle and success.
Disclaimer
All information in this document, on these pages, on the remek.ca website, as well as all correspondence and other communications sent by Remek! is for educational purposes only. By using this service you agree to the Terms and Conditions at https://www.remek.ca/legal. By using this service, you also request us to send you emails on a regular basis to the email address you provided. You have received this document because you have signed up for our Remek! Premium service. This document is protected by international copyright. No part of this document may be altered, distributed and/or transmitted in any way without the prior written consent of Remek! Trading Systems, Inc. Copyright (c) Remek! Trading Systems, Inc. Canada 2019. All rights reserved.
- ON OUR INDICATORS
Remek! Trading Systems
Evidence-based directional trading
Remek! Trading Systems, Inc. (Toronto, Canada) specializes in providing trading system development, testing and consulting services to traders worldwide. Remek! Momentum Pro, our self-adapting trading algorithm is designed to trade the re-emergence of momentum out of consolidation areas. For more information, visit www.remek.ca
Remek! Trading Systems Inc. | 11 Shallmar Boulevard, Toronto, ON, M5N 1J6, Canada