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If you're serious about deepening your understanding of market systems and want to apply Dr. Ken Long's data-driven trading strategies, then OBUG (Owl Bundle User Group) is where you belongWe are a weekly mastermind of traders, students, and system developers dedicated to building and refining robust trading systems using the tools and principles taught by Dr. Long.
Over the past few months, the Owl Bundle User Group (OBUG) has been studying systematic trading strategies, focusing on Dr. Ken Long’s Critical States Template using the EdgeRater platform. With weekly sessions on backtesting, market analysis, and strategy refinement, we’ve been on a quest to uncover market edges and fine-tune our trading systems
Our February 2nd 2025 Owl Bundle User Group (OBUG) meeting was an insightful deep dive into advanced trading methodologies inspired by Dr. Ken Long. We explored market scans, critical state setups, and compared different signal-based trading strategies. Below is a detailed breakdown of our discussions and key takeaways.
Having to accept our stops being hit is a part of trading. It’s true. But let’s do our best to protect those stops so they don’t get hit as often. In this article, I’d like to explore this concept of protecting our stops with a support level that I think has a lot of benefits.Specifically for intraday, the low of yesterday’s session can be a great stop protector.
Are you ready to deepen your understanding of trading systems through comprehensive analysis and collaborative discussion? Join the Owl Bundle User Group (OBUG) for the next 12 weekly sessions as we study Dr. Ken Long's Critical States Template. These sessions aim to explore the framework, uncover its levers, and understand its capabilities and limitations.
Trading is essentially a game of probabilities. While we can’t predict what will happen, we can seek situations where the odds are stacked more in our favor. One of the biggest takeaways I’ve had from my studies at the Society of Technical Analysis is the importance of finding confirmation or confluence of different market conditions to inform our decision-making.
The Owl Bundle User Group (OBUG) had an engaging fourth quarter of 2024, scanning the markets for the week ahead, strategy backtesting, and collaborative learning. Using tools like EdgeRater and the ThinkorSwim backtester, we worked to gain a deeper understanding of Dr. Ken Long’s methodologies by systematically exploring their strengths, edges, and limitations. With 93 weekly recorded OBUG sessions to date plus 10 dedicated tutorials on backtesting with EdgeRater, we continued to refine our trading expertise through data-driven approaches. This quarterly summary highlights our market analysis using Dr. Long's 30-period Regression Line Slope Z-scores, and the insights gained from our backtest studies.
In our recent Owl Bundle User Group meeting, we explored the ranking of our 26 different trading strategies, focusing on identifying those that offer the best risk-adjusted returns, robustness, and consistency. This analysis is based on Dr. Ken Long's methodologies and was conducted using backtesting results from SPY, covering the period from January 1, 2010, to October 28, 2024. We utilized EdgeRater for backtesting and statistical analysis to ensure comprehensive evaluation and reliability of the results.
At AbleWayTech, our Owl Bundle User Group (OBUG) brings together traders seeking to sharpen their skills and diversify their strategies. Our members follow Dr. Ken Long's trading methodologies and techniques. In our recent session, we conducted an in-depth correlation analysis to determine how to best achieve a smoother equity curve and minimize drawdowns through the use of non-correlated trading systems. Here, we share some key findings.
Are you looking to refine your trading skills and deepen your understanding of systematic trading? The Owl Bundle User Group (OBUG) is a community of dedicated traders focused on analyzing and implementing trading systems based on the teachings of Dr. Ken Long. Our weekly meetings provide a collaborative environment where members actively backtest, review, and optimize strategies that Dr. Ken Long developed, adding new layers of insight to these proven methods.
Do you follow Dr. Ken Long’s trading methodologies and wish to collaborate with like-minded individuals? Look no further! The Owl Bundle User Group (OBUG) is the community for you. Our weekly meetings are dedicated to dissecting market trends, optimizing trading strategies, and sharing valuable insights to help you navigate the complexities of trading. We focus on developing and refining trading systems using EdgeRater for rigorous backtesting , optimization, and multifactor and Monte Carlo analysis.
The Owl Bundle User Group (OBUG) is a vibrant community of enthusiastic traders who diligently follow Dr. Ken Long’s trading methodologies. We gather weekly to dissect market trends, optimize trading strategies, and share valuable insights that help us navigate the complexities of trading. Here’s a snapshot of what our typical meetings entail and why you might want to join our dynamic group.. Use of EdgeRater and Thinkorswim in trading Dr Ken Long's trading methodologies.
By using the fractal relationships of the 10, 30, 90, and 270-period linear regression lines we get a view of how market participants on different timeframes with very different agendas are interpreting price action. We also can start to get a feel of the breath of the market’s cycles of expansion and contractions and how the extreme conditions of large stretches and tight pinches of the regression lines can alert us to the potential of some fantastic opportunities.
The next indicator we can add to our toolkit is the 30-Period Linear Regression Line, aka the “RL30”. As would be expected, the RL30 is similar to the RL10 but is based on 30 periods of price data. This makes it three times slower than our RL10 indicator. A simple difference, but the implications and uses of this simple change shouldn’t be underestimated.
This is precisely what we do in the Owl Group following Dr. Ken Long’s style of trading when we use the 10-Period Linear Regression Line (dubbed the “RL10” for brevity’s sake). We know we’re going to be susceptible to all sorts of heuristics and biases in analyzing price information, so why not have a highly effective and efficient and robust single indicator we can apply to any timeframe and financial instrument.
What differentiates our study group is the development of Swing trading systems based on Dr. Ken Long's strategies and techniques. Leveraging the robust platform of EdgeRater, we meticulously refine strategies aligned with Dr. Long's principles. This focus is intended to equip our members with knowledge to compete in the markets.
When considering a change of profession to become a full-time market trader, there are numerous planning considerations that a working professional should take into account: Assess Your Passion for Trading: Famous traders often emphasize the importance of having a strong passion for the markets. Without it, the daily grind of trading can become burdensome. Educate Yourself: Before making the transition, it's crucial to educate yourself about different trading strategies, financial instruments, and market behavior. Financial Cushion: Ensure you have enough savings to support yourself during the initial phase where you might not make a profit. Risk Management: Understand and apply risk management techniques. Never risk more than you can afford to lose on a single trade. Develop a Trading Plan: A well-thought-out trading plan is vital. This should include your strategy, risk tolerance, and goals.
The first task of technical analysis is to identify trends in market price movements. The second task is to identify turning points. Technical Analysis focuses on trend detection because whatever has been happening in the past tends to continue happening. As Tony Sagami puts it, "…trends in motion tend to keep moving until they’ve run their course." In the markets, trends continue until there is a shift in the expectations of the market participants. That is when identifying turning points becomes important.
As we gear up for our 5th Applied Systems Development cohort on March 26, 2024, we're thrilled to reflect on the valuable feedback we've received from our student surveys from our 4th cohort on Feb 6, 2024.
At our core, we believe in continuous improvement, and their feedback fuels our commitment to enhancing the learning experience for all participants. Let's dive into some key takeaways that showcase the positive impact of our approach and highlight areas where we're evolving to better serve our future students.
