How To Trade With Two Simple Indicators
NOTE: Two charts are posted below in the transcript which visually explain Martin's strategy.
Tim Bourquin: Hello everybody and welcome back to TraderInterviews.com. Thanks very much for joining me for another interview. My guest today is Martin Rimes. We're going to talk to Martin about how he finds good opportunities, the ways he approaches the markets. He's actually got -- from talking to him before we started recording -- two ways that he approaches the markets in different scenarios so we'll talk to him about that and find out how he finds good trades. So, first of all, Martin, thanks for joining me over Skype today. I appreciate it.
Martin Rimes: You're welcome, Tim. Thank you for having me.
Tim Bourquin: All right. So if you could, kind of give us an overall 30,000-foot view of your trading. Are you a day trader or a swing trader and then what markets do you trade?
Martin Rimes: Okay. That's easy. It's an actual combination of both actually. What I do is in the morning during what I call the rush hour, I do intraday trading, right. So I'm just not the type to want to sit for the full trading session the entire day so for the rush hour I'm doing intraday trading and I'm using the small time charts. But then I love to swing trade. I think it's more relaxed and so for swing trading, I mean you can do stocks, you can do options on stocks, futures, you know, whether it's manmade or commodity futures, natural like corn, wheat, soy beans and I love actually doing both.
Tim Bourquin: Okay. So in the morning maybe the first hour or so, you're in and out day trading and then after kind of the busy time, it dies down, it sounds like you're trying to pick things that maybe you'll hold for what, a couple of days or weeks?
Martin Rimes: I mean it can be weeks, it...
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