A fan of the judgmental trading, John Hill is a 91 year old trader that still finds passion in trading.

Currently the President and founder of Futures Truth magazine, Jonh has a degree in chemical engineering and has traded for a living for many decades.

According to John, the biggest element in trading is to master fear and greed. To this day, he is still tested!

In the show John shares:

  • 3 steps you can take to start trading profitably
  • Why risk control is everything in trading
  • His risk-reward ratio approach
  • What a Yumm-Yumm, Upthrust and Spring means when you trade
  • The 5 markets he currently trades
  • The time frames he relies upon when trading

Interview

69: John Hill - 91 Year Old Trading Veteran... Could He Master Fear & Greed?
00:00:00 00:00:00

Interview Links

FuturesTruth.com

Recommended Book

The Ultimate Trading Guide by John R. Hill

Broker & Platform

Interactive Brokers

Key Lessons

  • Find your trading comfort level, or fear and greed will get you
  • Look at chart patterns and try to figure out what they’re telling you
  • Learn about pullbacks
  • The hardest thing in the world is to take profits
  • Don’t look at the news, look at the charts
  • 60% return in a year is a good outcome
  • Keep risk under control
  • A computer cannot see what the human eye can see
  • Beware of gurus

John’s Trading

  • John takes two/three trades/day/market
  • He actively trades gold, sometimes silver, S&P500, Bonds, Soybean
  • Risks $150-$200 per trade
  • If profit goes north of $500, he tightens the stop
  • Uses candlestick patterns: doji, hammer, inside bar
  • Starts with weekly and daily charts and takes entries on 30 min and 15 min time frames
  • He’s a student of Whyckoff
  • Uses springs and upthrusts

John’s Strategy of the Week

By piecing things together from the show, here’s the “Strategy of the Week” we could conjure up form the interview (you may have taken away different things):

  • On the daily chart, build a channel made of 10-day MA and 7-day EMA
  • 85% of the time price is above/below this channel
  • Look for doji candles, hammers, inside bars as entries
  • Stop loss at the low of the candle
  • Don’t risk more than $300
  • 3 candles in your favor, take profit

There’s a lot to John’s strategy, so much so that I thought it was better if we used a couple of his marked up charts to demonstrate how he approaches the market.

Please leave a comment below if you found a way to trade using John’s methods described on the show and shown below.

To see two charts marked up by John, register for your Free Access Pass here:


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HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM.

ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES, OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES, ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL, OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM, WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.

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Forex, futures and options trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. Our website, product contents, and materials are neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on our website or in any materials. The past performance of any trading system or methodology is not necessarily indicative of future results. Substantial risk is involved. Forex trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the Forex markets.

Don't trade with money you can't afford to lose. Nothing in our course or any materials or website(s) shall be deemed a solicitation or an offer to Buy/sell futures and/or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on our site. Also, the past performance of any trading methodology is not necessarily indicative of futures results. Trading involves high risks and you can lose a lot of money.

CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.