By Philip Wu, Griffin Cooper, with Guidance from Dr. Ken Long

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.

The Critical States Template, also known as "Sniper Radar," is a framework designed to identify moments of market imbalance and potential trade opportunities. Using the Triple Factor Framework—Location, Volatility, and Path—it provides a structured lens through which to analyze market conditions. Our objective in these sessions is to study it rigorously through backtesting, parameter optimization, and detailed analysis.

What You’ll Gain from These Sessions

Through these sessions, you’ll gain:

• A detailed understanding of the Critical States Template, including its foundational rules, key levers, and potential applications for swing and intraday trading.

• Insights from backtests and analysis focused on symbol selection, multi-factor triggers, and parameter optimization, shared as curated results to foster understanding of the template's mechanics.

• A structured approach to understanding the strengths and limitations of the Critical States Template to inform your decision on whether it fits into your trading portfolio.

• Community-driven learning through engagement with fellow traders in OBUG, sharing observations and refining ideas collaboratively.

What to Expect in the Sessions

This 12-session series is designed as a blend of theoretical exploration, evidence-based backtest results, and practical discussion. Here's what we’ll cover:

1. Understanding the Critical States Template:

   • Explore the Triple Factor Framework and its role in identifying market movers.

   • Examine the Critical States Filters and their ability to detect abnormal market conditions.

2. Backtesting and Parameter Analysis Results:

   • Review curated findings from rigorous backtests and parameter optimizations using EdgeRater. Learn how different conditions and parameters affect outcomes without diving into the technicalities of running the backtests yourself.

3. Reverse Engineering Abnormal Moves:

   • Analyze historical data to uncover patterns that preceded significant price moves and evaluate the market conditions that may have triggered them.

4. Strategy Correlation and Portfolio Diversification:

   • Assess how strategies interact and diversify within a broader portfolio, providing insights into risk-adjusted performance.

5. Practical Application:

   • Use the shared results to incorporate Critical States Filters into daily and intraday trading, while exploring its practical limitations and potential.

For Traders Interested in Running Their Own Backtests

While this series focuses on interpreting and understanding shared results, OBUG also offers a separate module that provides a step-by-step guide on running your own backtests using tools like EdgeRater. This additional module is for those who want to conduct their own in-depth studies.

Expected Outcomes

By the end of these sessions, you’ll:

• Understand the mechanics, levers, and limitations of the Critical States Template.

• Gain clarity on whether and how the Critical States Template can fit into your trading strategies.

• Leverage insights to enhance your trading framework and decision-making process.

• Build confidence in using backtest findings to refine your approach to swing and intraday trading.

Why Join OBUG?

OBUG is a collaborative community dedicated to mastering Dr. Ken Long’s methodologies. These sessions offer a unique opportunity to engage with detailed studies, share insights, and refine strategies in a supportive and knowledgeable environment.

Join obug today

The next OBUG sessions begin on January 12, 2025. Whether you’re exploring new trading methodologies or looking to deepen your understanding of the Critical States Template, these sessions are your chance to take an informed, data-driven approach to your trading. All sessions are recorded for your convenience, ensuring you can revisit key insights or catch up if you miss a session. Enroll today using this Link.

To learn more visit AbleWayTech.com to learn more. Let’s explore the Critical States Template together and expand our trading horizons. Informational podcast on the upcoming study: Link