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Interview. AMALGATRADER MAGAZINE | ISSUE 03 | JANUARY .. As an active trader and investor, Chris soon recognized the huge potential that online investing and algorithmic trading Save 50% by ordering the PDF version. Active Trader Magazine ruthenpress.info Currency Trader - A FREE online magazine in PDF format bought to you by the. Active TRADER Interview sink-or-swim trading. Dan Zanger was a pool contractor who made tens of millions of dollars in less than two years. BY MARK.
The site. TradeMaven features include the ability to paper trade and place actual trades using the same interface. R2 second resistance level — for any market and on any time frame. This information can be used to determine the probability of achieving different profit objectives. After testing a portfolio of stocks or futures with WLD3. Visitors can take advantage of live.
It offers free. OptionsXpress customers can use this tax lot accounting service by downloading historical transactions into GainsKeeper. The software tool calculates Classical Pivot Points — S2 second support level.
Options traders will find new daily histories of options. Users can exchange opinions. This companion product to the Wealth-Lab Developer 3 WLD3 trading software performs randomized Monte Carlo simulation analysis on historical trading system results.
Services include newsletters. TradeMaven traders can also 10 collaborate with other users in real time. For more information visit www. Anyone can become a member. Visit www. S1 first support level. Other tools are also available.
GainsKeeper also automatically alerts them to the impact of wash sales and other events that can affect taxes. Participation and membership in TradeStation Zone.
P pivot point. The product offers a variety of choices to produce new randomized equity curves based on the historical equity curve or trade history. For more information on all the latest features visit www.
Products on the site include software. Traders can also change the settings to quickly see the effects of different position sizing options on the simulation outcomes. R1 first resistance level. The update also offers new technical studies. Steenbarger provides an exercise to identify your constructive and destructive characteristics. The Right Stock at the Right Time: Steenbar ger.
The author. The book begins with a discussion of trading psychology and investor behavior before delving into descriptions of how investors can use the aforementioned tools.
Tools and Techniques for Minding the Markets is an interesting psychologically oriented trading book. Louis-based trader and hedge fund manager.
New releases roundup The following are summaries of recently published trading-related books. Brett N. Although the book avoids platitudes. I recommend it. Fibonacci applications and three-point chart pattern analysis. Jens Fischer. The author believes a destructive personality trait can be quickly changed once it is identified.
The book outlines trading fundamentals. For more information see p. The book is organized as a series of case studies of medical students who seek the counsel of Dr. He suggests maintaining a journal of all trades and your state of mind while placing each one. But I think this book is above average and contains some insightful and useful points for traders. By using stock prices from to present. There are many pieces of meat for the reader to sink his or her teeth into.
The book argues the path to positive and profitable trading is through recognizing and utilizing historical patterns. Williams talks about finding the market bottom and riding the expected upswing.. This allows you to see both the good and bad characteristics that are battling for control of your personality and. Yates provides details on options language. Strategies to Predict.
The majority of the book is devoted to seven Fibonacci-based strategies. Some topics cover how investors can diversify and allocate assets. Gotthelf presents his book as a way for readers to develop their own conclusions about trading currencies.
Hobbs TradingMarkets Publishing Group. A combination of price levels. He uses real-world examples and case studies to cover topics such as the parity principle. This book covers methods to estimate transaction costs. The book also includes an educational CD. You can display up to 14 columns of data. NET Compact framework pending software version. Stock traders wireless technology.
Suite updating. System Internet-compatible wireless handset. HillCast Technologies Inc. Figure 1. October Figure 1 shows Dell is trending slower. Streaming quotes from the time. Pocket PCs. PDAs does come at a price: Its main features vary recommended: High network traffic and trade volatility can cause devices. MidCast Pro everal financial software providers now What it is: Wireless real-time. Watch list. Adding and deleting symbols and source that features Nasdaq. MidCast can run on a variety of handheld devices.
MidCast Pro stands out from other financial Upside: The wireless real-time streaming data feed is the first PDA software in two ways: It is the only wireless and only dynamic quote service offered for PDAs. The first column.
Texas In response. So keep in mind certain features discussed here may not MidCast also works with Bluetooth. Island electronic communications network ECN are available Only four or five columns can be displayed at a time. Data and network service price. Of course. Each of the 14 price and volume items available in the watch list also appears on the chart screen.
MidCast also makes it simple to copy and paste an article into a text editor such as Pocket Word so you can read it offline.
The trend indicator upper right tracks the price action of the last eight trades. MidCast Pro can stay connected to its server and provide streaming quotes for hours at a time. This four-minute. This watch list tracks 10 frequently traded stocks.
MidCast Pro does not offer historical charts. HillCast plans to provide seamless trading through its own order management system with a selected online broker. There are several symbols in Figure 1 such as QQQ. The trading menu offers secure wireless links to six brokerage Web sites CyberTrader.
Other third-party financial PDA software may offer other useful features. A drop-down menu allows you to plot different symbols without having to leave the chart screen. For each symbol. Charles Schwab and Scottrade or places a call to your broker at the push of a button. Hollow bars represent unchanged prices and are green or red depending on the last price change.
You can set an alert based on breaking news. Figure 2 far right shows a tick-by-tick. Source for both figures: MidCast Pro Charting. In theory. Bottom line MidCast Pro takes advantage of the latest wireless networks to bring streaming quotes to an impressive array of handheld devices.
The latest quotes for each symbol in the watch list stream by in ticker format at the bottom of the screen. The trend indicator upper right tracks the price movement of the last eight trades. The maximum per trade risk allowed in the program is two percent. The rest of the Organizer is set up to record and view all current and past trades. Entering your trade data is a bit quirky.
Further choices such as Equity Curve. Elder has created a software version of a journal available at www. This may have been cumbersome to add to the program in its current format. But it has a few limitations and drawbacks for other kinds of traders. One thing missing from the program is a place to record the reason you entered a trade.
The program first asks for basic parameters such as account balance. In addition to the journal. This nifty device automatically calculates how many shares of a given stock you can download given your money management rules. Alexander Elder. This is fine for students who follow his ideas lockstep. Equity Chart and Performance provide charts that monitor your performance and account growth or decline. Recording numbers is useful to a point. This is simple stuff. A download sig28 nal occurs only when price confirms 27 the pattern by closing above its high.
Both patterns represent consolidations: A flag forms as a rectangle attached to a staff. The rally 36 35 usually continues in straight-line 34 fashion for a few days and then stops. That may or may not be true. On rare prisingly good earnings announcements. Proprietary software Thomas Bulkowski 16 Nov. March April 16 Pattern hallmarks Favorable earnings flags have several notable characteristics. When the earnings announcement occurs. The earnings flag is a pattern I discovered a few years ago and have traded since.
Table 1 right contains identification guidelines for the pattern. Figure 1 shows them before the rest of the two examples: The August pennant has world finds out and takes away the a horizontal appearance and the November pennant has a downward slant.
You might think that because I am disclosing the pattern here. Trying to trade a good earnings report in a falling stock market usually means reduced profits or an outright loss. On the day of the mations which are bounded by parallel trendlines and triangular pennant patterns earnings announcement. The first is more horizontal. In a rising price trend.
This pattern is not an They may be prime trading candidates. After that. The logic behind this rule is simple: After confirmaborders instead of the parallel or converging upper and lower trendlines of a Retracements usually conform to a tion. Price then consolidates. The post-announcement rally is usually quick. Price gapped higher after the earnings announcement and continued rallying for four days. Do not trade unconfirmed patterns — that is.
In this case. Event Surprising quarterly earnings. Figure 4 emphasizes the need to wait tumbles below In the earnings flag example in Figure 2. Failed patterns Amgen Inc. Although it will eliminate the vast majority of announcements. Price never closed above high was a good clue to abandon the then started to correct at the point a flag the highest high of the flag.
The July pattern also does not qualify stop in place. The March pattern in Figure 3 is valid. Price gapped higher on the above the pattern top. The stock eventually Fibonacci ratio — that is. As consolidation patterns. Such retracements after a quick rise should be allowed for. Price confirmation. Confirmation Always wait for price to close above the highest high in the pattern.
Pattern shape Price shoots up — sometimes gapping higher — and continues rising. In Figure 1. March Look at the November pattern on the Source: Proprietary software Thomas Bulkowski right of Figure 3. Proprietary software Thomas Bulkowski 18 Aug.
Price climbed after the announcement and formed a flag pattern. Less than two weeks later. Confirmation line Alpharma ALO. Analyzing performance statistics can improve trading performance by understanding how often the pattern tends to succeed and the size and duration of the typical moves that follow. Figure 5 shows an earnings flag that performed well.
There were not enough patterns from the bull market to separate and compare performance for bull and bear conditions. The three failure rates are comparatively high. These examples have shown what earnings flags look like on a chart.
Pattern stats Table 2 shows the statistics gathered on the earnings flag for this study. Seventy-three patterns were identified in 50 stocks beginning in This is the way an earnings flag is supposed to perform. Because gaps repre sent very strong momentum. Waiting for confirmation and using stops solves this problem. Of the 73 patterns.
Fourteen percent of the patterns failed to rally more than five percent measured from the confirmation or breakout price — the highest high in the pattern — before a 20 percent downturn.
Big Lots. The other two failed to close above their respective highs. On this chart. Such rallies before an earnings announcement should make you wary of placing a trade. If everyone thinks good earnings will be announced. Trade carefully. Description Number of patterns studied Biogen.
April May June July Source: Trading Classic Chart Patterns pattern high. Watch price closely. Considering bers are probably high because many December This pat tern confirmed and was followed by a profitable move. In turbulent times. If price drops yield good results. The average rise was 19 per. For information on the author see p. From the day the earnings announceThe best post-breakout gains emerge Additional reading ment occurred.
The first is a survey of approximately Department of Labor releases its Employment Report. Although the general public is probably more aware of the unemployment rate. The second survey queries businesses more than T he first Friday of each month typically marks an increase in volatility when. Market players anticipate the report days in advance. Nonfarm payroll reflects the number of jobs that have been added or lost to the economy.
TradeStation www. The report. Because these Thursday figures fall right in the middle group of all trading ranges as shown in Table 1. If we start by assuming the employment number causes many shortterm traders to sit on the sidelines on Thursday. Fridays and Mondays compare to these figures.
The employment report. The observation period spanned January through September and encompassed 69 employment reports. Daily trading ranges During the analysis period. To find out if there are any tendencies for the market to behave in a particular way from the day before employment releases to the day after them.
For Friday release days. This places the average These ranges are summarized in Table 1 above. Sorting all the daily ranges for these days into three groups. Fridays and Mondays around employment releases provides bench marks for what could be considered high-range. Scratching beneath the surface. Practical application Although the discrepancy between the actual employment numbers and the estimates should ultimately set the stage for how the market reacts in the short term.
Day Thursday Friday Monday Average range This implies the market properly anticipated the employment release on Thursday when the range for that day was up approximately 25 points or more. As mentioned previously. Another interesting tendency is the Monday range expansion after Fridays with smaller ranges than Thursday.
The Mondays after employment reports had an average range of Thursdays before employment reports are not. Monday ranges were.
The two most interesting points are. The post-employment day tendency was similar. Do employment Fridays always have wider trading ranges than their preceding Thursdays? Another trader may have committed to a long position ahead of Friday if the market was making a substantial up move. A second look So far. Mondays following Fridays that had ranges wider than Thursdays. Thursday average range These figures indicate Monday.
For Fridays with larger ranges than Thursday. Of the 26 times Friday had a smaller range than Thursday. This could be an incentive to hold on to a profitable position at the close of an employment day in anticipation of renewed momentum on Monday. Of the 69 employment releases. There were Minimum range 8. Come Friday. Over the past year. Mutual of market weakness. As a result. The mutual fund explosion abruptly stopped and crosses above the moving average and selling when it crosses fund outflows gained momentum.
The total gain for the period shown hurry to get back in. The elusive key to this In the bear market that began in spring Mutual fund trading and market timing However. History supports the profitability and advantages of this approach. Many funds closed or con. IRA and pension year moving average crossover system downloading when price accounts. The download-and-hold return for this five-year period was a paltry 1.
The formula is: RYTPX x2. But some funds modify this privilege to deter frequent trading by delaying the exchange or requiring a three-day settlement period between the sale and subsequent download.
The goal is to provide optimum protection for the fund during times of general market weakness. The small-cap funds are usually the most volatile and therefore the best vehicles for this type of trading.
The beta of the benchmark index is 1. A fund with a beta of 1. Balancing act In this case we will work with a trading-day period Jan. Examples of this type of fund and their parent indices are shown in Table 1. There is a way around these penalties. Most funds allow their shareholders to exchange shares of one fund for shares of another fund in the same fund family. Short funds: Hedging and trading alternative Short funds usually have a direct inverse relationship to an underlying market index and have no frequent-trading restrictions.
A more aggressive frequent-trading strategy. The lookback period you use to determine this should encompass at least two complete up-down cycles in the fund. The steps required for initiating and managing the trade are: URPIX x2. These param eters also are available at MorningStar. Although it is a no-load fund. Instead of selling the mutual fund position during a period of market weakness. We will assume we are preparing to initiate this investment on Jan. The Ease of Movement value determines the rate at which the price of a security is changing by analyzing the amount of volume.
Glossary est received for the 2. RYVNX x2. USPIX x2. Frequent-trading penalties The day moving average crossover system would not have been subject to any regulatory trading constraints because of the low number of signals it would have generated over the five-year period. Best fit signifies the index that provides the highest R-squared value.
For a definition of these terms. The best-fit index of this fund is the Russell index. The indicator and its system is not the focus of the study. Changes in the inverse hedge fund are presumed to occur at the same time as. It is appropriate to recalculate the hedge coefficient at regular intervals because of changing market conditions and possible fund management or strategy adjustments. It should also be noted that because SHPIX was nonexistent during the early years of this illustration.
Brokerage and margin fees are not included in this analysis.
Short funds are relatively new — no short funds for the Russell were around then. The trade summary of using an inverse fund as a proxy for selling illustrates the effect of hedging a long-side fund position. Table 2 shows the results of this system — downloading SHPIX hedge on margin whenever a sell signal is generated — from through A download signal occurs when the EMV is positive. Late trading Mutual funds have been in the news recently because of alleged fraud on the part of fund managers.
Rather than focus on the final percentage gain. Figure 3 is a percent-change chart that compares the performance of the Russell 9-percent gain. Instead of trading completely in and out of mutual funds with a timing system.
This ambivalence could be removed by having a market-timing strategy that would allow bull-market profits to accumulate and decrease drawdown risk during periods of market weakness. These hedges are calculated to neutralize the drawdown risk while capturing the superior appreciation inherent in the higher volatility of these funds.
If both conditions are not met. Long-term trend direction. Active Trader does not recommend downloading or selling any market. See the legend right for explanations of the different fields. ETF Snapshot Legend: Ticker symbol. There is a high level of risk in trading. Whether a day momentum indicator registers the market as overbought OB. Overbought and oversold signals are NOT trade signals. The indicator readings are NOT trade signals.
Active Trader provides this data in good faith. The percentile rank of the current volatility reading compared to those of the past three months. The percentile rank of the current trend strength read ing compared to those of the past three months. Short-term trend direction. This information is for educational purposes only. The reader assumes all responsibility for his or her actions in the market.
In other words. Active Trader assumes no responsibility for the use of this information. Intermediate-term trend direction. This system was inspired by the more successful stock systems that have appeared in the Trading System Lab. Cisco CSCO. Wealth-Lab Inc.
These strategies share a common timing technique — they attempt to take advantage of minor extreme price movements. The Glitch Index must be less than —2. Exit 1. The system does not sell short. I have only these two articles. Tom Demark, interview April Lindsay Glass - DeMarking trend exhaustion zones July HI,bet4win,Thanks,so left two below: You must be registered for see images attach. Does anybody help me? I need two articles: Sobe Member. This entire thread is impossible to follow and has too many tiny files.
Can someone combine everything into one zip file and upload it for download. Thanks for your consideration and help.
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