My name is Richard, and this is a place for me to share my thoughts on trading futures, programming, mathematics, and basically anything that interests me.
I also run the MtM Team for technical analysis study, and offer free indicators at times.
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“One must learn by doing the thing, for though you think you know it, you have no certainty until you try.”
Some of you are asking about Systems One and Two built around my price proxy (I dropped sys3 a long time ago). Well, DavidB, a team member, has been doing excellent research, including some refinements of the rules! Here’s a tiny excerpt or two from his analysis:
On System 1:
“I did an informal backtest [...]
Every so often, people ask me about an indicator that will make virtual large bars on top of their faster trading bars. The idea is to be able to visualize the larger-scale context without resorting to a second chart. In the spirit of the upcoming US Thanksgiving holiday, I made one today for [...]
It’s not wrong to form opinions. In fact, I think it’s great practice to guess what the market is about to do. If anything else, it gives you something to do while waiting for trading setups. But, when you start to like your guess better than reality, that’s when the market proceeds to punish you mercilessly.
Have you all been following the stuck zone I pointed out a couple days ago? If so, I hope you saw the classic breakdown-retrace-run this morning off the open. Here’s a chart I posted to the team area earlier, after which we discussed entries.
My webhost has been re-organizing their data center, and apparently they forgot they have users on all the machines they are unplugging. So, for the last few days I’ve had stretches with bad response times, timeouts, etc. Sorry about that. No one’s less amused than I am, since I lose money every [...]
The S&P500 e-mini futures have been stuck in a zone for the last couple days. In the team I’ve been outlining the way to spot these dead zones and how your best bet is to assume price will stay stuck. I’m going to keep playing for failed breakouts until the market [...]
Over at the Wolfram blog, they’ve been posting bits from the last Mathematica conference. Very interesting stuff about what’s coming in future releases. The whole post has a ton of content, but one thing that caught my eye in particular:
[...] OK, yet another area. It almost made it into Version 7, but [...]
Team Member DanielM brought our attention to an interesting forum topic about the use of splines to track the center of gravity of price moves, and project them forward. I wouldn’t normally consider splines to be that useful for projection (or at least, not more useful than regression methods), but there is interesting talk [...]
