3 Trades Tuesday

Better performance from me today… I tried to be extra aware of the fact that I’ve completely changed the look and feel of my charts. That disorients a trader like me, that trades based on feel, so I need to allow some time for my sort-of subconscious pattern matching to come back up to speed.

3 Trades Today… 1 on the ES, and 2 on CFC.

In the video, you can see that I am trading the eotpro.com indicator set, and am evaluating how well they apply to stocks. So far, it looks like they apply pretty well, but it’s early yet to be sure. There are clearly differences in the way stocks move and the way the futures move, so I wouldn’t be surprised if I need to make some adjustments.

I am also using the signal to noise indicator that I’ve been writing about. I think it works pretty darn well. You might say, “Richard, can’t you see when action is too noisy just by looking at the chart?” And, the answer is that, I usually can, but the main use for it is not on a chart at all. It’s on my TradeStation radar screen:

I’ve put the SNR indicator in the third column. This tells me at a glance which of my watchlist stocks are tradeable at any given time. Really cuts down on the amount of chart-flipping I need to do, especially during the lunch hour when everything is usually pretty choppy. Very nice.

Hope your day was good!

Tradestation annoyance of the day: I love the matrix… I’ve never had an interface like that before, and I really like the visceral feel of moving around orders. But, for futures, Tradestation doesn’t tell you the avg price of your current open position, which is what I want to know during a trade. Instead, it highlights the avg price of all your positions for the whole day. I wish this were a selectable setting….

Watch this post's video on Youtube