8 Futures trades, including my very first gold (ZG) trade. Now, I’ve traded ES, YM, EMD, and ZG. Pretty neat. Anyhow, I’ve started keeping my eye on trend channels. I was thinking about how the box play works, and I started wondering about other geometric approaches to trading. I started reading this humongous elitetrader thread, with a methodology built on top of trend channels. Not sure what I think of it yet, as it seems to rely on extremely early (almost psychic) detection of turning points… we’ll see.
5 wins and 3 losses…. not bad, but I’d rather have 6 wins and 2 losses… (of course I’d rather have 8 wins). I found the markets to be pretty unruly today… in fact, one thing that made that crystal clear was that I had to keep widening my trend channels to accommodate all the volatility. The trends weren’t changing direction very often, but getting wider instead. The dreaded “broadening” formation. I hate those!
October 22nd, 2007 at 11:16 pm
Richard,
I really like your blog. Keep up the good work. I was wondering if you cloud share the Box indicator for Trade station. I trade stocks and starting to trade futures.
Thanks,
Alex
October 22nd, 2007 at 11:58 pm
Hi Alex, and thanks. I have given the box play indicator to the folks at eotpro as a kind-of “thank-you” for all the help they’ve given me (and because it seems to work well in conjunction with their indicators). I’ve told them they can release the indicator to their subscribers, so you could get it that way. Especially if you are already on tradestation, I highly recommend that you check them out in any case.
October 23rd, 2007 at 12:11 am
Richard,
Thanks, I just signed up with them. Since you used their indicators with stocks, can you tell me which indicators work good with stocks? I really appreciate your help and hope to see you in the trade room.
Later,
Alex
October 23rd, 2007 at 8:20 am
That’s great, Alex… I’ll do a post on my current setup tonight. I pretty much use the same set on Stocks and Futures, with a couple differences. See you there!