I’ve changed my charts slightly, to include a version of Shelly’s Volume VR4 on my chart. I’ve removed the rolling pivot. And, I took two subgraphs out of my chart. So, it’s much cleaner, I think.

Check out the short and long trade signals at the end of the day… a small win followed by a bigger win. Cool!

Will I ever make videos again??? perhaps. I’m still angry that I’ll have to find a new way to do the recordings to make youtube happy. So, I’m taking a break from that. I’ll be buying a new laptop soon, so that will probably trigger a new try at it.

I was so happy to see this forum post! I have been helping several people make small modifications to their charts with my eotpro Elite Series add-on package, which is great. But, now I see an example of someone taking a trading system they’ve put together, and using the Elite Series to clean up their chart substantially. He reports that trading that way is much less stressful and error-prone, which has been my soapbox issue lately. And best of all, he was able to do it without any assistance from me. I’m always looking for validation that a programmer could take the functions and the docs and do something useful with them. The people that I’m helping generally have little or no programming experience, so I can’t judge by them.

Now, if I could just reverse-engineer his trading system from the chart… hmm…. :-)

Here’s the one and only signal I’ll be seeing today. Taking the rest of the day off:

There was a pretty scary pullback, initially! Luckily, bonnie’s bar color never turned green, which would have prompted an early exit. As always, the vertical line is the entry point, and the ellipses mark places where the math lines indicate profits should be taken. Easy as pie.

The chart wouldn’t look interesting, but I also wanted to mention I took a silly 1-tick scalp trade against the trend. I just had a feeling about it… but it didn’t pan out, and I exited for 1 tick of profit. Hey, better than 1 tick loss! :-)

Finally, here’s the latest Barb’s Reversal example. It’s on the chart I seem to like it best, a 10946 share bar chart of ES. Something in the 10k contract range really lets them shine, but there are also not that many signals.

Posts like this one are why Bill Rempel’s blog stays on my list of favorite market blogs, even though his trading style is completely different than mine.

From the post:

“Post Script: this happens in every industry, not just pharma. There is probably not a single cleaning or disinfecting product in your home that you couldn’t replace with either plain soap, baking powder, chlorine or oxygen bleach, or vinegar. But where are the profit margins in selling those??? The profit margins in developing new, patentable, cleaning molecules and contraptions is high. Talcum powder is incredibly effective against fire ants, but low-margin compared to far more expensive, and less effective, bait poisons. On it goes …”

I can’t say firsthand whether the statements about those particular products are true or not… but it’s good to remind yourself once in a while that companies care more about profitable products than effective ones.

Last night, with a little Global Variables hackery, I got eotpro moderator Bill’s entry criteria into a simple arrow. We’ve had this on multicharts for a while, but TS doesn’t like to combine various data series on anything but minute charts. It’s frustrating! But, this workaround is pretty cool.

Here’s the screenshot/advertisement I made for it today, based on this morning’s signals:

Of course, you need to have a viable stop methodology and profit-taking methodology, and find the right chart for you. But if you don’t know what else to do, you can apply it to a 3382 share-bar ES chart, since that’s what Bill used to trade before switching to range bars on Multicharts. Then maybe take stops against plot cycles, and trail your stops. That would be a decent starting point, anyway.

I talk about some of the latest stuff in the eotpro elite series, which I developed.

Here is the link for the video:
http://eotpro.acrobat.com/p74111176/