Old Archive for "October, 2008"

These are Blog Archives
Here you can find links to old content I had on the blog, prior to switching to our group pages. Have fun looking around... some of it is pretty good! If you are looking for the best of the best posts from both the old and new eras, then go to the Articles Page. If you want the newest material, browse the public group (and the google waves associated with it).

A Shot from This Afternoon

Posted on October 31st, 2008
Written by Richard

People are super excited about everypush, and I can certainly understand why. I was showing it off in the live room again today. Here’s a shot from this afternoon….
The arrows here aren’t added by hand… I made a secondary indicator that marks the entries that meet some strict criteria. I DO [...]

My Morning Ninja Chart

Posted on October 31st, 2008
Written by Richard

I coded a simple arrow indicator on ninja to capture the kinds of trades that I have been looking to take. It’s just the simple stuff I’ve been talking about in the eotpro live room, like:

Candle body below the fast MA
Volume pressure accellerating in the right direction
First new push from everypush

… and that’s it! [...]

EveryPush on Daily Charts

Posted on October 30th, 2008
Written by Richard

BTW, everypush(tm) looks good even on daily stock charts….

Why did I choose Alcoa, Inc (NYSE: AA)? Because it was the first stock listed in my ninjatrader Dow-30 list. Yeah, I am lazy. But when your indicators rock, you don’t have to be picky about which chart you pull up.
I traded everypush today [...]

EveryPush(tm) Comes to NinjaTrader

Posted on October 30th, 2008
Written by Richard

Most people who are interested know that my everypush indicators are coming to tradestation and multicharts next week. Well, people were clamoring for the Ninja release, sending me mail after mail… so I gave in and went ahead and coded it. Here it is, shown both filtered and unfiltered:

As with most of [...]

Daytrading Ultrashort Financials Proshares (AMEX: SKF)

Posted on October 28th, 2008
Written by Richard

Blog reader Jeff can’t get enough of Ultrashort Financials Proshares (AMEX: SKF), so I’ve picked it again at his request. Lower-than-average volume gave us fewer bars than I’d like, and our rule about not getting in while the cycle-EMA touches the candle body kept us out of the initial run up. Oh well…. [...]

Daytrading UltraShort Basic Materials ProShares (AMEX: SMN)

Posted on October 27th, 2008
Written by Richard

There were no stock suggestions today, so I went with UltraShort Basic Materials ProShares (AMEX: SMN) because it was the most-discussed stock on stocktwits.

As with all recent stock posts, the demonstration method used here is:

Volume chart chosen based on 30-day average volume (I generally use the overview settings from this reference post on these stock [...]

All It Takes is Patience

Posted on October 27th, 2008
Written by Richard

People in the eotpro live room today know that my chart in the morning was a bit bland… basically stuck in a sideways channel. But, this pic shows that, with patience, eventually a good setup materializes. Right at the end of the day!

What a nice drop! Simply trail the stop above the [...]

Daytrading Ultrashort Financials Proshares (AMEX: SKF)

Posted on October 23rd, 2008
Written by Richard

Blog reader Jeff requested SKF today. So, here it is:

I’m calling this one five trades for four wins and one loss. If you use the previous plot cycle for stops, you’d have no losses, actually… but I’m generally thinking of a tighter money management scheme than that.
As always, I show the whole day, [...]

Fractal Price Action Example

Posted on October 22nd, 2008
Written by Richard

Look at the chart on the left. It’s an overview chart, covering the entire day. Now look at the chart on the right… it’s basically showing just the last leg down.
So, the right-hand chart is just a “zoomed-in” view of the last leg down. But, look at how the [...]

Another shot of my Auto-Trend-Channels

Posted on October 21st, 2008
Written by Richard

Here’s today on my 17711 share bar trading chart, with just EveryPush paintbars and my new auto-trendline prototype. Looks pretty clean, huh? I’ve drawn in arrows at the failures to traverse the channels. If you could get in at those arrows you’d make a fortune every single day. The question, [...]

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