Old Archive for "December, 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).

Your Inspirational Message for 2009

Posted on December 25th, 2008
Written by Richard

How did everyone do with my inspirational message for 2008? I still think it’s one of the most important things to understand about trading. Maybe do yourself a favor and read it again.
As we move into 2009, I want to put out this message:
You are dancing with the markets, and it is leading.
Some [...]

My Screen Setup

Posted on December 23rd, 2008
Written by Richard

People are constantly asking me how I set up my screens, so I thought for my last post of the year, I’d share my most recent screens with you. I have two overview screens, and one trading screen.
Overview screen #1:

We have 2 perspectives on ES here. I generally run very few [...]

Point and Figure Breakout Pattern

Posted on December 20th, 2008
Written by Richard

As many of you know, I love point and figure charts. I thought I’d briefly share one of the basic PnF patterns… the triple top/triple bottom breakout. What’s nice about this pattern is that it’s easy to spot, and you have a profit target that’s somewhat reliable.
Basically, you are looking for at [...]

Indicator Lesson Class from 2008-12-18

Posted on December 19th, 2008
Written by Richard

Here is the link to our latest eotpro webinar.
http://eotpro.acrobat.com/p69113014/

Posting Will Be Sporadic For A Bit

Posted on December 19th, 2008
Written by Richard

As the year comes to a close, I am really swamped with work I need to finish for some strategy-trading clients, and I am really going to try hard to get an eotpro live set of indicators written for eSignal by early January. Not to mention, all the standard social holiday activity, and the [...]

Testimonial

Posted on December 17th, 2008
Written by Richard

I love these emails! This is one of the best ones I’ve read in a while, because it shows that this trader is studying combinations of indicators and doing the needed research. For AJ, it’s paying off!

Richard,
I have been playing around in SIM when Every Push is one bar ahead of when G [...]

Big Traders are No Fools…

Posted on December 16th, 2008
Written by Richard

Today’s my day off… but I wanted to point out to people this 5-minute chart:

We keep one up in the room at all times for reference. Anyway, check out how the big traders started accumulating contracts well ahead of the FOMC policy statement! There was no doubt that the pop would be [...]

Daytrading PowerShares QQQ (Nasdaq: QQQQ)

Posted on December 15th, 2008
Written by Richard

On Friday a reader asked for PowerShares QQQ (Nasdaq: QQQQ) in the blog comments. I told him I was travelling, but would show Friday’s Q’s today. So, today, you get the last two days of QQQQ. Let’s see:

Well, Friday it was buy, buy, buy… and how you did would depend on your [...]

Daytrading FINANCIAL BEAR 3X (NYSE: FAZ)

Posted on December 11th, 2008
Written by Richard

Those stocktwits seem to have a one-track mind. I was excited to see a new ticker at the top of their discussion list, because that’s how I pick the stock I feature in a totally unbiased way. For a long time they’ve been sticking with SKF, so I thought FAZ would be a [...]

Live ES S&P 500 E-Mini Futures Trade

Posted on December 10th, 2008
Written by Richard

This is just a quick, totally discretionary, trade at the final seconds of the market today. I think it’s hilarious that, if you look, the market went up to exactly where I thought it would when I set my initial target. I just got antsy because there were only a few seconds left [...]

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