Old Archive for "April, 2009"

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).

How to Choose Perfect Profit Targets Every Time

Posted on April 30th, 2009
Written by Richard

This is a simple application of the “Almost Perfect” technical indicator concept. Did you know that if you have a perfect lagless average, you can use a simple trading method to nail profit targets on every single move?
Every. Single. Move.
Here’s how: Take a pretty smooth average… the literature says it needs to match [...]

The Books that Help Beginning Traders Most

Posted on April 30th, 2009
Written by Richard

In the forums, “Lateralus” recently asked what books a total beginner should read. Actually, I think my list would be the same even if it were for an advanced trader! Here are my suggestions, along several fronts. I just picked one book from each category, because the idea is to get someone [...]

An Example of an “Almost Perfect” ES E-Mini’s Chart

Posted on April 29th, 2009
Written by Richard

In my recent post, I went over the concept of the “Almost Perfect” technical indicator. Since then, I’ve made some tweaks to the way predicted points are computed. Check out this chart:

Wow! On this chart are “almost perfect” bollinger bands, then in the first subgraph is an “almost perfect” MACD. [...]

How to Make Your Indicators Almost Perfect

Posted on April 27th, 2009
Written by Richard

You know, nearly every indicator out there has some lag. That much isn’t surprising. But, what does surprise me is that we go ahead and plot these values in all their lagging failure. There is another option available… plot the values in time where they are supposed to be. Which is, [...]

A Typical Day For An Indicator Lover

Posted on April 24th, 2009
Written by Richard

So, I’m playing around with basic linear-phase FIR filters and how they might be applicable to interesting trading methods. So, I open up multicharts and write a quick function to compute the standard filter at whatever length I want. Basically, your standard (x[0] + 2x[1] + 3x[2] + 3x[3] + 2x[4] + [...]

Tracking the Dumb Money pt 2

Posted on April 19th, 2009
Written by Richard

Bill made a second video about the difference in the big (smart) money and the small (dumb) money traders. Check it out!

Which Trading Platform Should I Use?

Posted on April 13th, 2009
Written by Richard

A lot of you ask me what I think of the various platforms out there. Here are some of my thoughts. Since I spend a fair amount of time developing indicators, I may not be the most typical user, so keep that in mind when you read this!
Multicharts
This product, from tssupport.com (a [...]

One More Example From This Morning

Posted on April 8th, 2009
Written by Richard

I really like this channel trading method.

Finally, A Good Trading Morning

Posted on April 8th, 2009
Written by Richard

The last couple days have been pretty slow and choppy except for the premarket, so this morning was really refreshing! We’ve had some nice trades in the live room in the first hour. Here’s a couple charts I posted to my twitter account earlier:
My overview chart showing strong support and resistance levels from [...]

Divergence Trade

Posted on April 7th, 2009
Written by Richard

Pretty nice…

… at least for such a ridiculous day. It’s just a mess out there, and you’ve got to grab a point here and there where you can find it. Our new chop detection system has been indicating “chop” for most of the day so far, so there hasn’t been much action outside [...]

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