Sorry, I have been trying to get to where I am free to write more per day, but I am terribly busy at the moment. Here is a screenshot showing three trades from today, with text annotations. Here, I’m using the bid/ask histogram rather than the volume splitter… just because this is an eotpro ad and the bid/ask histogram is available today.

As usual for me lately, this ad makes the point that you can’t avoid losses. What you can do is work to keep them small relative to your gains. Here we have 2 wins and 1 loss that nets over 4 points per contract. Not bad!

I’m at home right now waiting on a new mattress to be delivered. My old one is worn out, if you know what I mean. Anyway, I opened my trading platform and took this quick trade, almost immediately:

You can see that the volume splitter wasn’t really splitting much yet, as it only fully operates in real-time. But, the magenta line is still quite usable even in this form, in terms of which direction it is going. So, I noted the bearish divergence in the double top just prior to entry. I noticed that the paintbars had turned color and weren’t green anymore. I noticed that the big traders were net sellers. I got in.

Now, I’ll remind you again that the indicator had not built up enough history to trust the dot sizes, but I definitely got directional confirmation. The large (magenta) traders pushed down, and the market fell with them. I picked an exit around Alla’s Average (the yellow dotted line) when the large traders stepped aside. This is marked on the chart.

As it happened, there was a small fake-out push that knocked price down another point before it reversed, but I am happy with my exit. The odds were fading that the price would drop much more, and I only play when the odds are strong in my favor. That’s what works for me.

Ok, back to my day off…

Can’t write much today… getting ready for tonight! ;-) But here is an ad about the new volume splitter indicator. It’s still working quite well, if you ask me!

Unless there are unexpected snags, it will become a part of the elite series on August 1st!

Today I spent some time researching ninja issues, and I do think I’ll make a good bit of progress this week on the ninja conversion. I know some people are really anxious to get going on it.

Oh yeah! I’m showing my 3/4 pt range bar chart today. Nice clean signals in that first subgraph. Clearly outperforming my “classic” Patty-B-based signals in the second subgraph. The new volume indicator is in the third subgraph.

Oh yeah, baby… Here’s the first 2 hours of the market, or so, in 2584 share bars. My cool new experimental entry signals were awesome yet again.

That doesn’t mean that they are actually awesome. But I would say every day that passes makes them look more and more promising.

They looked pretty good on my 3/4 pt range bar chart, as well. But not as good as the volume chart.

Am I happy with this morning’s experimental entry signal performance?

Yes. Yes I am :-) Two trades in the first 1.5 hours, and they were pretty darn clean wins.

Hopefully the rest of the day will hold up. I like how it avoided the choppy section in the middle of the chart, even if that meant in sat out for the initial breakout.

As I’ve been mentioning… Bill’s Arrows are awesome. But, they are also conservative. And, even if it’s not in their best interests, some people want more action than that. I swear, many beginners would rather lose money trading fast than make money trading slow. Sad but true.

So, I’ve been working on a new kind of entry indicator, that attempts to catch all the moves in the market. Sure, if you attempt to do that, you have to be willing to take some swings that miss. But, this morning I arrived at something that looks promising. Here’s Friday’s action in 2584 share bars, across two screenshots:

There’s 18 trades on Friday, 9 trades on each screenshot. 16 Wins and 2 Losses. I highlighted the losses on the charts above… it was easier than highlighting all those wins! :-) Obviously more research is needed…

The indicator is built out of GCycle Stochastics, Market Sync, VRam Bars, the Rank Sum Tests, Alla’s Average, the Rolling VWAPs, and a new variant of volume indicator I threw together this morning. Except for the new volume variant, all of these are available today from eotpro.

The tall Red and Green lines are meant to be the more confident entries, while the shorter cyan and magenta lines are more for aggressive entries or trend hijacking. That’s the intent anyway… I’m not sure yet if you should play them any differently. This chart is set up so that early exits are gauged by Bonnie’s Bars (the paintbar), as usual. That’s how I gauge which are wins vs losses, anyway, for these purposes. It’s assumed that if you show 1.5 points or more profit, that you won’t let the trade become a loss.

Just please try to remember that the faster your signals are, the more skill and discipline you need to actually make money from them. Beginners really would be best served by learning a conservative approach like the Arrows we’ve released.