May 1

This is just one more example of how waiting for the best signals can make your trading a lot less stressful. It’s so funny, because not long ago I was taking a lot more trades. Maybe I will feel like that again one day. But for me, the name of the game in 2008 has been relaxation. I have multicharts filter out all but the most promising signals, and I know in advance where my profit targets are. Feels good.

Of course, I (or you!) could adjust the settings to make the signals much more aggressive, or you could run it on a faster chart, etc.

Watch this post's video on Youtube

Apr 30

Just two small trades in the morning… I don’t like trading news-driven environments. The bonds were all out of whack, as can be expected, and it was yet another tight-range day.

This video also discusses a funny moment I had talking with a client today. As many of you know, I code custom indicators and strategies for people (usually eotpro.com clients). Well, this one brought an indicator to me from a vendor, wanting to incorporate it into a strategy. But, there was no function provided, and the code was locked. Now, if this were some fabulous unique indicator, we’d be stuck at this point. That’s one reason I was so pleased to be able to offer the Elite Series add-on to the eotpro indicators… it opens their technology up for use in strategies and custom indicators.

Anyway, this looked like a smooth MA, and it just so happened that the first smooth MA I threw on screen matched the vendor’s indicator almost exactly. So funny… I feel sorry for everyone that’s paying for that one.

For reference, when I want a smooth MA, I always reach for the T-3 average, the Hull average, and the Linear Regression Curve. Usually one of those three will give me what I want. This indicator happened to match the Lin Reg Curve.

Watch this post's video on Youtube

Apr 19

Had to do the video one day late, as I was exhausted on Friday by the time I quit trading. I had stayed up all night the night before fixing up the website. Turns out, I was overdue for a wordpress update since spammers had found a way to put hidden links in all my posts. I would encourage all wordpress bloggers to check their header.php and footer.php every now and then for code you didn’t put there.

Anyway, trading-wise, Friday was a pretty good day. My ultra-conservative signals didn’t fire too many times, but when they did it was a good opportunity. Very nice.

Watch this post's video on Youtube

Apr 17

I come in at about the 46 minute mark. But you may want to watch Bill and Glen’s sections. Glen previews a new scalping method he’s working on, which looks pretty cool. Here is a link to the streaming video:

http://eotpro.acrobat.com/p78032922/.

It was great that there were so many questions. I enjoyed the Q&A part. On the other hand, there were so many questions that I only got to show off a small fraction of the elite package I’ve made available. I was able to go over quite a bit more at my first seminar.

Apr 17

I go over my two trades, and also talk about all the software I use, in response to a user question.

Watch this post's video on Youtube

Apr 16

Pretty bland day… mostly choppy until the end of the day when I had already quit for the day. I made one trade for decent profit.

Watch this post's video on Youtube

Apr 16

I downloaded the latest tradestation build tonight, and played with the simulator and new matrix features. I’m pretty pleased with the new stuff. I know a lot of folks say “too little, too late,” but I have actually been pretty happy with TS.

Watch this post's video on Youtube

Apr 14

I made three trades today, and quit around noon. Not a bad lifestyle. It was 1 loss and 2 wins, as you will see.

I am getting pretty happy with my current setup. It incorporates several old and new ideas together in a way that gives very few signals with (seemingly) high probabilities of winning. I have yet to convert it into a strategy to test. The problem with “testing” my manual trading strategies is that my exits are very discretionary even if my entries are mostly not. But, I could go for a simple money management scheme and at least get a feel for what the entries test like that way. We’ll see. It’s only just now possible to even try it, thanks to the ‘elite functions’ opening up the needed indicators for use in strats.

Speaking of the elite series: The ‘elite’ set of functions and indicators I’ve released through eotpro is growing at a nice pace. To date, there are 7 more functions and 6 more indicators planned for the May release, and I know of a couple more I’m trying to fit in. Thanks to everyone who has subscribed, or is considering it. I hope you are enjoying all the new freedom it affords you when piecing together indicators and strategies. I know I am!

Watch this post's video on Youtube

Apr 11

I’m traveling, so I wasn’t trading live, but I take you through a trade I would have made in real life. Trading real money, I’d almost certainly have grabbed 2 points on 2 contracts… it was just taking way too long. But, since it was sim dollars at stake, I held my ground and went for 4 points on the second contract. This is one reason why, in my opinion, sim trading is only helpful to a certain point. It’s just not the same when you have real money evaporating at high speed!

Anyway, once again the trade I choose to record is one that drags out forever. Why is that???

Watch this post's video on Youtube

Apr 9

I brought some old favorites back into my trading setup today. Specifically, my rolling vwaps, and I’m repurposing an old chop indicator I developed last year. I didn’t trade it yet, but I will start tomorrow. I think it looks pretty nice. Pretty clean, screen-wise. If I know me, though, I’ll bring back at least one squiggly line soon. I like that gvolume oscillator too much to hide it in a dot.

Watch this post's video on Youtube

Apr 7

It’s been a while since I’ve done a live trade. This one wasn’t too spectacular (1.25 pt winner across 2 contracts). Why is it that the live trades always take 8 minutes, while a lot of my trades are over in 30 seconds?!? But, it does show off the murray math lines, and is a typical way I manage a countertrend trade.

Update: it turns out that price went down to my second target EXACTLY… so maybe I’d have been filled or maybe I wouldn’t have. But, I’m happy with my decision to exit either way.

it hit my target

Watch this post's video on Youtube

Apr 4

I show some charts, talk about my seminar, and talk about my hellish night of power outages and faulty fire alarms.

Watch this post's video on Youtube

Apr 4

Every Thursday night, the eotpro folks hold “indicator night,” where they go over their indicators and answer questions from clients and guests. Well, last night, I gave about an hour seminar on the new functions and indicators I’ve been working on. And, it was recorded!

Here’s the link to the streaming video:

http://eotpro.acrobat.com/p79376846/

Watch it. Because I said so!

The first half hour is Bill going over the major eotpro indicators, and then I come on and go over a big chunk of the new stuff I’ve put together for them. If you just want my portion, you can seek to it, but if you are unfamiliar with the eotpro indicators you’ll probably find that first part interesting as well. Even though it’s over an hour, we still didn’t touch on everything.

It’s a big package I’m releasing, full of things that people have been requesting from me, based on my videos. And, until now, I’ve always had to turn them down… either because the needed functions were not there, or because I do not release indicators I use to put food on my table for free. Both of those issues have been taken care of now, and I’m pretty happy with the reception I’ve gotten and the excitement generated so far. I’ve been getting phone calls from around the world asking about the availability of these indicators. Good for my ego, not so good for my phone bill.

Mar 31

Check this out… I think it’s pretty interesting.

I’ve made a generalized Alla’s Average, which:

  • you can apply to any data series
  • you can use in code, and backtest against
  • you can speed up and slow down, just like with other moving averages

This opens up many possibilities. For instance, I took a couple minutes and threw together an Alla’s MACD, and at first glance that looks pretty cool. Basically, now you can use Alla’s Average anywhere you would use a “standard” moving average type, and see what happens.

Watch this post's video on Youtube

Mar 28

Here’s a profit taking indicator I’m working on, in relation to those s/r lines I talked about in last night’s post.

Watch this post's video on Youtube

« Previous Entries Next Entries »