Tuesday, November 3, 2009

Paid trading advice Services

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for beginner to start
1) afraid to trade corey premium lessons $10 each and master those concepts
2) have esignal basic $25/month and setup in 'Replay' mode and do PRACTICE, PRACTICE .. ( have multiple windows for CSCO and SP500 et..) , use above learned 'momemtum' divergence etc.. and apply . see my post 'Practice , Practice of what Mr. K told'
3) master Candle sticks and do Practice with esignal 'replay'
4) asr: one has to practice these with intrdday data with esignal 'Replay' mode ( i think they provide 3 to 4 months intra day data for $29 )
- good thing they have build-in replay mode , you set delay and barlength( 5 min or 10 min et..) so you just sit and do paper trade .
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4 signal sets for commodities
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signal set 1: VP signals for all commodities grains, metals, energy
signal set 2: Bigalow commodity signals ( premium subscription) based on candle stick patterns
signal set 3: MRCI moore seasonals ( enter MRCI data into csv files and load into charts , you do not need complex program just make CSV file with OpenOffice CALC and edit as required )
signal set 4: use hightowerreport newletter daily commentary to log in csv file for commodities ..
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- with MRCI back issues ( 5 yeras ) have them as html files and use PHP to extract data into CSV files and display
- PLOT an indicator from this MRCI historic values
- also go back in time and PRactice on esignal REPLAY with 'MRCI' displayed as values for OIL, SP500 , EURO etc..


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Steve Bigalow Nice Video on Commodities trading signals
( see sample report below on the video he gives most profitable trades based on candle stick patterns)

Open Positions Follow-up

Sneak Peek at Pick of the Day
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Afraid to trade PRemium news letter:
asr: bottom line, his anlysis is good for intraday trader b) probably we can use these 3/10 oscillator , TICK divergence, Bredth etc.. to practice 'on esignal' 'Replay' mode to see how it works what you learned , how well you can 'predict it' in real-time the 'next move of the market' with Replay mode.

Corey Premium news letter is 'analysis of the day in the context of intra-day' to reivew in the evening , it is not real time based. He analyse day at the end of the day.

The principle is that “The more times you see these trades and structures develop in the calm of your evening analysis, the better you’ll be in real-time to Recognize These Opportunities and Put the Trades on and manage risk accordingly in the heat of battle”

More importantly, I highlight the “Ideal Trades” or highest probability, lowest risk trade set-ups for near-perfect examples of how to develop your understanding and trading skills through seeing repeated, specific examples such as flags, breakout moves, TICK and Momentum Divergences, Fibonacci retracements, Candle Patterns, Elliott Wave overlay trades, “Three Push” Patterns, and many more.

see sample reports at the bottom
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worldcupadvisor - Traders Profiles:
https://www.worldcupadvisor.com/AdvisorProfile/Default.aspx

asr: having Stephan BIgalow as first guy, this site showed this has quaility , same as #5 Hayes must be some credible
Michael Hayes

Trading systems CTGFUTURES
http://ctgfutures.com/index.php?option=com_content&task=view&id=100&Itemid=155
asr: 1/ we need to use this 5 day trail system to capture BUY/sell indicator data in .csv files with TS (need to ask a guy who has TS )
2/ interesting this $800 system, using 2 time frames ..

Swing Trade
At CTG we use 20 minute charts configured with our proprietary CTG Bar Trend Paint Bars and a 200 Exponential Moving Average to identify turns.
CTG SWING TRADING LESSON -
CLASSIC SWING TRADE
asr: intersting to note 20 min charts for Swing Trades with FUtures
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1. bespoken
- have access to hisotric 2 year old all archives ( can check how their earnings gap up/down analysis worked )
- has historic earning dates how the gapup/gap down behaved ( amazon recent good traded wokred)
- gives lots of econmic indicators and how they behaved in the past

1.2 Maui trader: bigwave trading
- seems good to learn how to best use Telecharts
- Mr. K has read list blog so must have some value

2/ Stock Bandit ( in Mr. K list of news-letters)
- it has daily commentary on tech cahrt
- it gives 17 trades in 3 months so 5 trades a month that is 1 trade a week on avg. ( author says he gives only quality not 'many trades' that may be reason why Mr. K had in his list )
SAMPLE NEWSLETTER
see profit factor: 5.2/1.8 => 3 ( in best july-sept 2009 , otherwise it may be 2 ) . Our VP might have better PF like > 3


2. MarketTells ( K list)
What to Make of Friday’s Spike in Volume
11/17/09 comment on Market
More Evidence of an Unusually Strong Trend -- this prediction of strong market DID NOT work, market tanked after SEP 22



2.2 stockbee
- shows good trading gains posted on web site ( need to find historic )
Market Monior



4. tradingpoints
- showing S1/R1 and pivots for Weekly and daily

5. http://www.chartswingtrader.com/search/label/Charts
- he is follower of stockbee and has can learn some charts usage ( telecharts) for $3
- in Mr. K read list

6.
http://www.highchartpatterns.com/bestofblog.htm -- this link came from stockbee site



7. Alphatrends.net
- on chart.ly he is 2 nd popular poster
http://www.alphatrends.net/frequently-asked-questions/
http://www.alphatrends.net/2008/07/chase-the-gap-or-wait-for-vwap/
VWAP reference

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Candle Stick courses ( for non-technical , not so savvy users these videos help)
http://www.candlestickforum.com/store/products.asp?Category_ID=24

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StockBee -- additional

3 concepts: Earnings, Momentum, Neglet



user comments on three concepts above ( at bottom of url page)
Actually, momentum IS technical analysis, because technical analysis is the study of price, volume, and sentiment. 2/3 of your methodology is technical analysis.

The difference, Pradeep, is not that you "don't use technical analysis" - you DO - it's just that you use technical analysis in a quantitative and scientific manner, which is what's lacking in most practicioners of technical analysis.

skytrader said...

Pradeep
Some interesting observations on the the incredible power of momentum stocks. Eddy Elfenbein comments

I was completely stunned by the incredible outperformance of stocks with high momentum, meaning stocks that are surging have a tendency to keep on surging. I was aware of some of the academic literature on this subject, but I have to confess that I was completely dumbfounded by the results.

The Incredible Power of Momentum Stocks

http://www.crossingwallstreet.com/archives/2007/12/the_incredible.html
Dec 20, 2007 8:31:00 PM
Pradeep Bonde said...

I figured that out 7 years ago. Anyone who ventures beyond technical analysis will find this out immediately. The first challenge to efficient market hypothesis was PEADS and momentum anomaly.

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http://ripetrade.blogspot.com/
-- mentioned on Mr. K blog read list
http://ripetrade.blogspot.com/2009/04/q1-systems-review.html

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If you wanted to learn Chart pattern reading this is the best
http://traderfeed.blogspot.com/2009/01/making-most-of-traderfeed-resources.html

http://education.afraidtotrade.com/ -- good short lessons on each topic when you click

Price Consolidation after a long Downtrend with Increasing Volume is Bullish

This scenario represents accumulation, in that funds are meeting any selling pressure buy accumulating all available shares, and thus “they know something the mass public doesn’t” or otherwise will catch onto later which could lead to the birth of a new trend.

4. Price Consolidation after a long Uptrend with Increasing Volume is Bearish

For the opposite reason, after a long rise in price, if price consolidates for a long period of time, yet volume increases, this means that funds are distributing their shares to the numerous buyers who can’t push prices higher, and when the buying pressure eases off, the price would be more likely to fall (or start a new downtrend) than continue rising.
--

Trader Mike bio
http://tradermike.net/2003/05/breaking_it_down/

1 comment:

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