Sunday, December 6, 2009

Trading Network

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look at this bzbtrader blog, see comments section , these traders are already doing 'networking' to test different ideas and share workload, joining this kind of group and proposing new projects shown below (RMO) etc.. will give better results than just going to Elitetrader and starting with new guys .

http://bzbtrader.blogspot.com/2008/08/williams-r-trading-model.html

Offer 'Trading Network' group on Elitetrader post :
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pitch : if you take making a software project or granting a big loan to a company , all these are 'group efforts' , trading should be same .
- ask MR. K if somebody from that group can be contracted for 'networking' since we take many idea of Mr. K to research further .

tools: google finance spreadsheet, google presentation (ppt) , google word
projects:
1) coding Japanese Candle sticks patterns based on the book
http://www.amazon.com/Profit-Candlestick-Patterns-Stephen-Bigalow/dp/0977375706/ref=pd_sim_b_3
2) coding RMO to flat CSV file: The Rahul Mohindar Oscillator (RMO) released in with MetaStock 10 has become one of the most popular features of MetaStock. MetaStock 11 offers 6 NEW alerts for the RMO, including: buy above high, sell below low, new blue bar, new red bar, entering bullish zone, and entering bearish zone.
http://www.equis.com/whc/MS11.aspx
3) creating COT flat file ( for all DATES) base on below cotstimer.com data
4) these RMO, Japanese candle stick are created as flat file CSV file uploaded to a server and members will download and use in their software ( TS, Ninja , stockfinder etc..) as indicators ..

III: people Strengths: people need to bring one strength area to the table, where they can contribute with out much effort as they are masters of that area.
a) coding b) speciality (ex. Japanese candle or RMO )
IV: process: weekly discussion , evaluating diff. systems ( ex. diff japanese candle sticks) , finalizing project , and project-manager assigns tasks ( in google spread sheet )

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1. CT ( http://cotstimer.blogspot.com/)
2. ST Seassionals Timer: MRCI.com
3. JT Japanese Candle stick Timer: patterns
for the timers 1 and 2 work with cotstimer.com and tuckerreport.com
http://tuckerreport.com/indicators/cot-data

a) propose you offer back testing combining COTS data ( if provided in text files) with http://www.mrci.com/ seassionals to improve the trade timing ( entry , exit ) and profits.
b) network with both cotstimer and tucker and add JT with another networker etc..
c) all these 3 can be combined in stockfinder or tradestation (tucker uses this one)

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- Mr. K has group of seven in mentoring so they must be his innter group for discussion.
- Brent said professional trader edge is their networking group
- asr: so we need one, try to collect people, seems this Tucker is one of them , experience of 30 yeras and has time ( based on his asking to buy coffee if you like article ).

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Tucker Views
Short term trading can be exhausting, so for a few years I turned to position trading while I ran another business. I am now back to trading full time for my own account. I am not affiliated with any firm. I am not a financial or trading advisor. I simply trade for my own account only.

Intermarket Analysis
My conclusion is that each market should be charted and analyzed individually. Inter-market relationships are fun for discussion, and for financial journalist, but I don’t believe they can help in making trading decisions.
asr: Tucker views

Tucker Books
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-http://tuckerreport.com/books/ - has some good old books on commodities, I have this book below. Turcker list is good source for OLD commodity foucused books http://www.amazon.com/gp/product/0934380260?ie=UTF8&tag=tuckrepo-20&link_code=as3&camp=211189&creative=373489&creativeASIN=0934380260

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