Published in February 15th, 2008
First off a big thank you for all who purchased my book. Snap-scan has the book at number 1 best seller for the week!
http://www.snap-scan.com/us_bk.html?p_keywords=nature+of+trend
Thank you all!
Rob Nicholas <rob-nicholas@cox.net> asked me to comment on a proposed trade. Now I don’t have an advisor’s license so I am not commenting on his proposed trade but as […]
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Published in February 14th, 2008
Yesterday we defined our subjective risk thresholds. Today we’ll look at the metrics - the objective approach to defining them.
There are certain key numbers that I collect from my equity journal. Remember that while I will be speaking in terms of ‘dollars’, I also collect the numbers for ‘% of initiating price’ (see The Art […]
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Published in February 13th, 2008
Thanks to all who put pen to paper yesterday. My purpose was to make clear my reasons for writing and I am happy so many share them with me.
In this series, I’d like to talk about position sizing and suggest certain formulas.
Position sizing is part of the Money Management factor in the factors for trading […]
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Published in February 12th, 2008
Once a month I check the analytics for this site. The last time I checked on January 22, we had hit an all time high for visitors. But since then, the numbers have been moving directionally down in a big way!
I couldn’t understand why until I checked the topics. I found that the peak was […]
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Published in February 11th, 2008
Raymond of raymond9@gmail.com posed this question:
“Ray I am reading your blog and having hard time understanding IPM. Looking at current S&P as end of last Friday feb 8, i understand the trend is down and will break the last low at 1272. Question is: I want to short but I am waiting it at least […]
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Published in February 8th, 2008
In this post, I’ll conclude the series on the Market Profile analysis.
Yesterday I wrote in relation to the Directional move from the ‘E’ period on Feb 6:
“Is the move from ‘E’ the start of a new Initial Price Movement down or part of a rotational process?
If a new Initial Price Movement, are we likely to […]
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Published in February 7th, 2008
In SP Intraday 2, I said that there were major differences between the gap on Tuesday and the potential gap yesterday (potential at time of writing).
If we put aside the size of the gap, the differences I spoke of were structural. In order to explain these differences, I need to give you some […]
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Published in February 6th, 2008
A follow-up to my earlier post.
I said earlier that where there is a gap (I meant open-close gap) of 4% to 8% I expect a trend day if at least 50% of the gap is not closed in the first hour. However, as with all of my ideas, this behavioural parameter (set-up) is driven by […]
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Published in February 6th, 2008
In the S&P series (S&P I to VII), I showed my thought processes for end of day analysis. In today’s blog I want to do the same for intraday data.
I generally do not day trade. Even when I do, like my trading on February 05, it’s within the context of improving my entry price. My […]
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Published in February 5th, 2008
Today I want to talk about a subject that normally causes participants to doze - it’s a very unsexy subject. Unsexy but very important. So bear with me.
There are two issues I have with many commercial position sizing software:
The software allows only testing on an instrument by instrument basis.
It reports only on dollar results
There […]
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