1739511221,timestamp,4-5
stcov411alqa,d,"{""minimum-quantity"":""1"",""path"":""ch2f2018"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:02 (17): Algo Q&A by Kevin J. Davey"",""caption-linebreaks"":""Algo Q&A by Kevin J. Davey
ELIMINATING STRESS?
Long-time discretionary chart trader here, tired of the stress inherent with this type of trading. I am thinking of algo trading instead. If the computer makes buy/sell decisions for me, won’t my stress level and emotions be eliminated?
I hear this a lot: “Oh, I will just algo trade, there are few or no emotions involved in that.”
What a crock ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-19769.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-02-17-algo-q-a-by-kevin-j-davey-5.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-02-17-algo-q-a-by-kevin-j-davey-6.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov41143ou,d,"{""minimum-quantity"":""1"",""path"":""ch2f2018"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:02 (18–22, 43): The Outside Bar: A Rare And Powerful Filter by Andrea Unger"",""caption-linebreaks"":""The Outside Bar: A Rare And Powerful Filter by Andrea Unger
Some price patterns can be used to filter trades. Find out the impact the “outside bar” can have on some trend-following strategies and how useful this can be. This article includes code to discover outside bar frequency in various markets, and sample code to trade those occurrences.
In the markets, trading decisions are made based on the configuration of market prices. This is what makes up price action. It’s commonly said that prices incorporate all available information into their movements and that the trader can start from the prices themselves to decide how to trade ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-19772.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-02-18-22-43-the-outside-bar-a-rare-and-powerful-filter-by-andrea-unger-5.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-02-18-22-43-the-outside-bar-a-rare-and-powerful-filter-by-andrea-unger-6.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov41249ma,d,"{""minimum-quantity"":""1"",""path"":""ch2f2018"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:02 (23, 49): Market Rap by Emilio Tomasini"",""caption-linebreaks"":""Market Rap by Emilio Tomasini
WHY THE 50- AND 20-DAY MOVING AVERAGES ARE STILL EFFECTIVE TODAY
In the field of technical analysis, there are methods and practices that work without any reason. And since technical analysis is an empirical ap-proach, we are forced to accept and acknowledge that a method works well without necessarily knowing why it does ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-19754.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-02-23-49-market-rap-by-emilio-tomasini-5.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-02-23-49-market-rap-by-emilio-tomasini-6.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov412dosm,d,"{""minimum-quantity"":""1"",""path"":""ch2f2018"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:02 (24–28): Do Small Price Changes Matter Or Are They Just Noise? by Perry J. Kaufman"",""caption-linebreaks"":""Do Small Price Changes Matter Or Are They Just Noise? by Perry J. Kaufman
Can trend trading be improved by filtering out small price moves to emphasize the trend? Here are two test cases to help find out.
Are trends more accurate if you ignore small changes in price?\nDoes it really matter if the S&P, or any stock, closes up or down by 1 tick, or even 1/10 of a percent? Are those days just noise ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-19757.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-02-24-28-do-small-price-changes-matter-or-are-they-just-noise-by-perry-j-kaufman-5.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-02-24-28-do-small-price-changes-matter-or-are-they-just-noise-by-perry-j-kaufman-6.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov41240fu,d,"{""minimum-quantity"":""1"",""path"":""ch2f2018"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:02 (29, 40): Futures For You by Carley Garner"",""caption-linebreaks"":""Futures For You by Carley Garner
HOW CAN CRYPTO INVESTORS AVOID COUNTERPARTY RISK AND PROTECT FUNDS? (PART 1)
In light of the failure of FTX, a popular centralized cryptocurrency exchange, speculators are reminded of the pitfalls that can come with derivative trading beyond the apparent price risk ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-02-29-40-futures-for-you-by-carley-garner-26.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-02-29-40-futures-for-you-by-carley-garner-29.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-02-29-40-futures-for-you-by-carley-garner-30.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov413imtr,d,"{""minimum-quantity"":""1"",""path"":""ch2f2018"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:02 (30–33): Improving Trading Systems By Counting Events by David Bergstrom"",""caption-linebreaks"":""Improving Trading Systems By Counting Events by David Bergstrom
It’s a simple concept that you may not have thought of. Find out how to implement it.
Traders intently seek new trading signals or predictive patterns that can lead to improved performance. However, one of the most overlooked methods of improving indicators is to simply count how often an event triggers in a rolling window ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-19760.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-02-30-33-improving-trading-systems-by-counting-events-by-david-bergstrom-5.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-02-30-33-improving-trading-systems-by-counting-events-by-david-bergstrom-6.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov413cran,d,"{""minimum-quantity"":""1"",""path"":""ch2f2018"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:02 (34–37): Cryptocurrencies And Seasonality: Crypto Winter Part 2 by Azeez Mustapha"",""caption-linebreaks"":""Cryptocurrencies And Seasonality: Crypto Winter Part 2 by Azeez Mustapha
Did you know a pattern exists in cryptocurrencies where two years of a bear market are often followed by two years of a bull market? This is a type of seasonality that you could profit by, both on the short and long side. Here is what to look for to help spot the crypto winter pattern.
The cryptocurrency market is a technical space that requires understanding for an investor to be profitable.
It also helps to understand that different types of trading approaches are suitable for different types of traders ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-18046.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-02-34-37-cryptocurrencies-and-seasonality-crypto-winter-part-2-by-azeez-mustapha-5.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-02-34-37-cryptocurrencies-and-seasonality-crypto-winter-part-2-by-azeez-mustapha-6.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov413sate1,d,"{""minimum-quantity"":""1"",""path"":""ch2f2018"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:02 (38–40): The Savvy Technician by Stella Osoba"",""caption-linebreaks"":""The Savvy Technician by Stella Osoba
YEAR-END MARKET ANALYSIS
As we wave 2022 good-bye and look forward to 2023, it is always a good idea to reflect on the past and plan for the future. As traders and investors, there is no better way to do this than by using line charts to compare various markets, sectors, indexes, and stocks ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-18049.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-02-38-40-the-savvy-technician-by-stella-osoba-5.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-02-38-40-the-savvy-technician-by-stella-osoba-6.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov414exyo,d,"{""minimum-quantity"":""1"",""path"":""ch2f2018"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:02 (41–43): Explore Your Options by Jay Kaeppel"",""caption-linebreaks"":""Explore Your Options by Jay Kaeppel
DECIDING BETWEEN STRIKE PRICES
I typically buy call options. But I am having trouble deciding which strike price to buy. Are there any guidelines to decide which is best?
“Best” is in the eye of the beholder. The key is understanding the risk/reward tradeoff among the various strikes ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-18052.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-02-41-43-explore-your-options-by-jay-kaeppel-5.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-02-41-43-explore-your-options-by-jay-kaeppel-6.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov414trti,d,"{""minimum-quantity"":""1"",""path"":""ch2f2018"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:02 (44–49): Traders’ Tips by Technical Analysis, Inc."",""caption-linebreaks"":""Traders’ Tips by Technical Analysis, Inc.
This month, instead of focusing on a particular article in this issue, we asked the software developers who regularly contribute to this section to submit something on a topic of their own choosing, whether that be an idea, technique, or program feature. So here, you will find some custom coding and some helpful pointers for implementing a technique or for using a platform feature.
The code for the following Traders’ Tips selections is posted here:
• Traders.com > Home–S&C Magazine > Traders’ Tips
At Traders.com you can also right-click on any chart to open it in a new tab or window and view the chart at a much larger size.
The Traders’ Tips section is provided to help readers implement a selected technique from an article in this issue or another recent issue. The entries here are contributed by software developers or programmers for software that is capable of customization."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-18040.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-02-44-49-traders-tips-by-technical-analysis-inc-5.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-02-44-49-traders-tips-by-technical-analysis-inc-6.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov415trpe,d,"{""minimum-quantity"":""1"",""path"":""ch2f2018"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:02 (53–55): Trading Perspectives by Rob Friesen"",""caption-linebreaks"":""Trading Perspectives by Rob Friesen
TRADING GAP OPPORTUNITIES THROUGH RELATIONSHIP-BASED INSTRUMENTS
Most traders are familiar with market gaps, and some know how to trade them successfully. These past few years have been very generous to traders in supplying frequent gaps to trade on ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-18043.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-02-53-55-trading-perspectives-by-rob-friesen-5.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-02-53-55-trading-perspectives-by-rob-friesen-6.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov416da10,d,"{""minimum-quantity"":""1"",""path"":""ch2f2018"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:02 (6–7): Daytrading The 10am Reversal by Ken Calhoun"",""caption-linebreaks"":""Daytrading The 10am Reversal by Ken Calhoun
Professional traders are always on the lookout for chart patterns that repeat. An easy one to recognize is the daily 10am reversal pattern.
Carefully look at any major index chart over the past year (S&P, NASDAQ, Dow, Russell); you’ll see that markets often reverse direction near 10am daily ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-19763.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-02-6-7-daytrading-the-10am-reversal-by-ken-calhoun-5.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-02-6-7-daytrading-the-10am-reversal-by-ken-calhoun-6.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov417leto,d,"{""minimum-quantity"":""1"",""path"":""ch2f2018"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:02 (7): Letters To S&C by Technical Analysis, Inc."",""caption-linebreaks"":""Letters To S&C by Technical Analysis, Inc.
ERRATA: SHORT-TERM CONTINUATION AND REVERSAL SIGNALS
Editor,
\nI received an email from an astute S&C reader who spotted an important omission from the formula code in my article “Short-Term Continuation and Reversal Signals,” which appeared in the December 2022 issue of S&C. I had inadvertently left out ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-02-7-letters-to-s-c-by-technical-analysis-inc-25.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-02-7-letters-to-s-c-by-technical-analysis-inc-29.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-02-7-letters-to-s-c-by-technical-analysis-inc-30.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov418trhi,d,"{""minimum-quantity"":""1"",""path"":""ch2f2018"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:02 (8–16): Trade High-Yield Bond Funds Using EMAs—From Simple To Complex by Ken Huck & Nelson Huck"",""caption-linebreaks"":""Trade High-Yield Bond Funds Using EMAs—From Simple To Complex by Ken Huck & Nelson Huck
High-yield bond funds can provide stock equity-like returns with significantly less volatility and significantly smaller drawdowns. Exponential moving averages (EMAs) are a popular way to trade these funds and strategies can range from very simple to complex. Read on for an approach you can use.
One of the most common methods that investors use to trade high-yield (HY) bond funds is with moving averages. Effective trading signals can be built using simple moving averages ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-19766.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-02-8-16-trade-high-yield-bond-funds-using-emas-from-simple-to-complex-by-ken-huck-nelson-huck-5.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-02-8-16-trade-high-yield-bond-funds-using-emas-from-simple-to-complex-by-ken-huck-nelson-huck-6.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov411evli,d,"{""minimum-quantity"":""1"",""path"":""ch3m2016"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:03 (14–15): Every Little Bit Helps by John F. Ehlers"",""caption-linebreaks"":""Every Little Bit Helps by John F. Ehlers
It’s simple but makes a noticeable improvement: You can reduce noise in the data by using an average of the open and close instead of using only the closing price. Here’s how to do it.
Market data are sampled data. We technicians usually use the closing price of a bar to represent the sampled price for that bar. Sometimes the average of the high, low, and close is used to represent the sampled data for that bar ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-17906.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-03-14-15-every-little-bit-helps-by-john-f-ehlers-5.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-03-14-15-every-little-bit-helps-by-john-f-ehlers-6.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov411canv,d,"{""minimum-quantity"":""1"",""path"":""ch3m2016"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:03 (16–20): Can Volume Predict Price? by Perry J. Kaufman"",""caption-linebreaks"":""Can Volume Predict Price? by Perry J. Kaufman
What does higher or lower volume today suggest about tomorrow’s price? Here’s a test to find out.
Volume is a frustrating piece of data. We all believe that it’s important, yet no one has shown a robust use for it. Chartists claim that volume confirms a trend, but it’s a matter of seeing an erratic increase in volume as prices settle in one direction ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-17903.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-03-16-20-can-volume-predict-price-by-perry-j-kaufman-5.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-03-16-20-can-volume-predict-price-by-perry-j-kaufman-6.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov412trco,d,"{""minimum-quantity"":""1"",""path"":""ch3m2016"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:03 (22–25): Trading Contracts For Differences by Gregory Aharonian"",""caption-linebreaks"":""Trading Contracts For Differences by Gregory Aharonian
In some financial markets outside the US, price gaps can be traded by using a derivative instrument called contracts for differences. But there are risks. Traders can minimize the risks by having a good understanding of them and the costs involved. So for those outside the US and who trade outside of US markets, here’s an introduction to using this vehicle, along with some suggestions for what to watch for.
Traders make their profits or losses on the differences in the prices of financial instruments. So why not trade the differences themselves without having to pay for the underlying instrument? Outside the US, there is such a vehicle ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-19606.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-03-22-25-trading-contracts-for-differences-by-gregory-aharonian-5.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-03-22-25-trading-contracts-for-differences-by-gregory-aharonian-6.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov41235co,d,"{""minimum-quantity"":""1"",""path"":""ch3m2016"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:03 (26–33, 35): A Conversation With Charles Kirk by Leslie N. Masonson"",""caption-linebreaks"":""Interview: A Conversation With Charles Kirk by Leslie N. Masonson
Charles E. Kirk is an independent, full-time ETF trader, and is the longtime publisher of The Kirk Report (www.kirkreport.org). The report started out as a popular blog in 2003, when Kirk began regularly posting about stocks, trading, investing, and the market, with an emphasis on education rather than recommendations or advice. Leslie Masonson interviewed Charles Kirk in January 2023 about his three decades of trading and investing, his philosophy on learning, and his experiences publishing his newsletter ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-19603.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-03-26-33-35-a-conversation-with-charles-kirk-by-leslie-n-masonson-5.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-03-26-33-35-a-conversation-with-charles-kirk-by-leslie-n-masonson-6.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov413mara,d,"{""minimum-quantity"":""1"",""path"":""ch3m2016"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:03 (34–35): Market Rap by Emilio Tomasini"",""caption-linebreaks"":""Market Rap by Emilio Tomasini
THERE IS NO MAGIC IN ELLIOTT WAVES, AND TREND IS NOT FOREVER
Technical analysis can be divided into two broad subsets of techniques: trend-following and mean-reverting. As soon as you start from this per-spective, everything becomes easier ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-19609.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-03-34-35-market-rap-by-emilio-tomasini-5.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-03-34-35-market-rap-by-emilio-tomasini-6.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov41349fu,d,"{""minimum-quantity"":""1"",""path"":""ch3m2016"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:03 (36, 49): Futures For You by Carley Garner"",""caption-linebreaks"":""Futures For You by Carley Garner
HOW CAN CRYPTO INVESTORS AVOID COUNTERPARTY RISK AND PROTECT FUNDS?
(PART 2 OF 2)
As a quick primer, last month, we discussed that cryptocurrency brokerages are largely unregulated and are, therefore, not mandated to segregate their customers’ funds from those of their own brokerage operations ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-03-36-49-futures-for-you-by-carley-garner-26.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-03-36-49-futures-for-you-by-carley-garner-29.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-03-36-49-futures-for-you-by-carley-garner-30.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov41325sw,d,"{""minimum-quantity"":""1"",""path"":""ch3m2016"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:03 (37, 25): Swing Trading 90-Day 25-SMA Pivots by Ken Calhoun"",""caption-linebreaks"":""Swing Trading 90-Day 25-SMA Pivots by Ken Calhoun
Here is a way to identify setups to buy the pivot as price action moves up following a downtrend, using a 25-day simple moving average on a 90-day candlestick chart. The technique is well-suited to a position-sizing approach and to high-volatility instruments.
As buyers come back into the market following the bear market of 2022, it is helpful to identify technical setups for long pivot entries ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-19594.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-03-37-25-swing-trading-90-day-25-sma-pivots-by-ken-calhoun-5.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-03-37-25-swing-trading-90-day-25-sma-pivots-by-ken-calhoun-6.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov413exyo,d,"{""minimum-quantity"":""1"",""path"":""ch3m2016"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:03 (38–41): Explore Your Options by Jay Kaeppel"",""caption-linebreaks"":""Explore Your Options by Jay Kaeppel
BULL CALL AND BEAR PUT SPREADS: FILTERING FOR TREND AND LIQUIDITY
I find that I favor bull call and bear put spreads. Unfortunately, there are so many stocks to consider and so many potential spreads that can be entered. I am unsure how to decide which trade or trades to take.
The first thing to remember is that there is no such thing as “the best trade”—except in hindsight ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-19591.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-03-38-41-explore-your-options-by-jay-kaeppel-5.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-03-38-41-explore-your-options-by-jay-kaeppel-6.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov414capr,d,"{""minimum-quantity"":""1"",""path"":""ch3m2016"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:03 (42–49): Cannabis’s Promising Future Lies Ahead, or Does It? by Leslie N. Masonson"",""caption-linebreaks"":""Cannabis’s Promising Future Lies Ahead, or Does It? by Leslie N. Masonson
Cannabis ETFs offer an opportunity to participate in an industry that is expected to mushroom in the decades ahead as more individuals on a worldwide basis participate in its recreational and medicinal uses. Certainly, there are legal and regulatory roadblocks ahead, and future happenings are unknown, but having a small slice of your portfolio \""in the weeds\"" could turn out to be to be an investment “high.” Check out some possible ETF and stock opportunities here.
Before delving into the ETFs and stocks in the cannabis category, let’s first define our terms. According to one online dictionary I checked, cannabis is “a tall plant with a stiff upright stem, divided serrated leaves, and glandular hairs ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-19600.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-03-42-49-cannabis-s-promising-future-lies-ahead-or-does-it-by-leslie-n-masonson-5.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-03-42-49-cannabis-s-promising-future-lies-ahead-or-does-it-by-leslie-n-masonson-6.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov41541tr,d,"{""minimum-quantity"":""1"",""path"":""ch3m2016"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:03 (50–55, 41): Traders’ Tips by Technical Analysis, Inc."",""caption-linebreaks"":""Traders’ Tips by Technical Analysis, Inc.
For this month’s Traders’ Tips, the focus is John Ehlers' article in this issue “Every Little Bit Helps.” Here, we present the March 2023 Traders’ Tips code with possible implementations in various software.
The code for the following Traders’ Tips selections is posted here:
• Traders.com > Home–S&C Magazine > Traders’ Tips
At Traders.com you can also right-click on any chart to open it in a new tab or window and view the chart at a much larger size.
The Traders’ Tips section is provided to help readers implement a selected technique from an article in this issue or another recent issue. The entries here are contributed by software developers or programmers for software that is capable of customization."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-19597.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-03-50-55-41-traders-tips-by-technical-analysis-inc-5.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-03-50-55-41-traders-tips-by-technical-analysis-inc-6.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov41541al,d,"{""minimum-quantity"":""1"",""path"":""ch3m2016"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:03 (56, 41): Algo Q&A by Kevin J. Davey"",""caption-linebreaks"":""Algo Q&A by Kevin J. Davey
HAVING YOUR CAKE
I just developed an algo I really like. I was a little concerned with performance, so I decided to filter for day of week. I found that if I excluded trading on Fridays my net profit increased by 13%. Should I switch to this new “no trading on Friday” version?
If I understand your situation well, you have an algo strategy with back-test performance that is not quite what you’d like ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-17912.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-03-56-41-algo-q-a-by-kevin-j-davey-5.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-03-56-41-algo-q-a-by-kevin-j-davey-6.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov416trpe1,d,"{""minimum-quantity"":""1"",""path"":""ch3m2016"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:03 (60–62): Trading Perspectives by Rob Friesen"",""caption-linebreaks"":""Trading Perspectives by Rob Friesen
SOME THINGS NEVER CHANGE, AND SOME CAN BE USED IN FRESH WAYS
I first started trading with Bright Trading in 1998. I can still recall the “duck sheet” we used at the time that laid out some best practices (for that era) when considering whether to take a trade ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-17909.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-03-60-62-trading-perspectives-by-rob-friesen-5.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-03-60-62-trading-perspectives-by-rob-friesen-6.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov416sate,d,"{""minimum-quantity"":""1"",""path"":""ch3m2016"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:03 (6–7): The Savvy Technician by Stella Osoba, CMT"",""caption-linebreaks"":""The Savvy Technician by Stella Osoba, CMT
BUY WHEN STOCKS ARE CHEAP
“When investing, pessimism is your friend, euphoria is your enemy.”
\n—Warren Buffett
In bear markets, stocks typically are “on sale.” The deeper the rout, the cheaper the stocks ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-03-6-7-the-savvy-technician-by-stella-osoba-cmt-25.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-03-6-7-the-savvy-technician-by-stella-osoba-cmt-29.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-03-6-7-the-savvy-technician-by-stella-osoba-cmt-30.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov41820ad,d,"{""minimum-quantity"":""1"",""path"":""ch3m2016"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:03 (8–12, 20): An Adaptive Moving Average For Swing Trading by Scott Cong, PhD"",""caption-linebreaks"":""An Adaptive Moving Average For Swing Trading by Scott Cong, PhD
Here, we introduce a new adaptive moving average that is responsive, smooth, and robust.
In this article, I will propose a new adaptive moving average (AMA). It adjusts its parameters automatically according to the volatility of market, tracking price closely in trending movement, staying flat in congestion areas ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-17900.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-03-8-12-20-an-adaptive-moving-average-for-swing-trading-by-scott-cong-phd-5.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-03-8-12-20-an-adaptive-moving-average-for-swing-trading-by-scott-cong-phd-6.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov41121re,d,"{""minimum-quantity"":""1"",""path"":""ch4a2019"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:04 (14–17, 21): Repatriation by Perry J. Kaufman"",""caption-linebreaks"":""Repatriation by Perry J. Kaufman
Traders are always looking for tradable patterns in the data. Here is a pattern used by currency traders that you may not have heard of and that could provide an edge.
By now, we know that the stock market is a complex vehicle for investing. Each person or institution has their own reason for buying and selling and their own timing ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-04-14-17-21-rerpatriation-by-perry-j-kaufman-21.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-04-14-17-21-repatriation-by-perry-j-kaufman-5.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-04-14-17-21-repatriation-by-perry-j-kaufman-6.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov41141mi,d,"{""minimum-quantity"":""1"",""path"":""ch4a2019"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:04 (18–20, 41): Mining Patent Documents For Trading Ideas by Gregory Aharonian"",""caption-linebreaks"":""Mining Patent Documents For Trading Ideas by Gregory Aharonian
Did you know that patent documents can be a good source of trading ideas for stocks, options, and bonds? It may be an opportunity to gain a trading edge from publicly available information. Find out how you may be able to find and use some of the information.
Good traders are always looking for an edge in their trading and are always looking for new trading techniques to harness. Profitable strategies must be able to exploit something that probabilistically puts you at a slight advantage ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-17942.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-04-18-20-41-mining-patent-documents-for-trading-ideas-by-gregory-aharonian-5.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-04-18-20-41-mining-patent-documents-for-trading-ideas-by-gregory-aharonian-6.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov41255tr,d,"{""minimum-quantity"":""1"",""path"":""ch4a2019"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:04 (22–27, 55): Trading GLD In The Age Of Zero Commission Part 1 by Massoud Metghalchi, PhD, and Linda A. Hayes, PhD"",""caption-linebreaks"":""Trading GLD In The Age Of Zero Commission Part 1 by Massoud Metghalchi, PhD, and Linda A. Hayes, PhD
Come follow along on a quest to discover profitable trading rules you can use, based on a few technical indicators. In this two-article series focusing on two different markets, we’ll conceptualize some strategies and technical trading rules, test them, and then compare the results. Here in part 1, the focus is on trading a popular gold market ETF.
In the September 2022 issue of Technical Analysis of Stocks & Commodities, I and coauthor Peggy Cloninger presented an article on trading the natural gas ETF UNG (“Trading Natural Gas Using UNG”). In the article, we used a Coppock indicator ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-17936.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-04-22-27-55-trading-gld-in-the-age-of-zero-commission-part-1-by-massoud-metghalchi-phd-and-linda-a-hayes-phd-5.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-04-22-27-55-trading-gld-in-the-age-of-zero-commission-part-1-by-massoud-metghalchi-phd-and-linda-a-hayes-phd-6.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov412inco1,d,"{""minimum-quantity"":""1"",""path"":""ch4a2019"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:04 (28–32): Interview: A Conversation With John Ehlers by Kevin J. Davey"",""caption-linebreaks"":""Interview: A Conversation With John Ehlers by Kevin J. Davey
After four decades of providing products, services, and education to traders through his company, MESA Software, John F. Ehlers has announced his retirement. Ehlers, a Contributing Editor to STOCKS & COMMODITIES since nearly the magazine’s launch, is a pioneer in the use of cycles and digital signal processing (DSP) technical analysis. Formerly, he was an engineering fellow for Raytheon. Kevin Davey interviewed him to discuss his trading and analysis approach, his thoughts on where quantitative financial analysis is heading, and his long and meaningful contribution to the fields of technical analysis and quantitative financial analysis ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-17939.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-04-28-32-interview-a-conversation-with-john-ehlers-by-kevin-j-davey-5.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-04-28-32-interview-a-conversation-with-john-ehlers-by-kevin-j-davey-6.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov41335ma,d,"{""minimum-quantity"":""1"",""path"":""ch4a2019"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:04 (33, 35): Market Rap by Emilio Tomasini"",""caption-linebreaks"":""Market Rap by Emilio Tomasini
LOOK TO EXPLOIT PRICING AND MARKET INEFFICIENCIES\n(Or, How I Apply Trading Method-ologies To Antiques On Ebay)
Being a trader is a kind of obsession. But oftentimes, the skills involved in trading give you a way to understand realities in life that go beyond most people’s comprehension of them ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-19618.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-04-33-35-market-rap-by-emilio-tomasini-5.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-04-33-35-market-rap-by-emilio-tomasini-6.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov413fufo,d,"{""minimum-quantity"":""1"",""path"":""ch4a2019"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:04 (34–35): Futures For You by Carley Garner"",""caption-linebreaks"":""Futures For You by Carley Garner
COMMODITY SPECULATORS
Do commodity speculators distort prices and ultimately hurt producers and consumers?
During commodity bull markets, without fail, the discussion of whether speculators are doing more harm than good to the price discovery process arises ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-19621.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-04-34-35-futures-for-you-by-carley-garner-5.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-04-34-35-futures-for-you-by-carley-garner-6.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov413ddrp,d,"{""minimum-quantity"":""1"",""path"":""ch4a2019"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:04 (36–40): The “Day Drop” Pattern by Andrea Unger"",""caption-linebreaks"":""The “Day Drop” Pattern by Andrea Unger
Here is a price pattern you may not have heard of that you can use as a trade filter to improve system performance. In this article, we’ll step through the process of writing some code to develop a trading strategy, we’ll test adding some rules and conditions—including the filtering of trades using this price pattern—and we’ll review the resulting system performance metrics.
Use price patterns in a trading system? Yes, but never as a starting point.
At Unger Academy, we teach when and how to apply price patterns to different trading approaches ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-04-36-40-the-day-drop-pattern-by-andrea-unger-26.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-04-36-40-the-day-drop-pattern-by-andrea-unger-29.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-04-36-40-the-day-drop-pattern-by-andrea-unger-30.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov414avtr,d,"{""minimum-quantity"":""1"",""path"":""ch4a2019"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:04 (42–43): Average True Range Breakouts by Ken Calhoun"",""caption-linebreaks"":""Average True Range Breakouts by Ken Calhoun
The ATR was originally designed to indicate when daily ranges are increasing or decreasing. Here, we show you how you can use the indicator to spot upside breakouts.
The problem with many indicators is that they are lagging, which is too late for active traders. The strategy I will discuss here ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-04-42-43-average-true-range-breakouts-by-ken-calhoun-26.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-04-42-43-average-true-range-breakouts-by-ken-calhoun-29.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-04-42-43-average-true-range-breakouts-by-ken-calhoun-30.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov414trti1,d,"{""minimum-quantity"":""1"",""path"":""ch4a2019"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:04 (44–49): Traders’ Tips by Technical Analysis, Inc."",""caption-linebreaks"":""Traders’ Tips by Technical Analysis, Inc.
For this month’s Traders’ Tips, the focus is John Ehlers' article in this issue “Just Ignore Them: Undersampling The Data As A Smoothing Technique.” Here, we present the April 2023 Traders’ Tips code with possible implementations in various software.
The code for the following Traders’ Tips selections is posted here:
• Traders.com > Home–S&C Magazine > Traders’ Tips
At Traders.com you can also right-click on any chart to open it in a new tab or window and view the chart at a much larger size.
The Traders’ Tips section is provided to help readers implement a selected technique from an article in this issue or another recent issue. The entries here are contributed by software developers or programmers for software that is capable of customization."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-19630.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-04-44-49-traders-tips-by-technical-analysis-inc-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-04-44-49-traders-tips-by-technical-analysis-inc-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov415bofo,d,"{""minimum-quantity"":""1"",""path"":""ch4a2019"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:04 (53): Books For Traders by Technical Analysis, Inc."",""caption-linebreaks"":""Books For Traders by Technical Analysis, Inc.
The following selection of book descriptions represents a sampling of recent book releases in the investing field. Books described here may be from some of the major book publishers as well as some independent book publishers. These are not critical reviews or editorial evaluations, but rather a brief look at the book marketplace to help keep readers up to date on new or recent book offerings. This month:
The Breakout Trading Revolution: One Proven Trading Formula, Endless Strategies, And How To Attain Ultimate Trading Freedom by Tomáš Nesnidal
Algorithm Trading 101: Trading Made Simple For Everyone, second edition by Jacinta Chan, PhD
Build Your Wealth And Keep Your Health by Dan Geller, PhD
J.K. Lasser’s Your Income Tax 2023: For Preparing Your 2022 Tax Return by J.K. Lasser"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-04-53-books-for-traders-by-technical-analysis-inc-26.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-04-53-books-for-traders-by-technical-analysis-inc-29.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-04-53-books-for-traders-by-technical-analysis-inc-30.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov415alqa,d,"{""minimum-quantity"":""1"",""path"":""ch4a2019"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:04 (54–55): Algo Q&A by Kevin J. Davey"",""caption-linebreaks"":""Algo Q&A by Kevin J. Davey
CHATGPT
Everyone is talking about ChatGPT for algo trading. Can you explain how that might go?
ChatGPT seems to be today’s hot topic in many fields, including algorithmic trading ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-19627.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-04-54-55-algo-q-a-by-kevin-j-davey-5.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-04-54-55-algo-q-a-by-kevin-j-davey-6.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov41621ex,d,"{""minimum-quantity"":""1"",""path"":""ch4a2019"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:04 (6–7, 21): Explore Your Options by Jay Kaeppel"",""caption-linebreaks"":""Explore Your Options by Jay Kaeppel
IRON CONDORS
What exactly is an iron condor?
An iron condor involves selling an out-of-the-money call and put and simultaneously buying another call at a higher strike price and buying another put at a lower strike price ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-04-6-7-21-explore-your-options-by-jay-kaeppel-25.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-04-6-7-21-explore-your-options-by-jay-kaeppel-29.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-04-6-7-21-explore-your-options-by-jay-kaeppel-30.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov41843ju,d,"{""minimum-quantity"":""1"",""path"":""ch4a2019"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:04 (8–12, 43): Just Ignore Them by John F. Ehlers"",""caption-linebreaks"":""Just Ignore Them by John F. Ehlers
To avoid whipsaw trades, traders smooth the market data to get better and less-frequent trading signals. But smoothing filters have drawbacks, such as introducing lag. Here is an effective solution, and it’s simpler than you might expect.
High-frequency components in the data spectra—that is, “noise” in the data or all the extra wiggles on the chart that distract from price direction—are the bane of traders ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-17933.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-04-8-12-43-just-ignore-them-by-john-f-ehlers-5.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-04-8-12-43-just-ignore-them-by-john-f-ehlers-6.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov411inba,d,"{""minimum-quantity"":""1"",""path"":""ch3m2017"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:05 (14–18): The Inside Bar: The Calm Before The Storm by Andrea Unger"",""caption-linebreaks"":""The Inside Bar: The Calm Before The Storm by Andrea Unger
Some price patterns can be used to filter trades. Find out what impact the “inside bar” has on some trend-following strategies and how useful this can be. This article includes code to discover inside bar frequency in various markets, and sample code to trade those occurrences.
In the February 2023 issue, I presented an article on the outside bar price pattern, and showed it is a rare pattern and a powerful filter with which to winnow and select trades.
In this article, I will discuss the inside bar price pattern. This pattern can represent “the calm before the storm” in markets. I will show why this is so and what its impact is on some trend-following strategies ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-18947.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-05-14-18-the-inside-bar-the-calm-before-the-storm-by-andrea-unger-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-05-14-18-the-inside-bar-the-calm-before-the-storm-by-andrea-unger-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov41148ma,d,"{""minimum-quantity"":""1"",""path"":""ch3m2017"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:05 (19, 48): Market Rap by Emilio Tomasini"",""caption-linebreaks"":""Market Rap by Emilio Tomasini
MARKETS CHANGE, AND SO SHOULD YOUR STRATEGIES
In late 2014, a time capsule dating back to 1795 was found beneath the Massachusetts State House corner-stone in Boston when some workers had to dig to fix a leaky pipe ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-18944.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-05-19-48-market-rap-by-emilio-tomasini-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-05-19-48-market-rap-by-emilio-tomasini-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov412trsl,d,"{""minimum-quantity"":""1"",""path"":""ch3m2017"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:05 (20–26): Trading SLV In The Age Of Zero Commission Part 2 by Massoud Metghalchi, PhD, and Peggy A. Cloninger, PhD"",""caption-linebreaks"":""Trading SLV In The Age Of Zero Commission Part 2 by Massoud Metghalchi, PhD, and Peggy A. Cloninger, PhD
In this two-article series, some possible trading rules based on a selection of technical indicators are evaluated, and the best three are presented. In part 1, the focus was on trading a popular gold ETF. Here in part 2, the focus is on trading a popular silver ETF.
In the September 2022 issue of Technical Analysis of STOCKS & COMMODITIES, we presented an article on trading the natural gas ETF UNG (“Trading Natural Gas Using UNG”). In that article, we used a Coppock indicator that we had revised and updated. After that article came out, some readers wrote to us and asked us if we could also provide some trading strategy rules for ETFs related to gold and silver, based on the same technique ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-18941.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-05-20-26-trading-slv-in-the-age-of-zero-commission-part-2-by-massoud-metghalchi-phd-and-peggy-a-cloninger-phd-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-05-20-26-trading-slv-in-the-age-of-zero-commission-part-2-by-massoud-metghalchi-phd-and-peggy-a-cloninger-phd-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov41229sw,d,"{""minimum-quantity"":""1"",""path"":""ch3m2017"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:05 (27, 29): Swingtrading News Breakouts by Ken Calhoun"",""caption-linebreaks"":""Swingtrading News Breakouts by Ken Calhoun
One way to take advantage of price action that results from major news headlines is to scan sector or commodity ETFs for trading opportunities when the news is affecting that particular sector or commodity. Here’s an example.
Following major news stories, you may find trading opportunities in sector-specific ETFs. For example ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-18938.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-05-27-29-swingtrading-news-breakouts-by-ken-calhoun-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-05-27-29-swingtrading-news-breakouts-by-ken-calhoun-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov412sate,d,"{""minimum-quantity"":""1"",""path"":""ch3m2017"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:05 (28–29): The Savvy Technician by Stella Osoba, CMT"",""caption-linebreaks"":""The Savvy Technician by Stella Osoba, CMT
TRUST THE CHARTS, EVEN WHEN IT’S HARD
Is it going up? Is it going down? Is it going sideways? What exactly is the market doing? What are the newsletter writers saying it is doing? What are the financial journalists saying it is doing? What about the news anchors? The economists? The academics? The Fed? My buddy? My neighbor? Anyone who will talk to me ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-17119.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-05-28-29-the-savvy-technician-by-stella-osoba-cmt-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-05-28-29-the-savvy-technician-by-stella-osoba-cmt-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov413inco,d,"{""minimum-quantity"":""1"",""path"":""ch3m2017"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:05 (30–35): Interview: A Conversation With Gail Dudack by Leslie N. Masonson"",""caption-linebreaks"":""Interview: A Conversation With Gail Dudack by Leslie N. Masonson
Gail M. Dudack is a well-known and respected technical analyst, investment strategist, market commentator, and writer with a long and distinguished 50-year career on Wall Street. She is a past president of the CMT Association, and was a member of the New York Society of Security Analysts Board of Directors. Since 2011, she has been chief market strategist at Wellington Shields and its Dudack Research Group division. For this interview, we wanted to find out about her five decades of market experience, her technical analysis approach, and her insights as a strategist ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-17116.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-05-30-35-interview-a-conversation-with-gail-dudack-by-leslie-n-masonson-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-05-30-35-interview-a-conversation-with-gail-dudack-by-leslie-n-masonson-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov413fufo1,d,"{""minimum-quantity"":""1"",""path"":""ch3m2017"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:05 (36–37): Futures For You by Carley Garner"",""caption-linebreaks"":""Futures For You by Carley Garner
ARE THE MARGIN POLICIES AT DISCOUNT BROKERAGES ADDING TO VOLATILITY? (PART 1 OF 2)
Nobody wants to hear this, particularly discount futures brokerages, but the trend toward forced liquidation rather than margin call issuance is increasing market chaos. Since March 2020, the markets, financial and commodity, have been fraught with volatility ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-17113.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-05-36-37-futures-for-you-by-carley-garner-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-05-36-37-futures-for-you-by-carley-garner-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov41348ex,d,"{""minimum-quantity"":""1"",""path"":""ch3m2017"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:05 (38–39, 48): Explore Your Options by Jay Kaeppel"",""caption-linebreaks"":""Explore Your Options by Jay Kaeppel
A STOCK LIKELY TO MAKE A MOVE? CONSIDER A LONG STRADDLE
When should I consider a long straddle, that is, buying both a call and a put option?
A long straddle involves holding a long call and a long put option at the same time. It is generally considered a “neutral” strategy because it doesn’t matter if the price of the underlying security subsequently rises or falls ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-17110.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-05-38-39-48-explore-your-options-by-jay-kaeppel-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-05-38-39-48-explore-your-options-by-jay-kaeppel-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov414tran,d,"{""minimum-quantity"":""1"",""path"":""ch3m2017"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:05 (4–47): Travel And Entertainment ETFs: About To Take Off, Or Crash? by Leslie N. Masonson"",""caption-linebreaks"":""Travel And Entertainment ETFs: About To Take Off, Or Crash? by Leslie N. Masonson
Travel and entertainment ETFs offer an opportunity to participate in an industry that has experienced significant disruptions and revenue declines due to the Covid-19 pandemic and its lingering effects. Are they resurging? Here’s a look.
Now that the Covid-19 peak has passed, there is an explosive demand to get back to normal. The travel industry is one of the main beneficiaries of this trend. If a recession in the US materializes ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-17125.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-05-4-47-travel-and-entertainment-etfs-about-to-take-off-or-crash-by-leslie-n-masonson-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-05-4-47-travel-and-entertainment-etfs-about-to-take-off-or-crash-by-leslie-n-masonson-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov415trti1,d,"{""minimum-quantity"":""1"",""path"":""ch3m2017"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:05 (50–56): Traders’ Tips by Technical Analysis, Inc."",""caption-linebreaks"":""Traders’ Tips by Technical Analysis, Inc.
For this month’s Traders’ Tips, the focus is Scott Cong’s article in the March issue “An Adaptive Moving Average For Swing Trading.” Here, we present the May 2023 Traders’ Tips code with possible implementations in various software.
The code for the following Traders’ Tips selections is posted here:
• Traders.com > Home–S&C Magazine > Traders’ Tips
At Traders.com you can also right-click on any chart to open it in a new tab or window and view the chart at a much larger size.
The Traders’ Tips section is provided to help readers implement a selected technique from an article in this issue or another recent issue. The entries here are contributed by software developers or programmers for software that is capable of customization."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-05-50-56-traders-tips-by-technical-analysis-inc-15.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-05-50-56-traders-tips-by-technical-analysis-inc-19.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-05-50-56-traders-tips-by-technical-analysis-inc-20.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov416leto,d,"{""minimum-quantity"":""1"",""path"":""ch3m2017"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:05 (6): Letters To S&C by Technical Analysis, Inc."",""caption-linebreaks"":""Letters To S&C by Technical Analysis, Inc.
ADAPTIVE MOVING AVERAGE
Editor,
\nI hope I’m not the only one who found a ton of value from Scott Cong’s article on an adaptive moving average, which appeared in your March 2023 issue. I would very much like to get coding for this technique for use in the thinkorswim platform ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-05-6-letters-to-s-c-by-technical-analysis-inc-16.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-05-6-letters-to-s-c-by-technical-analysis-inc-19.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-05-6-letters-to-s-c-by-technical-analysis-inc-20.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov41637tr,d,"{""minimum-quantity"":""1"",""path"":""ch3m2017"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:05 (60–62, 37): Trading Perspectives by Rob Friesen"",""caption-linebreaks"":""Trading Perspectives by Rob Friesen
APPLYING SOME GAMING THEORY TO YOUR SWING TRADES
Let’s play a game of darts. Think of a wall covered with stock symbols, or company logos if you prefer. All the logos touch, so there is no white or dead space. You get to throw 10 green darts and 10 red darts at the wall. Whichever logos the green darts hit, those will be your long symbols and the logos that the red darts strike will be your short symbols ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-17122.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-05-60-62-37-trading-perspectives-by-rob-friesen-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-05-60-62-37-trading-perspectives-by-rob-friesen-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov417alqa,d,"{""minimum-quantity"":""1"",""path"":""ch3m2017"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:05 (7): Algo Q&A by Kevin J. Davey"",""caption-linebreaks"":""Algo Q&A by Kevin J. Davey
ROLLOVERS: WHAT TO KNOW— AND WHAT TO AVOID
I am algo trading, and am currently long April live cattle. Since it is expiring soon, I have to exit that contract and move my long position to June live cattle. Can you explain what I should do?
“Rollovers”—transferring a futures position from one contract month to another—is one of the unique aspects of futures trading. It can be a bit confusing, so I’ll try to explain best practices for rolling, and one practice you should absolutely avoid ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-05-7-algo-q-a-by-kevin-j-davey-16.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-05-7-algo-q-a-by-kevin-j-davey-19.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-05-7-algo-q-a-by-kevin-j-davey-20.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov418rivo,d,"{""minimum-quantity"":""1"",""path"":""ch3m2017"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:05 (8–12): Risk, Volatility, & Position Sizing by Alfred François Tagher"",""caption-linebreaks"":""Risk, Volatility, & Position Sizing by Alfred François Tagher
This may be the insight you wish you had gotten when you first started trading, and it’s something every trader can benefit from. You can attain a positive skew for your trade outcomes if you start with the correct position size for each trade. Find out how.
We are living in an era of information overload. From earnings announcements to earnings revisions and “alternative facts” or “fake news,” the trader who attempts to tackle the markets without a well-thought-out plan is doomed to failure from the outset in large part due to the sheer abundance of information ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-18932.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-05-8-12-risk-volatility-position-sizing-by-alfred-fran-ois-tagher-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-05-8-12-risk-volatility-position-sizing-by-alfred-fran-ois-tagher-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov41155ma,d,"{""minimum-quantity"":""1"",""path"":""ch6j2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:06 (15, 55): Market Rap by Emilio Tomasini"",""caption-linebreaks"":""Market Rap by Emilio Tomasini
CAN ANYONE BE A TURTLE?
In the financial industry, you see a lot of “real money” this, “real money” that. “Real money” is an expression that is broadly used to convey the idea that the financial professional who is trying to sell you something ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-17187.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-06-15-55-market-rap-by-emilio-tomasini-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-06-15-55-market-rap-by-emilio-tomasini-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov41131st,d,"{""minimum-quantity"":""1"",""path"":""ch6j2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:06 (16–21, 31): The Stochastic Distance Oscillator by Vitali Apirine"",""caption-linebreaks"":""The Stochastic Distance Oscillator by Vitali Apirine
Here is a new variation on the classic stochastic oscillator, based on price maxima and minima over a range of days. It indicates overbought and oversold levels and helps to identify bull and bear trend changes.
The stochastic distance oscillator (SD oscillator, or SDO) is a momentum indicator that shows the size of the current distance relative to the maximum–minimum distance range over a set number of periods ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-17190.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-06-16-21-31-the-stochastic-distance-oscillator-by-vitali-apirine-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-06-16-21-31-the-stochastic-distance-oscillator-by-vitali-apirine-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov412pryo,d,"{""minimum-quantity"":""1"",""path"":""ch6j2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:06 (22–25): Protecting Your Wealth While Making A Profit by Perry J. Kaufman"",""caption-linebreaks"":""Protecting Your Wealth While Making A Profit by Perry J. Kaufman
By allocating capital to the equity index markets in different regions of the world that are showing the strongest momentum, you can multiply your profits. Here is how you can ride the global momentum.
In 1997, I wrote Global Equity Investing with Alberto Vivanti, then a Swiss private banker, today an independent market analyst ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-06-22-25-protecting-your-wealth-while-making-a-profit-by-perry-j-kaufman-9.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-06-22-25-protecting-your-wealth-while-making-a-profit-by-perry-j-kaufman-13.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-06-22-25-protecting-your-wealth-while-making-a-profit-by-perry-j-kaufman-14.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov412dafa,d,"{""minimum-quantity"":""1"",""path"":""ch6j2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:06 (26–31): The Daily Factor: A Volatility Filter by Andrea Unger"",""caption-linebreaks"":""The Daily Factor: A Volatility Filter by Andrea Unger
The “daily factor” metric relates the high and low to the open and close of the daily bar. Here is a way you can use this information to filter trade signals and improve your trades for some instruments. This article includes code to calculate the daily factor as well as sample code to apply the information to your trading.
Price action is based on the concept of defining trades according to the configuration adopted by the prices reached in the market ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-19106.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-06-26-31-the-daily-factor-a-volatility-filter-by-andrea-unger-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-06-26-31-the-daily-factor-a-volatility-filter-by-andrea-unger-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov413kisi,d,"{""minimum-quantity"":""1"",""path"":""ch6j2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:06 (32–36): The Kicker Signal by Stephen W. Bigalow"",""caption-linebreaks"":""The Kicker Signal by Stephen W. Bigalow
Some candlestick chart graphics illustrate when trend reversals are occurring. One important reversal signal to know is called the kicker signal, and it tells you when investor sentiment has been “kicked” in the opposite direction. Find out how to recognize it.
What are the most potent candlestick signals? This is the question many investors ask when first learning about candlestick analysis ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-19109.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-06-32-36-the-kicker-signal-by-stephen-w-bigalow-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-06-32-36-the-kicker-signal-by-stephen-w-bigalow-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov41343sw,d,"{""minimum-quantity"":""1"",""path"":""ch6j2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:06 (37, 43): Swingtrading Downtrend Reversals by Ken Calhoun"",""caption-linebreaks"":""Swingtrading Downtrend Reversals by Ken Calhoun
Trends rarely go straight down for long periods of time without interruption, not even in strong, swift selloffs. You can capitalize on quick relief rallies during major selloffs if you learn to spot them on the chart. Here’s an example of locating such opportunities.
You can often find lucrative, fast-paced reversals during major selloffs, as you can see illustrated in Figure 1 ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-19112.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-06-37-43-swingtrading-downtrend-reversals-by-ken-calhoun-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-06-37-43-swingtrading-downtrend-reversals-by-ken-calhoun-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov413whil,d,"{""minimum-quantity"":""1"",""path"":""ch6j2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:06 (38–41): What I Learned When I Looked At Minute-By-Minute Stock Option Data Part 1 by Gregory Aharonian"",""caption-linebreaks"":""What I Learned When I Looked At Minute-By-Minute Stock Option Data Part 1 by Gregory Aharonian
Coming up with new option strategies to trade isn’t easy. Sometimes, looking at things in a new way gives you a fresh perspective.
You can read about options, deltas, thetas, and all the other option variables all you want, but it is hard to get an intuitive feel for them without actual trading, and it is hard to dream up new option strategies, especially ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-19115.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-06-38-41-what-i-learned-when-i-looked-at-minute-by-minute-stock-option-data-part-1-by-gregory-aharonian-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-06-38-41-what-i-learned-when-i-looked-at-minute-by-minute-stock-option-data-part-1-by-gregory-aharonian-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov414fufo1,d,"{""minimum-quantity"":""1"",""path"":""ch6j2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:06 (42–43): Futures For You by Carley Garner"",""caption-linebreaks"":""Futures For You by Carley Garner
ARE THE MARGIN POLICIES AT DISCOUNT BROKERAGES ADDING TO VOLATILITY?
\n(PART 2 OF 2)
To recap last month’s column, futures brokerages are in the business of accepting the risk of their client’s leveraged trading activity in exchange for a commission ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-06-42-43-futures-for-you-by-carley-garner-10.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-06-42-43-futures-for-you-by-carley-garner-13.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-06-42-43-futures-for-you-by-carley-garner-14.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov414sate,d,"{""minimum-quantity"":""1"",""path"":""ch6j2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:06 (44–46): The Savvy Technician by Stella Osoba, CMT"",""caption-linebreaks"":""The Savvy Technician by Stella Osoba, CMT
HISTORY NEVER REPEATS…
When the markets are messy and progress seems uncertain, it is often best to step away and return to the study of history ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-19006.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-06-44-46-the-savvy-technician-by-stella-osoba-cmt-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-06-44-46-the-savvy-technician-by-stella-osoba-cmt-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov41456al,d,"{""minimum-quantity"":""1"",""path"":""ch6j2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:06 (47, 56): Algo Q&A by Kevin J. Davey"",""caption-linebreaks"":""Algo Q&A by Kevin J. Davey
LOOK-INSIDE-BAR BACKTESTING
I am new to algo trading, trading daily bars. I worry about backtesting, if both my stop and profit target get hit on the same bar. Will my backtest be accurate?
Excellent question! Most traders have a fear of backtesting. After all, how many of us have witnessed a great-looking backtest fall apart in real trading ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-19009.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-06-47-56-algo-q-a-by-kevin-j-davey-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-06-47-56-algo-q-a-by-kevin-j-davey-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov414trti2,d,"{""minimum-quantity"":""1"",""path"":""ch6j2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:06 (48–55): Traders’ Tips by Technical Analysis, Inc."",""caption-linebreaks"":""Traders’ Tips by Technical Analysis, Inc.
For this month’s Traders’ Tips, the focus is Vitali Apirine’s article in this issue “The Stochastic Distance Oscillator.” Here, we present the June 2023 Traders’ Tips code with possible implementations in various software.
The code for the following Traders’ Tips selections is posted here:
• Traders.com > Home–S&C Magazine > Traders’ Tips
At Traders.com you can also right-click on any chart to open it in a new tab or window and view the chart at a much larger size.
The Traders’ Tips section is provided to help readers implement a selected technique from an article in this issue or another recent issue. The entries here are contributed by software developers or programmers for software that is capable of customization."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-19012.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-06-48-55-traders-tips-by-technical-analysis-inc-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-06-48-55-traders-tips-by-technical-analysis-inc-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov41643tr,d,"{""minimum-quantity"":""1"",""path"":""ch6j2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:06 (60–62, 43): Trading Perspectives by Rob Friesen"",""caption-linebreaks"":""Trading Perspectives by Rob Friesen
RIDE THE WAVES
I have a habit of using concepts in nature and in everyday life to educate on the mysteries of the market and the framework of trading. I believe this helps build that bridge from commonly understood principles to the behavior and principles governing markets that seem more abstract ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-17260.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-06-60-62-43-trading-perspectives-by-rob-friesen-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-06-60-62-43-trading-perspectives-by-rob-friesen-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov41636ex,d,"{""minimum-quantity"":""1"",""path"":""ch6j2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:06 (6–7, 36): Explore Your Options by Jay Kaeppel"",""caption-linebreaks"":""OUT-OF-THE-MONEY BUTTERFLY SPREAD: A GOOD SPECULATIVE BET FOR AN UPCOMING STOCK RALLY?
I recently read about a strategy called the “out-of-the-money” butterfly spread. Under what circumstances would I consider this type of trade?
A neutral call butterfly spread involves buying an in-the-money call option at one strike price, selling two at-the-money options, and buying one out-of-the-money call option ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-06-6-7-36-explore-your-options-by-jay-kaeppel-9.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-06-6-7-36-explore-your-options-by-jay-kaeppel-13.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-06-6-7-36-explore-your-options-by-jay-kaeppel-14.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov418pitu,d,"{""minimum-quantity"":""1"",""path"":""ch6j2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:06 (8–14): Pinpointing Turning Points With The ChanLun Method by Scott Cong, PhD"",""caption-linebreaks"":""Pinpointing Turning Points With The ChanLun Method by Scott Cong, PhD
Are you ready for something completely different from traditional technical analysis? This methodology works in both trending and ranging markets, in any timeframe. It’s all about the “rise, fall, and range.” Here is an introduction.
缠中说禅，a name meaning “Zen in entanglement,” was a multi-talented Chinese trader. The first word is pronounced “Chan,” so this name will be used to refer to him hereafter. His real identity is unknown. He tragically passed away at a young age ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-17184.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-06-8-14-pinpointing-turning-points-with-the-chanlun-method-by-scott-cong-phd-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-06-8-14-pinpointing-turning-points-with-the-chanlun-method-by-scott-cong-phd-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov41137wi,d,"{""minimum-quantity"":""1"",""path"":""ch7j2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:07 (17, 37): Wide-Range Gap Continuations by Ken Calhoun"",""caption-linebreaks"":""Wide-Range Gap Continuations by Ken Calhoun
A sequence of taller-than-average range candle days can be a technical breakout signal. Here’s how to find and use it for a swing trade.
One pattern that is easy to scan for is gaps that have a larger-than-average range on the day of the gap ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-07-17-37-wide-range-gap-continuations-by-ken-calhoun-10.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-07-17-37-wide-range-gap-continuations-by-ken-calhoun-13.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-07-17-37-wide-range-gap-continuations-by-ken-calhoun-14.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov411loat,d,"{""minimum-quantity"":""1"",""path"":""ch7j2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:07 (18–23): Looking At Minute-By-Minute Stock Option Data Part 2: Short Margins by Greg Aharonian"",""caption-linebreaks"":""Looking At Minute-By-Minute Stock Option Data Part 2: Short Margins by Greg Aharonian
Can retail traders make more money using straddles or strangles than by just buying a call or put? Can retail traders make money using option strategies that include margined short option positions? We explore these questions here using the minute-by-minute option data introduced in part 1.
I believe that all literature on option trading should start out with these three warnings ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-20365.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-07-18-23-looking-at-minute-by-minute-stock-option-data-part-2-short-margins-by-greg-aharonian-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-07-18-23-looking-at-minute-by-minute-stock-option-data-part-2-short-margins-by-greg-aharonian-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov412fufo,d,"{""minimum-quantity"":""1"",""path"":""ch7j2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:07 (22–23): Futures For You by Carley Garner"",""caption-linebreaks"":""Futures For You by Carley Garner
COMMODITY PRICES AND INFLATION
What is the relationship between commodity prices and consumer inflation?
Consumer inflation is generally measured by the Consumer Price Index (CPI) issued by the Bureau of Labor Statistics (BLS) ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-20359.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-07-22-23-futures-for-you-by-carley-garner-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-07-22-23-futures-for-you-by-carley-garner-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov412hein,d,"{""minimum-quantity"":""1"",""path"":""ch7j2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:07 (24–27): Hedging In Swing Trading by Azeez Mustapha"",""caption-linebreaks"":""Hedging In Swing Trading by Azeez Mustapha
Hedging is a good way to beat the challenge of watching a potential gain slip away. You can use a countertrend trade to hedge. Here’s an example using swing trades in cryptocurrencies.
Swing trading is a popular approach to trading that involves buying and holding an asset for a period from a few days to (usually) a few weeks in order to profit from price movements. Swing traders aim to capture the “swings” or fluctuations in an asset’s price as it moves up and down ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-18701.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-07-24-27-hedging-in-swing-trading-by-azeez-mustapha-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-07-24-27-hedging-in-swing-trading-by-azeez-mustapha-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov412inco2,d,"{""minimum-quantity"":""1"",""path"":""ch7j2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:07 (28–35): Interview: A Conversation With Brian Shannon by Leslie N. Masonson"",""caption-linebreaks"":""Interview: A Conversation With Brian Shannon by Leslie N. Masonson
Brian Shannon, CMT, has\nbeen involved with Wall Street\nfor over three decades. He\nwas lead trader and director\nof research at MarketWise\nSecurities from 1999 to 2006,\nwhere his focus was providing\ntechnical analysis training and\neducation to individuals. In 2010\nhe launched Alphatrends.net,\nproviding stock trading education\nto traders and swing trading\nideas to subscribers ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-07-28-35-interview-a-conversation-with-brian-shannon-by-leslie-n-masonson-10.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-07-28-35-interview-a-conversation-with-brian-shannon-by-leslie-n-masonson-13.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-07-28-35-interview-a-conversation-with-brian-shannon-by-leslie-n-masonson-14.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov413sate2,d,"{""minimum-quantity"":""1"",""path"":""ch7j2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:07 (36–37): The Savvy Technician by Stella Osoba"",""caption-linebreaks"":""The Savvy Technician by Stella Osoba
SIDEWAYS MARKETS ARE DANGEROUS
We all know that when it comes to markets, there are three trends: up, down, and sideways. I like to think of it as two trends, really; up and down ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-18730.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-07-36-37-the-savvy-technician-by-stella-osoba-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-07-36-37-the-savvy-technician-by-stella-osoba-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov413foan,d,"{""minimum-quantity"":""1"",""path"":""ch7j2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:07 (38–45): Food And Beverage ETFs: A Satisfying Investing Opportunity Or Gorging On Junk? by Leslie N. Masonson"",""caption-linebreaks"":""Food And Beverage ETFs: A Satisfying Investing Opportunity Or Gorging On Junk? by Leslie N. Masonson
Food and beverage ETFs have experienced less volatility\nthan the general market over the years, with the component companies housed in the consumer staples, materials, and industrial sectors. Are these ETFs ready to provide a delectable opportunity or will they languish in the years ahead? Take a look at ten ETFs to see if they offer a portfolio diversification opportunity.
A common investment strategy put forth by legendary\nand former Fidelity Magellan portfolio manager Peter Lynch, who racked up a 29% annualized return starting in 1977, is to invest in the products and services you know about and use ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-18716.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-07-38-45-food-and-beverage-etfs-a-satisfying-investing-opportunity-or-gorging-on-junk-by-leslie-n-masonson-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-07-38-45-food-and-beverage-etfs-a-satisfying-investing-opportunity-or-gorging-on-junk-by-leslie-n-masonson-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov414trti3,d,"{""minimum-quantity"":""1"",""path"":""ch7j2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:07 (46–55): Traders’ Tips by Technical Analysis, Inc."",""caption-linebreaks"":""Traders’ Tips by Technical Analysis, Inc.
For this month’s Traders’ Tips, the focus is Barbara Star’s article in this issue “Stay On Track With The Supertrend Indicator.” Here, we present the July 2023 Traders’ Tips code with possible implementations in various software.
The code for the following Traders’ Tips selections is posted here:
• Traders.com > Home–S&C Magazine > Traders’ Tips
At Traders.com you can also right-click on any chart to open it in a new tab or window and view the chart at a much larger size.
The Traders’ Tips section is provided to help readers implement a selected technique from an article in this issue or another recent issue. The entries here are contributed by software developers or programmers for software that is capable of customization."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-18610.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-07-46-55-traders-tips-by-technical-analysis-inc-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-07-46-55-traders-tips-by-technical-analysis-inc-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov41537ma,d,"{""minimum-quantity"":""1"",""path"":""ch7j2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:07 (56, 37): Market Rap by Emilio Tomasini"",""caption-linebreaks"":""Market Rap by Emilio Tomasini
BEFORE YOU CAN AVOID NOISE IN YOUR DATA, YOU FIRST MUST DEFINE IT
What is the trader’s worst foe? A deep drawdown? A flat equity line? Low average\nwin/average loss per trade? Low percent profitable? If you are thinking about these challenges, it means that you are already at an advanced point in the trading journey ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-18596.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-07-56-37-market-rap-by-emilio-tomasini-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-07-56-37-market-rap-by-emilio-tomasini-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov416trpe2,d,"{""minimum-quantity"":""1"",""path"":""ch7j2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:07 (60–62): Trading Perspectives by Rob Friesen"",""caption-linebreaks"":""Trading Perspectives by Rob Friesen
THE TURN-OF-THE-MONTH EFFECT IN EQUITIES AND MARKET ETFS
Are there patterns related to the how the stock market behaves at certain times of each month? Are there noticeable\nand quantifiable differences in performance between sectors at these times ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-18639.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-07-60-62-trading-perspectives-by-rob-friesen-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-07-60-62-trading-perspectives-by-rob-friesen-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov416exyo,d,"{""minimum-quantity"":""1"",""path"":""ch7j2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:07 (6–8): Explore Your Options by Jay Kaeppel"",""caption-linebreaks"":""Explore Your Options by Jay Kaeppel
CATCH A FALLING SAFE
I think that bank stocks are due for a bounce, but I am hesitant to try to “catch a falling safe” by buying shares. I wanted to purchase call options but noticed that option premiums were very high. Is there a better play?
It depends to some extent on how much of a bounce you want to play for ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-20439.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-07-6-8-explore-your-options-by-jay-kaeppel-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-07-6-8-explore-your-options-by-jay-kaeppel-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov419alqa,d,"{""minimum-quantity"":""1"",""path"":""ch7j2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:07 (9): Algo Q&A by Kevin J. Davey"",""caption-linebreaks"":""Algo Q&A by Kevin J. Davey
TOO GOOD TO BE TRUE…
I’d like to algo trade, but the development and testing of a strategy seems daunting. So, right now I am considering subscribing to a signal service or a trading room to create some “side hustle income.” Do you have any recommendations?
I congratulate you on asking some good questions before you jump into buying signals or subscribing to a trading room ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-20428.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-07-9-algo-q-a-by-kevin-j-davey-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-07-9-algo-q-a-by-kevin-j-davey-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov41131fu,d,"{""minimum-quantity"":""1"",""path"":""ch8a2019"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:08 (13, 31): Futures For You by Carley Garner"",""caption-linebreaks"":""Stocks & Commodities V. 41:08 (13, 31): Futures For You by Carley Garner
ARE COPPER FUTURES AN INDICATOR OF ECONOMIC HEALTH?
Although the utility of copper has morphed over time, many believe that the copper market is a bellwether of economic growth; for that reason, it is known as Dr. Copper. The overall direction of copper can indicate economic health ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-18181.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-08-13-31-futures-for-you-by-carley-garner-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-08-13-31-futures-for-you-by-carley-garner-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov411wefa,d,"{""minimum-quantity"":""1"",""path"":""ch8a2019"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:08 (14–17): The Weekly Factor Pattern by Andrea Unger"",""caption-linebreaks"":""The Weekly Factor Pattern by Andrea Unger
In the markets, price expansion often follows price indecision. The “weekly factor” metric helps to capture this pattern. Find out how you can use it to filter trades for improved success.
As systematic traders, we have many tools that we can use when entering trades. One simple and effective tool is the pattern filter. With a few lines of code, we can quickly determine the current market conditions based on price movements ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-18184.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-08-14-17-the-weekly-factor-pattern-by-andrea-unger-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-08-14-17-the-weekly-factor-pattern-by-andrea-unger-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov41156be,d,"{""minimum-quantity"":""1"",""path"":""ch8a2019"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:08 (18–20, 56): The Beneish M-Score by Gregory Aharonian"",""caption-linebreaks"":""The Beneish M-Score by Gregory Aharonian
The Beneish M-score is a statistic that can suggest when irregular accounting activity may be occurring in a publicly traded company. And for a group of stocks, the M-score could suggest a coming recession. Find out how it is calculated and how you can use it.
Enron. WorldCom. Tyco. AIG. Lehman Brothers. Bernie Madoff. And earlier this year, Silicon Valley Bank. Major accounting scandals at publicly traded companies have gone down in history many times over ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-19875.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-08-18-20-56-the-beneish-m-score-by-gregory-aharonian-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-08-18-20-56-the-beneish-m-score-by-gregory-aharonian-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov41231ma,d,"{""minimum-quantity"":""1"",""path"":""ch8a2019"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:08 (21, 31): Market Rap by Emilio Tomasini"",""caption-linebreaks"":""Market Rap by Emilio Tomasini
A COUNTERINTUITIVE PERSPECTIVE ON RISK MEASUREMENT
In the realm of finance, drawdown is hailed as the ultimate gauge of a trading system’s risk. It represents the maximum difference between the peak and trough of an equity line ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-08-21-31-market-rap-by-emilio-tomasini-10.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-08-21-31-market-rap-by-emilio-tomasini-13.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-08-21-31-market-rap-by-emilio-tomasini-14.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov412into,d,"{""minimum-quantity"":""1"",""path"":""ch8a2019"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:08 (22–31): An Introduction To Options Part 1: Form And Function by John Devcic"",""caption-linebreaks"":""An Introduction To Options Part 1: Form And Function by John Devcic
Are you considering option trading but not sure where to start or whether they’re for you? In this article series, we’ll introduce you to the world of options and cover all the most important aspects of them.
Regardless of your level of experience with the markets, you have undoubtedly heard of options. You may have heard or read about traders who have used options to capture big returns. On the flip side, you may have also heard that options can be very dangerous to trade ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-19869.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-08-22-31-an-introduction-to-options-part-1-form-and-function-by-john-devcic-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-08-22-31-an-introduction-to-options-part-1-form-and-function-by-john-devcic-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov413mast,d,"{""minimum-quantity"":""1"",""path"":""ch8a2019"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:08 (32–36): The Market Structure Shift Strategy by Azeez Mustapha"",""caption-linebreaks"":""The Market Structure Shift Strategy by Azeez Mustapha
Based on the market structure concept written about by Larry Williams and making use of his Williams %R indicator, this strategy offers a type of trade that can be executed on a 15-minute timeframe in any currency pair of your choice.
The forex market can be so promising that it drives many people to become traders. The prospect of the forex market can inspire excitement in people to begin trading with little or no experience ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-19872.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-08-32-36-the-market-structure-shift-strategy-by-azeez-mustapha-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-08-32-36-the-market-structure-shift-strategy-by-azeez-mustapha-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov41340br,d,"{""minimum-quantity"":""1"",""path"":""ch8a2019"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:08 (37, 40): Breakouts Using Green:Red Candle Ratio by Ken Calhoun"",""caption-linebreaks"":""Breakouts Using Green:Red Candle Ratio by Ken Calhoun
Here is a simple momentum strategy to use for swing trading breakouts.
One strategy that can be helpful for identifying strong breakouts is to simply look at the ratio of green to red candles during the last 10 trading sessions ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-19908.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-08-37-40-breakouts-using-green-red-candle-ratio-by-ken-calhoun-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-08-37-40-breakouts-using-green-red-candle-ratio-by-ken-calhoun-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov413exyo1,d,"{""minimum-quantity"":""1"",""path"":""ch8a2019"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:08 (38–40): Explore Your Options by Jay Kaeppel"",""caption-linebreaks"":""Explore Your Options by Jay Kaeppel
THE OPTION GREEKS
I am new to options, and the “greeks” are, well, Greek to me. But I keep hearing that understanding these values is essential to success. Can you help me make sense of them?
Understanding what the option greeks mean can be extremely helpful in comparing different potential trades and helping you manage open option positions ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-19911.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-08-38-40-explore-your-options-by-jay-kaeppel-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-08-38-40-explore-your-options-by-jay-kaeppel-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov414sate1,d,"{""minimum-quantity"":""1"",""path"":""ch8a2019"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:08 (41–43): The Savvy Technician by Stella Osoba"",""caption-linebreaks"":""The Savvy Technician by Stella Osoba
MARKETS AND NEWS
Last month, I wrote about how the S&P 500 was stuck in a sideways price pattern at that point in time. With the debt ceiling negotiations still making headlines and no resolution in sight, stories in the media were dominated by news of the US hurtling towards a default deadline ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-19902.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-08-41-43-the-savvy-technician-by-stella-osoba-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-08-41-43-the-savvy-technician-by-stella-osoba-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov41462ch,d,"{""minimum-quantity"":""1"",""path"":""ch8a2019"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:08 (44–47, 62): ChatGPT: Are We There Yet? by Perry J. Kaufman"",""caption-linebreaks"":""ChatGPT: Are We There Yet? by Perry J. Kaufman
So, are the recently developed chatbot AI tools ready for the trading world? Follow along on this trader’s quest to find out how ChatGPT might be used to support trading.
I am just like everyone else: I want to know if AI, particularly ChatGPT, can tell me how to develop a better trading strategy. If not, can it tell me what are the best stocks or futures markets to trade now ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-19905.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-08-44-47-62-chatgpt-are-we-there-yet-by-perry-j-kaufman-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-08-44-47-62-chatgpt-are-we-there-yet-by-perry-j-kaufman-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov41443pr,d,"{""minimum-quantity"":""1"",""path"":""ch8a2019"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:08 (48–50, 43): Product Review: 0DTE Options Trading Workshop Part 1 by John A. Sarkett"",""caption-linebreaks"":""Product Review: 0DTE Options Trading Workshop Part 1 by John A. Sarkett
AEROMIR CORP.
\nEmail: support@aeromir.com Phone: 719 413-4321
\nWebsite: Aeromir.com
\nPrice: $999 for recording of the event
Some 40% of daily trading in options is now in zero-days-to-expiration (0DTE) contracts, which are contracts that expire the same day they are traded. Clearly, there is a lot of interest nowadays in this short-term vehicle ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-18139.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-08-48-50-43-product-review-0dte-options-trading-workshop-part-1-by-john-a-sarkett-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-08-48-50-43-product-review-0dte-options-trading-workshop-part-1-by-john-a-sarkett-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov415trti2,d,"{""minimum-quantity"":""1"",""path"":""ch8a2019"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:08 (51–56): Traders’ Tips by Technical Analysis, Inc."",""caption-linebreaks"":""Traders’ Tips by Technical Analysis, Inc.
For this month’s Traders’ Tips, the focus is Stella Osoba’s article in the 2023 Bonus issue, “Using Price Channels,” as well as her column in this issue, “The Savvy Technician.” Here, we present the August 2023 Traders’ Tips code with possible implementations in various software.
The code for the following Traders’ Tips selections is posted here:
• Traders.com > Home–S&C Magazine > Traders’ Tips
At Traders.com you can also right-click on any chart to open it in a new tab or window and view the chart at a much larger size.
The Traders’ Tips section is provided to help readers implement a selected technique from an article in this issue or another recent issue. The entries here are contributed by software developers or programmers for software that is capable of customization."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-18142.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-08-51-56-traders-tips-by-technical-analysis-inc-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-08-51-56-traders-tips-by-technical-analysis-inc-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov416prof,d,"{""minimum-quantity"":""1"",""path"":""ch8a2019"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:08 (60–61): The Predictability Of Patterns by Gregory Aharonian"",""caption-linebreaks"":""The Predictability Of Patterns by Gregory Aharonian
Here are two patterns historically observed in the S&P 500 that have met their conditions for this year and that you might want to take note of. But don’t bet the farm on these patterns just yet.
If you live in the northern hemisphere, one of the easiest sights in the night sky to recognize is Orion’s belt, three equally spaced stars that appear in a diagonal upward alignment ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-18133.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-08-60-61-the-predictability-of-patterns-by-gregory-aharonian-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-08-60-61-the-predictability-of-patterns-by-gregory-aharonian-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov416bofo,d,"{""minimum-quantity"":""1"",""path"":""ch8a2019"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:08 (62): Books For Traders by Technical Analysis, Inc."",""caption-linebreaks"":""Books For Traders by Technical Analysis, Inc.
The following selection of book descriptions represents a sampling of recent book releases in the investing field. Books described here may be from some of the major book publishers as well as some independent book publishers. These are not critical reviews or editorial evaluations, but rather a brief look at the book marketplace to help keep readers up to date on new or recent book offerings. This month:
Advanced Futures Trading Strategies: 30 Fully Tested Strategies For\nMultiple Trading Styles & Time Frames byRobert Carver
The Complete Trading System: How To Develop A Mindset, Maximize Profitability, And Own Your Market Success by Casey Stubbs"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-18136.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-08-62-books-for-traders-by-technical-analysis-inc-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-08-62-books-for-traders-by-technical-analysis-inc-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov416alqa,d,"{""minimum-quantity"":""1"",""path"":""ch8a2019"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:08 (6–7): Algo Q&A by Kevin J. Davey"",""caption-linebreaks"":""Algo Q&A by Kevin J. Davey
RISK OF RUIN
I am a semiretired police officer wanting to try and build some wealth over the next 6 to 10 years—not get rich overnight but see some northward progress. I have lost thousands over the last few years trying to follow others and now have around $7,500 left. How can I grow that significantly and consistently?
Sorry to hear of your troubles in investing and trading so far. It is not surprising, though, for two reasons ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-08-6-7-algo-q-a-by-kevin-j-davey-9.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-08-6-7-algo-q-a-by-kevin-j-davey-13.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-08-6-7-algo-q-a-by-kevin-j-davey-14.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov418pori,d,"{""minimum-quantity"":""1"",""path"":""ch8a2019"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:08 (8–12): The Portfolio Risk Dilemma: Let It Run Or Rebalance? by Perry J. Kaufman"",""caption-linebreaks"":""The Portfolio Risk Dilemma: Let It Run Or Rebalance? by Perry J. Kaufman
When volatility becomes too high, how can you reduce portfolio exposure without sacrificing your winners? Here is a smart solution you can consider.
This is a tricky problem, so I will make excuses up front. There are an unlimited number of portfolios, so any example needs to be examined for how it would apply to your own holdings ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-18187.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-08-8-12-the-portfolio-risk-dilemma-let-it-run-or-rebalance-by-perry-j-kaufman-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-08-8-12-the-portfolio-risk-dilemma-let-it-run-or-rebalance-by-perry-j-kaufman-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov411swpr,d,"{""minimum-quantity"":""1"",""path"":""ch9s2018"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:09 (14–15): Swingtrading Price Channels by Ken Calhoun"",""caption-linebreaks"":""Swingtrading Price Channels by Ken Calhoun
Here is a pattern that provides an effective technical entry point and trade strategy. It builds on trend continuation, using the upper and lower trendlines.
The main challenge in trading trends is their inconsistency, as they often exhibit pull-backs or wide trading ranges ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-19887.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-09-14-15-swingtrading-price-channels-by-ken-calhoun-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-09-14-15-swingtrading-price-channels-by-ken-calhoun-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov41134ex,d,"{""minimum-quantity"":""1"",""path"":""ch9s2018"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:09 (16–19, 34): Extend Your Analysis Capabilities With R by Guy Brys and Luc Van Hof"",""caption-linebreaks"":""Extend Your Analysis Capabilities With R by Guy Brys and Luc Van Hof
You can create a statistical bridge from your trading platform to a spreadsheet to the R programming environment to accomplish specialized tasks as well as extend your market and portfolio analysis capabilities. Here’s an example of how to do it.
Traders often trade a wide variety of strategies based on different symbols and timeframes. Traders often work solely in one trading platform, and the majority of the trader’s daily work is usually accomplished there ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-19884.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-09-16-19-34-extend-your-analysis-capabilities-with-r-by-guy-brys-and-luc-van-hof-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-09-16-19-34-extend-your-analysis-capabilities-with-r-by-guy-brys-and-luc-van-hof-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov412swin,d,"{""minimum-quantity"":""1"",""path"":""ch9s2018"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:09 (20–23): Switching Into Futures In Down Markets To Enhance Performance by Massoud Metghalchi, PhD, and Xavier Garza-Gomez, PhD"",""caption-linebreaks"":""Switching Into Futures In Down Markets To Enhance Performance by Massoud Metghalchi, PhD, and Xavier Garza-Gomez, PhD
When technical indicators indicate a down market, one traditional approach is to move from stocks to money market instruments as a protective strategy and for improved risk-to-reward. Here’s a twist on that market-switching strategy that instead turns to futures via managed futures programs to reduce risk and increase returns.
The debate surrounding the efficient market hypothesis (EMH) lives on. EMH purports that financial markets are efficient, prices fully reflect all available information, and new information will be instantly reflected in prices ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-19881.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-09-20-23-switching-into-futures-in-down-markets-to-enhance-performance-by-massoud-metghalchi-phd-and-xavier-garza-gomez-phd-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-09-20-23-switching-into-futures-in-down-markets-to-enhance-performance-by-massoud-metghalchi-phd-and-xavier-garza-gomez-phd-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov412into1,d,"{""minimum-quantity"":""1"",""path"":""ch9s2018"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:09 (24–27): An Introduction To Options Part 2: The Greek Variables by John Devcic"",""caption-linebreaks"":""An Introduction To Options Part 2: The Greek Variables by John Devcic
Thinking of getting into option trading? In this article series, we are introducing some of the most important things to know to get started. Last time in part 1, we covered the components of option contracts and how options are used. This time, we’ll look at the variables known as the “greeks” that can be used to evaluate an option’s risk and reward.
As we continue with this introductory series on option trading, I want to dive into an aspect that differentiates options from all other investment choices: the variables knows as the greeks ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-19878.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-09-24-27-an-introduction-to-options-part-2-the-greek-variables-by-john-devcic-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-09-24-27-an-introduction-to-options-part-2-the-greek-variables-by-john-devcic-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov412cowi,d,"{""minimum-quantity"":""1"",""path"":""ch9s2018"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:09 (28–34): A Conversation With Meb Faber by Leslie N. Masonson"",""caption-linebreaks"":""Interview: A Conversation With Meb Faber by Leslie N. Masonson
Mebane T. Faber, CMT, CAIA, is co-founder and chief investment officer of Cambria Investment Management, which manages a dozen ETFs, with $1.9 billion in assets under management. Faber is host of “The Meb Faber Show Podcast.” He also created The Idea Farm website (www.TheIdeaFarm. com) to offer investment research. We spoke with him to discuss his extensive investing career, Cambria’s suite of ETFs, and his views on global diversification ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-18178.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-09-28-34-a-conversation-with-meb-faber-by-leslie-n-masonson-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-09-28-34-a-conversation-with-meb-faber-by-leslie-n-masonson-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov413alqa,d,"{""minimum-quantity"":""1"",""path"":""ch9s2018"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:09 (35): Algo Q&A by Kevin J. Davey"",""caption-linebreaks"":""Algo Q&A by Kevin J. Davey
REVERTING BACK TO THE MEAN
I just finished developing a strategy, and the backtest of the last 10 years looks pretty good. But I decided to make one rule change, and the performance of this strategy is now better. Which version should I trade live with?
In cases like these, I always ask: “If the second version had worse results, would you have asked this question? Would you still prefer strategy 2, even if it was worse?” ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-18175.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-09-35-algo-q-a-by-kevin-j-davey-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-09-35-algo-q-a-by-kevin-j-davey-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov41346ac,d,"{""minimum-quantity"":""1"",""path"":""ch9s2018"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:09 (36–43, 46): Actively Managed ETFs And Mutual Funds: Worthwhile, Or A Waste Of Time And Money? by Leslie N. Masonson"",""caption-linebreaks"":""Actively Managed ETFs And Mutual Funds: Worthwhile, Or A Waste Of Time And Money? by Leslie N. Masonson
The portion of ETFs that are actively rather than pas-sively managed has risen to 34%, and interest from retail investors is only increasing. But the data shows that active managers have a hard time beating their benchmark, and very few do over 20 years. Are there any active ETFs that are exceptional and ripe for purchase? We’ll take a look.
Actively managed EFTs are fairly new to the investment scene, as the first eight came to market in 2008. Five years later there were only 60, and as of June 30, 2023, a decade later, there are 1,075, a 1,692% increase ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-18172.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-09-36-43-46-actively-managed-etfs-and-mutual-funds-worthwhile-or-a-waste-of-time-and-money-by-leslie-n-masonson-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-09-36-43-46-actively-managed-etfs-and-mutual-funds-worthwhile-or-a-waste-of-time-and-money-by-leslie-n-masonson-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov414prre,d,"{""minimum-quantity"":""1"",""path"":""ch9s2018"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:09 (44–46): Product Review: 0DTE Options Trading Workshop Part 2 by John A. Sarkett"",""caption-linebreaks"":""Product Review: 0DTE Options Trading Workshop Part 2 by John A. Sarkett
AEROMIR CORP.
\nEmail: support@aeromir.com Phone: 719 413-4321
\nWebsite: Aeromir.com
\nPrice: $999 for recording of the event
This is part 2 of my report on the three-week workshop. (I have broken this review into two parts because of the extensive amount of material that was covered in the workshop.) Last time in part 1 of this review, I provided some background on all the speakers and I detailed some of the option strategies they covered ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-18169.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-09-44-46-product-review-0dte-options-trading-workshop-part-2-by-john-a-sarkett-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-09-44-46-product-review-0dte-options-trading-workshop-part-2-by-john-a-sarkett-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov414sate2,d,"{""minimum-quantity"":""1"",""path"":""ch9s2018"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:09 (48–49): The Savvy Technician by Stella Osoba"",""caption-linebreaks"":""The Savvy Technician by Stella Osoba
SPOTTING AND TRADING BREAKOUTS
Spotting and trading breakouts can be one of the more profitable if difficult ways to trade. This is because for a breakout to occur, the stock must have been in a prior downtrend, preferably over a significant period of time ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-18130.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-09-48-49-the-savvy-technician-by-stella-osoba-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-09-48-49-the-savvy-technician-by-stella-osoba-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov415exyo,d,"{""minimum-quantity"":""1"",""path"":""ch9s2018"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:09 (50–51): Explore Your Options by Jay Kaeppel"",""caption-linebreaks"":""Explore Your Options by Jay Kaeppel
USING OPTIONS TO PLAY SPECULATIVE STOCKS
I keep finding speculative stocks I’d like to buy and then hesitate and miss the opportunity altogether. Any suggestions on how to avoid this?
One potential benefit of trading options is the ability to jump into a speculative situation for a very low-dollar risk ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-18127.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-09-50-51-explore-your-options-by-jay-kaeppel-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-09-50-51-explore-your-options-by-jay-kaeppel-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov41547tr,d,"{""minimum-quantity"":""1"",""path"":""ch9s2018"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:09 (52–56, 47): Traders’ Tips by Technical Analysis, Inc."",""caption-linebreaks"":""Traders’ Tips by Technical Analysis, Inc.
For this month’s Traders’ Tips, the focus is Andrea Ungers article in the August 2023 issue, “The Weekly Factor Pattern.” Here, we present the September 2023 Traders’ Tips code with possible implementations in various software.
The code for the following Traders’ Tips selections is posted here:
• Traders.com > Home–S&C Magazine > Traders’ Tips
At Traders.com you can also right-click on any chart to open it in a new tab or window and view the chart at a much larger size.
The Traders’ Tips section is provided to help readers implement a selected technique from an article in this issue or another recent issue. The entries here are contributed by software developers or programmers for software that is capable of customization."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-18124.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-09-52-56-47-traders-tips-by-technical-analysis-inc-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-09-52-56-47-traders-tips-by-technical-analysis-inc-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov416mara,d,"{""minimum-quantity"":""1"",""path"":""ch9s2018"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:09 (60–61): Market Rap by Emilio Tomasini"",""caption-linebreaks"":""Market Rap by Emilio Tomasini
WHAT’S THE BEST TIMEFRAME:\nA 1-MINUTE CHART? A MONTHLY CHART? SOMEWHERE IN BETWEEN? (PART 1 OF 2)
Is there a secret to successful trading? Is it perhaps the “right” configuration for the RSI indicator? A mysterious formula for money management? Or maybe a fractal dimension formula to determine when to exit a trade ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-18121.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-09-60-61-market-rap-by-emilio-tomasini-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-09-60-61-market-rap-by-emilio-tomasini-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov4166147,d,"{""minimum-quantity"":""1"",""path"":""ch9s2018"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:09 (62–63, 61, 47): Trading Perspectives by Rob Friesen"",""caption-linebreaks"":""Trading Perspectives by Rob Friesen
THE SINGULARITY PARADOX WITH AI INFLUENCE ON MARKET MECHANICS
Having had numerous conversations with my traders and those in the financial industry regarding artificial intelligence (AI), large language models (LLMs), and of course, ChatGPT and tools like it, I thought it might be good to discuss the paradox that comes with “singularity” in our industry ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-19914.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-09-62-63-61-47-trading-perspectives-by-rob-friesen-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-09-62-63-61-47-trading-perspectives-by-rob-friesen-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov416fufo,d,"{""minimum-quantity"":""1"",""path"":""ch9s2018"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:09 (6–7): Futures For You by Carley Garner"",""caption-linebreaks"":""Futures For You by Carley Garner
HOW HAVE SOUTH AMERICAN GRAIN FARMERS CHANGED THE LANDSCAPE?
Renewable commodities, particularly those grown, are habitually in bear markets ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-19899.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-09-6-7-futures-for-you-by-carley-garner-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-09-6-7-futures-for-you-by-carley-garner-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov418vamo,d,"{""minimum-quantity"":""1"",""path"":""ch9s2018"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:09 (8–15): VAcc: A Momentum Indicator Based On Velocity And Acceleration by Scott Cong, PhD"",""caption-linebreaks"":""VAcc: A Momentum Indicator Based On Velocity And Acceleration by Scott Cong, PhD
Here is a new indicator based on some simple physics concepts that is simple to use, responsive, and precise. Find out how to calculate and use it.
The field of physics gives us some important principles that are highly applicable to analyzing the markets. In this article, I will present a momentum indicator I developed ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-19896.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-09-8-15-vacc-a-momentum-indicator-based-on-velocity-and-acceleration-by-scott-cong-phd-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-09-8-15-vacc-a-momentum-indicator-based-on-velocity-and-acceleration-by-scott-cong-phd-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov411mele,d,"{""minimum-quantity"":""1"",""path"":""ch10o2019"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:10 (16–21): Measuring The Length And Predicting The Reversal Of Trends by Michael S. Lowery"",""caption-linebreaks"":""Measuring The Length And Predicting The Reversal Of Trends by Michael S. Lowery
Here is a unique way to follow a sequence of colors on a chart using different timeframes to identify trend changes as they occur.
As a lifetime entrepreneur, I am always interested in the disproof of flat statements such as “financial markets cannot be predicted.” ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-17542.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-10-16-21-measuring-the-length-and-predicting-the-reversal-of-trends-by-michael-s-lowery-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-10-16-21-measuring-the-length-and-predicting-the-reversal-of-trends-by-michael-s-lowery-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov41231en,d,"{""minimum-quantity"":""1"",""path"":""ch10o2019"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:10 (22–26, 31): Enhancing Trading Strategies With Volatility Compressions And Explosion by Andrea Unger"",""caption-linebreaks"":""Enhancing Trading Strategies With Volatility Compressions And Explosion by Andrea Unger
Sometimes there is a calm before the storm in the markets. You can use a popular tool in the Bollinger Band suite of tools as a trading filter to exploit the explosiveness of a market immediately after a period of price compression. Find out step-by-step how to tackle it.
In this article, we’ll look together at how you can take advantage of one of the most popular indicators in the trading world: Bollinger Bands; in particular, I’ll focus on what’s called the Bollinger Band Width (BBW). I’ll review what the BBW is and how you can apply it ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-17551.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-10-22-26-31-enhancing-trading-strategies-with-volatility-compressions-and-explosion-by-andrea-unger-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-10-22-26-31-enhancing-trading-strategies-with-volatility-compressions-and-explosion-by-andrea-unger-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov41240al,d,"{""minimum-quantity"":""1"",""path"":""ch10o2019"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:10 (27, 40): Algo Q&A by Kevin J. Davey"",""caption-linebreaks"":""Algo Q&A by Kevin J. Davey
STRATEGY SHUT-OFF
If you have an algo strategy you created, would you ever consider turning it off, and why?
Excellent question! Most traders never think about what to do if a new strategy starts performing poorly ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-17548.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-10-27-40-algo-q-a-by-kevin-j-davey-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-10-27-40-algo-q-a-by-kevin-j-davey-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov412twos,d,"{""minimum-quantity"":""1"",""path"":""ch10o2019"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:10 (28–31): Two Simple Indicators To Identify Bull And Bear Markets by Jon Wolfenbarger, CFA"",""caption-linebreaks"":""Two Simple Indicators To Identify Bull And Bear Markets by Jon Wolfenbarger, CFA
By identifying when major bull and bear markets begin and end, you can time your investments better to improve returns and limit downside. Here’s a way to do that by combining just one fundamental indicator with one technical indicator.
Throughout history, stock markets have moved in major “bull” and “bear” market cycles. These significant bull market price uptrends and bear market price downtrends lasted for many months and often years ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-19371.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-10-28-31-two-simple-indicators-to-identify-bull-and-bear-markets-by-jon-wolfenbarger-cfa-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-10-28-31-two-simple-indicators-to-identify-bull-and-bear-markets-by-jon-wolfenbarger-cfa-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov413howt,d,"{""minimum-quantity"":""1"",""path"":""ch10o2019"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:10 (32–34): How To Trade Merger Arb by Perry J. Kaufman"",""caption-linebreaks"":""How To Trade Merger Arb by Perry J. Kaufman
Mergers and acquisitions present opportunities for speculation in the markets; institutional investors routinely pursue such opportunities. Can individual investors also profit from speculating on this type of corporate event? Here’s a look.
\""Merger arb,\"" more formally risk arbitrage, is often a major profit center for a financial institution. But few indi-vidual investors participate. The way it works is ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-10-32-34-how-to-trade-merger-arb-by-perry-j-kaufman-9.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-10-32-34-how-to-trade-merger-arb-by-perry-j-kaufman-13.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-10-32-34-how-to-trade-merger-arb-by-perry-j-kaufman-14.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov41363fu,d,"{""minimum-quantity"":""1"",""path"":""ch10o2019"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:10 (35, 63): Futures For You by Carley Garner"",""caption-linebreaks"":""Futures For You by Carley Garner
CRUDE OIL OPTIONS NOW EXPIRE THREE TIMES PER WEEK; SHOULD RETAIL TRADERS CONSIDER THEM FOR SPECULATION?
Weekly crude oil options expiring every Friday have been available for some time, but in late July 2023, the Chicago Mercantile Exchange Group listed WTI (West Texas Intermediate) crude oil options expiring every Monday and Wednesday ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-19377.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-10-35-63-futures-for-you-by-carley-garner-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-10-35-63-futures-for-you-by-carley-garner-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov413into,d,"{""minimum-quantity"":""1"",""path"":""ch10o2019"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:10 (36–40): An Introduction To Options Part 3: Putting Options To Work For You by John Devcic"",""caption-linebreaks"":""An Introduction To Options Part 3: Putting Options To Work For You by John Devcic
Thinking of getting into options trading? In this article series, we are covering the most important things to know to get started. In part 1 we introduced the components of options. In part 2 we discussed the greek values and implied volatility. Here in the third and final part of the series, we discuss uses for options.
Last time in part 2, I discussed ways to help answer the important question of what option should I buy? Here, I’ll focus more on why buy an option, and I’ll look at different ways to use options, especially if you are just starting out ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-19374.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-10-36-40-an-introduction-to-options-part-3-putting-options-to-work-for-you-by-john-devcic-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-10-36-40-an-introduction-to-options-part-3-putting-options-to-work-for-you-by-john-devcic-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov41449sm,d,"{""minimum-quantity"":""1"",""path"":""ch10o2019"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:10 (41, 49): Small/Large Candle Pair Sequences by Ken Calhoun"",""caption-linebreaks"":""Small/Large Candle Pair Sequences by Ken Calhoun
You can look for two or more ex-panding-range candle pairs to find long momentum trades. Here’s how (and why) it works.
The most successful breakout trades are those that last for several weeks with a strong uptrend and minimal pullbacks ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-19389.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-10-41-49-small-large-candle-pair-sequences-by-ken-calhoun-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-10-41-49-small-large-candle-pair-sequences-by-ken-calhoun-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov41463co,d,"{""minimum-quantity"":""1"",""path"":""ch10o2019"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:10 (42–45, 63): Confluence Trading by Azeez Mustapha"",""caption-linebreaks"":""Confluence Trading by Azeez Mustapha
Build confidence in your trades by using multiple indications to confirm your trade selections. Here is a demonstration of four that you can combine.
The market is a wild jungle where only the strong survive. Successful traders have disciplined themselves to function like a computer program ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-19386.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-10-42-45-63-confluence-trading-by-azeez-mustapha-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-10-42-45-63-confluence-trading-by-azeez-mustapha-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov41431ma,d,"{""minimum-quantity"":""1"",""path"":""ch10o2019"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:10 (46–47, 31): Market Rap by Emilio Tomasini"",""caption-linebreaks"":""Market Rap by Emilio Tomasini
NOT ALL TIMEFRAMES ARE EQUALLY USEFUL (PART 2 OF 2)
Last month in this column, I discussed the role of data compression in quantitative trading, which tells us the timeframe to trade: daily, weekly, or monthly bars ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-19395.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-10-46-47-31-market-rap-by-emilio-tomasini-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-10-46-47-31-market-rap-by-emilio-tomasini-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov414sate3,d,"{""minimum-quantity"":""1"",""path"":""ch10o2019"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:10 (48–49): The Savvy Technician by Stella Osoba"",""caption-linebreaks"":""The Savvy Technician by Stella Osoba
BEFORE RISK AND RETURN
Modern Portfolio Theory (MPT) is used as the basis for the construction of many professionally managed portfolios today ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-19392.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-10-48-49-the-savvy-technician-by-stella-osoba-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-10-48-49-the-savvy-technician-by-stella-osoba-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov415trti3,d,"{""minimum-quantity"":""1"",""path"":""ch10o2019"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:10 (50–56): Traders’ Tips by Technical Analysis, Inc."",""caption-linebreaks"":""Traders’ Tips by Technical Analysis, Inc.
For this month’s Traders’ Tips, the focus is Alfred François Tagher’s article in this issue, “Backwardation, Positioning, And Momentum: A Recipe For High-Conviction Trades.” Here, we present the October 2023 Traders’ Tips code with possible implementations in various software.
The code for the following Traders’ Tips selections is posted here:
• Traders.com > Home–S&C Magazine > Traders’ Tips
At Traders.com you can also right-click on any chart to open it in a new tab or window and view the chart at a much larger size.
The Traders’ Tips section is provided to help readers implement a selected technique from an article in this issue or another recent issue. The entries here are contributed by software developers or programmers for software that is capable of customization."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-17557.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-10-50-56-traders-tips-by-technical-analysis-inc-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-10-50-56-traders-tips-by-technical-analysis-inc-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov41656tr,d,"{""minimum-quantity"":""1"",""path"":""ch10o2019"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:10 (60–62, 56): Trading Perspectives by Rob Friesen"",""caption-linebreaks"":""Trading Perspectives by Rob Friesen
WHAT’S IN STORE FOR OCTOBER? WHAT ABOUT NOVEMBER? SEASONALITY STATISTICS ARE PERSISTENTLY ROBUST!
The ever-changing world of finance constantly brings us new factors to consider, such as the rise of artificial intelligence, the fintech revolution, experimental monetary policies, climate change, and political agendas the world over, to name a few ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-17554.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-10-60-62-56-trading-perspectives-by-rob-friesen-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-10-60-62-56-trading-perspectives-by-rob-friesen-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov416exyo1,d,"{""minimum-quantity"":""1"",""path"":""ch10o2019"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:10 (6–7): Explore Your Options by Jay Kaeppel"",""caption-linebreaks"":""Explore Your Options by Jay Kaeppel
THE MARRIED PUT
I find stocks that I think could soar in the year ahead, but they are highly volatile, and I am worried about either huge losses or getting stopped out early and often (if I keep getting back in). Is there anything I can do with options to help?
One strategy to consider is known as the married put. As the name implies, it involves buying a put option while holding long shares of a given security ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-17566.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-10-6-7-explore-your-options-by-jay-kaeppel-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-10-6-7-explore-your-options-by-jay-kaeppel-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov418bapo,d,"{""minimum-quantity"":""1"",""path"":""ch10o2019"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:10 (8–15): Backwardation, Positioning, And Momentum: A Recipe For High-Conviction Trades by Alfred François Tagher"",""caption-linebreaks"":""Backwardation, Positioning, And Momentum: A Recipe For High-Conviction Trades by Alfred François Tagher
Here is a long trade setup you can use for trading futures contracts that is based on momentum, COT data, and taking advantage of backwardation situations in futures markets. We’ll explain.
Traders are constantly looking for ways to increase the level of conviction on their trades. They do this in various ways, such as the use of market cycles and seasonal indicators, all designed to put the weight of the evidence in their favor ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-17545.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-10-8-15-backwardation-positioning-and-momentum-a-recipe-for-high-conviction-trades-by-alfred-fran-ois-tagher-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-10-8-15-backwardation-positioning-and-momentum-a-recipe-for-high-conviction-trades-by-alfred-fran-ois-tagher-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov411astr,d,"{""minimum-quantity"":""1"",""path"":""ch11d20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:11 (16–17): Ascending Triangle Pivots by Ken Calhoun"",""caption-linebreaks"":""Ascending Triangle Pivots by Ken Calhoun
The search for technical entry signals used to find tradable pivots can be a challenge. This month’s strategy uses ascending triangles following a sustained downtrend.
The goal is to trade ascending triangles during an uptrend following a breakout above the triangle, and exit near resistance several days or weeks later ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-17361.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-11-16-17-ascending-triangle-pivots-by-ken-calhoun-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-11-16-17-ascending-triangle-pivots-by-ken-calhoun-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov411tiad,d,"{""minimum-quantity"":""1"",""path"":""ch11d20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:11 (18–23): The Time-Tested Adjustable Moving Average by Jacinta Chan, PhD"",""caption-linebreaks"":""The Time-Tested Adjustable Moving Average by Jacinta Chan, PhD
When pursuing profits, the trader must decide which markets and instruments to trade, and then decide which analysis tools to apply to each market. So which technical indicators are best to use with which markets, and which markets offer the best profits? We explore that here.
There are so many markets to trade—stocks, commodities, foreign exchange, futures markets—and they are all moving and are very different ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-19157.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-11-18-23-the-time-tested-adjustable-moving-average-by-jacinta-chan-phd-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-11-18-23-the-time-tested-adjustable-moving-average-by-jacinta-chan-phd-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov412loat,d,"{""minimum-quantity"":""1"",""path"":""ch11d20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:11 (24–27): Looking At Minute-By-Minute Stock Option Data Part 3: Alternatives To Black-Scholes by Greg Aharonian"",""caption-linebreaks"":""Looking At Minute-By-Minute Stock Option Data Part 3: Alternatives To Black-Scholes by Greg Aharonian
Many concerns have been expressed over the years about the assumptions made by the Black-Scholes model (and some other option models) with regard to the volatility and continuity in the markets. When trading very short-term option contracts, do the model’s assumptions really reflect reality? Here’s a look.
In this series of articles, I have been writing about empirical analysis of stock option chain data to get a better feel for how option premiums change on a short timescale, from a few minutes to a few hours to a few days ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-19154.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-11-24-27-looking-at-minute-by-minute-stock-option-data-part-3-alternatives-to-black-scholes-by-greg-aharonian-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-11-24-27-looking-at-minute-by-minute-stock-option-data-part-3-alternatives-to-black-scholes-by-greg-aharonian-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov412uszi,d,"{""minimum-quantity"":""1"",""path"":""ch11d20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:11 (28–31): Using ZigZag To Anchor Volume Weighted Average Price (VWAP) by Bill Roberts"",""caption-linebreaks"":""Using ZigZag To Anchor Volume Weighted Average Price (VWAP) by Bill Roberts
The anchored VWAP is used to confirm trends and identify areas of support and resistance. The “anchor” adds a specific starting point, factoring in price and volume. Here is a way to automatically locate zigzag highs/lows to use as anchor points.
Brian Shannon’s recent book Maximum Trading Gains With Anchored VWAP emphasizes the importance of the anchor in calculating the subsequent values for volume-weighing the price ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-19160.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-11-28-31-using-zigzag-to-anchor-volume-weighted-average-price-vwap-by-bill-roberts-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-11-28-31-using-zigzag-to-anchor-volume-weighted-average-price-vwap-by-bill-roberts-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov413thmo,d,"{""minimum-quantity"":""1"",""path"":""ch11d20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:11 (32–36): The Three Moving Averages Forex Trading Strategy by Azeez Mustapha"",""caption-linebreaks"":""The Three Moving Averages Forex Trading Strategy by Azeez Mustapha
Here’s a trading strategy you can use for trading high-volatility markets such as forex, cryptocurrencies, or stocks. It’s based simply on three simple moving averages.
The foreign exchange market, or forex, is the largest financial market in the world, with over $6 trillion traded every day, seven days a week. The market is highly accessible, and anyone can participate ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-11-32-36-the-three-moving-averages-forex-trading-strategy-by-azeez-mustapha-12.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-11-32-36-the-three-moving-averages-forex-trading-strategy-by-azeez-mustapha-16.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-11-32-36-the-three-moving-averages-forex-trading-strategy-by-azeez-mustapha-17.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov413alqa1,d,"{""minimum-quantity"":""1"",""path"":""ch11d20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:11 (37): Algo Q&A by Kevin J. Davey"",""caption-linebreaks"":""Algo Q&A by Kevin J. Davey
BACKTEST BLUES
I have written my own backtest code, I’m very happy with the backtest results but it doesn’t translate to live trading. What could be wrong?
Thanks for the question. There are many things that can go wrong in going from the backtest to live trading. I’ll try to highlight some of the major causes here ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-19175.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-11-37-algo-q-a-by-kevin-j-davey-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-11-37-algo-q-a-by-kevin-j-davey-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov41362sa,d,"{""minimum-quantity"":""1"",""path"":""ch11d20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:11 (38–39, 62): The Savvy Technician by Stella Osoba, CMT"",""caption-linebreaks"":""The Savvy Technician by Stella Osoba, CMT
WHY YOU MUST TRUST THE CHART AND NOT YOURSELF
Every so often, it is wise to go back to basics, because basics are the building blocks of everything we do. As technicians, we must take time to remember the basics of chart reading ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-19172.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-11-38-39-62-the-savvy-technician-by-stella-osoba-cmt-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-11-38-39-62-the-savvy-technician-by-stella-osoba-cmt-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov414inco,d,"{""minimum-quantity"":""1"",""path"":""ch11d20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:11 (40–43): Interview: A Conversation With Herb Friedman by Perry J. Kaufman"",""caption-linebreaks"":""Interview: A Conversation With Herb Friedman by Perry J. Kaufman
Herb Friedman manages money using high-yield mutual funds, an investment area that is not often covered in this magazine. He offers investment advice as an investment advisor representative of Portfolio Medics, an SEC-registered investment advisor located in Bonita Springs, FL ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-19181.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-11-40-43-interview-a-conversation-with-herb-friedman-by-perry-j-kaufman-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-11-40-43-interview-a-conversation-with-herb-friedman-by-perry-j-kaufman-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov414twoe,d,"{""minimum-quantity"":""1"",""path"":""ch11d20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:11 (44–50): Two ETFs Based On IBD Indexes: Do They Live Up To Their Classic Approach? by Leslie N. Masonson"",""caption-linebreaks"":""Two ETFs Based On IBD Indexes: Do They Live Up To Their Classic Approach? by Leslie N. Masonson
IBD is a weekly financial newspaper well-known for its extensive stock market data crunching and top stock rankings. Here, we’ll look at two ETFs that use stock-selection strategies developed and made famous by IBD. We’ll begin with a review of IBD’s history and then analyze the two ETFs, including key metrics and performance, to see how well they put into practice the classic investing themes given to investors by IBD.
Most investors and traders are familiar with Investor’s Business Daily (IBD) newspaper (previously known as Investor’s Daily in the early years) and its accompanying website www.investors.com, available since 2016 ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-19178.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-11-44-50-two-etfs-based-on-ibd-indexes-do-they-live-up-to-their-classic-approach-by-leslie-n-masonson-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-11-44-50-two-etfs-based-on-ibd-indexes-do-they-live-up-to-their-classic-approach-by-leslie-n-masonson-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov41556ma,d,"{""minimum-quantity"":""1"",""path"":""ch11d20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:11 (51, 56): Markey Rap by Emilio Tomasini"",""caption-linebreaks"":""Markey Rap by Emilio Tomasini
WHAT IS GOOD FINANCIAL INFORMATION ? (PART 1 OF 2)
I started working as a local journalist when I was 14 years old. We’re talking about the early 1980s, and talking about it now feels like talking about prehistoric times ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-17346.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-11-51-56-markey-rap-by-emilio-tomasini-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-11-51-56-markey-rap-by-emilio-tomasini-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov415trti4,d,"{""minimum-quantity"":""1"",""path"":""ch11d20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:11 (52–56): Traders’ Tips by Technical Analysis, Inc."",""caption-linebreaks"":""Product Description
Traders’ Tips by Technical Analysis, Inc.
For this month’s Traders’ Tips, the focus is Scott Cong's article in the September 2023 issue, “VAcc: A Momentum Indicator Based On Velocity And Acceleration.” Here, we present the November 2023 Traders’ Tips code with possible implementations in various software.
The code for the following Traders’ Tips selections is posted here:
• Traders.com > Home–S&C Magazine > Traders’ Tips
At Traders.com you can also right-click on any chart to open it in a new tab or window and view the chart at a much larger size.
The Traders’ Tips section is provided to help readers implement a selected technique from an article in this issue or another recent issue. The entries here are contributed by software developers or programmers for software that is capable of customization."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-17343.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-11-52-56-traders-tips-by-technical-analysis-inc-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-11-52-56-traders-tips-by-technical-analysis-inc-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov416exyo2,d,"{""minimum-quantity"":""1"",""path"":""ch11d20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:11 (60–62): Explore Your Options by Jay Kaeppel"",""caption-linebreaks"":""Explore Your Options by Jay Kaeppel
AN ALTERNATIVE STRADDLE
I typically buy straddles on securities when they are experiencing low volatility. However, I wonder if there is a way to improve my odds of success without dramatically increasing risk.
As you are undoubtedly aware, buying a straddle involves buying a call and a put simultaneously in anticipation that the underlying security will make a significant price movement ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-17349.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-11-60-62-explore-your-options-by-jay-kaeppel-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-11-60-62-explore-your-options-by-jay-kaeppel-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov41617fu,d,"{""minimum-quantity"":""1"",""path"":""ch11d20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:11 (6–7, 17): Futures For You by Carley Garner"",""caption-linebreaks"":""Futures For You by Carley Garner
CRUDE OIL OPTIONS NOW EXPIRE THREE TIMES PER WEEK; SHOULD RETAIL TRADERS CONSIDER THEM FOR SPECULATION? (PART 2 OF 3)
Last month, we discussed the logistics and characteristics of weekly crude oil options; this month, we are going to go over some ways in which short-term speculators, even day traders, can use weekly options as a limited-risk method of participating in a market that has traditionally been fraught with volatility ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-17358.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-11-6-7-17-futures-for-you-by-carley-garner-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-11-6-7-17-futures-for-you-by-carley-garner-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov41817mo,d,"{""minimum-quantity"":""1"",""path"":""ch11d20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:11 (8–15, 17): The Monday Effect, Revisited by Ken Huck & Nelson Huck"",""caption-linebreaks"":""The Monday Effect, Revisited by Ken Huck & Nelson Huck
Stock indexes tend to perform differently on different days of the week. This tendency has delivered trading opportunities to investors over many decades. The “Monday effect” is the best known pattern, but this study demonstrates other patterns exist for other market indexes. Can traders rely on these patterns? Here’s an updated look.
The “Monday effect” is the historical observation that stocks tend to be weak on Mondays. Investors have been aware of the Monday effect since at least the 1920s ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-17364.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-11-8-15-17-the-monday-effect-revisited-by-ken-huck-nelson-huck-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-11-8-15-17-the-monday-effect-revisited-by-ken-huck-nelson-huck-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov411alqa1,d,"{""minimum-quantity"":""1"",""path"":""ch12d2019"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:12 (17): Algo Q&A by Kevin J. Davey"",""caption-linebreaks"":""Algo Q&A by Kevin J. Davey
ALGO OVERRIDE
When is it appropriate to override an algo’s signals?
Imagine you are an architect. You spend years in university, learning the principles, rules, etc of architecture ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-19333.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-12-17-algo-q-a-by-kevin-j-davey-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-12-17-algo-q-a-by-kevin-j-davey-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov411stfo,d,"{""minimum-quantity"":""1"",""path"":""ch12d2019"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:12 (18–23): A Strategy For Trading Seasonal And Non-Seasonal Markets by Perry J. Kaufman"",""caption-linebreaks"":""A Strategy For Trading Seasonal And Non-Seasonal Markets by Perry J. Kaufman
If you can see a seasonal or non-seasonal pattern, you may be able to profit from it. Here is an example of how to find and exploit patterns.
Seasonal patterns are appealing because they are real, not found by manipulating data, but by centuries of crop production modified by the evolution of agribusiness and technology ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-17518.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-12-18-23-a-strategy-for-trading-seasonal-and-non-seasonal-markets-by-perry-j-kaufman-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-12-18-23-a-strategy-for-trading-seasonal-and-non-seasonal-markets-by-perry-j-kaufman-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov41231bu,d,"{""minimum-quantity"":""1"",""path"":""ch12d2019"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:12 (24–29, 31): Building A Trend-Following System by Dillon Figueredo"",""caption-linebreaks"":""Building A Trend-Following System by Dillon Figueredo
Does filtering trade entries with a volume flow indicator improve the performance of a moving average crossover system when used in a trend-following strategy? Here’s a test to find out.
Since I started developing trading strategies, trend-following systems have always captivated my interest. However, such systems typically do not boast high win rates ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-17521.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-12-24-29-31-building-a-trend-following-system-by-dillon-figueredo-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-12-24-29-31-building-a-trend-following-system-by-dillon-figueredo-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov413mara1,d,"{""minimum-quantity"":""1"",""path"":""ch12d2019"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:12 (30–31): Market Rap by Emilio Tomasini"",""caption-linebreaks"":""Market Rap by Emilio Tomasini
WHAT IS GOOD FINANCIAL INFORMATION ? (PART 2 OF 2)
Last month, I discussed what true financial information is as opposed to financial hearsay and gossip ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-17512.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-12-30-31-market-rap-by-emilio-tomasini-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-12-30-31-market-rap-by-emilio-tomasini-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov41351di,d,"{""minimum-quantity"":""1"",""path"":""ch12d2019"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:12 (32–35, 51): A Directional Pattern To Ride The Wave by Andrea Unger"",""caption-linebreaks"":""A Directional Pattern To Ride The Wave by Andrea Unger
Here is a price pattern you can use with a trading strategy to filter trades and ride a price wave. We’ll explain the logic and show step-by-step how to do it.
Is it possible to use a pattern to ride a price wave? Let’s see how ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-17515.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-12-32-35-51-a-directional-pattern-to-ride-the-wave-by-andrea-unger-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-12-32-35-51-a-directional-pattern-to-ride-the-wave-by-andrea-unger-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov41362nc,d,"{""minimum-quantity"":""1"",""path"":""ch12d2019"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:12 (36–41, 62): N-CAMA: Combining Artificial Intelligence With A Time-Tested Technical Analysis Indicator by Jacinta Chan, PhD"",""caption-linebreaks"":""N-CAMA: Combining Artificial Intelligence With A Time-Tested Technical Analysis Indicator by Jacinta Chan, PhD
Traditional technical analysis tools can benefit from the aid of machine learning. Here, we introduce a dynamic trading model called the N-CAMA. It combines a time-tested tool, the adjustable moving average, with the power of artificial intelligence for prediction of tomorrow’s prices. Find out how it works.
In my previous article, “The Time-Tested Adjustable Moving Average,” I discussed the adjustable moving average (AMA) as a very good tool to use in today’s fast-changing markets. I explained how it is calculated and I presented some research that showed ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-17485.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-12-36-41-62-n-cama-combining-artificial-intelligence-with-a-time-tested-technical-analysis-indicator-by-jacinta-chan-phd-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-12-36-41-62-n-cama-combining-artificial-intelligence-with-a-time-tested-technical-analysis-indicator-by-jacinta-chan-phd-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov414inco1,d,"{""minimum-quantity"":""1"",""path"":""ch12d2019"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:12 (42–50): Interview: A Conversation With Teresa Lo by Leslie N. Masonson"",""caption-linebreaks"":""Interview: A Conversation With Teresa Lo by Leslie N. Masonson
Teresa Lo has enjoyed a productive and successful career in the stock market over several decades. After working at brokerage firms, she began trading for herself, first in daytrading and then swing trading before eventually becoming more of an investor with a diversified portfolio. She founded several websites including IntelligentSpeculator (1998), trendVUE (2000), and InViVo Analytics (2007). She joined forces with IQ Chart, which was absorbed by Infospace in 2001. As a TradeStation user since 1997, she developed her own suite of trading tools and made them available by subscription. We interviewed her about her trading career, resources at her website, and her pursuits in educating traders ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-17488.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-12-42-50-interview-a-conversation-with-teresa-lo-by-leslie-n-masonson-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-12-42-50-interview-a-conversation-with-teresa-lo-by-leslie-n-masonson-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov415trti5,d,"{""minimum-quantity"":""1"",""path"":""ch12d2019"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:12 (52–56): Traders’ Tips by Technical Analysis, Inc."",""caption-linebreaks"":""Traders’ Tips by Technical Analysis, Inc.
For this month’s Traders’ Tips, the focus is Markos Katsanos' article in this issue, “Growth Or Value?” Here, we present the December 2023 Traders’ Tips code with possible implementations in various software.
The code for the following Traders’ Tips selections is posted here:
• Traders.com > Home–S&C Magazine > Traders’ Tips
At Traders.com you can also right-click on any chart to open it in a new tab or window and view the chart at a much larger size.
The Traders’ Tips section is provided to help readers implement a selected technique from an article in this issue or another recent issue. The entries here are contributed by software developers or programmers for software that is capable of customization."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-17479.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-12-52-56-traders-tips-by-technical-analysis-inc-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-12-52-56-traders-tips-by-technical-analysis-inc-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov416exyo3,d,"{""minimum-quantity"":""1"",""path"":""ch12d2019"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:12 (60–62): Explore Your Options by Jay Kaeppel"",""caption-linebreaks"":""Explore Your Options by Jay Kaeppel
CASH-SECURED PUTS
I keep hearing that selling cash-secured puts to generate income is a good idea. Is that true?
If the question is “Can you generate income?” the answer is yes. Whether or not it is a good idea depends on how well you understand the tradeoffs between reward and risk ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-17482.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-12-60-62-explore-your-options-by-jay-kaeppel-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-12-60-62-explore-your-options-by-jay-kaeppel-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov416fufo1,d,"{""minimum-quantity"":""1"",""path"":""ch12d2019"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:12 (6–7): Futures For You by Carley Garner"",""caption-linebreaks"":""Futures For You by Carley Garner
CRUDE OIL OPTIONS NOW EXPIRE THREE TIMES PER WEEK; SHOULD RETAIL TRADERS CONSIDER THEM FOR SPECULATION? (PART 3 OF 3)
Last month, we discussed the practice of using long calls and puts with proximal expirations (a day or two away rather than a month or two) to speculate on short-term price moves ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-19336.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-12-6-7-futures-for-you-by-carley-garner-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-12-6-7-futures-for-you-by-carley-garner-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov418gror,d,"{""minimum-quantity"":""1"",""path"":""ch12d2019"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:12 (8–16): Growth Or Value? by Markos Katsanos"",""caption-linebreaks"":""Growth Or Value? by Markos Katsanos
Choosing between growth or value stocks presents a challenging dilemma for every investor. Here is a strategy that will help you beat the market by rotating between Vanguard’s value and growth ETFs accord-ing to market conditions.
Value and growth investing are two completely different investing styles. Growth investing involves investing in companies that have high potential for future growth ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-19330.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-12-8-16-growth-or-value-by-markos-katsanos-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-12-8-16-growth-or-value-by-markos-katsanos-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov411fors,d,"{""minimum-quantity"":""1"",""path"":""ch13bis2011"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:13 (12–15): For Success In Trading, Keep Tomorrow In Your Sights by Emilio Tomasini"",""caption-linebreaks"":""For Success In Trading, Keep Tomorrow In Your Sights by Emilio Tomasini
Whether you are currently making money in trading or are just starting out and looking to become a profitable trader, you will want to maintain the level of success you are able to achieve. And it starts with this mindset.
What can you do to keep a reliable plan in place for system trading? And when you have found a level of success in trading, what can you do to maintain that level of success ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-17536.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-13-12-15-for-success-in-trading-keep-tomorrow-in-your-sights-by-emilio-tomasini-5.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-13-12-15-for-success-in-trading-keep-tomorrow-in-your-sights-by-emilio-tomasini-6.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov411does,d,"{""minimum-quantity"":""1"",""path"":""ch13bis2011"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:13 (16–18): Do ESG Funds Rate A Place In Your Portfolio? by Matt Blackman"",""caption-linebreaks"":""Do ESG Funds Rate A Place In Your Portfolio? by Matt Blackman
The category of “environmental, social, and governance” funds have become a mainstay in fund offerings. Do they offer a compelling investment choice? Here’s a look.
Turn on the financial news channels or read some financial headlines and you are likely to come across the term “ESG” ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-17530.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-13-16-18-do-esg-funds-rate-a-place-in-your-portfolio-by-matt-blackman-5.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-13-16-18-do-esg-funds-rate-a-place-in-your-portfolio-by-matt-blackman-6.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov412uspr,d,"{""minimum-quantity"":""1"",""path"":""ch13bis2011"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:13 (20–21): Using Price Channels by Stella Osoba, CMT"",""caption-linebreaks"":""Using Price Channels by Stella Osoba, CMT
One longstanding and fundamental charting technique is the use of price channels. Here’s why so many techniques are based on the concept and why technicians consider them so useful.
Donchian channels are price channels developed by Richard Donchian (1905–1993). Donchian was a pioneer in the field of commodities and futures trading ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-17524.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-13-20-21-using-price-channels-by-stella-osoba-cmt-5.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-13-20-21-using-price-channels-by-stella-osoba-cmt-6.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov412isca,d,"{""minimum-quantity"":""1"",""path"":""ch13bis2011"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:13 (22–26): Is Candlestick Analysis Effective? by Stephen W. Bigalow"",""caption-linebreaks"":""Is Candlestick Analysis Effective? by Stephen W. Bigalow
Human nature is the most consistent price move indicator, and it is depicted in candlestick charts.
Candlestick analysis is one of the oldest and longest-lived techniques for analyzing price movement. It has been in existence for hundreds of years ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-17473.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-13-22-26-is-candlestick-analysis-effective-by-stephen-w-bigalow-5.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-13-22-26-is-candlestick-analysis-effective-by-stephen-w-bigalow-6.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov41244re,d,"{""minimum-quantity"":""1"",""path"":""ch13bis2011"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:13 (27–29, 44): A Retrospective: Interviews by Technical Analysis, Inc."",""caption-linebreaks"":""A Retrospective: Interviews by Technical Analysis, Inc.
Here in this 2023 Bonus Issue of Technical Analysis of STOCKS & COMMODITIES magazine, we wanted to take a look back at some of the wisdoms and meaningful insights offered by those we’ve interviewed recently for this magazine. Over our four decades of publishing this magazine, we’ve presented interviews with hundreds of analysts, technicians, traders, and educators—people who have a lot to teach us about trading and market analysis, from years ago up through the present. Such an extensive slate of interviews over the years has captured some of the best trading and investing wisdoms to be found.
To read the full text of any of the interviews quoted here or for more inspiration, visit our article archives at Traders.com ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-17467.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-13-27-29-44-a-retrospective-interviews-by-technical-analysis-inc-5.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-13-27-29-44-a-retrospective-interviews-by-technical-analysis-inc-6.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov41320re,d,"{""minimum-quantity"":""1"",""path"":""ch13bis2011"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:13 (30–38): 2023 Readers’ Choice Awards by Technical Analysis, Inc."",""caption-linebreaks"":""2023 Readers’ Choice Awards by Technical Analysis, Inc.
We are pleased to present the Technical Analysis of STOCKS & COMMODITIES magazine 2023 Readers’ Choice Awards (RCA). Each year, we put before our readers a ballot of products and services related to technical analysis and trading. The following pages present the products and services you and your peers chose this year as your favorites.
The Readers’ Choice Awards begins each year with a list of products gathered by the editors of STOCKS & COMMODITIES, with space for write-in votes (given that our list doesn’t claim to be complete). Then, to find out what our readers find to be the most useful for their trading, we ask them to choose their favorite products or the ones they find most useful from various categories by going to our website, Traders.com, and filling out the survey there ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-17461.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-13-30-38-2023-readers-choice-awards-by-technical-analysis-inc-5.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-13-30-38-2023-readers-choice-awards-by-technical-analysis-inc-6.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov4131520,d,"{""minimum-quantity"":""1"",""path"":""ch13bis2011"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:13 (39, 15): 2022 Traders.com Advantage Articles by Technical Analysis, Inc."",""caption-linebreaks"":""2022 Traders.com Advantage Articles by Technical Analysis, Inc.
Here are the articles you missed in 2022 if you weren’t a subscriber ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-13-39-15-2022-traders-com-advantage-articles-by-technical-analysis-inc-25.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-13-39-15-2022-traders-com-advantage-articles-by-technical-analysis-inc-29.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-13-39-15-2022-traders-com-advantage-articles-by-technical-analysis-inc-30.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov41420sc,d,"{""minimum-quantity"":""1"",""path"":""ch13bis2011"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:13 (40–43): 2022 S&C Articles by Technical Analysis, Inc."",""caption-linebreaks"":""2022 S&C Articles by Technical Analysis, Inc.
If you weren’t subscribing to Technical Analysis of STOCKS & COMMODITIES, The Traders’ Magazine, throughout 2022, you missed out on a lot of information. Here is some of what you missed ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-19368.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-13-40-43-2022-s-c-articles-by-technical-analysis-inc-5.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-13-40-43-2022-s-c-articles-by-technical-analysis-inc-6.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov416chtr,d,"{""minimum-quantity"":""1"",""path"":""ch13bis2011"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 41:13 (6–10): Choosing A Trading Method by Jeffrey Gibby"",""caption-linebreaks"":""Choosing A Trading Method by Jeffrey Gibby
The advantage of technical analysis methods is their objectivity, allowing you to test them and compare their performance. Here’s a demonstration.
Technical analysis methods have evolved since the early 18th century with subjects like candlestick theory and Dow theory. There are literally hundreds of methodologies ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-17539.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-13-6-10-choosing-a-trading-method-by-jeffrey-gibby-5.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-41-13-6-10-choosing-a-trading-method-by-jeffrey-gibby-6.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov421gapm,d,"{""minimum-quantity"":""1"",""path"":""ch1j2015"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:01 (14–17): Gap Momentum by Perry J. Kaufman"",""caption-linebreaks"":""Gap Momentum by Perry J. Kaufman
Here’s a way to use opening gap data to create a momentum strategy.
I was reminded recently that J. Welles Wilder, who I knew personally, was fascinated by opening gaps. We have all thought about those pesky moves that can give you a poor fill or jump through your stop-loss. I have tried to take advantage of them by buying a pullback ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-17413.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-01-14-17-gap-momentum-by-perry-j-kaufman-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-01-14-17-gap-momentum-by-perry-j-kaufman-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov42121ne,d,"{""minimum-quantity"":""1"",""path"":""ch1j2015"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:01 (18–19, 21): Newton’s Cradle And The Short Butterfly by John A. Sarkett"",""caption-linebreaks"":""Newton’s Cradle And The Short Butterfly by John A. Sarkett
In option trading, a “Newton’s cradle” is an offsetting debit spread position. Here is a look at this type of trade and why it is used.
One type of option trade that is never taught or even mentioned in trading circles or seminars is the short butterfly. Sell a $5 butterfly for a $1 credit? And take on $4 of risk? No way. Who in their right mind would do that ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-17410.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-01-18-19-21-newton-s-cradle-and-the-short-butterfly-by-john-a-sarkett-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-01-18-19-21-newton-s-cradle-and-the-short-butterfly-by-john-a-sarkett-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov422swtr,d,"{""minimum-quantity"":""1"",""path"":""ch1j2015"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:01 (20–21): Swing Trading VIX Reversals by Ken Calhoun"",""caption-linebreaks"":""Swing Trading VIX Reversals by Ken Calhoun
This month’s column will give you useful tips to confirm upward reversals in UVXY.
U.S. equity markets began selling off at the beginning of August 2023. When this happens ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-17407.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-01-20-21-swing-trading-vix-reversals-by-ken-calhoun-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-01-20-21-swing-trading-vix-reversals-by-ken-calhoun-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov422zhow,d,"{""minimum-quantity"":""1"",""path"":""ch1j2015"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:01 (22–24): Z-Score: How To Use It In Trading by Andrea Unger"",""caption-linebreaks"":""Z-Score: How To Use It In Trading by Andrea Unger
The Z-score can help to analyze sequences of trades to determine the relationship between wins and losses. You can use this statistic to refine your trading strategy to maximize profitability. We’ll show you how.
The Z-score discussed here is a parameter that measures how interdependent trades are, that is, in a sequence of trades, it indicates the extent to which the outcome of a trade (in terms of a profit or loss) depends on the previous trades ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-19238.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-01-22-24-z-score-how-to-use-it-in-trading-by-andrea-unger-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-01-22-24-z-score-how-to-use-it-in-trading-by-andrea-unger-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov422alqa,d,"{""minimum-quantity"":""1"",""path"":""ch1j2015"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:01 (25): Algo Q&A by Kevin J. Davey"",""caption-linebreaks"":""Algo Q&A by Kevin J. Davey
EXPECTATIONS
What is the toughest part of algo trading?
Great question! There is so much about algo trading (and trading in general) that is difficult ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-19235.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-01-25-algo-q-a-by-kevin-j-davey-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-01-25-algo-q-a-by-kevin-j-davey-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov422pipo,d,"{""minimum-quantity"":""1"",""path"":""ch1j2015"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:01 (26–30): A Pivot Point Trading Strategy by Azeez Mustapha"",""caption-linebreaks"":""A Pivot Point Trading Strategy by Azeez Mustapha
Pivot points project where price may change course. They can be calculated with simple arithmetic. Here is a basic trading strategy based on pivot points to use in the crypto or other trending markets.
The pivot point trading strategy that I will describe in this article hinges on numerical analysis in the financial markets. Crypto currency prices are quantified, just as dates and times are ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-19232.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-01-26-30-a-pivot-point-trading-strategy-by-azeez-mustapha-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-01-26-30-a-pivot-point-trading-strategy-by-azeez-mustapha-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov423bofo,d,"{""minimum-quantity"":""1"",""path"":""ch1j2015"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:01 (30): Books For Traders by Technical Analysis, Inc."",""caption-linebreaks"":""Books For Traders by Technical Analysis, Inc.
The following selection of book descriptions represents a sampling of recent book releases in the investing field. Books described here may be from some of the major book publishers as well as some independent book publishers. These are not critical reviews or editorial evaluations, but rather a brief look at the book marketplace to help keep readers up to date on new or recent book offerings. This month:
Trend Following Masters (Volume 2): Trading Psychology Conversations by Michael Covel
Stock Trader’s Almanac 2024 by Jeffrey A. Hirsch
The Naked Trader’s Book Of Trading Strategies by Robbie Burns"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-19226.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-01-30-books-for-traders-by-technical-analysis-inc-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-01-30-books-for-traders-by-technical-analysis-inc-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov423mara,d,"{""minimum-quantity"":""1"",""path"":""ch1j2015"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:01 (31): Market Rap by Emilio Tomasini"",""caption-linebreaks"":""Market Rap by Emilio Tomasini
AUTOMATION IN TRADING: A REAL LIFE SAVER (PART 1 OF 2)
In the vast sea of operational finance, a clear distinction is often made between “discretionary” technical analysis, a type of analysis based on subjective interpretation of charts and indicators, and “quantitative” (or “systematic”) technical analysis, which relies on a set of statistically tested patterns from the past, thus endowed with scientific validity ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-19220.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-01-31-market-rap-by-emilio-tomasini-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-01-31-market-rap-by-emilio-tomasini-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov423loat,d,"{""minimum-quantity"":""1"",""path"":""ch1j2015"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:01 (32–38): A Look At ARK ETFs: Are They Ready For A Resurgence? by Leslie N. Masonson"",""caption-linebreaks"":""A Look At ARK ETFs: Are They Ready For A Resurgence? by Leslie N. Masonson
ARK ETFs got crushed from their 2021 peak. Are they ready for a resurgence, or is more bad news ahead for this well-known family of ETFs? We’ll examine some potentially deciding factors.
Back in October 2020 with the COVID-19 pandemic still raging and the ARK ETFs soaring, I was considering writing an article about them, but I was hesitant because ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-19217.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-01-32-38-a-look-at-ark-etfs-are-they-ready-for-a-resurgence-by-leslie-n-masonson-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-01-32-38-a-look-at-ark-etfs-are-they-ready-for-a-resurgence-by-leslie-n-masonson-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov42346fu,d,"{""minimum-quantity"":""1"",""path"":""ch1j2015"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:01 (39, 46): Futures For You by Carley Garner"",""caption-linebreaks"":""Futures For You by Carley Garner
WHAT IS A MISCONCEPTION MANY HAVE ABOUT MARKETS BEFORE THEY BEGIN SPECULATING?
Over the years, I have had seemingly endless conversations with folks new to trading or just exploring their curiosity about futures and options speculation. Very few realize that markets don’t owe participants execution at their desired or requested prices ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-19214.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-01-39-46-futures-for-you-by-carley-garner-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-01-39-46-futures-for-you-by-carley-garner-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov424trti,d,"{""minimum-quantity"":""1"",""path"":""ch1j2015"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:01 (40–46): Traders’ Tips by Technical Analysis, Inc."",""caption-linebreaks"":""Traders’ Tips by Technical Analysis, Inc.
For this month’s Traders’ Tips, the focus is Perry Kaufman’s article in this issue, “Gap Momentum.” Here, we present the January 2024 Traders’ Tips code with possible implementations in various software.
The code for the following Traders’ Tips selections is posted here:
• Traders.com > Home–S&C Magazine > Traders’ Tips
At Traders.com you can also right-click on any chart to open it in a new tab or window and view the chart at a much larger size.
The Traders’ Tips section is provided to help readers implement a selected technique from an article in this issue or another recent issue. The entries here are contributed by software developers or programmers for software that is capable of customization."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-01-40-46-traders-tips-by-technical-analysis-inc-9.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-01-40-46-traders-tips-by-technical-analysis-inc-13.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-01-40-46-traders-tips-by-technical-analysis-inc-14.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov42548ex,d,"{""minimum-quantity"":""1"",""path"":""ch1j2015"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:01 (52–54, 48): Explore Your Options by Jay Kaeppel"",""caption-linebreaks"":""Explore Your Options by Jay Kaeppel
DIRECTIONAL CALENDAR SPREADS
I like the concept of calendar spreads. Unfortunately, the underlying stock goes wild every time I put on an at-the-money. And when I try to go directional with out-of-the-money options, I guess the wrong direction. Any suggestions?
I can’t offer any “holy grail” for timing when individual stocks or indexes will or will not move. But we can create some reasonable “rules of thumb” for trading directional calendar spreads ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-01-52-54-48-explore-your-options-by-jay-kaeppel-9.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-01-52-54-48-explore-your-options-by-jay-kaeppel-13.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-01-52-54-48-explore-your-options-by-jay-kaeppel-14.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov426sate,d,"{""minimum-quantity"":""1"",""path"":""ch1j2015"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:01 (6–7): The Savvy Technician by Stella Osoba, CMT"",""caption-linebreaks"":""The Savvy Technician by Stella Osoba, CMT
REVERSAL OR REACTION: WHICH IS IT?
Why is chart reading so difficult? Because try as we might, we simply can’t predict the future. We can anticipate it and react to it, but we cannot predict it ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-01-6-7-the-savvy-technician-by-stella-osoba-cmt-4.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-01-6-7-the-savvy-technician-by-stella-osoba-cmt-5.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-01-6-7-the-savvy-technician-by-stella-osoba-cmt-6.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov428arin,d,"{""minimum-quantity"":""1"",""path"":""ch1j2015"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:01 (8–13): Artificial Intelligence Applied To Technical Trading by Domenico D’Errico"",""caption-linebreaks"":""Artificial Intelligence Applied To Technical Trading by Domenico D’Errico
Artificial intelligence tools can be used to classify trading sessions into patterns. The Python programming environment can be used to carry it out. Here, we’ll lay out the concept.
\""Have you ever thought of a trading session as... a flower?”
The first time I proposed such a subject to my hedge fund managers, I saw them become confused. I’m sure some of them started mumbling and wondering if I had smoked or eaten some unusual flowers! Nonetheless, I was serious, and let me explain why ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-17416.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-01-8-13-artificial-intelligence-applied-to-technical-trading-by-domenico-d-errico-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-01-8-13-artificial-intelligence-applied-to-technical-trading-by-domenico-d-errico-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov42125fu,d,"{""minimum-quantity"":""1"",""path"":""ch2f2019"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:02 (15, 25): Futures For You by Carley Garner"",""caption-linebreaks"":""Futures For You by Carley Garner
COMMODITY SPECULATION
What are the two most important aspects of commodity speculation?
In my eyes, patience and position sizing are the most essential disciplines of trading. Traders who habitually jump the gun or trade too heavily might succeed in the short run, but their long-run prospects are dire ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-17148.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-02-15-25-futures-for-you-by-carley-garner-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-02-15-25-futures-for-you-by-carley-garner-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov42125sa,d,"{""minimum-quantity"":""1"",""path"":""ch2f2019"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:02 (16–17, 25): The Savvy Technician by Stella Osoba, CMT"",""caption-linebreaks"":""The Savvy Technician by Stella Osoba, CMT
SELF-TRUST IS SELF-EMPOWERMENT
One of the most important characteristics of a successful trader is self-trust. Self-trust by its very nature is self-empowerment. Once we have studied and begun to understand the workings of the markets ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-17145.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-02-16-17-25-the-savvy-technician-by-stella-osoba-cmt-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-02-16-17-25-the-savvy-technician-by-stella-osoba-cmt-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov42124ma,d,"{""minimum-quantity"":""1"",""path"":""ch2f2019"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:02 (18–19, 24): Market Rap by Emilio Tomasini"",""caption-linebreaks"":""Market Rap by Emilio Tomasini
AUTOMATION IN TRADING: A REAL LIFE SAVER (PART 2 OF 2)
Last month, I discussed two poles in trading: at one end, there is classic technical analysis and discretionary trading, and at the other end, there is the higher-tech approach of quantitative analysis and automated algorithmic trading ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-17178.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-02-18-19-24-market-rap-by-emilio-tomasini-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-02-18-19-24-market-rap-by-emilio-tomasini-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov422crtr,d,"{""minimum-quantity"":""1"",""path"":""ch2f2019"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:02 (20–24): Crossover Trading: Arbitraging The Physical With The Stock by Perry J. Kaufman"",""caption-linebreaks"":""Crossover Trading: Arbitraging The Physical With The Stock by Perry J. Kaufman
Arbitrage trading isn’t limited to stock pairs or interest rate markets. You can also pair equities with futures. How do you find good candidates for an arbitrage trade? Here are several methods you can use to evaluate a potential pairing.
Every trader should know how an arbitrage works. For equities we find two stocks in the same business, driven by the same fundamental factors. We check that they have a similar pattern on a chart. When their prices diverge, we buy one stock and sell the other ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-17175.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-02-20-24-crossover-trading-arbitraging-the-physical-with-the-stock-by-perry-j-kaufman-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-02-20-24-crossover-trading-arbitraging-the-physical-with-the-stock-by-perry-j-kaufman-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov42235tr,d,"{""minimum-quantity"":""1"",""path"":""ch2f2019"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:02 (26–29, 35): The Trend Compression Pattern by Andrea Unger"",""caption-linebreaks"":""The Trend Compression Pattern by Andrea Unger
The three-day compression (3DC) pattern can be used to filter trade entries for improved system results. Here, we explain this useful pattern and how to code it, and we show step-by-step how you can design, test, and optimize a trading system with trade filtering.
Is it possible to use a pattern to identify and ride the price wave? Let’s see how ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-17169.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-02-26-29-35-the-trend-compression-pattern-by-andrea-unger-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-02-26-29-35-the-trend-compression-pattern-by-andrea-unger-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov423moim,d,"{""minimum-quantity"":""1"",""path"":""ch2f2019"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:02 (30–35): The Most Important Stock Sector To Monitor For Bull And Bear Market Trends by Jon Wolfenbarger, CFA"",""caption-linebreaks"":""The Most Important Stock Sector To Monitor For Bull And Bear Market Trends by Jon Wolfenbarger, CFA
Want to know one simple gauge the pros use for determining the overall health of the stock market? Find out what to look for.
If you could look to just one sector to tell you about the overall trend of the stock market, what would it be? I can tell you what I use: the KBW Bank Index ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-17163.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-02-30-35-the-most-important-stock-sector-to-monitor-for-bull-and-bear-market-trends-by-jon-wolfenbarger-cfa-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-02-30-35-the-most-important-stock-sector-to-monitor-for-bull-and-bear-market-trends-by-jon-wolfenbarger-cfa-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov423mfda,d,"{""minimum-quantity"":""1"",""path"":""ch2f2019"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:02 (36–40): MFITrend: A Daytrading Strategy For Cryptocurrency by Azeez Mustapha"",""caption-linebreaks"":""MFITrend: A Daytrading Strategy For Cryptocurrency by Azeez Mustapha
You can keep your fear, uncertainty, and doubt in check by having a trading strategy in hand that you feel confident using. Here is one example strategy to consider for trading cryptocurriencies based on high readings in the money flow index.
Barely into the first quarter of 2023, the crypto industry recorded another major crash following the previous crash stemming from the collapse of FTX in November 2022. The FUD (fear, uncertainty, and doubt) in the market at that time emanated from the liquidity crunch ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-18985.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-02-36-40-mfitrend-a-daytrading-strategy-for-cryptocurrency-by-azeez-mustapha-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-02-36-40-mfitrend-a-daytrading-strategy-for-cryptocurrency-by-azeez-mustapha-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov424prre,d,"{""minimum-quantity"":""1"",""path"":""ch2f2019"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:02 (42–46): Product Review: FinancialWisdomTV.com by Leslie N. Masonson"",""caption-linebreaks"":""Product Review: FinancialWisdomTV.com by Leslie N. Masonson
WWW.FINANCIALWISDOMTV.COM
\nEmail: Admin@edgeinvestor.com
\nPhone: 020 8242 6019
\nTwitter address: @FWisdomTV
\nRequirements: Windows 10 or higher
\nProducts: Stock trading and in-vesting education portal; a Break-out Scanner tool for stocks; nearly 100 YouTube videos; and “The Strategy: A Proven Stock Trading Strategy” (downloadable PDF file)
\nMembership pricing plans: 3 months £84; annual £252; lifetime access £899. The strategy PDF is free with any membership or £59.99 as a standalone purchase.
About two years ago, I discovered Financial Wisdom TV on YouTube, and I’ve been hooked ever since ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-18982.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-02-42-46-product-review-financialwisdomtv-com-by-leslie-n-masonson-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-02-42-46-product-review-financialwisdomtv-com-by-leslie-n-masonson-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov424trti1,d,"{""minimum-quantity"":""1"",""path"":""ch2f2019"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:02 (48–56): Traders’ Tips by Technical Analysis, Inc."",""caption-linebreaks"":""Traders’ Tips by Technical Analysis, Inc.
For this month’s Traders’ Tips, the focus is Alfred François Tagher’s article in this issue, “Trend Identification By Price And Time Filtering.” Here, we present the February 2024 Traders’ Tips code with possible implementations in various software.
The code for the following Traders’ Tips selections is posted here:
• Traders.com > Home–S&C Magazine > Traders’ Tips
At Traders.com you can also right-click on any chart to open it in a new tab or window and view the chart at a much larger size.
The Traders’ Tips section is provided to help readers implement a selected technique from an article in this issue or another recent issue. The entries here are contributed by software developers or programmers for software that is capable of customization."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-02-48-56-traders-tips-by-technical-analysis-inc-9.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-02-48-56-traders-tips-by-technical-analysis-inc-13.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-02-48-56-traders-tips-by-technical-analysis-inc-14.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov426exyo,d,"{""minimum-quantity"":""1"",""path"":""ch2f2019"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:02 (60–62): Explore Your Options by Jay Kaeppel"",""caption-linebreaks"":""Explore Your Options by Jay Kaeppel
FOUR-LEGGED CALENDAR SPREADS
You wrote about directional calendar spreads last month. My question is, “Is there a way to create a larger profit zone” to give the trade more upside potential and a higher prob-ability of profit?
Last month, I discussed looking for 2-legged out-of-the-money calendar spreads using the following guidelines ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-18979.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-02-60-62-explore-your-options-by-jay-kaeppel-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-02-60-62-explore-your-options-by-jay-kaeppel-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov426alqa,d,"{""minimum-quantity"":""1"",""path"":""ch2f2019"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:02 (6–7): Algo Q&A by Kevin J. Davey"",""caption-linebreaks"":""Algo Q&A by Kevin J. Davey
ALWAYS IN THE MARKET
All my algos are always in the market, long or short. Any caveats for trading systems that are always in a position?
Let’s start with a sample trade. Consider the price movement of gold futures on December 4, 2023. It is shown in Figure 1 ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-17160.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-02-6-7-algo-q-a-by-kevin-j-davey-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-02-6-7-algo-q-a-by-kevin-j-davey-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov428trid,d,"{""minimum-quantity"":""1"",""path"":""ch2f2019"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:02 (8–14): Trend Identification By Price And Time Filtering by Alfred François Tagher"",""caption-linebreaks"":""Trend Identification By Price And Time Filtering by Alfred François Tagher
Minimize the impact of random price movements by using this concise, combined price-and-time filter to identify trends, along with some unique ways to display it all on a chart.
Profitable trading hinges on a trader’s skill in distinguishing between random market fluctuations and genuine trading signals. Traders employ diverse techniques to effectively filter data, such as using moving averages to sift through price data, using point & figure charts, and using more modern approaches like three-line break and renko charts, which seek to filter time dynamics ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-17154.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-02-8-14-trend-identification-by-price-and-time-filtering-by-alfred-fran-ois-tagher-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-02-8-14-trend-identification-by-price-and-time-filtering-by-alfred-fran-ois-tagher-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov42122fu,d,"{""minimum-quantity"":""1"",""path"":""ch3m2018"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:03 (17, 22): Futures For You by Carley Garner"",""caption-linebreaks"":""Futures For You by Carley Garner
A WILD RIDE
It has been a wild three years for commodities; will we get a fourth?
I believe the answer to this is “no.” Historically, market, political, and weather volatility are generally transitory (yes, I used that word) ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-19058.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-03-17-22-futures-for-you-by-carley-garner-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-03-17-22-futures-for-you-by-carley-garner-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov421decr,d,"{""minimum-quantity"":""1"",""path"":""ch3m2018"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:03 (18–22): The Delta-Delta Crude Strategy by Perry J. Kaufman"",""caption-linebreaks"":""The Delta-Delta Crude Strategy by Perry J. Kaufman
Here is an interesting trading strategy you can consider for crude oil that is based on term structure patterns.
Oil companies are professional traders. I worked with them for more than 20 years developing strategies. One strategy that is conceptually interesting and offers diversification from trend following is what we called ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-17193.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-03-18-22-the-delta-delta-crude-strategy-by-perry-j-kaufman-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-03-18-22-the-delta-delta-crude-strategy-by-perry-j-kaufman-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov422alqa1,d,"{""minimum-quantity"":""1"",""path"":""ch3m2018"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:03 (23): Algo Q&A by Kevin J. Davey"",""caption-linebreaks"":""Algo Q&A by Kevin J. Davey
TRADING BOTS
I just bought a trading bot. How do I go about tuning it?
Thanks for the question. Truthfully, answering it may upset quite a few trading bot vendors, but I’ll proceed anyway ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-17196.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-03-23-algo-q-a-by-kevin-j-davey-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-03-23-algo-q-a-by-kevin-j-davey-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov42231ex,d,"{""minimum-quantity"":""1"",""path"":""ch3m2018"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:03 (24–25, 31): Explore Your Options by Jay Kaeppel"",""caption-linebreaks"":""Explore Your Options by Jay Kaeppel
THE ZEBRA STRATEGY
I can’t afford to trade a lot of higher-priced stocks. Someone mentioned the zebra strategy as an alternative. Can you tell me what that is and if it is worth pursuing?
Certainly. The zebra strategy is a simple options strategy that allows a trader to emulate a long position in shares of a stock but at a fraction of the cost of buying the underlying shares ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-17199.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-03-24-25-31-explore-your-options-by-jay-kaeppel-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-03-24-25-31-explore-your-options-by-jay-kaeppel-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov422fist,d,"{""minimum-quantity"":""1"",""path"":""ch3m2018"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:03 (26–31): Fixed Stop-Loss And Percentage Stop-Loss In Comparison by Andrea Unger"",""caption-linebreaks"":""Fixed Stop-Loss And Percentage Stop-Loss In Comparison by Andrea Unger
Don’t underestimate the importance of using stops in your trading. But which is better to use—a fixed or variable stop-loss? Here’s a test to suggest which may work best.
One of the most important parameters of an automatic trading system, if not the most important, is undoubtedly the stop-loss. This is because it allows us to limit the maximum loss of a trade to a given value ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-17202.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-03-26-31-fixed-stop-loss-and-percentage-stop-loss-in-comparison-by-andrea-unger-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-03-26-31-fixed-stop-loss-and-percentage-stop-loss-in-comparison-by-andrea-unger-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov42316in,d,"{""minimum-quantity"":""1"",""path"":""ch3m2018"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:03 (32–37, 16): Interview: A Conversation With Ari Wald, CFA, CMT by Leslie N. Masonson"",""caption-linebreaks"":""Interview: A Conversation With Ari Wald, CFA, CMT by Leslie N. Masonson
Ari H. Wald is managing director and head of technical analysis with Oppenheimer & Co. Inc., providing market-, sector-, and stock-level research to the firm’s advisors and institutional clients. Previously, he served as equity research analyst at Brown Brothers Harriman. He also served as head of technical analysis at Wolfe Research. During his Wall Street career, his focus on portfolio strategy, economic cycles, market psychology, and quantifiable tools led him to merge aspects of fundamental analysis with an impartial technical approach. Leslie Masonson interviewed Ari Wald to discuss his extensive Wall Street career, his technical and fundamental analysis approaches, and the mentors who provided the basis for his success today ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-17233.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-03-32-37-16-interview-a-conversation-with-ari-wald-cfa-cmt-by-leslie-n-masonson-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-03-32-37-16-interview-a-conversation-with-ari-wald-cfa-cmt-by-leslie-n-masonson-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov423smva,d,"{""minimum-quantity"":""1"",""path"":""ch3m2018"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:03 (38–44): Small-Cap Value ETFs: A Smart Bet For 2024? by Leslie N. Masonson"",""caption-linebreaks"":""Small-Cap Value ETFs: A Smart Bet For 2024? by Leslie N. Masonson
Small-cap value stocks and ETFs may be the sleeper category that comes alive after underperforming their small-cap growth counterparts during the 2009 through early 2022 timeframe. Small-cap value performance overtook the S&P 500 index in December 2023 and the trend is expected to continue in 2024 and beyond. Discover which ETFs have the winning attributes to lead the category to higher returns.
Investors and traders are constantly striving to find the best stocks and ETFs to invest their money in for the highest returns based on their risk tolerance parameters. As we all know, various sectors and styles go in and out of favor ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-17236.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-03-38-44-small-cap-value-etfs-a-smart-bet-for-2024-by-leslie-n-masonson-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-03-38-44-small-cap-value-etfs-a-smart-bet-for-2024-by-leslie-n-masonson-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov424trti2,d,"{""minimum-quantity"":""1"",""path"":""ch3m2018"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:03 (46–50): Traders’ Tips by Technical Analysis, Inc."",""caption-linebreaks"":""Traders’ Tips by Technical Analysis, Inc.
For this month’s Traders’ Tips, the focus is Richard Poster’s article in this issue, “Taming The Effects Of Whipsaw..” Here, we present the March 2024 Traders’ Tips code with possible implementations in various software.
The code for the following Traders’ Tips selections is posted here:
• Traders.com > Home–S&C Magazine > Traders’ Tips
At Traders.com you can also right-click on any chart to open it in a new tab or window and view the chart at a much larger size.
The Traders’ Tips section is provided to help readers implement a selected technique from an article in this issue or another recent issue. The entries here are contributed by software developers or programmers for software that is capable of customization."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-17239.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-03-46-50-traders-tips-by-technical-analysis-inc-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-03-46-50-traders-tips-by-technical-analysis-inc-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov425mara,d,"{""minimum-quantity"":""1"",""path"":""ch3m2018"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:03 (54): Market Rap by Emilio Tomasini"",""caption-linebreaks"":""Market Rap by Emilio Tomasini
THE “CROWD” AND THE CONTRARIAN: WHO’S RIGHT MORE OFTEN?
In the financial markets, there’s always a pervasive storytelling narrative that’s repeated billions of times, passing from mouth to mouth, becoming more deeply ingrained in our minds ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-17242.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-03-54-market-rap-by-emilio-tomasini-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-03-54-market-rap-by-emilio-tomasini-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov42644sa,d,"{""minimum-quantity"":""1"",""path"":""ch3m2018"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:03 (6–7, 44): The Savvy Technician by Stella Osoba, CMT"",""caption-linebreaks"":""The Savvy Technician by Stella Osoba, CMT
OVERCOMING THE DUNNING-KRUGER EFFECT IN TRADING
“Ignorance more frequently begets confidence than does knowledge.” —Charles Darwin
Most cognitive biases are problematic because they occur as unconscious shortcuts to allow us to navigate our complex world. The bias known as the Dunning-Kruger effect is particularly problematic for many traders ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-19055.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-03-6-7-44-the-savvy-technician-by-stella-osoba-cmt-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-03-6-7-44-the-savvy-technician-by-stella-osoba-cmt-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov428taef,d,"{""minimum-quantity"":""1"",""path"":""ch3m2018"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:03 (8–16): Taming The Effects Of Whipsaw by Richard Poster, PhD"",""caption-linebreaks"":""Taming The Effects Of Whipsaw by Richard Poster, PhD
By filtering market whipsaw, the trading performance of a trend-following strategy could be greatly improved. Here’s how.
Trend-following strategies are most profitable when they identify trending movement as early as possible. But, because trends sometimes abruptly end and then reverse due to market whipsaw, these strategies become less profitable ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-03-8-16-taming-the-effects-of-whipsaw-by-richard-poster-phd-12.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-03-8-16-taming-the-effects-of-whipsaw-by-richard-poster-phd-17.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-03-8-16-taming-the-effects-of-whipsaw-by-richard-poster-phd-18.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""},""icon"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-03-8-16-taming-the-effects-of-whipsaw-by-richard-poster-phd-19.gif"",""height"":""774"",""width"":""585""},""icon-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-03-8-16-taming-the-effects-of-whipsaw-by-richard-poster-phd-20.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""icon-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-03-8-16-taming-the-effects-of-whipsaw-by-richard-poster-phd-21.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov42121se,d,"{""minimum-quantity"":""1"",""path"":""ch4a2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:04 (16–19, 21): The Sentiment Flow Index: Confusion Or A Conviction Indicator? by Steve J. Godwin and Louisa C. Schneider"",""caption-linebreaks"":""The Sentiment Flow Index: Confusion Or A Conviction Indicator? by Steve J. Godwin and Louisa C. Schneider
Introducing a new indicator to filter the signal from the noise.
For decades, market technicians have used option put-call (P/C) ratios as sentiment and contrarian indicators. This article will take another look at the put/call ratio as a contrarian signal and demonstrates a new indicator we have developed to filter the signal from the noise ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-18461.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-04-16-19-21-the-sentiment-flow-index-confusion-or-a-conviction-indicator-by-steve-j-godwin-and-louisa-c-schneider-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-04-16-19-21-the-sentiment-flow-index-confusion-or-a-conviction-indicator-by-steve-j-godwin-and-louisa-c-schneider-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov422mara,d,"{""minimum-quantity"":""1"",""path"":""ch4a2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:04 (20–21): Market Rap by Emilio Tomasini"",""caption-linebreaks"":""Market Rap by Emilio Tomasini
SYSTEM TRADERS AND DISCRETIONARY TRADERS,\nAND THE GULF IN BETWEEN
Recently, I was conversing with a trader who is an ardent adherent of the discretionary trading approach. He was speaking highly of an advisory service that issues Nasdaq stock buy recommendations ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-18458.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-04-20-21-market-rap-by-emilio-tomasini-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-04-20-21-market-rap-by-emilio-tomasini-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov422tean,d,"{""minimum-quantity"":""1"",""path"":""ch4a2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:04 (22–27): Testing And Validating A Trading Model by Jacinta Chan, PhD"",""caption-linebreaks"":""Testing And Validating A Trading Model by Jacinta Chan, PhD
Stress tests? Scenario tests? Out-of-sample backtests? Monitoring? Paper trading? How can you decide a trading system is worthy of using? Last time, we presented the N-CAMA model, and tests were favorable. Has it generated profits on live data? Here’s a look at backtesting and live-testing the N-CAMA trading model.
Trading models require sufficient testing to be validated prior to acceptance and adoption for use. The purpose of validating the model is to identify the risk that it could fail to perform well in live trading. Trading models can appear to work well in a backtest ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-18455.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-04-22-27-testing-and-validating-a-trading-model-by-jacinta-chan-phd-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-04-22-27-testing-and-validating-a-trading-model-by-jacinta-chan-phd-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov422deri,d,"{""minimum-quantity"":""1"",""path"":""ch4a2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:04 (28–31): Determining Risk Before It Happens by Perry J. Kaufman"",""caption-linebreaks"":""Determining Risk Before It Happens by Perry J. Kaufman
Assessing the risk of being in the markets is a topic that always looms large with investors. What are some ways to calculate and assess it, and what place should each method have in your work? Here’s a look at the most important and commonly used measures of risk, and considerations for how you might use each.
Risk is a trader’s dilemma. Not the risk we see when we look at a chart, or the risk of loss when we review our system or trading performance—but the risk we cannot see. The risk that has not yet happened ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-18476.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-04-28-31-determining-risk-before-it-happens-by-perry-j-kaufman-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-04-28-31-determining-risk-before-it-happens-by-perry-j-kaufman-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov42331in,d,"{""minimum-quantity"":""1"",""path"":""ch4a2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:04 (32–35, 31): Interview: A Conversation With Andrea Unger by S&C Staff"",""caption-linebreaks"":""Interview: A Conversation With Andrea Unger by S&C Staff
Andrea Unger is a full-time professional trader, president of Unger Academy, and author of The Unger Method (2021). He is a four-time World Trading Champion (2008, 2009, 2010, and 2012), an honorary member of SIAT (Italian Society of Technical Analysis, a branch of IFTA), and he speaks throughout Europe, America, Australia, and Asia ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-18473.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-04-32-35-31-interview-a-conversation-with-andrea-unger-by-s-c-staff-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-04-32-35-31-interview-a-conversation-with-andrea-unger-by-s-c-staff-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov42315ov,d,"{""minimum-quantity"":""1"",""path"":""ch4a2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:04 (36–38, 15): Overnight Trading In QQQ by Peter (Haoting) Ding"",""caption-linebreaks"":""Overnight Trading In QQQ by Peter (Haoting) Ding
They say the early bird gets the worm, but in the case of some trading opportunities, does the night owl reap the rewards? Here’s a study to test the hypothetical profitability of trading one market’s overnight session.
Overnight trading is an approach that involves buying right before the market closes with the intention of selling at the market open the next day. Overnight trading has patterns and characteristics that differ from daytime ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-18470.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-04-36-38-15-overnight-trading-in-qqq-by-peter-haoting-ding-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-04-36-38-15-overnight-trading-in-qqq-by-peter-haoting-ding-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov42444fu,d,"{""minimum-quantity"":""1"",""path"":""ch4a2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:04 (40, 44): Futures For You by Carley Garner"",""caption-linebreaks"":""Futures For You by Carley Garner
SPECULATORS
Some commodity producers blame speculators for their problems. Is this a valid perspective?
All perspectives, when based on experience, are valid. However, humans often perceive the world through tainted glasses ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-18467.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-04-40-44-futures-for-you-by-carley-garner-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-04-40-44-futures-for-you-by-carley-garner-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov42444al,d,"{""minimum-quantity"":""1"",""path"":""ch4a2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:04 (41, 44): Algo Q&A by Kevin J. Davey"",""caption-linebreaks"":""Algo Q&A by Kevin J. Davey
DON’T IGNORE EXTREMES
While browsing YouTube, I heard a lot about optimizing years of market data and I don’t understand why it takes years if the dot-com bubble or Covid won’t happen again. No extreme event happens twice. What’s the point of optimizing a strategy for something that happened 10 years ago and won’t happen again?
Yes, you are definitely right—many events happen once, only to never happen again (at least let’s hope not with things like Covid). And every event is different anyhow ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-20211.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-04-41-44-algo-q-a-by-kevin-j-davey-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-04-41-44-algo-q-a-by-kevin-j-davey-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov424sate,d,"{""minimum-quantity"":""1"",""path"":""ch4a2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:04 (42–44): The Savvy Technician by Stella Osoba, CMT"",""caption-linebreaks"":""The Savvy Technician by Stella Osoba, CMT
THE PUT/CALL RATIO FOR MARKET BREADTH AND SENTIMENT
In my recent article in this magazine, I discussed using the bullish percent index as a way to look under the hood of the market and determine bearish or bullish sentiment. Because that indicator uses point & figure charts to derive signals, some people may find it less accessible ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-20208.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-04-42-44-the-savvy-technician-by-stella-osoba-cmt-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-04-42-44-the-savvy-technician-by-stella-osoba-cmt-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov424trti3,d,"{""minimum-quantity"":""1"",""path"":""ch4a2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:04 (46–52): Traders’ Tips by Technical Analysis, Inc."",""caption-linebreaks"":""Traders’ Tips by Technical Analysis, Inc.
For this month’s Traders’ Tips, the focus is John Ehlers’ article in this issue, “The Ultimate Smoother.” Here, we present the April 2024 Traders’ Tips code with possible implementations in various software.
The code for the following Traders’ Tips selections is posted here:
• Traders.com > Home–S&C Magazine > Traders’ Tips
At Traders.com you can also right-click on any chart to open it in a new tab or window and view the chart at a much larger size.
The Traders’ Tips section is provided to help readers implement a selected technique from an article in this issue or another recent issue. The entries here are contributed by software developers or programmers for software that is capable of customization."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-20205.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-04-46-52-traders-tips-by-technical-analysis-inc-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-04-46-52-traders-tips-by-technical-analysis-inc-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov42652ex,d,"{""minimum-quantity"":""1"",""path"":""ch4a2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:04 (6–7, 52): Explore Your Options by Jay Kaeppel"",""caption-linebreaks"":""Explore Your Options by Jay Kaeppel
COVERED CALL WRITING
I want to generate income by selling covered calls on my stocks. But I am not sure how best to go about it. Are there any useful guidelines?
The first thing to know is that there is no “one best approach.” In fact, there are many possible approaches, such as ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-20214.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-04-6-7-52-explore-your-options-by-jay-kaeppel-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-04-6-7-52-explore-your-options-by-jay-kaeppel-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov428ulsm,d,"{""minimum-quantity"":""1"",""path"":""ch4a2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:04 (8–15): The Ultimate Smoother by John F. Ehlers"",""caption-linebreaks"":""The Ultimate Smoother by John F. Ehlers
First, we introduced you to a super smoother. Here, we introduce an ultimate smoother. It’s an advancement you won’t want to miss.
A smoother is a low-pass filter that passes the low-frequency components of the input data spectrum essentially unchanged and rejects or attenuates the high-frequency components ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-18464.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-04-8-15-the-ultimate-smoother-by-john-f-ehlers-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-04-8-15-the-ultimate-smoother-by-john-f-ehlers-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov421howp,d,"{""minimum-quantity"":""1"",""path"":""ch5m2019"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:05 (12–14): How Professionals Assign Risk by Perry J. Kaufman"",""caption-linebreaks"":""How Professionals Assign Risk by Perry J. Kaufman
Risk versus return is the name of the game in trading. How does a fund manager set risk limits for a portfolio or fund that it manages? Here are some insights that could help you better manage your own portfolio.
Years ago (1992), when rates were higher, there were “guaranteed funds.” If your account did not gain anything, you could withdraw your full investment after “maturity.” The biggest promoter of these funds was ED&F Man ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-20142.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-05-12-14-how-professionals-assign-risk-by-perry-j-kaufman-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-05-12-14-how-professionals-assign-risk-by-perry-j-kaufman-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov42151po,d,"{""minimum-quantity"":""1"",""path"":""ch5m2019"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:05 (16–19, 51): The Power Of Volatility Contraction Patterns In Breakout Trading Strategies by Andrea Unger"",""caption-linebreaks"":""The Power Of Volatility Contraction Patterns In Breakout Trading Strategies by Andrea Unger
You can filter trades to improve signal quality. Here, we focus on situations where volatility has decreased in the market to be traded. Here’s how to code, test, and implement this concept.
At Unger Academy, we use price patterns in our trading systems primarily as filters within the core strategy rather than as direct signals to open and close trades. Instead of managing trades based on market price patterns ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-20160.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-05-16-19-51-the-power-of-volatility-contraction-patterns-in-breakout-trading-strategies-by-andrea-unger-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-05-16-19-51-the-power-of-volatility-contraction-patterns-in-breakout-trading-strategies-by-andrea-unger-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov42241ma,d,"{""minimum-quantity"":""1"",""path"":""ch5m2019"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:05 (20, 41): Market Rap by Emilio Tomasini"",""caption-linebreaks"":""Market Rap by Emilio Tomasini
INTRADAY FUTURES PRICES
The quality of intraday price data is an obscure topic. But is it a reason why some trades fail in systematic trading?
In the universe of trading, the allure of easy money is what most captivates the public ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-20154.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-05-20-41-market-rap-by-emilio-tomasini-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-05-20-41-market-rap-by-emilio-tomasini-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov422inco,d,"{""minimum-quantity"":""1"",""path"":""ch5m2019"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:05 (22–30): Interview: A Conversation With Prashant Shah by Leslie N. Masonson"",""caption-linebreaks"":""Interview: A Conversation With Prashant Shah by Leslie N. Masonson
Prashant Shah is co-founder and CEO of Definedge Solutions, which develops financial products and research. Shah has over 25 years of stock market experience that includes trading as well as developing software, technical indicators, algorithms, and trading rules. He has helped to bring the arcane subject of technical analysis to many individuals and institutions through his educational efforts, especially in his home country of India ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-18371.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-05-22-30-interview-a-conversation-with-prashant-shah-by-leslie-n-masonson-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-05-22-30-interview-a-conversation-with-prashant-shah-by-leslie-n-masonson-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov423spbi,d,"{""minimum-quantity"":""1"",""path"":""ch5m2019"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:05 (32–38): Spot Bitcoin ETFs Have Finally Arrived: Wait Or Jump In Now? by Leslie N. Masonson, MBA"",""caption-linebreaks"":""Spot Bitcoin ETFs Have Finally Arrived: Wait Or Jump In Now? by Leslie N. Masonson, MBA
Investors and traders have been waiting for a decade for spot bitcoin ETFs to arrive. Finally, on January 11, 2024, eleven of these ETFs came to market. Both trading volume and AUM growth ran at a torrid pace over their first eight weeks in existence. Find out which of these ETFs might offer the best bang for the buck.
Before digging deeper into the recently arrived category of spot bitcoin ETFs, let’s first take a step back and define a few key terms that will be used in this article ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-18368.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-05-32-38-spot-bitcoin-etfs-have-finally-arrived-wait-or-jump-in-now-by-leslie-n-masonson-mba-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-05-32-38-spot-bitcoin-etfs-have-finally-arrived-wait-or-jump-in-now-by-leslie-n-masonson-mba-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov423alqa,d,"{""minimum-quantity"":""1"",""path"":""ch5m2019"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:05 (39): Algo Q&A by Kevin J. Davey"",""caption-linebreaks"":""Algo Q&A by Kevin J. Davey
BIGGEST MISTAKE?
I am somewhat new to algo trading, and I’d really like to avoid mistakes most new traders make. Can you point out one big mistake and how to avoid it?
Thanks for the question, it tells me you are going into the algo trading world with eyes wide open. That is really important, as algo trading is tough—just like any type of trading is ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-18377.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-05-39-algo-q-a-by-kevin-j-davey-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-05-39-algo-q-a-by-kevin-j-davey-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov424fufo,d,"{""minimum-quantity"":""1"",""path"":""ch5m2019"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:05 (40–41): Futures For You by Carley Garner"",""caption-linebreaks"":""Futures For You by Carley Garner
ARE BITCOIN ETFS A BETTER WAY TO PLAY CRYPTOCURRENCY THAN THE OUTRIGHT FUTURES OR SPOT MARKETS? (PART 1 OF 2)
I believe bitcoin ETFs are not the best way to speculate on cryptocur-rency should you be inclined to do so. Further, I have reason to believe bitcoin ETFs could be the downfall of the asset class, or at least a hiccup so significant that market participants will be permanently scarred and immune from being sucked into euphoria in the future ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-18374.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-05-40-41-futures-for-you-by-carley-garner-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-05-40-41-futures-for-you-by-carley-garner-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov424trti4,d,"{""minimum-quantity"":""1"",""path"":""ch5m2019"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:05 (42–48): Traders’ Tips by Technical Analysis, Inc."",""caption-linebreaks"":""Traders’ Tips by Technical Analysis, Inc.
For this month’s Traders’ Tips, the focus is John Ehlers’ article in this issue, “Ultimate Channels And Ultimate Bands.” Here, we present the May 2024 Traders’ Tips code with possible implementations in various software.
The code for the following Traders’ Tips selections is posted here:
• Traders.com > Home–S&C Magazine > Traders’ Tips
At Traders.com you can also right-click on any chart to open it in a new tab or window and view the chart at a much larger size.
The Traders’ Tips section is provided to help readers implement a selected technique from an article in this issue or another recent issue. The entries here are contributed by software developers or programmers for software that is capable of customization."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-18837.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-05-42-48-traders-tips-by-technical-analysis-inc-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-05-42-48-traders-tips-by-technical-analysis-inc-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov425sate,d,"{""minimum-quantity"":""1"",""path"":""ch5m2019"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:05 (50–51): The Savvy Technician by Stella Osoba, CMT"",""caption-linebreaks"":""The Savvy Technician by Stella Osoba, CMT
HOW FEARFUL ARE YOU?
We often fear that which we cannot control. Fear is a powerful universal emotion that starts in the brain and spreads to capture the emotions, causing reactions that range from mild unpleasant symptoms to horrific, overwhelming paralysis. Fear is such a powerful emotion that it is often used by those seeking to dominate others to control behavior ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-18380.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-05-50-51-the-savvy-technician-by-stella-osoba-cmt-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-05-50-51-the-savvy-technician-by-stella-osoba-cmt-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov42649ex,d,"{""minimum-quantity"":""1"",""path"":""ch5m2019"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:05 (6–7, 49): Explore Your Options by Jay Kaeppel"",""caption-linebreaks"":""Explore Your Options by Jay Kaeppel
COLLARS
I would like to hedge a stock that I own around earnings. I have considered buying a put option, but often—due to high implied volatility around earnings—they are quite expensive. Is there a desirable alternative?
A useful strategy for temporarily hedging any stock position is referred to as a “collar.” A collar involves selling a call option and using the proceeds to pay for all or part of buying a protective put position ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-20106.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-05-6-7-49-explore-your-options-by-jay-kaeppel-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-05-6-7-49-explore-your-options-by-jay-kaeppel-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov428ulch,d,"{""minimum-quantity"":""1"",""path"":""ch5m2019"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:05 (8–11): Ultimate Channels And Ultimate Bands by John F. Ehlers"",""caption-linebreaks"":""Ultimate Channels And Ultimate Bands by John F. Ehlers
Last time, we introduced an advancement in quantitative analysis for smoothing data with less lag: a new filter called the Ultimate Smoother. Here, we show you how you can put it to use in your indicators.
A key element in the construction of Keltner channels and Bollinger Bands is the use of moving averages to determine the nominal center of their ranges ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-20148.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-05-8-11-ultimate-channels-and-ultimate-bands-by-john-f-ehlers-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-05-8-11-ultimate-channels-and-ultimate-bands-by-john-f-ehlers-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov421ispr,d,"{""minimum-quantity"":""1"",""path"":""ch6j2021"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:06 (10–19): Is The Price REIT? by Markos Katsanos"",""caption-linebreaks"":""Is The Price REIT? by Markos Katsanos
Equity REITs were crushed during the last two years. Is it too soon to start buying? Are REITs going to recover soon or should you wait for the elusive interest rate cuts? To remove the guesswork, here is a strategy to trade REIT stocks based on their correlation with interest rates.
Investing in real estate can provide viable diversification to your portfolio. Real estate investment trust (REIT) stocks make it simpler and a REIT ETF even more diversified ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-15528.gif"",""height"":""370"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-06-10-19-is-the-price-reit-by-markos-katsanos-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-06-10-19-is-the-price-reit-by-markos-katsanos-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov422trop,d,"{""minimum-quantity"":""1"",""path"":""ch6j2021"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:06 (20–25): Trading Opening Gaps And Extreme Closes In Stocks by Perry J. Kaufman"",""caption-linebreaks"":""Trading Opening Gaps And Extreme Closes In Stocks by Perry J. Kaufman
When large opening moves and large closing moves occur, what is the stock likely to do next?
During earnings season, when I look at my positions ahead of the stock market open, it happens that one stock has jumped 5% or 10% in my favor. Yes, sometimes the jump is the wrong way, but not as often ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-15534.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-06-20-25-trading-opening-gaps-and-extreme-closes-in-stocks-by-perry-j-kaufman-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-06-20-25-trading-opening-gaps-and-extreme-closes-in-stocks-by-perry-j-kaufman-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov42243wr,d,"{""minimum-quantity"":""1"",""path"":""ch6j2021"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:06 (26–29, 43): Writing Covered Calls Part 1: Examining Your Choices by John Devcic"",""caption-linebreaks"":""Writing Covered Calls Part 1: Examining Your Choices by John Devcic
In the last series, we provided an introduction to trading options and what this type of instrument is all about. Here, we dive into strategies for option trading by explaining a straightforward, lower-risk type of option trade you can make: the covered call.
In my recent three-part article in this magazine, I wrote about the basics of trading options and offered an overview of how to trade them, along with some examples. This time, as a follow-up, I wanted to take an in-depth look at an approach to trading options ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-15540.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-06-26-29-43-writing-covered-calls-part-1-examining-your-choices-by-john-devcic-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-06-26-29-43-writing-covered-calls-part-1-examining-your-choices-by-john-devcic-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov423detr,d,"{""minimum-quantity"":""1"",""path"":""ch6j2021"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:06 (30–34): Developing A Trend-Following Strategy For Futures Based On Price Channels by Andrea Unger"",""caption-linebreaks"":""Developing A Trend-Following Strategy For Futures Based On Price Channels by Andrea Unger
Which futures markets work well with using price channels to identify entries and exits? Here’s a test to find out using an example trend-following strategy.
The price channel is a well-known technical analysis technique also known as the Donchian channel. This indicator is characterized by two parallel bands, an upper and a lower one, that are plotted on a chart to encompass prices as if they were inside a channel ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-15546.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-06-30-34-developing-a-trend-following-strategy-for-futures-based-on-price-channels-by-andrea-unger-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-06-30-34-developing-a-trend-following-strategy-for-futures-based-on-price-channels-by-andrea-unger-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov42339al,d,"{""minimum-quantity"":""1"",""path"":""ch6j2021"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:06 (35, 39): Algo Q&A by Kevin J. Davey"",""caption-linebreaks"":""Algo Q&A by Kevin J. Davey
THE LONG AND SHORT OF IT
How do I go about trading long and short at the same time, in the same futures market? I might be long in ES but want to scalp it short without closing my long. What are my options for enabling this capability?
In the U.S., being long and short at the same time is prohibited. Why? My guess is that it is because being long and short at the same time is the same as being flat ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-15552.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-06-35-39-algo-q-a-by-kevin-j-davey-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-06-35-39-algo-q-a-by-kevin-j-davey-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov423prre,d,"{""minimum-quantity"":""1"",""path"":""ch6j2021"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:06 (36–39): Product Review: Jeff Tompkins’ TradeTrend by Barbara Star, PhD"",""caption-linebreaks"":""Product Review: Jeff Tompkins’ TradeTrend by Barbara Star, PhD
METASTOCK
\n4548 Atherton Drive, Suite 200 Salt Lake City, UT 84123
Phone: 800 882-3040
\nContact: MetaStock.com/saleschat or Metastock.com/tradetrend
\nRequirements: MetaStock version 16 or higher, Windows 10 or higher
\nProduct: MetaStock add-on real-time momentum-based trading system and trade scanner for stocks, futures, and forex markets in all timeframes
\nPrice: $90 per month subscription
What trader hasn’t wished for a crystal ball to eliminate the decision-making involved in trading ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-15558.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-06-36-39-product-review-jeff-tompkins-tradetrend-by-barbara-star-phd-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-06-36-39-product-review-jeff-tompkins-tradetrend-by-barbara-star-phd-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov424stfo,d,"{""minimum-quantity"":""1"",""path"":""ch6j2021"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:06 (40–43): A Strategy For Crypto Trading Based On Machine Learning by Azeez Mustapha"",""caption-linebreaks"":""A Strategy For Crypto Trading Based On Machine Learning by Azeez Mustapha
Here’s a trading strategy that relies on the Hull butterfly oscillator and an AI algorithmic indicator to forecast price movements and together generate buy and sell signals for cryptocurrency trading.
In the dynamic realm of financial markets, staying ahead of the curve is paramount. The emergence of machine learning has revolutionized trading, offering unprecedented opportunities to uncover insights and predict market movements ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-15564.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-06-40-43-a-strategy-for-crypto-trading-based-on-machine-learning-by-azeez-mustapha-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-06-40-43-a-strategy-for-crypto-trading-based-on-machine-learning-by-azeez-mustapha-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov42419tr,d,"{""minimum-quantity"":""1"",""path"":""ch6j2021"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:06 (44–48, 19): Traders’ Tips by Technical Analysis, Inc."",""caption-linebreaks"":""Traders’ Tips by Technical Analysis, Inc.
For this month’s Traders’ Tips, the focus is Markos Katsanos’ article in this issue, “Is The Price REIT?” Here, we present the June 2024 Traders’ Tips code with possible implementations in various software.
The code for the following Traders’ Tips selections is posted here:
• Traders.com > Home–S&C Magazine > Traders’ Tips
At Traders.com you can also right-click on any chart to open it in a new tab or window and view the chart at a much larger size.
The Traders’ Tips section is provided to help readers implement a selected technique from an article in this issue or another recent issue. The entries here are contributed by software developers or programmers for software that is capable of customization."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-15570.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-06-44-48-19-traders-tips-by-technical-analysis-inc-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-06-44-48-19-traders-tips-by-technical-analysis-inc-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov42451fu,d,"{""minimum-quantity"":""1"",""path"":""ch6j2021"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:06 (49, 51): Futures For You by Carley Garner"",""caption-linebreaks"":""Futures For You by Carley Garner
ARE BITCOIN ETFS A BETTER WAY TO PLAY CRYPTOCURRENCY THAN THE OUTRIGHT FUTURES OR SPOT MARKETS? (PART 2 OF 2)
Last month, we discussed the advent of bitcoin ETFs and how other futures-based ETFs have impacted price discovery. In the second installment, we will continue the discussion by pointing out why bitcoin ETFs are attracting so much investment capital and why these reasons might, or might not, be sustainable in the long run ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-15576.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-06-49-51-futures-for-you-by-carley-garner-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-06-49-51-futures-for-you-by-carley-garner-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov425sate1,d,"{""minimum-quantity"":""1"",""path"":""ch6j2021"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:06 (50–51): The Savvy Technician by Stella Osoba, CMT"",""caption-linebreaks"":""The Savvy Technician by Stella Osoba, CMT
DON’T IGNORE NEGATIVE DIVERGENCES
Amidst all the euphoria of rising markets, sometimes it’s wise to catch your breath and try to understand what some of the more obvious technical signals might be telling us. One such signal is negative divergence ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-15582.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-06-50-51-the-savvy-technician-by-stella-osoba-cmt-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-06-50-51-the-savvy-technician-by-stella-osoba-cmt-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov425mara1,d,"{""minimum-quantity"":""1"",""path"":""ch6j2021"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:06 (52): Market Rap by Emilio Tomasini"",""caption-linebreaks"":""Market Rap by Emilio Tomasini
THE RSI ISN’T A PANACEA
Who among us hasn’t been enchanted by one indicator or another at some point? Typically, early in our trading careers, we explore all the technical analysis tools we can to try to find what works for us ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-06-52-market-rap-by-emilio-tomasini-4.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-06-52-market-rap-by-emilio-tomasini-7.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-06-52-market-rap-by-emilio-tomasini-8.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov426exyo1,d,"{""minimum-quantity"":""1"",""path"":""ch6j2021"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:06 (6–9): Explore Your Options by Jay Kaeppel"",""caption-linebreaks"":""Explore Your Options by Jay Kaeppel
BULL PUT SPREADS
I would like to sell premium on stocks I think are likely to rise or remain relatively unchanged. Are there any rules of thumb I should follow or pitfalls I should avoid?
A bull put spread is a strategy commonly used by traders who are not entirely sure that a stock will rally but are reasonably confident that the stock will not decline more than a given amount within a particular time period ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-15522.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-06-6-9-explore-your-options-by-jay-kaeppel-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-06-6-9-explore-your-options-by-jay-kaeppel-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov421howt,d,"{""minimum-quantity"":""1"",""path"":""ch7j2021"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:07 (16–25): How To Enhance A Trading Strategy On Gold Futures By Using An AI-Based Volatility Predictor by Domenico D’Errico and Giovanni Trombetta"",""caption-linebreaks"":""How To Enhance A Trading Strategy On Gold Futures By Using An AI-Based Volatility Predictor by Domenico D’Errico and Giovanni Trombetta
Here’s how you can apply the benefits of machine learning to a traditional trading system with the help of some Python libraries.
In this article, our aim is to explore the symbiotic relationship between machine learning techniques and traditional trading systems, while also discussing the integration of Python programming with TradeStation ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-16551.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-07-16-25-how-to-enhance-a-trading-strategy-on-gold-futures-by-using-an-ai-based-volatility-predictor-by-domenico-d-errico-and-giovanni-trombetta-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-07-16-25-how-to-enhance-a-trading-strategy-on-gold-futures-by-using-an-ai-based-volatility-predictor-by-domenico-d-errico-and-giovanni-trombetta-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov422trvo,d,"{""minimum-quantity"":""1"",""path"":""ch7j2021"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:07 (26–31): Trading Volatility Derivatives by James Leahy"",""caption-linebreaks"":""Trading Volatility Derivatives by James Leahy
Volatility is eminently tradable, though not directly as an instrument itself. However, the trader can access instruments that are derived from volatility. Here is a look at some of the choices for the adventurous trader.
The Cboe Volatility Index (VIX) is a popular and widely followed measure of future market volatility, but VIX is an index and can’t be directly traded. To trade volatility, you have to use one of many derivatives. However, trading these derivatives successfully is not as simple ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-16557.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-07-26-31-trading-volatility-derivatives-by-james-leahy-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-07-26-31-trading-volatility-derivatives-by-james-leahy-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov42337wh,d,"{""minimum-quantity"":""1"",""path"":""ch7j2021"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:07 (32–33, 37): What Is The Real Meaning Of The EMA Alpha? by John F. Ehlers"",""caption-linebreaks"":""What Is The Real Meaning Of The EMA Alpha? by John F. Ehlers
In an exponential moving average, the smoothing factor, also known as a weighted multiplier or alpha, is the parameter that determines how values in the lookback period are weighted. Weights decline exponentially as the data points get older. How is alpha found, and why is this significant? Here are some analytical and practical insights.
An exponential moving average (EMA) is a first-order smoothing filter. That is, it only uses one previous result in computing the current value ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-16563.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-07-32-33-37-what-is-the-real-meaning-of-the-ema-alpha-by-john-f-ehlers-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-07-32-33-37-what-is-the-real-meaning-of-the-ema-alpha-by-john-f-ehlers-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov42337ma,d,"{""minimum-quantity"":""1"",""path"":""ch7j2021"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:07 (34, 37): Market Rap by Emilio Tomasini"",""caption-linebreaks"":""Market Rap by Emilio Tomasini
IS YOUR TRADING A BUSINESS THAT YOU CAN PASS ALONG?
How many of us would rather bequeath a trading station to our children than a thriving business? This is a question that requires a deep dive into whether trading, particularly retail trading, is genuinely an asset ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-16569.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-07-34-37-market-rap-by-emilio-tomasini-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-07-34-37-market-rap-by-emilio-tomasini-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov42339al1,d,"{""minimum-quantity"":""1"",""path"":""ch7j2021"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:07 (35, 39): Algo Q&A by Kevin J. Davey"",""caption-linebreaks"":""Algo Q&A by Kevin J. Davey
SMOOTH ROLLOVERS
I am trading an automated long position. The issue I am having is I may still be holding long when the contract is expiring. I have been selling the contracts I have and closing out the position at expiration. But this is messing up my strategy, as I am potentially holding the position for longer timeframes. Is there a workaround? How can I flip to the new-month contract and keep the strategy active?
These are questions many futures traders have regarding rollovers. The crucial point to remember is that the strategy itself does not know you performed a rollover ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-16575.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-07-35-39-algo-q-a-by-kevin-j-davey-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-07-35-39-algo-q-a-by-kevin-j-davey-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov423fufo,d,"{""minimum-quantity"":""1"",""path"":""ch7j2021"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:07 (36–37): Futures For You by Carley Garner"",""caption-linebreaks"":""Futures For You by Carley Garner
COMPLACENCY KILLS
I’ve heard you mention that “complacency kills”; what exactly do you mean by that?
Like market prices, market sentiment goes through cycles of peaks and valleys. Market participants are often spooked into panicked liquidation when the mood is fearful but are lulled into complacency when greed takes over ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-16581.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-07-36-37-futures-for-you-by-carley-garner-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-07-36-37-futures-for-you-by-carley-garner-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov423sate,d,"{""minimum-quantity"":""1"",""path"":""ch7j2021"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:07 (38–39): The Savvy Technician by Stella Osoba, CMT"",""caption-linebreaks"":""The Savvy Technician by Stella Osoba, CMT
HOW MANY EGGS CAN ONE BASKET HOLD?
“The way to become rich is to put all your eggs in one basket and then watch the basket.” This quote has been ascribed to Andrew Carnegie, who knew a thing or two about wealth. It was also made popular by Mark Twain who later adopted it ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-16587.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-07-38-39-the-savvy-technician-by-stella-osoba-cmt-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-07-38-39-the-savvy-technician-by-stella-osoba-cmt-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov424trti5,d,"{""minimum-quantity"":""1"",""path"":""ch7j2021"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:07 (40–51): Traders’ Tips by Technical Analysis, Inc."",""caption-linebreaks"":""Traders’ Tips by Technical Analysis, Inc.
For this month’s Traders’ Tips, the focus is Perry Kaufman’s article in the June 2024 issue, “Trading Opening Gaps And Extreme Closes In Stocks.” Here, we present the July 2024 Traders’ Tips code with possible implementations in various software.
The code for the following Traders’ Tips selections is posted here:
• Traders.com > Home–S&C Magazine > Traders’ Tips
At Traders.com you can also right-click on any chart to open it in a new tab or window and view the chart at a much larger size.
The Traders’ Tips section is provided to help readers implement a selected technique from an article in this issue or another recent issue. The entries here are contributed by software developers or programmers for software that is capable of customization."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-16593.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-07-40-51-traders-tips-by-technical-analysis-inc-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-07-40-51-traders-tips-by-technical-analysis-inc-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov426exyo2,d,"{""minimum-quantity"":""1"",""path"":""ch7j2021"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:07 (6–7): Explore Your Options by Jay Kaeppel"",""caption-linebreaks"":""Explore Your Options by Jay Kaeppel
IRON CONDORS FOR INCOME
I’ve read that selling iron condors is a good strategy for generating income. Is this accurate?
Like most things related to options trading, the most accurate answer is probably “it depends” ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-16539.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-07-6-7-explore-your-options-by-jay-kaeppel-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-07-6-7-explore-your-options-by-jay-kaeppel-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov42851ta,d,"{""minimum-quantity"":""1"",""path"":""ch7j2021"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:07 (8–14, 51): Taming The Effects Of Whipsaw Part 2 by Richard Poster, PhD"",""caption-linebreaks"":""Taming The Effects Of Whipsaw Part 2 by Richard Poster, PhD
Last time in part 1, we presented a filter to help protect your trend-following strategy against whipsaws. This time, we show how to include the effects of volatility to further improve filtering effectiveness and trading performance.
In my article in the March 2024 issue of this magazine, I explored the behavior of whipsaw data and showed how a whipsaw filter can be developed that reduces false entry signals ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-16545.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-07-8-14-51-taming-the-effects-of-whipsaw-part-2-by-richard-poster-phd-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-07-8-14-51-taming-the-effects-of-whipsaw-part-2-by-richard-poster-phd-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov42139fu,d,"{""minimum-quantity"":""1"",""path"":""ch8a2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:08 (15, 39): Futures For You by Carley Garner"",""caption-linebreaks"":""Futures For You by Carley Garner
COPPER CORRELATION
What is the correlation, if any, between the stock market and copper prices?
In the good ol’ days, copper was known as Dr. Copper because it was believed to be an economic bellwether ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-16614.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-08-15-39-futures-for-you-by-carley-garner-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-08-15-39-futures-for-you-by-carley-garner-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov421thve,d,"{""minimum-quantity"":""1"",""path"":""ch8a2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:08 (16–21): Theory Versus Reality by Perry J. Kaufman"",""caption-linebreaks"":""Theory Versus Reality by Perry J. Kaufman
Are your expectations in line with reality? Here’s a look at some traditional market beliefs and whether such scenarios tend to play out as expected.
If you are as cynical as I am, you won’t be surprised that some “market lore” turns out not to be very reliable. Beginning traders may accept these common beliefs, but as you gain experience, the cracks become more obvious ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-16620.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-08-16-21-theory-versus-reality-by-perry-j-kaufman-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-08-16-21-theory-versus-reality-by-perry-j-kaufman-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov422inon,d,"{""minimum-quantity"":""1"",""path"":""ch8a2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:08 (22–27): Indicators On The Test Bench: Which Price Channel Method Is Most Effective For Trading? by Andrea Unger"",""caption-linebreaks"":""Indicators On The Test Bench: Which Price Channel Method Is Most Effective For Trading? by Andrea Unger
Let’s put some popular and useful tools to the test head-to-head to see what may work best for different futures markets.
In this article, we’ll be putting to the test three of the most celebrated tools in technical analysis with a particular focus on price channels. Channels create two oscillating bands around the price ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-16626.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-08-22-27-indicators-on-the-test-bench-which-price-channel-method-is-most-effective-for-trading-by-andrea-unger-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-08-22-27-indicators-on-the-test-bench-which-price-channel-method-is-most-effective-for-trading-by-andrea-unger-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov42233ex,d,"{""minimum-quantity"":""1"",""path"":""ch8a2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:08 (28–29, 33): Explore Your Options by Jay Kaeppel"",""caption-linebreaks"":""Explore Your Options by Jay Kaeppel
SHORT-TERM CREDIT SPREADS— SO MANY CHOICES
I am interested in selling short-term credit spreads to generate income. But there are so many potential choices regarding which spread to choose. Are there any guidelines for selecting the best spread?
There are potential guidelines that a trader can apply, but there is no such thing as “the best spread.” In most cases, it is best to consider a couple of potential trades and then compare the key factors ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-16632.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-08-28-29-33-explore-your-options-by-jay-kaeppel-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-08-28-29-33-explore-your-options-by-jay-kaeppel-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov423wrco,d,"{""minimum-quantity"":""1"",""path"":""ch8a2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:08 (30–33): Writing Covered Calls Part 2: Opportunities For Option Sellers by John Devcic"",""caption-linebreaks"":""Writing Covered Calls Part 2: Opportunities For Option Sellers by John Devcic
Last time in part 1, we looked at using the option strat-egy of writing covered calls, including what to consider when you go to write (sell) a covered call. This time, we look at some ways to implement and structure your covered call writes, and consider uses for this popular instrument that you may not have thought of.
Why would a trader consider selling a call option on a stock? There are several attractive reasons ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-16638.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-08-30-33-writing-covered-calls-part-2-opportunities-for-option-sellers-by-john-devcic-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-08-30-33-writing-covered-calls-part-2-opportunities-for-option-sellers-by-john-devcic-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov423smhe,d,"{""minimum-quantity"":""1"",""path"":""ch8a2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:08 (34–36): Smoothed Heikin-Ashi: Advancing A Classic Trading Tool For Crypto Trading by Azeez Mustapha"",""caption-linebreaks"":""Smoothed Heikin-Ashi: Advancing A Classic Trading Tool For Crypto Trading by Azeez Mustapha
“Heikin-ashi” translates to “average bar” in Japanese. The smoothed heikin-ashi is an approach to charting that can lead to better outcomes for your cryptocurrency trading. Find out how.
If you’re a trader, you likely know about the heikin-ashi charting technique. It’s a mechanism for understanding market direction. But are you aware there’s an even better version? Let’s explore this advancement ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-16644.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-08-34-36-smoothed-heikin-ashi-advancing-a-classic-trading-tool-for-crypto-trading-by-azeez-mustapha-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-08-34-36-smoothed-heikin-ashi-advancing-a-classic-trading-tool-for-crypto-trading-by-azeez-mustapha-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov423sate1,d,"{""minimum-quantity"":""1"",""path"":""ch8a2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:08 (38–39): The Savvy Technician by Stella Osoba, CMT"",""caption-linebreaks"":""The Savvy Technician by Stella Osoba, CMT
DECONSTRUCTING THE HINDENBURG OMEN
With the so-called “Hindenburg omen” bearish indicator recently in the financial news, it is perhaps time to delve deeper into this more obscure technical indicator ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-16656.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-08-38-39-the-savvy-technician-by-stella-osoba-cmt-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-08-38-39-the-savvy-technician-by-stella-osoba-cmt-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov424stco,d,"{""minimum-quantity"":""1"",""path"":""ch8a2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:08 (40–41): Strategy Corner by Dave Mabe"",""caption-linebreaks"":""Strategy Corner by Dave Mabe
THE HIDDEN COST OF TAKING PARTIAL PROFITS
What’s the best way to take partial profits in a winning trade?
Exiting part of a trade at some level (also known as “taking a partial”) is tempting because on the surface it seems like a great compromise ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-16662.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-08-40-41-strategy-corner-by-dave-mabe-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-08-40-41-strategy-corner-by-dave-mabe-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov424aufi,d,"{""minimum-quantity"":""1"",""path"":""ch8a2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:08 (42–43): Augmenting Financial Analysis With Artificial Intelligence by Diana Wolf Torres"",""caption-linebreaks"":""Augmenting Financial Analysis With Artificial Intelligence by Diana Wolf Torres
Need a little demystification on how AI is being applied to the financial field? Here’s a quick look at some features of AI and its transformative potential for collaboration between humans and machines in market analysis.
In today’s financial markets, where information flows at lightning speed and data volumes soar, seasoned analysts can no longer rely solely on experience ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-16668.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-08-42-43-augmenting-financial-analysis-with-artificial-intelligence-by-diana-wolf-torres-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-08-42-43-augmenting-financial-analysis-with-artificial-intelligence-by-diana-wolf-torres-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov424alqa,d,"{""minimum-quantity"":""1"",""path"":""ch8a2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:08 (44–45): Algo Q&A by Kevin J. Davey"",""caption-linebreaks"":""Algo Q&A by Kevin J. Davey
REALISTIC EXPECTATIONS
One thing that scares me about algo trading is the fact that I apparently can’t just build 30 diverse algos and go enjoy my life in peace and let them run for the next 20 years and make money year to year. Why would I have to constantly keep building algos? What is the point of algo trading if everything doesn’t just run itself?
You’ve expressed some serious misconceptions that many new traders have about algo trading, and what it can and cannot do. The misconceptions I see in what you’ve said are that the trader could ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-16650.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-08-44-45-algo-q-a-by-kevin-j-davey-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-08-44-45-algo-q-a-by-kevin-j-davey-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov424scan,d,"{""minimum-quantity"":""1"",""path"":""ch8a2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:08 (44–45): The Schannep And Sahm Recession Indicators by Greg Aharonian"",""caption-linebreaks"":""The Schannep And Sahm Recession Indicators by Greg Aharonian
Getting ahead of the next recession can set you up for profitable trading opportunities. But how do you detect when a recession arrives? One indicator in the news recently is the Schannep recession indicator, and it’s easy to calculate. A related indicator is the Sahm rule. Here’s how to put them to use.
Economic cycles and stock market cycles are always in the making and always in our midst. There will always be a “next” recession and stock market decline; it’s just a question of when ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-16674.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-08-44-45-the-schannep-and-sahm-recession-indicators-by-greg-aharonian-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-08-44-45-the-schannep-and-sahm-recession-indicators-by-greg-aharonian-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov424trti6,d,"{""minimum-quantity"":""1"",""path"":""ch8a2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:08 (46–51): Traders’ Tips by Technical Analysis, Inc."",""caption-linebreaks"":""Traders’ Tips by Technical Analysis, Inc.
For this month’s Traders’ Tips, the focus is Buff Pelz Dormeier’s article in this issue, “Volume Confirmation For A Trend System.” Here, we present the August 2024 Traders’ Tips code with possible implementations in various software.
The code for the following Traders’ Tips selections is posted here:
• Traders.com > Home–S&C Magazine > Traders’ Tips
At Traders.com you can also right-click on any chart to open it in a new tab or window and view the chart at a much larger size.
The Traders’ Tips section is provided to help readers implement a selected technique from an article in this issue or another recent issue. The entries here are contributed by software developers or programmers for software that is capable of customization."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-08-46-51-traders-tips-by-technical-analysis-inc-4.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-08-46-51-traders-tips-by-technical-analysis-inc-7.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-08-46-51-traders-tips-by-technical-analysis-inc-8.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov42621ma,d,"{""minimum-quantity"":""1"",""path"":""ch8a2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:08 (6–7, 21): Market Rap by Emilio Tomasini"",""caption-linebreaks"":""Market Rap by Emilio Tomasini
TRENDLINES: DO THEY WORK?
In the Western world, technical analysis developed as a body of practical rules from the mid-1800s onward. These rules of thumb emerged from the direct experience of traders ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-16602.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-08-6-7-21-market-rap-by-emilio-tomasini-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-08-6-7-21-market-rap-by-emilio-tomasini-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov42821vo,d,"{""minimum-quantity"":""1"",""path"":""ch8a2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:08 (8–14, 21): Volume Confirmation For A Trend System by Buff Pelz Dormeier, CMT"",""caption-linebreaks"":""Volume Confirmation For A Trend System by Buff Pelz Dormeier, CMT
Volume flows help to validate trending and even nontrending price movements. This study presents an updated trend-following trading system based on combining the ADX with the trend thrust indicator and volume price confirmation indicator.
In the July 2007 issue of this magazine, I introduced the volume price confirmation indicator (VPCI), designed to be utilized to validate trends. Later, in the August 2011 issue, I introduced the trend thrust indicator (TTI), which I based on the moving average convergence/divergence (MACD) indicator (which was developed by George Appel in the 1970s) and I enhanced it with adaptive volume functions ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-16608.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-08-8-14-21-volume-confirmation-for-a-trend-system-by-buff-pelz-dormeier-cmt-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-08-8-14-21-volume-confirmation-for-a-trend-system-by-buff-pelz-dormeier-cmt-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov421vomo,d,"{""minimum-quantity"":""1"",""path"":""ch9s2019"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:09 (14–19): The Volume Momentum Indicator by Buff Pelz Dormeier, CMT"",""caption-linebreaks"":""The Volume Momentum Indicator by Buff Pelz Dormeier, CMT
Volume plays an important role in momentum analysis. Here’s an indicator you can plot to easily incorporate volume information in your analysis.
In the realm of physics, momentum is defined as the “quantity of motion of a moving body, measured as a product of its mass and velocity.” Yet, in the realm of securities analysis, the vast majority of momentum analysis neglects this definition’s first word ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-16702.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-09-14-19-the-volume-momentum-indicator-by-buff-pelz-dormeier-cmt-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-09-14-19-the-volume-momentum-indicator-by-buff-pelz-dormeier-cmt-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov42235wh,d,"{""minimum-quantity"":""1"",""path"":""ch9s2019"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:09 (20–25, 35): Which Is Better: The N-Day Breakout Or The Swing Breakout? by Perry J. Kaufman"",""caption-linebreaks"":""Which Is Better: The N-Day Breakout Or The Swing Breakout? by Perry J. Kaufman
Here’s a study that compares the classic method of using swing highs and lows for trading signals versus a modern approach of signals based on new highs and lows over a given number of days. Which will you choose?
The earliest of all systems was the swing chart, a new high or low going above the previous high or low. For most traders, that means some news has caused prices to move out of its current trading level into a new one—either up or down. That makes sense ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-09-20-25-35-which-is-better-the-n-day-breakout-or-the-swing-breakout-by-perry-j-kaufman-4.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-09-20-25-35-which-is-better-the-n-day-breakout-or-the-swing-breakout-by-perry-j-kaufman-7.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-09-20-25-35-which-is-better-the-n-day-breakout-or-the-swing-breakout-by-perry-j-kaufman-8.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov422mefu,d,"{""minimum-quantity"":""1"",""path"":""ch9s2019"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:09 (26–31): Metals Futures: How To Identify And Exploit Recurring Intraday Price Movements by Andrea Unger"",""caption-linebreaks"":""Metals Futures: How To Identify And Exploit Recurring Intraday Price Movements by Andrea Unger
For the study presented here, we will use four commonly traded metals futures markets to test for intraday biases that could give the trader an edge.
In this article, we’ll explore a category of trading systems that don’t rely on indicators or common price analysis–based entry setups ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-16716.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-09-26-31-metals-futures-how-to-identify-and-exploit-recurring-intraday-price-movements-by-andrea-unger-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-09-26-31-metals-futures-how-to-identify-and-exploit-recurring-intraday-price-movements-by-andrea-unger-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov423mama,d,"{""minimum-quantity"":""1"",""path"":""ch9s2019"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:09 (32–35): Mastering The MACD In A Strategy by Azeez Mustapha"",""caption-linebreaks"":""Mastering The MACD In A Strategy by Azeez Mustapha
Combine a long-term moving average with the classic MACD to create a trend-following trading strategy for trading forex pairs. Here’s how.
The art of trading demands meticulous attention and strategic finesse. It is imperative to employ methodologies that streamline the complexities inherent in the trading landscape ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-16722.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-09-32-35-mastering-the-macd-in-a-strategy-by-azeez-mustapha-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-09-32-35-mastering-the-macd-in-a-strategy-by-azeez-mustapha-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov42356co,d,"{""minimum-quantity"":""1"",""path"":""ch9s2019"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:09 (36–45, 56): Consider Sector-Rotation ETFs? A Second Look After 5 Years by Leslie N. Masonson, MBA"",""caption-linebreaks"":""Consider Sector-Rotation ETFs? A Second Look After 5 Years by Leslie N. Masonson, MBA
Sector rotation strategies and enthusiasm are alive and well. And six ETFs have joined the existing four in this tiny market niche. But one fact has not changed: There is approximately a 30 percentage-point difference between the annual performance of the best and worst stock sec-tors. Should you consider any of the newcomer ETFs, and are any of the longtime funds a viable portfolio addition? Here’s an updated review.
In the March 2019 issue of this magazine, I reviewed five sector rotation ETFs. My conclusion was that none of them were suited for investors’ consideration because of their inferior performance ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-16728.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-09-36-45-56-consider-sector-rotation-etfs-a-second-look-after-5-years-by-leslie-n-masonson-mba-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-09-36-45-56-consider-sector-rotation-etfs-a-second-look-after-5-years-by-leslie-n-masonson-mba-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov424fufo1,d,"{""minimum-quantity"":""1"",""path"":""ch9s2019"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:09 (46–47): Futures For You by Carley Garner"",""caption-linebreaks"":""Futures For You by Carley Garner
MICRO NATURAL GAS FUTURES
What are the specifics of micro natural gas futures?
Micro-sized natural gas futures have been welcomed with open arms. However, just as exchanges tend to list ETFs at the end of their heydays ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-16734.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-09-46-47-futures-for-you-by-carley-garner-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-09-46-47-futures-for-you-by-carley-garner-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov424alqa1,d,"{""minimum-quantity"":""1"",""path"":""ch9s2019"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:09 (48): Algo Q&A by Kevin J. Davey"",""caption-linebreaks"":""Algo Q&A by Kevin J. Davey
WHAT MAKES A GOOD ALGO TRADER?
I am just getting into trading, and there are a lot of competing approaches and styles. Since you algo trade, can you explain the characteristics and qualities of a good algo trader?
First off, let me say that algo trading is not for everyone. To succeed in algo trading, a trader needs certain skills and a certain outlook on the markets ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-16740.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-09-48-algo-q-a-by-kevin-j-davey-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-09-48-algo-q-a-by-kevin-j-davey-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov424stco1,d,"{""minimum-quantity"":""1"",""path"":""ch9s2019"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:09 (49): Strategy Corner by Dave Mabe"",""caption-linebreaks"":""Strategy Corner by Dave Mabe
IDENTIFYING FALSE BREAKOUTS
How can I identify false breakouts?
This is a great question because many traders scan for stocks breaking out of recent ranges ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-16746.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-09-49-strategy-corner-by-dave-mabe-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-09-49-strategy-corner-by-dave-mabe-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov425trti,d,"{""minimum-quantity"":""1"",""path"":""ch9s2019"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:09 (50–56): Traders’ Tips by Technical Analysis, Inc."",""caption-linebreaks"":""Traders’ Tips by Technical Analysis, Inc.
For this month’s Traders’ Tips, the focus is John Ehlers’ article in this issue, “Precision Trend Analysis.” Here, we present the September 2024 Traders’ Tips code with possible implementations in various software.
The code for the following Traders’ Tips selections is posted here:
• Traders.com > Home–S&C Magazine > Traders’ Tips
At Traders.com you can also right-click on any chart to open it in a new tab or window and view the chart at a much larger size.
The Traders’ Tips section is provided to help readers implement a selected technique from an article in this issue or another recent issue. The entries here are contributed by software developers or programmers for software that is capable of customization."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-16752.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-09-50-56-traders-tips-by-technical-analysis-inc-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-09-50-56-traders-tips-by-technical-analysis-inc-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov426sate1,d,"{""minimum-quantity"":""1"",""path"":""ch9s2019"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:09 (60–61): The Savvy Technician by Stella Osoba, CMT"",""caption-linebreaks"":""The Savvy Technician by Stella Osoba, CMT
ANTICIPATING DOWNTRENDS
CrowdStrike Holdings, Inc. (CRWD) was recently in the news. A software glitch resulted in what has been described as the largest IT outage in history ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-09-60-61-the-savvy-technician-by-stella-osoba-cmt-4.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-09-60-61-the-savvy-technician-by-stella-osoba-cmt-7.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-09-60-61-the-savvy-technician-by-stella-osoba-cmt-8.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov426mara,d,"{""minimum-quantity"":""1"",""path"":""ch9s2019"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:09 (62–63): Market Rap by Emilio Tomasini"",""caption-linebreaks"":""Market Rap by Emilio Tomasini
ARE SUCCESSFUL PRIVATE TRADERS SOCIOPATHS OR SIMPLY BRILLIANT INDIVIDUALS?
The postman rings the doorbell: he has a judicial document to deliver, perhaps a fine, maybe something more serious like a summons ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-16763.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-09-62-63-market-rap-by-emilio-tomasini-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-09-62-63-market-rap-by-emilio-tomasini-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov42647ex,d,"{""minimum-quantity"":""1"",""path"":""ch9s2019"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:09 (6–7, 47): Explore Your Options by Jay Kaeppel"",""caption-linebreaks"":""Explore Your Options by Jay Kaeppel
THE MOST IMPORTANT FACTORS IN OPTION TRADES
I am trying to get a handle on the most important factors that will affect my option trades. Any feedback on what to focus on?
There are a handful of primary factors that option traders should focus on ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-16690.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-09-6-7-47-explore-your-options-by-jay-kaeppel-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-09-6-7-47-explore-your-options-by-jay-kaeppel-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov42819pr,d,"{""minimum-quantity"":""1"",""path"":""ch9s2019"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:09 (8–12, 19): Precision Trend Analysis by John F. Ehlers"",""caption-linebreaks"":""Precision Trend Analysis by John F. Ehlers
Step away from conventional approaches and try this new approach for detecting and confirming trend. Here’s how.
In this article I will show you how to detect the exact timing of the onset of a new trend, how to get confirmation of that trend, how to sense when the trend pauses or takes a short-term reversion, and how to detect the end of the trend with confirmation ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-16696.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-09-8-12-19-precision-trend-analysis-by-john-f-ehlers-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-09-8-12-19-precision-trend-analysis-by-john-f-ehlers-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov42122ov,d,"{""minimum-quantity"":""1"",""path"":""ch10o2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:10 (14–17, 22): Overbought/Oversold Oscillators: Useless Or Just Misused? by Francesco P. Bufi"",""caption-linebreaks"":""Overbought/Oversold Oscillators: Useless Or Just Misused? by Francesco P. Bufi
We’ll probe this question by taking a closer look at a classic oscillator—the RSI—and putting it to the test.
From time to time we encounter people who swear upon the uselessness of technical analysis and the indicators and oscillators it suggests using ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-16784.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-10-14-17-22-overbought-oversold-oscillators-useless-or-just-misused-by-francesco-p-bufi-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-10-14-17-22-overbought-oversold-oscillators-useless-or-just-misused-by-francesco-p-bufi-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov421cans,d,"{""minimum-quantity"":""1"",""path"":""ch10o2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:10 (18–22): Can A Stochastic Indicator Be A Trading System? by Perry J. Kaufman"",""caption-linebreaks"":""Can A Stochastic Indicator Be A Trading System? by Perry J. Kaufman
Are signals from the ever-popular stochastic oscillator reliable enough to be used in a trading system? This test might help you decide.<.i>
Many of us use the stochastic indicator to time our entries and exits. It’s a simple calculation that has proved valuable. It tells us where the current price is within the recent high–low range. It comes in three versions: the raw stochastic, the smoothed, and the twice-smoothed smoothed ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-16790.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-10-18-22-can-a-stochastic-indicator-be-a-trading-system-by-perry-j-kaufman-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-10-18-22-can-a-stochastic-indicator-be-a-trading-system-by-perry-j-kaufman-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov422alqa2,d,"{""minimum-quantity"":""1"",""path"":""ch10o2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:10 (23): Algo Q&A by Kevin J. Davey"",""caption-linebreaks"":""Algo Q&A by Kevin J. Davey
ALGO TRADING EDUCATION
Algo trading seems to be all the rage these days. Can you give me some advice on purchasing algo trading education?
First, I need to disclose that I sell algo trading education. But the advice I give here is fairly general in nature and does not endorse any particular educator ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-16796.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-10-23-algo-q-a-by-kevin-j-davey-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-10-23-algo-q-a-by-kevin-j-davey-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov422trle,d,"{""minimum-quantity"":""1"",""path"":""ch10o2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:10 (24–29): Trading Leveraged QQQ ETFs Part 1: QLD by Massoud Metghalchi, PhD"",""caption-linebreaks"":""Trading Leveraged QQQ ETFs Part 1: QLD by Massoud Metghalchi, PhD
You may be able to outperform the market with favorable reward-to-risk measures by including a leveraged QQQ ETF in your portfolio allocation with a timing factor. Here is a study with trading rules and results.
The study presented in this article demonstrates that a simple trend trading system applied to a portfolio consisting of a leveraged QQQ ETF and a treasury bond index ETF provided better risk-adjusted performance than the “market” (as represented by SPY, the SPDR S&P 500 ETF Trust) ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-16802.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-10-24-29-trading-leveraged-qqq-etfs-part-1-qld-by-massoud-metghalchi-phd-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-10-24-29-trading-leveraged-qqq-etfs-part-1-qld-by-massoud-metghalchi-phd-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov42338sa,d,"{""minimum-quantity"":""1"",""path"":""ch10o2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:10 (30–31, 38): The Savvy Technician by Stella Osoba, CMT"",""caption-linebreaks"":""The Savvy Technician by Stella Osoba, CMT
REVIEWING MARKET VOLATILITY
The volatility that gripped the stock market in early August 2024, intensifying in the week of August 12, 2024 left many market participants shaken ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-16808.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-10-30-31-38-the-savvy-technician-by-stella-osoba-cmt-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-10-30-31-38-the-savvy-technician-by-stella-osoba-cmt-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov423test,d,"{""minimum-quantity"":""1"",""path"":""ch10o2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:10 (32–38): Tesla Stock: Comparing Traditional Investment Strategies With Systematic Trading by Andrea Unger"",""caption-linebreaks"":""Tesla Stock: Comparing Traditional Investment Strategies With Systematic Trading by Andrea Unger
Here’s a demonstration of a simple algorithmic strategy, made up of just a few lines of code, that you can use to potentially capture profit from a rising stock while protecting against sharp retracements.
Tesla made its debut on the New York Stock Exchange on June 29, 2010. In just a few years, it has become a symbol of the tech stock boom in the U.S. market. Since its IPO, Tesla’s stock has surged more than 100-fold over the years ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-16814.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-10-32-38-tesla-stock-comparing-traditional-investment-strategies-with-systematic-trading-by-andrea-unger-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-10-32-38-tesla-stock-comparing-traditional-investment-strategies-with-systematic-trading-by-andrea-unger-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov42351ma,d,"{""minimum-quantity"":""1"",""path"":""ch10o2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:10 (39, 51): Market Rap by Emilio Tomasini"",""caption-linebreaks"":""Market Rap by Emilio Tomasini
THE MOST INFLUENTIAL TRADER IN MY TRADING
If there is an obligation of collegiality among some categories of professionals—a legacy of medieval corporatism but a fact in every country—the relationship between traders is nearly nonexistent ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-16820.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-10-39-51-market-rap-by-emilio-tomasini-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-10-39-51-market-rap-by-emilio-tomasini-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov424exyo,d,"{""minimum-quantity"":""1"",""path"":""ch10o2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:10 (40–43): Explore Your Options by Jay Kaeppel"",""caption-linebreaks"":""Explore Your Options by Jay Kaeppel
LONG-DATED FAR-OUT-OF-THE-MONEY CALENDAR SPREADS
I am looking for a way to speculate on potential big moves in stocks. I hope to limit my dollar risk and minimize the negative effect of time decay. Do you have any suggestions?
A long-dated, far-out-of-the-money calendar spread is an inexpensive way to speculate on a significant move in price ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-16826.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-10-40-43-explore-your-options-by-jay-kaeppel-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-10-40-43-explore-your-options-by-jay-kaeppel-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov424docr,d,"{""minimum-quantity"":""1"",""path"":""ch10o2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:10 (44–46): Do Crash/Recession Indicators Work Anymore? by Greg Aharonian"",""caption-linebreaks"":""Do Crash/Recession Indicators Work Anymore? by Greg Aharonian
We have the Tobin’s Q, the CAPE10, the Wilshire5000/GDP, the yield curve, zombies… are any of these indicators actually reliable in forecasting economic cycles? Here’s a look.
The indicators are clear: A big market crash/recession is coming. Or small. Or not at all. Or a new bull market economy is beginning. Or not. Time to resort to tea leaves?"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-16832.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-10-44-46-do-crash-recession-indicators-work-anymore-by-greg-aharonian-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-10-44-46-do-crash-recession-indicators-work-anymore-by-greg-aharonian-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov424stco2,d,"{""minimum-quantity"":""1"",""path"":""ch10o2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:10 (47): Strategy Corner by Dave Mabe"",""caption-linebreaks"":""Strategy Corner by Dave Mabe
HOW TO PREVENT TRADING WITH EMOTION
I often let my emotions get the best of me when trading. I know my trading would be better if I didn’t let that happen. How can I do that?
I get this question a lot from traders and the answer is different from what you’d think ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-16838.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-10-47-strategy-corner-by-dave-mabe-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-10-47-strategy-corner-by-dave-mabe-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov424trti7,d,"{""minimum-quantity"":""1"",""path"":""ch10o2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:10 (48–51): Traders’ Tips by Technical Analysis, Inc."",""caption-linebreaks"":""Traders’ Tips by Technical Analysis, Inc.
For this month’s Traders’ Tips, the focus is Francesco Bufi’s article in this issue, “Overbought/Oversold Oscillators: Useless Or Just Misused?” Here, we present the October 2024 Traders’ Tips code with possible implementations in various software.
The code for the following Traders’ Tips selections is posted here:
• Traders.com > Home–S&C Magazine > Traders’ Tips
At Traders.com you can also right-click on any chart to open it in a new tab or window and view the chart at a much larger size.
The Traders’ Tips section is provided to help readers implement a selected technique from an article in this issue or another recent issue. The entries here are contributed by software developers or programmers for software that is capable of customization."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-16844.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-10-48-51-traders-tips-by-technical-analysis-inc-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-10-48-51-traders-tips-by-technical-analysis-inc-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov426fufo,d,"{""minimum-quantity"":""1"",""path"":""ch10o2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:10 (6–7): Futures For You by Carley Garner"",""caption-linebreaks"":""Futures For You by Carley Garner
PORTFOLIO ALLOCATION
What percentage of a portfolio should be allocated to commodities?
Plenty of studies suggest that the commodity sector offers long-term investment portfolios a diversification vehicle, but I believe this is misleading ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-16772.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-10-6-7-futures-for-you-by-carley-garner-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-10-6-7-futures-for-you-by-carley-garner-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov42829re,d,"{""minimum-quantity"":""1"",""path"":""ch10o2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:10 (8–12, 29): Revisualizing The ADX Oscillator by Neil Jon Harrington"",""caption-linebreaks"":""Revisualizing The ADX Oscillator by Neil Jon Harrington
Introducing a new, re-envisioned ADX that provides more information to the trader and makes ADX readings more intuitive and easier to visualize. Find out how to create and use it.
J. Welles Wilder Jr.’s 1978 book New Concepts In Technical Trading Systems was a seminal work. That one book introduced us to the directional movement index (DMI+, DMI−), the average directional index (ADX), the average true range (ATR), the relative strength index (RSI), the parabolic stop & reverse (PSAR), and more ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-16778.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-10-8-12-29-revisualizing-the-adx-oscillator-by-neil-jon-harrington-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-10-8-12-29-revisualizing-the-adx-oscillator-by-neil-jon-harrington-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov421inde,d,"{""minimum-quantity"":""1"",""path"":""ch11n2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:11 (14–17): Indicator Deviation Bands: Extending The Bollinger Bands Concept by Richard Poster, PhD"",""caption-linebreaks"":""Indicator Deviation Bands: Extending The Bollinger Bands Concept by Richard Poster, PhD
Apply the concept of trading bands to technical indi-cators to create effective trading strategies. Here’s an example.
The Bollinger Bands indicator has been an effective tool in support of trading strategies since John Bollinger developed the indicator in 1983. The indicator is typically made up of a midline for the moving average of the closing price, and upper and lower lines that are plus and minus two standard deviations from the midline ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-16866.gif"",""height"":""359"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-11-14-17-indicator-deviation-bands-extending-the-bollinger-bands-concept-by-richard-poster-phd-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-11-14-17-indicator-deviation-bands-extending-the-bollinger-bands-concept-by-richard-poster-phd-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov421trbr,d,"{""minimum-quantity"":""1"",""path"":""ch11n2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:11 (18–23): Trading A Breakout System by Perry J. Kaufman"",""caption-linebreaks"":""Trading A Breakout System by Perry J. Kaufman
When trading a breakout system, does it improve results to get in either early or late? Here’s a test to find out.
My own preference for a trend system is an N-day breakout. It may have similar returns to a moving average, but much higher reliability (percentage of profitable trades). In exchange, it has higher per-trade risk ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-16872.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-11-18-23-trading-a-breakout-system-by-perry-j-kaufman-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-11-18-23-trading-a-breakout-system-by-perry-j-kaufman-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov422trle1,d,"{""minimum-quantity"":""1"",""path"":""ch11n2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:11 (24–28): Trading Leveraged QQQ ETFs Part 2: TQQQ by Massoud Metghalchi, PhD"",""caption-linebreaks"":""Trading Leveraged QQQ ETFs Part 2: TQQQ by Massoud Metghalchi, PhD
Can you beat buy & hold, with favorable reward-to-risk measures, by including a leveraged QQQ ETF in your portfolio allocation with market timing? In part 1, the study tested a 2× ETF. Here, a 3× ETF is tested. Do results improve, or worsen? We find out.
In this article, I’ll continue with my study on trading QQQ-based leveraged ETFs. Last time in part 1, I focused on QLD (ProShares Ultra QQQ ETF), which seeks to mimic two times (2×) the daily performance of the NASDAQ-100 index ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-16878.gif"",""height"":""359"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-11-24-28-trading-leveraged-qqq-etfs-part-2-tqqq-by-massoud-metghalchi-phd-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-11-24-28-trading-leveraged-qqq-etfs-part-2-tqqq-by-massoud-metghalchi-phd-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov42236st,d,"{""minimum-quantity"":""1"",""path"":""ch11n2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:11 (29, 36): Strategy Corner by Dave Mabe"",""caption-linebreaks"":""Strategy Corner by Dave Mabe
WANT MORE CONSISTENCY? SYSTEMATIZE YOUR EXITS
My biggest issue is not being patient enough to wait for my setups and taking subpar trades, leading to overtrading. How can I fix this?
When traders tell me they’re too impulsive during the trading day, the problem isn’t poor self-control ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-16884.gif"",""height"":""374"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-11-29-36-strategy-corner-by-dave-mabe-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-11-29-36-strategy-corner-by-dave-mabe-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov423trco,d,"{""minimum-quantity"":""1"",""path"":""ch11n2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:11 (30–36): Trading Commodities: Crafting A Bias Strategy To Leverage Orange Juice Seasonality by Andrea Unger"",""caption-linebreaks"":""Trading Commodities: Crafting A Bias Strategy To Leverage Orange Juice Seasonality by Andrea Unger
You can use seasonality characteristics to develop a trading strategy. Here’s an example of developing a strategy after identifying a seasonal pattern in an agricultural commodity.
Here, we’ll delve into the unique and often overlooked commodity of orange juice ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-16890.gif"",""height"":""359"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-11-30-36-trading-commodities-crafting-a-bias-strategy-to-leverage-orange-juice-seasonality-by-andrea-unger-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-11-30-36-trading-commodities-crafting-a-bias-strategy-to-leverage-orange-juice-seasonality-by-andrea-unger-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov42341al,d,"{""minimum-quantity"":""1"",""path"":""ch11n2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:11 (37, 41): Algo Q&A by Kevin J. Davey"",""caption-linebreaks"":""Algo Q&A by Kevin J. Davey
MARGIN ALTERNATIVES
Futures margins have gotten so large lately. Are there any good alternatives?
You are definitely not imagining things. Overnight margins have gone up quite a bit recently (I’ll ignore daytrading margins for this discussion) ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-16896.gif"",""height"":""374"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-11-37-41-algo-q-a-by-kevin-j-davey-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-11-37-41-algo-q-a-by-kevin-j-davey-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov423capr,d,"{""minimum-quantity"":""1"",""path"":""ch11n2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:11 (38–41): Catching Profitable Market Opportunities By Harnessing Dominant Trends by Azeez Mustapha"",""caption-linebreaks"":""Catching Profitable Market Opportunities By Harnessing Dominant Trends by Azeez Mustapha
Here’s a strategy for forex trading that uses moving averages alongside critical price levels to identify trading opportunities as major trends develop.
In the dynamic world of forex trading, success often hinges on the ability to decipher the ever-shifting market landscape. One powerful tool in a trader’s arsenal is the use of moving averages, specifically the 50-day simple moving average (SMA) and the 200-day SMA ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-16902.gif"",""height"":""359"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-11-38-41-catching-profitable-market-opportunities-by-harnessing-dominant-trends-by-azeez-mustapha-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-11-38-41-catching-profitable-market-opportunities-by-harnessing-dominant-trends-by-azeez-mustapha-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov424fufo2,d,"{""minimum-quantity"":""1"",""path"":""ch11n2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:11 (42–42): Futures For You by Carley Garner"",""caption-linebreaks"":""Futures For You by Carley Garner
BROKER CHOICE
Does it matter which futures and options broker I choose?
The answer is YES (capital letters are appropriate). For full disclosure, I myself am a commodity broker; I run a boutique futures and options trading shop servicing clients of all sizes and experience levels ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-16908.gif"",""height"":""374"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-11-42-42-futures-for-you-by-carley-garner-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-11-42-42-futures-for-you-by-carley-garner-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov424mara,d,"{""minimum-quantity"":""1"",""path"":""ch11n2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:11 (44): Market Rap by Emilio Tomasini"",""caption-linebreaks"":""Market Rap by Emilio Tomasini
THE SMELL OF BOOT GREASE, GUN-POWDER, AND LOTS OF DUST: WHAT DO THEY HAVE TO DO WITH A FAMOUS TECHNICAL ANALYSIS BOOK?
For those who have served in the military, it doesn’t take long to recognize the universal experience of infantry life. Infantrymen speak the same language worldwide—a universal tongue ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-11-44-market-rap-by-emilio-tomasini-4.gif"",""height"":""374"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-11-44-market-rap-by-emilio-tomasini-7.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-11-44-market-rap-by-emilio-tomasini-8.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov424trti8,d,"{""minimum-quantity"":""1"",""path"":""ch11n2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:11 (46–52): Traders’ Tips by Technical Analysis, Inc."",""caption-linebreaks"":""Traders’ Tips by Technical Analysis, Inc.
For this month’s Traders’ Tips, the focus is John Ehlers’ article in this issue, “Ultimate Strength Index (USI).” Here, we present the November 2024 Traders’ Tips code with possible implementations in various software.
The code for the following Traders’ Tips selections is posted here:
• Traders.com > Home–S&C Magazine > Traders’ Tips
At Traders.com you can also right-click on any chart to open it in a new tab or window and view the chart at a much larger size.
The Traders’ Tips section is provided to help readers implement a selected technique from an article in this issue or another recent issue. The entries here are contributed by software developers or programmers for software that is capable of customization."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-16919.gif"",""height"":""394"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-11-46-52-traders-tips-by-technical-analysis-inc-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-11-46-52-traders-tips-by-technical-analysis-inc-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov425coco,d,"{""minimum-quantity"":""1"",""path"":""ch11n2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:11 (54–56): Concentric Containment Moving Averages by Howard J. Herman"",""caption-linebreaks"":""Concentric Containment Moving Averages by Howard J. Herman
By using a series of moving averages, we can study price action within the timeframe and look for clues to the direction ahead.
Concentric containment moving averages are what I call a series of moving averages (MAs), each with a shorter period than the next. Each MA contains a series of price action without being violated by the price action ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-16925.gif"",""height"":""359"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-11-54-56-concentric-containment-moving-averages-by-howard-j-herman-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-11-54-56-concentric-containment-moving-averages-by-howard-j-herman-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov42643ex,d,"{""minimum-quantity"":""1"",""path"":""ch11n2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:11 (60–62, 43): Explore Your Options by Jay Kaeppel"",""caption-linebreaks"":""Explore Your Options by Jay Kaeppel
TAKE THE LEAP
I sometimes come across an idea that appears to hold significant long-term potential, but don’t want to commit a lot of capital for a long time on a more speculative position. Any suggestions?
Options on LEAPs (long-term equity anticipation securities) offer investors and traders the potential to gain longer-term exposure to a security without making a significant capital commitment ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-16931.gif"",""height"":""374"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-11-60-62-43-explore-your-options-by-jay-kaeppel-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-11-60-62-43-explore-your-options-by-jay-kaeppel-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov42617sa,d,"{""minimum-quantity"":""1"",""path"":""ch11n2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:11 (6–7, 17): The Savvy Technicaian by Stella Osoba, CMT"",""caption-linebreaks"":""The Savvy Technicaian by Stella Osoba, CMT
READING VOLATILITY USING THE ATR
The average true range (ATR) is a technical tool that measures the volatility of a given security. J. Welles Wilder Jr. developed the ATR for commodities trading and wrote about it in his book New Concepts In Technical Trading in the 1970s ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-16854.gif"",""height"":""374"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-11-6-7-17-the-savvy-technicaian-by-stella-osoba-cmt-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-11-6-7-17-the-savvy-technicaian-by-stella-osoba-cmt-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov428ulst,d,"{""minimum-quantity"":""1"",""path"":""ch11n2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:11 (8–12): Ultimate Strength Index (USI) by John F. Ehlers"",""caption-linebreaks"":""Ultimate Strength Index (USI) by John F. Ehlers
Introducing a new version of the RSI that has an exceptionally small amount of lag. Here’s how you can calculate and use it.
Undoubtedly the most popular indicator used by technical traders is J. Welles Wilder’s RSI (relative strength index). Its popularity is well deserved because it provides a normalized output regardless of the instrument being analyzed, because it clearly shows cyclic variations in the data, and because it simultaneously shows the strength of trends ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-16860.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-11-8-12-ultimate-strength-index-usi-by-john-f-ehlers-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-11-8-12-ultimate-strength-index-usi-by-john-f-ehlers-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov42119pr,d,"{""minimum-quantity"":""1"",""path"":""ch12d2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:12 (14–17, 19): Predicting S&P 500 Tops And Bottoms With Shannon Entropy by Yuqi Fan"",""caption-linebreaks"":""Predicting S&P 500 Tops And Bottoms With Shannon Entropy by Yuqi Fan
This measure of uncertainty can provide insights into market dynamics that traditional methods may overlook. Find out how.
Identifying market tops and bottoms is one of the most challenging tasks for traders, investors, and financial analysts, as it involves predicting the turning points where market trends are likely to reverse ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-16953.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-12-14-17-19-predicting-s-p-500-tops-and-bottoms-with-shannon-entropy-by-yuqi-fan-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-12-14-17-19-predicting-s-p-500-tops-and-bottoms-with-shannon-entropy-by-yuqi-fan-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov421stco,d,"{""minimum-quantity"":""1"",""path"":""ch12d2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:12 (18–19): Strategy Corner by Dave Mabe"",""caption-linebreaks"":""Strategy Corner by Dave Mabe
ELIMINATE SUB-OPTIMAL TRADES
A trader named Raj asks (used with permission):
\n“I have been a breakeven trader for the last 2 years. The biggest obstacle for me is taking nearly 30 percent of my trades with sub-optimal setups. How can I fix this?”
I love hearing this question and variations of it from traders for a couple of reasons. First, it tells me that the trader has a process for reviewing trades after the fact to see where they can get better ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-12-18-19-strategy-corner-by-dave-mabe-4.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-12-18-19-strategy-corner-by-dave-mabe-7.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-12-18-19-strategy-corner-by-dave-mabe-8.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov422autr,d,"{""minimum-quantity"":""1"",""path"":""ch12d2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:12 (20–24): Automatic Trend-Following Strategy For Stock Trading: Microsoft, Apple, Google, And Meta by Andrea Unger"",""caption-linebreaks"":""Automatic Trend-Following Strategy For Stock Trading: Microsoft, Apple, Google, And Meta by Andrea Unger
Is it a good idea to enter on what appears to be a pull-back in a bullish trend? Here is how you can code, test, and measure performance of a trend strategy so you can compare different approaches to entry.
Trend-following is one of the most popular and powerful approaches to trading. It’s a straight-forward strategy: you follow the market trends that are already in motion. But here’s the tricky part—timing ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-16962.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-12-20-24-automatic-trend-following-strategy-for-stock-trading-microsoft-apple-google-and-meta-by-andrea-unger-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-12-20-24-automatic-trend-following-strategy-for-stock-trading-microsoft-apple-google-and-meta-by-andrea-unger-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov422alqa3,d,"{""minimum-quantity"":""1"",""path"":""ch12d2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:12 (25): Algo Q&A by Kevin J. Davey"",""caption-linebreaks"":""Algo Q&A by Kevin J. Davey
THE REAL SCOOP
Algo trading sounds easy, based on all the social media ads I see. Can you share some “war stories” to provide the “real scoop” on algo trading?
Great question! I see the same ads that you do, and I can tell you that anyone who says algo trading is easy is 1) lying to you and 2) probably does not trade with real money ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-16968.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-12-25-algo-q-a-by-kevin-j-davey-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-12-25-algo-q-a-by-kevin-j-davey-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov42233na,d,"{""minimum-quantity"":""1"",""path"":""ch12d2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:12 (26–29, 33): Navigating Through Market Manipulations: The ICT Judas Swing Strategy by Azeez Mustapha"",""caption-linebreaks"":""Navigating Through Market Manipulations: The ICT Judas Swing Strategy by Azeez Mustapha
The name of this strategy reflects that it attempts to capitalize on some of the deceptive market manipulations carried out by big market players. Here are the details of this trading strategy.
In the world of forex trading, the primary goal for everyone involved is to turn a profit. It’s an exhilarating pursuit for newcomers, but as losses inevitably arise, doubts about one’s strategy often emerge. The ICT Judas swing strategy can provide traders with ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-12-26-29-33-navigating-through-market-manipulations-the-ict-judas-swing-strategy-by-azeez-mustapha-4.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-12-26-29-33-navigating-through-market-manipulations-the-ict-judas-swing-strategy-by-azeez-mustapha-7.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-12-26-29-33-navigating-through-market-manipulations-the-ict-judas-swing-strategy-by-azeez-mustapha-8.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov423sate2,d,"{""minimum-quantity"":""1"",""path"":""ch12d2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:12 (30–33): The Savvy Technician by Stella Osoba, CMT"",""caption-linebreaks"":""The Savvy Technician by Stella Osoba, CMT
REMEMBERING TO TAKE PROFITS
There is room in a portfolio for investments that mimic the market or particular sectors within it. This can be successfully done through vehicles like mutual funds and ETFs ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-16980.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-12-30-33-the-savvy-technician-by-stella-osoba-cmt-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-12-30-33-the-savvy-technician-by-stella-osoba-cmt-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov423mara1,d,"{""minimum-quantity"":""1"",""path"":""ch12d2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:12 (34–39): Market Rap by Emilio Tomasini"",""caption-linebreaks"":""Market Rap by Emilio Tomasini
TRADING CONTESTS (PART 1 OF 2)
What is the point for a trader to participate in a trading competition with real money? After Larry Williams’ spectacular success at the Robbins World Cup in 1987, trading contests became a frequent spectacle in the U.S. and around the world ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-16986.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-12-34-39-market-rap-by-emilio-tomasini-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-12-34-39-market-rap-by-emilio-tomasini-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov423wiai,d,"{""minimum-quantity"":""1"",""path"":""ch12d2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:12 (36–39): Will AI Ever Be Useful For Technical Analysis? Part 1: It’s Not A Given by Gregory Aharonian"",""caption-linebreaks"":""Will AI Ever Be Useful For Technical Analysis? Part 1: It’s Not A Given by Gregory Aharonian
Are AI tools giving traders improvements in alpha and beta, and if not, why not?
Despite the steep rise in stocks we’ve seen for companies involved in areas of artificial intelligence (AI), and despite the power of the generative AI tools we’ve seen lately such as ChatGPT, the question remains: Will AI ever be more useful for technical analysis ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-16992.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-12-36-39-will-ai-ever-be-useful-for-technical-analysis-part-1-it-s-not-a-given-by-gregory-aharonian-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-12-36-39-will-ai-ever-be-useful-for-technical-analysis-part-1-it-s-not-a-given-by-gregory-aharonian-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov424trti9,d,"{""minimum-quantity"":""1"",""path"":""ch12d2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:12 (40–46): Traders’ Tips by Technical Analysis, Inc."",""caption-linebreaks"":""Traders’ Tips by Technical Analysis, Inc.
For this month’s Traders’ Tips, the focus is Neil Jon Harrington’s article in the October 2024 issue, “Revisualizing The ADX Oscillator.” Here, we present the December 2024 Traders’ Tips code with possible implementations in various software.
The code for the following Traders’ Tips selections is posted here:
• Traders.com > Home–S&C Magazine > Traders’ Tips
At Traders.com you can also right-click on any chart to open it in a new tab or window and view the chart at a much larger size.
The Traders’ Tips section is provided to help readers implement a selected technique from an article in this issue or another recent issue. The entries here are contributed by software developers or programmers for software that is capable of customization."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-16998.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-12-40-46-traders-tips-by-technical-analysis-inc-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-12-40-46-traders-tips-by-technical-analysis-inc-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov424exyo1,d,"{""minimum-quantity"":""1"",""path"":""ch12d2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:12 (48–51): Explore Your Options by Jay Kaeppel"",""caption-linebreaks"":""Explore Your Options by Jay Kaeppel
LONG STRADDLES
I am intrigued by the idea of buying a long straddle on stocks in the hope that a big price move will ensue. Do you have any suggestions?
A straddle involves buying a call and a put with the same strike price and expiration on a particular stock, index, or ETF ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-17004.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-12-48-51-explore-your-options-by-jay-kaeppel-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-12-48-51-explore-your-options-by-jay-kaeppel-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov426fufo1,d,"{""minimum-quantity"":""1"",""path"":""ch12d2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:12 (6–7): Futures For You by Carley Garner"",""caption-linebreaks"":""Futures For You by Carley Garner
MARGIN RATES
Why do different brokerages charge different margin rates for futures and options on futures?
You might have noticed that margin rates can vary widely by brokerage firm. This is true of overnight margins for both futures and options ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-16941.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-12-6-7-futures-for-you-by-carley-garner-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-12-6-7-futures-for-you-by-carley-garner-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov428ovst,d,"{""minimum-quantity"":""1"",""path"":""ch12d2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:12 (8–12): Overlooked Strategy Rules by Perry J. Kaufman"",""caption-linebreaks"":""Overlooked Strategy Rules by Perry J. Kaufman
If you’re only using a trend and a stop-loss, you’re missing out on a lot.
Some rules, such as the trend calculation period, a profit-taking level, or stop-loss ATR can be optimized for each market. I prefer a more general approach ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-16947.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-12-8-12-overlooked-strategy-rules-by-perry-j-kaufman-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-12-8-12-overlooked-strategy-rules-by-perry-j-kaufman-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov421ma10,d,"{""minimum-quantity"":""1"",""path"":""ch13bis2012"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:13 (14–17): MACD 101 by Jeffrey Gibby"",""caption-linebreaks"":""MACD 101 by Jeffrey Gibby
You see it on charts, but do you understand what goes into the calculation of it? Here’s a guide to using and interpreting the MACD.
The MACD, or moving average convergence-divergence, was created by Gerald Appel in the 1970s. It has been a popular indicator over the decades, used in charts by many traders and technical analysts ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-20492.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-13-14-17-macd-101-by-jeffrey-gibby-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-13-14-17-macd-101-by-jeffrey-gibby-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov421pran,d,"{""minimum-quantity"":""1"",""path"":""ch13bis2012"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:13 (18–21): Pros And Cons Of Daily Versus Weekly Trend Following by Perry J. Kaufman"",""caption-linebreaks"":""Pros And Cons Of Daily Versus Weekly Trend Following by Perry J. Kaufman
Weekly data is smoother than daily data. So should we be using weekly data for trend-following signals? Here’s a test to find out.
Alot of us are trend followers. We believe that long-term trends reflect the way the economy moves. Those moves are most often orchestrated by the Federal Reserve’s interest rate policy, which tends to be repetitious: steady increases to fight inflation, steady decreases to stimulate the economy ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-20489.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-13-18-21-pros-and-cons-of-daily-versus-weekly-trend-following-by-perry-j-kaufman-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-13-18-21-pros-and-cons-of-daily-versus-weekly-trend-following-by-perry-j-kaufman-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov422unbu,d,"{""minimum-quantity"":""1"",""path"":""ch13bis2012"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:13 (22–25): Understanding The Bullish Percent Index by Stella Osoba, CMT"",""caption-linebreaks"":""Understanding The Bullish Percent Index by Stella Osoba, CMT
How bullish or bearish is the market at any point? Is a current market trend likely to continue or reverse? Comparing the current number of buy signals to the current number of sell signals in a market of stocks provides an easy indication of the general bullishness or bearishness of that market, as well as whether that market is reaching an overbought or oversold saturation point. And using a percentage-based scale such as the one discussed here gives you an index with levels you can read and interpret. Here’s how to use this indicator.
The bullish percent index is a simple way to get a snapshot of the overall health of the market. It is a breadth indicator that was first developed by Abe Cohan in the 1950s. It uses buy and sell signals in point-and-figure (P&F) charts to determine the general bullishness or bearishness of the components ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-18798.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-13-22-25-understanding-the-bullish-percent-index-by-stella-osoba-cmt-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-13-22-25-understanding-the-bullish-percent-index-by-stella-osoba-cmt-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov422tech,d,"{""minimum-quantity"":""1"",""path"":""ch13bis2012"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:13 (26–28): Testing ChatGPT’s Potential For Systematic Trading by Andrea Unger"",""caption-linebreaks"":""Testing ChatGPT’s Potential For Systematic Trading by Andrea Unger
Traders want to know: How can the new AI technologies be harnessed for their trading? Can they be used to help you create effective trading strategies? Here’s a look.
ChatGPT and similar AI products are undoubtedly the most talked-about tools of the moment, and they offer valuable and capable support in many ways. Artificial intelligence seems to have been dominating the scene of late, offering itself as a solid ally for solving all kinds of problems ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-18792.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-13-26-28-testing-chatgpt-s-potential-for-systematic-trading-by-andrea-unger-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-13-26-28-testing-chatgpt-s-potential-for-systematic-trading-by-andrea-unger-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov42220re,d,"{""minimum-quantity"":""1"",""path"":""ch13bis2012"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:13 (29–37): 2024 Readers’ Choice Awards by Technical Analysis, Inc."",""caption-linebreaks"":""2024 Readers’ Choice Awards by Technical Analysis, Inc.
We are pleased to present the Technical Analysis of STOCKS & COMMODITIES magazine 2024 Readers’ Choice Awards (RCA). Each year, we put before our readers a ballot of products and services related to technical analysis and trading. The following pages present the products and services you and your peers chose this year as your favorites.
The Readers’ Choice Awards begins each year with a list of products gathered by the editors of STOCKS & COMMODITIES, with space for write-in votes (given that our list doesn’t claim to be complete). Then, to find out what our readers find to be the most useful for their trading, we ask them to choose their favorite products or the ones they find most useful from various categories by going to our website, Traders.com, and filling out the survey there ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-18810.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-13-29-37-2024-readers-choice-awards-by-technical-analysis-inc-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-13-29-37-2024-readers-choice-awards-by-technical-analysis-inc-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov42320sc,d,"{""minimum-quantity"":""1"",""path"":""ch13bis2012"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:13 (38–41): 2023 S&C Articles by Technical Analysis, Inc."",""caption-linebreaks"":""2023 S&C Articles by Technical Analysis, Inc.
If you weren’t subscribing to Technical Analysis of STOCKS & COMMODITIES, The Traders’ Magazine, throughout 2023, you missed out on a lot of information. Here is some of what you missed ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-18804.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-13-38-41-2023-s-c-articles-by-technical-analysis-inc-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-13-38-41-2023-s-c-articles-by-technical-analysis-inc-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov42425re,d,"{""minimum-quantity"":""1"",""path"":""ch13bis2012"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:13 (42–43, 25): A Retrospective: Interviews by Technical Analysis, Inc."",""caption-linebreaks"":""A Retrospective: Interviews by Technical Analysis, Inc.
In this 2024 Bonus Issue of Technical Analysis of STOCKS & COMMODITIES magazine, we wanted to take a look back at some of the wisdoms and insights offered by those we’ve interviewed for this magazine, going back to the very early days of this magazine. Over our four decades of publishing this magazine, we’ve presented interviews with hundreds of analysts, technicians, traders, and educators—people who have a lot to teach us about trading and market analysis, from years ago up through the present. Such an extensive slate of interviews over the years has captured some of the best trading and investing wisdoms to be found.
The interviews we’re quoting here date back to the years 1986 through 1988. This retrospective is both a glimpse into a past trading era (some comments may or may not sound dated!) as well as a demonstration of how well some of their wisdoms have stood the test of time and are truly meaningful, even today. The people we’re quoting here have been very influential in the trading world, and for good reason ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-18774.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-13-42-43-25-a-retrospective-interviews-by-technical-analysis-inc-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-13-42-43-25-a-retrospective-interviews-by-technical-analysis-inc-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov424bofo,d,"{""minimum-quantity"":""1"",""path"":""ch13bis2012"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:13 (44): Books For Traders by Technical Analysis, Inc."",""caption-linebreaks"":""Books For Traders by Technical Analysis, Inc.
The following selection of book descriptions represents a sampling of recent book releases in the investing field. Books described here may be from some of the major book publishers as well as some independent book publishers. These are not critical reviews or editorial evaluations, but rather a brief look at the book marketplace to help keep readers up to date on new or recent book offerings. This month:
Taxes For Dummies, 2024 Edition by Eric Tyson and Margaret A. Munro
J.K. Lasser’s Your Income Tax 2024: For Preparing Your 2023 Tax Return by J.K. Lasser
Mastering The Mental Game Of Trading by Steven Goldstein
Any Happy Returns: Structural Changes And Super Cycles In Markets by Peter C. Oppenheimer
The Missing Billionaires: A Guide To Better Financial Decisions by Victor Haghani and James White"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-18771.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-13-44-books-for-traders-by-technical-analysis-inc-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-13-44-books-for-traders-by-technical-analysis-inc-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov42625en,d,"{""minimum-quantity"":""1"",""path"":""ch13bis2012"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 42:13 (6–13, 25): Enhanced Technical Indicator Analysis Using Machine Learning by Domenico D’Errico"",""caption-linebreaks"":""Enhanced Technical Indicator Analysis Using Machine Learning by Domenico D’Errico
We’ll take some example trading strategies based on technical analysis indicators and analyze the results from the new perspective of today’s artificial intelligence capabilities. What can that tell us? And what does it suggest for the future of technical analysis?
Integrating machine learning with technical indicators in trading can be a game-changer, yet this won’t be just another article advocating for how AI will revolutionize the trading ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-20480.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-13-6-13-25-enhanced-technical-indicator-analysis-using-machine-learning-by-domenico-d-errico-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-42-13-6-13-25-enhanced-technical-indicator-analysis-using-machine-learning-by-domenico-d-errico-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov431fufo,d,"{""minimum-quantity"":""1"",""path"":""ch1j2016"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 43:01 (19): Futures For You by Carley Garner"",""caption-linebreaks"":""Futures For You by Carley Garner
TRADING FOR A LIVING
How likely is it to successfully trade for a living?
I wish it weren’t true, but the odds of someone being able to solely trade futures and options, or even stocks, forex, etc., for a living are slim ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-21600.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-43-01-19-futures-for-you-by-carley-garner-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-43-01-19-futures-for-you-by-carley-garner-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov43229co,d,"{""minimum-quantity"":""1"",""path"":""ch1j2016"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 43:01 (20–23, 29): Combining Bollinger Bands And RSI For Smarter Entries & Exits by Azeez Mustapha"",""caption-linebreaks"":""Combining Bollinger Bands And RSI For Smarter Entries & Exits by Azeez Mustapha
Elevate your trading strategy through enhanced signal optimization using Bollinger Bands and RSI along with a moving average. Here’s how.
Imagine the market as a tug-of-war, with bulls (optimistic buyers) pulling on one end and bears (pessimistic sellers) on the other. When these forces are evenly matched, prices tend to fluctuate within a defined range, creating uncertainty for traders ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-21606.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-43-01-20-23-29-combining-bollinger-bands-and-rsi-for-smarter-entries-exits-by-azeez-mustapha-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-43-01-20-23-29-combining-bollinger-bands-and-rsi-for-smarter-entries-exits-by-azeez-mustapha-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov432inco,d,"{""minimum-quantity"":""1"",""path"":""ch1j2016"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 43:01 (24–29): Interview: A Conversation With Buff Pelz Dormeier by S&C Staff"",""caption-linebreaks"":""Interview: A Conversation With Buff Pelz Dormeier by S&C Staff
Buff Pelz Dormeier is a financial advisor with expertise in volume analysis. He is chief technical analyst for Kingsview Partners. As a portfolio manager for Kingsview Partners as well, he designs customized portfolio strategies for advisors and their clientele using portfolio analytics to create goals-based investment strategies. Dormeier is also an index specialist with Monarch Funds. Monarch Funds are advised by Kingsview Wealth Management LLC, an SEC-registered investment adviser ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-21612.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-43-01-24-29-interview-a-conversation-with-buff-pelz-dormeier-by-s-c-staff-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-43-01-24-29-interview-a-conversation-with-buff-pelz-dormeier-by-s-c-staff-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov433goet,d,"{""minimum-quantity"":""1"",""path"":""ch1j2016"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 43:01 (30–37): Gold ETFs: Is It A Good Time To Buy This Flashy Metal? by Leslie N. Masonson"",""caption-linebreaks"":""Gold ETFs: Is It A Good Time To Buy This Flashy Metal? by Leslie N. Masonson
Gold had a stellar year. Could this asset be the place to be for the next few years? Here, we present a survey of gold-based ETFs and review some statistics and comparative return data to help you decide whether an allocation to one or some of these ETFs may be suitable for your portfolio and for your diversification purposes.
In 2024, gold had a “brilliant” year by producing multiple new all-time highs throughout the year. Between the start of 2024 and October 31, 2024, the price of gold soared 34.7%, outpacing gains in both the S&P 500 ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-21618.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-43-01-30-37-gold-etfs-is-it-a-good-time-to-buy-this-flashy-metal-by-leslie-n-masonson-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-43-01-30-37-gold-etfs-is-it-a-good-time-to-buy-this-flashy-metal-by-leslie-n-masonson-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov433exyo,d,"{""minimum-quantity"":""1"",""path"":""ch1j2016"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 43:01 (38–40): Explore Your Options by Jay Kaeppel"",""caption-linebreaks"":""Explore Your Options by Jay Kaeppel
THE BEST STRIKE PRICE WHEN BUYING A CALL OPTION?
I am bullish on a high-priced stock over the next two months but can’t commit the capital to buy 100 shares. I am looking at call options but am unsure which strike price to buy. Are there any guidelines?
Guidelines, yes. Hard and fast rules, no ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-43-01-38-40-explore-your-options-by-jay-kaeppel-4.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-43-01-38-40-explore-your-options-by-jay-kaeppel-7.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-43-01-38-40-explore-your-options-by-jay-kaeppel-8.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov43437al,d,"{""minimum-quantity"":""1"",""path"":""ch1j2016"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 43:01 (41, 37): Algo Q&A by Kevin J. Davey"",""caption-linebreaks"":""Algo Q&A by Kevin J. Davey
A CRITICAL LOOK AT A STRATEGY
I’ve spent the last two months developing a coffee strategy (see Figure 1). I wanted to know what you think of it?
Thanks for the question. Where do I start? I have a ton of concerns and questions about this strategy ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-21627.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-43-01-41-37-algo-q-a-by-kevin-j-davey-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-43-01-41-37-algo-q-a-by-kevin-j-davey-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov434sate,d,"{""minimum-quantity"":""1"",""path"":""ch1j2016"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 43:01 (42–44): The Savvy Technician by Stella Osoba, CMT"",""caption-linebreaks"":""The Savvy Technician by Stella Osoba, CMT
IS THE PRESIDENTIAL CYCLE STILL RELEVANT TODAY FOR STOCK MARKET ANALYSIS?
Cycle analysis attempts to impose some order on stock market behavior. The presidential cycle is one of the more popularly studied cycles ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-43-01-42-44-the-savvy-technician-by-stella-osoba-cmt-4.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-43-01-42-44-the-savvy-technician-by-stella-osoba-cmt-7.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-43-01-42-44-the-savvy-technician-by-stella-osoba-cmt-8.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov43451st,d,"{""minimum-quantity"":""1"",""path"":""ch1j2016"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 43:01 (45, 51): Strategy Corner by Dave Mabe"",""caption-linebreaks"":""Strategy Corner by Dave Mabe
THE SMART WAY TO SCALE UP A STRATEGY
Garrett, a trader with a proprietary trading firm, asks (used with per-mission):
“How do you determine when to increase the risk per trade on your model?”
Great question because so many traders do the wrong thing and shoot themselves in the foot ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-21636.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-43-01-45-51-strategy-corner-by-dave-mabe-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-43-01-45-51-strategy-corner-by-dave-mabe-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov434trti,d,"{""minimum-quantity"":""1"",""path"":""ch1j2016"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 43:01 (46–51): Traders’ Tips by Technical Analysis, Inc."",""caption-linebreaks"":""Traders’ Tips by Technical Analysis, Inc.
For this month’s Traders’ Tips, the focus is John Ehlers’ article in this issue, “Linear Predictive Filters And Instantaneous Frequency.” Here, we present the January 2025 Traders’ Tips code with possible implementations in various software.
The code for the following Traders’ Tips selections is posted here:
• Traders.com > Home–S&C Magazine > Traders’ Tips
At Traders.com you can also right-click on any chart to open it in a new tab or window and view the chart at a much larger size.
The Traders’ Tips section is provided to help readers implement a selected technique from an article in this issue or another recent issue. The entries here are contributed by software developers or programmers for software that is capable of customization."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-21642.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-43-01-46-51-traders-tips-by-technical-analysis-inc-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-43-01-46-51-traders-tips-by-technical-analysis-inc-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov436mara,d,"{""minimum-quantity"":""1"",""path"":""ch1j2016"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 43:01 (6–7): Market Rap by Emilio Tomasini"",""caption-linebreaks"":""Market Rap by Emilio Tomasini
TRADING CONTESTS (PART 2 OF 2)
Last time in part 1 of this look at trading contests, I explored the motivations that drive retail traders to participate in trading contests. The reasons, all legitimate, include pursuing self-improvement, gaining social recognition, and promoting their products/services/software ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-21588.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-43-01-6-7-market-rap-by-emilio-tomasini-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-43-01-6-7-market-rap-by-emilio-tomasini-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov438lipr,d,"{""minimum-quantity"":""1"",""path"":""ch1j2016"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 43:01 (8–18): Linear Predictive Filters And Instantaneous Frequency by John F. Ehlers"",""caption-linebreaks"":""Linear Predictive Filters And Instantaneous Frequency by John F. Ehlers
Unless your technical analysis indicator can adapt to shifts in the dominant cycle of the data, the indicator is doomed to failure. How can you adaptively tune your indicators and strategy algorithms to changing market conditions, making them much more effective and reliable? How can you know when the market is in a state of high predictability? We’ll find out.
SPOILER ALERT: We are going to take a relatively deep dive into DSP (digital signal processing) in this article. But the dive will be worth it because it will answer the most vexing question of technical traders ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-21594.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-43-01-8-18-linear-predictive-filters-and-instantaneous-frequency-by-john-f-ehlers-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-43-01-8-18-linear-predictive-filters-and-instantaneous-frequency-by-john-f-ehlers-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov43115fu,d,"{""minimum-quantity"":""1"",""path"":""ch2f2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 43:02 (16, 15): Futures For You by Carley Garner"",""caption-linebreaks"":""Futures For You by Carley Garner
MARKET VOLATILITY
How can a business possibly cope with commodity market volatility?
Unfortunately, the commodity business is one of euphoric highs and gut-wrenching lows; it always has been ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-21668.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-43-02-16-15-futures-for-you-by-carley-garner-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-43-02-16-15-futures-for-you-by-carley-garner-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov431alqa,d,"{""minimum-quantity"":""1"",""path"":""ch2f2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 43:02 (17): Algo Q&A by Kevin J. Davey"",""caption-linebreaks"":""Algo Q&A by Kevin J. Davey
PROP FIRMS
What is your opinion on prop firms for trading?
Terrific question, as “prop” firms are sprouting up like weeds. Ten years ago there were only a handful of these firms ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-43-02-17-algo-q-a-by-kevin-j-davey-4.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-43-02-17-algo-q-a-by-kevin-j-davey-7.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-43-02-17-algo-q-a-by-kevin-j-davey-8.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov431alin,d,"{""minimum-quantity"":""1"",""path"":""ch2f2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 43:02 (18–23): The All-Season Income Strategy by Ken Huck & Nelson Huck"",""caption-linebreaks"":""The All-Season Income Strategy by Ken Huck & Nelson Huck
Many investors only consider “growth” for their investments. Don’t let the word “income” deter you from considering this strategy. It is possible to obtain outstanding returns, with extremely low volatility, by rotating among a family of income funds that have their own unique seasons. Take a look.
In our previous article, “Trade High-Yield Bond Funds Using EMAs” (February 2023), we demonstrated it is possible to obtain excellent returns, with limited risk, using only high-yield bond funds ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-21679.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-43-02-18-23-the-all-season-income-strategy-by-ken-huck-nelson-huck-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-43-02-18-23-the-all-season-income-strategy-by-ken-huck-nelson-huck-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov43229ch,d,"{""minimum-quantity"":""1"",""path"":""ch2f2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 43:02 (24–27, 29): Chasing The Market by Perry J. Kaufman"",""caption-linebreaks"":""Chasing The Market by Perry J. Kaufman
Can you make money after a big move up?
Along with most traders, I can be frustrated by watching stocks that jump 10% or even 15% when I’m not in them. Does it mean that prices will go higher? Or does it mean that it’s the top and I should be selling ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-21685.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-43-02-24-27-29-chasing-the-market-by-perry-j-kaufman-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-43-02-24-27-29-chasing-the-market-by-perry-j-kaufman-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov432stco,d,"{""minimum-quantity"":""1"",""path"":""ch2f2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 43:02 (28–29): Strategy Corner by Dave Mabe"",""caption-linebreaks"":""Strategy Corner by Dave Mabe
MAKE YOUR BACKTESTING MORE EFFICIENT
How do you set up your backtest to get answers quickly?
I talk to many traders who rely on backtesting to create their trading edge ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-21691.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-43-02-28-29-strategy-corner-by-dave-mabe-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-43-02-28-29-strategy-corner-by-dave-mabe-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov433trin,d,"{""minimum-quantity"":""1"",""path"":""ch2f2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 43:02 (30–33): Trading Indicators: Exploring The Potential Of ADX To Boost Trend-Following Strategies On DAX Futures by Andrea Unger"",""caption-linebreaks"":""Trading Indicators: Exploring The Potential Of ADX To Boost Trend-Following Strategies On DAX Futures by Andrea Unger
Here, the potential for using the ADX indicator in an automated trend-following trading system is demonstrated and applied to trading stock index futures.
In this article, we’ll delve into one of my favorite indicators: the ADX ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-21697.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-43-02-30-33-trading-indicators-exploring-the-potential-of-adx-to-boost-trend-following-strategies-on-dax-futures-by-andrea-unger-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-43-02-30-33-trading-indicators-exploring-the-potential-of-adx-to-boost-trend-following-strategies-on-dax-futures-by-andrea-unger-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov433wiai,d,"{""minimum-quantity"":""1"",""path"":""ch2f2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 43:02 (34–37): Will AI Ever Be Useful For Technical Analysis? Part 2: Technical Analysis Advice From ChatGPT by Greg Aharonian"",""caption-linebreaks"":""Will AI Ever Be Useful For Technical Analysis? Part 2: Technical Analysis Advice From ChatGPT by Greg Aharonian
AI models such as ChatGPT are capable of producing very sophisticated (or sophisticated-sounding) writings. But just how useful is the advice from an AI model for technical trading? Here’s a look.
In the past year or so, AI generative large language models (LLM) have received huge attention due to their ability to generate realistic images and videos. LLMs also generate sophisticated text, and they can also solve problems ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-21703.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-43-02-34-37-will-ai-ever-be-useful-for-technical-analysis-part-2-technical-analysis-advice-from-chatgpt-by-greg-aharonian-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-43-02-34-37-will-ai-ever-be-useful-for-technical-analysis-part-2-technical-analysis-advice-from-chatgpt-by-greg-aharonian-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov43341sa,d,"{""minimum-quantity"":""1"",""path"":""ch2f2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 43:02 (38–39, 41): The Savvy Technician by Stella Osoba, CMT"",""caption-linebreaks"":""Stocks & Commodities V. 43:02 (38–39, 41): The Savvy Technician by Stella Osoba, CMT
WHERE IS THE BEAR?
So, are bear markets inevitable?
Yes.
Just because they haven’t made their appearance in a while and we have gotten used to the status quo, it doesn’t mean that we have arrived at a new normal where the good times will go on forever ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-21709.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-43-02-38-39-41-the-savvy-technician-by-stella-osoba-cmt-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-43-02-38-39-41-the-savvy-technician-by-stella-osoba-cmt-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov434mara,d,"{""minimum-quantity"":""1"",""path"":""ch2f2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 43:02 (40–41): Market Rap by Emilio Tomasini"",""caption-linebreaks"":""Market Rap by Emilio Tomasini
PRICE TARGETS: A VOLATILE CONCEPT IN THE WORLD OF TECHNICAL ANALYSIS
In the financial world, price targets are among the most fickle tools in existence. Despite stringent regulations governing financial journalists and analysts, setting price targets ultimately boils down to little more than guesswork ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-21715.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-43-02-40-41-market-rap-by-emilio-tomasini-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-43-02-40-41-market-rap-by-emilio-tomasini-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov434trti1,d,"{""minimum-quantity"":""1"",""path"":""ch2f2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 43:02 (44–51): Traders’ Tips by Technical Analysis, Inc."",""caption-linebreaks"":""Traders’ Tips by Technical Analysis, Inc.
For this month’s Traders’ Tips, the focus is John Ehlers’ article in this issue, “Drunkard’s Walk: Theory And Measurement By Autocorrelation.” Here, we present the February 2025 Traders’ Tips code with possible implementations in various software.
The code for the following Traders’ Tips selections is posted here:
• Traders.com > Home–S&C Magazine > Traders’ Tips
At Traders.com you can also right-click on any chart to open it in a new tab or window and view the chart at a much larger size.
The Traders’ Tips section is provided to help readers implement a selected technique from an article in this issue or another recent issue. The entries here are contributed by software developers or programmers for software that is capable of customization."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-21721.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-43-02-44-51-traders-tips-by-technical-analysis-inc-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-43-02-44-51-traders-tips-by-technical-analysis-inc-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov43642ex,d,"{""minimum-quantity"":""1"",""path"":""ch2f2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 43:02 (6–7, 42): Explore Your Options by Jay Kaeppel"",""caption-linebreaks"":""Explore Your Options by Jay Kaeppel
DO BULL CALL SPREADS OFFER AN ADVANTAGE?
I keep reading that bull call spreads cost less than buying calls and may hold an advantage regarding time decay. Still, is it worth it to give up unlimited profit potential?
Like a lot of things regarding options, the answer is a definitive “it depends” ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-21656.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-43-02-6-7-42-explore-your-options-by-jay-kaeppel-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-43-02-6-7-42-explore-your-options-by-jay-kaeppel-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov438drwa,d,"{""minimum-quantity"":""1"",""path"":""ch2f2020"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V. 43:02 (8–15): Drunkard’s Walk: Theory And Measurement By Autocorrelation by John F. Ehlers"",""caption-linebreaks"":""Drunkard’s Walk: Theory And Measurement By Autocorrelation by John F. Ehlers
Here, we look at some of the basic issues that under-lie technical analysis itself. And we introduce a new indicator, called “autocorrelation,” you can use to test for correlation in the data.
Drunkard’s walk is a rather fanciful name for a random variable problem used to mathematically model financial price data ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-21662.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-43-02-8-15-drunkard-s-walk-theory-and-measurement-by-autocorrelation-by-john-f-ehlers-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-43-02-8-15-drunkard-s-walk-theory-and-measurement-by-autocorrelation-by-john-f-ehlers-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov4trtiby,d,"{""minimum-quantity"":""1"",""path"":""ch7j2012"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V.33:07 (49–55): Trader's Tips by Technical Analysis, Inc."",""caption-linebreaks"":""Trader's Tips by Technical Analysis, Inc.
For this month’s Traders’ Tips, the focus is mainly Vitali Apirine’s article that appeared in the April 2015 issue of Stocks & Commodities, “The Slow Relative Strength Index.” Other Traders’ Tips are based on different S&C articles as indicated. Here, we present the July 2015 Traders’ Tips code with possible implementations in various software.
The code for the following Traders’ Tips selections is posted here:
• Traders.com > Home–S&C Magazine > Traders’ Tips
(Or from Traders.com, scroll down to the current articles section and click on the Traders’ Tips tab.)
The Traders’ Tips section is provided to help the reader implement a selected technique from an article in this issue or another recent issue. The entries here are contributed by software developers or programmers for software that is capable of customization."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-33-07-49-55-trader-s-tips-by-technical-analysis-inc-25.gif"",""height"":""296"",""width"":""224""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-33-07-49-55-trader-s-tips-by-technical-analysis-inc-29.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v-33-07-49-55-trader-s-tips-by-technical-analysis-inc-30.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stoccomv135t,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-16-chapter-7"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V16:7 (356-357): Traders' Tips"",""caption-linebreaks"":""Here is this month’s selection of Traders' Tips, contributed by\nvarious developers of technical analysis software to help readers\nmore easily implement some of the strategies presented. Internet\nusers will also find these and some previous Traders' Tips on our\nhome page at http://www.traders.com.
WINDOW ON WALLSTREET
In \""A volatility trade in gold\"" in this issue, David Landry\ndescribes several volatility formulas. These formulas can be\nimplemented in Window On WallStreet Day Trader and Window\nOn WallStreet Professional Investor.
In Window On WallStreet, begin with any open chart on your\nscreen. Click the Indicator button on the toolbar, click New and\nenter the following formulas:"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v16-7-356-357-traders-tips-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v16-7-356-357-traders-tips-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v16-7-356-357-traders-tips-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stoccomv1let,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-16-chapter-7"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Stocks & Commodities V16:7: Letters"",""caption-linebreaks"":""The editors of S&C invite readers to submit their opinions and information on subjects\nrelating to technical analysis and this magazine. This column is our means of communication\nwith our readers. Is there something you would like to know more (or less) about? Have you\nrun across trading techniques, services or products that have proved useful? Tell us about\nit. Without a source of new ideas and subjects coming from our readers, this magazine would\nnot exist.
Address your correspondence to: Editor, STOCKS & COMMODITIES, 4757 California Ave.\nSW, Seattle, WA 98116-4499, or E-mail to editor@Traders.com. Letters published may be\nedited for length or clarity. The opinions expressed in this column do not necessarily\nrepresent those of the magazine. -Editor
VOLUME DATA AND RSI
Editor,\nI have always enjoyed your magazine. I\nhope that you can help clarify a couple\npoints about the implementation of\ntechniques presented in some of your\npast issues.
For indicators that are based on market\nvolume, my question is, which source\nfor volume information do I use? For\nexample, do I use the NYSE volume reported\non Yahoo! and PointCast, which\nmay be different from the NYSE volume\ngiven in the San Jose Mercury News,\nwhich is different from the NYSE volume\ngiven in the San Francisco Chronicle,\nand so on? I am talking about differences\nof 100 million or more. What gives here?
My other question deals with the relative\nstrength index (RSI). Can it be too\nhigh (indicating to sell rather than to\nbuy) or too low (indicating to buy rather\nthan to sell)? If so, what are some guideline\nvalues?
EJ RAIMONDI\nvia E-mail
I cannot vouch for your various data\nsources. It may be that the newspapers\nare working under a deadline and are\nsimply offering the last quote available\nbefore going to press. Since you have\naccess to the Internet, I would suggest\ngoing to Data Broadcasting's Web site,\nhttp://www.dbc.com, and enter the symbol\n$TVOL in the \""Get quotes\"" window.
Regarding how to apply the relative\nstrength index, please see my November\n1997 article, \""Using Fibonacci ratios\nand momentum,\"" which discusses\ncalculating retracement levels using Fibonacci\nlevels and momentum, as well\nas using RSI levels to define a trend. The\nfact is, when price is persistently trending\nup or down, there are no perfect RSI values. The market will stay overbought\nor oversold during a trend. -Editor"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v16-7-letters-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v16-7-letters-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/stocks-commodities-v16-7-letters-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
subscribe,d,"{""minimum-quantity"":""1"",""path"":""index"",""template"":""storetemplate."",""ysw-page-title"":""Subscribe"",""imageFields"":{},""relations"":[]}"
syve3seonst,d,"{""minimum-quantity"":""1"",""path"":""arpa"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Sylvain Vervoort's 3-part Series on Stops (package)"",""caption-linebreaks"":""In this series of three articles, we will look at initial stop methods and compare trailing-stop methods using a fixed- percentage trailing stop, an average true range (Atr) trailing stop, a modified Atr trailing stop, and Tr&nds (read Trends), a “trailing resistance and support” stop. These 3 articles have been packaged into a single PDF file:
\""Using Initial and Trailing Stops\"", Vervoort, May 2009
\n\""Average True Range Trailing Stops\"", Vervoort, June 2009
\n\""Trailing Resistance and Support Stops\"", Vervoort, July 2009"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/sylvain-vervoort-s-3-part-series-on-stops-package-24.gif"",""height"":""180"",""width"":""130""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/sylvain-vervoort-s-3-part-series-on-stops-package-25.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/sylvain-vervoort-s-3-part-series-on-stops-package-26.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
tocroprabrpa,d,"{""minimum-quantity"":""1"",""path"":""hotdeals"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Toby Crabel Opening Range Breakout Package"",""caption-linebreaks"":""TOBY CRABEL OPENING RANGE BREAKOUT ARTICLES FROM THE S&C ONLINE STORE!
This set of eight PDF articles from our Online Store is packaged for your convenience. Written by Toby Crabel, this exceptionally helpful 8-article series on playing the opening range breakout is a favorite of S&C readers."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/toby-crabel-opening-range-breakout-package-22.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/toby-crabel-opening-range-breakout-package-25.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/toby-crabel-opening-range-breakout-package-26.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
trtibyteanin,d,"{""minimum-quantity"":""1"",""path"":""ch10o20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Traders’ Tips by Technical Analysis, Inc."",""caption-linebreaks"":""Traders’ Tips by Technical Analysis, Inc.
This month's selection of tips includes:
TradeStation, MetaStock, AmiBroker, eSignal,WealthLab, NeuroShell, NeoTicker, TradingSolutions, AIQ Expert Design Studio, Investor/RT, and Financial Data Calculator code for the \""Bull And Bear Balance Indicator\"" by Vadim Gimelfarb."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/traders-tips-by-technical-analysis-inc-20.gif"",""height"":""255"",""width"":""198""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/traders-tips-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/traders-tips-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
trmoavsyimch,d,"{""minimum-quantity"":""1"",""path"":""faarfr2014"",""ysw-page-title"":""Trading A Moving Average System: Important Choices by Perry J. Kaufman"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/thumbnail-21724.gif"",""height"":""360"",""width"":""272""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/trading-a-moving-average-system-important-choices-by-perry-j-kaufman-1.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/trading-a-moving-average-system-important-choices-by-perry-j-kaufman-2.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
trarpap,d,"{""minimum-quantity"":""1"",""path"":""hotdeals"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""Trend Article 10-Pack (package)"",""caption-linebreaks"":""TEN CLASSIC TREND ARTICLES FROM THE S&C ONLINE STORE!
This set of ten PDF articles from our Online Store is packaged for your convenience. Written by some of the brightest technicians today, these articles, culled from nearly two decades of STOCKS & COMMODITIES, are exceptionally useful reading, covering a variety of aspects of understanding trend -- one of the most important factors in successful trading.
You'll get:
TREND OF THE TREND, by Gregory L. Morris\nEARLY TREND IDENTIFICATION, by John F. Ehlers\nWHAT IS A TREND, ANYWAY?, by John Sweeney\nFUTURES ACCORDING TO TREND TENDENCY, by E. Michael Poulos\nTHE RANDOM WALK INDEX. Sidebar\nSTOCKS ACCORDING TO TREND TENDENCY, by Stuart Meibuhr\nRATING TREND STRENGTH, by Tushar S. Chande\nTRADING THE TREND, by Andrew Abraham\nPICKING OUT YOUR TRADING TREND, by Martin J. Pring\nDETECTING TREND DIRECTION AND STRENGTH, by Barbara Star"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/trend-article-10-pack-package-22.gif"",""height"":""262"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/trend-article-10-pack-package-25.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/trend-article-10-pack-package-26.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1044tradtip,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-10"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 10:10 (447-447): Traders' Tips by Technical Analysis, Inc."",""caption-linebreaks"":""Traders' Tips by Technical Analysis, Inc.
MetaStock Professional 3.0 The Discount Rate/T-Bill Spread"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-10-447-447-traders-tips-by-technical-analysis-inc-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-10-447-447-traders-tips-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-10-447-447-traders-tips-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1049tradtip,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-11"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 10:11 (498-498): Traders' Tips by Technical Analysis, Inc."",""caption-linebreaks"":""Traders' Tips by Technical Analysis, Inc.
MICROSOFT EXCEL 3.0
Here's a method to calculate and plot a trendline from the data in a spreadsheet. A trendline is a straight\nline that is a plot of rise over run. The run calculation is easy to do because the run is equidistant between\nthe values on the X-axis (time). Finding the rise requires identifying the difference between the two\nhighest points (for a downward trendline) or the two lowest points (for an uptrend). Excel can locate\nthese values. Our example will be for a downward trendline (Figure 1). The first step is to plot the data\n(such as a close-only chart) so you can estimate where the high or low values may be. In our example,\nusing the closing price of the Dow Jones Transportation Average (DJTA), the high closing value appears\nto be near early June. In my spreadsheet, this is in the range of cells B35 to B53. Return to the\nspreadsheet and use the following formula for returning the highest value from a range of cells."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-11-498-498-traders-tips-by-technical-analysis-inc-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-11-498-498-traders-tips-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-11-498-498-traders-tips-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1054tradtip,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-12"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 10:12 (549-549): Traders' Tips by Technical Analysis, Inc."",""caption-linebreaks"":""Traders' Tips by Technical Analysis, Inc.
METASTOCK PROFESSIONAL AND CANDLESTICKS
Candlestick charts are still new to traders in the U.S. Here's a method to assist you in identifying specific\ncandlestick patterns in MetaStock Professional.
Candlestick patterns use the open, high, low and closing prices, and so your data will need all four to\ncorrectly plot a candlestick pattern. The opening and close for the day define the body of the candlestick,\nwhile low and high are the thin lines that extend beyond the body. The thin lines are called the shadows.\nIf the market closes above the opening, the body is empty or white. Closes below the opening will have a\nblack or filled-in body. Three important candlestick patterns are the bullish engulfing line (large white\nbody engulfing a small black body), the bearish engulfing line (large black body engulfing a small white\nbody), and the doji (open and closing price are the same)."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-12-549-549-traders-tips-by-technical-analysis-inc-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-12-549-549-traders-tips-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-12-549-549-traders-tips-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1055lettosc,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-12"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 10:12 (550-550): Letters To S&C by Technical Analysis, Inc."",""caption-linebreaks"":""Letters To S&C by Technical Analysis, Inc.
GANN-DO ATTITUDE
Editor,
January's article, \""The Gann Quarterly Chart,\"" was the best article I have read in nine months. I can use it\nfor buying and selling mutual funds for long-term investing.\nI would appreciate more articles simply written with actual buy and sell dates for long and intermediate\ninvesting.\nCould you explain the difference between a 50-day moving average and a 10-week moving average?
DAVID PORTNEY Staten Island, NY
The moving average, a mathematical procedure to smooth or eliminate the fluctuations in data,\nemphasizes the direction of a trend and confirms trend reversals, thereby assisting the user in\ndetermining when to buy and sell.\nThe simple moving average is the arithmetic mean or average of a series of prices over a period of time.\nThe longer the period of time studied (i.e., the larger the denominator of the average), the less impact an\nindividual data point has on the average. To find a five-day average, take the sum of the prices from days\n1 to 5 and divide by 5. Repeat and plot for a moving average.\nThe 50-day moving average uses 50 data items (the daily closes), whereas the 10-week moving average\nuses only 10 data items (the Friday closes). In effect, the 50-day average provides more information and\nmay pick up on trend changes sooner, but the 10-week may filter out false breakouts and other\nmisleading data spikes that may occur during the week.
—Editor"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-12-550-550-letters-to-s-c-by-technical-analysis-inc-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-12-550-550-letters-to-s-c-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-12-550-550-letters-to-s-c-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1055revfree,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-13"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 10:13 (555-556): Review Freebies! by John Sweeney"",""caption-linebreaks"":""Review Freebies! by John Sweeney
People think reviewers have it made in the shade. \""Freebies!\"" they think. Little do they know. In fact,\nbeing a reviewer is a large pain in the ass. Novice reviewers abound—until they do a few and decide\nthey're tired of it. Professional reviewers learn to live with discomfort.
SHIPPING
First of all, just getting \""all that free hardware and software\"" is a problem. Usually you are set up by the\nmarketing department, which means you bypass the company's normal customer contact people who are\nexperienced—even good at—delivering the goods and answering questions. Instead, someone's secretary\ngets the unenviable job of getting your equipment/software, mailing it to you and, in the case of data\nservices, turning on our account or, more likely, not turning it on.
RECEIVING
On your end, you get the 300-page manual and materials and start reading at the installation page. A\nquestion comes up; you dial the number in the manual for service. The service department has never\nheard of you and suspects you of ripping off the company. It turns out that your account is a back-door\naccess available only to insiders. Make another call to marketing to vouch for you to customer service.\nWait for the company to make you visible to customer service. Ask customer service the original\nquestions. Then see if the installation actually works. Don't let this uncertainty influence your review\nunduly."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-555-556-review-freebies-by-john-sweeney-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-555-556-review-freebies-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-555-556-review-freebies-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1056sidrefo,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-13"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 10:13 (564-565): SIDEBAR: REFLECTION OF CHANGES by Technical Analysis, Inc."",""caption-linebreaks"":""REFLECTION OF CHANGES by Technical Analysis, Inc.
Reflection of Changes by —Thomas A. Meyers, The Technical Analysis Course"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-564-565-sidebar-reflection-of-changes-by-technical-analysis-inc-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-564-565-sidebar-reflection-of-changes-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-564-565-sidebar-reflection-of-changes-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1056quicbyt,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-13"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 10:13 (567-567): Quick-Scans by Techncial Analysis, Inc."",""caption-linebreaks"":""Quick-Scans by Techncial Analysis, Inc.
CLIENTWATCH, VERSION 2.0\nAustin Associates\n1438 Dry Creek Circle\nDerby, KS 67037\n(316) 788-3255\nContacts: Ted Austin, Patty Austin\nPrice: $98"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-567-567-quick-scans-by-techncial-analysis-inc-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-567-567-quick-scans-by-techncial-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-567-567-quick-scans-by-techncial-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1056quicbyt1,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-13"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 10:13 (568-569): Quick-Scans by Technical Analysis, Inc."",""caption-linebreaks"":""Quick-Scans by Technical Analysis, Inc.
GLOBAL PORTFOLIOS\nQuantitative Strategies for Maximum Performance\nBusiness One Irwin\n1818 Ridge Road\nHomewood, IL 60430 (800) 841-8000\nEditors: Robert Z. Aliber\nand Brian R. Bruce\nPrice: $75\n350 pages, 1991"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-568-569-quick-scans-by-technical-analysis-inc-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-568-569-quick-scans-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-568-569-quick-scans-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1057quicbyt,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-13"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 10:13 (570-570): Quick-Scans by Technical Analysis, Inc."",""caption-linebreaks"":""Quick-Scans by Technical Analysis, Inc.
RELATIVE DIVIDEND YIELD\nCommon stock investing for income and appreciation\nJohn Wiley & Sons\n605 Third Avenue New York, NY 10158\n(212) 850-6497\nAuthor: Anthony E. Spare with Nancy C. Tengler\nPrice: $39.95\nPublished 1992, 276 pages"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-570-570-quick-scans-by-technical-analysis-inc-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-570-570-quick-scans-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-570-570-quick-scans-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1057quicbyt1,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-13"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 10:13 (570-571): Quick-Scans by Technical Analysis, Inc."",""caption-linebreaks"":""Quick-Scans by Technical Analysis, Inc.
STAYING WITH DOS\nHow to get the most from your computer without changing your operating system\nVentana Press, Inc.\nP.O. Box 2468\nChapel Hill, NC 27515\n(919) 942-0220\nAuthor: Dan Gookin\nPublished 1990\n293 pages, $22.95"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-570-571-quick-scans-by-technical-analysis-inc-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-570-571-quick-scans-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-570-571-quick-scans-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1057sidtraf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-13"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 10:13 (572-572): SIDEBAR: TRAFFIC CONGESTION by Technical Analysis, Inc."",""caption-linebreaks"":""TRAFFIC CONGESTION by Technical Analysis, Inc.
—Edwin Lefevre, Reminiscences of a Stock Operator"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-572-572-sidebar-traffic-congestion-by-technical-analysis-inc-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-572-572-sidebar-traffic-congestion-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-572-572-sidebar-traffic-congestion-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1057quicbyt2,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-13"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 10:13 (573-574): Quick-Scans by Technical Analysis, Inc."",""caption-linebreaks"":""Quick-Scans by Technical Analysis, Inc.
WALL STREET WORDS\nThe Basics and Beyond\nProbus Publishing\n1925 N. Clybourn St.\nChicago, IL 60614\n(800) PROBUS-1\nAuthor: Richard J. Maturi\nPublished 1991\n169 pages, $14.95"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-573-574-quick-scans-by-technical-analysis-inc-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-573-574-quick-scans-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-573-574-quick-scans-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1057quicbyt3,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-13"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 10:13 (574-574): Quick-Scans by Technical Analysis, Inc."",""caption-linebreaks"":""Quick-Scans by Technical Analysis, Inc.
FINANCIAL FUTURES AND OPTIONS\nManaging Risking the Interest Rate, Currency and Equity Markets\nProbus Publishing\n1925 N. Clybourn\nChicago, IL 60614\n(800) 969-8878\nAuthor: Ira G. Kawaller\nPrice: $65, 286 pages"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-574-574-quick-scans-by-technical-analysis-inc-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-574-574-quick-scans-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-574-574-quick-scans-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1057sidpati,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-13"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 10:13 (574-574): SIDEBAR: PATIENCE IS A VIRTUE by Technical Analysis, Inc."",""caption-linebreaks"":""SIDEBAR: PATIENCE IS A VIRTUE by Technical Analysis, Inc.
Patience is a virtue by —William J. O'Neil\n\""How to Make Money in Stocks\"""",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-574-574-sidebar-patience-is-a-virtue-by-technical-analysis-inc-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-574-574-sidebar-patience-is-a-virtue-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-574-574-sidebar-patience-is-a-virtue-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1058quicbyt,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-13"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 10:13 (581-582): Quick-Scans by Technical Anaylsis, Inc."",""caption-linebreaks"":""Quick-Scans by Technical Anaylsis, Inc.
OPTION SIMULATOR & OTC OPTION SIMULATOR\nBay Options\n1235 Walnut Street\nBerkeley, CA 94709\nPhone: (510) 845-6425, fax (510) 704-0322\nProduct: Option simulator and evaluation capability for U.S. exchange-listed options,\nEuropean/Asian options and over-the-counter options.\nPrice: 8425\nEquipment: Dos machine with 64OK running Microsoft Windows 3.x or better with a mouse.\nHard-disk drive with 3.1+ megabytes (MB)."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-581-582-quick-scans-by-technical-anaylsis-inc-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-581-582-quick-scans-by-technical-anaylsis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-581-582-quick-scans-by-technical-anaylsis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1058sidexfu,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-13"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 10:13 (581-582): SIDEBAR: EXCEL FUNCTIONS by Technical Analysis, Inc."",""caption-linebreaks"":""EXCEL FUNCTIONS by Technical Analysis, Inc.
For $325, Bay Options will make available to you what looks to be its own series of Excel worksheets\nthat allow you to make up daily trading sheets as shown here (sidebar Figure 1)."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-581-582-sidebar-excel-functions-by-technical-analysis-inc-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-581-582-sidebar-excel-functions-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-581-582-sidebar-excel-functions-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1058sidsitt,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-13"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 10:13 (587-588): SIDEBAR: SIT TIGHT by Technical Analysis, Inc."",""caption-linebreaks"":""SIT TIGHT by Technical Analysis, Inc.
Sit Tight by —Edwin Lefevre\nReminiscences of a Stock Operator"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-587-588-sidebar-sit-tight-by-technical-analysis-inc-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-587-588-sidebar-sit-tight-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-587-588-sidebar-sit-tight-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1058sidtelp,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-13"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 10:13 (588-590): SIDEBAR: TELESCAN PROSEARCH INDICATORS by Technical Analysis, Inc."",""caption-linebreaks"":""TELESCAN PROSEARCH INDICATORS by Technical Analysis, Inc.
ProSearch lets you select and weigh more than 100 criteria to define your search to meet your goals.
Fundamental Indicators
Stock Market Performance Indicators
Earnings Indicators
Debt Risk Indicators
Balance Sheet Indicators
Volume Indicators
Technical Indicators
Technical Indicators"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-588-590-sidebar-telescan-prosearch-indicators-by-technical-analysis-inc-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-588-590-sidebar-telescan-prosearch-indicators-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-588-590-sidebar-telescan-prosearch-indicators-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1059omtradv,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-14"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 10:14 (599-605): Omega TradeStation Version 2 by William Blau"",""caption-linebreaks"":""Omega TradeStation Version 2 by William Blau
TradeStation is one of a new genre of computer programs designed specifically for intraday traders to\nhandle daily and other user-supplied historical data. As a Windows 3.0 application, it has much of what\nthe current computer state of the art has to offer. As such, it has all the advantages of Windows-based\nprograms.
INSTALLATION
There are three components of installation: installing the FNN receiver, installing Microsoft Windows 3.0, and finally, installing Omega TradeStation itself. My equipment included a 386-25 MHz DTK (IBM-compatible) computer with four megs of RAM, a math coprocessor (not required but supported) and an MS-compatible mouse with an ATI VGA Wonder video board. Installing Windows 3.0 was straightforward but tedious, due to my unfamiliarity with the software. The FNN receiver installation was also uneventful. TradeStation was then installed from within Windows. This was also easy and direct, following instructions on the monitor screen."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-14-599-605-omega-tradestation-version-2-by-william-blau-21.gif"",""height"":""261"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-14-599-605-omega-tradestation-version-2-by-william-blau-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-14-599-605-omega-tradestation-version-2-by-william-blau-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1060sidminb,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-14"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 10:14 (606-610): SIDEBAR: MINITAB BASICS by Technical Analysis, Inc."",""caption-linebreaks"":""MINITAB BASICS by Technical Analysis, Inc.
A package as massive as Minitab has become is nearly impossible to review thoroughly. The brochures\ngo on for pages and the \""cheat sheet\"" alone takes up 26 sections in 12 pages!"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-14-606-610-sidebar-minitab-basics-by-technical-analysis-inc-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-14-606-610-sidebar-minitab-basics-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-14-606-610-sidebar-minitab-basics-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1061sidmetp,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-14"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 10:14 (615-619): SIDEBAR: METASTOCK PROFESSIONAL INDICATORS by Technical Analysis, Inc."",""caption-linebreaks"":""METASTOCK PROFESSIONAL INDICATORS by Technical Analysis, Inc.
Listing of MetaStock professional indicators."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-14-615-619-sidebar-metastock-professional-indicators-by-technical-analysis-inc-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-14-615-619-sidebar-metastock-professional-indicators-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-14-615-619-sidebar-metastock-professional-indicators-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1063reliiia,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-14"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 10:14 (631-635): Relevance III Advanced Market Analysis Version 2.4 by Barbara Star, Ph.D."",""caption-linebreaks"":""Relevance III Advanced Market Analysis Version 2.4 by Barbara Star, Ph.D.
According to promotional literature, this version of Relevance III is eight times more powerful than\nearlier versions. And powerful it is, with such features as multiple-page creation, automerge of long- and\nshort-term trend and indicator lines, automatic indicator updating of previous charts, Japanese\ncandlesticks, a simulated trading mode and unattended chart printing (both 8-1/2 by 11-inch and 11 by 14-inch pages if your printer can accommodate it). The program boasts 32 technical indicators and a\ndozen other trading lines for the bar chart, called \""studies,\"" some of which cannot be found on other\ntechnical analysis programs. That's the good news.
The bad news is, with the exception of the main menu,\neverything is keyboarddriven with one, or sometimes\nmany, keystrokes. This means learning several Alt,\nCtrl and special-function keys — about on par with\nlearning WordPerfect 5.1. There is no mouse support,\nnot even pulldown menus from which to make selections. On the other hand, once portfolio and indicator files are created, the program moves quickly through its paces just by touching the space bar or arrow keys. I was told by someone who owns and uses Relevance III that some of the features he would like are not available on other software, so he was willing to put up with the time-consuming learning and typing required to run the program."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-14-631-635-relevance-iii-advanced-market-analysis-version-2-4-by-barbara-star-ph-d-21.gif"",""height"":""261"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-14-631-635-relevance-iii-advanced-market-analysis-version-2-4-by-barbara-star-ph-d-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-14-631-635-relevance-iii-advanced-market-analysis-version-2-4-by-barbara-star-ph-d-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1064enivbyj,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-14"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 10:14 (644-648): Ensign IV by John Sweeney"",""caption-linebreaks"":""Ensign IV by John Sweeney
ENSIGN SOFTWARE\n2641 Shannon Court\nIdaho Falls, ID 83404\n(208) 524-0755\nPhone: (800) 255-7374 (BMI)\nProduct: Full-featured real-time trading support system\nPrice: $695 plus $10 a month for the basic package, $1,295 plus $10 a month for the deluxe version.\nFree demo available.\nEquipment required: IBM compatible, 286 or better, 16 MHz or better, 640K RAM, EGA or VGA,\n20-MB hard disk (or more), serial and parallel ports, Epson or Hewlett-Packard Laserjet compatible\nprinter, MS-DOS 3.0 or later. Financial data screen data feed from Bonneville Market Information via\nFM or satellite.
Ensign IV, which is fed by the Bonneville Market Information (B MI) service, is an impressive package,\neven for a DOS-based product. It's big, for one thing, with just about every feature I'd use in trading, but\nit's also fast and easy to use: a nimble giant. Even though this was developed by just one guy, Howard\nArrington, it's as finished as products being turned out by the committees at Microsoft."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-14-644-648-ensign-iv-by-john-sweeney-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-14-644-648-ensign-iv-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-14-644-648-ensign-iv-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1064sidstan,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-14"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 10:14 (649-651): SIDEBAR: STANDARD VIKING STUDIES by Technical Analysis, Inc."",""caption-linebreaks"":""STANDARD VIKING STUDIES by Technical Analysis, Inc."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-14-649-651-sidebar-standard-viking-studies-by-technical-analysis-inc-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-14-649-651-sidebar-standard-viking-studies-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-14-649-651-sidebar-standard-viking-studies-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v10414sidbre,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 10:4 (148-150): SIDEBAR: BREAKOUT RELIABILITY"",""caption-linebreaks"":""BREAKOUT RELIABILITY
The reliability of a breakout from a trading range as a signal for an impending trend is significantly\nimproved if prices are still beyond the range after a number of days (e.g., 5) . ...
—Jack D. Schwager"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-4-148-150-sidebar-breakout-reliability-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-4-148-150-sidebar-breakout-reliability-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-4-148-150-sidebar-breakout-reliability-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v10728sidtes,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-7"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 10:7 (287-290): SIDEBAR: TESTING INDICATORS FOR PROFITABILITY"",""caption-linebreaks"":""TESTING INDICATORS FOR\nPROFITABILITY
In our first study of 34 indicators, MicroVest's BackTrak was used to simulate optimization using three\nstrategies: speculation, hedging for a commercial holding a long position in the cash yen market and\nhedging for a commercial holding a short position in the cash yen market. ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-7-287-290-sidebar-testing-indicators-for-profitability-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-7-287-290-sidebar-testing-indicators-for-profitability-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-7-287-290-sidebar-testing-indicators-for-profitability-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v10833siddes,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-8"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 10:8 (339-343): SIDEBAR: DESCRIBING A SPREADSHEET PROGRAM"",""caption-linebreaks"":""DESCRIBING A SPREADSHEET PROGRAM"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-8-339-343-sidebar-describing-a-spreadsheet-program-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-8-339-343-sidebar-describing-a-spreadsheet-program-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-8-339-343-sidebar-describing-a-spreadsheet-program-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v10939tradti,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-9"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 10:9 (398-398): Traders' Tips by Technical Analysis, Inc."",""caption-linebreaks"":""Traders' Tips by Technical Analysis, Inc.
METASTOCK PROFESSIONAL 3.0
Mass Index
The June 1992 issue of S&C presented an indicator called the mass index developed by Donald Dorsey.\nThe indicator is a 25 day moving sum of a ratio of two moving averages. The numerator of the ratio is the\nexponentially smoothed moving average of the daily ranges. The denominator of the ratio is the\nnumerator smoothed a second time using the same exponential moving average. The exponential moving\naverages use a smoothing factor (alpha) equivalent to a nine-day simple moving average."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-9-398-398-traders-tips-by-technical-analysis-inc-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-9-398-398-traders-tips-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-9-398-398-traders-tips-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v10939breako,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-9"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 10:9 (399-401): Breaking Out Of The Trading Range by John Sweeney"",""caption-linebreaks"":""Breaking Out Of The Trading Range by John Sweeney
Some blessed day, after being mired in a trading range for two years, your market is going to finally go\ninto a trend. You must be there when it does, not trading something else or, worse, ignoring it from the\ngolf course. Ideally, you've been trading the range back and forth trying to avoid losing money and\npossibly even making a little. You've been selling the tops and buying the bottoms as best you can,\nwaiting for a breakout. How can you tell if it's happened?
Graphically, as in Figure 1, you are waiting for a trade that hits your maximum adverse excursion (MAE)\nstop. To refresh your memory, MAE is the amount that winning trades go against you. Beyond that point,\nyour expectation is that the trading range trade will be a loser. If it is, then mightn't it be a winner if\nreversed? When is a breakout far enough from the trading range to be legitimate? Answer: when\nexperience shows that it's moved far enough to become a loser as a trading range trade.
Last month, when analyzing trades back into the range, I defined a simple test for nontrending behavior\nin Treasury bonds plus some simple rules for entry and exit. I also measured how far wrong these trades\nwent and arrived at the conclusion that, for this tradeable — Treasury bond futures — and this trading\nrule, $1,500 would have to be risked before reversing. This turned out to work fairly well in recent bond\ntrading, but now I need to test a variety of data to see what happens when that $1,500 loss is taken and a\nreversing trade, with any luck into a trend, is entered."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-9-399-401-breaking-out-of-the-trading-range-by-john-sweeney-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-9-399-401-breaking-out-of-the-trading-range-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-9-399-401-breaking-out-of-the-trading-range-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v11155tradti,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 11:1 (55-55): Traders' Tips"",""caption-linebreaks"":""TRADERS' TIPS
METASTOCK To recreate the stochastic momentum index, explained this month by William Blau, in\nMetaStock Professional, plot the custom formula (remember, this should all be on one line):
SMI(13,25,2)
100*(mov(mov(C-(0.5*(hhv(H,13)+llv(L,13))),25,E),2,E)/(0.5*mov(mov(hhv(H,13)-llv(L,13),25,E),2,E)))
The parameters can be changed to any values desired.
The moving average menu may be used to plot a signal line as mentioned in Blau's article. After plotting\nthe SMI, press [M] to access the moving average menu. Select an exponential moving average of the\nindicator. Choose whatever number of periods desired; Blau recommends a range of three to 12 periods\n(a nine-period signal line is used in Figure 1). ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-1-55-55-traders-tips-20.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-1-55-55-traders-tips-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-1-55-55-traders-tips-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1140lettosc,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-10"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 11:10 (408-409): Letters To S&C by Technical Analysis, Inc."",""caption-linebreaks"":""LETTERS by Technical Analysis, Inc.
COPPOCK'S ORIGINAL FORMULA
Editor,
Regarding my article \""The Coppock guide\"" in the March 1993 issue, astute technicians may have noticed\nthat the described formula varied somewhat from Coppock's original formula, which he explained in a\nBarron's article published in October 1962.\nUsing Coppock's original rules, the DJIA's 14-month rate of price change is added to the DJIA's 11-month\nrate of price change, and that total is then used to determine a 10-month weighted moving total. The\nmoving total is calculated by multiplying the sum for the most recent month by 10, the sum a month ago\nby nine and so on until the sum nine months ago is multiplied by one.\nIn our formula, we likewise added the 14-month rate of price change to the 11-month rate of price\nchange. But we then determined the 10-month front-weighted moving average instead of the moving\ntotal. We have since adjusted our formula to match Coppock's original calculation, and we have\ndetermined that the 1.3 parameter that we had been using is the equivalent of 7.15 using the original\nformula (Coppock used a zero parameter).\nOur buy signals are now generated when the index is below 7.15 and rises, while our sell signals occur\nwhen the index is above 7.15 and falls by 60.5 points (rather than 11 points using the 1.3 parameter).\nAll of this is pretty much academic, as the net results is a different scaling—the pattern is the same using\neither method, as are the buy and sell signal dates and the resulting historical track record.
TIM HAYES Ned Davis Research Venice, FL"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-10-408-409-letters-to-s-c-by-technical-analysis-inc-20.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-10-408-409-letters-to-s-c-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-10-408-409-letters-to-s-c-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1141lettosc1,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-10"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 11:10 (415-415): Letters To S&C by Technical Analysis, Inc."",""caption-linebreaks"":""LETTERS by Technical Analysis, Inc.
STANDARD DEVIATION
Editor,
In the \""Relative volatility index\"" sidebar on pages 64-65 of the June 1993 STOCKS & COMMODITIES, the\nExcel spreadsheet gives the formulas for the up close volatility and down close volatility in columns E\nand F.\nPlease define for me STDEVP(D2:D11). I would appreciate a numerical answer. Thank you.
ROBERT MAAS - Largo, FL
The STDEVP(D2:D11) formula in Excel measures the standard deviation of the closing prices listed in\ncells D2 through D11. Standard deviation measures the variance about the mean. In our case, we are\nmeasuring the variance of the last 10 days of closing prices compared with the mean or average of the\nlast 10 days of closing prices.\nTo learn more about standard deviation, I suggest purchasing a used college statistics textbook from\nyour local community college. Or try The Economist Guide to Business Numeracy, a paperback($17.95)\njust published by John Wiley & Sons, 605 Third Ave., New York, NY 10158-0012, 800-C ALL WILEY. The\nbook covers everything from statistics for business applications to data analysis techniques, chart\nreading, investment accounting, forecasting and linear programming.
—Editor"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-10-415-415-letters-to-s-c-by-technical-analysis-inc-21.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-10-415-415-letters-to-s-c-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-10-415-415-letters-to-s-c-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1144tradtip,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-10"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 11:10 (443-443): Traders' Tips by Technical Analysis, Inc."",""caption-linebreaks"":""Traders' Tips by Technical Analysis, Inc.
TRADESTATION
The following formulas for Omega's TradeStation EasyLanguage are for both the double-smoothed\nstochastics and the stochastics momentum indices as described by William Blau in the January 1993\nSTOCKS & COMMODITIES."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-10-443-443-traders-tips-by-technical-analysis-inc-20.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-10-443-443-traders-tips-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-10-443-443-traders-tips-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1146lettosc,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-11"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 11:11 (461-461): Letters To S&C by Technical Analysis, Inc."",""caption-linebreaks"":""Letters To S&C by Technical Analysis, Inc."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-11-461-461-letters-to-s-c-by-technical-analysis-inc-20.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-11-461-461-letters-to-s-c-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-11-461-461-letters-to-s-c-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1148tradtip,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-11"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 11:11 (480-480): Traders' Tips by Technical Analysis, Inc."",""caption-linebreaks"":""Traders' Tips by Technical Analysis, Inc.
- RELATIVE MOMENTUM INDEX This is the code in EasyLanguage for relative momentum index (RMI) by\nRoger Altman, from \""Relative momentum index: Modifying RSI,\"" from STOCKS & COMMODITIES,\nFebruary 1993. The RMI is a variation of the relative strength index. The relative strength index begins its\ncalculation using the one-day difference in price. The RMI uses a user-selected difference between closing\nprice periods — for example, the difference between today's price and the closing price as of five days\nago. Type this in as a user function and then plot the user function in an indicator, or use it directly in a\nsystem for buy and sell orders."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-11-480-480-traders-tips-by-technical-analysis-inc-20.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-11-480-480-traders-tips-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-11-480-480-traders-tips-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1152tradtip,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-12"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 11:12 (522-523): Traders' Tips"",""caption-linebreaks"":""TRADERS' TIPS
Do you have a custom formula, solution or user tip for your software that you would like to share? Have\nyou ever pondered a trading question that you'd like to share with other readers? Have you ever\ncontemplated a question for a while and come up with a solution that you'd like to share with others? Or\nare you still stuck without a solution? Send your formulas, solutions, tips and questions to Traders' Tips,\nSTOCKS & COMMODITIES, 3517 SW Alaska St., Seattle, WA 98126-2700. Please send a hard copy and, if\npossible, the information on a disk in unformatted ASCII along with your name, address, phone number\nand T-shirt size. Contributors whose material is selected for publication will receive a Technical\nAnalysis of STOCKS & COMMODITIES T-shirt.
TRADESTATION
Here's the formula in Easy Language for the general weighted moving average in Thomas Hutchinson\nand Peter Zhang's \""Weighted Moving Averages\"" as a user function:"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-12-522-523-traders-tips-21.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-12-522-523-traders-tips-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-12-522-523-traders-tips-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1152quic,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 11:13 (525-526): Quick-Scans: THE DO-IT-YOURSELF GUIDE TO INVESTMENT INFORMATION"",""caption-linebreaks"":""QUICK-SCANS
THE DO-IT-YOURSELF GUIDE TO INVESTMENT INFORMATION
Where to Find What You Need to Know
Author: Spencer McGowan
Probus Publishing Co.
1925 N. Clybourn Street
Chicago, IL 60614
800 776-2871,312 868-1100
450 pages,1993, $29.95
For any person who's ever written a paper of any sort, whether for school or a conference, one basic thing\nis always necessary —references. Looking up appropriate subject matter is always so much fun (recalling\nwith nostalgic fondness graduate school, where we students literally had to fight, scheme and sometimes\nsteal necessary books from each other. Ah, youth), and tracking down information in a dozen different\nplaces always necessitated trips to all the libraries on campus, hoping against hope that the one book you\nneeded to wrap up your thesis was hidden in a corner somewhere, overlooked by other students equally\neager to get on with their lives. If only you could get those references—!"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-13-525-526-quick-scans-the-do-it-yourself-guide-to-investment-information-21.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-13-525-526-quick-scans-the-do-it-yourself-guide-to-investment-information-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-13-525-526-quick-scans-the-do-it-yourself-guide-to-investment-information-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1152quic1,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 11:13 (527-527): Quick-Scans: MONEY MANAGEMENT STRATEGIES FOR FUTURES TRADERS"",""caption-linebreaks"":""QUICK-SCANS
MONEY MANAGEMENT STRATEGIES FOR FUTURES TRADERS
PO Box 59592
Chicago, IL 60659-0592
Phone: 708-329-7903
Fax: 708-329-8903
Product: Money management software
Prices: Includes individual programs: \""Optimal exposure,\"" $100; \""Correlation of commodities,\"" $150;\n\""Exposure and ruin analysis, \"" $ 150; \""Avoiding bull and bear traps (stops for gap openings) ,\"" $100.\n$450 for the package. Discounts available for bulk orders.
Equipment required: IBM-PC compatible; 80286 recommended; 512K minimum RAM, Ms-Dos 2.1\nor higher. One floppy drive (3 1/2-inch or 5 1/4-inch) and a hard drive. Printer optional.
You remember the book. Now get the software!
Taking an unglamorous but important subject and exploring it thoroughly, Nauzer Balsara and Cyrus\nPatel have collaborated to create a program that implements the money management strategies spelled\nout in Money Management Strategies (the book) on the subject."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-13-527-527-quick-scans-money-management-strategies-for-futures-traders-21.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-13-527-527-quick-scans-money-management-strategies-for-futures-traders-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-13-527-527-quick-scans-money-management-strategies-for-futures-traders-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1152quic2,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 11:13 (528-528): Quick-Scans: THE ELEMENTS OF SUCCESSFUL TRADING"",""caption-linebreaks"":""QUICK-SCANS
THE ELEMENTS OF SUCCESSFUL TRADING
Simon & Schuster\nProfessional Publishing\nNew York Institute of Finance
2 Broadway
New York, NY 10004
212-344-2900
Author: Robert P. Rotella
Price: $29.95
1992,670 pages
Writing an introductory book on trading — or perhaps a good survey — is a task that would certainly daunt\nme these days. Many good books are available out there, and the subject area has expanded exponentially\nin the last four years. Undaunted, Robert Rotella has taken a swing at it and done a pretty good job.
Trading, opines Rotella, is an interactive process composed of three elements: trading method, money\nmanagement and trading psychology. While most novices and even some veterans focus on trading\nmethod, in 670 pages Rotella justifiably hits all three topics, though trading method still gets 60% of the\nbook . Even 389 pages cannot do more than whet the reader's appetite, but at least the reader will run\nacross virtually everything that's used in the public domain of trading. That done, he's free to peruse the\nreferences listed in the bibliography in the back of The Elements of Successful Trading.
Despite this emphasis, let me focus on the latter two sections. Robert Rotella, an apt man with a quote,\nleads off with:
If a man will begin with certainties, he shall end in doubts; but if he will be content to begin with\ndoubts he shall end in certainties.
-Francis Bacon, The Advancement of Learning"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-13-528-528-quick-scans-the-elements-of-successful-trading-21.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-13-528-528-quick-scans-the-elements-of-successful-trading-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-13-528-528-quick-scans-the-elements-of-successful-trading-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1152quic3,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 11:13 (529-529): Quick-Scans: DESIGN, TESTING AND OPTIMIZATION OF TRADING SYSTEMS"",""caption-linebreaks"":""QUICK-SCANS
DESIGN, TESTING AND OPTIMIZATION OF TRADING SYSTEMS
John Wiley & Sons
605 Third Avenue
New York, NY 10158
212-850-6497
Author: Robert Pardo
Price: $34.95
1992, 164 pages
As computers get faster and more powerful, many traders are able to surge on to advanced trading\nsystems, which until only recently were in the exclusive domain of professionals with access to\nmainframes. But having tomorrow's hardware is no guarantee of trading successfully.
The facts are clear. First, the vast majority of trading system buyers strive to do as little work as\npossible and yet expect the most profitable results. When those results are not quickly forthcoming, they\nblame the system. Many good systems are available but there are few traders willing to do the intensive\nwork needed to make those systems effective in real-time trading."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-13-529-529-quick-scans-design-testing-and-optimization-of-trading-systems-21.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-13-529-529-quick-scans-design-testing-and-optimization-of-trading-systems-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-13-529-529-quick-scans-design-testing-and-optimization-of-trading-systems-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1153quictra,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 11:13 (530-530): Quick-Scans: TRADING FOR A LIVING"",""caption-linebreaks"":""QUICK-SCANS
TRADING FOR A LIVING
John Wiley & Sons
605 Third Avenue
New York, NY 10158
Phone: 800 CALL-WILEY,\n212-850-6497
Author: Alexander Elder
1993, 289 pages, $49.95\n(study guide, $27.95).
Nothing is more seductive to prospective traders: getting enough capital to trade full time for themselves\nand survive, hopefully to flourish. Institutional traders, retail traders -- they'd all rather be on their own.\nMost don't make it on their own, despite superb grooming and training, yet to traders, the title of this\nbook -- Trading for a Living -- is promising. It represents freedom at last."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-13-530-530-quick-scans-trading-for-a-living-21.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-13-530-530-quick-scans-trading-for-a-living-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-13-530-530-quick-scans-trading-for-a-living-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1153quiccom,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 11:13 (531-531): Quick-Scans: COMPLETE PERSONAL SEMINAR SERIES"",""caption-linebreaks"":""COMPLETE PERSONAL SEMINAR SERIES
New York Institute of Finance
Simon & Schuster
2 Broadway 5th floor
New York, NY 10004
Phone: 212 344-2900
Fax: 212 514-8423
Published 1992,1,353 pages,$79.95 for the entire series
Why go to the class if you can get the class to come to you? A subsidiary of Paramount, the New York\nInstitute of Finance (NYIF), better known for its classroom training for National Association of Securities\nDealers (NASD) licensing and other financially related topics, has put five of its most popular courses in a\nseries of books that covers fixed-income subjects, futures, options, securities analysis and technical\nanalysis."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-13-531-531-quick-scans-complete-personal-seminar-series-21.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-13-531-531-quick-scans-complete-personal-seminar-series-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-13-531-531-quick-scans-complete-personal-seminar-series-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1153quicpro,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 11:13 (532-533): Quick-Scans: PROCEEDINGS OF THE SECOND INTERNATIONAL CONFERENCE"",""caption-linebreaks"":""PROCEEDINGS OF THE SECOND INTERNATIONAL CONFERENCE ON ARTIFICIAL\nINTELLIGENCE APPLICATIONS ON WALL STREET
Tactical and Strategic Computing Technologies\nSystemsware Corp.
973C Russell Avenue
Gaithersburg, MD 20879
301 948-5391
Editor: Roy S. Freedman
Published 1993,302 pages, $65
Institutions and individuals both are finding a wide range of uses for artificial intelligence (AI)\ntechnologies such as expert systems, neural networks, genetic, algorithms and fuzzy logic, to name only a\nfew. For the second year, the Conference on Artificial Intelligence Applications on Wall Street has\nprovided a forum for the discussion and evaluation of AI technologies related to market analysis, asset\nallocation and regulation. The proceedings from this year's conference are divided into 11 basic sections,\nwith two to four separate articles in each section."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-13-532-533-quick-scans-proceedings-of-the-second-international-conference-21.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-13-532-533-quick-scans-proceedings-of-the-second-international-conference-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-13-532-533-quick-scans-proceedings-of-the-second-international-conference-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1153quicser,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 11:13 (534-534): Quick-Scans: THE SERIOUS INVESTOR'S TAX SURVIVIAL GUIDE"",""caption-linebreaks"":""THE SERIOUS INVESTOR'S TAX SURVIVIAL GUIDE
Traders' Library
PO Box 2466
Ellicott City, MD 21041
800 272-2855
Fax order line: 410 964-0027
Author: Ted Tesser
Published 1993, 298 pages, $69.95
Here's some prize-winning material: an enjoyable read on the subject of US taxes and their impact on the\ntrader.
Maybe I'm an incurable sucker for business topics, but I enjoy a book on business subjects written with\nthe appropriately wry slant due any economic discussion. The author knows as well as I do that in\nbusiness, the first and last question is, \""What number did you have in mind?\"" Everyone knows that no\ntwo financial reports, tax returns or budgets will necessarily come out the same. Many reasonable sets of\nnumbers can sometimes be generated, given the appropriate intellectual blessings, and once the true\ncreativity of the American people is unleashed, just about any number may appear on a federal tax filing."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-13-534-534-quick-scans-the-serious-investor-s-tax-survivial-guide-21.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-13-534-534-quick-scans-the-serious-investor-s-tax-survivial-guide-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-13-534-534-quick-scans-the-serious-investor-s-tax-survivial-guide-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1153quicneu,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 11:13 (535-536): Quick-Scans: NEURAL NETWORKS IN FINANCE AND INVESTING"",""caption-linebreaks"":""NEURAL NETWORKS IN FINANCE AND INVESTING
Using Artificial Intelligence to Improve Real-World Performance
Editors: Robert R. Trippi and Efraim Turban
Probus Publishing Co.
1925 N. Clybourn Street
Chicago, IL 60614
800-776-2871,312-868-1100
Published 1992,513 pages, $65.00
Neural networks are one of the most innovative analytical tools to surface in the financial arena. Editors\nRobert Trippi and Efraim Turban have put together a collection of recent articles from industry and\nacademic experts dealing with the application of artificial intelligence to real-world finance and\ninvesting. This work, which begins with an introductory section on artificial neural networks, examines\nthe application to areas including analysis of financial conditions, business failure prediction, debt-risk\nassessment, security market analysis and financial forecasting. Neural Networks is an excellent survey for\nthose new to neural network applications in the finance industry. It also provides those readers familiar\nwith neural networks or finance with a springboard into a variety of topics. Traders will be particularly\ninterested in Neural Networks' Part 5 and Part 6, titled \""Security market applications\"" and \""Neural\nnetwork approaches to financial forecasting,\"" respectively. Although many chapters are not specifically\nconcerned with the stock and futures markets, much of the material is relevant in a more general context.\nThroughout the book, the authors discuss various issues that are common across neural network\napplications including the selection of inputs, methods of preprocessing, choice of architecture and result\ninterpretation."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-13-535-536-quick-scans-neural-networks-in-finance-and-investing-21.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-13-535-536-quick-scans-neural-networks-in-finance-and-investing-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-13-535-536-quick-scans-neural-networks-in-finance-and-investing-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1153quictra1,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 11:13 (536-537): Quick-Scans: TRADE UP: HOW TO BECOME A CTA"",""caption-linebreaks"":""TRADE UP: HOW TO BECOME A CTA
Futures Truth
815 Hillside Road
Hendersonville, NC 28739
Phone: 704 697-0273
Author: Holliston Hill Hurd
206 pages, $49.95, published 1992
Holliston Hill Hurd is a rarity in the trading world: a true \""trading brat\"" in the same complimentary sense\nI'd bestow on \""Army brat\"" or \""gym rat\"": someone born and raised in the milieu of trading. Even better,\nwhen she does write, her style is wonderfully direct, even more than the manner in which her father, John\nHill, gets his point across. In this case, she's produced a paper-bound, 50-page quick look at what it takes\nto become a commodity trading advisor (CTA)."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-13-536-537-quick-scans-trade-up-how-to-become-a-cta-21.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-13-536-537-quick-scans-trade-up-how-to-become-a-cta-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-13-536-537-quick-scans-trade-up-how-to-become-a-cta-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1153quicall,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 11:13 (538-538): Quick-Scans: ALL ABOUT FUTURES"",""caption-linebreaks"":""ALL ABOUT FUTURES
From the Inside Out
Probus Publishing
1925 Clybourn North
Chicago, IL 60614
312-868-1100, 800-776-2871
Authors: Thomas A. McCafferty and Russell R. Wasendorf
273 pages, $19.95, 1992
Many years ago, when I worked at a brokerage house, I had to take a Series 7 course. It was very\ninteresting but never delved into any detail (but then, that wasn't its purpose), and unless you actually had\nto deal with some of the tradables mentioned, most of the information drained from your memory\neventually, only to be replaced with more pertinent trivia. So reading refreshers from time to time is\nnever a bad idea, and infact, it's always to be commended.
Take All About Futures, by Thomas McCafferty and Russell Wasendorf. The blurb on the back calls it\n\""the place to start,\"" certainly for those who want to start trading futures contracts, get reacquainted on the\nsubject or who are just curious. Taking a quick look through it, I'm inclined to agree."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-13-538-538-quick-scans-all-about-futures-21.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-13-538-538-quick-scans-all-about-futures-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-13-538-538-quick-scans-all-about-futures-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1153quicinr,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 11:13 (539-540): Quick-Scans: INTEREST RATE FUTURES AND OPTIONS"",""caption-linebreaks"":""INTEREST RATE FUTURES AND OPTIONS
Probus Publishing
1925 Clybourn North
Chicago, IL 60614
312 868-1100, 800 776-2871
Authors: Mark Pitts and Frank J. Fabozzi
452 pages, $65, published 1990
How important are interest rates? To the consumer paying the mortgage or automobile loan, interest rates\ndetermine what sort of house or automobile can be bought. To a businessperson, interest rates are crucial\nin determining the health of the company. Newspapers, journals and specialty periodicals routinely\nfeature horror stories of how once-thriving companies, choked by debt incurred as a result of high interest\npayments, have been forced to sell their assets or declare bankruptcy.
Given the stakes, financial managers seek opportunities to limit interest rate risk and control the costs\nassociated with it. Since the 1980s, there has been an explosion of financial tools designed for just this\npurpose. In the title of the book, Interest Rate Futures and Options, authors Mark Pitts and Frank\nFabozzi point to two solutions to the problem."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-13-539-540-quick-scans-interest-rate-futures-and-options-21.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-13-539-540-quick-scans-interest-rate-futures-and-options-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-13-539-540-quick-scans-interest-rate-futures-and-options-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1154quicint,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 11:13 (540-541): Quick-Scans: INTRODUCTION TO NEURAL NETWORKS"",""caption-linebreaks"":""INTRODUCTION TO NEURAL NETWORKS
Design, Theory, and Applications
Author: Jeannette Lawrence
California Scientific Software
10024 Newton Road
Nevada City, CA 95959
916-478-9040
Published 1993, 324 pages, 5th edition, $30
For some, \""neural network\"" is a term most often heard on Star Trek and \""artificial intelligence\"" an insult.\nFor others, however--fortunately --both are terms that signify a new age has begun and is changing our\nlives very, very rapidly. Introduction to Neural Networks, written by Jeannette Lawrence and published\nby California Scientific Software (makers of the BrainMaker neural network development system),\nappears to have adjusted well to the changing new order. To keep up with the developments, California\nScientific Software has updated this book every year since its inaugural printing in August 1988.
Author Lawrence begins by explaining that neural network research reflects the depth and complexity of\nthe topic involved but adds that expert systems, \""sometimes glamorized as an incredibly intelligent and\ncomplex technology,\"" are not as difficult to comprehend as the subject matter might suggest. The trick is\nto find reading matter that can be understood without a technical dictionary to one side."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-13-540-541-quick-scans-introduction-to-neural-networks-21.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-13-540-541-quick-scans-introduction-to-neural-networks-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-13-540-541-quick-scans-introduction-to-neural-networks-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1154quicin,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 11:13 (542-542): Quick-Scans: INVESTING"",""caption-linebreaks"":""INVESTING
The Collected Works of Martin Leibowitz
Probus Publishing
1925 Clybourn North
Chicago, IL 60614
312 868-1100, 800 776-2871
Editor: Frank Fabozzi
1,168 pages, $75, published 1992
Since the late 1960s, when the mathematics of finance underwent the revolution of the capital asset\npricing model, retail traders have not been exposed to the intricacies of modern financial investing; things\njust got too complicated. However, the material has been available and not just from academic sources,\nwhich were, for reasons of tenure and turf, generally on the esoteric edge."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-13-542-542-quick-scans-investing-21.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-13-542-542-quick-scans-investing-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-13-542-542-quick-scans-investing-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1154quictra,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 11:13 (542-542): Quick-Scans: TRADING THE FOUR-YEAR PRESIDENTIAL ELECTION YEAR CYCLE"",""caption-linebreaks"":""TRADING THE FOUR-YEAR PRESIDENTIAL ELECTION YEAR CYCLE
The Post-Election Years\n1993 Edition
Market Movements, Inc.
5212 East 69th Place
Tulsa, OK 74136
(918) 493-2987
Price: $129
Published 1992, 219 pages
From Frank Taucher, publisher of The $upertrader's Almanac, comes this very timely volume. The table\nof contents hints at the contents (as well that should be): Instructions (which makes perfect sense), and\nthen row after row of delectable tradables, ranging from currencies to commodities to indices, which\naccording to the instructions are markets whose contracts expire during the year after the Presidential\nelection. Taucher explains that this reference work has been constructed to provide the reader with the\nsame edge that those who study the effect of the Presidential cycle on the stock market have. Taucher\ngoes on to explain: \""The assumption is that politicians and monetary authorities conspire to inflate the\neconomy and increase prosperity to the greatest extent possible during the year preceding and containing\nthe election. After the election, the Federal Reserve Board then again concentrates on fighting inflation\nthe previous monetary binge has caused, politicians enact tax hikes, etc., and the stock market corrects,\nfollowed by a declining economy.\"" I can't refute that assumption. Can you?"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-13-542-542-quick-scans-trading-the-four-year-presidential-election-year-cycle-21.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-13-542-542-quick-scans-trading-the-four-year-presidential-election-year-cycle-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-13-542-542-quick-scans-trading-the-four-year-presidential-election-year-cycle-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1154quicnew,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 11:13 (543-544): Quick-Scans: THE NEW MARKET WIZARDS"",""caption-linebreaks"":""THE NEW MARKET WIZARDS
Conversations with America's Top Traders
HarperCollins Publishers
10 East 53rd Street
New York, NY 10022-5299
Order line: 212 207-7603 or 800 242-7737
Author: Jack D. Schwager
Published 1992, 493 pages, $22.50
The secrets of the masters are, as a rule, a disappointment when revealed, because invariably what the\nmasters consider to be the secret to their success is never what the average seeker of knowledge considers\nto be the key to succeeding. Instead of their secrets, the masters seem to go on and on about discipline\nand analysis and perseverance. Where are the secrets? the seeker asks. What do discipline and\nperseverance have to do with successful trading?
This was true about The Marker Wizards by Jack Schwager, the first work that Schwager wrote that\ninterviewed very successful traders—not necessarily anyone you might have heard of, and in fact,\nprobably much more successful than anyone you would have heard of—and it is also true in this\nfollow-up work. In case you never got around to reading the first work (and if that's true, I suggest you go\nright out and find a copy and read it right away!), Jack Schwager, longtime Wall Street analyst and author\nof A Complete Guide to the Futures Markets, crisscrossed the country interviewing top traders about their\nexperiences—how they got started, how they fared, how much they lost before they got it right (and how\nthey took the loss), how they figured it out and, finally, how they did it. Schwager interviewed legendary\nnames: Richard Dennis, Ed Seykota, Paul Tudor Jones and William O'Neil, to name only a few. He also\ninterviewed less legendary but no less successful traders, less well known due to (an understandable)\ndesire for privacy. Schwager also spoke with Van Tharp, a research psychologist who has been connected\nwith STOCKS & COMMODITIES, on the mind of the successful trader."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-13-543-544-quick-scans-the-new-market-wizards-21.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-13-543-544-quick-scans-the-new-market-wizards-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-13-543-544-quick-scans-the-new-market-wizards-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1154quicgui,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 11:13 (545-545): Quick-Scans: GUIDE TO BUSINESS NUMERACY"",""caption-linebreaks"":""GUIDE TO BUSINESS NUMERACY
The Economist
John Wiley & Sons, Inc.
605 Third Avenue
New York, NY 10158-0012
Phone: 800 CALL WILEY (US), 800 263-1590 (Canada)
238 pages, $37.95 clothbound, $17.95 paperbound, 1993
If you're not sure what \""numeracy\"" is, you should probably pick up The Economist's Guide to Business\nNumeracy.
\""Numeracy\"" is that state of being numerate, which means you can count. Nowadays, at least in the British\npress, its scope of the term has expanded to \""being sophisticated about the meaning of concepts or\narguments presented numerically\"" or, possibly, being unintimidated by the avalanche of numbers flowing\nthrough our society's channels of communication.
Traders are subjected to numerical intimidation as much as anyone, particularly with the increasingly\nabstract indicators being cobbled together these days. At its extreme, today's trend asks us to interpret the\nmeaning of the weights in a neural net, a certain exercise in skepticism."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-13-545-545-quick-scans-guide-to-business-numeracy-21.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-13-545-545-quick-scans-guide-to-business-numeracy-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-13-545-545-quick-scans-guide-to-business-numeracy-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1154quiccas,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 11:13 (546-546): Quick-Scans: CASH IN ON SAVINGS & LOANS"",""caption-linebreaks"":""CASH IN ON SAVINGS & LOANS
Volume I, Investment Guide
Volume II, Mutual Thrifts
Author: Alex St. Claire
Jann Street Publishing
PO Box 423
Port Washington, PA 19034
Published 1993, $129, 220 pages
When a mutual thrift goes public, existing depositors get first crack at the stock, Right? It is then and\nonly then that the stock makes the rounds, ending up at brokerages to be offered to the general public,\nwith the price of the stock usually higher than the price that the depositors at the mutual thrift paid. On\nthe first day that the stock is finally traded (at long last), the price tends to go up (in fact, the average\nfirst-day gain is more than 30%), after which it settles into trading patterns that readers of STOCKS &\nCOMMODITIES can read and take advantage of. Those who were depositors at the thrift during the offering\nperiod can buy large amounts of stock, sell it in the first few days of trading and profit. End of story."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-13-546-546-quick-scans-cash-in-on-savings-loans-21.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-13-546-546-quick-scans-cash-in-on-savings-loans-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-13-546-546-quick-scans-cash-in-on-savings-loans-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1154quicquo,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 11:14 (547-548): Quick-Scans: QUOTE EXPRESS 3.2"",""caption-linebreaks"":""QUOTE EXPRESS 3.2
RJT Systems Inc.
Integrated Financial Solutions Inc.
1049 Sw Baseline, Suite B-200
Hillsboro, OR 97123
Phone: (503) 640-5303 or (800) 729-5037
Product: Quote management software that transfers data to quote screens and analysis packages
Price: $149 to $415, depending on options ordered
Equipment required: IBM compatible, 286 CPU or better with 8.5 megabytes in hard-disk space and\nData Transmission Network (DTN) datafeed.
One of the more exciting prospects in front of retail—and even institutional— traders is a dramatic\ndecline in data costs. With the advent of cheap, real-time and delayed data feeds, traders who are fast on\ntheir feet can conceivably capture all the data they. need currently and, in the proscess, build a historical\ntrading database. g QuoteExpress (QE) is one of the first products out there to make this reasonably easy.
Late in 1992, I reported on DTN Wall Street, an extremely reasonable datafeed that features delayed\nquotes on futures, stocks and news. QuoteExpress takes the data from DTN and stores it on your hard disk\nwhile presenting you with a much better quote screen display than DTN can manage on its own. On your\ncommand, QE will download the day's price to your analytical package—MetaStock, Commodity\nSystems, Inc., CompuTrac, whatever. Should you wish to, you may then jump immediately into that\npackage from QuoteExpress and then back to QuoteExpress.
Clearly, RJT, the developer of QuoteExpress, has gone out of its way to facilitate traders ' usage of the\ndata, but there's more: QE comes with a small terminate-and-stay-resident (TSR) that stays in your\ncomputer's memory when you leave QE, constantly funneling data from the DTN feed to your hard disk. Thus, your computer isn't dedicated just to data capture. Once started, the TSR works as long as your\ncomputer is turned on. All you have to do is turn on the machine and leave it on."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-14-547-548-quick-scans-quote-express-3-2-20.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-14-547-548-quick-scans-quote-express-3-2-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-14-547-548-quick-scans-quote-express-3-2-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1154quicpro,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 11:14 (548-550): Quick-Scans: PROFESSIONAL BREAKOUT SYSTEM, VERSION 3.11"",""caption-linebreaks"":""PROFESSIONAL BREAKOUT SYSTEM, VERSION 3.11
Byte Research and Trading
RR 2
Riverhead, NY 11901-9501
(516) 722-5407
Product: A trading system that generates buy and sell signals based on volatility
Price: $385; 30-day money-back guarantee. Free demo disk is also available.
Requirements: IBM-PC or compatible with a minimum of 512K RAM. EGA/ VGA monitor. Any\ndot-matrix or laser printer. Program reads CSI, CompuTrac, MetaStock and ASCII data formats.
Whether using moving averages, trading ranges, channels or oscillators, breakout systems are among the\noldest developed by traders. Steve Notis, the program developer of the Professional Breakout System\n(PBS), makes no bones about the fact that PBS contains six variations of breakout trading logic, each of\nwhich have been sold by others as separate systems. So is this just another ploy to part you and your\nmoney? Notis claims not. He has combined what he considers the best trading algorithms with the best\nconfirming indicators in an easy-to-use graphics program for stocks and commodities."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-14-548-550-quick-scans-professional-breakout-system-version-3-11-20.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-14-548-550-quick-scans-professional-breakout-system-version-3-11-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-14-548-550-quick-scans-professional-breakout-system-version-3-11-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1155quiccan,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 11:14 (551-552): Quick-Scans: CANDLEPOWER 3.1"",""caption-linebreaks"":""CANDLEPOWER 3.1
N. North Systems
4443 Nalani Ct.
Salem, OR 97302
Phone: 503-391-5929
Product: Technical analysis package for stocks, futures and options
Price: $325, including CandlePower (the book) to STOCKS & COMMODITIES readers.
Equipment required: IBM PC, XT, AT or compatible, MS-DOS 3.0 or higher, 64OK RAM,\nCGA/VGA/EGA or Hercules. Hard drive recommended but not required; Epson or Hewlett-Packard\nLaserJet compatible printer; Hayes-compatible modem to download data.
Just to hit the highlights, N-Squared Systems' CandlePower 3.1 continues the process of upgrading\nCandlePower from a graphic version of candlestick charts to a full-bore technical analysis package.\nThough all the candlestick patterns extant seem to be included here in this package, something had to be\nused to assist in the qualification and organization of the candle pattern signals, and that turns out to be a\nsolid array of technical indicators.
If that weren't enough—or if maneuvering this battalion of indicators is too heavy a burden—N 2 has\nprovided its own proprietary trading indicator, the Expert Signal Predictor (ESP), plus a tool called the\nage-weighted consensus, which forms a consensus of all the trading signals from all the indicators, each\nsignal weighted by how old it is."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-14-551-552-quick-scans-candlepower-3-1-20.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-14-551-552-quick-scans-candlepower-3-1-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-14-551-552-quick-scans-candlepower-3-1-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1155quicpat,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 11:14 (552-553): Quick-Scans: PATTERN PROBABILITY STRATEGY, VERSION 2.0"",""caption-linebreaks"":""PATTERN PROBABILITY STRATEGY,\nVERSION 2.0
Curtis Arnold
5585 Center Street
Jupiter, FL 33458
Phone: 407-747-1554
Product: Partially disclosed, chart pattern trading system
Price: $2,495. Demo, $95.
Required: IBM compatible with MS-DOS 3.3 or higher, 640K RAM, CGA or better; 286 or later CPU,\nhard drive and color monitor recommended; 1.3-megabyte space on hard drive and Technical Tools or\nCSI data.
Curtis Arnold always struck me as a gutsy guy. He went through some hard times but always managed to\nbounce back and usually with a productive idea in trading. This time, he's produced a trading system\nbased on his study of the probable results of varying chart patterns taking place in bull or bear trends: the\npattern probability strategy (PPS).
The exact strategy is not disclosed. The printed material with the software describes a two-moving\naverage trend identification linked with signals coming from breakouts (\""thrust\"") from consolidation\npatterns within the trend. Included in the 21-page manual is a rough description of 17 different variables,\nsome of which you may tweak."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-14-552-553-quick-scans-pattern-probability-strategy-version-2-0-20.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-14-552-553-quick-scans-pattern-probability-strategy-version-2-0-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-14-552-553-quick-scans-pattern-probability-strategy-version-2-0-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1155quicdow,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 11:14 (554-555): Quick-Scans: DOW JONES SPREADSHEET LINK 2.0"",""caption-linebreaks"":""DOW JONES SPREADSHEET LINK 2.0
Dow Jones & Company, Inc.
PO Box 300
Princeton, NJ 08543-0300
800-522-3567 ext. 392
Product: Automatic data download to spreadsheet data formats.
Price: $149, discounted for current Dow Jones News/Retrieval customers.
Equipment: IBM compatible with 640K RAM. Excel 3.0, Lotus 1-2-3 version 2.3 or Quattro Pro 4.0.
Those who would rather crunch numbers on their spreadsheets than go through the sometimes arcane\nprocesses of packages designed just for trading will welcome Dow Jones's Spreadsheet Link 2.0, which\ncan gather data and news from Dow Jones News/Retrieval and deposit it all on your hard disk in a format\nreadable by Excel, Lotus 1-2-3 or Quattro Pro.
This is not the nutty idea it appears to be. Spreadsheet calculation and display capabilities have become\nso overwhelmingly powerful that even the diehard technicians at STOCKS & COMMODITIES use them for\nanalyses. Today's extraordinary macro capabilities and formatting make routine daily analysis—custom\nprogrammed by you—very feasible."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-14-554-555-quick-scans-dow-jones-spreadsheet-link-2-0-20.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-14-554-555-quick-scans-dow-jones-spreadsheet-link-2-0-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-14-554-555-quick-scans-dow-jones-spreadsheet-link-2-0-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1155quictra,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 11:14 (556-557): Quick-Scans: TRADING RECIPES, VERSION 1.04"",""caption-linebreaks"":""TRADING RECIPES, VERSION 1.04
RW S YSTEMS
5757 Westheimer, suite 3-239
Houston, TX 77057-7829
Phone: 713 953-7829
Product: Trading system development package with day-to-day portfolio and money management\ncapability.
Price: $650
Equipment requirements: IBM-PC compatible, color monitor, minimum 20-megabyte (MB) hard\ndrive (requires 5 MB), floppy drive, 3 MB EMS, DOS 3.1 or higher. Math coprocessor recommended.
System building has come a long way since the computer age hit trading in the early 1980s. Now you can\npay for software that can create trading systems automagically but can't necessarily fully disclose what it's\ndoing. (Neural networks come to mind.) On the other end of the curve are the programmable packages\nthat set up a spreadsheet-like format and English-like commands to allow you to construct your own\nindicators and trading signals. Rw Systems' Trading Recipes falls into the latter category, focusing on\ndeveloping trading systems, portfolio and money management rules for futures markets."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-14-556-557-quick-scans-trading-recipes-version-1-04-21.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-14-556-557-quick-scans-trading-recipes-version-1-04-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-14-556-557-quick-scans-trading-recipes-version-1-04-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1155quicper,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 11:14 (557-557): Quick-Scans: PERSONAL STOCK TECHNICIAN"",""caption-linebreaks"":""Personal Stock Technician has standard indicators as well as a brief manual with a great table of\ncontents.
PERSONAL STOCK TECHNICIAN
Version 1.01
RazorLogic Systems
P.O. Box 112
Kneeland, CA 95549
Phone: 800 500-0444
Fax: 707 668-4055
Online order: 707 668-4028
Product: Stock market technical analysis and tracking software
Equipment requirements: IBM PC, XT, AT, Ps/1 or 2 or 100% compatible. D OS 3.1 or higher.512K\nRAM. Monochrome or color graphics card (Hercules, CGA/ EGA/VGA).
Data: Dow Jones News/Retrieval, CompuServe, Prodigy or keyboard entry
Price: $99.50 retail. Direct: $69.00
Easy data access, quick and easy charting, some indicators, maybe even a projection or two, all preferably\nfor not a lot of money. Sound familiar? These are often the requirements to start using a computer to\ntrade. At this stage, to use an analogy, you probably don't want to buy a $2,600 Hasselblad camera when\nyou can get by with a $39 Fuji. Personal Stock Technician fills this need and throws in nifty bells and\nwhistles besides."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-14-557-557-quick-scans-personal-stock-technician-21.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-14-557-557-quick-scans-personal-stock-technician-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-14-557-557-quick-scans-personal-stock-technician-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1155quicadt,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 11:14 (558-558): Quick-Scans: ADVANCED TOTAL INVESTOR Version 3.0"",""caption-linebreaks"":""ADVANCED TOTAL INVESTOR Version 3.0
Village Software
186 Lincoln Street
Boston, MA 02111
Phone: 617 695-9332,800 724-9332
Fax: 617 695-1935
Product: Integrated portfolio management and technical analysis template software
Equipment requirements: IBM PC or compatible; DOS or Windows. Lotus 1-2-3, Quattro Pro for DOS,\nMicrosoft Excel for Windows and compatible spreadsheets.
Data: Dow Jones News/Retrieval, Prodigy, CompuServe, Signal, Genie, Telescan.
Price: $129
If the spreadsheet has become the de facto analytical tool of the business community, then it makes sense\nto add more tools on to it to handle more jobs rather than buy custom software for each individual job.\nVillage Software, with more than 100 spreadsheet add-ins, has one add-in that's oriented to technical\ntraders: Advanced Total Investor 3.0 (ATI).
For just $129, you get a familiar spreadsheet format, charting, 40 familiar technical indicators, portfolio\ntracking, and data downloading from Dow Jones, Prodigy, CompuServe, Signal, Genie or Telescan\nthough the data link will cost you an extra $30-50."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-14-558-558-quick-scans-advanced-total-investor-version-3-0-21.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-14-558-558-quick-scans-advanced-total-investor-version-3-0-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-14-558-558-quick-scans-advanced-total-investor-version-3-0-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1155quicfre,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 11:14 (559-560): Quick-Scans: FREESTYLE TRADER Version 1.13"",""caption-linebreaks"":""FREESTYLE TRADER Version 1.13
Ondossagon Software
Route 1, Box 145F
Washburn, WI 54891
Phone: 715 373-5438
Product: Visual programming system for trading analysis
Equipment requirements: Apple Macintosh with System 7.0 or later, 4 MB RAM and a hard drive.
Price: $169
What would a product, developed far away from the hustle and bustle of the financial centers, trading via\ncomputer links, be like as a trading package? Rich Schroedel has created a unique package, completely\ngraphic, which runs on the graphics platform of Apple's Macintosh computers. Freestyle Trader is\ndesigned to make the creation of indicators and their graphs completely, well, graphic. No (or little)\nformulating or typing is needed.
For example, Figure 1. First, pop up a node that reads \""graphic window.\"" Then get a node that says\n\""graph.\"" Finally, add a node that says \""Use the S&P.\"" Draw arrows between them to indicate they are\nrelated and dependent on each other. Adding an average is just as simple: pop up an average node —\nconveniently available from a list (Figure 2) — specify the days and hook it into the graphs and data\nnodes (Figure 3). Select RUN: Figure 4."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-14-559-560-quick-scans-freestyle-trader-version-1-13-21.gif"",""height"":""263"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-14-559-560-quick-scans-freestyle-trader-version-1-13-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-14-559-560-quick-scans-freestyle-trader-version-1-13-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1156firalve,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 11:14 (561-566): First Alert version 2.0 by John Sweeney"",""caption-linebreaks"":""First Alert\nversion 2.0\nby John Sweeney
Roberts-Slade, Inc.
619 North 500 West
Provo, UT 84601
Phone: 801-375-6850,800-433-4276
Product: Real-time quotes, graphics, analysis
Price: $ 195 per month plus installation of $500; 10% off for annual payments in advance.
Equipment: IBM compatible machine, 386 or higher, with OS/2 2.0; 8-megabyte RAM, 120 MB hard\ndrive, printer and serial port.
Datafeeds: Signal, Bonneville, Reuters, ComStock, PC Quote, Knight-Ridder.
There can never be too much information, too much of a hook to the action! Real-time trading systems\ncater to this yearning, and one of the prime competitors and first competitors is Roberts-Slade, Inc. (RSI),\nout of Provo, UT.
RSI, which was started more than 10 years ago in true started-in-a-garage entrepreneurial style, still leads\nin providing high-powered analytics to retail and institutional traders. First Alert is RSI's effort at\nexploiting the power of IBM's fairly new operating system, OS/2. OS/2 brings to the DOS world a variation\nof the Macintosh operating interface, which makes running First Alert more pleasant and effective.\nGenerally, both First Alert and OS/2 succeed."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-14-561-566-first-alert-version-2-0-by-john-sweeney-21.gif"",""height"":""263"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-14-561-566-first-alert-version-2-0-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-14-561-566-first-alert-version-2-0-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1156sidworw,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 11:14 (561-566): SIDEBAR: WORKING WITH OS/2"",""caption-linebreaks"":""WORKING WITH OS/2
Having migrated back and forth among the old Digital Research's control program for microprocessors\n(C/PM), Microsoft disk operating system (DOS) and the Macintosh for the last eight or nine years, I\ngreeted IBM's Operating System/2 (OS/2) with some suspicion. I'd already seen Windows and thought it\ndeficient. Now I was faced with IBM's version. That it came with 22 disks and occupied 27 megabytes\n(MB) on our hard disk did nothing to allay my fears.
OS/2 has some good features if you must work with an IBM-compatible machine. For one thing, it can use\nall the extra single inline memory modules (SIMMs) you can stuff into the machine. You can't assign more\nthan 640K to any one \""session\"" (as IBM calls it; \""window\"" to ordinary mortals), but each window gets far\nmore memory than it typically gets under DOS . Management of extended and expanded memory is\nseamless."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-14-561-566-sidebar-working-with-os-2-21.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-14-561-566-sidebar-working-with-os-2-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-14-561-566-sidebar-working-with-os-2-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1156threneu,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 11:14 (567-570): Three Neural Net Evaluations by John Kean"",""caption-linebreaks"":""Three Neural Net Evaluations\nby John Kean
As interest in using neural nets for trading the markets has grown, so has interest in the products being\noffered. We will discuss three of these: @ Brain, a new entry from Talon Development, and Brainmaker\nStandard and Brainmaker Professional, two veteran products from California Scientific Software.
For those unfamiliar with this type of software, it's a form of artificial intelligence that, rather than being\ntaught what to do by human beings, teaches itself. Neural networks are composed of layers of processors\n(neurons) connected to each other by variably weighted links. The neural networks with the greatest\napplication in finance and market prediction typically have three types of layers: First, an input layer\nthrough which data has been selected and processed by the user; second, one or more hidden layers in\nbetween that are connected to both the input layer and the third layer, which is called the output layer. It\nis at the output layer that the user receives the estimates generated by the program.
In training a net for market predictions, usually the user builds a file of historical data that he or she\nbelieves can be used to predict a change in stocks, bonds, gold or whatever. Each line of the file contains\nhistorical information along with a subsequent change that has occurred. The number of lines depends on\nhow many time periods (days, weeks, months) it is designed to train over. Neural nets best learn the\ngeneral characteristics of a problem by looking at many examples. As the neural net program trains itself,\nit seeks to minimize the number of errors between its estimates (outputs) and what actually occurs\n(patterns). After the user has trained and tested a net he's satisfied with, he then feeds in current inputs\nand the net produces current outputs (predictions)."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-14-567-570-three-neural-net-evaluations-by-john-kean-21.gif"",""height"":""261"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-14-567-570-three-neural-net-evaluations-by-john-kean-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-14-567-570-three-neural-net-evaluations-by-john-kean-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1157opprove,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 11:14 (571-572): Option Pro Version 1.0 John Sweeney"",""caption-linebreaks"":""Option Pro\nVersion 1.0
—John Sweeney, Technical Editor
ESSEX TRADING COMPANY, L TD.
24 West 500 Maple Avenue, suite 108
Naperville, IL 60540
800-726-2140, 708-416-3530
Product: Options evaluation package with trading signals for the OEX.
PRICE: $795.Tradefinder: $195.Demo: $79.
Equipment: IBM compatible; DOS 3.0 or higher; Windows 3.1 (OS/2.1 if Windows is to be run under\nOS/2); 1.7 megabytes on hard drive; 2 megabytes of RAM; VGA/EGA/ CGA or Hercules graphics; mouse.
Say, want a fast options trading program with a good OEX track record? Want something that can help\nyou analyze new options positions? Essex, better known for trading systems on currencies and financials,\nhas come up with Option Pro, a slick Windows 3.1 (not 3.0) program that meets these needs.
I found Option Pro to be very quick, at least on a Dell 486/33. Daily signals (Figure 1) took maybe five\nseconds; five years' historical analysis took 11 seconds (Figure 2). In fact, it's so simple to nun and so fast\nthere's a sense of anti-climax. I found myself popping menus looking for something to do!
In the process, I found you could make nice graphs (Figure 3) with TRIN included. You could update your\ndata (OEX and TRIN) from any of six sources (Figure 4), including Signal's real-time datafeed, or you\ncould enter five numbers a day manually. You could print out voluminous reports on every conceivable\nweirdly named position, reports you can carry with you during the day when you're away from your\nmachine. What the hey: Option Pro will even calculate TRIN for you if you can 't find it in your daily\nnewspaper."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-14-571-572-option-pro-version-1-0-john-sweeney-21.gif"",""height"":""261"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-14-571-572-option-pro-version-1-0-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-14-571-572-option-pro-version-1-0-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1157navpat2,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 11:14 (573-575): NAVA Patterns 2.0 John Sweeney"",""caption-linebreaks"":""NAVA Patterns 2.0\n—John Sweeney, Technical Editor
NAVA DEVELOPMENT CORP.
251 -A Portage Road
Lewiston, NY 14092
800-532-0041,716-754-9254
Product: Price pattern recognition, analysis and forecasting software
Price: Program and manual, $495. Reliability module, $195. $595 for both. Free demo disk.
Equipment: IBM compatible 286 or faster, 1.2+ megabytes (MB) on your hard disk, floppy drive, EGA\nbetter, 640K RAM, MS-Dos 3.0 or later.
Say you're staring at a chart and you could swear you've seen this pattern before. But what's tingling\nyour brain? Maybe it's the price pattern. Has it really happened before? Undoubtedly. What did prices do\nnext when this pattern popped up before? Can't remember. Is there a low-cost way to find out?
Now there is a low-cost research tool for chart pattern users with access to a computer. With NAVA\nPatterns, you select the formation you like (up to 30 bars' worth) and specify which characteristics you\nwant to use to identify it, and the software checks back through all the past data it has available to see if\nthat particular combination has occurred be- from those dates. You may edit data fore. If it did, it records\nthe subsequent modestly from within Patterns, so most action for the next one to 250 bars. It will data\nmanipulation (including making monitor price action and even forecast your own patterns) can be done\nwithin what will happen next when it finds a the program. As for interface, Patterns matching pattern."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-14-573-575-nava-patterns-2-0-john-sweeney-20.gif"",""height"":""261"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-14-573-575-nava-patterns-2-0-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-14-573-575-nava-patterns-2-0-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1157dyndevv,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 11:14 (576-578): DynaMind Developer Version 3.0 by Lou Mendelsohn"",""caption-linebreaks"":""DynaMind Developer\nVersion 3.0\nby Lou Mendelsohn
NEURODYNAMX, INC.
PO Box 323
Boulder, CO 80306
(303) 442-3539
Product: Application combining graphic user interface with tools needed to create, train, test and\nembed neural networks.
Requirements: IBM compatible machine with 80286/386/486 central processing unit (CPU). An Intel\n80287/80387 numeric coprocessor is not required but will decrease training time. Minimum of 640K\nRAM and DOS 3.0 or higher. Can be accessed for processing large input/output (I/O) data sets if\nextended memory is available. EGA/VGA monitor necessary. Mouse is recommended but not\nrequired.
Price: $495 for the DynaMind Developer, which includes DynaMind version 3.0 and NeuroLink\nversion 2.0. DynaMind 3.1 can be purchased as a standalone application for $195 without the\nNeuroLink library.
Neural networks represent an innovative technology that has recently generated much _ excitement in\nthe financial industry. Their ability to adapt or generalize to new situations from provided examples gives\nthem an advantage over other methods of forecasting and modeling that follow sequential patterns or\nrequire expert knowledge. To arrive at the best choice of inputs, preprocessing, architecture, training and\ntesting for a specific neural network application, often it is necessary to use several development tools in\ncombination. This is particularly l true given the different capabilities and functionality offered by such\ntools coupled with the technical challenge of designing neural networks capable of making highly\naccurate forecasts in the financial markets. DynaMind Developer is one neural network development\npackage that we have found useful with which to build prototypes of neural networks."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-14-576-578-dynamind-developer-version-3-0-by-lou-mendelsohn-20.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-14-576-578-dynamind-developer-version-3-0-by-lou-mendelsohn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-14-576-578-dynamind-developer-version-3-0-by-lou-mendelsohn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1157metreal,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 11:14 (579-581): MetaStock Real Time 3.5 by Thom Hartle and John Sweeney"",""caption-linebreaks"":""MetaStock Real Time 3.5\nby Thom Hartle and John Sweeney
Equis International Inc.
3950 South 700 East, Suite 100
Salt Lake City, UT 84107
Phone: 801-265-8886,800-882-3040
Product: Real-time quotes, technical analysis, graphics and system testing.
Price: Real Time, $495. Regular version (end of day), $349. Upgrade from 3.0, $49 to $89. For\nend-of-day quotes, DownLoader Signal specific, $39.
Equipment: Signal datafeed; Intel 286 or better machine (386 recommended) with 640K RAM\nconventional memory, hard drive with 3.2 megabytes (MB) or more, DOS 3.0 or better, EGA/VGA\ngraphics. Supports up to 3 MB of Lotus/ Intel/Microsoft Expanded Memory Specification (LIM EMS)\n4.0.
Over the years, MetaStock has grown into a true power-house, having bested in the market\ninnumerable other entrepreneurs and several major corporations in its niche—data management, charting\nand technical analysis for retail (and many institutional) customers.
My theory for this is that folks were us attracted by the access to many data sources and the pricing;\nretained by ease of use and support; and kept excited by the regular stream of upgrades bubbling out of\nSalt Lake City. MetaStock brought movable graphic windows to the DOS world before before Microsoft\ndid, built in nearly every indicator (more than 65) that any trader would use N and, when lagging in the\nability to create indicators, quickly introduced a formula d builder and system testing capability that met\nthe needs of most traders. The main users' manual is close to 500 pages and easy to follow, loaded with\nexamples, suggested interpretations of indicators and tips for the user.
MetaStock RT seems to be the logical follow-on: a real-time package with all the features we're used to\nticking away in real time. That sounds simple, but geez! it's real time . Anyway, how did the drudgery of\ninstallation go? Not worth talking about. Signal was already installed, and MetaStock installed itself.\nWhen I was ready to go real time, I shut down the Signal quote display program to avoid any port\nconflicts and then fired up MetaStock. I had been warned to turn off our Smart Drive\nterrninate-and-stay-resident (TSR), which I did."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-14-579-581-metastock-real-time-3-5-by-thom-hartle-and-john-sweeney-20.gif"",""height"":""261"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-14-579-581-metastock-real-time-3-5-by-thom-hartle-and-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-14-579-581-metastock-real-time-3-5-by-thom-hartle-and-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1158aiqtrad,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 11:14 (582-585): AIQ TradingExpert 2.5 by John Sweeney"",""caption-linebreaks"":""AIQ TradingExpert 2.5\nby John Sweeney
AIQ INCORPORATED
916 Southwood Boulevard
PO Box 7530
Incline Village, NV 89450
Phone: 702 831-2999, 800 332-2999
Product: Artificial intelligence trading signals with graphics, canned technical indicators, portfolio\nmanagement and options analysis. Works with market timing, equities, indices, index options and\nequity options.
Price: $996; $1,245 with index or stock options capability. 30-day trial package, $88.
Equipment: IBM PS/2, 286, 386 or true compatible; DOS 3.0 or later; 640K RAM (can use expanded\nextended memory with LIM 3.2 or greater); Hayes-compatible modem; IBM/Epson-compatible graphics\nprinter or HP printer; 20 MB-plus hard disk space; graphics board and monitor. Appears to run under\nWindows or OS/2, but AIQ does not support this yet.
Datafeed: IDC, Dial Data, Dow Jones News/Retrieval
Fads come and go in trading, but certain stick-to-it personalities persist. Knowledge engineer J.D.\nSmith is still driving AIQ Incorporated and its similarly named products on to bigger and better things.\nThe latest of these is AIQ TradingExpert, the follow-up to AIQ StockExpert, AIQ IndexExpert, AIQ\nOptionExpert and AIQ MarketExpert.
All these hold the view that enough rules, consistently applied, significantly increase the chances of a\ngood call. The opposing statistical view is that too many rules overly fit the decisions to past data,\nthereby actually reducing reliability. For AIQ Inc., though, the classic artificial intelligence argument\nmarches on; AIQ TradingExpert is a new and improved version of StockExpert and MarketExpert. It\nattempts to blend 160 rules for predicting broad market behavior with those forecasting the behavior of\nindividual stocks.
Within the elaborate network of rules, TradingExpert tries to come up with situations where it's highly\nlikely there will be a change in the direction of price. TradingExpert is said to evaluate whether the\nmarket is trending up or down, cresting or not, and then examines all the price, volume and breadth\ninformation available to come up with the likelihood of change. Some of this is available for your review\nas examples; in addition, hitting a \""?\"" will generate an English explanation of what triggered the signal.\nThis will usually be the news that an exponentially smoothed average has headed north or south. The\ncomplexities of 160 nodes are not revealed. It's all summarized in two little numbers on the lower right of\nyour screen (Figure 1)."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-14-582-585-aiq-tradingexpert-2-5-by-john-sweeney-20.gif"",""height"":""261"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-14-582-585-aiq-tradingexpert-2-5-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-14-582-585-aiq-tradingexpert-2-5-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1158supver1,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 11:14 (586-589): SuperCharts Version 1.03 by Robert D. Flori"",""caption-linebreaks"":""SuperCharts\nVersion 1.03
by Robert D. Flori
OMEGA RESEARCH, INC.
9200 Sunset Drive
Miami, FL 33173
305 270-1095 or 800 556-2022
Product: Windows-based technical analysis software.
Price: Program and manuals, $295
Equipment: IBM compatible, 286 or faster, 5MB hard disk space; Dos 3.0 (5.0 recommended);\nWindows 3.0 (3.1 recommended); Microsoft-compatible mouse.
SuperCharts is to a DOS-based graphing program as a racehorse is to a Shetland pony. For Windows\nusers, this program is hard to beat. It's fast, it's easy and it's very powerful. After you get the defaults set\nthe way you like, 90% of your work will be done with the mouse and icons—not the keyboard.\nInstallation is a breeze . When my package arrived, I followed the directions and put the disks in drive A:, typed SETUP, put in my name plus the serial number of the package and that was it. A minute or so later\nSuperCharts was installed, with a separate group window sporting an icon for SuperCharts itself, another\nfor connection to Omega Research's electronic bulletin board—a nice touch—and a third for its built-in\ntutorial. Voilà. That was it.
The 267-page spiral-bound manual is clear and concise. Because I've seen a lot Of programs, I 've\ndeveloped into a manual reader, but SuperCharts' developers understand that most of SuperCharts '\npotential customers are not. To help the \""I won't read a manual even if my life depends on it\"" group,\nOmega also provides a slim 58-page booklet called Getting Started. It's a tutorial in hard copy that steps\nyou through all the important functions in apainless way. In addition, Omega offers a videocassette\nnarrated by Bill Cruz, Omega Research's president. Although the sound on my copy wasn't top quality,\nCruz does a fine job of illustrating just how SuperCharts can be used."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-14-586-589-supercharts-version-1-03-by-robert-d-flori-20.gif"",""height"":""261"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-14-586-589-supercharts-version-1-03-by-robert-d-flori-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-14-586-589-supercharts-version-1-03-by-robert-d-flori-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1159modprof,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 11:14 (590-591): ModelWare Professional Version 2.0 by John Sweeney"",""caption-linebreaks"":""ModelWare\nProfessional Version 2.0\nby John Sweeney
TERANET IA INC.
1615 Bowen Road
Nanaimo, BC V9S 1G5
Canada
Phone: 604 754-4223 or *800 663-8611
Product: Proprietary numerical modeling and forecasting software.
Price: $595
Equipment: IBM compatible with 640K RAM; EGA/VGA graphics; Dos 3.1 or better; math\ncoprocessor; 3 MB hard disk space.
Why would we want to imitate the human brain? Sure, we've all read numerous reassuring stories\nabout the brain's storied capabilities—\""It's so much more powerful than the best computer\"" and all that. However, have the results of all humanity's brainwork, applied to trading, been so great? Academicians\nare only recently finding evidence of extraordinary returns generated by human brainpower. Nevertheless, the siren call of science (\""We have a model that can do things better than you, nyah nyah\"")\nconstantly returns. ModelWare is of that genus.
ModelWare trains on historical data like a neural net or artificial intelligence product but uses its own\nproprietary \""universal process modeling\"" algorithm. Needless to say, if you've read ads in trading\nmagazines, this model was developed in a suitably high-tech environment, where it is now safely\nprotecting us all from nuclear destruction.
Since we don't, as usual in the blackbox business, know how the model has come to its conclusions, we\nmust judge by the results. These, in turn, rely on the data you select to feed the model, whether you\nactually succeed in getting the data into the model, the model's success in formulation and your success in\ninterpretation. This is more work than the average trader will bear, frankly."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-14-590-591-modelware-professional-version-2-0-by-john-sweeney-20.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-14-590-591-modelware-professional-version-2-0-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-14-590-591-modelware-professional-version-2-0-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1159stocpro,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 11:14 (592-594): Stock Prophet by Mark Waller"",""caption-linebreaks"":""Stock Prophet\nby Mark Waller
FUTURE WAVE SOFTWARE
1330 S. Gertruda Ave.
Redondo Beach, CA 90277
Phone: 310 540-5373
Product: Technical analysis package and interface capability for preprocessing data for BrainMaker\nneural network.
Price: $995
System requirements: IBM-PC compatible, EGA/VGA; no CGA, no Hercules support. 256K video\nmemory. At least 500K of free RAM memory; hard drive. Stock market data in CompuTrac or\nMetaStock data format. Dos version 3.3 or higher.
Optional: BrainMaker neural network software (highly recommended). Math coprocessor.
Commercial price data source and downloading software.
Printer: Epson FX, EX, LQ or HewlettPackard LaserJet compatible.
Neural networks fascinate me. Anyone who studies what they are and how they work is immediately\nstruck by how they can be adapted to predicting stock patterns and market turns. I was convinced that\nneural networks could be a valuable tool for me, so I finally bought BrainMaker and settled in for the\nchallenge of seeing my small portfolio grow as I maneuvered through the cycles of the market.
Months went by. I spent hours in front of the computer trying this and trying that. It wasn't that\nBrainMaker was a bad program, oh no; it had lived up to my expectations. No, my problem was what I\nhad read in every article and advertisement dealing with neural networksÑ preprocessing the data. And\npreprocessing sounds so straightforward, but it hides hundreds of man-hours of number-crunching\nthrough numerous spreadsheets, all of which involves thousands of keystrokes and a mind-numbing\nnumber of steps that have to be just right for the neural network to be set up properly for BrainMaker to\ndigest it. It can take several hours just to set up the training file and then several hours, in some cases, to\ntrain the network.
It was only then I asked myself, \""Hm, should I have tried another technique?\"" By then, of course, the\ngrass was two feet high and my house needed painting. I was through with neural networks! I knew that\nthe choice of input data was the key to success, but the work involved in setting up the data, good or bad,\nwas too much."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-14-592-594-stock-prophet-by-mark-waller-20.gif"",""height"":""261"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-14-592-594-stock-prophet-by-mark-waller-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-14-592-594-stock-prophet-by-mark-waller-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1159encharm,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 11:14 (595-596): Enhanced Chartist Macintosh, version 2.73a John Sweeney"",""caption-linebreaks"":""Enhanced Chartist\nMacintosh, version 2.73a\n—John Sweeney, Technical Editor
ROBERTS-SLADE, INC.
619 North 500 West
Provo, UT 84601-1547
Phone: 800 433-4276, 801 375-6850
Fax: 801 373-2775
Product: Real-time data acquisition and technical analysis package.
Price: $1,295 plus $395 a year.
Equipment requirements: Apple Macintosh II or better, 2 megabytes free RAM, RS232 serial cable\nfor datafeed from satelIite or FM receiver, 30 MB or more hard disk drive. In addition, the Chartist can\nuse any Macintosh-compatible printing device, any high-resolution Mac-compatible large screen and\nup to six Mac-compatible monitors. (This product is also available for IBM-compatible machines.)
The last time I saw the Chartist series for the Macintosh was Master Chartist. This was back when it\nwas one of the pioneers of the Macintosh world, using the superb built-in drawing and 72 dots-per-inch\nscreen to produce better graphics than anything that DOS could provide. Of course, the situation is much\nmore competitive now, and Enhanced Chartist is a much more powerful package, obviously fine-tuned\nover the years to users' needs. But it still takes good advantage of the Mac platform, though in many\nsenses, its programming hearkens back to those years.
Installation, for instance, can be somewhat tricky. The manual for the Enhanced Chartist needs to be\nupdated, as it is currently incomplete and on occasion inaccurate, although I'm told an update is in the\nworks. Getting data setup requires hand-holding from developers Roberts-Slade, and there was no way to\nimport existing data to match up with the new data. There is a utility available from Roberts-Slade, but it\nwas not included in the package. Do not let this discourage you. Once you get past this, the Enhanced\nChartist is a beauty to use on a day-to-day basis."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-14-595-596-enhanced-chartist-macintosh-version-2-73a-john-sweeney-20.gif"",""height"":""261"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-14-595-596-enhanced-chartist-macintosh-version-2-73a-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-14-595-596-enhanced-chartist-macintosh-version-2-73a-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1159tecplus,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 11:14 (597-600): TechniFilter Plus version 7.1 by John Sweeney"",""caption-linebreaks"":""TechniFilter Plus\nversion 7.1\nby John Sweeney
RTR SOFTWARE INC.
19 W. Hargett Street, #204
Raleigh, NC 27601
Phone: 919 829-0786
Fax: 919 829-0891
Product: Technical analysis screening, reporting and system-testing package.
Equipment requirements: IBM AT or PS/2 compatible with 640K RAM. CGA/EGA/VGA or Hercules\ngraphics adapter; hard disk drive with at least 2 MB available memory; IBM Proprinter, Epson dot\nmatrix or Hewlett-Packard LaserJet printer; DOS 3.1 or later, but 5.0 is recommended. Compatible\nwith Windows 3.1. Hasn't been officially tested under OS/2, but it ran well for us.
Data sources: MetaStock, Dow Jones, CompuTrac, Savant (Technical Investor), Inmark (Market\nMaker), TC2000.
Price: $399
\""The Technical Analyst's Dream Machine\"" is what developer RTR Software bills TechniFilter Plus\nas. Indeed, the aspirations are great: match issues with specific technical patterns, create indicators that\nno other package can match, test buy/sell strategies, optimize strategies, chart the indicators and\nstrategies and do it all automagically, without human hand-holding.
RTR Software has always been a purist's delight. The company developed TechniFilter in the early days of\ncomputerized technical analysis, and driving force Clay Burch has consistently improved it, all the while\npublishing one of the best company newsletters available. Every other month, the newsletter comes up\nwith new indicators or trading systems. For those developing systems, the newsletter alone is a must-read.
Now, along with the TechniFilter Plus package comes RTR'S \""Reports, Strategies and Formulas,\"" a\ncompilation of formulas for just about anything, screening reports and 18 trading strategies, all of which\nhave been developed and tested over the years that RTR has published TechniFilter Plus and its\nnewsletter. Together with a manual that's doubled in size since its introduction, it's a sweet package for a\nvery reasonable price."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-14-597-600-technifilter-plus-version-7-1-by-john-sweeney-21.gif"",""height"":""261"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-14-597-600-technifilter-plus-version-7-1-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-14-597-600-technifilter-plus-version-7-1-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1160ntrainv,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 11:14 (601-602): N-Train Version 1.1 by John Sweeney"",""caption-linebreaks"":""N-Train\nVersion 1.1\nby John Sweeney
SCIENTIFIC CONSULTANT\nSERVICES, INC.
20 Stagecoach Road
Selden, NY 11784
Phone: 516 696-3333
Product: Neural net development package
Equipment requirements: IBM compatible 386 or better with 32-bit numeric coprocessor. DOS 3.0 or\nhigher. No hard disk drive required if there is enough space on floppy disks. Cannot run under\nWindows or OS/2, but a Windows version is to be released soon.
Price: $747 for N-Train; $159 for TradeNet module.
It looks as if the neural net idea I may not follow the fads of the past: more and more of these products\nare appearing—and selling. Where I could once recall off the top of my head two or three\ntrading-oriented neural network packages, my latest count showed 12. Of these, one that is prepared for\nheavier duty is N-Train, which supports fast, full 32-bit addressing as well as 64-bit numeric processing\nfor accurate adjusting of weights while building networks.
One nifty feature of N-Train is the TradeNet module. This program supplies the hook between\nTradeStation (2.0 or higher) and N-Train. You can see the neural net's indicator directly in TradeStation's\ngraphics, plus TradeStation is able to set up the fact files (the raw data) that the neutral network will use\nto come up with its solution. Though this does not aliminate the interface issues with N-Train, it is an\norder of magnitude more efficient and effective for a trader than doing things in DOS or working from\nwithin a spreadsheet.
N-Train itself is not your modern gee-whiz package for spectacular color graphics, point-and-click\ninterface and 101 preprogrammed indicators built for the masses of retail traders. This is a workaday\npackage of programs for a user skilled in file handling, spreadsheet import/export, spreadsheet\nformulations and even a little C++. This is the real thing, rawly presented in the cold, black screen of\nDOS. If a slowly blinking cursor waiting for your typed commands gives you chills, if picking up hints of\nproblems from the way DOS displays a file or flashes an error message isn't your cup of tea, read no\nfurther."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-14-601-602-n-train-version-1-1-by-john-sweeney-21.gif"",""height"":""261"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-14-601-602-n-train-version-1-1-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-14-601-602-n-train-version-1-1-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1160adgetve,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 11:14 (603-606): Advanced GET Version 5.0 by Barbara Star, Ph.D."",""caption-linebreaks"":""Advanced GET\nVersion 5.0\nby Barbara Star, Ph.D.
TRADING TECHNIQUES, INC.
677 Turkeyfoot Lake Road
Akron, OH 44319
Phone: 216 645-0077
Product: Automatic Elliott wave and Gann analysis package, plus other technical indicators for\nstocks, commodities, indices and mutual funds.
Developer: Tom Joseph
Programmers: Eric Scott Hunsader, Michael Phillips
Equipment requirements: IBM compatible\n386/486. Uses approximately 6 megabytes of hard-drive space. This program cannot be run from\nfloppies. 512 RAM minimum; 2 megabytes recommended. DOS 3.2 or higher. Mouse required\n(Microsoft compatible). Supports EGA/VGA/SVGA, but does not support Hercules. Epson-compatible\ndot matrix or PostScript Hewlett-Packard LaserJet compatible printer, and both DeskJet and\nDeskWriter printers (including color).\nData formats: Supports CSI, CompuTrac, Future Source, Genesis, MetaStock, Technical Tools and\nstandard ASCII.
Optional: Videotaped seminar that demonstrates trading techniques using the features in the program.
Price: $2,750, free demo disk. Videotaped seminar is $200 if purchased with software.
Advanced GET underwent major programming surgery since its last review in STOCKS &\nCOMMODITIES. The result: totally awesome features and graphics, not only for commodity traders, as in\nearlier versions, but for stock and mutual fund traders as well. This fully mouse-driven DOS-based\nprogram now sports icons and a graphic user interface that permits multiple windows to be displayed and\nresized on the same screen. Among the many features included are automatic Elliott wave counts,\nautomatic Gann pivot points, angle lines and clusters . In addition, a search feature scans a portfolio to\nsee which securities meet any or all of several technical parameters. Plus there is an automatic cycle\nfinder, price and time analysis, seasonal patterns and correlations for stocks and commodities and price\npattern matching.
The features don't stop there. You can create candlestick charting and analysis, use technical analysis\nindicators and studies, including a trend-finding index created by developer Tom Joseph and, with a\nSound Blaster card, even the ability to record voice comments or observations on each chart."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-14-603-606-advanced-get-version-5-0-by-barbara-star-ph-d-21.gif"",""height"":""263"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-14-603-606-advanced-get-version-5-0-by-barbara-star-ph-d-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-14-603-606-advanced-get-version-5-0-by-barbara-star-ph-d-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1160hnetdis,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 11:14 (607-609): HNeT Discovery Package Version 1.3 by Lou Mendelsohn"",""caption-linebreaks"":""HNeT Discovery Package\nVersion 1.3\nby Lou Mendelsohn
AND AMERICA LTD.
2140 Winston Park Drive, suite 202
Oakville, Ontario, Canada L6H 5V5
Phone: 905 829-0788
Fax: 905 829-0790
Product: Windows application designed to create, train and test neural networks using holographic\nneural technology.
Equipment requirements: IBM compatible with an 80386 or higher processor. A 80387 math\ncoprocessor recommended for 80386 or 80486 SX processors. 4 megabytes RAM required and\nminimum megabytes of hard drive space. VGA/XGA display adapter and monitor. Microsoft Windows\n3.0 or higher; Microsoft-compatible mouse. Printer recommended but not required.
Price: $295.
The neural network system most frequently used for financial forecasting is the feedforward\nback-propagation network that is offered in most commercial neural network development tools such as\nBrainMaker and NeuralWorks. While this system has been successfully applied to a wide range of tasks,\nits training time on complex problems such as financial market forecasting can be considerable. Toward\nfulfilling the goal of reducing training time, a new development tool called HNeT Discovery Package\nsports a network paradigm referred to as holographic neural technology. Through the use of this system,\nHNeT finds near-optimal solutions in substantially less training time than back-propagation networks on\nsimilar applications. In addition, HNeT contains several other features of interest to neural network\ndevelopers."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-14-607-609-hnet-discovery-package-version-1-3-by-lou-mendelsohn-21.gif"",""height"":""261"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-14-607-609-hnet-discovery-package-version-1-3-by-lou-mendelsohn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-14-607-609-hnet-discovery-package-version-1-3-by-lou-mendelsohn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1160sidcomn,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 11:14 (607-609): SIDEBAR: COMPLEX NUMBERS"",""caption-linebreaks"":""COMPLEX NUMBERS
To understand complex numbers we must first establish what real numbers are. The real number system\ncontains all integers and all rational numbers, where rational numbers are all fractions r/s where r and s\nare integers and s NOT EQUALS 0.
The complex number system has the following properties:
1 The complex number system contains all real numbers.
2 The complex number system contains a number (usually denoted by i) such that i 2 = -1.
3 Every complex number can be written in the standard form a + bi, where a and b are real numbers and\ni 2 = -1.
The number i and multiples of i (such as bi) are typically referred to as imaginary numbers. Thus, the\nsum of a real number a and an imaginary number bi (a + bi) is known as a complex number."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-14-607-609-sidebar-complex-numbers-21.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-14-607-609-sidebar-complex-numbers-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-14-607-609-sidebar-complex-numbers-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1161mesver4,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 11:14 (610-612): Mesa Version 4 by John Sweeney"",""caption-linebreaks"":""MESA\nVersion 4\nby John Sweeney
JOHN EHLERS
Box 1801
Goleta, CA 93116
Phone: 805 969-6478
Product: Cycle analysis software with trading signals
Equipment requirements: IBM compatible with DOS 3.1 or higher, one floppy drive, 640K RAM,\nEGA/VGA monitor. Math coprocessor not required but highly recommended. Runs under OS/2 or under\nWindows as a DOS program.
Data formats: Technical Tools, MetaStock, CompuTrac, Commodity Systems Inc. (C SI), ASCII,\nN-Squared, Future-Source.
Price: $350
AS infatuations go, cycles have been one of the longest-lasting affairs that technicians have conducted.\nSince J.M. Hurst's The Profit Magic of Stock Transaction Timing drew attention to cycles and suggested\nways to analyze and sum them, many, many analysts (mostly engineers) have taken a swing at making\nthem work on market data—usually with mixed results.
One of the few successes to result was maximum entropy spectral analysis, better known as MESA, which\nAnthony Warren and Jack Hutson introduced to readers of STOCKS & COMMODITIES in 1984. Engineer\nJohn Ehlers was exposed to the work of John Parker Burg in seismic analysis at a Toronto conference in 1978 and based the development of his product MESA on Burg's graduate thesis, further explicating the\nprocess of cycle analysis in articles in STOCKS & COMMODITIES in the late 1980s."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-14-610-612-mesa-version-4-by-john-sweeney-21.gif"",""height"":""261"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-14-610-612-mesa-version-4-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-14-610-612-mesa-version-4-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1161matver2,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 11:14 (613-614): Mathematica Version 2.0 by Tushar Chande, Ph.D."",""caption-linebreaks"":""Mathematica\nVersion 2.0\nby Tushar Chande, Ph.D.
Wolfram Research, Inc.
100 Trade Center Drive
Champaign, IL 61820-7237
Phone: 217-398-0700
Product: Interactive calculation tool and programming language.
System requirements and prices:
IBM-compatible computer MS-DOS 3.0 or later on a 80386 or higher processor: 8 megabytes of RAM\nrecommended plus 16 megabytes hard-disk space, $595; optional 80287/387 numeric coprocessor\nfor enhanced version, $895.
IBM-compatible computer Windows 3.0 or later or a 80386 or higher processor: 8 megabytes of\nRAM recommended plus 16 megabytes hard-disk space; 80287/ 387 numeric coprocessor for\nenhanced version, $995.
Apple Macintosh: 8 megabytes recommended, $595; optional numeric coprocessor for enhanced\nversion, $895.
Other compatible platforms include: Convex, DG, DEC, HP Apollo, IBM, MIPS, NEC, NeXT, Silicon\nGraphics, Sony, Sun Microsystems.
If you always wanted to do mathematics but were afraid to try, then Mathematica 2.0 is just the package\nfor you. It's simple, fu to use and has powerful graphics. Sure has its limitations, but if you can push the\nprogram to its limits, you are probably mathematician yourself and you can do this stuff in your head\nanyway.
I found it tough to provide a comprehensive review of Mathematica because it is nearly as deep as it is\nbroad. It has many functions I know nothing about. So I decided to review it from the perspective of a\ntechnical analyst or a user working in the financial arena. Detailed Mathematica reviews have appeared\nelsewhere."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-14-613-614-mathematica-version-2-0-by-tushar-chande-ph-d-21.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-14-613-614-mathematica-version-2-0-by-tushar-chande-ph-d-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-14-613-614-mathematica-version-2-0-by-tushar-chande-ph-d-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1161blacorw,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 11:14 (615-617): Black or White Version 1.0 by John Sweeney"",""caption-linebreaks"":""Black or White\nVersion 1.0\nby John Sweeney
TROY STAMAN
40435 County Road 26
Scottsbluff, NE 69361
Phone/fax: 308 635-2808
Product: Fully disclosed futures trading system
Equipment requirements: Pencil and paper or IBM-compatible with 640K RAM, CGA or better\ngraphics. Runs under DOS 5.0 and OS/2 2.0.
Data formats: ASCII, MetaStock, CompuTrac, CSI
Price: System, $395; software, $300.
How about a trading system that works for less than $1,000? Given how much exotic systems are\nbeing peddled for these days, you might be skeptical. However, according to Futures Truth's evaluation\nof the product, Black or White comes in 26th out of 190 in trading Deutschemarks (+152%),53rd in\ntrading Eurodollars (+91 %),78th in trading cotton (+44%), 84th in trading cattle (+35%) and loses only\nwhen invested in heating oil (-99%). More impressively, it places third in systems traded more than two\nyears with a 66% annualized return.
At STOCKS & COMMODITIES, we thankfully leave the heavy number-crunching of evaluating trading\nresults to organizations such as Futures Truth, but when we get in a trading system that is fully disclosed\n(the only kind we evaluate), there's nothing we like better than to give it a workout to see how well it handles trading fundamentals—and try it out on our favorite tradable, of course."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-14-615-617-black-or-white-version-1-0-by-john-sweeney-21.gif"",""height"":""261"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-14-615-617-black-or-white-version-1-0-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-14-615-617-black-or-white-version-1-0-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1161perhotv,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 11:14 (618-619): Personal Hotline Version 6.6 by John Sweeney"",""caption-linebreaks"":""Personal Hotline\nVersion 6.6\nby John Sweeney, Technical Editor
TRENDSETTER SOFTWARE
PO Box 6481
Santa Ana, CA 92706
Phone: 714 547-5005,800 825-1852
Product: Technical analysis and trading system
Equipment requirements: Apple Macintosh with 1.6 MB free RAM. System 6.0 or later; 1200 baud\nmodem or faster.
Price: $595; additional $295 for upgrade to Professional Analyst.
Personal Hotline brings to the Apple Macintosh environment much of the convenience in charting, data\ndownload, analysis and trading that is common in DOS products. To boot, it throws in a proprietary\ntrading model with an excellent track record and, for an additional sum, you can upgrade to Professional\nAnalyst and make the whole thing real-time.
Version 6.6 is an integration as well as an upgrade. Data download, by all accounts (we interviewed five\nusers) a smooth operation, is done within the program via Dial/Data, which also has a super, flat-rate deal\nfor the past two years ' daily data. Personal Hotline automatically scans your files to determine what's\nmissing and orders just what you need. There's even an automated timing facility to handle the job while\nyou're away.
There are other features new to this version. Mutual fund dividends are now available; a small portfolio\nmanagement function has been built in; tradables can be ranked and sorted by their statistical rankings;\non-balance volume is now included; and Gann, Fibonacci, pitchfork and speed resistance lines can all be\ngenerated from a point you select."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-14-618-619-personal-hotline-version-6-6-by-john-sweeney-20.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-14-618-619-personal-hotline-version-6-6-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-14-618-619-personal-hotline-version-6-6-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1162wavwiem,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 11:14 (620-623): WAVE WI$E Market Spreadsheet Version 6.0a by John Sweeney"",""caption-linebreaks"":""WAVE WI$E Market Spreadsheet\nVersion 6.0a\nby John Sweeney
JEROME TECHNOLOGY, INC.
PO Box 403
Raritan, NJ 08869
Phone: 908 369-7503
Product: Technical analysis package for Windows
Equipment requirements: IBM-compatible 386\nor better CPU, hard drive and a 1.2 MB floppy. Microsoft Windows 3.0 or later. V GA monitor; 2 MB\nRAM or more. Mouse and coprocessor optional but recommended.
Data formats: WAV E WI $ E , Commodity Systems Inc. (CCI), CompuTrac, MetaStock, TC2000, ASCII,\nExcel and Symphony.
Price: $150
The spreadsheet is on its way to becoming the paradigm format for information display and\nmanipulation. It is at least from my viewpoint — I use one for accounting, one for scheduling, one for\ncontacts management, one for project management, one for job assignments — you get the idea.\nI've written before about the relative ease, for techies anyway, of using spread-sheets instead of hard\ncoding unique indicators, and more programs are making this facility available. In fact, WAV E WI$E is\nbuilt around a spreadsheet (Figure 1). Lest the numerically disgusted among us be turned off by this, let\nme immediately point out that this is a much-simplified specimen of the spreadsheet species. Many\ncapabilities of today's how to get the menu to function. Though super powered spread-sheets are not\navailable in WAVE WI$E, the result being a tool that most traders will like."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-14-620-623-wave-wi-e-market-spreadsheet-version-6-0a-by-john-sweeney-20.gif"",""height"":""261"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-14-620-623-wave-wi-e-market-spreadsheet-version-6-0a-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-14-620-623-wave-wi-e-market-spreadsheet-version-6-0a-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1162revfree,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 11:14 (625-625): Review Freebies! by John Sweeney"",""caption-linebreaks"":""Review Freebies!\nby John Sweeney
People think reviewers have it made in the shade. \""Freebies!\"" they think. Little do they know. In fact,\nbeing a reviewer is a large pain in the ass. Novice reviewers abound—until they do a few and decide\nthey're tired of it. Professional reviewers learn to live with discomfort.
SHIPPING
First of all, just getting \""all that free hardware and software\"" is a problem. Usually you are set up by the\nmarketing department, which means you bypass the company's normal customer contact people who are\nexperienced—even good at—delivering the goods and answering questions. Instead, someone's secretary\ngets the unenviable job of getting your equipment/software, mailing it to you and, in the case of data\nservices, turning on our account or, more likely, not turning it on."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-14-625-625-review-freebies-by-john-sweeney-20.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-14-625-625-review-freebies-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-14-625-625-review-freebies-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1162recread,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 11:14 (627-627): Recommended Reading List"",""caption-linebreaks"":""Recommended Reading List
Arms, Richard A. [1983]. Volume Cycles in the Stock Market, Dow Jones-Irwin.
Balsara, Nauzer J. [1992]. Money Management Strategies for Futures Traders, John Wiley & Sons.
Brown, Federico, and Marshall Rens [1990]. \""The electronic bulletin board comes of financial age,\""
Technical Analysis of STOCKS & COMMODITIES, Volume 8: March.
Chande, Tushar, and Stanley Kroll [1994]. The New Technical Trader, John Wiley & Sons."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-14-627-627-recommended-reading-list-20.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-14-627-627-recommended-reading-list-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-14-627-627-recommended-reading-list-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v11210tradti,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 11:2 (101-101): Traders' Tips"",""caption-linebreaks"":""TRADERS' TIPS
MetaStock 3.0
Using the built-in stochastic function: MetaStock 3.0 users can use the built-in stochastic function to\ncombine multiple-length stochastics as discussed by Stuart Meibuhrin the December STOCKS &\nCOMMODITIES article \""Multiple-length stochastics.\"" For example, I built a custom formula as shown\nbelow:
(stoch(30,15)+stoch(60,30)+stoch(90,45))/3
to use a combined 30-, 60- and 90-day stochastic. I smoothed the stochastic heavily to see the underlying\ntrend. Users can try different combinations to identify important tops or bottoms. One example is Figure\n1 using the Standard & Poor's 500 index."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-2-101-101-traders-tips-20.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-2-101-101-traders-tips-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-2-101-101-traders-tips-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v11314tradti,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-3"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 11:3 (146-146): Traders' Tips"",""caption-linebreaks"":""TRADERS' TIPS
THRUST OSCILLATOR
From \""Oex and the Thrust Oscillator\"" by Stuart Meibuhr: To display the thrust\noscillator (TO) in MetaStock, you must have data on advancing issues, advancing volume, declining\nissues and declining volume. First, create a composite security for advancing issues and advancing\nvolume. You can do this through the file maintenance menu. Select add from the file maintenance menu\nand choose composite security. Select advancing issues as the first security and advancing volume as the\nsecond security. Next, name the composite and select multiplication as the operator. Repeat these steps to\ncreate a second composite for declining issues and declining volume. Now, load the composite of\nadvancing issues * advancing volume and plot the following custom formula:
..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-3-146-146-traders-tips-20.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-3-146-146-traders-tips-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-3-146-146-traders-tips-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v11418tradti,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 11:4 (186-186): Traders' Tips"",""caption-linebreaks"":""TRADERS' TIPS
ADVANCE-DECLINE LINE AND MCCLELLAN STUDIES I am frequently asked by new MetaStock users how\nto create the advance-decline line and McClellan studies in MetaStock. The procedure for doing this has\nchanged for users who have upgraded to MetaStock 3.0, so I will explain how to create these market\ntiming studies in MetaStock Professional 3.0.
The first step is to collect data for advancing issues and declining issues using two separate files. Next,\ncreate a composite security for these files. This is accomplished from the File Maintenance menu. To\naccess the File Maintenance menu, press [F] or use the File/Data pulldown menu. Select [A]dd and\n[C]omposite security from the File Maintenance menu. Choose adv issues for the first composite security\nand dec issues as the second. Name the composite and choose subtraction as the operator."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-4-186-186-traders-tips-20.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-4-186-186-traders-tips-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-4-186-186-traders-tips-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v11522tradti,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-5"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 11:5 (226-226): Traders' Tips"",""caption-linebreaks"":""TRADERS' TIPS
PERCENT NEW POSITIONS Percent new positions (PNP), which was developed by Don Iglehart of\nStanford University, is used with data on a futures contract. It will tell you the percentage of today's\nvolume that represents new positions being put on, as opposed to existing positions being closed out. PNP\nis expressed as:
..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-5-226-226-traders-tips-21.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-5-226-226-traders-tips-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-5-226-226-traders-tips-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v11627tradti,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-6"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 11:6 (270-270): Traders' Tips by Technical Analysis, Inc."",""caption-linebreaks"":""Traders' Tips by Technical Analysis, Inc.
ON-BALANCE VOLUME Many indicators try to divine from daily data what went on in intraday trading.\nFor example, the simple on-balance volume indicator (OBV) assigns the full impact of a day's full volume\nby the behavior of the closes. For steady-volume blue chips, this is not much of a problem, but it is for\nthinly traded stocks such as the penny stocks. The close could be affected by a small last-minute trade in\na very thin market. Traders of penny stocks will have noticed an adverse sensitivity of the classic\nunmodified on-balance volume indicator (OBV).
My suggestion: Incorporate the high and the low in the calculation of the OBV indicator. I call this\nindicator the multivote OBV. The following formulas assign +3 if all votes agree to a gain and -3 if all\nagree to a loss. If today's high, low and close are all higher than yesterday's, then today's volume is\nmultiplied by +3 and added to the running sum of the volume."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-6-270-270-traders-tips-by-technical-analysis-inc-21.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-6-270-270-traders-tips-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-6-270-270-traders-tips-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v11731tradti,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-7"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 11:7 (316-316): Traders' Tips by Technical Analysis, Inc."",""caption-linebreaks"":""Traders' Tips by Technical Analysis, Inc.
• THE MCCLELLAN OSCILLATOR AND SUMMATION INDEX\nThe McClellan oscillator is the difference between a 19-day exponential moving average (EMA) and a\n39-day EMA of the daily difference between the number of advancing issues and the number of declining\nissues on the NYSE. In Figure 1, the Excel spreadsheet calculates the difference between the advancing\nissues and the declining issues in column D. The formula for calculating the difference beginning with\ncell D2 is:
=B2-C2
The smoothing process begins with column E. An exponential moving average uses the previous day's\nEMA in the calculation. To start calculating the EMA, begin with the raw data to be smoothed as the first\nday' EMA. In cells E2 and F2, the data is copied over from cell D2."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-7-316-316-traders-tips-by-technical-analysis-inc-20.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-7-316-316-traders-tips-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-7-316-316-traders-tips-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v11831sidrel,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-8"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 11:8 (319-324): SIDEBAR: RELEVANT TERMS by Technical Analysis, Inc."",""caption-linebreaks"":""SIDEBAR: RELEVANT TERMS by Technical Analysis, Inc.
Short paragraph-length descriptions are given for: dependent variable, independent variable(s), coeffeient of determination (R2), alpha, and beta."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-8-319-324-sidebar-relevant-terms-by-technical-analysis-inc-21.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-8-319-324-sidebar-relevant-terms-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-8-319-324-sidebar-relevant-terms-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v11832lettos,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-8"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 11:8 (325-325): Letters To S&C by Technical Analysis, Inc."",""caption-linebreaks"":""Letters To S&C by Technical Analysis, Inc.
This month's letters consist of one long letter discussing the construction and interpretation of linear regression models as explained IN Jack Karczewski's article \""Using multiple regression analysis,\""\nSTOCKS & COMMODITIES, August 1993. Karczewski responds to the questions posed by this reader."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-8-325-325-letters-to-s-c-by-technical-analysis-inc-21.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-8-325-325-letters-to-s-c-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-8-325-325-letters-to-s-c-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v11833varcyc,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-8"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 11:8 (338-342): Variable Cycle Lengths And Intraday Candlestick Analysis by Gary S. Wagner and Bradley L. Matheny"",""caption-linebreaks"":""Variable Cycle Lengths And Intraday Candlestick Analysis by Gary S. Wagner and Bradley L. Matheny
Trading methods often use different length filters for generating trades, both entries and exits. The most\ncommon filters are moving averages with different lookback periods. Here, STOCKS & COMMODITIES\ncontributors Gary Wagner and Brad Matheny apply different filter lengths to candlestick charts by using\ndifferent period lengths of candlestick charts for confirmation of bullish and bearish patterns.
In \""Candlesticks and intraday market analysis,\"" we looked at the signals generated using a 22-minute\ncandlestick chart of the March 1993 Standard & Poor's 500. That article illustrated the candlestick\npatterns generated with intraday data. Although simplistic in design, the 22-minute filter provides valid\nresults. However, there are two drawbacks in this technique. First, a 22-minute cycle will not be sensitive\nenough to capture the very short-term price swings that occur during the day. Second, the entry and exit\npoints may not be as timely as the ones obtained from the use of multiple time cycles.
The 22-minute cycle study is the first step of a more intricate technique that attempts to capitalize on\nshort-term price fluctuations. This technique compares candlestick patterns produced by multiple time\ncycles and only takes signals if two or more cycle lengths confirm each other. If correctly used, this\napproach can increase your probability of success.
Trading signals generated from the shorter cycle length are more sensitive to imminent market changes,\nbut they are also more likely to generate false calls. Taking only the signals that are confirmed by longer\ncycle lengths will filter out many of the false calls produced by a shorter time cycle. In this way, the edge\ngained with the use of very short cycles will be balanced with the reliability of longer time cycles, thereby\nproducing more effective results."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-8-338-342-variable-cycle-lengths-and-intraday-candlestick-analysis-by-gary-s-wagner-and-bradley-l-matheny-38.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-8-338-342-variable-cycle-lengths-and-intraday-candlestick-analysis-by-gary-s-wagner-and-bradley-l-matheny-47.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-8-338-342-variable-cycle-lengths-and-intraday-candlestick-analysis-by-gary-s-wagner-and-bradley-l-matheny-48.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v11835tradti,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-8"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 11:8 (351-352): Traders' Tips by Technical Analysis, Inc."",""caption-linebreaks"":""TRADERS TIPS by Technical Analysis, Inc.
METASTOCK The more I talk to MetaStock users, the more users I find who are not taking\nadvantage of layouts. The only reason I can think of why people are not doing so is that they don't realize\nhow much easier it will make their trading — or maybe they don't understand what a layout does.
When you save a layout in MetaStock, the layout remembers what charts were loaded and virtually every\ncharacteristic of each chart (for example, number of records loaded, date compression, indicators, moving\naverages, trendlines, text, and so on). Thus, layouts can help you analyze a large number of securities\nvery quickly. For example, many users like to look at one security with multiple indicators at the same\ntime. This is simple to set up in a layout (see Figure 1) and can then be called up instantly whenever\ndesired.
Now that we understand what layouts do, I'll show you how to create a few simple ones. To save having\nto repeatedly use hot keys, the layout menu is always accessed by pressing [Ctrl] [L]. To clone a chart\n(that is, create a duplicate chart of the active chart), simply press [Alt] [C] to access the chart selection\nmenu and [N] for new chart."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-8-351-352-traders-tips-by-technical-analysis-inc-21.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-8-351-352-traders-tips-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-8-351-352-traders-tips-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v12149tradti,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 12:1 (49-49): Traders' Tips by Technical Analysis, Inc."",""caption-linebreaks"":""TRADERS' TIPS by Technical Analysis, Inc.
METASTOCK\nThe interview this month, with Marc Chaikin, discussed one of his indicators, called the Chaikin money\nflow. To create Chaikin's money flow indicator in MetaStock, simply enter and plot the following custom\nformula:...
Figure 1 shows the 21-day Chaikin money flow plotted below the price chart of COMPAQ (CPQ). Note\nhow each of the turns in the price of COMPAQ was forewarned by the indicator turning direction before\nthe price.\n—Allan McNichol, EQUIS International"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-1-49-49-traders-tips-by-technical-analysis-inc-20.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-1-49-49-traders-tips-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-1-49-49-traders-tips-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c10-develop-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-10"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 12:10 (397-402): Developing A Trading Strategy by Frank McGuff"",""caption-linebreaks"":""Developing A Trading Strategy by Frank McGuff
Trading strategies have several required characteristics, ranging from the ability to provide clear, unambiguous signals to the ability to validate each trade against the strategy. Developing and validating trading strategies is an absolute necessity in becoming a successful trader. Here, then, are some suggestions for designing a trading strategy.
An effective trading strategy will, first, be automatic; second, it will incorporate risk management; third, it will define what actions are to be taken in the near future; and finally, it will provide specific evidence to evaluate the merits of the trade. To start, we must look at the signals generated by a trading strategy. Essentially, there are two types: positive (indicating a trade should be made) and negative (indicating no trade should be made). Each signal may also be true or false (right or wrong); a true positive signal correctly indicates a trade should be made, while a false positive signal erroneously indicates a trade should be made.
Conversely, a true negative correctly indicates that no trade should be made, while a false negative erroneously indicates that no trade should be made (that is, a trade should have been made). The profits from the true positives must overcome the losses from the false positives and false negatives. Positive signals are the result of a basic trading strategy. They tell us when and how a trade should be executed, while negative signals are the result of market action that does not generate a signal."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-10-397-402-developing-a-trading-strategy-by-frank-mcguff-21.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-10-397-402-developing-a-trading-strategy-by-frank-mcguff-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-10-397-402-developing-a-trading-strategy-by-frank-mcguff-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1244tradtip,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-10"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 12:10 (441-442): Traders' Tips"",""caption-linebreaks"":""Traders' Tips
This month's Traders' Tips all focus on the rate of change (ROC) indicator discussed in Bruce Faber's article. The rate of change is a function already available in both SuperCharts and TradeStation. From within the Quickeditors of either program, you can create a new indicator.
The performance of ROC can often be improved by smoothing. An example is given in CompuTrac SNAP. Also, Behold! and MetaStock's System Tester can be used to measure the performance of the ROC indicator."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-10-441-442-traders-tips-21.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-10-441-442-traders-tips-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-10-441-442-traders-tips-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1248tradtip,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-11"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 12:11 (487-489): Traders' Tips"",""caption-linebreaks"":""Traders' Tips\nThis month's tips analyze relative strength and the moving average convergence/divergence (MACD), as mentioned in Gilbert Raff's “The relative strength ratio-MACD crossover.” Code is provided for MetaStock, TradeStation, CompuTrac, and Behold!"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-11-487-489-traders-tips-21.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-11-487-489-traders-tips-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-11-487-489-traders-tips-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1254quicsca,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 12:13 (543-544): Quick- Scans: 3D FOR WINDOWS, VERSION 1.1"",""caption-linebreaks"":""QUICK- SCANS
3D FOR WINDOWS, VERSION 1.1
If you've followed the evolution of MESA's programs, you're aware of the sophisticated variety of analyses\nthat have stemmed from John Ehlers' successful use of maximum entropy spectral analysis. This\ntechnique for picking out cyclical content in a data series of prices has then been elaborated on both here\nin STOCKS & COMMODITIES articles and in software. The articles and programs have proved to be\nparticularly useful in serving to identify the optimal values for classic indicators (if 15 years can create\nclassics)."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-13-543-544-quick-scans-3d-for-windows-version-1-1-20.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-13-543-544-quick-scans-3d-for-windows-version-1-1-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-13-543-544-quick-scans-3d-for-windows-version-1-1-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1254quic,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 12:13 (545-545): Quick-Scans: Q-TRAX FOR WINDOWS"",""caption-linebreaks"":""QUICK-SCANS
Q-TRAX FOR WINDOWS
Q-Trax from EDMS makes the most of the Windows environment
With the proliferation of programming talent and better programming languages as well as increasingly\nsophisticated operating systems, there ought to be more and more capable, cheap software. Q-Trax is\nevidence that the laws of economics still hold.
Q-Trax throws in charting, comparison charts, 36 indicators (including zig-zag, TRIX and volatility),\ntrendlines and candlesticks, all operating under the Windows environment (Figures 1 and 2). Windows is\ncertainly the fastest route to a variety of windows, all arranged on the spot by you. And all this is available for 80% less than the $350 or more that is typical of many other analytical packages."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-13-545-545-quick-scans-q-trax-for-windows-20.gif"",""height"":""272"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-13-545-545-quick-scans-q-trax-for-windows-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-13-545-545-quick-scans-q-trax-for-windows-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1254quic1,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 12:13 (546-547): Quick-Scans: ULTRA MARKET ADVISOR"",""caption-linebreaks"":""QUICK-SCANS
ULTRA MARKET ADVISOR
ULTRA is a neat encapsulation of developer Steve Hunter's trading techniques. Those techniques are a\nbattery of 19 technical indicators and 19 buy/sell/stop rules that combine to give buy and sell signals for\nmutual fund or index investors.
How effective is it? Based solely on its own historical testing and a 50-year data-base (Dow Jones\nIndustrial Average [DJIA], Standard & Poor's 500 and NASDAQ) that comes with the program, ULTRA\nbrought in 17% annually (vs. DJIA'S 6.88%) over a vast period of ups and downs (Figure 1). Even during\nthe long, trendless interregnum from 1972 to 1982, ULTRA brought in an 18% annual gain showing a\nremarkable consistency between trendless and trending market performances. Of course, this assumes\nyou trade the DJIA. Most likely, you'll need to use substitutes: a futures contract, an index fund or the\nOEX, perhaps."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-13-546-547-quick-scans-ultra-market-advisor-21.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-13-546-547-quick-scans-ultra-market-advisor-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-13-546-547-quick-scans-ultra-market-advisor-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1254quic2,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 12:13 (548-548): Quick-Scans: BUSINESS CYCLE INDICATORS"",""caption-linebreaks"":""QUICK-SCANS
BUSINESS CYCLE INDICATORS
Hmmmm. Leading indicators (Figure 1). What are they up to? (Poing!)
Well, what about the coincident to lagging ratio (Figure 2) ? It's often uncanny. (Click, click, poing!)
What about sales (Figure 3), those consumer rascals? (Click, zip!)
Profits (Figure 4) ? (Click, click, click)"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-13-548-548-quick-scans-business-cycle-indicators-21.gif"",""height"":""272"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-13-548-548-quick-scans-business-cycle-indicators-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-13-548-548-quick-scans-business-cycle-indicators-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1254quic3,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 12:13 (549-549): Quick-Scans: FUNDS ON-LINE"",""caption-linebreaks"":""QUICK-SCANS
FUNDS ON-LINE
Now that mutual funds are themselves aggressive trading vehicles, even being traded by other mutual\nfunds, it's no surprise to find a product oriented toward current performance of the funds. Funds On-Line\ncaters to this mindset by providing its own database of fund statistics for the past year, a generally smooth, low-cost downloading capability and a sorting routine focused mostly on the last several weeks' action. (Warning: No three-, five- or 10-year performance stats are available.)"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-13-549-549-quick-scans-funds-on-line-21.gif"",""height"":""272"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-13-549-549-quick-scans-funds-on-line-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-13-549-549-quick-scans-funds-on-line-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1255quic,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 12:13 (550-550): Quick-Scans: BRAINCEL, VERSION 2.3"",""caption-linebreaks"":""QUICK-SCANS
BRAINCEL, VERSION 2.3
Braincel is a solid, convenient product for exploring neural net applications.
Braincel is a neural net product, an add-in to Microsoft Excel, the spreadsheet product most popular for\nthis arrangement. In Braincel's case, you fire up Excel and then select Braincel via Excel's file/open\ncommand. That creates a single menu item \""Braincel\"" on your menu bar to allow you to flip over to the\nBraincel mode. Easy!"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-13-550-550-quick-scans-braincel-version-2-3-21.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-13-550-550-quick-scans-braincel-version-2-3-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-13-550-550-quick-scans-braincel-version-2-3-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1255quic1,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 12:13 (551-551): Quick-Scans: INDICATORS AND TRADING SYSTEMS"",""caption-linebreaks"":""QUICK-SCANS
INDICATORS AND TRADING SYSTEMS.
Trading systems have long been included in the more heavy-duty technical analysis packages, but for\nsome reason, they get little visibility. Now, Greg Morris, longtime software developer (N2 with Norm\nNorth and MarketArts' Windows on WallStreet) and author ( CandlePower) has put out five packages of\ntrading systems, each with its own theme."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-13-551-551-quick-scans-indicators-and-trading-systems-21.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-13-551-551-quick-scans-indicators-and-trading-systems-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-13-551-551-quick-scans-indicators-and-trading-systems-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1255quic2,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 12:13 (552-553): Quick-Scans: TSUNAMI Version 5.02"",""caption-linebreaks"":""QUICK-SCANS
TSUNAMI\nVersion 5.02
Tsunami analyzes cyclical content in data using a proprietary version of Fourier analysis. The package\nimpressed me as fast, efficient and relatively accurate, and the program provides a good analysis for the\nprice. It not only provides the projected time of turning points but also the direction."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-13-552-553-quick-scans-tsunami-version-5-02-21.gif"",""height"":""272"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-13-552-553-quick-scans-tsunami-version-5-02-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-13-552-553-quick-scans-tsunami-version-5-02-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1255quic3,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 12:13 (554-555): Quick-Scans: CASH IN ON CHAOS"",""caption-linebreaks"":""QUICK-SCANS
CASH IN ON CHAOS Video course
Early in the tape, Hannula patiently defines and describes chaos theory. Most methods of tracking the\nmarket involve linear systems, when actually markets are nonlinear systems. Chaos theory deals with\nthese nonlinear concepts.
Up to now, every market timer's program I've looked at started with software and a manual. This one is\ndifferent. It consists of three videotapes, each almost two hours long, and a manual. It's a complete course\non videotape, narrated just for you to learn in the comfort of your living room, by Hans Hannula."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-13-554-555-quick-scans-cash-in-on-chaos-21.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-13-554-555-quick-scans-cash-in-on-chaos-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-13-554-555-quick-scans-cash-in-on-chaos-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1255quic4,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 12:13 (555-555): Quick-Scans: FIBONACCI APPLICATIONS AND STRATEGIES"",""caption-linebreaks"":""QUICK-SCANS
FIBONACCI APPLICATIONS AND STRATEGIES FOR TRADERS
Every trader has asked him- or herself, \""Once a market stops climbing, how far can I expect a setback\nbefore the trend resumes?\"" At that point, the trader begins to learn about techniques for estimating price\nlevels for countertrend or corrective retracements. The most common percentage retracements of a trend\nare 38%, 50% and 61.8%. But where did these numbers come from? These numbers are derived from a\nmathematical series known as the Fibonacci summation series: 1,1,2,3,5,8,13,21 ... where each number is\nthe sum of the two previous numbers. The ratios between each number approach a value of 61.8%, which\nis the golden mean. People have long been fascinated with this number series. Examples abound, ranging\nfrom population growth to the number of petals on a flower. Traders have studied the application of the\nseries for trading markets; after all, markets climb and fall or grow and collapse. Until now, most of the\nliterature has focused on applying the ratios in a loose format without specific guidelines. Here, Fischer\nfìlls that void, which details techniques and strategies for trading based on the Fibonacci."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-13-555-555-quick-scans-fibonacci-applications-and-strategies-21.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-13-555-555-quick-scans-fibonacci-applications-and-strategies-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-13-555-555-quick-scans-fibonacci-applications-and-strategies-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1255quic5,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 12:13 (556-556): Quick-Scans: FORMULA RESEARCH"",""caption-linebreaks"":""QUICK-SCANS
FORMULA RESEARCH
As a rule, new trading ideas or, at least, tests of published ideas are not freely available. Most often, they are bundled up into protected software and peddled for anywhere from $300 to $5,000 as a \""trading\nsystem.\"" However, there are sources of good ideas and good testing, and one of the best is a newsletter from Memphis called Formula Research."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-13-556-556-quick-scans-formula-research-20.gif"",""height"":""272"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-13-556-556-quick-scans-formula-research-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-13-556-556-quick-scans-formula-research-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1255quic6,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 12:13 (557-557): Quick-Scans: TR-200 TELEPHONE TWO WAY RECORDER"",""caption-linebreaks"":""QUICK-SCANS
TR-200 TELEPHONE TWO WAY RECORDER
Simply, recording your trading instructions is good for both you and your broker. You'll be surprised at\nhow you sound, errors can be caught objectively and your broker will pay more attention when he knows\nhe's on record."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-13-557-557-quick-scans-tr-200-telephone-two-way-recorder-20.gif"",""height"":""272"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-13-557-557-quick-scans-tr-200-telephone-two-way-recorder-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-13-557-557-quick-scans-tr-200-telephone-two-way-recorder-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1255quic8,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 12:13 (558-558): Quick-Scans: CHANNEL ANALYSIS"",""caption-linebreaks"":""QUICK-SCANS
CHANNEL ANALYSIS
Channel Analysis could be invaluable to the investor who applies the methodology found between its covers. Brian Millard brought the attributes that made him a brilliant scientist and teacher to the stock market. Consequently, he has made available in Channel Analysis original insights that are clearly explained to the (small) investor, and his readers are the richer for it."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-13-558-558-quick-scans-channel-analysis-20.gif"",""height"":""272"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-13-558-558-quick-scans-channel-analysis-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-13-558-558-quick-scans-channel-analysis-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1255quic7,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 12:13 (558-558): Quick-Scans: KR-QUOTE, VERSION 3.0"",""caption-linebreaks"":""QUICK-SCANS
KR-QUOTE, VERSION 3.0
There's a claim! Knight-Ridder is one of only two or three companies that could remotely make that\nclaim, and it's easily the most aggressive (and progressive) about marketing the piles of data it's collected\nover the years. KR-Quote is designed to access Knight-Ridder Financial DataCenter, which includes\nKnight-Ridder's Final Markets, Electronic Futures Trend Analyzer (EFTA), the Commodex system,\nCommitments of Traders reports, the Futures Market Service reports and Knight-Ridder's own financial\nnews summaries. Final Markets is a group of data packages for daily update (up to 15 days of back data)\nof futures, cash and futures options and volatility data for domestic and foreign major markets.\nKnight-Ridder has an extensive historical database. Customers can order back data, available on diskette\nand sent to you the same or next day via two-day UPS. Then you use KR-Quote to keep the data up to\ndate. In addition, when you receive KR-Quote you receive three months of data."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-13-558-558-quick-scans-kr-quote-version-3-0-20.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-13-558-558-quick-scans-kr-quote-version-3-0-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-13-558-558-quick-scans-kr-quote-version-3-0-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1255quic9,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 12:13 (559-559): Quick-Scans: GEOMETRY OF MARKETS II"",""caption-linebreaks"":""QUICK-SCANS
GEOMETRY OF MARKETS II
One of the first guidelines every technician learns is that a market may enter into a correction and retrace\n50% of a previous trend. This implies that price relationships exist between market swings. This concept\ncan be carried forward to include time. For example, if the market moves in an upward trend for 100\ndays, then it may spend 50 days correcting the uptrend."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-13-559-559-quick-scans-geometry-of-markets-ii-20.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-13-559-559-quick-scans-geometry-of-markets-ii-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-13-559-559-quick-scans-geometry-of-markets-ii-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1256quic,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 12:13 (560-560): Quick-Scans: NEUROVE$T JOURNAL"",""caption-linebreaks"":""QUICK-SCANS
NEUROVE$T JOURNAL
Have you ever wondered what became of the academic movement to emulate thought using computing\nmachinery and various forms of logic? A recent contribution to the movement is the nonacademic\nreview NeuroVe$t Journal, a compendium of mostly financial practitioners around the world who believe\nthat the neural emulation approach has much to offer."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-13-560-560-quick-scans-neurove-t-journal-20.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-13-560-560-quick-scans-neurove-t-journal-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-13-560-560-quick-scans-neurove-t-journal-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1256quic1,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 12:13 (560-561): Quick-Scans: THE BEST OF RTR NEWS NOTES"",""caption-linebreaks"":""QUICK-SCANS
THE BEST OF RTR NEWS NOTES
TechniFilter Plus, a software heavyweight in the field of technical analysis, has long been supported by\ndeveloper Clay Burch through the company's newsletter, RTR News Notes. News Notes has been a favorite\nof STOCKS & COMMODITIES reviewers since its inception, and now the best of the collection have been put\ninto one volume and a floppy for quick access."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-13-560-561-quick-scans-the-best-of-rtr-news-notes-20.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-13-560-561-quick-scans-the-best-of-rtr-news-notes-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-13-560-561-quick-scans-the-best-of-rtr-news-notes-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1256quic2,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 12:13 (562-562): Quick-Scans: TRADING ON THE EDGE"",""caption-linebreaks"":""QUICK-SCANS
TRADING ON THE EDGE
Neural, Genetic and Fuzzy Systems for Chaotic Financial Markets
In Trading on the Edge, editor Guido Deboeck has been joined by a number of artificial intelligence (AI)\nresearchers in the field of financial market analysis to address various aspects of applying AI to this\narena. With its application-oriented approach, this book should appeal to financial professionals and AI\nresearchers alike."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-13-562-562-quick-scans-trading-on-the-edge-20.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-13-562-562-quick-scans-trading-on-the-edge-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-13-562-562-quick-scans-trading-on-the-edge-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1256quic3,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 12:13 (563-563): Quick-Scans: EWT-101 The Elliott Wave Disk Tutorial"",""caption-linebreaks"":""QUICK-SCANS
EWT-101 The Elliott Wave Disk Tutorial
Few technical theories are more abstruse than Elliott wave, so a flexible instructional approach is always\nwelcome. Elliott Wave Theory 101 is a fair shot at the Elliott wave principle, and it's absorbable by the\nbeginner as well as those steeped in Elliott wave terminology."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-13-563-563-quick-scans-ewt-101-the-elliott-wave-disk-tutorial-21.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-13-563-563-quick-scans-ewt-101-the-elliott-wave-disk-tutorial-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-13-563-563-quick-scans-ewt-101-the-elliott-wave-disk-tutorial-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1256quic4,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 12:13 (564-564): Quick-Scans: THE NEW TECHNICAL TRADER"",""caption-linebreaks"":""QUICK-SCANS
THE NEW TECHNICAL TRADER
The New Technical Trader, which is about new technical indicators, provides genuinely helpful\nelaborations to the literature of technical analysis.
Tushar Chande is an engineer, but he has also become one of the more exceptional analysts working with\nindicators in the last several years. His articles in STOCKS & COMMODITIES have explored a number of\ninnovative approaches, and last year, he briefly took up the money management game with Stanley Kroll\nbefore Kroll decamped for Hong Kong."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-13-564-564-quick-scans-the-new-technical-trader-21.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-13-564-564-quick-scans-the-new-technical-trader-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-13-564-564-quick-scans-the-new-technical-trader-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1256quic5,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 12:13 (565-565): Quick-Scans: THE SPIRAL CALENDAR"",""caption-linebreaks"":""Quick-Scans
THE SPIRAL CALENDAR
With The Spiral Calendar, Christopher Carolan has done gargantuan work to help give meaning to Larry\nWilliams's advice of 20 years ago, \""Buy the full moon and sell the new moon.\"" Trading books that are\nmethod-specific usually have the guts of the method in one or two chapters, and this book is no different.\nEven so, it is divided into 11 chapters, sports a lengthy foreword by Robert R. Prechter Jr. and an\nappendix but no index. The meat and potatoes of the theory of the spiral calendar can be found in\nchapters 4 and 6. For additional information, however, reference to other chapters and the appendix is a\nmust if you wish to understand, double-check and calculate the steps of the intricate forecasting methods\ndescribed in chapter 6."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-13-565-565-quick-scans-the-spiral-calendar-21.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-13-565-565-quick-scans-the-spiral-calendar-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-13-565-565-quick-scans-the-spiral-calendar-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1256quic6,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 12:13 (566-566): Quick-Scans: INSTANT INVESTOR"",""caption-linebreaks"":""Quick-Scans
INSTANT INVESTOR
The Penta Group of Vienna, Austria, has put together a large assortment of DOS and Windows-based\ninvestment, trading, financial and business software, shareware, demos and databases on a CD-ROM.\nInstant Investor is a Windows-based product, comes with most of its software in a compressed format\nusing PKZIP and will have to be decompressed and copied to your hard drive. You'd better have plenty of\nroom on your hard drive, because there's a ton of software and data available. Under just two of the\nsubdirectories, I counted 24 accounting programs and seven database programs. Under the charts\ndirectory, I counted 48 programs; you could spend a weekend just looking at programs and demos."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-13-566-566-quick-scans-instant-investor-21.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-13-566-566-quick-scans-instant-investor-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-13-566-566-quick-scans-instant-investor-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1256matforw,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 12:14 (567-569): Matlab for Windows Version 4.0 by Lou Mendelsohn"",""caption-linebreaks"":""MATLAB for Windows\nVersion 4.0
by Lou Mendelsohn
MATLAB (short for matrix laboratory) was originally designed to provide access to matrix analysis in\nan easy-to-use system. Through its continued evolution and the addition of more specific functional\nadd-ons, MATLAB now provides an excellent platform for both academic and commercial applications, for\nstudents studying linear algebra and engineers performing research and solving practical engineering\nproblems. With financial market analysts and traders beginning to embrace advanced technologies such\nas neural networks to perform nonlinear analysis and forecasting, development tools such as MATLAB\nShould become popular in the financial industry."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-567-569-matlab-for-windows-version-4-0-by-lou-mendelsohn-20.gif"",""height"":""261"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-567-569-matlab-for-windows-version-4-0-by-lou-mendelsohn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-567-569-matlab-for-windows-version-4-0-by-lou-mendelsohn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1256sidimda,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 12:14 (567-569): SIDEBAR: IMPORTING DATA INTO MATLAB"",""caption-linebreaks"":""IMPORTING DATA INTO MATLAB
Data compatibility has always been a serious issue when dealing with the wide variety of data vendors\nand software products in the financial industry. This tends to be especially true when a product is not\ndesigned specifically for the industry."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-567-569-sidebar-importing-data-into-matlab-20.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-567-569-sidebar-importing-data-into-matlab-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-567-569-sidebar-importing-data-into-matlab-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1257matneur,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 12:14 (570-571): Matlab Neural Network Toolbox by Lou Mendelsohn"",""caption-linebreaks"":""MATLAB Neural Network Toolbox\nby Lou Mendelsohn
The Neural Network Toolbox is one of 15 application-specific software toolboxes designed to run in the MATLAB technical computing environment. (See the product review for MATLAB for Windows 4.0.)\nDesigned as a tool for industry, education and research, it provides the user with a means of developing various neural networks and graphically analyzing both their training process and results.
When installed, the functions that the Toolbox provides are seamlessly integrated into MATLAB. The\nNeural Network Toolbox is composed of a number of M-files, which are the standard script and function files for MATLAB, which in turn are written in ASCII. This means that the user can directly examine the inner workings of all the toolbox functions and examples. Using these files as guides, the user can experiment with the Toolbox to become familiar with the product."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-570-571-matlab-neural-network-toolbox-by-lou-mendelsohn-20.gif"",""height"":""272"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-570-571-matlab-neural-network-toolbox-by-lou-mendelsohn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-570-571-matlab-neural-network-toolbox-by-lou-mendelsohn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1257perhotv,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 12:14 (572-574): Personal Hotline Version 6.6 by John Sweeney"",""caption-linebreaks"":""Personal Hotline\nVersion 6.6
by John Sweeney
Personal Hotline brings to the Apple Macintosh environment much of the convenience in charting, data\ndownload, analysis and trading that is common in DOS products. To boot, it throws in a proprietary trading model with an excellent track record and, for an additional sum, you can upgrade to Professional\nAnalyst and make the whole thing real-time.
Version 6.6 is an integration as well as an upgrade. Data download, by all accounts (we interviewed five\nusers) a smooth operation, is done within the program via Dial/Data, which also has a super, flat-rate deal\nfor the past two years' daily data. Personal Hotline automatically scans your files to determine what's\nmissing and orders just what you need. There's even an automated timing facility to handle the job while\nyou're away.
There are other features new to this version. Mutual fund dividends are now available; a small portfolio\nmanagement function has been built in; tradables can be ranked and sorted by their statistical rankings;\non-balance volume is now included; and Gann, Fibonacci, pitchfork and speed resistance lines can all be generated from a point you select."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-572-574-personal-hotline-version-6-6-by-john-sweeney-20.gif"",""height"":""272"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-572-574-personal-hotline-version-6-6-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-572-574-personal-hotline-version-6-6-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1257tel20ve,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 12:14 (574-575): TeleChart 2000 Version 2 series by John Sweeney"",""caption-linebreaks"":""TeleChart 2000\nVersion 2 series
by John Sweeney
Whew! $29 for a technical analysis package!? I'll take it! Who wouldn't? TeleChart 2000 by Worden Brothers is another shot in the data supply wars that is attractive to those interested in charting and technical analysis. These days, users are being lured with toll-free access to data and sophisticated graphics presentations, but two questions remain: First, is the data what you need at a competitive price? And second, can the package perform the analysis you need? Here's what I found while trying out TeleChart 2000.
Regarding the first question, about data; Worden Brothers supplies stock quotes from the New York\nStock Exchange (NYSE) , American Stock Exchange (AMEX) and NASDAQ as well as 3000 mutual fund prices. Mainstream traders should have no problem with this Pricewise, Worden supplies the initial\ndownload of a historical database competitively with CsI. Then, once you've sunk money into the history,\nTeleChart 2000's daily download is competitive with Dial Data and Dow Jones, assuming data quality is\nthe same. There is one note of caution about TeleChart 2000's data supply: TC 2000 only carries out data\nto two decimal places. For example,10- 1/8 stock becomes 10.13, not 10.125."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-574-575-telechart-2000-version-2-series-by-john-sweeney-20.gif"",""height"":""272"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-574-575-telechart-2000-version-2-series-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-574-575-telechart-2000-version-2-series-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1257telsysv,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 12:14 (576-579): Telescan System Version 3.0 by Jack Karczewski"",""caption-linebreaks"":""Telescan System\nVersion 3.0
by Jack Karczewski
Over the past two years, I've met and spoken with many professional money managers and portfolio\nmanagers. These financial professionals all had one thing in common: they all had a methodology they followed regarding their investment strategy. The heart of their technique involved a screening phase at\nsome phase of their approach. Whether they screened stocks based on price/earnings ratios, balance sheet\nitems or relationships to the market, they all had the means to screen for the criteria they were interested\nin. The universe of stocks that one contends with on a daily basis almost requires a screening device to\ndetermine the pertinent investments. The Telescan System is such a device.
The Telescan System is a software package consisting of a number of programs or modules and databases\nthat can be accessed based on user specifications. The database consists of statistical and textual\ninformation on more than 8,000 stocks, 2,000 mutual funds, 197 industry groups, 560 market indices,\n40,000 options and more than 1,000 futures/commodities. The database contains historical price and\nvolume data back to 1973. In addition, such text and report services such as Zack's Investment Service\nand S&P MarketScope are available.
The Telescan Analyzer is a program that offers charting capabilities (Figure 1) of technical and\nfundamental analysis. It has more than 80 technical and fundamental indicators. Its fundamental\nindicators can be plotted as historical values, ratios and valuation channels."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-576-579-telescan-system-version-3-0-by-jack-karczewski-20.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-576-579-telescan-system-version-3-0-by-jack-karczewski-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-576-579-telescan-system-version-3-0-by-jack-karczewski-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1258profver,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 12:14 (580-583): ProfitCenter Version 2.217 by John Sweeney"",""caption-linebreaks"":""ProfitCenter\nVersion 2.217
by John Sweeney
Obscuring one end of the STOCKS & COMMODITIES functional test group work area in its new quarters are a pair of constantly whirring IBM-compatible computers (one the datafeed and the other ProfitCenter\nitself) taking data off a satellite feed and stuffing it into a huge database with prices on everything from\nthe price of the shares of the Australian-New Zealand Bank on the Bombay exchange to Tokyo\nInternational Financial Futures Exchange Eurodollar interest rate futures. If it's traded somewhere in the\nworld, be it cash, futures or options, a number of systems—Reuters, Bloomberg, Telerate or\nKnight-Ridder—is likely to have pricing on it. ProfitCenter is Knight-Ridder's package entry in the\ninstitutional trading sweepstakes.
What Knight-Ridder offers is a turnkey package that does nearly everything with no installation or\nsupport worries. It can't replace custom in-house analytics, especially involving the arcane mathematics\nof probability and derivative valuation, but should you seek anything other than that it's all here for a\nsingle price:
• 24-hour, world-wide datafeed
• Huge historical database on your desk and/or available by download
• Immense variety of quote screen displays with fairly fast switching
• Flexible, vivid charting
• Complete array of publicly available studies
• On-screen formula definition of new symbols.
While Reuters and Telerate are undoubtedly the world's leading datafeeds, they historically have provided\n\""pages\"" — fixed-format displays with no capability for customization. Both have been slow about using the power of the personal computer to rearrange and display data in a format that customers want. Now\nall the major data services are also trying to provide hardware and software to reprocess the data they sell\nyou. Count on $1,000 to $2,000 per month per terminal for this level of service."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-580-583-profitcenter-version-2-217-by-john-sweeney-20.gif"",""height"":""272"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-580-583-profitcenter-version-2-217-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-580-583-profitcenter-version-2-217-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1258provver,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 12:14 (584-586): Proview Version 6.0 by John Sweeney"",""caption-linebreaks"":""Proview\nVersion 6.0
by John Sweeney
Proview is an electronic chartbook. You don't download the data and then go to another application and\nselect your preferences for charts and indicators. All you do is set up the initial database of markets that\nyou want to follow and download the charts each night. Proview creates, maintains and updates the\ndatabase. No more stock splits or futures rollovers. If you need to use the data elsewhere, you can export\nit in ASCII.
Proview offers some of the same features that some fairly hefty US data giants also offer. Most data\nservices, wanting to sell data created anew each day, have also designed front-end software to make their\nnumbers dance on charts on your personal computer's screen. Knowing this, the question is, \""What does\nProview bring to the competition?\""
Proview Professional Services provides data from the world's stock and futures exchanges. Proview is\nsupplied by a collection of a number of various sources, but we did notice one gap in the chart of a\n24-hour cross rate."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-584-586-proview-version-6-0-by-john-sweeney-20.gif"",""height"":""272"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-584-586-proview-version-6-0-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-584-586-proview-version-6-0-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1258winonwa,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 12:14 (587-591): Product Review: Windows On WallStreet Version 2.1 by John Sweeney"",""caption-linebreaks"":""Product Review: Windows On WallStreet\nVersion 2.1
by John Sweeney
Fight! Fight! With Windows on WallStreet, MarketArts has jumped into the technical analysis software\nfray. Traders are now in the middle of an all-out battle for their assets. In return, what they get out of it is\neasy data access, super graphics, platoons of indicators, system definition and testing, cheaper software and, hopefully, profits.
INSTALLATION AND DATA
Thankfully, the process of installing the program and bringing your data up to speed is bug-free and easy,\na typical Windows installation process. Proceeding to the excruciating job of filling the inevitable holes\nin your data, Windows on WallStreet (Wows) checks your data and today's date and orders up everything necessary to bring you current. You'll give Wows your local phone access numbers for Dial Data,\nCompuServe, Dow Jones or GEnie as well as the obligatory account numbers and passwords. (Notice\nyou don't have to load a separate program to get your data. A full-service communications package is\nbuilt into Wows.) Then click \""Dial.\"" That's it.
I think the next millennium has finally arrived!
WOWS is facile with data formats. It can read CSI, Dow Jones, MetaStock, TeleChart 2000 and AIQ directly. It can't update anything but its own files and MetaStock files. The process requires two phone calls, or you can write a macro to make it a one-step process. Being able to read data files in their native formats should be required these days, but not all programs offer it. Wows does well at it, though selecting a CSI file from a large directory is tough because the selection window shows nothing but the file's name—and I have 22 Treasury bond futures data files."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-587-591-product-review-windows-on-wallstreet-version-2-1-by-john-sweeney-20.gif"",""height"":""272"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-587-591-product-review-windows-on-wallstreet-version-2-1-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-587-591-product-review-windows-on-wallstreet-version-2-1-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1259neur2ve,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 12:14 (592-595): NeuroShell 2 Version 1.5 by John Sweeney"",""caption-linebreaks"":""NeuroShell 2\nVersion 1.5
by John Sweeney
Traders using neural network software have often longed for a neural network package that contained\nthe indicators they use. The alternative is to create those indicators, such as the relative strength index\n(RSI), in a spreadsheet or a trading package and then do the export/import trick to get them to the neural\nnet processor. Ward Systems' NeuroShell 2 not only provides a ton of familiar indicators (with parameter\nadjustment), it also provides an optimizing routine that determines which are most predictive of the target\nvariables and with which parameters. Though this does not eliminate all data preprocessing, for traders\nthis is edging toward Valhalla.
GETTING GOING
Unlike the old generation of network products, getting NeuroShell 2 up and running isn't difficult. The\ninstaller follows Microsoft's conventions, something that cannot be said consistently of other programs .\nIf you have enough Windows products with enough upgrades, you'll be happy with this because the\ndifferent versions won't conflict with each other. Actually, the only installation tip necessary is to place\nNeuroShell 2 just below your root directory, because it uses enough directories and files to potentially run\nout of string length in making calls."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-592-595-neuroshell-2-version-1-5-by-john-sweeney-20.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-592-595-neuroshell-2-version-1-5-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-592-595-neuroshell-2-version-1-5-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1259streetv,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 12:14 (595-597): StreetSmart Version 1.0 by John Sweeney"",""caption-linebreaks"":""StreetSmart\nVersion 1.0
by John Sweeney
Charles Schwab & Co. has always focused on the independent investor, so it's only natural that the\ncompany's come out with more software for the self-reliant decision-maker. StreetSmart, available now\nfor both Windows 3.1 and Macintosh, is the latest effort to succeed The Equalizer, a text-interface effort.\nSchwab focuses on providing a complete trading package. StreetSmart starts with getting the orders in for\nstocks, bonds, mutual funds or options (Figure 1)Ñ no futuresÑ and then throwing in the research,\nposition monitoring and portfolio management, leaving the analytical work out. Some pricey essentials\nhave been thrown in free (like telecommunications with Schwab), but other than that, this is a package\nfocused on fundamentals.
Let me expound on that. You may certainly gather quotes, company news, financials and statistics from\nStandard & Poor's and Dow Jones via StreetSmart, but the modern version of hot tips also abound.\nTopics on MarketScope include analysts spotlighting marketmovers, with plenty of views and news. The\nlatest stocks touted in the news media are tracked, the S&P's stock appreciation ranking system (STARS)\nranking can be accessed and there are even stocks of the week!"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-595-597-streetsmart-version-1-0-by-john-sweeney-20.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-595-597-streetsmart-version-1-0-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-595-597-streetsmart-version-1-0-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1259metandm,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 12:14 (598-602): MetaStock And MetaStock Real-Time Version 4.0 by John Sweeney"",""caption-linebreaks"":""MetaStock And MetaStock Real-Time\nVersion 4.0
by John Sweeney
The hunt for your software dollar is continuing to heat up-as EQUIS International fields the latest\nupgrade, version 4.0 of MetaStock, the all-time heavyweight champion in the technical analysis field. By\nnow, MetaStock is such an accepted arbiter that other vendors defer to its data format and its formulary\nas industry standards.
MetaStock 4.0 plows some strong new ground for EQUIS, which already was the leader in the industry.\nFor one thing, this new version, 4.0, creates a more graphic interface (Figure 1), replete with toolbars\n(those little icons at the top of the screen for one-click access to features), three-dimensional menus and\nclose/maximize/restore buttons on the windows. Even so; MetaStock's traditional functionality from the\nkeyboard and pulldown menus has been retained, an ability that established MetaStock users relish. The\nicons just give people a third way to get at the program's power.
OPTIONS ANALYSIS
The second big area is the option worksheet, which allows you to feed in options' prices, strikes, dates\nand volatility to calculate future values and all the related greeks (Figure 2). Conversely, you could\nsupply the price and MetaStock will compute the volatility. This, a great convenience for traders who\nwant to see what six different alternatives might yield, is yet a simple tool with no graphics and no links\nto actual data files that would facilitate calculation of historical volatility or updating strategies from\ncurrent prices."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-598-602-metastock-and-metastock-real-time-version-4-0-by-john-sweeney-20.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-598-602-metastock-and-metastock-real-time-version-4-0-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-598-602-metastock-and-metastock-real-time-version-4-0-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1260sidaut,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 12:14 (603-604): SIDEBAR: AUTOLINK"",""caption-linebreaks"":""AUTOLINK
If automating one major program is a good idea, why not automate another, like, say, Telescan? No other\nprogram in the retail arena brings together fundamental and pricing data as accessibly as Telescan does. ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-603-604-sidebar-autolink-20.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-603-604-sidebar-autolink-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-603-604-sidebar-autolink-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1260dirserm,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 12:14 (603-604): The Director Series MetaStock Utilities, Version 2 by John Sweeney"",""caption-linebreaks"":""The Director Series\nMetaStock Utilities, Version 2
by John Sweeney
Trading systems have always had seductive powers, most powerfully expressed after you see a 350%\none-year return on a historical test. Such visions of wealth encourage adrenaline surges! Despite that\neuphoria, the trading systems subindustry is remarkably small. There are far more advisors, money\nmanagers and newsletters than there are system vendors. Why? Because even if you buy a system, you\nmust pull the trigger and pull it consistently. Folks find that difficult. Larry Williams once told me that of\n100-odd people who had bought one of his systems, fewer than five followed it one year later, even\nthough it had had a successful year. Phil Gotthelf recounted similar statistics discussing COMMODEX.
One step back from buying a system is building and testing your own, which is Nirvana's pitch. Using\nMetaStock's system-testing facility, Nirvana essentially automates the tedious process of checking\nsystems against data files, comparing systems to each other, optimizing systems and also supports\ngenerating trading signals on a daily basis as well as simple trade-tracking. Nirvana does this with a\npackage of utilities feeding MetaStock commands at the com- puter's speeds, which are likely to be faster\nthan your fingers."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-603-604-the-director-series-metastock-utilities-version-2-by-john-sweeney-20.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-603-604-the-director-series-metastock-utilities-version-2-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-603-604-the-director-series-metastock-utilities-version-2-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1260behmacv,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 12:14 (605-608): Behold! Macintosh version 2.2 by John Sweeney"",""caption-linebreaks"":""Behold!\nMacintosh version 2.2
by John Sweeney
Software developers have successfully installed trading system logic in most prominent packages for\nDOS and Windows users. Rarer is the complete package for the Macintosh user. One prominent\ndevelopment environment for the Mac is Behold!. Combining graphics, spreadsheet data manipulation,\ntrading rules and testing results in one program, Behold! makes system development as easy as it's likely\nto get.
Using Behold! is like starting with a Microsoft Excel worksheet that has miraculously sprouted an\nautomatic graphing capability and a simple means of specifying trading rules. Those of us who've\npainstakingly contorted Excel into trading models have enjoyed the freedom of data access and the power\nof the formulary but cursed the manipulations necessary for graphs and the tedious summarizing of\ntesting results. After many iterations, you have a generic testing model into which you slap new data now\nand then, but there always seems to be another tweak necessary, leading you into spending more time\nprogramming than conceptualizing trading.
AN EDUCATIONAL APPROACH
Behold! developer Jim Payne is clearly familiar with trading system development as well as the benefits\nof the spreadsheet format. However, Payne didn't stop there. Another major plus of Behold! is the\ninstructional approach of the manual.
Reading the manual is not only an exercise in familiarization but also a course of study in system\ndevelopment. What other manual throws in a great quick-and-dirty calculation for figuring the number of\ntrades to reach 95% confidence levels? Or explains why you'd want to cut up data files to test segments\nindividually? Or gets into terminal wealth relatives (the ratio of original capital to final capital for\noptimal capital traded), as popularized by Ralph Vince?"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-605-608-behold-macintosh-version-2-2-by-john-sweeney-20.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-605-608-behold-macintosh-version-2-2-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-605-608-behold-macintosh-version-2-2-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1260sidtrad,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 12:14 (609-613): SIDEBAR: TRADING WITH TlCBARS"",""caption-linebreaks"":""TRADING WITH TlCBARS
Trading with TicBars is a chance to try picking intraday market turning points with something other than\nbar charts, even tick volume bars. It's also solid for confirming trending activity. You'll be able to see the\ninitial surge of activity in the opening, then judge the falloff in volume, then watch an intraday trend (or\ndirectionless movement) get under way, especially in an active market.
As prices move directionally, look for heavy tick volume at the leading edge of pricing, indicating more\npeople willing to contest the leading price. You can immediately judge whether this is true support or\nresistance by the number of ticks (compared with the number usually in a bar) at the leading price,\nwhereas with a bar display, you just see the tick mark flicking back and forth, leaving behind a mute bar.
Before inspecting the charts here, keep in mind that a typical TicBar will have most of its ticks in the\ncenter in the usual normal distribution. What you're looking for is an abnormal column of numbers, one\nwith a lot of ticks at the top or bottom. Even distributions indicate directionless or trending activity, not\nreversals."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-609-613-sidebar-trading-with-tlcbars-20.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-609-613-sidebar-trading-with-tlcbars-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-609-613-sidebar-trading-with-tlcbars-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1260winbyjo,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 12:14 (609-613): WINdoTRADEr by John Sweeney"",""caption-linebreaks"":""WINdoTRADEr
by John Sweeney
I swore off day trading in 1984. Grinding analysis out by hand from the retail datafeeds available back\nthen was just too wearing. Nevertheless, when reviewing real-time trading software as I do these days, I\nstill get the old buzz: dying to find congestion, jumping on the breakouts, fading extremes, the adrenaline\nrush when prices rush. I empathize with those who play this game. I feel some admiration for real-time\ntraders and I look for software that supports their habit rather than raises their stress level. I'm even\ntempted to jump back in, having seen WlNdoTRADEr (Editor's note: For easier reading, for the purposes\nof this review, we will refer to the product as Windotrader).
Windotrader is a completely different look at day trading. It goes way beyond bar charts to profitably\ndisplay the battle in the pits in terms of price, time and tick volume. Developer L.A. Ehrhart, a day trader\nhimself, has passed Windotrader on to other traders and now is in two businesses: trading and software\ndevelopment. Naturally enough, Windotrader focuses on the things that Ehrhart has found productive in\ntrading since 1986: Market Profile, new types of tick charts and some innovations of his own in graphic\npresentation. lt's an absolutely unique and indispensable product for those on the screen and the phone.
BASICS
Windotrader feeds from Data Broadcasting's Signal, BMI, Radio Exchange, or Reuter's datafeeds. I chose\nthe BMI feed solely because I already had all the cables hooked up from a previous review. This turned\nout to be fortuitous. Windotrader installs itself, but getting the data converter loaded consistently turned\nout to be a minor hassle. Fortunately, Ehrhart is equipped with a good conferencing phone system, which\nhelped us get all the parties on the same line at the same time to make this work."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-609-613-windotrader-by-john-sweeney-20.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-609-613-windotrader-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-609-613-windotrader-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1261charsys,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 12:14 (614-617): ChartBook System Version 3.2 by Thom Hartle"",""caption-linebreaks"":""ChartBook System\nVersion 3.2
by Thom Hartle
In the early 1980s I was a commodity broker, and back then, commodity traders and commodity brokers\nperformed an afternoon ritual of updating charts. Every day, I would sit there and call up quotes on my\nQuotron and carefully plot the day's activities on my charts. Even though I was employed at the world's\nlargest brokerage firm, this was still the only way to keep informed on the technical status of the markets\nthat I followed.
While this process was obviously tedious, there was an advantage. I became very aware of what markets\nwere doing, plus I began to get a feel for market behavior (that of Treasury bond futures in particular).\nWe didn't have computers and software available to us that could plot and test indicators and screen the\nmarkets for trading signals the way we do now.
Believe it or not, hand-plotting daily market activities may not have been that much of a disadvantage. It's\nquite possible that a lot of the investors and traders today who clamor for indicators and trading systems\nand who want to automate everything are losing sight of the fact that it's a market you're trading, not the\nmoving average or relative strength index or whatever, and consequently, you can fail to develop a\nthorough understanding of how the markets work. Well, Ed Seykota of Technical Tools (TT) has brought\nthe markets to front and center with the ChartBook System, the software package that comes free with\ntheir data service. But before I discuss the software, let's look at the data service.
THE DATA SERVICE
In its data service, Technical Tools provides daily end-of-day data plus historical data for stocks, futures,\nCRB indices, cash markets such as metals, agriculture, currencies and market averages. Daily stock and\nfutures data are provided on the day, while some of the cash and market averages, such as the Dow Jones\naverages, are delivered one day late."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-614-617-chartbook-system-version-3-2-by-thom-hartle-20.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-614-617-chartbook-system-version-3-2-by-thom-hartle-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-614-617-chartbook-system-version-3-2-by-thom-hartle-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1261quicsca,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 12:14 (617-618): QUICK SCANS"",""caption-linebreaks"":""QUICK SCANS\nPROPAGATOR\nVERSION 1.0
Neural nets remain a tantalizing technique for traders. The constant hope is that relationships that are\nindiscernible to you and me will be picked up by the software, producing easy, incredible profits.\nHowever, the world still awaits its first neural net billionaire.
That said, though, there's still the question of how much agony one must endure even to use the current\nsoftware. Early neural net packages tried hard, but getting the data to the neural net, tweaking the search\nparameters and trying over and over again to improve your results ate large amounts of computer time\nand customer patience. Now, it appears that a new wave of software is coming available that makes a\nreasonable compromise between speed and ease of use."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-617-618-quick-scans-20.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-617-618-quick-scans-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-617-618-quick-scans-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1261en5byjo,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 12:14 (619-622): Ensign 5 by John Sweeney"",""caption-linebreaks"":""Ensign 5
by John Sweeney
Bells and whistles have become the distinguishing marketing factors for trading software since the\ncapabilities of computers have exploded in the last decade. There's been such a proliferation of\nindicators, trading systems, screening capabilities and interfaces that I fear the actual day-to-day support\nof a real-time trader gets lost in the shuffle. Nowadays, as much as a third of your screen can be absorbed\nby menus, buttons and icons steering you toward the program's capabilities.
However, people who are actually trading don't need all that because they've already homed in on what\nthey want to do. They aren't researching, they're executing. They're pulling triggers, not tweaking\nindicators. They need fast presentation of raw pricing, preferably graphically. They need quick setting\nand resetting of alerts, indicator values now, time and sales now, news now and maybe a quick way to\ntrack trades taken. If they're working options, an expeditious calculation of the greeks helps; position\nstructuring is nifty but usually takes too long and should be in your head anyway. Businesswise, holding\noverhead to a manageable level is prudent and occasionally essential.
As I talk to folks who are trading off the floor, over and over Ensign 5 pops up as a fast, functional\nprogram for trading support.
HISTORY
Ensign IV was reviewed in STOCKS & COMMODITIES in December 1992. The big feature I emphasized\nthen was the data refresh capability. A true lifesaver (and still available), data refresh comes in at night\nand on the weekends to fix up all the holes in your data. The holes come from a variety of sources when\nusing any realtime datafeed, but they inevitably appear. Starting each morning with clean, recent data is a\ntime-saving Godsend that just about justified Ensign IV's purchase all by itself."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-619-622-ensign-5-by-john-sweeney-20.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-619-622-ensign-5-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-619-622-ensign-5-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1262oplabby,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 12:14 (623-624): Options Laboratory by John Sweeney"",""caption-linebreaks"":""Options Laboratory
by John Sweeney
A truly facile options analysis program is a joy for the analyst. Assuming the data input hassle is\nhandled in a straightforward fashion, the analytical computations handled smoothly and results presented\ncolorfully makes the position's potential sweetly apparent.
One very thoughtful program, and one that handles the education of the options trader as well as his\npositions, is Mantic Software's Options Laboratory. Options Laboratory comes with a well-designed\nWindows interface that ran for me with no problems. Data input, though it can be in any sequence, is\ncompletely standard and thus easy. Each step is suggested by a prompt line, so that all the essentials are\nentered. Where the program can provide clickable input (like strike prices), it does. All this doesn't\novercome the tedium of manual entry completely, but it certainly helps. Thrown in are automatic\ncalculations of fees, a true grace note."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-623-624-options-laboratory-by-john-sweeney-20.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-623-624-options-laboratory-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-623-624-options-laboratory-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1262stocdat,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 12:14 (625-625): STOCK DATA"",""caption-linebreaks"":""STOCK DATA
Want cheap data on lots of stocks? Hardly anything is more reasonable than Stock Data Corp.'s offer\nof all New York Stock Exchange (NYSE) and American Stock Exchange (AMEX) stocks for $35 per\nmonth, or $350 per year. Add the NASDAQ stocks for $15 a month or $500 per year in all. Thrown in with\nthe raw data are just over 100 market indicators and indices ranging from the Japan Index to TRIN (also\nknown as the Arms index) to the spread between the Standard & Poor's 500 futures and cash.
This is much cheaper than a chart service with equivalent coverage and, for an old-fashioned technician\nor a broker who just wants to see the picture without a raft of studies, Stock Data Corp. can be a onestop\nshopping decision. Data is also available tabularly."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-625-625-stock-data-20.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-625-625-stock-data-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-625-625-stock-data-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1262sidquan,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 12:14 (626-630): SIDEBAR: QUANSTROM PLOTS"",""caption-linebreaks"":""QUANSTROM PLOTS
Hm. I wonder if increased volume correlates with higher prices. Or vice versa?
Quanstrom plots are designed to explore this question graphically (sidebar Figure 1). In a Quanstrom\nplot, the change in price, period to period, is plotted vertically against the volume horizontally."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-626-630-sidebar-quanstrom-plots-20.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-626-630-sidebar-quanstrom-plots-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-626-630-sidebar-quanstrom-plots-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1262topvesb,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 12:14 (626-630): Top Vest by John Sweeney"",""caption-linebreaks"":""Top Vest
by John Sweeney
My first glance at TopVest wasn't reassuring. The jagged-lettered logo be spoke Dos, and the garish\nred-white-yellow blue color scheme wasn't exactly high style. Fortunately, most of my misgivings were\nwrong. TopYest, though thoroughly dependent on Dos, turned out to be an easy study and capable of\nmajor analytical feats I'd been dreaming about recently.
Whether it's old age or boredom, I'd been wanting to enhance my analysis with fundamental input as well\nas technical. Looking at the capabilities of products and analysts' published research of this nature made\nme want a convenient package to bring the two worlds together. TopVest is not quite that dream package,\nbut it's clearly along the same thoughts. It's an industrial-strength Telescan for commercial applications.\nIn size, speed, capability and, yes, price, it is simply huge.
It would be nice in the modern world to have integrated access to worldwide pricing of major markets\n(equity, debt, commodities, currencies), and fundamentals of each (company data, economic data) using\nmodern interactive graphic displays of the data. Savant makes a serious stab at this for publicly held US\ncompanies. It can supply most fundamental data on more than 10,000 US symbols, and its associated\nvendors can supply the pricing data for technical analysis.
Once all the numbers are on hand, Top Vest will scan the data for anomalies (splits, gaps, unreasonable\nvalues) and notify you of anything needing validation. Top Vest deserves great credit for the successful\nexecution of this refresh feature."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-626-630-top-vest-by-john-sweeney-20.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-626-630-top-vest-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-626-630-top-vest-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1263natpulb,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 12:14 (631-633): Nature's Pulse by John Sweeney"",""caption-linebreaks"":""Nature's Pulse
by John Sweeney
Installation? It's a slam-dunk. Data access? It's a breeze. Just show the program the directory and it takes\nit from there. Windows fire up? No problem. Create a new program item, not a PIF. Load and\ndisplayÑ fast! Even big files. Screen display (Figure 1) Ñ crisp.
Cursor interaction? Great. Data values are always there and the active data bar is highlighted.\nCompressing/zooming? Instant squish to weekly, monthly, quarterly or yearly. And back. Zooming by\nkeyboard, not mouse, always centered on where you pointed. Great! Jumping to datesÑ lots of ways, all\nof them fast!
Hmmm Ñ no trendlines or typical indicators. This is different....
What's this Automode deal? A projected turning point!
Automode is the first of the conveniences you run across in Nature's Pulse from Kasanjian Research.\nUsing features described below,Nature's Pulse looks back about 100 bars from today to find five\nsignificant pivot points. With those, the software calculates cycles using multipliers of 2,3,4, 1.618, 2.618\nand 4.236 to come up with possible clusters that might indicate turning points in the future. In Figure 2,\nfor example, May 8 was selected. No direction was indicated, just the expected date of a change. Curious\nabout the result? Look it up."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-631-633-nature-s-pulse-by-john-sweeney-20.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-631-633-nature-s-pulse-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-631-633-nature-s-pulse-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1263futprov,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 12:14 (634-636): Futures Pro Version 2.0 by John Sweeney"",""caption-linebreaks"":""Futures Pro\nVersion 2.0
by John Sweeney
Want to trade the world's active futures on a volatility-adjusted, breakout basis? Futures Pro 2.0,\nEssex Trading Co.'s latest incarnation of its long-developed futures software, lets you trade your choice\nof over 50 US and international contracts with a sophisticated Windows-based support package with\nnearly all the bells and whistles that systems traders want.
Not only do you get a built-in, specified trading system (which is why you bought the package), but you\nalso get contract history back to inception or 1977, whichever is earlier. This allows you to backtest,\ngraph and run indicators from the futures equivalent of the dawn of time. You may put in new numbers\nmanually or extract data from Signal, CSI, MetaStock, CompuTrac, Technical Tools or ASCII files.\nMoreover, the 11 different parameters affecting trading decisions are optimizable for those of that\npersuasion, and you can also trade whole portfolios, analyzing their performance graphically with an\nequity curve display."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-634-636-futures-pro-version-2-0-by-john-sweeney-20.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-634-636-futures-pro-version-2-0-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-634-636-futures-pro-version-2-0-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1263aimforw,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 12:14 (637-639): AIM For Windows Version 2.01 by John Sweeney"",""caption-linebreaks"":""AIM For Windows\nVersion 2.01
by John Sweeney
Neural networks haven't proven to be a panacea for those who want to find hidden patterns. No, the\nneural nets require artful preparation of the data and equally artful, not to mention time consuming,\nstructuring of the network and exploration of the data. Nor does the world stand still once a model is\ndefined; network models age the way that other models do.
Those who use neural networks often wish for a tool that could be as effective but take less time to create\nand update. Mostly, though, they crave speed. AIM (which stands for Abductive Information Modeling).is\nan alternative approach with that promise.
LET'S THINK ABOUT THIS
Before diving in, think about this for a minute. Let's say you buy the idea that tomorrow's price change is\nrelated to first, today's change, second, the change from 10 days ago and three, the change from 20 days\nago, but you don't know exactly what the relationship is."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-637-639-aim-for-windows-version-2-01-by-john-sweeney-20.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-637-639-aim-for-windows-version-2-01-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-637-639-aim-for-windows-version-2-01-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1264asgrapv,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 12:14 (640-643): Aspen Graphics Version 2.27 by John Sweeney"",""caption-linebreaks"":""Aspen Graphics\nVersion 2.27
by John Sweeney
For traders not dependent on in-house datafeeds and in-house analytics, Aspen Graphics provides a one\nstop, no-hassle solution with premium quality data, quotes, graphics and analytics. People who can use\nthis level of software will love the primo quality of the software.
If that's not enough, considerable savings can be had in situations where more than one user needs to do\ntechnical work at the same time. Up to 15 personal computers can feed from a single 486 based server\nitself served by your core datafeed, and those same computers needn't be dedicated; they can also be used\nfor other chores. Thus, a group of brokers could lower their costs of data and software by spreading it\namong themselves. Trading groups of, say, three to five could do the same.
SETUP
We were fortunate to receive a computer in the mail that was completely set up. Most users, however,\nupgrade their machines and then install the software and historical database. (You can package up your\nmachine and send it to Aspen and they'll install the whole thing for you, if you'd like.) The database is\nbrought current by modem to Aspen's database (this is also your refresh feature, should you need it), the\nsignal is turned on, and away you go. In our case, we already had the signal and then got the machine in\nthe mail. I hooked the BMI datafeed to the back of the machine and turned everything on. It all worked\ninstantly.
As soon as you've installed everything and entered all your datafeed and Aspen passwords, you'll get a\ncall from the over-the-phone tutorial specialist, who'll guide you through the most prominent features of\nthe program and make sure the screens and displays you particularly need are up and running by the end\nof the session."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-640-643-aspen-graphics-version-2-27-by-john-sweeney-20.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-640-643-aspen-graphics-version-2-27-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-640-643-aspen-graphics-version-2-27-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1264tradrec,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 12:14 (644-646): Trading Recipes Version 2.05 by Robert D. Flori"",""caption-linebreaks"":""Trading Recipes\nVersion 2.05
by Robert D. Flori
How many of us haven't spent huge chunks of time trying to develop a good trading system for one\nmarket? Have you ever wanted to test your systems across several markets? In this regard, Trading\nRecipes is a breath of fresh air. Instead of testing a trading system on a single security, the program will\ntest the results of any trading system you devise on your entire portfolio. After four years of development,\nthe now-completed software is truly unique.
This program is especially helpful for futures traders because it provides multimarket and multiposition\nsimulations, complete with money management. For example, if you're trading several currencies, live\ncattle, cocoa and corn, what you really want to know is how the system you develop will fare, including\nthe money management over the collection of markets at the same time. Trading Recipes analyzes your\ncombined portfolio, giving you a complete accounting of the results and graphs all the things you need to\nknow.
QUICK TESTING
As soon as I installed the program, I entered my present trading system and tested it with the parameters I've been using most recently. My system involves moderately active trading in common stocks. The\nresults punctured my ego, as I quickly learned that my system was not as good as I thought it was and\nmore refinements are needed. To find out something like this is worth the price of the program!"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-644-646-trading-recipes-version-2-05-by-robert-d-flori-20.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-644-646-trading-recipes-version-2-05-by-robert-d-flori-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-644-646-trading-recipes-version-2-05-by-robert-d-flori-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1264megchar,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 12:14 (647-648): MegaTech Chart System Version 2.03"",""caption-linebreaks"":""MegaTech Chart System\nVersion 2.03
Sraightforward charting and technicalsÑ that's the story with MegaTech Chart System. Inspired by its\ngenesis as a pit-side technical program at the Chicago Board of Trade (CBOT), MegaTech is a throwback\nto the days when keyboard control and menus could get fast typists where they wanted to go with little\nfuss and a lot of speed.
You open any session by constructing the windows you want. You may construct as many as 16 by\nsubdividing the original window and you may size them using a clever scheme of a divider manipulated\nwith your keyboard's directional arrows. Or you can use your mouse, which, by selecting items from the\nmenu, can achieve the same ends as the keyboard actions.
Once your windows are created, you fill them with your trading items . It's worth noting that data for\nMegaTech can come from a wide variety of sources, but the most favored is Knight-Ridder, whose\nprogram can download and dump the data in MegaTech's Pro format. In addition, MegaTech can read\nhistorical data from Knight-Ridder's CRB InfoTech, a compact disk that has daily cash and commodity\nprices, some going back as far as 1946 (see sidebar, \""Knight-Ridder's CRB InfoTech\""). The program\ndoesn't read other data directly in their native formats or home directories, but it does come with\nconversion utilities that move the data into the super fast binary files in which MegaTech stores things.\nYou save space and speed up the program."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-647-648-megatech-chart-system-version-2-03-20.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-647-648-megatech-chart-system-version-2-03-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-647-648-megatech-chart-system-version-2-03-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1264sidnigc,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 12:14 (647-648): SIDEBAR: NIGHT-RIDDER'S CRB INFOTECH"",""caption-linebreaks"":""NIGHT-RIDDER'S CRB INFOTECH
With CRB InfoTech, Knigt-Ridder Financial offers via CD-ROM technology access to 30 years of cash,\nfutures, 24-hour foreign exchange (FOREX), index and options markets from exchanges from around the\nworld. The historical database includes daily cash prices on 84 commodity markets, 76 financial markets\nand up to 30 years of data on 132 futures markets. Daily futures price data includes open (when\navailable), high, low and settlement prices plus total volume and open interest by market."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-647-648-sidebar-night-ridder-s-crb-infotech-20.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-647-648-sidebar-night-ridder-s-crb-infotech-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-647-648-sidebar-night-ridder-s-crb-infotech-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1264evver21,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 12:14 (649-650): Evolver Version 2.1 by Lou Mendelsohn"",""caption-linebreaks"":""Evolver\nVersion 2.1
by Lou Mendelsohn
Recent advancements in computer and telecommunications technologies have made the globalization\nof today's financial markets easier. Already, sophisticated traders, cognizant of the influence of related\nmarkets on one another, are incorporating intermarket analysis in their trading decisions through a variety\nof means ranging from simple chart analysis to methods of performing statistical linear correlations. Yet\nthe intermarket relationships hidden in this data are often quite complex and not readily apparent, while\nthe scope of analysis is virtually unlimited.
As a result of the growing use of intermarket analysis, technical analysts and research-oriented traders\nare turning to various advanced computer technologies to analyze this data more effectively so as to trade\nmore profitably. Neural networks is one tool that has generated a great deal of interest because it\naddresses the nonlinear nature of the financial markets. Genetic algorithms (GAs) offer a general-purpose\ntool for performing search and optimization functions. GAs, in addition to standalone systems, are an\nexcellent tool that can be used with other technologies including neural networks, machine learning\nsystems and genetic programming. One provider of commercially available genetic algorithm software is\nAxc• lis, which offers a genetic algorithm program called Evolver."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-649-650-evolver-version-2-1-by-lou-mendelsohn-20.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-649-650-evolver-version-2-1-by-lou-mendelsohn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-649-650-evolver-version-2-1-by-lou-mendelsohn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1265neurpro,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 12:14 (651-653): NeuralWare Professional II/PLus Version 5.0 by Tushar Chande"",""caption-linebreaks"":""NeuralWare Professional II/PLus\nVersion 5.0
by Tushar Chande
NeuralWare Professional II/PLUS probably has everything you'll need in neural net technology but were\nafraid to ask for. The software has a friendly graphic interface that integrates a large number of neural net systems under a unified roof. The program is flexible, powerful and easy to use. If you're serious about\ndeveloping neural nets for forecasting or classification, take a long, hard look at this product. NeuralWare\nProfessional II gives you a lot for your money.
The key to using NeuralWare is knowing what you want, particularly true because a multitude of choices are available at each step. NeuralWare Pro-II has remarkable breadth: network types, transfer functions,\nmonitoring instrumentation and other useful features are all accessible through point-and-click menus.\nPro-II/PLUS permits only automatic scaling of data. Another product, DataSculptor, provides a wide\nvariety of data preprocessing tools. The variety is impressive—but its greatest strength may also be its\ngreatest weakness. The package is easy to learn but takes time to master, and you could easily tweak\nyourself into a corner."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-651-653-neuralware-professional-ii-plus-version-5-0-by-tushar-chande-20.gif"",""height"":""272"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-651-653-neuralware-professional-ii-plus-version-5-0-by-tushar-chande-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-651-653-neuralware-professional-ii-plus-version-5-0-by-tushar-chande-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1265canform,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 12:14 (654-656): Candlestick Forecaster, Master Edition Version 4.1 by John Sweeney"",""caption-linebreaks"":""Candlestick Forecaster, Master Edition\nVersion 4.1
by John Sweeney
People love candlestick charts but, like Equivolume charts, find interpreting them difficult. Enter the\npersonal computer: International Pacific Trading's Candlestick Forecaster not only charts the data but\nalso provides forecasts and interpretations.
The interpretations come from Candlestick Forecaster's library of 41 candlestick types and 750 patterns\nstored in memory. Using proprietary artificial intelligence routines, Candlestick Forecaster sorts through\nthis melange and identifies the item. Not only that, the program also monitors the levels of its standard\nindicators and notifies you when they reach extraordinary levels.
To assist in merging conventional analysis with that of candlestick analysis, Candlestick Forecaster also\nprovides an array of conventional indicators: relative - strength index (RSI), moving averages, Williams'\n%R, stochastics and trading bands. The program can also plot volume coincident with price."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-654-656-candlestick-forecaster-master-edition-version-4-1-by-john-sweeney-20.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-654-656-candlestick-forecaster-master-edition-version-4-1-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-654-656-candlestick-forecaster-master-edition-version-4-1-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1265sidgrac,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 12:14 (657-660): SIDEBAR: GRACE NOTES"",""caption-linebreaks"":""GRACE NOTES
TickerWatcher's personality is captured somewhat by the points of elegance scattered throughout its\nprogramming. Lots of seemingly small things have been included to make life easier. To wit: ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-657-660-sidebar-grace-notes-20.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-657-660-sidebar-grace-notes-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-657-660-sidebar-grace-notes-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1265sidlint,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 12:14 (657-660): SIDEBAR: LINKING TO EXCEL IN REAL TIME"",""caption-linebreaks"":""LINKING TO EXCEL IN REAL TIME
Although the capability is there, Linn Software's manual doesn't tell you how to set up the Excel\nspreadsheet program to extract information from TickerWatcher and put it in your spreadsheet. Here's the\npath: ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-657-660-sidebar-linking-to-excel-in-real-time-20.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-657-660-sidebar-linking-to-excel-in-real-time-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-657-660-sidebar-linking-to-excel-in-real-time-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1265ticver7,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 12:14 (657-660): TickerWatcher Version 7.0"",""caption-linebreaks"":""TickerWatcher\nVersion 7.0
by John Sweeney
Traders don' t demand all that much in a real-time platform: prompt, accurate quotes that can be\nsquirreled away somewhere safe; price history charts that run from tick to 10 years or so; screening of\nnews and price action for trading situations; technical studies that can be invoked quickly and flexibly;\nsupport for custom analyses; plus portfolio monitoring and alarms. Hey, we're easy to please.
To get all that (well, all except for the stuff about 10 years' data) and to get it on an Apple Macintosh is a startling new development, but TickerWatcher fills many of these requirements plus two more (screening\nand dynamic datalink) that no other real-time retail program handles. Founder and programmer Bill Linn\nhas succeeded in empowering individuals via their computers (and links to Excel and datafeeds) to\ncompete with the heavy weights, just as Apple Computer cofounder Steve Jobs once envisioned.
Having been developed for the Mac by Mac-competent programmers, TickerWatcher makes many\nconcessions to the tabular history of securities analysis, with quote pages being the foremost (Figure 1).\nAlthough most things can be performed from the mouse, only some things can be manipulated directly\nvia mouse without a detour through a menu. However, in comparing it with the many real time MS-DOS\nprograms that we've seen here at STOCKS & COMMODITIES, TickerWatcher's graphic, interactive interface\nis clearly superior.
SCREEENS
Most traders would begin by getting symbols into the quote screens, and TickerWatcher makes this fairly\neasy with a batch entry mode that allows you to import a text file of symbols and security names.\nAlternatively, filling out a complete entry screen is fast for a couple hundred entries. Especially fast is\nimporting presupplied lists (for use with DTN and BMI) of all optionable stocks, the Dow Jones 30 stocks,\nthe Standard & Poor's 100 or 500, and all futures contracts. \""Bundled\"" editions of TickerWatcher come\nwith predefined lists of industry group symbols from Industry Monitors, giving you maybe 7,000\nsymbols right from the get-go."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-657-660-tickerwatcher-version-7-0-20.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-657-660-tickerwatcher-version-7-0-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-657-660-tickerwatcher-version-7-0-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1266globver,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 12:14 (661-664): GlobalView Version 5.1 by John Sweeney"",""caption-linebreaks"":""GlobalView\nVersion 5.1
by John Sweeney
As taken with real-time trading support systems as STOCKS & COMMODITIES has been of late, it's no\nwonder that GlobalView, today's successor to one of the original computerized trading systems,\neventually showed upon our review desk. Now, I'm used to seeing impressive analytical capabilities as\nwell as quotes and graphs. However, GlobalView forces a new idea on me: shipping the data to Microsoft\nExcel/Lotus 1-2-3/Quattro spreadsheets, where the user — the customer, that is — can apply his or her\nprogramming and analytical skills.
GlobalView fits in this niche. It may even be the whole niche. GlobalView's unique virtue is that it's open\nto running efficiently on just about any network with many popular datafeeds. It uses a client-server\narchitecture, but keeps network traffic down to data requests. Although it runs, and was reviewed, in\nstandalone mode, its usual setup is as part of a network, where processing is done at the \""seat\"" -- where\nthe human user is. This points GlobalView squarely at the multistation, institutional market.
That and the pricing.
GlobalView is priced modularly. You buy a server and stations, unless you are a single station, in which\ncase everything is in one machine. In addition, GlobalView permits some stations to be part-time for less\nmoney. Thus, if you have people who don't need to be on constantly, you may buy a lower-priced seat with somewhat restricted access. Even the software is priced individually. Purchasers and users can lease\njust what they need on a monthly rental."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-661-664-globalview-version-5-1-by-john-sweeney-20.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-661-664-globalview-version-5-1-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-14-661-664-globalview-version-5-1-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v12313tradti,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-3"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 12:3 (132-132): Traders' Tips by Technical Analysis, Inc."",""caption-linebreaks"":""Traders' Tips by Technical Analysis, Inc.
METASTOCK\nThe January 1994 STOCKS & COMMODITIES featured an article by Hans Hannula on polarized fractal\nefficiency. Here is the custom formula for creating the five-period smoothed 10-day PFE (Figure 1) using\nMetastock:\nPolarized Fractal Efficiency..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-3-132-132-traders-tips-by-technical-analysis-inc-21.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-3-132-132-traders-tips-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-3-132-132-traders-tips-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v12417tradti,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 12:4 (179-180): Traders' Tips by Techniceal Analysis, Inc."",""caption-linebreaks"":""Traders' Tips by Techniceal Analysis, Inc.
MICROSOFT EXCEL
The feature article this month, “Optimizing momentum,” presents custom formulas for the Warren\nmomentum indicator (WAMI) for use in Equis MetaStock. Here are the custom formulas for a Microsoft\nExcel spreadsheet (Figures 1 and 2) using the parameters L = 4, M = 13 and N =13. Column A is the\ndate, column B is the closing price of December 1993 copper futures and column C is the one-day\ndifference in price."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-4-179-180-traders-tips-by-techniceal-analysis-inc-21.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-4-179-180-traders-tips-by-techniceal-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-4-179-180-traders-tips-by-techniceal-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v12627tradti,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-6"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 12:6 (274-274): Traders' Tips"",""caption-linebreaks"":""Traders' Tips
The steps to create the calibrated summation index, the McClellan oscillator, the McClellan summation\nindex and the advance-decline line are all very similar. Here is the code in MetaStock and TradeStation languages."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-6-274-274-traders-tips-21.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-6-274-274-traders-tips-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-6-274-274-traders-tips-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v12731tradti,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-7"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 12:7 (310-310): Trader's Tips"",""caption-linebreaks"":""Trader's Tips
This month's Traders' Tips creates an on-balance volume line with a 40-period Bollinger Band in a spreadsheet as discussed in the interview with Gilbert Raff. Code for Bollinger Band is also provided for MetaStock and TradeStation."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-7-310-310-trader-s-tips-21.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-7-310-310-trader-s-tips-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-7-310-310-trader-s-tips-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v12835tradti,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-8"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 12:8 (352-352): Trader's Tips"",""caption-linebreaks"":""Trader's Tips
In \""Maximizing bond fund profits'' by Jay Kaeppel this month, a 12-month (52-week) rate of change\nindicator o f Barron's Gold Mining Index (GMI) is used with the Treasury bond futures market. The formula for this trading system is given for Equis MetaStock and in Micrsoft Excel format."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-8-352-352-trader-s-tips-20.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-8-352-352-trader-s-tips-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-8-352-352-trader-s-tips-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c09-bandpas-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-9"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 12:9 (370-375): The Bandpass Indicator by John F. Ehlers"",""caption-linebreaks"":""The Bandpass Indicator by John F. Ehlers
Here's an indicator that can be adjusted to be a leading indicator of market reversals based on the cycles in the price data, presented by a longtime S&C contributor.
The bandpass indicator is an oscillator-type indicator. It makes full use of the digital computational power of your computer and therefore is superior to conventional oscillators such as the relative strength index (RSI) or the stochastic indicator when the market is in a cycle mode. If you were to stop and think about what an oscillator does, you would conclude that it performs two functions: it detrends the price, and it does some smoothing.
Now, these functional characteristics are true regardless of how the oscillator is constructed in the time domain. Thinking of the functions in terms of frequency: The oscillator removes the unwanted low-frequency components (detrends) and removes the unwanted high-frequency components (smoothes). Because the undesired frequencies are rejected, oscillators pass a band of desired frequencies in their transfer response. If oscillators pass a desired band of frequencies, why not attack the analysis problem head-on in the frequency domain?
That's exactly what the bandpass indicator does. The bandpass indicator rejects the undesired frequency components and allows only the desired frequency components to pass. The indicator differs from conventional oscillator filters in that, by working solely in the frequency domain, the bandpass indicator's sophisticated digital filters can be used to sharpen the boundary between the desired and undesired frequency components. As a result, superior detrending and smoothing is produced with no penalty in increased lag."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-9-370-375-the-bandpass-indicator-by-john-f-ehlers-21.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-9-370-375-the-bandpass-indicator-by-john-f-ehlers-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-9-370-375-the-bandpass-indicator-by-john-f-ehlers-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v12939tradti,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-9"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 12:9 (393-394): Traders' Tips"",""caption-linebreaks"":""Traders' Tips
Here are the custom formulas to create a relative strength index (RSI) ratio used in \""Trading the ratio of\nthe RSI\"" by Russell Rhoads presented in MetaStock; the formulas for CompuTrac SNAP and Behold! for the money flow index discussed in the August 1994 article “On trendlines, money flow index and the Elliott wave” by Brian D. Green; and the TradeStation code for the “First-hour breakout system,” which was introduced in July 1994 (page 282)."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-9-393-394-traders-tips-21.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-9-393-394-traders-tips-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-9-393-394-traders-tips-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v14-c02-sidepri-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-14-chapter-2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 14:2 (55-62): Sidebars: Price Distribution Functions and Mobility Oscillator by Mel Widner, Ph.D."",""caption-linebreaks"":""V. 14:2 (55-62): Sidebars: Price Distribution Functions and Mobility Oscillator by Mel Widner, Ph.D.
PDFs are computed using a Microsoft Excel 5.0 spreadsheet. The first step is compute the price range and divide the range into intervals. The maximum high and minimum low are:
{Cell C19} = MAX(C3:C16)
{Cell D19} = MIN(D3:D16)
Interval boundaries start in cell G2 as
= $D$19 + (G1/10)*($C$19-$D$19)
then fill right through cell P2. The contributing terms Ti,j start in cell G3 as
= IF(G$2<$D3,0,IF(G$2>$C3,1,(G$2-$D3)/($C3-$D3)))
then fill right through cell P3. Next, select from cell G3 through cell P3 and fill down through row 16. The CPDF\nvalues are given in cell G17 as
= SUM(G3:G16)/14
Fill right through cell P17. The PDF values are given as
{Cell G18} = G17
{Cell H18} = H17 - G17"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-14-2-55-62-sidebars-price-distribution-functions-and-mobility-oscillator-by-mel-widner-ph-d-20.gif"",""height"":""261"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-14-2-55-62-sidebars-price-distribution-functions-and-mobility-oscillator-by-mel-widner-ph-d-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-14-2-55-62-sidebars-price-distribution-functions-and-mobility-oscillator-by-mel-widner-ph-d-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19114gopran,d,"{""minimum-quantity"":""1"",""path"":""chapter15"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:1 (14-21): Gopalakrishnan Range Index by Jayanthi Gopalakrishnan"",""caption-linebreaks"":""Should you be trading pork bellies or AT&T? How\ncan you tell what you should be trading, besides\npainful experience? This might give you a clue.
Anyone who has ever observed the\nmarkets over time can tell you that\nsome markets are erratic, while\nsome are consistent and contiguous\n(Figure 1). Both types provide\nopportunities for trading, but the\nmarket you choose to trade will depend on your level\nof expertise — some markets are notoriously volatile\nand not easy to deal with — and personality. Perhaps\nyou prefer trading in a market that moves consistently"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-1-14-21-gopalakrishnan-range-index-by-jayanthi-gopalakrishnan-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-1-14-21-gopalakrishnan-range-index-by-jayanthi-gopalakrishnan-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-1-14-21-gopalakrishnan-range-index-by-jayanthi-gopalakrishnan-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19122tradmo,d,"{""minimum-quantity"":""1"",""path"":""chapter15"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:1 (22-26): Trading Momentum: Overbought And Oversold Levels by Martin J. Pring"",""caption-linebreaks"":""This veteran trader and market analyst starts a new series,\nthis time discussing the basics of momentum trading.
Momentum measures the velocity of a\nprice move and is a generic term that\ndescribes the oscillators plotted under\nthe price series of many charts.\nThe same way that the word fruit\nencompasses apples, oranges,\ngrapes, bananas, and more, momentum\nembraces a host of individual\nindicators, such as rate of change,\nrelative strength index (RSI), moving average convergence/\ndivergence (MACD), and stochastics, as can be seen in Figure 1.\nEach indicator has different attributes, but the principles of\ninterpretation apply to them all. Think of it this way: Fruit is\ntypically sweet and is almost always grown at the time of year\nwhen the climate is warmest. Each has individual characteristics\nand grows only in specific climates and seasons; some\nfruits are sweeter than others, some require hot temperatures,\nand others a long growing season. Likewise, momentum indicators have some common characteristics,\nbut they differ in their interpretive\nproperties. Some momentum indicators\nare more suited to specific rules\nthan others."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-1-22-26-trading-momentum-overbought-and-oversold-levels-by-martin-j-pring-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-1-22-26-trading-momentum-overbought-and-oversold-levels-by-martin-j-pring-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-1-22-26-trading-momentum-overbought-and-oversold-levels-by-martin-j-pring-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19130qabydo,d,"{""minimum-quantity"":""1"",""path"":""chapter15"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:1 (30): Q&A by Don Bright"",""caption-linebreaks"":""TRADING NEWS STOCKS
Since oil has been in the news lately,\ndoes that mean that XON and other oil\ncompanies are newsies and would not\nbe good to trade? Or does the news\nhave to be about the company directly\nbefore you would want to not trade it?\n— J.L., Salt Lake City
It is true we don’t recommend trading\n“news stocks,” but the news must be\nspecific to the company. The opposite\nis true when underlying news (such as\noil prices or the supply figures) will\nhave a direct effect on stocks in several\nsectors (oil companies, oil services, distributors,\nairlines, and so on). The same\nis true for gold stocks, and any other\ngroup that trades around a commodity."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-1-30-q-a-by-don-bright-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-1-30-q-a-by-don-bright-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-1-30-q-a-by-don-bright-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19132chrisc,d,"{""minimum-quantity"":""1"",""path"":""chapter15"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:1 (32-37): Christmas Comes Early With The DJIA by John L. Momsen"",""caption-linebreaks"":""Diving into the Dow Jones Industrial Average is made easier\nwith this seasonal timing trick.
by John L. Momsen
On December 15, like all December 15s in the\npast 80 years, a gilt-edged invitation for\nseasonal trading profits will arrive at your\ndoor. You, along with millions of your\nfellow investors, will be asked to attend the most historically profitable equity trading\nopportunity of the year. Will you accept the\ninvitation, or will you pass up this golden opportunity\nto learn the secret of the miracle market\nstrategy that produced profits even during the\ndisastrous decade of the Great Depression? Even\nveterans of the trading wars may have forgotten\nthis goody."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-1-32-37-christmas-comes-early-with-the-djia-by-john-l-momsen-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-1-32-37-christmas-comes-early-with-the-djia-by-john-l-momsen-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-1-32-37-christmas-comes-early-with-the-djia-by-john-l-momsen-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19140garset,d,"{""minimum-quantity"":""1"",""path"":""chapter15"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:1 (40-47): The Gartley Setup by Rudy Teseo"",""caption-linebreaks"":""If identifying head-and-shoulders or cup-with-handle patterns\nhas left you frustrated, don’t despair! This classic\nsystem might be for you.
Price patterns by themselves (without\nmoving averages and indicators)\nare all that is necessary to chart\na stock and understand what’s happening.\nWe might say that pattern\nrecognition is the heart of technical\nanalysis. If that’s true, why\nare technical indicators the backbone\nof 99% of our systems? Is it because we have trouble\nidentifying those head and shoulders, cups with handles,\nand ascending triangles? Here’s a technique that uses\nprice charts only, is fairly easy to master, and has a track\nrecord of 70% wins.
I use Fibonacci ratios to measure the retracements of a\nstock’s up and down movement, with the objective of developing\na geometric pattern that, when completed, gives a buy\nor a sell signal."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-1-40-47-the-gartley-setup-by-rudy-teseo-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-1-40-47-the-gartley-setup-by-rudy-teseo-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-1-40-47-the-gartley-setup-by-rudy-teseo-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19157tradti,d,"{""minimum-quantity"":""1"",""path"":""chapter15"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:1 (57-59): Traders’ Tips"",""caption-linebreaks"":""• NEUROSHELL TRADER
Jayanthi Gopalakrishnan’s range index described elsewhere\nin this issue is very easy to build in NeuroShell Trader using\nexisting standard indicators that find the highest high, the\nlowest low, and the log.
The first indicators you’ll need are in the arithmetic category.\nFirst, insert the divide indicator. For the denominator of the\ndivide indicator, insert the log indicator, setting the log\noperand equal to the number of time periods. For the numerator,\ninsert the log indicator, and for the operand of the log, insert\nthe subtract indicator.
Next, in the subtract indicator, insert the maximum value\nindicator as the first operand and the minimum value as the\nsecond operand. These are found in the basic category. Set\nthe time series for the maximum value to the high, and set the\ntime series for the minimum value to the low. That’s it!"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-1-57-59-traders-tips-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-1-57-59-traders-tips-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-1-57-59-traders-tips-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19160howman,d,"{""minimum-quantity"":""1"",""path"":""chapter15"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:1 (60-61): How Many Options Actually Expire Worthless? by Lawrence G. McMillan"",""caption-linebreaks"":""It’s a good question. And this options expert gives us the\nanswer.
T\nhere is a great myth that the\nmajority of options expire\nworthless. Numbers as high as\n90% have been thrown about\nwithout any substantiation. As\nit turns out, such numbers are\ngross exaggerations. Further,\nit’s not just harmless, incorrect\ninformation, for it may lead\nunknowing option traders into the wrong strategies.
Having been an arbitrage trader for a number of years —\nand hence having had a large number of both put and call\noptions in position at every expiration during those years —\nthe rumors of how many options expired worthless seemed\nway too high to me. So beginning November 1999, I started\nkeeping specific track of just how many options expired\nworthless each month. To do this, I used the final bid-ask\nquote of the option on expiration day. If there was a bid of at\nleast 5/8 point (0.625), then I considered that option as not\nhaving expired worthless. The reason I used 0.625? It is the\namount by which an option must be in-the-moneyÝ in order\nfor the Options Clearing Corp. (OCC) to automatically\nexercise it."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-1-60-61-how-many-options-actually-expire-worthless-by-lawrence-g-mcmillan-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-1-60-61-how-many-options-actually-expire-worthless-by-lawrence-g-mcmillan-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-1-60-61-how-many-options-actually-expire-worthless-by-lawrence-g-mcmillan-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19162insait,d,"{""minimum-quantity"":""1"",""path"":""chapter15"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:1 (62-79): Interview: Saitta! Kepler! Krauss! by John Sweeney"",""caption-linebreaks"":""When Institutional Investor (II) magazine recently named its\nAll-America Fixed-Income Technical Analysis Team, STOCKS\n& COMMODITIES Contributing Editor Alex Saitta was in first\nplace. We thought a roundtable interview of the top three\nwould be not only an offbeat interview but insightful for our\nreaders. We put together S&C Interim Editor John Sweeney,\nAlex Saitta of Salomon Smith Barney, Robert Kepler of\nLehman Brothers, and Michael Krauss of Chase Securities\nfor a look at technical analysis in the big leagues. It turned\nout we’d found a fan of mechanical systems, a momentum\nplayer, and a sentiment tracker, so there was a lot to cover.
II first-teamer Alex Saitta is vice president and senior\nanalyst in Salomon Smith Barney’s technical research department.\nHe analyzes the US fixed-income market and\nprovides commentary on the equity and commodity markets.\nSaitta publishes a newsletter, Financial Markets Daily Outlook,\nwhich provides market views and trading recommendations.\nSaitta led Salomon Smith Barney’s fixed-income technical\nanalysis team in Institutional Investor votes in 1999 and\n2000, and was ranked the top technical analyst on the All-\nAmerica Fixed-Income Team in 2000.
II second-teamer Rob Kepler is senior vice president in\ncharge of technical analysis for the Lehman Brothers fixed\nincome strategy group. He produces Lehman’s Daily Fixed Income/FX Technical Perspective, as well as monthly, weekly,\nand intraday reports in global fixed income, foreign exchange,\nand commodities/derivatives. In addition to contributing\nto Lehman’s flagship Global Relative Value report, he\napplies technical analysis to yield curve, spread product,\nvolatility, and swap markets. Kepler has been named to the\nInstitutional Investor All-America Fixed-Income Research\nTeam for the past two years.
II third-teamer Michael Krauss is managing director and\nhead of global technical strategy at Chase Securities. He\nspecializes in the US Treasury market, swaps, and emerging\nmarkets, with his group’s effort extending to foreign exchange,\nglobal equities, and European bonds. His team’s\nTechnical Strategist daily market letters are received by\nmore than 2,500 institutional clients worldwide. Krauss was\nhonored in 1993 with the first-team ranking in the technical\nmarket timing category of Institutional Investor’s All-America\nFixed-Income Research Team poll — a category that was\ndropped the following year, only to reappear in 1999, when\nhe finished third. Most recently, Krauss’ team took third in\nthe Institutional Investor poll.
STOCKS & COMMODITIES Interim Editor John Sweeney\nconducted this three-way interview via telephone on September\n19, 2000."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-1-62-79-interview-saitta-kepler-krauss-by-john-sweeney-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-1-62-79-interview-saitta-kepler-krauss-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-1-62-79-interview-saitta-kepler-krauss-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v191812letto,d,"{""minimum-quantity"":""1"",""path"":""chapter15"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:1 (8-12): Letters To S&C"",""caption-linebreaks"":""TRADERS’ RESOURCE: BOOKS
Editor, I am interested in trading actively (daytrading) as my\ncareer. Toward this goal, I have read several books —\nBeating The Dow by Michael B. O’Higgins; Your Guide To\nTrading On The Web by David L. Brown and Kassandra\nBentley; Fire Your Broker And Trade Online by Jonathan R.\nAspatore; How To Get Started In Electronic Day Trading by\nDavid S. Nassar — and so much has impressed me and met\nmy interest. I recently discovered your magazine; I think it will\nbe very helpful in studying daytrading. I have two questions I\nhope you will help me with:
1 Books to read to further my education in daytrading;
2 A good electronic direct-access trading broker that I can\nuse in Canada.
TONY SHIN Ottawa, Canada
Sounds like you’re off to a good start with your daytrading education. For more books, look to\nthe listing found in this issue in our Traders’ Resource. This month’s featured category is books.\nYou can also explore what other books these publishers and distributors dealing in books on\ninvesting have to offer. As for a brokerage, we don’t know what the rules are for trading from\nCanada. We suggest checking with individual direct-access brokers for this type of service.\nYou’ll find some listed in the Advertising Index toward the back of each issue of S&C, and we\nreviewed several in STOCKS & COMMODITIES in the past year: PreferredTrade (June 2000),\nCyBerCorp.com (September 2000), TradeCast (October 2000). Look also in our 2001 Bonus\nIssue, due out at year-end, for our Readers’ Choice Awards, which includes a category for\nonline brokerages, including direct-access brokers. Follow up by using the provided contact\ninformation.—Editor"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-1-8-12-letters-to-s-c-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-1-8-12-letters-to-s-c-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-1-8-12-letters-to-s-c-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19182youand,d,"{""minimum-quantity"":""1"",""path"":""chapter15"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:1 (82-84): You And Money by Adrienne Laris Toghraie"",""caption-linebreaks"":""Do you honestly and truly want to make money?
If you are a serious trader, you are in\nthe business to make money. If you\nfor some reason do not want to\nmake money trading, you will\nsabotage your trading so you\nlose money, or do not make\nas much. As a result, you\nwill find yourself out of the\ntrading business, probably\nsooner than later.
This relationship between trading and money is axiomatic;\nit is easy for traders to acknowledge the relationship, but not\nto adhere to it. For traders, the problem arises when the simple\nissue of making money becomes complicated, as it often\ndoes. Over time, the desire to make money can easily become\nsubordinate to any number of important issues in a trader’s\nlife. When the goal of making money loses its vitality and\ninfluence, trading results suffer."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-1-82-84-you-and-money-by-adrienne-laris-toghraie-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-1-82-84-you-and-money-by-adrienne-laris-toghraie-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-1-82-84-you-and-money-by-adrienne-laris-toghraie-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19186tradre,d,"{""minimum-quantity"":""1"",""path"":""chapter15"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:1 (86-93): Traders’ Resource: Books"",""caption-linebreaks"":""You can blunder around the Internet all\nyou want, but for focused instruction on\ntrading technique, the best information\ncan still be found in paper pages. Here is\njust a sampling of all that is available out\nthere in the way of books for traders and\ninvestors, but one thing the Internet is\ngood for is browsing. You can quickly locate just about any book on trading over the Internet these\ndays from Websites such as that of book reseller Trader’s\nPress (www.traderspressbookstore.com). Also, both Amazon\nand Barnes and Noble will suggest related books once\nyou home in on a subject. They can also tell you what other\npeople with similar interests are buying.
Whatever you do, if you’re starting out, be sure to read\nEdwards and Magee, Schwager, Wilder, and Lefèvre to start\nyour education down the right path. (See the handy reading\nlist at the end of the table for these books and other classic\nreading on technical analysis.) And use the following table of\ninformation to discover new sources of reading."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-1-86-93-traders-resource-books-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-1-86-93-traders-resource-books-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-1-86-93-traders-resource-books-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19101sidsec,d,"{""minimum-quantity"":""1"",""path"":""chap10oc201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:10 (101): Sidebar: Sector fund trading with a 100-day moving average. . . by Paul Merriman"",""caption-linebreaks"":""Sidebar: Sector fund trading with a 100-day moving average. . . by Paul Merriman
Step 1 For each sector, calculate the 100-day moving average:
• Add the closing prices (or index values) for the most recent 100 days and then divide this number by 100. . ."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-10-101-sidebar-sector-fund-trading-with-a-100-day-moving-average-by-paul-merriman-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-10-101-sidebar-sector-fund-trading-with-a-100-day-moving-average-by-paul-merriman-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-10-101-sidebar-sector-fund-trading-with-a-100-day-moving-average-by-paul-merriman-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1910tweakth,d,"{""minimum-quantity"":""1"",""path"":""chap10oc201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:10 (108-111): Tweak Those Spreads by Phillips Wiegand Jr."",""caption-linebreaks"":""Tweak Those Spreads by Phillips Wiegand Jr.
Is it possible to trade in any environment? Here are the basics of the calendar spread and how it can be used to trade the more volatile securities.
It’s no secret: Trying to gauge short-term market moves is a challenge. There have been too many times when it felt as though the major indices had hit a bottom. Nearly two dozen rallies since September 2000 have turned out to be bear traps. And each time traders have taken the bait, only to have the bottom fall out from under them as the broad market indices sliced through support levels. The glimmer of hope that keeps us in front of our monitors every day is the belief that the market will turn. Worse, although the market may seem to be turning around, who knows how long it will last? Do we want to keep banging our heads against the wall every day trying to take the long side and continue to be punished? Taking the short side can be just as frustrating and dangerous. How can traders take advantage of this seemingly endless cycle of no direction? It’s simple: trade nondirectionally."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-10-108-111-tweak-those-spreads-by-phillips-wiegand-jr-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-10-108-111-tweak-those-spreads-by-phillips-wiegand-jr-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-10-108-111-tweak-those-spreads-by-phillips-wiegand-jr-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1911dow10by,d,"{""minimum-quantity"":""1"",""path"":""chap10oc201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:10 (114-117): Dow 1000 by Edwin Polokoff"",""caption-linebreaks"":""Dow 1000 by Edwin Polokoff
There are many ways to succeed in this world, and help can come from an unlikely source.
A long time ago, I received a telephone call from a friend and teaching colleague. “Buy a copy of The Saturday Evening Post and read the story about Merrill Lynch,” he said. “I think you should get a job there.” In no great hurry, I eventually did get around to reading about the “thundering herd of Wall Street.” My reaction was immediate. This was for me. So began my love affair with Merrill Lynch."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-10-114-117-dow-1000-by-edwin-polokoff-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-10-114-117-dow-1000-by-edwin-polokoff-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-10-114-117-dow-1000-by-edwin-polokoff-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1911tradres,d,"{""minimum-quantity"":""1"",""path"":""chap10oc201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:10 (118-121): Traders’ Resource: Consultants"",""caption-linebreaks"":""Traders’ Resource: Consultants
Consultants consult on just about every conceivable worry traders have. A quick perusal of our listing this issue shows that they have been called in to consult\non everything from tax advice to weather reporting. Can all this help you? Maybe.
The rules for checking out consultants are simple: check references, check references, and (did you guess?) check references. Nothing can be more vague than a consultant’s initial proposal, but nothing is clearer than a client’s opinion on the success of a consultant’s engagement. Consultants without satisfied clients are likely to be doubly expensive: wasted money and wasted time.
That said and with that in mind, you must do your\nhomework before calling one in to help you. Be sure you can say in one sentence what you want the consultant to achieve. In addition, be sure you know of and can contact people who truly specialize in your area of concern, not simply someone who will take on any problem that someone dreams up. Again, references from others (and satisfied customers) are great leads."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-10-118-121-traders-resource-consultants-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-10-118-121-traders-resource-consultants-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-10-118-121-traders-resource-consultants-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1914lettosc,d,"{""minimum-quantity"":""1"",""path"":""chap10oc201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:10 (14-24): Letters To S&C"",""caption-linebreaks"":""Letters To S&C
BALANCE OF MARKET POWER
Editor,
I read with interest the August 2001 article by\nIgor Livshin on the balance of market power (BMP) and decided to implement the indicator. After some observation, it turns out that all the formulas for this indicator turn out to be, after making all the summations:
BMP := (C-O)/(H-L)
That’s it — the balance of market power is simply the difference between the close and the open, divided by the daily range. What is most curious, because it was not apparent during my reading of the philosophy behind the indicator, is that BMP is the same for the same difference (closeopen), independently of the position of this difference relative to the daily range."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-10-14-24-letters-to-s-c-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-10-14-24-letters-to-s-c-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-10-14-24-letters-to-s-c-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1926postrad,d,"{""minimum-quantity"":""1"",""path"":""chap10oc201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:10 (26-33): Position Trading The S&P by Clifton Mitchell, Ph.D."",""caption-linebreaks"":""Position Trading The S&P by Clifton Mitchell, Ph.D.
Use linear regression to predict short-term trend changes of the Standard & Poor’s 500.
Psychologically speaking, bar chart lows represent\nthe lowest price that sellers are willing to take\nfor a security or commodity. If sellers are not willing to go lower on their selling price, then buyers must pay more and, consequently, prices rise. This is why a series of higher lows has long been accepted as a general indicator of prices moving higher. Evidence of this is most commonly seen when trendlines indicating upward movement are drawn such that they touch the lows of uptrending bar charts. Trends with more higher lows than lower lows can easily be recognized after they have developed. Often, however, this is too late in the move to use as a buy signal, particularly for the short-term position trader. By the time the trend is evident, most of the move is over."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-10-26-33-position-trading-the-s-p-by-clifton-mitchell-ph-d-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-10-26-33-position-trading-the-s-p-by-clifton-mitchell-ph-d-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-10-26-33-position-trading-the-s-p-by-clifton-mitchell-ph-d-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v193410flexc,d,"{""minimum-quantity"":""1"",""path"":""chap10oc201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:10 (34-38, 106-107): Flexible Candlesticks by Viktor Likhovidov"",""caption-linebreaks"":""Flexible Candlesticks by Viktor Likhovidov
In the November 1999 STOCKS & COMMODITIES, Viktor Likhovidov introduced a method by which candlesticks, a subjective charting technique, could be used to develop objective, quantitative values — values that could be used in software for trading. In this latest offering, Likhovidov adds flexibility to his basic method, known as CandleCodes, and in this way garners market sentiment results for different types of markets.
CandleCodes, which I introduced in an article for STOCKS & COMMODITIES in 1999, are intended to make objective the popular but very subjective candlestick technique. There are several versions of CandleCodes that could be useful for chart analysis and construction of trading systems. The general form of such indexes is obtained by assigning variable coefficients (weights) to the elements of the candlestick (body and shadows)."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-10-34-38-106-107-flexible-candlesticks-by-viktor-likhovidov-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-10-34-38-106-107-flexible-candlesticks-by-viktor-likhovidov-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-10-34-38-106-107-flexible-candlesticks-by-viktor-likhovidov-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1935sidadca,d,"{""minimum-quantity"":""1"",""path"":""chap10oc201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:10 (35): Sidebar: Adjustable CandleCode for MetaStock by Viktor Likhovidov"",""caption-linebreaks"":""Sidebar: Adjustable CandleCode for MetaStock by Viktor Likhovidov
All MetaStock notations and formulas follow Likhovidov's STOCKS & COMMODITIES articles from the November 1999 and March 2001 issues."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-10-35-sidebar-adjustable-candlecode-for-metastock-by-viktor-likhovidov-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-10-35-sidebar-adjustable-candlecode-for-metastock-by-viktor-likhovidov-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-10-35-sidebar-adjustable-candlecode-for-metastock-by-viktor-likhovidov-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1942monmani,d,"{""minimum-quantity"":""1"",""path"":""chap10oc201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:10 (42-50): Money Management Indicators by Michael R. Bryant, Ph.D."",""caption-linebreaks"":""Money Management Indicators by Michael R. Bryant, Ph.D.
Keeping track of your system’s performance will alert you to changes in market behavior.
T raditional market indicators are typically based on price. Moving averages, for example, are calculated using a specific number of bars of price history. Traditional indicators can be useful for gauging price action in the market, but I wanted indicators to measure how my system was performing. So I tried out a combination of indicators based on the profit/loss stream of a trading system.
These money management indicators are plotted on a price chart just as any other indicators. But instead of being used to analyze the market, they analyze trading systems and provide information about how a trading system is responding to the market. They are particularly useful for risk and position management. In effect, money management indicators are derivative indicators, since they are based on how the trading system responds to the market rather than on the market itself."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-10-42-50-money-management-indicators-by-michael-r-bryant-ph-d-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-10-42-50-money-management-indicators-by-michael-r-bryant-ph-d-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-10-42-50-money-management-indicators-by-michael-r-bryant-ph-d-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1954trendet,d,"{""minimum-quantity"":""1"",""path"":""chap10oc201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:10 (54-61): Trend Detection Index by M.H. Pee"",""caption-linebreaks"":""Trend Detection Index by M.H. Pee
Can you tell when a trend’s begun and when it’s ended? You can with this.
The trend detection index (TDI) is used to detect when a trend has begun and when it has come to an end. The TDI can be used as a stand-alone indicator or combined with others; it will perform well in detecting the beginning of trends. However, this does not mean its signals are totally accurate. Protective stops as well as trailing stops must be incorporated to produce a complete mechanical system. These stops are required to protect against large losses when the indicator generates a losing trade. The TDI is robust; it can trade a diverse portfolio of markets profitably over many years, using the same parameters throughout."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-10-54-61-trend-detection-index-by-m-h-pee-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-10-54-61-trend-detection-index-by-m-h-pee-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-10-54-61-trend-detection-index-by-m-h-pee-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1956sidtdir,d,"{""minimum-quantity"":""1"",""path"":""chap10oc201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:10 (56-57): Sidebar: The TDI rules in Excel by M.H. Pee"",""caption-linebreaks"":""Sidebar: The TDI rules in Excel by M.H. Pee
Here’s an example to illustrate the calculation of the TDI. The Excel spreadsheet in sidebar Figure 1 lists all the values required for the calculations of the trading signals of the TDI for yen between September 23, 1998, and December 31, 1998. The spreadsheet is structured in rows, with each row representing one day."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-10-56-57-sidebar-the-tdi-rules-in-excel-by-m-h-pee-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-10-56-57-sidebar-the-tdi-rules-in-excel-by-m-h-pee-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-10-56-57-sidebar-the-tdi-rules-in-excel-by-m-h-pee-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1962insurby,d,"{""minimum-quantity"":""1"",""path"":""chap10oc201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:10 (62-73): Interview: The Survivors by John Sweeney and Jayanthi Gopalakrishnan"",""caption-linebreaks"":""Interview: The Survivors by John Sweeney and Jayanthi Gopalakrishnan
As goes the Nasdaq, so does the number of daytraders. Or so it seems. Those who continue to trade as if nothing changed are those who can call themselves, with confidence, traders. Former STOCKS & COMMODITIES Editor John Sweeney (JS) and current Editor Jayanthi Gopalakrishnan (JG) talked to three such market survivors — Mark Pancak from Vancouver, BC, Canada, Aaron Schindler from Chicago, IL, and Ralph Kosche from Seattle, WA — to find out how they held up during the bear market. All three are truly traders; tending to introspection, they are not analysts, boast no newsletter experience, and have no journalists clamoring for sound bites. (STOCKS & COMMODITIES doesn’t count.) They each have their unique strategies, systems, or techniques, but they all have one thing in common, as S&C found out."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-10-62-73-interview-the-survivors-by-john-sweeney-and-jayanthi-gopalakrishnan-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-10-62-73-interview-the-survivors-by-john-sweeney-and-jayanthi-gopalakrishnan-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-10-62-73-interview-the-survivors-by-john-sweeney-and-jayanthi-gopalakrishnan-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1976qabydon,d,"{""minimum-quantity"":""1"",""path"":""chap10oc201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:10 (76): Q&A by Don Bright"",""caption-linebreaks"":""Q&A by Don Bright
TRADING IN FLAT MARKETS
First off, I read your column every month in STOCKS & COMMODITIES, and I like how you answer questions directly without fluff. How do professional traders deal with a relatively flat market such as the one we have been experiencing for the last few months? In addition, I have noticed that the overall trading volume has been down for a while. Does that affect those who trade for a living?—Ben, Salt Lake City
Thank you for the kind words! Good questions. I am asked the same thing almost daily, it seems. Those of us who trade for a living get used to adapting to various types of market conditions. . ."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-10-76-q-a-by-don-bright-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-10-76-q-a-by-don-bright-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-10-76-q-a-by-don-bright-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1978129trad,d,"{""minimum-quantity"":""1"",""path"":""chap10oc201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:10 (78-81, 129): Traders’ Tips"",""caption-linebreaks"":""Traders’ Tips
In “Money Management Indicators” Michael Bryant describes the average trade P/L indicator. Traders' Tips gives the code for this indicator in: TradeStation EasyLanguage, NeuroShell Trader, Wealth-Lab, and WaveWi$e. Code is also supplied for M.H. Pee's Trend Detection Index in TradeStation EasyLanguage."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-10-78-81-129-traders-tips-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-10-78-81-129-traders-tips-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-10-78-81-129-traders-tips-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1983wormoni,d,"{""minimum-quantity"":""1"",""path"":""chap10oc201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:10 (83-89): Working Money: Interview: William J. O’Neil by David Penn"",""caption-linebreaks"":""Working Money: Interview: William J. O’Neil by David Penn
The name rings a bell, but you’re not sure why. You may only be vaguely familiar with the name, but you’ve certainly heard of, if not actually read, the product for which he is perhaps best known. William O’Neil, the founder of Investor’s Business Daily (originally Investor’s Daily until 1988) and chairman of William O’Neil & Co., Inc., a leading institutional investment research and brokerage firm, is one of the most clear-eyed and perceptive observers of the stock\nmarket today. His CAN SLIM approach to finding winning stocks enabled O’Neil to become the youngest person ever to buy a seat on the New York Stock Exchange (NYSE) at the age of 30. Since then, CAN SLIM has been embraced and adopted by successful stock traders and investors worldwide. Working Money Staff Writer David Penn spoke with O’Neil via telephone on May 25, 2001, finding him hard at work in his Los Angeles office on the Friday before Memorial Day weekend."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-10-83-89-working-money-interview-william-j-o-neil-by-david-penn-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-10-83-89-working-money-interview-william-j-o-neil-by-david-penn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-10-83-89-working-money-interview-william-j-o-neil-by-david-penn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1989sidworm,d,"{""minimum-quantity"":""1"",""path"":""chap10oc201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:10 (89): Sidebar Working Money: CAN SLIM by David Penn"",""caption-linebreaks"":""Sidebar Working Money: CAN SLIM by David Penn
Called “a winning system in good times or bad,” William O’Neil’s CAN SLIM strategy for investing has helped thousands of stock investors and traders optimize their performance in the marketplace. Here is a brief outline of CAN SLIM, as introduced in O’Neil’s How To Make Money In Stocks, with explanatory quotes from O’Neil himself."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-10-89-sidebar-working-money-can-slim-by-david-penn-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-10-89-sidebar-working-money-can-slim-by-david-penn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-10-89-sidebar-working-money-can-slim-by-david-penn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1990wormonv,d,"{""minimum-quantity"":""1"",""path"":""chap10oc201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:10 (90-93): Working Money: Volume Speaks Volumes by Dennis D. Peterson"",""caption-linebreaks"":""Working Money: Volume Speaks Volumes by Dennis D. Peterson
Sometimes the market roars and at other times it’s quiet. Paying attention to these volume fluctuations can make a difference in your pocketbook.
Suppose someone offered you something you wanted, for less than it cost two weeks ago. Would you turn it down? What if everyone in your neighborhood had heard about it and they all wanted it too? Would they turn it down?
These same dynamics are at play in the stock market — and volume is a tool that can help you decipher them. If a stock is perceived to be a bargain, then the whole neighborhood will jump in. If it’s perceived to be too expensive, then not many will buy it."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-10-90-93-working-money-volume-speaks-volumes-by-dennis-d-peterson-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-10-90-93-working-money-volume-speaks-volumes-by-dennis-d-peterson-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-10-90-93-working-money-volume-speaks-volumes-by-dennis-d-peterson-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1994wormonc,d,"{""minimum-quantity"":""1"",""path"":""chap10oc201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:10 (94-96): Working Money: Can Beta Help You Battle Volatility? by David Penn"",""caption-linebreaks"":""Working Money: Can Beta Help You Battle Volatility? by David Penn
Of all the enemies of capital appreciation, stock price volatility is one of the most immediate. Can beta help you know when your stock or portfolio volatility is out of\ncontrol?
Traditionally, stock investors have looked at two different but related forms of risk: systematic (or market) and unsystematic (or company-specific). Systematic risk is the risk of investing in the stock market in the first place, as opposed to putting your money in a return guaranteed investment such as a\nmoney market fund or certificate of deposit. Also referred to as “market risk,” systematic risk is the quintessential “ya got to pay to play” equation: in order to get the sort of returns the stock market has delivered over time (anywhere from 10% to 15% since the Crash of 1929 to present), you must accept the risk that equities will underperform from time to time.
“Underperformance” refers to anything from a stock market return that is less than that attainable through a return-guaranteed investment, to a complete loss of invested capital (in the case of a stock that becomes worthless). For those who are uncomfortable with the thought of loss, even temporary, systematic risk may be risk too much."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-10-94-96-working-money-can-beta-help-you-battle-volatility-by-david-penn-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-10-94-96-working-money-can-beta-help-you-battle-volatility-by-david-penn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-10-94-96-working-money-can-beta-help-you-battle-volatility-by-david-penn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1998wormonl,d,"{""minimum-quantity"":""1"",""path"":""chap10oc201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:10 (98-102): Working Money: Little Steps = Big Returns by Paul Merriman"",""caption-linebreaks"":""Working Money: Little Steps = Big Returns by Paul Merriman
Increase your profits by investing in specific sectors of\nthe market.
Don’t put all your eggs in one basket” is frequently given advice. In the investment world, this adage is about the risk of investing exclusively in one kind of\nfinancial product. But it refers to more than just investing among different asset classes such as stocks, bonds, and cash. Two of the most common methods of slicing and dicing the market are based on the size of the company (small cap, mid cap, or large cap) and its popularity (growth means popular and pricey, value means unpopular companies at supposedly bargain prices).
Another way to diversify is to divide the market along industry lines or sectors by investing in sector funds or mutual funds that specialize in specific industries."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-10-98-102-working-money-little-steps-big-returns-by-paul-merriman-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-10-98-102-working-money-little-steps-big-returns-by-paul-merriman-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-10-98-102-working-money-little-steps-big-returns-by-paul-merriman-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1911tradres1,d,"{""minimum-quantity"":""1"",""path"":""chap11nov201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:11 (110-111): Traders’ Resource: Hardware"",""caption-linebreaks"":""Traders’ Resource: Hardware
Hardware Hardware choices these days often boil\ndown to getting the fastest processor and\nthe most memory you can afford, to-gether\nwith a cable connection or an-other\nhigh-bandwidth connection for\nquotes. Dual processors aren’t too much\nfor some of the software that’s available\nfor traders. The new LCD screens are\nmuch easier on the eyes, so pay up for\nthose. That said, the vendors listed here can supply you with\nsome tweaks, such as customized trading setups and multiple-monitor\nsetups.
Regarding multiple monitors, you’ll probably want to\nhave Windows 98 or later installed on your machine to make\nthe smoothest transition. Win 98 has built-in features for\nmultiple monitors, but Win 95 and earlier rely on the vendors’\nown software.
Finally, don’t ignore the ergonomics of your setup, espe-cially\nif you’re daytrading. You’re going to spend a lot of time\nat your desk, and it had better be comfortable and suitable for\nyour needs. Custom-fit your seating first, then build the desk\nand displays around that. Phone setups should be one-button\nconnections and headsets leave your hands free. Generally,\nincandescent light will be easier on your eyes than fluores-cent.\nAfter that, though, whether you succeed is up to you."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-11-110-111-traders-resource-hardware-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-11-110-111-traders-resource-hardware-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-11-110-111-traders-resource-hardware-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1914lettosc1,d,"{""minimum-quantity"":""1"",""path"":""chap11nov201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:11 (14-21): Letters to S&C"",""caption-linebreaks"":""CANDLECODES AND BOLLINGER BANDS
Editor,
I liked very much Viktor\nLikhovidov’s use of\nBollinger Bands on an\nindicator in “Light Up\nYour Trading System\nWith CandleCode Trading” (STOCKS &\nCOMMODITIES, September 2001). Figure\n5 on page 26 nicely demonstrates why\nthis technique is so powerful. (Though\nI am leery — as I always am of\noptimization — of the optimized\nparameters used later in the article.)\nAs Likhovidov astutely observes,\nfixed indicator levels rarely serve well.\nThe markets evolve, and that evolution\nis portrayed in indicator action; this\nyear, one set of levels serves well, while\nthe next year, another set of levels will\nbe needed. The key to this problem is to\nemploy an adaptive approach such as\nBollinger Bands.
P.S. I wish you well in your new post\nas editor of STOCKS & COMMODITIES. I\nam a big fan of the magazine and I am\nsure you will uphold its fine tradition of\nexcellence.
JOHN BOLLINGER, CFA, CMT"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-11-14-21-letters-to-s-c-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-11-14-21-letters-to-s-c-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-11-14-21-letters-to-s-c-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1922tradsec,d,"{""minimum-quantity"":""1"",""path"":""chap11nov201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:11 (22-36): Trade Sector Funds With Pure Momentum by Jay Kaeppel"",""caption-linebreaks"":""Trade Sector Funds With Pure Momentum by Jay Kaeppel
In the July 1999 Technical Analysis of\nSTOCKS & COMMODITIES, I wrote about\none of the systems I use to trade Fidelity\nSelect sector funds. That system was\nreferred to as the relative strength system\n(or RS System for short). In this article,\nI will discuss another system that I use\nfor trading sector funds. This one is referred to as the\npure momentum system (or PM System). Like the RS\nSystem, the PM System holds a portfolio of up to five\nsector funds at any time. Because the PM System is\nsimilar to the RS System, the results tend to be highly\ncorrelated. In fact, there is usually some overlap\nbetween the funds held by both systems. Both systems\nmake the bulk of their money by latching onto the\nstrongest sectors and riding them, and so this high\ndegree of correlation is not necessarily a bad thing.\nBut it does mean that you must be willing to live with\na certain amount of volatility.\nIf not for the favorable trading results, the pure\nCan you trade mutual funds once a month, never cut\nlosses, and still make a lot of money?"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-11-22-36-trade-sector-funds-with-pure-momentum-by-jay-kaeppel-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-11-22-36-trade-sector-funds-with-pure-momentum-by-jay-kaeppel-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-11-22-36-trade-sector-funds-with-pure-momentum-by-jay-kaeppel-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stoccomv1938,d,"{""minimum-quantity"":""1"",""path"":""chap11nov201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:11 (38-43): What Can Market Cycles Tell Us? by Tim W. Wood, CPA"",""caption-linebreaks"":""The Secrets Of Cycles And What They Can Reveal\nWhat Can Market Cycles Tell Us? by Tim W. Wood, CPA
Everything in nature moves in cycles — the solar system, the\nmigration of geese, sleep patterns. Of more immediate interest\nto traders are cycles in the agricultural and financial markets. Cycle analysis is the one approach that can provide relatively\naccurate time and price projections.
\""Usually, the effect of cycles is of only passing\ninterest to market analysts and traders, unless\nthe cycles in question are related to market\nprices and can be used to identify tops and\nbottoms of price movement movement and give indications of future price activity.” —\nThe Power Of Oscillator/Cycle Combinations, by Walter\nBressert. That is the challenge the cycle analyst faces.
Bressert continues, “Cycle analysis of the futures markets assumes that at any given time, current fundamental information is relative only to the current price structure, and that fundamental events will occur to move prices in the direction of the cycle.” Such an event might be a government report that greatly changes the supply or demand picture; money supply figures; utterances of Federal Reserve officials;\nforeign purchases; crop failures or freezes in any part of the world; war or the threat of war; or unexpected political action such as embargoes, tariffs, or price controls. These and many other unforeseen factors can\nalter prospects for the future."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-11-38-43-what-can-market-cycles-tell-us-by-tim-w-wood-cpa-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-11-38-43-what-can-market-cycles-tell-us-by-tim-w-wood-cpa-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-11-38-43-what-can-market-cycles-tell-us-by-tim-w-wood-cpa-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1944ovwitco,d,"{""minimum-quantity"":""1"",""path"":""chap11nov201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:11 (44-48): Overbought/Oversold, With Covered Calls by Austin Passamonte"",""caption-linebreaks"":""Overbought/Oversold, With Covered Calls by Austin Passamonte
Knowing when to buy and when to exit or how to protect\nequity plays is basic for long-term prosperity. Here is one\nway to do it using covered calls.
Every stock trader should be ready and\nwilling to write covered calls. They are a\npowerful tool for locking in partial gains\nand/or reducing cost basis. By the same\ntoken, writing covered calls as a specific\ntrading method also holds great merit. Let’s\nexplore some scenarios for such tactics and see if they might\nadd to your personal equity curve.
MECHANICS OF TRADING COVERED CALLS
Option contracts are actively traded for literally thousands of\nlisted stocks, sectors, indexes, and exchange-traded funds\nsuch as iShares† and HOLDRs†. Simple tactics for hedging,\ninvesting, and/or locking in profits have never been more\navailable or diverse.
Here’s a simple rule: Never write a covered call on a share\nyou don’t want to own. Covered call writing is a neutral to\nbullish strategy, but markets can always quickly turn bearish.\nIf that happens, you should not be stuck holding anything you\nare not content to keep."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-11-44-48-overbought-oversold-with-covered-calls-by-austin-passamonte-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-11-44-48-overbought-oversold-with-covered-calls-by-austin-passamonte-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-11-44-48-overbought-oversold-with-covered-calls-by-austin-passamonte-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1950winwitf,d,"{""minimum-quantity"":""1"",""path"":""chap11nov201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:11 (50-54): Winning With Failure by Christopher Narcouzi"",""caption-linebreaks"":""Winning With Failure by Christopher Narcouzi
Believe it or not, you can take advantage of\nfailed patterns and profit handsomely.
Have you ever bought a stock\nafter it broke through the\nresistance line, only to see\nthe price drop a few days\nlater? Have you ever\nbought into a breakout\nfrom a reverse head and shoulders pattern,\njust to watch that breakout fail a few days\nlater? If you had placed a stop, as recom-mended,\nyour position would have closed\nout. But you don’t have to stop there. In-stead,\nclose your position and trade the stock\nin the opposite direction.
Patterns form because the market expends\neffort to create a pattern that explains price\ndirection. Ideally, the activity on a price chart\nafter a pattern has started should confirm the\ncontinuation of the pattern. But if you trade\nchart patterns the way I do, you know that they\noften don’t continue as expected. When this\nhappens, it means that the market refused to\nfollow through and thus should be traded in the\nopposite direction. Jack Schwager, in his\nSchwager On Futures: Technical Analysis, states\nthat a failed signal is among the most reliable of\nall chart signals. In the examples that follow,\nyou’ll see the strength of his statement."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-11-50-54-winning-with-failure-by-christopher-narcouzi-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-11-50-54-winning-with-failure-by-christopher-narcouzi-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-11-50-54-winning-with-failure-by-christopher-narcouzi-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1956nearnei,d,"{""minimum-quantity"":""1"",""path"":""chap11nov201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:11 (56-61): Nearest Neighbor Prediction by Hans Uhlig, Ph.D."",""caption-linebreaks"":""Nearest Neighbor Prediction by Hans Uhlig, Ph.D.
Forecast the direction of the market using this model based\non chaos theory.
Although it made many traders happy, the stock market of the 1990s was in some ways quite boring. It was a one-way street leading up, and during that period, the buy-and-hold\nstrategy worked unusually well. This historically abnormal market behavior led to a widespread overestimation of the buy-and-hold strategy and an underestimation of market timing.
Now, of course, the picture has changed drastically. Indices\nare no longer climbing to new highs; instead, they’re testing their lows. In times like these, applying a buy-and-hold strategy may not be the ideal choice. As a result, we must look at other approaches to investing in the stock market.
One approach I use is a method borrowed from chaos research, called nearest neighbor prediction (NNP). I will show you how to use NNP to make one-week forecasts of the stock market direction, using the weekly closes of the Standard & Poor’s 500 as my example. This method clearly outperformed buy-and-hold over the last five years, even when the buy-and-hold method was working well.
The beauty of NNP is that it requires only an ordinary spreadsheet program. The operating principle is easy to grasp, decisions are always explicable, and there is no lengthy training phase. The method is robust and even self-improving over time as more data becomes available."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-11-56-61-nearest-neighbor-prediction-by-hans-uhlig-ph-d-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-11-56-61-nearest-neighbor-prediction-by-hans-uhlig-ph-d-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-11-56-61-nearest-neighbor-prediction-by-hans-uhlig-ph-d-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1958nearnei,d,"{""minimum-quantity"":""1"",""path"":""chap11nov201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:11 (58-59): Nearest neighbor by spreadsheet by John Sweeney"",""caption-linebreaks"":""Nearest neighbor by spreadsheet by John Sweeney
NEAREST NEIGHBOR BY SPREADSHEET
This example is given in Excel, but\nother spreadsheets will have simi-lar\nphraseology. Subscribers can\nfind a spreadsheet with the data\nused on the Technical Analysis\nwebsite at http://technical.traders.\ncom/sub/sublogin.asp. To use Hans\nUhlig’s technique, you must famil-iarize\nyourself with selecting large\narrays of cells and sorting before\ntrying this spreadsheet.
To produce a nearest neighbor\nprediction using Uhlig’s method, first\narrange your data vertically with a\ndate format that can be sorted. Here,\nI’ve used weekly data for the S&P\n500 from 1/5/1980 to 12/15/2000\n(column B). In cell C5, calculate the\nnatural log of B5:"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-11-58-59-nearest-neighbor-by-spreadsheet-by-john-sweeney-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-11-58-59-nearest-neighbor-by-spreadsheet-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-11-58-59-nearest-neighbor-by-spreadsheet-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1962qabydon,d,"{""minimum-quantity"":""1"",""path"":""chap11nov201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:11 (62): Q&A by Don Bright"",""caption-linebreaks"":""Q&A by Don Bright
SINCE YOU ASKED
Professional trader Don Bright of Bright\nTrading, an equity trading corporation,\nanswers a few of your questions.
INDEX ARBITRAGE
Don, I have enjoyed your commentaries\nin STOCKS & COMMODITIES. Can an\nindividual buy a “basket” of stocks\neconomically enough (say with your\nfirm) in order to perform index\narbitrage: selling futures versus buying\ncash and vice versa? “Spread trading”\nor hedged strategies appeal to me; what\nvalid spreads do you teach or trust, and\ncan an individual perform S&P or E-mini\narbing almost as effectively as the\nfloor traders or market making firms?\nThank you. — David Pfizenmaier
You’ve brought up a couple of\ninteresting ideas about arbitrage\nmethodology. If your costs are low\nenough as you mentioned (trading with a\nproprietary firm), then you can do very\nwell trading baskets of individual stocks\nvs. a futures contract. With point-and-click\ntrading and by using links to the\nexchanges or electronic communications\nnetworks (ECNs), a trader can almost\nsimultaneously execute orders upon\nfinding a discrepancy in pricing. That\ncovers the tactical aspect of performing\nthe functions necessary.
Now for the strategic aspect of these\nmethods. Hedge baskets can range from a\nhandful of high-cap stocks to the entire\nStandard & Poor’s 500, for example. A\ngood arb trader will find a proper sampling\nthat will reflect the larger index, but this is\nnot easy. You will find that oftentimes\nadjustments are needed based on news\nitems, earnings warnings, and so on. Our\ntraders don’t generally hedge with the\nfutures, preferring to use them instead as\nimmediate indicators to tell which side of\nthe pair trade or spread trade they want to\nopen first. Thanks for reading the column,\nand thanks for the kind words!"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-11-62-q-a-by-don-bright-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-11-62-q-a-by-don-bright-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-11-62-q-a-by-don-bright-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1966inelwav,d,"{""minimum-quantity"":""1"",""path"":""chap11nov201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:11 (66-76): Interview: Elliott Wave Experts by Jayanthi Gopalakrishnan and Dennis Peterson"",""caption-linebreaks"":""Interview: Elliot Wave Expers - Steven Hochberg & Peter Kendall
Fibonacci numbers, fractal geometry, socionomics — Ralph\nNelson Elliott’s wave theory was published 64 years ago, but\nhe explored ideas that we still study today in physics,\nbehavioral sciences, and, of course, investing. How do the\nconcepts he examined translate to the markets — and the\nworld — today? To find out, STOCKS & COMMODITIES Editor\nJayanthi Gopalakrishnan and Staff Writer Dennis Peterson\ninterviewed two experts on Elliott wave analysis, Steven\nHochberg and Peter Kendall, in late August 2001.
Steven Hochberg is the co-editor of The Elliott Wave\nFinancial Forecast and Short Term Update, both publications\nof Robert Prechter’s Elliott Wave International (EWI) in\nGainesville, GA. Hochberg began his financial career with\nMerrill Lynch and joined EWI in 1994.
Peter Kendall is the co-editor of The Elliott Wave Financial\nForecast. He was a financial reporter and columnist before\nhe joined EWI in 1992."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-11-66-76-interview-elliott-wave-experts-by-jayanthi-gopalakrishnan-and-dennis-peterson-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-11-66-76-interview-elliott-wave-experts-by-jayanthi-gopalakrishnan-and-dennis-peterson-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-11-66-76-interview-elliott-wave-experts-by-jayanthi-gopalakrishnan-and-dennis-peterson-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1977wormoni,d,"{""minimum-quantity"":""1"",""path"":""chap11nov201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:11 (77-83): Working Money: Interview: Laura Granger by David Penn"",""caption-linebreaks"":""Working Money: Interview: Laura Granger by David Penn
How The Small Survive
Laura Granger Of Oppenheimer Emerging Growth Fund
When the going gets tough, do the small\nget growing? That’s how Laura\nGranger, portfolio manager of\nOppenheimerFunds’ new Emerging Growth Fund,\nsees it. At the helm of the fund since October\n2000, Granger has parlayed her success in turning\naround underperforming mutual funds (she helped\nbring the Fortis Capital Appreciation Fund from\nthe bleachers to the luxury boxes during the late\n1990s) into some winning stockpicks for her\nemerging growth fund, including companies such\nas THQ and Career Education Corp. A “bottom-\nup” stock selector who uses quantitative,\ntechnical, and qualitative screens and methods,\nGranger is big on small-cap growth stocks these\ndays, suggesting that history is on the side of\nsmall-cap stocks when the economy is working\nits way out of a slowdown or recession.
Prior to heading up the Oppenheimer Emerging\nGrowth Fund, Granger was a portfolio manager at\nFortis Advisors from 1998 to 2000. Before Fortis,\nGranger was a portfolio manager at General Motors\nInvestment Management from 1993 to 1998.
Working Money Staff Writer David Penn conducted\nthis interview on June 19, 2001, via telephone."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-11-77-83-working-money-interview-laura-granger-by-david-penn-21.gif"",""height"":""324"",""width"":""249""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-11-77-83-working-money-interview-laura-granger-by-david-penn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-11-77-83-working-money-interview-laura-granger-by-david-penn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1984wormonl,d,"{""minimum-quantity"":""1"",""path"":""chap11nov201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:11 (84-85): Working Money: The Lazy Man’s Guide To Long-Term Investing by R.M. Sidewitz"",""caption-linebreaks"":""Working Money: The Lazy Man’s Guide To Long-Term Investing by R.M. Sidewitz
Are you a buy-and-hold\nbeliever? Enhance your\nreturns by using this\nsimple technique.
One of the major chall-enges\nfor the long-term\ninvestor involves the amount of\ntime and attention they have to\ndevote to managing their\nportfolio. What with reading the\nfinancial pages, subscribing to x-number\nof magazines, and time\nspent online seeking new ideas\nand perspectives, it’s easy to see\nhow managing investments could\nevolve into a true part-time job.
Wouldn’t it be great if investors\nwith a long-term outlook could\nhave a simple, easy-to-implement\nstrategy, one that wasn’t so time-consuming\nor unnecessarily\ncomplex?
Although the “experts” would\nhave you think otherwise, there\nis, in fact, a little-known method\nthat works with extraordinary\nease and outperforms buy and\nhold by a long shot. It keeps you\nin the market when it is rising and\nout of the market when it is falling.\nAnd that’s exactly what you want,\nisn’t it?"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-11-84-85-working-money-the-lazy-man-s-guide-to-long-term-investing-by-r-m-sidewitz-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-11-84-85-working-money-the-lazy-man-s-guide-to-long-term-investing-by-r-m-sidewitz-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-11-84-85-working-money-the-lazy-man-s-guide-to-long-term-investing-by-r-m-sidewitz-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1986wormonr,d,"{""minimum-quantity"":""1"",""path"":""chap11nov201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:11 (86-88): Working Money: Resistance And Support by Dennis D. Peterson"",""caption-linebreaks"":""Working Money: Resistance And Support by Dennis D. Peterson
Do you want to profit in the market? Then\nyou need to understand resistance and\nsupport levels.
A resistance level is the ceiling price area that a stock\nrepeatedly tries to break through above, but for\nreasons that will become clearer later, temporarily cannot.\nA support level is the counterpart to resistance, an area that\na stock repeatedly tries to go below but temporarily cannot.\nAfter repeated attempts, the price will often finally rise\nabove the resistance level or go below the support level.
The most common resistance and support levels come\nfrom traders wanting to make a profit or minimize a loss.\nFigure 1 is an idealized chart of resistance and support levels.\nAt price level A, the stock price hits a ceiling (resistance),\npreventing it from going higher. Selling occurs at level A;\ntraders are taking a profit. Price then retreats until it hits level\nB (support), where buying occurs. This occurs because at that\nlevel, traders believe the stock price is too low. At that point,\ntraders anticipate that a profit can be made."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-11-86-88-working-money-resistance-and-support-by-dennis-d-peterson-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-11-86-88-working-money-resistance-and-support-by-dennis-d-peterson-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-11-86-88-working-money-resistance-and-support-by-dennis-d-peterson-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1989wormons,d,"{""minimum-quantity"":""1"",""path"":""chap11nov201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:11 (89-90): Working Money: Setting Financial Goals by Bruce R. Faber"",""caption-linebreaks"":""Working Money: Setting Financial Goals by Bruce R. Faber
Your financial destination\nmay seem distant,but you ’ll\nget there — if you stick to\nyour goals.
“You got to have a dream,” says Bloody\nMary, in Rodgers and Hammerstein’s\nSouth Pacific. “If you don’t have a dream,” she\ncontinues, “how you gonna have a dream come\ntrue?” Replace the word dream with the word goal\nand this advice becomes even more valuable,\nespecially if the discussion is about your financial\nfuture. Wishin’ and hopin’ just don’t get the job\ndone. You need a goal and — just as important —\na plan for reaching it.
Your goal is as distinctive as you are. Thus, I\ncan’t tell you what your goal should be, but the\ngeneral purpose of financial goals is universal:\nmaking sure you can retire without sacrificing too\nmuch of the lifestyle to which you have become\naccustomed. The suggestions presented here are\nonly examples, to help you design a goal that best\nsuits you.
TURNING DREAMS INTO GOALS
What a goal is not: Planning on winning the lottery.\nA pie-in-the-sky delusion — such as “someday I’m\ngonna be rich and/or famous” — is not a goal, it’s\na fantasy. While that kind of delusion or fantasy may be better\nthan no goal at all, it most likely is not going to get you where\nyou want to be. It may be better than drifting along without\nany thought for the future, but a goal it is not."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-11-89-90-working-money-setting-financial-goals-by-bruce-r-faber-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-11-89-90-working-money-setting-financial-goals-by-bruce-r-faber-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-11-89-90-working-money-setting-financial-goals-by-bruce-r-faber-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1994thretra,d,"{""minimum-quantity"":""1"",""path"":""chap11nov201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:11 (94-96): Three Traders by Don Bright"",""caption-linebreaks"":""Three Traders by Don Bright
What makes them successful? What makes them fail? Here’s\nhow these three made it through the good times and the bad.
When things are good, we often forget what\nthe bad times were like until they hit again.\nWhen the bad times do hit, it’s those who\nare diligent, persistent, and flexible who\nthrive. Impatience has no place.\nIn past articles I examined the\ndifferences between professional, proprietary traders, and\ncustomers of a retail brokerage firm. This time, I would like\nto take you through the real-life experiences of three traders\nI know. You’ll see what it takes to survive.\nDILIGENCE\nI met a gentleman in Denver three years ago, in 1999. He was\nin business for himself reselling frequent flyer tickets from\nthe airlines, and was looking for something more challenging\n(and rewarding). He and I hit it off, and we stayed in touch.\nHe was well-educated and very intelligent (which can be a\npositive or a negative in a new trader!). He was 32 and had\n$25,000 in starting capital. He started trading around August\nthat year, and immediately started making a little money\nemploying basic techniques such as opening-only plays,\nmarket-on-close imbalances, and momentum. By year-end,\nhe had made a profit of approximately $25,000. This is a great\nachievement for a brand-new trader, since it usually takes a\nyear or longer to become proficient in trading at this level.\nNot only that, he started trading near the end of the bull rally\nand made a considerable amount during the market correction\nof 2000. He surrounded himself with successful people and\ngained the confidence necessary to put his trading strategies\nin action."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-11-94-96-three-traders-by-don-bright-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-11-94-96-three-traders-by-don-bright-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-11-94-96-three-traders-by-don-bright-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1998tradtip,d,"{""minimum-quantity"":""1"",""path"":""chap11nov201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:11 (98-99): Traders’ Tips"",""caption-linebreaks"":""NEUROSHELL TRADER
Hans Uhlig’s nearest neighbor prediction (NNP) trading\nsystem presented in his article in this issue works by finding\nnear neighbors of the reference pattern, and then averaging\nthe next moves of the neighbors to get an estimate of the next\nmove of the reference pattern. In the article, under the\nheading “Refinements,” Uhlig outlines a method of improving\nthe performance, wherein each neighbor is weighted in\nproportion to its distance. A further refinement he describes\nwould be to apply different weights to individual elements of\nthe pattern.
Here’s how to implement the NNP in NeuroShell Trader.\nWard Systems offers an add-on for NeuroShell Trader called\nAdaptive Net Indicators (ANI). This add-on was designed to\ndo exactly the near neighbor prediction as described by\nUhlig, including both refinements. This will save you from\nhaving to do the spreadsheet manipulations that Uhlig calls\n“laborious and time-intensive.” The ANI add-on will not only\nmake a prediction of a coming move, but it is also capable of\nclassifying patterns as well (for example, buy or don’t buy,\nsell or don’t sell).
Adaptive Net Indicators will work with any type of pattern\ninformation, not just previous price values. You can choose\nalmost anything for your patterns, including stochastics,\nmoving averages, or any of hundreds of other indicators. You\ncan choose your own “lookback” period (the amount of\nhistory to include), or allow the genetic algorithm optimizer\nin our professional versions to find the lookback period that\nmakes the most profit at the same time it finds the best\nindicators and indicator parameters."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-11-98-99-traders-tips-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-11-98-99-traders-tips-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-11-98-99-traders-tips-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1911tradres2,d,"{""minimum-quantity"":""1"",""path"":""chap12dec201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:12 (112-121): Traders’ Resource: Mutual Funds"",""caption-linebreaks"":""Traders’ Resource: Mutual Funds
When investing with mutual funds,\nthe issue is cost of all kinds. Sales\ncharges, turnover costs (trading\ncosts), tax costs, management fees,\nmarketing costs, and cash-holding\ncosts all eat into your returns; then\nthe compounding effect magnifies\nyour losses. It’s critical to consider\nall of these costs when approaching\nmutual fund investing and do\nthe appropriate research to make\nsure you are making the most of your investment. A family of\nlow-cost, no-load funds that allows costless switching between\nfunds can be very beneficial in the long run.
After you’ve minimized costs, you can look at returns. The\nbenchmarks for returns are usually index funds that mirror\none of the market indices, such as the S&P 500. It’s a\nchallenge for actively managed funds to beat the returns of\nthe benchmarks, especially when you take into account the\ncosts of active management, so consider these index funds in\nyour research.
Finally, consider balancing your portfolio between bonds\nor money market funds and equity funds. A mix of bond funds\nand equity funds is best for all but the youngest investor. This\nportfolio diversification will help limit your risk while still\nallowing for respectable returns.
This listing provides a sampling of the types of mutual\nfunds available and some of the costs associated with them.\nSome funds are listed with multiple versions (for example,\nAIM Advisor Flex A, AIM Advisor Flex B, AIM Advisor Flex\nC). These funds invest in the same issues but have different\nfee structures."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-12-112-121-traders-resource-mutual-funds-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-12-112-121-traders-resource-mutual-funds-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-12-112-121-traders-resource-mutual-funds-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1914lettosc2,d,"{""minimum-quantity"":""1"",""path"":""chap12dec201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:12 (14-20): Letters to S&C"",""caption-linebreaks"":""Letters to S&C
TREND DETECTION INDEX\nEditor,\nI always look forward to\nreceiving STOCKS &\nCOMMODITIES and seeing\nwhat new indicators\nmay be presented. The\nOctober 2001 S&C article by M.H. Pee\non the trend detection index (TDI) was\nintriguing and very well written.
The TDI seems to have a lot of\npromise. I would very much like to\ncompare it head-to-head with other trend\nmeasures, such as the ADXR, vertical\nhorizontal filter, polarized fractal\nefficiency, Chande momentum oscillator,\nand so on. That is half the fun — to\nsee how a new technique compares with\nestablished ones!
Thus, I was most disappointed not to\nfind the TDI in MetaStock format in\nTraders’ Tips in that issue, as is usually\nthe case when a new indicator is\npresented in your magazine. Will you\nbe presenting this soon, I hope? Please?
RICHARD STERNBACH
La Jolla, CA
Equis International presented the code\nfor the trend detection index in the\nNovember 2001 STOCKS & COMMODITIES\nin the Traders’ Tips column. —Editor"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-12-14-20-letters-to-s-c-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-12-14-20-letters-to-s-c-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-12-14-20-letters-to-s-c-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1924conlead,d,"{""minimum-quantity"":""1"",""path"":""chap12dec201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:12 (24-35): The Continuous Lead Contract by Frank Suler"",""caption-linebreaks"":""The Continuous Lead Contract by Frank Suler
A trading champion shares one of the tools he\nuses to analyze the markets.
Since the introduction of the\nspreadsheet, I’ve used its\nabilities in the continuing\nsearch for a profit-making\ntrading system. In the\nprocess, I’ve developed\nseveral automated procedures, or macros. Some\nsimply help by yielding additional ease in\ncopying formulas or selecting graph ranges.\nOthers are more extensive, such as subroutines\nawaiting inputs so that Fibonacci ratios and\nElliott wave theories can provide price\npredictions.
I want to present two such macros, the\ncontinuous lead contract and the y-axis\ntranslator. (The latter macro is presented in a\nsidebar, “Input for y-axis translator,” page 28.)\nThese macros were originally developed using\nLotus Symphony. They have been converted\nand are presented here as Excel macros in\nVisual BASIC."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-12-24-35-the-continuous-lead-contract-by-frank-suler-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-12-24-35-the-continuous-lead-contract-by-frank-suler-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-12-24-35-the-continuous-lead-contract-by-frank-suler-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1928sidinfo,d,"{""minimum-quantity"":""1"",""path"":""chap12dec201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:12 (28-29): Sidebar: Input for y-axis translator macro by Frank Suler"",""caption-linebreaks"":""Sidebar: Input for y-axis translator macro by Frank Suler
INPUT FOR Y-AXIS\nTRANSLATOR MACRO
The y-axis translator allows you to plot any variable with\nany other variable on the same chart. This is perhaps\nthe most useful of all aids in developing and comparing\nindicators. See the attached macro listing (sidebar\nFigures 1 and 2). To translate a column of “A” values of\nrange A1-A2 into “AB” values of range AB1 to AB2, you\nhave to take the values from a column of ABn values\nwhere ABn=(An+C)*X, in which C=(AB2*A1-AB1*A2)/\n(AB1-AB2), a translation constant, and X=AB1/(A1+C),\na scale factor constant. ( Zero values are not allowed for\nthe four inputs A1, A2, AB1, and AB2.) The derivation of\nC and X is straightforward: If A varies from A1 to A2 and\nis translated to values AB1 to AB2, then:
1 (A1+C)*X=AB1 and\n2 (A2+C)*X=AB2, must be true
Solve (1) and (2) for X:"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-12-28-29-sidebar-input-for-y-axis-translator-macro-by-frank-suler-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-12-28-29-sidebar-input-for-y-axis-translator-macro-by-frank-suler-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-12-28-29-sidebar-input-for-y-axis-translator-macro-by-frank-suler-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1936stocofe,d,"{""minimum-quantity"":""1"",""path"":""chap12dec201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:12 (36-45): Stochastics Of Earnings Yields by Mark Vakkur, M.D."",""caption-linebreaks"":""Stochastics Of Earnings Yields by Mark Vakkur, M.D.
By combining technicals and fundamentals, you can make a\nrealistic analysis of the market.
Pure stock market technicians ignore\nfundamentals. To them, the chart tells the\nwhole story, while the fundamentals are\ndistracting and misleading. Pure\nfundamental analysts, on the other hand,\nignore price action. Here’s a method that\nsynthesizes the best of both: converting a\nfundamental variable — the interest rate–adjusted earnings\nyield on the Standard & Poor’s 500 index — into a technical\nindicator to maximize risk-adjusted returns.
VALUATION
Most technicians view price relative to a derivative of price,\nsuch as a moving average. The objective is either to identify\na trend or identify periods when the market is extremely\noverbought or oversold. However, all of these approaches\nsuffer from a common problem: Viewing price in a vacuum\nmay completely disconnect it from any underlying reality.\nThis happened during the Internet stock bubble of 2000, for\nexample, when so many momentum players rode the trend\nthat it took on a life of its own.
The fault of many pure fundamentalists is the opposite: in\nan often vain attempt to peg an “appropriate” valuation level\non stocks, they may buy or sell prematurely. For example,\nuntil 1959, the dividend yield on the S&P 500 was an\nexcellent gauge of market value. Whenever the yield on the\nS&P 500 dropped below that of high-grade corporate bonds,\nthe stock market was overvalued and tended to fall. A\nprofitable strategy was to sell stocks when the dividend yield\ndropped below the bond yield and buy when the dividend\nyield rose again."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-12-36-45-stochastics-of-earnings-yields-by-mark-vakkur-m-d-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-12-36-45-stochastics-of-earnings-yields-by-mark-vakkur-m-d-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-12-36-45-stochastics-of-earnings-yields-by-mark-vakkur-m-d-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1946repstra,d,"{""minimum-quantity"":""1"",""path"":""chap12dec201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:12 (46-50): Repair Strategies With Options by Kevin Lund and Tom Gentile"",""caption-linebreaks"":""Repair Strategies With Options by Kevin Lund and Tom Gentile
Here’s a strategy for fixing a good trade gone bad.
As we’ve seen many times in the last year,\na gap down with bad news on a stock\nyou’re holding can not only be\ndevastating to your trading account, but\nmay also test the depths of your skills as a trader. Even if you are the most gifted, insightful trader\naround and you are certain the stock will move in your favor,\nthe financial markets are sure to humble you — as they did\neveryone the week following the tragedies of September 11.\nThough it may seem hopeless when major failures occur,\nthere are ways to fix such trades with virtually no additional\ncost or risk to you. Using options to fix a good stock trade\ngone bad is not only a smart way to get yourself out of a bind,\nbut it may also be one of the only logical means for repair."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-12-46-50-repair-strategies-with-options-by-kevin-lund-and-tom-gentile-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-12-46-50-repair-strategies-with-options-by-kevin-lund-and-tom-gentile-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-12-46-50-repair-strategies-with-options-by-kevin-lund-and-tom-gentile-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1952newslan,d,"{""minimum-quantity"":""1"",""path"":""chap12dec201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:12 (52-60): A New Slant On Head And Shoulders by Charles E. Miller"",""caption-linebreaks"":""A New Slant On Head And Shoulders by Charles E. Miller
Here’s a detrending technique that will help you visualize\nslanted head and shoulder top patterns more clearly.
When the good old reliable head and\nshoulders (H&S) pattern emerges\nsimultaneously in the Dow Jones\nIndustrial Average (DJIA), the Nasdaq\nComposite (COMPX), and the S&P\n500, it is not a good sign. The H&S\nindicates that a top has been reached, and that the\nmarket is due to head down. The display of the DJIA\nchart in Figure 1 is a near-perfect example of a classic\nhead and shoulder pattern. H&S bottom formations are\njust as significant, but are subject to slightly different\nvolume criteria.
THE HEAD AND SHOULDERS PATTERN
The H&S formation ideally consists of a series of three\nfailed upward moves resulting from the dynamics of\ninteractions between buyers and sellers. After an upward\nprice trend, those who have ridden their stocks up will\nsell and take profits. This ends the uptrend forming the\nleft shoulder. When the sellers are done selling and the\nbuyers are satiated, volume contracts and prices fall.
At some point during this pullback, a group that had\nmissed the original uptrend starts buying on what they\nperceive to be a technical reaction. The aggregate\nvolume during the period defined by the head is\nusually lower than that of the left shoulder, and all\nthose who bought or held at the top are faced with\nlosses as the prices decline to the right of the head.\nThen a final and typically even smaller group of\nhopefuls starts buying again."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-12-52-60-a-new-slant-on-head-and-shoulders-by-charles-e-miller-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-12-52-60-a-new-slant-on-head-and-shoulders-by-charles-e-miller-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-12-52-60-a-new-slant-on-head-and-shoulders-by-charles-e-miller-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1956siddetb,d,"{""minimum-quantity"":""1"",""path"":""chap12dec201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:12 (56-57): Sidebar: Detrending a bar chart in Excel by Charles E. Miller"",""caption-linebreaks"":""Sidebar: Detrending a bar chart in Excel by Charles E. Miller
DETRENDING A BAR CHART IN EXCEL
The technique used here is just about the\nsimplest I can suggest for those who\nmight not be fluent in Excel. Aficionados\nwill doubtless see the numerous oppor-tunities\nto improve and/or automate this\nmanual system, which consists of two\nworksheets and one chart. I suggest you\nfirst build the small model sheet shown in\nsidebar Figure 1 to see how, in simplified\nform, the working sheet is built and operated.\nIf you can reproduce the accompanying\ncharts, then it’s safe to expand the\nsheet to suit your own needs.
Constructing your spreadsheet
Sheet 1: Raw data. The first step is to\npaste ASCII text data for an index or a\nsecurity into an Excel spreadsheet. I prefer\nto paste several years of date, high,\nlow, and close data into its own sheet.\nSheet 2: Working. Create the (second)\nworking sheet shown in sidebar Figure 1.\nThe data will be pasted into columns A:D,\nand each data row will be an array of\nvalues."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-12-56-57-sidebar-detrending-a-bar-chart-in-excel-by-charles-e-miller-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-12-56-57-sidebar-detrending-a-bar-chart-in-excel-by-charles-e-miller-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-12-56-57-sidebar-detrending-a-bar-chart-in-excel-by-charles-e-miller-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v196268qabyd,d,"{""minimum-quantity"":""1"",""path"":""chap12dec201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:12 (62, 68-69): Q&A by Don Bright"",""caption-linebreaks"":""Q&A by Don Bright
ON TECHNICAL ANALYSIS
I happened upon the last part of your\nradio show while I was in Las Vegas\nrecently, and heard you mention STOCKS\n& COMMODITIES. I picked up a copy and\nwas pleasantly surprised to find that\ntheir focus has shifted somewhat from\ntechnical analysis. Although I find it\ninteresting, technical analysis seems too\ncomplicated at times. Do you trade\nprimarily with technical analysis? —\nRay B. Westwood, CA
Since I pass many of my e-mails\nalong to S&C, I want to thank you for\nreading what is probably the best book\nin the industry! Now to your question. I\npersonally use what I call a “market-aware”\nmethod of trading. Simply put, I\ncombine tape reading, technicals, and\nquantitative risk/reward analysis to\ndetermine entry and exit points. When\ntrading for a living, you must be able to\nfocus on the crucial data while discarding\nthe fluff (company announcements,\nupgrades, and so forth). I like to say\n“Trading is as simple as you will let it\nbe, or as difficult as you want to make\nit” — and then jump aboard with what is\nworking, and bail out when conditions\nchange."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-12-62-68-69-q-a-by-don-bright-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-12-62-68-69-q-a-by-don-bright-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-12-62-68-69-q-a-by-don-bright-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1964finkeyr,d,"{""minimum-quantity"":""1"",""path"":""chap12dec201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:12 (64-67): Finding Key Reversals by Massimiliano Scorpio"",""caption-linebreaks"":""Finding Key Reversals by Massimiliano Scorpio
Running this statistical test before creating a system can prove to be\nhelpful.
After spending several years analyzing\ntraditional indicators and developing moving\naverages and oscillator-based systems, I have\nfound that nothing works better in forecasting\nprice movements than price itself. This discovery led me to focus my efforts into searching for and\nstudying price configurations that could be useful in predicting\nthe next movements in price. I started creating systems in\n1996 using what was then Omega Research’s EasyLanguage\nand tried to test several strategies, writing numerous programs\nand solving many problems that popped up before I could\ntranslate my ideas into a single mechanical strategy. A couple\nof years ago, I decided to build a library of my favorite\npatterns and setups to use as a basis for creating a system, and\nto statistically test if there was indeed something to work on."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-12-64-67-finding-key-reversals-by-massimiliano-scorpio-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-12-64-67-finding-key-reversals-by-massimiliano-scorpio-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-12-64-67-finding-key-reversals-by-massimiliano-scorpio-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1965siddefy,d,"{""minimum-quantity"":""1"",""path"":""chap12dec201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:12 (65): Sidebar: Defining your pattern in EasyLanguage by Massimiliano Scorpio"",""caption-linebreaks"":""Sidebar: Defining your pattern in EasyLanguage by Massimiliano Scorpio
DEFINING YOUR PATTERN IN EASYLANGUAGE
{Define your basic pattern as an EasyLanguage Function}
KRPattern (Function)\nInput:TME(NumericSimple),PAT(NumericSimple);\n{1-Key Reversal Up}\nIf PAT=1 and Low[TME]Close[TME+1] and Close[TME]
SELECTING THE CONDITION TO ANALYZE
{Once the pattern is defined, select the condition to\nanalyze}
(Signal)
Input:TME(0),PAT(1);
{You are counting how many times the pattern recurs}\nIf KRPattern(TME,PAT)=1 then begin\nValue1=Value1+1;\nEnd;
{If there is a key reversal up pattern, how many times is\nthe following high greater or equal to the last high?}\nIf KRPattern(1,PAT)=1 and High>=High[1] then begin\nValue2=Value2+1;\nEnd;
{Now send the results to a word file}"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-12-65-sidebar-selecting-the-condition-to-analyze-by-massimiliano-scorpio-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-12-65-sidebar-selecting-the-condition-to-analyze-by-massimiliano-scorpio-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-12-65-sidebar-selecting-the-condition-to-analyze-by-massimiliano-scorpio-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1970injohcl,d,"{""minimum-quantity"":""1"",""path"":""chap12dec201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:12 (70-78): Interview: John Clayburg by Jayanthi Gopalakrishnan"",""caption-linebreaks"":""Interview: John Clayburg by Jayanthi Gopalakrishnan
John Clayburg is a farmer (corn, soybeans, and cattle), and\nhe also trades. That’s not much of a surprise. But he’s also a\nveterinarian, which is unusual. Not only that, he’s also a\nsystem developer. So how does a veterinarian go from treating\npuppies and kittens to trading to systems development? The\nanswer, of course, is practice, practice, practice.
Clayburg has been involved in trading and systems\ndevelopment for more than 20 years. He is author and\ndeveloper of Parallel User Function Technology, a unique\nself-adaptive trading software platform that gives systems\nand indicators uncommon resilience. He recently wrote a book on his technique on four-step trading, published by\nJohn Wiley & Sons.
He has spoken at several system development and trading\nseminars from New York to Los Angeles. He also works with\nclients from around the world in the development and\nimplementation of self-adaptive trading systems and\nindicators. He was in New York on September 11, meeting\nwith a client in the financial district, when he looked up and\nsaw something that most of the rest of us saw only on our\ntelevisions. Jayanthi Gopalakrishnan spoke to Clayburg via\ntelephone on September 28, 2001."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-12-70-78-interview-john-clayburg-by-jayanthi-gopalakrishnan-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-12-70-78-interview-john-clayburg-by-jayanthi-gopalakrishnan-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-12-70-78-interview-john-clayburg-by-jayanthi-gopalakrishnan-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v198393wormo,d,"{""minimum-quantity"":""1"",""path"":""chap12dec201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:12 (83-85, 93): Working Money: A Taste Of The Big MACD by Amy Wu"",""caption-linebreaks"":""Working Money: A Taste Of The Big MACD by Amy Wu
Indicators like the moving average convergence/divergence help you confirm signals and decrease\nrisk when buying and selling securities. Invented by\nGerald Appel in the 1970s, the MACD has become a\nstaple in the world of technical analysis. Here’s how\nyou can make use of it.
One of the most popular indicators used in technical\nanalysis is the MACD (moving average convergence/divergence). In its most common form, the MACD\nis calculated by taking the difference between a 26-day and\na 12-day exponential moving average. This difference, sometimes\nreferred to as the price oscillator, will vary depending\non the momentum of the security. A second line, called the\nsignal or trigger line, is created by taking a nine-day exponential\nmoving average of the price oscillator.
The MACD is a trend-following indicator, moving in the\ndirection of the prevailing price movement. This should be\napparent, since it is based on moving averages that are calculated\nby using a security’s price history. Since the price\noscillator is the 12-day minus the 26-day exponential moving\naverage, a difference of zero results in a horizontal line.\nSuch a line indicates that the 26-day and the 12-day moving\naverages are changing at the same rate. In general, the quantity\nof the difference and whether it is positive or negative\nshow how much faster or slower the exponential averages\nare moving relative to each other."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-12-83-85-93-working-money-a-taste-of-the-big-macd-by-amy-wu-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-12-83-85-93-working-money-a-taste-of-the-big-macd-by-amy-wu-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-12-83-85-93-working-money-a-taste-of-the-big-macd-by-amy-wu-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v198690wormo,d,"{""minimum-quantity"":""1"",""path"":""chap12dec201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:12 (86-87, 90): Working Money: $10 Price Tags On $5 Shirts by Bruce Faber"",""caption-linebreaks"":""Working Money: $10 Price Tags On $5 Shirts by Bruce Faber
Beware of the rampant ripoffs in\nretail!
“Put the $10 price tags on the $5\nshirts and we’ll mark them down\nto $7 for the sale.” That was the caption on a\ncartoon I saw in a magazine about 50 years ago.\nIt made a lasting impression on me. These days,\nfriends who want to to buy something ask me\nwhere they can get the best value for their\nmoney, which in turn makes me even more\naware of the ripoffs rampant in the retail world.
Scams are nothing new. They have probably\nbeen happening since the hunter in the next\ncave promised a fat T-Rex but delivered a\nskinny velociraptor instead. In those days, the\nscamming was limited to a small group at\nmost, and the scammed knew how and where\nto administer their grievances, which surely\nhad a limiting influence.
Things are different now. The technology\navailable to the scammers of today makes\nalmost anyone with a computer, a fax machine,\nor even a phone potential fodder for the\nunscrupulous scum on Commerce River. These\n“fool” makers of the electronic business era\nare eager to sell us their overpriced goods.\nWorse, they are good at it.
FAMILIAR SCENARIOS
In the following scenarios, the names have\nbeen changed to protect the duped:"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-12-86-87-90-working-money-10-price-tags-on-5-shirts-by-bruce-faber-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-12-86-87-90-working-money-10-price-tags-on-5-shirts-by-bruce-faber-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-12-86-87-90-working-money-10-price-tags-on-5-shirts-by-bruce-faber-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1988wormonc,d,"{""minimum-quantity"":""1"",""path"":""chap12dec201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:12 (88-90): Working Money: Confirming Bear Markets by David Penn"",""caption-linebreaks"":""Working Money: Confirming Bear Markets by David Penn
In a down market,the only question as important as “How low will we go?” is “Will we know\nwhen we’re there?”
While many technical analysts have relegated\nDow theory to that same attic in which the\nold tickertape machines are stashed, the\nunderlying premise of this approach toward\nthe stock markets, now more than 75 years\nold, remains both valid and potent. In fact, Dow theory can be\nan effective intellectual haven from the “24/7, 365” barrage of information, financial and market news reports, and analysis.\nAlthough it is true that intraday and day-to-day movements in\nthe stock market can provide clues to entry and exit\nopportunities, it is equally true that a sound understanding of\nlarger intermediate and long-term trends is key to putting any\ninvestment or trading decision in the proper context."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-12-88-90-working-money-confirming-bear-markets-by-david-penn-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-12-88-90-working-money-confirming-bear-markets-by-david-penn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-12-88-90-working-money-confirming-bear-markets-by-david-penn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1991conpatb,d,"{""minimum-quantity"":""1"",""path"":""chap12dec201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:12 (91-93): Continuation Patterns by Amy Wu"",""caption-linebreaks"":""Continuation Patterns by Amy Wu
The rising three and falling\nthree candlestick patterns\ncan help you confirm trends,\nadd to positions,and grant\nyou a cease-fire from the\nbattle between the bulls and\nthe bears.
Candlestick charting\nextends well beyond\nconfirming support\nand resistance levels\nand predicting\nmarket tops and\nbottoms. Active markets always\nattract traders, but sometimes\nrecognizing market inaction is as\nnecessary as finding activity in\nthe market. There are times to sell,\ntimes to buy, and times to rest, and\nthe continuation pattern\nrecognizes those times to rest. But\njust because the market is resting\ndoesn’t mean you should be.\nContinuation patterns are an\nexcellent way to confirm trends,\nadd to positions, or even trade on the short side.
CANDLE BASICS REVISITED
Candlesticks, which originated in Japan several hundred\nyears ago, are a unique and subtle way of looking at charts.\nUsually, we think of bars when we want a security charted.\nBut candlesticks are only a different form of bar charts, a\nform that lends greater insights."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-12-91-93-continuation-patterns-by-amy-wu-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-12-91-93-continuation-patterns-by-amy-wu-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-12-91-93-continuation-patterns-by-amy-wu-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v199611thres,d,"{""minimum-quantity"":""1"",""path"":""chap12dec201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:12 (96-97, 110-111): Threshold Trading Revisited by Rudy Teseo"",""caption-linebreaks"":""Threshold Trading Revisited by Rudy Teseo
An introduction for newcomers or a\nrefresher for old-timers: Here are a couple\nof tools we sometimes forget to use.
In trading jargon, the\n“threshold” refers to\nthe presignal area of\noverbought/oversold\nindicators — the area\nabove or below the\nlimits set in threshold-crossing\nindicators. The relative strength index\n(RSI) and stochastics are probably the\nbest known threshold-crossing\nindicators and are great for creating\nentry and exit trading signals. The\npresignal areas — the “thresholds” —\nare useful for knowing when to act,\nwhether you’re buying or selling.
THE TWO FRIENDS:\nRSI AND STOCHASTICS
The relative strength index (RSI),\ndeveloped by J. Welles Wilder, is a\nsingle-component oscillator that ranges\nbetween zero and 100%. This oscillator\nactually measures the ratio of recent\nupward price changes to downward\nprice changes within the same security\nover a specified period, which Wilder\ndefined as 14. Since then other periods\nhave been suggested — mainly three,\nnine, and 25. When the up and down\nmovements are equal, the RSI is at 50%.\nWhen U>D, the indicator will be\nsomewhere between 50% and 100%.\nWhen U
TRADESTATION: FINDING KEY REVERSALS
Massimiliano Scorpio’s article “Finding Key Reversals” in\nthis issue includes the EasyLanguage code for a key reversal–based strategy (a trading system) that also performs some\nbasic statistical analysis to determine how often such price\npatterns occur and how often they lead to profitable moves.\nThe strategy calls a custom function for identifying key\nreversals, and the EasyLanguage code for that is also included\nin the article.
While the ideas presented are sound, there are some issues\nwith the code that may make it difficult to use as-is, so we are\npresenting an alternative version here. The key issues are:
• The code will not run on the currently shipping TradeStation\n6 platform because buy and sell statements are now written\ndifferently and stops are implemented internally in the\nEasyLanguage code instead of via external settings. (Some\nof the required changes are made automatically if you\nimport the code from an ELS file, but if you are typing the\ncode in, you need to make the changes yourself.)"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-12-98-106-traders-tips-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-12-98-106-traders-tips-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-12-98-106-traders-tips-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1912warbufb,d,"{""minimum-quantity"":""1"",""path"":""chap13bonar2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:13 (12-15): Warren Buffett by James Maccaro"",""caption-linebreaks"":""Warren Buffett
Legendary value investor Warren Buffett sat out the stock market bubble. Today, he’s sitting prettier than ever.
by James Maccaro
It is well known that Warren Buffett has been\nvery successful in the markets. He amassed\nhis fortune from his base in Omaha, NE, far\nfrom Wall Street, and did so by ignoring the\nconventional wisdom of other professional\ninvestors. His philosophy is to “be fearful when others are greedy and greedy when others are fearful.”
Buffett was a protégé of Benjamin Graham, whom many\nconsider to be the father of security analysis. Buffett was a\nstudent of Graham at Columbia University; at the time, Graham\nwas a part-time instructor there as well as president of a money\nmanagement firm. After graduating in 1951, Buffett worked\nfor Graham as a security analyst. He also invested his own\nfunds, and was able to turn $9,800 into $140,000 by 1956."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-13-12-15-warren-buffett-by-james-maccaro-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-13-12-15-warren-buffett-by-james-maccaro-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-13-12-15-warren-buffett-by-james-maccaro-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1946marbrea,d,"{""minimum-quantity"":""1"",""path"":""chap13bonar2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:13 (46-52): Market Breadth or Beta by Dennis D. Peterson"",""caption-linebreaks"":""Market Breadth\nOr Beta?
Breadth and beta both start with “b,” but what else do they have\nin common? Maybe a way to help make trading decisions.
by Dennis D. Peterson
Market breadth is a measure of market\nmomentum. When momentum\nis positive and increasing, the market\nis bullish, and when momentum\nis negative and decreasing,\nthe market is bearish. Some stocks are highly correlated with market momentum; that is, when\nthe market is bullish, the stocks are rising, and when it is\nbearish, the stocks are declining. The correlation that a stock\nhas with a market is known as its beta value. Thus, knowing\nhow to measure market momentum is helpful in confirming\nthe direction some stocks will take.
USING BETA
A beta of 1.0 means the stock and the market have highly\ncorrelated trends. A stock with a beta greater than 1.0 means\nthe stock will increase (or decrease) faster than the market.\nFor example, Microsoft (MSFT) has a current beta of 1.0\ncompared to the Nasdaq composite. But beta can change; in\nearly 1997, MSFT was going up while the Nasdaq was going down, which drove down the beta to less than 1.0. When\nMSFT went up faster than the Nasdaq in the middle of 1997,\nits beta rose to greater than 2 (see Figure 1)."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-13-46-52-market-breadth-or-beta-by-dennis-d-peterson-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-13-46-52-market-breadth-or-beta-by-dennis-d-peterson-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-13-46-52-market-breadth-or-beta-by-dennis-d-peterson-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1954dartotr,d,"{""minimum-quantity"":""1"",""path"":""chap13bonar2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:13 (54-57): Dare To Trade by Adrienne Laris Toghraie, MNLP, MCH"",""caption-linebreaks"":""The Making Of The Modern Trader Dare To Trade
\nTo understand how much courage it takes to be a trader, take\nthe trader’s journey.
by Adrienne Laris Toghraie, MNLP, MCH
The markets are not sympathetic to the meek.\nFew professions require as much courage\nas trading does. For the most part, traders\ndo battle from the time they come into the\nprofession until they retire. From the initial education phase, to fighting the negativity of significant\nothers, to the challenge of finding a methodology that works,\nthere always seems to be another hurdle to face. Then, the\ndifficulties of environmental issues, psychological issues,\nand the ever-changing markets must be added to the mix.\nEach new step that must be taken and each new issue that\nmust be addressed requires courage. The rewards of money,\nexcitement, and conquering personal demons are what\nmotivate traders to tackle each challenge and to summon up\nthe requisite bravery."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-13-54-57-dare-to-trade-by-adrienne-laris-toghraie-mnlp-mch-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-13-54-57-dare-to-trade-by-adrienne-laris-toghraie-mnlp-mch-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-13-54-57-dare-to-trade-by-adrienne-laris-toghraie-mnlp-mch-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1970tradres,d,"{""minimum-quantity"":""1"",""path"":""chap13bonar2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:13 (70-89): Traders’ Resource: Software"",""caption-linebreaks"":""Traders’ Resource: Software
In this day and age, the choice of software\nwith which to analyze and interact with\nthe markets is rich, with different\npackages offering different capabilities,\nmethodologies, and price ranges to fit\nevery style of trader. Are you interested\nin a basic software package, but also find\nthat you need to write custom indicator formulas? Are you interested in ranking, screening, and\nproducing a list of candidates based on your favorite technical indicators? Or are you a daytrader, a position trader, or a\nprofessional trader? Are you looking for software to run from\nyour hard drive, or do you prefer to rely on your Internet\nconnection for interactive analysis?
Software packages for each of these needs are all out there,\nbut tracking them down can be a daunting task. To help\nSTOCKS & COMMODITIES readers make the right choices for\nthemselves, we surveyed the industry and collected the\nresponses. The information is summarized here and reprinted\nin full at our website."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-13-70-89-traders-resource-software-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-13-70-89-traders-resource-software-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-13-70-89-traders-resource-software-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19apr58prod,d,"{""minimum-quantity"":""1"",""path"":""chap14quicsc2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:14 Apr (58-60): Product Review: Stockomatic.com by John Sweeney"",""caption-linebreaks"":""Product Review: Stockomatic.com by John Sweeney
How about a truly black-box\nsystem? One whose\ndeveloper won’t say a word\nabout this process? Sounds\nlike an old story, doesn’t it?\nthought I’d check out Stockomatic.\nStockomatic predicts the close-to-close\nprice action in 10 stocks every night —\nday in advance. For example, around\npm Pacific Time on Tuesday, it gives\nyou the 10 symbols whose Wednesday\nclose to Thursday close will outperform the Standard & Poor’s 500 index."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-apr-58-60-product-review-stockomatic-com-by-john-sweeney-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-apr-58-60-product-review-stockomatic-com-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-apr-58-60-product-review-stockomatic-com-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19apr62prod,d,"{""minimum-quantity"":""1"",""path"":""chap14quicsc2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:14 Apr (62-63): Product Review: Terra Nova Online by Jayanthi Gopalakrishnan"",""caption-linebreaks"":""Product Review: Terra Nova Online by Jayanthi Gopalakrishnan
When you think “directaccess\nbroker,” you think\n“active trader.” But here’s\nsomething different: a\ndirect-access broker that\ncaters to the trader who makes about five\ntrades a month. Now, you might ask,\n“Why would this type of trader need\nreal-time quotes or direct access, for that\nmatter?” Good question. Here’s why.
The management at Terra Nova Trading\nfirmly believes that active investors and\ntraders who don’t have access to the\nsophisticated trading tools available for\ndaytraders are at a disadvantage when it\ncomes to getting the best price. Based on\nthis belief, they offered an introductory\nproduct for those who are looking to get\ntheir feet wet. ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-apr-62-63-product-review-terra-nova-online-by-jayanthi-gopalakrishnan-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-apr-62-63-product-review-terra-nova-online-by-jayanthi-gopalakrishnan-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-apr-62-63-product-review-terra-nova-online-by-jayanthi-gopalakrishnan-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19apr94prod,d,"{""minimum-quantity"":""1"",""path"":""chap14quicsc2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:14 Apr (94-96): Product Review: Aspen Graphics by John Sweeney"",""caption-linebreaks"":""Product Review: Aspen Graphics Version 3.71 by John Sweeney
Aspen Graphics (AG) is one\nof the world’s high-end\nanalytical programs. It got\nits start when quality data\nand technical displays were difficult to come by and\ncost a fortune. Thanks to\ntechnology and competition,\nthey no longer cost that much\nand Aspen’s price has adjusted\naccordingly, though it’s not down to\nthe basic Internet price of “free.”\nThen again, it’s not basic, and you don’t\nsee any ads on your screen, either."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-apr-94-96-product-review-aspen-graphics-by-john-sweeney-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-apr-94-96-product-review-aspen-graphics-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-apr-94-96-product-review-aspen-graphics-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19ap81quics,d,"{""minimum-quantity"":""1"",""path"":""chap14quicsc2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:14 April (81): Quick Scan: The Art Of Electronic Futures Trading by J. Gopalakrishnan"",""caption-linebreaks"":""Quick Scan: The Art Of Electronic Futures Trading by J. Gopalakrishnan
There’s no doubt the Internet has\nexposed us to more information and\ndata than ever before, which in turn has\nchanged the way we do everything from\nshopping to trading securities. Not only\nhas it changed our personal lives, but it\nhas also changed the way industries\noperate. The global futures market, long\nassociated with the open outcry system,\nhas seen drastic changes taking place\nwithin its industry. ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-april-81-quick-scan-the-art-of-electronic-futures-trading-by-j-gopalakrishnan-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-april-81-quick-scan-the-art-of-electronic-futures-trading-by-j-gopalakrishnan-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-april-81-quick-scan-the-art-of-electronic-futures-trading-by-j-gopalakrishnan-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19ap85quics,d,"{""minimum-quantity"":""1"",""path"":""chap14quicsc2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:14 April (85): Quick Scan: System Trac by Dennis Peterson"",""caption-linebreaks"":""Quick Scan: System Trac by Dennis Peterson
System Trac is a quarterly report published\nby Trade Center Inc. (available\nas a 75-page hard copy or a PDF electronic\nfile) that compares the performance\nof many commodity trading systems.\nThe report is based on simulated\nresults from implementing the trading\nsystems; Trade Center strictly follows\nthe buy and sell signals generated by the\ntrading system."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-april-85-quick-scan-system-trac-by-dennis-peterson-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-april-85-quick-scan-system-trac-by-dennis-peterson-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-april-85-quick-scan-system-trac-by-dennis-peterson-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19ap97quics,d,"{""minimum-quantity"":""1"",""path"":""chap14quicsc2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:14 April (97): Quick Scan: Currency-Trader.com by J. Gopalakrishnan"",""caption-linebreaks"":""Quick Scan: Currency-Trader.com by J. Gopalakrishnan
The interbank spot currency market\n(forex) has remained within the realms\nof banks and corporations. However,\nwith widespread use of the Internet, retail\ninvestors have shown increased interest\nin forex trading. This has caused\ncompanies like currency-trader.com to\nopen the doors for the retail investor. The\nforex market is the world’s largest market,\nwith transactions totaling more than $1\ntrillion taking place on an average trading\nday. It has no central exchange and trading\ntakes place 24 hours a day."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-april-97-quick-scan-currency-trader-com-by-j-gopalakrishnan-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-april-97-quick-scan-currency-trader-com-by-j-gopalakrishnan-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-april-97-quick-scan-currency-trader-com-by-j-gopalakrishnan-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19aug10prod,d,"{""minimum-quantity"":""1"",""path"":""chap14quicsc2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:14 Aug (102-103): Product Review: OptionStar by John Sweeney"",""caption-linebreaks"":""Product Review: OptionStar by John Sweeney
Could someone write a complete\noptions analysis application\nin Excel? With\ninstructions, diagrams, callouts,\ncharts, graphs, popup\ninstructions, drawings, the whole\nworks? Turns out they can and they\nhave. OptionStar is the result."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-aug-102-103-product-review-optionstar-by-john-sweeney-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-aug-102-103-product-review-optionstar-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-aug-102-103-product-review-optionstar-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19aug50prod,d,"{""minimum-quantity"":""1"",""path"":""chap14quicsc2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:14 Aug (50-52): Product Review: Unfair Advantage by Dennis D. Peterson"",""caption-linebreaks"":""Product Review: Unfair Advantage by Dennis D. Peterson
CSI remains the premier\nend-of-day datafeed\ncompany. It\nprovides data\nfor stocks, futures,\nindices, and funds.\nCSI provides a datafeed through two\ndifferent systems: Unfair Advantage and\nQuickTrieve. QuickTrieve is a DOSbased\nsoftware package for users who\ndo not have access to the Internet. It\nsupports data retrieval with a direct\nphone connection and a modem. Unfair\nAdvantage, which has been in\ncirculation for several years, is the\nproduct you would use via the Internet\nand a personal computer with Windows\n95/98/NT."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-aug-50-52-product-review-unfair-advantage-by-dennis-d-peterson-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-aug-50-52-product-review-unfair-advantage-by-dennis-d-peterson-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-aug-50-52-product-review-unfair-advantage-by-dennis-d-peterson-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19aug82prod,d,"{""minimum-quantity"":""1"",""path"":""chap14quicsc2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:14 Aug (82-83): Product Review: Market Dynamics by John Sweeney"",""caption-linebreaks"":""Product Review: Market Dynamics by John Sweeney
Unplug your perceptions of\npoint and figure charting\nfor a different idea. You’re\nused to thinking of it as\nsimple formations without\nany time scale, but what if you thought\nof the x-axis as a measure of risk?
How would that work? Clay Allen\nlooks at it as a measure of changes in\ntrend, since you only advance on that\naxis if the trend changes by the number\nof boxes you’ve specified. ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-aug-82-83-product-review-market-dynamics-by-john-sweeney-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-aug-82-83-product-review-market-dynamics-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-aug-82-83-product-review-market-dynamics-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19aug85quic,d,"{""minimum-quantity"":""1"",""path"":""chap14quicsc2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:14 Aug (85): Quick Scan: Trade Simulator Version 5.0 by John Sweeney"",""caption-linebreaks"":""Quick Scan: Trade Simulator Version 5.0 by John Sweeney
Wouldn’t it be wonderful if there were\nperfect rationality in the markets? We\ncould all invest our extra cash and focus\non our rosy future without worries.\nHowever, since what the securities\npeople sell us are all subject to the\nuncertainties that plague human\nendeavor, we must deal with a certain amount of randomness. And uncertainty\ninspires a certain amount of superstitious\nbelief. We’d like to call it the psychology\nof the market, but since it cannot be\nproven, it’s also inductive and heuristic\n(using rules of thumb)."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-aug-85-quick-scan-trade-simulator-version-5-0-by-john-sweeney-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-aug-85-quick-scan-trade-simulator-version-5-0-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-aug-85-quick-scan-trade-simulator-version-5-0-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19dec10prod,d,"{""minimum-quantity"":""1"",""path"":""chap14quicsc2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:14 Dec (107-109): Product Review: NeoTicker by Dennis D. Peterson"",""caption-linebreaks"":""Product Review: NeoTicker by Dennis D. Peterson
Three unique features make\nNeoTicker stand out from\nthe crowd: a pattern scanner\nthat can use multiple\nindicators or an actual price pattern, a\nvolume distribution function that allows\nyou to see up- and downticks in a useful\nway, and a charting capability that allows\nyou to combine minute-interval data\nwith tick data.
NeoTicker is the product of years of\ndevelopment that pulled together several\nseparate software packages. The features\nare carefully geared toward the primary\nusers, daytraders, by the developer of\nthe software, one of whom traded\nequities, options, and futures, and\nworked for a hedge fund."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-dec-107-109-product-review-neoticker-by-dennis-d-peterson-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-dec-107-109-product-review-neoticker-by-dennis-d-peterson-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-dec-107-109-product-review-neoticker-by-dennis-d-peterson-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19dec12prod,d,"{""minimum-quantity"":""1"",""path"":""chap14quicsc2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:14 Dec (128-129): Product Review: Bollinger On Volume Indicators by David Penn"",""caption-linebreaks"":""Product Review: Bollinger On Volume Indicators by David Penn
F ull disclosure: I’m a sucker\nfor a well-done technical\nanalysis video. Somewhere\nbetween the expensive and\noccasionally difficult-tofind\ntechnical analysis texts and the\neven more expensive and occasionally\ndifficult-to-attend seminars, technical\nanalysis videos are an excellent way to\nbreathe life into what often seems like\nstale text. In this, John Bollinger’s latest\nvideo offering, Volume Indicators, does\nnot disappoint."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-dec-128-129-product-review-bollinger-on-volume-indicators-by-david-penn-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-dec-128-129-product-review-bollinger-on-volume-indicators-by-david-penn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-dec-128-129-product-review-bollinger-on-volume-indicators-by-david-penn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19dec94111p,d,"{""minimum-quantity"":""1"",""path"":""chap14quicsc2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:14 Dec (94-95, 111): Product Review: TradeStation 6 by Jayanthi Gopalakrishnan"",""caption-linebreaks"":""Product Review: TradeStation 6 by Jayanthi Gopalakrishnan
TradeStation, long known as\nthe Goliath of the trading\nsoftware industry, just\nkeeps churning out new and\nimproved software. Of course, they\ndon’t really have any other option if\nthey want to retain their dominance.\nThe company has gone through a\ncomplete reorganization and has every\nintention of eliminating the numerous\ncomplaints it has received in the past,\nspecifically regarding its technical\nsupport. Regardless of the surrounding\npessimism of some users, it still has the\nhearts of many traders and will continue\nto win them with TradeStation 6, a\nprofessional trading platform for active\ntraders."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-dec-94-95-111-product-review-tradestation-6-by-jayanthi-gopalakrishnan-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-dec-94-95-111-product-review-tradestation-6-by-jayanthi-gopalakrishnan-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-dec-94-95-111-product-review-tradestation-6-by-jayanthi-gopalakrishnan-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19feb42prod,d,"{""minimum-quantity"":""1"",""path"":""chap14quicsc2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:14 Feb (42-44): Product Review: @RISK Professional 4.0 by John Sweeney"",""caption-linebreaks"":""Product Review: @RISK Professional 4.0 by John Sweeney
The techniques described\nin Michael Bryant’s\narticle in this issue,\n“Position Sizing With\nMonte Carlo Simulation,” can be\nenhanced and sped up with a unique piece of software most traders probably\nhaven’t encountered: @RISK\nProfessional 4.0. Developed by Palisade\nCorp., @RISK helps you build models\nfrom your own trading data, giving you\nthe best chance of creating something\nrobust for future use. Its most convenient\nfeature is an embedded Monte Carlo\nsimulation capability."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-feb-42-44-product-review-risk-professional-4-0-by-john-sweeney-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-feb-42-44-product-review-risk-professional-4-0-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-feb-42-44-product-review-risk-professional-4-0-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19feb45prod,d,"{""minimum-quantity"":""1"",""path"":""chap14quicsc2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:14 Feb (45-47): Product Review: Investor/RT by Jayanthi Gopalakrishnan"",""caption-linebreaks"":""Product Review: Investor/RT by Jayanthi Gopalakrishnan
Most trading programs aim\nto be everything to\neverybody and do not\nprovide the personalized\nservice many appreciate.\nPersonalized service differentiates\nInvestor/RT from its competitors and in\nturn inspires loyalty in its customers,\nmany of whom use it exclusively for\ntheir trading decisions. In addition, it\na cross-platform program compatible\nwith both Macintosh and Windows.
\nINSTALLATION
Installation procedures vary, depending\non your operating system. I used the\nWindows operating system and had the\noption of either installing via the Internet\nor CD-ROM. Macintosh users have the\nsame options. Stuffit Expander is needed\nto decompress the Mac installer after\ndownloading from the Linnsoft website."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-feb-45-47-product-review-investor-rt-by-jayanthi-gopalakrishnan-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-feb-45-47-product-review-investor-rt-by-jayanthi-gopalakrishnan-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-feb-45-47-product-review-investor-rt-by-jayanthi-gopalakrishnan-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19feb78prod,d,"{""minimum-quantity"":""1"",""path"":""chap14quicsc2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:14 Feb (78-80): Product Review: Viking by Dennis D. Peterson"",""caption-linebreaks"":""Product Review: Viking by Dennis D. Peterson
Viking is an equity analysis\ntool used in Scandinavian\ncountries (Sweden, Norway,\nFinland, Denmark) and\nFrance. It comes in three\npackages: Basic, Trading, and Option.\nBasic allows the user to perform basic\ntechnical analysis and provides fundamental\ndata; Trading provides\noptimization techniques; and Option\nprovides option analysis for optimizing\non liquidity, time to maturity, and strike\nprice. Foundation for International\nBusiness and Economic Research\n(FIBER), the US contact for Swedishbased\ndeveloper Delphi, provided\nSTOCKS & COMMODITIES with the basic\npackage plus optimizing capability."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-feb-78-80-product-review-viking-by-dennis-d-peterson-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-feb-78-80-product-review-viking-by-dennis-d-peterson-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-feb-78-80-product-review-viking-by-dennis-d-peterson-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19feb93prod1,d,"{""minimum-quantity"":""1"",""path"":""chap14quicsc2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:14 Feb (93-97): Product Review: Advance GET Real-Time 1.2 by Rex S. Takasugi"",""caption-linebreaks"":""Product Review: Advance GET Real-Time 1.2 by Rex S. Takasugi
Real-time quotes and charts are\nreadily available on the web,\noften for free. Why, then, would\nsomeone spend $2,520 a year (plus data\ncosts) for real-time charts and technical analysis? Having spent some time with\nAdvanced GET Real-Time (GET RT),\ncan give you many reasons why serious\ntraders are using GET RT in their day-today\ntrading. Just as a Rolls-Royce has\nmany features to make driving more\ncomfortable, enjoyable, and safer, GET\nRT has many features to make trading\nmore enjoyable and hopefully, profitable\nfor traders. As proof, GET has had\nits share of STOCKS & COMMODITIES’\nReaders’ Choice Awards in the past seven\nyears.
INSTALLATION
Advanced GET Real-Time installs\nsmoothly and easily from a CD-ROM.\nYou must have already signed up with a real-time data provider, and you must\ninstall a hardware security lock on\nyour printer port prior to launching\nthe program."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-feb-93-97-product-review-advance-get-real-time-1-2-by-rex-s-takasugi-38.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-feb-93-97-product-review-advance-get-real-time-1-2-by-rex-s-takasugi-47.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-feb-93-97-product-review-advance-get-real-time-1-2-by-rex-s-takasugi-48.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19feb93prod,d,"{""minimum-quantity"":""1"",""path"":""chap14quicsc2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:14 Feb (93-97): Product Review: Advance GET Real-Time 1.2 by Rex S. Takasugi"",""caption-linebreaks"":""Product Review: Advance GET Real-Time 1.2 by Rex S. Takasugi
Real-time quotes and charts are\nreadily available on the web,\noften for free. Why, then, would\nsomeone spend $2,520 a year (plus data\ncosts) for real-time charts and technical analysis? Having spent some time with\nAdvanced GET Real-Time (GET RT), I\ncan give you many reasons why serious\ntraders are using GET RT in their day-today\ntrading. Just as a Rolls-Royce has\nmany features to make driving more\ncomfortable, enjoyable, and safer, GET\nRT has many features to make trading\nmore enjoyable and hopefully, profitable\nfor traders. As proof, GET has had\nits share of STOCKS & COMMODITIES’\nReaders’ Choice Awards in the past seven\nyears."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-feb-93-97-product-review-advance-get-real-time-1-2-by-rex-s-takasugi-43.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-feb-93-97-product-review-advance-get-real-time-1-2-by-rex-s-takasugi-49.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-feb-93-97-product-review-advance-get-real-time-1-2-by-rex-s-takasugi-50.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19jan5095pr,d,"{""minimum-quantity"":""1"",""path"":""chap14quicsc2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:14 Jan (50-53, 95-97): Product Review: Wealth-Lab.com by John Sweeney"",""caption-linebreaks"":""Product Review: Wealth-Lab.com by John Sweeney
Can a Website rate a full review\nin STOCKS & COMMODITIES?\nIn the past,\nwe’ve inspected software\nin depth, software that ran\non your personal computer (and mine).\nNow, “your” software may run partly\non your machine, partly on another\nmachine, and gather data from yet\nthird. All this, of course, is done over\nthe Internet and you don’t care what the\nprocess is as long as the results end up\non your screen, the way you want it.\nSuch a site is Wealth-Lab, the first\nInternet site I’ve run across that offers\nfully programmable indicator and systems\ndevelopment capability right on\nthe Net.
PROGRAMMING
Why is programming such a big deal?\nIt’s the ultimate in control of your indicators\nand the trading rules you want to\nemploy. Depending on the power of the\nlanguage used (and the relative scarcity\nof bugs in its implementation), you can\nexpress ideas more elaborate than the\ntypical crossing of moving averages.\nThere’s always a limit to the power, but\ndevelopments with applications like\nTradeStation, TechniFilter Plus,\nWaveWi$e, NeuroShell Trader,\nSmarTrader, MetaStock, TradeLab, Ensign, BioComp, and Stratagem\nhave shown there is little limit to the\nimagination of individual traders."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-jan-50-53-95-97-product-review-wealth-lab-com-by-john-sweeney-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-jan-50-53-95-97-product-review-wealth-lab-com-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-jan-50-53-95-97-product-review-wealth-lab-com-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19jan8097pr,d,"{""minimum-quantity"":""1"",""path"":""chap14quicsc2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:14 Jan (80-81, 97): Product Review: HotTrader 2.081 by Jayanthi Gopalakrishnan"",""caption-linebreaks"":""Product Review: HotTrader 2.081 by Jayanthi Gopalakrishnan
There is no doubt that software\nthat automates swing chart\ndrawing benefits the Gann\nswing chartist. If you have\nattempted to draw these charts manually,\nyou know exactly what I’m talking\nabout. To address the needs of swing\ncharting enthusiasts, the developers at\nHotSwings.com created HotTrader, a\nGann swing charting program for trading\nsecurities. Users told me that when it\ncomes to swing trading, there is no\nother product that even comes close.\nThe product is a favorite among Gann\ntraders who swear that the real secrets\nof Gann can be found in these charts."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-jan-80-81-97-product-review-hottrader-2-081-by-jayanthi-gopalakrishnan-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-jan-80-81-97-product-review-hottrader-2-081-by-jayanthi-gopalakrishnan-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-jan-80-81-97-product-review-hottrader-2-081-by-jayanthi-gopalakrishnan-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19jul55quic,d,"{""minimum-quantity"":""1"",""path"":""chap14quicsc2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:14 July (55): Quick Scan: Option Strategist Online Seminar Series by John Sweeney"",""caption-linebreaks"":""Quick Scan: Option Strategist Online Seminar Series by John Sweeney
Why travel for a seminar? Especially if\nyou can get to the best guy for less. If\nyou’re talking options, then Lawrence\nMcMillan has the deal for you. Right after\nthe market closes, he runs a one-hour\nseminar series that is offered via the\nInternet facilities of Centran Conferencing.
You download a small applet to your\ncomputer in advance, sign up, and when\nthe time comes, log in with the password\nthat’s been e-mailed to you. Precisely at\n4:30 EST, the first slide flips up on your\nscreen and Larry’s voice comes over the\nInternet, live. If you like, you can\ndownload the presentation’s graphics\nin advance and store them on your\nmachine in PowerPoint or as a PDF file."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-july-55-quick-scan-option-strategist-online-seminar-series-by-john-sweeney-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-july-55-quick-scan-option-strategist-online-seminar-series-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-july-55-quick-scan-option-strategist-online-seminar-series-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19jul62prod,d,"{""minimum-quantity"":""1"",""path"":""chap14quicsc2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:14 July (62-65): Product Review: NeuroShell Trader by David Penn"",""caption-linebreaks"":""Product Review: NeuroShell Trader With Fuzzy Pattern Recognizer by David Penn
NeuroShell Trader’s Fuzzy\nPattern Recognizer (FPR),\na module of NeuroShell\nTrader, looks to accomplish\ntwo tasks that have vexed\ntraders working with computerized\nsystems. The first is to develop a system\nthat will scan price data series for\nparticular patterns or setups that can be\ntraded. The second, much more\ncomplicated task is to tune that system\nso it is able to catch near-misses and\nclose-enough situations, and not leave\ntoo many good trades unexecuted.
Many aspects of price behavior can\nbe relatively easy for one person to\ncommunicate to another. If you read\nthat “price falls sharply, then holds,\nthen resumes steep descent,” you could\nprobably picture in your mind’s eye\nsome chart that fits this description. But\nsuch perfectly good, perfectly clear\nEnglish is often fuzzy to the coding of a\ncomputer program. ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-july-62-65-product-review-neuroshell-trader-by-david-penn-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-july-62-65-product-review-neuroshell-trader-by-david-penn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-july-62-65-product-review-neuroshell-trader-by-david-penn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19jul69prod,d,"{""minimum-quantity"":""1"",""path"":""chap14quicsc2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:14 July (69-70): Product Review: Technical Ranking System by John Sweeney"",""caption-linebreaks"":""Product Review: Technical Ranking System by John Sweeney
You’d never know it from\nthe ads and you’d hardly\nknow it from the product,\nbut along with its Timeliness\nRanking System, Value\nLine offers a full-blown Technical\nRanking System. The company is careful\nto note the Timeliness Ranking does\nbetter than the Technical Ranking,\nthe availability is so downplayed that\ndisclaimer isn’t necessary."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-july-69-70-product-review-technical-ranking-system-by-john-sweeney-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-july-69-70-product-review-technical-ranking-system-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-july-69-70-product-review-technical-ranking-system-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19jul72quic,d,"{""minimum-quantity"":""1"",""path"":""chap14quicsc2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:14 July (72): Quick Scan: Micro Trading Tactics With Oliver Velez by Dennis Peterson"",""caption-linebreaks"":""Quick Scan: Micro Trading Tactics With Oliver Velez by Dennis Peterson
Ever notice the market seems to have\ndistinct cycles of activity each day?\nOliver Velez did, and in this videotape\nhe gives traders some tactics to take\nadvantage of trading patterns that might\noccur during the course of one trading\nday. The novice trader will welcome\nVelez’s observations. The more\nexperienced trader may find them\nsomewhat thought-provoking. To make\nbest use of the presentation, however,\nyou’ll need a real-time streaming\ndatafeed with the ability to build charts\nfor two different time intervals and to\nplot two moving averages."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-july-72-quick-scan-micro-trading-tactics-with-oliver-velez-by-dennis-peterson-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-july-72-quick-scan-micro-trading-tactics-with-oliver-velez-by-dennis-peterson-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-july-72-quick-scan-micro-trading-tactics-with-oliver-velez-by-dennis-peterson-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19jul86prod,d,"{""minimum-quantity"":""1"",""path"":""chap14quicsc2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:14 July (86-88): Product Review: Pro Analyst by John Sweeney"",""caption-linebreaks"":""Product Review: Pro Analyst Version 4.0 by John Sweeney
Trendsetter Software’s Pro\nAnalyst is one of the few\nMacintosh products that\nprovides a full technical\nanalysis system. It’s been\naround quite a while and has just come\nout with its fourth incarnation. This\nnewest version adds tweaks and\nrefinements to the previous package,\nsuch as faster, cheaper Internet datafeed;\nmore color; more windows; full news\nstories; expanded market leader info;\nand real-time trade tracking."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-july-86-88-product-review-pro-analyst-by-john-sweeney-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-july-86-88-product-review-pro-analyst-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-july-86-88-product-review-pro-analyst-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19jul89quic,d,"{""minimum-quantity"":""1"",""path"":""chap14quicsc2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:14 July (89): Quick Scan: Daytrading: The Course by Dennis Peterson"",""caption-linebreaks"":""Quick Scan: Daytrading: The Course by Dennis Peterson
This daytrading course is designed for\nthose who are not familiar with the\nequities markets. It includes 30 days of\nlive real-time trading using AT\nFinancial, MetaStock, live sound from\nthe floor, and the Trade Anywhere\nexecution system."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-july-89-quick-scan-daytrading-the-course-by-dennis-peterson-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-july-89-quick-scan-daytrading-the-course-by-dennis-peterson-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-july-89-quick-scan-daytrading-the-course-by-dennis-peterson-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19jul95prod,d,"{""minimum-quantity"":""1"",""path"":""chap14quicsc2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:14 July (95-96): Product Review: Bull’s-Eye Broker by John Sweeney"",""caption-linebreaks"":""Product Review: Bull’s-Eye Broker by John Sweeney
Software focusing on point\nand figure charting isn’t\ncommon. In fact, STOCKS\n& COMMODITIES has only\nreviewed two or three such\npackages over the years. Though many\nanalytical packages take a stab at P&F,\nit’s not given a thorough treatment —\nperhaps due to lack of demand.
Lack of demand apparently isn’t the\ncase in Australia, where traders have\navidly adopted many classic trading\ndisplays. In the case of Bull’s-Eye, the\ndemand came from the programmer’s\nathletics coach, who wanted a good way\nto screen 150 stocks in a few minutes!"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-july-95-96-product-review-bull-s-eye-broker-by-john-sweeney-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-july-95-96-product-review-bull-s-eye-broker-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-july-95-96-product-review-bull-s-eye-broker-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19jun63quic,d,"{""minimum-quantity"":""1"",""path"":""chap14quicsc2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:14 June (63): Quick Scan: Best Test Simulated Trading by John Sweeney"",""caption-linebreaks"":""Quick Scan: Best Test Simulated Trading by John Sweeney
Why not hone your skills before you put\nreal money on the line? If you’re ready\nto give it a shot, PFG Best has a free 30-\nday trial, a trial you can extend for\n$29.95 a month or less if you’d like.
\nThe software is Internet-based, so it\nruns about as fast as your setup and your\nmachine allow it to run. In addition to\nthe order facility, you have access to\nfull quotes and charts (powered by\nTradeSignals, with the charts available\nin one-, five-, 15-, 30-, and 60-minute\noptions or even daily) with their indicators\nand averages (Figure 1). ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-june-63-quick-scan-best-test-simulated-trading-by-john-sweeney-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-june-63-quick-scan-best-test-simulated-trading-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-june-63-quick-scan-best-test-simulated-trading-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19jun69prod,d,"{""minimum-quantity"":""1"",""path"":""chap14quicsc2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:14 June (69-73): Product Review: TradingExpert by John Sweeney"",""caption-linebreaks"":""Product Review: TradingExpert Version 6.0 by John Sweeney
AIQ Systems released this,\nthe latest version of its\nTradingExpert platform, in\nMarch 2001. Version 6.0\nsupports colored chart bars\nidentifying specific conditions and\nseveral new drawing tools, and the\nformulary has been bulked up with oftrequested\nimprovements. In addition,\nreal-time subscribers can now have\nalerts sent to them by e-mail.
UP AND RUNNING
Installation was the usual snap. You’ll\nneed to call AIQ for a key that locks the\nsoftware to your machine. Second,\nyou’ll need to sign on to myTrack. Third,\nyou’ll need to get a Dial Data account to\nupdate your historical information.\nThese are three different processes. Each\nworks fairly well, but the historical data\ndownload could take a good chunk of\ntime, depending on how far out of date\nyour data is. To speed things up, you\ncan create a list of the specific equities\nyou want and just update that list. ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-june-69-73-product-review-tradingexpert-by-john-sweeney-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-june-69-73-product-review-tradingexpert-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-june-69-73-product-review-tradingexpert-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19jun85prod,d,"{""minimum-quantity"":""1"",""path"":""chap14quicsc2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:14 June (85-87): Product Review: OptionVue 5 by Jayanthi Gopalakrishnan"",""caption-linebreaks"":""Product Review: OptionVue 5 Version 1.44 by Jayanthi Gopalakrishnan
Options traders know that\ntrading options involves\nmore variables than trading\nstocks or futures. You have\nimplied volatilities, historical\nvolatilities, various strategies such\nas straddles and strangles, and more.\nThen there are the Greeks — delta,\ntheta, gamma, and vega — all of which\nare enough to scare away traders who\nhave contemplated trading options. But\nOptionVue 5 eliminates this fear by\nproviding a user-friendly product\nsuitable for all options traders, from\nbeginners to professionals."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-june-85-87-product-review-optionvue-5-by-jayanthi-gopalakrishnan-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-june-85-87-product-review-optionvue-5-by-jayanthi-gopalakrishnan-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-june-85-87-product-review-optionvue-5-by-jayanthi-gopalakrishnan-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19jun88quic,d,"{""minimum-quantity"":""1"",""path"":""chap14quicsc2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:14 June (88): Quick Scan: Bear Market Game Plan by Dennis Peterson"",""caption-linebreaks"":""Quick Scan: Bear Market Game Plan by Dennis Peterson
This package consists of two videotapes\nand The Bear Market Manual, all of\nwhich are designed to help the novice\ninvestor cope with a bear market. In\nlight of the current market, the advice\nfrom these tapes is certainly apropos.
Formatted like a presentation, with\nbrief statements often accompanied by\npictures, the 38-page manual repeats\nthe important remarks the instructor\nmakes during the video presentation. ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-june-88-quick-scan-bear-market-game-plan-by-dennis-peterson-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-june-88-quick-scan-bear-market-game-plan-by-dennis-peterson-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-june-88-quick-scan-bear-market-game-plan-by-dennis-peterson-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19mar61prod,d,"{""minimum-quantity"":""1"",""path"":""chap14quicsc2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:14 Mar (61-62): Product Review: Sierra Charts by Jayanthi Gopalakrishnan"",""caption-linebreaks"":""Product Review: Sierra Charts 6.0 by Jayanthi Gopalakrishnan
If you are looking for basic\ntechnical analysis software\nthat is relatively inexpensive\nand simple to use, Sierra\nChart may be what you’re looking for. According to George Slezak\nof commitmentsoftraders.com, a regular\nuser of Sierra Chart, “it’s the best\nbargain.” Seasoned traders who look at\nprice charts and not so much at creating\ncustom indicators love this product\nbecause of its simplicity and, most of\nall, its reliability."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-mar-61-62-product-review-sierra-charts-by-jayanthi-gopalakrishnan-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-mar-61-62-product-review-sierra-charts-by-jayanthi-gopalakrishnan-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-mar-61-62-product-review-sierra-charts-by-jayanthi-gopalakrishnan-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19mar78prod,d,"{""minimum-quantity"":""1"",""path"":""chap14quicsc2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:14 Mar (78-81): Product Review: TradeStation Pro by John Sweeney"",""caption-linebreaks"":""Product Review: TradeStation Pro Version 6.1, Builds 461 - 467 by John Sweeney
I’d been told that TradeStation\nfor the Internet has been “on\nthe way” for a year, and it finally\narrived on my desktop on December 7. As\nsoon as I heard about it, I jumped over to\nTradeStation Pro.com to check it out.
There, I found a 10-day free trial, so\nI dived right in. After the usual signup\ninformation (including credit card info), I\nclicked my way through long legal agreements\n(TradeStation Pro, Nasdaq, OPRA,\nand the American Stock Exchange and the New York Stock Exchange), agreeing\nto everything."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-mar-78-81-product-review-tradestation-pro-by-john-sweeney-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-mar-78-81-product-review-tradestation-pro-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-mar-78-81-product-review-tradestation-pro-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19mar87prod,d,"{""minimum-quantity"":""1"",""path"":""chap14quicsc2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:14 Mar (87-88): Product Review: Wizetrade With eSignal And PC Quote by John Sweeney"",""caption-linebreaks"":""Product Review: Wizetrade With eSignal And PC Quote by John Sweeney
Say you want to use technical\nanalysis but you don’t want\nto get tangled up in charts\nand formulas. Do we have\nthe deal for you! It’s right\nup your alley, and it’s called Wizetrade.\nThis software does the technical work in\nthe background and shows you something\nwe all understand: red lights and green\nlights (Figure 1). The lights mean the\nsame thing as in traffic, but since there\nare more of these lights, there’s a little\nmore complexity in using them."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-mar-87-88-product-review-wizetrade-with-esignal-and-pc-quote-by-john-sweeney-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-mar-87-88-product-review-wizetrade-with-esignal-and-pc-quote-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-mar-87-88-product-review-wizetrade-with-esignal-and-pc-quote-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19mar93prod,d,"{""minimum-quantity"":""1"",""path"":""chap14quicsc2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:14 Mar (93-96): Product Review: BigEasy Investor by John Sweeney"",""caption-linebreaks"":""Product Review: BigEasy Investor Version 3.0.12.6.2000 by John Sweeney
Trying to find comprehensive\nsoftware or a website\nthat’s truly easy to use? One\nthat finds good trades for\nyou and gives solid signals\non them? Backs you up with easy access\nto research and educational videos?\nConstant tech support? Plus pretty good\ncharting? Try BigEasy Investor.
You grab BigEasy Investor software\nfrom the website. As of this writing, it’s\nfree and so is the subsequent access. In\nother words, you don’t pay for anything:\nsoftware, data, trading signals, or web\naccess. That’s not a permanent thing,\nthough. The site warns that when\ndevelopment is finished, a charge of\naround $20 a month will be applied.
That said, this hardly looks like a\nbeta site. The only difficulties I had\nwith it were some frames that couldn’t\nbe enlarged to full screen. Thus, it’s\nsometimes difficult to see the choices\nand execution buttons. That, and\nfiguring out all the features were the\nonly challenges I had."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-mar-93-96-product-review-bigeasy-investor-by-john-sweeney-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-mar-93-96-product-review-bigeasy-investor-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-mar-93-96-product-review-bigeasy-investor-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19may70prod,d,"{""minimum-quantity"":""1"",""path"":""chap14quicsc2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:14 May (70-72): Product Review: Amibroker by Jayanthi Gopalakrishnan"",""caption-linebreaks"":""Product Review: Amibroker Version 3.5 by Jayanthi Gopalakrishnan
C onsidering the uncertainty\nbehind trading results, it’s\nno surprise that traders are\nalways looking for software\nthat provides value\nfor money. And the search becomes\nmore difficult as the choices multiply.\nAmibroker.com has introduced a\nshareware product that truly meets the\n“value for money” criterion. Amibroker\nis simple to use, customizable, stable,\ncomprehensive, and inexpensive."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-may-70-72-product-review-amibroker-by-jayanthi-gopalakrishnan-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-may-70-72-product-review-amibroker-by-jayanthi-gopalakrishnan-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-may-70-72-product-review-amibroker-by-jayanthi-gopalakrishnan-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19may78quic,d,"{""minimum-quantity"":""1"",""path"":""chap14quicsc2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:14 May (78): Quick Scan: Option Money by Dennis Peterson"",""caption-linebreaks"":""Option Money by Dennis Peterson
Option Money is advertised as a portfolio\nmanager. If you thought you were only\ngetting a spreadsheet to track your trades,\nthough, think again; Option Money\nintegrates a number of features that take\nthis product beyond a simple\nspreadsheet. Option Money comes in\nthree versions, and each version adds more capability. The Basic Investor\nversion provides a means to record trades\nand the ability to export to Turbo Tax or\nTax Cut; the Advanced Trader version\nadds option features (more on that later);\nand the Professional Portfolio Manager\nversion adds support for real-time quotes.\nAll versions have access to delayed stock\nand option quotes, but you will need to\npay separately for real-time data."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-may-78-quick-scan-option-money-by-dennis-peterson-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-may-78-quick-scan-option-money-by-dennis-peterson-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-may-78-quick-scan-option-money-by-dennis-peterson-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19may79prod,d,"{""minimum-quantity"":""1"",""path"":""chap14quicsc2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:14 May (79-82): Product Review: MetaStock for Windows 7.03 by David Penn"",""caption-linebreaks"":""Product Review: MetaStock for Windows 7.03 Works with Reuters DataLink by David Penn
MetaStock for Windows\n7.03 isn’t just about\ndrawing charts. But it\nis hard to imagine better\nchart-drawing software\nthan what Equis International has come\nup with. MetaStock for Windows 7.03\ntakes full advantage of Windows’\nobject-oriented, drag-and-drop\nprogramming, making it an ideal product\nfor everyone from virgin traders just\ngetting accustomed to technical analysis\nto veterans who revel in building their\nown indicators and developing their own\ntrading systems.
For those even casually familiar with\ntechnical analysis software, MetaStock\nstands out as one of the heavyweights.\nAlthough other software has its\nadherents, MetaStock repeatedly comes\nup as the charting software that many\nsuccessful traders and analysts use. ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-may-79-82-product-review-metastock-for-windows-7-03-by-david-penn-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-may-79-82-product-review-metastock-for-windows-7-03-by-david-penn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-may-79-82-product-review-metastock-for-windows-7-03-by-david-penn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19may85prod,d,"{""minimum-quantity"":""1"",""path"":""chap14quicsc2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:14 May (85-86): Product Review: Power Analyzer by John Sweeney"",""caption-linebreaks"":""Product Review: Power Analyzer For Options by John Sweeney
Options analytical software\ncan run into thousands of\ndollars for a reasonable\nlevel of sophistication, but\nwith the cost of distribution\nand data access falling, courtesy of the\nInternet, that may be about to change.\nThough some software vendors have\nfound the market too thin to continue, new\nvendors are raising their hands with pricecompetitive\nofferings. Vlad Furman’s\nPowerAnalyzer is one such offering."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-may-85-86-product-review-power-analyzer-by-john-sweeney-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-may-85-86-product-review-power-analyzer-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-may-85-86-product-review-power-analyzer-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19nov10prod,d,"{""minimum-quantity"":""1"",""path"":""chap14quicsc2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:14 Nov (100-103): Product Review: NexTrend by Dennis Peterson"",""caption-linebreaks"":""Product Review: NexTrend by Dennis Peterson
Another Level II product with\na few twists and turns?\nHardly. NexTrend was\ncreated to manage\ninformation and provide\nalerts. Both news and price can be\nmonitored for events of interest. A robust\nalarm system is integrated with price\nand news filters covering a broad\nspectrum of stock, option, and future\nexchanges such as the New York Stock\nExchange (NYSE), the American Stock\nExchange (AMEX), Nasdaq, Chicago\nBoard Options Exchange (CBOE),\nOptions Price Reporting Authority\nOPRA), and Canadian exchanges."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-nov-100-103-product-review-nextrend-by-dennis-peterson-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-nov-100-103-product-review-nextrend-by-dennis-peterson-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-nov-100-103-product-review-nextrend-by-dennis-peterson-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19nov104qui,d,"{""minimum-quantity"":""1"",""path"":""chap14quicsc2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:14 Nov (104): Quick Scan: eSIGNAL by John Sweeney"",""caption-linebreaks"":""Quick Scan: eSIGNAL 6.1 by John Sweeney
eSignal has bulked up its eSignal product\nwith more data (up to 60 days intraday now), more network support (read load\nbalancing between servers), and better\ndata (continuous contracts and range\nchecking). In addition, about 300\nseparate indices are now freely provided,\nas well as cash currency transactions."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-nov-104-quick-scan-esignal-by-john-sweeney-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-nov-104-quick-scan-esignal-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-nov-104-quick-scan-esignal-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19oct10prod,d,"{""minimum-quantity"":""1"",""path"":""chap14quicsc2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:14 Oct (103-105): Product Review: FastTrack For The Web by David Penn"",""caption-linebreaks"":""Product Review: FastTrack For The Web by David Penn
Somewhere between market\ntiming and buy and hold\nlies a universe of strategies\nall geared, more or less,\ntoward the same thing: letting profits\nrun and cutting losses short. In fact, the\nmarket timing versus buy and hold\ndebate almost deteriorates into a simple\nquestion: What is more important —\nstaying in the market to catch the big\ngains or getting out of the market to\navoid the big losses? Your answer — if\nyou were forced to choose one or the\nother — ordinarily would tell a great\ndeal about whether you were an investor\nor a trader."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-oct-103-105-product-review-fasttrack-for-the-web-by-david-penn-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-oct-103-105-product-review-fasttrack-for-the-web-by-david-penn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-oct-103-105-product-review-fasttrack-for-the-web-by-david-penn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19oct11prod,d,"{""minimum-quantity"":""1"",""path"":""chap14quicsc2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:14 Oct (112-113): Product Review: Interactive Brokers by David Penn"",""caption-linebreaks"":""Product Review: Interactive Brokers by David Penn
What would your ideal\nbrokerage look like for\ntrade execution? A nofrills\ninterface with low\nfees and direct access to electronic\ncommunications networks (ECNs)? How\nabout access to options and futures as\nwell? Interactive Brokers (IB) does it\nall, advertising access to 45 exchanges\nand ECNs worldwide. Each share will\ncost you $0.01 per share up to 500\nshares, regardless of order type (market,\nlimit, stop, one cancels all, good till\ncanceled). US equity trades over 500\nshares are priced at $0.005 per share. It\ndoesn’t get much cheaper than this."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-oct-112-113-product-review-interactive-brokers-by-david-penn-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-oct-112-113-product-review-interactive-brokers-by-david-penn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-oct-112-113-product-review-interactive-brokers-by-david-penn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19sep64prod,d,"{""minimum-quantity"":""1"",""path"":""chap14quicsc2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:14 Sept (64-66): Product Review: TraderBot.com by John Sweeney"",""caption-linebreaks"":""Product Review: TraderBot.com by John Sweeney
Wouldn’t it be great to\nfind out right now if\nsomething unusual has\nhappened in a stock —\nany stock — that you\naren’t watching? You may have a shot\nat that “right now” with TraderBot.com.
How’s it work? Sign on, and after\nyou’ve gone through an extensive set of\nexchange data agreements, you’ll be\nready to program your screens. ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-sept-64-66-product-review-traderbot-com-by-john-sweeney-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-sept-64-66-product-review-traderbot-com-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-sept-64-66-product-review-traderbot-com-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19sep84prod,d,"{""minimum-quantity"":""1"",""path"":""chap14quicsc2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:14 Sept (84-87): Product Review: DeepInsight by Stocks & Commodities Staff"",""caption-linebreaks"":""Product Review: DeepInsight by Stocks & Commodities Staff
DeepInsight is a neural\nnetwork software package\nthat uses indicators for the\nneural network connections.\nDeepInsight tells you\nhow bullish or bearish a future stock\nprice movement is likely to be. But\nDeepInsight goes one step further and\nalso measures the accuracy of the\nmovement of weighted indicators with\nprice movement. It also gives buy/sell\nrecommendations, the product of a\nknowledge-based expert system and the\ncorrelation of a security with a market\nindex and industry group."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-sept-84-87-product-review-deepinsight-by-stocks-commodities-staff-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-sept-84-87-product-review-deepinsight-by-stocks-commodities-staff-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-sept-84-87-product-review-deepinsight-by-stocks-commodities-staff-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19sep88prod,d,"{""minimum-quantity"":""1"",""path"":""chap14quicsc2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:14 Sept (88-90): Product Review: The Bollinger Band Trading System by John Sweeney"",""caption-linebreaks"":""Product Review: The Bollinger Band Trading System For MetaStock Professional by John Sweeney
MetaStock hasn’t traditionally\nbeen an open\nplatform that others could\nuse to market their trading\nsystems. Where other vendors openly\ntout their own solution providers, Equis\nhas taken a slower stance — until now.\nNow, Equis itself markets a number of\nsystems from recognized gurus, systems\nspecifically tailored to MetaStock."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-sept-88-90-product-review-the-bollinger-band-trading-system-by-john-sweeney-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-sept-88-90-product-review-the-bollinger-band-trading-system-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-sept-88-90-product-review-the-bollinger-band-trading-system-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19sep96prod,d,"{""minimum-quantity"":""1"",""path"":""chap14quicsc2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:14 Sept (96-98): Product Review: UNX by John Sweeney"",""caption-linebreaks"":""Product Review: UNX by John Sweeney
Getting off a trade of 50 to\n500 (or more) securities\ncan be a tedious job if it’s\nnot automated. Two\ndevelopments have made\nthings easier: electronic communication\nnetworks (ECNs) and trading software designed to facilitate the process. UNX\nis the latter exploiting the former. The\ncombination is designed to reduce\ntrading costs by several cents per share\nusing its order-routing system and to\ncomplete complex executions in less\nthan a minute."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-sept-96-98-product-review-unx-by-john-sweeney-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-sept-96-98-product-review-unx-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-14-sept-96-98-product-review-unx-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19bookfortr,d,"{""minimum-quantity"":""1"",""path"":""chap15book20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:15: Books For Traders"",""caption-linebreaks"":""Books For Traders
Summaries and order information for each of the following books are included.
7 Chart Patterns That\nConsistently Make\nMoney by Ed Downs.
After-Hours Trading\nMade Easy by Joe\nDuarte and Roland J.\nBurke.
The Art Of Electronic\nFutures Trading:\nBuilding A Winning\nSystem By Avoiding\nPsychological Pitfalls\nby William S. Kaiser\nand James E. Green.
The 50 Best (And Worst) Business\nDeals Of All Time by\nMichael Craig.
The Armchair Millionaire by Lewis Schiff\nand Douglas Gerlach.
The Best: Conversations With Top\nTraders by Kevin N. Marder and Marc\nDupee.
The After Hours Trader by\nMichael Sincere and Deron\nWagner.
The Big Tech Score: A Top Wall Street\nAnalyst Reveals Ten Secrets To Investing Success by Mike Kwatinetz\nand Danielle Kwatinetz\nWood.
The Business Of\nOptions by Martin P.\nO’Connell.
CNBC Creating Wealth:\nAn Investor’s Guide to\nDecoding the Market by\nBrian O’Connell, with a\nforeword by Bill Griffeth.
Black Enterprise Guide To Investing by\nJames A. Anderson.
The Dark Side Of Valuation:\nValuing Old Tech, New\nTech, And New Economy\nCompanies by Aswath\nDamodaran.
CNBC 24/7 Trading: Around The\nClock, Around The World by\nBarbara Rockefeller, with a foreword\nby Sue Herera.
The Book Of Risk by Dan\nBorge.
The Day Trader’s Advantage:\nHow To Move From One\nWinning Position To The\nNext: 2nd edition by Howard\nAbell.
Day Trading On The Edge: A Look-\nBefore-You-Leap Guide To Extreme\nInvesting by Leslie N.\nMasonson.
Dictionary Of Financial\nEngineering: Over 2,000\nTerms Explained by John F.\nMarshall.
Eight $teps To $even\nFigure$: The Investment\nStrategies Of Everyday\nMillionaires And How You\nCan Become Wealthy Too by\nCharles B. Carlson.
The Day Trader’s Survival\nGuide: How To Be\nConsistently Profitable In\nShort-Term Markets by\nChristopher A. Farrell.
Dun & Bradstreet’s Guide To\nDoing Business Around The\nWorld, Revised by Terri\nMorrison, Wayne A. Conway,\nand Joseph J. Douress.
Electronic Currency Trading\nFor Maximum Profit by Keith\nLong and Kurt Walter.
Electronic Swing Trading\nFor Maximum Profit by\nMisha Sarkovich, Ph.D.
The Entrepreneurial Age:\nAwakening The Spirit Of\nEnterprise In People,\nCompanies, And Countries\nby Larry C. Farrell.
The Essential Buffett: Timeless Principles\nFor The New Economy by Robert G.\nHagstrom.
\ne-Stocks: Finding The Hidden Blue Chips\nAmong The Internet Imposters by Peter\nS. Cohan.
The Empowered Investor:\nPracticing Safe Investing By\nKnowing Your Rights,\nProtecting Your Investment,\nRecovering Your Losses by\nRobert Eric Karoly.
Exposing The Wheel Spin On Wall Street\nby Ted Lux.
Financial Services Without Borders: How\nTo Succeed In Professional Financial\nServices by Greenwich Associates.
The Fundamentals Of Municipal Bonds:\n5th edition by The\nBond Market\nAssociation (BMA).
The Guaranteed Real\nIncome Program: A\nPractical Guide To Winning\nIn The Financial Markets\nby Charles Hughes.
Fixed-Income Securities: Dynamic\nMethods For Interest Rate Risk Pricing\nAnd Hedging by Lionel\nMartellini and Philippe\nPriaulet.
Four Steps To Trading Success: Using\nEveryday Indicators To Achieve\nExtraordinary Profits by John F. Clayburg.
Greatest Investment:\nWarren Buffett’s Berkshire\nHathaway by Robert P.\nMiles.
Guide To Mortgage-Backed And\nAsset-Backed Securities by\nSalomon Smith Barney, edited by\nLakhbir Hayre.
How To Trade In Stocks first written by\nJesse Livermore in 1940, with added\nmaterial by Richard Smitten.
How To Pick Stocks Like Warren Buffett\nby Timothy Vick.
The Guts & Glory Of Day Trading: True\nStories Of Day Traders Who Made (Or\nLost) $1,000,000 by Mark Ingebretsen.
How Wall Street Created\nA Nation by Ovidio Diaz\nEspino.
How To Start Daytrading Futures,\nOptions, & Indices by Jeffrey Owen Katz\nand Donna L. McCormick.
How The Stock Market Works, third\nedition by John M. Dalton.
If It Doesn’t Go Up, Don’t Buy\nby Albert W. Thomas.
International Community\nTrading: Physical And\nDerivative Markets by\nEphraim Clark, Jean-\nBaptiste Lesourd, and\nRené Thiéblemont.
IPOs For Everyone: The 12 Secrets\nOf Investing In IPOs by Linda Killian,\nKathleen Smith, and William Smith.
Latticework: The New\nInvesting by Robert G.\nHagstrom.
InvestBeyond.com: A\nNew Look At Investing\nIn Today’s Changing\nMarkets by Victoria\nCollins, Ph.D., with a\nforeword by Charles R.\nSchwab.
Irrational Exuberance by\nRobert J. Shiller.
The Lack Of Money Is The Root Of All\nEvil: Mark Twain’s Timeless Wisdom On\nMoney And Wealth For Today’s Investor\nby Andrew Leckey, with a foreword by\nJohn C. Bogle.
Lessons From The\nLegends Of Wall Street by\nNikki Ross.
Mastering Online Investing by\nMichael C. Thomsett.
The Mentally Tough Online Trader: A\nSanity Guide For The Totally Wired\nInvestor by Robert\nKoppel.
Managing Risk In The New Economy by\nDimitris N. Chorafas.
Measuring Market Risk With Value At\nRisk by Pietro Penza and Vipul K. Bansal.
The Million Dollar Car and\n$250,000 Pizza by Allyson\nLewis, CFP.
Money & Power: The\nHistory of Business by\nHoward Means with a\nforeword by David Grubin.
NASDAQ 100 Investor’s Guide\n2001-2002 by Michael P. Byrum,\nCFA, with a foreword by John L.\nJacobs.
The Options Workbook by\nAnthony J. Saliba and the\nStaff at International\nTrading Institute.
Money Shy To Money Sure: A\nWoman’s Road Map To Financial\nWell-Being by Olivia Mellan &\nSherry Christie.
New Thinking In Technical\nAnalysis: Trading Models\nFrom The Masters edited\nby Rick Bensignor.
The Online Trading Survival Guide by\nJack Guinan.
Outperform The Dow: Using Options,\nFutures, And Portfolio Strategies To Beat\nThe Market by Gunter Meissner and\nRandall Folsom.
The Pied Pipers Of Wall\nStreet: How Analysts\nSell You Down The\nRiver by Benjamin\nMark Cole.
Paradigm Lost: The Psychology Of\nMoney And Investing by F. J. Chu.
Profit From Legal Insider\nTrading by Jonathan\nMoreland.
The Psychology Of Money\nby Jim Ware.
Pay Me In Stock Options:\nManage The Options You\nHave, Win The Options You\nWant by C.E. Curtis.
The Precision Profit Float\nIndicator: Powerful Techniques\nTo Exploit Price And Volume by\nSteve Woods.
The Rules For Growing\nRich: Making Money In The\nNew-Information Economy\nby David A. Lereah.
The Research Driven\nInvestor: How To Use\nInformation, Data And\nAnalysis For Investment\nSuccess by Timothy Hayes.
Savvy Investing For Women:\nStrategies From A Self-Made Wall\nStreet Millionaire by Marlene Jupiter.
Rocket Science For\nTraders by John F.\nEhlers.
The Sixth Market: The Electronic Investor\nRevolution by Howard Abell, Robert\nKoppel, and Ken Johnson.
Rules Of The Trade: Indispensable\nInsights For Online Profits by David S.\nNassar.
The Stock Market Course\nby George A. Fontanills and\nTom Gentile.
Stocks, Bonds, Options, Futures, second\nedition by Stuart R. Veale.
Survive And Profit In\nFerocious Markets: The\nBear Book by John\nRothchild.
Stock Market Wizards:\nInterviews With America’s\nTop Stock Traders by Jack\nD. Schwager.
Take Stock: A Roadmap\nTo Profiting From Your\nFirst Walk Down Wall\nStreet by Ellis Traub.
Successful Biotech Investing by Joe\nDuarte, M.D.
Stock Options For Dummies by\nAlan R. Simon.
TheStreet.com Guide To\nSmart Investing In The\nInternet Era: Everything\nYou Need To Know To\nOutsmart Wall Street And\nSelect Winning Stocks by\nDave Kansas and the\nwriters of TheStreet.com.
Value Investing In\nCommodity Futures: How\nTo Profit With Scale Trading\nby Hal Masover.
A Treasury Of Wall Street\nWisdom by Harry Shultz and\nSamson Coslow.
Tom Dorsey’s Trading Tips:\nA Playbook For Stock Market\nTrading Success by Tom\nDorsey and the DWA (Dorsey,\nWright & Associates) Analysts.
Trend Forecasting With\nTechnical Analysis:\nUnleashing The Hidden\nPower Of Intermarket\nAnalysis To Beat The\nMarket by Louis B.\nMendelsohn with a\nforeword by John Murphy.
Trading With Crowd Psychology by Carl\nGyllenram.
What If Boomers Can’t Retire?\nHow To Build Real Security, Not Phantom Wealth by Thornton Parker.
Wall Street’s Picks\nedited by Jack Kiburz.
A Vision For The\nFuture: In\nC o n v e r s a t i o n\nWith Financial\nStrategists by Luc Keuleneer, Dirk\nSwagerman and Willem Verhoog."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-15-books-for-traders-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-15-books-for-traders-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-15-books-for-traders-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19aug10folb,d,"{""minimum-quantity"":""1"",""path"":""chap16web201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:16 Aug (104-105): FOLIOfn.com by Jayanthi Gopalakrishnan"",""caption-linebreaks"":""FOLIOfn.com by Jayanthi Gopalakrishnan
FOLIO fn.com
\nThe growth of the Internet opened up\nmany possibilities of low-cost investing\nand easier methodologies to manage\nmoney. But former SEC commissioner\nSteve Wallman felt there could be an\neven better way to invest. With that in\nmind, he founded FOLIOfn.com, a\nbrokerage that gives individuals the\nopportunity to invest in a basket of\nstocks, even with limited funds.\n“FOLIOfn.com provides investors with\nthe opportunity to easily and affordably\nown a diversified stock portfolio,”\ncommented Nancy Smith, vice president\nof Web content at FOLIOfn.com."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-16-aug-104-105-foliofn-com-by-jayanthi-gopalakrishnan-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-16-aug-104-105-foliofn-com-by-jayanthi-gopalakrishnan-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-16-aug-104-105-foliofn-com-by-jayanthi-gopalakrishnan-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19dec79futb,d,"{""minimum-quantity"":""1"",""path"":""chap16web201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:16 Dec (79): Futuresweb.com by David Penn"",""caption-linebreaks"":""Futuresweb.com by David Penn
FUTURESWEB.COM
As stocks continue to frustrate traders\nand investors alike, more than a few\nformer stock jockeys have cast an eye\ntoward the futures markets. And with\nmargin requirements for pattern daytraders\n— four or more daytrades per\naccount in five business days, if these\ntrades are 6% or more of all trades in the\nsame period — increasing to $25,000, the\nfutures market has become increasingly\nattractive, almost by default."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-16-dec-79-futuresweb-com-by-david-penn-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-16-dec-79-futuresweb-com-by-david-penn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-16-dec-79-futuresweb-com-by-david-penn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19dec80chan,d,"{""minimum-quantity"":""1"",""path"":""chap16web201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:16 Dec (80-81): Channelingstocks.com by Dennis D. Peterson"",""caption-linebreaks"":""Channelingstocks.com by Dennis D. Peterson
CHANNELINGSTOCKS.COM
\nAre you looking for stocks in a horizontal\nprice channel? If you don’t want to do\nthe work on your own, you might\nconsider the services of this website.\nBut is it worth $10 a month to have\nsomeone else do your homework and\nsend you 12 new charts each week?
When I first visited the website, I thought I wouldn’t gain much out of it.\nSince it’s a subscription service, I called\nthem up and requested a complimentary\naccount. My call was answered by one\nof the website’s creators, although I\ndidn’t know it at the time. ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-16-dec-80-81-channelingstocks-com-by-dennis-d-peterson-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-16-dec-80-81-channelingstocks-com-by-dennis-d-peterson-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-16-dec-80-81-channelingstocks-com-by-dennis-d-peterson-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19dec82cros,d,"{""minimum-quantity"":""1"",""path"":""chap16web201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:16 Dec (82): Cross-currents.net by Dennis D. Peterson"",""caption-linebreaks"":""Cross-currents.net by Dennis D. Peterson
CROSS-CURRENTS.NET\nThis is an interesting site that uses a\ncombination of fundamentals and\ntechnical analysis to make market\npredictions. Is the market currently too\nexpensive? Cross-currents’ answer is an\noverwhelming yes. The site has four areas\nyou might find interesting: Mania Update,\nShort-Term Outlook, Commentary, and\nChart of the Week. All four are written\nby Alan M. Newman."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-16-dec-82-cross-currents-net-by-dennis-d-peterson-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-16-dec-82-cross-currents-net-by-dennis-d-peterson-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-16-dec-82-cross-currents-net-by-dennis-d-peterson-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19feb62risb,d,"{""minimum-quantity"":""1"",""path"":""chap16web201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:16 Feb (62-64): RiskGrades.com by Jayanthi Gopalakrishnan"",""caption-linebreaks"":""RiskGrades.com by Jayanthi Gopalakrishnan
RISKGRADES.COM
Think you don’t get access to the tools\nthat investment bankers, asset managers,\nand Fortune 50 companies have? Well,\nthink again, because RiskGrades.com\nFigure 1) offers all these tools. What’s\neven better is the price — free.
During the last two years, RiskGrades\nonly offered services to institutional\ninvestors, but at the end of 1999, the\ncompany decided to develop a product\ngeared to individual investors. Risk is\nan essential part of an institutional\ninvestor’s toolbox, but unfortunately,\nthe individual investor gives more\npriority to returns and often considers\nrisk subjectively. Here, you can study\nand analyze risk in an objective manner\nsimilar to what an institutional money\nmanager uses.
In fact, even professional advisors\ncan access this site through the advisor\narea, which offers features geared for\nthe professional manager. ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-16-feb-62-64-riskgrades-com-by-jayanthi-gopalakrishnan-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-16-feb-62-64-riskgrades-com-by-jayanthi-gopalakrishnan-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-16-feb-62-64-riskgrades-com-by-jayanthi-gopalakrishnan-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19jan28ivby,d,"{""minimum-quantity"":""1"",""path"":""chap16web201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:16 Jan (28): IVolatility.com by Jayanthi Gopalakrishnan"",""caption-linebreaks"":""IVolatility.com by Jayanthi Gopalakrishnan
IVOLATILITY.COM
Options traders need to analyze volatility\nto determine prices, and those who are\nfamiliar with volatility analysis will\nknow it is no easy task. A visit to\nIVolatility.com will be of great value to\nthose who prefer not to perform the\ncomplex calculations involved.
At IVolatility.com, you can find\nvolatility data for all optionable stocks\nin the US. After each trading day, the\ndata is scanned and the top results\ndisplayed on the homepage (Figure 1). You see the five top stocks and the five\nbottom ones, ranked based on a number\nof measures such as the implied volatility\n(IV) mean versus the 30-day historical\nvolatility (HV), the IV index mean range,\nstocks with the greatest IV change since\nyesterday, and the volatility skew."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-16-jan-28-ivolatility-com-by-jayanthi-gopalakrishnan-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-16-jan-28-ivolatility-com-by-jayanthi-gopalakrishnan-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-16-jan-28-ivolatility-com-by-jayanthi-gopalakrishnan-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19jan48stoc,d,"{""minimum-quantity"":""1"",""path"":""chap16web201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:16 Jan (48): Stockscores.com by Dennis D. Peterson"",""caption-linebreaks"":""Stockscores.com by Dennis D. Peterson
STOCKSCORES.COM
Stockscores.com is a Website designed\nfor those who want to have a technical\nguide but not necessarily get involved\nwith technical analysis. The site\nprovides a stock with a score based on\ntechnical indicators and allows the user\nto screen stocks in accordance with 30-\nplus indicators, including the stock\nscore. The 30 indicators are used to\nproduce the score."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-16-jan-48-stockscores-com-by-dennis-d-peterson-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-16-jan-48-stockscores-com-by-dennis-d-peterson-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-16-jan-48-stockscores-com-by-dennis-d-peterson-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19jul6671ga,d,"{""minimum-quantity"":""1"",""path"":""chap16web201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:16 July (66, 71): GainsKeeper.com by Sean Moore"",""caption-linebreaks"":""GainsKeeper.com by Sean Moore
GAINSKEEPER.COM
Whether you’re a market veteran or a novice, it is\nimportant to familiarize yourself with the tax\nimplications of buying and selling stocks and/or\nmutual funds. Keeping track of your capital gains\nand losses and reporting all activities on your Schedule\nD tax attachment can certainly be a laborious\ntask. With GainsKeeper.com (www.gainskeeper.\ncom), you get an excellent service for investment\ntracking and tax reporting and you can minimize\nthe time you spend filling in your Schedule D form.\nAnd you don’t have to wait until tax time to do that.\nYou can track your investment decisions and\nmonitor your tax situation throughout the year and\nbeat the April 15th rush."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-16-july-66-71-gainskeeper-com-by-sean-moore-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-16-july-66-71-gainskeeper-com-by-sean-moore-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-16-july-66-71-gainskeeper-com-by-sean-moore-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19mar85iesb,d,"{""minimum-quantity"":""1"",""path"":""chap16web201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:16 Mar (85-86): IES-Invest.com by Jayanthi Gopalakrishnan"",""caption-linebreaks"":""IES-Invest.com by Jayanthi Gopalakrishnan
IES-INVEST.COM
Covered-call investing is probably the\nmost conservative of all options\ntechniques. Many investors use this\ntechnique to hedge their stock holdings.\nHowever, finding good covered calls\ncan be a complicated task.
When identifying good covered calls,\nit’s necessary to select those with a high\npremium (out-of-the-money†). Investment\nEnhancing Systems, Inc., is offering\na program on the web that not only\nidentifies the best covered calls but also\ntells you how many shares you can\npurchase with the money you have\navailable, provides the stock and call\nsymbols, and determines annualized\nreturns if the stock is called or if stock\nprice remains the same at expiration. ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-16-mar-85-86-ies-invest-com-by-jayanthi-gopalakrishnan-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-16-mar-85-86-ies-invest-com-by-jayanthi-gopalakrishnan-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-16-mar-85-86-ies-invest-com-by-jayanthi-gopalakrishnan-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19mar99stoc,d,"{""minimum-quantity"":""1"",""path"":""chap16web201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:16 Mar (99): StockCharts.com/charts/carpet.html by Dennis D. Peterson"",""caption-linebreaks"":""StockCharts.com/charts/carpet.html by Dennis D. Peterson
STOCKCHARTS.COM/CHARTS/\nCARPET.HTML
\nStockCharts, a Redmond, WA–based\ncompany founded by former Microsoft\nveteran Chip Anderson, provides a\nclever tool for market and sector\nanalysis. StockCharts uses a technique\ncalled Market Carpet (Figure 1). It’s not\nexactly a carpet, though; it’s more of a\nquilt. Regardless of description, the\ncarpet presents a wealth of information\non a single screen."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-16-mar-99-stockcharts-com-charts-carpet-html-by-dennis-d-peterson-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-16-mar-99-stockcharts-com-charts-carpet-html-by-dennis-d-peterson-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-16-mar-99-stockcharts-com-charts-carpet-html-by-dennis-d-peterson-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19may84eqby,d,"{""minimum-quantity"":""1"",""path"":""chap16web201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:16 May (84): EquityTrader.com by Dennis D. Peterson"",""caption-linebreaks"":""EquityTrader.com by Dennis D. Peterson
EQUITYTRADER.COM
\nAcme Analytics’ EquityTrader.com,\nwebsite created by John Bollinger of\nBollinger Bands fame, strongly reflects\nhis analytical techniques. The website\nhome page (Figure 1) illustrates key\naspects of the analysis using a chart\nsurrounded by tabs. Tabs on the left and\nright of the chart control the number of\nperiods shown and whether the period is\ndaily, weekly, or monthly. Tabs on\nthe bottom have familiar-sounding\nindicator choices, but the top tabs and\nthe stoplights are unique, as well as the\nway the price data is shown."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-16-may-84-equitytrader-com-by-dennis-d-peterson-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-16-may-84-equitytrader-com-by-dennis-d-peterson-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-16-may-84-equitytrader-com-by-dennis-d-peterson-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19nov105109,d,"{""minimum-quantity"":""1"",""path"":""chap16web201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:16 Nov (105, 109): Trading Uncertainty by Amy Wu"",""caption-linebreaks"":""Trading Uncertainty by Amy Wu
Trading\nUncertainty
It’s tempting to use investment information\nproviders during an unstable market.\nBut traders, be wary: sometimes\nthere is as much uncertainty in the services\nyou receive as in the market itself.
\nAs a trader, you may find yourself\nsearching for ways to get that extra edge\nover the growing uncertainty in the\nmarket. One increasingly popular\nmethod is through investment information\nproviders. You’ve probably seen\nthese services in a variety of different\nforms — newsletters, web posts, e-mails.\nInvestment information services use\ndifferent analytical techniques to evaluate\nstocks, and select those that appear\nthe most profitable. Every service has\nits own methods, but all aim to do the\nsame thing: give you accurate and timely\npredictions. Most services also accommodate\na variety of different trades —\nshort, long, swing, and so forth."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-16-nov-105-109-trading-uncertainty-by-amy-wu-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-16-nov-105-109-trading-uncertainty-by-amy-wu-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-16-nov-105-109-trading-uncertainty-by-amy-wu-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19nov91alby,d,"{""minimum-quantity"":""1"",""path"":""chap16web201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:16 Nov (91-92): AlphaTrade.com by Dennis D. Peterson"",""caption-linebreaks"":""AlphaTrade.com by Dennis D. Peterson
ALPHATRADE.COM\nVancouver, BC–based AlphaTrade.com\nprovides real-time streaming quotes at\nan affordable price. The base fee is $17\nper month with additional fees for data\nfrom each exchange, including Canadian\nexchanges. For example, to receive\nNasdaq Levels I and II and NYSE quotes,\nit will cost you an additional $11 (Nasdaq\nLevel I is included in the Level II fee),\nwith a fee of $1 per month for credit card\ncharging, for a total of $29 per month.
The first striking feature about the\nAlphaTrade website is that it is multilingual.\nThe menu lists seven languages, but in fact, 22 are supported."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-16-nov-91-92-alphatrade-com-by-dennis-d-peterson-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-16-nov-91-92-alphatrade-com-by-dennis-d-peterson-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-16-nov-91-92-alphatrade-com-by-dennis-d-peterson-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19oct126mrs,d,"{""minimum-quantity"":""1"",""path"":""chap16web201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:16 Oct (126): MrSwing.com by Amy Wu"",""caption-linebreaks"":""MrSwing.com by Amy Wu
MRSWING.COM
A swing is a measurement of price\nmovement that is usually opposite of\nthe previous price movement. Swing\ntrading takes advantage of the fact that\nthe market is cyclic, even during trends.\nFor instance, during a seven-day\nuptrend of a security, there’s still bound\nto be three or four down days. By\ncarefully entering and exiting trends\nbased on the market cycle, swing traders\ncan capitalize their gains. Unlike\ndaytrading, swing trading occurs by\nfollowing the intraweek price changes\nof a security."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-16-oct-126-mrswing-com-by-amy-wu-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-16-oct-126-mrswing-com-by-amy-wu-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-16-oct-126-mrswing-com-by-amy-wu-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19oct82wwwe,d,"{""minimum-quantity"":""1"",""path"":""chap16web201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:16 Oct (82): www.eCharts.com by Amy Wu"",""caption-linebreaks"":""www.eCharts.com by Amy Wu
WWW.ECHARTS.COM
eCharts.com (Figure 1) is an extension\nof Equis, the Reuters company that produces\nMetaStock, the technical analysis\nprogram made for investors. eCharts targets\nmultiple audiences: there is a learning\ncenter for novice traders, free stock\nanalysis for chartists, and market updates\nand community chat groups for\neveryone in between. The eCharts market\ncommentary is provided by veteran\ntraders, including S&C former Editor\nThom Hartle, as well as John Bollinger,\nJay Kaeppel, John Murphy, Martin Pring,\nJoe Duarte, Mike Hurley, and Len Yates."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-16-oct-82-www-echarts-com-by-amy-wu-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-16-oct-82-www-echarts-com-by-amy-wu-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-16-oct-82-www-echarts-com-by-amy-wu-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19sep12trad,d,"{""minimum-quantity"":""1"",""path"":""chap16web201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:16 Sept (120-121): TradersAccounting.com by Amy Wu"",""caption-linebreaks"":""TradersAccounting.com by Amy Wu
TRADERSACCOUNTING.COM\nFor even the most experienced trader,\nfiling tax returns can be a harrowing\nordeal. So what’s worse than tracking\nthose capital gains and losses, wash sales,\nand corporate actions? Perhaps it’s\ndiscovering that you’re going to be paying\nmore than 50% tax on your W-2 income\nand then that much more on every aftertax\nshort-term trade."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-16-sept-120-121-tradersaccounting-com-by-amy-wu-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-16-sept-120-121-tradersaccounting-com-by-amy-wu-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-16-sept-120-121-tradersaccounting-com-by-amy-wu-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19sep82brok,d,"{""minimum-quantity"":""1"",""path"":""chap16web201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:16 Sept (82): BrokerageAmerica.com by Amy Wu"",""caption-linebreaks"":""BrokerageAmerica.com by Amy Wu
BrokerageAmerica.com
\nIn line with the dotcom mania that brought\nyou online trading, BrokerageAmerica\n(www. brokerageamerica.com) seeks to\nprovide an even more streamlined etrading\nservice. Nowadays, various\ncompanies provide a whole slew of\nservices: floor access, direct access,\nonline broker access; so how, you ask,\ncan it possibly get simpler?
\nBrokerageAmerica believes it can\neliminate the middleman. While current\nonline trading companies can provide\nbrokerage services at a discount,\ncustomers must still go through a broker\nto get to the market maker. On the other\nhand, BrokerageAmerica is set up\nsimultaneously as a broker and market\nmaker. You get the benefits of direct\ncustomer-to-dealer trading. ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-16-sept-82-brokerageamerica-com-by-amy-wu-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-16-sept-82-brokerageamerica-com-by-amy-wu-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-16-sept-82-brokerageamerica-com-by-amy-wu-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19sep99120w,d,"{""minimum-quantity"":""1"",""path"":""chap16web201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:16 Sept (99, 120): Wallstreetreality.com by Jayanythi Gopalakrishnan"",""caption-linebreaks"":""Wallstreetreality.com by Jayanythi Gopalakrishnan
WALLSTREETREALITY.COM
One of the biggest complaints that\ninvestors make about analyst ratings is\nthat they rarely give sell recommendations.\nBut those who trade actively in\nthe markets know that a sell recommendation\nis just as important as a buy.\nThe folks at Wallstreetreality.com\nhave put a tremendous amount of work\n— I say “tremendous” because more\nthan six months have elapsed since the\nwebsite’s scheduled launch date — into\ncreating a system that provides not only\nbuy signals but also sell signals so you\ncan make timely decisions. The research\nbehind the creation of this system has\n—without a doubt — a technical bent to\nit, making it a quantitative and objective\nmodel. A quick glance at their home\npage confirms this suspicion (Figure 1)."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-16-sept-99-120-wallstreetreality-com-by-jayanythi-gopalakrishnan-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-16-sept-99-120-wallstreetreality-com-by-jayanythi-gopalakrishnan-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-16-sept-99-120-wallstreetreality-com-by-jayanythi-gopalakrishnan-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19210lettos,d,"{""minimum-quantity"":""1"",""path"":""chap2feb201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:2 (10-16): Letters To S&C"",""caption-linebreaks"":""PHASOR DISPLAYS
Editor,\nI don’t like to be negative, but I must\nadmit that John Ehlers’s article in the\nDecember 2000 S&C, “Phasor Displays,”\nas usual, frustrates me. On a\nscale of one to 10, I’d grade him, brilliance:\n9, clarity of exposition: 1.\nFor example, a small puzzlement: In\nFigure 7, in quadrant II there’s a note,\n“point 28.” Isn’t this point 23? There’s\na point 28 near the top of the chart, in\nquadrant I. In quadrant I, there’s a note,\n“counter clockwise segment.” Isn’t the\nswing bar 21, 22, 23…41 a clockwise\nswing?\nIt could have been helpful to include\na chart showing typical trend modes and\nanother showing typical cycle modes.\nKeep up the good work — the magazine\nis great.\nART MERRILL\nHaverford, PA
Good to hear from you, Art, as always.\nDon’t be too hard on Ehlers; I mash up\nhis input pretty good before it gets to\nyou. You are correct about point 28\nbeing point 23 (Figure 7); my mistake.\nHowever, you are wrong about the counterclockwise\nnotation. There is an arrow\npointing to the short segment that is\ngoing counterclockwise instead of clockwise.\nAnd thanks for the idea about\nhaving a chart showing typical trend\nmodes and another with typical cycle\nmodes; I’ll ask Ehlers to do something\nalong this line. Isn’t the display spectacular!?\n—Editor"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-2-10-16-letters-to-s-c-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-2-10-16-letters-to-s-c-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-2-10-16-letters-to-s-c-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19218possiz,d,"{""minimum-quantity"":""1"",""path"":""chap2feb201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:2 (18-22): Position Sizing With Monte Carlo Simulation by Michael R. Bryant, Ph.D."",""caption-linebreaks"":""Need to know how much to put on your next trade?\nYou can figure it out with 95% reliability using this\nsimulation technique.
Consider this: Jane and Joe started\ntrading the same Standard &\nPoor’s 500 futures trading\nsystem at the same time. They\neach began with $100,000 and\nboth followed the system\nexactly. But 12 months later,\nJoe’s account was worth $200,000, while Jane’s\naccount was worth only $50,000. What was the\ndifference in their trading? Position sizing.\nAs his account equity increased, Joe increased the\nnumber of contracts in a near-optimal manner,\nresulting in a sharp runup in equity. Jane,\non the other hand, increased her position\nsize too quickly, so when the inevitable\nstring of losses occurred, her account\nplunged, leaving her worse off than if\nshe had risked less on each trade."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-2-18-22-position-sizing-with-monte-carlo-simulation-by-michael-r-bryant-ph-d-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-2-18-22-position-sizing-with-monte-carlo-simulation-by-michael-r-bryant-ph-d-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-2-18-22-position-sizing-with-monte-carlo-simulation-by-michael-r-bryant-ph-d-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19221sidran,d,"{""minimum-quantity"":""1"",""path"":""chap2feb201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:2 (21): Sidebar: Random sequences by Michael R. Bryant, Ph.D."",""caption-linebreaks"":""RANDOM SEQUENCES
You can get a visual picture of how the sequence of trades would affect your\ntrading experience by creating a series of results in your spreadsheet, then\nrandomizing the sequence of that series. Plot both the equity of the original\nseries of trades and that of the randomized series to see differences that are sometimes striking. Here’s how, using sidebar Figure 1A."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-2-21-sidebar-random-sequences-by-michael-r-bryant-ph-d-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-2-21-sidebar-random-sequences-by-michael-r-bryant-ph-d-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-2-21-sidebar-random-sequences-by-michael-r-bryant-ph-d-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1922464qaby,d,"{""minimum-quantity"":""1"",""path"":""chap2feb201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:2 (24, 64): Q&A by Don Bright"",""caption-linebreaks"":""NASDAQ STOPS\nAre Nasdaq stops possible?My broker\ntells me that you can’t protect yourself\non the downside by putting in a stoploss\nsell order if your stock is listed on\nthe Nasdaq. Is that true? — Lana\nHuddleston
Good question. Since there is no actual\nmarketplace with a single entity in control\nof the pricing of the stock, as there is on\nthe New York Stock Exchange (NYSE)\nand the American Stock Exchange\n(AMEX) (specialist system), then who\nwould be holding your stop order? Since\nthe Nasdaq is a fragmented market (using\nmany market makers instead of a single\nspecialist), there is no practical way to\nexecute stop orders. (cont.)"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-2-24-64-q-a-by-don-bright-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-2-24-64-q-a-by-don-bright-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-2-24-64-q-a-by-don-bright-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19226charby,d,"{""minimum-quantity"":""1"",""path"":""chap2feb201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:2 (26-31): The Chartist by Edwin Polokoff"",""caption-linebreaks"":""A Cautionary Tale The Chartist
Charts don’t lie, just in case you needed a reminder.\nby Edwin Polokoff
I shall never forget George. When I\nfirst met him, he was a man in his\nlate 50s, somewhat paunchy, of\nmedium height, dark hair streaked\nwith gray, silver-rimmed glasses\nshielding tired eyes — George\nlooked docile. A closer look betrayed\nhis seemingly easygoing\nmanner. His hands shook slightly\nbut uncontrollably, especially when he ate or wrote.\nMy conclusion was that he had been through too\nmany stock market wars, and the wear and tear on\nhis nerves, stress from his occupation, had created\nthe nerve problem."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-2-26-31-the-chartist-by-edwin-polokoff-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-2-26-31-the-chartist-by-edwin-polokoff-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-2-26-31-the-chartist-by-edwin-polokoff-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19232doubco,d,"{""minimum-quantity"":""1"",""path"":""chap2feb201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:2 (32-40): Double-Bottom Confirmation Strategy by Arthur Hill"",""caption-linebreaks"":""How To Get Into The Trade Double-Bottom\nConfirmation Strategy
Here’s a strategy using a tried-and-true pattern to achieve\nfaster entry signals and improve the reward-to-risk ratio.\nby Arthur Hill
The double bottom that emerged\nin the Dow Jones Industrial Average\n(DJIA) and many other securities\nin October 1998 is a\nmemorable formation, a powerful\nreversal. With the power behind\nit in mind, I developed an\nentry strategy based on the double bottom, or the second test\nof a key support level. I call it the double-bottom confirmation\nstrategy.
DOUBLE BOTTOMS
Double bottoms are considered to be reversal patterns that\nform after a significant decline. They are marked by two\nroughly equal lows and confirmed when the peak between the two\nlows has been surpassed. The first\nlow marks initial support with little\nclue that the downtrend may be\nnear an end. The subsequent reaction\nrally’s peak marks resistance,\nor the price at which overhead\nsupply dominates. When the second\nlow begins to form near the\nprevious support level, it indicates\nthat demand has begun to overpower\nsupply. For the double bottom\nto be deemed complete, demand\nmust be sufficient to propel\nprices off the second low and past\nthe previous reaction high, thus conquering\noverhead supply. (See Figure\n1.)"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-2-32-40-double-bottom-confirmation-strategy-by-arthur-hill-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-2-32-40-double-bottom-confirmation-strategy-by-arthur-hill-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-2-32-40-double-bottom-confirmation-strategy-by-arthur-hill-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19240sidper,d,"{""minimum-quantity"":""1"",""path"":""chap2feb201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:2 (40): Sidebar: Percentage price oscillator calculation by Arthur Hill"",""caption-linebreaks"":""PERCENTAGE PRICE OSCILLATOR CALCULATION
The percentage price oscillator is easy to calculate\nin a spreadsheet. Just remember to\nseed each moving averages column with the\nsimple average for the first day’s calculation.\nAfter that, use the exponential moving average\n(EMA). The signal line is a nine-day EMA of the\nPPO itself."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-2-40-sidebar-percentage-price-oscillator-calculation-by-arthur-hill-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-2-40-sidebar-percentage-price-oscillator-calculation-by-arthur-hill-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-2-40-sidebar-percentage-price-oscillator-calculation-by-arthur-hill-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19248bufupy,d,"{""minimum-quantity"":""1"",""path"":""chap2feb201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:2 (48-56): Buff Up Your Moving Average by Buff Dormeier"",""caption-linebreaks"":""Moving Averages On Steroids\nBuff Up Your\nMoving Averages
by Buff Dormeier\nWant better results? Combine your moving averages with\nvolume and see what happens.
Why should technicians only consider\nopen/high/low/close numbers\nand time in forming price\naverages? The averages I use enhance\nperformance by modifying\nthe simple moving average with volume information.\nVolume represents the number of participants willing to\nwager at various points of price and time. My price averages\nmeasure the commitment expressed through a close,\nweighted by that day’s volume compared to the total volume\nduring the period of the average. (See sidebar “Buff\naverages” on page 50 for the calculation.)\nWeighting the price average gives greater emphasis to\nthose days with greater volume and less emphasis to those\ndays with lighter volume. By enhancing the performance of\nyour moving averages with volume, you can increase responsiveness\nand reliability."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-2-48-56-buff-up-your-moving-average-by-buff-dormeier-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-2-48-56-buff-up-your-moving-average-by-buff-dormeier-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-2-48-56-buff-up-your-moving-average-by-buff-dormeier-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19250sidbuf,d,"{""minimum-quantity"":""1"",""path"":""chap2feb201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:2 (50): Sidebar: Buff averages by Buff Dormeier"",""caption-linebreaks"":""BUFF AVERAGES"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-2-50-sidebar-buff-averages-by-buff-dormeier-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-2-50-sidebar-buff-averages-by-buff-dormeier-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-2-50-sidebar-buff-averages-by-buff-dormeier-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19253sid60s,d,"{""minimum-quantity"":""1"",""path"":""chap2feb201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:2 (53): Sidebar: 60 securites tested by Buff Dormeier"",""caption-linebreaks"":""60 SECURITIES TESTED"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-2-53-sidebar-60-securites-tested-by-buff-dormeier-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-2-53-sidebar-60-securites-tested-by-buff-dormeier-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-2-53-sidebar-60-securites-tested-by-buff-dormeier-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19257marbre,d,"{""minimum-quantity"":""1"",""path"":""chap2feb201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:2 (57-60): Market Breadth: Volume by Dennis D. Peterson"",""caption-linebreaks"":""Determining Market Health\nMarket Breadth: Volume
Of all the market breadth measures to determine the overall\nhealth of the market, volume is perhaps one of the most\ndifficult to use.\nby Dennis D. Peterson
It only takes a few stocks to push\nmajor indices such as the Dow\nJones Industrial Average, the\nStandard & Poor’s 500, and the\nNasdaq Composite up, and that’s\nespecially true for the Nasdaq\nComposite, which is weighted\nby market capitalization. To gain\ninsight into market momentum, traders turn to market breadth\nindicators. Breadth measures how much of the market is\nparticipating in an index’s movement. When the breadth is\nwide, the majority of stocks are participating. When the\nbreadth is narrow, only a few stocks are rising or falling.
Up and down volume play a\ncentral role in market breadth\nbecause they measure how\nbullish or bearish investors are.\nThere are two aspects of volume\nthat are most important: The\nfirst is the total amount of\nvolume and the second is the\namount of up volume versus\ndown volume."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-2-57-60-market-breadth-volume-by-dennis-d-peterson-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-2-57-60-market-breadth-volume-by-dennis-d-peterson-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-2-57-60-market-breadth-volume-by-dennis-d-peterson-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19266intomr,d,"{""minimum-quantity"":""1"",""path"":""chap2feb201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:2 (66-77): Interview: Tom Rietz Of Iowa Electronic Markets by John Sweeney"",""caption-linebreaks"":""Trade The Future(s)\nTom Rietz Of Iowa\nElectronic Markets
Iowa Electronic Markets (IEM) are real-money futures markets\nin which students and professionals trade contracts of\neverything from US politics to Federal Reserve monetary\npolicy to computer returns. These markets are operated by\nfaculty at the University of Iowa Tippie College of Business\nas part of its research and teaching mission.\nThomas Rietz, Associate Professor of Finance at the University\nof Iowa, is an Iowa Electronic Markets manager.\nRietz uses a combination of theoretical, empirical, and experimental\nwork to research two primary areas: financial markets and decisions, and elections and voting decisions.\nHe served three terms as the section head for finance on the\nexecutive committee of the Economic Science Association,\nthe professional organization for experimental economists.\nRecently, Rietz was appointed to the interdisciplinary Preferences\nNetwork Risk Research Initiative of the MacArthur\nFoundation.\nSTOCKS & COMMODITIES Interim Editor John Sweeney\ninterviewed Rietz on November 8, 2000, to find out what Iowa\nElectronic Markets reveal about politics and trading."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-2-66-77-interview-tom-rietz-of-iowa-electronic-markets-by-john-sweeney-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-2-66-77-interview-tom-rietz-of-iowa-electronic-markets-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-2-66-77-interview-tom-rietz-of-iowa-electronic-markets-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1928192trad,d,"{""minimum-quantity"":""1"",""path"":""chap2feb201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:2 (81-85, 92): Traders’ Tips"",""caption-linebreaks"":""• OMEGA RESEARCH EASYLANGUAGE
This month in Traders’ Tips, we’ll be buffing up your moving\naverages using the volume-weighting method presented in\nBuff Dormeier’s article in this issue, “Buff Up Your Moving\nAverages.” The weighting formula has been created as a\nfunction in EasyLanguage so that it can be referenced from\nany analysis technique or strategy. In addition, a simple twoline\nvolume-weighted average indicator that references the\nfunction has also been included.\nThe name of the volume-weighted average function is\n“BuffAverage.” The function has two inputs, price and length.\nThe price input represents the price value upon which the\naverage calculation is based. The length input represents the\nnumber of bars that are used in the calculation of the average."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-2-81-85-92-traders-tips-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-2-81-85-92-traders-tips-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-2-81-85-92-traders-tips-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1928610trad,d,"{""minimum-quantity"":""1"",""path"":""chap2feb201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:2 (86-91, 104-105): Traders’ Resource: Trading Systems"",""caption-linebreaks"":""Trading Systems
Trading systems can help take the subjective\ninterpretation out of trading decisions\nby providing automated buy and\nsell signals based on preprogrammed\nrules. Trading systems are usually computer\nprograms but can also be a realtime\nservice, issuing signals or a set of\npublished rules to follow. They can rely on one or more trading disciplines, such as artificial intelligence,\nGann analysis, astrology, indicator sets, or custom\nrules. This month in Traders’ Resource, we present a list of\npublicly available trading systems, most of which are sold as\nsoftware packages for personal computers.
We contacted trading system developers and vendors and\nasked them to fill out an online survey form to describe their\nproduct or products. Here, you’ll find a summary of the data\nwe collected. While we’re only able to present an abbreviated\namount of the information here in the magazine due to the\nspace constraints of the printed page, you’ll find the complete\nlisting of product specifics at our website, www.Traders.com.\nJust click on the Traders’ Resource link and then on the\nTrading Systems category link.
The product information you’ll find at our website for\ntrading systems will help answer questions such as: What\nindicators does the system utilize? What markets are followed\nby the trading system? Are additional applications"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-2-86-91-104-105-traders-resource-trading-systems-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-2-86-91-104-105-traders-resource-trading-systems-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-2-86-91-104-105-traders-resource-trading-systems-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19310lettos,d,"{""minimum-quantity"":""1"",""path"":""chap3mar201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:3 (10-18): Letters To S&C"",""caption-linebreaks"":""VOLUME INDICATORS
Editor,\nIt was with considerable\ninterest that I recently\nread the interview with\nDavid Vomund in the\nOctober 1999 S&C. He\nbrought to mind what I\nfelt was a balanced view of market\nefficiency. He also whetted my appetite\nfor volume indicators. I already use\nMarc Chaikin’s money flow indicator\nin the Australian market, without a great\ndeal of success, and I am interested in\nthe volume accumulation percent\nindicator. However, as Vomund does\nnot mention how this indicator is\ncalculated, and I have no other references\nto it, I wonder if you can enlighten me?\nTREVOR T. BESTOW, via e-mail"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-3-10-18-letters-to-s-c-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-3-10-18-letters-to-s-c-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-3-10-18-letters-to-s-c-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19310tradre,d,"{""minimum-quantity"":""1"",""path"":""chap3mar201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:3 (100-106): Traders’ Resource: Online Trading Services"",""caption-linebreaks"":""Online Trading Services
You can find a wealth of information on\nthe Internet for nearly any subject imaginable,\nincluding trading, the financial\nmarkets, and technical analysis.\nEach month in STOCKS & COMMODITIES’\nTraders’ Resource, we present a\nlisting for different categories of products\nand services related to trading, all to aid our readers in their pursuit of trading. This month, we focus on the topic of Online Trading Services.
We contacted companies that offer services to traders over\nthe Internet as well as financial website developers and\nasked them to fill out an online survey form to describe their\nInternet site. Here, you’ll find a summary of the data we\ncollected.
Some of these websites offer charting, price quotes, and\nfinancial news and information; others offer a more specialized\nservice that may be useful to investors and traders."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-3-100-106-traders-resource-online-trading-services-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-3-100-106-traders-resource-online-trading-services-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-3-100-106-traders-resource-online-trading-services-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19319pairtr,d,"{""minimum-quantity"":""1"",""path"":""chap3mar201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:3 (19-26): Pairs Trading by Stephane Reverre"",""caption-linebreaks"":""Exploiting Closely Related Stocks\nPairs Trading
Some relationships in the stock market make\nfor very profitable trades. by Stephane Reverre
The arbitrage of Royal Dutch\n(RD) and Shell (SC) is a\npopular one on Wall Street\nbecause it is a classic\nexample of a pair-tradingÝ\nmodel, a strategy that\ninvolves trading two stocks\n— one long, the other short-term based, on the\nassumption that their prices follow an\nidentifiable recurrent pattern — backed by a\nstrong relationship between the companies.\nEssentially, RD and SC are opposite sides of\nthe same coin; they both derive their revenues\nfrom a fixed partition of the income generated\nby the entire corporate group. Indeed, they are\nlinked by corporate charters stipulating that\n60% of the income received by the group will\nbe allocated to RD, while the 40% remaining\nwill be allocated to SC. Therefore, it is possible\nto extract an exact relationship between the\ntwo stocks’ prices (see sidebar “Pairs\nrelationships”)."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-3-19-26-pairs-trading-by-stephane-reverre-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-3-19-26-pairs-trading-by-stephane-reverre-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-3-19-26-pairs-trading-by-stephane-reverre-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19322sidpai,d,"{""minimum-quantity"":""1"",""path"":""chap3mar201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:3 (22): Sidebar: Pairs relationships by Stephane Reverre"",""caption-linebreaks"":""PAIRS RELATIONSHIPS"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-3-22-sidebar-pairs-relationships-by-stephane-reverre-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-3-22-sidebar-pairs-relationships-by-stephane-reverre-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-3-22-sidebar-pairs-relationships-by-stephane-reverre-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19323sidnor,d,"{""minimum-quantity"":""1"",""path"":""chap3mar201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:3 (23): Sidebar: Normalization by Stephane Reverre"",""caption-linebreaks"":""NORMALIZATION"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-3-23-sidebar-normalization-by-stephane-reverre-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-3-23-sidebar-normalization-by-stephane-reverre-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-3-23-sidebar-normalization-by-stephane-reverre-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19327beanin,d,"{""minimum-quantity"":""1"",""path"":""chap3mar201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:3 (27-28): Beans In The Teens by Emil van Essen"",""caption-linebreaks"":""It’s The Most Wonderful\nTime Of The Year - Beans In\nThe Teens
Most years about this time, there’s an opportunity\nin soybeans.\nby Emil van Essen
I\nt’s about that time of year again,\nwhen soybean traders wake up\nand wonder whether this will\nbe the spring that brings another\nwild, stomach-churning, and\nprofitable (for some) bull\nmarket. One time-honored\nsystem with a great track record is certainly\npointing to that possibility (Figure 1). The\nsystem shown here only takes long positions,\nand only in February. The strength of the system\nis in identifying the characteristics of an\nimpending bull market very early in the season,\nbefore most traders have entered the market.
Here’s how the soybean system works, for\nthose not familiar with the tradable. The system\nbuys a 50-day high in February as long as there\nwas not a major high last year. Initially, a stop\nis placed at the 50-day low but rises to a 10-day\nlow after June 1. I used a continuous contract of\nsoybean prices to test this idea."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-3-27-28-beans-in-the-teens-by-emil-van-essen-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-3-27-28-beans-in-the-teens-by-emil-van-essen-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-3-27-28-beans-in-the-teens-by-emil-van-essen-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19330momand,d,"{""minimum-quantity"":""1"",""path"":""chap3mar201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:3 (30-36): Momentum And Divergence by Martin J. Pring"",""caption-linebreaks"":""Why Do Divergences Need To Be Confirmed By Price?\nMomentum And Divergence
Trading momentum requires several levels of perception.\nTake a look at its divergence with price. by Martin J. Pring
It is a fact that the term momentum\nis a generic one encompassing all\noscillators. It is also a fact that\nthere are many interpretive\nprinciples, most of which are\ncommon to all momentum series\nin one way or another.\nDivergence from price action is\na key principle.
When using momentum with\nthe overbought/oversold concept, I assumed that the price and\nmomentum peaked and troughed more or less simultaneously.\nThat is not often the case. Equally likely is the possibility that\nthe oscillator will turn ahead of the price. In this instance, the\nmomentum indicator graphically measures the acceleration or\ndeceleration of a price move."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-3-30-36-momentum-and-divergence-by-martin-j-pring-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-3-30-36-momentum-and-divergence-by-martin-j-pring-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-3-30-36-momentum-and-divergence-by-martin-j-pring-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19338codcan,d,"{""minimum-quantity"":""1"",""path"":""chap3mar201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:3 (38-44): Coding Candlesticks (II) by Viktor Likhovidov"",""caption-linebreaks"":""Analyzing Candlesticks Quantitatively\nCoding Candlesticks (II)
Few charting innovations have become\nso widely accepted in the US since\ntheir introduction from Japan as\ncandlesticks. Until Viktor Likhovidov’s\narticle in the November 1999 issue of\nSTOCKS & COMMODITIES, their\ninterpretation was subjective. In his\narticle, however, he showed how to\ndevelop quantitative values for\ncandlesticks — values that could be\nused in software to create indicators\nfor trading. His proposal did draw one\ncritique, from Jan W.E. Roberts (see\n“Letters to the Editor”). We thought\nthe results of their exchange and\nLikhovidov’s Excel spreadsheet for\ncoding would be valuable for our\nreaders to study.
by Viktor Likhovidov
Jan W.E. Roberts’s letter\n(see page 10) questioned\nthe quantitative approach\nto candlestick charting that\nI described in the\nNovember 1999 S&C. The issues that\nhe brought up deserve discussion that\ncould help readers to better understand\nthe basis and possible application of\nmy method.
My idea of assigning a numeric value\nto a single candlestick is based on the\nprinciple that the relationship between\nopening and closing prices is the most\nimportant for interpretation of the\ncandle. So in construction of the\nquantitative characteristic of a candle,\nI took these prices into account as the\nmain factor."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-3-38-44-coding-candlesticks-ii-by-viktor-likhovidov-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-3-38-44-coding-candlesticks-ii-by-viktor-likhovidov-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-3-38-44-coding-candlesticks-ii-by-viktor-likhovidov-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19342sidhow,d,"{""minimum-quantity"":""1"",""path"":""chap3mar201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:3 (42): Sidebar: How to code a candlestick by Viktor Likhovidov"",""caption-linebreaks"":""HOW TO CODE A CANDLESTICK\nby Viktor Likhovidov
Here’s how to create a numerical value that describes the\nimport of a given candlestick. Once you understand the\nbinary structure of the code, you can rearrange things to\nyour own satisfaction."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-3-42-sidebar-how-to-code-a-candlestick-by-viktor-likhovidov-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-3-42-sidebar-how-to-code-a-candlestick-by-viktor-likhovidov-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-3-42-sidebar-how-to-code-a-candlestick-by-viktor-likhovidov-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19346lontra,d,"{""minimum-quantity"":""1"",""path"":""chap3mar201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:3 (46-48): Long-Term Trading With Swiss Francs by Andre Zupans"",""caption-linebreaks"":""Using Paper And Pencil (Hey, It Still Works!)\nLong-Term Trading\nWith Swiss Francs
Didn’t you love that little cotton trade we showed you back in\nMay 2000? Want to try again with Swiss francs? Here’s your\nchance.
by Andre Zupans
In the May 2000 STOCKS & COMMODITIES,\nI presented a long-term commodity trading\ntechnique. At that time, cotton offered a\ngreat long-term trading setup. A weekly\npoint & figure close of 5500 in January\n2000 had issued a buy signal. The 5500\ncalls six months out were bought at about\n3.00, or $1,500 per call. In March, cotton\nreached about 6300, sending the calls to\naround 9.00, or $4,500 per call (Figure 1). Note the 5500\nbreakout. A sharp move to over the 6300 level produced a\nwinning trade. My conclusion was that a long-lasting bull\nmove in cotton was likely."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-3-46-48-long-term-trading-with-swiss-francs-by-andre-zupans-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-3-46-48-long-term-trading-with-swiss-francs-by-andre-zupans-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-3-46-48-long-term-trading-with-swiss-francs-by-andre-zupans-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19352waitfo,d,"{""minimum-quantity"":""1"",""path"":""chap3mar201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:3 (52-56): Waiting For Market Time by Jayant Sathe and Jayanthi Gopalakrishnan"",""caption-linebreaks"":""At Mercy Of The Sun\nWaiting For Market Time
Traders use everything under the sun — and even the sun\nitself — to time their trades.\nby Jayant Sathe and Jayanthi Gopalakrishnan
Traders pay a great deal of attention\nto the trading activity seen during\nthe first hour of the session in any\ngiven market. Many traders, in fact,\nfeel more comfortable waiting for\nthe markets to settle before placing\ntheir first trade for the day.\nTypically, most traders wait for\nhalf an hour before entering the\nmarket. Because of this, several systems have been developed\nthat focus on beginning to trade after the market has been\nopen for at least half an hour."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-3-52-56-waiting-for-market-time-by-jayant-sathe-and-jayanthi-gopalakrishnan-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-3-52-56-waiting-for-market-time-by-jayant-sathe-and-jayanthi-gopalakrishnan-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-3-52-56-waiting-for-market-time-by-jayant-sathe-and-jayanthi-gopalakrishnan-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19357profst,d,"{""minimum-quantity"":""1"",""path"":""chap3mar201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:3 (57-60): Professional Stock Trading by Don Bright"",""caption-linebreaks"":""Is It For You?\nProfessional Stock Trading
\nWhat it is, what it is not, and how to make the leap!\nby Don Bright
The term professional is sorely overused\nthese days. What does it really mean?\nWhen it comes to stock trading, the\nanswer is actually quite simple. A\nprofessional trader does not trade as a\nretail customer of a brokerage. The\ndistinction, and all the inherent benefits, often make the\ndifference between long-term financial success and failure.\nPlease don’t misinterpret what I am saying: I am not\nsaying the difference is “professional vs. amateur” — I am\nsaying “professional vs. retail.”"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-3-57-60-professional-stock-trading-by-don-bright-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-3-57-60-professional-stock-trading-by-don-bright-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-3-57-60-professional-stock-trading-by-don-bright-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19364ininch,d,"{""minimum-quantity"":""1"",""path"":""chap3mar201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:3 (64-77): Interview: Investing Champion Mark Cook by John Sweeney"",""caption-linebreaks"":""From Sun Up To Sun Down
Interview: Investing Champion Mark Cook by John Sweeney
Mark D. Cook first won fame as a trader in 1989 when he\nfinished second in the US Investing Championship. By 1992,\nhe had shifted to options and racked up large three-digit\npercentage returns en route to winning the championship.\nSince then, he’s turned to the Standard & Poor’s 500 index\nand Nasdaq for daytrading, while keeping the options and stocks for intermediate- and longer-term trading. Nowadays,\nhe’s in the market to pay for his Ohio farm and his company’s\noperating expenses, not to mention room and board. STOCKS\n& COMMODITIES Interim Editor John Sweeney caught up with\nCook via telephone as winter was closing in on Ohio in\nDecember 2000."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-3-64-77-interview-investing-champion-mark-cook-by-john-sweeney-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-3-64-77-interview-investing-champion-mark-cook-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-3-64-77-interview-investing-champion-mark-cook-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19382qabydo,d,"{""minimum-quantity"":""1"",""path"":""chap3mar201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:3 (82-84): Q&A by Don Bright"",""caption-linebreaks"":""ARBITRAGE
What is the difference between agency\ntrading and market making?\nAlso, is it possible to arb a large-cap\nCanadian stock such as Nortel (NT) for\nprice discrepancies between the New\nYork (NYSE) and the Toronto stock\nexchanges (TSE), or the Nasdaq and the\nTSE? A lot of times, I notice that they\nclose at different prices after you factor\nin the exchange rate. Would it be possible\nto set this up at Bright Trading? I assume\nyou would have to access two different\naccounts — one in Canadian funds that\ngives you professional access to the TSE,\nand one in US funds that has access to\nSuperDOT. — C.A.V., via e-mail
Agency traders (proprietary traders)\nare not required to make a market in any\ngiven security, and usually trade without\norder flow (orders from customers).\nMarket-making firms usually rely on\ntheir customers’ orders to make money.\nFor example, they may buy from a\ncustomer’s market order at $51, and\nthen sell to another customer’s market\norder at $511/2. ...Continuded"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-3-82-84-q-a-by-don-bright-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-3-82-84-q-a-by-don-bright-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-3-82-84-q-a-by-don-bright-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19389tradti,d,"{""minimum-quantity"":""1"",""path"":""chap3mar201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:3 (89-92): Traders’ Tips"",""caption-linebreaks"":""• METASTOCK FOR WINDOWS
In my article in this issue, “Coding Candlesticks (II),” I\ncontinue with a discussion of my method for quantitatively\nanalyzing candlestick charts, a discussion I began in the\nNovember 1999 issue of STOCKS & COMMODITIES with my\noriginal article, “Coding Candlesticks.” My approach is to\nassign values to each candlestick, so that candlestick charting\nwill lend itself better to analysis with indicators, pattern\nrecognition, and trading systems.
Here is the code for the CandleWeight indicator I discuss\nin this month’s article."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-3-89-92-traders-tips-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-3-89-92-traders-tips-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-3-89-92-traders-tips-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19410lettos,d,"{""minimum-quantity"":""1"",""path"":""chap4ap201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:4 (10-19): Letters To S&C"",""caption-linebreaks"":""PRAISE FOR EHLERS
Editor,\nI have subscribed to\nSTOCKS &\nCOMMODITIES for\nseveral years. It is no\nexaggeration to say I\nlearn new and useful\nthings from every\nissue. Many of the things I've learned\nare included in the consistently\nprofitable trading method I have\ncoalesced.
I first learned about the work of John\nEhlers from his articles in S&C. Over\nthe past year or so, I have studied and\nexperimented with the various modifications\nand applications of the Hilbert\ntransform/dominant cycle period as put\nforth by Ehlers. I have become as big a\nfan of him as I am of S&C.\n...continuded"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-4-10-19-letters-to-s-c-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-4-10-19-letters-to-s-c-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-4-10-19-letters-to-s-c-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19420qabydo,d,"{""minimum-quantity"":""1"",""path"":""chap4ap201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:4 (20-24): Q&A by Don Bright"",""caption-linebreaks"":""NEW TO OPTIONS
I am new to options, although I have\nbeen trading stocks for several years.\nDoes the technical analysis I use in\nstocks also apply to options? Do I need\nto change anything (such as the\nparameters of MACDÝ, RSIÝ, and DMIÝ)\nto adapt to the options market? Do you\nknow of any website that provides charts\nof options?
— Richard Wilson, via e-mail\nTrading options is a completely\ndifferent animal. My brother Bob and I\nspent more than a decade on various option\nexchanges (CBOE, PSE, CME), and we\nwere around during the glory years. I say\n“glory years” because we were able to\ngain a tremendous edge by using our\ntheoretical models. These models are\nbased on historical volatility of the\nunderlying security and interest rates.\n...continuded"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-4-20-24-q-a-by-don-bright-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-4-20-24-q-a-by-don-bright-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-4-20-24-q-a-by-don-bright-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19425nonehf,d,"{""minimum-quantity"":""1"",""path"":""chap4ap201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:4 (25-34): Nonlinear Ehlers Filters by John F. Ehlers"",""caption-linebreaks"":""What If Linear Filters Won’t Work For Your Tradable?\nNonlinear Ehlers Filters
Linear filters like moving averages\nare great for slow, “stationary” data.\nUnfortunately, prices aren’t slow or\nstationary.
By John Ehlers
The most common filters\nthat traders use are\nmoving averages —\neither simple moving\naverages (SMA) or\nexponential moving\naverages (EMA). These\nare linear filters. Linear filters are\nbest for smoothing stationary, slowly\nvarying signals that are corrupted\nwith high-frequency noise. In this\ninstance, “stationary” means that the\nrules that dictate the underlying\nprocess do not change and remain\nstable; the underlying process that\ngenerates prices doesn’t change.\nUnfortunately, price data is not\nstationary most of the time."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-4-25-34-nonlinear-ehlers-filters-by-john-f-ehlers-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-4-25-34-nonlinear-ehlers-filters-by-john-f-ehlers-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-4-25-34-nonlinear-ehlers-filters-by-john-f-ehlers-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19428sidtwo,d,"{""minimum-quantity"":""1"",""path"":""chap4ap201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:4 (28): Sidebar: Two types of filters by John F. Ehlers"",""caption-linebreaks"":""TWO TYPES OF FILTERS"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-4-28-sidebar-two-types-of-filters-by-john-f-ehlers-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-4-28-sidebar-two-types-of-filters-by-john-f-ehlers-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-4-28-sidebar-two-types-of-filters-by-john-f-ehlers-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19432sidada,d,"{""minimum-quantity"":""1"",""path"":""chap4ap201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:4 (32): Sidebar: Adaptive averages by John F. Ehlers"",""caption-linebreaks"":""ADAPTIVE AVERAGES\nKaufman’s adaptive moving average (KAMA)"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-4-32-sidebar-adaptive-averages-by-john-f-ehlers-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-4-32-sidebar-adaptive-averages-by-john-f-ehlers-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-4-32-sidebar-adaptive-averages-by-john-f-ehlers-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19436higpoi,d,"{""minimum-quantity"":""1"",""path"":""chap4ap201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:4 (36-41): High-Probability Point And Figure by Joe Demkovich"",""caption-linebreaks"":""The Basics And Tactics Of A Western Classic\nHigh-Probability\nPoint And Figure
If you want buy and sell signals from a charting system, point\nand figure charting may be for you.\nby Joe Demkovich
When you purchase stock in a company,\nyou must make two decisions. The first:\nWhich stock should I buy? (That’s\nfundamental analysis.) The second:\nWhen should I buy it? (That’s technical\nanalysis.) The fundamental analyst is\nconcerned with financial statements,\ncompany history, management, earnings, dividends, industry\nposition, and product popularity. The technical analyst is\nconcerned with supply and demand, accumulation, and\ndistribution. Most stocks have substantial price moves at one\ntime or another. Before a stock price goes up, it usually goes\nthrough a period of accumulation, and before the price goes\ndown, it usually goes through a period of distribution. Point\nand figure (PNF) displays highlight this behavior."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-4-36-41-high-probability-point-and-figure-by-joe-demkovich-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-4-36-41-high-probability-point-and-figure-by-joe-demkovich-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-4-36-41-high-probability-point-and-figure-by-joe-demkovich-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19440sidpoi,d,"{""minimum-quantity"":""1"",""path"":""chap4ap201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:4 (40): Sidebar: Point and figure technique by Joe Demkovich"",""caption-linebreaks"":""POINT & FIGURE TECHNIQUE"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-4-40-sidebar-point-and-figure-technique-by-joe-demkovich-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-4-40-sidebar-point-and-figure-technique-by-joe-demkovich-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-4-40-sidebar-point-and-figure-technique-by-joe-demkovich-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19442antren,d,"{""minimum-quantity"":""1"",""path"":""chap4ap201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:4 (42-50): Analyzing Trends In Momentum by Martin J. Pring"",""caption-linebreaks"":""Quo Vadis?\nAnalyzing Trends\nIn Momentum
Momentum pure and simple is fine, but how\nabout the trend of momentum? Here’s what\nit can tell you.\nby Martin J. Pring
Momentum is a generic\nterm that applies to all\noscillators, and the\nprinciples of momentum\ninterpretation can in\ngeneral be applied to all\noscillators in one way or\nanother. These interpretations are\nsusceptible to overbought/oversold\nconditions, divergences, and so forth.\nHowever, there is an even more useful\ninterpretive technique that can be applied to\nmomentum, and that is to analyze the actual\ntrend of the oscillator.
First, it is important to understand that\nmomentum, just like price, moves in trends.\nThis means that the trend-determining\ntechniques used in price trend analysis work\njust as well with momentum trends. Even so,\nwe must bear in mind that a reversal in the\ntrend in momentum is usually, but not always,\nassociated with a similar reversal in the\nprice itself. Here are some trend-reversal\ntechniques that can help you get a better fix\non using momentum interpretation for\ngreater profits."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-4-42-50-analyzing-trends-in-momentum-by-martin-j-pring-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-4-42-50-analyzing-trends-in-momentum-by-martin-j-pring-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-4-42-50-analyzing-trends-in-momentum-by-martin-j-pring-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19452butset,d,"{""minimum-quantity"":""1"",""path"":""chap4ap201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:4 (52-56): The Butterfly Setup by Rudy Teseo"",""caption-linebreaks"":""Pinpoint This Pattern\nThe Butterfly\nSetup
There’s more than one way to use harmonic\npatterns to find likely buy/sell candidates.\nby Rudy Teseo
If you’ve looked for Gartley patterns\nwhile scrolling through your charts,\nit’s more than likely that you’ve\ndiscovered some patterns that resemble\nthe Gartley but slant downward rather\nthan upward, the way that the Gartley\nsetup does. This pattern — sort of\nGartley, sort of not — is known as the butterfly. Like the\nGartley, it comes in two forms, bullish and bearish.
The bullish butterfly is similar to the Gartley. However,\nalthough the same ratios are used as the Gartley setup — 61.8,\n78.6, 1.27, and 1.618 — they occur at different parts of the\npattern. This results in a point D that is lower than point X, as\ncan be seen in Figure 1. But I should note that this is an ideal\npattern; not all ratios will match the ideal in the real world,\neven though the pattern is a legitimate butterfly."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-4-52-56-the-butterfly-setup-by-rudy-teseo-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-4-52-56-the-butterfly-setup-by-rudy-teseo-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-4-52-56-the-butterfly-setup-by-rudy-teseo-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19464rettra,d,"{""minimum-quantity"":""1"",""path"":""chap4ap201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:4 (64-66): Retail Trading Myths by Don Bright"",""caption-linebreaks"":""REAL WORLD\nRead This To Avoid Unpleasant Surprises\nRetail Trading Myths
by Don Bright
Besides being licensed, you have other hurdles\nand benefits to be aware of in trading with\nother people’s money as well as your own.
Last time, I outlined some of\nthe primary differences\nbetween professional stock\ntrading and retail stock\ntrading. This time, let’s\nexplore some of the myths\nbehind retail/online trading.\nLet me clarify a few\nthings. In general, trading for a living\ninvolves 25 to 200 trades per day, and a\ndaily share volume of around 60,000 and up.\nIn contrast, retail investing is when you\nmake five to 20 trades per week. Investing\nonline is fine, and is actually the preferred\nway to get into or out of a particular stock.\nHowever — and this is an important\ndistinction — investing is not trading.\nInvestors try to get a good return on their\ninvestment dollars and try to outperform the\nmarket. Traders make money trading based\non their skills, efforts, and time."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-4-64-66-retail-trading-myths-by-don-bright-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-4-64-66-retail-trading-myths-by-don-bright-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-4-64-66-retail-trading-myths-by-don-bright-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1946782trad,d,"{""minimum-quantity"":""1"",""path"":""chap4ap201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:4 (67-69, 82-84): Traders’ Tips"",""caption-linebreaks"":""• TRADESTATION EASYLANGUAGE
Here is some EasyLanguage code I developed to compute the\nfilters presented in my article in this issue, \""Nonlinear Ehlers\nFilters.\"" First is the code for the nonlinear Ehlers filter...continuded"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-4-67-69-82-84-traders-tips-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-4-67-69-82-84-traders-tips-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-4-67-69-82-84-traders-tips-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19470invicb,d,"{""minimum-quantity"":""1"",""path"":""chap4ap201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:4 (70-80): Interview: Victor B. Niederhoffer by John Sweeney"",""caption-linebreaks"":""Music of the Markets - Victor B. Niederhoffer
Trader, speculator, author, and more. The name may be\nfamiliar, but there’s more to the man than just finance. Victor\nNiederhoffer has served as advisor to, and investor for,\nfamed investor George Soros and as mentor to Monroe Trout\nand other financial wizards. More: Niederhoffer is also a\nfive-time US national squash champion. More: Among his\npublication credits are articles in Liberty and The Wall\nStreet Journal, a cover story in National Review exposing\nHillary Clinton’s cattle trading as a façade, and his book,\nThe Education Of A Speculator.
Victor B. Niederhoffer received his undergraduate degree from Harvard and earned his doctorate in finance from the\nUniversity of Chicago. An active speculator on a large scale\nfor the past 30 years, he now operates as a private investor\nspecializing in trading options and futures on individual\nstocks and market indices. He writes a daily column at\nWorldly Investor (www.worldlyinvestor.com) and a weekly\ncolumn at moneycentral.msn.com with Laurel Kenner.\nSTOCKS & COMMODITIES Interim Editor John Sweeney\nmanaged to talk Niederhoffer into doing an interview, and on\nJanuary 23, 2001, they chatted, via telephone."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-4-70-80-interview-victor-b-niederhoffer-by-john-sweeney-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-4-70-80-interview-victor-b-niederhoffer-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-4-70-80-interview-victor-b-niederhoffer-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19486tradre,d,"{""minimum-quantity"":""1"",""path"":""chap4ap201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:4 (86-93): Traders’ Resource: Courses And Seminars"",""caption-linebreaks"":""Courses And Seminars
They say that the more you learn, the\nmore you know you need to learn. This\nis true in trading. If you’re not fully\nprepared when you go to trade, you\ncould be the one that the smart money\nprofits from.\nEducation is crucial in trading. If you\ndon’t step up to the line with the right tools and know-how to trade the markets, you might as well\nbe gambling — with the odds on the house’s side. But help is available, in the way of courses, seminars, classes, manuals,\nbooks, tutorials, even mentors.\nReaders often ask us how they can further their knowledge\nand skills in trading (that is, in addition to reading STOCKS &\nCOMMODITIES!). Some readers write us asking about certification\nor degree programs in technical analysis, some want a\nschedule of upcoming seminars and conferences, and others\nseek personalized counsel or tutoring. Well, here it is — your\nresource for current and upcoming courses and seminars. It’s\nthis month’s Traders’ Resource."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-4-86-93-traders-resource-courses-and-seminars-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-4-86-93-traders-resource-courses-and-seminars-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-4-86-93-traders-resource-courses-and-seminars-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19516relper,d,"{""minimum-quantity"":""1"",""path"":""chap5may201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:5 (16-24): Relative Performance Charting by Phil Doyle"",""caption-linebreaks"":""Changing Your Market Perspective Relative Performance\nCharting
There’s always a hot sector, but it’s\nnot always obvious where it is.\nHere’s a quick, visual way to find it. by Phil Doyle
Relative performance\ncharting compares the\nrate of price change of\ntwo or more tradable\ninstruments. Its purpose\nis to point out what’s hot and what’s\ncold, so you can focus on the best\naction.
A broad range of names are\napplied to relative performance\ncharts (RPC): relative strength\ncharts, rebased charts, dollar-growth\ncharts, and performance charts.\nThey are all variations on the same\ntheme. Although this methodology\nhas long been popular among\nportfolio and money managers, it is\nonly recently starting to gain\npopularity on trading floors, as\ntraders discover that relative\nperformance charts are well\nsuited to short- as well as\nlong-term trading horizons."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-5-16-24-relative-performance-charting-by-phil-doyle-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-5-16-24-relative-performance-charting-by-phil-doyle-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-5-16-24-relative-performance-charting-by-phil-doyle-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19519sidcre,d,"{""minimum-quantity"":""1"",""path"":""chap5may201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:5 (19): Sidebar: Creating relative performance charts in Excel by Phil Doyle"",""caption-linebreaks"":""CREATING RELATIVE PERFORMANCE\nCHARTS IN EXCEL"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-5-19-sidebar-creating-relative-performance-charts-in-excel-by-phil-doyle-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-5-19-sidebar-creating-relative-performance-charts-in-excel-by-phil-doyle-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-5-19-sidebar-creating-relative-performance-charts-in-excel-by-phil-doyle-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19526tradop,d,"{""minimum-quantity"":""1"",""path"":""chap5may201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:5 (26-30): Trade The Opening’s Reaction by Perry R. Stevens, MD, MBA"",""caption-linebreaks"":""The Early Bird Does Get The Worm\nTrade The Opening’s Reaction
Here’s a simple, profitable trade you can make\nduring the opening 30 minutes of the market.\nby Perry R. Stevens, MD, MBA
The first 15 to 30 minutes after the\nstock market opens are usually\nthe most volatile and the trickiest\ntime of the day to make a trade.\nDuring this period, traders and\ninvestors alike are sizing up the\nmarket and eyeing specific stocks\nto buy or trade and may even take action. Any\nnews that has come out since the market’s close\nof the previous session or prior to the opening has\nbeen digested and interpreted. Analysts are\nupgrading and downgrading, and the talking heads\non the financial news shows are also weighing in\nwith their comments. In short, the opening minutes\nof the market can be volatile, and for this reason,\nmany traders prefer to sit back and wait until a\ntrend develops."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-5-26-30-trade-the-opening-s-reaction-by-perry-r-stevens-md-mba-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-5-26-30-trade-the-opening-s-reaction-by-perry-r-stevens-md-mba-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-5-26-30-trade-the-opening-s-reaction-by-perry-r-stevens-md-mba-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19532seasin,d,"{""minimum-quantity"":""1"",""path"":""chap5may201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:5 (32-33): Seasons In Soybeans by Scott Barrie"",""caption-linebreaks"":""Tracking Risk Premium\nSeasons In Soybeans
Year after year, the Earth turns around its axis, producing\ntrading opportunities you can exploit with technical tools.\nby Scott Barrie
Seasonality and technical analysis can be a\npowerful combination. Traders who\nunderstand the natural supply and demand\ncycles in the commodities markets can\nanticipate market turns more precisely, helping\nthem isolate good trading situations and avoid poor ones. Here’s a practical application: tracking risk\npremium in the soybean market.
Soybean prices change based on the perception of future\nsupply. The amount of change is called risk premium.\nWhen future supply is perceived to be limited, futures\nmarkets tend to build risk premium into prices; thus, prices\nare higher than would be expected based on present supply\nand usage patterns. As the perception of future supply\nbecomes clearer, prices return to a lower level more\nconsistent with supply and usage patterns."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-5-32-33-seasons-in-soybeans-by-scott-barrie-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-5-32-33-seasons-in-soybeans-by-scott-barrie-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-5-32-33-seasons-in-soybeans-by-scott-barrie-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19534screen,d,"{""minimum-quantity"":""1"",""path"":""chap5may201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:5 (34-38): Screening For Misvalued Stocks by Martti Luoma and Reijo Ruuhela"",""caption-linebreaks"":""Valuing A Stock Using Earnback Periods\nScreening For\nMisvalued Stocks
by Martti Luoma and Reijo Ruuhela
You won’t get an edge on finding good trades using\nthe same tools everyone uses. Here’s a new look at\nfinding misvalued stocks.
T\nhe price/earnings ratio (P/E) is\nundoubtedly the most common\nvaluation measure of a stock, and\nalso the most commonly misused.\nP/E combines outside information\n(price) and inside information\n(earnings). Because of the central roles that price\nand earnings play, it is not particularly surprising\nthat the use of P/E is so popular among analysts\nand investors.
It is well known that stocks should have as near\nto the same growth rate as possible when they are\ncompared using P/E, because the valuation of a\nstock is not a matter of analyzing only a single\nyear’s earnings. Unfortunately, it is often\nnecessary to compare stocks with different growth\nrates. As a measure of valuation, however, P/E\nneglects different growth rates of earnings."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-5-34-38-screening-for-misvalued-stocks-by-martti-luoma-and-reijo-ruuhela-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-5-34-38-screening-for-misvalued-stocks-by-martti-luoma-and-reijo-ruuhela-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-5-34-38-screening-for-misvalued-stocks-by-martti-luoma-and-reijo-ruuhela-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19535ebpcom,d,"{""minimum-quantity"":""1"",""path"":""chap5may201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:5 (35): EBP computation by Martti Luoma and Reijo Ruuhela"",""caption-linebreaks"":""EBP COMPUTATION"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-5-35-ebp-computation-by-martti-luoma-and-reijo-ruuhela-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-5-35-ebp-computation-by-martti-luoma-and-reijo-ruuhela-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-5-35-ebp-computation-by-martti-luoma-and-reijo-ruuhela-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19540opcred,d,"{""minimum-quantity"":""1"",""path"":""chap5may201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:5 (40-46): Option Credit Spreads by Lee Lowell"",""caption-linebreaks"":""Limited Risk With Limited Profit\nOption Credit Spreads
Selling options is usually a good idea. Here’s a\ntactic to do it.\nby Lee Lowell
Option trading all comes down\nto probability of profit.\nStatistically, option sellers\nalways have a better chance of\nprofiting. It’s true that when\nyou sell options your profit is\nlimited, but your chances of walking away\nwith that profit are high. The reverse is true for\noption buyers. Their potential profit is\nlimitless, but the odds of achieving that profit\nare very small, especially with out-of-themoneyÝ\noptions.
Why not put the odds of success on your side\nand learn how to become a smart option seller?\nNaked (uncovered) option selling entails\nunlimited risk and limited profit, but there is a\nstrategy of option selling that has limited risk as\nwell as limited profit. It’s called a credit spread."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-5-40-46-option-credit-spreads-by-lee-lowell-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-5-40-46-option-credit-spreads-by-lee-lowell-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-5-40-46-option-credit-spreads-by-lee-lowell-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19548volavp,d,"{""minimum-quantity"":""1"",""path"":""chap5may201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:5 (48-56): Volume-Weighted Average Price by George Reyna"",""caption-linebreaks"":""For Support And Resistance\nVolume-Weighted\nAverage Price
Here’s how to use VWAP with the Midas indicators.\nby George Reyna
Successful traders know how\nimportant it is to evaluate volume\nbefore taking a position in the\nmarket. This concept has been\nmuch discussed, but\nunderstanding the relationship of\nprice behavior and volume is\nusually an intuitive exercise.\nLong-term success is based on\nexperience level and seasoned\njudgment. On the other hand, volume-weighted average price\n(VWAP) calculations can create powerful indicators that\ngraphically represent the interaction between price and volume\non one chart. This makes it easier to get a feel for market\npsychology and spot potential major reversals."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-5-48-56-volume-weighted-average-price-by-george-reyna-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-5-48-56-volume-weighted-average-price-by-george-reyna-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-5-48-56-volume-weighted-average-price-by-george-reyna-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19556sidmid,d,"{""minimum-quantity"":""1"",""path"":""chap5may201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:5 (56): Sidebar: Midas support and resistance by George Reyna"",""caption-linebreaks"":""MIDAS SUPPORT AND RESISTANCE"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-5-56-sidebar-midas-support-and-resistance-by-george-reyna-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-5-56-sidebar-midas-support-and-resistance-by-george-reyna-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-5-56-sidebar-midas-support-and-resistance-by-george-reyna-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19557insame,d,"{""minimum-quantity"":""1"",""path"":""chap5may201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:5 (57-65): Interview: Samuel Eisenstadt Of Value Line by David Penn and John Sweeney"",""caption-linebreaks"":""Disproving The Efficient Market Theory
Samuel Eisenstadt Of Value Line
For more than 50 years, Samuel Eisenstadt has been one of\nthe major reasons for the phenomenal success of Value Line,\nInc., developers of the Value Line Ranking System. Eisenstadt\nis research chairman, senior vice president, and a director of\nthe company, and his primary areas of responsibility include\nthe application of various quantitative methods to securities\nvaluation and forecasting. A frequent lecturer on Value Line\ntechniques to business school audiences and financial analyst\nsocieties, Eisenstadt has successfully debated prominent efficient market proponents and was a pioneer in challenging\ntheir thesis that the markets could not be beaten.
Staff Writer David Penn interviewed Eisenstadt on October\n16, 2000. This interview first ran in the January/February\nissue of Working Money, The Investors’ Magazine, our\ncompanion publication. On February 14, 2001, STOCKS &\nCOMMODITIES Interim Editor John Sweeney updated the\ninterview."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-5-57-65-interview-samuel-eisenstadt-of-value-line-by-david-penn-and-john-sweeney-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-5-57-65-interview-samuel-eisenstadt-of-value-line-by-david-penn-and-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-5-57-65-interview-samuel-eisenstadt-of-value-line-by-david-penn-and-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1956673trad,d,"{""minimum-quantity"":""1"",""path"":""chap5may201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:5 (66-69, 73-76): Traders’ Tips"",""caption-linebreaks"":""• TRADESTATION EASYLANGUAGE
“Relative Performance Charting” by Phil Doyle in this issue\npresents a technique for comparing the rate of price change of\ntwo or more tradable instruments. The purpose is to help find\nthe sectors with the best trading opportunities.\nRelative performance charting is a built-in feature in\nTradeStation Pro. After opening a standard linear-scale bar\nchart, enable Percent Change Charting via the Format Window\ndialog. This will change the chart to a Percent Change Chart.\nYou can then add additional securities to the same chart for\ncomparison purposes via the Insert Symbol dialog.
—Ramesh Dhingra, Product Manager, EasyLanguage\nTradeStation Technologies, Inc. (formerly Omega Research, Inc.)\nA wholly owned subsidiary of TradeStation Group, Inc.\nhttp://www.TradeStation.com"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-5-66-69-73-76-traders-tips-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-5-66-69-73-76-traders-tips-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-5-66-69-73-76-traders-tips-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v195814letto,d,"{""minimum-quantity"":""1"",""path"":""chap5may201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:5 (8-14): Letters To S&C"",""caption-linebreaks"":""CLARIFICATION, NOT CRITICISM
Editor,\nI was shocked to learn\nthat an S&C reader\ninterpreted my letter to the\neditor in the February 2001\nSTOCKS & COMMODITIES\n(“Phasor Displays”) as a\ncriticism of John Ehlers. I have so many\nfaults that I have a personal rule never to\ncriticize any person.
My letter was an appeal for help, not\na criticism. Ehlers’s articles show\nbrilliance, but I’m frustrated because\nthey go over my head. (Perhaps, as my\nwife reminds me, an idea goes in one of\nmy ears and out the other — with nothing\nto stop it.)
If I say that I don’t understand\nEinstein’s writings (and I don’t), this is\ncertainly not a criticism of Einstein!\nARTHUR MERRILL\nHaverford, PA
We’ll admit that John Ehlers’s articles,\nsuch as “Phasor Displays” in the\nDecember 2000 S&C and “Nonlinear\nEhlers Filters” in the April 2001 S&C,\nare innovative yet challenging. We\nappreciate the feedback we receive from\nyou, Art, and our other readers.
Note to readers: More than 50 articles\nby Arthur Merrill have been published\nover the years in Technical Analysis of\nSTOCKS & COMMODITIES magazine.\nMerrill — modest though he is — has\nexpertise in statistically quantifying\ntechnical analysis concepts; is the\nauthor of several books, including\nBehavior Of Prices On Wall Street and\nFiltered Waves, Basic Theory; and is\nformer editor of the Technical Trends\nnewsletter.—Editor"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-5-8-14-letters-to-s-c-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-5-8-14-letters-to-s-c-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-5-8-14-letters-to-s-c-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19583qabydo,d,"{""minimum-quantity"":""1"",""path"":""chap5may201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:5 (83): Q&A by Don Bright"",""caption-linebreaks"":""EXIT SIGNALS
I always believe that entry signals for\ntrading are not so important compared\nwith exit signals. Both “cut your loss”\nand “ride your profit” strategies are\nexit signals. What’s a good strategy in\nterms of profit-taking signals? What\ncriteria should I adopt in profit-taking\nmode?— K.M. Lim, via e-mail
We try our best to teach our traders to\nread the tape for both entry and exit\npoints. Since we may go in and out of\nthe same stock many times each day, we\nuse minor intraday changes in our\nindicators for both entries and exits.\nSometimes the best exit is actually a\nsmall loss (cutting losses, as you\nmentioned). As far as taking profits is\nconcerned, we use the same criteria,\nsuch as a rolling over of the Spoo\n(Standard & Poor’s 500 futures) or a\ndownturn in the trading sector index.\nMany times we buy a stock at, say, 51,\nsell it at 51.50 (it may downtick to 51.25\nor so), buy it back for the upturn, and\nrepeat this process.\n...continuded"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-5-83-q-a-by-don-bright-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-5-83-q-a-by-don-bright-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-5-83-q-a-by-don-bright-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19594tradre,d,"{""minimum-quantity"":""1"",""path"":""chap5may201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:5 (94-97): Traders’ Resource: Exchanges"",""caption-linebreaks"":""With the explosion of exchanges around\nthe world and the increasing poaching\nof products between exchanges, traders\nshould be aware of all the places where\ntrading opportunities occur. No longer\nbound by national borders or even\nphysical locations, exchanges can be no\nmore than a box in the corner of an office. Differentiation comes in the form of product, volume,\nspeed, pricing, and investor protections.
Look for an exchange with extensive trade documentation so that disputes can be resolved quickly and with quick\nreference to events. Since more and more alternatives are\nrapidly becoming available, don’t be afraid to direct your\nbusiness to the exchange of your choice. The plethora of\ninvestor choice is forcing a rapid decline in transaction costs\nalready, and exchange monopolies are a thing of the past.
Use the listing presented here to find the websites of the\nexchanges handling your tradable, then go to the site to get the\nspecifics of the trading vehicle. Better yet, get several\nequivalent products at several exchanges and be sure your\nbroker can direct your business to the venue of your choice."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-5-94-97-traders-resource-exchanges-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-5-94-97-traders-resource-exchanges-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-5-94-97-traders-resource-exchanges-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19610let,d,"{""minimum-quantity"":""1"",""path"":""chap6jun201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:6 (10-19): Letters"",""caption-linebreaks"":""LETTERS TO S&C
MARK D. COOK: SIMPLE WISDOM
Editor,
Your interview with Mark D. Cook in the March 2001 issue of STOCKS & COMMODITIES was excellent. It’s\nrefreshing to hear the views of a totally independent trader.
Many so-called experts in the investment arena have some kind of hidden agenda. By far, Cook’s greatest wisdom lies in his simplicity of approach: “Buy when\neveryone is selling and sell when everyone is buying.” This solid investing principle would have warned you of a possible top at 5,000 in the Nasdaq (now about 2,000) and of a possible bottom on the Commodity Research Bureau Index (CRB) at 185 (now about 225)."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-6-10-19-letters-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-6-10-19-letters-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-6-10-19-letters-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19620metbyr,d,"{""minimum-quantity"":""1"",""path"":""chap6jun201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:6 (20-24): MetaTrends by R.G. Boomers"",""caption-linebreaks"":""MetaTrends by R.G. Boomers
Many of the tools of technical analysis are based on an interval of time. The question that always gets asked concerning such tools is, “What is the best interval?” So\nJust when you thought you’d seen everything in charting, along comes a new idea. what is it? All intervals! That’s right, use ’em all! At the same time! The technique is known as MetaTrends, and I’ll show you how they are formed.
THE TECHNIQUE
First, plot an ordinary graph of stock prices. For my purposes here, I use the Dow Jones Industrial Average (DJIA) from 1924, but you could use any time period.
Next, below the bottom of the graph directly under the first datapoint, place some color based on whether the shortest interval under consideration is going up or down. Use shades of green for degrees of uptrend and shades of red for degrees of downtrend — that is, the steeper the trend, the brighter the shading of color. If, for example, the one-bar interval is down, put a point of red there."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-6-20-24-metatrends-by-r-g-boomers-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-6-20-24-metatrends-by-r-g-boomers-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-6-20-24-metatrends-by-r-g-boomers-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19626becpro,d,"{""minimum-quantity"":""1"",""path"":""chap6jun201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:6 (26-29): Becoming A Professional Stock Trader by Don Bright"",""caption-linebreaks"":""Becoming A Professional Stock Trader by Don Bright
Are you interested in taking the plunge? Here are some of the things that you should know.
It’s important to identify the differences between professional trading and retail trading, particularly the need for Series 7 licensing. A couple of years ago,\nthe powers that be decided that to protect both the public and professional traders, a method of distinguishing between the two had to be put into place. After much ado, the Securities and Exchange Commission (SEC) determined that an industry-wide exam would be utilized for the distinction. Recall, too, the major advantages of becoming a professional trader with a member firm of an exchange: the use of others’ capital, the elimination of ticket charges† along with the lower overall costs make it a different world\nthan is offered to the retail customer of a brokerage firm. These differences directly affect your bottom line to such an extent that in most cases it makes the difference between profit and loss (yes, most cases)."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-6-26-29-becoming-a-professional-stock-trader-by-don-bright-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-6-26-29-becoming-a-professional-stock-trader-by-don-bright-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-6-26-29-becoming-a-professional-stock-trader-by-don-bright-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19630tweakt,d,"{""minimum-quantity"":""1"",""path"":""chap6jun201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:6 (30-37): Tweaking The T3 Trading System by Steve Burns"",""caption-linebreaks"":""Tweaking The T3 Trading System by Steve Burns
Have you ever wished that your filter-based trading system adapted to shifts and nuances in data trends? You might want to take a look at this.
\nConventional averaging or filter-based trading systems have no provisions for adapting to data trend dynamics. Their fitting constants — the parameters in their formulas — are predetermined and remain constant for all data. Analysts routinely overfit these systems to past data, with resulting disappointment when the systems are used.
An alternative to the nonadaptive filter/overfitting dilemma is to incorporate dynamics into trading system-fitting parameters. An intelligent adaptive filter is one that learns from the data and adjusts parameter values.
I use an adaptive filter based on a least-squares regression fitting. The r-squared of the regression ranges from zero to 1, with zero being no success and 1 being perfect success. R-squared works well as an adaptive fitting parameter because its value is determined by the trending data. Here’s how I used it."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-6-30-37-tweaking-the-t3-trading-system-by-steve-burns-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-6-30-37-tweaking-the-t3-trading-system-by-steve-burns-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-6-30-37-tweaking-the-t3-trading-system-by-steve-burns-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19632sidtil,d,"{""minimum-quantity"":""1"",""path"":""chap6jun201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:6 (32): Sidebar: Tillson's T3 by Steve Burns"",""caption-linebreaks"":""TILLSON’S T3
Along with the actual code for Tillson's T3, this sidebar provides Excel code.
The actual formula for T3 is elaborate, the result of cubing the function
(1+a)x – ax2
where a is the percentage of amplification of the filter’s response to price movement (creator Tim Tillson calls it the “volume factor”) and x is the price smoothed using a moving average of a period you specify."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-6-32-sidebar-tillson-s-t3-by-steve-burns-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-6-32-sidebar-tillson-s-t3-by-steve-burns-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-6-32-sidebar-tillson-s-t3-by-steve-burns-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19636sidfas,d,"{""minimum-quantity"":""1"",""path"":""chap6jun201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:6 (36): Sidebar: Fast? Slow? by Steve Burns"",""caption-linebreaks"":""FAST? SLOW?
I’m an advocate of fast trading systems. The nature of stock data movement generates optimum returns from fast trades. By fast trades, I mean changing positions every one to six time periods (hours, days, weeks, and so forth). For example, sidebar Figure 2 presents the maximum profit obtainable by weekly trading of Zoom Telephonics."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-6-36-sidebar-fast-slow-by-steve-burns-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-6-36-sidebar-fast-slow-by-steve-burns-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-6-36-sidebar-fast-slow-by-steve-burns-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19638folrul,d,"{""minimum-quantity"":""1"",""path"":""chap6jun201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:6 (38-42): The Folding Rule by Viktor Likhovidov"",""caption-linebreaks"":""The Folding Rule by Viktor Likhovidov
How about a simple charting technique to ride the wave and get off in a timely manner?
Here’s a reversal pattern I frequently observe on hourly charts of currencies and sometimes use in trading. I call it the folding rule due to its resemblance to the carpenter’s tool.
This pattern appears on accelerating markets, as shown in the hourly chart of the yen for March 1999 (Figure 1). Here, trendline 1 (the first ray of the folding\nrule), drawn through two local minimums as a support line, determines the initial direction of the growing market. But then the steeper upmove started and\nsupport line 2 (ray 2) was created. Finally, a new, steeper bullish trend (ray 3) appeared. The breach of the third ray marked the end of the bullish market and\ngave the sell signal."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-6-38-42-the-folding-rule-by-viktor-likhovidov-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-6-38-42-the-folding-rule-by-viktor-likhovidov-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-6-38-42-the-folding-rule-by-viktor-likhovidov-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1964489qaby,d,"{""minimum-quantity"":""1"",""path"":""chap6jun201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:6 (44, 89): Q&A by Don Bright"",""caption-linebreaks"":""Q&A by Don Bright
TARGET PRICES: ABSURD?
How do analysts calculate the target price for a stock? — Doanh Nguyen, via e-mail
That is something the world would like to know. There was an interesting 60 Minutes segment called something like “How Did So Many Get It So Wrong?” that showed how ridiculous it is for analysts to pick price targets. The producers even interviewed Mark\nHaines of CNBC’s Squawk Box, who went into detail about a few analysts and their absurd predictions."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-6-44-89-q-a-by-don-bright-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-6-44-89-q-a-by-don-bright-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-6-44-89-q-a-by-don-bright-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19646whicvo,d,"{""minimum-quantity"":""1"",""path"":""chap6jun201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:6 (46-50): Which Volatility Measure? by Gordon Gustafson"",""caption-linebreaks"":""Which Volatility Measure? by Gordon Gustafson
Is it true? Is average true range, an approximation, superior to standard deviation, the most beloved of quants, as a measure of volatility?
Many traders use some measure of volatility to\ngenerate signals in their trading. For instance, one common entry technique is to buy when the price breaks outside a certain range of the volatility of the recent price action, either to the upside for trend following or below for countertrend systems. Another common use for volatility is in the construction of trailing stops. An exit signal might be generated when the price falls below a recent low minus a measure of volatility.
In both cases, the rationale is that the price action has moved to such an extent that something is happening in the underlying instrument for reasons other than mere chance. But how, then, should the trader\nmeasure volatility?
Ideally, the indicator used should include within its range all price action that is the result of normal trading, so if the price moves outside the measure, we would know there is a reason to buy into or sell out of a position. While this might seem obvious, there are several factors to be considered here. For instance, is a volatility indicator good simply because it captures most of the price action? How can we tell which excursions are significant? Are all volatility measures created equal?"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-6-46-50-which-volatility-measure-by-gordon-gustafson-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-6-46-50-which-volatility-measure-by-gordon-gustafson-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-6-46-50-which-volatility-measure-by-gordon-gustafson-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19652elmova,d,"{""minimum-quantity"":""1"",""path"":""chap6jun201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:6 (52-56): Elastic Moving Averages by Christian P. Fries, Ph.D."",""caption-linebreaks"":""Elastic Moving Averages by Christian P. Fries, Ph.D.
Approximating the average price paid per share can generate a very responsive moving average.
What if the period of your average fluctuated with volume? You’d have an elastic volumeweighted\nmoving average (eVWMA), a natural replacement for standard moving averages.
It’s even more natural than on first thought, since it can also be regarded as an approximation to the average price paid per share. eVWMA differs from the usual average in that:
1. It does not refer to an underlying averaging time period (for example, 20 days, 38 days, 200 days). Instead, eVWMA uses share volume to define the period of the averaging.
2. It incorporates information about volume (and possibly time) in a natural and logical way.
3. It can be derived from, and seen as an approximation to, a statistical measure and thus has a solid mathematical justification."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-6-52-56-elastic-moving-averages-by-christian-p-fries-ph-d-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-6-52-56-elastic-moving-averages-by-christian-p-fries-ph-d-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-6-52-56-elastic-moving-averages-by-christian-p-fries-ph-d-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19654sidcom,d,"{""minimum-quantity"":""1"",""path"":""chap6jun201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:6 (54): Sidebar: Computing eVWMA by Christian P. Fries, Ph.D."",""caption-linebreaks"":""Sidebar: Computing eVWMA by Christian P. Fries, Ph.D.
The sample spreadsheet in sidebar Figure 1 contains date (column C), volume (column D), opening price (column E), and closing price (column F). Cell B5\ncontains the number of shares floating (here, 1% of the total number of shares).
Since I do not have information on volume and price of each trade, I use the daily volume and closing price as an approximation. In cell G8, I enter the initial value for the eVWMA — that is, that day’s price, euro 23.10. . ."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-6-54-sidebar-computing-evwma-by-christian-p-fries-ph-d-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-6-54-sidebar-computing-evwma-by-christian-p-fries-ph-d-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-6-54-sidebar-computing-evwma-by-christian-p-fries-ph-d-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19657tradti,d,"{""minimum-quantity"":""1"",""path"":""chap6jun201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:6 (57-62): Traders’ Tips"",""caption-linebreaks"":""Traders’ Tips
This month's Traders' Tips contain TradeStation EasyLanguage, MetaStock for Windows, NeuroShell Trader, Trading Solution, Investor/RT, WealthLab, andTechnifilter Plus code for Christian Fries’s elastic volume-weighted moving average (eVWMA), described in the article “Elastic Moving Averages.”
The formulas discussed by Gordon Gustafson in his article in this issue, “Which Volatility Measure?” are given for: MetaStock 6.52 or higher, NeuroShelll Trader, AIQ TradingExpert Pro, Trading Solutions , Technifilter Plus, Investor/RT, and WaveWi$e."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-6-57-62-traders-tips-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-6-57-62-traders-tips-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-6-57-62-traders-tips-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1966474inca,d,"{""minimum-quantity"":""1"",""path"":""chap6jun201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:6 (64-67, 74-77): Interview: Carol Osler by John Sweeney"",""caption-linebreaks"":""Interview: Carol Osler by John Sweeney
Hidden away in the Federal Reserve System are entire\ndepartments of economists researching nearly every aspect of US business. In late 2000, we picked up hints of an economist who had actually taken on the definition and measurement of the concepts of technical analysis. Some sleuthing brought up Carol Osler’s name.
Osler is a senior economist in the Capital Markets Research Function of the Federal Reserve Bank of New York. Her major interest is in explaining short-run exchange rate movements. In particular, she has focused on technical trading strategies, largely because they are used so widely in the market even though they fail to fit standard academic models. She has also researched banking, corporate finance, equity prices, and the influence of speculative bubbles on real\ninvestment. Osler received her bachelor’s degree from Swarthmore College and her doctorate from Princeton University. Prior to joining the New York Fed, she taught at the Amos Tuck School of Business at Dartmouth College and the Kellogg School of Management at Northwestern University. After coming to New York, she also taught in the Columbia University Economics Department for a number of years. STOCKS & COMMODITIES Interim Editor John Sweeney caught up with Osler on March 19, 2001, to explore her work in quantifying some of technical trading’s hoariest maxims: support and resistance levels. And there was more."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-6-64-67-74-77-interview-carol-osler-by-john-sweeney-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-6-64-67-74-77-interview-carol-osler-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-6-64-67-74-77-interview-carol-osler-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19677siddet,d,"{""minimum-quantity"":""1"",""path"":""chap6jun201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:6 (77): Sidebar: Detecting Support by John Sweeney"",""caption-linebreaks"":""Sidebar: Detecting Support by John Sweeney
Suppose you want to evaluate whether support and resistance levels provided to customers by private-sector firms are useful at forecasting intraday turnaround points. Begin by calculating the frequency with which rates actually turn around at those published levels. Suppose that number, which is called the “bounce frequency,” is 64.5% for the whole sample period."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-6-77-sidebar-detecting-support-by-john-sweeney-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-6-77-sidebar-detecting-support-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-6-77-sidebar-detecting-support-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19678tradre,d,"{""minimum-quantity"":""1"",""path"":""chap6jun201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:6 (78-83): Traders’ Resource: Publications"",""caption-linebreaks"":""Traders’ Resource: Publications
Where can traders turn for market insight, trade recommendations, and education about trading and investing? These days, financial information is put out in print, on TV, and over the Internet in various formats, but there’s still nothing more readable, reliable, and researchable than a regularly published newsletter or magazine.
This month in Traders’ Resource, we present a listing of publications — printed on paper, on the World Wide Web, or delivered straight to your e-mail inbox — that may help you to improve your trading. As you can see, some publications have been around for quite a while (in fact, this magazine has been published since 1982), and they can be well worth the asking price for the information they deliver."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-6-78-83-traders-resource-publications-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-6-78-83-traders-resource-publications-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-6-78-83-traders-resource-publications-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19696broadb,d,"{""minimum-quantity"":""1"",""path"":""chap6jun201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:6 (96): Broadening Bottoms and Complex Bottoms"",""caption-linebreaks"":""Novice Trader's Notebook: Broadening Bottoms and Complex Bottoms
BROADENING BOTTOM\nThe broadening bottom is virtually the same as the broadening top, except it is reversed. Like the broadening top, the broadening bottom forms a symmetrical triangle. Although the broadening\ntop is a rare formation, the broadening bottom is even rarer.
Figure 1 shows a typical broadening bottom with three successively lower lows and two successively higher highs that combine at the end of a downward\nmove. This gives the impression of an erratic market, as the swings in both directions get wider each time. The pattern is completed when, usually on the\nthird upswing within the pattern, prices break above the prior high but fail to fall below this level again."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-6-96-broadening-bottoms-and-complex-bottoms-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-6-96-broadening-bottoms-and-complex-bottoms-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-6-96-broadening-bottoms-and-complex-bottoms-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19710lettos,d,"{""minimum-quantity"":""1"",""path"":""chap7jul201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:7 (10-14): Letters To S&C"",""caption-linebreaks"":""V. 19:7 (10-14): Letters To S&C
Editor,\nI would like to know if there is any way to learn to read charts without indicators or systems — just the open, close, high, low, and volume. and volume.\nRICARDO AIVADO, via e-mail
In addition to the above letter, this month's column answers questions on auditing backtested returns, code for ProTA Gold, S&C special subscriber area, and more on spot/cash commodity schemes."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-7-10-14-letters-to-s-c-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-7-10-14-letters-to-s-c-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-7-10-14-letters-to-s-c-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19720yourcr,d,"{""minimum-quantity"":""1"",""path"":""chap7jul201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:7 (20-24): Your Crash Potential by Wolf von Ronik"",""caption-linebreaks"":""Your Crash Potential by Wolf von Ronik
One of the fundamental realities of successful trading is the fact that the longer you can stay alive financially in the market, the greater your chance of monetary gain.
The key to improving your chance of doing so is the implementation of a sound money management policy.\nUnfortunately, many neophytes — as well as a few old hands — invest most of their energies into trying to create the ultimate, foolproof trading program instead. Money management alone can increase your chances of trading survival. Here’s a practical explanation."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-7-20-24-your-crash-potential-by-wolf-von-ronik-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-7-20-24-your-crash-potential-by-wolf-von-ronik-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-7-20-24-your-crash-potential-by-wolf-von-ronik-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19726qabydo,d,"{""minimum-quantity"":""1"",""path"":""chap7jul201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:7 (26): Q&A by Don Bright"",""caption-linebreaks"":""Q&A by Don Bright
READING THE TAPE
You often mention “reading the tape” in your articles. What do you mean by that? Please explain. Also, what trading software do you recommend? Thanks for\nyour help. — Moses Mannaa, via e-mail
Reading the tape is probably the single most important talent traders can develop. Each trader has a dedicated\nticker that shows every trade on each individual stock (one tape for each security). After you know the players\nand the things to look for on the tape, you can successfully identify short sellers (extremely valuable!),\ninstitutional buying, company buyback programs, and so on. This is a learned talent that floor traders have used for decades."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-7-26-q-a-by-don-bright-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-7-26-q-a-by-don-bright-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-7-26-q-a-by-don-bright-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19728esfutd,d,"{""minimum-quantity"":""1"",""path"":""chap7jul201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:7 (28-34): Estimating Future Drawdowns by Tushar S. Chande"",""caption-linebreaks"":""Estimating Future Drawdowns by Tushar S. Chande
You’re going to get hit by a big one sooner or later, but how big is it going to be?
There are three unknowns about the future performance of any trading system: the expected returns, the duration of drawdowns, and the depth\nof drawdowns. Of the three, the depth of future\ndrawdowns is of the greatest interest because it threatens your survival as a trader.
Drawdowns are retracements in equity from previous equity highs — in short, losing periods. Of course, the exact depth of a particular future drawdown for any trading system or trading manager is unknown, since many random factors can affect the outcome. However, even reasonable estimates of the worst-case future drawdown would be enormously useful for planning purposes.
First, accurate estimates prepare you for the worst that could occur, without the implication that the system has stopped working. Such estimates give you an important psychological edge: You are more likely to stick with the\nsystem or trading program through future drawdowns if its magnitude has been estimated in advance. You can resist the temptation to abandon a trading system or manager too soon. In the long run, abandoning a succession of strategies near the lows of their drawdown periods will significantly reduce your returns."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-7-28-34-estimating-future-drawdowns-by-tushar-s-chande-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-7-28-34-estimating-future-drawdowns-by-tushar-s-chande-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-7-28-34-estimating-future-drawdowns-by-tushar-s-chande-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19734sidret,d,"{""minimum-quantity"":""1"",""path"":""chap7jul201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:7 (34): Sidebar: Returns by Tushar S. Chande"",""caption-linebreaks"":""Sidebar: Returns by Tushar S. Chande
Traders look at prices and are usually uncomfortable with the academic terminology of returns. Think of returns as the changes in prices, though it can get more complicated. Academics like to use “returns” because the act of computing changes in prices (sometimes called differencing) detrends the datastream, creating a series of data that has been cleansed of at least one source of bias.
Actually, returns are usually not computed as just the change in prices. The simplest computation compares the change in price to the original price to generate a percentage change."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-7-34-sidebar-returns-by-tushar-s-chande-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-7-34-sidebar-returns-by-tushar-s-chande-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-7-34-sidebar-returns-by-tushar-s-chande-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19736goinve,d,"{""minimum-quantity"":""1"",""path"":""chap7jul201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:7 (36-40): Going Vertical by Don A. Singletary"",""caption-linebreaks"":""Going Vertical by Don A. Singletary
If you’re trading options, here’s a management tool that can offer you less risk.
Ever sell out of a trade too early because it ran against you, only to have the market turn the instant\nyou sold? Or maybe your stops get hit a little too often? To many traders, these scenarios are all too\nfamiliar. If this happens to you, it could be your trades are not matching your risk tolerance. At a certain point — and that point is different for everybody — an emotional buzzer goes off when you have reached your limit for risk tolerance. Very few investors can successfully manage a trade that is outside their comfort zone.
One way to avoid this problem is to select trades that will allow you a broader comfort range, at least until you have more experience with the markets. Vertical option spreads offer a wide selection of risks and margin requirements that can be tailored to fit almost any risk tolerance and account size.
There are two types of vertical option spreads, the credit spread and the debit spread. Both involve selling one option and buying another in the same expiration month at the same time but at a different strike price. They are referred to as vertical because one is above the other."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-7-36-40-going-vertical-by-don-a-singletary-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-7-36-40-going-vertical-by-don-a-singletary-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-7-36-40-going-vertical-by-don-a-singletary-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19742relstr,d,"{""minimum-quantity"":""1"",""path"":""chap7jul201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:7 (42-46): Relative Strength by Martin J. Pring"",""caption-linebreaks"":""Relative Strength by Martin J. Pring
What to short and what to buy — you should always know the choices the market’s giving you.
Relative strength measures the relationship between two securities. By security, I am referring to any freely traded entity, be it a market, stock, currency, commodity, and so forth. Note that relative strength, as used here, has nothing to do with J. Welles Wilder’s relative strength indicator (RSI). RSI is an indicator that measures a security’s price relative to itself over a specific period and is plotted as an oscillator.
Relative strength, as discussed here, is comparative\nrelative strength. To find this measurement, the price of one security is divided by another. The result is plotted as a continuous line. There are several ways in which this concept is applied to the marketplace. For example, we can compare one asset to another in order to decide which to buy or to better understand an intermarket relationship. In this case, we might compare bonds to gold to see whether the bond price is in a rising trend relative to gold. If so, this could mean that a deflationary trend is unfolding."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-7-42-46-relative-strength-by-martin-j-pring-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-7-42-46-relative-strength-by-martin-j-pring-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-7-42-46-relative-strength-by-martin-j-pring-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19748varmov,d,"{""minimum-quantity"":""1"",""path"":""chap7jul201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:7 (48-54): Variable-Interval Moving Averages by R.G. Boomers"",""caption-linebreaks"":""Variable-Interval Moving Averages by R.G. Boomers
Time is the most difficult variable to capture in an indicator. Here’s a way to have a responsive, adjustable-length moving average without a lot of high-level math.
Simple moving averages are, perhaps, the best-known and utilized tool of technical analysis. Yet they do have limitations. One such limitation becomes painfully apparent when you try to choose an interval for the moving average. After all, different intervals have different strengths; a long interval for the moving average is great for smoothing random fluctuations, while a short interval improves early detection of turning points.
Unfortunately, these two design considerations are incompatible. Wouldn’t it be great if you could use a long moving average when that works best, a short moving average when that works best, and all the moving averages in between when they work best? Could a moving average that changes with market conditions be possible?"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-7-48-54-variable-interval-moving-averages-by-r-g-boomers-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-7-48-54-variable-interval-moving-averages-by-r-g-boomers-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-7-48-54-variable-interval-moving-averages-by-r-g-boomers-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19750sidvim,d,"{""minimum-quantity"":""1"",""path"":""chap7jul201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:7 (50): Sidebar: VIMA computation by R.G. Boomers"",""caption-linebreaks"":""Sidebar: VIMA computation by R.G. Boomers
This example is limited to a small number of periods, differences, and averages in order to be understood easily.
The complexity of the VIMA calculation rises quickly as more data, differences, and averages are added. In addition, the example does not include the backtesting of the various moving average pairs."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-7-50-sidebar-vima-computation-by-r-g-boomers-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-7-50-sidebar-vima-computation-by-r-g-boomers-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-7-50-sidebar-vima-computation-by-r-g-boomers-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1975667inbo,d,"{""minimum-quantity"":""1"",""path"":""chap7jul201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:7 (56-61, 67-68): Interview: Bob Farrell by John Sweeney"",""caption-linebreaks"":""Interview: Bob Farrell by John Sweeney
Probably no one has seen the big picture of technical analysis’ growth and increasing legitimacy quite the way that Bob Farrell, a fixture at bellwether brokerage Merrill Lynch for nearly half a century, has. He seemed to be the ideal subject to summarize that growth and the winnowing out of what works and what doesn’t.
Farrell is senior investment advisor of Merrill Lynch and\none of Wall Street’s most highly respected stock market\nanalysts. He’s seen it all and done most of it, too; he is a many-time First Teamer in the market timing category of Institutional Investor magazine’s All-America Research Team. As manager of market analysis, he pioneered the use of sentiment figures using Merrill Lynch internal data. In 1993, he was inducted into the Wall $treet Week Hall of Fame. Not only that, he is a founder of the Market Technicians Association and was its first president. His Weekly Market Commentary,\npublished since 1970 by the firm, is followed by thousands of professional money managers all over the world. In his current role as senior investment advisor, he writes quarterly on longer-term theme changes in the market.
Bob Farrell graduated from Manhattan College in 1954 with a bachelor’s degree in economics and finance and received a master’s degree in investment finance from the Columbia University Graduate School of Business in 1955. These days, he spends most of his time in the sunny climes of Florida, where STOCKS & COMMODITIES caught up with him in late April 2001. Interim Editor John Sweeney conducted the interview via phone."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-7-56-61-67-68-interview-bob-farrell-by-john-sweeney-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-7-56-61-67-68-interview-bob-farrell-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-7-56-61-67-68-interview-bob-farrell-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19773tradti,d,"{""minimum-quantity"":""1"",""path"":""chap7jul201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:7 (73-77): Traders’ Tips"",""caption-linebreaks"":""Traders’ Tips
This month's tips include Tradestation EasyLanguage code for the 2001 Bonus Issue of STOCKS & COMMODITIES article titled “Three-Line Break Reversal Signals\""; EasyLanguage code for the Midas support and resistance indicator presented in “Volume-\nWeighted Average Price” by George Reyna in the May 2001 STOCKS & COMMODITIES; and the code for R.G. Boomer's variable-interval moving average (VIMA) as described in this issue, for EasyLanguage, Wealth-Lab, and TechniFilter Plus."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-7-73-77-traders-tips-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-7-73-77-traders-tips-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-7-73-77-traders-tips-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19778tradre,d,"{""minimum-quantity"":""1"",""path"":""chap7jul201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:7 (78-85): Traders’ Resource: Brokerages"",""caption-linebreaks"":""Traders’ Resource: Brokerages
Self-directed traders, as STOCKS & COMMODITIES readers usually are, have more choices than ever in their ongoing search for speed, pricing efficiency,\nand good accounting when it comes to brokerages. First, you have to find a brokerage that handles your\ntradable; full-service brokerages dealing with equities, options, futures, bonds, mutual funds, foreign exchange, and cash goods are usually full-priced as well. A little scouting, however, will get you a brokerage targeted on your market of interest.
After that, your first question these days might be, “How fast can I execute an order?” Look for whether the brokerage offers direct access to automated exchange trading systems, market makers, and electronic communications networks (ECNs). If not, check to see if there is at least the first generation electronic trading capability of placing orders online through the Internet. Absent that, you’re relegated to old-fashioned phone calls. With the presence of freely available company information over the Internet, retail brokerage research is less valuable than it ever has been. Nevertheless, if you’re in less intensively studied but highly commercial markets such as futures, a brokerage’s ability to provide market statistics, hedging activity reports, and other commercial information may be critical to your trading and investing decisions."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-7-78-85-traders-resource-brokerages-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-7-78-85-traders-resource-brokerages-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-7-78-85-traders-resource-brokerages-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19810lettos,d,"{""minimum-quantity"":""1"",""path"":""chap8aug201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:8 (10-14): Letters To S&C"",""caption-linebreaks"":""Letters To S&C
EISENSTADT INTERVIEW
Editor,
Thank you for the wonderful, clear-structured\ninterview with Samuel Eisenstadt of Value Line\nin the May 2001 issue. Above all, two important keynotes stuck in my mind. These keynotes are excellent guidelines for any rational work in the field of technical or fundamental analysis of the markets. First, Eisenstadt stressed that only exact, discernable, and known information must be rationally arranged and operated on to predict trustable guidelines of future market behavior. Second, he emphasized the importance of intersubjectivity, an important factor in all real scientific work.
Two rational-minded people confronted independently with the components of the work must come to exactly the same decision about which part of the system the labeled element will belong to. This point highlights the weakest part of much of the work in technical analysis. Continue the great work!
HEINZ KOCK, via e-mail
Germany"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-8-10-14-letters-to-s-c-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-8-10-14-letters-to-s-c-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-8-10-14-letters-to-s-c-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19818balofp,d,"{""minimum-quantity"":""1"",""path"":""chap8aug201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:8 (18-32): Balance Of Market Power by Igor Livshin"",""caption-linebreaks"":""Balance Of Market Power by Igor Livshin
Who’s in charge, bulls or bears? It doesn’t take higher-order math to get a good reading.
The balance of market power (BMP) indicator measures the strength of the bulls vs. the bears by assessing the ability of each to push price to an extreme level. I deliberately developed BMP not to be a rangebound indicator, so it is as sensitive at extreme points as it is at other levels.
Every day, bulls and bears compete with each other in the marketplace. The idea behind the BMP calculation is to assign a score for both bulls and bears based on their daily performance related to price movement."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-8-18-32-balance-of-market-power-by-igor-livshin-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-8-18-32-balance-of-market-power-by-igor-livshin-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-8-18-32-balance-of-market-power-by-igor-livshin-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19830sidcal,d,"{""minimum-quantity"":""1"",""path"":""chap8aug201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:8 (30): Sidebar: Calculating BMP in a spreadsheet by Igor Livshin"",""caption-linebreaks"":""Sidebar: Calculating BMP in a spreadsheet by Igor Livshin
To compute balance of market power in a spreadsheet, we’ve used Excel as an example (Sidebar Figure 1). Most other spreadsheets can translate Excel code into their own formats. Begin by importing the data (for plotting purposes), open, high, low, and close as shown. Then, place this code in cell F2 :
=(C2-B2)/(C2-D2)"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-8-30-sidebar-calculating-bmp-in-a-spreadsheet-by-igor-livshin-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-8-30-sidebar-calculating-bmp-in-a-spreadsheet-by-igor-livshin-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-8-30-sidebar-calculating-bmp-in-a-spreadsheet-by-igor-livshin-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19836tradtu,d,"{""minimum-quantity"":""1"",""path"":""chap8aug201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:8 (36-44): Trading The Turtle System On Currencies by Guy Brys, Anja Struyf, and Luc Van Hof"",""caption-linebreaks"":""Trading The Turtle System On Currencies by Guy Brys, Anja Struyf, and Luc Van Hof
The system was developed two decades ago on the basis of a bet, but since then, it’s been a proven winner. The Turtle system was developed on daily data but it has some promising real-life results when used with intraday data, in this case currencies.
We tested the infamous Turtle system in intraday trading on foreign exchange markets, using a large database of historical rates. We examined all four components of the system (entry, exit, trading size, and money management) and developed parameter values through optimization on a training set of data. Our results compared well with the study that former Turtle Russell Sands conducted in 1995 on daily data, and the method was profitable when assessed by total net profit (the equity curve), the return-to-risk ratio, and the Sharpe ratio."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-8-36-44-trading-the-turtle-system-on-currencies-by-guy-brys-anja-struyf-and-luc-van-hof-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-8-36-44-trading-the-turtle-system-on-currencies-by-guy-brys-anja-struyf-and-luc-van-hof-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-8-36-44-trading-the-turtle-system-on-currencies-by-guy-brys-anja-struyf-and-luc-van-hof-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19846irconb,d,"{""minimum-quantity"":""1"",""path"":""chap8aug201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:8 (46-49): The Iron Condor by Jesse Chen"",""caption-linebreaks"":""The Iron Condor by Jesse Chen
Being neutral on the market is different from being unsure. Here’s a strategy to take advantage of your view.
Neutral options are a sound strategy in options trading. They combine a balanced risk and reward ratio with a high probability of profit and wide profit zone. Neutral options come in three main flavors: short strangles and\nstraddles; butterflies; and iron condors.
These positions are appropriate to use when you expect the market to go nowhere or, if the market does go in some direction, the strategy will be able to take advantage of the movement. I’m going to describe the former situation."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-8-46-49-the-iron-condor-by-jesse-chen-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-8-46-49-the-iron-condor-by-jesse-chen-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-8-46-49-the-iron-condor-by-jesse-chen-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19853tradcr,d,"{""minimum-quantity"":""1"",""path"":""chap8aug201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:8 (53-56): Trade Crude Now by John L. Momsen"",""caption-linebreaks"":""Trade Crude Now by John L. Momsen
Don’t brush aside a straightforward futures trade just because you think it’s too risky. Try combining seasonals with options — you might be pleasantly surprised.
A simple option spread combined with a seasonal trade can not only increase the potential for a profit but also improve the risk/reward ratio of your trade. It can also open up the possibility of participating in trades you might have otherwise considered too high-risk for your trading account.
In the February 2000 STOCKS & COMMODITIES, I described a simple method of transforming a good seasonal trade into a great seasonal trade using a three-channel breakout method. You can also use various options strategies in place of straight futures positions. In fact, when the risk/reward ratio of one of my 41 seasonal trades is not to my liking, options may be preferable."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-8-53-56-trade-crude-now-by-john-l-momsen-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-8-53-56-trade-crude-now-by-john-l-momsen-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-8-53-56-trade-crude-now-by-john-l-momsen-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
sidcrudoilse,d,"{""minimum-quantity"":""1"",""path"":""chap8aug201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:8 (56): Sidebar: Crude oil seasonal trade #2 by John L. Momsen"",""caption-linebreaks"":""Sidebar: Crude oil seasonal trade #2 by John L. Momsen
Here’s the TradeStation code for my crude oil trade."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-8-56-sidebar-crude-oil-seasonal-trade-2-by-john-l-momsen-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-8-56-sidebar-crude-oil-seasonal-trade-2-by-john-l-momsen-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-8-56-sidebar-crude-oil-seasonal-trade-2-by-john-l-momsen-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19858qabydo,d,"{""minimum-quantity"":""1"",""path"":""chap8aug201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:8 (58): Q&A by Don Bright"",""caption-linebreaks"":""Q&A by Don Bright
PAIRS TRADING
I read Stéphane Reverre’s article “Pairs Trading” in the March 2001 issue, and I have a few questions. Do your traders employ this strategy? How is it best implemented? How do you pick the two stocks to trade? How do you determine which one to buy and which one to sell?
— Matt, Las Vegas
We have been employing this strategy in one form or another for decades. We try to find two stocks in the same sector or group (such as tech, oil services, airlines, and so on). We then overlay the two prices back about six months to see the actual price differential. Actually, our Redi-Plus has an indicator on price difference that charts the closing prices for you. Based on this information, you can determine which stock to buy and which one to short."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-8-58-q-a-by-don-bright-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-8-58-q-a-by-don-bright-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-8-58-q-a-by-don-bright-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19860kstrev,d,"{""minimum-quantity"":""1"",""path"":""chap8aug201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:8 (60-68): KST Revisited by Christopher Narcouzi"",""caption-linebreaks"":""KST Revisited by Christopher Narcouzi
You know there’s a trend out there — but is it too late to get in on it? Here’s a look at Martin J. Pring’s KST indicator, which can give valuable trading insight into trend maturity.
Bull and bear markets go through various stages, and how your investments fare will depend on the stage in which you start investing. Investing in the early stages of a bull market will result in the largest profit. Investing in the middle stages of a bull market will be profitable, but not as profitable as the early stage. Investing in the late stages of a bull market will increase your risk and lessen your odds of success. These concepts are easy enough to grasp, but determining what stage a bull market is currently in can be daunting. I will show you how to identify the different stages of a bull market so you can achieve better returns from your investments."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-8-60-68-kst-revisited-by-christopher-narcouzi-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-8-60-68-kst-revisited-by-christopher-narcouzi-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-8-60-68-kst-revisited-by-christopher-narcouzi-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19866sidcal,d,"{""minimum-quantity"":""1"",""path"":""chap8aug201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:8 (66): Sidebar: Calculating the KST by Thom Hartle"",""caption-linebreaks"":""Sidebar: Calculating the KST by Thom Hartle
The suggested parameters for short-, intermediate-, and long-term KST can be found in sidebar Figure 1. There are three steps to calculating the KST indicator. First, calculate the four different rates of change. The formula for rate of change (ROC) is today’s closing price divided by the closing price n days ago. This result is then multiplied by 100. Next, subtract 100 to obtain a rate of change index that uses zero as the center point. . ."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-8-66-sidebar-calculating-the-kst-by-thom-hartle-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-8-66-sidebar-calculating-the-kst-by-thom-hartle-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-8-66-sidebar-calculating-the-kst-by-thom-hartle-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19869novtra,d,"{""minimum-quantity"":""1"",""path"":""chap8aug201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:8 (69): Novice Trader’s Notebook - The Double Top"",""caption-linebreaks"":""Novice Trader’s Notebook — The Double Top
Consider a security or a futures contract that is in an uptrend. The price reaches a point at which all of the buyers’ demand is met, and the sellers, whether traders taking profits or aggressive short sellers, enter the market and overwhelm the buyers. That price level will become known as major resistance, as the level establishes a point at which the supply is significantly greater than the demand (point A)."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-8-69-novice-trader-s-notebook-the-double-top-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-8-69-novice-trader-s-notebook-the-double-top-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-8-69-novice-trader-s-notebook-the-double-top-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1987078timm,d,"{""minimum-quantity"":""1"",""path"":""chap8aug201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:8 (70-72, 78-79): Timing The Move by Lorne W. Rae"",""caption-linebreaks"":""Timing The Move by Lorne W. Rae
All traders want to know in advance how long a price trend will last. Try predicting it with this technique.
A note in Robert Edwards and John Magee’s Technical Analysis Of Stock Trends states, “Volume is of the utmost importance in all technical phenomena,” but then Edwards and Magee add, “... the exact number of shares traded is not important.” Over the half century since this work was first published, not a lot of attention has been paid to absolute volume, but it’s time to take a closer look at this concept. We might just find that the number of shares traded can indicate the length of a price trend.
SHAREHOLDERS AND PRICE
Price is determined at a moment in time when two individuals (or their agents) meet and agree to exchange a specific amount of money for a certain number of shares of stock. Once they finish their business, they depart and are replaced by another pair of individuals who establish the next price, and so on."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-8-70-72-78-79-timing-the-move-by-lorne-w-rae-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-8-70-72-78-79-timing-the-move-by-lorne-w-rae-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-8-70-72-78-79-timing-the-move-by-lorne-w-rae-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1987380trad,d,"{""minimum-quantity"":""1"",""path"":""chap8aug201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:8 (73-77, 80-81): Traders’ Tips"",""caption-linebreaks"":""Traders’ Tips
Here is this month’s selection of Traders’ Tips, contributed by article authors from this issue and by various developers of technical analysis software, all to help readers more easily implement some of the strategies presented.
This month's code includes: Igor Livshin’s balance of market power (BMP) indicator in TradeStation EasyLanguage, MetaStock for Windows, NeuroShell Trader, Investor R/T, TradingSolutions, Wealth-Lab, Wave Wi$e, Byte Into The Market, and SmarTrader; John Momsen's crude oil trade in TradeStation EasyLanguage, MetaStock for Windows, Neuroshell Trader, and Wealth-Lab; and R.G. Boomers Variable-Interval Moving Averages (VIMA) for Investor R/T."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-8-73-77-80-81-traders-tips-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-8-73-77-80-81-traders-tips-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-8-73-77-80-81-traders-tips-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19886tradre,d,"{""minimum-quantity"":""1"",""path"":""chap8aug201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:8 (86-91): Traders’ Resource - Data Services"",""caption-linebreaks"":""Traders’ Resource — Data Services
If you thought brokerages have had to face a new world, think of data services. The advent of the Internet has made available many pieces of software with dedicated access to securities data maintained by the software\nvendor. This gives you, the buyer, fewer choices when you buy the software, and it is now a key issue to sort out when investigating software, particularly web-based software. On the one hand, all the data maintenance hassles are taken out of your hands; on the other, the vendor may be too casual for your tastes in how they maintain the data you’re given to use.
If your software can accept data from several sources, you’re in the power position, because never have there been so many sellers and resellers of data. Look especially for one with a dedicated staff to clean up the inevitable errors. Even better is a service with an automatic refresh procedure that constantly processes corrections to your historical database. After cleanliness, there’s reliability and, finally, price to consider. Check around and take advantage of any free trials."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-8-86-91-traders-resource-data-services-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-8-86-91-traders-resource-data-services-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-8-86-91-traders-resource-data-services-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19910tradre,d,"{""minimum-quantity"":""1"",""path"":""chap9sep201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:9 (100-113): Traders’ Resource: Advisory Services"",""caption-linebreaks"":""Traders’ Resource: Advisory Services
Advisory services are all over the place, as this listing shows. You have plenty of choice and plenty of price points to consider. One key factor is whether the outfit\nyou’re checking out is a Registered Investment Advisor (RIA) or a registered Commodity Trading Advisor (CTA). Though it doesn’t weed out the foolish advice, the act of\nregistration puts the person or persons under the government’s scrutiny. In this listing, filled in by the companies themselves, you’ll find those who have RIA and/or CTA certifications as well as those who are nonregistered advisories.
If it’s trading advice you seek, then track records are\nessential, preferably records monitored by third parties. References should also be checked and if publications are involved, back issues should be scanned. Even then, a lengthy observation period following the advisor’s rationale and recommendations is prudent. Commit money to trades only when you are ready to follow the advice thoroughly: you’ll only have yourself to blame if you cherry-pick trades and come up with results differing from the advisor’s."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-9-100-113-traders-resource-advisory-services-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-9-100-113-traders-resource-advisory-services-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-9-100-113-traders-resource-advisory-services-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19914lettos,d,"{""minimum-quantity"":""1"",""path"":""chap9sep201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:9 (14-18): Letters To S&C"",""caption-linebreaks"":""Letters To S&C
VERTICAL HORIZONTAL FILTER
Editor,
First of all, congratulations on your magazine. I have read the article “Vertical Horizontal Filter” (STOCKS & COMMODITIES, July 2000) and I would like to know how I can apply it in MetaStock. I used it in a spreadsheet in Excel and it is really fantastic!
IGNACIO HUERTA SÁNCHEZ, Madrid, Spain
Unfortunately, the VHF wasn’t a Traders’ Tips topic for that issue, so check with Equis International at Equis.com for MetaStock code.—Editor"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-9-14-18-letters-to-s-c-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-9-14-18-letters-to-s-c-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-9-14-18-letters-to-s-c-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19920ligupy,d,"{""minimum-quantity"":""1"",""path"":""chap9sep201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:9 (20-28): Light Up Your Trading System With CandleCode Trading by Viktor Likhovidov"",""caption-linebreaks"":""Light Up Your Trading System With CandleCode Trading by Viktor Likhovidov
Market sentiment has traditionally been associated with subjectivity. Here’s a method that not only adds a quantitative bent to measuring market sentiment, but can also be applied to your trading.
When I first devised CandleCodes, I designed them to quantitatively measure the market by ranking the\nCandleCodes according to typical interpretations. To put it simply, the CandleCode assigns a rank to each candlestick. A strongly bearish candle will have a very low rank, whereas one with less bearish sentiment will get a slightly higher rank. A bullish candle will get a high rank and a strongly bullish candle will occupy the highest place in this hierarchy. This scheme has worked well and has introduced order to the world of candlestick charting."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-9-20-28-light-up-your-trading-system-with-candlecode-trading-by-viktor-likhovidov-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-9-20-28-light-up-your-trading-system-with-candlecode-trading-by-viktor-likhovidov-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-9-20-28-light-up-your-trading-system-with-candlecode-trading-by-viktor-likhovidov-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19930mesadm,d,"{""minimum-quantity"":""1"",""path"":""chap9sep201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:9 (30-35): MESA Adaptive Moving Averages by John F. Ehlers"",""caption-linebreaks"":""MESA Adaptive Moving Averages by John F. Ehlers
What if you combined the power of maximum entropy spectral analysis with the Hilbert transform’s ability to discern phase change?
The MESA adaptive moving average (MAMA) adapts to price movement in a new and unique way. The adaptation is based on the rate change of phase as\nmeasured by the Hilbert transform discriminator I described in my December 2000 article. In that article I derived the Hilbert transform, which generates the real and imaginary components from the analytical price waveform. The arctangent of the ratio of the imaginary component to the real one is the phase angle at a given point in time. Since the summation of the delta phases from bar to bar reaches 360 degrees, completing a cycle, the Hilbert discriminator computes the dominant cycle on the basis of the average phase differential."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-9-30-35-mesa-adaptive-moving-averages-by-john-f-ehlers-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-9-30-35-mesa-adaptive-moving-averages-by-john-f-ehlers-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-9-30-35-mesa-adaptive-moving-averages-by-john-f-ehlers-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19934sidtra,d,"{""minimum-quantity"":""1"",""path"":""chap9sep201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:9 (34): Sidebar: TradeStation code for MAMA and FAMA by John F. Ehlers"",""caption-linebreaks"":""Sidebar: TradeStation code for MAMA and FAMA by John F. Ehlers
This code is nearly the same as the one that computes the Hilbert transform homodyne discriminator cycle measurement, with the additional code to compute phase rate of change, the nonlinear alpha, and the MAMA and FAMA lines. Your superheterodyne radios and TVs are tuned by multiplying the incoming radio frequency signal with a variable frequency local oscillator to produce a fixed-frequency intermediate frequency (IF)."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-9-34-sidebar-tradestation-code-for-mama-and-fama-by-john-f-ehlers-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-9-34-sidebar-tradestation-code-for-mama-and-fama-by-john-f-ehlers-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-9-34-sidebar-tradestation-code-for-mama-and-fama-by-john-f-ehlers-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19938qabydo,d,"{""minimum-quantity"":""1"",""path"":""chap9sep201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:9 (38-39): Q&A by Don Bright"",""caption-linebreaks"":""Q&A by Don Bright
LEVEL II TRADING
I have been trading Level II for about three years now and did well until about a year ago. I know the market has changed considerably, but my main concern is the quotes themselves. Has something changed that I am unaware of?—Bret E., Denver, CO
\nI find it interesting that most traders seem to feel that the market changed so dramatically last year. What was out of whack were the couple of prior years of the “bubble” in the Nasdaq. We simply went back to a more historical trading market, and those traders who adapted quickly were able to keep their streak going. Don’t get me wrong; it’s not you, it’s just that you started right in the middle of all the craziness. . ."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-9-38-39-q-a-by-don-bright-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-9-38-39-q-a-by-don-bright-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-9-38-39-q-a-by-don-bright-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v199406898tr,d,"{""minimum-quantity"":""1"",""path"":""chap9sep201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:9 (40-44, 68-69, 98): Traders’ Tips"",""caption-linebreaks"":""Traders’ Tips
This month's tips include: Viktor Likhovidov's CandleCode trading systems, described\nin “Light Up Your Trading System With CandleCode Trading” implemented in NeuroShell Trader, Investor/RT, Wealth-Lab, TechniFilter Plus, and TradingSolutions; and John Ehler's MESA adaptive moving average (MAMA) code in Byte Into The Market, NeuroShell Trader, Investor/RT, and TradingSolutions."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-9-40-44-68-69-98-traders-tips-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-9-40-44-68-69-98-traders-tips-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-9-40-44-68-69-98-traders-tips-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19946tradwi,d,"{""minimum-quantity"":""1"",""path"":""chap9sep201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:9 (46-54): Trading Within The Cup by Rick Martinelli and Barry Hyman"",""caption-linebreaks"":""Trading Within The Cup by Rick Martinelli and Barry Hyman
The classic approach to trading the cup-with-handle pattern is buying on a pullback during an uptrend before price breaks out. But what about traders who prefer to begin taking a position in a stock as it is setting up, rather than waiting for it to hit a new high? Trading within the cup-with-handle is another way to profit.
In our October 1998 article, we described an automated approach to identify stocks that have set up the cup-with-handle structure with proper price and volume\ncharacteristics. The impetus for writing such an algorithm is that, on any given day, there may be new stocks that break out of a cup-with-handle pattern, but by the time investors are aware of them, they could have already broken out to levels well above the pivot point.
Identifying stocks that are set up correctly\nallows the trader to be watching for such\nstocks before they break out. It also makes it\npossible to buy these stocks just as they are\nbreaking above the pivot (on sufficient\nvolume). It is critical to buy a stock not more\nthan a few percent above the pivot price\nbecause, in many cases, stocks tend to pull\nback to and test the pivot area before\ncontinuing their advance. If a tight stoploss\ndiscipline is followed, the trader who\nchases a stock too far above the pivot point is\nlikely to get stopped out on a subsequent\npullback to, or just below, the pivot point."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-9-46-54-trading-within-the-cup-by-rick-martinelli-and-barry-hyman-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-9-46-54-trading-within-the-cup-by-rick-martinelli-and-barry-hyman-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-9-46-54-trading-within-the-cup-by-rick-martinelli-and-barry-hyman-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19951sidcup,d,"{""minimum-quantity"":""1"",""path"":""chap9sep201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:9 (51): Sidebar: Cup-with-handle formation by Rick Martinelli and Barry Hyman"",""caption-linebreaks"":""Sidebar: Cup-with-handle formation by Rick Martinelli and Barry Hyman
Here are the requirements for a cup-with-handle formation. You can insert these in your screening program. All the subscripts refer to points on the chart in Figure 1 of the article; P is the price of the issue, V its volume on a given day, and K is the start point."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-9-51-sidebar-cup-with-handle-formation-by-rick-martinelli-and-barry-hyman-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-9-51-sidebar-cup-with-handle-formation-by-rick-martinelli-and-barry-hyman-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-9-51-sidebar-cup-with-handle-formation-by-rick-martinelli-and-barry-hyman-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19956hidrew,d,"{""minimum-quantity"":""1"",""path"":""chap9sep201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:9 (56-63): Hidden Rewards Of Cycles by Mohab Nabil, MSTA"",""caption-linebreaks"":""Hidden Rewards Of Cycles by Mohab Nabil, MSTA
Head and shoulders patterns appear frequently in price charts. By using simple cyclical analysis you can forecast not only the price target, but also when that price will be reached.
Making a profit in the stock market is all about timing. Despite this, many investors and analysts still do not treat the dimension of time with the consideration\nit is due. The timing factor, along with risk and reward, should be sufficiently weighted when trading a specific pattern. To say that the reward-risk ratio of a given trade is 3:1 is not completely accurate; this is because the time frame in question has not been taken into account, and the time frame may make all the difference whether you make three points or lose one point.
To trade profitably, you need to project the amount of time it will take for the price to reach its expected target. By doing so, you will be able to handle money management techniques in a more proficient way and identify patterns that generate fast or slow price movements."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-9-56-63-hidden-rewards-of-cycles-by-mohab-nabil-msta-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-9-56-63-hidden-rewards-of-cycles-by-mohab-nabil-msta-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-9-56-63-hidden-rewards-of-cycles-by-mohab-nabil-msta-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19970injdoy,d,"{""minimum-quantity"":""1"",""path"":""chap9sep201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:9 (70-80): Interview: J. Doyne Farmer by John Sweeney"",""caption-linebreaks"":""Interview: J. Doyne Farmer by John Sweeney
The number of physicists and engineers who have dented their axes on market prediction is so vast that it led to the derisive term “quant.” But who are these guys, and what are they up to? We tracked down one man who made the journey, successfully, from academia to research to trading, then back. We found him holed up in New Mexico, still pushing the boundaries of speculative thought and willing to chat.
J. Doyne Farmer studied physics, receiving a bachelor of science degree from Stanford University and a doctorate from the University of California at Santa Cruz. He worked in the Theoretical Division at the Center for Nonlinear Studies at Los Alamos National Laboratories, where he was an Oppenheimer Fellow and founder of the Complex Systems Group. In 1991, together with Norman Packard, Farmer founded Prediction Co., a firm whose business is the automatic\ntrading of financial instruments founded on time series–based directional forecasting methods. He is currently the McKinsey Professor at the Santa Fe Institute and editor-in-chief of Quantitative Finance.
STOCK & COMMODITIES Editor John Sweeney caught up with Doyne (pronounced “Dowen”) Farmer in early June 2001."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-9-70-80-interview-j-doyne-farmer-by-john-sweeney-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-9-70-80-interview-j-doyne-farmer-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-9-70-80-interview-j-doyne-farmer-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v19992lifonh,d,"{""minimum-quantity"":""1"",""path"":""chap9sep201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 19:9 (92-94): Life On Hold by Adrienne Laris Toghraie"",""caption-linebreaks"":""Life On Hold by Adrienne Laris Toghraie
If you have put your trading on hold, you undoubtedly have a compelling reason. To support your case for being stuck, you can find countless others who will\nnod in agreement and understanding as they wait to tell you their own sad tales. On the other hand, there are traders whose roadblock stories are just as compelling as yours, but who are successfully trading, nonetheless. How do traders overcome their excuses?
As a new money manager, Joe had only $250,000 to manage. His own operating funds were based on a standard fee of 2% of capital and 20% of the 54% profit that he was earning for his clients. Despite his outstanding track record, the income from his business was barely $20,000 a year. After paying his expenses, Joe was living from hand to mouth. Deeply frustrated, he had only enough funds in his bank account for six more months of trading operations."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-9-92-94-life-on-hold-by-adrienne-laris-toghraie-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-9-92-94-life-on-hold-by-adrienne-laris-toghraie-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-19-9-92-94-life-on-hold-by-adrienne-laris-toghraie-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1111intecan,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-1-chapter-1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 1:1 (11-11): INTRODUCTION: TECHNICAL ANALYSIS of Stocks and Commodities"",""caption-linebreaks"":""INTRODUCTION: TECHNICAL ANALYSIS\nof Stocks and Commodities
Our primary consideration of an article is whether it teaches, describes or illustrates an applicable\ntrading method or technique. Also, information about the use of chart or numerical methods is examined\nto improve ones probability of having a successful trade. (Prospective authors please feel free to include\nany charts, graphs or computer programs that would help in presentation. The emphasis is on application\nof existing trading techniques and interpretation of computer programs used to trade Stocks and\nCommodities. Trader observation and experience are published as well as specialist research papers.
This is your opportunity to share market techniques and gain insight into effectively using technical\nanalysis. Obtain complete definative explanations of technical analysis studies to augment your\napplication of existing systems. In addition we provide a forum for publication of new or interdisciplinary\ntechniques.
For the cost of commission on one or two trades, you will now have a how-to-what's-it-get-me\nexplanation of existing computer programs. I think you will find that your investment in a Technical\nAnalysis User's Group will shortly return many times it's relative small cost.
THE EDITOR"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-1-1-11-11-introduction-technical-analysis-of-stocks-and-commodities-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-1-1-11-11-introduction-technical-analysis-of-stocks-and-commodities-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-1-1-11-11-introduction-technical-analysis-of-stocks-and-commodities-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1114rismanb,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-1-chapter-1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 1:1 (14-14): Risk Management by JOHN E. ROSENSTOCK"",""caption-linebreaks"":""Risk Management\nby JOHN E. ROSENSTOCK
The portfolio approach to commodity trading is a big selling point for commodity funds. (\""Portfolio\napproach\"" is diversifying and spreading risk through a completely mechanical trend analysis.) However,\nhistory has shown that the mechanical trend following systems that maintain positions in all commodities\nall the time tend to generate heavy commissions and sustain unnecessary losses when prices enter narrow\ntrading ranges. Trend following by definition is a lagging indicator. In a trading range, prices move back\nand forth, violently changing direction every two or three days. Under these conditions, trend following\nsystems wind up buying near the top and selling near the bottom, often many times before prices finally\nkeep moving in one direction! Also, there is a school of thought which questions the redundancy of being\nlong Swiss francs, Deutschemarks, and Japanese Yen, all at the same time. Many investors in commodity\nfunds using trend following systems lost heavily in the \""October 79 massacre'' when the President\nannounced his famous dollar support program."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-1-1-14-14-risk-management-by-john-e-rosenstock-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-1-1-14-14-risk-management-by-john-e-rosenstock-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-1-1-14-14-risk-management-by-john-e-rosenstock-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1225inthisi,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-1-chapter-2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 1:2 (25-25): In This Issue."",""caption-linebreaks"":""In This Issue.
The Intra-day Analyst is a computer system for technical analysis of the market during the trading day.\nWe regret that an article describing this system was not available to meet our January printing deadline.\nTypically, articles and advertising must be received 30 days prior to the month that they will appear. The\nIntra-Day Analysts systems was designed by the same individuals who developed the Compu Trac\nSystem. It has been almost two years since its first release and is now a major stand-alone trading tool.
With this issue we intitiate a new ongoing forum for exchange of stock or commodity trading techniques.\nFourier analysis is covered in TWO articles: Scholarly background is discussed in Anthony Warren's \""A\nMiniGuide to Fourier Spectrum Analysis\"" and Application is touched on in our article \""Using Fourier\nAnalysis\"". We recommend that you read both articles in this order and then test run the computer\nprogram while re-reading both articles again. \""Moving Averages\"" a Technical Review is intended to\npresent an overview of existing studies and their dependence on the moving average or related functions.\n\""Letters to Technical Analysis\"" will help us keep you appraised of others viewpoints and needs as well as\nget your word out to all of us. Letters from you, our subscribers, are a great help in defining the direction\nof our research and type of presentation. And last but not least, Eric Weiss has outdone himself in\ncontinuing a series of introductory articles in \""ARIMA Forecasting\"" about the Box-Jenkins methodology\nfor selection of AutoRegressive Integrated Moving Average forecasting models."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-1-2-25-25-in-this-issue-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-1-2-25-25-in-this-issue-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-1-2-25-25-in-this-issue-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1232sidresi,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-1-chapter-2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 1:2 (32-35): SIDEBAR: RESEARCH in Progress:"",""caption-linebreaks"":""RESEARCH in Progress:
To make this research periodical a viable and useful tool to the investor, we plan to offer a broad\nspectrum of information. The centerpiece of each issue will be feature articles on specific numerical or\ngraphical technical analysis techniques with emphasis on application to trading stocks or commodities.
ADAPTIVE FILTER: A short-term forecasting technique that computes optimum weighted moving\naverages is concurrently under development for use with stocks or commodity historical data. This study\nwill calculate an optimum weighting of past observations (weighted moving average) such that forecast\nerror will be minimized. This procedure will allow calculation of probable error, from the hypothetical\nfuture forecast line."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-1-2-32-35-sidebar-research-in-progress-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-1-2-32-35-sidebar-research-in-progress-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-1-2-32-35-sidebar-research-in-progress-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1238lettote,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-1-chapter-2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 1:2 (38-39): Letters to Technical Analysis"",""caption-linebreaks"":""Letters to Technical Analysis
We have received hundreds of inquiries about Technical Analysis of Stocks and Commodities and are\nendeavoring to answer ALL via mail or through this column. The effort involved has been a strain on our\nmeager resources, so bear with us. Please feel free to write about anything that you would like to know\nmore about or pass along to the rest of us.
Dear Jack,
I like your \""Technical Analysis\"" publication, the first copy of which I received at the TAG seminar in\nToronto . . . This letter is my pledge that I will subscribe .. . I'm enthused about the potential for your\npublication.\n--D.T.M., Santa Rose, California"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-1-2-38-39-letters-to-technical-analysis-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-1-2-38-39-letters-to-technical-analysis-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-1-2-38-39-letters-to-technical-analysis-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1240sidglos,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-1-chapter-2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 1:2 (40-43): SIDEBAR: GLOSSARY"",""caption-linebreaks"":""GLOSSARY
ROUNDING ERROR — When numbers are rounded many times. errors creep into the result. For\nexample, 2.4+8.4=5.8 which rounds to 6, but if we round 2.4 and 3.4 we get 2+3=5.
TREND—A straight line pattern to prices. This may be clouded by price variations above and below the\ntrend line.
AUTOREGRESSIVE—One today in terms of past days. The atuoregressive part of an ARIMA model\nuses previous days prices to predict today's price. The \""previous days\"" could be just yesterday, or\nyesterday and the day before yesterday etc."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-1-2-40-43-sidebar-glossary-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-1-2-40-43-sidebar-glossary-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-1-2-40-43-sidebar-glossary-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1347inthisi,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-1-chapter-3"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 1:3 (47-47): In This Issue"",""caption-linebreaks"":""In This Issue
With this issue we have reached a minor milestone in our magazine size. Our third time out\nTechnical Analysis is exactly two times the original sample issue size. Starting with the May issue we\nwill be soliciting commercial advertising to help offset our publishing costs. The addition of this income\nbase will allow us to expand and improve the magazine format.
We are happy to introduce a number of new authors to our pages in this issue. Tim Slater of CompuTrac\nand IntraDay Analyst gives us an update of the IntraDay Analyst software package. Curtis Arnold with\nMartin D. Weiss Research offers a consolidation of two W. D. Gann trading tools in a charting method\nwe have titled simply \""Gann\"". John Herrick in ''Cyclic Timing\"" shows us a graphic way of determining\nunderlying market cycles as well as a few examples using his Payoff Index. \""Gold: Bull or Bear Market?\""\nby Jesse Thompson shows how to use a monthly swing chart to determine a market's major trend. These\nare new writers for Technical Analysis and I'm sure you will agree that we hope to hear from them all\nagain. The information imparted in these writers' inaugural articles could go a long way toward initiating\na profitable trade or deferring market entry until the time is right."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-1-3-47-47-in-this-issue-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-1-3-47-47-in-this-issue-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-1-3-47-47-in-this-issue-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1348sidbiog,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-1-chapter-3"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 1:3 (48-51): SIDEBAR: BIOGRAPHICAL SKETCH"",""caption-linebreaks"":""BIOGRAPHICAL SKETCH
Curtis Arnold holds a Bachelor's Degree in Computer Science and for the past two years has been\ndirecting the technical research efforts at Weiss Research, an economic research firm and publisher of\ntwo newsletters, MONEY FORECASTS and MONEY & MARKETS. He credits technical analysis\nand computer technology with the tremendous success enjoyed by his daily Financial Futures Hotline.\nMr. Arnold will shortly be publishing his new book, Your Personal Computer Can Make You Rich In\nThe Stock Market."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-1-3-48-51-sidebar-biographical-sketch-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-1-3-48-51-sidebar-biographical-sketch-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-1-3-48-51-sidebar-biographical-sketch-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1352sidcomt,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-1-chapter-3"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 1:3 (52-57): SIDEBAR: COMPUTER TRIVIA"",""caption-linebreaks"":""COMPUTER TRIVIA
*The Analytical Engine (1835-1869)
Because of lack of government support, English mathematician Charles Babbage (1792-1871) never got to\nbuild his invention, the design of which presaged the modern computer. Had it seen the light of day, the\nengine would have used data fed by punched cards, performed arithmetical calculations, and stored\ninformation in a memory bank. Lady Lovelace, the mathematically brilliant daughter of Lord Byron,\ndeveloped some potential problems for the future machine, in effect acting as the first programmer."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-1-3-52-57-sidebar-computer-trivia-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-1-3-52-57-sidebar-computer-trivia-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-1-3-52-57-sidebar-computer-trivia-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1362lettote,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-1-chapter-3"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 1:3 (62-65): Letters to Technical Analysis"",""caption-linebreaks"":""Letters to Technical Analysis
Dear Jack:
I'm having a problem with the new Fourier disk you just sent out. All goes well until it's time for the\nCOMMAND LINE to appear. Instead of the COMMAND LINE I just get a blank cursor and the system\nhangs.
I collect my data from CSI using their new Quicktrieve disk. Could that be the problem? I use\nCompuTrac for my analysis.\n--E R., Malibu, California"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-1-3-62-65-letters-to-technical-analysis-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-1-3-62-65-letters-to-technical-analysis-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-1-3-62-65-letters-to-technical-analysis-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1478sidautb,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-1-chapter-4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 1:4 (78-81): SIDEBAR: Author's Biographies"",""caption-linebreaks"":""Authors’ Biographies
Tucker J. Emmett, Vice President Trading and Research Anspacher & Associates, Inc.
Tucker Emmett is a cum laude graduate from Harvard University where he studied mathematics and\neconomics. In 1970 he was awarded the Juris Doctor degree from the University of Virginia Law\nSchool. He is a registered representative in securities and commodities and is a member of the\nChicago Mercantile Exchange. At Anspacher he is currently involved in research on the application\nof regressional models to commodity price trends. He also writes a bi-weekly review published by\nAnspacher on grains, meats, metals, and currencies, and handles speculative commodities accounts\nfor clients."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-1-4-78-81-sidebar-author-s-biographies-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-1-4-78-81-sidebar-author-s-biographies-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-1-4-78-81-sidebar-author-s-biographies-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1478sidmar1,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-1-chapter-4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 1:4 (78-81): SIDEBAR: Mark 1 (1944)"",""caption-linebreaks"":""Mark 1 (1944)
Conceived by Howard H. Aiken of Harvard University in 1937, the first automatic digital computer\nwas built by International Business Machines in 1944. An automatic sequence controlled calculator, it\nwas first used for computing ballistic data. The computer could do three additions per second, working\nas fast as 20 people on calculators. The Mark 1 took up a lot of space; it was 51 ft. long and 8 ft. high,\nwith 750,000 parts."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-1-4-78-81-sidebar-mark-1-1944-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-1-4-78-81-sidebar-mark-1-1944-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-1-4-78-81-sidebar-mark-1-1944-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1478sidprog,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-1-chapter-4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 1:4 (78-81): SIDEBAR: Programming Conventions for BASIC Technical Analysis subroutines:"",""caption-linebreaks"":""Programming Conventions for BASIC\nTechnical Analysis subroutines:
NO Input/Output routine is provided, only a generic BASIC computational subroutine containing the\nfundamental technical analysis is provided. This subroutine should, with only minor changes, work on\nany computer using the BAS C language.
INPUT data (daily, weekly, monthly, etc.) must be provided by the user (i.e. YOU) in the following\nmatrix format: X(7,NUM) where"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-1-4-78-81-sidebar-programming-conventions-for-basic-technical-analysis-subroutines-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-1-4-78-81-sidebar-programming-conventions-for-basic-technical-analysis-subroutines-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-1-4-78-81-sidebar-programming-conventions-for-basic-technical-analysis-subroutines-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1486sidun11,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-1-chapter-4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 1:4 (86-88): SIDEBAR: Univac 1 (1951)"",""caption-linebreaks"":""Univac 1 (1951)
Delivered to the government in 1951 to help with the census, it cut human work hours from 200,000\nto 28,000. On October 3, 1963, the computer was retired after 73,000 hours of operation and is now on\ndisplay at the Smithsonian Institution."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-1-4-86-88-sidebar-univac-1-1951-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-1-4-86-88-sidebar-univac-1-1951-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-1-4-86-88-sidebar-univac-1-1951-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1492lettote,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-1-chapter-4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 1:4 (92-95): Letters to Technical Analysis"",""caption-linebreaks"":""Letters to Technical Analysis
This column is our means of communicating with our subscribers and serves as an outlet for questions\nand answers. Please feel free to write about anything that you would like to know more (or less) about or\npass along to the rest of us. We all run across trading techinques, services and products that have proven\nto be useful to some degree under different market conditions. Without a constant source of new ideas\nand subject matter coming from our readers this magazine would not exist. Each issue is designed to\nhold at least one idea or clarify one subject that COULD justify your subscription cost.
7 April 1983
Technical Analyst
Seattle, WA
Dear Jack:
As always, I enjoyed getting an update on how you are doing today on the phone. I had some\nobservations I thought you might enjoy.
1. Your sincerity seems to filter thru in conversation and in your publication. I think this is very\nattractive to readers as they are often drawn to publications that seek as well as present. Subscribers that\nwould subscribe to your magazine are probably in general, seekers of truth in a sense. Therefore your\nemphasis that this magazine can be a marketplace for the central exchange of knowledge concerning\nspeculation has and will continue to have a draw, in and of itself. Emphasize it."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-1-4-92-95-letters-to-technical-analysis-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-1-4-92-95-letters-to-technical-analysis-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-1-4-92-95-letters-to-technical-analysis-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1510sidprog,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-1-chapter-5"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 1:5 (105-108): SIDEBAR: Programming Conventions for BASIC Technical Analysis subroutines:"",""caption-linebreaks"":""Programming Conventions for BASIC Technical\nAnalysis subroutines:
NO Input/Output routine is provided, only a generic BASIC computational subroutine containing the\nfundamental technical analysis is provided. This subroutine should, with only minor changes, work on\nany computer using the BASIC language.
INPUT data (daily, weekly, monthly, etc.) must be provided by the user (i.e. YOU) in the following\nmatrix format: X(7,NUM) where"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-1-5-105-108-sidebar-programming-conventions-for-basic-technical-analysis-subroutines-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-1-5-105-108-sidebar-programming-conventions-for-basic-technical-analysis-subroutines-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-1-5-105-108-sidebar-programming-conventions-for-basic-technical-analysis-subroutines-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1510lettote,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-1-chapter-5"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 1:5 (108-109): Letters to Technical Analysis"",""caption-linebreaks"":""Letters to Technical Analysis
This column is our means of communicating wit our subscribers and serves as an outlet for questions and\nanswers. Please feel free to write about anything that you would like to know more (or less) about or pass\nalong to the rest of us. We all run across trading techniques, services and products that have proven to be\nuseful to some degree underd different market conditions. Without a constant source of new ideas and\nsubject matter coming from our readers this magazine would not exist. Each issue is designed to hold at\nleast one idea or clarify one subject that COULD justify your subscription cost.
Dear Mr. Hutson,
Enclosed is my application for Technical Analysis . I just received Volume I, Number 1, and really\nenjoyed it. I especially enjoyed your article on \""How I Done It\"", this is very practical. I would enjoy a\nmore complete analysis of the Stochastic and Channel index indicators (I didn't receive Commodities\nMagazine in 1980, would you mind sending my a copy of that article by Don Lambert.)
Do you have, or will you have any meetings in the Seattle, Tacoma area? I would like to get a hand on\nevaluation of computer evaluation. From what I've read, the IBM 16 BIT computers are more ideally\ndesigned for sophisticated software and yet it seems that most software is for the Apple II. I've been using\na Hp41CV but want to get a computer soon. I have just been trading commodities for a year now and am\nanxious on how to design my own set of indicators just like you said you did.
I have been using RSI and Directional Indicators of Wilder's and am anxious to learn more.\nThank you for your assistance.
Sincerely,
D.A.C.\nMorton, WA"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-1-5-108-109-letters-to-technical-analysis-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-1-5-108-109-letters-to-technical-analysis-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-1-5-108-109-letters-to-technical-analysis-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v1717sidsid1,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-1-chapter-7"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 1:7 (173-178): SIDEBAR: SIDEBAR 1"",""caption-linebreaks"":""SIDEBAR 1
*** COMPARISON OF ***
ORIGINAL: OLD
AND
MODIFIED: NEW
*** PREPARED: 831106
ADDED 1181 P$ = \""1: SAMPLE ALL 2: SAMPLE & AVG DAYS :\"": VTAB 2: HTAB\n1: PRINT P$;: INPUT \"" \"";A"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-1-7-173-178-sidebar-sidebar-1-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-1-7-173-178-sidebar-sidebar-1-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-1-7-173-178-sidebar-sidebar-1-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20112lettos,d,"{""minimum-quantity"":""1"",""path"":""chap1jan201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:1 (12-14): Letters To S&C"",""caption-linebreaks"":""BALANCE OF MARKET POWER
Editor,
In “Balance Of Market\nPower” (S&C, August\n2001), author Igor\nLivshin constructs an\noscillator based on\nthree types of rewards. But I think it\nlacks one more type of reward: today’s\nopen minus yesterday’s close; that is,\novernight action on digesting news by\nmarket participants. Without this, the\noscillator may interpret the situation\nincorrectly.
Suppose the Nasdaq opened down\nwith a gap of 100 points, then rallied\nfrom the open 50 points, and closed at\nthe high of the day. Say the situation\nrepeated five days in a row. Calculating\nthe oscillator’s value based on the four\nintraday values (today’s open, high, low,\nclose) will indicate a very bullish bias,\nwhen in reality the price was dropping\nlike a stone.
ANNA MOZHAEVA, via e-mail\nRussia
Ivor Livshin replies:
This suggested addition to the BMP\nformula would cover the after-the-market-\nclose activity (specifically,\ngaps). However, I personally would not\ninclude this part in the BMP calculation\nfor the following reasons:
1 Gaps happen relatively seldom, and\ntheir impact on multiple days’ (say, 14\ndays) aggregate value of the BMP\nindicator is minimal. I can’t ever\nremember seeing five gaps in a row.
2 Very often, the overnight activity is\nwrong and has a short-lived impact on\nthe market direction."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-1-12-14-letters-to-s-c-20.gif"",""height"":""262"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-1-12-14-letters-to-s-c-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-1-12-14-letters-to-s-c-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20116relvig,d,"{""minimum-quantity"":""1"",""path"":""chap1jan201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:1 (16-20): Relative Vigor Index by John F. Ehlers"",""caption-linebreaks"":""Relative Vigor Index by John F. Ehlers
Here’s an old concept brought to light using modern\nfilters to make it a practical, useful indicator.
Since the inception of STOCKS &\nCOMMODITIES (happy 20th anniversary\nyear!), there have been several\ndevelopments in technical analysis\nthat have merged old concepts\nwith new technologies. Like the\nmagazine itself, the indicator discussed here will\nalso be merging the old and new. The relative vigor\nindex (RVI) uses concepts dating back to the beginning\nof this magazine and also uses modern filter and digital\nsignal processing theory to realize those concepts as a\npractical and useful indicator.
The idea behind the RVI is basic — prices tend to\nclose higher than they open in up markets and close\nlower than they open in down markets. The vigor, or\nenergy, of the move is thus established by where the\nprices end up at the close. To normalize the index to\nthe daily trading range, divide the change of price by the maximum range of prices for the day. Thus, the\nbasic equation for the RVI is:
RVI = (Close-Open) / (High-Low)
As you can see, the formula resembles that of an\noscillator."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-1-16-20-relative-vigor-index-by-john-f-ehlers-21.gif"",""height"":""262"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-1-16-20-relative-vigor-index-by-john-f-ehlers-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-1-16-20-relative-vigor-index-by-john-f-ehlers-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20122dettre,d,"{""minimum-quantity"":""1"",""path"":""chap1jan201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:1 (22-25): Detecting Trend Direction And Strength by Barbara Star, Ph.D."",""caption-linebreaks"":""Detecting Trend Direction And Strength by Barbara Star, Ph.D.
Using an indicator by itself can reveal a portion\nof the entire picture. Combining it with another\ncan reveal more.
Traders use technical indicators to\nrecognize market changes. They\nlook to indicators for signs of\nprice direction, momentum shifts,\nand market volatility. Among the\nmost sought-after indicators are\nthose that identify price trends. Traditionally,\nmoving averages serve that purpose, but they\nsuffer from whipsaw action during price\nconsolidations. However, there is another\napproach. This article shows how to combine two\npopular indicators to help traders detect not only\ntrend direction but also trend strength.
The indicators involved are the average\ndirectional index (ADX) and the moving average\nconvergence/divergence (MACD). The ADX\nfunctions as a trend detector, rising as price\nstrengthens into an identifiable trend and falling\nwhen price moves sideways or loses its trending\npower. ADX values in the 20 to 30 range indicate\nmild to moderate trending behavior, while\nvalues above 30 usually signify a strong trend.\nUnfortunately, the ADX does not reveal the\ntrend direction. The MACD, on the other hand,\nindicates price momentum and can also be used\nto identify price direction as it rises above its\ntrigger line or falls below its zero line."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-1-22-25-detecting-trend-direction-and-strength-by-barbara-star-ph-d-21.gif"",""height"":""262"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-1-22-25-detecting-trend-direction-and-strength-by-barbara-star-ph-d-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-1-22-25-detecting-trend-direction-and-strength-by-barbara-star-ph-d-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20126thirdi,d,"{""minimum-quantity"":""1"",""path"":""chap1jan201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:1 (26-29): The Third Dimension Of Option Trading by Don A. Singletary"",""caption-linebreaks"":""The Third Dimension Of Option Trading by Don A. Singletary
Here’s how you can profit from trading volatility.
Sometimes when you purchase an option, you\nmight see the underlying futures contract move\nin your favor, perhaps enough to overcome the\ntime decay of the value of the option, and then\nyou might find yourself bewildered that a profit has yet to be realized. Other times you may be awaiting time-decay\nerosion, only to find it is a much slower decay than\nanticipated. More often than not, these situations are due to a\nchange in volatility."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-1-26-29-the-third-dimension-of-option-trading-by-don-a-singletary-21.gif"",""height"":""262"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-1-26-29-the-third-dimension-of-option-trading-by-don-a-singletary-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-1-26-29-the-third-dimension-of-option-trading-by-don-a-singletary-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20130poinfi,d,"{""minimum-quantity"":""1"",""path"":""chap1jan201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:1 (30-33): Point & Figure Charting by David Penn"",""caption-linebreaks"":""Point & Figure Charting by David Penn
With all its Xs and Os, three-point reversals,\nand subtle-but-effective chart patterns, point\nand figure charting is still all about supply\nand demand.
What if you were turned on to\na method of charting the\nmarket that was as\napplicable to Cisco Systems\nas it was to the September\nlight crude futures contract?\nWhat if this method also meant all those\nindicators and oscillators that reminded you\nmore of an EKG machine than a way of making\nmoney could be tossed overboard? What if this\nmethod went one step further and allowed you\nto forget about all those volume bars at the\nbottom of your charts (since volume bars can be\nnotoriously inaccurate)?\nWhile many market players spend their\ntime devising ever more complex ways of\ninterpreting price and volume data, others\ncontinue to insist the simpler methods —\nfrom simple bar and candlestick charts to\nmoving average crossovers — are easier to\nlearn, revise, refine, and profit from. Point\nand figure charting can certainly be included\namong these simpler methods. Even the chief\nobstacle to using point and figure charts, the\nat-times tricky process of first learning how\nto accurately post P&F charts, has been\nvirtually eliminated by charting software\nprograms (some of them online), most of\nwhich feature point and figure charting as an\noption."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-1-30-33-point-figure-charting-by-david-penn-21.gif"",""height"":""262"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-1-30-33-point-figure-charting-by-david-penn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-1-30-33-point-figure-charting-by-david-penn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20134fourli,d,"{""minimum-quantity"":""1"",""path"":""chap1jan201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:1 (34-42): The Four Lines Trading System by Viktor Likhovidov"",""caption-linebreaks"":""The Four Lines Trading System by Viktor Likhovidov
Here’s a simple, reliable, universal system for\ntrading the markets.
The creation of a personal trading\nsystem requires a personal\nunderstanding of the nature of the\nmarkets and the peculiarities of\nmarket behavior. It’s also critical for\nyou to have a simple yet universal\nand reliable strategy from the beginning. One\nstrategy I particularly like is based on a single\nindicator and includes simple but powerful statistical\nprocedures for constructing reference lines that\ngenerate trading signals.
THE FOUR LINES
When you are using the relative strength index (RSI)\n— as well as many other oscillators — in trading,\nthe rule of thumb is to sell when RSI leaves the\noverbought area and buy when it leaves the oversold\narea. The market is usually considered overbought\nwhen RSI is higher than 70 and oversold when RSI\nis lower than 30. But a practical application shows\nthese generated trading signals are not reliable.\nAfter the overbought/oversold levels are broken,\nthe chart frequently goes in the opposite direction,\nresulting in too large a percentage of losing positions.\n(For details on the RSI oscillator, see sidebar “RSI\noscillator and its main properties.”)
Usually, additional indicators are introduced in\norder to improve an RSI-based trading system. (That\ndoesn’t necessarily mean the system becomes more\nefficient, but it does become more complex.) It is\npossible, and much easier, to test and analyze a\ntrading plan based on a single indicator."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-1-34-42-the-four-lines-trading-system-by-viktor-likhovidov-21.gif"",""height"":""262"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-1-34-42-the-four-lines-trading-system-by-viktor-likhovidov-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-1-34-42-the-four-lines-trading-system-by-viktor-likhovidov-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20144pricpe,d,"{""minimum-quantity"":""1"",""path"":""chap1jan201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:1 (44-47): Price Persistency by Gordon Gustafson"",""caption-linebreaks"":""Price Persistency by Gordon Gustafson
Interested in measuring a short-term trend? Here’s an\nindicator you can use.
For years, academics have made the case that\nprice movement is random: future price\nchanges are unrelated to past price changes.\nAlthough they are random, runs occur in any\nseries of data. Knowing something about\nthese runs can add valuable information to\nany trading program.
WHAT IS IT?
Price persistency is the number of days that a market continues\nto close either up or down. It’s another term for a market run.\nAs an indicator, price persistency is a measure of a very short-term\ntrend based only on the history of the market’s movement,\nunfiltered by any complex calculation; all it involves is\ncounting."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-1-44-47-price-persistency-by-gordon-gustafson-21.gif"",""height"":""262"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-1-44-47-price-persistency-by-gordon-gustafson-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-1-44-47-price-persistency-by-gordon-gustafson-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20148inwhat,d,"{""minimum-quantity"":""1"",""path"":""chap1jan201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:1 (48-60): Interview: What Is The Future Of Trading? by Jayanthi Gopalakrishnan"",""caption-linebreaks"":""What Is The Future Of Trading? by Jayanthi Gopalakrishnan
At The Start Of Our 20th Year, We Ask:
What Is The Future Of Trading?
The trading exchanges have been going through various\nchanges lately, shifting from member-sponsored entities to\nfor-profit organizations. They are also introducing more\nproducts, giving us a greater array to choose from. What does\nthis portend for the trading industry? To find out, STOCKS &\nCOMMODITIES Editor Jayanthi Gopalakrishnan spoke with Bob Fitzsimmons of the Nasdaq LIFFE market, David Prosperi\nof the Chicago Board of Trade (CBOT), and William J. Rainer\nof the joint venture of the Chicago Mercantile Exchange\n(CME), the Chicago Board Options Exchange (CBOE), and\nthe CBOT, formally named OneChicago, LLC. Here’s what\nthey had to say.
Bob Fitzsimmons was most recently with\nNasdaq’s former parent, the National\nAssociation of Securities Dealers. Prior\nto that, Fitzsimmons was a managing\ndirector at Nomura Securities\nInternational, running its futures\nbusiness. He started the futures division\nfor Nomura in 1990, and within three\nyears, the division was one of the top 20\nfutures commission merchants (FCMs).\nBefore joining Nomura, he was a broker\nin the Treasury bond options pit for\nKidder, Peabody & Co.\nFitzsimmons became a member of\nthe CBOT in 1987, and was a member of\nthe CME. He was an active member\nparticipant on FCM committees at both\nexchanges."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-1-48-60-interview-what-is-the-future-of-trading-by-jayanthi-gopalakrishnan-21.gif"",""height"":""262"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-1-48-60-interview-what-is-the-future-of-trading-by-jayanthi-gopalakrishnan-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-1-48-60-interview-what-is-the-future-of-trading-by-jayanthi-gopalakrishnan-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v2016266trad,d,"{""minimum-quantity"":""1"",""path"":""chap1jan201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:1 (62-64, 66): Traders’ Tips"",""caption-linebreaks"":""Traders’ Tips
TRADESTATION: RELATIVE VIGOR INDEX
John Ehlers’s article “Relative Vigor Index (RVI)” in this\nissue includes a version of EasyLanguage code for the\nindicator. That version includes hardcoded implementations\nof a symmetrically weighted moving average in three places,\nand also a hardcoded implementation of two summations.\nWe provide an alternative version below that replaces these\nhardcoded implementations with function calls. This version\nproduces identical results, except for minor initialization\ndifferences.
The SWMA, also known as a triangular moving average,\ncan be conveniently implemented as a double simple moving\naverage, and this code can be separated out into a function\nthat can than be called from the main body of the code as\nmany times as necessary. TradeStation includes a TriAverage\nfunction, but the function required here is a little more\ngeneralized, so it we call it TriAverage_gen and provide the\ncode for it below, following the main indicator code.\nSummation is another built-in function in TradeStation, and\nwe use that as is."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-1-62-64-66-traders-tips-21.gif"",""height"":""262"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-1-62-64-66-traders-tips-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-1-62-64-66-traders-tips-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20165qabydo,d,"{""minimum-quantity"":""1"",""path"":""chap1jan201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:1 (65-66): Q&A by Don Bright"",""caption-linebreaks"":""Q&A by Don Bright
MARKET MAKERS AND SYMBOLS
First, I want to thank you for your efforts\nin educating new traders. I’ve reviewed\nsome of the information available at the\nNYSE and Nasdaq websites. There’s a\nton of material to learn from, but I still\nhaven’t figured out where to find the\nsymbols representing exchange\nmembers or how to trace their end-of-day\ntrading activities.
Second, I have to confess that I speak\nas a naive equity trader from home with\na three- to five-day perspective. I am\ntrying to figure out the rules and\nparticipants on the playing field(s). Who\nare these players, what are they doing,\nwhat does it mean? What are some of\nthe intermarket relationships (for\nexample, WRT futures)?
You sometimes refer to “market\nmaker.” I am sure that many readers\nwould appreciate having a better\nunderstanding of who the different\nmarket makers or participants are, and\nhow individual investors or traders\nshould interpret their actions. Also, I\nwould appreciate knowing where I could\nfind timely information (preferably on\nthe web) on what the major market\nmakers such as exchange members are\nbuying and selling. —Kurbanis Said"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-1-65-66-q-a-by-don-bright-21.gif"",""height"":""262"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-1-65-66-q-a-by-don-bright-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-1-65-66-q-a-by-don-bright-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20167prodre,d,"{""minimum-quantity"":""1"",""path"":""chap1jan201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:1 (67-70): Product Review: Behold! by Dennis D. Peterson"",""caption-linebreaks"":""Behold! by Dennis D. Peterson
Macintosh users, rejoice!\nThere is trading software\nout there that you can\ndownload and use with\nend-of-day data, and the\nsoftware is Behold! Using a Mac with a\n40MHz processor and OS 7.6.2, I was\nable to install Behold! and download\nCommodity Systems, Inc. (CSI), end-of-\nday data (I also had to download\nfreeware called SpiffyCharts to interface\nwith CSI). The first day I used the\nproduct, the initial portfolio definition\nto retrieve CSI data didn’t work, but\nafter shutting down and trying again the\nnext day, I managed to retrieve the data\nfor the six symbols, with no changes\nmade. Developer Jim Payne also tried it\nand after telling me to try it again, it\nworked and so did other items. At this\npoint I am willing to write off a bunch of\nodd little failures to my older version of\nthe operating system. The program can\nalso be hosted on a PC using a freeware\nMac emulator, BasiliskII, which is\nincluded in the Behold! CD."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-1-67-70-product-review-behold-by-dennis-d-peterson-21.gif"",""height"":""262"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-1-67-70-product-review-behold-by-dennis-d-peterson-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-1-67-70-product-review-behold-by-dennis-d-peterson-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20170quicsc,d,"{""minimum-quantity"":""1"",""path"":""chap1jan201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:1 (70): Quick Scan: Traders International by Jayanthi Gopalakrishnan"",""caption-linebreaks"":""Traders International by Jayanthi Gopalakrishnan
TRADERSINTERNATIONAL.NET
Do you trade the Standard & Poor’s 500\nor the Nasdaq 100 contracts? Are you\nstill looking for a successful trading\nsystem? After seeing so many traders\nexperience large drawdowns in their\ntrading, and after evaluating and\nbacktesting many strategies, developer\nAfshin Taghechian decided to offer the\nstrategies that have brought him success.\nHe is the founder and president of\nTraders International Inc. He offers\ntraining workshops with the intention\nof educating traders to use a trading\nmethod he refers to as TIMES (Traders\nInternational Market Expert System).
The TIMES method is relatively straight-forward,\nwith a very short trading period,\nmaking a profit of two points at a time\nwith as many as eight to nine opportunities\na day. While we haven’t tested or used\nthe system ourselves (system testing is\nnot part of our format at S&C), according\nto Taghechian, it’s simple and involves\njust a chart and two indicators. This makes\nit easy to monitor some of the most perfect\ndaytrading markets, such as the S&P 500\nand the Nasdaq 100."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-1-70-quick-scan-traders-international-by-jayanthi-gopalakrishnan-21.gif"",""height"":""262"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-1-70-quick-scan-traders-international-by-jayanthi-gopalakrishnan-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-1-70-quick-scan-traders-international-by-jayanthi-gopalakrishnan-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20171wormon,d,"{""minimum-quantity"":""1"",""path"":""chap1jan201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:1 (71-76): Working Money: The Engulfing Pattern by Sharon Yamanaka"",""caption-linebreaks"":""The Engulfing Pattern by Sharon Yamanaka
This major reversal pattern is simple to\nuse. You don’t even need additional\nindicators. Find out how.
Candlestick formations originated\nin 18th-century Japan,\nwhere the market action was\nexplained in much the same\nway that we describe stock\nmarket sentiment today: as an\nongoing battle between bulls\nand bears fighting for control. Compared to the\nbar chart, candlesticks use the same information\n(high, low, opening, and closing prices), but the\nopening and closing prices are emphasized by\nconverting them into rectangular bodies, or\ncandlesticks, that are closed (dark) when the close\nis lower than the open, and open (white) when the\nclose is higher (Figure 1). These bodies emphasize\nthe bullishness or bearishness of the market. One\nglance will give the investor an overall impression\nof darkness or light that can highlight a stock’s rise\nor fall, even when the overall trend isn’t particularly\napparent. And therein lies the strength of this\ncharting technique."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-1-71-76-working-money-the-engulfing-pattern-by-sharon-yamanaka-21.gif"",""height"":""262"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-1-71-76-working-money-the-engulfing-pattern-by-sharon-yamanaka-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-1-71-76-working-money-the-engulfing-pattern-by-sharon-yamanaka-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20178wormon,d,"{""minimum-quantity"":""1"",""path"":""chap1jan201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:1 (78-79): Working Money: Bollinger Bands by Amy Wu"",""caption-linebreaks"":""Bollinger Bands by Amy Wu
Here’s a useful and classic\nindicator.
Bollinger Bands are a type of\nenvelope analysis that uses\nstandard deviations in\ncalculation rather than a fixed\npercentage. Created by John\nBollinger, the bands are\ndisplayed as upper and lower\nlimits (derived from the security price’s\nstandard deviation). A third, middle band\nis a moving average, usually calculated\nusing 20 days. Adding two standard\ndeviations to the middle band creates the\nupper band. Likewise, the lower band is\nfound by subtracting two standard\ndeviations from the middle band.
Standard deviation is a tool commonly\nused in statistics to find out how much a\nsample deviates from its mean. It is\ncalculated by finding the n-period simple\nmoving average of a security price (or\nother data), taking the sum of the squares of\nthe difference between the data and its\nmoving average, and then dividing this\nsum by n. This is called the variance. The\nsquare root of the variance is the standard\ndeviation. To get two or three standard\ndeviations, simply multiply that coefficient\nto your original standard deviation."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-1-78-79-working-money-bollinger-bands-by-amy-wu-21.gif"",""height"":""262"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-1-78-79-working-money-bollinger-bands-by-amy-wu-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-1-78-79-working-money-bollinger-bands-by-amy-wu-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20180wormon,d,"{""minimum-quantity"":""1"",""path"":""chap1jan201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:1 (80-81): Working Money: Buy American by David Penn"",""caption-linebreaks"":""Buy American? by David Penn
What You Don’t Know About Investing Overseas
According to Kornitzer\nCapital Management’s\nTom Laming, some of\nthe best international\ninvestments come from\nUS companies. Confused? Read on.
\""Over there ... over\nthere ...\"" Investors\nhave long been\nencouraged to put at\nleast part of their\nhard-earned dollars to work in\nthe equities markets of other\ncountries. Given the more\npredictable returns readily\navailable from the US stock\nmarkets, convincing investors to\ninvest in companies they may\nnever have patronized, operating\nin countries they may have never\nvisited, can be no mean feat.
In order to do so, a variety of\nsales pitches, claims, and\ncounterclaims have been made\nabout investing overseas — all\nwith the goal of convincing\ninvestors that there are indeed\nmajor opportunities in markets\noutside of the US. For these\npitches, international investing\noffers a great diversification\nhedge against downturns in the\nUS stock market and perfect exposure to global growth. All\nit takes is the skill, determination, and hard work to find the\nright companies or, failing that, a list of international mutual\nfunds whose managers will, for an often not-insignificant fee,\nprovide the skill, determination, and hard work that’s required."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-1-80-81-working-money-buy-american-by-david-penn-20.gif"",""height"":""262"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-1-80-81-working-money-buy-american-by-david-penn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-1-80-81-working-money-buy-american-by-david-penn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v2018294trad,d,"{""minimum-quantity"":""1"",""path"":""chap1jan201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:1 (82-89, 94-95): Traders’ Resource: Books"",""caption-linebreaks"":""Books
You can blunder around the Internet all\nyou want for information, but for focused\ninstruction on trading technique, the\nbest information can still be found in\npaper pages. Here is just a sampling of\nall that is available out there in the way\nof books for traders and investors.
No doubt, what the Internet is good\nfor is browsing and searching. Using\nthe Internet, you can quickly locate just\nabout any book on trading these days through websites such\nas those of book resellers Ino.com (http://store.ino.com),\nTrader’s Press (www.traderspressbookstore.com), and Trader’s\nLibrary (www.traderslibrary.net). In addition, the websites of\nboth Amazon and Barnes and Noble will suggest related books\nonce you home in on a subject. Those websites can also tell you\nwhat other people with similar interests are buying.
Whatever you do, if you’re starting out, be sure to read the\nwritings of Robert Edwards and John Magee, Jack Schwager,\nJ. Welles Wilder, and Edwin LeFèvre to start your education\ndown the right path. (See the handy reading list at the end of\nthe table for these books and other classic reading on technical\nanalysis.) And use the following table of information to\ndiscover other new sources."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-1-82-89-94-95-traders-resource-books-20.gif"",""height"":""262"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-1-82-89-94-95-traders-resource-books-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-1-82-89-94-95-traders-resource-books-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v2019698quic,d,"{""minimum-quantity"":""1"",""path"":""chap1jan201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:1 (96, 98): Quick Scans: OptionBook 2.0 by David Penn"",""caption-linebreaks"":""OPTIONBOOK 2.0
The Applied Research Co.
53 West Jackson Boulevard\nSuite #337
Chicago, IL 60604-3608
Phone: 312 922-7882
Fax: 312 922-7893
E-mail: info@AppliedResearch.com
Internet: www.appliedresearch.com
Product: Interactive pricing tool for\nstock, index, futures, and currency\noptions. Requires Microsoft Excel 97/\n2000.
Price: $29.95
Is there a sphere of financial speculation\nmore daunting than the world of options?\nIf keeping puts and calls isn’t\nintimidating enough for many successful\ntraders thinking about taking the\nderivative leap, then the host of variables\n— from delta, gamma, theta, vega, and\nrho to implied volatility — are often\nenough to send many would-be options\ntraders running for more familiar\nground."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-1-96-98-quick-scans-optionbook-2-0-by-david-penn-20.gif"",""height"":""262"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-1-96-98-quick-scans-optionbook-2-0-by-david-penn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-1-96-98-quick-scans-optionbook-2-0-by-david-penn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20197prodre,d,"{""minimum-quantity"":""1"",""path"":""chap1jan201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:1 (97-98): Product Review: MarketWise by David Penn"",""caption-linebreaks"":""MarketWise by David Penn
Own The Knowledge: A Virtual Tour\nOf MarketWise Trading School
MarketWise Trading School
6346 West 120th Avenue
Broomfield, CO 80020
Phone: 877 658-9473
Fax: 303 465-4922
E-mail: info@marketwise.com
Internet: www.marketwise.com
Product: A CD-based virtual tour of\nthe MarketWise Trading School,\nfeaturing an overview of the school’s\ntrading philosophy, premarket setup,\nand daytrading demonstration.
Price: Free
As far as David S. Nassar, the\nchief executive officer (CEO)\nof MarketWise Trading\nSchool, is concerned, there\nare three reasons people get\ninvolved in the stock market: greed,\nexcitement, and passion. And while\nsuccess, in his opinion, comes only to\nthose who are truly passionate about\ntrading stocks, he cautions that passion by\nitself is not enough. In the message that\nbegins the virtual tour of MarketWise’s\ntrading school, Nassar insists he doesn’t\nwant anyone entering the market who\nhasn’t been trained and isn’t qualified to\nbe there. Otherwise, “the professionals\nwho know what they are doing will be\nthere to take your money.”
This is the cornerstone of the\nMarketWise trading philosophy, an\nintroduction to which is now available\nthrough a virtual tour. “Own the\nKnowledge,” MarketWise’s narrated\nguide to its trading school, marries time-tested\nguidelines for trading with 21st-century\nbreakthroughs in Internet\ntechnology and order routing to provide\nan intriguing opportunity for those\nlooking to get started trading stocks, as\nwell as for experienced traders looking\nfor a recharge."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-1-97-98-product-review-marketwise-by-david-penn-20.gif"",""height"":""262"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-1-97-98-product-review-marketwise-by-david-penn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-1-97-98-product-review-marketwise-by-david-penn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20117webrev,d,"{""minimum-quantity"":""1"",""path"":""chap10oc202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:10 (117): Website Review: OptionSites.com by Jayanthi Gopalakrishnan"",""caption-linebreaks"":""Website Review: OptionSites.com by Jayanthi Gopalakrishnan
Trying to find good options-related sites on the Internet is — as I discovered — a time-consuming task. Site\nafter site contained nothing but proprietary information with testimonials and promising triple-digit returns. I was relieved when I finally came across OptionSites.com, which, not surprisingly, listed quite a few other option sites. The simplicity of the website’s design and its clarity encouraged me to stop and take a more detailed look."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-10-117-website-review-optionsites-com-by-jayanthi-gopalakrishnan-22.gif"",""height"":""266"",""width"":""201""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-10-117-website-review-optionsites-com-by-jayanthi-gopalakrishnan-26.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-10-117-website-review-optionsites-com-by-jayanthi-gopalakrishnan-27.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v2011prodrev,d,"{""minimum-quantity"":""1"",""path"":""chap10oc202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:10 (118-119): Product Review: X-Charts by Jayanthi Gopalakrishnan"",""caption-linebreaks"":""Product Review: X-Charts by Jayanthi Gopalakrishnan
Do you trade the e-minis? Tradesignals.com offers\nyou X-Charts, a product specifically designed for emini\ntraders. As Java-based technology, X-Charts requires no plugins, so it can be used with any browser. There’s no need to download or install the product.
Once you launch X-Charts from the Tradesignals.com website, the application requests a username and password, which means you need to sign up for a seven-day trial (this requires a credit card number). After entering your username and password, a Java chart and streaming quotes will appear on your screen.\nDon’t be surprised if it takes a minute or two for the display to load fully."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-10-118-119-product-review-x-charts-by-jayanthi-gopalakrishnan-20.gif"",""height"":""266"",""width"":""201""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-10-118-119-product-review-x-charts-by-jayanthi-gopalakrishnan-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-10-118-119-product-review-x-charts-by-jayanthi-gopalakrishnan-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v2012lettosc,d,"{""minimum-quantity"":""1"",""path"":""chap10oc202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:10 (12-22): Letters To S&C"",""caption-linebreaks"":""Letters To S&C
FAST FOURIER TRANSFORM
Editor,
The recent article “Fast Fourier Transform” by Amy Wu in the July 2002 STOCKS & COMMODITIES was an informative article. The last two sentences stated: “...many aspects, such as phase, are being discounted to fit the type of data in use. [I agree.] Still, interpreted correctly, FFT can greatly enhance your accuracy on other more fitted indicators.”
We need a followup article telling us what these other indicators are — such as stochastics, MACD, RSI and others — and how to select the best parameters for them using the FFT results.
LEE S. AKIN, via e-mail"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-10-12-22-letters-to-s-c-20.gif"",""height"":""266"",""width"":""201""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-10-12-22-letters-to-s-c-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-10-12-22-letters-to-s-c-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v2012prodrev,d,"{""minimum-quantity"":""1"",""path"":""chap10oc202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:10 (120-121): Product Review: Option Evaluator by David Penn"",""caption-linebreaks"":""Product Review: Option Evaluator by David Penn
Is option evaluation software from one of the most prominent spokespersons for options trading necessarily better than option evaluation software from the average software trading outfit? Perhaps not. But there is something reassuring about an options software product from The Option Strategist, the options analysis group run by Lawrence G. McMillan (author of McMillan On Options and Options As A Strategic Investment, and acknowledged by S&C as a hero of technical analysis. McMillan has long been acknowl-edged to be one of the experts in the field of speculating and hedging with options."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-10-120-121-product-review-option-evaluator-by-david-penn-20.gif"",""height"":""266"",""width"":""201""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-10-120-121-product-review-option-evaluator-by-david-penn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-10-120-121-product-review-option-evaluator-by-david-penn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20122bookfo,d,"{""minimum-quantity"":""1"",""path"":""chap10oc202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:10 (122): Books For Traders"",""caption-linebreaks"":""Books For Traders
The Winning Edge 4: Traders’ & Investors’ Greater Success (227 pages, $69.00 hardcover, 2002, ISBN\n0934380821), by Adrienne Laris Toghraie, published\nby Traders Press, Inc.
Okay, you have a good trading system. It gives you signals that prove profitable more than 75% of the time. Your money management program keeps your overall risk to a minimum. So why aren’t you making lots of money? Perhaps what is lacking is the proper emotional outlook. The mental and emotional arena is the focus of this book. Toghraie’s belief in repeating the\nbasics of good trading practices over and over,\nuntil they become almost unconscious reactions,\nis just part of the guidance she brings to\nthe traders and investors who follow her teaching. . ."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-10-122-books-for-traders-20.gif"",""height"":""266"",""width"":""201""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-10-122-books-for-traders-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-10-122-books-for-traders-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v2024calspre,d,"{""minimum-quantity"":""1"",""path"":""chap10oc202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:10 (24-30): Calendar Spreads by Joe Corona and Bill Winger"",""caption-linebreaks"":""Calendar Spreads by Joe Corona and Bill Winger
Look at the different ways you can use this strategy.
The calendar spread, also known as the time spread or the horizontal spread, is so called because it exploits differences in time value between options. Time value is the difference between the option’s market price and its intrinsic value. The magnitude of the time value depends on a number of variables, including the strike price of the option, the price of the underlying, and the implied volatility of the option.
The calendar spread is composed of two options of the same type (both puts or both calls), with the same strike price, but with different expiration months. For example:
Short 1 ITI — Jan 55 call
Long 1 ITI — Mar 55 call
The objective of this spread — demonstrated later — is to profit from the faster time-value decay of the near-month option. In order to make sense of this technique, a clear understanding of time decay is required. The key point to remember is this: assuming — and this is a major assumption — all other variables\nare held constant as expiration approaches, the price and time value of an option become progressively smaller."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-10-24-30-calendar-spreads-by-joe-corona-and-bill-winger-20.gif"",""height"":""266"",""width"":""201""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-10-24-30-calendar-spreads-by-joe-corona-and-bill-winger-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-10-24-30-calendar-spreads-by-joe-corona-and-bill-winger-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v2032titofte,d,"{""minimum-quantity"":""1"",""path"":""chap10oc202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:10 (32-38): The Titans Of Technical Analysis by David Penn"",""caption-linebreaks"":""The Titans Of Technical Analysis by David Penn
A not-so-random walk through the history of charting the markets.
Many years ago, a poet friend who was editing a collection of contemporary verse noted to me that “about half the working poets in America are going to be really upset about this anthology. Of course, the other half of them are in the book. …”
Such sentiments came to mind when I embarked upon the task of highlighting the few among the many whose contributions to the field of technical analysis have made them what STOCKS & COMMODITIES has designated the “Titans Of Technical Analysis.” How subjective is such a list? In some ways, all too subjective — particularly with those whose contributions are more recent or are less widely enjoyed. Virtually all of those who did not make the top 20 — the prolific Tom Dorsey, the insightful Linda Bradford Raschke, indicator builder Tushar Chande — have no one to blame but us. Others, including a few of Jack Schwager’s “market wizards,” were considered more master traders than master technicians, and thus not a part of our list. Still other worthies, such as\nRichard Schabaker, are remembered more for their relations. (Schabaker was the brother-in-law of Robert Edwards of Edwards and Magee fame. It was Edwards who took over Schabaker’s market research organization after the latter’s sudden death in 1935.)"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-10-32-38-the-titans-of-technical-analysis-by-david-penn-20.gif"",""height"":""266"",""width"":""201""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-10-32-38-the-titans-of-technical-analysis-by-david-penn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-10-32-38-the-titans-of-technical-analysis-by-david-penn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v2040trutabt,d,"{""minimum-quantity"":""1"",""path"":""chap10oc202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:10 (40-43): The Truth About Trendlines by Thomas Bulkowski"",""caption-linebreaks"":""The Truth About Trendlines by Thomas Bulkowski
Many of the rumors about trendlines are true. Find out what the facts are here.
Is it true that the longer a trendline is, the more significant it becomes? The answer is yes, but this in turn raises other questions. How long should the trendline be to qualify? What is meant by significant? While researching my book Trading Classic Chart Patterns I found lots of platitudes, but little substance. No one seemed to knowhow well trendlines behaved, or at any rate no one was telling. I decided to find out.
A BRIEF REVIEW
In case you are unfamiliar with trendlines, take a look at\nFigure 1. Here, downsloping trendlines along daily prices connect the minor highs. This way I can see when the trend changes from down to up (as it did in October 2001, when prices briefly closed above the trendline). Similarly, I draw upsloping trendlines connecting the minor lows. Again, I’m looking for a trend change warning, and when prices close below the trendline, that’s when I get worried. I avoid drawing the trendline through prices, as in the internal trendline\nshown in Figure 2. To draw internal trendlines, ignore\nthe one-day price spikes (called tails) and base your trendline on what the majority of traders are doing. This way, you move with the crowd and ignore the independents."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-10-40-43-the-truth-about-trendlines-by-thomas-bulkowski-20.gif"",""height"":""266"",""width"":""201""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-10-40-43-the-truth-about-trendlines-by-thomas-bulkowski-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-10-40-43-the-truth-about-trendlines-by-thomas-bulkowski-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v2044wormonb,d,"{""minimum-quantity"":""1"",""path"":""chap10oc202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:10 (44-46): Working Money: Beat The Markets With McNeel And Lynch by James Maccaro"",""caption-linebreaks"":""Working Money: Beat The Markets With McNeel And Lynch by James Maccaro
Two viewpoints, both resulting in spectacular gains.
W. McNeel was one of the leading writers about the stock market during the boom years of the 1920s. From\n1912 to 1922, he was the financial editor of the respected Boston Herald, and in 1922 he started McNeel’s Financial Service, an early stock market newsletter.
As the bull market of the 1920s got into high gear, investment newsletters became popular and McNeel’s venture prospered. He advertised it as the newsletter for “An Envied Aristocracy of Successful\nInvestors.” In 1927, McNeel wrote a fascinating summary of the fundamentals of investing titled\nBeating The Stock Market, a bestseller that went through many printings. Today, the work provides both insights into the timeless rules of successful investing and valuable historical perspective."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-10-44-46-working-money-beat-the-markets-with-mcneel-and-lynch-by-james-maccaro-20.gif"",""height"":""266"",""width"":""201""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-10-44-46-working-money-beat-the-markets-with-mcneel-and-lynch-by-james-maccaro-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-10-44-46-working-money-beat-the-markets-with-mcneel-and-lynch-by-james-maccaro-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v2048qabydon,d,"{""minimum-quantity"":""1"",""path"":""chap10oc202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:10 (48): Q&A by Don Bright"",""caption-linebreaks"":""Q&A by Don Bright
TRADING DISCIPLINE
I am a new proprietary trader about seven months in. I have started moving up the learning curve, but my biggest problem is discipline. I have great entries and I feel I have developed an intuition for when something is going to move; my problem is holding on to money and sitting on my losses. For example, today I had three great trades. My problem began when I traded a stock for the fourth time and was up another 0.25 when it started to rally against me. I could have easily gotten\nout with a profit but I decided to sit a little, and ended up giving back $400.
Next I saw a short seller (150,000) stepping down. I was about to bid out when he spread the offer up to some ridiculous price, and that’s when I froze. I ended up losing a full point on 1,000 shares."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-10-48-q-a-by-don-bright-20.gif"",""height"":""266"",""width"":""201""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-10-48-q-a-by-don-bright-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-10-48-q-a-by-don-bright-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v2050desvolb,d,"{""minimum-quantity"":""1"",""path"":""chap10oc202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:10 (50-54): Designing Volatility Breakout Systems by Paolo Pezzutti"",""caption-linebreaks"":""Designing Volatility Breakout Systems by Paolo Pezzutti
Interested in improving your system’s profit factor? Here are some suggestions.
The principle of range expansion/contraction was first studied and analyzed by Toby Crabel in Technical Analysis of STOCKS & COMMODITIES. According to\nCrabel, the market oscillates between contractions and expansions. When the market moves between areas of equilibrium (the balance of supply and demand), it does so quickly through range expansion days. This forms the premise of volatility breakout systems. Since traders focus on these short-term range expansions rather than the longer-term trend, their goal should be to exploit some continuation of the movement after the\nentry price to lock in profits."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-10-50-54-designing-volatility-breakout-systems-by-paolo-pezzutti-20.gif"",""height"":""266"",""width"":""201""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-10-50-54-designing-volatility-breakout-systems-by-paolo-pezzutti-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-10-50-54-designing-volatility-breakout-systems-by-paolo-pezzutti-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v2055exyouro,d,"{""minimum-quantity"":""1"",""path"":""chap10oc202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:10 (55): Explore Your Options by Tom Gentile"",""caption-linebreaks"":""Explore Your Options by Tom Gentile
CALENDAR STRATEGY
How dependent is a calendar strategy on sideways movement?
A sideways-moving market is important, but not as important as the volatility of the options that are being used to create the calendar spread. The best calendar spreads I have seen in the markets have two important traits:
1. The options volatility of the month sold is higher than the month bought. This is referred to as volatility skew. Since volatility is the mean reverting, these usually come back together. . ."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-10-55-explore-your-options-by-tom-gentile-20.gif"",""height"":""266"",""width"":""201""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-10-55-explore-your-options-by-tom-gentile-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-10-55-explore-your-options-by-tom-gentile-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v2056wormonu,d,"{""minimum-quantity"":""1"",""path"":""chap10oc202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:10 (56-57): Working Money: Using Breakdowns by Len Yates"",""caption-linebreaks"":""Working Money: Using Breakdowns by Len Yates
Breakdowns are handy patterns to keep an eye on when you’re trading.
Pattern trading is one of the most interesting ways to trade the markets. And one of the most reliable patterns to trade is a breakdown, which occurs when a stock experiences a swift selloff. Humans have a tendency to trickle into things — as in an entry into a market — but rush out in a stampede — as in an exit from a tumbling market. Sometimes, a news announcement or a rumor is all it takes to trigger a ministampede when the news is perceived to be more significant than it really is. These little (or sometimes large) selloffs can be traded profitably."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-10-56-57-working-money-using-breakdowns-by-len-yates-20.gif"",""height"":""266"",""width"":""201""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-10-56-57-working-money-using-breakdowns-by-len-yates-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-10-56-57-working-money-using-breakdowns-by-len-yates-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v2058rsismoo,d,"{""minimum-quantity"":""1"",""path"":""chap10oc202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:10 (58-61): The RSI Smoothed by John F. Ehlers"",""caption-linebreaks"":""The RSI Smoothed by John F. Ehlers
Here’s how you can enhance the performance of the RSI.
Smoothing an indicator usually means a tradeoff between the amount of smoothing you desire and the amount of lag you can stand. In this article I will show you how the relative strength index (RSI), an indicator developed by J. Welles Wilder, can be smoothed and enhanced with a minimum of lag penalty.
RSI DEFINED
J. Welles Wilder defined the RSI as
RSI = 100 – [100 / (1 + RS)]
where RS = (closes up) / (closes down)
or = CU / CD
RS is shorthand for relative strength. CU is the sum of the difference in closing prices over the observation period where that difference is positive. Similarly, CD is the sum of the difference in closing prices during the observation period where that difference is negative, but the sum is expressed as a positive number. When you substitute CU/CD for RS and simplify the RSI equation, you get. . ."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-10-58-61-the-rsi-smoothed-by-john-f-ehlers-20.gif"",""height"":""266"",""width"":""201""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-10-58-61-the-rsi-smoothed-by-john-f-ehlers-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-10-58-61-the-rsi-smoothed-by-john-f-ehlers-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v2062wormonw,d,"{""minimum-quantity"":""1"",""path"":""chap10oc202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:10 (62-65): Working Money: When Will This Cruel Market Be Over? by Tim W. Wood, CPA"",""caption-linebreaks"":""Working Money: When Will This Cruel Market Be Over? by Tim W. Wood, CPA
The secrets of cycles fused with Dow theory is a powerful combination for market forecasting.
\nIn the November 2001 Technical Analysis of STOCKS & COMMODITIES, I suggested that a move in late 2002 would take the Dow Jones Industrial Average (DJIA) and the Standard & Poor’s 500 below the 1998 four-year cycle lows. As of this writing (July 16, 2002), this forecast has come to fruition for the S&P 500 and I am certain the DJIA will follow soon. The 1998 four-year\ncycle lows occurred at 7615 on the DJIA and 952 on the S&P 500.
Any four-year cycle that tops in 20 months or less has historically taken out the previous four-year cycle low. Going back to 1896, there have been five times when the four year cycle topped in 20 months or less, and\nevery one of these five cycles took out the previous four-year cycle low. History has proved again to be the best teacher. Take the bull market of 1974 through the 2000 top: The current four-year cycle tops occurred in\n17 months for the S&P 500 and 16 months for the DJIA. Now, with the S&P 500 below the 1998 four-year cycle lows and the DJIA soon to follow, we should see the sixth occurrence of this pattern."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-10-62-65-working-money-when-will-this-cruel-market-be-over-by-tim-w-wood-cpa-20.gif"",""height"":""266"",""width"":""201""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-10-62-65-working-money-when-will-this-cruel-market-be-over-by-tim-w-wood-cpa-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-10-62-65-working-money-when-will-this-cruel-market-be-over-by-tim-w-wood-cpa-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v2066evyourr,d,"{""minimum-quantity"":""1"",""path"":""chap10oc202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:10 (66-67): Evaluate Your Risk by Simone Vine"",""caption-linebreaks"":""Evaluate Your Risk by Simone Vine
To accurately determine risk, you must filter classical\nstatistical factors. How, you ask? With a personal risk\nprofile.
In classical statistics, risk is defined as the standard\ndeviation from the mean. To some extent, this basic concept governs the minds of most decisionmakers,\nincluding investors: A decision in a given situation carries a risk equal to the deviation from the average person’s decision. Of course, it is anybody’s guess as to what the average person’s decision might be, so you cannot be certain how far away you are from the average. Thus, there is incongruence between a generally acceptable conceptual framework and the real-life behavioral aspects of decision-making. If decision-makers forget that the concept of risk is always individual in nature, their decisions become riskier and less realistic."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-10-66-67-evaluate-your-risk-by-simone-vine-20.gif"",""height"":""266"",""width"":""201""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-10-66-67-evaluate-your-risk-by-simone-vine-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-10-66-67-evaluate-your-risk-by-simone-vine-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v2068inbersc,d,"{""minimum-quantity"":""1"",""path"":""chap10oc202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:10 (68-74): Interview: Bernie Schaeffer by Jayanthi Gopalakrishnan"",""caption-linebreaks"":""Interview: Bernie Schaeffer by Jayanthi Gopalakrishnan
Bernie Schaeffer, chairman of Schaeffer’s Investment\nResearch, is also the editor of Bernie Schaeffer’s Option Advisor. The Market Technicians Association awarded him its Best of the Best award in sentiment and psychological analysis in 1997, and he has written on the subject, The Option Advisor: Wealth-Building Techniques Using Equity And Index Options, published by John Wiley & Sons. What’s he got to say about the market these days? STOCKS & COMMODITIES Editor Jayanthi Gopalakrishnan spoke to Schaeffer via telephone on August 12, 2002.
Bernie, how did you get interested in trading\noptions?
I got interested in the stock market when I was a boy. My father was interested in the market, and living in New York City afforded us the opportunity to see the New York Stock Exchange (NYSE) from time to time. One day when we were there, the post where United Fruit stock was traded was going crazy, and that just\nfascinated me."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-10-68-74-interview-bernie-schaeffer-by-jayanthi-gopalakrishnan-20.gif"",""height"":""266"",""width"":""201""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-10-68-74-interview-bernie-schaeffer-by-jayanthi-gopalakrishnan-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-10-68-74-interview-bernie-schaeffer-by-jayanthi-gopalakrishnan-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v2075wormona,d,"{""minimum-quantity"":""1"",""path"":""chap10oc202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:10 (75-78): Working Money: The Andrews Pitchfork Vs. Speed Resistance Lines by S. Yamanaka"",""caption-linebreaks"":""Working Money: The Andrews Pitchfork Vs. Speed Resistance Lines by S. Yamanaka
Can you ever have too much support?
One of the pitfalls of using technical analysis to gauge stock movement is that it often depends on whether a stock is trending. In the early stages of a trend, there is often a hotbed of contention, especially now in the erratic, often seemingly psychotic movement of stock prices, whether or not a stock is beginning a new trend. So there would be an advantage in using a system that gets you into the market after a trend has been established. The question then becomes, if you’ve missed the beginning of a trend, how long will the trend continue, and is it worth investing in a stock that’s already gone up or down significantly?
Andrews pitchforks and speed resistance lines theoretically solve this problem by creating support/resistance lines around a trending stock. Support and resistance lines are pretty much\nwhat they sound like: They mark areas that a stock price tends not to penetrate. If the area is below a stock price and the stock seems to bounce off the line rather than fall below it, then it’s a support line. If the line is above the current stock price and the price seems unable to rise above it, then it’s a resistance line. Often, when a stock rises above a resistance line, the resistance line becomes a support line, and vice versa."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-10-75-78-working-money-the-andrews-pitchfork-vs-speed-resistance-lines-by-s-yamanaka-20.gif"",""height"":""266"",""width"":""201""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-10-75-78-working-money-the-andrews-pitchfork-vs-speed-resistance-lines-by-s-yamanaka-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-10-75-78-working-money-the-andrews-pitchfork-vs-speed-resistance-lines-by-s-yamanaka-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v2080ifbetdo,d,"{""minimum-quantity"":""1"",""path"":""chap10oc202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:10 (80-84): If Beta Doesn’t Work, What Does? by William G.S. Brown, Ph.D."",""caption-linebreaks"":""If Beta Doesn’t Work, What Does? by William G.S. Brown, Ph.D.
Beta not doing it for you? Try the price regression line.
Conventional wisdom says that a stock (or stock fund) having a beta close to 1.0 will follow the market. Is that true? This piece of common knowledge can easily be verified by going to a stock or fund screen and searching for investments with beta greater than 0.99 but less than 1.01 and a five-year growth between -90% and +200%. In Figure 1 you will find the unusual values\nI came up with when I used the stock screener at www.hoovers.com.
If a stock with a beta of 1.00 followed the market, then it\nwould be impossible for one stock to gain 48.12% while another loses 50.64% when they both have a beta of 1.00. This clearly shows that beta is not a good indicator of how well a stock follows the market."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-10-80-84-if-beta-doesn-t-work-what-does-by-william-g-s-brown-ph-d-20.gif"",""height"":""266"",""width"":""201""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-10-80-84-if-beta-doesn-t-work-what-does-by-william-g-s-brown-ph-d-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-10-80-84-if-beta-doesn-t-work-what-does-by-william-g-s-brown-ph-d-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v2083compric,d,"{""minimum-quantity"":""1"",""path"":""chap10oc202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:10 (83-84): Computing The Price Regression Line (PRL) Using Excel by W.G.S. Brown"",""caption-linebreaks"":""Computing The Price Regression Line (PRL) Using Excel by W.G.S. Brown
Approach: First download into a spreadsheet the historical data for the base index (usually the S&P 500) and data for one or more funds/stocks/indexes that you want to analyze (sidebar Figure 1). Set up a template for the calculations, then copy the data into the template to\nevaluate the price regression line (PRL) and how well the prices follow the index. I have used limited data here to make it easy for you to verify that you have set up the spreadsheet correctly. These steps apply to Internet\nExplorer 6 and Excel 2000. Internet Explorer 6 puts the data directly into a temporary spreadsheet when downloaded, while version 5+ saves it to a comma-separated file, *.csv, which means you have to import it as a separate step."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-10-83-84-computing-the-price-regression-line-prl-using-excel-by-w-g-s-brown-20.gif"",""height"":""266"",""width"":""201""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-10-83-84-computing-the-price-regression-line-prl-using-excel-by-w-g-s-brown-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-10-83-84-computing-the-price-regression-line-prl-using-excel-by-w-g-s-brown-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v2086concras,d,"{""minimum-quantity"":""1"",""path"":""chap10oc202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:10 (86-89): Conquer The Crash by Robert R. Prechter Jr."",""caption-linebreaks"":""Conquer The Crash by Robert R. Prechter Jr.
You Can Survive And Prosper In A Deflationary Depression
Publisher: John Wiley & Sons, www.wiley.com
Author: Robert R. Prechter Jr.
It is hard to ignore the idiosyncrasies when studying Elliott wave theory. As I geared up for this review of Conquer The Crash, the latest book from Elliott wave’s chief contemporary practitioner, Robert R. Prechter Jr., I found myself wandering through an earlier work of\nhis: The Wave Principle Of Human Social Behavior And The New Science Of Socionomics, published in 1999.\nPaging through the foreword, I encountered both Prechter’s personal discovery of Stonehenge as an ancient astronomical and cyclical forecasting site, as well as his less than inspiring conclusion that Shakespeare didn’t write his own plays. This, for me, encapsulates one of the major conundrums that\nbedevils the layperson’s attempts to grasp Elliott wave analysis: just when you think you are able to embrace its iconoclasm, it presents you with an argument even more audacious than the one before."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-10-86-89-conquer-the-crash-by-robert-r-prechter-jr-20.gif"",""height"":""266"",""width"":""201""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-10-86-89-conquer-the-crash-by-robert-r-prechter-jr-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-10-86-89-conquer-the-crash-by-robert-r-prechter-jr-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v2090prodrev,d,"{""minimum-quantity"":""1"",""path"":""chap10oc202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:10 (90-92): Product Review: Sammy Chua’s Cyber Trading School by Leslie N. Masonson"",""caption-linebreaks"":""Product Review: Sammy Chua’s Cyber Trading School by Leslie N. Masonson
Sammy Chua is an experienced and successful\ntrader (he cleared $10 million in 2000 and more than $1 million in the first half of 2001). He has developed two live daytrading courses, one for beginners and one for advanced traders. Chua began his trading career in 1998 after extensively researching the daytrading scene. In 1999 his daytrading turned profitable, and he hasn’t looked back since.
Without adequate instruction and knowledge about the key elements of trading, most novices fail, losing all their capital quickly. Technical Analysis of STOCKS & COMMODITIES lists trading courses in its Trading Resources section each year, but unfortunately, there are few reviews of these offerings in the financial press. Here’s a review of Sammy Chua’s Cyber Trading School (CTS)."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-10-90-92-product-review-sammy-chua-s-cyber-trading-school-by-leslie-n-masonson-20.gif"",""height"":""266"",""width"":""201""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-10-90-92-product-review-sammy-chua-s-cyber-trading-school-by-leslie-n-masonson-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-10-90-92-product-review-sammy-chua-s-cyber-trading-school-by-leslie-n-masonson-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v2094prodrev,d,"{""minimum-quantity"":""1"",""path"":""chap10oc202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:10 (94-95): Product Review: Optionetics Platinum 2.0 by Jayanthi Gopalakrishnan"",""caption-linebreaks"":""Product Review: Optionetics Platinum 2.0 by Jayanthi Gopalakrishnan
Talk about a one-stop site for options traders! Here’s one that offers everything in option trading but the\nability to place trades. You can find virtually everything you could wish for in the way of options — and\nit’s flexible.
When you first log on to the site, though, you’ll wonder where to start. Even the Start tab contains three more\ntabs: one each for standard start, advanced start, and the version 2.0 site map. I tried them all, and found that I preferred to begin at the site map. Fortunately, you have the option to select this as your start page by default. The information is well organized, so you’ll identify where you want to go fairly quickly."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-10-94-95-product-review-optionetics-platinum-2-0-by-jayanthi-gopalakrishnan-20.gif"",""height"":""266"",""width"":""201""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-10-94-95-product-review-optionetics-platinum-2-0-by-jayanthi-gopalakrishnan-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-10-94-95-product-review-optionetics-platinum-2-0-by-jayanthi-gopalakrishnan-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v2096tradtip,d,"{""minimum-quantity"":""1"",""path"":""chap10oc202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:10 (96-107): Traders’ Tips"",""caption-linebreaks"":""Traders’ Tips
Here is this month’s selection of Traders’ Tips, contributed by various developers of technical analysis software, all to help readers more easily implement some of the strategies presented in this issue.
TradeStation code for: \""The RSI Smoothed\"" by John Ehlers, \""Volatility Breakout Systems\"" by Paolo Pezzutti.
MetaStock code for: \""The RSI Smoothed\"" by John Ehlers, \""Volatility Breakout Systems\"" by Paolo Pezzutti.
eSignal code for: \""The RSI Smoothed\"" by John Ehlers.
AIQ code for: \""Volatility Breakout Systems\"" by Paolo Pezzutti.
Wealth-Lab code for: \""The RSI Smoothed\"" by John Ehlers, \""Volatility Breakout Systems\"" by Paolo Pezzutti.
NeuroShell Trader code for: \""The RSI Smoothed\"" by John Ehlers, \""Volatility Breakout Systems\"" by Paolo Pezzutti.
TickQuest code for: \""The RSI Smoothed\"" by John Ehlers, \""Volatility Breakout Systems\"" by Paolo Pezzutti.
Investor/RT code for: \""The RSI Smoothed\"" by John Ehlers.
TradingSolutions code for: \""The RSI Smoothed\"" by John Ehlers.
TechniFilter Plus code for: \""The RSI Smoothed\"" by John Ehlers, \""Volatility Breakout Systems\"" by Paolo Pezzutti.
SmarTrader code for: \""The RSI Smoothed\"" by John Ehlers.
Wave Wi$e code for: \""The RSI Smoothed\"" by John Ehlers."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-10-96-107-traders-tips-20.gif"",""height"":""266"",""width"":""201""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-10-96-107-traders-tips-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-10-96-107-traders-tips-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20105webfor,d,"{""minimum-quantity"":""1"",""path"":""december2002"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:11 (105): Websites For Traders: TheTechnicalTrader.com by Jayanthi Gopalakrishnan"",""caption-linebreaks"":""Websites For Traders: TheTechnicalTrader.com by Jayanthi Gopalakrishnan
THETECHTRADER.COM
The first question that may go through\nyour head when you visit The Technical\nTrader homepage is, “Just who is\nHarry?” The name “Harry Boxer” will\nprobably not ring a bell, but he has had\nmore than 30 years’ experience in technical\nanalysis. Based on this foundation,\nBoxer has created a website where\nsubscribers can watch him trade in real\ntime for $5 a day after the 15-day trial\nperiod. You need to provide a credit\ncard number to take advantage of the trial\nperiod. The focus of the site is Boxer’s\ninsights into the market and the stocks he\ntrades throughout the trading day."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-11-105-websites-for-traders-thetechnicaltrader-com-by-jayanthi-gopalakrishnan-20.gif"",""height"":""266"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-11-105-websites-for-traders-thetechnicaltrader-com-by-jayanthi-gopalakrishnan-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-11-105-websites-for-traders-thetechnicaltrader-com-by-jayanthi-gopalakrishnan-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v2011prodrev1,d,"{""minimum-quantity"":""1"",""path"":""december2002"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:11 (118-120): Product Review: S/R Analyst by Dennis D. Peterson"",""caption-linebreaks"":""Product Review: S/R Analyst by Dennis D. Peterson
DIVERGENCE SOFTWARE, INC.
PO Box 12021\nBurke, VA 22009-2021\nPhone: 703 690-1744\nInternet: www.sr-analyst.com\nE-mail: info@sr-analyst.com\nProduct: Analytic and scanning\nsoftware that utilizes trendlines and\nsupport and resistance levels."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-11-118-120-product-review-s-r-analyst-by-dennis-d-peterson-20.gif"",""height"":""266"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-11-118-120-product-review-s-r-analyst-by-dennis-d-peterson-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-11-118-120-product-review-s-r-analyst-by-dennis-d-peterson-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20121webfor,d,"{""minimum-quantity"":""1"",""path"":""december2002"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:11 (121): Websites For Traders: 3DStockCharts.com by David Penn"",""caption-linebreaks"":""Websites For Traders: 3DStockCharts.com by David Penn
3DSTOCKCHARTS.COM
At a time when the electronic communications\nnetworksÝ (or ECNs) industry\nseems to be in the midst of rapid consolidation,\nthe arrival of 3DStockCharts.com\nmakes perfect sense. 3DStockCharts.com\nprovides both two- and three-dimensional\ncharts and other market data in\ngraphic form for the integrated order\nbooks of two recently consolidated\nECNs: Island (which was acquired by\nInstinet) and ARCA (or Archipelago,\nwhich merged with the REDIBook ECN\nin 2001). If, as some have suggested, the\nconsolidation of the ECN industry was\ninevitable, perhaps it was equally inevitable\nthat an organization would develop\nthe tools and the technology to\npursue the vision of what former Securities\nand Exchange Commission (SEC)\nchairman Arthur Levitt is said to have\nbelieved was the ultimate goal for electronic\ncommunications networks: a completely\nintegrated network for real-time\nECN trading."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-11-121-websites-for-traders-3dstockcharts-com-by-david-penn-20.gif"",""height"":""266"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-11-121-websites-for-traders-3dstockcharts-com-by-david-penn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-11-121-websites-for-traders-3dstockcharts-com-by-david-penn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20123127pro,d,"{""minimum-quantity"":""1"",""path"":""december2002"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:11 (123, 127): Product Review: Applied Reality Trading by Jayanthi Gopalakrishnan"",""caption-linebreaks"":""Product Review: Applied Reality Trading by Jayanthi Gopalakrishnan
TRADERSCOACH.COM\n10755-F. Scripps Poway Parkway, #477\nSan Diego, CA 92131\nPhone: 858 695-0592\nFax: 858 695-1397\nE-mail: traderscoach@msn.com\nInternet: www.TradersCoach.com\nProduct: Home-study trading course\nRequirements: Videocassette player,\nPC with CD drive"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-11-123-127-product-review-applied-reality-trading-by-jayanthi-gopalakrishnan-20.gif"",""height"":""266"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-11-123-127-product-review-applied-reality-trading-by-jayanthi-gopalakrishnan-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-11-123-127-product-review-applied-reality-trading-by-jayanthi-gopalakrishnan-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v2012prodrev1,d,"{""minimum-quantity"":""1"",""path"":""december2002"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:11 (124-127): Product Review: Prophet.Net by David Penn"",""caption-linebreaks"":""Product Review: Prophet.Net by David Penn
PROPHET FINANCIAL SYSTEMS, INC.\n115 Everett Avenue\nPalo Alto, CA 94301\nPhone: (main) 650 322-4183; (sales)\n800 772-8040\nFax: 650 322-4184\nE-mail: Info@prophet.net\nInternet: www.prophet.net\nProduct: Online, browser-based\ntechnical analysis chart suite and data\ncenter.\nRequirements: Microsoft Windows 98\nor higher; Internet Explorer (Javaenabled);\nInternet access."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-11-124-127-product-review-prophet-net-by-david-penn-20.gif"",""height"":""266"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-11-124-127-product-review-prophet-net-by-david-penn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-11-124-127-product-review-prophet-net-by-david-penn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20128bookfo,d,"{""minimum-quantity"":""1"",""path"":""december2002"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:11 (128): Books For Investors by Technical Analaysis"",""caption-linebreaks"":""Books For Investors by Technical Analaysis
Essential Stock Picking\nStrategies (220 pages,\n$29.95 hardcover, 2002,\nISBN 0471400637), by\nDaniel A. Strachman,\npublished by John Wiley &\nSons.
...and many more!"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-11-128-books-for-investors-by-technical-analaysis-20.gif"",""height"":""266"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-11-128-books-for-investors-by-technical-analaysis-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-11-128-books-for-investors-by-technical-analaysis-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20129novtra,d,"{""minimum-quantity"":""1"",""path"":""december2002"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:11 (129): Novice Traders’ Notebook: The Eve & Eve Double Bottom Vs. The Double Bottom"",""caption-linebreaks"":""Novice Traders’ Notebook: The Eve & Eve Double Bottom Vs. The Double Bottom
There are different types of double bottoms, as Thomas\nBulkowski’s article “Eve & Eve Double Bottoms,” will\nattest. The notable difference between the classic double\nbottom and the Eve & Eve double bottom is that in the latter,\nthe two bottoms should be at least three weeks apart and\nvolume is typically higher on the left bottom. The basic\ncharacteristics of the double bottom, however, do not change."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-11-129-novice-traders-notebook-the-eve-eve-double-bottom-vs-the-double-bottom-20.gif"",""height"":""266"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-11-129-novice-traders-notebook-the-eve-eve-double-bottom-vs-the-double-bottom-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-11-129-novice-traders-notebook-the-eve-eve-double-bottom-vs-the-double-bottom-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20130sidchr,d,"{""minimum-quantity"":""1"",""path"":""december2002"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:11 (130): Sidebar: Chris Manning’s Trading Rules"",""caption-linebreaks"":""Sidebar: Chris Manning’s Trading Rules
CHRIS MANNING’S TRADING RULES"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-11-130-sidebar-chris-manning-s-trading-rules-20.gif"",""height"":""266"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-11-130-sidebar-chris-manning-s-trading-rules-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-11-130-sidebar-chris-manning-s-trading-rules-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v2013massysa,d,"{""minimum-quantity"":""1"",""path"":""december2002"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:11 (130-133): A Master Systems And Pattern Tester by Leslie N. Masonson"",""caption-linebreaks"":""A Master Systems And Pattern Tester by Leslie N. Masonson
Chris Manning has spent thousands of hours poring over\npublished systems, models, and charting patterns. Now he is a\nwidely recognized systems expert who regularly appears on\nthe CNBC and the Bloomberg Channel cable networks, and\nspeaks frequently at international investment seminars. Here\nLeslie Masonson, who featured an interview with Manning in\nhis book Day Trading On The Edge, reveals this expert\ntrader’s approach.
It wasn’t until Chris Manning, who was a\nstrategic consultant for a Big Five\naccounting firm, attended a popular\ninvestment seminar that the idea of trading\nstocks for a living even occurred to him.\nIntrigued by the profit potential in trading,\ninspired by the course and confident that\nhe could rake in the profits by following\nthe principles outlined in the seminar, he abruptly quit his job\nto become a full-time trader."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-11-130-133-a-master-systems-and-pattern-tester-by-leslie-n-masonson-20.gif"",""height"":""266"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-11-130-133-a-master-systems-and-pattern-tester-by-leslie-n-masonson-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-11-130-133-a-master-systems-and-pattern-tester-by-leslie-n-masonson-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20134charma,d,"{""minimum-quantity"":""1"",""path"":""december2002"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:11 (134): Charting The Market by David Penn"",""caption-linebreaks"":""Charting The Market by David Penn
Here’s a new section showing some recent news events\nand accompanying market shifts. Coincidence? You decide."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-11-134-charting-the-market-by-david-penn-20.gif"",""height"":""266"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-11-134-charting-the-market-by-david-penn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-11-134-charting-the-market-by-david-penn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v2014bookfor,d,"{""minimum-quantity"":""1"",""path"":""december2002"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:11 (145-146): Books For Traders by Technical Analysis"",""caption-linebreaks"":""Books For Traders by Technical Analysis
Dynamic Trading Indicators:\nWinning With Value\nCharts And Price Action\nProfile (230 pages, $69.95\nhardcover, 2002, ISBN\n0471215570), by Mark W.\nHelweg and David C.\nStendahl, published by\nJohn Wiley & Sons.
...and many more!"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-11-145-146-books-for-traders-by-technical-analysis-20.gif"",""height"":""266"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-11-145-146-books-for-traders-by-technical-analysis-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-11-145-146-books-for-traders-by-technical-analysis-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v2020devmodw,d,"{""minimum-quantity"":""1"",""path"":""december2002"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:11 (20-33): Developing A Model With Auction Market Theory by Donald L. Jones"",""caption-linebreaks"":""Developing A Model With Auction Market Theory by Donald L. Jones
Here’s an intraday trading model that uses auction\nmarket theory.
A tenet of auction market theory is the\nunpredictability of the markets. An auction\nmarket model is built from market\nknowledge without predicting the market’s\npath. The auction market model requires input from both the market and the trader. It is\ndynamic, attuned to the market, theoretically sound,\nand universal. It is also unique to the trader who is\nexercising it. I will show you the logical steps for\ndeveloping a trading model, using the auction market\ntheory presented in STOCKS & COMMODITIES earlier\nthis year.
DEVELOPING A TRADING MODEL
An auction market model is the result of a three-step\nstrategy development. The steps are market strategy,\ntrader strategy, and a synthesis of the two, working\nstrategy.
Market strategy is determined by the characteristics\nthat define the market. Markets go through a cycle:\nbalance (congestion) to trend (start of distribution),\ntrend (distribution) and back to balance (start of\ncongestion). Market strategy is concerned first with\nlocating the market condition, or the phase of the\ncycle. The market may have a short time frame with\na lot of action packed into minutes or even seconds,\nlike the indexes, or it can be a longer time frame and\na more sedate market, like the grains."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-11-20-33-developing-a-model-with-auction-market-theory-by-donald-l-jones-20.gif"",""height"":""266"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-11-20-33-developing-a-model-with-auction-market-theory-by-donald-l-jones-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-11-20-33-developing-a-model-with-auction-market-theory-by-donald-l-jones-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v2034eveeved,d,"{""minimum-quantity"":""1"",""path"":""december2002"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:11 (34-38): Eve & Eve Double Bottom by Thomas Bulkowski"",""caption-linebreaks"":""Eve & Eve Double Bottom by Thomas Bulkowski
Here’s a look at one of the four combinations\nof double bottoms.
You may be familiar with double bottoms,\nbut have you ever heard of an Eve & Eve\ndouble bottom? I hadn’t heard of them\nmyself until a few years ago, when I was\nresearching my latest book, Trading\nClassic Chart Patterns. After discovering\nthe Adam & Eve combinations of double\nbottoms on HARDRightEdge.com, I expanded their findings\nto include all four types: Eve & Eve, Adam & Adam, Eve & Adam, and Adam & Eve. I’ll\ndiscuss the latter three types in future articles.\nThis article will focus on the Eve & Eve\ndouble bottom.
IDENTIFICATION
First, some definitions. Figure 1 shows\nidentification guidelines for double bottoms.\nStart with a declining price trend leading to the\nchart pattern. For the best performance, choose\na decline that is either long-term (over six\nmonths) or short-term (up to three months). An\nintermediate-term decline (three to six months)\nleading to an Eve & Eve double bottom suggests\nunderperformance after the breakout."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-11-34-38-eve-eve-double-bottom-by-thomas-bulkowski-20.gif"",""height"":""266"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-11-34-38-eve-eve-double-bottom-by-thomas-bulkowski-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-11-34-38-eve-eve-double-bottom-by-thomas-bulkowski-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v2040usfistr,d,"{""minimum-quantity"":""1"",""path"":""december2002"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:11 (40-42): Using The Fisher Transform by John F. Ehlers"",""caption-linebreaks"":""Using The Fisher Transform by John F. Ehlers
Looking for better trading results? This\nindicator shows you how to identify price\nreversals in a timely manner.
he common assumption is that\nprices have a Gaussian, or\nnormal, probability density\nfunction (PDF). A Gaussian PDF is the\nbell-shaped\ncurve you are probably familiar with,\nwhere 68% of all samples fall\nwithin one standard deviation\naround the mean. Do\nprices follow such a curve?\nNo, but many people think\nso, and that mistaken assumption\nis why many trading indicators\nfail."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-11-40-42-using-the-fisher-transform-by-john-f-ehlers-20.gif"",""height"":""266"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-11-40-42-using-the-fisher-transform-by-john-f-ehlers-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-11-40-42-using-the-fisher-transform-by-john-f-ehlers-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v2044qabydon,d,"{""minimum-quantity"":""1"",""path"":""december2002"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:11 (44-45): Q&A by Don Bright"",""caption-linebreaks"":""Q&A by Don Bright
MONEY MANAGEMENT OF\nOPTION SPREADS
What are some money management tips\nfor credit and debit spreads? Specifically,\nwhen should I get out when a spread goes\nagainst me? — Bob Maclaurin
When you have a pure option spread\nin place, each option has a theoretical\ndelta (percent equivalent to shares of\nstock; 100 delta = 100 shares of stock).\nSo when a spread starts to go against you,\nyou can do a few things. First, of course,\nyou can get rid of it. Second, you can\nadjust your net delta position to near zero\n(plus or minus the amount of risk you\nwant to take on the long or short side for\nmarket movements and individual price\nmovements) by adding to or reducing the\nnumber of contracts involved.... CONTINUDED"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-11-44-45-q-a-by-don-bright-20.gif"",""height"":""266"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-11-44-45-q-a-by-don-bright-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-11-44-45-q-a-by-don-bright-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v2046afgeomo,d,"{""minimum-quantity"":""1"",""path"":""december2002"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:11 (46-52): Affine Geometry Of The Markets by Viktor Likhovidov"",""caption-linebreaks"":""Affine Geometry Of The Markets by Viktor Likhovidov
Think the market doesn’t have a memory?\nThink again.
bout five years ago, I came\nacross an interesting\narticle concerning the\nchanneling behavior of\nmarket charts. I don’t\nremember much about\nthe article anymore,\nexcept for a method using “magic” parallel\nlines that seemed promising. I decided to\ntry to derive useful trading signals from the\nidea with some simple geometric\ntransformations.
PRICE CHANNELS\nAND MARKET MEMORY
In a nutshell, the premise is based on the\nfollowing recommendation: When you find\na good channel on a price chart, don’t forget\nabout it, because the market remembers\nsuch channels for a long time. At some\npoint in the future, your chart will likely\nreturn to that same channel. But how can\nyou “save” these channels effectively? One\nsimple way is to plot parallel lines, setting\nthe distance between them equal to the\nwidth of the channel."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-11-46-52-affine-geometry-of-the-markets-by-viktor-likhovidov-20.gif"",""height"":""266"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-11-46-52-affine-geometry-of-the-markets-by-viktor-likhovidov-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-11-46-52-affine-geometry-of-the-markets-by-viktor-likhovidov-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v2054exyouro,d,"{""minimum-quantity"":""1"",""path"":""december2002"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:11 (54): Explore Your Options by Tom Gentile"",""caption-linebreaks"":""Explore Your Options by Tom Gentile
VOLATILITY INDEX
Tom, I have heard of using the volatility\nindex (VIX) as a way of predicting overall\nmarket movement. Can you explain\nthis to me, along with some ideas on\nhow to trade the VIX in the markets? —\nFred M.
The VIX is a measure of nervousness\namong traders. The VIX is a chartable\nindicator, and when it drops to 20% or\nlower, it means that the markets are\ncalm and have a positive\noutlook for the future."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-11-54-explore-your-options-by-tom-gentile-20.gif"",""height"":""266"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-11-54-explore-your-options-by-tom-gentile-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-11-54-explore-your-options-by-tom-gentile-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v2059quicpls,d,"{""minimum-quantity"":""1"",""path"":""december2002"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:11 (59): Quick-Scans: The P&L School Of Drummond Geometry"",""caption-linebreaks"":""Quick-Scans: The P&L School Of Drummond Geometry
THE P&L SCHOOL OF\nDRUMMOND GEOMETRY\nTed Hearne Associates, Inc.\n4509 North Dover Street\nChicago, IL 60640\nPhone: 800 552-2317\nFax: 773 728-6886\nE-mail: Ted@Tedtick.com\nInternet: www.Tedtick.com\nProduct: A comprehensive trading\ncourse."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-11-59-quick-scans-the-p-l-school-of-drummond-geometry-20.gif"",""height"":""266"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-11-59-quick-scans-the-p-l-school-of-drummond-geometry-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-11-59-quick-scans-the-p-l-school-of-drummond-geometry-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v2068howdoyo,d,"{""minimum-quantity"":""1"",""path"":""december2002"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:11 (68-71): How Do You Make A Trading Decision by Simon Vine"",""caption-linebreaks"":""How Do You Make A Trading Decision by Simon Vine
What goes into making a decision\nabout a trade?
Whenever you\nmake a trading\ndecision, you\nbase your choices\non particular outlooks\nregarding market developments. Although a predicted\nscenario at a specific moment\nmay seem very likely, events rarely\noccur in the way or at the time we\nexpect. How does the passage of time\ntransform your outlook?
TIME FACTOR IN\nRISK EVALUATION
Suppose you place a straight stick in\na pool of water. Once submerged, the\nstick appears to be bent. The water\nacts as a prism through which you\nobserve the familiar object and by\nwhich it is distorted."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-11-68-71-how-do-you-make-a-trading-decision-by-simon-vine-20.gif"",""height"":""266"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-11-68-71-how-do-you-make-a-trading-decision-by-simon-vine-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-11-68-71-how-do-you-make-a-trading-decision-by-simon-vine-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v2072interlo,d,"{""minimum-quantity"":""1"",""path"":""december2002"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:11 (72-80): Interview: Teresa Lo Of trendVue.com by Jayanthi Gopalakrishnan"",""caption-linebreaks"":""Interview: Teresa Lo Of trendVue.com by Jayanthi Gopalakrishnan
Teresa Lo, founder and chief market strategist of the\ntrendVUE.com educational financial website, worked in the\nstock brokerage business for more than a decade at Canada’s\nlargest independent investment dealer before she retired\nfrom the industry in 1998. She is a discretionary trader who\nuses classic technical trading methods and techniques. She\nhas extensive experience in trading senior and junior equities,\nindex/equity options, and futures.\nWith a background in life sciences, Lo earned a bachelor’s\nof arts degree in economics and psychology from the University of British Columbia. She currently writes the 20/20 Insight\nnewsletter and is the host of trendVUE PRO Trader Real-Time\nTrading Group. She is the author of the trendVUE Technical\nTrader’s Handbook, developed the proprietary Trader’s\nHandbook, and developed the proprietary algorithm for\ntrendVUE Swing Charts.\nSTOCKS & COMMODITIES Editor Jayanthi Gopalakrishnan\nspoke with Teresa Lo via telephone on August 30, 2002. This\nis what Lo had to say."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-11-72-80-interview-teresa-lo-of-trendvue-com-by-jayanthi-gopalakrishnan-20.gif"",""height"":""266"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-11-72-80-interview-teresa-lo-of-trendvue-com-by-jayanthi-gopalakrishnan-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-11-72-80-interview-teresa-lo-of-trendvue-com-by-jayanthi-gopalakrishnan-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v2082inrevby,d,"{""minimum-quantity"":""1"",""path"":""december2002"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:11 (82-84): Intermarket Review by David Penn"",""caption-linebreaks"":""Intermarket Review by David Penn
US DOLLAR INDEX
The US dollar index is based on a\ntrade-weighted geometric average\nof six foreign currencies against\nthe US dollar. These currencies\nare the euro, the yen, the British\npound, the Canadian dollar, the\nSwedish krona, and the Swiss\nfranc."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-11-82-84-intermarket-review-by-david-penn-20.gif"",""height"":""266"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-11-82-84-intermarket-review-by-david-penn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-11-82-84-intermarket-review-by-david-penn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v2090traddow,d,"{""minimum-quantity"":""1"",""path"":""december2002"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:11 (90-92): Trade The Dow Minis by Jayanthi Gopalakrishnan"",""caption-linebreaks"":""Trade The Dow Minis by Jayanthi Gopalakrishnan
Risky, yes. Worth a try? Definitely.
or those who find\ncomfort in trading\nequities, the thought of\ntrading futures may be\nintimidating. And who\nwouldn’t be nervous when competing against the pit traders,\nwho come across as most aggressive?\nBut the transition from trading stocks to\nfutures doesn’t have to be intimidating.\nSure, you need more initial capital, and\nthere’s more risk involved. But in reality,\ntrading futures is not so different from\ntrading equities. The same analytical\nprinciples still apply. The real difference\nlies in the contract specifications and\nleverage."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-11-90-92-trade-the-dow-minis-by-jayanthi-gopalakrishnan-20.gif"",""height"":""266"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-11-90-92-trade-the-dow-minis-by-jayanthi-gopalakrishnan-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-11-90-92-trade-the-dow-minis-by-jayanthi-gopalakrishnan-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v2094tradtip,d,"{""minimum-quantity"":""1"",""path"":""december2002"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:11 (94-104): Traders’ Tips by Technical Analysis"",""caption-linebreaks"":""Traders’ Tips by Technical Analysis
TRADESTATION: AFFINE GEOMETRY
In “Affine Geometry Of The Markets” in this issue, author\nViktor Likhovidov describes how to calculate the projected\naffine price given the start and end points of a trendline.
Here, we’ll present the EasyLanguage code for an affine\nprice indicator based on Likhovidov’s ideas. The way the\nindicator is written, the start and end points of the trendlines\nare passed in as inputs to the indicator, and the actual input\nvalues used are shown in the chart. Note that each point is\nspecified by a date, a time, and a price. (Another way of\nwriting the indicator would be to obtain the start and end\npoints by querying manually drawn trendlines.) The price\nmultiplier and price shift values are also passed in as inputs."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-11-94-104-traders-tips-by-technical-analysis-20.gif"",""height"":""266"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-11-94-104-traders-tips-by-technical-analysis-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-11-94-104-traders-tips-by-technical-analysis-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20122bookfo1,d,"{""minimum-quantity"":""1"",""path"":""chap12dec202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:12 (122): Books For Traders by Technical Analysis, Inc."",""caption-linebreaks"":""Books For Traders by Technical Analysis, Inc.
Various books on trading."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-12-122-books-for-traders-by-technical-analysis-inc-20.gif"",""height"":""267"",""width"":""207""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-12-122-books-for-traders-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-12-122-books-for-traders-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v2014lettosc,d,"{""minimum-quantity"":""1"",""path"":""chap12dec202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:12 (14-18): Letters To S&C by Technical Analysis, Inc."",""caption-linebreaks"":""Letters To S&C by Technical Analysis, Inc.
OUR 20TH ANNIVERSARY
Editor,
The October 2002 issue\nof STOCKS & COMMODITIES\nfinally\nreached me here in New\nZealand. Congratulations\non the 20th year\nof publishing S&C.
I remember meeting STOCKS & COMMODITIES\npublisher Jack Hutson at a\nseminar in Toronto, Canada. He was\ntelling me about this exciting idea he\nhad about publishing a new magazine\nthat would feature new ideas in technical\nanalysis of all markets. He asked me\nif I would write some articles for the\nmagazine. I told him I liked his idea and\nwould be glad to help. That was 20\nyears ago. Jack has certainly turned his\nidea into a great success story.\n...continuded"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-12-14-18-letters-to-s-c-by-technical-analysis-inc-20.gif"",""height"":""267"",""width"":""207""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-12-14-18-letters-to-s-c-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-12-14-18-letters-to-s-c-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v2020devhotz,d,"{""minimum-quantity"":""1"",""path"":""chap12dec202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:12 (20-33): Developing Hot Zones by Massimiliano Scorpio"",""caption-linebreaks"":""Developing Hot Zones by Massimiliano Scorpio
Can you forecast a bar’s close from its open? This\ntechnique is helpful in trading recently introduced\ntradables that don’t have historical charts yet, such\nas single-stock futures.
In the December 2001 STOCKS &\nCOMMODITIES, I demonstrated a simple\nmethod that uses a statistical indicator\nto help identify profitable patterns.\nHere, I have taken the method one step further: I’ve analyzed the\nbehavior of each bar and the\nrelationship between the open\nand close. If the market is\nshowing a specific pattern, is\nthere any way to forecast the\nclose from the open’s position\nin the bar? I used the key reversal\nup day (see Figure 1) for the\npattern to see whether such a\nforecast was possible."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-12-20-33-developing-hot-zones-by-massimiliano-scorpio-20.gif"",""height"":""267"",""width"":""207""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-12-20-33-developing-hot-zones-by-massimiliano-scorpio-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-12-20-33-developing-hot-zones-by-massimiliano-scorpio-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v2034qabydon,d,"{""minimum-quantity"":""1"",""path"":""chap12dec202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:12 (34): Q&A by Don Bright"",""caption-linebreaks"":""Q&A by Don Bright
READING THE TAPE
I’ve just finished reading some of your\narticles in STOCKS & COMMODITIES.\nOnce again you illuminate topics that\nwere unknown to me. I’m a novice trader\nin a proprietary program down on Wall\nStreet, and I have been running into\ndifficulty with this market (just as many\nothers have). I have been trying different\nmethods to see what might work for me.\nRecently, I have been employing a\nmethod that watches for size stepping\nup/down in stocks with volume on\naverage between 80,000 and one million.\nI like this technique because I can clearly\ndefine my edge and believe it to have a\npositive expectancy. The trading has\nbeen rough, though, and I’m just\naccumulating small losses (being\nstopped out a lot). I haven’t had any\nsizable wins as of yet. Are you familiar\nwith such an approach? The method\ninvolves reading the tape closely. Would\nyou explain what trade-throughs and\nmatching trades are? — John P
...continuded"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-12-34-q-a-by-don-bright-20.gif"",""height"":""267"",""width"":""207""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-12-34-q-a-by-don-bright-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-12-34-q-a-by-don-bright-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v2036adaddou,d,"{""minimum-quantity"":""1"",""path"":""chap12dec202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:12 (36-38): Adam & Adam Double Bottom by Thomas Bulkowski"",""caption-linebreaks"":""Adam & Adam Double Bottom by Thomas Bulkowski
If you see this type of double bottom,\nit may mean you need to make a\nquick exit.
discussed the Eve\n& Eve double bottom\nchart pattern\nin the November\n2002 STOCKS &\nCOMMODITIES. If\nthe Eve & Eve double bottom represents the classic\ndouble bottom, then the Adam &\nAdam must be the new kid on the\nblock. It lacks everything the Eve &\nEve double bottom has going for it."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-12-36-38-adam-adam-double-bottom-by-thomas-bulkowski-20.gif"",""height"":""267"",""width"":""207""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-12-36-38-adam-adam-double-bottom-by-thomas-bulkowski-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-12-36-38-adam-adam-double-bottom-by-thomas-bulkowski-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v2044tessige,d,"{""minimum-quantity"":""1"",""path"":""chap12dec202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:12 (44-47): Testing Signal Efficacy by Jeff Parent"",""caption-linebreaks"":""Testing Signal Efficacy by Jeff Parent
Here’s how you can evaluate how effective\nyour trading system is.
ot unlike new pharmaceutical\ndrugs, buy and sell\nsignals must be put\nthrough rigorous tests to\ndetermine their usefulness.\nOnly when signals\nprove profitable repeatedly\nshould the indicator being tested be\nincorporated into a trading system. But how\ncan you quantify how effective your signal is?\nIn this article I will suggest a standardized\nprocess to achieve this goal."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-12-44-47-testing-signal-efficacy-by-jeff-parent-20.gif"",""height"":""267"",""width"":""207""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-12-44-47-testing-signal-efficacy-by-jeff-parent-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-12-44-47-testing-signal-efficacy-by-jeff-parent-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v2048exyouro,d,"{""minimum-quantity"":""1"",""path"":""chap12dec202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:12 (48): Explore Your Options by Tom Gentile"",""caption-linebreaks"":""Explore Your Options by Tom Gentile
DOUBLING DOWN ON OPTIONS
Does doubling down on a losing options\nposition by purchasing more and thus\nlowering the breakeven point work the\nsame as it does with stocks? Thank you.\n— Fiorenzo Primavori, Genoa, Italy
Yes and no. As a way of dollar cost\naveraging, yes, this does work. If you\ndecide to buy IBM 70 calls for 7 points and\nthen the stock breaks down, you could\npurchase an equal number of call options\nfor a lower premium, thus bringing your\nbreakeven down closer to today’s price.
...continuded"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-12-48-explore-your-options-by-tom-gentile-20.gif"",""height"":""267"",""width"":""207""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-12-48-explore-your-options-by-tom-gentile-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-12-48-explore-your-options-by-tom-gentile-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v2049sinfutb,d,"{""minimum-quantity"":""1"",""path"":""chap12dec202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:12 (49-50): Single-Stock Futures by Jayanthi Gopalakrishnan"",""caption-linebreaks"":""Single-Stock Futures by Jayanthi Gopalakrishnan
How can you take advantage of them? To find out, we asked OneChicago and Nasdaq LIFFE, the two exchanges expected to launch this hot new product, a few questions. Here’s what they had to say.
Why has it taken so long to launch\nsingle-stock futures (SSFs) in the US?
OneChicago: The products were\nbanned about 20 years ago when the\nSecurities and Exchange Commission\n(SEC) and the Commodity Futures Trading\nCommission (CFTC) could not agree\non who had jurisdiction over them.
...continuded"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-12-49-50-single-stock-futures-by-jayanthi-gopalakrishnan-20.gif"",""height"":""267"",""width"":""207""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-12-49-50-single-stock-futures-by-jayanthi-gopalakrishnan-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-12-49-50-single-stock-futures-by-jayanthi-gopalakrishnan-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v2052stocmar,d,"{""minimum-quantity"":""1"",""path"":""chap12dec202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:12 (52-61): The Stock Market, The Calendar, And You by Jay Kaeppel"",""caption-linebreaks"":""The Stock Market, The Calendar, And You by Jay Kaeppel
What’s more important — what you buy\nor when you buy it?
Seasonality in the market\nhas long been a welldocumented\nphenomenon.\nA detailed look\nat the stock market will\nlead you to conclude\nthat there are certain\ntimes when it is more advantageous to be\nin the stock market than other times.\nSeasonality offers a viable approach to\ninvesting and trading, and in this article I\nwant to focus on this aspect. I will illustrate\nhow combining four basic seasonal\ntendencies can maximize returns.
One advantage of employing a seasonal\nsystem is that it will leave you in cash and\nearning interest risk-free much of the time,\nrather than leaving you fully exposed in\nthe stock market. In addition, you will\nonly be invested on those days with a\nhistorical tendency to show advances."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-12-52-61-the-stock-market-the-calendar-and-you-by-jay-kaeppel-20.gif"",""height"":""267"",""width"":""207""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-12-52-61-the-stock-market-the-calendar-and-you-by-jay-kaeppel-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-12-52-61-the-stock-market-the-calendar-and-you-by-jay-kaeppel-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v2068prodrev,d,"{""minimum-quantity"":""1"",""path"":""chap12dec202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:12 (68-70): Product Review: TickeRank by Dennis Peterson"",""caption-linebreaks"":""Product Review: TickeRank by Dennis Peterson
Some call TickeRank a utility,\nothers call it a tool, but\nwhatever label you put on\nit, there is no denying this\nsoftware is fun and useful.\nHow many times have you wanted to\nknow what others are thinking about a\nstock prior to placing your trade? You’ve\nprobably considered going to every financial\nwebsite you can find and entering\nall the symbols of the stocks you’re\ninterested in, just to find out what the\ngeneral feeling is toward them. Wouldn’t\nit be nice to simply start out with a list of symbols that reflects which stocks are\nbeing selected on the most popular financial\nwebsites? TickeRank meets this\nneed, letting you select stocks that meet\na screening criteria from heavily visited\nfinancial websites."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-12-68-70-product-review-tickerank-by-dennis-peterson-20.gif"",""height"":""267"",""width"":""207""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-12-68-70-product-review-tickerank-by-dennis-peterson-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-12-68-70-product-review-tickerank-by-dennis-peterson-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v2072prodrev,d,"{""minimum-quantity"":""1"",""path"":""chap12dec202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:12 (72-76): Product Review: VisualTrader by David Penn"",""caption-linebreaks"":""Product Review: VisualTrader by David Penn
While there has been a\ngreat deal of wellfounded\n“gee whiz!” attention\npaid to Nirvana\nSystems’ eye-popping VisualTrader trading software, it is\nworth considering that, in many ways,\nthe three-dimensional approach being\nchampioned by Nirvana Systems in its\nVisualTrader product is simply part of\nthe decades-long evolution in patternbased\ntechnical analysis — from tapereading\nto Japanese candlesticks. After\nall, there is nothing really in a candlestick\nthat is not in a bar — but that\ninformation is delivered more clearly\nand definitively. In a nutshell, this is\nwhat VisualTrader sets out to accomplish\nby providing tools to make reading\nand understanding market behavior more\nstraightforward, intuitive, and actionable."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-12-72-76-product-review-visualtrader-by-david-penn-20.gif"",""height"":""267"",""width"":""207""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-12-72-76-product-review-visualtrader-by-david-penn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-12-72-76-product-review-visualtrader-by-david-penn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v2077118prod,d,"{""minimum-quantity"":""1"",""path"":""chap12dec202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:12 (77-78, 118): Product Review: eSignal Market Scanner by Barbara Star"",""caption-linebreaks"":""Product Review: eSignal Market Scanner by Barbara Star
Traders who want that extra\ntiming edge look for early\nsigns of stocks on the\nmove. Real-time data scans\noffer an excellent way to find such potential trading candidates.\nThese scans have normally been\nreserved only for those who subscribe\nto an intraday data service, so many\ntraders who wanted these timesaving searches were out of luck. But\nnow, even traders without\naccess to a real-time data\nprovider can discover stocks\nto watch in real time with the\neSignal Market Scanner, a\nseries of stock searches\navailable either as an add-on to\nan eSignal subscription or as a\nstand-alone service. And the\nresults can be used with a variety of technical analysis programs."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-12-77-78-118-product-review-esignal-market-scanner-by-barbara-star-20.gif"",""height"":""267"",""width"":""207""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-12-77-78-118-product-review-esignal-market-scanner-by-barbara-star-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-12-77-78-118-product-review-esignal-market-scanner-by-barbara-star-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v2079inedpet,d,"{""minimum-quantity"":""1"",""path"":""chap12dec202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:12 (79-86): Interview: Edgar Peters Talks About Chaos Theory by Jayanthi Gopalakrishnan"",""caption-linebreaks"":""Interview: Edgar Peters Talks About Chaos Theory by Jayanthi Gopalakrishnan
His work Chaos And Order In The Capital Markets ignited the imagination\nof traders and investors everywhere, and the way we viewed the\nmarkets changed. As PanAgora’s chief investment officer and co-chair\nof its investment committee, Edgar Peters is responsible for ensuring\nthe integrity of the firm’s investment strategies and product array. His\ninsights into market dynamics and behavioral finance have not only\nadded value to client portfolios but also stimulated the development of\ninnovative investment technologies. An expert in tactical asset allocation\nstrategies, he also manages PanAgora’s asset allocation portfolio\nmanagers.
STOCKS & COMMODITIES Editor Jayanthi Gopalakrishnan spoke to\nEdgar Peters on October 3, 2002."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-12-79-86-interview-edgar-peters-talks-about-chaos-theory-by-jayanthi-gopalakrishnan-20.gif"",""height"":""267"",""width"":""207""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-12-79-86-interview-edgar-peters-talks-about-chaos-theory-by-jayanthi-gopalakrishnan-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-12-79-86-interview-edgar-peters-talks-about-chaos-theory-by-jayanthi-gopalakrishnan-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v2087webfort,d,"{""minimum-quantity"":""1"",""path"":""chap12dec202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:12 (87): Websites For Traders: BearMarketCentral.com by David Penn"",""caption-linebreaks"":""Websites For Traders: BearMarketCentral.com by David Penn
BEARMARKETCENTRAL.COM
For all the carnage wrought upon the financial markets\nafter three years of equity losses, stock market bears\nremain a provincial lot. Sure, every now and then a\ncautious or negative remark from a well-known bear will\nappear in the mainstream press. But such opportunities\nfor bears to make their case to the public at large remain\nrelatively rare — and often take place only in the wake\nof a terribly bad week in the market (“Here to join us is\nnoted bear market guru Mr. Grizzly, who seems to be\nannoyingly satisfied with the present market …”)."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-12-87-websites-for-traders-bearmarketcentral-com-by-david-penn-20.gif"",""height"":""267"",""width"":""207""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-12-87-websites-for-traders-bearmarketcentral-com-by-david-penn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-12-87-websites-for-traders-bearmarketcentral-com-by-david-penn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v2088tradtip,d,"{""minimum-quantity"":""1"",""path"":""chap12dec202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:12 (88-103): Traders’ Tips by Technical Analysis, Inc."",""caption-linebreaks"":""Traders’ Tips by Technical Analysis, Inc.
TRADESTATION: DEVELOPING HOT ZONES
Massimiliano Scorpio’s article “Developing Hot Zones” in\nthis issue addresses a technique for producing statistical\nreports on the predictive nature of the key reversal pattern. As\nthe author makes clear, this particular pattern is only one of\nmany possible patterns for study. The author’s goal is to show\nthe reader a process for building statistical reports on any\npattern that might be of interest.
These statistical reports are the product of the\nMSOpenClosePct indicator. This indicator is the focus of the\narticle and most of our comments here address means of\nimproving the EasyLanguage code provided in the article.
The indicator calls a custom function for identifying six\nopen and six close zones. The report then displays the number\nof bars in the sample, the number of opens in each zone, and\nthe percentage of times an open in a particular zone is\nfollowed by a close in a particular zone."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-12-88-103-traders-tips-by-technical-analysis-inc-20.gif"",""height"":""267"",""width"":""207""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-12-88-103-traders-tips-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-12-88-103-traders-tips-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20218opporu,d,"{""minimum-quantity"":""1"",""path"":""chap2feb202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:2 (18-27): Optimizing Portfolios Using Value At Risk by Luis Ballesca-Loyo"",""caption-linebreaks"":""Most of us own more than one security at\nany given time. But how do you decide\nwhich ones to hold and which ones to fold?
In my August 1999 article, I\ndescribed how to set the size\nof a long stock position based\non your own risk aversion and\nstock price volatility. But this\nmethodology cannot be extrapolated\nfor those portfolios\nthat contain more than one stock and both\nlong and short positions.
In this article I will show you how to\ndetermine the value at risk of such a\nportfolio. You can then use these results\nfor adjusting portfolio positions to suit\nyour risk aversion and optimize your\nexpected return."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-2-18-27-optimizing-portfolios-using-value-at-risk-by-luis-ballesca-loyo-21.gif"",""height"":""262"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-2-18-27-optimizing-portfolios-using-value-at-risk-by-luis-ballesca-loyo-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-2-18-27-optimizing-portfolios-using-value-at-risk-by-luis-ballesca-loyo-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20228intren,d,"{""minimum-quantity"":""1"",""path"":""chap2feb202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:2 (28-32): The Instantaneous Trendline by John F. Ehlers, Ph.D."",""caption-linebreaks"":""The Instantaneous Trendline by John F. Ehlers, Ph.D.
Is it possible to have an instantaneous\ntrendline?
To say that a trendline is\n“instantaneous” may be\npresumptuous, but because\nyou can compute a continuous\ntrendline with modern technology\nand thus assess the action in the\nmarkets, the term is somewhat appropriate.
A market can be in two modes — a trend\nmode and a cycle mode. That means you can\ndescribe the general market as a combination\nof the two. If you apply a simple moving\naverage (SMA) over the period of a dominant\ncycle, the dominant cycle component can\nbe completely eliminated."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-2-28-32-the-instantaneous-trendline-by-john-f-ehlers-ph-d-21.gif"",""height"":""262"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-2-28-32-the-instantaneous-trendline-by-john-f-ehlers-ph-d-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-2-28-32-the-instantaneous-trendline-by-john-f-ehlers-ph-d-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20234donbre,d,"{""minimum-quantity"":""1"",""path"":""chap2feb202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:2 (34-36): Donchian Breakouts by David Penn"",""caption-linebreaks"":""Donchian Breakouts by David Penn
Buy strength and sell weakness with this simple yet effective\nbreakout trading strategy.
There may be as many different forms of the\nDonchian breakout as there are moving\naverage crossover or pattern recognition\nstrategies. This is not without good reason. As\nthe authors of The Ultimate Trading Guide\nnote, “Traders are always excited about leading-edge\ntechnology, but inevitably fall back on the classical\napproaches.”
Donchian breakout–oriented systems, in which trades\nare initiated when current prices exceed the high or low\nprice of a given period, are chief among such classical\napproaches. In fact, elements of the Donchian breakout\nhave found their way into a number of trading systems,\nranging from the Turtle trading system to a number of\nmechanical price-range breakout approaches.
Many who have extended this breakout strategy have\ncautioned that there is more to trading than n-period\nbreakouts. While this is absolutely true, it need not\ndetract from the effectiveness of Donchian breakouts in\nterms of entering trades."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-2-34-36-donchian-breakouts-by-david-penn-21.gif"",""height"":""262"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-2-34-36-donchian-breakouts-by-david-penn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-2-34-36-donchian-breakouts-by-david-penn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20238stepup,d,"{""minimum-quantity"":""1"",""path"":""chap2feb202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:2 (38-42): Step Up To Trade At The NYMEX by Victoria Woolley"",""caption-linebreaks"":""Step Up To Trade At The NYMEX by Victoria Woolley
How do you get to be a floor trader at the New\nYork Mercantile Exchange? Like Broadway,\nit’s practice, practice, practice.
Ever wonder what the training\nprocess is for new options traders,\nhow their personal trading\nstrategies evolve, and what the\ndifferences are between the various\nbroker–traders at the New York\nMercantile Exchange (NYMEX), the world’s\nlargest commodity futures exchange?
I spoke with some traders from the NYMEX\nlast summer. We talked about the different\ntypes of broker–traders, what “trader boot\ncamp” is, and what systems and formulas\nthey use."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-2-38-42-step-up-to-trade-at-the-nymex-by-victoria-woolley-21.gif"",""height"":""262"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-2-38-42-step-up-to-trade-at-the-nymex-by-victoria-woolley-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-2-38-42-step-up-to-trade-at-the-nymex-by-victoria-woolley-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20243leadpr,d,"{""minimum-quantity"":""1"",""path"":""chap2feb202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:2 (43-46): Leading Price Patterns by Christopher Narcouzi"",""caption-linebreaks"":""Leading Price Patterns by Christopher Narcouzi
Cut your losses and increase your\nprofits dramatically by using these\ntechniques.
Oscillators provide buy and\nsell signals, but sometimes\nthey can get you in late or\nget you out late. Signals\ngenerated by price can get\nyou in and out earlier — a win–win\nsituation. Here’s how it works.
INSIDE DAYS
In Introduction To Technical Analysis,\nMartin Pring defines an inside day as a\ntwo-day pattern with the first day\nconsisting of a fairly sharp rally and the\nsecond day’s trading range completely\nencompassed by the first. This indicates\nbuyers have run out of steam and are\nunable to push prices higher. Inside\ndays typically occur after a persistent\nshort-term rally. But when you see an\ninside day occurring, it’s difficult to\ndiscern whether the move is worth acting\non. To confirm, I use stochastics as a\nfilter. I want to make sure the stock is\neither oversold or overbought, because\nonly then will it result in a meaningful\nrally. I always trade in the direction of\nthe trend."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-2-43-46-leading-price-patterns-by-christopher-narcouzi-21.gif"",""height"":""262"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-2-43-46-leading-price-patterns-by-christopher-narcouzi-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-2-43-46-leading-price-patterns-by-christopher-narcouzi-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20248inopvo,d,"{""minimum-quantity"":""1"",""path"":""chap2feb202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:2 (48-54): Interview: Options Volatility With Lawrence McMillan by Jayanthi Gopalakrishnan"",""caption-linebreaks"":""Interview: Options Volatility With Lawrence McMillan by Jayanthi Gopalakrishnan
Lawrence McMillan’s interest in the options business started\nin 1973, when the first listed option started trading. He has\nwritten two best-selling books on options, including the\nclassic Options As A Strategic Investment, and both books\nare recognized as essential resources for any serious options\ntrader’s library.
As president of McMillan Analysis Corp., Larry McMillan\npens the “Daily Volume Alerts” newsletter and edits and\npublishes “The Option Strategist,” a derivative products\nnewsletter covering equity, index, and futures options.
McMillan is recognized as an options trading industry\nexpert, and serious investors have relied on his insights,\nobservations, and recommendations for years. Recently, he\nwas inducted into the Traders’ Hall of Fame. STOCKS &\nCOMMODITIES Editor Jayanthi Gopalakrishnan spoke with\nMcMillan late in 2001."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-2-48-54-interview-options-volatility-with-lawrence-mcmillan-by-jayanthi-gopalakrishnan-21.gif"",""height"":""262"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-2-48-54-interview-options-volatility-with-lawrence-mcmillan-by-jayanthi-gopalakrishnan-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-2-48-54-interview-options-volatility-with-lawrence-mcmillan-by-jayanthi-gopalakrishnan-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20256qabydo,d,"{""minimum-quantity"":""1"",""path"":""chap2feb202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:2 (56): Q&A by Don Bright"",""caption-linebreaks"":""Q&A by Don Bright
SINCE YOU ASKED
Professional trader Don Bright of Bright\nTrading, an equity trading corporation,\nanswers a few of your questions."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-2-56-q-a-by-don-bright-21.gif"",""height"":""262"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-2-56-q-a-by-don-bright-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-2-56-q-a-by-don-bright-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20257quicsc,d,"{""minimum-quantity"":""1"",""path"":""chap2feb202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:2 (57): Quick Scans: Super StreamMachine by Bruce R. Faber"",""caption-linebreaks"":""Quick Scans: Super StreamMachine by Bruce R. Faber
SUPER STREAMMACHINE - Ameritrade
Internet: www.ameritrade.com
Product: Real-time, tick-by-tick\nstreaming data; the ability to view\npositions, watch lists, and get Level\nII quotes, plus time and sales, on a\nsingle page integrated into the\ntrading website"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-2-57-quick-scans-super-streammachine-by-bruce-r-faber-20.gif"",""height"":""262"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-2-57-quick-scans-super-streammachine-by-bruce-r-faber-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-2-57-quick-scans-super-streammachine-by-bruce-r-faber-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20258opssby,d,"{""minimum-quantity"":""1"",""path"":""chap2feb202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:2 (58-61): OptionStar SS by David Penn"",""caption-linebreaks"":""OptionStar SS by David Penn
Internet: www.optionstar.com
Product: Options analysis software\nRequirements: Internet connection,"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-2-58-61-optionstar-ss-by-david-penn-20.gif"",""height"":""262"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-2-58-61-optionstar-ss-by-david-penn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-2-58-61-optionstar-ss-by-david-penn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20262webfor,d,"{""minimum-quantity"":""1"",""path"":""chap2feb202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:2 (62-64): Websites For Traders: Marketsim.com by Jayanthi Gopalakrishnan"",""caption-linebreaks"":""Websites For Traders: Marketsim.com by Jayanthi Gopalakrishnan
MARKETSIM.COM
Readers have expressed an interest in\nwebsites that simulate trading.\nFortunately, I’ve stumbled upon one\nthat seems to focus on just that. Although\nyou can see everything the site has to\noffer without registering, your options\nincrease if you become a subscriber\n($8.95 per month).
The site is not a trading game, which\nsome simulated trading sites are. Instead,\nit attempts to create a realistic stocktrading\nenvironment. The homepage is\nwell laid out and you can access just\nabout everything from there. Before\nstarting or making the decision to\nsubscribe to the service, I recommend\nyou go through the tutorial. It’s well\ndone and worth your time. Your next\nstep would be to go through the\nsimulation without registering."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-2-62-64-websites-for-traders-marketsim-com-by-jayanthi-gopalakrishnan-20.gif"",""height"":""262"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-2-62-64-websites-for-traders-marketsim-com-by-jayanthi-gopalakrishnan-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-2-62-64-websites-for-traders-marketsim-com-by-jayanthi-gopalakrishnan-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20265canvsb,d,"{""minimum-quantity"":""1"",""path"":""chap2feb202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:2 (65-69): Candlesticks Vs. Bar Charts by Rudy Teseo"",""caption-linebreaks"":""Candlesticks Vs. Bar Charts by Rudy Teseo
When you look at your charts,\ndo you understand everything\nthey’re telling you?
Most books and articles on\ncandlestick charting point out that\nany patterns occurring in bar\ncharts (cup with handle, head and shoulder,\ntriangle, and so forth) are also identifiable in\ncandlestick charts. The reverse is also true:\nAny pattern that can be identified in\ncandlestick charts can be seen in bar charts\n(Figure 1). However, traditional technical\nanalysis references do not illustrate nor\nexplain candlestick patterns,\nalthough they go into great detail\non bar pattern analysis."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-2-65-69-candlesticks-vs-bar-charts-by-rudy-teseo-20.gif"",""height"":""262"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-2-65-69-candlesticks-vs-bar-charts-by-rudy-teseo-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-2-65-69-candlesticks-vs-bar-charts-by-rudy-teseo-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20270idpatb,d,"{""minimum-quantity"":""1"",""path"":""chap2feb202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:2 (70-74): Identifying Patterns by Dennis D. Peterson"",""caption-linebreaks"":""Identifying Patterns by Dennis D. Peterson
Identifying patterns can be\nhelpful, even when you’re looking\nat charts.
What can you use to analyze\nprice charts? There are\nmany tools available, but\nsome of the most popular,\nlike moving averages, have\ntheir fair share of problems. What else can\nyou use? Chart patterns. When you first\nstart looking at price charts, the stock\nactivity may look like the product of a\nrandom generator. Once you start to look\nfor patterns, though, charts take on a new\nperspective.
TRIANGLES: ASCENDING AND DESCENDING\nHere’s a pattern that’s easy to visualize,\nand this particular example has almost all\nthe classic elements of pattern reading. An\nascending triangle (Figure 1) is easy to\nspot. It has a horizontal resistance line\nalong the top and a support line that slopes\nupward. The chart displayed in Figure 1 is\nof the Nasdaq 100 tracking index (QQQ)."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-2-70-74-identifying-patterns-by-dennis-d-peterson-20.gif"",""height"":""262"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-2-70-74-identifying-patterns-by-dennis-d-peterson-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-2-70-74-identifying-patterns-by-dennis-d-peterson-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v2027578stoc,d,"{""minimum-quantity"":""1"",""path"":""chap2feb202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:2 (75, 78): The Stochastic Oscillator by Amy Wu"",""caption-linebreaks"":""The Stochastic Oscillator by Amy Wu
Identify overbought and oversold levels with\nthis popular indicator.
Identifying overbought and oversold levels is a\nstarting point in your analysis. To really\nunderstand those levels, though, you need to\nknow how they’re derived. The stochastic\noscillator can do the job for you.\nThe stochastic oscillator compares the price of a security\nto its price range over any time period. The stochastic\noscillator is made up of two lines: %K (the primary line) and\n%D (the secondary line). The %K is normally depicted as a\nsolid line; the %D is usually dashed. The %K line is the\nstochastic oscillator and the %D line smoothes the %K line,\nusually by three periods."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-2-75-78-the-stochastic-oscillator-by-amy-wu-20.gif"",""height"":""262"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-2-75-78-the-stochastic-oscillator-by-amy-wu-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-2-75-78-the-stochastic-oscillator-by-amy-wu-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20276whensh,d,"{""minimum-quantity"":""1"",""path"":""chap2feb202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:2 (76-78): When Should You Sell That Stock? by Michael B. Patterson"",""caption-linebreaks"":""When Should You Sell That Stock? by Michael B. Patterson
It’s one of the toughest and loneliest decisions\nfor an investor to make.
When it comes to buying a stock, there’s no\nshortage of advice, both useful and\notherwise. Virtually every investment\nmagazine, newsletter, or financial news\nprogram offers tips, opinions, analysis,\nand a variety of hot stocks you should buy\nimmediately. But when it comes to the sell decision, there is\nlittle useful advice to be found.
Buy and hold has been the prevailing strategy for the small\ninvestor, and that has worked well in recent years — in a\nforgiving market. But the tenor of the stock market has\nchanged since March 2000, when equities started heading\nsouth. A successful investor now has to pay much closer\nattention to stock performance and, more often than not,\nwrestle with that painful sell decision."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-2-76-78-when-should-you-sell-that-stock-by-michael-b-patterson-20.gif"",""height"":""262"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-2-76-78-when-should-you-sell-that-stock-by-michael-b-patterson-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-2-76-78-when-should-you-sell-that-stock-by-michael-b-patterson-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v2027996webf,d,"{""minimum-quantity"":""1"",""path"":""chap2feb202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:2 (79, 96): Websites For Traders: DerivativesModels.com and CME.com by J. Gopalakrishnan"",""caption-linebreaks"":""Websites For Traders: DerivativesModels.com and CME.com by J. Gopalakrishnan
DERIVATIVESMODELS.COM
When it comes to derivatives, one topic\nthat frequently pops up is models. This\nincludes terminology such as Black-\nScholes, binomial, trinomial, geometric,\narithmetic, Monte Carlo — and it’s\nenough to scare anybody away from the\nworld of derivatives. But derivativesmodels.\ncom has reduced the learning\ncurve. A glance at the homepage, and\nyou will realize how many different\nderivatives models exist. They are divided\ninto categories — equity, interest rate,\nand credit derivates. Numerous models\nare available. I counted 36, and the\nwebsite administrators plan on adding\nweather derivatives and liquidity options."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-2-79-96-websites-for-traders-derivativesmodels-com-and-cme-com-by-j-gopalakrishnan-20.gif"",""height"":""262"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-2-79-96-websites-for-traders-derivativesmodels-com-and-cme-com-by-j-gopalakrishnan-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-2-79-96-websites-for-traders-derivativesmodels-com-and-cme-com-by-j-gopalakrishnan-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v2028096prod,d,"{""minimum-quantity"":""1"",""path"":""chap2feb202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:2 (80-81, 96): Product Review: Chart Pattern Recognition by Dennis D. Peterson"",""caption-linebreaks"":""Product Review: Chart Pattern Recognition by Dennis D. Peterson
EQUIS INTERNATIONAL, INC.
E-mail: sales@equis.com
Internet: www.equis.com
Requirements: Plug-in to MetaStock\n7.0 or higher
Price: $399"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-2-80-81-96-product-review-chart-pattern-recognition-by-dennis-d-peterson-21.gif"",""height"":""262"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-2-80-81-96-product-review-chart-pattern-recognition-by-dennis-d-peterson-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-2-80-81-96-product-review-chart-pattern-recognition-by-dennis-d-peterson-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20297tradti,d,"{""minimum-quantity"":""1"",""path"":""chap2feb202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:2 (97): Traders’ Tips by Technical Analysis, Inc."",""caption-linebreaks"":""Traders’ Tips by Technical Analysis, Inc.
NEUROSHELL TRADER: INSTANTANEOUS TRENDLINE
The instantaneous trendline described by John Ehlers in his\narticle in this issue can be easily implemented in NeuroShell\nTrader by using NeuroShell Trader’s ability to call external\ncode segments written in traditional languages such as Basic,\nC, C++, and Pascal. We’ve created the Ehlers instantaneous\ntrendline in a chart (Figure 1) and you can download a\ncompiled, working version from the NeuroShell Trader free\ntechnical support website.
After installing the custom indicator, you can insert it in\nnew charts as follows:
1. Select ‘New Indicator …’ from the ‘Insert’ menu
2. Select the Custom Indicator category
3. Select the Ehlers Instantaneous Trendline
4. Insert the parameters as you desire."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-2-97-traders-tips-by-technical-analysis-inc-21.gif"",""height"":""262"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-2-97-traders-tips-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-2-97-traders-tips-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20298bookfo,d,"{""minimum-quantity"":""1"",""path"":""chap2feb202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:2 (98): Books For Traders by Technical Analysis, Inc."",""caption-linebreaks"":""Books For Traders by Technical Analysis, Inc.
• Bollinger On Bollinger Bands by John Bollinger
• Technical Analysis Of Stock Trends by Robert D. Edwards and John Magee with W.H.C. Bassetti
• Bear Market Game Plan: Strategies For Success\nIn Choppy Markets by Ross Jardine
• Exchange Traded Funds And EMini Stock Index Futures by David Lerman
• Investing For Cowards: Proven Stock Strategies\nFor Anyone Afraid Of The Market by Fred Siegel
• Profiting In Bull Or Bear Markets by\nGeorge Dagnino, Ph.D.
• Conquering Investment Risk In The Wall\nStreet Garden Of Eden by Marvin M. Cohen, Ph.D."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-2-98-books-for-traders-by-technical-analysis-inc-21.gif"",""height"":""262"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-2-98-books-for-traders-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-2-98-books-for-traders-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v203111webfo,d,"{""minimum-quantity"":""1"",""path"":""chap3mar202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:3 (111): Websites For Traders: www.LitWick.com by Jayanthi Gopalakrishnan"",""caption-linebreaks"":""Websites For Traders: www.LitWick.com by Jayanthi Gopalakrishnan
WWW.LITWICK.COM
For all you candlestick enthusiasts,\nhere’s a site that has everything you\nneed to know about candlesticks. Yes,\nit has charts — candlestick charts\npowered by Prophet Finance — but\nwait! There’s more.
There’s the candle query where you\ncan scan the entire database of stocks by\nselecting a specific trading day, an\nindicator, a pattern (continuation or\nreversal), the trend (bullish or bearish),\nreliability, price range of stock, and\nvolume range. Once you specify the\ncriteria, a list of stocks that meet your\nrequirements will be displayed. A click\non any of the symbols will display the\nchart and detailed quotes."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-3-111-websites-for-traders-www-litwick-com-by-jayanthi-gopalakrishnan-20.gif"",""height"":""262"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-3-111-websites-for-traders-www-litwick-com-by-jayanthi-gopalakrishnan-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-3-111-websites-for-traders-www-litwick-com-by-jayanthi-gopalakrishnan-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v203114bookf,d,"{""minimum-quantity"":""1"",""path"":""chap3mar202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:3 (114): Books For Traders by Technical Analysis, Inc."",""caption-linebreaks"":""Books For Traders by Technical Analysis, Inc.
• Bulls Make Money, Bears Make Money, Pigs Get Slaughtered: Investment Wisdom That Stands The Test Of Time\nby Anthony M. Gallea
• The Busy Woman’s Guide To Financial Freedom\nby Vickie L. Bajtelsmit, JD, PhD
• Gann: Simplified by Clif Droke
• Maestro: Greenspan’s Fed And The American\nBoom by Bob Woodward
• The New Fibonacci Trader: Tools & Strategies\nFor Trading Success by Robert Fischer and Dr. Jens Fischer
• The Trading Athlete: Winning The Mental Game of Online Trading by Shane Murphy, PhD, and Doug Hirschhorn, MS
• Trading Strategies For Direct Access: Making\nThe Most Out Of Your Capital by Robert Sales
• The Ultimate Book On Stock Market Timing:\nGeocosmic Correlations To Trading Cycles by Raymond A.\nMerriman"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-3-114-books-for-traders-by-technical-analysis-inc-20.gif"",""height"":""262"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-3-114-books-for-traders-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-3-114-books-for-traders-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20314lettos,d,"{""minimum-quantity"":""1"",""path"":""chap3mar202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:3 (14-20): Letters to S&C by Technical Analysis, Inc."",""caption-linebreaks"":""Letters to S&C by Technical Analysis, Inc.
CALCULATING MOVING AVERAGES
Editor,\nIs there a program on the market that\ncalculates moving averages with\ndifferent filters and nothing else?\nJOHAN RISBERG, via e-mail
The moving average itself is a low-pass\nfilter. There are several programs that\ncalculate moving averages with filters,\nincluding MESA, VIDYA, KAMA, MAMA,\nGaussian filters, and Butterworth filters,\namong others.—Editor"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-3-14-20-letters-to-s-c-by-technical-analysis-inc-20.gif"",""height"":""262"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-3-14-20-letters-to-s-c-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-3-14-20-letters-to-s-c-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20322deteqg,d,"{""minimum-quantity"":""1"",""path"":""chap3mar202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:3 (22-26): Determining Equity Growth Performance by John F. Ehlers and Mike Barna"",""caption-linebreaks"":""Determining Equity Growth Performance by John F. Ehlers and Mike Barna
What are the merits of using technical analysis\ntrading systems? Evaluate them here.
Technical analysts have the\noption of trading with\neither discretionary or\nsystematic techniques.\nDiscretionary traders\ntend to integrate life\nexperience, knowledge, and technical\nindicators to make trading decisions. In this\nway they can, and have, made spectacular\namounts of money. System traders, on the\nother hand, rely on trading signals automatically\ngenerated by computer programs. They\ndon’t really need to know much about the\nmarket, or have much experience. Their\nconfidence lies in the ability of their\ncomputerized systems. In this article we will\nshow you how to determine what you can\nrealistically expect from your trading system,\nrather than how to manipulate the statistics."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-3-22-26-determining-equity-growth-performance-by-john-f-ehlers-and-mike-barna-20.gif"",""height"":""262"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-3-22-26-determining-equity-growth-performance-by-john-f-ehlers-and-mike-barna-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-3-22-26-determining-equity-growth-performance-by-john-f-ehlers-and-mike-barna-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v2032810rulf,d,"{""minimum-quantity"":""1"",""path"":""chap3mar202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:3 (28-31): 10 Rules For Options Traders by Joe Luisi"",""caption-linebreaks"":""10 Rules For Options Traders by Joe Luisi
The success of your trading career is determined by\nprofitability. And this profitability lies in the way you\nfollow your trading plan. Here are 10 rules you\nshould always consider before making a trade.
It’s a good idea to take some time each\nyear to reflect on your trading successes\nand failures. What have you done right?\nWhat have you done wrong? Did your\ntrades work out as planned? Did you\nmake money? Don’t let another year go\nby with failed dreams and hopes. Make this your year of\nchange and financial advancement, one that offers many\nprofitable trading opportunities. If you truly want success,\nyou have to do what is necessary to bring it about.
The markets have been extremely rough and volatile\nduring the past two years. But there are some trading rules\nthat stand the test of time. Listed here are a few of the most\nimportant ones that I follow. I trade options, so the rules are\ntailored to them, but these principles can be applied to any\nmarket and any trading method. Take a moment to review the\nrules and see how you can change your strategies to make\n2002 your best trading year yet."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-3-28-31-10-rules-for-options-traders-by-joe-luisi-20.gif"",""height"":""262"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-3-28-31-10-rules-for-options-traders-by-joe-luisi-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-3-28-31-10-rules-for-options-traders-by-joe-luisi-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20332trixis,d,"{""minimum-quantity"":""1"",""path"":""chap3mar202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:3 (32-37): TRIX Is For Traders by David Penn"",""caption-linebreaks"":""TRIX Is For Traders by David Penn
This momentum indicator keeps you in trends for\nas long as you like.
A drawback of moving average–\nbased indicators has always\nbeen the lag: Moving averages\noften provide buy and sell\nsignals long after much of a big\nmove has already occurred.\nAlthough this is a relative complaint — is it better\nto be early and often wrong, or late and often\ncorrect? — it is significant enough that some\ntraders seek to get more out of moving averages.\nWeighting and exponentially smoothing moving\naverages are among the methods used to get moving\naverages to yield buy/sell signals more quickly.
On the other hand, many traders who prefer to\ncatch big moves at the beginning (and to exit them\nbefore they end) also choose rate of change\nindicators. Those indicators are prized for their ability to\nsignal just when momentum has changed, like a shift from\nprices in a trading range to sudden action that can point to the direction of a new trend."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-3-32-37-trix-is-for-traders-by-david-penn-21.gif"",""height"":""262"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-3-32-37-trix-is-for-traders-by-david-penn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-3-32-37-trix-is-for-traders-by-david-penn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20338ifatfi,d,"{""minimum-quantity"":""1"",""path"":""chap3mar202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:3 (38-42): If At First You Don’t Succeed by John Clayburg"",""caption-linebreaks"":""If At First You Don’t Succeed by John Clayburg
Systems you create don’t always work quite right at first. And\nwhen you revise them, your “improvements” don’t necessarily\nhelp. It’s what you ordered … but not what you wanted. What\nto do? For those who use EasyLanguage, here’s the solution.
Sooner or later, those who write computer\nprogram code, whether for personal strategies\nor for programming for others, must face the\ntask of correcting errors or making changes in\ntheir work. The process of finding and\ncorrecting program errors, often referred to as\ndebugging, can be as challenging and frustrating as writing\nthe program code itself. To effectively and efficiently make\nchanges in program code, often you must determine values\nfor specific variables on selected bars on a chart. Many\nsoftware platforms provide multiple utilities within their\nframeworks specifically for this purpose.
For the purposes of this article, I’ll concentrate on the\nprocesses that can be used to debug programs written on the\nEasyLanguage system and indicator development platform.\nThe routines presented here are equally applicable to\nTradeStation 4.0, ProSuite 2000i, and the current online\nversion, TradeStation 6.0."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-3-38-42-if-at-first-you-don-t-succeed-by-john-clayburg-21.gif"",""height"":""262"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-3-38-42-if-at-first-you-don-t-succeed-by-john-clayburg-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-3-38-42-if-at-first-you-don-t-succeed-by-john-clayburg-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20343qabydo,d,"{""minimum-quantity"":""1"",""path"":""chap3mar202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:3 (43): Q&A by Don Bright"",""caption-linebreaks"":""Q&A by Don Bright
PAIRS TRADING
I read your article and your Q&A section\nin STOCKS & COMMODITIES this month.\nIn both, you referred to “pair trading.”\nWhen I read that it was a strategy used\nsuccessfully by your niece, I was\nintrigued. Would you please explain the\nstrategy? — Scott Memmott
Many of our successful traders use\none form or another of a “pairs” trading\nstrategy. There has been quite a bit of\nresearch into the subject, and even an\narticle in a previous issue of S&C. Let’s\nstart with the basic premise: Many stocks\nwithin the same or similar sectors tend\nto “track” one another — that is, they\nshow correlated historical pricing. Let’s\ntake an example that we traded a year or\nso ago, Merck (MRK) and Lilly (LLY).\nBoth are pharmaceutical stocks, and\nboth are highly capitalized Standard &\nPoor’s 500 index stocks....continuded"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-3-43-q-a-by-don-bright-21.gif"",""height"":""262"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-3-43-q-a-by-don-bright-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-3-43-q-a-by-don-bright-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20344marmak,d,"{""minimum-quantity"":""1"",""path"":""chap3mar202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:3 (44-48): A Market Maker’s Perspective by Don Bright"",""caption-linebreaks"":""A Market Maker’s Perspective by Don Bright
Here’s an eye-opening look at the market maker’s\nrole and the pros and cons of this system in light of\ntoday’s increasingly electronic marketplace.
W\nhen you place an order to buy a\nstock, what happens between the\ntime you place your order and the\ntime it is executed? You might\nthink you have complete control\nover your trading decisions, but\nwithin that short period of time your order is in the\nhands of market makers — and the control is out of\nyour hands. Knowing what they do and how they\noperate can have a significant effect on your trading.
TYPES OF MARKET MAKERS
There’s a major distinction between the two most\ncommon interpretations of the term “market maker,”\nand it’s important to know the differences. The main\nmarket maker on the floor of an options exchange for\na particular stock is called a “Designated Primary\nMarket Maker” (DPM). This person is required to\nprovide a fair market price (and thus liquidity) in the\nstock options traded. These traders can improve\nmarkets in many different securities, as desired, but\nmust at minimum make a fair market in their\ndesignated stocks. There are specific guidelines as to\nthe bid/offer “spread” and minimum trade size\nreflected when asked."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-3-44-48-a-market-maker-s-perspective-by-don-bright-21.gif"",""height"":""262"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-3-44-48-a-market-maker-s-perspective-by-don-bright-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-3-44-48-a-market-maker-s-perspective-by-don-bright-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20350indavl,d,"{""minimum-quantity"":""1"",""path"":""chap3mar202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:3 (50-56): Interview: David Landry Of TradingMarkets.com by Jayanthi Gopalakrishnan"",""caption-linebreaks"":""Interview: David Landry Of TradingMarkets.com by Jayanthi Gopalakrishnan
Ever heard of “grandma money management”? If not, ask\nDavid Landry, a sometime Technical Analysis of STOCKS &\nCOMMODITIES contributor, to explain. Landry is a cofounder\nand director of research of TradingMarkets.com. In addition,\nas a Commodity Trading Advisor (CTA), Landry is president\nof money management firm Sentive Trading, LLC, and a principal of the Harvest Capital Management. He has designed\na number of trading systems, including the 2/20 EMA breakout\nsystem and the volatility explosion method, and he is the\nauthor of Dave Landry On Swing Trading. STOCKS &\nCOMMODITIES Editor Jayanthi Gopalakrishnan spoke with\nLandry via telephone on December 20, 2001."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-3-50-56-interview-david-landry-of-tradingmarkets-com-by-jayanthi-gopalakrishnan-21.gif"",""height"":""262"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-3-50-56-interview-david-landry-of-tradingmarkets-com-by-jayanthi-gopalakrishnan-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-3-50-56-interview-david-landry-of-tradingmarkets-com-by-jayanthi-gopalakrishnan-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20358trenco,d,"{""minimum-quantity"":""1"",""path"":""chap3mar202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:3 (58-64): Trend Continuation Factor by M.H. Pee"",""caption-linebreaks"":""Trend Continuation Factor by M.H. Pee
Yes, trends are important: They help\nyou make money and they help you\nrecover your losses.
Because trends are an\nimportant component\nof the market, it is\nimperative you can\ndetect them. However,\nit’s not enough to just\nidentify a trend. It’s also crucial to be\nable to tell the direction of the current\ntrend. Although trends can make you the\nmost money in the shortest time when\nyou are in sync with them, they can also\ncause you to sustain heavy losses if your\nposition is in the opposite direction. To\navoid getting caught in such a situation,\nI created the trend continuation factor\n(TCF), an indicator that identifies the\ntrend and its direction."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-3-58-64-trend-continuation-factor-by-m-h-pee-21.gif"",""height"":""262"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-3-58-64-trend-continuation-factor-by-m-h-pee-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-3-58-64-trend-continuation-factor-by-m-h-pee-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20366prodre,d,"{""minimum-quantity"":""1"",""path"":""chap3mar202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:3 (66-68): Product Review: Hottrend by Jayanthi Gopalakrishnan"",""caption-linebreaks"":""Product Review: Hottrend by Jayanthi Gopalakrishnan
TOWNSEND ANALYTICS, LTD.
Product: A market scanning tool\nused to generate trading ideas.\nRequirements: Latest version of\nRealTick installed and running on\ndesktop.
Price: Free for RealTickPro Plus\n($250/month) and RealTick with\nOrder Entry (price varies depending\non brokerage)."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-3-66-68-product-review-hottrend-by-jayanthi-gopalakrishnan-21.gif"",""height"":""262"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-3-66-68-product-review-hottrend-by-jayanthi-gopalakrishnan-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-3-66-68-product-review-hottrend-by-jayanthi-gopalakrishnan-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20370trenby,d,"{""minimum-quantity"":""1"",""path"":""chap3mar202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:3 (70-72): TrendVUE.com by David Penn"",""caption-linebreaks"":""TrendVUE.com by David Penn
TRENDVUE.COM
“Get yourself a mentor.” Of all the advice\nthat professional traders give aspiring\ntraders, that suggestion must be the most\ndaunting piece of wisdom to translate into\naction. After all, not unlike an aspiring\nartist from the small country town who\nfinally saves up enough to move to the big\ncity, apprentice traders often find it difficult\nto cultivate relationships with traders\nsuccessful and talented enough to serve as\ntrading mentors."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-3-70-72-trendvue-com-by-david-penn-21.gif"",""height"":""262"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-3-70-72-trendvue-com-by-david-penn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-3-70-72-trendvue-com-by-david-penn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v2037379worm,d,"{""minimum-quantity"":""1"",""path"":""chap3mar202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:3 (73-75, 79): Working Money: Those Ubiquitous Fibonacci Ratios by Rudy Teseo"",""caption-linebreaks"":""Working Money: Those Ubiquitous Fibonacci Ratios by Rudy Teseo
How do I use thee? Let me count\nthe ways.
What do nature, astronomy, and\nthe stock market have in\ncommon? They have something\nin common you may have heard\nof, but never really known what it is: a number\nsequence discovered by a 13th-century\nmathematician named Leonardo of Pisa and\nspelled out in his work Liber Abacci. I doubt\nthat he ever considered the sequence, later\nknown as the Fibonacci series — zero, 1, 1, 2,\n3, 5, 8, 13, 21, 34, 55, 89, and so on — would\nhave the long-lasting effect it did, eventually\nfinding its way into fields he could not have\neven dreamed of, like stock market analysis\nand computer programs. But that’s exactly\nwhat happened."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-3-73-75-79-working-money-those-ubiquitous-fibonacci-ratios-by-rudy-teseo-20.gif"",""height"":""262"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-3-73-75-79-working-money-those-ubiquitous-fibonacci-ratios-by-rudy-teseo-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-3-73-75-79-working-money-those-ubiquitous-fibonacci-ratios-by-rudy-teseo-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20376wormon,d,"{""minimum-quantity"":""1"",""path"":""chap3mar202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:3 (76-79): Working Money: Average True Range by Sharon Yamanaka"",""caption-linebreaks"":""Working Money: Average True Range by Sharon Yamanaka
Average or extraordinary, “true range”\nis often referred to in stocks and\ncommodities trading. But what is it?
T\nrader, author, and technician J.\nWelles Wilder developed average\ntrue range (ATR) in the 1970s as a\nmeasurement of price volatility.\nWilder believed that the range was\ndirectly proportional to volatility,\nand that range — the high and low of a stock for\na given period, be it intraday, daily, weekly, or monthly — was indicative of a trend. If the volatility of a stock\nincreased, it was entering a trend, and if it slowed down, it\nsuggested a reversal. He further refined the trading range,\ncalling it a true range when he included changes in price that\noccurred from the previous day’s close rather than starting\nfrom the opening price. Such things as after-hours\nannouncements that would predispose the market to open\nhigher or lower next day would not be accounted for."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-3-76-79-working-money-average-true-range-by-sharon-yamanaka-20.gif"",""height"":""262"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-3-76-79-working-money-average-true-range-by-sharon-yamanaka-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-3-76-79-working-money-average-true-range-by-sharon-yamanaka-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20380wormon,d,"{""minimum-quantity"":""1"",""path"":""chap3mar202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:3 (80): Working Money: Writing Covered Calls by Michael Dunham"",""caption-linebreaks"":""Working Money: Writing Covered Calls by Michael Dunham
If you think that options trading is\nonly for short-term traders and\nspeculators, think again.
By taking advantage of an option\nstrategy known as covered call\nwriting (selling), you can gather\nsmall, consistent returns, which,\nwhen compounded over time, can\ngive you a respectable overall\nreturn. Not only that, writing covered calls\nwith a buy-and-hold strategy can protect your\nportfolio from major losses. Considering there\nare more than 2,000 stocks with listed options,\nas well as options on some depository receipts\n(MDY, QQQ, and so on), you have an array of\nchoices."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-3-80-working-money-writing-covered-calls-by-michael-dunham-20.gif"",""height"":""262"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-3-80-working-money-writing-covered-calls-by-michael-dunham-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-3-80-working-money-writing-covered-calls-by-michael-dunham-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20393prodre,d,"{""minimum-quantity"":""1"",""path"":""chap3mar202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:3 (93-94): Product Review: Advanced Analyzer by Bruce R. Faber"",""caption-linebreaks"":""Product Review: Advanced Analyzer by Bruce R. Faber
AMERITRADE
Internet: www.ameritrade.com, www.advancedanalyzer.com
Product: Complex screening, stock\nquotes, and charting with analytical\ntools, online research, and more, all in\none application downloaded from the\nweb.\nMinimum requirements: Internet\nExplorer 5.0 or higher, Windows 95\nor higher. Valid e-mail address."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-3-93-94-product-review-advanced-analyzer-by-bruce-r-faber-20.gif"",""height"":""262"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-3-93-94-product-review-advanced-analyzer-by-bruce-r-faber-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-3-93-94-product-review-advanced-analyzer-by-bruce-r-faber-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20395prodre,d,"{""minimum-quantity"":""1"",""path"":""chap3mar202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:3 (95-97): Product Review: BigTrends.com by Dennis D. Peterson"",""caption-linebreaks"":""Product Review: BigTrends.com by Dennis D. Peterson
Product: An online stock advisory\nservice.\nRequirements: Personal computer;\nInternet connection."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-3-95-97-product-review-bigtrends-com-by-dennis-d-peterson-20.gif"",""height"":""262"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-3-95-97-product-review-bigtrends-com-by-dennis-d-peterson-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-3-95-97-product-review-bigtrends-com-by-dennis-d-peterson-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v204114bookf,d,"{""minimum-quantity"":""1"",""path"":""chap4ap202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:4 (114): Books For Traders by Technical Analysis, Inc."",""caption-linebreaks"":""Books For Traders by Technical Analysis, Inc.
• Dave Landry On Swing Trading, by Dave Landry
• Dave Landry On Swing Trading, by\nDave Landry
• Fixed Income Securities, by Frank J. Fabozzi
• Girl, Get Your Money Straight:\nA Sister’s Guide To Healing\nYour Bank Account And Funding\nYour Dreams, by Glinda\nBridgforth
• Make Your Kid A Millionaire (302\npages, by Kevin McKinley
• Moving Averages Simplified, by Clif Droke
• Options On Futures, New Trading Strategies, by John F. Summa and Jonathan W. Lubow"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-4-114-books-for-traders-by-technical-analysis-inc-20.gif"",""height"":""262"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-4-114-books-for-traders-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-4-114-books-for-traders-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20414lettos,d,"{""minimum-quantity"":""1"",""path"":""chap4ap202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:4 (14-18): Letters To S&C by Technical Analysis, Inc."",""caption-linebreaks"":""Letters To S&C by Technical Analysis, Inc.
TRADERS’ TIPS
Editor,\nThanks for putting out a great product\nthat brings us up to date on a lot of\ntrading issues. The articles are well\nwritten and helpful.\nI would like to see you include\nTC2000 in your Traders’ Tips column\nso TC2000 users can more easily\nimplement some of the strategies\npresented.\nUDAY MEHTA, via e-mail
We’ve checked with Worden Brothers,\ndeveloper of TC2000. Custom programming\nis not one of the program’s major\nfeatures.—Editor"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-4-14-18-letters-to-s-c-by-technical-analysis-inc-21.gif"",""height"":""262"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-4-14-18-letters-to-s-c-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-4-14-18-letters-to-s-c-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20420qabydo,d,"{""minimum-quantity"":""1"",""path"":""chap4ap202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:4 (20-22): Q&A by Don Bright"",""caption-linebreaks"":""Q&A by Don Bright
REVERSE CONVERSION
In an article in STOCKS & COMMODITIES,\na practice called “reverse conversion”\nwas mentioned in relation to writing\noptions. Would you expand on this? —\nAdrian
A reverse conversion, or “reversal,”\nis simply a trade where you sell puts,\nsell stock, and buy calls, thus doing the\nopposite of a conversion. Reversals are\ntraded by floor traders who get full\ninterest on the short-stock valuation.\n...continuded"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-4-20-22-q-a-by-don-bright-21.gif"",""height"":""262"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-4-20-22-q-a-by-don-bright-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-4-20-22-q-a-by-don-bright-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20424comoft,d,"{""minimum-quantity"":""1"",""path"":""chap4ap202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:4 (24-30): The Commitment Of Traders Report by Jon Anderson"",""caption-linebreaks"":""The Commitment Of Traders Report by Jon Anderson
The numbers reveal plenty about market participation.
There are two basic ways to analyze the futures\nmarket: technically and fundamentally. Many\ntraders have a purely technical approach, with\ntotal disregard for the fundamentals. While that\ncan be profitable, it can also allow you to be\nblindsided by the market. It pays to know the\nfundamentals, because they can help you anticipate which\ndirection the market will move.
But trading purely on fundamentals is also dangerous.\nFundamentalists calculate a value for a specific commodity\nbased on the laws of supply and demand. At some\npoint, a given commodity may become cheap or\nexpensive in relation to supply and demand. By\nquantifying the sentiment level among various\ntraders, valuable information is added to the\nmix. This is the purpose of the Commitment of\nTraders report."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-4-24-30-the-commitment-of-traders-report-by-jon-anderson-20.gif"",""height"":""262"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-4-24-30-the-commitment-of-traders-report-by-jon-anderson-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-4-24-30-the-commitment-of-traders-report-by-jon-anderson-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20432domomi,d,"{""minimum-quantity"":""1"",""path"":""chap4ap202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:4 (32-36): Do Momentum Indicators Follow Trends? by Clive Roffey, Ph.D."",""caption-linebreaks"":""Do Momentum Indicators Follow Trends? by Clive Roffey, Ph.D.
Do momentum indicators follow trends, or\nare they independent of them?
The stochastic oscillator, relative\nstrength index (RSI), rate\nof change (ROC), and moving\naverage convergence/\ndivergence (MACD) are\nsome of the most commonly\nused indicators. It’s not surprising to find\ntraders lumping them all together into the\ngeneric category of “momentum indicatorsY´.”\nAlthough each indicator is recognized as having\nits own distinctive characteristics, it is\noften assumed, misleadingly, that they can be\ninterpreted in a similar fashion.
For example, when you extend the time\nframe of the rate of change indicator, its\noscillation amplitude increases. But when you\nextend the time frame of its cousin, the RSI,\nthe opposite happens: The amplitude decreases.\nThis occurs to the extent that the\naccepted 70/30 overbought and oversold levels\nof the RSI have to be contracted to 60/40."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-4-32-36-do-momentum-indicators-follow-trends-by-clive-roffey-ph-d-20.gif"",""height"":""262"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-4-32-36-do-momentum-indicators-follow-trends-by-clive-roffey-ph-d-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-4-32-36-do-momentum-indicators-follow-trends-by-clive-roffey-ph-d-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20438pospat,d,"{""minimum-quantity"":""1"",""path"":""chap4ap202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:4 (38-43): Post-Breakout Patterns by David Penn"",""caption-linebreaks"":""Post-Breakout Patterns by David Penn
Look for these patterns to determine if breakouts\ncontinue.
I\nn technical analysis, one of the benefits\nof focusing on chart patterns is that\npractice trains the eye to spot emerging\nchart patterns. This may enable a trader\nto take a position before an actual\nbreakout occurs, thus increasing the\nprofitability of a correct call. When chart patterns\noccur as part of an observable trend, the breakout (or\nbreakdown, in the bearish case) can become a place to add to a position, or to place a protective stop.
One of the biggest benefits to traders who study\nchart patterns is their increased possibility of finding\npatterns in bunches. Too often, a single chart pattern\nbecomes the beginning and ending of the discovery,\nwhen continued observation might lead to uncovering\nanother chart pattern emerging from the breakout or\nbreakdown. While patterns after patterns are not\ntypical, keeping an eye on what prices are doing even\nduring a successful break can at times lead to even\ngreater rewards than treating each chart pattern on an\nindividual — and isolated — basis."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-4-38-43-post-breakout-patterns-by-david-penn-20.gif"",""height"":""262"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-4-38-43-post-breakout-patterns-by-david-penn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-4-38-43-post-breakout-patterns-by-david-penn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20444howaci,d,"{""minimum-quantity"":""1"",""path"":""chap4ap202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:4 (44-47): How Accurate Is The A/D Line? by Lawrence G. McMillan"",""caption-linebreaks"":""How Accurate Is The A/D Line? by Lawrence G. McMillan
Maybe not as accurate as you think. Here’s\none way to get more realistic results.
For much of 2001 —\nespecially the first eight\nmonths of the year —\nmarket technicians\nwere often quoted as\nsaying that market\nbreadth was strong and, by inference,\nthat there was an underlying positive\ntone to the market. The indicator often\nused to demonstrate this was the\nadvance-decline (A/D) line — the daily\ndifference between advancing and\ndeclining New York Stock Exchange\n(NYSE) issues. There were more\nadvances than declines for quite a few\ndays in that time period, yet the market\ncontinued to struggle. So where was all\nthis supposedly positive action?"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-4-44-47-how-accurate-is-the-a-d-line-by-lawrence-g-mcmillan-20.gif"",""height"":""262"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-4-44-47-how-accurate-is-the-a-d-line-by-lawrence-g-mcmillan-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-4-44-47-how-accurate-is-the-a-d-line-by-lawrence-g-mcmillan-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20448eqcura,d,"{""minimum-quantity"":""1"",""path"":""chap4ap202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:4 (48-52): Equity Curve Analysis by Vladimir Stepnov"",""caption-linebreaks"":""Equity Curve Analysis by Vladimir Stepnov
What can you expect from your trading system?
he random nature of the\nmarkets can alter your profit\nexpectations, which is why you\nmust determine how your\nsystem will perform in any type\nof market. When you design a\nsystem, the main parameters that characterize\nits performance are the percentage of winners\n(hereafter referred to as p) and the win/loss\nratio (hereafter referred to as alpha, •). The\nvalue of p is calculated by dividing the\nnumber of winning trades by the total number\nof trades during the test period, and • is the\nratio of average winning trades to average\nlosing ones.
Suppose your trading system shows stable\nperformance on a large number (N) of\nhistorical tests with a fixed p and • parameter\nset. What kind of performance can you\nexpect from this trading system? For starters,\nthere’ll be on average N*p winners, each\ngaining • amount of dollars, and N*(1-p)\nlosers, each decreasing the account balance\nby one dollar."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-4-48-52-equity-curve-analysis-by-vladimir-stepnov-20.gif"",""height"":""262"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-4-48-52-equity-curve-analysis-by-vladimir-stepnov-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-4-48-52-equity-curve-analysis-by-vladimir-stepnov-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20453prodre,d,"{""minimum-quantity"":""1"",""path"":""chap4ap202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:4 (53-55): Product Review: Ultimate Trader II by Dennis Peterson"",""caption-linebreaks"":""Product Review: Ultimate Trader II by Dennis Peterson
AB WATELY
Product: Java-based software\nproviding a trading interface for\nstocks and options."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-4-53-55-product-review-ultimate-trader-ii-by-dennis-peterson-20.gif"",""height"":""262"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-4-53-55-product-review-ultimate-trader-ii-by-dennis-peterson-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-4-53-55-product-review-ultimate-trader-ii-by-dennis-peterson-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20456doeshe,d,"{""minimum-quantity"":""1"",""path"":""chap4ap202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:4 (56-58): Does The Head & Shoulders Formation Work? by Martin Boot"",""caption-linebreaks"":""Does The Head & Shoulders Formation Work? by Martin Boot
Rarely will you come across a technique that detects an\nimminent change in trend, but here’s a method that can\nhelp you do just that.
The head and shoulders pattern has\nlong been considered one of the most\nreliable in technical analysis. That\nshould mean that more often than\nnot, every trader can make high\nreturns on their holdings.\nUnfortunately, it’s not that simple.
I am engaged in a major research project involving\nstatistical analysis of 8,513 New York Stock Exchange\n(NYSE) and Nasdaq stocks over a four-year period. I\ntest well-known technical indicators as well as technical\npatterns, and the results have been revealing. They\nseem to be more in sync with daily trading practices\nthan other results I have found in the literature. Recently,\nI completed my study of the well-known head and\nshoulders pattern, which is considered to indicate and\neven predict a change in trend. Here are the results."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-4-56-58-does-the-head-shoulders-formation-work-by-martin-boot-20.gif"",""height"":""262"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-4-56-58-does-the-head-shoulders-formation-work-by-martin-boot-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-4-56-58-does-the-head-shoulders-formation-work-by-martin-boot-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20460interb,d,"{""minimum-quantity"":""1"",""path"":""chap4ap202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:4 (60-64): Interview: Terry Bedford of Bedford & Associates by Jayanthi Gopalakrishnan"",""caption-linebreaks"":""Interview: Terry Bedford of Bedford & Associates by Jayanthi Gopalakrishnan
Technician Terry Bedford, president of the Bedford &\nAssociates Research Group, CNBC commentator, and MSN\nMoney columnist, developed an interest in the market early\non: at the age of 15, he pestered a local broker in Branford,\nOntario, until the broker recommended some classic texts on\ntechnical analysis. Technical analysis stayed with him; in the early 1990s, he founded Bedford & Associates, which provides technical analysis research to institutional clients, and also manages hedge funds.\nSTOCKS & COMMODITIES Editor Jayanthi Gopalakrishnan\nspoke with Terry Bedford on January 28, 2002, via telephone."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-4-60-64-interview-terry-bedford-of-bedford-associates-by-jayanthi-gopalakrishnan-20.gif"",""height"":""262"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-4-60-64-interview-terry-bedford-of-bedford-associates-by-jayanthi-gopalakrishnan-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-4-60-64-interview-terry-bedford-of-bedford-associates-by-jayanthi-gopalakrishnan-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20466sinfut,d,"{""minimum-quantity"":""1"",""path"":""chap4ap202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:4 (66-67): Single-Stock Futures by Thomas L. Busby"",""caption-linebreaks"":""Single-Stock Futures by Thomas L. Busby
Here’s what every trader should know about\nthem.
Just recently, the Commodity\nFutures Modernization Act of\n2000 (CFMA) has lifted the 18-\nyear-old ban on single-stock\nfutures. While we have yet to\nsee just how this new kid on\nthe financial block will trade, there are certain\naspects of these new futures products that\nevery stock trader should know about and be\nable to take advantage of.
While everyone will be trying to figure out\nwhat all the hype is about, it is important to\nrealize that there are only a few key bits of\ninformation you must possess to understand\nhow single-stock futures (SSFs) really work\nand how they can be traded. I hope the\nfollowing observations will clarify some of\nthe confusion about this newcomer to the\ntrading world and help you decide whether\nthis trading vehicle is right for you."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-4-66-67-single-stock-futures-by-thomas-l-busby-21.gif"",""height"":""262"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-4-66-67-single-stock-futures-by-thomas-l-busby-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-4-66-67-single-stock-futures-by-thomas-l-busby-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20468fricco,d,"{""minimum-quantity"":""1"",""path"":""chap4ap202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:4 (68-70): Frictional Costs In Futures Trading by Jesse Wolff"",""caption-linebreaks"":""Frictional Costs In Futures Trading by Jesse Wolff
If we could trade in a perfect, cost-free world, there would be\nmany more systems that would exhibit profitable return profiles.\nBut we don’t. So what can we do about frictional costs?
The futures market is not a zero-sum game, and\nthere is a level of friction — that is, cost — that\nmust be accurately reflected in the research\nprocess and resulting profit/loss profile of any\nsystem being developed. This cost will vary\ndepending on various factors, including the\ncontract size of the market traded, the trading\nmedium (electronic vs. floor brokers), the\nfrequency of trading, the type of order used, how\nthat order is placed in the market, the specific\ntrading strategy, the bid/offer spread, the time of\nday, day of the week, brokers used, and skill of\nthe trader — and more. The list goes on.
When modeling a market or set of markets, you\nmust burden the system with conservative cost\nassumptions at the outset before the parameter\nselection process begins. These higher costs will\nplay a significant role in determining if a system\nhas potential and what the optimal parameters are."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-4-68-70-frictional-costs-in-futures-trading-by-jesse-wolff-21.gif"",""height"":""262"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-4-68-70-frictional-costs-in-futures-trading-by-jesse-wolff-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-4-68-70-frictional-costs-in-futures-trading-by-jesse-wolff-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20473prodre,d,"{""minimum-quantity"":""1"",""path"":""chap4ap202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:4 (73-75): Product Review: eSignal 6.3 by Jayanthi Gopalakrishnan"",""caption-linebreaks"":""Product Review: eSignal 6.3 by Jayanthi Gopalakrishnan
eSIGNAL\nA division of Interactive Data Corp.
Product: Internet datafeed, analytics,\nand trading support."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-4-73-75-product-review-esignal-6-3-by-jayanthi-gopalakrishnan-21.gif"",""height"":""262"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-4-73-75-product-review-esignal-6-3-by-jayanthi-gopalakrishnan-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-4-73-75-product-review-esignal-6-3-by-jayanthi-gopalakrishnan-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20476wormon,d,"{""minimum-quantity"":""1"",""path"":""chap4ap202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:4 (76-78): Working Money: Stay In The Market With Stop-And-Reverse by Rudy Teseo"",""caption-linebreaks"":""Working Money: Stay In The Market With Stop-And-Reverse by Rudy Teseo
If you hate being out of the market, you should\ntake a look at this system.
The parabolic time/price system indicator was\ndeveloped by J. Welles Wilder. Often referred to\nas parabolic SAR or simply SAR (for “stop and\nreverse”), the term comes from its appearance as\na parabola when viewed on a chart.
A SuperCharts help file describes SAR as “a system designed\nto allow more leeway or tolerance for contratrend price\nfluctuation early in a new trade, and then to progressively\ntighten a protective trailing stop order as the trend matures.”\nThe indicator is a stop-setting entry and exit trading system\ndesigned to keep the investor in the market at all times. The\nidea is that if a trade is not continually producing profits, then\nit should be liquidated. But instead of waiting for the price to\nbottom and then re-entering with a long position, why not\ntake advantage of the profit opportunities on the way down?"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-4-76-78-working-money-stay-in-the-market-with-stop-and-reverse-by-rudy-teseo-21.gif"",""height"":""262"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-4-76-78-working-money-stay-in-the-market-with-stop-and-reverse-by-rudy-teseo-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-4-76-78-working-money-stay-in-the-market-with-stop-and-reverse-by-rudy-teseo-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20479wormon,d,"{""minimum-quantity"":""1"",""path"":""chap4ap202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:4 (79-82): Working Money: What Are Pivots? by Dennis D. Peterson"",""caption-linebreaks"":""Working Money: What Are Pivots? by Dennis D. Peterson
More than just an alternative to indicators,\npivots can be used to better understand market\nbehavior.
The appearance of pivots on a chart suggests the\nmarket has made a decision about price action.\nPivots are points at which the price changes\ndirection. In many ways, they are more useful\nthan indicators are. You will also find that pivots\nare the basis of many technical articles, and\nfrequently part of trading strategies.
Simply put, pivots are turning points (Figure 1). If the\nopen-high-low-close (OHLC) bars before and after a bar have\nlows above the low of the bar, then the bar is a pivot low. If the OHLC bars before and after a bar have lows below the low of the bar, then the bar is a pivot high. I prefer to see the highs or lows preceding the bar clearly indicate a trend or swing.\nGenerally, I wait till at least three bars appear after the\ncandidate pivot point before I determine a bar is a pivot; I\ndon’t want to get caught with a third-day reversal (what that\nis, I’ll explain shortly)."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-4-79-82-working-money-what-are-pivots-by-dennis-d-peterson-21.gif"",""height"":""262"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-4-79-82-working-money-what-are-pivots-by-dennis-d-peterson-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-4-79-82-working-money-what-are-pivots-by-dennis-d-peterson-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v2048386worm,d,"{""minimum-quantity"":""1"",""path"":""chap4ap202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:4 (83-84, 86): Working Money: Forming A Dow Line by David Penn"",""caption-linebreaks"":""Working Money: Forming A Dow Line by David Penn
Whether you are buying or selling, believe it or\nnot, it’s good to wait in line.
One of the most common aspects of chart reading,\nthe notion of buying or selling breakouts from\ncongestion, has its roots in Dow theory —\nspecifically, in the part of Dow theory that\ndescribes line formation.
In this context, a “line” is an area in which\nprices neither advance nor decline by a significant amount\nover a given period. This period may last anywhere from a\nfew weeks to several months, as the aggressiveness (or lack\nthereof) of buyers is met with equal aggressiveness (or lack\nthereof) on the part of sellers.\nThis equilibrium, however, is often short-lived. Sooner or"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-4-83-84-86-working-money-forming-a-dow-line-by-david-penn-21.gif"",""height"":""262"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-4-83-84-86-working-money-forming-a-dow-line-by-david-penn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-4-83-84-86-working-money-forming-a-dow-line-by-david-penn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20485wormon,d,"{""minimum-quantity"":""1"",""path"":""chap4ap202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:4 (85-86): Working Money: Buy High, Sell Low by Edwin Polokoff"",""caption-linebreaks"":""Working Money: Buy High, Sell Low by Edwin Polokoff
Nothing changes.\nEverything changes.
Too many research departments, too\nmany money managers, too many\nstock market “experts” do not perform up to\nexpected standards. My disillusionment began when\nI was a young broker in the 1950s. Eager and gullible,\nanxious to prove my mettle as a bright stock market\ncounselor, carrying none of the cynicism from\nexperience, I complained to my boss I was not getting\nthe kind of guidance either from our own research or\nother research departments that could help me guide\nmy clients. Maybe I was frisky enough and naïve\nenough to think that I could and should always beat\nthe market — especially with good research support.
Two weeks later, I was sitting in the mahoganypaneled\noffice of our chief executive officer, detailing\nmy concerns as diplomatically as possible. He was\nsurprised, attentive, sympathetic. There was no doubt in my\nmind he was sincere when he said he would look into it. It was\na happy, exhilarating experience in my early business life."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-4-85-86-working-money-buy-high-sell-low-by-edwin-polokoff-21.gif"",""height"":""262"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-4-85-86-working-money-buy-high-sell-low-by-edwin-polokoff-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-4-85-86-working-money-buy-high-sell-low-by-edwin-polokoff-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20487wormon,d,"{""minimum-quantity"":""1"",""path"":""chap4ap202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:4 (87-88): Working Money: Commodity Channel Index by Amy Wu"",""caption-linebreaks"":""Working Money: Commodity Channel Index by Amy Wu
How can you tell\nwhen a new trend is\nbeginning?
The consensus is that the\nmarkets have hit a bottom\nand are starting to show\nsigns of recovery. To find out\nwhether this is true, you can\napply the commodity channel\nindex (CCI), an indicator\nuseful for determining the\nbeginning and end of a trend.
Introduced by Donald\nLambert in 1980, the commodity\nchannel index is a price momentum indicator that measures the degree of variance\nof a security price from its statistical mean. Although\noriginally developed for trading commodities, the CCI can be\nused just as easily on stocks or any other type of security."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-4-87-88-working-money-commodity-channel-index-by-amy-wu-21.gif"",""height"":""262"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-4-87-88-working-money-commodity-channel-index-by-amy-wu-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-4-87-88-working-money-commodity-channel-index-by-amy-wu-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v2048911trad,d,"{""minimum-quantity"":""1"",""path"":""chap4ap202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:4 (89-93, 112-113): Traders’ Tips by Technical Analysis, Inc."",""caption-linebreaks"":""Traders’ Tips by Technical Analysis, Inc.
TRADESTATION: Stop-and-reverse
In his article “Stay In The Market With Stop-And-Reverse”\nin the Working Money section of this issue, Rudy Teseo\nappears to have based his discussion and illustration on the\nversion of parabolic SAR included in SuperCharts, one of our\nlegacy products. Our current software, TradeStation 6,\nincludes a more powerful multiple-outputs version of the\nparabolicSAR function, as well as several wrapper functions,\nindicators, and trading strategies based on this underlying\nfunction."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-4-89-93-112-113-traders-tips-by-technical-analysis-inc-20.gif"",""height"":""262"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-4-89-93-112-113-traders-tips-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-4-89-93-112-113-traders-tips-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20494quicea,d,"{""minimum-quantity"":""1"",""path"":""chap4ap202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:4 (94): Quick-Scans: eASCTrend by David Penn"",""caption-linebreaks"":""Quick-Scans: eASCTrend by David Penn
eASCTREND 6.0\nAbleSys Corp.
Product: Mechanical trading system\nfor stocks and futures."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-4-94-quick-scans-easctrend-by-david-penn-20.gif"",""height"":""262"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-4-94-quick-scans-easctrend-by-david-penn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-4-94-quick-scans-easctrend-by-david-penn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20495webfor,d,"{""minimum-quantity"":""1"",""path"":""chap4ap202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:4 (95): Websites For Traders: TitanTrading.com by Jayanthi Gopalakrishnan"",""caption-linebreaks"":""Websites For Traders: TitanTrading.com by Jayanthi Gopalakrishnan
TITANTRADING.COM\nWhere is the market going in the next\nfew days? We would all like to know,\nand the new online market commentary\nservice from Titan Trading Analytics\nmay help us get an idea. In fact, looking\nat its historical performance on the\nNasdaq Composite from June 2000 to\nAugust 2001, it’s evident the service has\noften come very close to accurately\npredicting short-term market movements."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-4-95-websites-for-traders-titantrading-com-by-jayanthi-gopalakrishnan-20.gif"",""height"":""262"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-4-95-websites-for-traders-titantrading-com-by-jayanthi-gopalakrishnan-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-4-95-websites-for-traders-titantrading-com-by-jayanthi-gopalakrishnan-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20510wormon,d,"{""minimum-quantity"":""1"",""path"":""chap5may202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:5 (102-104): Working Money: Confirming Averages by David Penn DOW THEORY"",""caption-linebreaks"":""Working Money: Confirming Averages by David Penn DOW THEORY
What happens when the Dow industrials\ngo where the transports fear to tread?
One of the original tenets of Dow theory, and\none of the most misunderstood, is the notion\nthat the averages must confirm each other.\nGenerally speaking, this refers to the rising\nand falling price action of two of the three\nmain Dow Jones averages, the Dow Jones\nTransportation Average (DJTA) and the Dow Jones Industrial\nAverage (DJIA). These averages have existed since their original inception by Charles Dow, though the actual components of\nthe averages have changed greatly over the years as different\ncompanies rose and fell from prominence in the American\nmarketplace (see sidebars on page 104)."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-5-102-104-working-money-confirming-averages-by-david-penn-dow-theory-20.gif"",""height"":""262"",""width"":""198""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-5-102-104-working-money-confirming-averages-by-david-penn-dow-theory-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-5-102-104-working-money-confirming-averages-by-david-penn-dow-theory-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20510120pro,d,"{""minimum-quantity"":""1"",""path"":""chap5may202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:5 (105-106, 120): Product Review: OmniTrader 2002 by David Penn"",""caption-linebreaks"":""Product Review: OmniTrader 2002 by David Penn
NIRVANA SYSTEMS, INC.
Internet: www.omnitrader.com
Product: Automated stock, options,\nand futures trading system software."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-5-105-106-120-product-review-omnitrader-2002-by-david-penn-21.gif"",""height"":""262"",""width"":""198""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-5-105-106-120-product-review-omnitrader-2002-by-david-penn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-5-105-106-120-product-review-omnitrader-2002-by-david-penn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20512bookfo,d,"{""minimum-quantity"":""1"",""path"":""chap5may202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:5 (121-122): Books For Traders by Technical Analysis, Inc."",""caption-linebreaks"":""Books For Traders by Technical Analysis, Inc.
• Profitable Candlestick Trading: Pinpointing Market Opportunities To Maximize Profits, by Stephen W.\nBigalow
• Core Trading Tactics, by Oliver Velez
• Mutual Fund Investor’s Guide 2002, by Kirk Kazanjian
• Trading Options Visually: What You Must Know To Trade Options On Futures, by Paul Forchione
• How To Choose Stocks That Will Outperform The Market 2002,\nby Grace K. Morris
• Online Trader’s Dictionary, by R.J. Shook
• Web Rules: How The Internet Is Changing The\nWay Consumers Make Choices, by Tom Murphy
• Advanced Modeling In Finance Using Excel And VBA, by Mary Jackson and Mike Staunton
• The 100 Best Stocks To Own In America: 7th\nEdition, by Gene Walden
• TheStreet.com Guide To Smart Investing: Everything\nYou Need To Know To Outsmart Wall Street And Select Winning\nStocks, by Dave Kansas, with an introduction by James J. Cramer
• Equity Derivatives Theory And Applications, by Marcus Overhaus
• Paving Wall Street: Experimental Economics &\nThe Quest For The Perfect Market, by Ross M. Miller with a foreword by Vernon L.Smith
• The New Trader’s Tax Solution:Money-Saving Strategies For The Serious Investor, by Ted Tesser
• Options As A Strategic Investment: 4th\nEdition, by Lawrence G. McMillan
• Winning Chart Patterns, by Ed Downs"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-5-121-122-books-for-traders-by-technical-analysis-inc-21.gif"",""height"":""262"",""width"":""198""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-5-121-122-books-for-traders-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-5-121-122-books-for-traders-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20516lettos,d,"{""minimum-quantity"":""1"",""path"":""chap5may202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:5 (16): Letters to S&C by Technical Analysis, Inc."",""caption-linebreaks"":""Letters to S&C by Technical Analysis, Inc.
POINT & FIGURE CHARTING ONLINE
Editor,
Regarding the letter in the January 2002\nissue regarding point and figure\nsoftware, a good site for P&F is\nPFscan.com. It’s a UK company but\ntheir software can also be used for the\nUS market. I hope this is of some help.
BILL THORNE, via e-mail"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-5-16-letters-to-s-c-by-technical-analysis-inc-21.gif"",""height"":""262"",""width"":""198""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-5-16-letters-to-s-c-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-5-16-letters-to-s-c-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20520cenofg,d,"{""minimum-quantity"":""1"",""path"":""chap5may202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:5 (20-24): The Center Of Gravity Oscillator by John F. Ehlers"",""caption-linebreaks"":""The Center Of Gravity Oscillator by John F. Ehlers
Here’s an indicator that identifies every major turning\npoint without much lag.
This new oscillator is unique in that it is\nsmoothed and has essentially zero lag. The\nsmoothing enables clear identification of\nturning points, and the zero lag aspect\nmeans action can be taken early in the\nmove. This oscillator is the serendipitous result of\nmy research into adaptive filters. While the filters\nhave not yet produced the results I am seeking, this\noscillator has substantial advantages over conventional\noscillators used in technical analysis."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-5-20-24-the-center-of-gravity-oscillator-by-john-f-ehlers-21.gif"",""height"":""262"",""width"":""198""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-5-20-24-the-center-of-gravity-oscillator-by-john-f-ehlers-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-5-20-24-the-center-of-gravity-oscillator-by-john-f-ehlers-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20526daysto,d,"{""minimum-quantity"":""1"",""path"":""chap5may202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:5 (26-34): Daytrading Stock Pairs by Mark Conway and Aaron Behle"",""caption-linebreaks"":""Daytrading Stock Pairs by Mark Conway and Aaron Behle
Tired of trading Level II quotes and one-minute charts? Try a\nmarket-neutral strategy.
It can take years of experience to discover one\nunique insight to exploit that can consistently\npull money out of the stock market. Most\ntraders have a bias as to market direction and\nposition themselves accordingly; however,\nmarket-neutral strategies are becoming\npopular for those who are tired of trading on\nthe gerbil wheel of Level II quotes and one-minute charts.
Pairs trading is a market-neutral strategy where a long\nposition in one stock and a short position in a correlated stock\nare taken simultaneously. The profit principle of the trade is\nbased on mean reversion — that is, two stocks that normally\ntrade in the same direction become temporarily uncorrelated\nand eventually will revert to the mean."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-5-26-34-daytrading-stock-pairs-by-mark-conway-and-aaron-behle-21.gif"",""height"":""262"",""width"":""198""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-5-26-34-daytrading-stock-pairs-by-mark-conway-and-aaron-behle-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-5-26-34-daytrading-stock-pairs-by-mark-conway-and-aaron-behle-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20536tamvol,d,"{""minimum-quantity"":""1"",""path"":""chap5may202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:5 (36-40): Taming The Volatility Beast by Kevin Lund"",""caption-linebreaks"":""Taming The Volatility Beast by Kevin Lund
Take advantage of volatility and play those options.
If you’ve traded options for any length of\ntime, you’ve probably experienced the\nfollowing scenario: You spot a stock that\nseems to have some good swings. After\nwatching it drop for a few days, your\ntechnical analysis suggests the selling was\nsimply profit-taking, and you feel the stock will move up\nsoon. So you buy some call options. Over the next couple of\ndays, however, as you watch your stock climb modestly, the\nvalue of your options drops, probably because you purchased\nexpensive options.
This kind of situation is common, and is one of the reasons\nmany traders and investors shy away from the options market.\nBut there are also many who trade options every day with\ngreat success because of their ability to harness volatility.\nVolatility is perhaps the most misunderstood component of\noptions trading, which is why many who blindly dive into the\noptions market do so with limited success when they start out."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-5-36-40-taming-the-volatility-beast-by-kevin-lund-20.gif"",""height"":""262"",""width"":""198""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-5-36-40-taming-the-volatility-beast-by-kevin-lund-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-5-36-40-taming-the-volatility-beast-by-kevin-lund-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20542howran,d,"{""minimum-quantity"":""1"",""path"":""chap5may202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:5 (42-45): How Random Is The Dow by Tony Baker and William Arnold"",""caption-linebreaks"":""How Random Is The Dow by Tony Baker and William Arnold
This study looks at the market fluctuations of the DJIA to\ndetermine if there is any consistency in the markets.
One of the best-known, universally reliable\ncharacteristics of the financial markets is their\ntendency to fluctuate. In times of optimism or\npessimism, rising or falling interest rates,\ninflation or deflation, these deviations from"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-5-42-45-how-random-is-the-dow-by-tony-baker-and-william-arnold-20.gif"",""height"":""262"",""width"":""198""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-5-42-45-how-random-is-the-dow-by-tony-baker-and-william-arnold-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-5-42-45-how-random-is-the-dow-by-tony-baker-and-william-arnold-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20546projfi,d,"{""minimum-quantity"":""1"",""path"":""chap5may202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:5 (46-50): Projected Fibonacci Targets by Mohab Nabil"",""caption-linebreaks"":""Projected Fibonacci Targets by Mohab Nabil
Here’s a new technique for determining\nprice targets after a breakout\nfrom a previous price swing.
Fibonacci analysis,\nwhich is employed\nby practitioners of\nvarious sciences such\nas astronomy, mathematics, and architecture, also has a\nrole in projecting price targets of\nfinancial securities. After working\nwith Fibonacci ratiosÝ for several\nyears, I developed a new technique\nfor determining price targets after a\nbreakout (up or down) from previous\nprice swings, which I call projected\nFibonacci targets (PFT)."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-5-46-50-projected-fibonacci-targets-by-mohab-nabil-20.gif"",""height"":""262"",""width"":""198""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-5-46-50-projected-fibonacci-targets-by-mohab-nabil-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-5-46-50-projected-fibonacci-targets-by-mohab-nabil-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20552stratf,d,"{""minimum-quantity"":""1"",""path"":""chap5may202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:5 (52-54): Strategies For Single-Stock Futures by Don Bright"",""caption-linebreaks"":""Strategies For Single-Stock Futures by Don Bright
With single-stock futures ready to make an\nentry into the markets, you need to be armed\nwith the right strategies.
I ’m often asked what the traits\nare that successful stock traders\nhave in common, and although\nthere are many, what I\nfind binds all good traders together is adaptability. We all thrived through\nthe euphoria of the dotcom phase, and the\nNasdaq’s meteoric rise past common sense\ninto obscenity. Many a genius was behind a\ncomputer when the buy-and-hold mentality\npermeated the shell of proprietary trading.\nTelevision analysts and online brokers found\ngigantic audiences in the nouveau stock\nmarket aficionados. Initial public offerings\n(IPOs) were all the rage and a sure topic for\ncocktail party discussions, and the Internet\nhad become the vehicle for bathrobe-attired\ninvestors to ply their newfound trade. The\nmarkets were flying, and paper millionaires\nwere sharing their exploits in chatrooms and\nvideotapes. Yes, it was pretty hard to stay out\nof a game like that. Everyone seemed to have\nan interest in the market."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-5-52-54-strategies-for-single-stock-futures-by-don-bright-21.gif"",""height"":""262"",""width"":""198""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-5-52-54-strategies-for-single-stock-futures-by-don-bright-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-5-52-54-strategies-for-single-stock-futures-by-don-bright-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20556injohb,d,"{""minimum-quantity"":""1"",""path"":""chap5may202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:5 (56-65): Interview: John Bollinger Of Bollinger Bands Fame by Jayanthi Gopalakrishnan"",""caption-linebreaks"":""Interview: John Bollinger Of Bollinger Bands Fame by Jayanthi Gopalakrishnan
Unlike many technicians who start out with degrees in\nbusiness, veteran analyst John Bollinger, the president and\nfounder of Bollinger Capital Management, started out with a\ndecidedly unmarket-like bent. He graduated from the School\nof Visual Arts majoring in cinematography, and only afterward\nstarted studying the market. Since then, though, he’s become\none of the best-known market analysts in the field, with the\nnow-classic Bollinger Bands technique to his credit (which\nhas been integrated into most analytical software currently\nin use), as well as a slew of other techniques and methods. He\nis a Chartered Financial Analyst (CFA) and Chartered Market\nTechnician (CMT), is an active member of the financial\ncommunity, and is a frequent lecturer at national and\ninternational investment seminars.
Not only that, Bollinger’s Capital Growth Letter provides\ninvestment advice for the average investor employing a\ntechnically driven asset allocation approach. His Group\nPower provides industry group analysis using a group\nstructure. Bollinger developed a website called EquityTrader,\nwhich provides investors with a quick and easy method of\nevaluating the past performance and potential appreciation\nof equities. EquityTrader evaluates its universe of equities\nusing a fuzzy logic engine that considers both technical and\nfundamental factors, a combination he calls rational analysis.\nBollingerOnBollingerBands.com is Bollinger’s most recent\nwebsite. The site provides access to the trading systems that\nare introduced in his latest book, as well as daily lists of the\nstocks that qualify for the three methods, mentioned therein.\nThere is also a charting area that includes a variety of\nindicators and candlestick charts.\nAfter purchasing his first microcomputer in 1977, Bollinger\nbecame involved in the seminal stages of computer-driven\nmarket analysis. Today, he continues to write some of his own\nsoftware. STOCKS & COMMODITIES Editor Jayanthi\nGopalakrishnan spoke with Bollinger via telephone on\nFebruary 22, 2002."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-5-56-65-interview-john-bollinger-of-bollinger-bands-fame-by-jayanthi-gopalakrishnan-21.gif"",""height"":""262"",""width"":""198""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-5-56-65-interview-john-bollinger-of-bollinger-bands-fame-by-jayanthi-gopalakrishnan-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-5-56-65-interview-john-bollinger-of-bollinger-bands-fame-by-jayanthi-gopalakrishnan-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20566planto,d,"{""minimum-quantity"":""1"",""path"":""chap5may202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:5 (66-71): Plan To Win by Richard Ahrens"",""caption-linebreaks"":""Plan To Win by Richard Ahrens
There are two kinds of traders: amateurs and professionals.\nThe amateurs supply the money. Which would you rather be?
It has been estimated that only 10% of\ntraders consistently make money. It has\nalso been estimated that only 10% of\ntraders have a clearly defined trading plan.\nCoincidence? Not likely. In the same way\nthat a good builder must plan many\ndifferent aspects of his or her project before beginning\nconstruction, a good trader must consider a variety of factors\nbefore entering a trade. Failing to consider all the elements of\na trade may not lead to ruin, but it certainly stacks the odds against you. It’s much better to have a complete plan in place\nfor each trade before you put money on the table. So what\nfactors do you need to consider when creating your trading\nplan?"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-5-66-71-plan-to-win-by-richard-ahrens-21.gif"",""height"":""262"",""width"":""198""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-5-66-71-plan-to-win-by-richard-ahrens-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-5-66-71-plan-to-win-by-richard-ahrens-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20572webfor,d,"{""minimum-quantity"":""1"",""path"":""chap5may202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:5 (72): Websites For Traders: OptionsXpress.com by Jayanthi Gopalakrishnan"",""caption-linebreaks"":""Websites For Traders: OptionsXpress.com by Jayanthi Gopalakrishnan
OPTIONSXPRESS.COM
With online trading as popular as it is,\nmany traders may find it tempting to\nplace trades without doing their\nhomework. This is partly because of the\nlack of websites that give you the\nopportunity to learn about trading, analyze\nyour strategies, and place trades.\nFortunately, the founders of options-\nXpress.com realized that options traders\nneeded more than what traditional online\nbrokers offer. So they set out to create a\nsite that would give the options trader the\nability to analyze prospective trades\nthoroughly prior to hitting the buy or sell\nbutton. They did so by integrating what\nthey refer to as the “three Es” —\neducation, evaluation, and execution."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-5-72-websites-for-traders-optionsxpress-com-by-jayanthi-gopalakrishnan-20.gif"",""height"":""262"",""width"":""198""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-5-72-websites-for-traders-optionsxpress-com-by-jayanthi-gopalakrishnan-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-5-72-websites-for-traders-optionsxpress-com-by-jayanthi-gopalakrishnan-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20573asbyja,d,"{""minimum-quantity"":""1"",""path"":""chap5may202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:5 (73): AskChart.com by Jayanthi Gopalakrishnan"",""caption-linebreaks"":""AskChart.com by Jayanthi Gopalakrishnan
ASKCHART.COM
One look at AskChart’s home page tells\nyou this is an information-packed site.\nNot many sites give you an overall\npicture of the market in such a condensed\nfashion, but a visit to AskChart.com\nwill give you an idea within seconds of\nwhich sectors and stocks are outperforming\nor underperforming."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-5-73-askchart-com-by-jayanthi-gopalakrishnan-21.gif"",""height"":""262"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-5-73-askchart-com-by-jayanthi-gopalakrishnan-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-5-73-askchart-com-by-jayanthi-gopalakrishnan-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20574qabydo,d,"{""minimum-quantity"":""1"",""path"":""chap5may202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:5 (74-75): Q&A by Don Bright"",""caption-linebreaks"":""Q&A by Don Bright
MARKET ORDERS
I rarely trade listed issues. But I feel\nthat exposure to this marketplace would\nbe advantageous to my trading over the\nlong term. Perhaps you could shed some\nlight on just how the system works. I\nknow the uptick rules — it is the mystery\nof the book and its depth that confound\nme, I think. I used limit orders the last\ntime I tried to short a listed issue (AXP).\nIt was suggested to me then that market\norders were the way to go when going\nshort. Any insights would be appreciated\n— Greg"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-5-74-75-q-a-by-don-bright-20.gif"",""height"":""262"",""width"":""198""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-5-74-75-q-a-by-don-bright-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-5-74-75-q-a-by-don-bright-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20576prodre,d,"{""minimum-quantity"":""1"",""path"":""chap5may202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:5 (76-77): Product Review: MBT Navigator by Jayanthi Gopalakrishnan"",""caption-linebreaks"":""Product Review: MBT Navigator by Jayanthi Gopalakrishnan
MB TRADING, INC.
Internet: www.mbtrading.com
Product: Built-in order management\nsystem for quote providers."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-5-76-77-product-review-mbt-navigator-by-jayanthi-gopalakrishnan-20.gif"",""height"":""262"",""width"":""198""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-5-76-77-product-review-mbt-navigator-by-jayanthi-gopalakrishnan-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-5-76-77-product-review-mbt-navigator-by-jayanthi-gopalakrishnan-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20582webfor,d,"{""minimum-quantity"":""1"",""path"":""chap5may202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:5 (82): Websites For Traders: Kitco.com by Bruce R. Faber"",""caption-linebreaks"":""Websites For Traders: Kitco.com by Bruce R. Faber
KITCO.COM
All that glitters isn’t gold, but Kitco.com\ndefinitely is. If you want information on\ngold or most other precious metals,\nKitco.com is a good place to start. It\nwould be nice if there were sites with as\nmuch pertinent information on other\ntradable commodities as Kitco.com has\nabout gold."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-5-82-websites-for-traders-kitco-com-by-bruce-r-faber-20.gif"",""height"":""262"",""width"":""198""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-5-82-websites-for-traders-kitco-com-by-bruce-r-faber-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-5-82-websites-for-traders-kitco-com-by-bruce-r-faber-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v2058310trad,d,"{""minimum-quantity"":""1"",""path"":""chap5may202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:5 (83-88, 107-109): Traders’ Tips by Technical Analysis, Inc."",""caption-linebreaks"":""Traders’ Tips by Technical Analysis, Inc.
METASTOCK: Projected Fibonacci targets
In “Projected Fibonacci Targets” in this issue, Mohab Nabil\nintroduces Fibonacci studies, which may be new to some\nreaders. In MetaStock, it is very easy to apply Fibonacci\nretracements to a chart.
In MetaStock, bring up a chart you want to analyze. With\nyour cursor, you can simply click on the Fibonacci\nretracements icon or use the Insert menu and select Fibonacci,\nthen choose one of our four studies. It will then apply the\nstudy to your chart. The defaults of 23.6, 38.2, 50, and 61.8%\nwill automatically appear. You also can customize any other\nnumbers that you would like to have appear in your study.
—Scott Brown, Equis International, Inc.\nsupport@equis.com, www.equis.com"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-5-83-88-107-109-traders-tips-by-technical-analysis-inc-21.gif"",""height"":""262"",""width"":""198""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-5-83-88-107-109-traders-tips-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-5-83-88-107-109-traders-tips-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20583107109,d,"{""minimum-quantity"":""1"",""path"":""chap5may202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:5 (83-88, 107-109):Product Review: TradingSolutions by Dennis Peterson"",""caption-linebreaks"":""Product Review: TradingSolutions by Dennis Peterson
NEURODIMENSION, INC.
Internet: www.tradingsolutions.com
Requirements: Windows PC\nwith 200Mhz+ processor."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-5-83-88-107-109-product-review-tradingsolutions-by-dennis-peterson-21.gif"",""height"":""262"",""width"":""198""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-5-83-88-107-109-product-review-tradingsolutions-by-dennis-peterson-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-5-83-88-107-109-product-review-tradingsolutions-by-dennis-peterson-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20590wormon,d,"{""minimum-quantity"":""1"",""path"":""chap5may202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:5 (90-93): Working Money: Trends And The 4% Solution by David Penn"",""caption-linebreaks"":""Working Money: Trends And The 4% Solution by David Penn
Can you improve your odds of buying\nbottoms and selling tops? Use both\ntrend-following and momentum-shift\napproaches to learn when to hold ’em\nand when to fold ’em.
From a technical perspective, there\nare two general schools of thought\nwhen it comes to buying and\nselling stock. The first is that a\nposition should be entered only when the\nstock has begun a trend (that is, a series of\nhigher highs and higher lows — an uptrend\n— or a series of lower highs and lower lows\n— a downtrend). This, the trend-following\nschool, believes that the easiest way to take\nprofits from the marketplace is to wait for a\nreliable trend to begin, and to ride that trend\nuntil clear and convincing evidence develops\nthat it has ended."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-5-90-93-working-money-trends-and-the-4-solution-by-david-penn-21.gif"",""height"":""262"",""width"":""198""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-5-90-93-working-money-trends-and-the-4-solution-by-david-penn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-5-90-93-working-money-trends-and-the-4-solution-by-david-penn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20594wormon,d,"{""minimum-quantity"":""1"",""path"":""chap5may202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:5 (94-96): Working Money: Candlestick Profits by Stephen W. Bigalow"",""caption-linebreaks"":""Working Money: Candlestick Profits by Stephen W. Bigalow
A charting technique\nfrom long ago can help\nyou make a tidy profit.
Although candlestick\ncharting has been a\npart of the US trading Acommunity for decades, only\nrecently has interest picked up\nin this technique for investment\npurposes. The investor who\ntakes the amount of time and\neffort needed to master\ncandlesticks can reap handsome\nprofits. Candlestick analysis can\nproduce remarkably accurate\nresults, and using it may help\nyou maximize profits while\nreducing risk exposure."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-5-94-96-working-money-candlestick-profits-by-stephen-w-bigalow-20.gif"",""height"":""262"",""width"":""198""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-5-94-96-working-money-candlestick-profits-by-stephen-w-bigalow-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-5-94-96-working-money-candlestick-profits-by-stephen-w-bigalow-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20597wormon,d,"{""minimum-quantity"":""1"",""path"":""chap5may202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:5 (97-101): Working Money: Trendlines And Consolidations by Dennis D. Peterson"",""caption-linebreaks"":""Working Money: Trendlines And Consolidations by Dennis D. Peterson
Here’s a technique that produces more accurate\ntrendlines.
Drawing trendlines correctly is more\nchallenging than many traders realize. The\nrule is that the more peaks and valleys you\nconnect with a straight line, the more valid\nthe line is in defining a trend. But simply\nconnecting a set of the more prominent peaks or valleys can cause you to miss consolidations, since\nthe smaller peaks and valleys that are skipped over could be\ndefining a consolidation pattern. Consolidation patterns are\nimportant because they can be used to gauge how much\nfarther an equity will move.
When an equity is traded it is in an uptrend, a downtrend,\nor moving sideways. There are two types of sideways\nmovements. One is what might be called an accumulation\nphase, which is a series of daily price changes that vary less\nthan 5%. If the price was $50, then price would vary no more\nthan $2.50 for several weeks."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-5-97-101-working-money-trendlines-and-consolidations-by-dennis-d-peterson-20.gif"",""height"":""262"",""width"":""198""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-5-97-101-working-money-trendlines-and-consolidations-by-dennis-d-peterson-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-5-97-101-working-money-trendlines-and-consolidations-by-dennis-d-peterson-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20610wormon,d,"{""minimum-quantity"":""1"",""path"":""chap6jun202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:6 (102-105): Working Money: Gibson's Paradox by David Penn"",""caption-linebreaks"":""Gibson’s Paradox by David Penn
Can an old gold-standard truism tell us anything\nabout stocks and bonds today?
One of the more helpful tenets of intermarket technical analysis has been the rediscovery of the leading relationship between stocks and bonds. In most market conditions, stock prices tend to follow bond\nprices. While there was a significant lag from time to time, this pattern held up remarkably well for most of the 20th century — so much so that it has become\nalmost a truism among those technical analysts who include intermarket study in their observations. As John Murphy wrote in his classic Intermarket Technical Analysis, \""Since bonds and stocks are historically linked together, technical analysis of one without a corresponding analysis of the other is incomplete. At the very least a stock market trader or investor should be monitoring the bond market for confirmation.\"""",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-6-102-105-working-money-gibson-s-paradox-by-david-penn-20.gif"",""height"":""262"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-6-102-105-working-money-gibson-s-paradox-by-david-penn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-6-102-105-working-money-gibson-s-paradox-by-david-penn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20612lettos,d,"{""minimum-quantity"":""1"",""path"":""chap6jun202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:6 (12-20): Letters to S&C"",""caption-linebreaks"":""Letters to S&C
Editor,
I recently subscribed to S&C magazine and find\nit the best in the field. I believe it was in the March 2002 S&C that you covered trading systems with a huge list\nof different systems. My question to you is this: I have spent years on personal trading systems that I developed from scratch. I need software or a way to test them. Can you help? Vladimir Stepnov’s article “Equity Curve Analysis” was great in the April 2002 S&C, but I need to go deeper..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-6-12-20-letters-to-s-c-20.gif"",""height"":""262"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-6-12-20-letters-to-s-c-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-6-12-20-letters-to-s-c-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v206122bookf,d,"{""minimum-quantity"":""1"",""path"":""chap6jun202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:6 (122): Books For Traders"",""caption-linebreaks"":""Books For Traders
Quick reviews of seven newly released boks, including Advanced Modeling In Finance Using Excel\nAnd VBA, by Mary Jackson and Mike Staunton, and Comfort Zone Investing: How To Tailor Your Portfolio For High Returns And Peace Of Mind by\nGillette Edmunds."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-6-122-books-for-traders-20.gif"",""height"":""262"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-6-122-books-for-traders-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-6-122-books-for-traders-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20622aucmar,d,"{""minimum-quantity"":""1"",""path"":""chap6jun202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:6 (22-30): The Auction Market Theory by Donald Jones"",""caption-linebreaks"":""The Auction Market Theory by Donald Jones
Thanks to the Internet, even when you are far removed from the floor of the exchange, you can still hear what the market is saying.
At some point, every trader benefits from a surprisingly fast, good trade. When that happens, should you take what you have and run, or should you hold out in hope of additional appreciation? How do you know\nwhat the market is telling you?
To answer that question, you need to know the theory behind the markets. This will help you to tie the myriad loose ends of market data together, organize them, and simplify your market analysis. The Auction Market Theory, which is based on observable facts, takes the entirety of market data and other information and compresses it into a set of assumptions and rules leading to consistent, intelligent trading strategies. The resulting structure helps you understand the migration of value and the market condition within which the value changes are taking place, enabling you to understand what the market is saying."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-6-22-30-the-auction-market-theory-by-donald-jones-20.gif"",""height"":""262"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-6-22-30-the-auction-market-theory-by-donald-jones-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-6-22-30-the-auction-market-theory-by-donald-jones-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20632trenin,d,"{""minimum-quantity"":""1"",""path"":""chap6jun202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:6 (32-35): Trend Intensity Index by M.H. Pee"",""caption-linebreaks"":""Trend Intensity Index by M.H. Pee
How strong is the trend? Find out using this index.
In my previous article I discussed the trend detection\nindex (TDI) and showed its ability to signal the beginning of trends. In this article, I will describe another new indicator, the trend intensity index (TII),\nwhich is used to indicate the strength of a current trend in the market. The stronger the current trend, the more likely the market will continue moving in its current direction instead of changing course. It is during a\nstrong trend that you should enter the market and ride along until the TII shows signs of an imminent reversal. When this happens, you should abandon your positions and prepare to place a trade in the opposite direction."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-6-32-35-trend-intensity-index-by-m-h-pee-21.gif"",""height"":""262"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-6-32-35-trend-intensity-index-by-m-h-pee-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-6-32-35-trend-intensity-index-by-m-h-pee-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20634sidcal,d,"{""minimum-quantity"":""1"",""path"":""chap6jun202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:6 (34): Sidebar: Calculating The Rules by M.H. Pee"",""caption-linebreaks"":""Sidebar: Calculating The Rules by M.H. Pee
The trend intensity index (TII) can be calculated using an Excel spreadsheet. The data given in the spreadsheet following, which stretches from September 23, 1998, to December 31, 1998, is from the yen and is in continuous contract format. Hence, these values may not reflect the actual prices on those dates. This, however, does not in any way affect the trading signals and testing results. Daily data is used with the date, open, high, low, and close recorded in columns A, B, C, D, and E, respectively. Other values vital for the calculation of the TII are also included in the other columns for easy reference. The date is recorded using six digits, with the first two representing the year, the next two the month, and the last two the day. As an example, the number 980923 represents September 23, 1998."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-6-34-sidebar-calculating-the-rules-by-m-h-pee-21.gif"",""height"":""262"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-6-34-sidebar-calculating-the-rules-by-m-h-pee-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-6-34-sidebar-calculating-the-rules-by-m-h-pee-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20636makcen,d,"{""minimum-quantity"":""1"",""path"":""chap6jun202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:6 (36-43): Making Cents Of Throwbacks And Pullbacks by Thomas Bulkowski"",""caption-linebreaks"":""Making Cents Of Throwbacks And Pullbacks by Thomas Bulkowski
What are they and how can we use them? Find out what they are and how they perform.
When I started investing more than 20 years ago, I thought technical analysis was nothing more than mysterious squiggles on a chart. Now, I am a chart pattern trader who’s not afraid to dig for answers. While completing work on my latest book, Trading Classic Chart Patterns, I uncovered some intriguing performance tips for stock investors and chart pattern traders. This article discusses those tips for\nthrowbacks and pullbacks.
BACKGROUND AND IDENTIFICATION TIPS
What are throwbacks and pullbacks? Figure 1 shows an example of a throwback after an upward breakout\nfrom an ascending triangle. A throwback occurs when prices quickly return to the breakout price. After the\nthrowback completes its journey, prices usually continue climbing."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-6-36-43-making-cents-of-throwbacks-and-pullbacks-by-thomas-bulkowski-21.gif"",""height"":""262"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-6-36-43-making-cents-of-throwbacks-and-pullbacks-by-thomas-bulkowski-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-6-36-43-making-cents-of-throwbacks-and-pullbacks-by-thomas-bulkowski-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20644qabydo,d,"{""minimum-quantity"":""1"",""path"":""chap6jun202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:6 (44-45): Q&A by Don Bright"",""caption-linebreaks"":""Q&A by Don Bright
SINCE YOU ASKED
Confused about some aspect of trading? Professional trader Don Bright of Bright Trading, an equity trading corporation, answers a few of your questions.
NYSE VERSUS NASDAQ 100
I have been reading and enjoying your Q&A comments in STOCKS & COMMODITIES, and I found something\nthat I would like to get further information about. I am retired from the US Navy and have been swing trading from my home for the last five years. I have been active\nin the market since the mid-1960s, but avoided active trading until I retired and had good access to the Internet, along with the cheap quotes and lower commissions that made trading versus investing possible for me.
In recent years, I have successfully traded stocks like DELL, RFMD, AMAT, RMBS, and SUNW for nice profits. I\ngenerally trade one to two thousand shares per trade, and hold for one to five days on average. I use RealTick and Schwab Velocity for my trading. In one of your comments, you stated that you only trade New York Stock Exchange (NYSE) stocks with daily volume of two\nmillion shares because of your distaste for market makers. Could you provide more insight into this thought about trading NYSE stocks rather than Nasdaq\n100 stocks?"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-6-44-45-q-a-by-don-bright-21.gif"",""height"":""262"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-6-44-45-q-a-by-don-bright-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-6-44-45-q-a-by-don-bright-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20646movava,d,"{""minimum-quantity"":""1"",""path"":""chap6jun202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:6 (46-48): Moving Averages And The Slingshot Effect by Bo Yoder"",""caption-linebreaks"":""Moving Averages And The Slingshot Effect by Bo Yoder
Watch the bulls and bears battle for supremacy to determine market direction.
Moving averages (MAs) are among the simplest and most effective tools in any trader’s arsenal. They\noffer moving areas of support and resistance, harnessing the market’s tendency to revert to the mean. The market often cycles against these “averaged” levels as the whipsaws and wiggles of a new trend begin to form. The 20-period moving average is a commonly watched indicator. When prices are above the moving average it’s seen as a test of support, whereas when prices are below the moving average it’s seen as a test of resistance. The way the market\ntreats this barrier to price movement as the bulls and bears battle for supremacy can offer strong directional clues for observant traders."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-6-46-48-moving-averages-and-the-slingshot-effect-by-bo-yoder-21.gif"",""height"":""262"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-6-46-48-moving-averages-and-the-slingshot-effect-by-bo-yoder-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-6-46-48-moving-averages-and-the-slingshot-effect-by-bo-yoder-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20649exyour,d,"{""minimum-quantity"":""1"",""path"":""chap6jun202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:6 (49): Explore Your Options by Tom Gentile"",""caption-linebreaks"":""Explore Your Options by Tom Gentile
Got a question about options? Tom Gentile is the chief options strategist at Optionetics (www.optionetics.com), an education and publishing firm dedicated to teaching investors how to minimize their risk while maximizing profits using options. E-mail your questions for Gentile to Editor@Traders.com, with the subject line directed to “Tom Gentile Question.”
OPTIONS INFO
I am new to options, although I have been trading stocks for several years. Does the technical analysis I use for stocks also apply to options? Is there anything (such as the parameters of MACD, RSI, and DMI) I need to change in order to adapt to the options market? Do you know of any websites that provide charts of options? Thanks. — Richard Wilson"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-6-49-explore-your-options-by-tom-gentile-21.gif"",""height"":""262"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-6-49-explore-your-options-by-tom-gentile-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-6-49-explore-your-options-by-tom-gentile-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20651webfor,d,"{""minimum-quantity"":""1"",""path"":""chap6jun202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:6 (51): Websites For Traders: Optionetics.com by Jayanthi Gopalakrishnan"",""caption-linebreaks"":""Websites For Traders: Optionetics.com by Jayanthi Gopalakrishnan
OPTIONETICS.COM
At your first glance, the Optionetics homepage may leave you baffled as you look for a place to start. After navigating a little, I think the best place to begin is the Daily Need To Know section. This section contains easy-to-read articles covering topics from trading strategies to tax tips. This is the kind of educational content that gives the website its strength.
Optionetics focuses on low-risk strategies and the importance of hedging positions. The site discusses severaldelta-neutral strategies that will minimize risks and maximize profits. Most of the strategies discussed on the site will work well in any market, regardless of the direction."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-6-51-websites-for-traders-optionetics-com-by-jayanthi-gopalakrishnan-21.gif"",""height"":""262"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-6-51-websites-for-traders-optionetics-com-by-jayanthi-gopalakrishnan-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-6-51-websites-for-traders-optionetics-com-by-jayanthi-gopalakrishnan-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20652webfor,d,"{""minimum-quantity"":""1"",""path"":""chap6jun202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:6 (52-53): Websites For Traders: ChartWatchCentral.com by David Penn"",""caption-linebreaks"":""Websites For Traders: ChartWatchCentral.com by David Penn
CHARTWATCHCENTRAL.COM
Christina Nikolov, founder of ChartWatchCentral.com, sent me an email in February 2002 about a double\ntop in Apple Computers (AAPL) that I had written about for Traders.com Advantage. The double top looked as though it was turning into a head and shoulders top, but ended up just turning into a renewed advance. Maybe it was her combination of admonishment\n(“heavier volume on the second rally … should be lighter on the second peak”) and encouragement (“I think that you have the right idea … it is likely that the\ncurrent level will be a topping pattern”), but I thought I’d take her advice when she suggested I visit her website,\nChartWatchCentral.com, where, she said, 29 different stocks with intriguing chart patterns awaited my attention."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-6-52-53-websites-for-traders-chartwatchcentral-com-by-david-penn-21.gif"",""height"":""262"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-6-52-53-websites-for-traders-chartwatchcentral-com-by-david-penn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-6-52-53-websites-for-traders-chartwatchcentral-com-by-david-penn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20654doeqte,d,"{""minimum-quantity"":""1"",""path"":""chap6jun202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:6 (54-59): Do Equations Tell The Whole Story? by Gordon Gustafson"",""caption-linebreaks"":""Do Equations Tell The Whole Story? by Gordon Gustafson
Success in systems trading depends on having good trading systems and good money management practices. Optimal f can help you.
Once you have a good trading system, wouldn’t it be wonderful if you had an equation you could plug into a system to discover the perfect amount to risk on each trade? All you’d have to do would be to plug the results\ninto a risk calculation and relax, knowing that the chances of ever losing again were practically nil.
It’s a nice idea. But the fact of the matter? Such equations could easily lead you astray."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-6-54-59-do-equations-tell-the-whole-story-by-gordon-gustafson-20.gif"",""height"":""262"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-6-54-59-do-equations-tell-the-whole-story-by-gordon-gustafson-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-6-54-59-do-equations-tell-the-whole-story-by-gordon-gustafson-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20660intrad,d,"{""minimum-quantity"":""1"",""path"":""chap6jun202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:6 (60-66): Interview: Trading Communities On The Web: Doug Fairclough by J. Gopalakrishnan"",""caption-linebreaks"":""Trading Communities On The Web: Doug Fairclough by J. Gopalakrishnan
Doug Fairclough was in the midst of a two-year stint as database guru at HotWired, the pioneering website of Wired magazine, when he became aware of the possibilities of the Internet technologies, and decided to apply them to the financial arena. He launched financial website ClearStation in 1998, building it up before selling to E*Trade in 2000.
What’s he up to these days? As it turns out, more of the same. STOCKS & COMMODITIES Editor Jayanthi Gopalakrishnan spoke with Doug Fairclough via telephone on March 29, 2002, to find out.
Q: Are you still involved with ClearStation?
A: Yes, I am. I’m a member of the core section of\nRecommend, an area on the website (my username is “kensey”). I still send recommendations to that, and those go to about 400,000 people.
Q: Let’s talk about that a little later. First, though, what inspired you to start something like ClearStation\nCommunity — is that what you call it?
A: That’s fine. I started it in the summer of 1996. I worked on it for about two years on my own, and then, once I had most of the sections of the website functional, I got an investor, Kris Skrinak, who provided the initial funding to build the company, involved. While I continued to work on the software, Kris pretty much did all the other necessary things to create a company, which is a pretty involved task. He also became the chief executive officer (CEO). I was the chief technology\nofficer (CTO)."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-6-60-66-interview-trading-communities-on-the-web-doug-fairclough-by-j-gopalakrishnan-20.gif"",""height"":""262"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-6-60-66-interview-trading-communities-on-the-web-doug-fairclough-by-j-gopalakrishnan-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-6-60-66-interview-trading-communities-on-the-web-doug-fairclough-by-j-gopalakrishnan-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20668tradib,d,"{""minimum-quantity"":""1"",""path"":""chap6jun202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:6 (68-75): Trading IBM Intraday by Dennis Meyers, PhD"",""caption-linebreaks"":""Trading IBM Intraday by Dennis Meyers, PhD
Here’s how to develop a trading system that measures the real price dynamics of the market.
The fading memory polynomial was first introduced in one of my previous articles, titled “The Yen Recursed.” In that article, I discussed how to use a first-order fading memory polynomial to trade the yen futures on a daily basis. Here, I will use a fourth-order fading polynomial to trade IBM one-minute bars on an intraday basis.
The fading memory polynomial is a mathematical technique that fits an nth-order polynomial to the last T price bars, but calculates the n coefficients of the polynomial such that the error between the polynomial and the current bar is weighted much higher than the error between the price and value of the polynomial n bars ago. As an example, if the latest price is at time t and the price made a turn at time bar t-10, then you do not want prices prior to t-10 affecting the polynomial fit as much. As is shown in the sidebar “Fading memory polynomial mathematics,” the most familiar case of the fading memory technique is the zeroth-order fading memory polynomial better known as the exponential moving average. The fading memory technique is in contrast to the least-squares polynomial fit, which equally weights all past errors between the polynomial and the price bar."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-6-68-75-trading-ibm-intraday-by-dennis-meyers-phd-20.gif"",""height"":""262"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-6-68-75-trading-ibm-intraday-by-dennis-meyers-phd-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-6-68-75-trading-ibm-intraday-by-dennis-meyers-phd-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20676tradti,d,"{""minimum-quantity"":""1"",""path"":""chap6jun202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:6 (76-83): Traders’ Tips"",""caption-linebreaks"":""Traders’ Tips
This month's selection of Traders' Tips includes TradeStation, MetaStock, eSignal, AIQ, Neuroshell, Wealth-Lab, TradingSolution, Investor/RT, Neoticker, and WaveWise code for M.H. Pee's trend intensity index (TII); and Neuroshell Trader and Wealth-Lab code for the walk-forward technique described in Dennis Meyer's article \""Trading IBM Intraday.\"""",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-6-76-83-traders-tips-20.gif"",""height"":""262"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-6-76-83-traders-tips-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-6-76-83-traders-tips-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20684prodre,d,"{""minimum-quantity"":""1"",""path"":""chap6jun202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:6 (84-85): Product Review: PortfolioStream by Jayanthi Gopalakrishnan"",""caption-linebreaks"":""Product Review: PortfolioStream by Jayanthi Gopalakrishnan
A tremendous amount of work goes into creating a trading system. After creating one that works well\nin one market, you’ll have to determine if the system is robust enough to apply to other markets. Testing that system over several securities can be a time-consuming task. To reduce the time necessary to test your system over different securities, RINA Systems, Inc., has developed PortfolioStream to automate the portfolio backtesting process. The backtesting can be performed for any trading system that works in TradeStation. PortfolioStream\nuses TradeStation API (application programming interface), which means it must be used only with TradeStation 2000i."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-6-84-85-product-review-portfoliostream-by-jayanthi-gopalakrishnan-20.gif"",""height"":""262"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-6-84-85-product-review-portfoliostream-by-jayanthi-gopalakrishnan-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-6-84-85-product-review-portfoliostream-by-jayanthi-gopalakrishnan-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20686120pro,d,"{""minimum-quantity"":""1"",""path"":""chap6jun202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:6 (86-87, 120): Product Review: The Futures Academy by David Penn"",""caption-linebreaks"":""Product Review: The Futures Academy by David Penn
Early on in his discussion of trading, narrator and course developer Ira Epstein warns listeners that for the past several years we’ve all learned “the wrong lessons” from the equities bull market just ended.
Whether the approach to the market was a simple\nbuy and hold strategy or a more nuanced “add on the dips” technique, the fact of the matter is, as they say, bull markets make every investor look like a genius. But with the secular bull market now only a memory, Epstein encourages those who want to start trading — or who want to improve upon their current trading\nefforts — to believe that there are still opportunities to profit through trading.
These opportunities, however, require a different sort of “lesson” from the one too many investors learned in the 1990s. That’s where Ira Epstein’s The Futures Academy “Train to Trade” educational trading course comes in. By teaching novice and intermediate traders about trends, market strength and direction, as\nwell as effective money management techniques, Epstein’s “Train to Trade” course is a perfect example of the sort of lesson successful traders will need to\nlearn in order to profit from their trading in the 21st century."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-6-86-87-120-product-review-the-futures-academy-by-david-penn-20.gif"",""height"":""262"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-6-86-87-120-product-review-the-futures-academy-by-david-penn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-6-86-87-120-product-review-the-futures-academy-by-david-penn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v2068997worm,d,"{""minimum-quantity"":""1"",""path"":""chap6jun202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:6 (89-91, 97): Working Money: Counting Elliott Waves, Part 1 by Rudy Teseo"",""caption-linebreaks"":""Counting Elliott Waves, Part 1 by Rudy Teseo
In this four-part tutorial you’ll learn about the\ntheory and applications of the Elliott wave. In\npart I, you’ll learn about projections.
This tutorial, while by no means a definitive text on Elliott wave (EW) theory, is instead meant to be an overview of the basic elements that can serve as a foundation for further study. Altogether, the four parts will serve as a helpful reference as you do your own analysis.
Throughout the tutorial, most wave patterns will be shown in rising (bull) markets, since similar principles can be applied to falling (bear) markets. Wave labels that would normally be circled will instead be enclosed in brackets in text.
WHY USE ELLIOTT WAVES?
The goal of any system is to identify market lows and buying opportunities (or short covering) and market highs and selling opportunities (or short selling). Elliott\nwave analysis can help you accomplish these goals, and will keep you in the market and going in the right direction."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-6-89-91-97-working-money-counting-elliott-waves-part-1-by-rudy-teseo-20.gif"",""height"":""262"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-6-89-91-97-working-money-counting-elliott-waves-part-1-by-rudy-teseo-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-6-89-91-97-working-money-counting-elliott-waves-part-1-by-rudy-teseo-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20692wormon,d,"{""minimum-quantity"":""1"",""path"":""chap6jun202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:6 (92-97): Working Money: When Candlesticks Cast Long Shadows by Sharon Yamanaka"",""caption-linebreaks"":""When Candlesticks Cast Long Shadows by Sharon Yamanaka
Not all candlestick patterns are statistically significant. Some, such as the various stars, hammers, and hanging men, occur too frequently, in all possible places: in the beginning, middle, and end of stocks trading in trends and ranges. But sometimes even these candlestick patterns can be useful.
S uddenly, everybody was my friend. I had just bought\nsome Krispy Kremes — not the stock, but the doughnuts themselves — and was being mobbed as I walked through the Las Vegas airport with the half-empty box. Even the woman at the Ethel M’s counter looked as though she would trade a couple of truffles for a raspberry glazed. Who would have ever thought you could scalp a doughnut? And\nwith a product like that, who can resist the stock?
This was the beginning of my interest in Krispy Kreme. And this is how you can use the hammer, hanging man, and spinning top candlestick patterns — formations with long shadows, short bodies, and little statistical significance — to your advantage."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-6-92-97-working-money-when-candlesticks-cast-long-shadows-by-sharon-yamanaka-20.gif"",""height"":""262"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-6-92-97-working-money-when-candlesticks-cast-long-shadows-by-sharon-yamanaka-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-6-92-97-working-money-when-candlesticks-cast-long-shadows-by-sharon-yamanaka-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20698wormon,d,"{""minimum-quantity"":""1"",""path"":""chap6jun202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:6 (98-101): Working Money: Moving Averages by Dennis Peterson"",""caption-linebreaks"":""Moving Averages by Dennis Peterson
Understanding the basics can help you trade moving averages much more efficiently.
Moving averages — so simple, yet they can lead to disaster if they are used incorrectly. The secret is in the selection of the time period. Selecting a time period after backtesting for the past 20 years of data, for example, may not give you the answer you seek. Moving averages are trend-following devices, and when you use them you need to be sure you are in a trend. Some commodities trend better than equities; for example, look at the trend of yen in Figure 1.
For a year and a half, the yen was in a downtrend, and if you start looking earlier, at 1995, the overall trend is even longer. There aren’t many equity charts with a prolonged, well-behaved downtrend — something that declines at the same rate for more than six months. The key word here is rate. If the rate of change is jumping around, then moving averages have to catch up. For example, when someone tells me he uses a moving average period that has worked well for the last 20 years, I have to wonder what would make him think\nthat today’s rate can be compared to yesterday’s, or for that matter, the last 20 years. And what would make him think that prices go up as fast as they go down?"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-6-98-101-working-money-moving-averages-by-dennis-peterson-20.gif"",""height"":""262"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-6-98-101-working-money-moving-averages-by-dennis-peterson-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-6-98-101-working-money-moving-averages-by-dennis-peterson-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20710wormon,d,"{""minimum-quantity"":""1"",""path"":""chapter7july"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:7 (101-103): Working Money: Trading The QQQ by Don Miller"",""caption-linebreaks"":""Working Money: Trading The QQQ by Don Miller
When I ask my stocktrading\nfriends if\nthey’ve ever considered\ntrading the QQQ, their typical responses are, “They\ndon’t have any volatility,” and\nmy favorite, “But they’re\ndownright boring.” Yet there\nis a revolution growing in the\nshort-term trading world as\nmore and more traders are\nspurning their old stock friends\nfor the new kid on the block.\nThis new kid, the QQQ, may\nchange the equity trading\nlandscape forever."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-7-101-103-working-money-trading-the-qqq-by-don-miller-20.gif"",""height"":""265"",""width"":""200""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-7-101-103-working-money-trading-the-qqq-by-don-miller-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-7-101-103-working-money-trading-the-qqq-by-don-miller-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v207122bookf,d,"{""minimum-quantity"":""1"",""path"":""chapter7july"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:7 (122): Books For Traders by Technical Analysis, Inc."",""caption-linebreaks"":""Books For Traders by Technical Analysis, Inc.
• The Options Workbook, second edition
• The ART of Risk Management: Alternative Risk Transfer,\nCapital Structure, And The Coverage Of Insurance\nAnd Capital Markets
• Bull’s Eye Trading: A Trading Champion’s Guide To Pinpointing Tops & Bottoms In Any Market
• CNBC Guide To Money & Markets: Everything You Need To Know About Your Finances And Investments
• The Financial Numbers Game: Detecting Creative\nAccounting Practices
• The Investing Bible
• Single Stock Futures: The Complete Guide"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-7-122-books-for-traders-by-technical-analysis-inc-20.gif"",""height"":""265"",""width"":""200""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-7-122-books-for-traders-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-7-122-books-for-traders-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20714lettos,d,"{""minimum-quantity"":""1"",""path"":""chapter7july"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:7 (14-24): Letters To S&C"",""caption-linebreaks"":""Letters To S&C
Editor,
This technical analysis business seems intriguing. Is the art and science of it developed and practiced by many? How long has TA been practiced?
MARK MCCLATCHEY, via e-mail
I credit Charles Dow with developing the first technical analysis system, which some call Dow theory. Dow was the cofounder of Dow Jones & Company and the first editor of The Wall Street Journal in 1889. The Dow Jones Industrial Average was first published in 1896.
Intellectual debate about the validity of technical versus fundamental analysis has gone on for more than a hundred years. From a practical standpoint, both methods are useful. Fundamental analysis requires a great deal — or ideally, all — current information about\nthe tradable. Technical analysis looks mainly at history (price, volume, earnings over time) to surmise how future prices may move. Most traders use both fundamental and technical analysis. Those who use a chart or computer to trade are using technical\nanalysis. . ."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-7-14-24-letters-to-s-c-20.gif"",""height"":""265"",""width"":""200""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-7-14-24-letters-to-s-c-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-7-14-24-letters-to-s-c-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20726zerdat,d,"{""minimum-quantity"":""1"",""path"":""chapter7july"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:7 (26-31): Zero-Lag Data Smoothers by John F. Ehlers"",""caption-linebreaks"":""Zero-Lag Data Smoothers by John Ehlers
Here’s a technique that can reduce lag to nearly zero.
A causal filter can never predict the future.\nAs a matter of fact, the laws of nature\ndemand that all filters must have lag.\nHowever, if we assume steady-state\nconditions — that is, no new, disturbing events — there are techniques we can use to reduce\nthe lag of these filters to nearly zero. It turns out that\nsuch filters are useful for technical analysts with\nwhich to smooth data, and perhaps create some fast-\nacting indicators. This is possible because the steadystate\nassumptions are almost, but not quite, satisfied\nin the short run. These techniques are not applicable\nto longer moving averages, because steady-state\nconditions do not continue over a long time span.\nThere are superior techniques for creating longerterm\naverages, such as nonlinear filters or by\nremoving undesirable cycling components from a\ncomposite price waveform."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-7-26-31-zero-lag-data-smoothers-by-john-f-ehlers-20.gif"",""height"":""265"",""width"":""200""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-7-26-31-zero-lag-data-smoothers-by-john-f-ehlers-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-7-26-31-zero-lag-data-smoothers-by-john-f-ehlers-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20732aucmar,d,"{""minimum-quantity"":""1"",""path"":""chapter7july"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:7 (32-40): Auction Market Theory And The Longer Time Frame by Donald Jones"",""caption-linebreaks"":""Auction Market Theory And The Longer Time Frame by Donald Jones
Last issue, I provided an overview of Auction\nMarket Theory. Two important facts should\nbe kept in mind as I discuss the next stage,\napplying the theory: First, markets are not\ncorrelated on a day-to-day basis, and second,\nmarkets are in a continuous cycle. The lack\nof correlation precludes finding market condition from\nyesterday’s market, but you still need to know the market\ncondition to make trading decisions. You find out about\nmarket condition from the Overlay Demand Curve.
MARKET CONDITION FROM OVERLAYS
As traders, we speak casually about market condition. Is the\nmarket trending? Is the market unusually volatile? Has it\ncrossed a resistance or support price? What path is the\nmarket expected to take? Trending implies a market that\nmay be moving during a certain time frame. Support/\nresistance points are historical and rarely tied to current\nmarket activity, although ultimately, current activity may\nprovide the next set of support/resistance points. But this\nrarely helps make today’s decisions. Market condition plus\na knowledge of the market cycle prepares you for whatever\npath the market takes."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-7-32-40-auction-market-theory-and-the-longer-time-frame-by-donald-jones-20.gif"",""height"":""265"",""width"":""200""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-7-32-40-auction-market-theory-and-the-longer-time-frame-by-donald-jones-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-7-32-40-auction-market-theory-and-the-longer-time-frame-by-donald-jones-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20742closlo,d,"{""minimum-quantity"":""1"",""path"":""chapter7july"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:7 (42-47): A Closer Look At Divergences by Clive Roffey, Ph.D."",""caption-linebreaks"":""A Closer Look At Divergences by Clive Roffey, Ph.D.
In 1972, the investor and\nwell-known goldbug James\nDines produced a 600-page\ntreatise called How The\nAverage Investor Can Use Technical Analysis For Stock\nProfits. I regard this book,\nunfortunately now out of print, as\ncomparable in the value of its\ncontribution to technical analysis to\nthe classic Technical Analysis Of\nStock Trends by Robert Edwards\nand John Magee. If you can lay your\nhands on Dines’s work, you should.\nThe first major section, on the\napplication of group and crowd\npsychology to stock market movement,\nis especially valuable.
Although the book’s emphasis is\non point and figure charting, it also\nhas the most thorough classifications\nof market tops and bottoms\nI have come across. In addition,\nthere are numerous general market\nitems of significant interest, such\nas the relationship of market moves\nto Presidential elections and the\nvalue of the last digit in the year.\nHowever, these are not my main\nreasons for discussing Dines’s book."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-7-42-47-a-closer-look-at-divergences-by-clive-roffey-ph-d-20.gif"",""height"":""265"",""width"":""200""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-7-42-47-a-closer-look-at-divergences-by-clive-roffey-ph-d-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-7-42-47-a-closer-look-at-divergences-by-clive-roffey-ph-d-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20748qabydo,d,"{""minimum-quantity"":""1"",""path"":""chapter7july"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:7 (48-49): Q&A by Don Bright"",""caption-linebreaks"":""Q&A by Don Bright
OPENING FAIR VALUE
I’m interested in what information or\ndata is needed to calculate opening fair\nvalue for stocks, and how the calculations\nare made. Any help would be\nappreciated — Matthew Murray
We use the fair value (FV) number\noffered at www.programtrading.com\n(there are other sources, but I find theirs\nto be right on most of the time). We then\nfind where the spot price of the S&P\nfutures closed, add FV to it, and call this\nnumber “Spinx” (this is an actual symbol\non some data vendors, like Neovest\nFirstAlert)....continuded"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-7-48-49-q-a-by-don-bright-20.gif"",""height"":""265"",""width"":""200""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-7-48-49-q-a-by-don-bright-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-7-48-49-q-a-by-don-bright-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20750annetp,d,"{""minimum-quantity"":""1"",""path"":""chapter7july"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:7 (50-53): Analyze Net Positions by Jon D. Andersen"",""caption-linebreaks"":""Analyze Net Positions by Jon D. Andersen
Commitment of tradersÝ (COT) data has, for many\ntraders, been difficult to understand and apply.\nThis has largely been because access to usable\nforms of the data has been limited, and analysis\ntechniques have been sparse. However, the COT\ndoes provide useful information for understanding the\ndynamics of the futures markets.
In this article I will offer examples of analysis techniques\nfor net positions between commercial, noncommercial (or\nlarge speculator), and small traders. Plotting the difference\nbetween the positions of these speculators provides a vast\namount of useful information. Analyzing the net positions of\nthe trader groups reveals what each group is doing. Are they\nadding to long positions? Are they selling long, adding to\nshort positions, or reducing short positions? This information\nis useful because, generally speaking, each group takes\npositions for different reasons. As a result, you can see who\nthe habitual losers and winners are for a given commodity,\nand thus identify potential opportunities."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-7-50-53-analyze-net-positions-by-jon-d-andersen-20.gif"",""height"":""265"",""width"":""200""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-7-50-53-analyze-net-positions-by-jon-d-andersen-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-7-50-53-analyze-net-positions-by-jon-d-andersen-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20754exyour,d,"{""minimum-quantity"":""1"",""path"":""chapter7july"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:7 (54): Explore Your Options by Tom Gentile"",""caption-linebreaks"":""Explore Your Options by Tom Gentile
OPTIONS BASICS
I have been reluctant to get into options,\nbecause I don’t understand how\nunderlying stock price affects premium\nprice. I need to get some historical data\nso I can see the relationships, and I can\nget hold of the Black-ScholesÝ algorithm.\nI have a stock feed that gives me OHLC\nand volume, and I am looking for\nsomething that is free.
This is totally understandable — most\npeople fear what they do not know,\nwhether it’s heights or race cars, or in\nthis case, options trading. It can be rather\nintimidating, not only for the newcomer,\nbut also for the trader who has\nexperimented with options and realizes,\nthe way you have, that more than just\nprice determines an option’s value.\nOptions premiums are determined by\nseveral different factors. These are:...continuded"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-7-54-explore-your-options-by-tom-gentile-20.gif"",""height"":""265"",""width"":""200""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-7-54-explore-your-options-by-tom-gentile-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-7-54-explore-your-options-by-tom-gentile-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20755121web,d,"{""minimum-quantity"":""1"",""path"":""chapter7july"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:7 (55, 121): Websites For Traders: www.Moneynet.com by Jayanthi Gopalakrishnan"",""caption-linebreaks"":""Websites For Traders: www.Moneynet.com by Jayanthi Gopalakrishnan
MONEY.NET
When you come across a site that is well\ndesigned, bright, and colorful, it’s hard\nto pass by without a closer look. That is\nwhat led me to Money.net (Figure 1),\nthe financial portal through which you\ncan access enough information on the\nstock market to consider placing a trade."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-7-55-121-websites-for-traders-www-moneynet-com-by-jayanthi-gopalakrishnan-20.gif"",""height"":""265"",""width"":""200""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-7-55-121-websites-for-traders-www-moneynet-com-by-jayanthi-gopalakrishnan-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-7-55-121-websites-for-traders-www-moneynet-com-by-jayanthi-gopalakrishnan-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20756howdoe,d,"{""minimum-quantity"":""1"",""path"":""chapter7july"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:7 (56-57): How Does Rule 431 Affect Daytraders? by Paul Carlson"",""caption-linebreaks"":""How Does Rule 431 Affect Daytraders? by Paul Carlson
Like me, many of you may have been\nconcerned when you received letters from\nyour brokers describing the new minimum\nmargin requirements of $25,000 for pattern\ndaytraders. In those letters, your brokers\ndescribed the definition of a pattern\ndaytrader as someone who made four day\ntrades in five days. While this definition might not classify\nyou as a daytrader per se, when you looked at your\naccount, you saw several occasions when you would have\ntriggered the rule had it been in effect at that time. You may\nhave only $5,000 or $10,000 in your account, but as a\npattern daytrader, you would be required to increase equity\nto $25,000 or have the account restricted to a cash basis,\nwith stock liquidations as necessary to meet this restriction.\nWhat to do? What caused all this? What are the details and\nramifications? Is there a way to work around this?"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-7-56-57-how-does-rule-431-affect-daytraders-by-paul-carlson-20.gif"",""height"":""265"",""width"":""200""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-7-56-57-how-does-rule-431-affect-daytraders-by-paul-carlson-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-7-56-57-how-does-rule-431-affect-daytraders-by-paul-carlson-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20758fasfou,d,"{""minimum-quantity"":""1"",""path"":""chapter7july"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:7 (58-61): Fast Fourier Transformation by Amy Wu"",""caption-linebreaks"":""Fast Fourier Transformation by Amy Wu
For a long time, Fourier transforms\nwere used mostly by engineers.\nTransforms were used to study\nsound waves, frequency\nvibrations, and other repetitive\noccurrences. Since then, Fourier transforms have been applied to a number of\nother diverse fields. Aerospace engineers use\nthem to study a plane’s wing-tip vibrations during\nflight, while musicians use them to identify\npatterns when strumming musical instruments.\nIt was only a matter of time before someone used\nFourier transforms for technical analysis,\nspecifically, a type of calculation called the fast\nFourier transform (FFT). Jack Hutson and\nAnthony Warren of STOCKS & COMMODITIES\nwere early proponents of applying fast Fourier\ntransforms to price movements in security prices."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-7-58-61-fast-fourier-transformation-by-amy-wu-20.gif"",""height"":""265"",""width"":""200""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-7-58-61-fast-fourier-transformation-by-amy-wu-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-7-58-61-fast-fourier-transformation-by-amy-wu-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20759sidwha,d,"{""minimum-quantity"":""1"",""path"":""chapter7july"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:7 (59-60): Sidebar: What is a Fast Fourier Transform? by Thom Hartle"",""caption-linebreaks"":""Sidebar: What is a Fast Fourier Transform? by Thom Hartle
WHAT IS A FAST FOURIER TRANSFORM?
There is an intuitive appeal in the concept that cycles are\napparent in price data. The cycles do not appear to be\nconsistent, but more of a combination that are longer- and\nshorter-term cycles added together. This creates a market\nof upward movements with countertrend declines and\ndownward movements with countertrend rallies."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-7-59-60-sidebar-what-is-a-fast-fourier-transform-by-thom-hartle-20.gif"",""height"":""265"",""width"":""200""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-7-59-60-sidebar-what-is-a-fast-fourier-transform-by-thom-hartle-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-7-59-60-sidebar-what-is-a-fast-fourier-transform-by-thom-hartle-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20762ininwi,d,"{""minimum-quantity"":""1"",""path"":""chapter7july"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:7 (62-66): Interview: An Interview With Jake Bernstein by Jayanthi Gopalakrishnan"",""caption-linebreaks"":""Interview: An Interview With Jake Bernstein by Jayanthi Gopalakrishnan
Cycles expert Jake Bernstein’s analytical eye has seen the\ntide of the markets ebb and flow for more than 30 years. Many\nof the long-term social, political, and economic forecasts\nBernstein has published in the last two decades have come to\npass, including the interest rate top of the early 1980s, the\ndeflation of the 1980s and early 1990s, the Japanese economic\npeak, the explosion in genetic engineering technology, the\ninterest rate lows of the mid-to late 1990s, the Gulf War, and\nmany more. He is president of MBH Commodity Advisors and\nBernstein Investments, the publisher of Bernstein On Stocks,\nThe Letter Of Long Term Trends, Short Term Stock Trader’s\nHotline, MBH Weekly Commodity Trading Letter, Monthly\nKey Date Trader, and Short Term T-Bond Hotline. His\nnewsletter and advisory services are read all over the world\nby traders, investors, brokers, financial institutions, and\nmoney managers alike."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-7-62-66-interview-an-interview-with-jake-bernstein-by-jayanthi-gopalakrishnan-20.gif"",""height"":""265"",""width"":""200""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-7-62-66-interview-an-interview-with-jake-bernstein-by-jayanthi-gopalakrishnan-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-7-62-66-interview-an-interview-with-jake-bernstein-by-jayanthi-gopalakrishnan-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20768prodre,d,"{""minimum-quantity"":""1"",""path"":""chapter7july"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:7 (68-69): Product Review: eSignal 7.0 by Jayanthi Gopalakrishnan"",""caption-linebreaks"":""Product Review: eSignal 7.0 by Jayanthi Gopalakrishnan
ESIGNAL
A division of Interactive Data Corp.\n3955 Point Eden Way\nHayward, CA 94545\nPhone: 510 266-6000
E-mail: info@esignal.com
Internet: www.esignal.com"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-7-68-69-product-review-esignal-7-0-by-jayanthi-gopalakrishnan-20.gif"",""height"":""265"",""width"":""200""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-7-68-69-product-review-esignal-7-0-by-jayanthi-gopalakrishnan-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-7-68-69-product-review-esignal-7-0-by-jayanthi-gopalakrishnan-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20772tradti,d,"{""minimum-quantity"":""1"",""path"":""chapter7july"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:7 (72-80): Traders’ Tips by Technical Analysis, Inc."",""caption-linebreaks"":""Traders’ Tips by Technical Analysis, Inc.
METASTOCK: DIVERGENCE FORMULAS
I’ve seen many divergence formulas written for MetaStock,\nbut in my opinion, none of them work well. Here, I’ll present\na divergence formula for MetaStock using RSI(14) and the\nclose. I’ll also introduce another divergence formula, which\nI call double successive divergence (DSD)."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-7-72-80-traders-tips-by-technical-analysis-inc-20.gif"",""height"":""265"",""width"":""200""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-7-72-80-traders-tips-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-7-72-80-traders-tips-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v2078185prod,d,"{""minimum-quantity"":""1"",""path"":""chapter7july"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:7 (81-83, 85): Product Review: Wealth-Lab Developer by Dennis D. Peterson"",""caption-linebreaks"":""Product Review: Wealth-Lab Developer by Dennis D. Peterson
How often are you offered a\ntrading system that has\nbeen backtested or that you\ncould backtest yourself?\nWealth-Lab Developer, a software package\ncreated by Wealth-Lab, Inc., allows\nyou to evaluate trading strategies written\nby contributors to the Wealth-Lab\nwebsite. It is not limited to evaluation;\nyou can, of course, write your own scripts.\nMost of the contributions are made by\nthe public, but some are made by the\nWealth-Lab staff. The Wealth-Lab\nwebsite has 10,000 participants, 2,000 of\nwhom are active; it is worth noting that\nsome who contribute to the site are extremely\nskilled and talented. If sheer\nnumbers don’t impress you, then remember\nthat you can do your own testing."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-7-81-83-85-product-review-wealth-lab-developer-by-dennis-d-peterson-20.gif"",""height"":""265"",""width"":""200""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-7-81-83-85-product-review-wealth-lab-developer-by-dennis-d-peterson-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-7-81-83-85-product-review-wealth-lab-developer-by-dennis-d-peterson-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20786prodre,d,"{""minimum-quantity"":""1"",""path"":""chapter7july"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:7 (86-89): Product Review: TCNet by David Penn"",""caption-linebreaks"":""Product Review: TCNet by David Penn
Scanning and sorting has\nalways been a cornerstone\nof the Worden family’s\napproach to finding winning\nstocks. In fact, the very first stock market collaboration by\nthe Wordens, back in 1960, was a market\nletter called “The Worden Tape\nReading Studies.” This letter consisted\nof a systematic tallying and analyzing\nof all individual transactions on the New\nYork Stock Exchange (NYSE). Since\nthen, Worden (reorganized as Worden\nBrothers, Inc.) has developed a number\nof tools for stock market investors and traders, the most familiar of which is\nprobably the TC2000 stock charting\nsoftware program."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-7-86-89-product-review-tcnet-by-david-penn-20.gif"",""height"":""265"",""width"":""200""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-7-86-89-product-review-tcnet-by-david-penn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-7-86-89-product-review-tcnet-by-david-penn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20791wormon,d,"{""minimum-quantity"":""1"",""path"":""chapter7july"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:7 (91-93): Working Money: How Dow Theory Works by Andrew Hetherington"",""caption-linebreaks"":""Working Money: How Dow Theory Works by Andrew Hetherington
The Dow Jones Industrial Average (DJIA) is an index\nof the price fluctuations and volume for 30 bluechip\nequities. The DJIA’s companion index is the\nDow Jones Transportation Average (DJTA), which is made up of freight, airline, courier, trucking, and rail\nequities.
According to Dow theory, the DJTA confirms the\nmovements of the DJIA. This confirmation usually lags after\nthe DJIA has already completed its move. However, there are\ntimes when the two move almost in tandem."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-7-91-93-working-money-how-dow-theory-works-by-andrew-hetherington-20.gif"",""height"":""265"",""width"":""200""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-7-91-93-working-money-how-dow-theory-works-by-andrew-hetherington-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-7-91-93-working-money-how-dow-theory-works-by-andrew-hetherington-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20794wormon,d,"{""minimum-quantity"":""1"",""path"":""chapter7july"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:7 (94-97): Working Money: Recognizing Elliott Wave Patterns by Rudy Teseo"",""caption-linebreaks"":""Working Money: Recognizing Elliott Wave Patterns by Rudy Teseo
Part I discussed the basic wave\npatterns: impulse and corrective. Part\nII will describe the patterns that must\nbe recognized in order to do a thorough\njob of Elliott wave (EW) analysis.\nThe following examples by no means\ninclude all the patterns you will\nencounter in your Elliott wave\nanalysis, but represent those that\nappear most often. You need to know\nnot only to what price levels the market\nwill rise, but also what patterns to\nexpect in your bar (candle) chart.
The two main Elliott waves are\nmotive and corrective. The motive\nwave is a five-wave configuration with\nwaves 1, 3, and 5 in the direction of the\ntrend. In a bull market you will expect each wave to be higher\nthan the preceding one. Think of these as higher highs. In a bear\nmarket these waves will be descending; think of them as lower\nlows. The corrective waves, 2 and 4, will move in the opposite\ndirection to the major trend."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-7-94-97-working-money-recognizing-elliott-wave-patterns-by-rudy-teseo-20.gif"",""height"":""265"",""width"":""200""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-7-94-97-working-money-recognizing-elliott-wave-patterns-by-rudy-teseo-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-7-94-97-working-money-recognizing-elliott-wave-patterns-by-rudy-teseo-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20798wormon,d,"{""minimum-quantity"":""1"",""path"":""chapter7july"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:7 (98-100): Working Money: That ’70s Show by David Penn"",""caption-linebreaks"":""Working Money: That ’70s Show by David Penn
These must be confounding times for those who have\nspent the past five years alerting the investing public to\ndangers of deflation. Deflation — the process through\nwhich a currency becomes overvalued relative to goods and\nservices available, resulting in a decline in pricing power —\nwas the last phase of the disinflation wave that began in the\nearly 1980s as the chronic inflation of the 1970s was finally\neliminated from the US economy. Most evident in the bearish\ncommodities markets, deflation and its discontents (increased\nburdens for debtors, for example) subsequently dragged\ndown both the telecommunications and technology sectors as\ncompanies were caught between the economic “rock and a\nhard place” of declining prices and increasing productivity."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-7-98-100-working-money-that-70s-show-by-david-penn-20.gif"",""height"":""265"",""width"":""200""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-7-98-100-working-money-that-70s-show-by-david-penn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-7-98-100-working-money-that-70s-show-by-david-penn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20810prodre,d,"{""minimum-quantity"":""1"",""path"":""chap8aug202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:8 (101-103): Product Review: ForexNews Charts & News by David Penn"",""caption-linebreaks"":""Product Review: ForexNews Charts & News by David Penn
Foreign exchange trading is hot, hot, hot! Of course, in\nthe post–Nasdaq bubble era, that kind of enthusiasm\nabout a market — any market — is rightfully considered with a little skepticism. But ever since the foreign exchange markets were unleashed in the 1970s, interest in trading the currencies of the world has only\ngrown. The fortunes of the yen, the legend of George Soros and the British pound, the introduction of the euro, and even the recent woes of the US dollar\nare just a few of the reasons traders have been turning toward the world of forex. With daily average net market turnover of about $5 billion in 1977, according to\nKeith Long and Kurt Walter’s Electronic Currency Trading For Maximum Profit, daily forex trading averaged $1.5 trillion by 1998."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-8-101-103-product-review-forexnews-charts-news-by-david-penn-20.gif"",""height"":""266"",""width"":""201""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-8-101-103-product-review-forexnews-charts-news-by-david-penn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-8-101-103-product-review-forexnews-charts-news-by-david-penn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20810prodre1,d,"{""minimum-quantity"":""1"",""path"":""chap8aug202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:8 (104-107): Product Review: PfscanVB by Dennis Peterson"",""caption-linebreaks"":""Product Review: PfscanVB by Dennis Peterson
Have you ever considered combining the elements of\na timeless point and figure chart with the time and\nvolume of a standard bar chart? PfscanVB is a program designed to do just that. Point and figure (P&F) charts are precise in providing buy and sell signals from patterns, and they allow trendlines to be drawn in a straightforward fashion. Bar charts, on the other hand, provide momentum information that can be useful for timing purposes.
By combining the attributes of P&F charts with those of bar charts, Pfscan makes use of changes in price and changes in time. The goal of Pfscan’s software developer is to provide a set of screening filters that uses information from both P&F charts and standard bar charts."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-8-104-107-product-review-pfscanvb-by-dennis-peterson-20.gif"",""height"":""266"",""width"":""201""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-8-104-107-product-review-pfscanvb-by-dennis-peterson-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-8-104-107-product-review-pfscanvb-by-dennis-peterson-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v208122bookf,d,"{""minimum-quantity"":""1"",""path"":""chap8aug202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:8 (122): Books For Traders"",""caption-linebreaks"":""Books For Traders
Big Trends In Trading: Strategies To Master Major\nMarket Moves (253 pages, $39.95 hardcover, 2002,\nISBN 0471412694), by Price Headley, published by John Wiley & Sons.
If you’re the kind of savvy trader or investor who aggressively seeks profits in bull and bear markets, this book is for you. You’ll learn the secret to success in any market by utilizing a trading plan that identifies prevailing conditions and then seeks situations with the highest reward-to-risk ratios. This book explores indicators that will help you gauge investor sentiment and guide you through specific stock selection strategies before moving from stocks to options, and discussing the power of trendbased strategies for option buyers. Filled with strategies, case studies, and helpful charts, this book will put you on the path to trading profits and investment success. . ."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-8-122-books-for-traders-20.gif"",""height"":""266"",""width"":""201""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-8-122-books-for-traders-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-8-122-books-for-traders-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20819forexa,d,"{""minimum-quantity"":""1"",""path"":""chap8aug202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:8 (19-26): Foreign Exchange As The Trader’s Alternative by Mark Galant"",""caption-linebreaks"":""Foreign Exchange As The Trader’s Alternative by Mark Galant
Trading opportunities in the forex market deserve serious consideration as a diversification strategy for your portfolio.
While online equities and futures trading have enjoyed exponential growth and widespread notoriety over the past few years, online foreign exchange trading is only now gaining popularity among seasoned active traders, commodity trading advisors (CTAs), and other professional money managers.
Until recently, large international banks dominated\nthe foreign exchange (FX or forex for short) market,\nonly allowing access via telephone trading to a select\nfew such as Fortune 1000 companies, large funds,\nhigh–net worth individuals, and so on. But now, the\ntide has turned and finally there are established\nonline trading firms that provide individual investors\nwith direct access to the largest, most liquid financial\nmarket in the world."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-8-19-26-foreign-exchange-as-the-trader-s-alternative-by-mark-galant-20.gif"",""height"":""266"",""width"":""201""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-8-19-26-foreign-exchange-as-the-trader-s-alternative-by-mark-galant-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-8-19-26-foreign-exchange-as-the-trader-s-alternative-by-mark-galant-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20827qabydo,d,"{""minimum-quantity"":""1"",""path"":""chap8aug202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:8 (27): Q&A by Don Bright"",""caption-linebreaks"":""Q&A by Don Bright
LEADING INDICATORS
Every trader I have asked tells me to look at the leading indicators before trading. A friend told me he watches Intel [INTC] to see the direction of the overall market. Is\nthis a good indicator? What do your traders use? — edgetrader
If you follow the money, as in many things, you will see a valuable leading indicator. Since there is more money changing hands in the Standard & Poor’s futures pit (and e-minis) than the rest of the overall market, it only makes sense to follow the SPOOs (S&P 500). When\nthere is premium to FV (fair value), the market will follow; when there is a discount to FV, the market will follow (downward). If you add the money involved in program trading, then you have an even stronger leading indicator."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-8-27-q-a-by-don-bright-20.gif"",""height"":""266"",""width"":""201""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-8-27-q-a-by-don-bright-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-8-27-q-a-by-don-bright-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20828zigval,d,"{""minimum-quantity"":""1"",""path"":""chap8aug202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:8 (28-32): Zigzag Validity by Spyros Raftopoulos"",""caption-linebreaks"":""Zigzag Validity by Spyros Raftopoulos
Here’s a supplement to the zigzag indicator that will help you determine whether a trend is confirmed.
One of the most common tasks a technical analyst engages in is detecting and defining price trends. Among the numerous indicators and techniques that can be used for this purpose is the zigzag indicator. The zigzag filters out moves of minor importance (noise), making the main trend more obvious. Further, the zigzag presents the major moves with great clarity, since it connects peaks and troughs with straight\nlines that are easy to interpret.
You can select the price (open, high, low, or close) you want the zigzag to base its calculations on, and control the indicator’s sensitivity (that is, the minimum amount prices must reverse before the new trend is considered established). Low values make zigzag more sensitive and volatile, whereas high values result in fewer moves that are of greater importance. The sensitivity can be\nmeasured either in points or as a percentage."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-8-28-32-zigzag-validity-by-spyros-raftopoulos-20.gif"",""height"":""266"",""width"":""201""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-8-28-32-zigzag-validity-by-spyros-raftopoulos-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-8-28-32-zigzag-validity-by-spyros-raftopoulos-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20834bountr,d,"{""minimum-quantity"":""1"",""path"":""chap8aug202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:8 (34-37): The Bounce Trade by Thomas Bulkowski"",""caption-linebreaks"":""The Bounce Trade by Thomas Bulkowski
A double bounce following a long decline spells a trading opportunity. Find out why.
I ’m not sure exactly how I happened upon this chart\npattern. I noticed that after a long, perhaps straight-line\ndecline, stocks often bounce — not once but twice. Figure 1 displays an example of this. In the fall of 1997, National Semiconductor (NSM) peaked at $42.875, along with other stocks in the semiconductor industry. A year later, it reached a low of just $7.4375, an astounding decline of 83%. As can be expected, but rarely anticipated correctly, the stock bounced. Two months later, it climbed to a high of $17.625, more\nthan double the nadir.
A retest of the low usually occurs, and that’s what happened next. The stock declined to a low of $8.625 in early April 1999, retracing most of its gains. Although the twin lows appear to be a double bottom, strictly speaking, they’re not. For a double bottom, the\ntwo lows should be within 4% of each other. Here, the price difference is almost 20%, though the discrepancy is more visible on the daily scale."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-8-34-37-the-bounce-trade-by-thomas-bulkowski-20.gif"",""height"":""266"",""width"":""201""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-8-34-37-the-bounce-trade-by-thomas-bulkowski-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-8-34-37-the-bounce-trade-by-thomas-bulkowski-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20838chanwi,d,"{""minimum-quantity"":""1"",""path"":""chap8aug202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:8 (38-42): Chaneling With Elliott Waves Part III by Rudy Teseo"",""caption-linebreaks"":""Chaneling With Elliott Waves Part III by Rudy Teseo
Project coming waves with this classic technique.
Now that you are familiar with some of the many Elliott wave patterns (see parts I and II), I’ll discuss a means of projecting the course of a wave in development: the channel. Channels are parallel lines that you draw on your stock charts using a trendline-drawing tool. If you are studying Elliott wave principles but don’t have a charting program, you can also construct these channels on commercial stock charts, such as daily charts, or on graph paper. Be sure to use semi-log scales on your computer charts, and use semi-log graph paper if you are drawing your own charts.
ADVANTAGES OF CHANNELS
Channeling helps you keep waves of the same degree together, and it allows you to project the next reversal point. The method is not as accurate as using the mathematical computations I will discuss in part IV. Channeling only gives you a boundary for the completion of the wave, but where the wave actually ends is a function of time. The longer the wave is in development (in a rising channel), the higher the reversal price will be. The channel cannot help you project an exact price; it is only meant to enclose all the waves of the same degree together. When a channel you’re constructing doesn’t seem to be doing what you expect, it may be a warning that your wave count is incorrect. Remember, in part I, I emphasized the caveat from A.J. Frost and Robert Prechter’s Elliott Wave Principle that an incorrect wave count will lead to erroneous projections."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-8-38-42-chaneling-with-elliott-waves-part-iii-by-rudy-teseo-20.gif"",""height"":""266"",""width"":""201""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-8-38-42-chaneling-with-elliott-waves-part-iii-by-rudy-teseo-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-8-38-42-chaneling-with-elliott-waves-part-iii-by-rudy-teseo-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20843exyour,d,"{""minimum-quantity"":""1"",""path"":""chap8aug202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:8 (43): Explore Your Options by Tom Gentile"",""caption-linebreaks"":""Explore Your Options by Tom Gentile
COVERED CALLS FOR PROTECTION
I am concerned about the markets going forward and want to know if there is any way of protecting my stock portfolio using options instead of liquidating my position. I have heard of covered calls — do they work as a good protection strategy?
Yes, you can protect your portfolio of stocks by using options. The first way a trader can help protect a stock\nfrom falling hard is to sell option premium against the shares. This is known as covering your stock position, or a covered call. In a covered call trade, you are buying the underlying stock shares and selling call options against them. This strategy is best implemented in a bullish to neutral market, where a slow rise is anticipated in the market price of the underlying stock. This technique allows traders to handle moderate price declines, because the call premium reduces the position’s breakeven."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-8-43-explore-your-options-by-tom-gentile-20.gif"",""height"":""266"",""width"":""201""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-8-43-explore-your-options-by-tom-gentile-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-8-43-explore-your-options-by-tom-gentile-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20845webfor,d,"{""minimum-quantity"":""1"",""path"":""chap8aug202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:8 (45): Websites For Traders: TradeStationWorld.com by Jayanthi Gopalakrishnan"",""caption-linebreaks"":""Websites For Traders: TradeStationWorld.com by Jayanthi Gopalakrishnan
TradeStation has certainly made a name for itself in the world of technical analysis. To further enhance its presence, now the company has created an online community where users from all over the world can\ngather to discuss trading ideas, techniques, and strategies.
An initial glance at the website reveals it is well-designed and easily navigable. The site’s five major sections are immediately apparent: discussion boards, EasyLanguage library, articles, training, and third-party products."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-8-45-websites-for-traders-tradestationworld-com-by-jayanthi-gopalakrishnan-20.gif"",""height"":""266"",""width"":""201""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-8-45-websites-for-traders-tradestationworld-com-by-jayanthi-gopalakrishnan-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-8-45-websites-for-traders-tradestationworld-com-by-jayanthi-gopalakrishnan-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20846devtra,d,"{""minimum-quantity"":""1"",""path"":""chap8aug202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:8 (46-56): Developing A Trading System by Dennis D. Peterson"",""caption-linebreaks"":""Developing A Trading System by Dennis D. Peterson
If you’ve ever tried it, you know that developing a trading\nsystem is no easy task. But you may find that following a series of steps could help you reduce the learning curve. Here’s an example.
There are three key features when it comes to developing a trading system: entry and exit signals, a plan for the type of stop, and a money management strategy. The first involves generating the signals, which can be purely visual, a result of technical indicators, or a combination of both. Most mechanical trading systems use indicators to encode visual signals. In this article I will take two of the better-known technical indicators and go through the steps involved in developing a trading system.
The two indicators I will be using are Bollinger Bands\nand stochastic relative strength index (StochRSI). StochRSI, which combines the features of stochastics and RSI, was detailed in Tushar S. Chande and Stanley Kroll’s book, The New Technical Trader. I selected this combination because it is a useful way to determine when prices will stop tagging a Bollinger Band and are likely to move all the way from one band to the next. Of course, those prices may not move all the way, so you will need to use stops for protection. You will also want to use a simple money management strategy of allocating only a portion of your capital to any one position."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-8-46-56-developing-a-trading-system-by-dennis-d-peterson-20.gif"",""height"":""266"",""width"":""201""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-8-46-56-developing-a-trading-system-by-dennis-d-peterson-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-8-46-56-developing-a-trading-system-by-dennis-d-peterson-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20846sidmet,d,"{""minimum-quantity"":""1"",""path"":""chap8aug202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:8 (46-56): Sidebar: MetaStock and Wealth-Lab Script by Dennis D. Peterson"",""caption-linebreaks"":""Sidebar: MetaStock and Wealth-Lab Script by Dennis D. Peterson
Here is the MetaStock script I captured for the StochRSI\ntrading system, with explanations from MetaStock’s Help function (the “syntax,” “function,” and “example” text). I have also annotated the various sections of code with my comments in italics.
Following that is the Wealth-Lab script. My thanks to\nWealth-Lab developer Dion Kurczek for writing the Wealth-Lab chartscript."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-8-46-56-sidebar-metastock-and-wealth-lab-script-by-dennis-d-peterson-20.gif"",""height"":""266"",""width"":""201""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-8-46-56-sidebar-metastock-and-wealth-lab-script-by-dennis-d-peterson-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-8-46-56-sidebar-metastock-and-wealth-lab-script-by-dennis-d-peterson-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20858intrad,d,"{""minimum-quantity"":""1"",""path"":""chap8aug202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:8 (58-65): Interview: Trading The Currency Market With Cornelius Luca by J. Gopalakrishnan"",""caption-linebreaks"":""Interview: Trading The Currency Market With Cornelius Luca by J. Gopalakrishnan
Cornelius Luca is an author and international consultant in foreign exchange and technical analysis. Luca has spent his entire professional life in international finance, and since 1983, he has been a foreign currency trader in the major currencies. What’s the currency market look like right now, considering the unrest in the other markets? To find out what Luca had to say, STOCKS & COMMODITIES Editor Jayanthi\nGopalakrishnan called him on May 24, 2002.
What got you interested in the currency markets?
I have always been interested in international trade; it is one of the most significant factors behind international affairs. Foreign exchange pretty much goes right\nin the middle of international trade, because it’s what makes things move faster or slower. Once I was exposed to foreign exchange, I also realized I liked\nthe markets, and by and large, felt the two were a pretty good combination.
Can you give us an idea of how the currency markets operate?
In terms of scope, foreign exchange generally is the fastest shock absorber when it comes to international pressures among economies. On a day-to-day basis, you have a 24-hour market, which makes it difficult to trade. Because of this you have a variety of large players, primarily banks, and also corporations and hedge funds, that get involved. But central banks don’t get involved except on rare occasions."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-8-58-65-interview-trading-the-currency-market-with-cornelius-luca-by-j-gopalakrishnan-20.gif"",""height"":""266"",""width"":""201""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-8-58-65-interview-trading-the-currency-market-with-cornelius-luca-by-j-gopalakrishnan-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-8-58-65-interview-trading-the-currency-market-with-cornelius-luca-by-j-gopalakrishnan-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20866shouli,d,"{""minimum-quantity"":""1"",""path"":""chap8aug202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:8 (66-68): Should Investing Increase Your Capital Or Protect It? by Omar Bassal"",""caption-linebreaks"":""Should Investing Increase Your Capital Or Protect It? by Omar Bassal
Preserving capital in today’s markets brings up questions you may not have considered.
What is the most important goal of investing? This question is not as simple as it seems; more often than not, investors’ initial responses to it highlight why so\nmany fail to generate market-beating returns.
The most common answer you’re likely to receive to this question is: “Capital appreciation, of course! How difficult can that be to understand? You invest to earn a return on your money in excess of the risk-free rate, and if you’re investing stocks that are as risky as the general market, hopefully your returns are in excess of the average returns of the Standard & Poor’s 500.”
Wrong answer. The most important goal of investing is\ncapital preservation. While this is a subtle distinction, you can never get to the second objective of investing — appreciation — if proper precautions are not taken to preserve capital in the first place. Too many investors spend inordinate amounts of time seeking market-beating returns without imposing strict money management policies that would ensure the survival of their portfolio. As a result, they eventually lose their money.
Capital preservation is more important today than ever before. When the US equity markets were in their heyday of the 1990s, few worried about preserving their money. As the market adage says, a bull market makes everyone look smart. Many of the “CNBC Generation” believed that the stock market was only going one way, and that was up. Risk control measures interfered with riding the next inevitable wave. The old paradigm was dead, a common argument went, and a new one was emerging. There was even a 1999 Fortune article that quoted an analyst from a reputable firm who remarked, “Any time in between 9:30 am and 4:00 pm is a good time to buy Microsoft.”"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-8-66-68-should-investing-increase-your-capital-or-protect-it-by-omar-bassal-20.gif"",""height"":""266"",""width"":""201""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-8-66-68-should-investing-increase-your-capital-or-protect-it-by-omar-bassal-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-8-66-68-should-investing-increase-your-capital-or-protect-it-by-omar-bassal-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20872sidcal,d,"{""minimum-quantity"":""1"",""path"":""chap8aug202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:8 (72): Sidebar: Calculating MFE/MAE by Sergei Dobrovolsky"",""caption-linebreaks"":""Sidebar: Calculating MFE/MAE by Sergei Dobrovolsky
The Excel spreadsheet in sidebar Figure 1 calculates the results of introducing a specific profit-taking (the “RunUp” sheet) or stop-loss (“Drawdn”) fixed-dollar cutoff level. This example explains the “RunUp” sheet (“Drawdn” is very similar)."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-8-72-sidebar-calculating-mfe-mae-by-sergei-dobrovolsky-20.gif"",""height"":""266"",""width"":""201""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-8-72-sidebar-calculating-mfe-mae-by-sergei-dobrovolsky-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-8-72-sidebar-calculating-mfe-mae-by-sergei-dobrovolsky-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20875tradin,d,"{""minimum-quantity"":""1"",""path"":""chap8aug202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:8 (75-77): Trading In The 21st Century by Tom Busby"",""caption-linebreaks"":""Trading In The 21st Century by Tom Busby
Equipment, education, and method — three necessities for successful trading.
It wasn’t so long ago that it was very important to buy stocks with dividends and only sell on an annual basis. Then in the early 1980s, the Standard & Poor’s contracts started trading in the Chicago futures pit, and things haven’t been the same since. Introduced in the form of S&P futures was a vehicle that allowed traders to enter and exit the market multiple times per year to increase net worth. The ensuing shift in philosophy set the stage for a changing market and led to the economic boom of the 1990s.
Initially, the most important tool a trader had was a\nconnection or relationship with a pit trader. In the mid-1980s, the advantage of execution clearly went to the pit; the backoffice trader was confronted with higher transaction costs and less leverage — a real disadvantage. Not only that, only the large brokerage firms had access to the pit, which was a drawback for the small investor. In addition, brokerage costs were high and the electronic age had not yet begun to aid in order execution. The history of the Dow Jones Industrial\nAverage (DJIA), the benchmark of the market (displayed in Figure 1), shows a nice picture of this."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-8-75-77-trading-in-the-21st-century-by-tom-busby-20.gif"",""height"":""266"",""width"":""201""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-8-75-77-trading-in-the-21st-century-by-tom-busby-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-8-75-77-trading-in-the-21st-century-by-tom-busby-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20878waitfo,d,"{""minimum-quantity"":""1"",""path"":""chap8aug202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:8 (78-81): Waiting For The Fed by David Penn"",""caption-linebreaks"":""Waiting For The Fed by David Penn
How are monetary-based stock market timing models holding up in the Age of the Bear Market?
One of the most powerful tools for analyzing the financial markets is an understanding of the Austrian School of economics. Whether the Austrian in question is Ludwig von Mises, Murray Rothbard, or any number of others, as author and hedge fund manager Mark Boucher wrote: “Once you understand [the essentials of Austrian economics], you will find it hard to believe that anyone could invest without [them] … it is one of the easiest and simplest methodologies for improving long-term profitability and cutting risk in investing\nin equities, bonds, and other asset classes.”
While the whole of Austrian economics is too much to be covered in this article, there are some quick basics that will make the concepts easier to understand. The Austrian model starts with a market that is thoroughly free from government intervention, save for the protection of life, liberty, and property. Any form of intervention in the free market, states the Austrian approach, is an artificial obstruction (or accelerant) that will eventually lead to a misallocation of resources."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-8-78-81-waiting-for-the-fed-by-david-penn-20.gif"",""height"":""266"",""width"":""201""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-8-78-81-waiting-for-the-fed-by-david-penn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-8-78-81-waiting-for-the-fed-by-david-penn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20882tradti,d,"{""minimum-quantity"":""1"",""path"":""chap8aug202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:8 (82-95): Traders’ Tips"",""caption-linebreaks"":""Traders’ Tips
Here is this month’s selection of Traders’ Tips, contributed by various developers of technical analysis software, all to help readers more easily implement some of the strategies presented.
ZigZag Validity code in: TradeStation, Wealth-Lab, NeuroShell Trader, NeoTicker, Investor/RT, and Wave Wi$e.
Center of gravity code in: eSIGNAL, Wealth-Lab, NeuroShell Trader, NeoTicker, AIQ, TechniFilter Plus, SmarTrader, and Wave Wi$e.
RSI system code in: Wealth-Lab, NeuroShell Trader, NeoTicker, Investor/RT, TradingSolutions, and Wave Wi$e."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-8-82-95-traders-tips-20.gif"",""height"":""266"",""width"":""201""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-8-82-95-traders-tips-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-8-82-95-traders-tips-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20896quicsc,d,"{""minimum-quantity"":""1"",""path"":""chap8aug202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:8 (96): Quick Scans: R.S. Of Houston: Window To Our Workshop by Jayanthi Gopalakrishnan"",""caption-linebreaks"":""Quick Scans: R.S. Of Houston: Window To Our Workshop by Jayanthi Gopalakrishnan
Which trading course should you take? This is a difficult question to answer, since countless courses are available, each using a different method to teach\nstudents how to trade. It boils down to what makes one course different from another, and whether this difference will help you become a better trader.
This appropriately titled video from RS of Houston Workshop is intended to give the viewer an opportunity to learn about the RS of Houston trading methodology and the philosophy behind it. It covers important areas relating to computer hardware, software, datafeeds,\nand the psychology of trading. As a bonus, viewers learn to identify and use one of the five patterns that form the cornerstone of the RS Houston trading methodology. This video is a great way to get to know RS of Houston Workshop and its principals. The purchase price of the video can be applied in full toward\nthe Home Study Course or Live Trading Workshop tuition (see website for details)."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-8-96-quick-scans-r-s-of-houston-window-to-our-workshop-by-jayanthi-gopalakrishnan-20.gif"",""height"":""266"",""width"":""201""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-8-96-quick-scans-r-s-of-houston-window-to-our-workshop-by-jayanthi-gopalakrishnan-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-8-96-quick-scans-r-s-of-houston-window-to-our-workshop-by-jayanthi-gopalakrishnan-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20897prodre,d,"{""minimum-quantity"":""1"",""path"":""chap8aug202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:8 (97-99): Product Review: MetaQuotes Version 2.02 by Jayanthi Gopalakrishnan"",""caption-linebreaks"":""Product Review: MetaQuotes Version 2.02 by Jayanthi Gopalakrishnan
Currency trading, once accessible only to banks, corporations, and high–net worth individuals, is now\nopen to anyone interested in trying his or her hand. If you have sufficient capital, you have the opportunity\nto participate in the world’s largest market, where at least $1.5 trillion are traded daily. And at a time when equities are looking bleak, currencies may be just the place to focus your attention.
It’s not difficult to find a foreign exchange broker. Thanks to the Internet, brokers offering such products to the individual trader have proliferated. FX First, Inc. (FFX), is one such brokerage. With the introduction of its product MetaQuotes, FX First has given traders the opportunity to analyze charts, receive quotes and news, and place trades directly from their desktops."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-8-97-99-product-review-metaquotes-version-2-02-by-jayanthi-gopalakrishnan-20.gif"",""height"":""266"",""width"":""201""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-8-97-99-product-review-metaquotes-version-2-02-by-jayanthi-gopalakrishnan-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-8-97-99-product-review-metaquotes-version-2-02-by-jayanthi-gopalakrishnan-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20910prodre,d,"{""minimum-quantity"":""1"",""path"":""chap9sep202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:9 (102-105): Product Review: ErlangerQuote by David Penn"",""caption-linebreaks"":""Product Review: ErlangerQuote by David Penn
It’s hard not to raise an eyebrow when the developers of a charting analysis software program as robust as\nErlangerQuote (EQ) suggest that the system is as good for beginners as it is for more advanced traders. The\npages of testimonials from beginning traders notwithstanding (“I’ve gone through the lessons — one by one,” one ErlangerQuote trader testified. “They are all well written and just what a ‘dummy’ needs”), there is something in the broad array of alert utilities, drawing\ntools, watchlists, and scanners — not to mention options sheets, Level II screen, user-defined, mathematics-based custom formulas, and what another testimonial positively referred to as “almost endless variations” — that could send more than one shiver down the spine of the average neophyte trader."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-9-102-105-product-review-erlangerquote-by-david-penn-20.gif"",""height"":""266"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-9-102-105-product-review-erlangerquote-by-david-penn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-9-102-105-product-review-erlangerquote-by-david-penn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20912lettos,d,"{""minimum-quantity"":""1"",""path"":""chap9sep202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:9 (12-20): Letters To S&C"",""caption-linebreaks"":""Letters To S&C
PRICE TARGETS
Editor,
I thoroughly enjoy your mag and can’t wait for the next issue each month. How does one place price targets on any stock? What charts patterns give the best probability of price predictions? Is there a book on the subject dedicated to target setting/interpretation?
YACOOB KADWA, via e-mail
According to Don Bright’s Q&A column in the June 2001 STOCKS & COMMODITIES, “That is something the world would like to know,” and he points out that the price-target predictions by analysts are usually not accurate.
However, we have explored techniques for projecting price targets in several S&C articles that you may wish\nto check out, including..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-9-12-20-letters-to-s-c-20.gif"",""height"":""266"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-9-12-20-letters-to-s-c-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-9-12-20-letters-to-s-c-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20912wormon,d,"{""minimum-quantity"":""1"",""path"":""chap9sep202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:9 (120-121): Working Money: Dojis And Gaps by Stephen Bigalow"",""caption-linebreaks"":""Working Money: Dojis And Gaps by Stephen Bigalow
Power up your profits by combining these formations.
Traders who use the candlestick technique say to take\nnotice when a doji appears. The doji is one of the most revealing signals in candlestick analysis, and clearly indicates when the bulls and bears are at equilibrium or in a state of indecision. A doji that appears after the bulk of an extended trend may signal the end of the trend. This alert alone creates a multitude of investment opportunities."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-9-120-121-working-money-dojis-and-gaps-by-stephen-bigalow-20.gif"",""height"":""266"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-9-120-121-working-money-dojis-and-gaps-by-stephen-bigalow-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-9-120-121-working-money-dojis-and-gaps-by-stephen-bigalow-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v209130bookf,d,"{""minimum-quantity"":""1"",""path"":""chap9sep202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:9 (130): Books For Traders"",""caption-linebreaks"":""Books For Traders
The Procrastinator’s Guide To Financial Security: How Anyone Over 40 Can Still Build A Strong Portfolio — And Retire Comfortably (306 pages, $24.95 hardcover, 2001, ISBN 0814406211), by David F. Teitelbaum, published by AMACOM.
Have you spent your earning years focused\nmore on consumption than on saving? Or maybe, like most people over 40, you just can’t believe you’ve hit middle age with so little money to show for it. This book\ngives you a crash course in the fundamentals of money management, budgeting, saving, and investing. You can’t rely solely on company pension plans or Social Security. It’s up to you to build up your retirement reserves through individual investing and financial planning. It can make the difference between living\nfully, or just scraping by."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-9-130-books-for-traders-20.gif"",""height"":""266"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-9-130-books-for-traders-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-9-130-books-for-traders-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20922bettra,d,"{""minimum-quantity"":""1"",""path"":""chap9sep202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:9 (22-29): Better Trading With Risk Control by Daryl Guppy"",""caption-linebreaks"":""Better Trading With Risk Control by Daryl Guppy
How do you improve your trading results? Risk\nmanagement, of course.
Understanding how the tools of technical analysis work and how they are applied makes a big difference to your initial trading results. A novice trader will see his or her trading improve quickly at first, but then it all seems to bog down. This becomes even more pronounced when markets become skittery or take on a bearish slant. Despite this performance decline, of course everyone wants to aim for a 90% success rate. Is this achieved through reading, coursework, and better trading programs? Or is there a simpler way?
THE ANALYSIS
To study this question, I looked at 16 sample trades. I didn’t use random results; these are real trades, real losses, and real returns taken from my own records. The series of sample trades has six common features..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-9-22-29-better-trading-with-risk-control-by-daryl-guppy-20.gif"",""height"":""266"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-9-22-29-better-trading-with-risk-control-by-daryl-guppy-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-9-22-29-better-trading-with-risk-control-by-daryl-guppy-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20930imyour,d,"{""minimum-quantity"":""1"",""path"":""chap9sep202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:9 (30-36): Improve Your System With The Profitability Rule by Michael Harris"",""caption-linebreaks"":""Improve Your System With The Profitability Rule by Michael Harris
What are the capabilities and limitations of your trading system or investment strategy? You can ensure your system or strategy has a high probability of meeting your profit objectives by using this simple model as a measure of profitability.
Most traders spend time trying to develop mechanical trading systems and often end up lost in a maze of indicators and techniques that produce dismal\nresults. They may not fully understand the fundamental tradeoffs present in trading system design, or even worse, underestimate the influence of those tradeoffs.
The profitability rule I present in this article sheds some light on the capabilities and limitations of trading systems, especially when commissions are factored in. It provides insight into systems operating in different time frames such as intraday or short-term, as well as trend-following systems.
It would be worthwhile for every trader to understand how this simple rule can be used to realistically analyze the profitability of a system."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-9-30-36-improve-your-system-with-the-profitability-rule-by-michael-harris-20.gif"",""height"":""266"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-9-30-36-improve-your-system-with-the-profitability-rule-by-michael-harris-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-9-30-36-improve-your-system-with-the-profitability-rule-by-michael-harris-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20937qabydo,d,"{""minimum-quantity"":""1"",""path"":""chap9sep202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:9 (37): Q&A by Don Bright"",""caption-linebreaks"":""Q&A by Don Bright
SEASONAL STOCKS
Are you aware of any actual study on seasonal tendencies among stock sectors? I’ve heard the general market “sell in May and go away” and “buy\ntech stocks in the fall and sell in the spring” clichés, but I wonder what the facts are. I’ve heard that airline stocks are seasonal, for example. There are probably other generalities, which may or may not be rooted in fact. — Steve Butler
There are many adages in the stocktrading world, and yes, most are true — some of the time. I suggest you pick up a copy of the Hirsch Organization’s Stock Trader’s Almanac, which is a tool I find very helpful. There you will find considerable information about monthly seasonality and other time-related topics."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-9-37-q-a-by-don-bright-20.gif"",""height"":""266"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-9-37-q-a-by-don-bright-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-9-37-q-a-by-don-bright-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20938exforc,d,"{""minimum-quantity"":""1"",""path"":""chap9sep202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:9 (38-40): Exits: The Forgotten Component by Roy M. Sidewitz"",""caption-linebreaks"":""Exits: The Forgotten Component by Roy M. Sidewitz
In many ways, a consistently successful exit strategy is more difficult to implement than an entry strategy.
Often, entry points are so emphasized that exits, which\nmay be even more critical to overall trading success than entries, are sometimes overlooked. This is because when you are contemplating an exit, you are already in the trade; the emotions of fear and greed make getting out of it more difficult. A missed entry is just one missed opportunity out of many, but a missed exit could easily result in a dramatically diminished trading account. Your exit strategy really has the toughest job. Every day, it has to make the critical decision: stay in or get out.
WHAT SHOULD EXIT STRATEGIES DO?
An ideal exit strategy should exercise strict control over\nlosses while allowing profitable trades to blossom. It should control your risk by quickly exiting from losing trades, but allow winners to mature. It will turn a losing system into a profitable one and can make a profitable system even more so: Your exit strategy will determine whether your system is a winner."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-9-38-40-exits-the-forgotten-component-by-roy-m-sidewitz-20.gif"",""height"":""266"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-9-38-40-exits-the-forgotten-component-by-roy-m-sidewitz-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-9-38-40-exits-the-forgotten-component-by-roy-m-sidewitz-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v2094251cuei,d,"{""minimum-quantity"":""1"",""path"":""chap9sep202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:9 (42-44, 51): Cueing Off Support And Resistance Levels by Thom Hartle"",""caption-linebreaks"":""Cueing Off Support And Resistance Levels by Thom Hartle
Tracking previous highs and lows and analyzing price action can provide clear indications of trend direction.
Early in your trading career, you probably learned that you should buy at support and sell at resistance. Support is usually described as a previous point at which the market stopped going down, and resistance as the most recenthigh point at which the market stopped going up. A more definitive approach states that resistance is the previous week’s high and support is the previous week’s low. If you use trading signals for entry and exit points based on a shorter time scale, such as signals off the daily or intraday indicators\nin conjunction with weekly highs and lows, then you would be using a multiple time frame approach, as popularized by trader Robert Krausz.
And if you are trading intraday strategies, then view the\ndaily highs and lows as the key support and resistance points. Drawing conclusions about the state of the market and price action based on support and resistance levels is a classic charting technique. In this article I’ll look at weekly levels applied to a daily chart of the Standard & Poor’s 500 futures contract to illustrate the value of this concept."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-9-42-44-51-cueing-off-support-and-resistance-levels-by-thom-hartle-20.gif"",""height"":""266"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-9-42-44-51-cueing-off-support-and-resistance-levels-by-thom-hartle-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-9-42-44-51-cueing-off-support-and-resistance-levels-by-thom-hartle-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20946wormon,d,"{""minimum-quantity"":""1"",""path"":""chap9sep202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:9 (46-51): Working Money: Heavy (Precious) Metals by Jeff Dufour"",""caption-linebreaks"":""Working Money: Heavy (Precious) Metals by Jeff Dufour
The whys, whens, and hows of investing in gold and other precious metals.
After a long lapse from the consciousness of the investing public, gold is glittering again. Earlier in 2002, the price of gold broke the $300/oz. threshold for the\nfirst time since 1999. Precious metals mining stocks and gold-laden mutual funds have soared, even as the Standard & Poor’s 500 continues to lag. Yet precious metals — gold in particular — are one of the least understood and most controversial investments around. Once thought of as the only true storehouse of wealth, gold now stands very much as an alternative investment.
Concerns about the US dollar, the geopolitical situation in the Middle East, the rising price of oil, and the first warning signs of inflation all have led to renewed excitement in these assets. “There’s more interest in gold now than in the last 15 years,” says Peter Hillyard, senior manager at the London office of ANZ Investment Bank. “Israel, Iraq, additional troops in Afghanistan, higher oil prices — the list is endless. In that environment gold goes up. . . . There’s enough going\non to add gold as a portfolio diversifier.”
In times of uncertainty, investors reach for tangible assets. And there’s no asset more tangible than gold. Most people still associate it primarily with expensive baubles in Fifth Avenue storefronts or glittering bars locked deep in secure vaults. One major advantage of gold is that it’s one of the only asset classes that is not simultaneously someone else’s liability. Further, when you purchase gold, you can safely assume that unlike stocks or even currency, it will always be worth something, as it has been throughout most of recorded history. These attributes make it a historically safe harbor for wealth, and insurance against economic catastrophe."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-9-46-51-working-money-heavy-precious-metals-by-jeff-dufour-20.gif"",""height"":""266"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-9-46-51-working-money-heavy-precious-metals-by-jeff-dufour-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-9-46-51-working-money-heavy-precious-metals-by-jeff-dufour-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v2095269poss,d,"{""minimum-quantity"":""1"",""path"":""chap9sep202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:9 (52-53, 69): Position Sizing For Optimal Results by Bo Yoder"",""caption-linebreaks"":""Position Sizing For Optimal Results by Bo Yoder
Carefully choosing position sizes can lead to consistent returns.
Position sizing is a facet of trading that is often misunderstood and has the potential to dramatically affect your returns. After all the indicators have indicated, the support or resistance levels have been established, and the signal to buy or sell has flashed, one last question remains: How many shares? A rule of thumb is to risk no more than 5% of your\naccount on any single trade. For intraday traders, between 1% and 2% of cash equity is often recommended. For a trader with a $25,000 account, 1% would be $250, while 5% equals $1,250. Many traders use these guidelines to pick a share size with which they are comfortable. Consistently taking 200, 500, or 1,000 shares gives traders a feeling of comfort; yet\nwith certain trading styles, this can be an insidiously destructive way to trade."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-9-52-53-69-position-sizing-for-optimal-results-by-bo-yoder-20.gif"",""height"":""266"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-9-52-53-69-position-sizing-for-optimal-results-by-bo-yoder-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-9-52-53-69-position-sizing-for-optimal-results-by-bo-yoder-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20954behfor,d,"{""minimum-quantity"":""1"",""path"":""chap9sep202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:9 (54-58): Behavioral Force by David Schimel, M.D."",""caption-linebreaks"":""Behavioral Force by David Schimel, M.D.
Here’s a new tool that can help you predict stock price movements.
Evidence now exists to refute the long-held belief\nthat stock price variations are random and unpredictable. Numerous studies have shown that the collective reactions of investors to price variations\ncreate a powerful behavioral force that affects stock price movement. Using this as a premise, we conducted an extensive study and developed an algorithm to measure the behavioral force. We present\nthe findings here.
BEHAVIORAL FORCE
Price movement results from the collective behavior of investors when they must make subjective assessments of a stock’s value. As the prices of equities fluctuate, most shareholders feel the urge to do something. The trouble is, they’re not sure what to\ndo or when to do it. But stock price movements are influenced by investor biases that form in reaction to changes in stock prices. Behavioral force is a discipline that ascribes market action to irrational human behavior. It attempts to explain stock market anomalies,\nlike the stock market correction of 1987 and the Nasdaq bubble of 2000, as a function of this irrational behavior.
Behavioral finance measures how investor thinking is influenced by emotion and misperception, which leads to irrational decision-making. There are many circumstances in which a stock’s price may vary from its real value because of the biases of market participants. When market participants are confronted with no new information — other than changing stock\nprices — they react in a biased but predictable manner. The collective reactions of investors to price variations create a behavioral force that causes stocks to be incorrectly priced relative to their true value."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-9-54-58-behavioral-force-by-david-schimel-m-d-20.gif"",""height"":""266"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-9-54-58-behavioral-force-by-david-schimel-m-d-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-9-54-58-behavioral-force-by-david-schimel-m-d-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20959tradel,d,"{""minimum-quantity"":""1"",""path"":""chap9sep202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:9 (59-61): Trading The Elliott Wave by Rudy Teseo"",""caption-linebreaks"":""Trading The Elliott Wave by Rudy Teseo
Setting up Elliott wave projections on a spreadsheet can help you make your trading decisions.
So far we have covered wave theory (part I), wave patterns (part II), and channels (part III). It will be helpful to have those previous articles handy for reference. Finally, we will discuss the detailed procedures for trading the wave. Elliott wave (EW) analysis is probably one of the most flexible systems you will find. You can be 100% bullish and only trade the motive waves in uptrends and the corrective waves in downtrends; you can be 100% bearish and only trade the motive waves in downtrends and the corrective waves in uptrends; or you can be neutral and switch your bull/bear hat and trade every reversal in any trend.
The primary goal of any system is to identify market lows suitable for buying (or covering short positions) and market highs suitable for selling (or going short). The EW principle is especially well suited to these functions. No system is perfect, and neither is EW analysis. But it does provide an objective means of assessing the relative possibilities of future paths for the stock or index you are following."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-9-59-61-trading-the-elliott-wave-by-rudy-teseo-20.gif"",""height"":""266"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-9-59-61-trading-the-elliott-wave-by-rudy-teseo-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-9-59-61-trading-the-elliott-wave-by-rudy-teseo-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20964exyour,d,"{""minimum-quantity"":""1"",""path"":""chap9sep202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:9 (64-65): Explore Your Options by Tom Gentile"",""caption-linebreaks"":""Explore Your Options by Tom Gentile
BEARISH STRATEGIES
Tom, I have noticed you have been pretty much bearish in this market for the better part of the year. Which\nstrategies have worked best with the bearish tone you have projected?
That depends. Let’s look at a few stocks I have been bearish on for the past few months, and the strategy I\npicked for them. For example, I decided Cisco [CSCO], Computer Associates [CA], Charles Schwab & Co. [SCH], Ford Motor Co. [F], Eli Lilly [LLY], and CVS [CVS] were all bearish by simply looking at the patterns, but it\nwas the volatility that told me what strategy to take. These stocks were all cheap to begin with, and the low implied volatility convinced me not to take too complicated a strategy. Instead, I simply bought 60- to 90-day put options only."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-9-64-65-explore-your-options-by-tom-gentile-20.gif"",""height"":""266"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-9-64-65-explore-your-options-by-tom-gentile-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-9-64-65-explore-your-options-by-tom-gentile-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20966ridkon,d,"{""minimum-quantity"":""1"",""path"":""chap9sep202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:9 (66-69): Riding The Kondratieff Wave by Tim Elrod"",""caption-linebreaks"":""Riding The Kondratieff Wave by Tim Elrod
Here’s a glance at an often overlooked\ncycle theory.
I first found out about Kondratieff’s long\nwave theory in college. I was sitting in a library\ncourtyard at University of California (Berkeley), and it occurred to me that there was as much mysticism and\nwonder in business as there was in religion or philosophy. I also concluded that the foundation of economics was suspect, a relic of the caretaker class of journalists, academics, and government bureaucrats. Maybe supply and demand worked randomly in the short term but to really see the market, explain it, and forecast it, it occurred to me that price needed to be looked at purely as a function of time. This, I realized, is the foundation of wave economics."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-9-66-69-riding-the-kondratieff-wave-by-tim-elrod-20.gif"",""height"":""266"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-9-66-69-riding-the-kondratieff-wave-by-tim-elrod-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-9-66-69-riding-the-kondratieff-wave-by-tim-elrod-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20970tradfu,d,"{""minimum-quantity"":""1"",""path"":""chap9sep202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:9 (70-75): Trading Fuzzy Patterns by Marge Sherald"",""caption-linebreaks"":""Trading Fuzzy Patterns by Marge Sherald
Here’s how you can apply fuzzy logic and increase your\nprofits.
Ask around and you’ll discover that every trader has a chart pattern he or she swears by, one that will indicate what the next big move in the market will be. But ask those traders to precisely define their patterns, and you’ll find that although each pattern looks similar, they do not exactly match any set definition. This makes pattern recognition an ambiguous or “fuzzy” task, which may be why fuzzy logic is beginning to be used by traders to recognize chart patterns.
Fuzzy logic is not some new, theoretical idea that has yet to catch on. It’s been around for a while; in fact, by 1990 the Japanese had more than 100 real fuzzy control applications and products in use. The Japanese city of Sendai has controlled its subway with fuzzy logic since 1988. General Motors’ highly successful automobile model, the Saturn, applies fuzzy logic for automatic transmission shift control, as does Volkswagen’s new Beetle. Duke University engineers have shown that intentionally imprecise rules of thinking can help hotel computers sell the right room to the right customer at the right time, thus boosting income. There is even talk of using fuzzy logic on income taxes."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-9-70-75-trading-fuzzy-patterns-by-marge-sherald-20.gif"",""height"":""266"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-9-70-75-trading-fuzzy-patterns-by-marge-sherald-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-9-70-75-trading-fuzzy-patterns-by-marge-sherald-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v2097274sidh,d,"{""minimum-quantity"":""1"",""path"":""chap9sep202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:9 (72, 74): Sidebar: How Does Fuzzy Logic Work? by Marge Sherald"",""caption-linebreaks"":""Sidebar: How Does Fuzzy Logic Work? by Marge Sherald
Fuzzy logic can screen for patterns and produce a signal when those patterns occur in a chart. But how does fuzzy logic work? It starts with one or more fuzzy sets that influence another fuzzy set in a cause-and-effect relationship. Unlike traditional rules that work with specific values (if RSI > 50, then buy), fuzzy rules require a range of values."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-9-72-74-sidebar-how-does-fuzzy-logic-work-by-marge-sherald-20.gif"",""height"":""266"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-9-72-74-sidebar-how-does-fuzzy-logic-work-by-marge-sherald-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-9-72-74-sidebar-how-does-fuzzy-logic-work-by-marge-sherald-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20976indavs,d,"{""minimum-quantity"":""1"",""path"":""chap9sep202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:9 (76-82): Interview: David Stendahl by Jayanthi Gopalakrishnan"",""caption-linebreaks"":""Interview: David Stendahl by Jayanthi Gopalakrishnan
David Stendahl is an author, a sometime contributor to\nSTOCKS & COMMODITIES, and an authority in the field of portfolio construction and system design. He has lectured at numerous national and international conferences and written articles on evaluation and money management techniques. Stendahl also cocreated various performance analysis software packages, including Performance Summary Plus (now incorporated into TradeStation). Currently, Stendahl comanages Landmark Asset Management, an investment firm that specializes in investing in the global futures markets.
STOCKS & COMMODITIES Editor Jayanthi Gopalakrishnan interviewed Stendahl on July 3, 2002, via telephone.
How did you get started trading?
I’ve always been interested in trading, and I realized a\nlong time ago I wanted to be systematic in my approach. So over the last 15 years I’ve developed a lot of trading systems based on my own work. I took a hiatus from trading while I was trying to improve the analysis of my performance. I thought I had good systems, but I lacked the confidence to actually\ntrade them at certain stages.
If you weren’t trading, what did you do?
I started to develop a number of software applications that would allow me to evaluate my systems in greater detail. Most notably, I cocreated the system backtester that you can find in TradeStation. Soon, though, I got hungry to trade full-time again."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-9-76-82-interview-david-stendahl-by-jayanthi-gopalakrishnan-20.gif"",""height"":""266"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-9-76-82-interview-david-stendahl-by-jayanthi-gopalakrishnan-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-9-76-82-interview-david-stendahl-by-jayanthi-gopalakrishnan-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20983wormon,d,"{""minimum-quantity"":""1"",""path"":""chap9sep202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:9 (83-85): Working Money: Driving Miss Dollar by David Penn"",""caption-linebreaks"":""Working Money: Driving Miss Dollar by David Penn
What does the decline in the dollar say about stocks?
Consider the two “dollars” in Figure 1. The first “dollar”\nrepresents a retail chain that sells a variety of products at a price of $1.00 or less. This chain — which runs\nstores named Dollar Express, Dollar Bills, Only One Dollar, and Only $One — is ranked particularly high in\nInvestor’s Business Daily’s stock tables, garnering particularly good marks for industry group relative strength and sales, profit margins, and return on equity.\nAccording to IBD, people are accumulating the stock as opposed to distributing it. And to top it off, this chain notched a 52-week high as recently as May 14.
The second “dollar” represents the currency of the world’s only superpower. This currency had a great track record of strength throughout the 1990s — in fact,\nthere was none better — but lately the greenback, as this currency is affectionately known, has been showing\nsigns of wear. Even though this currency is still “the world’s currency,” its native nation has begun to stumble under the burden of corporate debt, underwhelming profits, and the prospect of deficit spending by its government. There are those accumulating this currency as well, but they seem to be doing so more in an effort to “save” the currency than to profit from it. An IBD headline from May 23, for example, reads: “Japan Buys Up Dollars To Halt Slide, Protect Own Fragile Recovery.”"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-9-83-85-working-money-driving-miss-dollar-by-david-penn-20.gif"",""height"":""266"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-9-83-85-working-money-driving-miss-dollar-by-david-penn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-9-83-85-working-money-driving-miss-dollar-by-david-penn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20986webfor,d,"{""minimum-quantity"":""1"",""path"":""chap9sep202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:9 (86-87): Websites For Traders: FXtrek.com by David Penn"",""caption-linebreaks"":""Websites For Traders: FXtrek.com by David Penn
FXtrek.com bills itself as a “one stop for foreign exchange traders,” and for those who consider themselves just a step or two away from real-life forex\ntrading, it’s a stop worth making. Little more than a year old (FXtrek.com was launched in April 2001), the website — with its FXtrek.com University, mini- and\nregular demo accounts, live picks, neural net forecast, and IntelliCharts — provides the means for a seamless\njourney for the would-be forex trader from neophyte to master dealer.
“Master dealer”?! Why not? FXtrek.com makes no bones about some of the main attractions that forex dealing holds for individual investors. As the website founders suggest in their introduction: “You can become very rich in a short time if you are on the right\nside of the foreign exchange market at\nthe right time. The foreign exchange market … is huge and its leverage is enormous.” ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-9-86-87-websites-for-traders-fxtrek-com-by-david-penn-20.gif"",""height"":""266"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-9-86-87-websites-for-traders-fxtrek-com-by-david-penn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-9-86-87-websites-for-traders-fxtrek-com-by-david-penn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20988webfor,d,"{""minimum-quantity"":""1"",""path"":""chap9sep202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:9 (88-89): Websites For Traders: InvestAvenue.com by David Penn"",""caption-linebreaks"":""Websites For Traders: InvestAvenue.com by David Penn
Full disclosure: I browse Invest Avenue.com — a financial website with insights from a variety of fundamentally and technically oriented money managers and analysts — every day. As in every single day. So it should come as no surprise when I suggest that it is one of the best financial websites for those\nlooking for clues to the behavior of markets around the world. If, as far as you are concerned, markets are markets, wherever they are, and you are willing to pursue the best opportunities wherever they may be, then InvestAvenue.com should be a part of your daily financial reading regimen as well."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-9-88-89-websites-for-traders-investavenue-com-by-david-penn-20.gif"",""height"":""266"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-9-88-89-websites-for-traders-investavenue-com-by-david-penn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-9-88-89-websites-for-traders-investavenue-com-by-david-penn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20990tradti,d,"{""minimum-quantity"":""1"",""path"":""chap9sep202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:9 (90-96): Traders’ Tips"",""caption-linebreaks"":""Traders’ Tips
This month's Traders' Tips include code from:
TradeStation: Support and Resistance Levels
Equis: Support and Resistance Levels
Neuroshell Trader: Fuzzy Patterns, Support and Resistance Levels
WealthLab: Support and Resistance Levels, Fuzzy Patterns
TickQuest: Support and Resistance Levels
Investor/RT: Support and Resistance Levels
TradingSolutions: Support and Resistance Levels
WaveWi$e: Support and Resistance Levels"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-9-90-96-traders-tips-20.gif"",""height"":""266"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-9-90-96-traders-tips-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-9-90-96-traders-tips-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20997101pro,d,"{""minimum-quantity"":""1"",""path"":""chap9sep202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:9 (97, 101): Product Review: The Optionetics Course by Jayanthi Gopalakrishnan"",""caption-linebreaks"":""Product Review: The Optionetics Course by Jayanthi Gopalakrishnan
To be a successful options trader (or just about\nanything, for that matter), you have to learn. And\none of the least painful ways to do this is to attend a course specifically designed to teach you how to trade options. As opposed to spending months laboring over books of rather dry material, attending a structured\ncourse will certainly reduce the time you spend educating yourself, although it won’t necessarily alleviate the arid nature of the subject. The downside, of\ncourse, is the difficulty in selecting a course. Every course is designed differently, often biased toward a type of trading strategy that has been successful for the instructor(s). And frankly, there’s no way to state with any objectivity that one person’s system is better than another’s."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-9-97-101-product-review-the-optionetics-course-by-jayanthi-gopalakrishnan-20.gif"",""height"":""266"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-9-97-101-product-review-the-optionetics-course-by-jayanthi-gopalakrishnan-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-9-97-101-product-review-the-optionetics-course-by-jayanthi-gopalakrishnan-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v20998prodre,d,"{""minimum-quantity"":""1"",""path"":""chap9sep202"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 20:9 (98-101): Product Review: Track ’n Trade Pro by David Penn"",""caption-linebreaks"":""Product Review: Track ’n Trade Pro by David Penn
With so much technical analysis software available, the task of distinguishing even one quality product from another can be daunting — at least on the surface. Assuming a variety of indicators, chart display choices, drawing and analytical tools, throw in a speedy and reliable datafeed and perhaps a system tester or trading simulation utility, and what’s left to argue over\nbesides the personal preferences — those bells and whistles that make a system cherished by one group of traders and loathed by another?
Lan H. Turner, founder of Gecko Software, developers of the Track ’n Trade Pro chart analysis software program, tipped me off to what might be the secret behind Gecko’s approach to competing in this increasingly crowded market. Writing in response to\na query about the uniqueness of his Track ’n Trade product, Turner suggested that while a number of\ncompanies produce software to study charts, “They seem to be very much emphasizing system analysis, not market analysis.”"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-9-98-101-product-review-track-n-trade-pro-by-david-penn-20.gif"",""height"":""266"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-9-98-101-product-review-track-n-trade-pro-by-david-penn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-20-9-98-101-product-review-track-n-trade-pro-by-david-penn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v211nopemeby,d,"{""minimum-quantity"":""1"",""path"":""chapter16"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:1 (10-21): A Nonparametric Performance Measure by Guy Brys and Luc Van Hof"",""caption-linebreaks"":""A Nonparametric Performance Measure by Guy Brys and Luc Van Hof
Many an indicator generates buy/sell signals, but how effective are they?
We can measure the quality of such signals by embedding them into a fairly simple trading system. We will apply two performance measures — the classical return on account (ROA) and a nonparametric one (ACC) — to four indicators to measure the quality of the buy/sell signals, followed by a walk-forward optimization and a discussion of the results.
IN THEORY
Generally speaking, a trading strategy is a collection of rules triggered by one or more indicators. Because of this, the quality of an indicator is often masked by the given strategy. Therefore, we will only vary the definition of the underlying indicator. This makes it possible to make an objective distinction between different indicators independent of external factors. We used historical tick-by-tick data from the exchange rate of the euro (EUR) (the US dollar expressed in euros) in this study. Data prior to the euro’s introduction on January 1, 1999, was computed from the Deutschemark expressed in US dollars (DEM) and other European currencies (see Figure 1)."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-1-10-21-a-nonparametric-performance-measure-by-guy-brys-and-luc-van-hof-21.gif"",""height"":""254"",""width"":""196""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-1-10-21-a-nonparametric-performance-measure-by-guy-brys-and-luc-van-hof-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-1-10-21-a-nonparametric-performance-measure-by-guy-brys-and-luc-van-hof-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v211prrestru,d,"{""minimum-quantity"":""1"",""path"":""chapter16"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:1 (100-102): Product Review: Strategy Runner by David Penn"",""caption-linebreaks"":""Product Review: Strategy Runner by David Penn
In reviewing Strategy Runner contracts — a hands-free, automatic trading system and execution platform geared toward daytrading a range of futures contracts, it dawns on me that for all of the calculations, derivations, methods, and practices used to come up with winning strategies for trading stocks, bonds, commodities, and other tradables, there are really only so many ways to\ntake advantage of temporary disequilibria in the marketplace. There are trends that can be followed for a profit, markets that have reached extreme levels that can be faded for powerful gains, and various combinations of the two that often involve the use of crossover-based tools such as the moving average convergence/ divergence indicator."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-1-100-102-product-review-strategy-runner-by-david-penn-21.gif"",""height"":""254"",""width"":""197""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-1-100-102-product-review-strategy-runner-by-david-penn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-1-100-102-product-review-strategy-runner-by-david-penn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v211bofortr,d,"{""minimum-quantity"":""1"",""path"":""chapter16"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:1 (122): Books For Traders"",""caption-linebreaks"":""Books For Traders
Interest Rate, Term Structure, And Valuation Modeling (514 pages, $89.95 hardcover, 2002, ISBN 0471220949), by Frank J. Fabozzi, published by John Wiley & Sons. The valuation of fixed-income securities\nand interest rate derivatives — from simple structures\nto the most complex structures found in the interest rate derivatives market and structured finance sector — depends on the interest rate model used by the investor. This work addresses valuation models, structured notes, and floatingrate securities, and more, as well as the multiscenario grid approach for valuing mortgage backed securities."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-1-122-books-for-traders-21.gif"",""height"":""254"",""width"":""197""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-1-122-books-for-traders-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-1-122-books-for-traders-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v212eveaddob,d,"{""minimum-quantity"":""1"",""path"":""chapter16"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:1 (22-26): Eve & Adam Double Bottoms by Thomas Bulkowski"",""caption-linebreaks"":""Eve & Adam Double Bottoms by Thomas Bulkowski
If you read this author’s first two articles about the Adam and Eve combinations of double bottoms, the Eve & Adam combination should be a snap. It combines elements from the Eve & Eve and Adam & Adam double bottom combinations, with performance that nestles comfortably between the two.
Of the four varieties of Adam and Eve combinations,\nthe Eve & Adam pattern is the rarest. Just finding good\nexamples for this article proved challenging. When attempting to distinguish between the double bottom\nvarieties, compare each bottom with its opposite. If both bottoms appear similar, the pattern is an Adam & Adam or Eve & Eve double bottom. If they appear different, then they are either Eve & Adam or Adam & Eve bottoms.
Figure 1 displays an Eve & Adam double bottom with an Eve bottom that is wider than the Adam bottom, but not by much. Eve appears flatter, while Adam is more V-shaped. Normally, I like to see a wide Eve bottom, but good examples are hard to find. One interesting identification glitch of the Eve & Adam combination: Volume is heavier on the right bottom than the left, but only 52% of the time. In Figure 1, for example, you see heavier volume on the right bottom. For the other Adam and Eve combinations, you’ll usually see volume heavier on the left bottom. However, do not be concerned if a double bottom has an abnormal volume pattern."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-1-22-26-eve-adam-double-bottoms-by-thomas-bulkowski-21.gif"",""height"":""254"",""width"":""197""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-1-22-26-eve-adam-double-bottoms-by-thomas-bulkowski-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-1-22-26-eve-adam-double-bottoms-by-thomas-bulkowski-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v213inrebyda,d,"{""minimum-quantity"":""1"",""path"":""chapter16"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:1 (30-32): Intermarket Review by David Penn"",""caption-linebreaks"":""Intermarket Review by David Penn
THE AMEX GOLD BUGS INDEX ($HUI)
The AMEX Gold BUGS (basket of unhedged gold stocks) index represents shares of gold mining and production companies that do not engage in hedging their gold beyond 11–12 years. The index is designed to give investors better exposure to movements in the price of gold compared to other, broader indexes such as the Philadelphia Gold and Silver Index ($XAU)."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-1-30-32-intermarket-review-by-david-penn-21.gif"",""height"":""254"",""width"":""197""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-1-30-32-intermarket-review-by-david-penn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-1-30-32-intermarket-review-by-david-penn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v213exyoopby,d,"{""minimum-quantity"":""1"",""path"":""chapter16"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:1 (34): Explore Your Options by Tom Gentile"",""caption-linebreaks"":""Explore Your Options by Tom Gentile
COVERED CALL STRATEGIES
With the market at yearly lows and the volatility of most options at yearly highs, I think covered calls would make a great strategy. I know you don’t like to do them\nbecause of the high risk, but with stocks down some 90% from their 2000 highs, the risks are definitely less than before. What do you think?— Rick F.
I can’t disagree with you. Hindsight tells us any bullish strategy now is going to have less risk than it did two years ago. First, I’ll describe covered calls for the folks out there who don’t know what they are. Then I’ll take a case study and look at it, along with an alternative."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-1-34-explore-your-options-by-tom-gentile-21.gif"",""height"":""254"",""width"":""197""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-1-34-explore-your-options-by-tom-gentile-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-1-34-explore-your-options-by-tom-gentile-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v213qabydonb,d,"{""minimum-quantity"":""1"",""path"":""chapter16"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:1 (36): Q&A by Don Bright"",""caption-linebreaks"":""Q&A by Don Bright
CONVERSIONS
I’m new to options trading. Would you explain what a conversion is? — Kelly, Cincinnati
“Conversion” means the buying of puts and selling of calls at the same price, and also buying the underlying stock at the same time. Conversions are critical to valuations, because although calls or puts may look overvalued based on historical volatility, interest rates, and so on (option modeling), they probably aren’t when compared to the full “three-way.” If you look at the call, put, and stock, you will find that the net pricing will be near fair value (again, based on interest rates, days until expiration, dividends, and so on). On the trading floor, traders will use the three-way valuation as a way to hedge themselves. For example: if I end up selling 200 calls at a good high price to the public, I can either buy other calls to hedge, sell puts, or buy stock, in order to get “delta-neutral.” If I end up with too much gamma (short-term delta movement), I can compensate by completing a three-way to level out (again, just locking in profits from the call sales by being able to then turn around, buy the calls back, sell the puts, and sell the stock at fair value)."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-1-36-q-a-by-don-bright-21.gif"",""height"":""254"",""width"":""197""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-1-36-q-a-by-don-bright-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-1-36-q-a-by-don-bright-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v213motrbywi,d,"{""minimum-quantity"":""1"",""path"":""chapter16"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:1 (38-42): The Moving Trend by William Rafter"",""caption-linebreaks"":""The Moving Trend by William Rafter
Here’s a look at a nonlagged filter that can be used as a forecasting tool.
Data smoothing has long been likened to taking the first generation of allergy medication. The medication relieved the symptoms, but slowed you down so much that the effect seemed worse than the original allergic discomfort. For years, I have been using a data smoother called the “moving trend,” which is the market’s best forecast — based on a previous trend — of where the price level should be today. It proved to\ngreatly diminish the lag problem. John Ehlers’ article in the July 2002 STOCKS & COMMODITIES prompted me to look at the moving trend operation (movtrend) a little differently. In the process, I learned something worth sharing."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-1-38-42-the-moving-trend-by-william-rafter-21.gif"",""height"":""254"",""width"":""197""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-1-38-42-the-moving-trend-by-william-rafter-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-1-38-42-the-moving-trend-by-william-rafter-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v214prindeby,d,"{""minimum-quantity"":""1"",""path"":""chapter16"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:1 (44-48): The Profit’s In The Details by Bryan Babcock"",""caption-linebreaks"":""The Profit’s In The Details by Bryan Babcock
Minimize the effects of greed with the trader profit equilibrium equation.
For many traders, success always remains just around the corner, just a step away. All too often traders allow one bad trade to ruin their day. Or perhaps one bad day ruins the week or even the month. These are symptoms of a trading strategy that, while it may appear to have what it takes for a successful strategy, is doomed to fail.
Most traders focus their energy on the trade setup or entry, concentrating too little on actual trade management or the exit. They want to hit a home run on every trade, even when that means giving up base hits that would win the game. Rather than address this problem by always entering a trade with a preplanned exit strategy, these traders neglect to develop their methods, or postpone the task indefinitely. Many new traders fail because of greed — that powerful emotion that leads to errors in discipline, money management,\ntrade selection, risk management, and profit management. I will present a statistical model for success called the trader profit equilibrium equation, which minimizes the effects of greed on the decision-making process. The model is based on profit management and can be applied to most trade selection systems. It is designed to help you manage your position after entry."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-1-44-48-the-profit-s-in-the-details-by-bryan-babcock-20.gif"",""height"":""254"",""width"":""197""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-1-44-48-the-profit-s-in-the-details-by-bryan-babcock-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-1-44-48-the-profit-s-in-the-details-by-bryan-babcock-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v215suoffiby,d,"{""minimum-quantity"":""1"",""path"":""chapter16"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:1 (54-56): Survival Of The Fittest by Don Bright"",""caption-linebreaks"":""Survival Of The Fittest by Don Bright
What do we do now? A new era in the market has dawned, and we have to figure out how best to adapt to it.
Take a look around. The market bubble has burst, and we must learn how to adapt to the new era of trading the markets. There are new trading platforms, new ways to access the markets, and new products such as single-stock futures (SSFs) and narrow-based indexes. Traders must adapt to the new climate to remain successful. As a species, traders face the same dilemma that many of our ancestors did: we must adapt or become extinct. Although the penalty for staying locked into a nonworking strategy may not be as severe as the fate of the sabertoothed tiger, poverty is a close second. We must constantly be on the lookout for that edge."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-1-54-56-survival-of-the-fittest-by-don-bright-20.gif"",""height"":""254"",""width"":""197""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-1-54-56-survival-of-the-fittest-by-don-bright-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-1-54-56-survival-of-the-fittest-by-don-bright-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v215trebydem,d,"{""minimum-quantity"":""1"",""path"":""chapter16"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:1 (58-66): Trading The E-Mini by Dennis Meyers, Ph.D."",""caption-linebreaks"":""Trading The E-Mini by Dennis Meyers, Ph.D.
Here’s a technique you can use to trade the e-mini futures intraday.
In my April 1999 article, “The Discrete Fourier Transform Illusion,” I demonstrated the misuses of the mathematical technique called the Fourier transform as applied to the Standard & Poor’s 500. In that article I discussed how fitting the Fourier transform to the S&P 500 index data series produced a perfect curve-fit on past data, giving the illusion that this technique would predict the major turning points of the S&P 500. However, when the Fourier transform was examined on a day-by-day walk-forward basis, this seemingly wondrous predictive capability disappeared.
In the follow-up article, “The Endpoint Fast Fourier Transform System,” I discussed using the fast Fourier transform (FFT) in a technique called the endpoint fast Fourier transform (EPFFT) to trade daily bars of the S&P 500 futures. This time, I will discuss how to use the EPFFT technique on a walk-forward basis to trade one-minute bars of the emini futures."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-1-58-66-trading-the-e-mini-by-dennis-meyers-ph-d-20.gif"",""height"":""254"",""width"":""197""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-1-58-66-trading-the-e-mini-by-dennis-meyers-ph-d-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-1-58-66-trading-the-e-mini-by-dennis-meyers-ph-d-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v217frstbyad,d,"{""minimum-quantity"":""1"",""path"":""chapter16"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:1 (70-73): Fresh Start by Adrienne Laris Toghraie"",""caption-linebreaks"":""Fresh Start by Adrienne Laris Toghraie
Start off the New Year on the right foot.
The past several years have been disastrous for many traders. Even concerted attempts by disciplined traders to follow their own trading rules have failed to produce profits. Why has this downward spiral continued? It is because the markets have changed but many traders are choosing not to acknowledge that they must as well. Traders are no longer as confident as they used to be; instead, they are embarrassed, fearful, and angry. To reverse the losing trend, they put more and more time into their trading in the belief that working harder will make a difference. However, the increased effort only makes them more frenzied. It is time for a fresh start.
AGAINST STARTING ANEW
If you are a trader who is in a downward spiral, the idea of starting anew may seem unacceptable. You are accustomed to a certain level of income. You do not want to face any more embarrassment. Pulling back now would mean starting over with a new system, and probably making less money for a while. Maybe you invested $10,000 in your current system, plus two years or more of hard work, before it produced a profit. Giving up this system would make you feel as though you were giving up a true friend who has supported you for years. But if a friend is causing you too much pain and loss, sometimes you must let go."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-1-70-73-fresh-start-by-adrienne-laris-toghraie-20.gif"",""height"":""254"",""width"":""197""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-1-70-73-fresh-start-by-adrienne-laris-toghraie-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-1-70-73-fresh-start-by-adrienne-laris-toghraie-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v217wefortrw,d,"{""minimum-quantity"":""1"",""path"":""chapter16"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:1 (74): Websites For Traders: www.BondsOnline.com by Jayanthi Gopalakrishnan"",""caption-linebreaks"":""WWW.BONDSONLINE.COM by Jayanthi Gopalakrishnan
With the stock markets plunging, and widely expected to continue on down, perhaps it’s not a bad time to think about putting your investments in safer, more conservative instruments such as fixedincome securities. The returns — however grim — are a lot better than the negative double- or triple-digit returns\nyou may be faced with if you remain invested in stocks. But before making that switch, there are certain nuances about the bond market you need to become\nfamiliar with. For that, a visit to www.BondsOnline.com may be worth your time. Although the site focuses on\nmarketing subscription-based newsletters and the company’s brokerage services, there is also a lot of general information that anyone learning to trade fixedincome securities would benefit from."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-1-74-websites-for-traders-www-bondsonline-com-by-jayanthi-gopalakrishnan-20.gif"",""height"":""254"",""width"":""197""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-1-74-websites-for-traders-www-bondsonline-com-by-jayanthi-gopalakrishnan-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-1-74-websites-for-traders-www-bondsonline-com-by-jayanthi-gopalakrishnan-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v217injohiof,d,"{""minimum-quantity"":""1"",""path"":""chapter16"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:1 (76-82): Interview: John Hill Of Futures Truth by Jayanthi Gopalakrishnan"",""caption-linebreaks"":""Interview: John Hill Of Futures Truth by Jayanthi Gopalakrishnan
Think of all those trading systems you see advertised and hyped. Haven’t you wondered whether they work? Of course you have. John Hill is the president and founder of Futures Truth magazine, which tracks, tests, and evaluates trading systems and then publishes the results. Starting the magazine was his response to the many ineffective or downright fraudulent systems that he saw were being sold to would-be traders. STOCKS & COMMODITIES Editor Jayanthi Gopalakrishnan spoke to Hill via telephone on October 25, 2002, discussing trading systems, the characteristics that make them successful, and what traders should look for when choosing a system. Here is what he had to say.
You’ve evaluated quite a few trading systems through the years with Futures Truth. How did that come about?
Futures Truth was organized back in the mid-1980s with the purpose of showing the actual performance of the many trading systems that were for sale, many of which were completely worthless. The magazine started out in a negative vein, in that I’d purchase a system that I would hear about, it would turn out to be worthless, and I’d get irritated. Finally, I decided enough\nwas enough. That led me to start Futures Truth. Through the years, we took on anybody and everybody and had many, many threats of lawsuits. . ."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-1-76-82-interview-john-hill-of-futures-truth-by-jayanthi-gopalakrishnan-20.gif"",""height"":""254"",""width"":""197""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-1-76-82-interview-john-hill-of-futures-truth-by-jayanthi-gopalakrishnan-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-1-76-82-interview-john-hill-of-futures-truth-by-jayanthi-gopalakrishnan-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v218letosc,d,"{""minimum-quantity"":""1"",""path"":""chapter16"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:1 (8-9): Letters To S&C"",""caption-linebreaks"":""Letters To S&C
READERS’ CHOICE AWARDS BALLOT NOW ONLINE
Editor,
I’ve been a subscriber to S&C for many years and I read in your magazine that it’s now possible to vote for the Readers’ Choice Awards through your website, but I wasn’t able to find the link to do it. I shall be glad to know how I can participate in the balloting. I also thank you for all the great information you provide me every\nmonth in S&C.
FABIO BALDI, via e-mail, Italy
Voting for the Readers’ Choice Awards has just begun! You’ll now find a link at our website, Traders.com."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-1-8-9-letters-to-s-c-21.gif"",""height"":""254"",""width"":""197""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-1-8-9-letters-to-s-c-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-1-8-9-letters-to-s-c-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v218prreunad,d,"{""minimum-quantity"":""1"",""path"":""chapter16"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:1 (83-86): Product Review: Unfair Advantage by Dennis D. Peterson"",""caption-linebreaks"":""Have you ever noticed CSI mentioned at the bottom of Yahoo! Finance pages as the supplier of historical data? From my experience, I can state confidently that CSI has the cleanest data available, which is probably why they have a relationship with one of the most popular financial websites. Commodity Systems, Inc. (CSI), supplies a broad spectrum of financial end-of-day data in their product, Unfair Advantage (UA). UA’s strength lies in the quality of the data it delivers and its ability to manipulate that data.
DATA
The initial data (compressed) and the program software come on CD. After installation you use the Internet to update the CD’s data to the present date, as\nwell as for daily updates. CSI covers data from more than 80 world exchanges. The data remains compressed until you request specific files to be built."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-1-83-86-product-review-unfair-advantage-by-dennis-d-peterson-20.gif"",""height"":""254"",""width"":""197""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-1-83-86-product-review-unfair-advantage-by-dennis-d-peterson-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-1-83-86-product-review-unfair-advantage-by-dennis-d-peterson-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v218wefortrt,d,"{""minimum-quantity"":""1"",""path"":""chapter16"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:1 (86): Websites For Traders: TMitchell.com by Jayanthi Gopalakrishnan"",""caption-linebreaks"":""Websites For Traders: TMitchell.com by Jayanthi Gopalakrishnan
TMITCHELL.COM
“Learn to read the markets like a newspaper,” Todd Mitchell of Trading Concepts likes to say to his students. How does he teach them to do this? You can\nfind out through his home study course and live, one-on-one trading/training session. The course focuses on trading the Standard & Poor’s 500, e-mini,\nNasdaq, and Dow contracts, although Mitchell claims that the strategies you learn from his course can be applied to any market and time frame. The course — unlike most other home study courses — includes a manual, audiotapes, and videotapes."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-1-86-websites-for-traders-tmitchell-com-by-jayanthi-gopalakrishnan-20.gif"",""height"":""254"",""width"":""197""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-1-86-websites-for-traders-tmitchell-com-by-jayanthi-gopalakrishnan-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-1-86-websites-for-traders-tmitchell-com-by-jayanthi-gopalakrishnan-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v21811trti,d,"{""minimum-quantity"":""1"",""path"":""chapter16"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:1 (87-96, 118): Traders’ Tips"",""caption-linebreaks"":""Traders’ Tips
This month’s selection of Traders’ Tips, contributed by\nvarious developers of technical analysis software, include code from:
AmiBroker, Tradestation, eSignal, Wealth-Lab, TradingSolutions, Neuroshell Trader, Neoticker, Metastock, SmarTrader, and Wall Street Analyzer for: Implementation of the moving trend indicator as described by William Rafter in his article in this issue, “The Moving Trend.\""
Amibroker, Tradestation, Wealth-Lab, and Neuroshell Trader for: The nonparametric performance measure (ACC) described by Guy Brys and Luc Van Hof in “A NonparametricPerformance Measure.\"""",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-1-87-96-118-traders-tips-21.gif"",""height"":""254"",""width"":""197""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-1-87-96-118-traders-tips-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-1-87-96-118-traders-tips-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v219prremaby,d,"{""minimum-quantity"":""1"",""path"":""chapter16"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:1 (97-99): Product Review: MarketGauge by David Penn"",""caption-linebreaks"":""Product Review: MarketGauge by David Penn
If there is one distinct trend in trading/market analysis software, that trend may be toward the increasing use of color- and shape-coded symbols to denote quantitative information such as price or volume. In some ways, this trend is as old as bar charts (or candlesticks, if you include the trading history of Japan, which goes back to the 18th century). In other ways, however, there is something very new, very “information-age” about the drive of software developers to compress more and more information and market data into fewer signals that are also easier to recognize and act upon."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-1-97-99-product-review-marketgauge-by-david-penn-21.gif"",""height"":""254"",""width"":""197""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-1-97-99-product-review-marketgauge-by-david-penn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-1-97-99-product-review-marketgauge-by-david-penn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v21111prretr,d,"{""minimum-quantity"":""1"",""path"":""ch10o20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:10 (102-103, 118): Product Review: TrackTrade by Jayanthi Gopalakrishnan"",""caption-linebreaks"":""Product Review: TrackTrade by Jayanthi Gopalakrishnan
As direct online brokerages have become more and more popular in recent years, commissions on trades have gone lower and lower. TrackTrade is one trading platform that fits this bill. Their commissions are as low as half a cent (that’s $0.005!) per equity share, something the company boasts on its homepage. This low commission is one of the features that makes TrackTrade stand out, in addition to others.
INSTALLATION AND SETUP
The software can be downloaded at no cost from the website. It’s a simple process and will only take a few minutes of your time. You’ll receive a username and password, and once you have your account set up (all of which can be done online), you’re ready to go."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-10-102-103-118-product-review-tracktrade-by-jayanthi-gopalakrishnan-20.gif"",""height"":""255"",""width"":""198""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-10-102-103-118-product-review-tracktrade-by-jayanthi-gopalakrishnan-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-10-102-103-118-product-review-tracktrade-by-jayanthi-gopalakrishnan-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v211wefortrm,d,"{""minimum-quantity"":""1"",""path"":""ch10o20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:10 (104-105): Websites For Traders: MoneyTec by David Penn"",""caption-linebreaks"":""Websites For Traders: MoneyTec by David Penn
MONEYTEC.COM
The Internet revolution has brought many opportunities to the desktops and personal digital assistants of traders and investors of all types — from novices looking for better ways to limit their exposure to equity downturns, to daytraders who survived both raging bull\nand agonizing bear markets, to market veterans who are finally forcing themselves to use any one of the many online, web-based charting services instead of\nplotting out all their price points by hand.
But one of the more overlooked aspects of the Internet revolution is the way that it allows traders to share ideas, insights, observations, and war stories. The pump ’n dump chatrooms of the late 1990s, in some ways, gave this aspect of the Internet a bit of a bad reputation, as more than one chat-room trader was caught propagating real-life pump ’n dump schemes in little-known stocks with small floats."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-10-104-105-websites-for-traders-moneytec-by-david-penn-20.gif"",""height"":""255"",""width"":""198""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-10-104-105-websites-for-traders-moneytec-by-david-penn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-10-104-105-websites-for-traders-moneytec-by-david-penn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v211notrnobo,d,"{""minimum-quantity"":""1"",""path"":""ch10o20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:10 (105): Novice Trader’s Notebook: Bollinger Bands by Amy Wu"",""caption-linebreaks"":""Novice Trader’s Notebook: Bollinger Bands by Amy Wu
BOLLINGER BANDS
Bollinger Bands were created by market technician John Bollinger. They are a branch of envelope analysis and use standard deviations in calculation instead of a fixed percentage. Bollinger Bands are displayed as three bands. The middle band normally consists of a moving average of 20 days. The upper band is derived by adding two standard deviations to the middle band. The lower band is found by subtracting two standard deviations from the middle band."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-10-105-novice-trader-s-notebook-bollinger-bands-by-amy-wu-20.gif"",""height"":""255"",""width"":""198""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-10-105-novice-trader-s-notebook-bollinger-bands-by-amy-wu-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-10-105-novice-trader-s-notebook-bollinger-bands-by-amy-wu-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v211trrebyte,d,"{""minimum-quantity"":""1"",""path"":""ch10o20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:10 (106-113): Traders’ Resource by Technical Analysis, Inc."",""caption-linebreaks"":""Traders’ Resource by Technical Analysis, Inc.
When investing with mutual funds, the issue is cost of all kinds. Sales charges, turnover costs (trading costs), tax costs, management fees, marketing costs, and cash-holding costs all eat into your returns; then the compounding effect magnifies your losses. It’s critical to consider all of these costs when approaching\nmutual fund investing and do the appropriate research to make sure you are making the most of your investment. A family of low-cost, no-load funds that allows costless switching between funds can be very beneficial in the long run."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-10-106-113-traders-resource-by-technical-analysis-inc-20.gif"",""height"":""255"",""width"":""198""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-10-106-113-traders-resource-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-10-106-113-traders-resource-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v211chmabyda,d,"{""minimum-quantity"":""1"",""path"":""ch10o20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:10 (121): Charting The Market by David Penn"",""caption-linebreaks"":""Charting The Market by David Penn
TRENDLINES
First job… first car… first love… There is always something to be said for what comes first. Even if your first job was as stimulating as manual labor on a Virginia plantation, your first car an always-broken-down clunker, and your first love a raving lunatic, it’s still hard to forget the first. When it comes to technical tools and indicators, trendlines were “the first” technical tool for a sizable number of budding technical analysts. In fact, I suspect that most technicians can remember the first time they ever\npulled up a price chart of some stock or commodity and drew their first trendline. How easy it all seemed then!"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-10-121-charting-the-market-by-david-penn-21.gif"",""height"":""255"",""width"":""198""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-10-121-charting-the-market-by-david-penn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-10-121-charting-the-market-by-david-penn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v211bofortrb6,d,"{""minimum-quantity"":""1"",""path"":""ch10o20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:10 (122): Books For Traders by Technical Analysis, Inc."",""caption-linebreaks"":""Books For Traders by Technical Analysis, Inc.
Fibonacci For The Active Trader (221 pages, $49.95\nhardcover, 2003, ISBN 0972122974), by Derrik S. Hobbs, published by TradingMarkets.
This book promises to teach you the author’s favorite\nFibonacci strategies for anticipating and potentially capturing the most significant turns in stocks, stock indices, and exchange-traded funds. A professional money manager, Hobbs applies seven principal Fibonacci strategies and shows you rules for trading each of them. . .
Other new publications briefly described in this issue are: Investing Despite Wall Street, Inc., Modern Investment Management, New Insights On Covered Call Writing, No Bull Investing, Optimal Trading Strategies, Wealth Of Experience, and Spread Trading."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-10-122-books-for-traders-by-technical-analysis-inc-21.gif"",""height"":""255"",""width"":""198""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-10-122-books-for-traders-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-10-122-books-for-traders-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v211letoscby4,d,"{""minimum-quantity"":""1"",""path"":""ch10o20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:10 (14-18): Letters To S&C by Technical Analysis, Inc."",""caption-linebreaks"":""Letters To S&C by Technical Analysis, Inc.
READERS’ CHOICE AWARDS
Editor,
I sometimes see on the websites of some financial software a statement that they won a Readers’ Choice Award from your magazine. I tried searching at your website, Traders.com, for the listing but couldn’t find it. Can you send me more information about your Readers’ Choice Awards, or provide me with a link to see it?
MASSIMO TANZI, via email, Italy"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-10-14-18-letters-to-s-c-by-technical-analysis-inc-20.gif"",""height"":""255"",""width"":""198""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-10-14-18-letters-to-s-c-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-10-14-18-letters-to-s-c-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v212diandyop,d,"{""minimum-quantity"":""1"",""path"":""ch10o20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:10 (20-31): Diversification And Your Portfolio by Phil Abel"",""caption-linebreaks"":""Diversification And Your Portfolio by Phil Abel
Thinking about adding financial and commodity futures to your trading? Here’s how it can improve profitability and reduce risk.
Stockpicking can enhance a portfolio, but only to a certain extent. If you incorporate additional markets such as financial and commodity futures, it can substantially enhance performance and reduce risk. The trader or investor who has chiefly invested in stocks and has not yet considered the possibility of diversification into other markets may find adding financial and commodity futures to his or her portfolio a highly lucrative venture.
The past decade has witnessed stock prices rising to unbelievable highs and then sinking to multiyear lows. All too many investment and trading accounts have taken hits. By employing a more diverse array of assets and some basic trading tactics, a trader could potentially be at or near all-time equity highs today, instead of suffering extended drawdowns."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-10-20-31-diversification-and-your-portfolio-by-phil-abel-20.gif"",""height"":""255"",""width"":""198""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-10-20-31-diversification-and-your-portfolio-by-phil-abel-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-10-20-31-diversification-and-your-portfolio-by-phil-abel-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v213qabydonb3,d,"{""minimum-quantity"":""1"",""path"":""ch10o20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:10 (32): Q&A by Don Bright"",""caption-linebreaks"":""Q&A by Don Bright
SINCE YOU ASKED
Confused about some aspect of trading? Professional trader Don Bright of Bright Trading (www.stocktrading.com), an equity trading corporation, answers a few of your questions. To submit a question, post your question to our website at http:// Message-Boards.Traders.com. Answers will be posted there, and selected questions will appear in future issues of S&C.
ROUND TRIPS
Without the morning play, how many round trips do you execute in a day? I’m just trying to get a rough estimate for what I should be trading. Thanks for your help — Chris Bushell
This is really subjective. It ranges from maybe five or six (when I’m really busy doing other things) to 100 or more (usually when I’m a bit stuck and trying\nto get back into profitability). . ."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-10-32-q-a-by-don-bright-20.gif"",""height"":""255"",""width"":""198""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-10-32-q-a-by-don-bright-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-10-32-q-a-by-don-bright-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v213prprwisu,d,"{""minimum-quantity"":""1"",""path"":""ch10o20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:10 (34-40): Predicting Prices With Support And Resistance by Thomas N. Bulkowski"",""caption-linebreaks"":""Predicting Prices With Support And Resistance by Thomas N. Bulkowski
Support and resistance are important chart patterns. Read this to find out why.
I consider support and resistance (SAR) the most important chart patterns. Why? By finding SAR, you can predict how far prices might climb and how far they might fall before you trade. Isn’t that worth something? That’s like a blackjack dealer sneaking a peek at the top card in the deck and telling you to take it because you’ll win. Is he pulling your leg? Does support and resistance work? Let’s find out.
First, some definitions. Support occurs when increased demand for a security builds a floor under prices. A support level or zone appears when buyers miss purchasing a stock and vow to buy it should prices decline to the same, or nearly the same, level."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-10-34-40-predicting-prices-with-support-and-resistance-by-thomas-n-bulkowski-21.gif"",""height"":""255"",""width"":""198""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-10-34-40-predicting-prices-with-support-and-resistance-by-thomas-n-bulkowski-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-10-34-40-predicting-prices-with-support-and-resistance-by-thomas-n-bulkowski-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v214secoofon,d,"{""minimum-quantity"":""1"",""path"":""ch10o20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:10 (42-49): Serial Correlation Of One Rank by Norman J. Brown"",""caption-linebreaks"":""Serial Correlation Of One Rank by Norman J. Brown
The one rank mutual fund switching technique is further enhanced using correlation.
In two earlier articles, I demonstrated that the “one rank” (OR) switching technique depends on a low-value (less than 63) switching rate (S/Y), which in turn implies a longer than random up/down day streak period (more than four days). Here, I will investigate the methodology\nfurther, exploring enhanced streak periods using a well-known statistical method called correlation, implemented using Pearson’s correlation coefficient, r (details are in the sidebar, “Calculating offset correlation, Osc1”).
Estimating the magnitude of the OR performance required some simple equations that were developed to calculate the net up days captured from the yearly fund days (252). The average yearly up-day return was essentially equal to the average yearly down-day return; thus, a simple difference of days sufficed to calculate the resulting buy and hold (BH) or OR return."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-10-42-49-serial-correlation-of-one-rank-by-norman-j-brown-21.gif"",""height"":""255"",""width"":""198""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-10-42-49-serial-correlation-of-one-rank-by-norman-j-brown-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-10-42-49-serial-correlation-of-one-rank-by-norman-j-brown-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v214sicaofco,d,"{""minimum-quantity"":""1"",""path"":""ch10o20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:10 (42-49): Sidebar: Calculating Offset Correlation, OSC1 by Norman J. Brown"",""caption-linebreaks"":""Sidebar: Calculating Offset Correlation, OSC1 by Norman J. Brown
The well-known Pearson’s correlation coefficient r relates two series of parameters and yields a measure of the “likeness” of those two series. It can be informative in comparing two mutual funds to see how similar they are to each other. Another way to use r is to compare one fund to itself by entering the rate of change (ROC) of the fund in column X and the same ROC in column Y, delayed one day (dropped down one cell in Excel). Using the Excel “CORREL” command (or for graphs, displaying a trendline) will result in an r coefficient that offers a comparison between the X\nseries and Y series."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-10-42-49-sidebar-calculating-offset-correlation-osc1-by-norman-j-brown-21.gif"",""height"":""255"",""width"":""198""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-10-42-49-sidebar-calculating-offset-correlation-osc1-by-norman-j-brown-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-10-42-49-sidebar-calculating-offset-correlation-osc1-by-norman-j-brown-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v215poprbyda,d,"{""minimum-quantity"":""1"",""path"":""ch10o20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:10 (50-52): Post-Bubble Problems by David Vomund"",""caption-linebreaks"":""Post-Bubble Problems by David Vomund
Identifying these post-bubble problems will help you make appropriate adjustments to your trading system.
For the markets, these are extraordinary times. In the last five years we’ve experienced the largest equity bubble in US history, and also experienced a bear market comparable to the Great Depression. Technical analysis remains valid in the aftermath of the bubble, as market movement is still based on the laws of supply and demand.
The bubble and the ensuing bear market does pose problems to many forms of analysis, however. In this article I will expose three post-bubble problems in technical analysis. After learning about them, I hope you’ll be able to spot these issues in your own analysis and make appropriate adjustments."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-10-50-52-post-bubble-problems-by-david-vomund-21.gif"",""height"":""255"",""width"":""198""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-10-50-52-post-bubble-problems-by-david-vomund-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-10-50-52-post-bubble-problems-by-david-vomund-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v21512exyoop,d,"{""minimum-quantity"":""1"",""path"":""ch10o20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:10 (57, 120): Explore Your Options by Tom Gentile"",""caption-linebreaks"":""Explore Your Options by Tom Gentile
OPEN INTEREST
What is open interest, and is it something I should be concerned about in my analysis of an option?
Open interest is the total number of options contracts for a particular strike that are “open,” both long and short. Open interest is exactly what it sounds like — interest in an option. For the retail trader, there is really no way to know simply by looking at the open interest who is on what side of a trade and whether the trade is retail or institutional. It is also difficult to determine whether a large bump in open interest was in response to a different trade, in which the purchase or sale of the contract was simply a hedge meant for insurance purposes, and will never be “closed” per se."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-10-57-120-explore-your-options-by-tom-gentile-21.gif"",""height"":""255"",""width"":""198""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-10-57-120-explore-your-options-by-tom-gentile-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-10-57-120-explore-your-options-by-tom-gentile-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v215carababy,d,"{""minimum-quantity"":""1"",""path"":""ch10o20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:10 (58-61): Calendar Ratio Backspread by Jeff Neal"",""caption-linebreaks"":""Calendar Ratio Backspread by Jeff Neal
Would you be interested in a trading strategy that has limited risk, unlimited profit potential, is adjustment-friendly, and can profit in a sideways or breakout-type market? Of course you would! Here’s a look at the calendar ratio backspread strategy.
The calendar ratio backspread is an options strategy that can be constructed using either puts or calls, depending on the trader’s directional bias. While the\nstrategy may sound complex, using it is fairly simple.
CALENDAR RATIO BACKSPREAD DEFINED
As the name suggests, the calendar ratio backspread combines a standard ratio backspread and a diagonal options strategy. For example, when using calls, the standard ratio backspread involves purchasing calls with a higher strike price and selling fewer calls with a lower strike price at little or no cost — or even a credit. The ratio of calls purchased to those sold is generally less than 0.67. The most common ratios are 1 to 2 and 2 to 3. This means buying two calls offset by selling one call, or buying three calls against selling two."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-10-58-61-calendar-ratio-backspread-by-jeff-neal-21.gif"",""height"":""255"",""width"":""198""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-10-58-61-calendar-ratio-backspread-by-jeff-neal-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-10-58-61-calendar-ratio-backspread-by-jeff-neal-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v216wefortrs,d,"{""minimum-quantity"":""1"",""path"":""ch10o20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:10 (67): Websites For Traders: StockAlerts.com by Jayanthi Gopalakrishnan"",""caption-linebreaks"":""Websites For Traders: StockAlerts.com by Jayanthi Gopalakrishnan
STOCKALERTS.COM
It’s no surprise that this website is all about stock alerts. But given that just about every site that has something to do with the financial markets usually provides some sort of alert, what makes this site any different? Not much, except that it focuses just on alerts. Those who are interested in following the markets but are unable to keep their eyes glued to their screens during market hours may find the features of this site useful."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-10-67-websites-for-traders-stockalerts-com-by-jayanthi-gopalakrishnan-21.gif"",""height"":""255"",""width"":""198""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-10-67-websites-for-traders-stockalerts-com-by-jayanthi-gopalakrishnan-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-10-67-websites-for-traders-stockalerts-com-by-jayanthi-gopalakrishnan-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v217shfropby,d,"{""minimum-quantity"":""1"",""path"":""ch10o20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:10 (78-81): Shrinking From Opportunity by Adrienne Laris Toghraie"",""caption-linebreaks"":""Shrinking From Opportunity by Adrienne Laris Toghraie
Stretch your comfort zone of predictable patterns and look for your shot at the gold ring.
Opportunity is all around us. True, occasionally it is a challenge to locate it, when conditions have changed or supply has temporarily shrunk and the competition for\nfinite resources has increased. But even in the worst of circumstances, opportunity is always there. Since a trader’s success depends upon finding opportunities and taking advantage of them, a serious problem exists if he or she loses the ability to identify and pursue opportunity.
RECOGNIZING OPPORTUNITY
As time passes, traders often shrink from opportunity. The main reason is that people tend to dislike change. When we are younger, change is frequently linked to fun, excitement, and reward. However, over time, we eventually experience enough pain through change that we come to associate change with pain rather than opportunity. As we age, our brains work harder to keep us in an increasingly smaller comfort zone while protecting us from change and the possible opportunities or pain that come with it."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-10-78-81-shrinking-from-opportunity-by-adrienne-laris-toghraie-20.gif"",""height"":""255"",""width"":""198""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-10-78-81-shrinking-from-opportunity-by-adrienne-laris-toghraie-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-10-78-81-shrinking-from-opportunity-by-adrienne-laris-toghraie-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v218inmamori,d,"{""minimum-quantity"":""1"",""path"":""ch10o20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:10 (82-89): Interview: Managing Money & Risk: Robert Deel by Jayanthi Gopalakrishnan"",""caption-linebreaks"":""Interview: Managing Money & Risk: Robert Deel by Jayanthi Gopalakrishnan
As the founder and CEO of Tradingschool.com, Robert Deel, who is also a trading strategist, author, and widely recognized trading expert, has trained individuals and professional traders from around the world on the subjects of trading psychology, technical analysis, and tactical trading. One of Deel’s training techniques involves his DDRL (direction, discipline, risk, and leverage) equation, which helps traders examine their personal trading abilities and methodologies. The equation pinpoints their individual problem areas in selection, timing, risk, or money management, and it can help them ascertain how much leverage they should use.
Deel, who practiced dentistry early in his professional life, is also a former portfolio manager who once managed millions and acted as the trading strategist and advisor for a firm in California. He appears regularly on television and radio, and is the author of Trading The Plan: Build Wealth, Manage Money, And Control Risk, as well as The Strategic Electronic Day Trader. What can he tell us about risk and money management? STOCKS & COMMODITIES Editor Jayanthi Gopalakrishnan called him on July 30, 2003, to find out."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-10-82-89-interview-managing-money-risk-robert-deel-by-jayanthi-gopalakrishnan-20.gif"",""height"":""255"",""width"":""198""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-10-82-89-interview-managing-money-risk-robert-deel-by-jayanthi-gopalakrishnan-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-10-82-89-interview-managing-money-risk-robert-deel-by-jayanthi-gopalakrishnan-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v219prreseto,d,"{""minimum-quantity"":""1"",""path"":""ch10o20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:10 (90-91): Product Review: Secrets To Becoming A Samurai Trader by David Penn"",""caption-linebreaks"":""Product Review: Secrets To Becoming A Samurai Trader by David Penn
The overall technical picture is just as important as\na single candleline.” This statement may seem like common sense to traders who are not especially familiar with candlestick trading — or who view candlesticks as just another “thing” that some technical traders are “into,” like Andrews’ pitchforks or stochasticRSI. But at first it is a strange sentiment to hear from Steve Nison, author of the books Japanese Candlestick Charting Techniques and Beyond Candlesticks; president of Candlecharts.com (which provides custom seminars, educational products, and\nadvisory services to a retail- and institutional-level clientele), and the man who is widely regarded as having brought the practice of Japanese candlesticks to the chartbooks of Western technical analysts. While there are many others who have sought to make a name for themselves as experts on candlestick charting, a majority of technical traders consider Steve Nison and his work to be both “the alpha and the omega of Japanese candlestick charting."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-10-90-91-product-review-secrets-to-becoming-a-samurai-trader-by-david-penn-20.gif"",""height"":""255"",""width"":""198""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-10-90-91-product-review-secrets-to-becoming-a-samurai-trader-by-david-penn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-10-90-91-product-review-secrets-to-becoming-a-samurai-trader-by-david-penn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v211prremaby,d,"{""minimum-quantity"":""1"",""path"":""ch11n20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:11 (100-102): Product Review: MarketAspects by David Penn"",""caption-linebreaks"":""Product Review: MarketAspects by David Penn
Don’t be fooled by the relative\nbrevity of this review\nof Tradesignals’ new\nproduct, MarketAspects.\nStephen Egan and the team at Tradesignals.com have managed\nto leverage and expand upon the features,\nfunctionality, and design of\nTradeSignal’s popular Java Charts to\ncreate a product that is elegant, simple,\nand straightforward. By adding a\nconfigurable Quote Board module (and\nmaking it possible for analysts and traders\nto move from Quote Board to price\nchart with a simple click of the mouse),\nas well as real-time, streaming data,\nTradesignals has created a strong market\nanalysis tool for both beginning and\nveteran futures and equities traders looking\nfor a powerful, if not overwhelming,\nway to study, understand, and trade\nthe markets."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-11-100-102-product-review-marketaspects-by-david-penn-21.gif"",""height"":""258"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-11-100-102-product-review-marketaspects-by-david-penn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-11-100-102-product-review-marketaspects-by-david-penn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v211trtibyte1,d,"{""minimum-quantity"":""1"",""path"":""ch11n20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:11 (103-113): Traders’ Tips by Technical Analysis, Inc."",""caption-linebreaks"":""Traders’ Tips by Technical Analysis, Inc.
• TRADESTATION: ZIGZAG TREND INDICATOR
Spyros Raftopoulos’s article in this issue, “The Zigzag Trend\nIndicator,” describes a method of deducing trend from reversal\nfilters. In earlier articles, Raftopoulos described methods for\ncharting zigzags, but his zigzag validity indicator only\ndisplayed the “locked” high and low, not the moment when\nthe retracement criteria were met. Raftopoulos’s new zigzag\ntrend indicator, described in this issue, can now display this\npreviously undisplayed information on the chart."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-11-103-113-traders-tips-by-technical-analysis-inc-21.gif"",""height"":""258"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-11-103-113-traders-tips-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-11-103-113-traders-tips-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v211trnostos,d,"{""minimum-quantity"":""1"",""path"":""ch11n20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:11 (113): Traders’ Notes: Stochastic Oscillator by Amy Wu"",""caption-linebreaks"":""Traders’ Notes: Stochastic Oscillator by Amy Wu
• STOCHASTIC OSCILLATOR
While stochastics is the mathematics of randomness, a\nstochastic oscillator compares a security’s price relative to\nits price range over any given time period."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-11-113-traders-notes-stochastic-oscillator-by-amy-wu-21.gif"",""height"":""258"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-11-113-traders-notes-stochastic-oscillator-by-amy-wu-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-11-113-traders-notes-stochastic-oscillator-by-amy-wu-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v21112letosc,d,"{""minimum-quantity"":""1"",""path"":""ch11n20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:11 (12-15, 126): Letters To S&C by Technical Analysis, Inc."",""caption-linebreaks"":""Letters To S&C by Technical Analysis, Inc.
CODE AND TRADERS’ TIPS
Editor,
I read S&C every month. It’s a good\nmagazine with good content and presentation.\nThe only problem I run into is with\nthe Traders’ Tips section of your\nwebsite. When you include the code for,\nsay, TradeStation or MetaStock in an\narticle, the problem is you don’t post it\nto the Traders’ Tips section at your\nwebsite — the tip simply refers us back\nto the article.
...continuded"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-11-12-15-126-letters-to-s-c-by-technical-analysis-inc-21.gif"",""height"":""258"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-11-12-15-126-letters-to-s-c-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-11-12-15-126-letters-to-s-c-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v211bofortrb7,d,"{""minimum-quantity"":""1"",""path"":""ch11n20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:11 (130): Books For Traders by Technical Analysis, Inc."",""caption-linebreaks"":""Books For Traders by Technical Analysis, Inc.
• An Introduction To Technical Analysis
• Candlesticks, Fibonacci, And Chart Pattern\nTrading Tools
• Hidden Financial Risk: Understanding Off-\nBalance Sheet Accounting
• High Performance Options Trading: Option\nVolatility & Pricing Strategies
• Investment Visionaries: Lessons In Creating\nWealth From The World’s Greatest\nRisk Takers
• Option Trading Indicators And Patterns\nFor Increasing Profits
• Trading In The Stillness"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-11-130-books-for-traders-by-technical-analysis-inc-21.gif"",""height"":""258"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-11-130-books-for-traders-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-11-130-books-for-traders-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v211domahape,d,"{""minimum-quantity"":""1"",""path"":""ch11n20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:11 (18-24): Does The Market Have A Personality? by James Kellndorfer"",""caption-linebreaks"":""Does The Market Have A Personality? by James Kellndorfer
Here’s a look at how you can convert the NYSE’s tick\ninto a sentiment indicator using statistical analysis.
Along with the other US stock exchanges,\nthe New York Stock Exchange (NYSE)\nprovides investors with an internal statistic\nof the stock market called the\ntick. This statistic summarizes the number of stocks that are increasing in price versus those\nthat are decreasing in price. But what does this really\nmean and how can you use this information in a\nmeaningful way?
THE TICK
Generally, many view the tick as the amount of\nbuying or selling taking place in the market, but that\nisn’t quite accurate. This is because there’s a seller\nfor every buyer. Both sides are represented simultaneously\nat any given price. This view is accepted in\nthe futures market and is generally referred as a zero\nsum market. But how is a trader to know how much\nsupply remains at any given moment?"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-11-18-24-does-the-market-have-a-personality-by-james-kellndorfer-21.gif"",""height"":""258"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-11-18-24-does-the-market-have-a-personality-by-james-kellndorfer-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-11-18-24-does-the-market-have-a-personality-by-james-kellndorfer-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v212zitrinby,d,"{""minimum-quantity"":""1"",""path"":""ch11n20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:11 (26-32): The Zigzag Trend Indicator by Spyros Raftopoulos"",""caption-linebreaks"":""The Zigzag Trend Indicator by Spyros Raftopoulos
Zigzag is a powerful noise filter, but it’s not without its problems. Here’s a technique that incorporates the power of zigzag into a more valid and tradable indicator.
The popularity and usefulness of the zigzag\nindicator can be ascribed to three important\ncharacteristics. It is an effective noise filter;\nit graphically presents the main trend with\ngreat clarity; and it is still a very low-level\nindicator, in that its final interpretation of price is not filtered through one or more algorithms, but is\nbased upon the price itself.
While these are important advantages, zigzag’s main disadvantage\nis its dynamic nature. The indication of a trend’s\ndirection (provided by the “last leg” of zigzag) is revisable, and can therefore be misleading. Further, the indicator cannot\nbe used in mechanical systems, since the backtesting of such\nsystems should exclude any revisable parameters in order to\nbe valid and accurate. I described the problem of the dynamic\nlast leg in my previous S&C article, “Zigzag Validity.” That\narticle also presented my zigzag validity indicator, which can\nbe used to validate the last leg.
This article introduces the zigzag trend indicator, which\nhandles the dynamic nature of the zigzag indicator more\nefficiently. The zigzag trend approach solves the validity\nproblem of the dynamic last leg by incorporating zigzag into\na clearly tradable indicator."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-11-26-32-the-zigzag-trend-indicator-by-spyros-raftopoulos-21.gif"",""height"":""258"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-11-26-32-the-zigzag-trend-indicator-by-spyros-raftopoulos-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-11-26-32-the-zigzag-trend-indicator-by-spyros-raftopoulos-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v212sizitrzb,d,"{""minimum-quantity"":""1"",""path"":""ch11n20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:11 (27): Sidebar: Zigzag trend (ZZT) by Spyros Raftopoulos"",""caption-linebreaks"":""Sidebar: Zigzag trend (ZZT) by Spyros Raftopoulos
ZIGZAG TREND (ZZT)"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-11-27-sidebar-zigzag-trend-zzt-by-spyros-raftopoulos-21.gif"",""height"":""258"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-11-27-sidebar-zigzag-trend-zzt-by-spyros-raftopoulos-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-11-27-sidebar-zigzag-trend-zzt-by-spyros-raftopoulos-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v213ccitrbyt,d,"{""minimum-quantity"":""1"",""path"":""ch11n20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:11 (34-40): The CCI Trade by Thomas Bulkowski"",""caption-linebreaks"":""The CCI Trade by Thomas Bulkowski
It’s not when you buy but when you sell\nthat counts. These two trades used the\ncommodity channel index as a sell signal.
Many traders will tell\nyou it’s easy to buy a\nstock but difficult to\nsell. When you sell\ndetermines whether\nyou make a profit or a loss. A buy and hold strategy in a\nrising market is a winning strategy\n— until the trend changes. After\nthat, holding on too long leads to\nreduced profits and even losses. So\nwhen do you sell?\nThe easy answer is that you\nshould sell when prices reach their\nmaximum, but determining that\npoint takes skill and luck. I rarely hit the peak, and sometimes don’t even come close. Sometimes,\njust getting out with a profit is a blessing."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-11-34-40-the-cci-trade-by-thomas-bulkowski-21.gif"",""height"":""258"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-11-34-40-the-cci-trade-by-thomas-bulkowski-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-11-34-40-the-cci-trade-by-thomas-bulkowski-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v214catrbyph,d,"{""minimum-quantity"":""1"",""path"":""ch11n20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:11 (42-51): Casino Trading by Phil Abel"",""caption-linebreaks"":""Casino Trading by Phil Abel
The Monte Carlo simulation, a statistical technique used to\nmodel the expected outcomes of a random series of events\nsuch as a casino game, also has valuable applications in the\nevaluation of a systematic trading program.
When you think of a successful trader,\nwhat comes to mind? Chances are you\nconjure up the image of a financial sage\nlike Warren Buffett or George Soros,\nsomeone who can seemingly gaze into a\ncrystal ball and pick out a winner. Or maybe you picture a commodity pit trader, hardened and\nwizened from days spent in battle on the exchange floor.
Now what if I told you a successful trader might have the\nmost in common with a casino manager? How can the proud\nand noble trader possibly lower his self-image to equate it\nwith that of a gambling house? Indeed, the word gambling\nhas a most negative reputation."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-11-42-51-casino-trading-by-phil-abel-21.gif"",""height"":""258"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-11-42-51-casino-trading-by-phil-abel-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-11-42-51-casino-trading-by-phil-abel-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v215sisycoby,d,"{""minimum-quantity"":""1"",""path"":""ch11n20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:11 (50-51): Sidebar: System code by Spyros Raftopoulos"",""caption-linebreaks"":""Sidebar: System code by Spyros Raftopoulos
EASYLANGUAGE SYSTEM CODE"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-11-50-51-sidebar-system-code-by-spyros-raftopoulos-20.gif"",""height"":""258"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-11-50-51-sidebar-system-code-by-spyros-raftopoulos-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-11-50-51-sidebar-system-code-by-spyros-raftopoulos-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v215prfrtiin,d,"{""minimum-quantity"":""1"",""path"":""ch12d20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:11 (58-62): Profiting From The Tick Indicator by James Kellndorfer"",""caption-linebreaks"":""Profiting From The Tick Indicator by James Kellndorfer
Last time, we introduced the tick indicator. This time, here’s\nhow to use the information gleaned from the tick indicator.
The tick indicator contains information about optimism\nor pessimism in the market on any given\nday. If there were a method to smooth these\nvalues and harness the longer-term intermediate\ncycles in the market, there might be even more\nvaluable information hidden within the tick."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-11-58-62-profiting-from-the-tick-indicator-by-james-kellndorfer-20.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-11-58-62-profiting-from-the-tick-indicator-by-james-kellndorfer-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-11-58-62-profiting-from-the-tick-indicator-by-james-kellndorfer-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v216trwiopin,d,"{""minimum-quantity"":""1"",""path"":""ch11n20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:11 (60-65): Trading With Open Interest by John Boere"",""caption-linebreaks"":""Trading With Open Interest by John Boere
Analyzing the open interest of equities\ncan provide insight into the direction of\nthe market. Find out why the expiration\nprice is being manipulated, how it can\nbe calculated, and how you can trade it.
Open interest is the number\nof open contracts\nof a given option series.\nAn open contract\nis one that is not exercised,\nclosed, or expired.\nOne unit of open interest represents\ntwo parties: a buyer (long) and a seller\n(short). Open interest increases when a\nbuyer opens a long position and a seller\nopens a short position at the same time.\nOpen interest decreases when a buyer sells/closes a long position and a seller closes/covers a short position."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-11-60-65-trading-with-open-interest-by-john-boere-20.gif"",""height"":""258"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-11-60-65-trading-with-open-interest-by-john-boere-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-11-60-65-trading-with-open-interest-by-john-boere-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v216intrfuwi,d,"{""minimum-quantity"":""1"",""path"":""ch11n20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:11 (68-77): Interview: Trading Futures With Charles LeBeau by Jayanthi Gopalakrishnan"",""caption-linebreaks"":""Interview: Trading Futures With Charles LeBeau by Jayanthi Gopalakrishnan
Charles LeBeau, who has been trading stocks and futures for more\nthan 40 years (20 years of which was with E.F. Hutton & Co.), is a\nnoted author, lecturer, and system developer and the co-author of\nTechnical Analysis Of The Futures Markets, which is considered a\nclassic of technical analysis. Currently, LeBeau is director of trading\nfor Tan LeBeau LLC (www.tanlebeau.com), where he supervises the\ntrading for a small hedge fund. He also operates an educational\nwebsite for stock and futures traders at www.traderclub.com. STOCKS\n& COMMODITIES Editor Jayanthi Gopalakrishnan called LeBeau on\nSeptember 4, 2003, to chat about futures trading.
How did you first get involved\nin trading?
Back in the early 1960s,\nmy professors at California\nState University, Long Beach, were\nauthors of several best-selling books\nabout trading in the stock market and\nthe commodities market. Their names\nwere Richard Teweles, Charles Harlow,\nand Herbert Stone. I took an investment\nclass from Harlow, and he took a liking\nto me and became my mentor. He was a\nthird-generation commodities trader,\nand he taught me about trading commodities.\nI used to make commodity\ncharts for him using data from The Wall\nStreet Journal. Those simple, handmade\nbar charts and point & figure charts\nwere considered state-of-the-art technical\nanalysis back in those days. I made\nmy first trade in corn on the Chicago\nBoard of Trade in 1963 while I was still\nin college. I made a couple of hundred\ndollars and I was hooked on trading.\nI’ve been doing it ever since."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-11-68-77-interview-trading-futures-with-charles-lebeau-by-jayanthi-gopalakrishnan-20.gif"",""height"":""258"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-11-68-77-interview-trading-futures-with-charles-lebeau-by-jayanthi-gopalakrishnan-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-11-68-77-interview-trading-futures-with-charles-lebeau-by-jayanthi-gopalakrishnan-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v218qabydonb,d,"{""minimum-quantity"":""1"",""path"":""ch11n20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:11 (84): Q&A by Don Bright"",""caption-linebreaks"":""Q&A by Don Bright
TRADING AT THE CLOSE
My interest was piqued after reading\nyour response in the July 2003 S&C\ndetailing the REDIPlus order imbalances\nand how they can be used to trade at the\nclose. Could you please go into a little\nmore detail on how that works? How\ncan I take advantage of those orders,\nsince they are market-on-close/limiton-\nclose? Aren’t these orders executed\ntoo late for a nonprofessional trader to\nutilize for a quick scalpÝ? Thanks for\nyour help."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-11-84-q-a-by-don-bright-20.gif"",""height"":""258"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-11-84-q-a-by-don-bright-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-11-84-q-a-by-don-bright-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v218wefortrt1,d,"{""minimum-quantity"":""1"",""path"":""ch11n20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:11 (86-87): Websites For Traders: Trade-Ideas.com by Jayanthi Gopalakrishnan"",""caption-linebreaks"":""Websites For Traders: Trade-Ideas.com by Jayanthi Gopalakrishnan
TRADE-IDEAS.COM
Looking for trading ideas? Maybe\nwww.Trade-Ideas.com can help. A\nlook at the updating intraday chart on\nthe homepage and the window displaying\nalerts will give you a good\nidea of what this site features (Figure\n1). Whenever a pattern forms on the\nchart, the alert window displays the\npattern and gives a short description.\nThis alert window is the most popular\nfeature on the site."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-11-86-87-websites-for-traders-trade-ideas-com-by-jayanthi-gopalakrishnan-20.gif"",""height"":""258"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-11-86-87-websites-for-traders-trade-ideas-com-by-jayanthi-gopalakrishnan-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-11-86-87-websites-for-traders-trade-ideas-com-by-jayanthi-gopalakrishnan-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v218chmabyda,d,"{""minimum-quantity"":""1"",""path"":""ch11n20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:11 (88-89): Charting The Markets by David Penn"",""caption-linebreaks"":""Charting The Markets by David Penn
MOMENTUM
Momentum… The Big Mo… Is there anything\nin the physical world more exciting\nthan momentum? If you’re going slowly and\nyou gain momentum, you’re going faster. If\nyou’re already going fast and you gain momentum,\nwatch out! Speed may be king, but\nmomentum is what propels unknown political\ncandidates into front-runner status, what\nmakes a team ending the regular season on a\n10-game winning streak a real terror when\nthe playoffs start. If it is true, as Madison\nAvenue would have it, that things go better\nwith Coke, then things go great with Mo."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-11-88-89-charting-the-markets-by-david-penn-20.gif"",""height"":""258"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-11-88-89-charting-the-markets-by-david-penn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-11-88-89-charting-the-markets-by-david-penn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v219exyoopby1,d,"{""minimum-quantity"":""1"",""path"":""ch11n20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:11 (90): Explore Your Options by Tom Gentile"",""caption-linebreaks"":""Explore Your Options by Tom Gentile
VOLATILITY
How do I figure out which strategies\nare best to implement when the volatility\nof the market changes so drastically\nfrom one season to the next?
Fortunately for option traders, volatility\nis your friend, provided you understand\njust what strategies to use.\nThough the duration of each trend can be\ndifficult to predict, periods of high or low\nvolatility can be assessed by looking at a\nchart of the VIX (the volatility index from\nthe Chicago Board Options Exchange) at\nany given time on most charting programs.\nThe VIX has traded in an average\nrange between 20 and 35 since 1997.\nPrior to that, the range was much lower,\ncharacteristic of the economic conditions\nof the underlying markets. (The VIX will\nhave undergone changes after this column\ngoes to press that better reflect market\nsentiment. The true range of 20–35\nmay vary slightly relative to the new\nformulas used to calculate the VIX.)"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-11-90-explore-your-options-by-tom-gentile-20.gif"",""height"":""258"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-11-90-explore-your-options-by-tom-gentile-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-11-90-explore-your-options-by-tom-gentile-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v219fioutabf,d,"{""minimum-quantity"":""1"",""path"":""ch11n20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:11 (92-95): Finding Out About Fractals by Clem Chambers"",""caption-linebreaks"":""Finding Out About Fractals by Clem Chambers
How are fractals related to the financial markets?
Fractals hold a powerful mystique, but few\ntruly understand what a fractal is and how it\nrelates to the market. To most, a fractal is a\nfantastically beautiful graph with curly edges\nthat seems to have a hypnotic grip on the\nviewer. Expressed as images, fractals have an\nalmost-magical charm, while the word itself, coined and\npopularized by scientist and mathematician Benoit\nMandelbrot, has taken on an almost incantation-like property, as though it were a synonym for “abracadabra.”\nYou don’t have to look far to find “fractal” used in ways\nthat have no relation to the original meaning. Buzzword\nbuilders have purloined this revolutionary mathematical concept,\nleaving most of us confused about what it really means."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-11-92-95-finding-out-about-fractals-by-clem-chambers-20.gif"",""height"":""258"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-11-92-95-finding-out-about-fractals-by-clem-chambers-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-11-92-95-finding-out-about-fractals-by-clem-chambers-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v21912bucoby,d,"{""minimum-quantity"":""1"",""path"":""ch11n20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:11 (96-97, 128): Bullish Consensus by David Penn"",""caption-linebreaks"":""Bullish Consensus by David Penn
This enduring sentiment indicator was designed specifically\nfor the futures markets.
“Paradox is one of the deepest and most important secrets\nof life, and … irony is the punishment for not having\nunderstood that.”\n—James Dines, How Investors Can Make Money\nUsing Mass Psychology
During times of confusion in the markets, studies\nof market sentiment tend to become popular.\nThis is probably unfortunate. It is the\nabsence of a clear, distinct trend that forces\nuncertain market players to look away from\ntheir indicators and trendlines, their oscillators,\nand their cycles for something — anything — that can explain\nwhy the markets are acting the way they are. For many traders,\na peek at what the smart money is doing is often an irresistible\nsalve against the confusion of a marketplace that seems incapable\nof making up its mind."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-11-96-97-128-bullish-consensus-by-david-penn-21.gif"",""height"":""258"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-11-96-97-128-bullish-consensus-by-david-penn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-11-96-97-128-bullish-consensus-by-david-penn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v21910prrega,d,"{""minimum-quantity"":""1"",""path"":""ch11n20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:11 (98-99, 102): Product Review: Gann Natural Squares Calculator by Dennis D. Peterson"",""caption-linebreaks"":""Product Review: Gann Natural Squares Calculator by Dennis D. Peterson
The Gann Natural Squares\nCalculator package consists\nof the calculator itself,\nwhich is a 19-inch by\n19-inch Lexan board with three clear heavy plastic disks and a strip\nattached at the center, along with a manual\nand a CD-ROM. When I first saw this\nboard I knew what it was immediately.\nPast STOCKS & COMMODITIES articles\nhave looked at W.D. Gann’s square of\nnineÝ, but its use remained a bit enigmatic.\nActually seeing the calculator was\nneat (Figure 1), and after a look at the\nmaterials it came with, I anticipated some\ninteresting explorations."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-11-98-99-102-product-review-gann-natural-squares-calculator-by-dennis-d-peterson-21.gif"",""height"":""258"",""width"":""199""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-11-98-99-102-product-review-gann-natural-squares-calculator-by-dennis-d-peterson-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-11-98-99-102-product-review-gann-natural-squares-calculator-by-dennis-d-peterson-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v21112letosc1,d,"{""minimum-quantity"":""1"",""path"":""ch12d20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:12 (10, 12-13): Letters To S&C by Technical Analysis, Inc."",""caption-linebreaks"":""Letters To S&C by Technical Analysis, Inc.
REGULARIZATION
Editor,
The concept of “Regularization” presented\nin the July 2003 S&C seems to be\nvery new to the field of technical analysis\nand is interesting because, it says, it\ncan solve the two main problems of any\nindicator: smoothing and lag. Can you\nrefer me to any books or websites where\nI might learn more about this?
GOMU VETRIVEL\nChennai, India"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-12-10-12-13-letters-to-s-c-by-technical-analysis-inc-20.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-12-10-12-13-letters-to-s-c-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-12-10-12-13-letters-to-s-c-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v211trrefobr,d,"{""minimum-quantity"":""1"",""path"":""ch12d20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:12 (112-113): Traders Resource: Forex Brokerages by Technical Analysis, Inc."",""caption-linebreaks"":""Traders Resource: Forex Brokerages by Technical Analysis, Inc.
Foreign exchange traders have\nmore choices than ever in their\nongoing search for speed, pricing\nefficiency, and good accounting\nwhen it comes to forex\nbrokerages. First, you must find\na forex brokerage that handles\nyour particular currency tradable;\nfull-service brokerages\ndealing with equities, options, futures, bonds, mutual funds, and cash goods are\nusually full-priced as well. A little research, however, will get you a forex brokerage targeted on your currency\nof interest."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-12-112-113-traders-resource-forex-brokerages-by-technical-analysis-inc-21.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-12-112-113-traders-resource-forex-brokerages-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-12-112-113-traders-resource-forex-brokerages-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v211bofortrb8,d,"{""minimum-quantity"":""1"",""path"":""ch12d20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:12 (122): Books For Traders by Technical Analysis, Inc."",""caption-linebreaks"":""Books For Traders by Technical Analysis, Inc.
• Everything You Know About Investing Is\nWrong
• Money Changes Everything: How Global\nProsperity Is Reshaping Our Needs, Values,\nand Lifestyles
• DIY Portfolio Management
• Financial Fine Print:\nUncovering A\nCompany’s True Value
• Financially Fearless By\n40: Practical Advice For\nThe Smart, Successful,\nAnd Financially Clueless
• Wall Street: The Markets,\nMechanisms And Players
• Guide To Economic\nIndicators: Making\nSense Of Economics,\n5th Ed.
• The Ultimate Book On Stock Market Timing:\nGeocosmic Correlations To Trading Cycles
• Power Tools For Traders: Computerized\nTechniques To Profit In The Stock Market"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-12-122-books-for-traders-by-technical-analysis-inc-20.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-12-122-books-for-traders-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-12-122-books-for-traders-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v211trinfotr,d,"{""minimum-quantity"":""1"",""path"":""ch12d20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:12 (14-24): Trading In The Forex Trenches by Matt Blackman"",""caption-linebreaks"":""Trading In The Forex Trenches by Matt Blackman
Foreign exchange markets offer\ngreat liquidity, are less prone to\nbeing pushed around by major\nmarket players, and adhere to\ntechnical trading rules more closely\nthan equity markets. So why aren’t\nthey more popular with traders? A\nseasoned forex trader provides us\nwith a view from the inside,\nincluding some of his favorite\ntrading strategies.
Experienced traders often\nremark that the foreign\nexchange markets\nare a technician’s\ndelight, as they adhere\nmore closely to the technical indicators\nthan other securities. There is\nless random noise (that is, volatility) in the forex\nmarkets, and trends there are generally of the longterm\nnature."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-12-14-24-trading-in-the-forex-trenches-by-matt-blackman-20.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-12-14-24-trading-in-the-forex-trenches-by-matt-blackman-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-12-14-24-trading-in-the-forex-trenches-by-matt-blackman-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v212idbechpa,d,"{""minimum-quantity"":""1"",""path"":""ch12d20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:12 (26-32): Identifying Bearish Chart Patterns (I) by Thomas N. Bulkowski"",""caption-linebreaks"":""Identifying Bearish Chart Patterns (I) by Thomas N. Bulkowski
Bearish chart patterns form at the top of a\nbear market. What do they look like?
Since March 2003, the market\nhas been trending upward.\nAs I write this in August\n2003, I’m starting to see bearish\nchart patterns dotting the\nstock market landscape like\nstorm clouds brewing. What should you know\nabout bearish chart patterns? This two-part\narticle takes a close look at them."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-12-26-32-identifying-bearish-chart-patterns-i-by-thomas-n-bulkowski-21.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-12-26-32-identifying-bearish-chart-patterns-i-by-thomas-n-bulkowski-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-12-26-32-identifying-bearish-chart-patterns-i-by-thomas-n-bulkowski-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v214quusopch,d,"{""minimum-quantity"":""1"",""path"":""ch12d20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:12 (41): Quick-Scans: Using Option Charts To Boost Trading Profits by Dennis D. Peterson"",""caption-linebreaks"":""Quick-Scans: Using Option Charts To Boost Trading Profits by Dennis D. Peterson
This product is a videotaped presentation\nof a seminar led by options expert\nPrice Headley, in front of an audience of\n30-some people. You can download\nmost of the charts used in the presentation\nby going to the Traders’ Library\nwebsite. The camera skills used are reasonably\ngood, with the camera focusing\non the screen when Headley is pointing\nout something on the screen. I did, however,\nsometimes find it difficult to see\nthe pointer on the screen, which led me\nto miss specific patterns or conditions\nthat were being identified."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-12-41-quick-scans-using-option-charts-to-boost-trading-profits-by-dennis-d-peterson-21.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-12-41-quick-scans-using-option-charts-to-boost-trading-profits-by-dennis-d-peterson-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-12-41-quick-scans-using-option-charts-to-boost-trading-profits-by-dennis-d-peterson-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v214dibibygi,d,"{""minimum-quantity"":""1"",""path"":""ch12d20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:12 (42-51): Divergence Bias by Giorgos Siligardos"",""caption-linebreaks"":""Divergence Bias by Giorgos Siligardos
Did you know that classical momentum and trend indicators\nhave a bias in forming divergences?
One of the most common, elementary concepts\nin technical analysis is that of momentum.\nMost books on technical analysis have a\nreference, a section, or a few paragraphs\ndevoted to it; however, no work has been published discussing\nwhether the various momentum indicators incorporate a\nbias in forming divergences from the price. Until now."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-12-42-51-divergence-bias-by-giorgos-siligardos-20.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-12-42-51-divergence-bias-by-giorgos-siligardos-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-12-42-51-divergence-bias-by-giorgos-siligardos-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v214sidibiby,d,"{""minimum-quantity"":""1"",""path"":""ch12d20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:12 (42-51): Sidebar: Divergence Bias by Giorgos Siligardos"",""caption-linebreaks"":""Sidebar: Divergence Bias by Giorgos Siligardos
MATHEMATICAL STUDY\nOF BOTTOM DIVERGENCE\nBIAS FOR MOMENTUM INDICATORS
Sidebar Figure 1 depicts\na case (case 1) where the\nprice forms consecutive\nlower bottoms at a and b.\nMOM(n) and fracMOM(n)\nalso form bottoms at the\nsame time, but\nfracMOM(n) diverges\nfrom the price at the bottoms,\nwhereas MOM(n)\ndoes not."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-12-42-51-sidebar-divergence-bias-by-giorgos-siligardos-21.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-12-42-51-sidebar-divergence-bias-by-giorgos-siligardos-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-12-42-51-sidebar-divergence-bias-by-giorgos-siligardos-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v215qabydonb,d,"{""minimum-quantity"":""1"",""path"":""ch12d20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:12 (52): QA by Don Bright"",""caption-linebreaks"":""QA by Don Bright
Is it possible to know when the specialist\nis bidding and offering stock during the\nday, aside from the opening or closing?
In the book Day Trade Online by Christopher\nFarrell, he suggests that you can\nidentify when the specialist is bidding\nand offering by looking at the bid and ask\nsize."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-12-52-qa-by-don-bright-20.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-12-52-qa-by-don-bright-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-12-52-qa-by-don-bright-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v216chmabyda1,d,"{""minimum-quantity"":""1"",""path"":""ch12d20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:12 (63-64): Charting The Market by David Penn"",""caption-linebreaks"":""Charting The Market by David Penn
MOVING AVERAGES
If trendlines are the first thing that most\ntraders and technical analysts learn to do\nwith a chart, moving averages are perhaps a\nclose second. Rereading swing trader Dave\nLandry’s commentary about a moving average\n–based trading system he developed\nback in the mid-1990s, I saw one concise\nexplanation of why — in a world of ever\nmore complex approaches to trading the\nmarkets — moving averages continue to\nmatter: ...continuded"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-12-63-64-charting-the-market-by-david-penn-21.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-12-63-64-charting-the-market-by-david-penn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-12-63-64-charting-the-market-by-david-penn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v216trprswby,d,"{""minimum-quantity"":""1"",""path"":""ch12d20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:12 (68-70): Trade The Price Swings by Barbara Star, Ph.D."",""caption-linebreaks"":""Trade The Price Swings by Barbara Star, Ph.D.
You can use this method to identify shortterm\nprice reversals.
n the futures markets, timing\nis critical. The ability to\nrecognize price shifts\nquickly is not only a desirable\ntrait; it is a crucial trading\nskill. Traders need technical indicators\nthat can keep pace with market conditions\nand alert them to possible changes.\nHere’s a low-lag indicator that identifies\nshort-term price reversals and suggests a\nfew trading strategies."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-12-68-70-trade-the-price-swings-by-barbara-star-ph-d-21.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-12-68-70-trade-the-price-swings-by-barbara-star-ph-d-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-12-68-70-trade-the-price-swings-by-barbara-star-ph-d-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v217exyoopby1,d,"{""minimum-quantity"":""1"",""path"":""ch12d20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:12 (71): Explore Your Options by Tom Gentile"",""caption-linebreaks"":""Explore Your Options by Tom Gentile
AULD LANG VIX
What happened to the “old” VIX?\nCan I still use that index to measure\nvolatility?
Absolutely. The old VIX (the CBOE’s\nmarket volatility index) used a series of\noptions from the Standard & Poor’s\n100 index as a gauge of market volatility.\nToday, the symbol for the volatility\nindex on the S&P 100 is $VXO, but I\nrecommend adopting the “new” VIX\n($VIX) as your primary market volatility\nindicator."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-12-71-explore-your-options-by-tom-gentile-20.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-12-71-explore-your-options-by-tom-gentile-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-12-71-explore-your-options-by-tom-gentile-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v217inunfoma,d,"{""minimum-quantity"":""1"",""path"":""ch12d20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:12 (72-80): Interview: Understanding The Forex Market with P. Gotthelf by J. Gopalakrishnan"",""caption-linebreaks"":""Interview: Understanding The Forex Market with P. Gotthelf by J. Gopalakrishnan
Philip Gotthelf, the publisher of the COMMODEX System, the oldest\ndaily futures trading system published, and Commodity Futures\nForecast Service, which has been in existence since 1956, is also the\npresident of EQUIDEX Inc., a registered commodity trading advisor,\nand EQUIDEX Brokerage Group, a registered Introducing Broker.\nHe is known for his extensive work in the futures industry and is the\nson of Edward B. Gotthelf, developer of the COMMODEX trading\nmethods.
Philip Gotthelf has earned a reputation for uncanny accuracy\nthrough the years concerning the markets. Among his notable\nforecasts have been the October 1987 market correction, currency\npredictions since such futures opened for trading in 1972, and exact\ncalls on tops and bottoms in meats, grains, sugar, precious metals,\nand coffee.
Gotthelf’s computer applications have been used by major firms\nfor developing proprietary trading models and hedging programs.\nBoth the COMMODEX System and the Commodity Futures Forecast\nService are known for being among the first to successfully track\nfinancial futures, stock indices, and energy markets.
Gotthelf is the author of Currency Trading: How To Access And\nTrade The World’s Biggest Market, published by John Wiley &\nSons, in which he provides the background and techniques for\ntrading foreign exchange through the Interbank or using futures\nand related options. STOCKS & COMMODITIES Editor Jayanthi\nGopalakrishnan spoke with Gotthelf in a telephone interview on\nOctober 7, 2003."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-12-72-80-interview-understanding-the-forex-market-with-p-gotthelf-by-j-gopalakrishnan-20.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-12-72-80-interview-understanding-the-forex-market-with-p-gotthelf-by-j-gopalakrishnan-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-12-72-80-interview-understanding-the-forex-market-with-p-gotthelf-by-j-gopalakrishnan-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v217siunfoma,d,"{""minimum-quantity"":""1"",""path"":""ch12d20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:12 (72-80): Sidebar: Understanding The Forex Market with P. Gotthelf by J. Gopalakrishnan"",""caption-linebreaks"":""Sidebar: Understanding The Forex Market with P. Gotthelf by J. Gopalakrishnan
THE RISE AND INTERVENTION OF THE YEN"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-12-72-80-sidebar-understanding-the-forex-market-with-p-gotthelf-by-j-gopalakrishnan-20.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-12-72-80-sidebar-understanding-the-forex-market-with-p-gotthelf-by-j-gopalakrishnan-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-12-72-80-sidebar-understanding-the-forex-market-with-p-gotthelf-by-j-gopalakrishnan-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v218wefortrt2,d,"{""minimum-quantity"":""1"",""path"":""ch12d20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:12 (81,83): Websites For Traders: TheBullionDesk.com by Bruce R. Faber"",""caption-linebreaks"":""Websites For Traders: TheBullionDesk.com by Bruce R. Faber'
THEBULLIONDESK.COM
Ross Norman, Dominic Hall, and John\nFairley, three former members of the London\nBullion Market, founded The Bullion\nDesk (TBD) in October 1999. They wanted\nTBD to be the “definitive online resource for\nlive precious metals information and services.”\nWhat they have become is a precious\nmetals service company driven by information\ntechnology and specializing in providing\ninformation, market intelligence, and\nassociated products and services."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-12-81-83-websites-for-traders-thebulliondesk-com-by-bruce-r-faber-21.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-12-81-83-websites-for-traders-thebulliondesk-com-by-bruce-r-faber-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-12-81-83-websites-for-traders-thebulliondesk-com-by-bruce-r-faber-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v218moavcoma,d,"{""minimum-quantity"":""1"",""path"":""ch12d20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:12 (82-83): Moving Average Computations, Made Easier by John F. Ehlers"",""caption-linebreaks"":""Moving Average Computations, Made Easier by John F. Ehlers
Presenting programming tricks to simplify coding indicators\nand strategies.
A simple moving average of length N is computed\nby adding N values and dividing the\nsum by N. The process is repeated on a barby-\nbar basis. What could be easier? While\nconceptually simple, coding for long moving\naverages can quickly become wearisome\nbecause there are so many terms."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-12-82-83-moving-average-computations-made-easier-by-john-f-ehlers-21.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-12-82-83-moving-average-computations-made-easier-by-john-f-ehlers-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-12-82-83-moving-average-computations-made-easier-by-john-f-ehlers-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v21891wefort,d,"{""minimum-quantity"":""1"",""path"":""ch12d20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:12 (86, 91): Websites For Traders: Forex-City.com by David Penn"",""caption-linebreaks"":""Websites For Traders: Forex-City.com by David Penn
FOREX-CITY.COM
Forex and foreign exchange trading have\nbeen the “in” thing among many traders\nover the past few years. Some of this is\ncertainly due to initiatives on the part of\nforex trading brokerages to make forex\ntrading easier and less expensive for\naverage retail traders likely to be burned\nout by the expense (commissions, margin\nrates) and hassle (uptick rules on\nshorting) of daytrading stocks."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-12-86-91-websites-for-traders-forex-city-com-by-david-penn-21.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-12-86-91-websites-for-traders-forex-city-com-by-david-penn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-12-86-91-websites-for-traders-forex-city-com-by-david-penn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v218prrenetr,d,"{""minimum-quantity"":""1"",""path"":""ch12d20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:12 (87-91): Product Review: Neuroshell Trader Version 4.2 by Dennis D. Peterson"",""caption-linebreaks"":""Product Review: Neuroshell Trader Version 4.2 by Dennis D. Peterson
When\nyou start reviewing\nan excellent product\nyou can generally\ntell immediately, and\nso it was with Ward Systems’ NeuroShell Trader."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-12-87-91-product-review-neuroshell-trader-version-4-2-by-dennis-d-peterson-20.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-12-87-91-product-review-neuroshell-trader-version-4-2-by-dennis-d-peterson-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-12-87-91-product-review-neuroshell-trader-version-4-2-by-dennis-d-peterson-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v219inrebyda,d,"{""minimum-quantity"":""1"",""path"":""ch12d20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:12 (92-93 ): Intermarket Review by David Penn"",""caption-linebreaks"":""Intermarket Review by David Penn
BRAZIL FUND (BZF)
The Brazil Fund is a closed-end fund traded\non the New York Stock Exchange. The\nfund is advised by Deutsche Investment\nManagement (Americas) Inc., and has been\nin existence since April 1988. With total\nnet assets in excess of $220 million, the\nBrazil Fund includes holdings in such\nBrazilian companies as Companhia de\nBebidas das Americas (breweries and distilleries),\nBanco Itau Holding Financeira\nSA (banks), and Petróleo Brasileiro SA\n(oil, gas, petrochemicals)."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-12-92-93-intermarket-review-by-david-penn-20.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-12-92-93-intermarket-review-by-david-penn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-12-92-93-intermarket-review-by-david-penn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v219wefortrf,d,"{""minimum-quantity"":""1"",""path"":""ch12d20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:12 (94-95): Websites For Traders: FuturesRef.com by David Penn"",""caption-linebreaks"":""Websites For Traders: FuturesRef.com by David Penn
FUTURESREF.COM
Was there anything cooler in the financial\nworld in the 1970s than being a\nfutures trader? Rampant inflation fueled\nmanias in commodities from soybeans\nin 1973 and sugar in 1974 to\norange juice in 1977 and silver in 1979."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-12-94-95-websites-for-traders-futuresref-com-by-david-penn-21.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-12-94-95-websites-for-traders-futuresref-com-by-david-penn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-12-94-95-websites-for-traders-futuresref-com-by-david-penn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v219trtibyte3,d,"{""minimum-quantity"":""1"",""path"":""ch12d20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:12 (96-111): Traders’ Tips by Technical Analysis, Inc."",""caption-linebreaks"":""Traders’ Tips by Technical Analysis, Inc.
• TRADESTATION: DIVERGENCE BIAS
Giorgos Siligardos’ article “Divergence Bias” describes\nalternative methods of calculating two of the most popular\ntrend indicators, momentum and moving average convergence/\ndivergence (MACD). The two indicators from his article are\npresented here as fractional momentum and fractional MACD.\nThe code for both indicators is provided here. All four\nindicators are shown in Figure 1. In addition, the built-in zigzag%\nindicator is used on the price plot to show an idealized\ntrading pattern."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-12-96-111-traders-tips-by-technical-analysis-inc-21.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-12-96-111-traders-tips-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-12-96-111-traders-tips-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v214womocrhe,d,"{""minimum-quantity"":""1"",""path"":""ch13bis"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:13 (41-44): Working Money: The Critical Head & Shoulders Test by Matt Blackman"",""caption-linebreaks"":""Working Money: The Critical Head & Shoulders Test by Matt Blackman
One of the most reliable chart patterns is the venerable head and shoulders. The markets are set to put this technical mainstay to the test once more. If it passes, the bears will roar. If it fails, get ready for a stampede\nof the bulls. Either way, is it something you can afford to ignore?
As rallies go, the latest [October–November 2002] has been most interesting, if only because it has attracted\nthe loudest calls of a bottom from market professionals. But it is the sixth rally since the current bear market officially began in March 2000, and each has been called “the” bottom by a fair share of experts.\nWith all the talk of a turning point, few appear to have noticed that markets are at a pivotal juncture. Even fewer seem to be aware that a number of major indexes are giving the same signals at similar relative\nresistance levels, which will test the resolve of the current rally. Like Punxsutawney Phil on Groundhog Day, the markets’ reactions to this event will provide valuable insight into whether there will be six more years of bearish winter or if spring and the bulls are just around the corner.
YOUR FRIEND IN TREND
The markets have been in a downtrend since mid- to late 2000. Much has been written about how to identify trends, but if you are unsure, the best way to see them is to ask an eight year-old. Put a chart in front of a youngster and ask him or her which way the stock is heading. They get it right every time. So if identifying a trend is so easy, why do so many investors continue to go long in a downtrend? Maybe they don’t know any children. It’s also amazing how many experts on financial programs don’t seem to know any second graders, because they continue to advise averaging down or trying to pick a bottom in equities that are obviously headed for the basement."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-13-41-44-working-money-the-critical-head-shoulders-test-by-matt-blackman-21.gif"",""height"":""273"",""width"":""213""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-13-41-44-working-money-the-critical-head-shoulders-test-by-matt-blackman-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-13-41-44-working-money-the-critical-head-shoulders-test-by-matt-blackman-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v217prreveby,d,"{""minimum-quantity"":""1"",""path"":""ch6j20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:3 (70-76): Product Review: VectorVest by Leslie N. Masonson"",""caption-linebreaks"":""Product Review: VectorVest by Leslie N. Masonson
Bart A. DiLiddo is the developer\nof VectorVest\nsoftware, which was first\noffered to the public in\n1995. Over the years the\noriginal software has been enhanced,\nculminating in the latest version (6.0).\nA product review of the prior release\n(5.0) was published in the September\n2000 STOCKS & COMMODITIES.
VectorVest is a comprehensive, logically\nlaid out, and easy-to-use end-ofday\nonline software program that provides\nbuy, sell, and hold recommendations\non 7,662 stocks. Also provided\nare similar recommendations on the\npopular indexes, industry groups, and\nsectors, as well as the more recently\navailable exchange-traded funds\n(ETFs). Mutual funds and other types\nof investment vehicles are not monitored\nby this system. ProGraphics 6.0\nand the new online version are nearly\nidentical, but the huge database of stock\ninformation resides on your hard drive\nfor ProGraphics, and on the VectorVest\nsite for the online version."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-3-70-76-product-review-vectorvest-by-leslie-n-masonson-20.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-3-70-76-product-review-vectorvest-by-leslie-n-masonson-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-3-70-76-product-review-vectorvest-by-leslie-n-masonson-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v211prreknby,d,"{""minimum-quantity"":""1"",""path"":""ch4a20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:4 (102-104): Product Review: Knobias by Dennis D. Peterson"",""caption-linebreaks"":""Product Review: Knobias by Dennis D. Peterson
Knobias.com, which derives\nits name from the\nwords “unbiased knowledge,”\nis a website that\nfeatures filtered news using 75-plus\nnews services with six filter categories\nand fundamental data on US-traded companies.\nIn addition, they provide Level\nII windows, market summaries, realtime\nquotes, charts, and some portfolio\nmanagement. Because the service is run\nentirely from the website, the only items\nyou need are an Internet connection and\na user name/password."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-4-102-104-product-review-knobias-by-dennis-d-peterson-20.gif"",""height"":""268"",""width"":""209""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-4-102-104-product-review-knobias-by-dennis-d-peterson-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-4-102-104-product-review-knobias-by-dennis-d-peterson-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v211bofortrb,d,"{""minimum-quantity"":""1"",""path"":""ch4a20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:4 (126): Books For Traders by Technical Analysis, Inc."",""caption-linebreaks"":""Books For Traders by Technical Analysis, Inc.
How The Bond Market Works,\nThird Edition
Global Asset Allocation: New Methods And\nApplications
NASDAQ: A History Of The Market That\nChanged The World
Professional Electronic Trading
Stocks For The Long Run, Third Edition
Trading The Moves: Consistent Gains In All\nMarkets
Wall Street People, Vol. 2: True Stories Of The\nGreat Barons Of Finance"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-4-126-books-for-traders-by-technical-analysis-inc-20.gif"",""height"":""268"",""width"":""209""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-4-126-books-for-traders-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-4-126-books-for-traders-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
stcov211leto2,d,"{""minimum-quantity"":""1"",""path"":""ch4a20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:4 (14-18): Letters To S&C by Technical Analysis, Inc."",""caption-linebreaks"":""Letters To S&C by Technical Analysis, Inc.
HURRIED USER
Editor,
For non-US residents or\njust a plain hurried user,\nwould you consider offering\na subscription to\nyour magazine by e-mail?\nY.M.M., via e-mail
While Technical Analysis of STOCKS &\nCOMMODITIES, The Traders’ Magazine,\nis primarily a print publication, we do\noffer two online publications that may\ninterest you. Here’s an overview of those\npublications:
Working Money, The Investors’\nMagazine, offers new articles online\nweekly. Articles range in topics from\ntechnical analysis to the gold market to\nbuy-and-hold investing. Our second\nonline publication, Traders.com Advantage,\noffers articles daily that apply\ntechnical analysis to current market\nmovements.
A sampling of current articles for all\nthree publications can be seen on our\nhomepage at Traders.com. Subscription\npricing and information can be viewed\nby clicking on any of the three magazine\nlogos at the top of each column.
As for STOCKS & COMMODITIES, many\nof the regular sections in each issue,\nsuch as Traders’ Tips and website reviews,\nare posted online each month, as\nare abstracts of all S&C articles.\nWe hope one of our online publication\noptions will suit your needs.—Editor"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-4-14-18-letters-to-s-c-by-technical-analysis-inc-20.gif"",""height"":""268"",""width"":""209""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-4-14-18-letters-to-s-c-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-4-14-18-letters-to-s-c-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v212afofbuby,d,"{""minimum-quantity"":""1"",""path"":""ch4a20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:4 (20-24): Aftermath Of The Bubble by Phil Abel"",""caption-linebreaks"":""Aftermath Of The Bubble by Phil Abel
The Internet mania of 1999–\n2000 caused tremendous price\nmovements in many securities.\nAs you develop and test\nthe long-term viability of new\ntrading models, you must be\nable to discount the effects of\nsuch extraordinary events.
The speculative\nmarket bubble of\n1999–2000 made\nand broke many\nfortunes, sometimes\nwithin a day. Stocks that were even remotely\nconnected with the Internet\nwitnessed enormous growth\nand subsequent markdown of\nshare prices. Companies with\nno real business models or history\ncould float multibilliondollar\ninitial public offerings\n(IPOs) that doubled or tripled\nin price on their first day of\ntrading.
During the bubble, virtually\nany trend-following trading\nsystem would have captured\nsubstantial profits. These days,\nyou must face the reality of\ntrading in a much more cautious\nmarket. However, recent\nprice data has been “tainted”\nwith the effects of the Internet\nbubble. Now, you cannot simply\ntest your new trading models\nover three or four years of\nrecent data and then assume\nyou will make a mint in the future because the model did extraordinarily well in 1999."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-4-20-24-aftermath-of-the-bubble-by-phil-abel-20.gif"",""height"":""268"",""width"":""209""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-4-20-24-aftermath-of-the-bubble-by-phil-abel-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-4-20-24-aftermath-of-the-bubble-by-phil-abel-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v212debrbyma,d,"{""minimum-quantity"":""1"",""path"":""ch4a20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:4 (26-38): Detecting Breakouts by Markos Katsanos"",""caption-linebreaks"":""Detecting Breakouts by Markos Katsanos
The finite volume elements (FVE) indicator is yet\nanother money flow indicator — but it takes into\naccount both intra- and interday price action.
Most technical analysts underestimate\nvolume indicators in favor of pricebased\nindicators or price pattern recognition.\nVolume often leads price,\nand volume indicators can predict this price change by observing the delicate balance of\nsupply and demand in the never-ending battle between\nbuyers and sellers, bulls and bears. To help\nanalyze crowd psychology and profit from subsequent\nprice moves, I created the finite volume elements\n(FVE) indicator.
VOLUME-BASED INDICATORS
Money flow, accumulation/distribution, and balance\nof power are all terms synonymous with volumebased\nindicators. I have been using volume indicators\nfor some time as my prime tools in making\ntrading decisions, and I’ve found that divergences\nbetween volume and price are often the only clues to\nimportant reversals.\nVolume indicators use intraday (the relation of the\nclose to the midpoint of the day) or interday (today’s\nprice relative to yesterday’s) price action to calculate\nwhether money is flowing in or out of a security. The\nbest-known intraday money flow indicators include\nMarc Chaikin’s money flow index (CMF), David\nBostian’s intraday intensity, and Williams’ accumulation/\ndistribution. These all ignore the stock’s price\nchange relative to the past, but calculate accumulation\nor distribution according to the relation between\nthe closing price and the midpoint (Chaikin and Bostian) or the open (Williams) of the day.
On the other hand, the best-known money flow\nindicators that use interday price changes are onbalance\nvolume (OBV), David Markstein’s volumeprice\ntrend, and the money flow index (MFI), which\nis a volume-weighted relative strength index (RSI)."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-4-26-38-detecting-breakouts-by-markos-katsanos-20.gif"",""height"":""268"",""width"":""209""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-4-26-38-detecting-breakouts-by-markos-katsanos-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-4-26-38-detecting-breakouts-by-markos-katsanos-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v212sicafveb,d,"{""minimum-quantity"":""1"",""path"":""ch4a20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:4 (28-29): Sidebar: Calculating FVE by Markos Katsanos"",""caption-linebreaks"":""Sidebar: Calculating FVE by Markos Katsanos
CALCULATING FVE
FVE is calculated by adding +V or subtracting -V from a\nrunning total of volume for the finite time element chosen\n(days, bars, weeks, and so on) according to whether...continuded"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-4-28-29-sidebar-calculating-fve-by-markos-katsanos-20.gif"",""height"":""268"",""width"":""209""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-4-28-29-sidebar-calculating-fve-by-markos-katsanos-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-4-28-29-sidebar-calculating-fve-by-markos-katsanos-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v214buchpaby,d,"{""minimum-quantity"":""1"",""path"":""ch4a20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:4 (40-48): Bullish Chart Patterns by Thomas Bulkowski"",""caption-linebreaks"":""Bullish Chart Patterns by Thomas Bulkowski
Can you recognize bullish patterns\nwhen they appear? Find out what\nthey look like here.
One day, the market\nwill find a bottom\nand start building a\nbase from which to\nlaunch another bull\nmarket. Will your market. Will your\ntrading missiles be ready? How will\nyou know when the time comes to turn\nthe key and start buying again? One\nway is to look for bullish chart patterns\nand trade them, cautiously, when they\nappear. What should you look for? To\nanswer that, let’s look at some of the\nmore common chart patterns.
BROADENING BOTTOMS
Figure 1 shows a good example of\nwhat I call a broadening bottom. If\nyou are familiar with broadening tops\n(see November–December 1996),\nbottoms are just the same, except\nthat prices enter the formation after a\ndowntrend. If the general market is\nat a turning point (from down to up),\nprices should reverse course and exit\nat the top of the chart pattern, but\nthere is no guarantee of that. More\nthan half the time (58%), the pattern\nacts as a reversal of the prevailing\nprice trend. Still, 58% is only a slight\nimprovement on randomness, so be\nsure to wait for the breakout."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-4-40-48-bullish-chart-patterns-by-thomas-bulkowski-20.gif"",""height"":""268"",""width"":""209""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-4-40-48-bullish-chart-patterns-by-thomas-bulkowski-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-4-40-48-bullish-chart-patterns-by-thomas-bulkowski-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v215spsystpo,d,"{""minimum-quantity"":""1"",""path"":""ch4a20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:4 (50-54): Split Synthetic Stock Positions by Roger Ison, Ph.D."",""caption-linebreaks"":""Split Synthetic Stock Positions by Roger Ison, Ph.D.
Use this flexible but little-known strategy to buy stock\ninexpensively, deploy cash more effectively, and diversify your\nportfolio.
Suppose that a stock you follow, Abcd Inc.\n[ABCD], has just taken a substantial price hit.\nIt’s really beaten down. Its sector has had\nsome news that made investors nervous, and\nnow there are some negative analyst comments\nabout the company itself. But you know this company. You watch it, you understand its business,\nand in your judgment, these shares are now an excellent\ndeal. On its merits, ABCD is a stock you’d like to own. This\nfeels like an opportunity, but what is the best way to act on it?
YOUR CHOICES
• Buy the stock? You could buy the stock outright. But you\nmight have to ride out a further decline, and it’s hard to\npredict when the stock will recover. Your money will be tied\nup for an uncertain period if you buy now. Yet this is a sound\ncompany, and the recovery might be sharp and substantial\nwhen it comes. If you don’t invest now, you could miss a big\nmove up. It’s a dilemma.
• Use options? You could write some puts striking below the\ncurrent stock price. That way, you pocket some money immediately.\nIf the stock declines further, it will be put to you at an\neven lower price, which would be a good thing, since you’ve\nalready determined that this is a stock you’d like to own."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-4-50-54-split-synthetic-stock-positions-by-roger-ison-ph-d-20.gif"",""height"":""268"",""width"":""209""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-4-50-54-split-synthetic-stock-positions-by-roger-ison-ph-d-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-4-50-54-split-synthetic-stock-positions-by-roger-ison-ph-d-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v215womogoby,d,"{""minimum-quantity"":""1"",""path"":""ch4a20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:4 (56-61): Working Money: Gold by David Penn"",""caption-linebreaks"":""Working Money: Gold by David Penn
From gold bugs and gold standards to\nmassive derivative speculation, the yellow\nmetal is back.
All that glitters is not gold, goes the saying. But as far\nas investors are concerned, gold seems to be the only asset class with any shine at all. Gold mutual funds — as\nnoted in Barron’s “Mutual Funds” section for December 16,\n2002 — look poised to deliver returns to gold bugs that would\nmake even the luckiest dotcom speculator salivate with envy.
An exaggeration? Consider the Gabelli Gold Fund AAA,\nwhich is up 75.91% year to date, or perhaps the Rydex\nPrecious Metals Investor fund, up 43.49% year to date. Taken\nas a group, gold-oriented mutual funds are up some 50% in 2002. And these returns come in the wake of impressive\nreturns in 2001 (almost 19% on average).
Gold fund returns in 2000 were underwhelming in most\ninstances: the Gabelli Gold Fund (GOLDX) was down about\n15.4% in 2000, the Vanguard Precious Metals Fund (VGPMX)\ndown 9.5% — though when compared to a Standard & Poor’s\n500 that was down about 10% for the year, it is apparent a\nchanging of the guard in which stocks stepped down and gold\nstepped up was at hand."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-4-56-61-working-money-gold-by-david-penn-20.gif"",""height"":""268"",""width"":""209""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-4-56-61-working-money-gold-by-david-penn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-4-56-61-working-money-gold-by-david-penn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v216qabydonb,d,"{""minimum-quantity"":""1"",""path"":""ch4a20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:4 (62): Q&A by Don Bright"",""caption-linebreaks"":""Q&A by Don Bright
OPENING-ONLY ORDERS
I’ve been following the opening-only\norders strategy very closely, and I have a\nquestion. I’m a futures trader and somewhat\nunfamiliar with the practical aspects\nof trading listed. I watched around\n13 opens this morning, and saw fills on\nthree of them. One was LLY, which opened\ndelayed… with news. The position would\nhave been long in LLY at 56.50 to open.\nAfter a nice move to 56.80, I saw futures\nleveling off, possibly getting ready for\nmore buying. But let’s say a trader wanted\nto start unwinding a 2,000-share position\nat this point.
Since the open, the quotes have not\nshown more than 300 on either the bid\nor the ask. I’m trying to read the tape\nand see what it’s doing. All the other\ndrug stocks are down off the open; one\nis starting to roll over. I’m looking to\nexit. Now what? How do you unwind a\n2,000-share position with only 200\nshowing on the bid in a case like this?\nDo you take it off in pieces, or put the\nwhole thing out there? Thanks for any\nideas or suggestions — Dave N."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-4-62-q-a-by-don-bright-20.gif"",""height"":""268"",""width"":""209""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-4-62-q-a-by-don-bright-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-4-62-q-a-by-don-bright-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v216womopovo,d,"{""minimum-quantity"":""1"",""path"":""ch4a20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:4 (63-65): Working Money: Postitive Volume Index by Dennis D. Peterson"",""caption-linebreaks"":""Working Money: Postitive Volume Index by Dennis D. Peterson
Is the primary market trend\nup or down?
Writing about the positive volume\nindex (PVI) takes me back to\nwhen I first started trying to understand the\nmarkets. I joined four stock clubs, searched\nthe Internet extensively, and haunted the\nlocal library. I still belong to one of the\nclubs; its members use fundamentals. Even\nthough they don’t subscribe to anything as\nvoodoo-like as technical analysis, they do\nplot data on semi-log charts and use them as\npart of the decision-making process. I was\nalso able to learn quite a bit at the library. In\naddition to Robert Edwards and John\nMagee’s classic Technical Analysis Of Stock\nTrends, I read Norman G. Fosback’s Stock\nMarket Logic. Fosback’s book hit me, much\nthe same way the stock club’s fundamental\norientation contrasted with my technical\nanalysis trading. Fosback didn’t see, for\nexample, that there was added gain in going\nfrom standard to semi-log charting. The\nbook was not about patterns, or any kind of\nvisual investing techniques, but Fosback’s\nlogic is compelling. But if Fosback likes an\nindicator, you can be sure it is reliable, and\nhe happens to like PVI."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-4-63-65-working-money-postitive-volume-index-by-dennis-d-peterson-20.gif"",""height"":""268"",""width"":""209""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-4-63-65-working-money-postitive-volume-index-by-dennis-d-peterson-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-4-63-65-working-money-postitive-volume-index-by-dennis-d-peterson-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v216exyoopby,d,"{""minimum-quantity"":""1"",""path"":""ch4a20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:4 (66-67): Explore Your Options by Tom Gentile"",""caption-linebreaks"":""Explore Your Options by Tom Gentile
BUTTERFLY SPREADS
Would you be so kind to explain what\nexactly a butterfly spread is? Thanks —\nSimon
A butterfly spread is a sideways market\nstrategy using all calls or puts, and\nis designed to profit from a stock trading\nin a specific range. They are often\ncheap to place, offer high rewards, and\ncan be profitable within a few days to a\nfew weeks; so they are ideal for shorterterm\nswing traders. The construction of\nthe spread generally involves selling\n(shorting) two contracts in the middle\nof a stock range (the body) and buying\ntwo contracts (the wings) on either side\nof the short position, one with a higher\nstrike than the short contracts and one\nwith a lower strike. (See Figure 1 for a\nrisk curve.) Your maximum profit on\nthe trade is the difference between the\nshort and long strikes, minus the net\ndebit. Your maximum risk is the total\ndebit minus the credit received for the\nshorts."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-4-66-67-explore-your-options-by-tom-gentile-20.gif"",""height"":""268"",""width"":""209""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-4-66-67-explore-your-options-by-tom-gentile-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-4-66-67-explore-your-options-by-tom-gentile-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v216instniby,d,"{""minimum-quantity"":""1"",""path"":""ch4a20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:4 (68-73): Interview: Steve Nison by Jayanthi Gopalakrishnan"",""caption-linebreaks"":""Interview: Steve Nison by Jayanthi Gopalakrishnan
Want to know something about candlestick charting? Steve Nison can\ntell you. He was the first to bring Japanese candlestick charting\nmethods to Western trading nearly 20 years ago. He is a leading\nauthority on candlesticks, the author of two foundational books on the\nsubject, Japanese Candlestick Charting Techniques and Beyond Candlesticks,\nand gives seminars on the subject. Further, Nison was one of the\nfirst to be awarded the designation of Chartered Market Technician\n(CMT) from the Market Technicians Association (MTA); in addition, he\nis president of CandleCharts.com, an educational and advisory website.\nCan candlestick patterns be useful to traders accustomed to Westernstyle\ntechnical analysis? It would seem so, considering they have\nbecome a staple for Western traders in the past two decades. STOCKS &\nCOMMODITIES Editor Jayanthi Gopalakrishnan called Nison to discuss\nthat subject on January 24, 2003."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-4-68-73-interview-steve-nison-by-jayanthi-gopalakrishnan-20.gif"",""height"":""268"",""width"":""209""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-4-68-73-interview-steve-nison-by-jayanthi-gopalakrishnan-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-4-68-73-interview-steve-nison-by-jayanthi-gopalakrishnan-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v217nenebywo,d,"{""minimum-quantity"":""1"",""path"":""ch4a20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:4 (74-79): Neural Networks by Wolf von Rönik"",""caption-linebreaks"":""Neural Networks by Wolf von Rönik
Think neural networks are too\ndifficult a concept to learn?\nThey’re not. Take a look.
In a broad sense, neural\nnets are computer\nmodels that\nattempt to mimic\nthe “wetware” or actual physiological structure and functioning of the brain\n(which is outlined in the sidebar, “Neurons”)....In the simple model displayed in Figure 1, I1, I2, and I3\nrepresent inputs. Moving down, each input reaches a weight\n(synapse) labeled W1, W2, and W3 where input and corresponding\nweight are multiplied. This new information is conducted (dendrite) as input to the node\n(soma). Inside the node, the input-weight\nproducts are summed. This sum is then sent as\noutput along the single output (axon) arrow\non the right to be compared with a desired\nhistorical response. If the output and the historical\nresponse agree (that is, a threshold is\nreached), you follow the lower arrow and the\nmodel receives new input. If they don’t agree,\nyou return to the weights via the top arrow,\nrevalue the weights, and repeat the process\nuntil the output and desired historical response\nagree."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-4-74-79-neural-networks-by-wolf-von-r-nik-20.gif"",""height"":""268"",""width"":""209""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-4-74-79-neural-networks-by-wolf-von-r-nik-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-4-74-79-neural-networks-by-wolf-von-r-nik-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v217sinebywo,d,"{""minimum-quantity"":""1"",""path"":""ch4a20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:4 (76): Sidebar: Neurons by Wolf von Rönik"",""caption-linebreaks"":""Sidebar: Neurons by Wolf von Rönik
NEURONS
The basic structure of a brain neuron is\nillustrated in sidebar Figure 1. Reading\nfrom left to right, axons carry electrical\nimpulses or signals of varying strengths to\nsynapses, which are small gaps between\nthe axons and the dendrites. The function\nof the synapses is to enhance or retard the\nstrength of the signals they receive from\nthe axons, then send the results down the\ndendrites into the soma."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-4-76-sidebar-neurons-by-wolf-von-r-nik-20.gif"",""height"":""268"",""width"":""209""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-4-76-sidebar-neurons-by-wolf-von-r-nik-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-4-76-sidebar-neurons-by-wolf-von-r-nik-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v218trtibyte,d,"{""minimum-quantity"":""1"",""path"":""ch4a20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:4 (80-93): Traders’ Tips by Technical Analysis, Inc."",""caption-linebreaks"":""Traders’ Tips by Technical Analysis, Inc.
• TRADESTATION: FINITE VOLUME ELEMENTS (FVE)
Markos Katsanos’ article “Detecting Breakouts” describes\nthe calculation and use of a price-volume indicator called the\nfinite volume element (FVE). Katsanos provides a detailed\nExcel spreadsheet in the article, and I’ve used it to write the\nequivalent EasyLanguage code for the FVE. We named this\nindicator “FiniteVolumeElement.” Katsanos spends much of the article discussing divergence\nbetween price and FVE trends. He defines these trends in\nterms of linear regression slopes. The following indicator,\n“FinVolEleLinRegSl,” plots these two slopes (Figure 1)."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-4-80-93-traders-tips-by-technical-analysis-inc-20.gif"",""height"":""268"",""width"":""209""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-4-80-93-traders-tips-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-4-80-93-traders-tips-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v219womowhyd,d,"{""minimum-quantity"":""1"",""path"":""ch4a20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:4 (94-96): Working Money: Why Doesn’t The Fat Lady Sing? by Bruce R. Faber"",""caption-linebreaks"":""Working Money: Why Doesn’t The Fat Lady Sing? by Bruce R. Faber
When the stage is obscured\nby smoke and mirrors, how\ncan you know when the last\nact is finally over?
Even though the bear market\nhas been eating investors’\nlunch since early in 2000, there has\nbeen no sign of the capitulation that\nusually accompanies a market bottom.\nAs I write this (December 30,\n2002), the Nasdaq is down about\n73% from its March 2000 high of\n5048. The Standard & Poor’s 500\nindex is down from 1527 to about\n880. The Dow Jones Industrial Average\n(DJIA) has suffered the least,\nbut it is still down about 29% from\nits peak in January 2000 at almost\n11,723.
In spite of the terrorist attacks in\nSeptember 2001, there have been\nsome substantial bear market rallies\nsince the markets’ fall began. The\ntiming and the strength of these rallies\nhave been curious, to say the\nleast. Maybe one of these unexplained\nrallies will start us back to\nnew highs. Perhaps this time it really\nwill be different. Who knows\nwhat’s possible?"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-4-94-96-working-money-why-doesn-t-the-fat-lady-sing-by-bruce-r-faber-20.gif"",""height"":""268"",""width"":""209""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-4-94-96-working-money-why-doesn-t-the-fat-lady-sing-by-bruce-r-faber-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-4-94-96-working-money-why-doesn-t-the-fat-lady-sing-by-bruce-r-faber-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v219wefortrc,d,"{""minimum-quantity"":""1"",""path"":""ch5m20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:4 (97-99): Websites For Traders: ChartPatterns.com by Jayanthi Gopalakrishnan"",""caption-linebreaks"":""Websites For Traders: ChartPatterns.com by Jayanthi Gopalakrishnan
CHARTPATTERNS.COM
The URL itself sends visions of triangles,\nflags, wedges, rectangles, and head &\nshoulder patterns dancing through your\nhead. But do you really know what\nthese patterns mean and how you can\nuse them for trading? If you don’t, or if\nyou are simply curious to learn more\nabout them, Kevin Matras’s site is a\nplace where you can find plenty of information.
Not all patterns are covered on this\nsite. It’s mainly focused on symmetrical\ntriangles, ascending triangles, descending\ntriangles, head & shoulders,\nwedges, flags and pennants, rectangles,\nand volume. Each of these patterns is\ndefined, along with examples of charts\nwhere the patterns appear. Examples of\nboth stocks and commodities are included."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-4-97-99-websites-for-traders-chartpatterns-com-by-jayanthi-gopalakrishnan-20.gif"",""height"":""262"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-4-97-99-websites-for-traders-chartpatterns-com-by-jayanthi-gopalakrishnan-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-4-97-99-websites-for-traders-chartpatterns-com-by-jayanthi-gopalakrishnan-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v219wefortrt,d,"{""minimum-quantity"":""1"",""path"":""ch4a20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:4 (97-99): Websites For Traders: TurtleTrader.com by David Penn"",""caption-linebreaks"":""Websites For Traders: TurtleTrader.com by David Penn
TURTLETRADER.COM
If there is a Holy Grail of trading (a\ncolossal “if” in the minds of many), then\nit most likely consists less of trading\nsystems and more of a set of processes,\nprocedures, and precepts: Ride your\nwinners and cut your losers short. When\nyou are trading well, bet biggest, and\nwhen you are trading poorly, pull back\nor stop trading altogether. And last but\nnot least, don’t fight the trend.
While there are modifications and stylistic\ndifferences among traders as to the\nbest way to execute this process — from\nscalpers who cut their winners short to\ntop/bottom pickers who seek to ride trends\nfrom their origins (as opposed to profiting\nfrom what trend-followers refer to as\n“the meat in the middle”) — few have\nfundamentally challenged these general\ntrading concepts."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-4-97-99-websites-for-traders-turtletrader-com-by-david-penn-20.gif"",""height"":""268"",""width"":""209""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-4-97-99-websites-for-traders-turtletrader-com-by-david-penn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-4-97-99-websites-for-traders-turtletrader-com-by-david-penn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v219prrefspl,d,"{""minimum-quantity"":""1"",""path"":""ch4a20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:4 (99-101): Product Review: fsXtra Platinum 5.1 by David Penn"",""caption-linebreaks"":""Product Review: fsXtra Platinum 5.1 by David Penn
FutureSource is second to\nnone when it comes to\nproviding news, market\ndata, and information to\nprofessional and institutional-\nlevel futures traders. From its\nbeginnings in the late 1970s as a provider\nof entry-level quote terminals for\ntraders and hedgers in the agricultural\nmarkets, to the way it has prospered as\na part of Oster Communications in the\n1980s and again in the 21st century,\nFutureSource has been a major player in\nthe futures information–providing business\nsince its inception. Today,\nFutureSource is widely recognized by\nfutures and options traders worldwide\nas one of the preeminent providers of\ncomprehensive, real-time market information\nand technical analysis."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-4-99-101-product-review-fsxtra-platinum-5-1-by-david-penn-20.gif"",""height"":""268"",""width"":""209""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-4-99-101-product-review-fsxtra-platinum-5-1-by-david-penn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-4-99-101-product-review-fsxtra-platinum-5-1-by-david-penn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v211notrnoby,d,"{""minimum-quantity"":""1"",""path"":""ch5m20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:5 (112-113): Novice Trader’s Notebook by Amy Wu"",""caption-linebreaks"":""Novice Trader’s Notebook by Amy Wu
ON-BALANCE VOLUME
First developed by Joe Granville and published in\nhis text New Strategy Of Daily Stock Market Timing\nFor Maximum Profits, on-balance volume (OBV) is\na momentum indicator that relates volume to price\nchange. Specifically, the on-balance volume keeps\ntabs on the running total of volume that is flowing in\nand out of a security. For instance, if the price of a\nsecurity closes higher than the close of the previous\nday, it’s up volume. Likewise, when the security’s\nprice closes lower than the previous day, it’s down\nvolume."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-5-112-113-novice-trader-s-notebook-by-amy-wu-20.gif"",""height"":""262"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-5-112-113-novice-trader-s-notebook-by-amy-wu-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-5-112-113-novice-trader-s-notebook-by-amy-wu-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v211letoscby,d,"{""minimum-quantity"":""1"",""path"":""ch5m20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:5 (12-16): Letters To S&C by Technical Anaylsis, Inc."",""caption-linebreaks"":""Letters To S&C by Technical Anaylsis, Inc.
DAYTRADING QQQ
Editor,
I found the article\n“Daytrading QQQ” in\nthe March 2003 STOCKS\n& COMMODITIES to be\nquite misleading.\nIn the latter part of the article, author\nMisha Sarkovich suggests taking advantage\nof the low probability of the\nQQQ falling outside a daily price range\nof +/- 2.5% from the open. For the\n+2.5% case, the probability is stated to\nbe approximately 30%, which I confirmed\nwith my own testing. However,\nthe basis for the daily high technique is\ndescribed in the false statement: “If the\nprices increase 2.5% from the open,\nthere is a 70% probability this is the\nhigh for the day, and there is only a 30%\nprobability that prices will continue to\nincrease to higher levels.” After the\nprice has moved up 2.5% from the open,\nthe original probability is no longer\napplicable. The new sample group is\nnow the subset of days where the\nintraday price has reached a price increase\nof 2.5% from the open. Of these\ndays, the probability of closing above\nthe 2.5% level is approximately 50%.\nSo there would be no advantage to taking\na long or short position at that point.\nMy test results are included below:\nSymbol: AMEX:QQQ (QCharts data,\nWealth-Lab Developer)\nTest period: 2000/01/02 to 2002/07/01\n(2.5 years as per article)\nTotal days = 625\nTotal (open) +2.5% = 191 (30.56%)\nTotal of these closing above +2.5% =\n96 (50.26%)\nAvg. price move from +2.5% to close =\n$-0.03
- STEVE DUNN, Vancouver, Canada"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-5-12-16-letters-to-s-c-by-technical-anaylsis-inc-20.gif"",""height"":""262"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-5-12-16-letters-to-s-c-by-technical-anaylsis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-5-12-16-letters-to-s-c-by-technical-anaylsis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v211bofortrb1,d,"{""minimum-quantity"":""1"",""path"":""ch5m20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:5 (121-122): Books For Traders by Technical Analysis, Inc."",""caption-linebreaks"":""Books For Traders by Technical Analysis, Inc.
• Winning With The Market
• 12 Simple Technical Indicators That Really Work
• Crash Profits: Make Money When Stocks Sink And Soar!
• Currency Trading: How To Access And\nTrade the World’s Biggest Market
• The Handbook Of Risk
• Investment Philosophies: Successful Strategies\nAnd The Investors Who Made Them Work
• Monte Carlo Risk Analysis And Due Diligence Of New\nBusiness Ventures
• The Psychology Of Trading: Tools And Techniques For Minding\nThe Markets
• Single Stock Futures: An Investor’s Guide
• When Supertraders\nMeet Kryptonite
• Collateralized Debt Obligations: Structures &\nAnalysis
• The Stock Market’s Two Schools"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-5-121-122-books-for-traders-by-technical-analysis-inc-20.gif"",""height"":""266"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-5-121-122-books-for-traders-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-5-121-122-books-for-traders-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v211unchpaby,d,"{""minimum-quantity"":""1"",""path"":""ch5m20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:5 (18-26): Uncommon Chart Patterns by Thomas Bulkowski"",""caption-linebreaks"":""Uncommon Chart Patterns by Thomas Bulkowski
Some bullish chart patterns are rare,\nand some are simply not well known.\nRead this to find out about both.
A few months ago, I received\ne-mail from\nsomeone asking about\nidentification techniques\nfor chart patterns.\nI suggested the e-mailer could buy one of my books,\nbut short of a brain transplant, I could\ndo little else. This article addresses\nthe identification problem by highlighting\nguidelines for some lesserknown\nbullish chart patterns.
BROADENING FORMATIONS,\nRIGHT-ANGLED\nAND DESCENDING
In Figure 1 you see a right-angled,\ndescending, broadening formation.\nIts name comes from the broadening\nappearance of price action marked\nby descending lows. Note the horizontal\ntrendline along the pattern top,\nforming an upper price boundary. The\nminor lows follow a downsloping\ntrendline. Think of the formation as a\nmegaphone tilted so that the top is\nhorizontal but price action widens over\ntime. The volume pattern is usually\nirregular, but in this case, it recedes."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-5-18-26-uncommon-chart-patterns-by-thomas-bulkowski-20.gif"",""height"":""262"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-5-18-26-uncommon-chart-patterns-by-thomas-bulkowski-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-5-18-26-uncommon-chart-patterns-by-thomas-bulkowski-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v212tiandmoc,d,"{""minimum-quantity"":""1"",""path"":""ch5m20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:5 (28-39): Time And Money Charts by Stuart Belknap, Ph.D."",""caption-linebreaks"":""Time And Money Charts by Stuart Belknap, Ph.D.
Interested in a universal price display? This might be\nthe ticket.
Whether you use indicators, automated\nsetup and signal rules, or any other\nmethod, before opening or closing\npositions you probably read charts\nto identify patterns, interpret indicators, and apply line studies. Hence, your price display\nshould be as helpful as possible. Your charts should\nclarify the development and repetition of patterns,\ncycles, and trends. They should accurately display\nrelative price moves, gains, and losses. Most important,\nyour charts should provide a functional, realtime\nmap for trading tactics and money management.
There are, however, any number of ways to plot\nsecurity price action depending on style and time\nframe, metrics, scaling, and calibration. Moreover, it\nis commonly held that individual securities have\nunique behaviors, requiring different indicators with\ndifferent parameters at different times. Do things\nhave to be this complicated? Maybe not."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-5-28-39-time-and-money-charts-by-stuart-belknap-ph-d-20.gif"",""height"":""262"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-5-28-39-time-and-money-charts-by-stuart-belknap-ph-d-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-5-28-39-time-and-money-charts-by-stuart-belknap-ph-d-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v214whstisbe,d,"{""minimum-quantity"":""1"",""path"":""ch5m20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:5 (40-42): Which Strike Is Best? by Ihor Vysotskyy"",""caption-linebreaks"":""Which Strike Is Best? by Ihor Vysotskyy
Here’s a method for selecting advantageous options.
Purchasing call options is often considered to\nbe the simplest strategy when it comes to\ntrading options. The method is based on the\nassumption that when the price of the underlying\nfinancial instrument goes up, the call\noption will also rise, generating a profit.
However, this is not always the case. Most beginners in the\noptions market start out by purchasing a call option, but are\ndisappointed when they discover they have been misled into\nbelieving no risk is involved. Instead of profits, they experience enormous losses. This can cause them to think that\ntrading options is such a risky activity that they turn away\nfrom options trading altogether."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-5-40-42-which-strike-is-best-by-ihor-vysotskyy-20.gif"",""height"":""262"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-5-40-42-which-strike-is-best-by-ihor-vysotskyy-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-5-40-42-which-strike-is-best-by-ihor-vysotskyy-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v215maseoffr,d,"{""minimum-quantity"":""1"",""path"":""ch5m20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:5 (50-54): Making Sense Of Fractals by Erik Long"",""caption-linebreaks"":""Making Sense Of Fractals by Erik Long
What is chaos? Here’s a tool you can use\nto trade on the cutting edge of chaos and\nfractal theory.
haos is evident just about\neverywhere: in lightning,\nweather patterns, earthquakes,\nand financial markets,\nto name only a few. It\nmay seem to appear in a random fashion, but it doesn’t. In a nutshell,\nchaos is a nonlinear, dynamic system\nthat appears to be random but actually\nis a higher form of order.
When you are studying the markets,\ncomplexity is the point at which the transition\nto chaos takes place. That should be\nthe focus of your interest. Order and randomness\nexist simultaneously, and this\ngives us a degree of predictability. Social\nand natural systems, including private, governmental,\nand financial institutions, all fall\nwithin this category. People design these\ncomplex systems only to find those systems\ntake on a life of their own. Each of these\nnetworks is sustained by complex feedback\nloops that reenter the system at unpredictable\npoints in their cycles. This little-understood\nabstraction causes people to go about\ntheir business bewildered by the very systems\nthey helped create."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-5-50-54-making-sense-of-fractals-by-erik-long-20.gif"",""height"":""262"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-5-50-54-making-sense-of-fractals-by-erik-long-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-5-50-54-making-sense-of-fractals-by-erik-long-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v215sifrdiby,d,"{""minimum-quantity"":""1"",""path"":""ch5m20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:5 (54): Sidebar: The Fractal Dimension by Erik Long"",""caption-linebreaks"":""Sidebar: The Fractal Dimension by Erik Long
THE FRACTAL DIMENSION"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-5-54-sidebar-the-fractal-dimension-by-erik-long-20.gif"",""height"":""263"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-5-54-sidebar-the-fractal-dimension-by-erik-long-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-5-54-sidebar-the-fractal-dimension-by-erik-long-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v216chritifr,d,"{""minimum-quantity"":""1"",""path"":""ch5m20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:5 (61-62): Choosing The Right Time Frame by Hal Masover"",""caption-linebreaks"":""Choosing The Right Time Frame by Hal Masover
Using multiple time frames has many benefits, but which\nones work for you?
A friend once described his perspective on time\nframes: “People have different definitions of\n‘long term,’ ‘short term,’ and ‘intermediate term.’\nFor me, ‘short term’ is when I get on the phone\nwith my broker and get in and out of a trade before\nI hang up. ‘Intermediate term’ is when I get into a\ntrade, hang up, then call right back and get out. A long-term\ntrade might be when I get into a trade, get off the phone, go to\nthe bathroom, come back, call the broker, and get out.”
On the other hand, some traders enter positions that can last\nfor years. Clearly, there are very different definitions of “long\nterm” and “short term.”
Most likely your definitions fit somewhere between these\nextremes. But do you always maintain the same time frame\ndefinitions, or do you revise them with different trading\nmethods? How do you find the right time frame for you? Is\nthere a right time frame for you?"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-5-61-62-choosing-the-right-time-frame-by-hal-masover-20.gif"",""height"":""262"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-5-61-62-choosing-the-right-time-frame-by-hal-masover-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-5-61-62-choosing-the-right-time-frame-by-hal-masover-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v216qabydonb1,d,"{""minimum-quantity"":""1"",""path"":""ch5m20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:5 (67): Q&A by Don Bright"",""caption-linebreaks"":""Q&A by Don Bright
FILLING ORDERS\nI have found your Q&A column to be the\nmost helpful feature of STOCKS & COMMODITIES\nsince I subscribed, and I look\nforward to it every month. Hopefully\nwith your experience and knowledge\nyou will be able to answer my question.
I placed a short sale order of 400\nshares of HDI five minutes into the open\n(9:35:33) on October 3, 2002, with my\nInternet broker. It was a limit order at\n47.63. At 9:36:05 the bid-ask was 47.50–\n47.71, last trade at 47.61. Shouldn’t my\nshort order of 47.63 show up? (I use\neSignal and refer to time and sales data.)...CONTINUDED"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-5-67-q-a-by-don-bright-20.gif"",""height"":""262"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-5-67-q-a-by-don-bright-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-5-67-q-a-by-don-bright-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v217chmabyda,d,"{""minimum-quantity"":""1"",""path"":""ch5m20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:5 (73): Charting The Market by David Penn"",""caption-linebreaks"":""Charting The Market by David Penn
Here’s a sample MICEX chart showing some news events in\n2002 and accompanying market shifts. Coincidence? You\ndecide."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-5-73-charting-the-market-by-david-penn-20.gif"",""height"":""262"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-5-73-charting-the-market-by-david-penn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-5-73-charting-the-market-by-david-penn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v217iniangob,d,"{""minimum-quantity"":""1"",""path"":""ch5m20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:5 (74-79): Interview: Ian Gordon by Jayanthi Gopalakrishnan"",""caption-linebreaks"":""Interview: Ian Gordon by Jayanthi Gopalakrishnan
If this recession seems like it’s going on forever, Ian Gordon of The\nLong Wave Analyst newsletter will give you good news and bad news.\nFirst, the good news: It won’t last forever. The bad news: It’s going\nto hurt a lot more before it gets better. The good news: More likely than\nnot it will only happen once in your lifetime. The bad news: The same\ngoes for that phenomenal bull market that just passed. And Gordon\nhas more to say, including warnings about the probable collapse of\nthe worldwide economy.
Ian Gordon was educated in England. He attended the Royal\nMilitary Academy, Sandhurst, and was commissioned into the\nCameronians (Scottish Rifles). He resigned his commission in 1967\nand emigrated to Canada that year; he has been in the Canadian\nbrokerage industry since 1983. He is currently a vice president at\nCanaccord Capital in Vancouver, BC. Gordon, a long-time student of\nKondratieff’s economic cycle, began writing his newsletter The Long\nWave Analyst in 1998; the newsletter now reaches some 4,000\nreaders worldwide.
Editor Jayanthi Gopalakrishnan of STOCKS & COMMODITIES spoke\nwith Gordon on February 25, 2003, via telephone."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-5-74-79-interview-ian-gordon-by-jayanthi-gopalakrishnan-20.gif"",""height"":""264"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-5-74-79-interview-ian-gordon-by-jayanthi-gopalakrishnan-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-5-74-79-interview-ian-gordon-by-jayanthi-gopalakrishnan-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v218exyoopby,d,"{""minimum-quantity"":""1"",""path"":""ch5m20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:5 (80-81): Explore Your Options by Tom Gentile"",""caption-linebreaks"":""Explore Your Options by Tom Gentile
STOCK OPTIONS AND SPLITS
I was wondering what happens to stock\noptions when the underlying stock splits.\nDoes the call’s strike price go down?\nAn example would really help me out —\nJames Kramer
When the underlying issue splits, so\ndo the options. For example, if you own\na January 50 call on stock XYZ when\nthe stock splits 2-for-1, you will own\ntwo January 25 calls post-split. Sometimes,\nstocks will have a fractional split,\nsuch as a 3-for-2, in which case you will\nown three options for every two you\nowned prior to the split. A word of\ncaution when trading options that split\nat odd intervals, such as the 3-for-2:\nafter the split, there just isn’t a lot of\ndemand for options with strikes of 33 1/3, for example."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-5-80-81-explore-your-options-by-tom-gentile-20.gif"",""height"":""262"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-5-80-81-explore-your-options-by-tom-gentile-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-5-80-81-explore-your-options-by-tom-gentile-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v218prretr70,d,"{""minimum-quantity"":""1"",""path"":""ch5m20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:5 (82-84): Product Review: TradeStation 7.0 by Dennis D. Peterson"",""caption-linebreaks"":""Product Review: TradeStation 7.0 by Dennis D. Peterson
The trading platform\nTradeStation has now introduced\nversion 7, with\nnew features that traders\nwill appreciate. The popular\ntrading platform is a downloadable\nsoftware package that allows the creation\nof custom indicators and robust\nbacktesting of trading strategies using\nprebuilt or custom indicators. Those of\nyou who have had ProSuite 2000i, and\nsadly missed RadarScreen and\nOptionStation as part of the TradeStation\nseries, can now have both of them back\nwith version 7. In addition, the most\npowerful feature, in my opinion, that\nhas been added to the new version is\nwhat TradeStation refers to as macros."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-5-82-84-product-review-tradestation-7-0-by-dennis-d-peterson-20.gif"",""height"":""261"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-5-82-84-product-review-tradestation-7-0-by-dennis-d-peterson-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-5-82-84-product-review-tradestation-7-0-by-dennis-d-peterson-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v218prboonbo,d,"{""minimum-quantity"":""1"",""path"":""ch5m20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:5 (85-88): PR: Bollinger On Bollinger Bands: The Seminar by David Penn"",""caption-linebreaks"":""PR: Bollinger On Bollinger Bands: The Seminar by David Penn
There are two reasons to buy\nJohn Bollinger’s “Bollinger\nOn Bollinger Bands: The\nSeminar” course, now available\nas a pair of DVD-ROMs.\nThe first reason is simply to understand\nmore about the use of channels —\nBollinger Bands in particular, though\nJohn Bollinger spends a significant\namount of time putting Bollinger Bands\nin the context of the broader use of\nchannels in technical analysis, from\nKeltnerÝ and DonchianÝ channels to\npercentage bands."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-5-85-88-pr-bollinger-on-bollinger-bands-the-seminar-by-david-penn-20.gif"",""height"":""262"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-5-85-88-pr-bollinger-on-bollinger-bands-the-seminar-by-david-penn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-5-85-88-pr-bollinger-on-bollinger-bands-the-seminar-by-david-penn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v218wefortrf,d,"{""minimum-quantity"":""1"",""path"":""ch5m20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:5 (89-90): Websites For Traders: FinancialSense.com by David Penn"",""caption-linebreaks"":""Websites For Traders: FinancialSense.com by David Penn
FINANCIALSENSE.COM
Who is Jim Puplava?
Among other things, Puplava is the\nman behind Financial Sense Online, a\nwebsite that serves as a gateway to\nPuplava’s investment advisory and\nmoney management firm, Puplava Financial\nServices. The site also features\nhis talk show, Financial Sense Newshour,\nand a sizable set of essays, articles, and\ninterviews by and about some of the\nmost “outside the box” thinkers and writers\non economics and finance today.\nRobert Prechter of Elliott Wave International,\nDoug Noland of Prudent Bear,\nand Marc Faber of the GloomBoomDoom\nReport are just a few of those who have\njoined Puplava for fascinating, in-depth\ninterviews and conversations."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-5-89-90-websites-for-traders-financialsense-com-by-david-penn-20.gif"",""height"":""261"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-5-89-90-websites-for-traders-financialsense-com-by-david-penn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-5-89-90-websites-for-traders-financialsense-com-by-david-penn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v219trtibyte,d,"{""minimum-quantity"":""1"",""path"":""ch5m20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:5 (91-99): Traders’ Tips by Technical Analysis, Inc."",""caption-linebreaks"":""Traders’ Tips by Technical Analysis, Inc.
Here is this month’s selection of Traders’ Tips, contributed by\nvarious developers of technical analysis software, all to help\nreaders more easily implement some of the strategies presented\nin some of the articles in this issue.
Internet users will also find these and most previous Traders’\nTips at our website at www.Traders.com. To locate the various\ntips, use our site’s search engine or click on the STOCKS &\nCOMMODITIES magazine icon on the left-hand side of our\nhomepage, then scroll down to the “This month in S&C” section\non the left-hand side and look for “Traders’ Tips.” For Traders’\nTips published earlier, click on the “Back issues archive”\nlocated under the “This month in S&C” section, or use the\nsearch engine.
Other code presented in the articles in this magazine can be\nfound at our website in a subscriber-only area at http://\ntechnical.traders.com/sub/sublogin.asp. Login requires your\nlast name and subscriber number."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-5-91-99-traders-tips-by-technical-analysis-inc-20.gif"",""height"":""262"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-5-91-99-traders-tips-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-5-91-99-traders-tips-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v211sieaofmo,d,"{""minimum-quantity"":""1"",""path"":""ch6j20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:6 (100): Sidebar: Ease Of Movement Calculation by Dennis D. Peterson"",""caption-linebreaks"":""Sidebar: Ease Of Movement Calculation by Dennis D. Peterson
EASE OF MOVEMENT CALCULATION"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-6-100-sidebar-ease-of-movement-calculation-by-dennis-d-peterson-20.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-6-100-sidebar-ease-of-movement-calculation-by-dennis-d-peterson-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-6-100-sidebar-ease-of-movement-calculation-by-dennis-d-peterson-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v211trtibyte,d,"{""minimum-quantity"":""1"",""path"":""ch6j20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:6 (100-117,127-129): Traders’ Tips by Technical Analysis, Inc."",""caption-linebreaks"":""Traders’ Tips by Technical Analysis, Inc.
• TRADESTATION: IMPLIED VOLATILITY AND VOLUME
Scott Castleman’s article in this issue, “Using Implied\nVolatility And Volume,” describes a market-adaptive channel\nbreakout system in which the channel lookback period is a\nfunction of implied volatility and volume. The core strategy’s\nEasyLanguage code can be found in the sidebar of the article\nitself.
We have elaborated on Castleman’s code by creating two\nnew indicators. The first displays the “LookBack” calculations\nproducing his trading “thresholds.” The second plots the\nthresholds themselves. We have named them “IVV Lookback”\nand IVV Thresholds.”
The IVV Thresholds indicator is fairly straightforward,\nlooking something like a Bollinger Band or Keltner channel.\nThe IVV LookBack is probably most useful as an aid for\nunderstanding how the implied volatility and volume scheme\nworks. The thresholds are based on a lookback window of\nvariable length (displayed as a magenta line; see Figure 1).\nThe length is a function of the VIX range (cyan line) and data1\nvolume range (yellow line). The higher the VIX and volume\nrange, the shorter the lookback for determining the breakout\nthreshold."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-6-100-117-127-129-traders-tips-by-technical-analysis-inc-21.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-6-100-117-127-129-traders-tips-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-6-100-117-127-129-traders-tips-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v211wefortra,d,"{""minimum-quantity"":""1"",""path"":""ch6j20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:6 (101): Websites For Traders: ADVFN.com by Jayanthi Gopalakrishnan"",""caption-linebreaks"":""Websites For Traders: ADVFN.com by Jayanthi Gopalakrishnan
WWW.ADVFN.COM
Advanced Financial Network\n(ADVFN.com), a website that caters to\ntraders of the UK and European markets,\nhas many features worth looking into.\nThe eurocentricity of this site is evident\nfrom the homepage, which displays charts\nof the FTSE 100, Techmark, and FTSE\nAllshare indexes. Recently, the website\ndevelopers added US stocks to their database,\nand there are plans to expand the\nfeature set available for these stocks."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-6-101-websites-for-traders-advfn-com-by-jayanthi-gopalakrishnan-20.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-6-101-websites-for-traders-advfn-com-by-jayanthi-gopalakrishnan-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-6-101-websites-for-traders-advfn-com-by-jayanthi-gopalakrishnan-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v211prrere7b,d,"{""minimum-quantity"":""1"",""path"":""ch6j20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:6 (102-106): Product Review: RealTick 7.6/Hottrend by David Penn"",""caption-linebreaks"":""Product Review: RealTick 7.6/Hottrend by David Penn
Which is more impressive:\nbeing able to manipulate\na staggering array\nof institutional-quality\norder entry options, or\nbeing able to avoid the temptation of\nlosing oneself in the aforementioned\nstaggering array of institutional-quality\norder entry options?
After spending some time learning\nabout and examining the new order entry\nfeatures of Townsend Analytics’\nRealTick 7.6 (RealTick), I’ll admit that\nI have not yet figured out the answer.\nBut I have realized that when it comes\nto closing the order capability gap between\nhigh-powered institutional-level\ntraders and their often equally motivated\n(if underequipped) retail brethren,\nRealTick 7.6 delivers… and delivers\nand delivers, like few other market\nanalysis software/trading platform packages\ndo."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-6-102-106-product-review-realtick-7-6-hottrend-by-david-penn-21.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-6-102-106-product-review-realtick-7-6-hottrend-by-david-penn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-6-102-106-product-review-realtick-7-6-hottrend-by-david-penn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v211prreopin,d,"{""minimum-quantity"":""1"",""path"":""ch6j20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:6 (108-109): Product Review: The Options Investigator by David Penn"",""caption-linebreaks"":""Product Review: The Options Investigator by David Penn
If you’re long stocks, then getting\na package from the Options\nIndustry Council that\nincludes a press release titled\n“How to Buy Puts” must be\nsomething like having a good friend\ngive you a stick of deodorant as a birthday\npresent: you might feel a bit put off\n(no pun intended), but there’s a strong\nchance that — in the end — they are\nprobably doing you a favor.
Fortunately, there is nothing off-putting\nabout the Options Industry\nCouncil’s (OIC) new educational CD,\nthe Options Investigator. Sponsored by\nthe American Stock Exchange (AMEX),\nthe Chicago Board Options Exchange\n(CBOE), the International Securities\nExchange, the Pacific Exchange, the\nPhiladelphia Stock Exchange, and the\nOptions Clearing Corporation, the OIC’s\nInvestigator provides a “one-stop shop”\nfor those who have been thinking about\nlearning about options, but have had no\nidea where to start."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-6-108-109-product-review-the-options-investigator-by-david-penn-21.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-6-108-109-product-review-the-options-investigator-by-david-penn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-6-108-109-product-review-the-options-investigator-by-david-penn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v211bofortrb2,d,"{""minimum-quantity"":""1"",""path"":""ch6j20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:6 (130): Books For Traders by Technical Analysis, Inc."",""caption-linebreaks"":""Books For Traders by Technical Analysis, Inc.
• The Encyclopedia Of\nTechnical Market Indicators:\n2nd Edition
• Financial Risk Management:\nA Practitioner’s\nGuide To Managing Market\nAnd Credit Risk
• Investing In Information\nTechnology Stocks
• New Era Value Investing: A Disciplined Approach\nTo Buying Value & Growth Stocks
• Investment Performance Measurement
• RiskGrade Your Investments: Measure Your Risk\nAnd Create Wealth
• The Short Book on Options:\nA Conservative Strategy For\nThe Buy And Hold Investor
• Swing Trading: Power Strategies To Cut Risk\nAnd Boost Profits"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-6-130-books-for-traders-by-technical-analysis-inc-21.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-6-130-books-for-traders-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-6-130-books-for-traders-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v211reenrsib,d,"{""minimum-quantity"":""1"",""path"":""ch6j20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:6 (18-30): Reverse Engineering RSI by Giorgos Siligardos, Ph.D."",""caption-linebreaks"":""Reverse Engineering RSI by Giorgos Siligardos, Ph.D.
Can the inverse of an oscillator help you to forecast closing\nprices?
Reverse engineering is a mathematical\nprocedure that takes the inverse\nof an oscillator. In this article I will\nillustrate this process using J. Welles\nWilder’s relative strength index\n(RSI). The reverse-engineered RSI,\nor RevEngRSI for short, can help\ndetermine the following time\nperiod’s closing price using the value\nof the oscillator."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-6-18-30-reverse-engineering-rsi-by-giorgos-siligardos-ph-d-21.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-6-18-30-reverse-engineering-rsi-by-giorgos-siligardos-ph-d-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-6-18-30-reverse-engineering-rsi-by-giorgos-siligardos-ph-d-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v212simecofo,d,"{""minimum-quantity"":""1"",""path"":""ch6j20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:6 (25): Sidebar: MetaStock code for RevEngRSI by Giorgos Siligardos, Ph.D."",""caption-linebreaks"":""Sidebar: MetaStock code for RevEngRSI by Giorgos Siligardos, Ph.D.
METASTOCK CODE FOR REVENGRSI
The following program for MetaStock computes the closing\nprice at which the RSI of the previous day will attain a\nspecific level for the next day."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-6-25-sidebar-metastock-code-for-revengrsi-by-giorgos-siligardos-ph-d-20.gif"",""height"":""263"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-6-25-sidebar-metastock-code-for-revengrsi-by-giorgos-siligardos-ph-d-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-6-25-sidebar-metastock-code-for-revengrsi-by-giorgos-siligardos-ph-d-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v213usimvoan,d,"{""minimum-quantity"":""1"",""path"":""ch6j20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:6 (32-37): Using Implied Volatility And Volume by Scott Castleman"",""caption-linebreaks"":""Using Implied Volatility And Volume by Scott Castleman
Construct a trend-following system that adjusts to\ncurrent market conditions.
Traditionally, technicians have relied\non historical prices to analyze the market.\nThey have created many different\nindicators to predict the direction of\nprices by basing their calculations on\npast data. However, these indicators may fail to work\nprospectively when markets do not repeat their historical\npatterns. Thus, using these indicators to forecast\nmarket direction is like trying to drive a car by\nlooking in the rearview mirror. Any change in the\nroad ahead could lead to disaster.
When we are searching for ways to forecast the\ndirection of the market, it is essential to characterize\nthe market with current information. Two such ways\nof describing the market are with implied volatility\nand volume. Using implied volatility and volume as\nparameters, you should be able to construct a profitable\ntrend-following system by adjusting the number\nof days referenced in a simple DonchianÝ-style\nbreakout system. This allows the system to adjust\nitself to reflect current market conditions."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-6-32-37-using-implied-volatility-and-volume-by-scott-castleman-21.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-6-32-37-using-implied-volatility-and-volume-by-scott-castleman-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-6-32-37-using-implied-volatility-and-volume-by-scott-castleman-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v213sitrcoby,d,"{""minimum-quantity"":""1"",""path"":""ch6j20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:6 (35): Sidebar: TradeStation Code by Scott Castleman"",""caption-linebreaks"":""Sidebar: TradeStation Code by Scott Castleman
TRADESTATION CODE"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-6-35-sidebar-tradestation-code-by-scott-castleman-21.gif"",""height"":""263"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-6-35-sidebar-tradestation-code-by-scott-castleman-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-6-35-sidebar-tradestation-code-by-scott-castleman-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v213doordiet,d,"{""minimum-quantity"":""1"",""path"":""ch6j20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:6 (38-41): Do Or Die Trading by Bo Yoder"",""caption-linebreaks"":""Do Or Die Trading by Bo Yoder
Bring consistency to your trading.
A s any active trader knows, once a trade is\ninitiated, the market will do everything in its\npower to convince you that you are an idiot\nwho has just put on the worst trade in the\nhistory of mankind. The market will form\nlittle false starts and head-fakes, then go dead\nin the water as it tries to bore you to death. These whips and\njiggles ask you constantly, “Are you sure about this trade?”\nand try to convince you to exit as the stock hacks and gasps\nits way toward your profit objective.
It takes great discipline and commitment to your trading\nplan to ignore these emotion-laden moves, and they will\nwreak havoc on your mental state if you’re not prepared for\nthem before you initiate the trade. This discipline and\nconfidence in your trading style comes with time and\nexperience. However, in working with my consulting clients,\nI have discovered a way to short-circuit this process\nand bring their trading to a new level of consistency. I call\nit “do or die” trading. More and more brokers are offering\nthe ability to tie a series of orders together, bringing the\n“OCO” order (also known as “one cancels the other”), which\nfutures traders have enjoyed for years, into the world of the\nequity trader."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-6-38-41-do-or-die-trading-by-bo-yoder-21.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-6-38-41-do-or-die-trading-by-bo-yoder-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-6-38-41-do-or-die-trading-by-bo-yoder-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v214howfitar,d,"{""minimum-quantity"":""1"",""path"":""ch6j20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:6 (46-50): How Fit Are You For Trading? by Ned Gandevani, Ph.D."",""caption-linebreaks"":""How Fit Are You For Trading? by Ned Gandevani, Ph.D.
Reach your full potential as a trader by understanding your\npsychological makeup.
Trading psychology plays an instrumental role\nin successful trading. Traders who are successful\nrealize they are not trading the markets\nbut rather their own psychology. But\nwhat does trading psychology really refer to?\nHow do you know if you have the proper\npsychological profile to be a trader? What style of trading\nsuits you best? What specific type of trading vehicle would\nbest fit your personality?
The trading personality test in the sidebar will help you\nidentify your trading personality profile (TPP). This test can be used to identify your strengths and weaknesses with regard\nto trading. This information will then help you to develop\nspecific strategies for optimizing your trading. To break\ndown various aspects of your personality, however, the fivefactor\nmodel is useful."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-6-46-50-how-fit-are-you-for-trading-by-ned-gandevani-ph-d-21.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-6-46-50-how-fit-are-you-for-trading-by-ned-gandevani-ph-d-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-6-46-50-how-fit-are-you-for-trading-by-ned-gandevani-ph-d-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v215chmabyda,d,"{""minimum-quantity"":""1"",""path"":""ch6j20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:6 (55): Charting The Market by David Penn"",""caption-linebreaks"":""Charting The Market by David Penn
THE S&P 500 AND THE WAR IN IRAQ
Here’s a sample Standard & Poor’s 500 chart showing some\nnews events in 2002–3 and accompanying market shifts.\nCoincidence? You decide."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-6-55-charting-the-market-by-david-penn-21.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-6-55-charting-the-market-by-david-penn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-6-55-charting-the-market-by-david-penn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v215mufutrme,d,"{""minimum-quantity"":""1"",""path"":""ch6j20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:6 (56-62): A Mutual Fund Trading Method by Norman J. Brown"",""caption-linebreaks"":""A Mutual Fund Trading Method by Norman J. Brown
Get better profits and reduce your risks by\nusing the one-rank method to select mutual\nfunds to trade.
There are many techniques\nand tools you can use to\ndefine turning points that\ngenerate trading signals. In\nthis article I will discuss an\napproach that uses only very short-term persistence — that is, from\none day to the next. I refer to this one-day\nprinciple as “one rank” (OR). The trading\nrules are simple, and historical evidence\nfrom the last 13-plus years clearly shows\nthat using OR to select mutual funds can\nhelp you gain substantial profits and reduce\nyour risks.
BACKGROUND
The OR technique is critically dependent\non the short-term persistence of the mutual\nfund you are trading. There are several\nmutual fund trading schemes that make\nuse of the concept of “persistence of price”\nor “momentum.” But what does “persistence”\nmean in this use?"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-6-56-62-a-mutual-fund-trading-method-by-norman-j-brown-21.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-6-56-62-a-mutual-fund-trading-method-by-norman-j-brown-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-6-56-62-a-mutual-fund-trading-method-by-norman-j-brown-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v215siimfaby,d,"{""minimum-quantity"":""1"",""path"":""ch6j20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:6 (58): Sidebar: Implementing FastTrack by Norman J. Brown"",""caption-linebreaks"":""Sidebar: Implementing FastTrack by Norman J. Brown
IMPLEMENTING FASTTRACK
The program I use is Investors FastTrack (DOS\nversion). To set up the required three screens to\nview the proposed OR technique, type “P,” then\n“TTAA2,” and hit Enter. The TT screen displays the\nfund (F) and the index (I). In sidebar Figure 1, the top\n“T” red curve is the underlying fund, with the BH ANN\nof 16.2%. To display the mutual fund, DFSCX, use the\n“F” key, then type DFSCX. In order to rank DFSCX\ndaily, it needs to be compared to a threshold; -1.0%\nannually (-0.004%/day) works well, and is implemented\nby using the “I” key and typing -1%. The\nindex fund is represented on the chart by the nearly\nflat green line."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-6-58-sidebar-implementing-fasttrack-by-norman-j-brown-21.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-6-58-sidebar-implementing-fasttrack-by-norman-j-brown-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-6-58-sidebar-implementing-fasttrack-by-norman-j-brown-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v216sicaorin,d,"{""minimum-quantity"":""1"",""path"":""ch6j20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:6 (60): Sidebar: Calculating OR In Excel by Norman J. Brown"",""caption-linebreaks"":""Sidebar: Calculating OR In Excel by Norman J. Brown
CALCULATING OR IN EXCEL
The OR-switching performance of a mutual\nfund’s NAV can be calculated in an\nExcel spreadsheet (sidebar Figure 2).\nHere, the data for one of the longest streak\nfunds (DFSCX) was exported to Excel and\nentered in columns A and B (A2 to A3465\ncovering the time period September 1,\n1988, to May 23, 2002). The data has\nbeen corrected for dividends, splits, and\nboth long- and short-term capital gains."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-6-60-sidebar-calculating-or-in-excel-by-norman-j-brown-20.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-6-60-sidebar-calculating-or-in-excel-by-norman-j-brown-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-6-60-sidebar-calculating-or-in-excel-by-norman-j-brown-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v216qabydonb2,d,"{""minimum-quantity"":""1"",""path"":""ch6j20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:6 (69): Q&A by Don Bright"",""caption-linebreaks"":""Q&A by Don Bright
DIVIDEND PLAY
Do you know the exact time when dividend\nownership is recorded? Is it at the\nclose? For example, MO (Altria Group,\nInc.) trades ex-dividend. Say the dividend\ntomorrow will be 64 cents. Could\nsomeone buy at the close, sell aftermarket,\nand capture the dividend (assuming\nthey can sell it aftermarket near the\nNYSE close price)? — vhehn
First off, it is the overnight holder\n(settlement date) of the stock prior to the\nex-dividend date who is eligible for payment.\nAfterhours trades are treated as\nsame-day trades for clearing and settlement.\nIt’s a nice idea, but dividend plays\nare usually contingent on using options\nin connection with collecting the dividend."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-6-69-q-a-by-don-bright-20.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-6-69-q-a-by-don-bright-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-6-69-q-a-by-don-bright-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v218invemapr,d,"{""minimum-quantity"":""1"",""path"":""ch6j20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:6 (82-89): Interview: Vetting The Market: Price Headley by Jayanthi Gopalakrishnan"",""caption-linebreaks"":""Interview: Vetting The Market: Price Headley by Jayanthi Gopalakrishnan
BigTrends.com founder Price Headley started out to be a veterinarian\nspecializing in horses, but he ended up as a trader, a\ntechnician, and an investor. How, you ask? It started with a\ntrading contest — and his life was never the same. Headley has\nappeared regularly on FoxNews as well as CNBC and Bloomberg\nTV, and in a variety of national financial media, including The\nWall Street Journal, Barron’s, Investor’s Business Daily, and\nUSA Today. Headley, a graduate of Duke University, is a\nmember of the Market Technicians Association and is also a\nChartered Financial Analyst (CFA) charterholder.
Headley was ranked in Timer Digest’s Top 10 for stock market\ntiming for 2000, and he wrote the Amazon investing bestseller,\nBig Trends In Trading: Strategies To Master Major Market\nMoves. STOCKS & COMMODITIES Editor Jayanthi Gopalakrishnan\ninterviewed Price Headley, who speaks regularly to investment\naudiences nationwide, on April 2, 2003, via telephone."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-6-82-89-interview-vetting-the-market-price-headley-by-jayanthi-gopalakrishnan-20.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-6-82-89-interview-vetting-the-market-price-headley-by-jayanthi-gopalakrishnan-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-6-82-89-interview-vetting-the-market-price-headley-by-jayanthi-gopalakrishnan-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v219exyoopby,d,"{""minimum-quantity"":""1"",""path"":""ch6j20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:6 (96): Explore Your Options by Tom Gentile"",""caption-linebreaks"":""Explore Your Options by Tom Gentile
CREDIT AND DEBIT SPREADS
What are some money management tips\nfor credit and debit spreads? Specifically,\nwhen should I get out if a spread\ngoes against me? —Bob
Great question. By purchasing or selling\nspreads, you’ve minimized the risks\nof stock ownership while maintaining a\ngreater potential return on investment.\nHowever, just because you have taken\nthe measure to place a spread trade\ndoesn’t mean you should just “set it and\nforget it.” So when exactly is the best\ntime to get out of a spread? Since you\nasked for both a debit and credit spread,\nit requires two different answers:..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-6-96-explore-your-options-by-tom-gentile-20.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-6-96-explore-your-options-by-tom-gentile-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-6-96-explore-your-options-by-tom-gentile-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v219prreinby,d,"{""minimum-quantity"":""1"",""path"":""ch6j20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:6 (98-100): Product Review: InTeLyze by Dennis D. Peterson"",""caption-linebreaks"":""Product Review: InTeLyze by Dennis D. Peterson
A quick look at InTeLyze’s\nwelcome page (Figure 1)\nshould give you an idea\nof the breadth that is covered\nin this technical\nanalysis course. The material, which is\nfairly comprehensive, is something novice\ntraders should find of value. And if\nyou choose to take a break while you are\ngoing through the CD, you can always\nfind your way back to where you left off\nby using the handy “Resume my course”\nbutton (after saving your position)."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-6-98-100-product-review-intelyze-by-dennis-d-peterson-20.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-6-98-100-product-review-intelyze-by-dennis-d-peterson-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-6-98-100-product-review-intelyze-by-dennis-d-peterson-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v211letoscby1,d,"{""minimum-quantity"":""1"",""path"":""ch7j20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:7 (10-16): Letters To S&C by Technical Analysis, Inc."",""caption-linebreaks"":""Letters To S&C by Technical Analysis, Inc.
S&C TRADERS’ GLOSSARY
Editor,
Your magazine advises readers to “Log\nonto our website at Traders.com for\nour comprehensive Traders’ Glossary.” But where on earth did you hide it?\nWhy not put a link in an obvious place\non your homepage?\nRICHARD KRANE, via e-mail
The S&C Traders’ Glossary can be\nfound at:\nhttp://www.traders.com/Documentation/\nRESource_docs/Glossary/\nglossary.html
Or go to our homepage at Traders.com,\nthen click on “Stocks & Commodities”\nin the red box on the left containing the\ncontents listing, then click on “Glossary.”\nThis is in the red box on the left\nside of your screen, under the subheading\n“1982 to present.”"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-7-10-16-letters-to-s-c-by-technical-analysis-inc-20.gif"",""height"":""263"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-7-10-16-letters-to-s-c-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-7-10-16-letters-to-s-c-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v211bofortrb3,d,"{""minimum-quantity"":""1"",""path"":""ch7j20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:7 (122): Books For Traders by Technical Anlaysis, Inc."",""caption-linebreaks"":""Books For Traders by Technical Anlaysis, Inc.
• Getting An Investing Game Plan
• The Motley Fool Investment\nWorkbook: Completely\nRevised And Expanded
• New Insights On Covered\nCall Writing: The Powerful\nTechnique That Enhances\nReturn And Lowers Risk In\nStock Investing
• The Individual Investor’s Guide To The\nTop Mutual Funds: 22nd Edition
• The Ultimate Book\nOn Stock Market\nTiming, Volume 4:\nSolar/Lunar Correlations\nTo Short-\nTerm Trading Reversals
• Yes, You Can Time The Market
• It’s Never Too Late To Get\nRich: The Nine Secrets To\nBuilding A Nest Egg At Any\nTime
• Credit Portfolio Management"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-7-122-books-for-traders-by-technical-anlaysis-inc-20.gif"",""height"":""263"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-7-122-books-for-traders-by-technical-anlaysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-7-122-books-for-traders-by-technical-anlaysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v212tralwicc,d,"{""minimum-quantity"":""1"",""path"":""ch7j20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:7 (20-27): Trend Alert! With The CCI by Martin Boot"",""caption-linebreaks"":""Trend Alert! With The CCI by Martin Boot
The trend is your friend — or is it?
How do you know when a trend has turned\nagainst you? There are only so many\nindicators that can alert you. Among\nthem, one of the most helpful is the\ncommodity channel index (CCI). Introduced by Donald\nLambert in 1980, the CCI is a price momentum indicator\nthat measures a security price’s variance from its\nstatistical mean. It is commonly considered useful in\ndetermining the beginning and end of a trend.
It does so effectively, but it can also be used in\nanother way. When I was engaged in a major research\nproject involving statistical analysis of more than\n8,000 NYSE/Nasdaq stocks over a five-year period, I\ntested well-known technical indicators as well as\ntechnical patterns. The results were intriguing."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-7-20-27-trend-alert-with-the-cci-by-martin-boot-20.gif"",""height"":""263"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-7-20-27-trend-alert-with-the-cci-by-martin-boot-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-7-20-27-trend-alert-with-the-cci-by-martin-boot-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v212sica11cc,d,"{""minimum-quantity"":""1"",""path"":""ch7j20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:7 (24): Sidebar: Calculating An 11-Period CCI by Martin Boot"",""caption-linebreaks"":""Sidebar: Calculating An 11-Period CCI by Martin Boot
CALCULATING AN 11-PERIOD CCI
The commodity channel index\n(CCI) can be calculated\nusing any lookback period\nchosen by the trader."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-7-24-sidebar-calculating-an-11-period-cci-by-martin-boot-21.gif"",""height"":""263"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-7-24-sidebar-calculating-an-11-period-cci-by-martin-boot-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-7-24-sidebar-calculating-an-11-period-cci-by-martin-boot-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v212cyvoandc,d,"{""minimum-quantity"":""1"",""path"":""ch7j20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:7 (28-36): Cycles, Volatility, And Chart Formations by Daniel L. Chesler, CTA, CMT"",""caption-linebreaks"":""Cycles, Volatility, And Chart Formations by Daniel L. Chesler, CTA, CMT
Understanding the building blocks of classical chart patterns\ncan improve your analysis and trading results. Here’s how.
A nyone who has studied or traded with classical\nchart patterns for several years knows the\nunmistakable feeling when a good pattern develops.\nThe better patterns tend to stand out\nfrom the marginal ones, regardless of their\nshape or classification. This led me to realize that it was the similarities between chart patterns that were\nimportant, rather than the differences as defined by pattern\nnames such as head-and-shoulders, triangle, and so on. It became apparent that a model was needed to bridge the gap\nbetween the minutiae of classical chart pattern definitions\nand the common features shared by chart patterns in general.\nSpecifically, the model’s goals are to:
• Offset the lack of classical chart pattern specificity by\nproviding a less subjective though still not entirely\nfixed criterion for identifying patterns.
• Serve as a notional benchmark for distinguishing valid\nchart pattern behavior from other types of market\nbehavior, such as trending and exhaustion behavior.
• Minimize the risk of an implied directional bias by\nexcluding the use of traditional “bull,” “bear,” or pattern\nshape terminology."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-7-28-36-cycles-volatility-and-chart-formations-by-daniel-l-chesler-cta-cmt-20.gif"",""height"":""263"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-7-28-36-cycles-volatility-and-chart-formations-by-daniel-l-chesler-cta-cmt-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-7-28-36-cycles-volatility-and-chart-formations-by-daniel-l-chesler-cta-cmt-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v213qabydonb1,d,"{""minimum-quantity"":""1"",""path"":""ch7j20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:7 (37): Q&A by Don Bright"",""caption-linebreaks"":""Q&A by Don Bright
SPECIALISTS
Assuming specialists make money and\ntrading with them provides an edge, how\ndo you feel about jumping in when the\nspecialist is getting steamrolled? What\ntricks are in the specialist’s playbook for\na situation like that? Is he able to go short\nand cover lower, or is he getting longer\nand longer as the day drags on? — kztd
When a stock (or specialist) is “getting\nsteamrolled” (which is rare), you\nwill still see minor offset moves. For\nexample, suppose that a stock opens for\nthe day down a few dollars, but it still\nupticks a full 20 cents before heading\nsouth again."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-7-37-q-a-by-don-bright-20.gif"",""height"":""263"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-7-37-q-a-by-don-bright-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-7-37-q-a-by-don-bright-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v213rebychsa,d,"{""minimum-quantity"":""1"",""path"":""ch7j20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:7 (38-41): Regularization by Chris Satchwell, Ph.D."",""caption-linebreaks"":""Regularization by Chris Satchwell, Ph.D.
In the lexicon of technical analysis, terms such as\nmoving averages and least-squares regressions\nare commonly understood. But what about regularization?\nDespite their potential, regularization\ntechniques are poorly understood and little used.
Ultimately, indicators exist to aid trading\ndecisions. Most indicators are\nused in relation to price-related\ntasks, and there is a crucial and\n(usually) underresearched step involved\nin interpreting their values to obtain trading\ndecisions. Such a step might be the crossover of\ntwo moving averages, or an indicator penetrating\na threshold value."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-7-38-41-regularization-by-chris-satchwell-ph-d-21.gif"",""height"":""263"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-7-38-41-regularization-by-chris-satchwell-ph-d-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-7-38-41-regularization-by-chris-satchwell-ph-d-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v214fithmato,d,"{""minimum-quantity"":""1"",""path"":""ch7j20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:7 (48-52): Find Those Market Tops by David Hawkins"",""caption-linebreaks"":""Find Those Market Tops by David Hawkins
When is a rally just a rally, and when is it\nthe end of a bear market?
The long-term bear market\nthat started in the year 2000\nhas been punctuated by several\nintermediate-term rallies,\neach of which, so far,\nhas failed to bring down the bear. When you’re within such a rally, you\ndon’t know if it is the end of the long-term\nbear or if it’s just another intermediate-term\nrally that will fail. You need an indicator,\nsomething that will give a signal when a\nrally is running out of steam and is getting\nready to roll over."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-7-48-52-find-those-market-tops-by-david-hawkins-21.gif"",""height"":""263"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-7-48-52-find-those-market-tops-by-david-hawkins-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-7-48-52-find-those-market-tops-by-david-hawkins-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v215exyoopby,d,"{""minimum-quantity"":""1"",""path"":""ch7j20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:7 (53): Explore Your Options by Tom Gentile"",""caption-linebreaks"":""Explore Your Options by Tom Gentile
VOLATILITY
What exactly is volatility and how is it\nused to trade options? — S.L.
Volatility is simply the rate of change in\na stock, index, or futures contract over a\nspecific period of time. There are two\ntypes that we are concerned with when\ntrading options: historical and implied.\nWhen speaking of the movement of the\nstock as it has occurred in the past, we’re\nreferring to historical volatility. After using\na fairly complex formula to calculate\nhistorical volatility, we can use the result\nto “guesstimate” where a stock should end\nup over the same period of time. Implied\nvolatility is the market’s assumption of\nwhere the stock is going in the future,\nreflected (or implied) in its option price."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-7-53-explore-your-options-by-tom-gentile-20.gif"",""height"":""263"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-7-53-explore-your-options-by-tom-gentile-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-7-53-explore-your-options-by-tom-gentile-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v21687invisp,d,"{""minimum-quantity"":""1"",""path"":""ch7j20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:7 (62-66, 87): Interview: Victor Sperandeo by Jayanthi Gopalakrishnan"",""caption-linebreaks"":""Interview: Victor Sperandeo by Jayanthi Gopalakrishnan
He’s seen the good times, he’s seen the bad times. A trader and\nmoney manager, Victor Sperandeo has 38 years’ experience in Wall\nStreet. He has managed money and traded for institutional accounts\nand well-known professionals such as George Soros and Lee\nCooperman. He is especially known for his ability to make money in\ndeclining financial markets. Throughout his career, Sperandeo has\nplaced a greater emphasis on loss avoidance than on scoring large\ngains. He has authored two books detailing his philosophy: Trader\nVic – Methods Of A Wall Street Master and Trader Vic II –\nPrinciples Of Professional Speculation. Just out is his third book,\nthis time a novel: Crashmaker: A Federal Affaire. STOCKS & COMMODITIES\nEditor Jayanthi Gopalakrishnan spoke with “Trader Vic”\nSperandeo on April 30, 2003."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-7-62-66-87-interview-victor-sperandeo-by-jayanthi-gopalakrishnan-20.gif"",""height"":""263"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-7-62-66-87-interview-victor-sperandeo-by-jayanthi-gopalakrishnan-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-7-62-66-87-interview-victor-sperandeo-by-jayanthi-gopalakrishnan-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v216chmabyda,d,"{""minimum-quantity"":""1"",""path"":""ch7j20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:7 (67): Charting The Market by David Penn"",""caption-linebreaks"":""Charting The Market by David Penn
THE RELATIVE STRENGTH INDEX
Writing about his relative strength index (RSI) in 1978, J.\nWelles Wilder noted five different ways that the indicator\ncould be helpful to investors and traders. These include\nidentifying tops and bottoms; confirming chart patterns;\nlooking for “failure swings”; gauging support and resistance;\nand spotting divergences between rising or falling indicator\naction versus price action."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-7-67-charting-the-market-by-david-penn-20.gif"",""height"":""263"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-7-67-charting-the-market-by-david-penn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-7-67-charting-the-market-by-david-penn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v216prrehoby,d,"{""minimum-quantity"":""1"",""path"":""ch7j20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:7 (68-69): Product Review: HotScans by Dennis D. Peterson"",""caption-linebreaks"":""Product Review: HotScans by Dennis D. Peterson
Active traders and swing\ntraders: Help is here. This\nwebsite package is for\nyou. Keith Schneider,\npresident of DataView and a former floor trader, decided he\nwanted to start trading again, and searched for a daytrading tool. This led\nto the development of HotScans, a product\nthat is designed to support daytrading.
HotScans finds bullish or bearish\nintraday price and volume patterns as\nthey are developing, using as many as\nthree different intraday time frames.\nYou can, of course, look for volume\nmoves or price moves only. If you had\na wish list of requirements for finding\nmomentum stocks, HotScans would be\nthe system that makes just about all of\nyour wishes come true."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-7-68-69-product-review-hotscans-by-dennis-d-peterson-21.gif"",""height"":""263"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-7-68-69-product-review-hotscans-by-dennis-d-peterson-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-7-68-69-product-review-hotscans-by-dennis-d-peterson-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v217coloands,d,"{""minimum-quantity"":""1"",""path"":""ch7j20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:7 (70-75): Combining Long And Short Funds by Norman J. Brown"",""caption-linebreaks"":""Combining Long And Short Funds by Norman J. Brown
Obtain better profits and reduce your risks by using this\nmethod to select mutual funds for trading.
In the June 2003 issue of STOCKS & COMMODITIES,\nin my article “A Mutual Fund Trading\nMethod,” we saw some excellent trading results\nusing just one mutual fund. The method I\nused was a one-day, one-fund daily ranking\nthat determined buy and sell entry points. When not invested in the ranked fund, you were either out of the\nmarket or in a money market fund until another buy signal\nwas triggered.
This time, I’ll use the previous one-day, one-fund daily\nranking (OR) and expand it to allow replacing the money\nmarket fund with a “short” (beta = -1) version of the basic\n“long” fund. I will refer to the long process as “ORL,”\ninvesting short (only) will be “ORS,” and the combination\nwill be “ORLS.”"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-7-70-75-combining-long-and-short-funds-by-norman-j-brown-21.gif"",""height"":""263"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-7-70-75-combining-long-and-short-funds-by-norman-j-brown-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-7-70-75-combining-long-and-short-funds-by-norman-j-brown-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v217wefortrw1,d,"{""minimum-quantity"":""1"",""path"":""ch7j20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:7 (79): Websites For Traders: Wellinvested.com by Jayanthi Gopalakrishnan"",""caption-linebreaks"":""Websites For Traders: Wellinvested.com by Jayanthi Gopalakrishnan
WELLINVESTED.COM
Even with the plethora of technical\nanalysis–related websites available and\nnew ones popping up, it is difficult to\nfind gems. One that I found very impressive\nis wellinvested.com, recently\nlaunched by trader David Maynard. For\n$29.99 per month for equities and $49.99\nfor futures, what you get is a rich set of\nfeatures that any technical trader will\nfind of interest. There is also a 30-day\nfree evaluation available. No special\nhardware has to be installed on your\ncomputer, and dedicated datafeeds are\nnot required."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-7-79-websites-for-traders-wellinvested-com-by-jayanthi-gopalakrishnan-21.gif"",""height"":""263"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-7-79-websites-for-traders-wellinvested-com-by-jayanthi-gopalakrishnan-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-7-79-websites-for-traders-wellinvested-com-by-jayanthi-gopalakrishnan-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v218inrebyda,d,"{""minimum-quantity"":""1"",""path"":""ch7j20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:7 (80-81): Intermarket Review by David Penn"",""caption-linebreaks"":""Intermarket Review by David Penn
• MSCI SINGAPORE INDEX FUND
• MSCI HONG KONG INDEX FUND
• MSCI MALAYSIA INDEX FUND
• MSCI JAPAN INDEX FUND"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-7-80-81-intermarket-review-by-david-penn-20.gif"",""height"":""263"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-7-80-81-intermarket-review-by-david-penn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-7-80-81-intermarket-review-by-david-penn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v218fisttowi,d,"{""minimum-quantity"":""1"",""path"":""ch7j20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:7 (82-87): Five Steps To A Winning Trading System by Matt Blackman"",""caption-linebreaks"":""Five Steps To A Winning Trading System by Matt Blackman
Whether you use your own system or someone else’s, a big\npart of the development of any trading strategy is testing to\nsee how well it works. Here we go through the step-by-step\nprocess of how to test a system that uses Martin Pring’s Know\nSure Thing (KST) indicator.
As part of a continuing education in technical\nanalysis, there are two books that should not\nbe overlooked by serious traders. They are\nTechnical Analysis Of The Financial Markets\nby John J. Murphy and Technical\nAnalysis Explained by Martin J. Pring.\nBoth are, in fact, required reading for those who wish to\nobtain the Chartered Market Technician (CMT) designation\nawarded by the Market Technicians Association.\nPring is also the creator of a custom indicator he refers to\nas the “KST (Know Sure Thing),” which plots the moving\naverages of a series of rates of change (ROC) with various\nweightings. The indicator is designed to analyze trend and\nwarn of impending change. Like other momentum indicators,\ndivergence is an important component in the KST to provide\nwarning of impending trend reversals. The KST combines a\nmomentum indicator with an analysis of time cycles, so it\nworks best with equities that are more cyclical in nature."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-7-82-87-five-steps-to-a-winning-trading-system-by-matt-blackman-20.gif"",""height"":""263"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-7-82-87-five-steps-to-a-winning-trading-system-by-matt-blackman-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-7-82-87-five-steps-to-a-winning-trading-system-by-matt-blackman-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v218sicakstb,d,"{""minimum-quantity"":""1"",""path"":""ch7j20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:7 (86): Sidebar: Calculating the KST by Matt Blackman"",""caption-linebreaks"":""Sidebar: Calculating the KST by Matt Blackman
CALCULATING THE KST
The suggested parameters for short,\nintermediate and long term can be\nfound in sidebar Figure 1."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-7-86-sidebar-calculating-the-kst-by-matt-blackman-21.gif"",""height"":""263"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-7-86-sidebar-calculating-the-kst-by-matt-blackman-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-7-86-sidebar-calculating-the-kst-by-matt-blackman-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v218prretr21,d,"{""minimum-quantity"":""1"",""path"":""ch7j20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:7 (88-90): Product Review: TradingSolutions 2.1 by Dennis D. Peterson"",""caption-linebreaks"":""Product Review: TradingSolutions 2.1 by Dennis D. Peterson
TradingSolutions (TS) is a\nneural network product that\nnow supports real-time\ndatafeeds in addition to\nend-of-day datafeeds.\nThere are a lot of reasons to like this\nproduct. For me, the biggest reason is its\nflexibility. I can try a range of inputs to\nsee what might work with a particular\ntrading style. For example, this might\nmean trading by incorporating stops,\ncompared with maximum profit versus\nbest Sharpe ratioÝ (higher Sharpe ratios have smaller drawdowns). Or, I might\nwant to fuss with the date ranges of the\ntraining period versus the cross-validation\nand testing periods, so I am comfortable\nwith the predictive capabilities.\nWith TS, I can do all this and much\nmore."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-7-88-90-product-review-tradingsolutions-2-1-by-dennis-d-peterson-21.gif"",""height"":""263"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-7-88-90-product-review-tradingsolutions-2-1-by-dennis-d-peterson-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-7-88-90-product-review-tradingsolutions-2-1-by-dennis-d-peterson-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v219prreqc43,d,"{""minimum-quantity"":""1"",""path"":""ch7j20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:7 (91-94): Product Review: QCharts 4.3 by David Penn"",""caption-linebreaks"":""Product Review: QCharts 4.3 by David Penn
What defines quality market\nanalysis software?\nFor some, a fundamental\norganizing principle\naround which the software is built is important. Not only is\nthis quality important for seamless integration\nof the various components of\nthe software, but an organizing principle also makes the software easier to\nboth explore and use. So much market\nanalysis software has exciting and innovative\ncomponents and modules, yet\nwhen these components and modules\nappear to be too significantly different\nfrom each other, they often go un- or\nunderused by traders and analysts who\nmight otherwise find these aspects of\nthe software to be exactly what they\nhave been looking for."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-7-91-94-product-review-qcharts-4-3-by-david-penn-21.gif"",""height"":""263"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-7-91-94-product-review-qcharts-4-3-by-david-penn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-7-91-94-product-review-qcharts-4-3-by-david-penn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v219trtibyte1,d,"{""minimum-quantity"":""1"",""path"":""ch7j20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:7 (95-106,120): Traders’ Tips by Technical Analysis, Inc."",""caption-linebreaks"":""Traders’ Tips by Technical Analysis, Inc.
• TRADESTATION: REGULARIZATION\nIn his article in this issue, titled “Regularization,” Chris\nSatchwell describes a regularized exponential moving average.
• TRADESTATION: THRUST OSCILLATOR\nDavid Hawkins’ article in this issue, “Find Those Market\nTops,” demonstrates the use of a thrust oscillator."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-7-95-106-120-traders-tips-by-technical-analysis-inc-20.gif"",""height"":""263"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-7-95-106-120-traders-tips-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-7-95-106-120-traders-tips-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v211trrebrfo,d,"{""minimum-quantity"":""1"",""path"":""ch8a20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:8 (104-113): Traders Resource: Brokerages For Traders by Techincal Analysis, Inc."",""caption-linebreaks"":""Traders Resource: Brokerages For Traders by Techincal Analysis, Inc.
Self-directed traders, as STOCKS & COMMODITIES\nreaders usually are, have more\nchoices than ever in their ongoing search\nfor speed, pricing efficiency, and good\naccounting when it comes to brokerages.\nFirst, you have to find a brokerage\nthat handles your tradable; full-service\nbrokerages dealing with equities, options,\nfutures, bonds, mutual funds, foreign exchange, and\ncash goods are usually full-priced as well. A little scouting,\nhowever, will get you a brokerage targeted on your market of\ninterest.
After that, your first question these days might be, “How\nfast can I execute an order?” Look for whether the brokerage\noffers direct access to automated exchange trading systems,\nmarket makers, and electronic communications networks (ECNs). If not, check to see if there is at least the firstgeneration\nelectronic trading capability of placing orders\nonline through the Internet. Absent that, you’re relegated to\nold-fashioned phone calls.
With the presence of freely available company information\nover the Internet, retail brokerage research is less valuable\nthan it ever has been. Nevertheless, if you’re in less\nintensively studied but highly commercial markets such as\nfutures, a brokerage’s ability to provide market statistics,\nhedging activity reports, and other commercial information\nmay be critical to your trading and investing decisions.
Finally, don’t forget the security of your money. Inquire\nabout a brokerage’s clearing operations, and if you’re in equities,\nabout Securities Investor Protection Corp. (SIPC) coverage."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-8-104-113-traders-resource-brokerages-for-traders-by-techincal-analysis-inc-20.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-8-104-113-traders-resource-brokerages-for-traders-by-techincal-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-8-104-113-traders-resource-brokerages-for-traders-by-techincal-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v211bofortrb4,d,"{""minimum-quantity"":""1"",""path"":""ch8a20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:8 (122): Books For Traders by Technical Analysis, Inc."",""caption-linebreaks"":""Books For Traders by Technical Analysis, Inc.
• The Candlestick\nCourse
• Blind Faith: Our Misplaced\nTrust In The Stock Market\nAnd Smarter, Safer Ways\nTo Invest
• Investment Guarantees: Modeling And Risk Management\nFor Equity-Linked Life Insurance
• Investing In Hedge Funds:\nStrategies For The New\nMarketplace
• The Money-Making\nGuide To Bonds
• The Motley Fool — What\nTo Do With Your Money\nNow: Ten Steps To Staying\nUp In A Down Market
• Enterprise Risk Management:\nFrom Incentives\nTo Controls"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-8-122-books-for-traders-by-technical-analysis-inc-20.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-8-122-books-for-traders-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-8-122-books-for-traders-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v211letoscby2,d,"{""minimum-quantity"":""1"",""path"":""ch8a20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:8 (14-17): Letters To S&C by Technical Analysis, Inc."",""caption-linebreaks"":""Letters To S&C by Technical Analysis, Inc.
MARKET PROFILE
Editor,
A letter from Matt Thomson\nin the May 2003 S&C\nasks, “How do you determine\nwhat the value area\nfor the next day is?” You\nresponded that the answer could be found\nin earlier articles on Market Profile.
The correct answer is that Market\nProfile does not predict the next day’s\nvalue area. A quote from my September\n1987 article in STOCKS & COMMODITIES\n(S&C V.5:8, “Estimating The\nMarket Profile Value Area For Intraday\nTrading”) is explicit: “We really do\nnot know where the market is going.”
The value area at the end of the current\nday is a one-day snapshot of market\nvaluation. The trader goes into the next\nday knowing the previous day’s support\nand resistance points. If value changes,\nwhich it often does, the trader can pinpoint\nthe breakout.
Market Profile is widely used by\ndaytraders. Information is readily available\nfrom S&C articles, CBOT publications,\ntwo books (Mind Over Markets\nand Value Based Power Trading), and\nthe CISCO website.
DON JONES\ndljones@cisco-futures.com"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-8-14-17-letters-to-s-c-by-technical-analysis-inc-21.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-8-14-17-letters-to-s-c-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-8-14-17-letters-to-s-c-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v211daebylac,d,"{""minimum-quantity"":""1"",""path"":""ch8a20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:8 (18-26): Daytrading The E-Mini by Lawrence Chan"",""caption-linebreaks"":""Daytrading The E-Mini by Lawrence Chan
Data Reduction - Daytrading The E-Mini
See how reducing data can boost your trading system\nperformance.\nI will show you how to preprocess raw data in such\na way that even a simple trading system will perform\nwith excellent results.
There are many aspects of trading system\ndesign. Traders often focus on\nsignal generation and money management,\nbut ignore the most important\nand fundamental issue of all: the data.
INTRODUCTION
The Standard & Poor’s e-miniÝ is the hottest index\nfuture traded at the Chicago Mercantile Exchange\n(CME). To trade a single S&P e-mini contract, you\nneed a futures brokerage account and enough money\nto cover the margin. It’s a very popular instrument\namong daytraders, since they can buy and sell this\ncontract as many times as they wish without worrying\nabout the complex margin requirements of stock\ndaytrading."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-8-18-26-daytrading-the-e-mini-by-lawrence-chan-21.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-8-18-26-daytrading-the-e-mini-by-lawrence-chan-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-8-18-26-daytrading-the-e-mini-by-lawrence-chan-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v212fxdacoby,d,"{""minimum-quantity"":""1"",""path"":""ch8a20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:8 (28-34): The FX Daily Conundrum by Kristian Kerr"",""caption-linebreaks"":""The FX Daily Conundrum by Kristian Kerr
Hours And Days - The FX Daily Conundrum
In a 24-hour market, what is the best time frame to use when\nlooking at charts?
The rising popularity of foreign exchange\ntrading over the past few years has been\nimpressive. Equity traders fed up with trying\nto eke out profits in the brutal bear market\nenvironment have flocked to the fast-paced\nspot currency markets in record volumes.\nThis rise in forex’s popularity can mostly be attributed to the\nclear advantages that currency trading has over other markets. Unlike trading equities, foreign exchange offers traders\ntrue 24-hour trading, excellent liquidity (over $1.5 trillion a\nday), and great leverage (up to 200 to 1).
Another big factor behind the increase in retail spot exchange\nvolume has been technically driven equity traders\nwho are switching to currencies. The technical nature of this\nmarket makes it much easier for equity traders to switch to\nforeign exchange (also referred to as forex or FX) than to\nother markets, although forex does have its own nuances that\nmust be understood. The biggest issue for most technical\ntraders making the switch is the daily chart. Due to the\nstructure and nature of the currency market, the daily is not as\neffective and useful in FX as it is in equity trading."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-8-28-34-the-fx-daily-conundrum-by-kristian-kerr-21.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-8-28-34-the-fx-daily-conundrum-by-kristian-kerr-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-8-28-34-the-fx-daily-conundrum-by-kristian-kerr-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v213qabydonb2,d,"{""minimum-quantity"":""1"",""path"":""ch8a20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:8 (35): Q&A by Don Bright"",""caption-linebreaks"":""Q&A by Don Bright
TRADING NEWS
There are a couple of news scenarios\nfor which I would like your input. If a\nstock you play regularly has announced\nearnings since the last trading session,\nwill you play it on the opening? If so, do\nyou adjust the envelope for this symbol?\nWhat about earnings “guidance” and\nother significant news? Also, what about\nwhen there is no news on the symbol,\nbut there is significant news or earnings\non a stock in the same industry group or\non the industry group itself?
I understand that news is subjective\nand varies on a case-by-case basis.\nHowever, are there any rules of thumb\nthat you follow?
Thanks in advance —\nKnowFear"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-8-35-q-a-by-don-bright-21.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-8-35-q-a-by-don-bright-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-8-35-q-a-by-don-bright-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v213reenrsil,d,"{""minimum-quantity"":""1"",""path"":""ch8a20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:8 (36-43): Reverse Engineering RSI (ll) by Giorgos Siligardos, Ph.D."",""caption-linebreaks"":""Reverse Engineering RSI (ll) by Giorgos Siligardos, Ph.D.
The Revenge Of The Indicators - Reverse Engineering RSI (II)
I\nSimplify price projection and get a clearer visual representation\nwith these three indicators.
In the June 2003 STOCKS & COMMODITIES, I\nintroduced the RevEngRSI indicator and\nshowed how it could be used to project\nsupport/resistance levels for the price. In that\narticle, I also showed that the curve of this\nindicator is a transformation of a horizontal\nline from the relative strength index (RSI) graph to the price\ngraph, which carries the support-resistance attributes of the\nhorizontal line of the RSI graph into support-resistance\nattributes in the price graph. In this article, I will discuss\nthree more indicators that transform the trendlines and\nmoving averages of RSI into curves in the price graph,\nsimplifying the price projection method and improving its\nvisual representation.
REVENGEMARSI AND REVENGSMARSI
My June S&C article stated that:
• If P is an indicator (such as the closing price of an\nequity, or an oscillator, and so on), the value of\ntomorrow’s P that touches tomorrow’s k-period exponential\nmoving average (EMA) of P is exactly the value\nof today’s k-period exponential moving average of P."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-8-36-43-reverse-engineering-rsi-ll-by-giorgos-siligardos-ph-d-21.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-8-36-43-reverse-engineering-rsi-ll-by-giorgos-siligardos-ph-d-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-8-36-43-reverse-engineering-rsi-ll-by-giorgos-siligardos-ph-d-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v214exyoopby,d,"{""minimum-quantity"":""1"",""path"":""ch8a20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:8 (49): Explore Your Options by Tom Gentile"",""caption-linebreaks"":""Explore Your Options by Tom Gentile
FLEX OPTIONS
What are FLEX options?—A.M.
Flexible exchange (FLEX) options are\ntotally customizable equity and index\noptions that you can create under certain\nrequirements. They allow traders complete\nflexibility to create option contracts\nat unorthodox strikes, expiration\ndates, and styles (American or European).\nThese kinds of contracts have a\nminimum trade size of 250, so generally\nthe small trader isn’t partaking in the\nadvantages these instruments offer."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-8-49-explore-your-options-by-tom-gentile-21.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-8-49-explore-your-options-by-tom-gentile-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-8-49-explore-your-options-by-tom-gentile-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v215stfordab,d,"{""minimum-quantity"":""1"",""path"":""ch8a20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:8 (50-58): Strategies For Daytrading by Jacob Singer"",""caption-linebreaks"":""Strategies For Daytrading by Jacob Singer
These strategies could improve your daytrading.
Trading strategies that fall under the definition\nof daytrading can be confusing, because there\nare really three types of daytrading: intraday\ntrading, end-of-day trading, and daytrading.\nThe three kinds are similar, but there are clear\ndistinctions.
1. Intraday trading is when a trader makes a large number\nof trades in a single day, taking a one- or two-point profit\nand trading both short and long positions as the market\nchanges direction during the day. The objective is to have\nall of these small trades add up to a good profit at the end\nof the day. Positions are always closed out before the\nmarket closes. This type of trading can only be done\nwhen commissions charged per trade are very small.
2. End-of-day trading occurs when a trader takes a position\nin the morning as the market opens, and once a fill\nis received, places a target level to close the position.\nThe trader places a stop-loss in case the position moves\nagainst him or her, and closes all open positions at the\nend of the day.
3. Daytrading is similar to end-of-day trading, but positions\ncan be held overnight. This is because the first 15\nto 20 minutes of trading in the morning usually follow\nthe trend of the last 15 to 20 minutes before the previous\nday’s close. The daytrader takes a position during the\nday, planning to close out either that day or the follow-\ning one, whenever his trading target is met. He will\nwatch the position over the one or two days, all the while\nadjusting his stop-loss and allowing his profits to ride."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-8-50-58-strategies-for-daytrading-by-jacob-singer-21.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-8-50-58-strategies-for-daytrading-by-jacob-singer-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-8-50-58-strategies-for-daytrading-by-jacob-singer-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v215sirestby,d,"{""minimum-quantity"":""1"",""path"":""ch8a20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:8 (57): Sidebar: Red-Green Strategy by Jacob Singer"",""caption-linebreaks"":""Sidebar: Red-Green Strategy by Jacob Singer
RED-GREEN STRATEGY
Here’s the TechniFilter Plus formula for the red-green strategy. Green means\ngo or buy, and red means stop or sell. This strategy was a result of my research\ninto an effective daytrading strategy, and followed on the pivot-point strategy\noutlined. It works well, but only for certain stocks."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-8-57-sidebar-red-green-strategy-by-jacob-singer-21.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-8-57-sidebar-red-green-strategy-by-jacob-singer-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-8-57-sidebar-red-green-strategy-by-jacob-singer-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v215sihistby,d,"{""minimum-quantity"":""1"",""path"":""ch8a20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:8 (58): Sidebar: High-Low Strategy by Jacob Singer"",""caption-linebreaks"":""Sidebar: High-Low Strategy by Jacob Singer
HIGH-LOW STRATEGY
Here’s the TechniFilter Plus formula for the high-low strategy, which is an end-of-day strategy that takes advantage of the\nmarket movement in the first 15 minutes of the second day. Formulas as shown are for a long trading strategy, while\nformulas are reversed for a short trading strategy."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-8-58-sidebar-high-low-strategy-by-jacob-singer-21.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-8-58-sidebar-high-low-strategy-by-jacob-singer-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-8-58-sidebar-high-low-strategy-by-jacob-singer-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v215chmabyda1,d,"{""minimum-quantity"":""1"",""path"":""ch8a20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:8 (59): Charting The Market by David Penn"",""caption-linebreaks"":""Charting The Market by David Penn
ON-BALANCE VOLUME
Interviewed by BusinessWeek magazine late in the spring of\n2002, legendary market forecaster and technical analyst\nJoseph Granville was asked, “Does technical analysis still\nwork?” The journalist further wondered whether technical\nanalysis is superior to Wall Street analysis, and if so, whether\nGranville’s personal technical methods would work “forever.”\nGranville’s response was both classic Granville and\nclassic market technician:
Of course. Truth is never out of date. There’s only two things that\ncan change the value of a stock — supply and demand, the only\nthing I teach."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-8-59-charting-the-market-by-david-penn-21.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-8-59-charting-the-market-by-david-penn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-8-59-charting-the-market-by-david-penn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v216inrebyda,d,"{""minimum-quantity"":""1"",""path"":""ch8a20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:8 (64-65): Intermarket Review by David Penn"",""caption-linebreaks"":""Intermarket Review by David Penn
GOLDMAN SACHS COMMODITIES INDEX\nThe Goldman Sachs Commodities Index (GSCI) is a world production–weighted index of commodity prices based on the\naverage quantity of production for the last five years of available data. In addition to being a benchmark against which\ncommodity price performance can be judged, the subgroups of the GSCI are equally reliable measures of the price\nperformance of the various commodities that make up the GSCI. The provided weekly charts of these subgroups include both\nthe 20- and 50-period moving averages."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-8-64-65-intermarket-review-by-david-penn-21.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-8-64-65-intermarket-review-by-david-penn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-8-64-65-intermarket-review-by-david-penn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v21686in6byj,d,"{""minimum-quantity"":""1"",""path"":""ch8a20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:8 (66, 86-87): Investor/RT 6.1.5 by Jayanthi Gopalakrishnan"",""caption-linebreaks"":""Investor/RT 6.1.5 by Jayanthi Gopalakrishnan
For most active traders, the\nability to view charts, quotes,\nnews, and the value of their\nportfolio in real time and at\nthe same time is a necessity.\nThe market is saturated with products\nthat try to meet this need, so what makes\nInvestor/RT stand out? Quite a few\nthings. There’s the flexibility it offers,\nand Linn Software’s strong focus on\ntheir customers. Investor/RT is a powerful\ntool for analyzing market data,\nwhether you are trading equities, options,\nor futures. With this application,\na trader can analyze charts, quotes, and\nnews, view portfolios, create trading\nsystems, backtest them, and execute\ntrades (through an affiliated broker)."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-8-66-86-87-investor-rt-6-1-5-by-jayanthi-gopalakrishnan-21.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-8-66-86-87-investor-rt-6-1-5-by-jayanthi-gopalakrishnan-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-8-66-86-87-investor-rt-6-1-5-by-jayanthi-gopalakrishnan-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v216notrnoby,d,"{""minimum-quantity"":""1"",""path"":""ch8a20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:8 (67): Novice Trader’s Notebook by EMS Flynn"",""caption-linebreaks"":""Novice Trader’s Notebook by EMS Flynn
One-Day Reversals
One-day reversals occur when a\ntradable instrument in a trend\nsustains a sharp price spike and\nthen reverses, ending in a marked\nrise or drop. This formation,\nwhich is considered to be a potential\nkey reversal day, can be\nseen either at a top or a bottom.\nAccording to Thomas\nBulkowski, many one-day reversals\nrepresent “nothing more than\ntemporary pauses in the existing\ntrend after which the trend resumes\nits course.”\nThe one-day reversal occurs\nat the end of the trend. This pattern\ncan also be seen in a oneweek\nreversal."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-8-67-novice-trader-s-notebook-by-ems-flynn-21.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-8-67-novice-trader-s-notebook-by-ems-flynn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-8-67-novice-trader-s-notebook-by-ems-flynn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v216gorobysc,d,"{""minimum-quantity"":""1"",""path"":""ch8a20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:8 (68-70): The Goldman Roll by Scott Barrie and Kevin Warner"",""caption-linebreaks"":""The Goldman Roll by Scott Barrie and Kevin Warner
Does it affect the commodities markets?
The Goldman Sachs Commodity Index (GSCI)\nis a world production–weighted index that\nmeasures commodity market returns. The\nquantity of each commodity in the index is\ndetermined by the average quantity of production\nin the last five years. The GSCI is composed of commodities from all sectors. As you can see\nfrom Figure 1, energy, metals, and agriculture are all represented.\nThe variety of commodities ensures the GSCI is well\ndiversified, both across subsectors and within each subsector.\nThe GSCI encompasses a passive portfolio of long positions\nin the nearest-to-expiration futures contracts. Unlike a\npassive portfolio in equities, a passive one in futures con tracts requires regular transactions because, of course, futures\ncontracts expire. To avoid any possible deliveries,\nfutures close to expiration are rolled forward — that is,\nexchanged for contracts with the next closest expiration date\n— during the month preceding the contract month."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-8-68-70-the-goldman-roll-by-scott-barrie-and-kevin-warner-21.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-8-68-70-the-goldman-roll-by-scott-barrie-and-kevin-warner-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-8-68-70-the-goldman-roll-by-scott-barrie-and-kevin-warner-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v217wefortrp,d,"{""minimum-quantity"":""1"",""path"":""ch8a20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:8 (71): Websites For Traders: Pitnews.com by Jayanthi Gopalakrishnan"",""caption-linebreaks"":""Websites For Traders: Pitnews.com by Jayanthi Gopalakrishnan
PITNEWS.COM
Commodities traders need to be knowledgeable\nabout the fundamentals behind\ntheir trading. For example, grain\ntraders need to know the production\ncycle of specific crops: planting season,\nthe ideal soil conditions for growth,\nweather conditions, harvesting season,\nand so forth. Cocoa traders need information\non the crop seasons of the various\ncocoa-producing nations, as well as\nother factors such as common cocoa\ndiseases. Such knowledge will enable\ntraders to correlate price movements\nwith fundamentals."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-8-71-websites-for-traders-pitnews-com-by-jayanthi-gopalakrishnan-21.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-8-71-websites-for-traders-pitnews-com-by-jayanthi-gopalakrishnan-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-8-71-websites-for-traders-pitnews-com-by-jayanthi-gopalakrishnan-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v217prrealel,d,"{""minimum-quantity"":""1"",""path"":""ch8a20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:8 (72-76): Product Review: AlphOmega Elliott Waves by Dennis D. Peterson"",""caption-linebreaks"":""Product Review: AlphOmega Elliott Waves by Dennis D. Peterson
Do you want to include\nElliott\nwave analysis as\npart of your repertoire?\nIf so, then I highly recommend AlphOmega,\na MetaStock plug-in focusing on Elliott\nwave analysis. A private party based in\nMontreal offers this product — the culmination\nof years of analysis using\nElliott wave theory. Because he created\nthis product as a plug-in for MetaStock,\ndeveloper Robert Tassé was able to\nbacktest his approaches to see which\nwere the most reliable, and so can you.\nTassé is an active trader who uses his\nproduct each day. The plug-in has also\nbenefited from the feedback of other\nserious Elliott technicians. If you want\nto trade by pure objective analysis, then\nthis tool is for you."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-8-72-76-product-review-alphomega-elliott-waves-by-dennis-d-peterson-21.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-8-72-76-product-review-alphomega-elliott-waves-by-dennis-d-peterson-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-8-72-76-product-review-alphomega-elliott-waves-by-dennis-d-peterson-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v217inchpatr,d,"{""minimum-quantity"":""1"",""path"":""ch8a20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:8 (78-85): Interview: Chart Patterns, Trading, and Dan Zanger by Matt Blackman"",""caption-linebreaks"":""Interview: Chart Patterns, Trading, and Dan Zanger by Matt Blackman
Trader Dan Zanger of Chartpattern.com first hit the media spotlight\nin December 2000 when he was featured in a Fortune article. The\narticle, entitled “My Stocks Are Up 10,000%!” discussed how he had\nturned $11,000 into $18 million in 18 months (with a return of\n164,000%), an unofficial world record for trading stocks (with the tax\nreceipts to prove it). Not mentioned in the article was that in 23\nmonths, the total grew to $42 million.
Also not mentioned except in passing was much detail about\nZanger’s trading techniques, indicators, and philosophies or an\noutline of his typical trading day. He uses chart patterns to find highvolatility\n(“frisky”) stocks. The article piqued the interest of many\nreaders about the art of technical analysis and provided insight into\nwhat is possible for those with the skill and dedication. How is he\ndoing more than two years later? How does he trade and what\nmotivates him? STOCKS & COMMODITIES contributor Matt Blackman\ncaught up with Dan Zanger by telephone on April 23, 2003, at his\nhome in Florida.
What indicators do you use?\nDo you use momentum or\nother indicators with your\nchart patterns?
I use absolutely no indicators whatsoever.\nI simply rely on chart patterns,\nprice, and volume. Who has time to\nlook at so many indicators when you’re\nscrolling through 400 stocks a night? I\nlook at daily bars intensely and dissect\nthem and then add in the volume bars to\ncome up with sort of a pressure factor\nthat tells me what the stock wants to do\nnext and when it wants to do it. Is it\nready now or does it need more time?\nThat’s the job at hand every day.
You use price volume and chart patterns\nand that’s it?
That’s 100% of what I use."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-8-78-85-interview-chart-patterns-trading-and-dan-zanger-by-matt-blackman-21.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-8-78-85-interview-chart-patterns-trading-and-dan-zanger-by-matt-blackman-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-8-78-85-interview-chart-patterns-trading-and-dan-zanger-by-matt-blackman-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v218trtibyte1,d,"{""minimum-quantity"":""1"",""path"":""ch8a20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:8 (88-103): Traders Tips by Technical Analysis, Inc."",""caption-linebreaks"":""Traders Tips by Technical Analysis, Inc.
• TRADESTATION: REVERSE ENGINEERING RSI (II)
Giorgos Siligardos’ article “Reverse Engineering RSI (II)” in\nthis issue describes a translation process to plot the “next bar”\nprice required to produce three variations on the relative\nstrength index (RSI).
The first is an exponential moving average of the RSI. The\nsecond is a simple moving average of the RSI. The third is an\nRSI trendline. The EasyLanguage code for the last one, the\nRSI trendline, was presented in the June 2003 Traders’ Tips.\nHere, we present the EasyLanguage code called “RevEngRSIEMA”\nand “RevEngRSI-SMA” for exponential and simple\nmoving averages."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-8-88-103-traders-tips-by-technical-analysis-inc-20.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-8-88-103-traders-tips-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-8-88-103-traders-tips-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v211notrnoby1,d,"{""minimum-quantity"":""1"",""path"":""ch9s20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:9 (111): Novice Trader’s Notebook by EMS Flynn"",""caption-linebreaks"":""Novice Trader’s Notebook by EMS Flynn
Wedge Formation
Wedges are similar to triangles, but differ in that with triangles, there is always one boundary line that remains flat; wedges are characterized by both boundary lines being at a slant. Wedges should not be mistaken for pennants, which are much shorter in duration."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-9-111-novice-trader-s-notebook-by-ems-flynn-20.gif"",""height"":""254"",""width"":""198""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-9-111-novice-trader-s-notebook-by-ems-flynn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-9-111-novice-trader-s-notebook-by-ems-flynn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v211trreboby,d,"{""minimum-quantity"":""1"",""path"":""ch9s20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:9 (112-121): Traders Resource: Books by Technical Analysis, Inc."",""caption-linebreaks"":""Traders Resource: Books by Technical Analysis, Inc.
You can blunder around the Internet all you want for information, but for focused instruction on trading technique, the best information can still be found in paper pages. Here is just a sampling of all that is available out there in the way of books for traders and investors.
No doubt, what the Internet is good for is browsing and searching. Using the Internet, you can quickly locate just about any book on trading these days through websites such as those of book resellers Ino.com (http://store.ino.com), Trader’s Press (www.traderspressbookstore.com), and Trader’s Library (www.traderslibrary.net). In addition, the websites of both Amazon and Barnes and Noble will suggest related books once you home in on a subject. Those websites can also tell you what other people with similar interests are buying."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-9-112-121-traders-resource-books-by-technical-analysis-inc-20.gif"",""height"":""254"",""width"":""198""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-9-112-121-traders-resource-books-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-9-112-121-traders-resource-books-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v211letoscby3,d,"{""minimum-quantity"":""1"",""path"":""ch9s20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:9 (12-16): Letters To S&C by Technical Analysis, Inc."",""caption-linebreaks"":""Letters To S&C by Technical Analysis, Incl
EFFECTS OF DEFLATION
Editor,\nDavid Penn’s excellent article on “Intermarket\nRelationships” (July 2003 issue) included a review\nof my earlier writings on the subject and a description of changing relationships in the current environment. My 1991 book Intermarket Technical Analysis described the world up to 1990. My revision of that book (which should be available later this year, 2003) describes changes that have taken place since then. As Penn correctly points out, the main change is the “decoupling” of bonds and stocks. That change, in my\nopinion, started in 1997 with deflationary trends resulting from the Asian currency crisis. . ."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-9-12-16-letters-to-s-c-by-technical-analysis-inc-20.gif"",""height"":""254"",""width"":""198""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-9-12-16-letters-to-s-c-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-9-12-16-letters-to-s-c-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v211bofortrb5,d,"{""minimum-quantity"":""1"",""path"":""ch9s20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:9 (130): Books For Traders by Technical Analysis, Inc."",""caption-linebreaks"":""Books For Traders by Technical Analysis, Inc.
Capitalist Dogs: A Financial Fable (301 pages, $24.95\nhardcover, 2000, ISBN 1571972854), by Jack Katz, MS, JD, published by Pentland Press, Inc. This story is set in a dream, but it is about getting a real financial and investing education — the kind one can’t get from companies hawking investment vehicles or “dummy”-type wealth books. The dream is an entertaining, educational adventure that involves encounters with dozens of informative animal characters like a legal weasel, a cash cow, an inflation hawk, a corporate mole, and a financial chicken. H. Ross Parrot, Warren Basset, Billy Goats, and Dr. Green Spin participate as well. The dreamer begins with barely any understanding of the financial and investing world, but wakes up aware that he probably now knows\nmore than most people, including many Wall Street–trained investment advisers. The author died before the book was published, but his years as a broker, teacher, and writer give the reader a doggone good look at life in the financial world."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-9-130-books-for-traders-by-technical-analysis-inc-20.gif"",""height"":""254"",""width"":""198""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-9-130-books-for-traders-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-9-130-books-for-traders-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v211inofchse,d,"{""minimum-quantity"":""1"",""path"":""ch9s20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:9 (18-28): Index Of Chart Sentiment by Viktor Likhovidov"",""caption-linebreaks"":""Index Of Chart Sentiment by Viktor Likhovidov
This new concept can improve your intraday trading.
Those who trade stocks or derivatives may rely upon a number of so-called sentiment indicators such as the put/call ratio, the number of odd-lot sales, and the number of investment advisors who are bullish versus bearish. These indicators can give useful hints about the plans and intentions of market participants. But currency traders have no such additional indicators, and the only source of information is the price chart itself. In this article, I will discuss the index of chart sentiment, a new approach that can improve your intraday trading systems.
INTRADAY TRADING AND ITS PROBLEMS
Any trader who attempts to trade short time frames learns quickly that common technical analysis and money management rules alone will not make his\ntrading successful. One of the universal rules in\ntrading is the old saying, “The trend is your friend.” A trend is formed when the market undergoes some evident movement. Buying the trend is a natural reaction, as is immediately taking a loss if the trend\nreverses."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-9-18-28-index-of-chart-sentiment-by-viktor-likhovidov-20.gif"",""height"":""254"",""width"":""198""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-9-18-28-index-of-chart-sentiment-by-viktor-likhovidov-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-9-18-28-index-of-chart-sentiment-by-viktor-likhovidov-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v213gagabyth,d,"{""minimum-quantity"":""1"",""path"":""ch9s20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:9 (30-34): Gauging Gaps by Thomas Bulkowski"",""caption-linebreaks"":""Gauging Gaps by Thomas Bulkowski
Should you trade the gap? Here are some gap performance numbers to help you decide.
Suppose you’ve been following a chart pattern. Say prices gap upward, piercing the trendline in a breakout. Do you buy the stock, expecting an unusually large gain? How long will it be before prices return and close the gap? I will address those questions here.
GAP TYPES
Prices gap when today’s high is below yesterday’s low, or today’s low is above yesterday’s high. A chart of the pattern will show a gap between the prices."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-9-30-34-gauging-gaps-by-thomas-bulkowski-20.gif"",""height"":""254"",""width"":""198""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-9-30-34-gauging-gaps-by-thomas-bulkowski-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-9-30-34-gauging-gaps-by-thomas-bulkowski-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v213daewipof,d,"{""minimum-quantity"":""1"",""path"":""ch9s20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:9 (36-42): Daytrading The E-Mini With Point & Figure by Eugene Steele"",""caption-linebreaks"":""Daytrading The E-Mini With Point & Figure by Eugene Steele
Here’s a look at how you can trade the e-mini with a classic charting technique.
Point & figure charting has been largely ignored as a tool for daytrading, but it is actually one of the most powerful techniques for successful daytrading and a major tool for new traders. Whenever I show a trader a\nchart, the first question I ask is, “What do you see?” One of the skills of a good trader is the ability to see something on a chart that others don’t notice. That might mean spotting simple things such as which days of the week or month act in a particular way. For example, you might try to notice the relationship of price to trend changes: Can a change in trend ever occur to the upside if the close is below the open? Can it occur on the downside if the open is above the close? If you trade the same stock in various time periods, look for consistencies. Point & figure charts can aid you in making these types of observations."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-9-36-42-daytrading-the-e-mini-with-point-figure-by-eugene-steele-20.gif"",""height"":""254"",""width"":""198""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-9-36-42-daytrading-the-e-mini-with-point-figure-by-eugene-steele-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-9-36-42-daytrading-the-e-mini-with-point-figure-by-eugene-steele-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v213sipofite,d,"{""minimum-quantity"":""1"",""path"":""ch9s20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:9 (37): Sidebar: Point & Figure Technique by Eugene Steele"",""caption-linebreaks"":""Sidebar: Point & Figure Technique by Eugene Steele
POINT & FIGURE TECHNIQUE
Point & figure charting is a technical trading approach that has been credited to Charles Dow, originator of the Dow theory. This technique differs from bar charting in that price reversals below a minimum size are eliminated and time is not a factor (it may be listed as only a frame of reference). Any market or indicator can be plotted using this technique; we use a stock for our example."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-9-37-sidebar-point-figure-technique-by-eugene-steele-20.gif"",""height"":""254"",""width"":""198""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-9-37-sidebar-point-figure-technique-by-eugene-steele-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-9-37-sidebar-point-figure-technique-by-eugene-steele-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v214qabydonb,d,"{""minimum-quantity"":""1"",""path"":""ch9s20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:9 (43): Q&A by Don Bright"",""caption-linebreaks"":""Q&A by Don Bright
OPENING ORDERS
I have a question about stocks with news out pre-opening. Some say to avoid any stocks with news out; others say it depends what the news is. Regarding,\nsay, earnings guidance announcements, I’ve seen times when a stock opens down two points on negative news — and that’s the high trade of the day. Then it goes down two more points. Other times a stock opens down two and then shoots right back up. These are dramatically different results, if you buy on the opening, and you obviously don’t know in advance which of these scenarios will occur. How does this issue relate to the opening order strategy?
—Oz Cillator"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-9-43-q-a-by-don-bright-20.gif"",""height"":""254"",""width"":""198""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-9-43-q-a-by-don-bright-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-9-43-q-a-by-don-bright-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v214debrinin,d,"{""minimum-quantity"":""1"",""path"":""ch9s20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:9 (44-55): Detecting Breakouts In Intraday Charts by Markos Katsanos"",""caption-linebreaks"":""Detecting Breakouts In Intraday Charts by Markos Katsanos
Here’s an important enhancement to the finite volume elements indicator that’s especially useful with intraday minute charts.
In the April 2003 STOCKS & COMMODITIES, I introduced the finite volume elements indicator (FVE) and demonstrated how it can be used to detect breakouts in daily charts. To refresh your memory, the FVE is a money flow indicator, but it has two important innovations: first, the FVE takes into account both intra- and interday price action, and second, minimal price changes are taken into account by introducing a price threshold.
Those innovations were introduced to improve on two important limitations of existing money flow indicators. . ."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-9-44-55-detecting-breakouts-in-intraday-charts-by-markos-katsanos-20.gif"",""height"":""254"",""width"":""198""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-9-44-55-detecting-breakouts-in-intraday-charts-by-markos-katsanos-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-9-44-55-detecting-breakouts-in-intraday-charts-by-markos-katsanos-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v214sidebrin,d,"{""minimum-quantity"":""1"",""path"":""ch9s20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:9 (48-49): Sidebar: Detecting Breakouts In Intraday Charts by Markos Katsanos"",""caption-linebreaks"":""Sidebar: Detecting Breakouts In Intraday Charts by Markos Katsanos
SIDEBAR 1 contains Tradestation 7 code for Markos Katsanos' article \""Detecting Breakouts.\""
1) Volatility-modified FVE formula:\nInputs:\nSamples(22),PERMA(40),CINTRA(.1),CINTER(.1);\nVariables:\nTP(0),TP1(0),MF(0),VolumePlusMinus(0),FVE(0),\nFVEsum(0),\nFveFactor(0),INTRA(0),INTER(0),VINTRA(0),VINTER(0),\nCUTOFF(0); . . ."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-9-48-49-sidebar-detecting-breakouts-in-intraday-charts-by-markos-katsanos-20.gif"",""height"":""254"",""width"":""198""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-9-48-49-sidebar-detecting-breakouts-in-intraday-charts-by-markos-katsanos-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-9-48-49-sidebar-detecting-breakouts-in-intraday-charts-by-markos-katsanos-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v215si2me72c,d,"{""minimum-quantity"":""1"",""path"":""ch9s20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:9 (54-55): Sidebar 2: MetaStock 7.2 code by Markos Katsanos"",""caption-linebreaks"":""Sidebar 2: MetaStock 7.2 code by Markos Katsanos
1) Volatility-modified FVE formula:\nPERIOD:= Input(“PERIOD FOR FVE”,5,80,22);\nCOEF:=Input(“COEF FOR CUTOFF”,0,2,.1);"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-9-54-55-sidebar-2-metastock-7-2-code-by-markos-katsanos-21.gif"",""height"":""254"",""width"":""198""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-9-54-55-sidebar-2-metastock-7-2-code-by-markos-katsanos-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-9-54-55-sidebar-2-metastock-7-2-code-by-markos-katsanos-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v21693prreai,d,"{""minimum-quantity"":""1"",""path"":""ch9s20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:9 (68-71, 93): Product Review: AIQ TradingExpert Pro by David Penn"",""caption-linebreaks"":""Product Review: AIQ TradingExpert Pro by David Penn
I'll admit there is something deliciously old-school about getting trading system software in the mail, in a box stuffed with CDs, a newsletter, a printed users’ guide and technical indicators reference, and a 950-page user reference manual. Sure, in these days of Adobe .pdfs and downloadable everything, there is probably a Lorax somewhere bemoaning the fate of the trees that were turned into these attractive, easy-to-read, and highly informative reference guides. But there’s something reassuring about having professionally assembled, printed documentation in which to look up any problem or challenge that might occur with a given piece of software.
In some ways, this reflects what AIQ Systems has done with its TradingExpert Pro v7.0 software. While there are many traders who find the lure of discretionary trading irresistible, preferring a world of making and trading one’s own buys and sells in the market, there are any number of traders who would just as soon let that glory go to someone else — as long as they can keep the profits and not be too harmed by a few small losses. For these traders, AIQ’s TradingExpert Pro v7.0 — a powerful system for market timing and stock screening using AIQ’s own artificial intelligence algorithms — might be just what the ego ordered."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-9-68-71-93-product-review-aiq-tradingexpert-pro-by-david-penn-21.gif"",""height"":""205"",""width"":""159""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-9-68-71-93-product-review-aiq-tradingexpert-pro-by-david-penn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-9-68-71-93-product-review-aiq-tradingexpert-pro-by-david-penn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v217exyoopby,d,"{""minimum-quantity"":""1"",""path"":""ch9s20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:9 (72): Explore Your Options by Tom Gentile"",""caption-linebreaks"":""Explore Your Options by Tom Gentile
RATIO BACKSPREAD
Could you please explain what a ratio backspread is? —David BJ
A ratio backspread is a delta-neutral strategy that is directional in nature, and allows the trader to enter the position with a zero debit or credit (margin is required). The trade is designed to profit from a large move in the underlying but lose little or nothing should the underlying move in the opposite of the intended direction. Generally, the trade is set up when the implied volatility of the underlying options is low, and more options are purchased than sold. The idea is that\nthe options you sell should pay for all of the long options. The most common ratios are one option sold for every two bought, or two sold for three bought (known as 1x2 and 2x3 ratios, respectively). Of course, you can have any ratio you want, but the math becomes complex, and your ability to generate a sufficient profit to justify the ratio becomes questionable with higher ratios."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-9-72-explore-your-options-by-tom-gentile-21.gif"",""height"":""254"",""width"":""198""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-9-72-explore-your-options-by-tom-gentile-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-9-72-explore-your-options-by-tom-gentile-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v217fifrfoan,d,"{""minimum-quantity"":""1"",""path"":""ch9s20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:9 (74-76): Fibonacci-Based Fractal Form And Elliott Waves by Robert R. Prechter Jr."",""caption-linebreaks"":""Fibonacci-Based Fractal Form And Elliott Waves by Robert R. Prechter Jr.
The stock market is a tapestry of mathematical relations governed by Fibonacci number ratios. Here’s a look at how you can apply Elliott waves to find these ratios, from a master Elliottician.
Mathematicians recognize that the stock market is a fractal, but they believe it is formless. They allow only that the irregularity of fluctuation is the same regardless\nof scale. R.N. Elliott observed that the stock market is a specific fractal and named it the wave principle. As defined in The Wave Principle Of Human Social Behavior (1999), the stock market is a robust fractal, meaning that it has certain specificities of form as well as quantitative variation.
Figure 1 shows an idealized Elliott wave to one, two, and three iterations. Observe that the waves in each relative position look alike regardless of size. Although this diagram is necessarily rigid, actual waves vary considerably in extent and duration. Are quantitative variations random, or do they display recognizable mathematical properties? This article investigates whether there is quantitative specificity between a wave and its same-number component."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-9-74-76-fibonacci-based-fractal-form-and-elliott-waves-by-robert-r-prechter-jr-21.gif"",""height"":""254"",""width"":""198""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-9-74-76-fibonacci-based-fractal-form-and-elliott-waves-by-robert-r-prechter-jr-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-9-74-76-fibonacci-based-fractal-form-and-elliott-waves-by-robert-r-prechter-jr-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v217chmabyda1,d,"{""minimum-quantity"":""1"",""path"":""ch9s20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:9 (77): Charting The Market by David Penn"",""caption-linebreaks"":""Charting The Market by David Penn
TRIX
Long, long ago, in a bull market era that now seems far, far away (that is, 1983), a technical analyst by the name of Jack K. Hutson was trying to tease out of his computer a solution to the “drudgery” of trading. As he wrote in Technical Analysis of STOCKS & COMMODITIES, the new magazine he had begun publishing mere months before:
I always felt that by taking just a little time, and cranking out just one more wonderful oscillator or average, that my chances for a profitable trade would be improved. In most cases all I did was reassure myself that I had examined most every “system” in my personal repertoire, but I had no idea whether this had actually improved my trading. The one thing I was very sure about was that the time and effort required to make a trade decision had jumped from minutes to hours. It was taking some of the fun out of trading."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-9-77-charting-the-market-by-david-penn-21.gif"",""height"":""254"",""width"":""198""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-9-77-charting-the-market-by-david-penn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-9-77-charting-the-market-by-david-penn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v217prrepfby,d,"{""minimum-quantity"":""1"",""path"":""ch9s20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:9 (78-83): Product Review: Pfscan by Dennis D. Peterson"",""caption-linebreaks"":""Product Review: Pfscan by Dennis D. Peterson
Pfscan Version 2.0 is software you can use to screen stocks using a combination of point & figure patterns and price bar indicators. It was developed by Scotland-based Dave Baker, who originally wrote it to help his own trading. The software has long since grown past that point. It used to sell for $50 and was an absolute steal, and it’s still just an outlandish bargain at $100. Dave wonders if he was to raise the price to $300 if he wouldn’t get more sales. Perhaps $299 would be even better.
SCREEN FOR TRADES: PATTERN DETECTION
What’s significant about this product? Let me start by saying that you need to incorporate some sort of screening technique as part of your overall trading process. Some daytraders, for example, start each day by looking only at the top 10 price movers after the first 10 minutes of trading, and then apply additional criteria. Whatever your technique, screening to find the “right charts” is a must. I have found that pattern detection software is rare; however, I very much look for patterns when I trade. Point & figure charting is a way to see important patterns, and is more amenable to software algorithms. But point & figure charting has other virtues."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-9-78-83-product-review-pfscan-by-dennis-d-peterson-21.gif"",""height"":""254"",""width"":""198""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-9-78-83-product-review-pfscan-by-dennis-d-peterson-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-9-78-83-product-review-pfscan-by-dennis-d-peterson-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v218ingeapby,d,"{""minimum-quantity"":""1"",""path"":""ch9s20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:9 (84-89): Interview: Gerald Appel by Jayanthi Gopalakrishnan"",""caption-linebreaks"":""Interview: Gerald Appel by Jayanthi Gopalakrishnan
Gerald Appel is perhaps best known as the inventor of the MACD, the popular moving average convergence/divergence indicator. However, he is also the founder of Signalert, a registered investment advisory company; editor of Systems & Forecasts, a newsletter read by money managers, analysts, and private investors worldwide; and an established author and lecturer. His articles have appeared in Smart Money, Money magazine, Barron’s, and STOCKS & COMMODITIES; he is also the author of 10 books on investment and market timing. Finally, Appel has been cited by numerous financial publications and is a regular guest on various financial news networks. The moving average convergence/divergence indicator is a statistical stock market timing model and technical analysis tool that is widely respected and used by traders, investors, and money managers. How is the MACD handling the current markets? STOCKS & COMMODITIES Editor Jayanthi Gopalakrishnan spoke with Appel via telephone on July 9, 2003, to find out.
Can you tell us how you got started in trading?
I started out as a personal trader. We’re going back a long way — we’re talking about the mid-1960s. And from my personal trading, it kind of evolved into my doing articles for various magazines relating to investment, and then a series of books relating to investment, and then ultimately to the establishment of my own market planner and money management firm."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-9-84-89-interview-gerald-appel-by-jayanthi-gopalakrishnan-21.gif"",""height"":""254"",""width"":""198""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-9-84-89-interview-gerald-appel-by-jayanthi-gopalakrishnan-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-9-84-89-interview-gerald-appel-by-jayanthi-gopalakrishnan-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v219prreenwi,d,"{""minimum-quantity"":""1"",""path"":""ch9s20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:9 (90-93): Product Review: Ensign Windows by David Penn"",""caption-linebreaks"":""Product Review: Ensign Windows by David Penn
Is it too much to suggest that companies like Ensign\nSoftware are part of a revolution in bringing quality technical analysis charting software applications to retail traders? Certainly, the heaviest hitters in this field have not shrunk back from their desire to bring capabilities that were once the exclusive domain of institutional and professional-level traders to the desktops of (maybe not so) ordinary retail traders and investors.
But in some ways, that the developers of some of the most widely used technical analysis/market charting products have spotted the opportunities that lie in the retail trader/investor community only underscores the opportunity for those smaller developers to put their analysis products on the retail market and compete with the big boys."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-9-90-93-product-review-ensign-windows-by-david-penn-21.gif"",""height"":""254"",""width"":""198""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-9-90-93-product-review-ensign-windows-by-david-penn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-9-90-93-product-review-ensign-windows-by-david-penn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v219wefortrm,d,"{""minimum-quantity"":""1"",""path"":""ch9s20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:9 (94-95): Websites For Traders: Marketscreen.com by David Penn"",""caption-linebreaks"":""Websites For Traders: Marketscreen.com by David Penn
MARKETSCREEN.COM
It is difficult to imagine a more comprehensive stock screener than the one provided by www.MarketScreen.com. Many screens are available online that provide a staggering array of fundamental\ncriteria — from price/earnings to institutional ownership to dividend yield — with which stocks can be filtered and screened, and there is a somewhat smaller number of online stock screening websites that provide a similarly voluminous set of technical criteria, from\nindicator-based signals to Japanese candlesticks to price and volume keys.
But before coming across MarketScreen (a division of HyperFeed Technologies), I had yet to find an online stock screener that did both — and with the same level of thoroughness. I wonder if traders looking for quality online stock screening tools will, after experiencing what MarketScreen has to offer, ever bother to look for — let alone use — anything else."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-9-94-95-websites-for-traders-marketscreen-com-by-david-penn-20.gif"",""height"":""254"",""width"":""198""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-9-94-95-websites-for-traders-marketscreen-com-by-david-penn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-9-94-95-websites-for-traders-marketscreen-com-by-david-penn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v219trtibyte2,d,"{""minimum-quantity"":""1"",""path"":""ch9s20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 21:9 (95-111): Traders Tips by Technical Analysis, Inc."",""caption-linebreaks"":""Traders Tips by Technical Analysis, Inc.
This month's trader's tips include TradeStation, MetaStock, AmiBroker, Wealth-Lab, NeuroShell Trader, NeoTicker, and Investor/RT code for: Markos Katsanos' article \""Detecting Breakouts In Intraday Charts,\"" and Viktor Likhovidov's article \""Index Of Chart Sentiment.\""
There is eSignal, TradingSolutions, and Financial Data Calculator code for: Markos Katsanos' article \""Detecting Breakouts In Intraday Charts."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-9-95-111-traders-tips-by-technical-analysis-inc-20.gif"",""height"":""254"",""width"":""198""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-9-95-111-traders-tips-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-21-9-95-111-traders-tips-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v221letoedby,d,"{""minimum-quantity"":""1"",""path"":""ch1j"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:1 (10-13): Letters To The Editor by Technical Analysis, Inc."",""caption-linebreaks"":""Letters To The Editor by Technical Analysis, Inc.
DISTAFF CONFERENCES?
Editor,
I just passed my Series 3\ntest. Is there a conference/\nworkshop for women in\nthe commodities/futures\nbusiness?\nELIZABETH BRAUN ANDREINI\nNaples, FL
There are several conferences related\nto the commodities/futures business. I\ndon’t know of any that are specifically\ntargeted to women, however. Check with\nprofessional women’s associations or\nthe Market Technicians Association to\nfind out if they do. — Editor"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-1-10-13-letters-to-the-editor-by-technical-analysis-inc-21.gif"",""height"":""261"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-1-10-13-letters-to-the-editor-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-1-10-13-letters-to-the-editor-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v221bofortrb,d,"{""minimum-quantity"":""1"",""path"":""ch1j"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:1 (122): Books For Traders by Technical Analysis, Inc."",""caption-linebreaks"":""Books For Traders by Technical Analysis, Inc.
• 101 Option Trading\nSecrets
• MaD cASH: A First\nTimer’s Guide To Investing\n$30 to $3,000
• Guide To Financial\nMarkets, 3rd ed.
• All About Market\nTiming: The Easy\nWay To Get Started
• Protecting & Rebuilding\nYour Retirement:\nEverything You Need\nTo Do To Secure Your\nFinancial Future
• When The Market Moves, Will You Be Ready?\nHow To Profit From Major Market Events
• Financial Strategies For Today’s Widow:\nCoping With the Economic Challenges Of\nLosing A Spouse"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-1-122-books-for-traders-by-technical-analysis-inc-21.gif"",""height"":""261"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-1-122-books-for-traders-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-1-122-books-for-traders-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v221hoovpoby,d,"{""minimum-quantity"":""1"",""path"":""ch1j"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:1 (14-19): Holding Overnight Positions by Anthony Trongone, Ph.D."",""caption-linebreaks"":""Holding Overnight Positions by Anthony Trongone, Ph.D.
Do you want to begin your trading day by trying to\nmake up overnight losses? Here’s a trading system\nthat will help start the day on a positive note.
As active traders, a crucial decision confronts\nus: Should we carry our trading\npositions into the morning session?\nOvernight trading can be a risky business,\none that can cause even the most unflappable among us a great deal of apprehension.
You do not want to begin your trading day by\ntrying to make up for overnight losses, since a poor\nopening will surely ruin a perfectly good trading day.\nHere’s a trading system that will greatly improve\nyour probability of starting the day on a positive note.
INTERNATIONAL TRADING
With the advent of the computer, trading has become\nan international affair. Since overseas trading has a\ndirect influence on how our domestic markets will\nreact at the opening bell, overnight trading is unpredictable\nat best.
Much of my success in trading in this type of\nenvironment comes from avoiding discretionary systems.\nBy developing and using a systematic plan, I\nam better able to refrain from being hasty in my\nactions. While this particular system does not provide\nfrequent trading opportunities, it does have a\nlong history of success and gives the active trader a\nsimple way to trade after the close of the trading day."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-1-14-19-holding-overnight-positions-by-anthony-trongone-ph-d-21.gif"",""height"":""261"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-1-14-19-holding-overnight-positions-by-anthony-trongone-ph-d-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-1-14-19-holding-overnight-positions-by-anthony-trongone-ph-d-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v222dawionvo,d,"{""minimum-quantity"":""1"",""path"":""ch1j"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:1 (20-21,24-25): Daytrading With On-Balance Volume by D.W. Davies"",""caption-linebreaks"":""Daytrading With On-Balance Volume by D.W. Davies
Where is the smart money going? Here’s how you can find out.
On-balance volume (OBV) is a momentum indicator\nthat relates price change to volume. It has\nproven itself over and over again as an important\nmarket trading tool for the intermediateterm\ninvestor. It is particularly useful for spotting\naccumulation or distribution during periods\nof price consolidation.
Most intermediate-term investors include a study of OBV\nin their research of a potential stock buy or sell. However, it\ncan also be a great aid in the rough-and-tumble world of\ndaytrading the emini stock index futures.
First, a little background on OBV. The indicator was\ndeveloped by the technical analyst and market guru of yesteryear, Joe Granville. He presented a detailed account of this\nvaluable market tool in his New Strategy Of Daily Stock\nMarket Timing For Maximum Profits. It is from this book we\nget the trading maxim “Volume precedes price.”
CALCULATION
On-balance volume is calculated by adding the volume to a\ncumulative total when price closes up, and subtracting the\nvolume when price closes down. If there is no price change,\nthere is no change made to the OBV cumulative total."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-1-20-21-24-25-daytrading-with-on-balance-volume-by-d-w-davies-20.gif"",""height"":""261"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-1-20-21-24-25-daytrading-with-on-balance-volume-by-d-w-davies-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-1-20-21-24-25-daytrading-with-on-balance-volume-by-d-w-davies-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v22340cyinst,d,"{""minimum-quantity"":""1"",""path"":""ch1j"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:1 (32-36): The 40-Week Cycle In The Stock Market by Jay Kaeppel"",""caption-linebreaks"":""The 40-Week Cycle In The Stock Market by Jay Kaeppel
Is the market truly random? Some phenomena related to the\nstock market would not be expected to exist if the market truly\nwere random.
There has been much debate in the investment\ncommunity regarding the existence of cycles in the\nmarkets. Some claim that cosmic forces (a full\nmoon, for instance, or other celestial events) can\ncause the overall mood of investors to swing from\nhigh to low, often on a predictable and repetitive\nbasis. On the other end of the spectrum are those who dismiss such notions as hogwash. Most investor opinions\nfall somewhere in between — not entirely sold on the idea, but\nstill willing to keep an open mind.
DO CYCLES EXIST?
In this article we will discuss the 40-week cycle in the stock\nmarket. This information is not presented as proof positive that\ncycles exist, but simply to make the point that there are\nphenomena related to the stock market that would not be\nexpected to exist if the market were truly random.
Our analysis of the 40-week cycle starts on May 15, 1970,\nand makes the assumption that a new 40-week cycle starts on\nthis date and a new 40-week cycle starts every 280 calendar\ndays after that. The hypothesis is that the first 20 weeks of a new\ncycle represent the bullish phase of the cycle and that the last\n20 weeks of each cycle represent the bearish phase of the cycle."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-1-32-36-the-40-week-cycle-in-the-stock-market-by-jay-kaeppel-20.gif"",""height"":""261"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-1-32-36-the-40-week-cycle-in-the-stock-market-by-jay-kaeppel-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-1-32-36-the-40-week-cycle-in-the-stock-market-by-jay-kaeppel-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v223exyoopby,d,"{""minimum-quantity"":""1"",""path"":""ch1j"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:1 (37): Explore Your Options by Tom Gentile"",""caption-linebreaks"":""Explore Your Options by Tom Gentile
EUROPEAN VERSUS AMERICAN
At the end of your November 2003 column,\nyou referred to the Europeanstyle\nsettlement, saying that you could\nsell options without the risk of unexpected\nearly assignment. Could you\nplease explain what you meant by this?\n—D. Streich
There are two types of settlement\nwith options: European style and American\nstyle. European options cannot be\nexercised on any date prior to expiration,\nthough they can be bought and\nsold at any time. American-style options\ncan be exercised at any time prior\nto expiration."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-1-37-explore-your-options-by-tom-gentile-20.gif"",""height"":""261"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-1-37-explore-your-options-by-tom-gentile-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-1-37-explore-your-options-by-tom-gentile-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v224qabydonb,d,"{""minimum-quantity"":""1"",""path"":""ch1j"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:1 (44): Q&A by Don Bright"",""caption-linebreaks"":""Q&A by Don Bright
FOLLOWUP: ECONOMIC POLICIES
Thank you very much for the useful\ninformation in your December 2003\ncolumn! I now have another question:\ndo the general economic policies of a\ncountry have an impact on the variation\nof the value of stocks ? — Satinka Xo
Absolutely! As we grow into a true\nglobal economy, we must always consider\nsuch things as currency exchange\nrates, import and export policies, price\ncontrols, and of course, the labor markets.\nIf products are taxed too heavily,\nor their import/export duties favor one\ncompany’s product line over another,\nthis could have a significant effect on\nthe company’s expansion, thereby affecting\nits growth."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-1-44-q-a-by-don-bright-21.gif"",""height"":""261"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-1-44-q-a-by-don-bright-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-1-44-q-a-by-don-bright-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v224trintewi,d,"{""minimum-quantity"":""1"",""path"":""ch1j"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:1 (45-49): Trading In Tempo With TRIX by Jongseon Kim"",""caption-linebreaks"":""Trading In Tempo With TRIX by Jongseon Kim
Make entry and exit decisions using TRIX.
For profitable trading, deciding when to buy and\nwhen to sell is one piece of the puzzle. But\nanother, perhaps more important piece is deciding\nwhen to trade and when not to trade. When\nyou have no stocks in hand and you’re considering\npurchasing some, you tend to have a more\nobjective perspective about the trend of the stock you’re examining. However, after buying the stock, you may\nlose your objective outlook. Because of this, selling should\nbe weighted more heavily than buying.
THE TRIX
In this article I will illustrate how you can use the TRIX (triple\nexponential smoothing oscillator), a technical indicator developed\nby Jack Hutson (publisher of STOCKS & COMMODITIES),\nto help you decide when and when not to trade. For the\nsake of simplicity, I will only take long positions into account.\nThe TRIX can be obtained by using the following\nformula:
Calculating TRIX
1. Select a number of periods to represent the time\nframe you are trading. I recommend using five.
2. EMA1: Calculate the n-period EMA of the close.
3. EMA2: Calculate the n-period EMA of EMA1.
4. EMA3: Calculate the n-period EMA of EMA2.\nTRIX = (EMA3[today] – EMA3 [yesterday])\n/ EMA3[yesterday]
TRIX usually has two components. The first component\nis called TRIX, which is shown as a black line in Figure 1.\nThe second component is called the signal line, which is\nshown in red on Figure 1. This is the n-period EMA of the\nTRIX and is used to eliminate false signals. I often use the\nvalue 3 as the number of periods."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-1-45-49-trading-in-tempo-with-trix-by-jongseon-kim-21.gif"",""height"":""261"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-1-45-49-trading-in-tempo-with-trix-by-jongseon-kim-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-1-45-49-trading-in-tempo-with-trix-by-jongseon-kim-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v225boraofre,d,"{""minimum-quantity"":""1"",""path"":""ch1j"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:1 (56-58): Boosting Rates Of Return With Noncorrelated Systems by Richard L. Weissman"",""caption-linebreaks"":""Boosting Rates Of Return With Noncorrelated Systems by Richard L. Weissman
Here’s how adding noncorrelated assets\nwithin a trading system and combining\nnoncorrelated systems can help your trading.
Mechanical trading systems\noffer traders and risk managers\na distinct alternative\nto more commonly used\ndiscretionary methods.\nMany mechanical trading systems use mathematical technical analysis,\nalso defined as the mathematical study\nof past price history. I will explore methods\nof improving rates of return using\nmechanical trading systems without significantly\nincreasing drawdowns. I will\ndemonstrate how to use noncorrelated\nassets within a single trading system as\nwell as the combination of noncorrelated\ntrading systems.
One of the simplest examples of a mechanical\ntrading system is the two–moving\naverage crossover system. My intention in\nthis article is purely to show how traders\ncan improve their rate of return via diversification;\nas a result, I have purposely\nchosen two systems whose performance\nis only marginally profitable."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-1-56-58-boosting-rates-of-return-with-noncorrelated-systems-by-richard-l-weissman-21.gif"",""height"":""261"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-1-56-58-boosting-rates-of-return-with-noncorrelated-systems-by-richard-l-weissman-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-1-56-58-boosting-rates-of-return-with-noncorrelated-systems-by-richard-l-weissman-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v2266284injo,d,"{""minimum-quantity"":""1"",""path"":""ch1j"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:1 (60, 62-65, 84): Interview: John F. Ehlers of MESA by Jayanthi Gopalakrishnan"",""caption-linebreaks"":""Interview: John F. Ehlers of MESA by Jayanthi Gopalakrishnan
John Ehlers pioneered the use of the MESA (maximum entropy spectral\nanalysis) algorithm for measuring market cycles in the early 1980s.\nThe MESA technique is now acknowledged by leading technical\nanalysts to be an accurate and effective way of measuring market\ncycles. More recently, Ehlers has written about applying advanced\ndigital signal processing techniques, including Fisher transforms,\nHilbert transforms, and nonlinear filters to technical analysis.
Ehlers, president of MESA Software and a registered CTA, has seen\nhis software receive 25 Readers’ Choice awards from STOCKS &\nCOMMODITIES magazine over the years. Currently, MESA Software\ndevelops automatic trading systems that adapt to market conditions.
A Contributing Editor for STOCKS & COMMODITIES, Ehlers has\nwritten several books, including MESA And Trading Market Cycles,\nRocket Science For Traders, and Cybernetic Analysis For Stocks And\nCommodities. He is a frequent speaker at conferences and seminars\non the subject of cycles in the markets.
STOCKS & COMMODITIES Editor Jayanthi Gopalakrishnan spoke\nwith John Ehlers via telephone on October 29, 2003."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-1-60-62-65-84-interview-john-f-ehlers-of-mesa-by-jayanthi-gopalakrishnan-21.gif"",""height"":""261"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-1-60-62-65-84-interview-john-f-ehlers-of-mesa-by-jayanthi-gopalakrishnan-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-1-60-62-65-84-interview-john-f-ehlers-of-mesa-by-jayanthi-gopalakrishnan-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v227prreel71,d,"{""minimum-quantity"":""1"",""path"":""ch1j"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:1 (70-71,85-86): Product Review: Elwave 7.1 by David Penn"",""caption-linebreaks"":""Product Review: Elwave 7.1 by David Penn
As someone who has\nbeen studying Elliott\nwave theory for the past\nfew years, the first\nthing I wanted to know when I fired up the latest version of\nPrognosis Software Development’s\npopular Elliott wave analysis software,\nELWAVE 7.1, for this month’s review\nwas straightforward: how close were\nmy wave counts for the Standard &\nPoor’s 500, gold, and the US dollar/\neuro to those derived by the complex\ncomputer algorithms of ELWAVE 7.1?
Honestly, though, any of those who\nhave been (and remain) critical of Elliott\nwave methodologies have built their\ncase historically upon the absence of\nquantifiable evidence (that is, computer\nalgorithms) to support the Elliott wave\nthesis as first developed by Ralph Nelson\nElliott in the early decades of the 20th\ncentury. Elliott wave partisans and practitioners\nhave countered with the notion\nthat Elliott wave theory — sometimes referred to as the “wave principle” — is,\nwhile rigorous, more art than science.\nFurther, the 1990s saw a number of\ncomputer software programs geared\ntoward reproducing Elliott wave counts\nand wave projections for stocks and\nbonds, currencies, futures, and indexes\n— from software plug-ins and add-ons\nto complete Elliott wave–oriented systems\nsuch as ELWAVE 7.1."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-1-70-71-85-86-product-review-elwave-7-1-by-david-penn-21.gif"",""height"":""261"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-1-70-71-85-86-product-review-elwave-7-1-by-david-penn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-1-70-71-85-86-product-review-elwave-7-1-by-david-penn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v227wefortrb,d,"{""minimum-quantity"":""1"",""path"":""ch1j"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:1 (72-73): Websites For Traders by David Penn"",""caption-linebreaks"":""Websites For Traders by David Penn
ORIGINALTURTLES.ORG
Earlier last year, I completed a website\nreview of TurtleTrader.com (Technical\nAnalysis of STOCKS & COMMODITIES,\nApril 2003). Given the mystery that still\nsurrounds the now-legendary trading\nexperiment of Market Wizards Richard\nDennis and William Eckhardt, I thought\nthat TurtleTrader.com was an excellent\nplace for those interested in the Turtle\nTrading methodology to spend some\ntime studying. In addition to being a site\ndedicated to the passionate advocacy of\nthe Turtle Trading system, I found\nTurtleTrader.com to be every bit as much\na partisan of trend trading in general,\nand a helpful website for those considering\ntrend-trading techniques as an\nimprovement over buy-and-hold investment\napproaches, as well as a host of\nother, less sound ways of participating\nin the financial markets."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-1-72-73-websites-for-traders-by-david-penn-21.gif"",""height"":""261"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-1-72-73-websites-for-traders-by-david-penn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-1-72-73-websites-for-traders-by-david-penn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v227wefortrb1,d,"{""minimum-quantity"":""1"",""path"":""ch1j"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:1 (74-75): Websites For Traders by Jayanthi Gopalakrishnan"",""caption-linebreaks"":""Websites For Traders by Jayanthi Gopalakrishnan
WWW.DECISIONPOINT.COM
If there’s one website to visit that has\njust about every chart you need, it has to\nbe DecisionPoint.com. Within minutes\nof logging on to this site (Figure 1), all\nI did was look at charts, charts, and\nmore charts for hours.
Subscription to the prime service is\navailable for $20 a month. Once you log\nin, you will see a long list of sections.\nThe first is the market overview, followed\nby market indicators, then daily\nreports and chart books, and finally longterm\ncharts. One look at the opening\npage after logging in will give you an\nidea of the numerous charts available\non this site. There are several categories\nwithin the main sections, and each category\ncontains a long list of options.\nTake a look and you’ll get an idea of\nwhy I was engrossed for hours looking\nat chart after chart."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-1-74-75-websites-for-traders-by-jayanthi-gopalakrishnan-21.gif"",""height"":""261"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-1-74-75-websites-for-traders-by-jayanthi-gopalakrishnan-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-1-74-75-websites-for-traders-by-jayanthi-gopalakrishnan-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v227prremaby,d,"{""minimum-quantity"":""1"",""path"":""ch1j"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:1 (76): Product Review: MarketCenter by Jayanthi Gopalakrishnan"",""caption-linebreaks"":""Product Review: MarketCenter by Jayanthi Gopalakrishnan
If you are looking for a quick,\nsimple, no-frills way to access\nthe market, eSignal’s\nMarketCenter is one worth\nconsidering. Okay, so it doesn’t have the sophistication of some\nof the full-fledged trading platforms\nincluding others offered by eSignal, but\nfor those who are looking to enter the\ntrading arena and don’t want to spend\nthe cash to pay for the sophisticated\ndata, MarketCenter provides an excellent\nalternative.
SETUP AND INSTALLATION
Access to MarketCenter is available\nfrom eSignal’s website. Once you sign\nup for the service, you can access it\nsimply by logging in with a username\nand password. The program worked\nflawlessly, and for the short time I used\nthe product I didn’t encounter any bugs."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-1-76-product-review-marketcenter-by-jayanthi-gopalakrishnan-21.gif"",""height"":""261"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-1-76-product-review-marketcenter-by-jayanthi-gopalakrishnan-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-1-76-product-review-marketcenter-by-jayanthi-gopalakrishnan-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v228trtibyte,d,"{""minimum-quantity"":""1"",""path"":""ch1j"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:1 (87-102,119-120): Traders’ Tips by Technical Analysis, Inc."",""caption-linebreaks"":""Traders’ Tips by Technical Analysis, Inc.
• TRADESTATION: HOLDING OVERNIGHT POSITIONS
Anthony Trongone’s article “Holding Overnight Positions”\ndescribes a trading strategy called rising darkness, in which\ntrade entries for the cubes (AMEX: QQQ) are based on the oneday\npercentage change in QQQ price and a comparison of the\npresent day’s QQQ volume to historical volume.
Four different combinations of price and volume are used\nas trade entry triggers. When certain conditions are met, this\nstrategy enters trades at the end of the day. (It should be noted\nthat Trongone’s article describes entering in the afterhours\nmarket, though no exact entry time is specified.) The strategy\nalways exits on the following day’s open.
Our code for the rising darkness strategy has two user\ninputs: “Sample Window” and “TradeType.” SampleWindow\nsets the number of historical days to be used in determining\nthe relative rank of today’s volume. The user input\n“TradeType” determines which of four possible entrygenerating\ncombinations of price and volume will be used.
Two versions are provided, one for daily bars and one for\nintraday bars. A sample chart is in Figure 1."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-1-87-102-119-120-traders-tips-by-technical-analysis-inc-21.gif"",""height"":""261"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-1-87-102-119-120-traders-tips-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-1-87-102-119-120-traders-tips-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v22idbechpai,d,"{""minimum-quantity"":""1"",""path"":""ch1j"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:1(26-28,30-31): Identifying Bearish Chart Patterns (II) by Thomas N. Bulkowski"",""caption-linebreaks"":""Identifying Bearish Chart Patterns (II) by Thomas N. Bulkowski
Here’s the second and final installment\nabout bearish chart patterns.
S omeone I know once\nmade the bold statement\nthat there is a\nchart pattern for any\ntrend that ends. I\ndon’t know if that’s true, but here are 10 bearish patterns\nyou should know about.
ISLAND REVERSAL
Island tops are some of the easiest\npatterns to recognize. Figure 1 shows\nan example. Prices gap upward, meander\naround, then gap down. The\ngaps align, meaning that they share at\nleast one common price. Thus, price\nseems to hover like a blimp above the\nsurrounding countryside. Usually,\nprices move up and away from the\ntwo gaps, leaving clear sky below, as\nshown by the horizontal line in the\nfigure. At other times, prices will dip\ndown and close the first gap, but that\nshould not detract from the pattern —\nit just makes islands harder to spot.
Look for a two-gap pattern after a\nrising price trend. The gaps must\nhave some prices in common to set\noff the island.
How far will prices decline? Find\nthe predicted decline by first subtracting\nthe lowest low from the highest\nhigh in the pattern. That gives the\npattern’s height. Next, subtract the\nheight from the lowest low to get the\nprice target. In the 245 patterns I\nlooked at, the decline averaged 21%,\nabout par for all bearish chart pattern\ntypes, and they met or exceeded the\nprice target 78% of the time."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-1-26-28-30-31-identifying-bearish-chart-patterns-ii-by-thomas-n-bulkowski-20.gif"",""height"":""261"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-1-26-28-30-31-identifying-bearish-chart-patterns-ii-by-thomas-n-bulkowski-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-1-26-28-30-31-identifying-bearish-chart-patterns-ii-by-thomas-n-bulkowski-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v221letoscby,d,"{""minimum-quantity"":""1"",""path"":""ch2f201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:2 (10-14): Letters To S&C by Technical Analysis, Inc."",""caption-linebreaks"":""Letters To S&C by Technical Analysis, Inc.
FOURIER ANALYSIS CODE
Editor,
I have been searching\nthrough your archives\nfor articles on Fourier\nanalysis and am looking\nfor one that presents code or an\nalgorithm that describes how to program\nthe computer to calculate periods\nin price series. I am seeing several article\ntitles from Volume 17 (April 1999),\nVolume 12 (September 1994), Volume\n9 (March 1991), Volume 2 (April 1984),\nand Volume 1 (January/February 1983).\nI was hoping you could point me to one\nthat shows some code on how to implement\nFourier analysis on price series. I’d\nlike to be able to extract periods within\nthe price data from which to program\nother indicators.
BILL COOKE, via email
Technical Analysis of STOCKS & COMMODITIES,\nThe Traders’ Magazine, has\npublished more than a hundred articles\nthat refer to Fourier. A few of those\ninclude computerized implementation\nas well as examples. Fourier is often\nused in engineering to design or tune\ndata filters, like those that traders use\nas indicators."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-2-10-14-letters-to-s-c-by-technical-analysis-inc-21.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-2-10-14-letters-to-s-c-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-2-10-14-letters-to-s-c-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v221quscfltr,d,"{""minimum-quantity"":""1"",""path"":""ch2f201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:2 (109): Quick Scans: Floor Trader’s Tools 8.0 by Matt Blackman"",""caption-linebreaks"":""Quick Scans: Floor Trader’s Tools 8.0 by Matt Blackman
The night before a two-day seminar put\non by Roy Kelly, I had the opportunity to\nmeet some of the traders with whom I’d\nspoken in some HotComm online trading\nchatrooms. We were all excited about\nhearing what Kelly had to say, and as\nusual, when a bunch of traders get together,\nit wasn’t long before the conversation\nturned to the topic of trading.
One trader whom I’ll call Mitch began\nto speak. He had proven his skill in the\ntrenches and consistently pulled a respectable\nnumber of points out of the\nStandard & Poor’s 500 eminis daily. He\nmade a nice living doing what he loved."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-2-109-quick-scans-floor-trader-s-tools-8-0-by-matt-blackman-20.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-2-109-quick-scans-floor-trader-s-tools-8-0-by-matt-blackman-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-2-109-quick-scans-floor-trader-s-tools-8-0-by-matt-blackman-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v221bofortrb1,d,"{""minimum-quantity"":""1"",""path"":""ch2f201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:2 (122): Books For Traders by Technical Analysis, Inc."",""caption-linebreaks"":""Books For Traders by Technical Analysis, Inc.
• PIPEs: A Guide To Private\nInvestments In Public Equity
• Beyond The Random\nWalk: A Guide To Stock\nMarket Anomalies And\nLow-Risk Investing
• China’s Stockmarket: A\nGuide To Its Progress,\nPlayers, And Prospects
• J.K. Lasser Pro Separate Account Management:\nAn Investment Management Strategy\nDesigned For High Net Worth Individuals
• The Latino Journey\nTo Financial Greatness:\nThe 10 Steps\nTo Creating Wealth,\nSecurity, And A\nProsperous Future\nFor You And Your\nFamily
• The Road To Wealth, Revised And Updated
• The Wall Street Journal Guide To Planning\nYour Financial Future, 3rd Edition
• The Wi$e Inheritor: A Guide To Managing,\nInvesting, And Enjoying Your Inheritance"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-2-122-books-for-traders-by-technical-analysis-inc-20.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-2-122-books-for-traders-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-2-122-books-for-traders-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v221usheteby,d,"{""minimum-quantity"":""1"",""path"":""ch2f201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:2 (16-17,20-22,24-26,28): Using The Heikin-Ashi Technique by Dan Valcu"",""caption-linebreaks"":""Using The Heikin-Ashi Technique by Dan Valcu
Enter and stay on the right side of the trend — or\nwhen in doubt, stay out — with this Japanese charting\ntechnique.
Since the introduction of the candlestick\nmethod to the US some two decades\nago, it caused a revolution in perceiving\nhow the bullish and bearish forces\nperform in the Western markets. It has become a popular charting tool, as traders have used\ncandlesticks to make chart formations easier to spot\nand name. But interpreting candlesticks can be challenging.\nTo make things easier, the heikin-ashi technique\nmodifies the traditional candlestick chart. Let’s\ntake a look at how it works.
BALANCING ON ONE FOOT
The heikin-ashi method (heikin means “average” or\n“balance” in Japanese, while ashi means “foot” or\n“bar”) is a visual technique that eliminates irregularities\nfrom a normal chart, offering a better picture of\ntrends and consolidations. Just by looking at a candlestick\nchart created with this method, you get a good\nidea of the market’s status and its strength. Take a\nlook at the candlestick chart of Canon ADR in Figure\n1A versus the heikin-ashi modified chart in Figure\n1B. Which chart would you prefer to use?
CALCULATION
The heikin-ashi candlestick technique uses modified\nopen-high-low-close (OHLC) values and displays them as candlesticks. The modified values are computed\nusing these definitions:
• haClose = (O+H+L+C)/4
• haOpen = (haOpen (previous bar) + haClose\n(previous bar))/2
• haHigh = Maximum(H, haOpen, haClose)
• haLow = Minimum(L, haOpen, haClose)"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-2-16-17-20-22-24-26-28-using-the-heikin-ashi-technique-by-dan-valcu-21.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-2-16-17-20-22-24-26-28-using-the-heikin-ashi-technique-by-dan-valcu-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-2-16-17-20-22-24-26-28-using-the-heikin-ashi-technique-by-dan-valcu-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v22334cococa,d,"{""minimum-quantity"":""1"",""path"":""ch2f201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:2 (30-32, 34): Consider Covered Calls – And The Caveats by Kevin Lund"",""caption-linebreaks"":""Consider Covered Calls – And The Caveats by Kevin Lund
Are there opportunities lurking in this market for\nyou to take advantage of covered calls?
Some strategies work only under\ncertain conditions and, all too often,\nnot for the right reasons. Selling\ncovered callsÝ is a good example.\nThere were a lot of selfproclaimed\nbull-market geniuses”\nin the late 1990s who did nothing more\nthan sell covered calls on technology stocks,\npulling in wonderfully ridiculous returns of 20–\n30% or more per month. Each month brought call\nsellers (writers) two sources of income: capital\nappreciation on the stocks they bought, and premiums\nfrom the calls they sold on those stocks.\nBut within about one year of the emergence of the\nbear market in the spring of 2000, it became\nalarmingly apparent that covered calls spelled\ndisaster for most and did little to protect those\n“geniuses” from the sharp declines in their stocks\nas well as their trading accounts.
If this is so, why bring up covered calls now?\nWhether you think we’re in the midst of a “minibull”\nin a larger bear market or the beginning of a\nnew long-term bull market, it’s a ripe environment\nfor covered calls. However, there are some\nnew rules to keep in mind."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-2-30-32-34-consider-covered-calls-and-the-caveats-by-kevin-lund-21.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-2-30-32-34-consider-covered-calls-and-the-caveats-by-kevin-lund-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-2-30-32-34-consider-covered-calls-and-the-caveats-by-kevin-lund-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v223exyoopby1,d,"{""minimum-quantity"":""1"",""path"":""ch2f201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:2 (34): Explore Your Options by Tom Gentile"",""caption-linebreaks"":""Explore Your Options by Tom Gentile
CURBING LOSSES
I understand that options can provide\nless risk than stocks since the capital\noutlay is much smaller, but when the\nunderlying moves against you, options\ntend to lose money more quickly. Is\nthere any way to curb the rate of these\nlosses so as not to get stopped out so\nquickly?
This question is actually a twoparter.\nFirst, let’s address the assumption\nthat the losses occur more quickly.\nThis is actually a fallacy, in part because\nof the leveraged nature of options.\nSince the purchase of one option\ncontract that controls 100 shares of the\nunderlying can cost far less than the\nstock itself, inexperienced traders assume\nthis simply frees up more capital\nto purchase many more option contracts."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-2-34-explore-your-options-by-tom-gentile-21.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-2-34-explore-your-options-by-tom-gentile-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-2-34-explore-your-options-by-tom-gentile-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v22340retrsy,d,"{""minimum-quantity"":""1"",""path"":""ch2f201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:2 (36-38, 40): Restrictive Trading Systems by Anthony Trongone"",""caption-linebreaks"":""Restrictive Trading Systems by Anthony Trongone
Looking for a trading system that offers more success and less\nrisk? Try this one.
When it comes to profitable trading systems,\nnot much has been written on those with\nrestrictive trading conditions. Although a\nsystem that generates less trading activity\nmay demonstrate a strong and consistent\nrecord of success, it does not have the same allure as a system without restrictions. It can, however, offer\nmore success with less exposure to risk.
When trading price patterns with restrictive conditions,\npatience is a precious resource. You should not be discouraged\nif you are not playing your system on a regular basis,\nespecially if you can uncover a handful of highly dependable\nplays to supplement your trading activity.
This article focuses on a single strategy that was applicable\nin 29 of 334 trading days (8.68%) from January 1, 2002, to\nApril 30, 2003. Although the system is restrictive (one\nplaying day for every 11.52 trading days), the results are\nworth the wait.
SYSTEM ADVANTAGES
There are several benefits to this trading strategy. First, it\ninvolves simple trading conditions. You do not have to place\nyour trades during the regular trading day, when the market\nfluctuations can be distracting and sway you from implementing\nyour strategy. Your trades can be executed between\n16:00 and 20:00 ET. Although you can also place your trade\nduring the premarket trading session, this should be done\nbefore the market begins to move from the previous day’s\nclosing price."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-2-36-38-40-restrictive-trading-systems-by-anthony-trongone-21.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-2-36-38-40-restrictive-trading-systems-by-anthony-trongone-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-2-36-38-40-restrictive-trading-systems-by-anthony-trongone-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v224exanddot,d,"{""minimum-quantity"":""1"",""path"":""ch2f201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:2 (46-48,50,52): Experience And Dollar-Risk Tolerance Levels by Daryl Guppy"",""caption-linebreaks"":""Experience And Dollar-Risk Tolerance Levels by Daryl Guppy
As you gain trading experience, be aware of changes in your\nresponse to risk.
Trading is not an objective; it is a process.\nWhen you begin trading, you may have in\nmind some achievement or goal, and once\nyou reach it, you may feel like an expert.\nUnfortunately, this demonstrates significant\nmisunderstanding of the relationship between trading and skill development. More important, it ignores the\nway you develop as a trader. An experienced trader is not just\nsomeone who knows more than a novice; he or she is actually\na different person.
EVOLUTION
As your skills develop and your experience accumulates, you\ntend to change in many ways. Trading solutions that were appropriate when you were a novice may no longer work\nwell. In addition, personality changes develop in response to\nmany factors, especially:
• Your trading experience.
• Your maturity level as you grow older and encounter a\nbroader range of life experiences.
• Lifestyle changes unrelated to trading. This might include\nrelationship breakups or experiencing a major\ntrauma such as a car accident.
• Your age. Your general approach to spending money is\ndifferent when you are 30 than when you are 60.
All of these factors affect your ability to manage risk with\nan effective stop-loss approach. The longer you trade, the\nmore you will understand that psychology plays a vital part\nin your trading success. Your emotions, actions, and experiences\nwill have interesting and unexpected consequences on your behavior. Some of them are not pretty.
Greed and fear are the basic emotions that trigger\npsychological reactions in trading. Trading can\nmake you more money than you dreamed possible,\nand that can be a heady experience. However, fear\nbecomes an intimate companion when your hardearned\ncash is gobbled up in a falling market.\nTrading is no roller-coaster ride with a guaranteed\nsafe ending."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-2-46-48-50-52-experience-and-dollar-risk-tolerance-levels-by-daryl-guppy-21.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-2-46-48-50-52-experience-and-dollar-risk-tolerance-levels-by-daryl-guppy-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-2-46-48-50-52-experience-and-dollar-risk-tolerance-levels-by-daryl-guppy-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v225qabydonb,d,"{""minimum-quantity"":""1"",""path"":""ch2f201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:2 (53): Q&A by Don Bright"",""caption-linebreaks"":""Q&A by Don Bright
SEVERAL STRATEGIES FOLLOWUP
In STOCKS & COMMODITIES’ October\n2003 Q&A column, in answer to the\nquestion regarding “several strategies,”\nyou said that people will have a tough\ntime if they stick to one or two trading\nstyles. I agree that we should not lean\non systems that are performing the best\nin the current market environment. But\nif I have tested a system for a long\nperiod of time and if it gives good net\nresults, then can I not lean on that\nsystem for trading? Why is it necessary\nto run two or three systems concurrently?\n— Gomu Vetrivel
Interesting question. First off, there\nis no system that will work for any\nprotracted period of time. I have seen\nand used many systems over the years,\nand what worked last year obviously\nwon’t work now. Volatility has plummeted\nfrom above 50 to below 10, so it\nis safe to assume that any system developed\nusing old data will have a tough\ntime."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-2-53-q-a-by-don-bright-21.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-2-53-q-a-by-don-bright-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-2-53-q-a-by-don-bright-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v225pridandt,d,"{""minimum-quantity"":""1"",""path"":""ch2f201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:2 (54-57): Predict, Identify, And Trade Future Market Swings by John Crane"",""caption-linebreaks"":""Predict, Identify, And Trade Future Market Swings by John Crane
The key to swing trading is in the timing of your entry and exit.\nBut how do you identify them? The answer may be in front of you.
In an age where faster computers and advanced\nsoftware are providing access to more\ninformation at lightning speed, traders are\nbusy creating new technical tools and testing\nideas. Technology has produced many\nchanges in today’s market world, resulting in an explosion in the number of new traders who are seeking\nthe ultimate short-term trading strategy. Daytrading and\nswing trading have become buzzwords for a new generation\nof traders who flock to online trading and embrace every new\nsoftware program that promises trading success. The marketplace is full of sophisticated trading systems, but has any of\nthis advanced technology made people more successful?
In the late 1990s many new traders jumped online, bought\nsoftware programs, and started to trade their way to riches. It was a great time to enter the market, but all too often these\nnew traders confused a bull market with trading savvy. As\nsoon as the market topped, so did their trading accounts,\nbecause they lacked an important ingredient for success: a\nworking understanding of market behavior."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-2-54-57-predict-identify-and-trade-future-market-swings-by-john-crane-21.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-2-54-57-predict-identify-and-trade-future-market-swings-by-john-crane-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-2-54-57-predict-identify-and-trade-future-market-swings-by-john-crane-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v225swtrwisw,d,"{""minimum-quantity"":""1"",""path"":""ch2f201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:2 (58,60-63): Swing Trading With Swing Charts by Teresa Lo"",""caption-linebreaks"":""Swing Trading With Swing Charts by Teresa Lo
Here’s how you can use swing charts as\nan indispensable tool for all your trading.
Of late, swing trading has\ncaught the attention of\nmany market participants.\nThis migration of\ntraders from “day”\nto“swing” trading has most likely been caused by the severe\ncontraction of price movement in most\nstocks and stock indexes over the past\nfew years. For example, Amazon (Figure\n1) is a typical high-profile Internet\nstock. On January 29, 1999, Amazon’s\n20-day average true range (ATR) was\n$10.30. As of October 31, 2003, the\nvalue was $1.93. Roughly, this means it\nnow takes more than a week for Amazon\nto cover the amount of movement\nthat it used to cover in a single day back\nduring the market frenzy, rendering\nintraday trading quite a bit less profitable\nthan it used to be.
While there seems to be no lack of information offered on\nthe subject of swing trading, the meaning of the term swing\nis often unclear. Let me provide some insight into how to use\nswing charts as an indispensable tool not only for swing\ntrades but also for any type of trading."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-2-58-60-63-swing-trading-with-swing-charts-by-teresa-lo-21.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-2-58-60-63-swing-trading-with-swing-charts-by-teresa-lo-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-2-58-60-63-swing-trading-with-swing-charts-by-teresa-lo-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v226defrbyad,d,"{""minimum-quantity"":""1"",""path"":""ch2f201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:2 (68-70): Deep Freeze by Adrienne Toghraie"",""caption-linebreaks"":""Deep Freeze by Adrienne Toghraie
Having trouble pulling the trigger?\nStop it right now!
At a recent professional\nbasketball\ngame, a 14-year-old\ngirl was preparing\nfor a great honor.\nShe had been selected to sing the national anthem in\nfront of a large and enthusiastic\naudience. Instead of experiencing\nthe thrill of a lifetime, however, she\nfroze, suddenly unable to remember\nthe lyrics. Seconds ticked by,\nwith the humiliation and embarrassment\nsweeping over her adding\nto the whirlwind of fear that consumed\nher. Then, Maurice Cheeks,\nthe coach for one of the basketball\nteams, appeared at her side and\nstarted to sing, encouraging her to\nfollow his lead. This kind and courageous\nman coaxed her out of her\nfear and she managed to finish the\nsong triumphantly.
Just as this girl was gripped with\nfear at the very moment she needed\nto be performing her best, traders frequently\nfind themselves freezing at the\nmoment when they should be trading\ntheir best. Instead of pulling the trigger to\ntake that trade or exiting at the predetermined\nstop, they freeze. As a result, they stand by helplessly\nas a tremendous opportunity passes them by or their losses pile\nup into a financial catastrophe. Afterward, filled with remorse,\nguilt, and self-recrimination, they search for the reasons for\ntheir failure."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-2-68-70-deep-freeze-by-adrienne-toghraie-21.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-2-68-70-deep-freeze-by-adrienne-toghraie-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-2-68-70-deep-freeze-by-adrienne-toghraie-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v22778ingaka,d,"{""minimum-quantity"":""1"",""path"":""ch2f201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:2 (76, 78-81): Interview: Gary Kaltbaum by Jayanthi Gopalakrishnan"",""caption-linebreaks"":""Interview: Gary Kaltbaum by Jayanthi Gopalakrishnan
Gary Kaltbaum, a well-known technical analyst and host of the\nnationally syndicated radio program Investor’s Edge, specializes in\nidentifying and trading growth stocks in the intermediate-term time\nframe. Kaltbaum is also an investment advisor with over $125 million\nunder management. Not only that, he is a FOX News Channel business\ncontributor and has been frequently quoted in the financial and\nnational media, including the Associated Press organization, and\nUSA Today, The Wall Street Journal, as well as other major venues.\nHis upcoming book, How I Trade The Markets, will be published in the\nsecond quarter of 2004.
What does Kaltbaum have to say about the current markets and the\nbest way to trade and analyze them? To find out, STOCKS & COMMODITIES\nEditor Jayanthi Gopalakrishnan spoke with Kaltbaum on Tuesday,\nNovember 25, 2003.
How did you get started in technical\nanalysis?
Basically, in 1990 or so, a\nfriend of mine showed me\nthe daily graphs that O’Neil & Co. publishes, and I got hooked.
How do technicians like you survive in\na world where technical analysis\ndoesn’t get the respect it deserves?
Frankly, I love it. The more people\ntell me it doesn’t work, the more I know\nit does work, and the more people that\ntell me it’s voodoo, God bless ’em,\nthat’s all I can tell you. When everybody\ntells me it works, that’s when I’ll\nstart worrying.
Are there any specific patterns or indicators\nyou look at?
The most important thing I look for is\nprice and volume. I first look at sectors\nto determine which ones are the strongest\nin the market. Next, I look at what\nstocks are involved in those sectors. We\nlook for names that are building bases;\nwe’re looking for an area of support and\nresistance over a good period of time.\nSecond, we look for the ability of stocks in that group to break out of\nthose bases on heavy volume.
The more sectors that\nparticipate in that breakout,\nthe better you know the\nmarket’s going to be, and\nthe more stocks that participate,\nthe better the\nmarket’s going to be. We\ntry not to go too far forward,\nthough; I try not to\npredict. I’m not one of those\ntechnicians who say, “By\nthe end of the year we’ll be\nat 12,000 on the Dow\nJones.” The most important\nthing is to interpret in that group to break out of\nthose bases on heavy volume.\nThe more sectors that\nparticipate in that breakout,\nthe better you know the\nmarket’s going to be, and\nthe more stocks that participate,\nthe better the\nmarket’s going to be. We\ntry not to go too far forward,\nthough; I try not to\npredict. I’m not one of those\ntechnicians who say, “By\nthe end of the year we’ll be\nat 12,000 on the Dow\nJones.” The most important\nthing is to interpret today,\nand that’s all you need to know\ntoday."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-2-76-78-81-interview-gary-kaltbaum-by-jayanthi-gopalakrishnan-21.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-2-76-78-81-interview-gary-kaltbaum-by-jayanthi-gopalakrishnan-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-2-76-78-81-interview-gary-kaltbaum-by-jayanthi-gopalakrishnan-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v228prreboba,d,"{""minimum-quantity"":""1"",""path"":""ch2f201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:2 (86-88): Product Review: Bollinger Band Toolkit by Dennis D. Peterson"",""caption-linebreaks"":""Product Review: Bollinger Band Toolkit by Dennis D. Peterson
Have you ever wondered\nwhat tools a well-known\ntechnical analyst uses for\nhis own trading? This\ntoolkit is a MetaStock plug-in that consists of 42 indicators,\nthree chart templates, nine system tests,\nsix explorations, and four experts. On\nthe plus side, this is the software that\nJohn Bollinger uses personally to do his\ntrading. On the minus side, there is no\nuser manual or tutorial, and the printed\nmaterial, a booklet that comes with the\nCD, is just 12 pages long, giving only a\nbrief description of each of the 60-plus\nitems.
For toolkit support, users are instructed\nto contact MetaStock. Instead, I called\nBollinger Capital Management and was\ntold that the book Bollinger On Bollinger\nBands by John Bollinger should work as\na user manual. I read the book and am\nglad I did. The author communicates extremely well, and I found his writing\nboth entertaining and informative. But\ndid it work as a user manual?
In many ways it did, and I would\nhighly recommend that you purchase\nand read the book if you want to use this\nplug-in. However, reading the book won’t\ntell you everything; there are more items\nin the toolkit than there are in the book."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-2-86-88-product-review-bollinger-band-toolkit-by-dennis-d-peterson-21.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-2-86-88-product-review-bollinger-band-toolkit-by-dennis-d-peterson-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-2-86-88-product-review-bollinger-band-toolkit-by-dennis-d-peterson-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v229prreteno,d,"{""minimum-quantity"":""1"",""path"":""ch2f201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:2 (90-92): Product Review: Terra Nova Trade Evaluator by David Penn"",""caption-linebreaks"":""Product Review: Terra Nova Trade Evaluator by David Penn
Just about any evaluation of\ntrading performance will\ninclude a look at gains versus\nlosses, P/L, most and\nleast profitable trade, percentage\ngainers versus percentage losers,\naverage profit per trade, and so on.\nBut what about your long positions versus\nyour shorts? Or whether your largersized\nlots (say, between 750 and 1,000)\ntend to do better or worse than smaller\nlots? Are you doing a better job trading\nlower-priced stocks than higher-priced\nones? How does trade duration factor in\n— do you do better the less time you\nspend in a trade? And speaking of time,\nwhen are most of your daytrades —\nearly in the trading day? Around noon?\nAre they bunched up around the close?
This is just a sample of the sort of\ninformation that Terra Nova traders taking\nadvantage of Terra Nova’s Trade\nEvaluator have at their fingertips. While\nit is true that a trader could probably\ncompile all this information by hand,\nTerra Nova’s Trade Evaluator lets traders\nspend their after-market hours doing\nsomething far more productive than scribbling\nout trade statistics like some medieval\nscribe: he or she can be reviewing\nold trades and planning new ones."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-2-90-92-product-review-terra-nova-trade-evaluator-by-david-penn-21.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-2-90-92-product-review-terra-nova-trade-evaluator-by-david-penn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-2-90-92-product-review-terra-nova-trade-evaluator-by-david-penn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v229inrebyda,d,"{""minimum-quantity"":""1"",""path"":""ch2f201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:2 (94-95): Intermarket Review by David Penn"",""caption-linebreaks"":""Intermarket Review by David Penn
• RUSSELL 2000 GROWTH INDEX
The Russell 2000 Growth Index measures\nthe performance of those companies\nin the Russell 2000 index that feature\nhigher price-to-book ratios, as well\nas higher forecasted growth values. Major\nsector representation includes technology,\nhealthcare, and consumer discretionary\ncompanies, with top holdings\nthat include RF Micro Devices, Titan\nCorp., Sonus Networks, and Pacific\nSunwear of California.
• RUSSELL 1000 GROWTH INDEX
• RUSSELL 2000 VALUE INDEX
• RUSSELL 1000 VALUE INDEX"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-2-94-95-intermarket-review-by-david-penn-20.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-2-94-95-intermarket-review-by-david-penn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-2-94-95-intermarket-review-by-david-penn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v229trtibyte,d,"{""minimum-quantity"":""1"",""path"":""ch2f201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:2 (96-107): Traders Tips by Technical Analysis, Inc."",""caption-linebreaks"":""Traders Tips by Technical Analysis, Inc.
• TRADESTATION: HEIKIN-ASHI TECHNIQUE
• AMIBROKER: HEIKIN-ASHI TECHNIQUE
• eSIGNAL: HEIKIN-ASHI TECHNIQUE
• AIQ EXPERT DESIGN STUDIO:\nHEIKIN-ASHI TECHNIQUE
• WEALTH-LAB: HEIKIN-ASHI TECHNIQUE
• NEUROSHELL TRADER:\nHEIKIN-ASHI TECHNIQUE
• NEOTICKER: HEIKIN-ASHI TECHNIQUE
• TRADINGSOLUTIONS: HEIKIN-ASHI TECHNIQUE
• INVESTOR/RT: HEIKIN-ASHI TECHNIQUE
• TECHNIFILTER PLUS: HEIKIN-ASHI TECHNIQUE
• STOCKWIZ: HEIKIN-ASHI TECHNIQUE
• FINANCIAL DATA CALCULATOR:\nHEIKIN-ASHI TECHNIQUE"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-2-96-107-traders-tips-by-technical-analysis-inc-20.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-2-96-107-traders-tips-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-2-96-107-traders-tips-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v221lebytean,d,"{""minimum-quantity"":""1"",""path"":""ch3ma20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:3 (10-14): Letters To S&C by Technical Analysis, Inc."",""caption-linebreaks"":""V. 22:3 (10-14): Letters To S&C by Technical Analysis, Inc.
ON-BALANCE VOLUME
Editor,
I enjoyed D.W. Davies’ January 2004 article, “Daytrading With On-Balance Volume.” As a point of reference, I need to point out that while Joe Granville (for whom I have utmost respect as a technician\nand friend) popularized the term on-balance volume, the idea was originally called cumulative volume and was presented in a course written by Woods and Vignolia in San Francisco in 1946.
LARRY WILLIAMS
Thank you for pointing this out. It’s always important to know history. . ."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-3-10-14-letters-to-s-c-by-technical-analysis-inc-21.gif"",""height"":""262"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-3-10-14-letters-to-s-c-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-3-10-14-letters-to-s-c-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v221trreontr,d,"{""minimum-quantity"":""1"",""path"":""ch3ma20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:3 (104-113): Traders’ Resource: Online Trading Services by Technical Analysis, Inc."",""caption-linebreaks"":""V. 22:3 (104-113): Traders’ Resource: Online Trading Services by Technical Analysis, Inc.
You can find a wealth of information on the Internet for nearly any subject imaginable, including investing, trading, and the financial markets. You can even find\na good amount on technical analysis.
Each month in STOCKS & COMMODITIES’ Traders’ Resource, we present a listing for different categories of products and services related to trading, all to aid our readers in their pursuit of trading. This month, we focus on the topic of online trading services.
We contacted companies that offer services to traders over the Internet as well as financial website developers and asked them to fill out an online survey form to describe their Internet site. Here, you’ll find a summary of the data we collected.
Some of these websites offer charting, price quotes, and financial news and information; others offer a more specialized service that may be useful to investors and traders. In the column “No. of services” in this table, we listed only a summary total of the various services we provided as an option on our survey form. Those options included news, stock screening, articles, discussion forums, online support and more."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-3-104-113-traders-resource-online-trading-services-by-technical-analysis-inc-20.gif"",""height"":""263"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-3-104-113-traders-resource-online-trading-services-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-3-104-113-traders-resource-online-trading-services-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v221ququbyja,d,"{""minimum-quantity"":""1"",""path"":""ch3ma20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:3 (120): Quick-Scans: QuoteScope by Jayanthi Gopalakrishnan"",""caption-linebreaks"":""V. 22:3 (120): Quick-Scans: QuoteScope by Jayanthi Gopalakrishnan
If you are an active trader, you know that liquidity is important for trading. When you can identify a stock with high liquidity, it gives you a better understanding of the direction of stock price movement. Ameritrade has met this need by introducing a product called QuoteScope. QuoteScope takes Level II data and displays it in a circular fashion, making it easy to see the number of shares available at a specific price. This gives you the\nopportunity to recognize changes in price very quickly. The interface adds an indepth, at-a-glance, dynamic visual representation of a specific stock. And once you see a change that is moving in your favor, you can respond with a one-click order placement."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-3-120-quick-scans-quotescope-by-jayanthi-gopalakrishnan-20.gif"",""height"":""263"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-3-120-quick-scans-quotescope-by-jayanthi-gopalakrishnan-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-3-120-quick-scans-quotescope-by-jayanthi-gopalakrishnan-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v221bofortrb2,d,"{""minimum-quantity"":""1"",""path"":""ch3ma20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:3 (122): Books For Traders by Technical Analysis, Inc."",""caption-linebreaks"":""V. 22:3 (122): Books For Traders by Technical Analysis, Inc.
Sample entry of the books reviewed in this month's magazine: Mutual Fund Investor’s Guide 2004 (509 pages, $20 softcover, 2004, ISBN 1-59184-031-7) by Kirk\nKazanjian, a Portfolio book by the Penguin Group.
Mutual funds remain the vehicle of choice for smart investors. But in today’s markets, which ones? The author provides clear, practical advice, filtering through the universe of stock and bond funds, and dispels the mystery around mutual funds to show you how to figure out the funds that suit you best."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-3-122-books-for-traders-by-technical-analysis-inc-21.gif"",""height"":""263"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-3-122-books-for-traders-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-3-122-books-for-traders-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v221dattofub,d,"{""minimum-quantity"":""1"",""path"":""ch3ma20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:3 (17-23): DAT To The Future by David Penn"",""caption-linebreaks"":""V. 22:3 (17-23): DAT To The Future by David Penn
Electronic trading has come a long way in the six years since the SEC’s display rules of 1997. How have individual traders continued to take advantage of a revolution in access and transparency?
In many ways, the evolution of directaccess trading (DAT) is a classic David and Goliath tale. While many rightly point to the explosion in technological capability — from PCs and the Internet to sophisticated order-routing systems exploiting intelligent networks — the primary driver of the electronic revolution has been the efforts by the oft-abused and taken-for-granted retail trader to, quite frankly, get an even break against the powerful vested interests of Wall Street and the broader financial world.\nDoubt it? Consider this excerpt from former Securities and Exchange Commission (SEC) chairman Arthur Levitt’s book, Take On The Street:
Beyond confirming the dealer collusion that\nmany had long suspected, the investigation\nbrought into sharp focus a basic flaw that had\ndeveloped: Nasdaq had become a two-tiered\nmarket. One tier, the official Nasdaq dealer\nnetwork with its wide spreads, was the sucker’s\nmarket for small orders, mostly placed by\nindividual investors. The other tier was an ECN\n[electronic communications network] called\nInstinet, majority-owned by Britain’s Reuters\nGroup PLC. Because spreads were narrower on\nInstinet, it was the market of choice for mutual\nfunds and other institutional investors. But it\nwas off limits to individuals."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-3-17-23-dat-to-the-future-by-david-penn-21.gif"",""height"":""263"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-3-17-23-dat-to-the-future-by-david-penn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-3-17-23-dat-to-the-future-by-david-penn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v222meretrfo,d,"{""minimum-quantity"":""1"",""path"":""ch3ma20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:3 (24-38): Mechanically Recognizing Triangular Formations by Giorgos Siligardos, Ph.D."",""caption-linebreaks"":""V. 22:3 (24-38): Mechanically Recognizing Triangular Formations by Giorgos Siligardos, Ph.D.
Patterns such as triangles, pennants, and wedges (hereafter referred to as triangular formations, or TF) are some of the first things to which an aspiring chart analyst is introduced when he or she begins to study technical analysis. The chart formations in this category are characterized by an oscillating movement of price toward an equilibrium point. They all have two things in common: They usually take place during strong trends and they provide good trading opportunities with clear stops and, most of the time, clear targets. That they are commonly posted during strong trends makes them quite useful, since the market has reached these levels quickly and therefore leaves ample room with no significant support/resistance after the upward or downward violation of the formation.
In Figure 1 you can see examples of triangular formations in a bullish trend. Triangular formations are easily identified when looking at a chart, but as most technical analysts follow large numbers of equities, it is necessary to have a mechanical identification method and let the computer do the dirty work. The difficult part is figuring out how to tell your software what a triangular shape is! Computers do not understand shapes the\nway humans do, so we need to translate a geometric shape into numbers before plugging it into an algorithm.
MERITS AND DRAWBACKS
To identify triangular formations, the most obvious merit\nof a mechanical method is that, as mentioned, it saves\ntime. Another benefit is that it is quite easy to study the\nstatistics of these formations and their implications for a number of equities."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-3-24-38-mechanically-recognizing-triangular-formations-by-giorgos-siligardos-ph-d-21.gif"",""height"":""263"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-3-24-38-mechanically-recognizing-triangular-formations-by-giorgos-siligardos-ph-d-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-3-24-38-mechanically-recognizing-triangular-formations-by-giorgos-siligardos-ph-d-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v222simecofo,d,"{""minimum-quantity"":""1"",""path"":""ch3ma20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:3 (24-38): Sidebar: MetaStock Code For TPR Explorations by Giorgos Siligardos, Ph.D."",""caption-linebreaks"":""V. 22:3 (24-38): Sidebar: MetaStock Code For TPR Explorations by Giorgos Siligardos, Ph.D.
METASTOCK CODE FOR TPR EXPLORATIONS
Use the code below as a filter to identify TFs that last up to 60 trading days and produce retracements of no more than 50%. In column A, write exactly the same\ncode, but in the last line substitute “TPR>0” with\n“TPR.” You may also name column A as “TPR.” The\ncode works with daily charts and requires the zz(20%)\nto have produced at least four swings in chart history\nto function properly."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-3-24-38-sidebar-metastock-code-for-tpr-explorations-by-giorgos-siligardos-ph-d-21.gif"",""height"":""263"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-3-24-38-sidebar-metastock-code-for-tpr-explorations-by-giorgos-siligardos-ph-d-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-3-24-38-sidebar-metastock-code-for-tpr-explorations-by-giorgos-siligardos-ph-d-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v224momifrma,d,"{""minimum-quantity"":""1"",""path"":""ch3ma20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:3 (48-50): More Mileage From Margin by John Summa"",""caption-linebreaks"":""V. 22:3 (48-50): More Mileage From Margin by John Summa
Looking for ways to get more from your margin? Try this.
As an option writer, which by definition produces limited profit scenarios, I am particularly concerned about finding ways to lower my cost of trading. One way is to get maximum mileage out of my margin capital. So I decided to undertake a comparative study of margin\nrequirements for option trades in two popular markets used by option writers: the CBOE’s Options Exchange (OEX) and the Chicago Mercantile Exchange’s Standard & Poor’s stock index futures. If you are serious about option writing, you may be surprised at what I discovered.
THE NAKED OUT-OF-THE-MONEY CALL
I compared margin requirements for two writing strategies: (1) a naked† out-of-the-money call and (2) a call credit spread. Specifically, I looked at what the margin requirements would be for an imaginary OEX (S&P 100) option seller compared with those of an S&P 500 CME stock index futures options seller. I made the comparison at equal percentage distance from the money and using the same expiration month of December 2003. Prices are settlement prices for September 25, 2003, with 84 days to expiration. I abstracted from volatility since the S&P 100 and S&P 500 share similar volatility patterns.
On September 25, 2003 the OEX settled at 502.62. For the OEX naked call writer, therefore, what would be the margin cost per dollar of premium received for a 10% out-of-the- money naked call? A 10% out-of-the-money position would mean selling a December 550 call. On December 25 at settlement, the OEX 550 call option would have fetched $4.20, which would result in a credit of $420 in our OEX writer’s account (OEX options are valued at $100 per 100 basis points of premium)."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-3-48-50-more-mileage-from-margin-by-john-summa-21.gif"",""height"":""263"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-3-48-50-more-mileage-from-margin-by-john-summa-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-3-48-50-more-mileage-from-margin-by-john-summa-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v225wirexauv,d,"{""minimum-quantity"":""1"",""path"":""ch3ma20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:3 (56-61): Will The Real XAU Volume Please Stand Up? by James Kellndorfer"",""caption-linebreaks"":""V. 22:3 (56-61): Will The Real XAU Volume Please Stand Up? by James Kellndorfer
There’s more to volume than meets the eye. One of the questions facing technical analysts today is deciding which dataset to use. This dilemma, which recently exposed the ugly side of technical analysis with the XAU index, stems from poor standards and definitions, and it is exacerbated by the fact that technicians assume they know what they are working with. Data is now available in so many varieties that a technician must be careful not to overlook the obvious, and it is becoming far too easy to inadvertently mix datasets.
DATA: HUMAN OR ANDROID?
It is common for technicians to use end-of-day quotations, but when was the last time you asked your data vendor what a quote actually represents? Recently, I conducted a study and noticed discrepancies that led me all the way back to the source — the data. So I thought I would share my findings with you.
First of all, what is it you want your end-of-day quote to\nrepresent? Do you want a record of all prices from all\nexchanges, including electronic trading portals and their volume? Or do you want to specify which trading sessions should be included? These questions illustrate the complexity of today’s financial data, and there seems to be no end to the permutations that currently exist."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-3-56-61-will-the-real-xau-volume-please-stand-up-by-james-kellndorfer-21.gif"",""height"":""263"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-3-56-61-will-the-real-xau-volume-please-stand-up-by-james-kellndorfer-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-3-56-61-will-the-real-xau-volume-please-stand-up-by-james-kellndorfer-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v22683prreho,d,"{""minimum-quantity"":""1"",""path"":""ch3ma20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:3 (66-67, 83): Product Review: HotComm Trader by Matt Blackman"",""caption-linebreaks"":""V. 22:3 (66-67, 83): Product Review: HotComm Trader by Matt Blackman
Take a trip to Trader Town! With a population of more\nthan 500 and growing, this community hums 24\nhours a day, seven days a week, and is a testament to the man and the technology that made it all possible.\nThis town has no buildings, roads, police station, or fire hall, and no one actually lives there. You won’t find it\non a map. Its regulars include a number of doctors, lawyers, a brokerage firm CEO, commodity pit traders, well-known book and magazine authors, and members\nof a whole range of professions in between.
Founded by a man named Ken Wood, this high-tech hamlet can only be reached via the Internet. Better known as “Woodie’s CCI Club” (www.WoodiesCCIClub.com), it is home to a growing population of Netizens who have two things in common: first, they are traders, and second, they all rely on one indicator that their honorary “mayor,” trading teacher, and mentor has used for years to earn a\nliving in the market — the commodity channel index (CCI)."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-3-66-67-83-product-review-hotcomm-trader-by-matt-blackman-21.gif"",""height"":""263"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-3-66-67-83-product-review-hotcomm-trader-by-matt-blackman-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-3-66-67-83-product-review-hotcomm-trader-by-matt-blackman-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v226wefortrm,d,"{""minimum-quantity"":""1"",""path"":""ch3ma20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:3 (68-69): Websites For Traders: MrSwing.com by David Penn"",""caption-linebreaks"":""V. 22:3 (68-69): Websites For Traders: MrSwing.com by David Penn
MRSWING.COM
Do you swing? Whether you are a novice or a veteran trend trader who has discovered that your need for immediate gratification (also known as “ringing the\nregister”) is greater than your ability to withstand the inevitable drawdowns and lower winning trade percentages involved in riding out long-term market moves, then call me crazy, but swinging — as in swing trading — may be your thing.
What is swing trading? As Frederik Van Duuren, better known as “Larry Swing,” the creator of MrSwing.com, puts it in a section of his website called “The Master Plan”:
Why does swing trading work? Simply because fast moving stocks tend to pause for a few days before they\nexplode again. Just look at any candlestick chart! Stocks keep on cycling every three, five, to seven days. In other words, for every three-day gain there will probably be a down day. For every five-day gain there may be three down days. A seven-day rally may produce up to five down days. And the great thing about\nswingtrading [sic] is that there is never a shortage of new opportunities. We just need to wait patiently for the\nright stock to cycle …"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-3-68-69-websites-for-traders-mrswing-com-by-david-penn-21.gif"",""height"":""263"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-3-68-69-websites-for-traders-mrswing-com-by-david-penn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-3-68-69-websites-for-traders-mrswing-com-by-david-penn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v227qabydonb,d,"{""minimum-quantity"":""1"",""path"":""ch3ma20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:3 (74): Q&A by Don Bright"",""caption-linebreaks"":""V. 22:3 (74): Q&A by Don Bright
Q: Why are you so sure you will be on the same side as the specialist when using envelope orders? Would you please explain the basics about how you select your stocks (criteria)? When do you enter a trade (and when do you pull the order to avoid getting filled)? Finally, you say you have this automated. Does that mean you trade only the price movements of the particular stock?
A: When you “envelope” the bid and offer, you are looking to take advantage of what we call trade-throughs. This is when the stock drops or rises an unusual amount to accommodate a large order and trades through the existing bid or offer price. Note that the existing orders are entitled to the block trade, or improved, price when they print. The specialist usually\nparticipates in this accommodation.
We primarily use high-cap NYSE stocks for this technique. We understand that as traders we must help the markets by providing liquidity, and sometimes we get rewarded for it."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-3-74-q-a-by-don-bright-20.gif"",""height"":""263"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-3-74-q-a-by-don-bright-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-3-74-q-a-by-don-bright-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v227indanoon,d,"{""minimum-quantity"":""1"",""path"":""ch3ma20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:3 (76-83): Interview: David Norman On Market Technology by Jayanthi Gopalakrishnan"",""caption-linebreaks"":""V. 22:3 (76-83): Interview: David Norman On Market Technology by Jayanthi Gopalakrishnan
Trading’s come a long way since the days of the bucket shops, and now, technology and trading have become virtually inseparable. Here’s someone who can tell us all about it: David Norman has been involved in trading and financial markets technology for 19 years. He has traded for and overseen trading operations in a variety of derivative instruments for a number of international\ncompanies, including Prudential Bache International, Cargill Investors Services, Sanwa Futures, Natwest Markets, and UBS Philips and Drew. The author of two books on trading and market technology, Norman is currently the director of market technology at Illinois Institute of Technology (IIT) and a financial markets consultant for Office for Market Technology, Inc.
STOCKS & COMMODITIES Editor Jayanthi Gopalakrishnan spoke with Norman on January 9, 2004, asking him about the state of trading technology today.
Q: Can you tell us about your background in finance and how you got interested in market technology?
A: I started trading on the London Stock Exchange in 1985. I was a trainee trader when they still had the open outcry marketplace in London. From trading in stocks, I went to trading in options around 1987, and then migrated to trading futures in the early 1990s. So my experience really began in stocks, which was a nice start, and then I went to derivatives at quite an early stage.
I was involved throughout the mid- to late 1990s in trading on LIFFE in several different futures and options products, and was broking open outcry Bund futures when EUREX took back the lion’s share of the business from LIFFE in 1996 and 1997. From that point on, LIFFE began to build its own electronic platform, and I got very interested in how that was going."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-3-76-83-interview-david-norman-on-market-technology-by-jayanthi-gopalakrishnan-20.gif"",""height"":""263"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-3-76-83-interview-david-norman-on-market-technology-by-jayanthi-gopalakrishnan-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-3-76-83-interview-david-norman-on-market-technology-by-jayanthi-gopalakrishnan-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v228exyoopby,d,"{""minimum-quantity"":""1"",""path"":""ch3ma20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:3 (84): Explore Your Options by Tom Gentile"",""caption-linebreaks"":""TECHNICAL OR FUNDAMENTAL?
Q: Which is a better form of analysis to use when trading options, technical or fundamental?
A: Talk about a loaded question! Well, when trading options, the fact is that the life of an option is limited to the terms of the contract. Since the majority of options traders focus on contracts that expire within three months, it’s plain to see that fundamental analysis really isn’t going to help much.
That’s not to say that certain fundamentals won’t be helpful in making a decision to place a trade, but you probably don’t care whether that offshore drilling company is projected to grow at a 15% annual rate for the next five years. You’d rather know if other traders are buying or selling on shorter term news. Fundamental events that will help you understand what’s going on in technical charts include earnings reports, press conferences, industry forums, shareholder meetings, and other news that will find its way to the financial news stations or journals."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-3-84-explore-your-options-by-tom-gentile-20.gif"",""height"":""263"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-3-84-explore-your-options-by-tom-gentile-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-3-84-explore-your-options-by-tom-gentile-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v228prrewede,d,"{""minimum-quantity"":""1"",""path"":""ch3ma20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:3 (85-89): Product Review: Wealth-Lab Developer 3.0 by Dennis D. Peterson"",""caption-linebreaks"":""V. 22:3 (85-89): Product Review: Wealth-Lab Developer 3.0 by Dennis D. Peterson
Wealth-Lab Developer 3.0 (WLD3), like the previous release, provides the means to test trading strategies as well as evaluate individual indicators. Several features have been added to make the user interfaces more robust. Unlike most trading evaluation products,\nWealth-Lab does not require that you pay for a datafeed, as its interface uses free Yahoo!, MSN Money, or WallStreetCity end-of-day data. It is a modestly priced product that you can own outright with no additional fees.
Most important, Wealth-Lab has a large repertoire of trading scripts that represents the thinking of many individuals. These trading scripts are called\nchartscripts. I think at the very least experienced traders will get some tremendously beneficial ideas by trying out some of these trading strategies. And frankly, some of the scripts are just plain good.
Along with trading scripts there are\nfive other valuable capabilities. First is\nthe ability to create watchlists, which\nare sets of symbols you can evaluate\nagainst different scripts and money\nmanagement schemes. This is valuable\nsince different groups of stocks trade\ndifferently. Second is the ability to evaluate individual indicators. Third is the\nability to build trading scripts by clicking\nand dragging on names/titles, so\nyou do not have to learn Wealth-Lab\nscript at all. Fourth, WLD3 gives you\nthe ability to evaluate a set of\nchartscripts against a watchlist. Fifth\nand finally is the ability to scan a\nwatchlist, set alerts and, if you wish,\ncreate a trade automatically."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-3-85-89-product-review-wealth-lab-developer-3-0-by-dennis-d-peterson-20.gif"",""height"":""263"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-3-85-89-product-review-wealth-lab-developer-3-0-by-dennis-d-peterson-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-3-85-89-product-review-wealth-lab-developer-3-0-by-dennis-d-peterson-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v229wefortrg,d,"{""minimum-quantity"":""1"",""path"":""ch3ma20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:3 (90-91): Websites For Traders: GoldMoney.com by Bruce R. Faber"",""caption-linebreaks"":""V. 22:3 (90-91): Websites For Traders: GoldMoney.com by Bruce R. Faber
GOLDMONEY.COM
There are two basic kinds of money: commodity-backed money and faith-based money. Commodity-backed currency can be exchanged on demand for the commodity that backs it. That commodity might be gold or silver, or it could be something of lesser, but commonly known, value, such as grain rye — hence the “rye marks” of Weimar\nGermany in 1923. In order to increase the amount of a commodity-based currency, there must be an increase in that commodity. More gold and/or silver must be mined or acquired by trade, or more rye must be grown and stored, before the corresponding supply of\nmoney can be increased.
On the other hand, faith-based money, more commonly referred to as fiat money, is simply declared to be legal tender, usually by a government entity, and it thereafter maintains its value based on the faith and credit of the government that instituted it as currency. This is a quick and easy way to create money. No commodity needs to be mined, grown, or stored. The only requirement is continuing faith in the controlling government. Such a system works very well, as long as the government keeps a tight rein on the amount of the money in circulation."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-3-90-91-websites-for-traders-goldmoney-com-by-bruce-r-faber-20.gif"",""height"":""263"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-3-90-91-websites-for-traders-goldmoney-com-by-bruce-r-faber-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-3-90-91-websites-for-traders-goldmoney-com-by-bruce-r-faber-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v229trtibyte1,d,"{""minimum-quantity"":""1"",""path"":""ch3ma20"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:3 (92-102): Traders’ Tips by Technical Analysis, Inc."",""caption-linebreaks"":""V. 22:3 (92-102): Traders’ Tips by Technical Analysis, Inc.
This month's Traders' Tips feature code for Giorgos Siligardos' article \""Mechanically Recognized Triagular Formations,\"" which describes a method of assessing chart patterns in terms of triangles with falling volume.
Code is supplied for the following software: TradeStation, MetaStock, AmiBroker, eSignal, Wealth-Lab, NeuroShell Trader, TickQuest, Prophet, TechniFilter Plus, and Trade Navigator."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-3-92-102-traders-tips-by-technical-analysis-inc-20.gif"",""height"":""263"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-3-92-102-traders-tips-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-3-92-102-traders-tips-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v22186letosc,d,"{""minimum-quantity"":""1"",""path"":""ch5m201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:5 (10-13, 86-87): Letters To S&C by Technical Analysis, Inc."",""caption-linebreaks"":""Letters To S&C by Technical Analysis, Inc.
EMAIL SPAM
Editor,\nI received a piece of spam\ntoday that mentions your\nmagazine. I am contacting\nyou to enlist your aid in\nbattling such spam.
Inasmuch as I resent every uninvited\nemail contact such as this, and think that\nspammers ought to be banished from\ncivilized society, I urge you to adopt the\neditorial position that this person and\nhis company are no longer welcome in\nthe pages of STOCKS & COMMODITIES\nmagazine, and that he is also no longer\nentitled to use your logo in his ads. Such\nuse by him reflects badly on your publication\ndue to guilt by association. The\nonly way to get rid of spam is to get rid\nof spammers, to cut off their food supply,\nand to punish them at every available\nopportunity.
If you decided to mention in your\nmagazine that this person and his company\nare vile spammers and should be\nshunned, that would also go far in encouraging\nothers not to use his services.
Thank you in advance for your consideration\nof this request.\nTOM MCCLELLAN\nThe McClellan Market Report"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-5-10-13-86-87-letters-to-s-c-by-technical-analysis-inc-21.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-5-10-13-86-87-letters-to-s-c-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-5-10-13-86-87-letters-to-s-c-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v221trreadse,d,"{""minimum-quantity"":""1"",""path"":""ch5m201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:5 (106-121): Traders’ Resource: Advisory Services"",""caption-linebreaks"":""Traders’ Resource: Advisory Services
Advisory services are all over the place,\nas this listing shows. You have plenty of\nchoice and plenty of price points to\nconsider.
One key factor is whether the outfit\nyou’re checking out is a Registered Investment\nAdvisor (RIA) or a registered\nCommodity Trading Advisor (CTA).\nThough it doesn’t weed out the foolish advice, the act of registration puts the person or persons under\nthe government’s scrutiny. In this listing, filled in by the\ncompanies themselves, you’ll find those who have RIA and/or CTA certifications as well as those who are nonregistered\nadvisories.
If it’s trading advice you seek, then track records are\nessential, preferably records monitored by third parties. References\nshould also be checked and if publications are involved,\nback issues should be scanned. Even then, a lengthy\nobservation period following the advisor’s rationale and\nrecommendations is prudent. Commit money to trades only\nwhen you are ready to follow the advice thoroughly: You’ll\nonly have yourself to blame if you cherry-pick trades and\ncome up with results differing from the advisor’s."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-5-106-121-traders-resource-advisory-services-21.gif"",""height"":""262"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-5-106-121-traders-resource-advisory-services-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-5-106-121-traders-resource-advisory-services-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v221bofortrb3,d,"{""minimum-quantity"":""1"",""path"":""ch5m201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:5 (130): Books For Traders by Technical Analysis, Inc."",""caption-linebreaks"":""Books For Traders by Technical Analysis, Inc.
This article contains short one-paragraphic descriptions for the following recently published books:
• The Event-Trading Phenomenon
• Trade Like A Hedge Fund: 20 Successful, Uncorrelated Strategies & Techniques To Winning Profits
• An Investor’s Guide To Trading Options
• The Dollar Crisis: Causes, Consequences, Cures
• Quantitative Trading Strategies
• Stikky Stock Charts
• The Retirement Savings Time Bomb … And How To Defuse It: A Five-Step Action Plan For Protecting Your IRAs, 401(K)s, And Other Retirement Plans From Near Annihilation By The Taxman"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-5-130-books-for-traders-by-technical-analysis-inc-20.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-5-130-books-for-traders-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-5-130-books-for-traders-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v221rarestby,d,"{""minimum-quantity"":""1"",""path"":""ch5m201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:5 (16,20,22,24,26): Ranked Relative Strength by Jeff Parent"",""caption-linebreaks"":""Ranked Relative Strength by Jeff Parent
How do you know which sectors to trade?\nHere’s a system that will identify the\nstrongest sectors so you know what you\nshould be chasing.
When Charles Dow started\nrecording his average in\nthe late 19th century (Figure\n1), the markets were\nessentially a one-horse\nshow. Transportation-related\nstocks dominated\nthe blue-chip segment of\nthe markets and were the most actively traded. Dow used them as\na proxy to gauge economic conditions.\nHe measured the simple average price of\na basket of predominantly railroad stocks\nand compared the result to the 100 level. This may seem unusual, but until October 13, 1915, stocks\nwere quoted as a percentage of their par value, which was\ntypically $100 anyway. Besides having par value in common,\ncompanies had similar capital structures and dividend policies,\nso the 100 level was a natural reference point.
Charles Dow went further by writing about the movements\nof his average. Much of technical analysis is based on his\nobservations. The ideas of trends, retracements, reversal points,\nand cycles were all common topics in his editorials."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-5-16-20-22-24-26-ranked-relative-strength-by-jeff-parent-20.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-5-16-20-22-24-26-ranked-relative-strength-by-jeff-parent-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-5-16-20-22-24-26-ranked-relative-strength-by-jeff-parent-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v222phchinby,d,"{""minimum-quantity"":""1"",""path"":""ch5m201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:5 (28-37): Phase Change Index by M.H. Pee"",""caption-linebreaks"":""Phase Change Index by M.H. Pee
Which phase is your market going through? Find out by using\nthis indicator.
Prices at any time can be up, down, or unchanged.\nA period where market prices remain\nrelatively unchanged is referred to as a\nconsolidation. A period that witnesses relatively\nhigher prices is referred to as an uptrend,\nwhile a period of relatively lower prices is\ncalled a downtrend. The phase change index\n(PCI) is an indicator designed specifically to\ndetect changes in market phases.
THEORY BEHIND THE PCI
Six phase changes are possible, as illustrated in Figures 1–6\n(the black line represents the closing prices for a particular\nperiod, in this case 35 days). Just how does the PCI differentiate\nbetween the six? First, note that in order to trade the\nmarket profitably, you will have to hold long positions during\nuptrends, be short during downtrends, and be flat (or at least\nremain with the previous position) during consolidations\nuntil you are sure of the market direction. Hence, for the\nscenarios in Figures 1 and 3, you would like to be long (they\nsignal what could be the beginning of an uptrend). For the\nscenarios in Figures 2 and 4, you would prefer to be short, and\nfor the scenarios in Figures 5 and 6, you would be happy to\nremain with your position.
So what is the difference between Figures 1 and 3, Figures\n2 and 4, and Figures 5 and 6? To find out, draw an imaginary\ngradient line connecting the starting and ending closing\nprices for the selected period (see the red line in Figures 1–6).\nFor the scenarios in Figures 1 and 3, note that most of the\ncloses for the period remain below this line. In addition, the\ngradient line slopes upward.
For Figures 2 and 4, most of the closes were above the\ngradient line for the chosen period, and the gradient line\nslopes downward. For Figure 5, most of the closes remain\nabove the gradient line (which is the same as Figures 2 and 4),\nbut its gradient line slopes up instead of down. Finally, Figure\n6 shows the majority of the closes below the gradient line\n(which resembles Figures 1 and 3), but it displays a downward-\nsloping gradient line."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-5-28-37-phase-change-index-by-m-h-pee-20.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-5-28-37-phase-change-index-by-m-h-pee-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-5-28-37-phase-change-index-by-m-h-pee-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v223siphchin,d,"{""minimum-quantity"":""1"",""path"":""ch5m201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:5 (35): Sidebar: Phase Change Index by M.H. Pee"",""caption-linebreaks"":""Stocks & Commodities V. 22:5 (34-35): Sidebar: Excel codes for PCI by M.H. Pee
EXCEL CODES FOR PCI\nIn this section, I will provide the Excel codes for the 35-day PCI. Sidebar Figure 1 (following page) shows all the required calculations for the 35-day PCI on the euro between January 2, 2002, and April 12, 2002, inclusively. The data is represented in continuous contract format. The date, open, high, low, and close are entered into columns A, B, C, D, and E, respectively. The date is represented using eight digits, with the first four representing the year, the next two the month, and the last two the day. For example, the number 20020301 represents March 1, 2002."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-5-35-sidebar-phase-change-index-by-m-h-pee-21.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-5-35-sidebar-phase-change-index-by-m-h-pee-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-5-35-sidebar-phase-change-index-by-m-h-pee-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v223infitrby,d,"{""minimum-quantity"":""1"",""path"":""ch5m201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:5 (38-40,42): The Inverse Fisher Transform by John F. Ehlers"",""caption-linebreaks"":""The Inverse Fisher Transform by John F. Ehlers
How often have you been indecisive about entering\nor exiting a trade? Here’s one way to get a clear\nindication.
The purpose of technical indicators is to\nhelp time your decisions to buy or sell.\nIdeally, their signals should be clear\nand unequivocal, but more often than not you will find yourself crossing your fingers\nbefore pulling the trigger. Even if you have placed\nonly a few trades, you will have experienced this.
INVERSE FISHER TRANSFORM
In this article I will show you a way to program your\noscillator-type indicators to give clear, black-andwhite\nindications of when to buy or sell. I will do this\nby using the inverse Fisher transform to alter the probability distribution function\n(PDF) of your indicators.
In the past, I have noted that the\nPDF of price and indicators do not\nhave a Gaussian, or normal, probability\ndistribution. A Gaussian\nPDF is the familiar bell-shaped\ncurve in which the long “tails”\nmean that wide deviations from\nthe mean do not occur frequently.\nThe Fisher transform can be applied\nto almost any normalized\ndataset to make the resulting PDF\nnearly Gaussian, with the result\nthat the turning points are sharply\npeaked and easy to identify."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-5-38-40-42-the-inverse-fisher-transform-by-john-f-ehlers-21.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-5-38-40-42-the-inverse-fisher-transform-by-john-f-ehlers-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-5-38-40-42-the-inverse-fisher-transform-by-john-f-ehlers-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v224bagoandp,d,"{""minimum-quantity"":""1"",""path"":""ch5m201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:5 (48-53): The Bad, The Good, And The Profitable by John L. Momsen"",""caption-linebreaks"":""The Bad, The Good, And The Profitable by John L. Momsen
Here’s why you have to research your trades as thoroughly\nas possible.
In February 2003, I received an intriguing email\nfrom one of my friends. He said he had discovered\na nearly perfect, 94% profitable, seasonal\ntrade in the orange juice market and wanted my\nopinion on it. This certainly piqued my interest:\nI’ve been a trader of seasonal commodity trades for more than 20 years, and I’ve written both books and\narticles on the subject. So what was this seasonal trade? “Buy\nMay orange juice on the close of February 26 and exit the\ntrade on the close of March 17.”
THE BAD
My friend wanted my opinion, so I needed to analyze the\ntrade. My original excitement was diluted when I found out\nthe seasonal had only been studied for the last 17 years.\nOrange juice has been trading a lot longer than that, and I\nbelieve strongly in using the greatest amount of data available\nto test any seasonal trade.
Second, the relative short time period of the trade bothered\nme. In my experience, few seasonal trades that last less than\na month end up being profitable. Often, they are just mathematical\nchance happenings that occur when an entry day\nprice is lower than the exit day’s price. These trades are\nmostly computer-generated and are rarely true seasonals."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-5-48-53-the-bad-the-good-and-the-profitable-by-john-l-momsen-21.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-5-48-53-the-bad-the-good-and-the-profitable-by-john-l-momsen-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-5-48-53-the-bad-the-good-and-the-profitable-by-john-l-momsen-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v225fomeofma,d,"{""minimum-quantity"":""1"",""path"":""ch5m201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:5 (58-61): Four Measures Of Market Volatility by Frederic Ruffy"",""caption-linebreaks"":""Four Measures Of Market Volatility by Frederic Ruffy
How do you read the CBOE’s new measures of volatility? Find\nout here.
The CBOE volatility index (VIX) was last modified\nin September 2003. The Chicago Board\nOptions Exchange (CBOE) reconstructed the\nindex ahead of a planned launch of options\nand futures on the index. While the debut of these new options and futures products is expected in late\nMarch 2004 (as of this writing in early March) pending\nregulatory approval, the old VIX started appearing under the\nsymbol VXO, and the new formula began, continuing the ticker\nsymbol VIX.
Today, both indexes offer real-time information concerning\nimplied volatility in the options market. In addition,\ntraders can gauge volatility trends using two other relatively\nnew indexes — the Nasdaq 100 volatility index (VXN) and\nthe Nasdaq QQQ volatility index (QQV). In order to make\nsense of all these volatility indexes, let’s take a look at what\nthey represent and what makes each one unique.
USING VOLATILITY
The CBOE launched the original VIX in 1993. Eleven years\nlater, much has changed in the options markets, and as a\nresult, the CBOE decided that it was tune-up time for the\nvolatility index. The most significant change is that, while the\nold index was based on the implied volatility (IV) of Standard & Poor’s 100 index (OEX) options,\nthe new volatility index is\nderived from the more actively\ntraded and liquid S&P 500 (SPX)\noptions contract."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-5-58-61-four-measures-of-market-volatility-by-frederic-ruffy-20.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-5-58-61-four-measures-of-market-volatility-by-frederic-ruffy-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-5-58-61-four-measures-of-market-volatility-by-frederic-ruffy-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v226prvoprmo,d,"{""minimum-quantity"":""1"",""path"":""ch5m201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:5 (68-71): Price + Volume = Price Movement by Tim Ord"",""caption-linebreaks"":""Price + Volume = Price Movement by Tim Ord
Here’s how you can use price and volume to determine buy and\nsell signals.
I use a lot of different indicators and methods,\nbut one that has been consistently successful\nis the price/volume relationship at support\nand resistance levels. Support or resistance\nareas occur at previous highs and lows. Prices\nbounce off previous highs and lows and develop\ntrading ranges. I will show you how\nprice and volume react to previous highs and\nlows, and why price pushes through or reverses\nat these points.
SWINGS
Previous highs and lows in a stock or index define current\nsupport and resistance areas. A previous high or low in a stock\nor index is referred to as a swing. I draw a horizontal trendline\nfrom the previous swing high or low to determine at what\nprice support or resistance will appear in the future. These\nprevious swing highs and lows are points where I make\ndecisions for placing buy or sell orders. The horizontal lines\ndrawn from previous highs and lows indicate where the\nsupport or resistance may come in. The line graph of a stock\nor index in Figure 1 illustrates a swing high and low.
By studying the works of Richard Wyckoff, the master of\nprice and volume, I have developed some rules using the\nprice/volume relationship. Wyckoff developed techniques in\nthe 1930s that combine price and volume of equities with\nprice predictability. The techniques he developed stood the\ntest of time and still work to this day. I expanded on his ideas\nand came up with several rules that I use daily in my trading.\nLet’s go over these rules and look at a price history to see\nwhere buy and sell signals developed."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-5-68-71-price-volume-price-movement-by-tim-ord-20.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-5-68-71-price-volume-price-movement-by-tim-ord-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-5-68-71-price-volume-price-movement-by-tim-ord-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v227inuninan,d,"{""minimum-quantity"":""1"",""path"":""ch5m201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:5 (72-79): Interview: Understanding Intermarket Analysis With John J. Murphy by Matt Blackman"",""caption-linebreaks"":""Interview: Understanding Intermarket Analysis With John J. Murphy by Matt Blackman
John Murphy has become a household name in the technical analysis\ncommunity. And how could he not? He was the technical analyst for\nCNBC for seven years, and is the cofounder and president of\nMurphyMorris.com. His book Technical Analysis Of The Financial\nMarkets, first written in the late 1980s, has become a classic, and its\nlatest edition is required reading for those studying for the Market\nTechnicians Association’s Chartered Market Technicians (CMT) designation.\nHe is also the author of The Visual Investor and Charting\nMade Easy, and writes the Murphy Market Message, an online\nnewsletter that can be found on StockCharts.com.
His latest book on the subject of global market relationships,\nIntermarket Analysis, has just been published. It updates many of the\nrelationships discussed in his earlier texts, and explains pivotal\nmarket changes that have occurred since 1990. STOCKS & COMMODITIES\ncontributor Matt Blackman spoke with John Murphy via telephone\non December 2, 2003.
When did you first get interested\nin intermarket analysis?
Early on. When I first\nstarted working as a Early on. When I first\nstarted working as a technical analyst in the late 1960s, I was a\nstock analyst. In the 1970s, I gravitated\ntoward the commodity market and I was\nin the futures business for the next 15\nyears while it went through an evolution\nfrom hard commodities like grains\nand corn into financials and currencies.\nI was there in the mid- to late 1970s,\nwhen contracts on currencies and US\nTreasury bonds were introduced, and in\nthe early 1980s, when they introduced\nstock index futures.\nThe stock market people on Wall\nStreet just looked at stocks, and commodity\npeople just looked at commodities.\nBut in the futures world, we were\ntrading commodities, currencies,\nstocks, and bonds, and we were the\nonly ones doing this. For the first time\nwe had everything in one pile and we were trading it all. I was\nmanaging money at the\ntime and witnessed a number\nof correlations firsthand.
The origins of intermarket\nanalysis!
The real key was when I\nstarted working for the\nCommodity Research Bureau\n(CRB) as a consultant. When the New York Futures Exchange\nlaunched a futures contract on the CRB\nindex in the mid-1980s, I had access to\nall the research that had been done, and\nit referred to correlations with stocks\nand bonds. That solidified my belief\nin the strong correlation between commodity\nprices and bonds, and that’s\nhow it evolved.
The key factor was the evolution of\nthe futures industry. A futures trader\nhas access to all the markets, and it’s\nonly a matter of time before you start\nseeing the correlations."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-5-72-79-interview-understanding-intermarket-analysis-with-john-j-murphy-by-matt-blackman-20.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-5-72-79-interview-understanding-intermarket-analysis-with-john-j-murphy-by-matt-blackman-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-5-72-79-interview-understanding-intermarket-analysis-with-john-j-murphy-by-matt-blackman-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v228exyoopby1,d,"{""minimum-quantity"":""1"",""path"":""ch5m201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:5 (80): Explore Your Options by Tom Gentile"",""caption-linebreaks"":""Explore Your Options by Tom Gentile
COVERED CALLS
If I write a covered call for a stock I\nbought at 30.50, am I allowed to place\na stop-loss price, say, 27.00, to protect\nit from further decline? What happens\nif the stop-loss price is triggered?
Although one of the components of\na covered call is the underlying stock,\nit is still a spread, since it contains a\ncombination of both a long and a short\nposition. Most brokers do not place\nstop orders on spreads. However, you\ncan probably place what is known as a\ncontingency order, in which the spread\nis sold based on the stock price alone.\nIf, for example, you decide that you\nwish to sell the spread when the stock\nhits 27, the contingency order will automatically\nsell your spread at the price\nyou specify or at the market. But again,\nthis is up to each individual broker and\nis something you should ask about."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-5-80-explore-your-options-by-tom-gentile-21.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-5-80-explore-your-options-by-tom-gentile-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-5-80-explore-your-options-by-tom-gentile-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v228quscunac,d,"{""minimum-quantity"":""1"",""path"":""ch5m201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:5 (82-83): Quick Scans: Universal Account by Jayanthi Gopalakrishnan"",""caption-linebreaks"":""Quick Scans: Universal Account by Jayanthi Gopalakrishnan
With globalization the focus of so much\ndiscussion in recent times, it may not be\na bad idea to take advantage of a global\nmarketplace. As more exchanges become\naccessible due to the expansion in\nelectronic exchanges, global participation\ncertainly has become a possibility,\nand brokers are not far from bringing\nthese markets to your desktop. For example,\nInteractive Brokers (IB) now\noffers its Universal Account trading platform.\nThis account enables you to trade\nstocks, futures, options, futures on options,\nand exchange-traded funds (ETFs)\non 40 market centers in 13 different\ncountries. What is even more attractive\nis that you can trade these products from\naround the world through one account,\nwhich can be opened in one currency. If you wish to trade products that are denominated\none of seven other major\ncurrencies, IB will automatically create\na margin loan in the non-base currency,\nor if you prefer to take on the security\nrisk, it will allow you to make a foreignexchange\ntrade. There are some restrictions,\nbut these are clearly described at\nwww.InteractiveBrokers.com."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-5-82-83-quick-scans-universal-account-by-jayanthi-gopalakrishnan-21.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-5-82-83-quick-scans-universal-account-by-jayanthi-gopalakrishnan-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-5-82-83-quick-scans-universal-account-by-jayanthi-gopalakrishnan-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v228berewisi,d,"{""minimum-quantity"":""1"",""path"":""ch5m201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:5 (84-86): Better Returns With Single-Stock Futures by Jeffrey P. Seyler"",""caption-linebreaks"":""Better Returns With Single-Stock Futures by Jeffrey P. Seyler
What exactly are they, and how can we use them\nto our advantage?
Launched on November 8, 2002,\nsecurity futures products have\nbeen watched by many but\ntraded by few. The reasons for\nthis vary, but lack of volume\n(and therefore liquidity) seems to be one of them. As with all new products,\nvolume takes time to develop, but these products\nare becoming more popular little by little,\nand will continue to increase in volume over\ntime. And in spite of low volume, reports are\nthat the two primary exchanges offering these\nproducts (OneChicago and NQLX) have been\nable to handle both large and small orders with\nacceptable fill prices quite regularly. Liquidity\ndoesn’t seem to be a problem.
SINGLE-STOCK FUTURES EXPLAINED
The term security futures products actually\nencompasses both single-stock futures and\nmicrosector indexes. Currently, about 100\nstocks are available as single-stock futures, a\nhandful of exchange-traded funds (ETFs), and\n15 microsector indexes. For this article, however,\nI will restrict the discussion to singlestock\nfutures."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-5-84-86-better-returns-with-single-stock-futures-by-jeffrey-p-seyler-21.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-5-84-86-better-returns-with-single-stock-futures-by-jeffrey-p-seyler-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-5-84-86-better-returns-with-single-stock-futures-by-jeffrey-p-seyler-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v228wefortr8,d,"{""minimum-quantity"":""1"",""path"":""ch5m201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:5 (87): Websites For Traders: 888Options.com by Bruce Faber"",""caption-linebreaks"":""Websites For Traders: 888Options.com by Bruce Faber
888OPTIONS.COM
This site could have been named\n“AllAboutOptions.com” or “Everything-You-Wanted-To-Know-About-Options-But-Were-Afraid-To-Ask.com,” but it would have been more\ndifficult to find a phone number that\nmatched.
The Options Industry Council (OIC)\ndeveloped 888OPTIONS.com to educate\nthe investing public (and their brokers)\nabout the benefits and risks of exchangetraded\noptions. While options are highly\nflexible, versatile, and often rewarding,\nthey are also complex, tricky, and risky.\nIn their continuing endeavor to educate\ninvestors in the skills of trading options,\nthe OIC conducts hundreds of\nseminars throughout the year, distributes\nthousands of videos and brochures,\nand maintains the 888OPTIONS.com\nwebsite focused on options education."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-5-87-websites-for-traders-888options-com-by-bruce-faber-20.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-5-87-websites-for-traders-888options-com-by-bruce-faber-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-5-87-websites-for-traders-888options-com-by-bruce-faber-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v229prrexoby,d,"{""minimum-quantity"":""1"",""path"":""ch5m201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:5 (91-92): Product Review: XOCharts by David Penn"",""caption-linebreaks"":""Product Review: XOCharts by David Penn
Are you still daytrading, enduring\nthe grief that friends\nand colleagues give you for\npursuing such a “reckless”\npastime? Maybe you’re a proponent of some of the classic technical\ntechniques of the first half of the\n20th century, and think there’s no worse\nabuse than that suffered by “outmoded”\nDow theorists, or Gann aficionados, or\nElliott wavers. Perhaps you’ve stopped\ntelling people you are a “long-only”\ntrader because you’re sick of hearing\n“What!? You call yourself a trader and\nyou never go short?!”
If so, stop yer whining, because the\nRodney Dangerfield “No Respect”\naward for technical analysis, in my opinion,\ngoes to none other than those stalwart\ntechnicians plotting little Xs and\nOs in point & figure charts. In a world\nof real-time, streaming intraday data,\nthree-dimensional price charts, and\nmore technical indicators and oscillators\nthan any sane trader could ever\nhope to learn (let alone use effectively),\npoint & figure chartists at times appear\nto be to technical analysis what the twohanded\nset shot is to professional basketball:\nIt ain’t fancy, but it sure is\neffective."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-5-91-92-product-review-xocharts-by-david-penn-20.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-5-91-92-product-review-xocharts-by-david-penn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-5-91-92-product-review-xocharts-by-david-penn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v22912wefort,d,"{""minimum-quantity"":""1"",""path"":""ch5m201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:5 (93-95, 129): Websites For Traders: StockConsultant.com by David Penn"",""caption-linebreaks"":""Websites For Traders: StockConsultant.com by David Penn
STOCKCONSULTANT.COM
How much information do you really want to know\nabout the stocks you are thinking about trading and\ninvesting? This was the first reaction I had when I typed\nYahoo’s stock symbol (YHOO) in the “enter symbol”\nbox of StockConsultant.com. With the click of a mouse,\nStockConsultant.com produced a stock report for YHOO\nthat was as comprehensive as any I’ve come across on\nthe Internet.
Doubt it? Consider what you get: a multichart geared\ntoward intraday (15-minute) data, with daily last, change,\nopen, high, low and volume information, current price/\nearnings ratio, and 52-week price range. To the left of\nthe multichart, there is a year-view area chart; an array\nof links for headlines from media sources like CNN; an\nearnings calendar; premarket quotes and indicators; and\nadditional stock-specific data such as short interest,\nfloat, corporate ratings, 10k filings, yearly and quarterly\ngrowth, and an industry overview page."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-5-93-95-129-websites-for-traders-stockconsultant-com-by-david-penn-20.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-5-93-95-129-websites-for-traders-stockconsultant-com-by-david-penn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-5-93-95-129-websites-for-traders-stockconsultant-com-by-david-penn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v229trtibyte2,d,"{""minimum-quantity"":""1"",""path"":""ch5m201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:5 (96-105): Traders’ Tips by Technical Analysis, Inc."",""caption-linebreaks"":""Traders’ Tips by Technical Analysis, Inc.
This month's tips contain code for John Ehlers' Inverse Fisher Transform in the following software programs: TradeStation, MetaStock, AmiBroker, WealthLab, TradingSolutions, NeuroShell Trader, AIQ TradingExpert, TickQuest, Prophet, StockWiz, Aspen Graphics, Financial Data Calculator, TechniFilter Plus, and eSignal."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-5-96-105-traders-tips-by-technical-analysis-inc-21.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-5-96-105-traders-tips-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-5-96-105-traders-tips-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v221letoscby1,d,"{""minimum-quantity"":""1"",""path"":""ch6j201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:6 (10-15): Letters To S&C by Technical Analysis, Inc."",""caption-linebreaks"":""V. 22:6 (10-15): Letters To S&C by Technical Analysis, Inc.
SPREADSHEETS
Editor,
The April 2004 issue of S&C contained an article called “Trend Quality Indicator.” I would like to see an update of this article in your magazine showing the formulas using Excel.
WOLFGANG TILCH, via email
Thank you for your interest. Unfortunately, we cannot always include formulas for Excel. Perhaps other readers who have created a spreadsheet will be able to share it with you. You may wish to post a message to this effect at our Message Board at http://messageboards.traders.com/.—Editor"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-6-10-15-letters-to-s-c-by-technical-analysis-inc-20.gif"",""height"":""263"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-6-10-15-letters-to-s-c-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-6-10-15-letters-to-s-c-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v221prrestby,d,"{""minimum-quantity"":""1"",""path"":""ch6j201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:6 (106-109): Product Review: StockShareV2 by David Penn"",""caption-linebreaks"":""V. 22:6 (106-109): Product Review: StockShareV2 by David Penn
At some point, if you’re looking to create a new technical analysis charting program, you’ll need to make a decision. Will this new program attempt to be\nthe Mother of All Technical Analysis Charting Programs, stuffed like a sausage with virtually every technical indicator, oscillator, study, analysis/drawing/projection tool/line/ray/segment, fan, and grid known to modern humanity? Or will this new program try something\nthat is in some ways even more difficult: a modest, yet fully equipped charting program that is exceptionally easy on the eyes, even easier to use, and with just enough of the right features to make a trader or investor forget about those dreams of endless pulldown menus\nof indicator preferences?
By all evidence, StockShare Publishing, creators of StockShareV2, have opted for the latter strategy. While it is true that, at this time in technical analysis history, StockShareV2 does not have every indicator mentioned in Steven Achelis’ classic Technical Analysis From\nA To Z (not that anyone would ever use, or want to use, every indicator in the alphabet …), StockShareV2 does have all of the basic indicators and studies — as well as a few unique surprises — that anyone would ever want in a basic technical analysis charting package."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-6-106-109-product-review-stocksharev2-by-david-penn-20.gif"",""height"":""263"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-6-106-109-product-review-stocksharev2-by-david-penn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-6-106-109-product-review-stocksharev2-by-david-penn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v221prretcby,d,"{""minimum-quantity"":""1"",""path"":""ch6j201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:6 (110-112): Product Review: TC2000/TCNet by Bruce Faber"",""caption-linebreaks"":""V. 22:6 (110-112): Product Review: TC2000/TCNet by Bruce Faber
TC2000 has come a long way, baby! Much of the basic\nlook of the software has remained the same since Christopher and Peter Worden started the company in 1988, but there have been many beneficial improvements, culminating in the newly released TC2000 version 5.3 and TCNet version 2.3. What began as an easy and inexpensive approach to technical analysis for the more or less novice investor has developed into a not-quite-so-simple, but still relatively inexpensive, platform for in-depth analysis.
With the slow modems of those early days, downloading open, high, low, and close (OHLC) data for about 300 stocks and indexes took several minutes. Back then, data cost half a cent per day for each stock you followed, plus there was a smaller, prorated charge for historical data. The only “news” you could get was the almost daily Worden Reports."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-6-110-112-product-review-tc2000-tcnet-by-bruce-faber-20.gif"",""height"":""263"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-6-110-112-product-review-tc2000-tcnet-by-bruce-faber-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-6-110-112-product-review-tc2000-tcnet-by-bruce-faber-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v221trrecoby,d,"{""minimum-quantity"":""1"",""path"":""ch6j201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:6 (116-121): Traders’ Resource: Consultants by Technical Analysis, Inc."",""caption-linebreaks"":""V. 22:6 (116-121): Traders’ Resource: Consultants by Technical Analysis, Inc.
Consultants consult on just about every conceivable worry traders have. A quick perusal of our listing in this issue shows that they have been called in to consult\non everything from tax advice to weather reporting. Can all this help you? Maybe. The rules for checking out consultants are simple: check references, check\nreferences, and (did you guess?) check references. Nothing can be more vague than a consultant’s\ninitial proposal, but nothing is clearer than a client’s opinion on the success of a consultant’s engagement. Consultants without satisfied clients are likely to be doubly expensive: wasted money and wasted time. When checking references, make sure you use some references not supplied by the company you are evaluating.
That said and with that in mind, you must do your homework before calling one in to help you. Be sure you can say in one sentence what you want the consultant to achieve. In addition, be sure you know of and can contact people who truly specialize in your area of concern, not simply someone who will take on any problem that someone dreams up. Again, references from others (and satisfied customers) are great leads."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-6-116-121-traders-resource-consultants-by-technical-analysis-inc-20.gif"",""height"":""263"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-6-116-121-traders-resource-consultants-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-6-116-121-traders-resource-consultants-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v221bofortrb4,d,"{""minimum-quantity"":""1"",""path"":""ch6j201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:6 (130): Books For Traders by Technical Analysis, Inc."",""caption-linebreaks"":""V. 22:6 (130): Books For Traders by Technical Analysis, Inc.
Here are brief descriptions of recently published books in the financial field.
Ponzi (347 pages, $14 softcover, 2004, ISBN 0-\n7679-1499-6) by Donald Dunn, published by Broadway\nBooks. The republishing of this 1975 biography\nseems altogether fitting in light of today’s recent corporate shenanigans. The tie-in is exemplified by\nSenator Peter Fitzgerald’s quote on the cover of the book of his comment to former Enron chairman Kenneth Lay: “You, sir, are the most accomplished confidence man since Charles Ponzi.” This book is about the man who is synonymous with the classic “rob-Peter-to-pay-Paul” scam in which money from new investors is used to reward earlier ones. In six months, Charles Ponzi went from an unknown Italian immigrant to a “wizard of finance” lionized by the public and politicians alike. Based on interviews with people who knew Charles Ponzi, including his widow, this book recreates one of the most notorious and colorful financial con-artists and the mad, money-hungry era in\nwhich he thrived. . ."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-6-130-books-for-traders-by-technical-analysis-inc-21.gif"",""height"":""263"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-6-130-books-for-traders-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-6-130-books-for-traders-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v221dovomaby,d,"{""minimum-quantity"":""1"",""path"":""ch6j201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:6 (18-22): Does Volume Matter? by Thomas N. Bulkowski"",""caption-linebreaks"":""V. 22:6 (18-22): Does Volume Matter? by Thomas N. Bulkowski
If a chart pattern breaks out on high volume, is it a blessing or a curse?
Recently, I was reading some reviews on Amazon.com for a book on technical analysis, and one reader comment that stuck in my mind was that the author didn’t discuss volume. Maybe it’s because volume isn’t important, I thought. In my daily routine, I rarely look at volume unless I’m considering a trade. Otherwise, it doesn’t even appear on my screen. But how important is volume? Does a high-volume breakout really suggest a better-performing pattern? Does a receding volume trend over the lifetime of the pattern suggest\nbetter post-breakout performance? I decided to find answers to these questions.
MEASURING BREAKOUT VOLUME
How do you measure volume? An exceptionally high daily volume in a sparsely traded stock might be less than an hour’s worth in an actively traded stock. So stock-to-stock comparisons would be worthless. To measure volume, I chose the volume average for\neach stock.
I computed the average volume for the three months before the breakout and assigned two categories to the\nbreakout volume: above-average volume (more than twice the average) or low volume (average or below average). Then I looked at chart patterns and mapped the volume with performance."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-6-18-22-does-volume-matter-by-thomas-n-bulkowski-20.gif"",""height"":""263"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-6-18-22-does-volume-matter-by-thomas-n-bulkowski-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-6-18-22-does-volume-matter-by-thomas-n-bulkowski-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v222ziandone,d,"{""minimum-quantity"":""1"",""path"":""ch6j201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:6 (24-31): Zigzag And One Rank Compared by Norman J. Brown"",""caption-linebreaks"":""V. 22:6 (24-31): Zigzag And One Rank Compared by Norman J. Brown
Try this to switch mutual funds.
The zigzag indicator has long been used to pick out the peaks and troughs of the price changes (rate of change, or ROC) of stocks and mutual funds. However, such an indicator typically cannot be used as an investing tool for switching funds. This is because the process of confirming the peaks or troughs with a following trough or peak will introduce excessive delays.
OVERCOMING THESE DELAYS
These delays can be overcome if you set the zigzag filter level below the smallest ROC of the fund being investigated. For example, assume all ROCs are greater than +/-0.01% and that the zigzag filter is set to 0.01%. Then any peak formed by one or more up days is immediately confirmed by any subsequent down day, as that down value always exceeds the filter level.
To confirm this approach, I applied zigzag with various filter levels to the Fidelity mutual fund FSPTX over a period of 10 years, 1993–2003. The data in Figure 1 shows that as the filter value becomes smaller, the parameters converge at a filter threshold of 0.01%, just as anticipated. Since the peaks/troughs are determined as they occur, the delay (Q command in FastTrack) is 0/0. If the delay is increased by one day (so you can take action with a buy or sell), the annualized return\ndrops from 718.5% to 36.4%.
What is the significance of these two returns? The first one is the maximum possible return of FSPTX if the investor buys and sells on each day at precisely the right time — seldom, if ever, possible. If the zigzag investor buys on the following day, however, the resulting (very nice) 36.4% return is what you would get using the “one rank” (OR) method, described in my earlier articles (see suggested reading). The bias and S/Y, or yearly switching rate, are also the same. The mathematically inclined may be interested to know that the 718.5% works out to 1.58% return per up day. This value is referred to as “average up return” in my earlier articles, where I pointed out that value is a direct function of the standard deviation (STD). This is an important parameter of risk that I will discuss later."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-6-24-31-zigzag-and-one-rank-compared-by-norman-j-brown-20.gif"",""height"":""263"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-6-24-31-zigzag-and-one-rank-compared-by-norman-j-brown-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-6-24-31-zigzag-and-one-rank-compared-by-norman-j-brown-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v224usmoflto,d,"{""minimum-quantity"":""1"",""path"":""ch6j201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:6 (40-51): Using Money Flow To Stay With The Trend by Markos Katsanos"",""caption-linebreaks"":""V. 22:6 (40-51): Using Money Flow To Stay With The Trend by Markos Katsanos
Avoid impending disasters and stay on the right side\nof the trend with the volume flow indicator.
In their classic Technical Analysis Of Stock Trends, Robert Edwards and John Magee make an appropriate\nintroduction to my topic:
Changes in trend, which represent an important shift in the balance between supply and demand … are detectable sooner or later in the action of the market itself. The … real value of a share is determined at any time … by supply and demand, which are accurately reflected in the transactions consummated in the floor of the New York Stock Exchange.
It is this change in supply and demand that I attempted to detect and quantify with my new indicator, which I call the volume flow indicator (VFI).
Why this new indicator? I was looking at the performance of some stocks that I had sold six to\neight months earlier because of short-term sell signals. These same stocks had since doubled in price, or in some cases tripled. Since small, random price movements tend to distort the underlying trend, I thought I’d create a long-term money flow indicator.
THE VOLUME FLOW INDICATOR
The rationale behind VFI is not new, but merely an\nimprovement on Joseph Granville’s approach to the\nclassic on-balance volume indicator (OBV). In designing the VFI, I attempted to improve on the following..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-6-40-51-using-money-flow-to-stay-with-the-trend-by-markos-katsanos-20.gif"",""height"":""263"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-6-40-51-using-money-flow-to-stay-with-the-trend-by-markos-katsanos-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-6-40-51-using-money-flow-to-stay-with-the-trend-by-markos-katsanos-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v224simecofo,d,"{""minimum-quantity"":""1"",""path"":""ch6j201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:6 (44): Sidebar: MetaStock code for VFI by Markos Katsanos"",""caption-linebreaks"":""V. 22:6 (44): Sidebar: MetaStock code for VFI by Markos Katsanos
METASTOCK CODE FOR VFI
To create the VFI Indicator in MetaStock, click on the indicator builder (fx), click on New…, type VFI in the Name box, and enter the code in the Formula box."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-6-44-sidebar-metastock-code-for-vfi-by-markos-katsanos-21.gif"",""height"":""263"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-6-44-sidebar-metastock-code-for-vfi-by-markos-katsanos-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-6-44-sidebar-metastock-code-for-vfi-by-markos-katsanos-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v225fotrplan,d,"{""minimum-quantity"":""1"",""path"":""ch6j201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:6 (52-58): Forex Trading Platforms And The Real World by Chris Melendez"",""caption-linebreaks"":""V. 22:6 (52-58): Forex Trading Platforms And The Real World by Chris Melendez
Here are some of the properties and pitfalls of online retail trading platforms versus the institutional foreign exchange execution systems.
Today’s foreign exchange markets are rapidly acquiring new traders and investors. Many daytraders and equity investors imagine they can easily become forex traders. But those who venture into the world of foreign exchange are often handicapped by the lure of quick money and by systems that are designed to benefit the trading platform operator, not necessarily the individual trader.
The equity fallout of the last few years has drawn stock and commodity traders to the foreign exchange market. But I consider the retail forex market to be much like the Wild West; there are no benchmarks with which the industry can align itself. There are no set parameters, nor are there consistent rules. There is no central agency or body where standards can be set and enforced. Platform operators are aware of all this, and that is where problems arise.
There are important areas to discuss when it comes to\ntrading platforms: leverage, highs and lows, hedging, commission (or lack thereof), slippage, re-quote, interest rates, and choosing a platform."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-6-52-58-forex-trading-platforms-and-the-real-world-by-chris-melendez-21.gif"",""height"":""263"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-6-52-58-forex-trading-platforms-and-the-real-world-by-chris-melendez-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-6-52-58-forex-trading-platforms-and-the-real-world-by-chris-melendez-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v225qabydonb1,d,"{""minimum-quantity"":""1"",""path"":""ch6j201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:6 (59): Q&A by Don Bright"",""caption-linebreaks"":""V. 22:6 (59): Q&A by Don Bright
ARBITRAGE
With regard to arbitrage, I think I understand the reasons why someone trading from a retail account cannot realistically (or should I say consistently) capture arbitrage opportunities. Based on what I can gather, the barriers to entry for “the little guy” are:
1. Cost. This includes commissions but also includes the effects of the bid/ask spread for retail customers.
2. Speed of execution. This includes not only the ability to spot the opportunity quickly, but also the speed with which you get filled.
Based on your experience, is this correct? Which of these two is the biggest obstacle? I’m sure there are other barriers, and I would certainly appreciate your thoughts on what the other (potential) obstacles are. Thanks — Marcus
Arbitrage takes many forms, and most of them have little or nothing to do with “speed of execution.” I realize that there are a few people who try to play the minor disparities between markets like a video game, but in my opinion, this is way too difficult for such a small amountof gain. . ."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-6-59-q-a-by-don-bright-21.gif"",""height"":""263"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-6-59-q-a-by-don-bright-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-6-59-q-a-by-don-bright-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v226ququbyes,d,"{""minimum-quantity"":""1"",""path"":""ch6j201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:6 (63): Quick-Scan: QuoTrek by eSignal by Jayanthi Gopalakrishnan"",""caption-linebreaks"":""V. 22:6 (63): Quick-Scan: QuoTrek by eSignal by Jayanthi Gopalakrishnan
Attention, traders! Wireless services are coming your way, and sophisticated services at that, thanks to the convergence of cell phone/PDA technologies and increasing bandwidth. And companies such as eSignal are not wasting any time in taking advantage of these advances in technology. Recently, the company launched QuoTrek, with the objective of bringing real-time charts, data, and news directly to your handheld device.
FEATURES
I was fortunate to be able to try out this new service on a Samsung Pocket PC, and I was impressed with the clarity of the display and the various features. I did notice a five-second delay in the data, but given the benefits of being able to monitor the markets so easily away from a computer screen, those five seconds didn’t matter too much.
Once you log on to QuoTrek, the first thing you see is the quote screen, which you can customize by adding/deleting symbols or columns, and, of course, changing the color schemes. Anyone who is accustomed to eSignal will notice the similar displays such as the pastel-colored volume bars behind the price charts and indicators. You can keep track of up to\ntwo portfolios with 15 symbols each."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-6-63-quick-scan-quotrek-by-esignal-by-jayanthi-gopalakrishnan-21.gif"",""height"":""263"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-6-63-quick-scan-quotrek-by-esignal-by-jayanthi-gopalakrishnan-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-6-63-quick-scan-quotrek-by-esignal-by-jayanthi-gopalakrishnan-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v226pupabyal,d,"{""minimum-quantity"":""1"",""path"":""ch6j201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:6 (64-66): Put/Call Parity by Alex Mendoza"",""caption-linebreaks"":""V. 22:6 (64-66): Put/Call Parity by Alex Mendoza
Here’s a look at the basic relationships between calls and puts with identical strikes and expiration dates.
According to the most common option pricing models, volatility is equal for calls and puts with the same strike and expiration. This rule originates from the construction of the Black-Scholes model. Quite simply, since a call and its corresponding put expire at the same time, time value in one should be equal to time value in the other. Given that all of the other components of the option prices are known and equal, it follows that a relationship must exist between the value of a call and that of its corresponding put. While the various option pricing models use partial differential equations to obtain these values, there is a simpler way to establish put/call relationships.
ESTABLISHING RELATIONSHIPS
I’ll begin by examining the graphical relationship between puts and calls. Take a look at the option chain in Microsoft (MSFT), focusing on the April 2004 options."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-6-64-66-put-call-parity-by-alex-mendoza-21.gif"",""height"":""263"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-6-64-66-put-call-parity-by-alex-mendoza-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-6-64-66-put-call-parity-by-alex-mendoza-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v227inhemeof,d,"{""minimum-quantity"":""1"",""path"":""ch6j201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:6 (72-77): Interview: Helene Meisler of TheStreet.com by Jayanthi Gopalakrishnan"",""caption-linebreaks"":""V. 22:6 (72-77): Interview: Helene Meisler of TheStreet.com by Jayanthi Gopalakrishnan
If you’ve ever traded the overseas markets, you know how confusing the time difference can be. Now imagine being on the other end of the time difference. Technician Helene Meisler of TheStreet.com, who spent more than a decade covering institutional accounts at various investment banks in New York, including Cowen & Co. and Goldman Sachs, as well as managing equity money for three years at Cargill Inc. in Minneapolis, lives and trades from Shanghai. Yes, as in China. STOCKS & COMMODITIES Editor Jayanthi Gopalakrishnan conducted this interview online with Helene Meisler on April 5, 2004.
Q: How did you first get interested in technical analysis?
A: In 1984 I was working at Cowen & Co. when technician Justin Mamis joined the firm. Mamis had been using technical analysis since the 1950s, and I found that I enjoyed his viewpoint. Eventually, I began working with him, and he became my mentor in this business. He looked at the charts and the indicators,\nbut he also spent a lot of time on market psychology. And not just the sentiment indicators, but also the thought process behind why folks do what they do in the markets and how that translates into the charts and price action. I thought that was an interesting way to look at the markets, so I began to focus on that aspect too.
Q: What were you doing at Cowen & Co.?
A: I started there in 1982 as an institutional sales assistant. The business was very different back then. The big institutions were mostly banks and pension funds; mutual funds were still a much smaller part of the business. Remember that 401(K)s only came\ninto existence in the early 1980s. Most of the calls we made to clients were to give them earnings estimate changes, and I found that quite boring. So the prospect of working with Mamis seemed exciting."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-6-72-77-interview-helene-meisler-of-thestreet-com-by-jayanthi-gopalakrishnan-21.gif"",""height"":""263"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-6-72-77-interview-helene-meisler-of-thestreet-com-by-jayanthi-gopalakrishnan-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-6-72-77-interview-helene-meisler-of-thestreet-com-by-jayanthi-gopalakrishnan-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v227treqbyru,d,"{""minimum-quantity"":""1"",""path"":""ch6j201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:6 (78-79): Trader Equilibrium by Ruth Barrons Roosevelt"",""caption-linebreaks"":""V. 22:6 (78-79): Trader Equilibrium by Ruth Barrons Roosevelt
To handle the volatility in the markets, you must maintain balance within yourself.
Like life itself, trading is about balance. The markets are in constant motion, and in order to handle the volatile forces appropriately, you need to have equilibrium within yourself. This balance will enable you to be on an even keel as you handle any situation. With equilibrium, your emotional inclinations are equalized and stabilized over time.
FEAR AND GREED
As a trader, it is important for you to balance your fear with your greed, and vice versa. Fear and greed are so prevalent in trading that they have become the default clichés used to simplify and represent the entire complex trading experience.
Fear must be balanced. If you have too much fear you can’t trade, at least not with clarity and consistency. On the other hand, if you have too little fear, you become reckless. In a similar way, greed also needs to be balanced. If you have too much greed you’re likely to grossly overtrade. You may ignore warning signals in your indicators and run the risk of blowing out in a random event. But with no degree of greed at all, you may not even bother to trade, or trade in sufficient size to make a difference.
Fear and greed should act as counterbalances. However, most of the time one of them outweighs the other, and this puts a trader off-center. Even so, fear and greed are not opposites. The opposite of fear is overconfidence, which can be even more dangerous than greed because you can easily get sloppy or reckless. The opposite of greed is either contentment or self-denial. If you do not think you deserve profits, you won’t get them, and if you are content, there is no reason to put your capital at risk — and you stagnate."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-6-78-79-trader-equilibrium-by-ruth-barrons-roosevelt-21.gif"",""height"":""263"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-6-78-79-trader-equilibrium-by-ruth-barrons-roosevelt-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-6-78-79-trader-equilibrium-by-ruth-barrons-roosevelt-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v228inrebyda,d,"{""minimum-quantity"":""1"",""path"":""ch6j201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:6 (82-83): Intermarket Review by David Penn"",""caption-linebreaks"":""V. 22:6 (82-83): Intermarket Review by David Penn
GOLDMAN SACHS COMMODITIES INDEX
The Goldman Sachs Commodities Index (GSCI) is a world production–weighted index of commodity prices based on the average quantity of production for the last five years of available data. The index is an appropriate benchmark against which the price performance of commodities can be judged. At the same time, the subgroups of the Goldman Sachs Commodities Index can also be used to measure the price performance of the various commodities that make up the GSCI. The weekly charts of the GSCI subgroups shown here include both the 50- and 200-day simple moving averages.
With that, the Intermarket review briefly covers the following indexes: Precious Metals ($GPX), Energies ($GJX). GSCI subgroup: Agriculture ($GKX), and Livestock ($GVX)."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-6-82-83-intermarket-review-by-david-penn-21.gif"",""height"":""263"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-6-82-83-intermarket-review-by-david-penn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-6-82-83-intermarket-review-by-david-penn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v228wefortrm,d,"{""minimum-quantity"":""1"",""path"":""ch6j201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:6 (86-88): Websites For Traders: MarketVolume.com by David Penn"",""caption-linebreaks"":""V. 22:6 (86-88): Websites For Traders: MarketVolume.com by David Penn
In the secular trinity of technical analysis (“the Price, the Volume, and the Passage of Time”), volume is included\nfor good reason. While there can be no market without price, there can also be no price movement — and thus, no profit — without a pricing mechanism. I’ll never forget seeing legendary Austrian economist F.A. Hayek in a PBS interview from the late 1970s criticizing socialism for having, at root, no way to determine the price of anything. The absence of a pricing mechanism — or, more accurately, the substitution of a bureaucratic official or department for a real pricing mechanism — was one major reason why nations like the Soviet Union continuously suffered from shortages, in spite of their productive capacity. How many apples would you\nsell if the price was supplied not by buyers and sellers of apples, but by some committee half a country away?
Fortunately for capitalists and market participants, we do have a pricing mechanism, and that pricing mechanism is most clearly expressed by volume. What is volume in the context of markets? Volume represents the actual supply and demand that moves prices\nhigher and lower."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-6-86-88-websites-for-traders-marketvolume-com-by-david-penn-20.gif"",""height"":""263"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-6-86-88-websites-for-traders-marketvolume-com-by-david-penn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-6-86-88-websites-for-traders-marketvolume-com-by-david-penn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v228exyoopby2,d,"{""minimum-quantity"":""1"",""path"":""ch6j201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:6 (89): Explore Your Options by Tom Gentile"",""caption-linebreaks"":""V. 22:6 (89): Explore Your Options by Tom Gentile
STRADDLES
How do straddles make money? If the call moves up, doesn’t the put lose just as much?
Straddles are a “delta-neutral” strategy. Since straddles are composed of both an at-the-money put and call, the\ndeltas start at zero; hence the term. (Delta is the rate of change in the value of the option for each $1 move in the underlying stock.) If the stock were to move higher, the calls would appreciate and profit, while the puts would depreciate. This works the same way if the stock moves down, but vice versa. This is where the confusion sets in.
The profit on a straddle occurs in two ways. One is at expiration, and the second is anytime before then. The only way to profit at expiration is for the stock to move above or below the strike price of the straddle plus the entire debit of the trade."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-6-89-explore-your-options-by-tom-gentile-20.gif"",""height"":""263"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-6-89-explore-your-options-by-tom-gentile-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-6-89-explore-your-options-by-tom-gentile-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v229chmabyda,d,"{""minimum-quantity"":""1"",""path"":""ch6j201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:6 (90-91): Charting The Market by David Penn"",""caption-linebreaks"":""V. 22:6 (90-91): Charting The Market by David Penn
SUPPORT AND RESISTANCE
Among the first things anyone who studies technical analysis learns is the role that support and resistance play in market price action. Why does a collapse in the price of cattle futures abruptly end and suspend in place, as if tethered by an invisible string? Why does a breakout in a stock occasionally stop dead in its tracks as if it hit a brick wall and refuse to move higher? Often, the answers to these questions are support and resistance, respectively.
And while there are some technical analysts (to say nothing of most fundamental analysts) who think both support and resistance are overrated characteristics of price action (“How many times,” they ask support and resistance believers, “has a stock plunged through an alleged support level as if it were not even there? How many times has a stock smashed through an alleged resistance level as if that level had the consistency of wet tissue?”), enough traders and investors see prices skid to a halt when encountering a trendline, moving average, Fibonacci retracement level, pivot point, or some other market phenomenon to keep the concepts of support and resistance at the forefront of any\ntechnical discussion of price movement in the marketplace."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-6-90-91-charting-the-market-by-david-penn-20.gif"",""height"":""263"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-6-90-91-charting-the-market-by-david-penn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-6-90-91-charting-the-market-by-david-penn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v229prretili,d,"{""minimum-quantity"":""1"",""path"":""ch6j201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:6 (92-94): Product Review: TIGER & Live In London by S&C Staff"",""caption-linebreaks"":""V. 22:6 (92-94): Product Review: TIGER & Live In London by S&C Staff
Technician Martin Pring wrote in the April 2004 STOCKS & COMMODITIES about a pattern recognition\ncapability available through his website. This article will\nreview that pattern recognition service, which is called TIGER, as well as the Live In London series of tapes that Pring offers on his website. The pattern recognition\nand the tape series complement one another, and while each is an excellent standalone product, it would\nbe beneficial to get both — especially if you are relatively new to trading. Let’s start with the videotape package, since it provides some background for trading\nthe pattern recognition software.
LIVE IN LONDON
The Live In London series of five VHS tapes consists of recordings of live presentations by Pring. The tapes are accompanied by workbooks. The presentation material is both interesting and informative, and the camera work is excellent. Pring speaks very clearly and uses plenty of examples when making his assertions. The major portion of the presentation is about price and momentum patterns, both long term and short term (the same patterns you will be considering if you subscribe to the TIGER pattern recognition service). In his introductory statement, Pring says that as technical analysts, we try to understand the psychology of the market, and to work with probabilities. This is spot-on."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-6-92-94-product-review-tiger-live-in-london-by-s-c-staff-20.gif"",""height"":""263"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-6-92-94-product-review-tiger-live-in-london-by-s-c-staff-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-6-92-94-product-review-tiger-live-in-london-by-s-c-staff-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v229trtibyte3,d,"{""minimum-quantity"":""1"",""path"":""ch6j201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:6 (96-105): Traders’ Tips by Technical Analysis, Inc."",""caption-linebreaks"":""V. 22:6 (96-105): Traders’ Tips by Technical Analysis, Inc.
Here is this month’s selection of Traders’ Tips, contributed by various developers of technical analysis software, all to help readers more easily implement some of the strategies presented in this issue.
This month's tips are for Markos Katanos' article \""Using Money Flow To Stay with The Trend.\"" In it, he describes a method of assessing trend strength with a modified on-balance volume calculation. Code for his volume flow indicator are provided for: Tradestation, AmiBroker, eSignal, Wealth-Lab, TradingSolutions, Neuroshell Trader, TickQuest, Prophet.Net, Investor/RT, Financial Data Calculator, and Trade Navigator."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-6-96-105-traders-tips-by-technical-analysis-inc-20.gif"",""height"":""263"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-6-96-105-traders-tips-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-6-96-105-traders-tips-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v221letoscby2,d,"{""minimum-quantity"":""1"",""path"":""ch7j201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:7 (10-13): Letters To S&C by Technical Analysis, Inc."",""caption-linebreaks"":""Letters To S&C by Technical Analysis, Inc.
REVERSAL DATES
Editor,
I’m a regular reader of your\nmagazine and very much\nlook forward to it each\nmonth. I rarely read the\nLetters to S&C column, and I don’t\nthink I’ve ever written a letter to any\neditor, except for this one to you now.
In the May 2004 S&C, I happened to\nread a letter to the editor wherein a\nreader wrote disparagingly about the\narticle “Reversal Date Indicator: Predict,\nIdentify, And Trade Future Market\nSwings” by John Crane (S&C, February\n2004). I couldn’t believe what I was\nreading, as the writer was trashing the\narticle as basically worthless and just a\n“come on” or sales pitch for Crane’s\nmore detailed book, Advanced Swing\nTrading.
...Continuded in Letters"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-7-10-13-letters-to-s-c-by-technical-analysis-inc-21.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-7-10-13-letters-to-s-c-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-7-10-13-letters-to-s-c-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v22112chmaby,d,"{""minimum-quantity"":""1"",""path"":""ch7j201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:7 (110-111, 127): Charting The Market by David Penn"",""caption-linebreaks"":""Charting The Market by David Penn
THE HAMMER AND THE HANGING MAN\nA bunch of us in the office were staring\nat a price chart on my monitor the other\nday. I mentioned that a particular technical\npattern had looked promising, but in\nthe end, it “didn’t work.” Somebody in\nthe group laughed. “I love that about you\ntechnical guys,” he said. “When it doesn’t\nhappen, you just say, ‘Well, it didn’t\nwork.’”
Fair enough. As long as I continue to\nlook at price charts through the lens of\ntechnical analysis, I’ll probably continue\nto find promising technical patterns. And\nI’m convinced that, on more than a few\noccasions, those promising technical patterns\nwill continue to “not work” from\ntime to time. Technicians have a habit of\nreminding themselves and others that\ntechnical analysis is about probabilities,\nabout trying to always be the “smart\nmoney” by taking reasonable, controlled\nrisks. It’s a good habit to have."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-7-110-111-127-charting-the-market-by-david-penn-21.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-7-110-111-127-charting-the-market-by-david-penn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-7-110-111-127-charting-the-market-by-david-penn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v221inrebyda,d,"{""minimum-quantity"":""1"",""path"":""ch7j201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:7 (112-113): Intermarket Review by David Penn"",""caption-linebreaks"":""Intermarket Review by David Penn
EURO
Originally poised to be both rival and\ncomplement to the US dollar in the\nworld of foreign exchange, the euro’s\nmiserable start in 1999 has become a\nstunning bull market by 2004. The euro\nis the currency of the 12 nations that\nmake up the European Union (Belgium,\nGermany, Greece, Spain, France,\nIreland, Italy, Luxembourg, the Netherlands,\nAustria, Portugal, and Finland).
AUSTRALIAN DOLLAR
Heavily influenced by the role that\ncommodity production and export play\nin the Australian economy, the Australian\ndollar (or “aussie,” as forex\ntraders refer to it) is among the world’s\nforemost “commodity” currencies —\nalong with the South African rand and\nthe New Zealand dollar.
BRITISH POUND
When it comes to currencies competing\nagainst the US dollar, the British pound\nis third in line behind the euro and the\nyen. It is in some part the centrality of the\nLondon foreign exchange market that\nassists in keeping the British pound as\nwidely traded as it is. Even so, most\ntrading in pounds is EUR/GBP and GBP/\nUSD — that is, between pounds and\neuros, and pounds and US dollars.
YEN
The third most widely traded currency in\nthe world — after the US dollar and the\neuro — the yen is, like the greenback and\neuro, considered a “finance currency” more\naffected by the fortunes of the Japanese\nequities, bond/interest rate, and real estate\nmarkets than by commodity production\n(as is the case with some other currencies)."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-7-112-113-intermarket-review-by-david-penn-21.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-7-112-113-intermarket-review-by-david-penn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-7-112-113-intermarket-review-by-david-penn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v221trrepuby,d,"{""minimum-quantity"":""1"",""path"":""ch7j201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:7 (114-121): Traders’ Resource: Publications by Technical Analysis, Inc."",""caption-linebreaks"":""Traders’ Resource: Publications by Technical Analysis, Inc.
Where can traders turn for market\ninsight, trade recommendations, and\neducation about trading and investing?\nPerhaps the question should be where\ncan’t you? These days, financial\ninformation is put out in print, on TV, on\nyour handheld, over the Internet in\nvarious formats, but there’s still nothing\nmore readable, reliable, or researchable than a regularly published newsletter or magazine.
In Traders’ Resource this month, Technical Analysis of\nSTOCKS & COMMODITIES presents a short listing of\npublications in a variety of methods and on a variety of\nsubjects — all printed on paper, on the World Wide Web, or\ndelivered straight to your email inbox — that may help you\nimprove your trading. As you can see, some publications\nlisted here have been around for quite a while (in fact, this\nmagazine itself has been published since 1982), and they can\nbe well worth the asking price for the information they\ndeliver."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-7-114-121-traders-resource-publications-by-technical-analysis-inc-21.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-7-114-121-traders-resource-publications-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-7-114-121-traders-resource-publications-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
noname1,d,"{""minimum-quantity"":""1"",""path"":""ch7j201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:7 (130): Books For Traders by Technical Analysis, Inc."",""caption-linebreaks"":""Books For Traders by Technical Analysis, Inc.
• Trend Following: How Great Traders Make Millions In\nUp Or Down Markets
• A Complete Guide To Technical\nTrading Tactics
• Investments: 6th Edition
• Hedge Fund Of Funds Investing: An\nInvestor’s Guide
• Fund Your Future: Winning\nStrategies For Managing\nYour Mutual Funds\nAnd 401(K)"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-7-130-books-for-traders-by-technical-analysis-inc-21.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-7-130-books-for-traders-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-7-130-books-for-traders-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v221ovtrbyan,d,"{""minimum-quantity"":""1"",""path"":""ch7j201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:7 (14-23): Overnight Trading by Anthony Trongone, Ph.D."",""caption-linebreaks"":""Overnight Trading by Anthony Trongone, Ph.D.
Trading that occurs after the regular trading\nsession can dictate future action. Here’s how you\ntake advantage of this information.
Many readers wrote to me about\nmy article in the January 2004\nSTOCKS & COMMODITIES. Since\nmy findings were unsupportive\nof the earlier writings of some other “authorities,” they were curious as to why\nsuch a phenomenon was unfolding. In this article,\nI’ll begin by discussing possible causes\nresponsible for or contributing to recent unorthodox\npricing patterns that appear to contradict\ntraditional expectations of technical analysis. I\nwill then uncover some recent price anomalies\nthat traders can use to their advantage.
It is not easy to take an antagonistic position\nagainst such a venerable lineup of technicians —\nespecially one that throws cold water, at least temporarily,\non the long-held theory that rising prices with\nrising volume (RPRV) is bullish and rising prices with\nfalling (RPFV) volume is bearish. However, this\ntraditional wisdom came long before the advent of\nthe computer, direct-access trading, or widespread\nexposure to international trading."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-7-14-23-overnight-trading-by-anthony-trongone-ph-d-21.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-7-14-23-overnight-trading-by-anthony-trongone-ph-d-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-7-14-23-overnight-trading-by-anthony-trongone-ph-d-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v222cryoownt,d,"{""minimum-quantity"":""1"",""path"":""ch7j201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:7 (24-35): Creating Your Own Trading System by Rene Koch, Ph.D."",""caption-linebreaks"":""Creating Your Own Trading System by Rene Koch, Ph.D.
It can be done — and without the headache you\nwould expect.
IN technical analysis, when you\nhear the word band it consists\nof two boundaries: one\nabove and one below the\nprice series similar to what\nyou see in Figure 1. In that, the daily price chart for Nextel (NXTL), the\nthick red line is the lower boundary of a\n“constant” band. Whenever prices go below\nthe red line, a buy signal (blue circle) is\ngenerated. One or two bars later, the position\nis closed (red circle). The green background\nidentifies the profitable trades.
Usually, prices move within a certain range. If something unexpected happens, prices rise above or\nfall below their usual range due to panic (or enthusiasm).\nAfter some time has elapsed, the event is forgotten and prices\nreturn to their usual level. You’ll find this phenomenon based\non mass psychology to be applicable in any market that is\ninfluenced by human participants."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-7-24-35-creating-your-own-trading-system-by-rene-koch-ph-d-21.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-7-24-35-creating-your-own-trading-system-by-rene-koch-ph-d-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-7-24-35-creating-your-own-trading-system-by-rene-koch-ph-d-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v222siseyoow,d,"{""minimum-quantity"":""1"",""path"":""ch7j201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:7 (26): Sidebar: Select your own comfort zone by Rene Koch, Ph.D."",""caption-linebreaks"":""Sidebar: Select your own comfort zone by Rene Koch, Ph.D.
SELECT YOUR COMFORT ZONE"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-7-26-sidebar-select-your-own-comfort-zone-by-rene-koch-ph-d-21.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-7-26-sidebar-select-your-own-comfort-zone-by-rene-koch-ph-d-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-7-26-sidebar-select-your-own-comfort-zone-by-rene-koch-ph-d-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v224whwimaop,d,"{""minimum-quantity"":""1"",""path"":""ch7j201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:7 (42-46): Where Will The Markets Open? by Ihor Vysotskyy"",""caption-linebreaks"":""Where Will The Markets Open? by Ihor Vysotskyy
Here’s how you can use fair value to determine where the\nmarket will open.
Turn on CNBC before the market opens and you\nwill see the S&P futures quotes. How important\nare they? If you are an experienced trader,\nyou know that the Standard & Poor’s 500\nfutures contract, which is based on the S&P\n500 index, is a valuable forecasting tool. But what exactly is the connection between the S&P 500 index\nand futures on this index, and how can this connection help\ndefine where the market will open?
FUTURES VS. CASH
The S&P 500 is a capitalization-weighted index with an\naggregate market value of 500 companies that represent\nmajor industries. The S&P 500 futures contract is a commodity\ncontract based on the S&P 500 cash index. It represents the\n“obligation to deliver” the value of the index on a certain\nfuture date (the expiration date)."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-7-42-46-where-will-the-markets-open-by-ihor-vysotskyy-21.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-7-42-46-where-will-the-markets-open-by-ihor-vysotskyy-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-7-42-46-where-will-the-markets-open-by-ihor-vysotskyy-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v225voflinpe,d,"{""minimum-quantity"":""1"",""path"":""ch7j201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:7 (50-60): Volume Flow Indicator Performance by Markos Katsanos"",""caption-linebreaks"":""Volume Flow Indicator Performance by Markos Katsanos
Find out how well the volume flow indicator performs in this, the\nsecond of a two-part series on the VFI.
Last month, I introduced a long-term money\nflow indicator I call the volume flow indicator\n(VFI). The VFI is based on the on-balance\nvolume† (OBV), but with three important\nmodifications:
• Positive readings indicate a bullish state and negative\nreadings a bearish state.
• The calculation is based on the day’s median instead\nof the closing price.
• A threshold was introduced to take into account\nminimal price changes and another threshold to\neliminate excessive volume.
To assess the efficacy of the new indicator and whether the\nmodifications added any value, I tested VFI against OBV, the\nbuy and hold method, and a price-based indicator. In order to\nevaluate the new indicator’s properties, I conducted tests\nusing divergence, direction, and indicator level signals separately.\nThe same tests were repeated substituting VFI with\nOBV and a price-based indicator."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-7-50-60-volume-flow-indicator-performance-by-markos-katsanos-21.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-7-50-60-volume-flow-indicator-performance-by-markos-katsanos-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-7-50-60-volume-flow-indicator-performance-by-markos-katsanos-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v225sidilrsi,d,"{""minimum-quantity"":""1"",""path"":""ch7j201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:7 (58-59): Sidebar: Divergence LRS indicator in MetaStock by Markos Katsanos"",""caption-linebreaks"":""Sidebar: Divergence LRS indicator in MetaStock by Markos Katsanos
DIVERGENCE LRS INDICATOR IN METASTOCK\nThis indicator is plotted in the article’s Figure 3 for FMXI."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-7-58-59-sidebar-divergence-lrs-indicator-in-metastock-by-markos-katsanos-21.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-7-58-59-sidebar-divergence-lrs-indicator-in-metastock-by-markos-katsanos-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-7-58-59-sidebar-divergence-lrs-indicator-in-metastock-by-markos-katsanos-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v226exyoopby,d,"{""minimum-quantity"":""1"",""path"":""ch7j201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:7 (62): Explore Your Options by Tom Gentile"",""caption-linebreaks"":""Explore Your Options by Tom Gentile
BUYING VS. SELLING
What’s the difference between buying\nan option and selling one?\nBuyers of options have rights, and\nsellers have obligations. The buyer of a\ncall has the right to buy the underlying\nsecurity at an agreed-upon price (the\nstrike price). The seller of the very same\ncall has the obligation to the buyer to\ndeliver shares of the underlying security\nif the buyer decides to exercise his rights.\nThe same is true of puts, but in reverse.\nThe buyer of a put has the right to\nsell a stock at an agreed price (called the\nstrike price). The seller of that put has\nthe obligation to purchase the shares, or\nhave them “put” to him, in the event that\nthe purchaser exercises his or her rights."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-7-62-explore-your-options-by-tom-gentile-20.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-7-62-explore-your-options-by-tom-gentile-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-7-62-explore-your-options-by-tom-gentile-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v22672prvssp,d,"{""minimum-quantity"":""1"",""path"":""ch7j201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:7 (68-69, 72): Price Vs. Speed by Don Bright"",""caption-linebreaks"":""Price Vs. Speed by Don Bright
Here’s a look at the order handling of the New York Stock\nExchange versus over-the-counter equities.
Over the last few months, I’ve been following\nthe discussion, and even controversy, surrounding\nthe best way to handle equities\norders. In recent years we have seen the\nevolution of customer-initiated order flow. The Internet has opened up the world of trading to Main Street, and the increase in activity has\nspawned additional scrutiny into the way orders are handled.
THE SPECIALIST AND THE OTC
From a trader’s perspective, I would like to discuss one of the\ntwo basic order-handling systems under review these days: the specialist system, which primarily means the New York Stock\nExchange (NYSE) and the American Stock Exchange (AMEX).\nThese exchanges differ in their way of order handling, but the\nbasic premise is the same. Since I am more familiar with the\nNYSE, I will use that exchange for my analysis.
The other system is, of course, the OTC (over the counter)\nelectronic marketplace, as represented by the Nasdaq market\nsystem. Both systems are mostly electronic, so it is a\nmischaracterization to describe the debate simply as “specialist\nvs. electronic.” Market makers handle nonelectronic\norders, as do specialists. However, most trades are submitted\nvia direct order turnaround (DOT) or an electronic communications\nnetwork (ECN)."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-7-68-69-72-price-vs-speed-by-don-bright-20.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-7-68-69-72-price-vs-speed-by-don-bright-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-7-68-69-72-price-vs-speed-by-don-bright-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v227qabydonb1,d,"{""minimum-quantity"":""1"",""path"":""ch7j201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:7 (73): Q&A by Don Bright"",""caption-linebreaks"":""Q&A by Don Bright
PENNY ENVELOPE
When enveloping intraday using the\nNew York open book, would it make\nsense to place a bid (say, 200 shares) a\npenny above a really big bidder (20,000-\nplus shares) and offer a penny or so\nbelow a really big offer, in hopes of\ngetting price improvement when (and\nif) the specialist cleans up those big\nblocks? Aren’t the bigger blocks likely\nto be completed as negotiated trades\n(and therefore offer the opportunity for\nprice improvement)? Is this a good way\nto place envelopes? Thanks — Guy\nTruicko"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-7-73-q-a-by-don-bright-20.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-7-73-q-a-by-don-bright-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-7-73-q-a-by-don-bright-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v227indawito,d,"{""minimum-quantity"":""1"",""path"":""ch7j201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:7 (74-80): Interview: Daytrading With Toni Turner by Jayanthi Gopalakrishnan"",""caption-linebreaks"":""Interview: Daytrading With Toni Turner by Jayanthi Gopalakrishnan
Toni Turner is the best-selling author of A Beginner’s Guide To\nDay Trading Online and A Beginner’s Guide To Short-Term\nTrading. An investor/trader with 14 years’ experience, she is a\npopular educator and speaker at financial conferences across\nthe country.
Turner has appeared on NBC, MSNBC, CNN, CNNfn, and\nCNBC’s “Power Lunch.” She has also been interviewed on\ndozens of radio programs and featured in CBS MarketWatch.com,\nFortune magazine, and Bloomberg Personal Finance. Currently,\nshe is writing her third book, to be published by St.\nMartin’s Press in the spring of 2005. STOCKS & COMMODITIES\nEditor Jayanthi Gopalakrishnan spoke with Toni Turner on May\n4, 2004.
How did you get into trading?
I started out as an investor\nback in early 1991 — I wasn’t\ntrading back then. I really got intrigued once I found the stock market.\nI jumped into the market, I was so excited.\nI knew this was where I wanted to\nbe. I wanted to find out more!\nThen by about 1996, I had a commodities\naccount, and I was invited to\nvisit the floor of the Chicago Board of\nTrading (CBOT). When I saw all the\ntraders, I was absolutely intoxicated! I\nturned around and said, “This is what I\nwant to do!”
What was the next step?
I started watching a little stock called\nLucent. I noticed that it was going up\nthree or four points a day. I called my\nbroker and said: “Here’s a cool idea.\nLet’s buy a couple of thousand shares of\nLucent in the morning, and sell it before\nthe market closes. We’ll have that\nmoney, and the risk will be less, because\nI won’t be holding it overnight.”"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-7-74-80-interview-daytrading-with-toni-turner-by-jayanthi-gopalakrishnan-20.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-7-74-80-interview-daytrading-with-toni-turner-by-jayanthi-gopalakrishnan-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-7-74-80-interview-daytrading-with-toni-turner-by-jayanthi-gopalakrishnan-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v228elwarian,d,"{""minimum-quantity"":""1"",""path"":""ch7j201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:7 (82-84): Elliott Wave Risk And Reward by Tony Beckwith"",""caption-linebreaks"":""Elliott Wave Risk And Reward by Tony Beckwith
Establish your exit stop strategy before\nplacing your next trade.
Traders have no business\ntrading if risk/reward\nanalysis is not at the top of\ntheir concerns. If a trader\nhas no idea of the potential\nprofit return on any given trade relative to the initial risk of taking the\ntrade at all, his long-term profitability is in\nquestion.
Elliott wave (EW) analysis has come in\nfor its fair share of criticism over the\nyears, due at least in part to the inevitable\novercomplication by analysts and the fallibility\nof some of their forecasting. However,\nby steering clear of these two pitfalls,\nsome of the basic premises of EW\nanalysis can be stripped out and used in a\nhighly consistent risk/reward trade plan.
JUST REWARDS
To evaluate the reward part of the equation,\nElliott wave analysis can help by\npointing to where the reward is likely to\nbe strong. Accepting the premise of market\nmovement in EW means accepting the\nfive-wave sequence that has become trading\nlegend.
Elliott wave theory states that a market\ntends to unfold with three impulsive (trend)\nwaves and two correction waves linking\nthem. It works this way: wave 1 up, wave\n2 correcting down, wave 3 back up to new\nhighs, wave 4 correcting down, then wave\n5 back up to new highs to complete the\nsequence (and vice versa).
"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-7-82-84-elliott-wave-risk-and-reward-by-tony-beckwith-20.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-7-82-84-elliott-wave-risk-and-reward-by-tony-beckwith-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-7-82-84-elliott-wave-risk-and-reward-by-tony-beckwith-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v228wefortrd,d,"{""minimum-quantity"":""1"",""path"":""ch7j201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:7 (85-86): Websites For Traders: DayTradingCoach.com by David Penn"",""caption-linebreaks"":""Websites For Traders: DayTradingCoach.com by David Penn
DAYTRADINGCOACH.COM
Which recommendation haunts fledgling\ntraders the most? Is it the notion of\nhaving to raise tens of thousands of\ndollars in starting capital? Is it the\nthought of having to spend hundreds of\ndollars on complicated computer hardware\nand software in order to be competitive\nwith other dedicated, high-tech\ntraders? Maybe it’s the invocation to\nfind a singular method and stick with it.\n… Maybe it’s learning to take small\nlosses early — even if it means not\nmaking a dime for months. …
I suspect the answer is different for\nevery beginning trader. But the one recommendation\nthat has always stymied\npeople like me is the one that veteran\ntraders have insisted on for years: “Find\nyourself a mentor.” I can’t tell you how\nmany interviews and articles about “Market\nWizards” describe how a trader’s\nfather/cousin/uncle/brother/neighbor just\nhappened to be a 20-year veteran of the\npits, and how key that relationship was to\nturning yesterday’s “wet-behind-theears”\ntrader into today’s Market Wizard."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-7-85-86-websites-for-traders-daytradingcoach-com-by-david-penn-20.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-7-85-86-websites-for-traders-daytradingcoach-com-by-david-penn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-7-85-86-websites-for-traders-daytradingcoach-com-by-david-penn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v228prrestby,d,"{""minimum-quantity"":""1"",""path"":""ch7j201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:7 (87-89): Product Review: StrataSearch by Dennis D. Peterson"",""caption-linebreaks"":""Product Review: StrataSearch by Dennis D. Peterson
If you are tired of trying combinations of indicators and want software to do it automatically for you, StrataSearch is a product you will like. Not only does it\ncalculate indicator values for single issues, it also recognizes that markets and sectors play a role, and calculates indicator values for those groups of issues.\nIn addition, StrataSearch creates market breadth values for sectors and markets, including the number of advancing and declining issues, up and down volume,\nand the number of 52-week new highs and lows.
OVERVIEW
StrataSearch’s objective is to generate trading statistics for strategies it creates for you. It creates these strategies by choosing Boolean conditions from lists. For example, one of these conditions might be\nwhether the relative strength index (RSI) is greater than a threshold value."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-7-87-89-product-review-stratasearch-by-dennis-d-peterson-20.gif"",""height"":""261"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-7-87-89-product-review-stratasearch-by-dennis-d-peterson-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-7-87-89-product-review-stratasearch-by-dennis-d-peterson-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v229wefortrp,d,"{""minimum-quantity"":""1"",""path"":""ch7j201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:7 (90): Websites For Traders: Portals.WallStreetTape.com by Jayanthi Gopalakrishnan"",""caption-linebreaks"":""Stocks & Commodities V. 22:7 (90): Websites For Traders: Portals.WallStreetTape.com by Jayanthi Gopalakrishnan
Portals.WallStreetTape.com — as you may have guessed — is a portal, but something that financial market junkies will benefit from. It is not a site that\nprovides buy/sell signals, nor is it one that particularly focuses on technical analysis. As with many other portals, you can customize the financial content, creating as many as five custom pages. Registration is free and the site is easy to navigate. All you have to do is supply some information about yourself, submit a username and password, and you’re ready to go."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-7-90-websites-for-traders-portals-wallstreettape-com-by-jayanthi-gopalakrishnan-20.gif"",""height"":""261"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-7-90-websites-for-traders-portals-wallstreettape-com-by-jayanthi-gopalakrishnan-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-7-90-websites-for-traders-portals-wallstreettape-com-by-jayanthi-gopalakrishnan-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v229prrephby,d,"{""minimum-quantity"":""1"",""path"":""ch7j201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:7 (92-95): Product Review: PhotonTrader by David Penn"",""caption-linebreaks"":""Product Review: PhotonTrader by David Penn
If a picture tells a thousand\nwords, then perhaps this\nreview of PhotonTrader, a\nfutures order-entry platform\ndeveloped by FuturePath Trading, should have been\ncomposed as a PowerPoint presentation\ninstead of a Word document.
Why so? Because the best way to\nunderstand what PhotonTrader does and\nhow well it does it (short of the sort of\nhand-guided tour I got from\nPhotonTrader’s excellent technical support\nstaff — more about that later) is to\nlearn how all of its parts, or modules,\nwork independently and how each contributes\nto the whole. PhotonTrader is a\nconstellation of easy-to-understand,\ncan’t-fail-if-you-try modules that provide\na variety of ways for active futures\ntraders to put orders in the market, monitor\nand modify positions, and watch and\nrespond directly to the market. It also\nprovides an “e-paper trail” in the form\nof an executed orders window, audit\ntrail, and position report.
I stumbled across PhotonTrader while\nreading about the preferred tools of a\ntechnical analyst (and Market Wizard)\nwhose work as a trader and trading\neducator has impressed me for some\ntime. Without putting that analyst on\nthe spot with an endorsement he (or\nshe) might not elect to make, I recall\nthat this technical analyst’s website\nnotes not only a “particular fond[ness]”\nfor PhotonTrader, but also the observation\nthat “Photon has a number of\nhighly useful features for the active emini\ntrader.”"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-7-92-95-product-review-photontrader-by-david-penn-21.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-7-92-95-product-review-photontrader-by-david-penn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-7-92-95-product-review-photontrader-by-david-penn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v229trtibyte4,d,"{""minimum-quantity"":""1"",""path"":""ch7j201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:7 (96-108): Traders’ Tips by Technical Analysis, Inc."",""caption-linebreaks"":""Traders’ Tips by Technical Analysis, Inc.
• TRADESTATION: VFI PERFORMANCE
Markos Katsanos’ article in this issue, “Volume Flow Indicator\nPerformance,” provides four strategies for trading the\nvolume flow indicator (VFI). All four strategies are provided\nhere in TradeStation EasyLanguage. In addition, Katsanos\nintroduced a new indicator, the VFI-price divergence, which\nis also coded here.
Most of the calculations are performed in the function\n“VFISmoothed,” which was given in the TradeStation tip in\nthe May 2004 Traders’ Tips column.
When using these strategies, please remember to format\nyour strategy property for the maximum number of bars the\nstudy may reference. These strategies need to review a fairly\nlarge number of bars, so I used 250 bars."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-7-96-108-traders-tips-by-technical-analysis-inc-21.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-7-96-108-traders-tips-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-7-96-108-traders-tips-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v221letoedby1,d,"{""minimum-quantity"":""1"",""path"":""ch8a201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:8 (10-18): Letters To The Editor by Technical Analysis, Inc."",""caption-linebreaks"":""Letters To The Editor by Technical Analysis, Inc.
ZIGZAG INDICATOR VS. FILTERED WAVES
Editor,
As one who has more gray\nin his beard than he’d like,\nI wanted to point out that\nthe “zigzag indicator” or\n“zigzag filter” referred to\nin Norman J. Brown’s June 2004 article\nis misnamed. I believe the mistake\nstarted when Equis included this indicator\nin the first version of its MetaStock\ncharting software. CompuTrac did not\ninclude the indicator in its package (I\ntold you there was too much gray in my\nbeard).
At any rate, the concept was introduced\nbefore IBM had even introduced\nthe first PC. It was originally introduced\nby Arthur Merrill in his book, Filtered\nWaves: Basic Theory. That’s the proper\nname for the indicator — Merrill’s filtered\nwaves, not “zigzag.” That book is\nfilled with an amazing amount of precomputer\ncalculations and insights.\nMerrill didn’t start in technical analysis\nuntil he retired from GE, after what\nmost would have considered a full career.\nThe Market Technicians Association\nhonored him with their annual award\nyears ago for what he did in his second\ncareer as a technical analyst. He is still\nalive and well (in his 90s, I believe).
Just as we no longer call the Arms\nindex by the old Quotron symbol for it\n(TRIN), we should use the term Merrill’s\nfiltered waves, or at least use Merrill’s\nterm, filtered waves, when referring to\nthe indicator. There are few truly new\nideas in the world, much less so in this\nbusiness. When they are introduced, we\nshould give credit where it is due.
JOHN CARDER, CMT\nTopline Investment Graphics\nwww.topline-charts.com\nor www.chartguy.com"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-8-10-18-letters-to-the-editor-by-technical-analysis-inc-21.gif"",""height"":""262"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-8-10-18-letters-to-the-editor-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-8-10-18-letters-to-the-editor-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v221prrefuwo,d,"{""minimum-quantity"":""1"",""path"":""ch8a201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:8 (108-111): Product Review: FutureSource Workstation by David Penn"",""caption-linebreaks"":""Product Review: FutureSource Workstation by David Penn
Is there a more prominent franchise\nin the world of futures\nnews, data, and analysis than\nFutureSource? I cannot\nthink of how many times I’ve pulled a dusty volume from the voluminous\nshelves of the Technical Analysis,\nInc., library in search of wisdom from\nthe commodity traders and analysts of\nyore, only to find that wisdom accompanied\nby a price chart courtesy of\nFutureSource. This, of course, is not to\nsay that the futures industry has not\nbeen blessed with its share of heavy\nhitters over the years — from top-notch\nanalyst and brokerage services and firms\nto publications (including the one you\nare currently reading) to data and chart\nsoftware providers. But few objective\nobservers could deny that if there was\none word that has been synonymous\nwith news, data, and analysis of the\nfutures markets over the past 25-odd\nyears, then that word would be\nFutureSource. In a world of many great\nchallengers and even greater champions,\nFutureSource remains — in many ways — The Franchise."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-8-108-111-product-review-futuresource-workstation-by-david-penn-21.gif"",""height"":""263"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-8-108-111-product-review-futuresource-workstation-by-david-penn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-8-108-111-product-review-futuresource-workstation-by-david-penn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v221bofortrb5,d,"{""minimum-quantity"":""1"",""path"":""ch8a201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:8 (130): Books For Traders by Technical Analysis, Inc."",""caption-linebreaks"":""Books For Traders by Technical Analysis, Inc.
• Beating The Business\nCycle
• Futures For Small\nSpeculators
• How To Get Started In\nActive Trading & Investing
• Optimal Investing: How To Protect And\nGrow Your Wealth With Asset Allocation
• The Motley Fool’s Money After 40:\nBuilding Wealth For A Better Life"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-8-130-books-for-traders-by-technical-analysis-inc-21.gif"",""height"":""263"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-8-130-books-for-traders-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-8-130-books-for-traders-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v222spintoan,d,"{""minimum-quantity"":""1"",""path"":""ch8a201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:8 (22-26): Spotting Index tops And Bottoms by Leigh Stevens"",""caption-linebreaks"":""Spotting Index tops And Bottoms by Leigh Stevens
Use these techniques to buy index options ahead\nof market reversals.
There are two principal ways of trading\nstock indexes with leverage. One is\nusing stock index futures, and the other\nis using stock index options such as the\nStandard & Poor’s 500 (SPX), the S&P 100 (OEX), and the Dow Jones index (DJX) options.\nThe futures markets do not offer as much leverage as\nstock index options (nor do they offer the same\nhedging opportunities), but trading futures does remove\nthe calculation of time premiums involved in\nbuying calls and puts. Because premiums for index\noptions get inflated quickly in a strongly trending\nand/or volatile market, astute market timing tends to\nbe even more critical. You may be right on the trend\nin index options, but still not make any money if\ninflated premiums erode faster than the market moves.
SOME OBSERVATIONS
In index futures like the S&P, I found that I could buy\nand sell (short) breakouts and make money. However,\nI would often lose on trades when I bought call\nor put options like the OEX after a breakout move\noccurred. To make a consistent and optimal profit,\nneeded to anticipate the price and time frame when\nthe market was making a significant top or bottom,\nand buy index options ahead of market reversals. In\nthis way the premiums were reasonable, and I could\nmore comfortably hold a position for some time\nwhen a move was especially strong."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-8-22-26-spotting-index-tops-and-bottoms-by-leigh-stevens-21.gif"",""height"":""262"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-8-22-26-spotting-index-tops-and-bottoms-by-leigh-stevens-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-8-22-26-spotting-index-tops-and-bottoms-by-leigh-stevens-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v222boprbyla,d,"{""minimum-quantity"":""1"",""path"":""ch8a201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:8 (28-32): Boosting Profitability by Lawrence Chan and Louis Lin"",""caption-linebreaks"":""Boosting Profitability by Lawrence Chan and Louis Lin
Here’s how you can use advance issues momentum to create\nan end-of-day trading system with superior profitability.
The stock exchanges broadcast the number of\nadvancing issues each trading day. This\nadvancing issues data has proven useful\nfor analyzing market breadth. In fact, for\nmany traders it is an essential indicator for\neveryday trading because it represents the sentiment of the entire market. For our purposes here, I\nwill refer to the advancing issues data as broad market\nadvancing issues, since it represents the advancing issues\nof all stocks traded.
Although advancing issues data is a useful indicator, it does have one deficiency. Since it includes all the traded\nissues, there may be several not included in the index or\nindustrial group. Thus, advancing issues of the broader\nmarkets may not be focused well as an indicator. In\naddition, broader-market advancing issues are not rangebound;\nthere are no limits to how high or low they can go.\nThis makes the interpretation of advancing issues\nsubjective, which could be a slight disadvantage for\nsystematic traders. The problem is more severe for end-ofday\n(EOD) systems, since the total symbols and composition\nof the broad market change.
In this article, I will present a new type of collection\nmethod for advancing issues. This generates a new class of\nindicator called advance issues momentum (AIM). AIM is\ndesigned to avoid the deficiencies of the broad market\nadvancing issues by combining the n-days momentum from\na fixed-symbol basket."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-8-28-32-boosting-profitability-by-lawrence-chan-and-louis-lin-20.gif"",""height"":""262"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-8-28-32-boosting-profitability-by-lawrence-chan-and-louis-lin-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-8-28-32-boosting-profitability-by-lawrence-chan-and-louis-lin-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v223sinecoan,d,"{""minimum-quantity"":""1"",""path"":""ch8a201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:8 (30-31): Sidebar: Neoticker code and trading system to calculate AIM by L. Chan & L. Lin"",""caption-linebreaks"":""Sidebar: Neoticker code and trading system to calculate AIM by L. Chan & L. Lin
- NEOTICKER CODE TO CALCULATE AIM
- NEOTICKER TRADING SYSTEM\nWITH ADVANCE ISSUES\nMOMENTUM"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-8-30-31-sidebar-neoticker-code-and-trading-system-to-calculate-aim-by-l-chan-l-lin-20.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-8-30-31-sidebar-neoticker-code-and-trading-system-to-calculate-aim-by-l-chan-l-lin-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-8-30-31-sidebar-neoticker-code-and-trading-system-to-calculate-aim-by-l-chan-l-lin-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v223prtupowi,d,"{""minimum-quantity"":""1"",""path"":""ch8a201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:8 (34-39): Predicting Turning Points With Cobweb Theory by Chris Satchwell, Ph.D."",""caption-linebreaks"":""Predicting Turning Points With Cobweb Theory by Chris Satchwell, Ph.D.
Economics plays a role in the markets. Here’s how the\nunderlying premise of point & figure theory is consistent with\nthe tenets of cobweb theory.
The methods used in technical analysis fall\ninto two broad types. The first, which includes\nmost technical indicators, treats price\nas a noise-corrupted signal, and seeks to find\na true signal that can be used to infer price’s\ndirection. The second type encompasses ideas on support, resistance, and trading patterns. These\nconcepts describe the existence of barriers to price movements\nwhere turning points occur, and try to infer price\nmovement from one or more of those turning points.
I am interested in both; I am neutral as to which of them\nmight work best. For example, an article I wrote on regularization,\npublished in the July 2003 STOCKS & COMMODITIES,\nwas on the methods of the first type. S&C Contributing Editor\nJohn Ehlers subsequently showed how a regularization parameter\ncould be chosen to make this accessible method\nperform as effectively as a two-pole Butterworth filter.
This article is about the second approach to technical\nanalysis, and how it ties in with a well-known hypothesis of\neconomics known as cobweb theory. Economists like their\nsupply and demand curves; they have trouble accepting\ntechnical analysis because so many of its signals are based on\nprice alone. However, cobweb theory, which is familiar to\neconomists, provides a basis for predicting the next turning\npoint in a sequence without knowledge of the supply and\ndemand curves, or the quantities of whatever is being bought and sold. I will demonstrate that the underlying premise of\npoint & figure theory is consistent with the tenets of cobweb\ntheory, and thus attempt to make this second approach to\ntechnical analysis more acceptable to at least some of its critics."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-8-34-39-predicting-turning-points-with-cobweb-theory-by-chris-satchwell-ph-d-20.gif"",""height"":""262"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-8-34-39-predicting-turning-points-with-cobweb-theory-by-chris-satchwell-ph-d-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-8-34-39-predicting-turning-points-with-cobweb-theory-by-chris-satchwell-ph-d-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v223siprtupo,d,"{""minimum-quantity"":""1"",""path"":""ch8a201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:8 (38): Sidebar: Predicting turning points with cobweb theory by Chris Satchwell, Ph.D."",""caption-linebreaks"":""Sidebar: Predicting turning points with cobweb theory by Chris Satchwell, Ph.D.
- PREDICTING TURNING POINTS WITH COBWEB THEORY"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-8-38-sidebar-predicting-turning-points-with-cobweb-theory-by-chris-satchwell-ph-d-20.gif"",""height"":""262"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-8-38-sidebar-predicting-turning-points-with-cobweb-theory-by-chris-satchwell-ph-d-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-8-38-sidebar-predicting-turning-points-with-cobweb-theory-by-chris-satchwell-ph-d-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v224newvofub,d,"{""minimum-quantity"":""1"",""path"":""ch8a201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:8 (48-53): The New Volatility Futures by Larry McMillan"",""caption-linebreaks"":""The New Volatility Futures by Larry McMillan
They just might be the stock owner’s delight.
The CBOE has created a new futures exchange\n(the CBOE Futures Exchange, or CFE) to trade\nvolatility products. Its first and only product\nat this time is futures on VIX, the CBOE\nvolatility index, but the CBOE plans to introduce\nmore volatility-related products soon.
Some traders might dismiss these products as simply an\nopportunity for option-crazed investors. But in reality, these\nproducts will find application for a far wider audience than\nspeculators: stock owners can benefit from the ability to\nhedge their portfolios against volatility risk. In many cases,\nthat translates into a hedge against a falling market. For this\nreason, the CBOE expects these products to be quite successful\neventually.
This article will lay out the basics of the futures, discuss\nsome strategies, and show how a conservative volatility\nhedge would have worked over the last 10 years.
MECHANICS OF THE CONTRACT
Introduced in 1993, the VIX was created to measure implied\nvolatility of OEX options. In 2003, the CBOE changed the VIX to be the measure of implied volatility of Standard & Poor’s\n500 Index (SPX) options. The “old” VIX became VXO, and that\nindex still measures the implied volatility of OEX options.
To implement the VIX futures, a new volatility index called\nthe Jumbo CBOE Volatility Index (symbol: VXB) has been\nintroduced. VXB is equal to 10 times VIX. Futures on the\nJumbo VIX are worth $100 per point of movement of VXB, so\none futures contract will make or lose $1,000 when VIX\nmoves by one full point (from 15.00 to 16.00, for example)."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-8-48-53-the-new-volatility-futures-by-larry-mcmillan-20.gif"",""height"":""262"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-8-48-53-the-new-volatility-futures-by-larry-mcmillan-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-8-48-53-the-new-volatility-futures-by-larry-mcmillan-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v225stcapaby,d,"{""minimum-quantity"":""1"",""path"":""ch8a201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:8 (58-62): Strength-Rated Candlestick Patterns by Mitch E. Mulhall"",""caption-linebreaks"":""Strength-Rated Candlestick Patterns by Mitch E. Mulhall
Perfectly formed candlestick patterns are not\ncommon. By ordering the criteria for a candlestick\npattern from most important to least\nimportant, you can rate pattern strength by\nthe number of criteria met.
The criteria for a candlestick\npattern may seem prescriptive,\nbut a given pattern may\nrequire a series of subtle\nqualifications. This is particularly\ntrue of multiplecandlestick\npatterns. By carefully ordering the\nqualities of a pattern, you can determine a\nstrength factor that can add perspective to your\ncandlestick analysis.
Strength-rated candlestick patterns require\ncharting software equipped with a formula\nlanguage that supports “string plots” — strings\nplotted vertically above or below a candlestick\n— and is capable of allocating local variables\nas study parameters.
To illustrate rating pattern strength, I will\noutline several helpful pattern recognition concepts\nused to identify a hammer, which is a\nsimple, single-candlestick pattern. Then I will\nshow you how to create a formula that will add\na strength factor to hammer identification.\nWhile this article focuses on the hammer pattern,\nthe technique can be applied to any candlestick\npattern.
TERMS
If you are not familiar with candlesticks, there\nare two terms you should understand:
• Body: The difference between the high\nand the low
• Real body: The absolute value of the\ndifference between the last and the open."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-8-58-62-strength-rated-candlestick-patterns-by-mitch-e-mulhall-20.gif"",""height"":""262"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-8-58-62-strength-rated-candlestick-patterns-by-mitch-e-mulhall-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-8-58-62-strength-rated-candlestick-patterns-by-mitch-e-mulhall-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v226exyoopby1,d,"{""minimum-quantity"":""1"",""path"":""ch8a201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:8 (63): Explore Your Options by Tom Gentile"",""caption-linebreaks"":""Explore Your Options by Tom Gentile
DIVIDENDS AND OPTIONS PRICES
How does a company’s dividend affect\nthe option price? — Newman
The dividend can be an important\ninfluence on a stock option’s price.\nObviously, if the company pays no dividend,\nit makes no difference. However,\nall else being equal, a dividend will\nlower the value of a call option and\nmake a put option more expensive.\nWhy? Because after the dividend is\npaid, the share price will fall to reflect\nthe dividend payment. Further, the fact\nthat the stock falls after the dividend is\npaid makes calls less valuable and puts\nmore expensive."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-8-63-explore-your-options-by-tom-gentile-20.gif"",""height"":""262"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-8-63-explore-your-options-by-tom-gentile-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-8-63-explore-your-options-by-tom-gentile-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v226fiyomoma,d,"{""minimum-quantity"":""1"",""path"":""ch8a201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:8 (68-72): Fine-Tuning Your Money Management System by Bennett A. McDowell"",""caption-linebreaks"":""Fine-Tuning Your Money Management System by Bennett A. McDowell
Acknowledge the risks in trading the markets by making sure\nyour money management system is sound.
When you hear of someone making a huge killing\nin the market on a relatively small trading\naccount, more likely than not it was a fluke: The\ntrader was not using sound money management\ntechniques. The trader probably exposed\nhis trading account to obscene risk due to an abnormally large trade size. The trader may have just gotten\nlucky and experienced a profit windfall. Trading like this\nmeans it’s just a matter of time before huge losses dwarf the\nwins, and the trader is devastated emotionally and financially.
Money management in trading involves specialized techniques\ncombined with your own judgment. Not adhering to a\nsound money management program can find you exposed to\na deadly risk of ruin, and, worst of all, most probable equity\nbust. Keeping this in mind, you may find a few essential\nmoney management techniques can make a big difference to\nyour bottom line. (See sidebar, “Proven money management\ntechniques.”) Here are some things to remember when it\ncomes to money management.
CALCULATING PROPER TRADE SIZE
If you are trading the exact same number of shares or\ncontracts on every trade, you may not be calculating the\nproper trade size for your own risk tolerance. Trade size can\nvary from trade to trade because your entries, stops, and\naccount size are constantly changing variables.
To help reduce your risk exposure, the first step is for you to\nbelieve you need this sort of program. Usually, this belief comes\nfrom suffering a few large losses that make you want to change.\nThis kind of experience can enable you to see how the wrong trade\nsize and lack of discipline can sabotage your trading results."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-8-68-72-fine-tuning-your-money-management-system-by-bennett-a-mcdowell-20.gif"",""height"":""262"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-8-68-72-fine-tuning-your-money-management-system-by-bennett-a-mcdowell-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-8-68-72-fine-tuning-your-money-management-system-by-bennett-a-mcdowell-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v227ingefoof,d,"{""minimum-quantity"":""1"",""path"":""ch8a201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:8 (78-85): Interview: George Fontanills Of Optionetics by Jayanthi Gopalakrishnan"",""caption-linebreaks"":""Interview: George Fontanills Of Optionetics by Jayanthi Gopalakrishnan
You might assume that graduates of Harvard Business School know\neverything they need to know, but George Fontanills, cofounder of\nOptionetics, is an active trader and Harvard grad who learned quickly\nthat he had a lot more to learn.
Disbanding his real estate business in the 1980s, George Fontanills\nmade a decision: his new business would be trading. After years of study\nand practice, he developed a new method of making money: delta-neutral\noptions trading. He called his technique optionetics, and now Optionetics\nis a leading education and publishing firm dedicated to teaching investors\nhow to trade options effectively. What can George Fontanills tell us about\nsuccessful options trading? STOCKS & COMMODITIES Editor Jayanthi\nGopalakrishnan spoke with Fontanills on June 2, 2004.
Would you start by telling us\nabout how you got interested\nin trading?
When I got started, I had\nno idea what trading really was. After I graduated from Harvard\nBusiness School I basically started my\nown business, in real estate. That was in\nthe 1980s. But if you look at the 1980s,\nyou’ll see that in about 1986–88, interest\nrates just got way too high, and being\nin real estate was not a good idea anymore.\nSomeone in my office traded for\nhimself, and he said: “Hey, I’ve got a\ngreat idea. Instead of doing this real\nestate stuff, why don’t we do some\ntrading?” I didn’t really know what that\nmeant, but he explained it to me, saying,\n“You buy if you think it’s going up, and\nyou sell if you think it’s going down,”\nand I thought I could figure that out.\nObviously, it was a little tougher than I\nthought it would be.
So when you started, were you doing\nshort-term trading?
Yes, primarily short-term trading,\ntrading index options and some commodities.
And you began with options?
With index options, then commodities. I didn’t know what an\noption was, just like a lot of\npeople who start from\nscratch. I didn’t read any\nbooks, but I relied on this\nindividual who worked for\nme to tell me what to do. It\ndidn’t turn out very well after\n30 days, so I decided I\nhad to learn how to do it\nmyself. I think that’s how a\nlot of people learn!"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-8-78-85-interview-george-fontanills-of-optionetics-by-jayanthi-gopalakrishnan-20.gif"",""height"":""262"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-8-78-85-interview-george-fontanills-of-optionetics-by-jayanthi-gopalakrishnan-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-8-78-85-interview-george-fontanills-of-optionetics-by-jayanthi-gopalakrishnan-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v228qabydonb,d,"{""minimum-quantity"":""1"",""path"":""ch8a201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:8 (86): Q&A by Don Bright"",""caption-linebreaks"":""Q&A by Don Bright
TRADING PREPARATION
Do you prepare for the day, or do you\nsimply start trading? I’ve heard you\nmention that you respond to the market,\nbut is that always enough? — JS
That’s a good question, and sometimes\nI wonder if it’s ever “enough”!\nHowever, we do our best to prepare our\ntraders for each trading day. Our traders\nare connected each morning to a live\nchat that originates in New York,\nVancouver BC, North Carolina, and Las\nVegas. Four traders (me included) share\nthe “numbers” for the day (support,\nresistance, pivots, and so on), and conduct\na market commentary. By having\nmore than one trader/commentator, we\nare able to gather insight from various\nperspectives. We respond to questions,\nand offer as much help as possible before\nthe opening bell."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-8-86-q-a-by-don-bright-21.gif"",""height"":""262"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-8-86-q-a-by-don-bright-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-8-86-q-a-by-don-bright-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v228enrewimu1,d,"{""minimum-quantity"":""1"",""path"":""ch8a201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:8 (86-89): Enhanced Returns With Mutual Funds by Norman J. Brown"",""caption-linebreaks"":""Enhanced Returns With Mutual Funds by Norman J. Brown
Is buy and hold the best strategy when\nit comes to mutual funds? Here’s a\nmutual fund switching technique that\nuses multiple-fund ranking to improve\nreturns.
In my earlier articles, I\nshowed it was possible\nto switch a persistent\nfund using a\ntechnique I called\none rank, or OR. The technique resulted in a significant\nimprovement in annual return (Ann)\nand a reduction in maximum drawdown\n(Mdd). The term one rank\nimplies ranking a single mutual fund\ndaily, buying on an up day (return\nof fund positive), and selling any\nday the fund is down (return negative).\nFurther enhancement of Ann is made possible by\nadding a second fund, a beta = -1.0 version of the basic\nfund. This approach is equivalent to selling short during\nthe OR “out of market period” (when normally invested in\na money market). A simple equation closely approximated\nthe resulting ORLS (OR using both a long and short fund\nswitching approach). The formula for the net up days per\nyear for ORLS is:
ORLS (net days up) = N – 4S\n(Equation 1)
where N is 252 market days per year and S is the number of\nbuys and sells per year. This number of net days then leads to\nthe ORLS Ann, given by:
GORLS = [1 + (%Avg Pos Rtn) / 100 ][N-4S]\n(2)"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-8-86-89-enhanced-returns-with-mutual-funds-by-norman-j-brown-21.gif"",""height"":""262"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-8-86-89-enhanced-returns-with-mutual-funds-by-norman-j-brown-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-8-86-89-enhanced-returns-with-mutual-funds-by-norman-j-brown-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v229prretr80,d,"{""minimum-quantity"":""1"",""path"":""ch8a201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:8 (90-92): Product Review: TradeStation 8.0 by Dennis D. Peterson"",""caption-linebreaks"":""Product Review: TradeStation 8.0 by Dennis D. Peterson
TradeStation — a rulebased\ntrading platform for\nequities, options, futures,\nand forex that allows clients\nto design, backtest, and automatically execute custom trading\nstrategies — has launched its newest\nversion. TradeStation 8.0 integrates\ndirect-access manual and automated\noptions trading to all six options exchanges\n(AMEX, BOX, CBOE, ISE, PHLX,\nand PCX) into its already existing stocktrading\ncapabilities; it also adds some\nnew user interfaces. Since TradeStation\nis an “agency-only” brokerage, they\ntake no payment for order flow. Commissions\nfor equities are as low as $\nminimum per trade, with no ticket charges\nand including all ECN fees; $1 per contract\nfor options; or $2.50 per side for\nmini futures."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-8-90-92-product-review-tradestation-8-0-by-dennis-d-peterson-21.gif"",""height"":""262"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-8-90-92-product-review-tradestation-8-0-by-dennis-d-peterson-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-8-90-92-product-review-tradestation-8-0-by-dennis-d-peterson-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v229wefortrf,d,"{""minimum-quantity"":""1"",""path"":""ch8a201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:8 (94-95): Websites For Traders: FuturesKnowledge.com by David Penn"",""caption-linebreaks"":""Websites For Traders: FuturesKnowledge.com by David Penn
FUTURESKNOWLEDGE.COM\nAre you interested in finding a futures\nbroker? How about scoring some solid\nanalysis of the markets? Quotes and\ncharts? Are you curious about forex\ntrading, electronic trading, or systems\ntrading? Got a thing for options (or like\nto know where you could get one)?
If you answered “yes” to any of these\nquestions, then knowledge about futures\nmay be what you are after. And if\nit is futures knowledge that you are\nlooking for, then perhaps Futures\nKnowledge.com should be among your\ndestinations.
FuturesKnowledge.com is a website\ngeared specifically to those who are\ntrading — or are interested in trading —\ncommodity, index, and interest rate futures.\nThe website boasts a host of sponsors,\nsome of whom — like Lind-\nWaldock, Ira Epstein, and FXCM —\nmay already be familiar to futures and\nforeign exchange traders and observers."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-8-94-95-websites-for-traders-futuresknowledge-com-by-david-penn-21.gif"",""height"":""262"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-8-94-95-websites-for-traders-futuresknowledge-com-by-david-penn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-8-94-95-websites-for-traders-futuresknowledge-com-by-david-penn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v229wefortrc,d,"{""minimum-quantity"":""1"",""path"":""ch8a201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:8 (96): Websites For Traders: ChartPattern.com by Jayanthi Gopalakrishnan"",""caption-linebreaks"":""Websites For Traders: ChartPattern.com by Jayanthi Gopalakrishnan
WWW.CHARTPATTERN.COM
Dan Zanger is well known in the trading\ncommunity, and for good reason. Zanger,\nwho uses chart patterns to find highvolatility\nstocks, is often quoted in popular\nfinancial magazines such as Forbes\nand Fortune, hosts his own radio shows,\nand has been interviewed in several trading\nmagazines, including the one you are\nreading (but not this particular issue).\nHe piqued the interest of technicians in\n2000 when he discussed how he turned\n$11,000 into $18 million in a year and a\nhalf, an unofficial world record for trading\nstocks, with the records to prove it.
Not surprisingly, he has made his presence\non the Internet through his website,\nwww.chartpattern.com, which, I might\nadd, offers a rather hip presentation. The\nanimated charts with background music\nand the occasional beeps that sound at\nbuy or sell points, the bright colors and\ninteresting clipart, if nothing else, make\nthis an enjoyable site to use."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-8-96-websites-for-traders-chartpattern-com-by-jayanthi-gopalakrishnan-21.gif"",""height"":""262"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-8-96-websites-for-traders-chartpattern-com-by-jayanthi-gopalakrishnan-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-8-96-websites-for-traders-chartpattern-com-by-jayanthi-gopalakrishnan-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v229trtibyte5,d,"{""minimum-quantity"":""1"",""path"":""ch8a201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:8 (98-107,127): Traders’ Tips by Technical Analysis, Inc."",""caption-linebreaks"":""Traders’ Tips by Technical Analysis, Inc.
• NEOTICKER: ADVANCE ISSUES MOMENTUM (AIM)
Editor’s note: Lawrence Chan and Louis Lin of TickQuest\n(developer of NeoTicker) contributed the article to this issue\non which this month’s Traders’ Tips is based (“Boosting\nPro•tability”), and they have included NeoTicker code in the\narticle. Thus, please see the article starting on page 28 in this\nissue for NeoTicker code for the advance issues momentum\n(AIM) indicator.
—Kenneth Yuen, TickQuest Inc.\nwww.tickquest.com\nTickQuest"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-8-98-107-127-traders-tips-by-technical-analysis-inc-21.gif"",""height"":""263"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-8-98-107-127-traders-tips-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-8-98-107-127-traders-tips-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v221letoscby3,d,"{""minimum-quantity"":""1"",""path"":""ch9s201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:9 (10-13): Letters To S&C by Technical Analysis, Inc."",""caption-linebreaks"":""V. 22:9 (10-13): Letters To S&C by Technical Analysis, Inc.
MAXIMUM ENTROPY METHOD
Editor,
I am a 34-year-old Italian engineer. I am interested in the maximum entropy method as applied to the financial markets. I would implement this method in an Excel spreadsheet. Could you kindly suggest a list of articles I could buy from you in order to do that?
GIUSEPPE BASSETTO, via email
Publisher Jack K. Hutson replies:
Over the years, we have published many articles on maximum entropy spectrum analysis (MESA). In Volume 2 (1984) of Technical Analysis of STOCKS & COMMODITIES, The Traders’ Magazine, Anthony W. Warren and I published a series of articles that included BASIC code to implement the maximum entropy method (MEM) for short-term market forecasting. The code is written in Applesoft BASIC for an Apple II computer, but could be adapted to run under Microsoft Excel using Excel’s Visual Basic for Applications. MESA is too complex to implement directly in a spreadsheet.
We’ve also published many articles by John F. Ehlers on MESA and other engineering techniques. Ehlers has developed a commercial program that he sells under the name MESA (see www.mesasoftware.com). We also interviewed Ehlers earlier this year in the January 2004 S&C; an article description follows. . ."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-9-10-13-letters-to-s-c-by-technical-analysis-inc-21.gif"",""height"":""261"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-9-10-13-letters-to-s-c-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-9-10-13-letters-to-s-c-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v221trrefobr,d,"{""minimum-quantity"":""1"",""path"":""ch9s201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:9 (116-119): Traders’ Resource: Forex Brokerages by Technical Analysis, Inc."",""caption-linebreaks"":""V. 22:9 (116-119): Traders’ Resource: Forex Brokerages by Technical Analysis, Inc.
Foreign exchange traders have more choices than ever in their ongoing search for speed, pricing efficiency, and good accounting when it comes to forex brokerages. First, you must find a forex brokerage that handles your particular currency tradable; full-service brokerages dealing with equities, options, futures, bonds, mutual funds, and cash goods are usually full-priced as well. A little research, however, will get you a forex brokerage targeted on your currency of interest.
After that, your first question might be, “How fast can\nI execute an order?” Look for whether the brokerage offers direct access to the major electronic markets in\nreal time, the speed of order executions, and the fills. In\naddition, you should look at the forex brokerage’s margin requirements and fees.
A forex brokerage’s ability to provide market statistics,\nhedging activity reports, and other such information may be critical to your trading and investing decisions."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-9-116-119-traders-resource-forex-brokerages-by-technical-analysis-inc-21.gif"",""height"":""261"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-9-116-119-traders-resource-forex-brokerages-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-9-116-119-traders-resource-forex-brokerages-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v22111inreby,d,"{""minimum-quantity"":""1"",""path"":""ch9s201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:9 (122, 110): Intermarket Review by David Penn"",""caption-linebreaks"":""V. 22:9 (122, 110): Intermarket Review by David Penn
The Intermarket Review looks at the China Fund (CHN), Thai Fund (TTF), India Fund (IFN), and Malaysia Fund (MF).
The China Fund (CHN) is a closed-end fund under the advisement of Asia Direct Capital Management. Traded on the New York Stock Exchange, the fund is geared toward providing investors with exposure to equities of companies based in or out of China. Founded in July 1992, the fund as of this writing had total net assets in excess of $271.30 million. Holdings in the China Fund\ninclude companies such as Chaoda Modern Agriculture (industrial), Sohu.com (information technology), and TCL International (electronics). By\nindustry sector, the fund is diversified principally\namong industrials, information technology, and\nconsumer discretionary.
Over the course of 2003, the China Fund was\namong the standout, country sector performers. Trading below $15 early in the year, the China Fund was over $45 by the fall. In recent months, however, the China Fund has corrected sharply, dropping below its 20-week exponential moving average (EMA) late in December 2003 and falling below its 50-week exponential moving average in the spring of 2004. Both moving averages are now likely to serve as resistance levels going forward."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-9-122-110-intermarket-review-by-david-penn-21.gif"",""height"":""261"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-9-122-110-intermarket-review-by-david-penn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-9-122-110-intermarket-review-by-david-penn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v221matryofr,d,"{""minimum-quantity"":""1"",""path"":""ch9s201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:9 (14-20): Make The Trend Your Friend In Forex by Kenneth Agostino and Brian Dolan"",""caption-linebreaks"":""V. 22:9 (14-20): Make The Trend Your Friend In Forex by Kenneth Agostino and Brian Dolan
So you didn’t see that last headline-grabbing market\nmove coming? Here are some techniques you can use\nto make sure you’ll be prepared next time.
Of the many market sayings that traders throw around, none may be more overused and less understood than the adage “The trend is your friend.” All too often, the phrase is used after a trader has taken a countertrend position and subsequently been stopped out at a loss. At this point, remorse sets in, and most traders kick themselves not only for having lost on a countertrend trade but also for not having caught the latest move in the trend itself.
To avoid this all-too-common scenario, let us suggest using several technical tools to identify whether a trend is in place, and then additional indicators to help maximize trading profits. Having a strategy in place to identify trends is essential to successful trading in any market, but especially so in the case of the foreign exchange (forex) markets. Currencies have a greater tendency to move in trends due to the longer-term macroeconomic elements that drive exchange rates, such as interest rate cycles or global trade imbalances. Currencies are also predisposed to short-term, intraday trends due to international capital flows reacting to day-to-day economic and political news."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-9-14-20-make-the-trend-your-friend-in-forex-by-kenneth-agostino-and-brian-dolan-21.gif"",""height"":""261"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-9-14-20-make-the-trend-your-friend-in-forex-by-kenneth-agostino-and-brian-dolan-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-9-14-20-make-the-trend-your-friend-in-forex-by-kenneth-agostino-and-brian-dolan-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v222simafoan,d,"{""minimum-quantity"":""1"",""path"":""ch9s201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:9 (22-29): Sidebars: Mathematical formulas, and MetaStock code by Giorgos Siligardos, Ph.D."",""caption-linebreaks"":""V. 22:9 (22-29): Sidebars: Mathematical formulas, and MetaStock code by Giorgos Siligardos, Ph.D.
The first sidebar contains mathematical formulas for the RSI, RSIL, RSIH, RevEngRSI, RevEngRSIL, and RevEngRSIH indicators.
And the second part gives the Metastock code for H, L, RSIL, RSIH, RevEngRSIL, AND RevEngRSIH"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-9-22-29-sidebars-mathematical-formulas-and-metastock-code-by-giorgos-siligardos-ph-d-21.gif"",""height"":""261"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-9-22-29-sidebars-mathematical-formulas-and-metastock-code-by-giorgos-siligardos-ph-d-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-9-22-29-sidebars-mathematical-formulas-and-metastock-code-by-giorgos-siligardos-ph-d-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v222demebygi,d,"{""minimum-quantity"":""1"",""path"":""ch9s201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:9 (22-29): The Decomposition Method by Giorgos Siligardos, Ph.D."",""caption-linebreaks"":""V. 22:9 (22-29): The Decomposition Method by Giorgos Siligardos, Ph.D.
You never know what you might find by studying high, low, and closing prices separately.
In this article, I will introduce the decomposition method of price information, and show how the reverse engineering concept discussed in my previous articles can be expanded to complement this method.
THE IDEA BEHIND DECOMPOSITION
Price data for one day consists of the open, high, low, and close of that particular day. Though these four components are correlated, it can also be useful to study them independently. When the results of most of the isolated analyses agree with the results of the analysis of prices as a whole, you gain more confidence to speculate on a future event. In addition,\nanalyzing high, low, and closing prices independently\nmay be beneficial when you are trying to determine approximately where the next period’s high, low, and closing prices will be and consequently determine low-risk buying or selling areas.
INCORPORATING REVERSE ENGINEERING
In my past articles on reverse engineering RSI (see “Related reading”), I showed how the relative strength index indicator introduced by J. Welles Wilder in his book New Concepts In Technical Trading Systems\ncould be used to identify support or resistance levels\nfor the closing price. The RSI is based on (and controlled only by) one element: the closing price. Wouldn’t it be interesting to create an indicator (L)\nthat will be the low price for a period (daily, weekly,\nand so on) and then create a relative strength indicator\n(RSIL) based on L?"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-9-22-29-the-decomposition-method-by-giorgos-siligardos-ph-d-21.gif"",""height"":""261"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-9-22-29-the-decomposition-method-by-giorgos-siligardos-ph-d-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-9-22-29-the-decomposition-method-by-giorgos-siligardos-ph-d-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v223buystgro,d,"{""minimum-quantity"":""1"",""path"":""ch9s201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:9 (34-37): Buy Strong Groups Or Weak? by Jay Kaeppel"",""caption-linebreaks"":""V. 22:9 (34-37): Buy Strong Groups Or Weak? by Jay Kaeppel
Is it better to buy weak industry groups or strong ones?\nThe best approach might be to utilize both strategies.
Is it better to buy weak stocks or strong ones? The\ntheory behind buying weak stocks is that you have the opportunity to buy low and (some time later) sell high. The theory behind buying strong stocks is one of momentum; the idea is that a stock in motion is most likely to continue in that least for a while. Most research suggests that direction, at least for a while. Most research suggests that when you buy individual stocks, you are better off buying stocks making new highs rather than new lows.
This is also true with industry groups, but not to the same degree. While a given company may go out of business for any number of reasons, it is much more rare for an entire industry group to decline in price and never rebound (although it can happen — the horse and buggy industry has yet to recover from the introduction of the Model T). Thus, it can make sense to buy an industry group that has experienced a recent, sharp decline. The problem with this approach is\nsimply this: How do you know if you are buying low or unwisely trying to catch a plummeting safe?
WEAK INDUSTRY GROUPS
Generally speaking, there is a common pattern for industry group price performance. At some point, the fundamentals for a given industry go south, and eventually so do the stocks in that industry group. This can go on for any period of time, but it usually does not last much longer than about two years. Once the majority of the decline is over, the group may then experience a period of basing action for up to a year (actually, the longer, the better)."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-9-34-37-buy-strong-groups-or-weak-by-jay-kaeppel-21.gif"",""height"":""261"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-9-34-37-buy-strong-groups-or-weak-by-jay-kaeppel-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-9-34-37-buy-strong-groups-or-weak-by-jay-kaeppel-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v224setupyot,d,"{""minimum-quantity"":""1"",""path"":""ch9s201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:9 (46-56): Set Up Your Trades With The Swing Indicator by Teresa Lo"",""caption-linebreaks"":""V. 22:9 (46-56): Set Up Your Trades With The Swing Indicator by Teresa Lo
Knowing when and where classic chart patterns tend to form is as important as identifying the patterns themselves. Here’s how one trader uses a combination of indicators and simple geometry to set up trades.
“The trend is your friend except at the ends, where it bends.” — Ed Seykota
Investors and traders are no doubt familiar with Ed\nSeykota’s oft-quoted saying, as it describes price action\nfound in the capital markets. This idea has inspired traders to focus on finding stocks that are trending in order to enter on retracement patterns; however, not all trends are created equal, as those traders have no doubt discovered.
Sayings aside, there are qualitative and quantitative differences between “a bend” and “the end.” Traders who can gauge whether a given bend is a large pause instead of a reversal are more likely to capitalize on the trend. Knowing how to identify areas where larger retracement and price congestion patterns actually begin is useful, because large consolidation patterns tend to form and set up price breakout trades in larger\ntime frames in the direction of the prevailing trend.
THE BEND THAT ENDS THE TREND
An uptrend that emerges after a long period of base-building is often distrusted, recognized only slowly by participants; the upward price movement can be unconvincing. Meanwhile, the late stages of an established uptrend are characterized by extreme positive sentiment, skyrocketing prices, and wild speculation by that portion of the public engaged in momentum trading."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-9-46-56-set-up-your-trades-with-the-swing-indicator-by-teresa-lo-20.gif"",""height"":""261"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-9-46-56-set-up-your-trades-with-the-swing-indicator-by-teresa-lo-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-9-46-56-set-up-your-trades-with-the-swing-indicator-by-teresa-lo-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v225sigeofch,d,"{""minimum-quantity"":""1"",""path"":""ch9s201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:9 (50-52): Sidebar: The geometry of chart patterns by Teresa Lo"",""caption-linebreaks"":""V. 22:9 (50-52): Sidebar: The geometry of chart patterns by Teresa Lo
Pattern recognition is made simple using the swing lines of the classic swing indicator. Together with PowerSwing bars (not shown), the indicators act as visual aids, and basic geometry helps identify the pattern in addition to support and resistance points. Traders can look for entries based on their style of trading, often in conjunction with other technical indicators.
Sidebar Figures 1–4 are some examples of chart patterns that were identified as they formed in real time."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-9-50-52-sidebar-the-geometry-of-chart-patterns-by-teresa-lo-20.gif"",""height"":""261"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-9-50-52-sidebar-the-geometry-of-chart-patterns-by-teresa-lo-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-9-50-52-sidebar-the-geometry-of-chart-patterns-by-teresa-lo-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v225qabydonb2,d,"{""minimum-quantity"":""1"",""path"":""ch9s201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:9 (57-58): Q&A by Don Bright"",""caption-linebreaks"":""V. 22:9 (57-58): Q&A by Don Bright
SINCE YOU ASKED
Confused about some aspect of trading? Professional trader Don Bright of Bright Trading (www.stocktrading.com), an equity trading corporation, answers a few of your questions. To submit a question, post your question to our website at http://\nMessage-Boards.Traders.com. Answers will be posted there, and selected questions will appear in a future issue of S&C.
THETA DECAY
I read that you were once an options market maker. I have a question about theta. Do you know when an option erodes due to theta decay? Is it continuous\nthroughout the day, or is it marked down at a specific time?
Thanks a lot — riskreward
Theta refers to the daily reduction in option time premium. If you have an extra dollar of premium, and 20 days to go, you simply reduce your calculation by one day at a time. By using dates instead of actual days remaining, you don’t have to concern yourself about\nweekends and holidays. The intraday time decay does take effect the last few days before expiration, especially on expiration day, when the stock is trading\nright at the expiration price of the operation. Then you might consider hourly calculations.
Traders generally use the mark-to-market daily close prices for calculations of all their greeks."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-9-57-58-q-a-by-don-bright-20.gif"",""height"":""261"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-9-57-58-q-a-by-don-bright-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-9-57-58-q-a-by-don-bright-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v226emintrby,d,"{""minimum-quantity"":""1"",""path"":""ch9s201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:9 (62-65): Emotionally Intelligent Trading by Eliot Brenner, Ph.D."",""caption-linebreaks"":""V. 22:9 (62-65): Emotionally Intelligent Trading by Eliot Brenner, Ph.D.
Increase your trading profits by incorporating these strategies for emotional intelligence with a sound\ntrading plan.
A few months after I began daytrading equities, I learned a tough lesson that illustrates how\nemotionally intelligent traders can profit from the mistakes of others. I was trading at a firm with 50 other traders who sat shoulder-to-shoulder at computer terminals. The trader who sat next to me was considerably more experienced than I was. On one occasion, I was feeling quite pleased because I was\nlong 400 shares of a stock that had risen eight points. The experienced trader was envying my position. Much\nto my chagrin, about two hours before the market close, the S&P futures market headed south — taking my position with it.
My pride turned to regret. Within a matter of minutes, I lost half of my profit. Fearing I would lose it all, sold the entire position. I turned to the more experienced trader and noticed that he bought the same stock at the\nmoment I sold my shares!
“Why did you buy now?” I asked him. He replied, “I figured that when you couldn’t take any more pain, it was a good time to buy.” I watched my colleague’s new purchase earn back all of my “lost” profit and then\nsome."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-9-62-65-emotionally-intelligent-trading-by-eliot-brenner-ph-d-20.gif"",""height"":""261"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-9-62-65-emotionally-intelligent-trading-by-eliot-brenner-ph-d-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-9-62-65-emotionally-intelligent-trading-by-eliot-brenner-ph-d-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v226wefortrf,d,"{""minimum-quantity"":""1"",""path"":""ch9s201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:9 (69): Websites For Traders: FXstreet.com by Jayanthi Gopalakrishnan"",""caption-linebreaks"":""V. 22:9 (69): Websites For Traders: FXstreet.com by Jayanthi Gopalakrishnan
FXSTREET.COM
“Take the challenge: Test your forex knowledge” — the headline was enough to tempt me to take a closer look at www.FXstreet.com. A click on that link took me to a 10-question test, which, although basic, really will test your knowledge. Fortunately for me, there were enough technical analysis questions to make the quiz a breeze. But it also prompted me to explore the site further.
The content changes just about every day, and you’ll find that you get a good overview of the forex market. You can find forecasts, commentary, technical analysis, charts, news, quotes — basically anything you want to know about the currency market. Interested in finding out the current interest rates in Egypt? Want to know the exchange rate of the country you will be visiting on your next vacation? You’ll find it all on this site."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-9-69-websites-for-traders-fxstreet-com-by-jayanthi-gopalakrishnan-20.gif"",""height"":""261"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-9-69-websites-for-traders-fxstreet-com-by-jayanthi-gopalakrishnan-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-9-69-websites-for-traders-fxstreet-com-by-jayanthi-gopalakrishnan-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v227inchneof,d,"{""minimum-quantity"":""1"",""path"":""ch9s201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:9 (70-75): Interview: Christopher Neely Of The Federal Reserve by Jayanthi Gopalakrishnan"",""caption-linebreaks"":""Once in a while, we hear something coming out of the Federal Reserve we just don’t expect. In this case, we heard about a technical analysis–receptive individual — an economist, to boot! Christopher Neely is a research officer with the Federal Reserve Bank of St. Louis, where he has worked since receiving his doctorate from the University of Iowa in 1993. His research has been primarily in empirical international finance, but he has published papers on technical trading rules, foreign exchange intervention, and intertemporal asset pricing. In recent times, he has begun to research options markets.
Neely is an associate editor at Quantitative Finance, Applied Economics, and co-editor of Journal of International Financial Markets, Institutions And Money. STOCKS & COMMODITIES Editor Jayanthi Gopalakrishnan spoke with Neely via telephone on July 7, 2004.
Q: How did you get interested in the work that you do?
A: I got interested in technical analysis when I attended\na seminar, given by a guy named Blake LeBaron. I think it was 1991 or so. I became interested, but I didn’t do anything about it until about 1995, when a colleague of mine suggested we work together on a study to develop technical trading rules with genetic programming.
Q: What is genetic programming?
A: It is a type of artificial intelligence that is related to genetic algorithms. It uses the principles of natural selection and recombination to develop successful\ntrading rules. We probably started working on that project in 1995."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-9-70-75-interview-christopher-neely-of-the-federal-reserve-by-jayanthi-gopalakrishnan-20.gif"",""height"":""261"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-9-70-75-interview-christopher-neely-of-the-federal-reserve-by-jayanthi-gopalakrishnan-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-9-70-75-interview-christopher-neely-of-the-federal-reserve-by-jayanthi-gopalakrishnan-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v227exyoopby,d,"{""minimum-quantity"":""1"",""path"":""ch9s201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:9 (76): Explore Your Options by Tom Gentile"",""caption-linebreaks"":""V. 22:9 (76): Explore Your Options by Tom Gentile
Got a question about options? Tom Gentile is the chief options strategist at Optionetics (www.optionetics.com), an education and publishing firm dedicated to teaching investors how to minimize their risk while maximizing profits using options. To submit a question, post it to our website at http://Message-Boards.Traders.com. Answers will be posted there, and selected questions will appear in a future issue of S&C.
SPLIT STRIKE CONVERSION
Q: I am interested in information on implementing a split strike conversion strategy to hedge/stabilize an existing portfolio. I understand the basic strategy of\nbuying at-the-money puts and writing out-of-the-money calls, but which contracts should I be concentrating on? One month, three months, six months out? Any help would be appreciated\n— sunseeker
A: The strategy you describe is known as a collar: It’s a combination of a protective put and a covered call. The\nstrategist is placing a floor on the potential losses of a stock by purchasing a put. The sale of the call helps offset the cost. However, the sale of the call will also limit the potential gains, because if the price of the underlying stock moves higher, the call may be assigned. The chance of assignment will increase as\nthe stock moves higher above the strike price of the option and the expiration date approaches."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-9-76-explore-your-options-by-tom-gentile-20.gif"",""height"":""261"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-9-76-explore-your-options-by-tom-gentile-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-9-76-explore-your-options-by-tom-gentile-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v227crmicoby,d,"{""minimum-quantity"":""1"",""path"":""ch9s201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:9 (78-82): The Crude Mini Cometh by David Penn"",""caption-linebreaks"":""V. 22:9 (78-82): The Crude Mini Cometh by David Penn
Minis? Energies? For the little guy, trading energy futures just got easier.
What were you doing in the autumn of 1990? Well, if you were a futures trader, and it was sometime in late August or early September, then you were probably on the long side of crude oil, a ride that ended up taking\nfortunate traders to a high of more than $40 a barrel by October.
Missed that one, did you? Well, how about the move down in 1993? Or even better, the collapse in 1998, when crude oil got dangerously near $10 a barrel? I bet the shorts made a killing then!
Oh, you weren’t in on that one, either. Well, what about natural gas? That run in 2000 — the one that ended with natural gas futures topping $10 — would have made up for a whole year’s worth of misses and messed-up trades, right? No, wait a minute, don’t tell me: you don’t trade natural gas, either. So, no point in asking you about the rally in 2003 with crude oil, the one that saw crude oil future rocket up to … Right,\nright. Gotcha. Sorry. Pretend I never brought it up."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-9-78-82-the-crude-mini-cometh-by-david-penn-20.gif"",""height"":""261"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-9-78-82-the-crude-mini-cometh-by-david-penn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-9-78-82-the-crude-mini-cometh-by-david-penn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v228wefortrw,d,"{""minimum-quantity"":""1"",""path"":""ch9s201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:9 (84): Websites For Traders: WallStreetCity.com by David Penn"",""caption-linebreaks"":""V. 22:9 (84): Websites For Traders: WallStreetCity.com by David Penn
WALLSTREETCITY.COM
One of the blessings of being a market technician is listening to fundamental analysts fire off explanations for events that technicians had anticipated for days. Sure, it’s an extra kicker when the fundamentalist finds him- or herself suddenly reversing a position that was fiercely argued only a few weeks before. But how many times has a technician been watching a financial news\nprogram or reading a mainstream financial periodical and said to himself — in the midst of a blizzard of pundit rationalization and obfuscation — “Sure, whatever you say, pal. But if it does bounce, I’m going to sell it again”?
Nevertheless, fundamentals are an irresistible attraction to many technicians, either out of familiarity (former accountants and brokers turned chartists and\ntechnicians) or morbid curiosity (in part the inspiration of some technical contrarians, perhaps). And for those technicians looking for a good website where the fundamentals lead and the technicals are not far behind, consider bookmarking www.WallStreetCity.com."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-9-84-websites-for-traders-wallstreetcity-com-by-david-penn-21.gif"",""height"":""261"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-9-84-websites-for-traders-wallstreetcity-com-by-david-penn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-9-84-websites-for-traders-wallstreetcity-com-by-david-penn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v228prreprby,d,"{""minimum-quantity"":""1"",""path"":""ch9s201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:9 (86-91): Product Review: ProSticks by David Penn"",""caption-linebreaks"":""V. 22:9 (86-91): Product Review: ProSticks by David Penn
When I look at new technical analysis charting software products and services, I try to figure out which of two standard categories the new product falls into. Is the product essentially providing all of the same sorts of charts, tools, quotes, indicators and oscillators, alerts, scans and screens, coding, and programming options as the rest of the technical analysis charting crowd, “only better”? Or is the product focused on a few things — maybe eye-popping charts loaded with technical indicators or a stock screener that encompasses more\nmethods and strategies than the average trader ever dreamed of, with a mandate to fill a specific trading niche that other products have been unable or unwilling\nto fill?
Fortunately, a new product by ProSticks Financial Solutions called (appropriately enough) ProSticks provides one of those uncommon occasions\nwhen a product manages to do both. ProSticks has all of the basic bells and whistles that the average stock or\nforex trader wants, but also introduces some innovations that will likely have even traders who are comfortable with their current charting platforms wanting to take a peek."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-9-86-91-product-review-prosticks-by-david-penn-21.gif"",""height"":""261"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-9-86-91-product-review-prosticks-by-david-penn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-9-86-91-product-review-prosticks-by-david-penn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v229camemeby,d,"{""minimum-quantity"":""1"",""path"":""ch9s201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:9 (92-95): The Call Me “Mini E” by Afshin Taghechian"",""caption-linebreaks"":""V. 22:9 (92-95): The Call Me “Mini E” by Afshin Taghechian
Well, actually, it’s e-mini, and this article has nothing to do with Dr. Evil. You might find it informative anyway, especially if you’re looking for a new instrument to trade.
Since March 2000, when the stock market bubble burst, most equity traders have started to look into other trading and investment vehicles to profit from the market. Because the stock market rally lasted for so long — 18 years! — plenty of other market vehicles had\nbeen overlooked by investors and traders during that time. Now, these overlooked markets are attracting much more attention. One of the most successful financial products, and one that has experienced impressive growth in the past few years, is the e-mini stock index futures.
That’s right, the e-mini indexes. It’s been six years since the e-mini “craze” began, and today it’s no longer a craze, but a boon to a variety of traders who may not have the wherewithal to trade individual stocks but want to look at the broader market on a more limited basis. The Chicago Mercantile Exchange (CME), Standard & Poor’s, and Nasdaq e-minis are the hottest things going, with the Chicago Board of Trade (CBOT) mini-Dow coming along nicely, based on the same concept. Unmatched for consistent volatility and the\ntops in liquidity, these markets are gold mines for the trader looking for a real opportunity to trade profitably again.
SELECTING A MARKET VEHICLE
For short-term trading, finding the right market vehicle is an important step. E-mini stock index futures have become popular trading vehicles in the past few years because they have certain prized characteristics that other markets just don’t have, at least not all together at the same time and in the same market. Even if you had total freedom to design the ideal market for short-term trading, your dream market would probably fall short of what e-mini indexes offer."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-9-92-95-the-call-me-mini-e-by-afshin-taghechian-21.gif"",""height"":""261"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-9-92-95-the-call-me-mini-e-by-afshin-taghechian-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-9-92-95-the-call-me-mini-e-by-afshin-taghechian-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v229trtibyte6,d,"{""minimum-quantity"":""1"",""path"":""ch9s201"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 22:9 (96-108): Traders’ Tips by Technical Analysis, Inc."",""caption-linebreaks"":""V. 22:9 (96-108): Traders’ Tips by Technical Analysis, Inc.
This month's Traders' Tips are for Giorgos Siligardos' article \""The Decomposition Method,\"" which presents a procedure for using his reverse-engineered RSI of weekly lows to identify possible price supports.
The code is supplied for the following programs: TradeStation, Wealth-Lab, AmiBroker, eSignal, Prophet.net, AIQ, NeuroShell Trader, Aspen Graphics, TradingSolutions, TechniFilter Plus, NeoTicker, SmarTrader, Financial Data Calculator, and BullCharts."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-9-96-108-traders-tips-by-technical-analysis-inc-21.gif"",""height"":""261"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-9-96-108-traders-tips-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-22-9-96-108-traders-tips-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v261letoscby,d,"{""minimum-quantity"":""1"",""path"":""ch10o204"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 26:10 (10-11): Letters To S&C by Technical Analysis, Inc."",""caption-linebreaks"":""Letters To S&C by Technical Analysis, Inc.
POINT & FIGURE BOOKS\nEditor,\nIn your June 2008 Letters to S&C column, Vini Mbah recommends a book by Friedrich Tolke on point & figure charts.
I have read it and although it’s okay, it’s too basic. For the last two years I have used The Definitive Guide To Point And Figure by Jeremy DuPlessis. I recommend this book to anyone who wants the most comprehensive book available on the subject. RYAN BATES
Thank you for your feedback. We will add this book to our list of resources.—Editor"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-26-10-10-11-letters-to-s-c-by-technical-analysis-inc-21.gif"",""height"":""295"",""width"":""200""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-26-10-10-11-letters-to-s-c-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-26-10-10-11-letters-to-s-c-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v261fofonewp,d,"{""minimum-quantity"":""1"",""path"":""ch10o204"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 26:10 (12-13): Forex Focus: New President, New Trend For The Dollar? by Brent Donnelly"",""caption-linebreaks"":""New President, New Trend For The Dollar? by Brent Donnelly
A positioning ourselves for a major, multiyear dollar rally. Many factors are moving in favor of the greenback as the global macroeconomic landscape changes, the subprime crisis ebbs, and the market now expects interest rate hikes from the Federal Reserve before the end of 2008. One of the most important — but least discussed — dollar-bullish factors is the upcoming election of a new President of the United States.
The end of George W. Bush’s eight-year term as US President could be a significant catalyst for a major reversal in the US dollar. Historically, the dollar has oscillated around\nits long run average of 100.22, tending to make cyclical peaksand troughs almost exactly as a new President takes office.\nTake a look at Figure 1 and you can clearly see that since the dollar went off the gold standard in the early 1970s, every new President has represented a major turning point for the dollar. In Figure 2, you see the dollar’s performance under each President."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-26-10-12-13-forex-focus-new-president-new-trend-for-the-dollar-by-brent-donnelly-21.gif"",""height"":""281"",""width"":""200""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-26-10-12-13-forex-focus-new-president-new-trend-for-the-dollar-by-brent-donnelly-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-26-10-12-13-forex-focus-new-president-new-trend-for-the-dollar-by-brent-donnelly-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v261thtrtrte,d,"{""minimum-quantity"":""1"",""path"":""ch10o204"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 26:10 (14-22): Three Trend Trading Techniques by Rob Booker"",""caption-linebreaks"":""Three Trend Trading Techniques by Rob Booker
The currency market is known to be one of the best trending markets in the world. Here are three strategies for entering and exiting trends to maximize profit and minimize risk.
Imagine that centuries ago, a pilgrim set out on a mission to discover the secret of trading. He passed through deserts, thirsty for truth more than water. He descended\ninto valleys where he met despair and then rose again more determined than ever. Finally, he scaled the steep walls of a massive mountain and met a teacher whose wisdom was sought by even the mightiest of traders. And when asked the secret of trading, the master teacher spoke only these words:
“The trend is your friend. Never trade against it.”
And thus a myth was created. Mountains of trading\nliterature have been produced about this one statement. But is it true?"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-26-10-14-22-three-trend-trading-techniques-by-rob-booker-21.gif"",""height"":""287"",""width"":""200""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-26-10-14-22-three-trend-trading-techniques-by-rob-booker-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-26-10-14-22-three-trend-trading-techniques-by-rob-booker-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v262arasrsib,d,"{""minimum-quantity"":""1"",""path"":""ch10o204"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 26:10 (24-30): ARSI, The Asymmetrical RSI by Sylvain Vervoort"",""caption-linebreaks"":""ARSI, The Asymmetrical RSI by Sylvain Vervoort
The RSI has always been useful in identifying divergences.\nHere’s a modification of this popular indicator that could be even more reliable.
The relative strength index (RSI) is a momentum\nindicator measuring the speed at which a security’s price is changing. Early signaling for entry and exit points is the main advantage of this leading indicator. The RSI calculation separates one-bar net change over a defined period into positive closing prices and negative closing prices, then smoothes that data with an average and finally normalizes the ratio on a scale of zero to 100.
The RSI formula:
RSI = 100 – 100/(1 + RS)
Where the relative strength (RS) equals:
RS =Up closing average/Down closing average
The RS value is the average gain divided by the average loss\nover the selected RSI period.
For an up closing average, when the closing price of the\npresent bar is higher than the previous one, the price difference is averaged based on the RSI period. J. Welles Wilder uses an exponential average of twice the RSI period minus 1. The same is done for a down closing average or when the closing price of the actual bar is lower than the previous bar (expressed in positive values). This means that the averaging period has no relation to the number of up or down bars in the RSI period."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-26-10-24-30-arsi-the-asymmetrical-rsi-by-sylvain-vervoort-21.gif"",""height"":""287"",""width"":""200""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-26-10-24-30-arsi-the-asymmetrical-rsi-by-sylvain-vervoort-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-26-10-24-30-arsi-the-asymmetrical-rsi-by-sylvain-vervoort-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v263mitopa2b,d,"{""minimum-quantity"":""1"",""path"":""ch10o204"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 26:10 (32-45): The MIDAS Touch, Part 2 by Andrew Coles, PhD"",""caption-linebreaks"":""The MIDAS Touch, Part 2 by Andrew Coles, PhD
Last issue, we looked at what the MIDAS formula is and how it can be applied to intraday charts. This time, we’ll examine the intraday application of MIDAS more closely.
Previously, I discussed calculating the MIDAS formula, an acronym for “market interpretation/data analysis system,” and how it can be applied to intraday charts. This time, I will discuss some of my observations concerning the application of MIDAS more closely to intraday charts.
1. The role of the previous day’s high and low. In writing\nabout MIDAS, the late technical analyst Paul Levine always identified the launch points of MIDAS as the swing highs and lows of trends, even though he stressed the importance of a launch point in terms of a major change in trading sentiment.
The latter is consistent with any swing high or low and not just with the swing highs and lows of the classic trend shapes we are familiar with. This is all to the good, since any competent daytrader knows that the concepts of support and resistance play a broader role in daytrading. Not only\nis there a daily trend (if any) to be concerned about, but\nthere are also other key levels such as the previous day’s\nhigh, low, and close, as well as today’s open and current\nhigh and low. It is interesting to see how MIDAS curves\nbehave in relation to these additional areas where there\nis a change to a new trading psychology."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-26-10-32-45-the-midas-touch-part-2-by-andrew-coles-phd-21.gif"",""height"":""282"",""width"":""200""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-26-10-32-45-the-midas-touch-part-2-by-andrew-coles-phd-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-26-10-32-45-the-midas-touch-part-2-by-andrew-coles-phd-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v263top10trh,d,"{""minimum-quantity"":""1"",""path"":""ch10o204"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 26:10 (36-39): Top 10 Trading Habits by Jody Samuels"",""caption-linebreaks"":""Top 10 Trading Habits by Jody Samuels
Here are 10 habits you can incorporate into your trading. They are simple and they work.
Here’s a story about two currency traders — I’ll just call\nthem Frustrated Farah and Successful Stacey. Farah, who’s a\ntechnical junkie, has fallen into the typical trader’s trap. She is out of trading shape, with no business plan, no profits, and has very little discipline. She trades emotionally and hasn’t developed a trading plan, either. In\nshort, Farah lacks a model for her trading business. There’s a good reason why she’s frustrated.
Stacey, on the other hand, used to be a technical junkie, but has transformed herself into a successful entrepreneurial trader. She makes money consistently, trades with discipline and unemotionally, and operates with a clear trading plan. In short, Stacey is in trading shape and has the foreign exchange trader’s edge. There’s a good reason why she’s succeeded.
How do you avoid falling into the trader trap? Let me tell\nyou a little about my own trading history. I was a successful investment bank trader for 15 years. When I left the institutional business and started out on my own, I realized there were many traders who wanted success but couldn’t attain it. Why? Those traders had the technical knowledge, they had learned about Fibonacci, support and resistance areas, chart patterns, moving averages, and other technical indicators. In fact, they had learned all of the technical aspects of trading that should have helped them succeed, but they were still looking for the trader’s holy grail."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-26-10-36-39-top-10-trading-habits-by-jody-samuels-21.gif"",""height"":""287"",""width"":""200""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-26-10-36-39-top-10-trading-habits-by-jody-samuels-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-26-10-36-39-top-10-trading-habits-by-jody-samuels-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v264dirareby,d,"{""minimum-quantity"":""1"",""path"":""ch10o204"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 26:10 (46-50): Directional Ratio Revisited by John “Jay” Norris"",""caption-linebreaks"":""Directional Ratio Revisited by John “Jay” Norris
When trading, you must look at different time frames. Here’s\nhow you can blend the different time frames using the forex\nmarket as an example.
It used to confuse me when I’d be analyzing a market and I would see an impulse rally on Wednesday — “impulse” meaning trending action — and then see an impulse selloff on Thursday. I couldn’t understand it. How could the market show such conviction two days in a row, yet move in opposite directions, with no marked change in the macroeconomics?
It wasn’t until I understood how different traders operated on different time frames that I grasped how price action like this could unfold in such a regular fashion. That confusing price behavior also dovetailed with one of the first things I was told on the trading floor so many years ago, which was, “Lose your opinion, not your money.”
I finally started to get a handle on the different time frames after going over my trades with my mentor. I would record a losing trade, and in going over it with him, he would say, “Didn’t you see the trend on the 60-minute chart?” or “I see the trigger you took on the 15-minute chart because of the trend on the 60-minute, but couldn’t you see the trend on the four-hour chart?”"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-26-10-46-50-directional-ratio-revisited-by-john-jay-norris-21.gif"",""height"":""247"",""width"":""200""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-26-10-46-50-directional-ratio-revisited-by-john-jay-norris-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-26-10-46-50-directional-ratio-revisited-by-john-jay-norris-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v265qabydonb,d,"{""minimum-quantity"":""1"",""path"":""ch10o204"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 26:10 (51): Q&A by Don Bright"",""caption-linebreaks"":""Q&A by Don Bright
IS DOWNSIDE VOLATILITY UP?\nDid you see any increase in downside volatility after the uptick rule was removed last year? Were intraday short\ntrades becoming more profitable without the cushion of an uptick rule? And what’s your sense of how this new ruling might affect short strategies if it is broadened to\nmore stocks?
I trade the Russell 2000 almost exclusively short and am a little concerned about how any regulations that involve\nshort sales may affect the movement of indexes.—lindq
Actually, it’s kind of interesting. Summer 2007 showed a big move in the volatility index (VIX) that was actually a thorn in the side of many brokerages and clearing firms. The September contract was being shorted at (near) all-time highs, while traders were hedging with January contracts. Well, the January contracts didn’t move as expected, causing a major ripple within the industry. Many firms\nstopped their traders from engaging in calendar spreads on the VIX.
And interestingly, the first couple of months without the uptick rule saw a big rise in the overall market. Our traders (in correlated pairs groups) were thrilled by\nnot having to wait for upticks, but since we are hedged, I don’t feel we had any effect on the overall market movement.\nWe did see an increase in overall pairs and merger volume during the last 12 months."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-26-10-51-q-a-by-don-bright-20.gif"",""height"":""282"",""width"":""200""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-26-10-51-q-a-by-don-bright-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-26-10-51-q-a-by-don-bright-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v265prresc10,d,"{""minimum-quantity"":""1"",""path"":""ch10o204"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 26:10 (52-53): Product Review: ScanExpert 1.0 by Jayanthi Gopalakrishnan"",""caption-linebreaks"":""Product Review: ScanExpert 1.0 by Jayanthi Gopalakrishnan
DIVERGENCE SOFTWARE
In order to be a successful trader, you have to know your market and you have to be quick and flexible. You must be prepared before you make your trades. You have to\nhave a handful of trading candidates that will make it worth your while to trade, and you have to know exactly when to enter the trade and know what you should do if the trade goes against you. There’s no better way to have a list of trading candidates than using a stock scanner.\nScanExpert, developed by Divergence Software, is customizable scanning software created for the eSignal platform.
FEATURES
First, you need to build a portfolio of securities that will look similar to what you see in Figure 1. The command center of this product is the Configuration Manager, which is where you create the portfolio, select the script you wish to apply, and select various display options. You can have up to 500 symbols in a portfolio."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-26-10-52-53-product-review-scanexpert-1-0-by-jayanthi-gopalakrishnan-20.gif"",""height"":""270"",""width"":""200""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-26-10-52-53-product-review-scanexpert-1-0-by-jayanthi-gopalakrishnan-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-26-10-52-53-product-review-scanexpert-1-0-by-jayanthi-gopalakrishnan-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v265intrfowi,d,"{""minimum-quantity"":""1"",""path"":""ch10o204"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 26:10 (54-61): Interview: Trading Forex With Jamie Saettele by J. Gopalakrishnan & B. Faber"",""caption-linebreaks"":""Interview: Trading Forex With Jamie Saettele by\nJ. Gopalakrishnan & B. Faber
Jamie Saettele is the senior currency strategist at Forex Capital Markets LLC and author of Sentiment In The Forex Market. His technical strategy is published daily at DailyFX.com and he has contributed to Technical Analysis\nof STOCKS & COMMODITIES, SFO, and Futures magazines, as well as Investopedia.com. Saettele is an active currency trader employing a discretionary approach to the foreign exchange market.
Jamie, how did you get started in trading?
In college I was part of a student-managed investment\nfund. There were 15 of us and our job was to manage a real money account. There were rules—we could only go long stocks and bond funds.
JG: Did you just pick stocks, or did you do something else too?
We had different roles besides picking stocks—for instance, we had an accounting department. My role was providing economic reports. So I was studying a lot of macro-economic topics, and I started focusing a lot on interest rates. That was how I got interested in currencies. After I graduated I wanted to find a job in foreign exchange and I found myself at FXCM, and I’ve been here since."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-26-10-54-61-interview-trading-forex-with-jamie-saettele-by-j-gopalakrishnan-b-faber-20.gif"",""height"":""255"",""width"":""200""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-26-10-54-61-interview-trading-forex-with-jamie-saettele-by-j-gopalakrishnan-b-faber-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-26-10-54-61-interview-trading-forex-with-jamie-saettele-by-j-gopalakrishnan-b-faber-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v266exyoopby,d,"{""minimum-quantity"":""1"",""path"":""ch10o204"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 26:10 (62): Explore Your Options by Tom Gentile"",""caption-linebreaks"":""Explore Your Options by Tom Gentile
BULL CALL SPREAD HELP
If you place an order to buy a September 95 call for $1.50 and sell the September 100 call for $0.75, the total debit is $0.75. If the option now has gone to zero, do you need to reverse the order to get out of the trade? Or do you hold until the expiration and do nothing? In addition, can I buy to close the September 100 call without selling to\nclose the September 95 call?
It sounds like you entered a bull call spread and the market turned south on you. Also, your spread was probably on options that were either deep out of the money or very close to expiration or both. You were paying just 75 cents for the spread and had the potential of making $4.25 (the difference between the strike prices of the options minus the cost of the spread). The reward-to-risk ratio is almost 6-to-1! This is a very aggressive strategy. As it turns out, it sounds like the underlying security did not make the explosive move you were looking for and the value of the options has fallen to zero.
In this case, if the options have just a few days or a week of life remaining, the outlook isn’t bullish and chances\nare the contracts will expire worthless. You don’t have to do anything. The contracts will expire worthless and you\nwill be out of the trade. The initial debit of 75 cents per spread is lost."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-26-10-62-explore-your-options-by-tom-gentile-20.gif"",""height"":""296"",""width"":""200""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-26-10-62-explore-your-options-by-tom-gentile-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-26-10-62-explore-your-options-by-tom-gentile-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v266fuforyou,d,"{""minimum-quantity"":""1"",""path"":""ch10o204"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 26:10 (65): Futures For You by Carley Garner"",""caption-linebreaks"":""Futures For You by Carley Garner
TOO LATE TO BUY CRUDE?
The energy markets are moving. Is it too late to buy crude oil, or is this dip a long-term opportunity?\nWithout a crystal ball, there is no way of knowing for sure. What I do know, however, is that crude oil is one\nof the most difficult markets to make money in, regardless of whether you are a futures or option trader. The margin\nrequirement is extremely high, and so is the volatility and risk. In my opinion, long option strategies are nothing\nmore than buying high-priced lottery tickets due to inflated implied volatility, premiums, and bid/ask spreads.\nShort option strategies and spread strategies face similar obstacles.
Unless you have deep pockets and a high tolerance for risk, there are better markets to trade. A crude oil price chart\ncan be deceiving in that it seems as though it would have been easy to make large profits by simply being long. After\nall, according to Congressional hearings, it is the “greedy” speculators that have gotten us into this mess.\nNevertheless, for the average retail trader the intraday and daily price swings can be financially unmanageable\nand psychologically unbearable. Imagine being long August crude oil futures during July 2008. In the first two weeks alone, you would have made or lost $10,000 several times on one contract."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-26-10-65-futures-for-you-by-carley-garner-20.gif"",""height"":""296"",""width"":""200""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-26-10-65-futures-for-you-by-carley-garner-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-26-10-65-futures-for-you-by-carley-garner-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v266prretrby,d,"{""minimum-quantity"":""1"",""path"":""ch10o204"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 26:10 (66-68): Product Review: TradeSignalOnline.com by Dennis D. Peterson"",""caption-linebreaks"":""Product Review: TradeSignalOnline.com by Dennis D. Peterson
TRADESIGNAL GMBH
Tradesignal.com, a Germanybased website, provides charts, trading strategies, and a forum where you can exchange\nideas. The free service gets you 15-minute delayed quotes,\nwhile real-time costs depend on the market(s) you want to monitor (US and European stocks and futures, and world\nindexes and currencies). As you might expect, the site is available in German and English.
Tradesignalonline uses Active X elements for the charting, and I found it necessary to use a setup offered by\nTradesignalonline called MSI to work around the blocking of Active X. After registering, go to “Support,” then “FAQ,”\nand finally to “Installation Tradesignal edition,” where you can scroll down to “Download MSI.” For Firefox users,\nthere is a Firefox plug-in."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-26-10-66-68-product-review-tradesignalonline-com-by-dennis-d-peterson-20.gif"",""height"":""290"",""width"":""200""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-26-10-66-68-product-review-tradesignalonline-com-by-dennis-d-peterson-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-26-10-66-68-product-review-tradesignalonline-com-by-dennis-d-peterson-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v266prrefoby,d,"{""minimum-quantity"":""1"",""path"":""ch10o204"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 26:10 (69-70): Product Review: ForexTickChart.com by Sean Moore"",""caption-linebreaks"":""Product Review: ForexTickChart.com by Sean Moore
ForexTickChart.com
If you’ve been looking for a website that provides up-to-minute foreign exchange charts with technical capabilities, ForexTickChart.com may be for you. Seeing the need for\nquick, easy-access forex charts that can be shared in the forex-trading community, trader Lex Nepomuceno started\nthe website. Here, a user can easily build a forex chart, add technical indicators, descriptions, trendlines, and even\nlinks to related articles, post the chart for the ForexTickChart.com community, and then forward the chart link to friends and coworkers.
TO GET STARTED
Using ForexTickChart.com is fairly straightforward. Click on the “My Account” tab from the homepage to create an account so you can save your charts. To create an account, you’ll need to punch in your email address, user name,\npassword, and first and last name. With that, you’re ready to start building charts. You’ll need the Flash plug-in installed on your Internet browser, since the chart\ninterface for ForexTickChart.com is Flash-based. Click on the “Build New Chart” tab to open the chart interface.\nFrom the chart window, click on the “File” menu and select “Load New Chart.” This will open the chart settings\nwindow (Figure 1) where you can select the currency pair, time frame (tick, monthly), start and end dates, and technical indicators (more than 60 available and you can change the parameters to match your trading style) that you’d like to add."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-26-10-69-70-product-review-forextickchart-com-by-sean-moore-20.gif"",""height"":""289"",""width"":""200""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-26-10-69-70-product-review-forextickchart-com-by-sean-moore-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-26-10-69-70-product-review-forextickchart-com-by-sean-moore-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v26797trtiby,d,"{""minimum-quantity"":""1"",""path"":""ch10o204"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 26:10 (71-84, 97): Traders’ Tips by Technical Analysis, Inc"",""caption-linebreaks"":""Traders’ Tips by Technical Analysis, Inc
Editor’s note: this month’s Traders’ Tips are based on\nSylvain Vervoort’s article in this issue, “ARSI, The Asymmetrical RSI.” Code for MetaStock is already provided\nin Vervoort’s article. Additional code is presented here as contributed by software developers.
Readers will find our Traders’ Tips section in its entirety at the STOCKS & COMMODITIES website at www.Traders.com in the Traders’ Tips area, from where the code can be copied and pasted into the appropriate program. In addition, the code for each program is usually available at the respective software company’s website. Thus, no retyping of code is required for Internet users.
For subscribers, the MetaStock code found in Vervoort’s article can be copied and pasted into MetaStock from the Subscriber Area at www.Traders.com. Login is required."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-26-10-71-84-97-traders-tips-by-technical-analysis-inc-20.gif"",""height"":""279"",""width"":""200""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-26-10-71-84-97-traders-tips-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-26-10-71-84-97-traders-tips-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v269bofortrb,d,"{""minimum-quantity"":""1"",""path"":""ch10o204"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 26:10 (92): Books For Traders by Technical Analysis, Inc."",""caption-linebreaks"":""Books For Traders by Technical Analysis, Inc.
In this issue:
•A Trader’s Money Management System: How To Ensure Profit And Avoid The Risk Of Ruin
•Dow Theory For The 21st Century: Technical Indicators For\nImproving Your Investment Results
•The Handbook Of Commodity Investing
•Good Guys & Bad Guys
•Sentiment In The Forex Market: Indicators And Strategies\nTo Profit From Crowd Behavior And Market Extremes
•The World Is Your Oyster: The Guide To Finding Great Investments Around The Globe"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-26-10-92-books-for-traders-by-technical-analysis-inc-21.gif"",""height"":""296"",""width"":""200""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-26-10-92-books-for-traders-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-26-10-92-books-for-traders-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v269atclbysa,d,"{""minimum-quantity"":""1"",""path"":""ch10o204"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 26:10 (96-98): At The Close by Sam Baum"",""caption-linebreaks"":""At The Close by Sam Baum
The 10 Pillars Of Trading
Over the years that I’ve been coaching traders, I have found a lot of common ground between novices and professionals. What I’d like to do is explore the main characteristics that separate novices from professionals.\nThere is a gap that needs to be filled if you want to cross the line over to the elite club of the 10 percentile, a club of successful trading professionals who consistently produce profits on a weekly basis.
THE 10 PILLARS
What I came up with are the 10 pillars for success. If\nimplemented correctly, there is no doubt that any trader\ncan succeed and become consistent and profitable. The\npillars are:
1. Treat trading like a business. I know that a lot of you\nare probably saying to yourself, “Of course I treat it like a business. Why wouldn’t I?” Think about it for a second.\nWhy did you start trading in the first place? For a lot of\npeople, the main reason is the lifestyle that trading can\nprovide. Others believe — incorrectly — that trading is an\neasy way to make a living. Although being a trader does not\nrequire a college degree, you still need to continuously\neducate yourself."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-26-10-96-98-at-the-close-by-sam-baum-21.gif"",""height"":""295"",""width"":""200""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-26-10-96-98-at-the-close-by-sam-baum-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-26-10-96-98-at-the-close-by-sam-baum-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v2117ganibyg,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-2-chapter-1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 2:1 (17-19): Ganntrader I by George M. Edwards, Jr."",""caption-linebreaks"":""Ganntrader I\nby George M. Edwards, Jr.
Program and User Guide: Peter A. Pich
Published by: Gannsoft Publishing Co.
311 Benton St.
Leavenworth, WA 98826
Distributed by: Lambert-Gann
P.O. Box 0
Pomeroy, WA 99347
(509) 843-1094
Price: $398.00 Version 1.2B
SUMMARY: Ease of Use: A
Documentation: A
Reliability:
A-Error Handling: B
Vendor Support: A+
Usefulness/Price Ratio: A
Hardware Requirements: APPLE II, II+, IIe Franklin\nOne Disk Drive, at least
Printer: Dot Matrix (Epson, IDS, C.Itoh Prowriter and APPLE Dot Matrix)
It is rare that one has the opportunity to use software which, because of its excellence, brings smiles and\nfeelings of real satisfaction to the user and whoever may be observing the operation. This package is one\nof those very rare ones! It helps if the user is a 'student' of Gann trading methods, but that is not\nabsolutely necessary. This software was created by a commodity trader, a student of Gann and an\naccomplished computer programmer. This most unusual creative combination furnishes for the first time\na comprehensive package of graphics and number crunching aimed directly at Gann traders. Had this\nsoftware package been available three years ago when I purchased the Gann Commodity Trading Course\nand subsequently attended one of the first of Billy Jones' Gann Seminars, much frustration and wasted time could have been avoided. Perhaps this program should be required material for anyone\ncontemplating the study of Gann methods!"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-2-1-17-19-ganntrader-i-by-george-m-edwards-jr-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-2-1-17-19-ganntrader-i-by-george-m-edwards-jr-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-2-1-17-19-ganntrader-i-by-george-m-edwards-jr-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v2128commytr,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-2-chapter-1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 2:1 (28-34): Compu-Tracâ My Trading Partner! by Harry Shirding"",""caption-linebreaks"":""Compu-Trac(R)\nMy Trading Partner!\nby Harry Shirding
Software Review: Compu-Trac (R)
Published and Distributed by:Compu Trac, Inc.
P. O. Box 15951
New Orleans, LA 70175
U.S.A.
(504) 895-1474
(800) 538-7990
Price: Apple (R) Version $1899.00 Version 4.1 Annual Fee $200.00\nIBM PC (R) Version $1100.00 Annual Fee $150.00\nNot as complete as Apple ®version
Summary: Ease of Use: B
Documentation:
C-Reliability: B-Error Handling: B
Vendor Support:
C-Usefulness/Price Ratio: C
Hardware Requirements: Apple II+, IIe or Franklin Ace(R) 2 disk drives, monitor, D. C. Hayes modem, graphics printer & interface, joystick
: IBM PC,\n2 disk drives, 192K memory, color board, graphics printer & parallel interface, asynchronous\ncommunication card, D.C. Hayes stack modem
CompuTrac is a stocks and commodities trading analysis package that, among other things,
— gives the purchaser phone access to daily market data
— includes a variety of trading \""studies\"" software (such as moving average, stochastic, point & figure),
— offers a variety of analysis tools to help analyze and organize data, and
— creates charts to illustrate analyzed data.
Although this program does not guarantee success, it has done more to put consistency in my trading than\nany other single factor. I believe any one study that a trader can dream up will work on the average about\nfifty to sixty percent of the time. It is, therefore, important to find your trading personality and\nrisk-bearing ability, and then to put together a group of trading studies that collectively can become a\nprofitable trading partner for you, both monetarily and psychologically. I believe that CompuTrac can\nhelp you evaluate which modules will make your trading more profitable."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-2-1-28-34-compu-trac-my-trading-partner-by-harry-shirding-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-2-1-28-34-compu-trac-my-trading-partner-by-harry-shirding-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-2-1-28-34-compu-trac-my-trading-partner-by-harry-shirding-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v2142lettote,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-2-chapter-1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 2:1 (42-45): Letters to Technical Analysis"",""caption-linebreaks"":""Letters to Technical Analysis
This column is our means of communicating with our subscribers and serves as an outlet for questions\nand answers. Please feel free to write about anything that you would like to know more (or less) about or\npass along to the rest of us. We all run across trading techniques, services and products that have proven\nto be useful to some degree under different market conditions. Without a constant source of new ideas\nand subject matter coming from our readers, this magazine would not exist. Each issue is designed to\nhold at least one idea or clarify one subject that could justify your subscription cost.
Dear Jack,
One idea for a regular feature: I constantly get fliers for super razzle-dazzle systems that imply\nunbelievable rates of return and low risk. I always toss these. However, I'm sure many of your readers\nhave tried one or more of these systems. Are most of them pure hype, or are there really some great\nsystems being offered for sale? I'm sure a feature in which readers describe their experience with these\nsystems would be of great interest to many. Good luck.
Sincerely,
J.S. Ossining, NY
Dear J.S.,
We would welcome this sort of candid first hand information. As should be apparent, this magazine is\npaid for by the subscribers and not by advertising space ads. This almost eliminates any overhead\nadvertiser pressure on us to publish only the good words (about a product) and strike any disparaging\ncomments.
The Editor"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-2-1-42-45-letters-to-technical-analysis-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-2-1-42-45-letters-to-technical-analysis-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-2-1-42-45-letters-to-technical-analysis-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v2281lettote,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-2-chapter-2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 2:2 (81-81): Letters to Technical Analysis"",""caption-linebreaks"":""Dear Jack:
I enjoy the publication very much. Please find enclosed renewal. I look forward to articles on Maximum\nEntropy. Please include a program on this that will run on Compu-Trac, if possible.
Would you also consider an article and a program on equivolume charting?
Your programs on the disk run very well and are very useful. Please let me know how I can modify TRIX\n#40 (STUDY.40) so it will run without user inputs so I can use it in procedures. I want to put the inputs\nright into the program.
Thanks for the help,
D.D.H.
Redwood Falls, MN
Dear D.D.H.,
The Maximum Entropy computer program (actually two sub-routines) will run within the Compu-Trac\nsystem. This will not be very user friendly because of Compu-Trac graphic, variable and memory\nconstraints. The program will be about as much work to run and interpret as our Fourier spectrum\nanalysis routine.
The easiest way to get Compu-Trac compatable subroutines is to order our year end Volume 1 disk\n(Apple II+ or IIe only). Our published routines try not to rely on Compu-Trac unique BASIC commands.
To use our subroutines in a Compu-Trac automatic procedure (i.e. unattended) all input must be through\nthe use of a Compu-Trac GOSUB 100. This routine does more than just get input, it also stores and/or\nretrieves keystrokes from a text string Generally this means all you have to do is replace our input\nroutine (GOSUB 1165 in this case) with GOSUB 100.
Please send us a little information about your 'equivolume' charting, the term is not synonymous with\njust one technique.
The Editor"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-2-2-81-81-letters-to-technical-analysis-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-2-2-81-81-letters-to-technical-analysis-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-2-2-81-81-letters-to-technical-analysis-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v2391sidprog,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-2-chapter-3"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 2:3 (91-93): SIDEBAR: Programming Conventions for BASIC Technical Analysis subroutines"",""caption-linebreaks"":""Programming Conventions for BASIC Technical\nAnalysis subroutines:
NO Input/Output routine is provided, only a generic BASIC computational subroutine containing the\nfundamental technical analysis is provided. This subroutine should, with only minor changes, work on\nany computer using the BASIC language.
INPUT data {daily, weekly, monthly, etc.) must be provided by the user (i.e. YOU} in the following\nmatrix format: X(7,NUM) where
NUM= Number of days in the Matrix"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-2-3-91-93-sidebar-programming-conventions-for-basic-technical-analysis-subroutines-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-2-3-91-93-sidebar-programming-conventions-for-basic-technical-analysis-subroutines-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-2-3-91-93-sidebar-programming-conventions-for-basic-technical-analysis-subroutines-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v2394sidfor,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-2-chapter-3"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 2:3 (94-97): SIDEBAR: FORMULAS"",""caption-linebreaks"":""FORMULAS
\""K regular \""= ...
To produce the slow version of the stochastic the formula for the \""%D\"" is modified as follows:"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-2-3-94-97-sidebar-formulas-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-2-3-94-97-sidebar-formulas-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-2-3-94-97-sidebar-formulas-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v2412sidprog,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-2-chapter-4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 2:4 (123-129): SIDEBAR: Programming conventions for BASIC Technical Analysis subroutines:"",""caption-linebreaks"":""Programming conventions for BASIC Technical\nAnalysis subroutines:
NO Input/Output routine is provided, only a generic BASIC computational subroutine containing the\nfundamental technical analysis is provided. this subroutine should, with only minor changes, work on any\ncomputer using the BASIC language.
INPUT data (daily, weekly, monthly, etc.) must be provided by the user (i.e., YOU) in the following\nformat:
X(7,NUM) where"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-2-4-123-129-sidebar-programming-conventions-for-basic-technical-analysis-subroutines-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-2-4-123-129-sidebar-programming-conventions-for-basic-technical-analysis-subroutines-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-2-4-123-129-sidebar-programming-conventions-for-basic-technical-analysis-subroutines-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v2413cormar,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-2-chapter-4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 2:4 (136-140): Corner The Market"",""caption-linebreaks"":""Corner The Market
Many instructive articles and major works in the field of technical analysis and speculation lie\nundisturbed on dusty back shelves, or have fallen into obscurity because they are no longer in print. As a\nunique feature of this magazine and in line with our continuing commitment to offer our readers\ninstructive or practical material we will be reprinting classic stories and articles on speculation and\ntechnical analysis culled mostly from private libraries. We feel this material, which is only available to\nour subscribers, will be of interest and value as we are all reaching for practical insights and principles\nwhich we can somehow employ in our analyses, programs and trading activities.
The following story is reprinted from the August, 1911 edition of The Ticker Magazine. The introductory\nparagraph was penned by Richard D. Wyckoff, Editor and Publisher of the magazine.
The Story of the World's Greatest Corner
For breadth of conception, audacity of execution, and for the magnitude of the interested, no deal in the\nhistory of speculative commodity markets ever equaled that run by Joseph Leiter in 1898 on the Chicago\nBoard of Trade. This young man, then under thirty, attempted to dictate the price of our chief breadstuff\nall over the world—for a time he found it easy. Men of half a century's experience in the trade gave way\nbefore him and he saw millions of profits to his credit—on paper. But man, proud man, dressed in a little\nbrief authority, is sadly subject to that insidious malady, a \""swelled head. \"" Leiter forgot that, with all his\npower, he was merely a chip on the stream of events, and concluded that he was the stream.
The following article was written immediately after the close of the deal by a man intimately connected\nwith it who got much of his information at first hand. It has never before been printed. Even the plain\nfacts as related make a fascinating and instructive story."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-2-4-136-140-corner-the-market-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-2-4-136-140-corner-the-market-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-2-4-136-140-corner-the-market-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v2414bookrev,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-2-chapter-4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 2:4 (141-141): BOOK REVIEW: Commodity Market Money Management by John Sweeney"",""caption-linebreaks"":""BOOK REVIEW: Commodity Market Money\nManagement\nby John Sweeney
Commodity Market Money Management\nby Fred Gehm
John Wiley & Sons, 1983
One Wiley Drive
Somerset, New Jersey.
Price: $37.95
There are really two sides to trading: the idea and the execution. The idea to trade, we get from a\nsystem or from our imagination. The management and execution of our activity (goal-setting, planning,\ncontrolling) is an area few pursue. Commodity Market Money Management covers this neglected side of\ntrading, and it's a long-overdue treatment. Properly seen, money management covers the entire program\nof trading, as well as integrating it with one's other financial activities. Thus, it supersedes and\nencompasses any one trade or series of trades. It is the master plan for making money, a plan that sets out\ngoals, acceptable means, constraints, measures and monitoring standards.
Naturally, all of that is not what attracts us to speculation. However, all of it will get done in some fashion if we intend to remain active speculators. The odds against us, over time, are too great otherwise.\nThe trouble is that, until now, there's never been a practical approach to learning this, just an academic\none. I say this as one who has been through all the academic side of it."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-2-4-141-141-book-review-commodity-market-money-management-by-john-sweeney-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-2-4-141-141-book-review-commodity-market-money-management-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-2-4-141-141-book-review-commodity-market-money-management-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v2414lettote,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-2-chapter-4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 2:4 (146-147): Letters to Technical Analysis"",""caption-linebreaks"":""Letters to Technical Analysis
Dear Dr. Warren:
Recently I purchased a book, Digital Foundations of Time Series Analysis, by Robinson and Silvia, that\ntouches upon the Maximum Eutropy Method (MEM). As much as I want to understand I the basics, my\ncollege training doesn't give me the advanced mathematical concepts needed to fully appreciate what the\nauthors try to explain. For this reason, I am grateful for your series on the MEM applied to spectral\nanalysis and forecasting. It has already clarified a few basic ideas, for which I thank you. The MEM\nappears to be an elegant and powerful analytic tool, and I look forward to building the core programs that\ncan execute on my TRS 80, Model I microcomputer.
There is one equation that you introduce, the Final Predictive Error (FPE), that I am perplexed by. FPE is\ngiven as FPE(M) = (N+M)*P(M)N-M). I believe the variance for the time series of order M is\nP(M)/(N-M), which is related to the statistical standard deviation—a measure of error.
I don't understand why the FPE is equivalent to the variance multiplied by (M+N) as the selection\ncriterion. I would think that it should be sufficient to find the local minima for the variance as a function\nof order or the number of lags used. Apparently, multiplication of the variance by (M+N) makes a\ndifference, but I don't understand why. Could you find the time to send me a brief explanation?
As an applied mathematics consultant, Dr. Warren, perhaps you've published books, handbooks, or notes\nthat can better explain this and other tools without getting much more technical than the notations in your\narticle. I can follow your terminology, and would like the opportunity to buy your published works. You\nmay be able to broaden my understanding of time series analysis and its application, for which I would be\ngrateful.
Sincerely,
D.U., Warren,\nMI
Dear D. U.,
Thank you for your recent letter commenting on the MEM articles published in the January and March\n1984 issues of Technical Analysis. It is nice to hear from a reader now and then, to gain some insight on\nreader perceptions and comprehension of such technical analysis articles.
Regarding your question on the selection of the FPE criterion, I am enclosing a technical paper which\nmore fully describes the MEM methodology, and summarizes and development of the FPE order\nselection criteria. In brief, the FPE criteria is based on minimizing the expected prediction error\nvariance. This quantity is the sum of an error variance due to forecasting, and an error variance due to\nincorrect estimation of the prediction coefficients. The sample variance due to forecasting is\napproximately
(1) V = P(M) / (N-M),
as noted in your letter. Akaike showed that the total error variance, including that due to errors in\nestimating the preditor coefficients, is approximately given by"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-2-4-146-147-letters-to-technical-analysis-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-2-4-146-147-letters-to-technical-analysis-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-2-4-146-147-letters-to-technical-analysis-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v2516stocosp,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-2-chapter-5"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 2:5 (167-168): Stochastic Oscillator Program for the HP-41C(V) by Dr. Charles F. Johnson, M.D."",""caption-linebreaks"":""Stochastic Oscillator Program for the HP-41C(V)\nby Dr. Charles F. Johnson, M.D.
The Stochastic Oscillator, an indicator of overbought and oversold conditions for a set of data, is based\non a relationship between closing price and high/low price in rising/falling price movements. I have\nfound the HP-41 C(V) an ideal system to calculate the regular stochastic and smoothed (\""slow\"")\nstochastic as outlined by Harry Schirding in \""Stochastic Oscillator\"", May/June 1984 issue of Technical\nAnalysis of Stocks and Commodities.
Using the program listing which I have included, you can key the program into the 41-C(V) memory\n(refer to manufacturer's manual for details of operation.)
Programs can be saved on magnetic cards for future use with a card reader which attaches to the top of\nthe unit. Either one of the two types of thermal printers which are available for the system may be used to\nprovide a hard copy of the data input and stochastic output.
—To run the program, after loading it, simply press the R/S key. This results in a statement of the data\nregister \""size\"" required (refer to manual) and a prompt for the \""name\"" of your data.
—After entering the name press the R/S key. When \""0.0000\"" shows in the view screen you are ready to\nproceed with the next step."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-2-5-167-168-stochastic-oscillator-program-for-the-hp-41c-v-by-dr-charles-f-johnson-m-d-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-2-5-167-168-stochastic-oscillator-program-for-the-hp-41c-v-by-dr-charles-f-johnson-m-d-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-2-5-167-168-stochastic-oscillator-program-for-the-hp-41c-v-by-dr-charles-f-johnson-m-d-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v2517sidsid1,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-2-chapter-5"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 2:5 (174-180): SIDEBAR: SIDEBAR 1"",""caption-linebreaks"":""SIDEBAR 1
RUN
DECISION MAKER
DECISION MAKER
I CAN HELP YOU MAKE DECISIONS BY CHOOSING THE BEST POSSIBILITY FOR\nYOU OUT OF SEVERAL ALTERNATIVES. ALL I NEED TO DO IS ORGANIZE\nINFORMATION YOU ALREADY HAVE.
WHICH OF THESE BEST DESCRIBES THE DECISION YOU HAVE TO MAKE?
1- CHOOSE AN ITEM FROM SEVERAL ALTERNATIVES?
2- CHOOSE A COURSE OF ACTION FROM SEVERAL ALTERNATIVES?
WHICH TYPE (1 OR 2) DO YOU HAVE TO MAKE?
2\nI WILL NOW NEED A LIST OF EACH COURSE OF ACTION THAT YOU ARE\nCONSIDERING. PLEASE INPUT THEM ONE AT A TIME. THE ORDER IS OF NO\nIMPORTANCE. (9 ITEMS MAXIMUM)
HOW MANY ARE THERE ALTOGETHER?"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-2-5-174-180-sidebar-sidebar-1-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-2-5-174-180-sidebar-sidebar-1-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-2-5-174-180-sidebar-sidebar-1-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v2618sidprog,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-2-chapter-6"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 2:6 (189-196): SIDEBAR: Programming conventions for BASIC Technical Analysis subroutines:"",""caption-linebreaks"":""Programming conventions for BASIC Technical Analysis subroutines:
NO Input/Output routine is provided, only a generic BASIC computational subroutine containing the fundamental technical analysis is provided. T his subroutine should, with only minor changes, work on any computer using the BASIC language."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-2-6-189-196-sidebar-programming-conventions-for-basic-technical-analysis-subroutines-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-2-6-189-196-sidebar-programming-conventions-for-basic-technical-analysis-subroutines-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-2-6-189-196-sidebar-programming-conventions-for-basic-technical-analysis-subroutines-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v2621revchar,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-2-chapter-6"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 2:6 (217-220): Reviews: CHART AND ADVISORY NEWSLETTER REVIEW"",""caption-linebreaks"":""CHART AND ADVISORY NEWSLETTER REVIEW:
HAL\nby Harry Schirding
HAL Advisory and Chart Services\nHAL Market Cycles 1\n2020 East Prince Road\nTucson, AZ 85719\n(602) 795-3061\n(800) 325-5855\nOne Year- $650\nSix Months- $350
HAL Market Cycles is a combined weekly chart service and market letter that is a direct reflection of\nthe trading philosophy of its founder, Walter J. Bressert. The newsletter is structured to provide current\ncyclic and technical market. information as of the close on Thursday of each week. It is then printed and\nin the mail so that most subscribers will receive it before the beginning of a new trading week on\nMonday. This maneuver produces timely charts as well as accurate cyclic timing for trades and all\nimportant money management advice.
Included in HAL's initial mailing are several short articles that help to provide the trader with an\nexplanation of methods that are used by Bressert. Timing entry and exit of trades, by HAL\nrecommendation, forces you to wait for the market to tell you when it is ready to go up or down. This\napproach assumes that you have the technical advice necessary to determine when tops or bottoms will\noccur and (probably the most important part) the discipline to follow the rules. To quote one of these\narticles Bressert says \""Successful Commodity trading is a combination of:"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-2-6-217-220-reviews-chart-and-advisory-newsletter-review-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-2-6-217-220-reviews-chart-and-advisory-newsletter-review-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-2-6-217-220-reviews-chart-and-advisory-newsletter-review-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v3143lettote,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-3-chapter-1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 3:1 (43-44): Letters to Technical Analysis"",""caption-linebreaks"":""Letters to Technical Analysis
This column is our means of communicating with our subscribers and serves as an outlet for questions\nand answers. Please feel free to write about anything that you would like to know more (or less) about or\npass along to the rest of us. We all run across trading techniques, services and products that have proven\nto be useful to some degree under different market conditions. Without a constant source of new ideas\nand subject matter coming from our readers this magazine would not exist. Each issue is designed to hold\nat least one idea or clarify one subject that should justify your subscription cost."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-3-1-43-44-letters-to-technical-analysis-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-3-1-43-44-letters-to-technical-analysis-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-3-1-43-44-letters-to-technical-analysis-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v3270mmstecr,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-3-chapter-2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 3:2 (70-71): MMS-Technical Research Money Market Services on Telerate by John Sweeney"",""caption-linebreaks"":""MMS-Technical Research\nMoney Market Services on Telerate\nby John Sweeney
MMS -Technical Research
Money Market Services on Telerate
490 El Camino Real
Belmont, CA 94002
(800)227-7304
(415)595-0610
Price: $145 per month on already installed Telerate
Widely renowned for its fundamental analyses of the government debt markets, Money Market Services\nalso offers a technical analysis capability on Telerate. This is a service for institutional traders who are\noccupied with short-term trades or with the day-to-day jobs of taking, adjusting, or removing positions in\ninstitutional portfolios. It is a service which has practically no graphics capability or historical data so\nthat the information presented is that of the present situation.
This focus on the present reflects Telerate's stance as the prime vendor for pricing data in the government\nand agency debt markets. Presumably, folks who want/need to know more than today's story get that\ninformation elsewhere. None of the data dumped on Telerate's pages is download able to separate\nanalytical package and the folks I know who use Telerate generally also have other machines facing them\nwith more sophisticated analytical packages loaded and running.
Given those limitations, is Telerate/ MMS handy for the boys in the tall, shiny boxes downtown?\nProbably so. At least 1000 of them subscribe to it."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-3-2-70-71-mms-technical-research-money-market-services-on-telerate-by-john-sweeney-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-3-2-70-71-mms-technical-research-money-market-services-on-telerate-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-3-2-70-71-mms-technical-research-money-market-services-on-telerate-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v3279lettote,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-3-chapter-2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 3:2 (79-80): Letters to Technical Analysis"",""caption-linebreaks"":""Letters to Technical Analysis
This column is our means of communicating with our subscribers and serves as an outlet for questions\nand answers. Please feel free to write about anything that you would like to know more (or less) about or\npass along to the rest of us. We all run across trading techniques, services and products that have proven\nto be useful to some degree under different market conditions. Without a constant source of new ideas\nand subject matter coming from our readers, this magazine would not exist. Each issue is designed to\nhold at least one idea or clarify one subject that should justify your subscription cost.
Dear Kent (N. Kachigan):
I've found your article on Cobweb Dynamics extremely interesting. It certainly demonstrates that the\ntools of neo-classical price theory can be applied to the analysis of individual stocks.
Micro-economic research at Merrill Lynch Economics usually stops at the industry level. Our analyses do\nnot involve the tracking of stocks or stock market behavior. However, I am forwarding a copy of your\narticle to Robert McCabe, who heads up the technical analysis section for ML Securities Research. I am\nsure he will find that your insights have a direct relation to the type of research that he and his group are\nengaged in.
Thank you for sharing this information with us.
Sincerely,
James E. Carlson,
Executive Vice President
Merill Lynch, Pierce, Fenner & Smith Inc.
New York, NY"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-3-2-79-80-letters-to-technical-analysis-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-3-2-79-80-letters-to-technical-analysis-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-3-2-79-80-letters-to-technical-analysis-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v3283stocpro,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-3-chapter-2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 3:2 (83-86): Stock/Commodity Products"",""caption-linebreaks"":""Stock/Commodity Products
The items listed in this section are selected by our editorial staff from the large number of product\nannouncements and news releases sent to us daily. They are presented to keep you informed of current\nmarket trading tools and services. We have not tested many of these products, so appearance here does\nnot necessarily imply endorsement by Technical Analysis of Stocks & Commodities magazine.
Framework Software
Ashton-Tate, IBM (PC DOS)
Price: $695
Framework includes the following modes: Outlining
An innovative and very powerful outline processor can be used as a stand alone organizer or as a\ncompanion to the word processor. Using this outline mode, single ideas can be quickly captured and then\nexpanded into fuller concepts and solutions. Any outline frame or subheading within an outline can be\ninstantly expanded to include text, spreadsheets, graphs or databases. With Framework, your PC is truly a\nthinking machine."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-3-2-83-86-stock-commodity-products-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-3-2-83-86-stock-commodity-products-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-3-2-83-86-stock-commodity-products-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v3311reutcol,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-3-chapter-3"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 3:3 (110-111): Reuters Color Graphics Service by William T. Taylor"",""caption-linebreaks"":""Reuters Color Graphics Service\nby William T. Taylor
Reuters Color Graphics Service
1700 Broadway, 2nd Floor
New York, NY 10019
Paul Catanzarite, Product Manager
(212) 603-3646
Hardware Requirements:
- Reuters Programmable Keyboard
- Color Monitor
- Optional Color Printer
- Reuters Monitor Quote Terminal
- Graphics Contoller
The Reuters Color Graphics Service is for the professional trader who uses various technical indicators\nfor intraday analysis of futures contracts and cash prices, as well as brokers and analysts, who need the\nlatest, authoritative information in a clear and concise graphical and tabular form.
The Reuters Color Graphics Terminal (CGT) is a specially designed computer and graphics device which\ndisplays Reuters real-time, futures prices, news and cash markets, as well as historical financial data. The\nCGT can collect and store information on over 50 financial instruments or futures contracts\nsimultaneously. Users can display many pre-defined graphical analyses of current or historical data. A\nuser-defined formula feature allows the development of custom displays for a user's individual needs."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-3-3-110-111-reuters-color-graphics-service-by-william-t-taylor-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-3-3-110-111-reuters-color-graphics-service-by-william-t-taylor-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-3-3-110-111-reuters-color-graphics-service-by-william-t-taylor-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v3311stocpro,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-3-chapter-3"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 3:3 (111-113): Stocks/Commodity Products"",""caption-linebreaks"":""Stocks/Commodity Products
MAX:GRAFIX
Halliker's Inc.
2508 Grayrock
Springfield, MO 65807
Price: $149.95
MAX:GRAFIX is a sophisticated technical analysis software program for the investment markets.
MAX:GRAFIX displays precision scaled charts on the screen of an Apple II monitor. A unique feature\nallows the scaled chart to be blown up five times with existing trendlines for accuracy of trading. If\ndesired, the user may elect to dump the screen to a dot matrix graphics printer.
Some of the features of the program are:
1) Creates and updates price histories using CSI format.
2) Uses advanced technical tools:"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-3-3-111-113-stocks-commodity-products-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-3-3-111-113-stocks-commodity-products-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-3-3-111-113-stocks-commodity-products-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v3414stocpro,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-3-chapter-4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 3:4 (145-151): Stock/Commodity Products"",""caption-linebreaks"":""Stock/Commodity Products\nCompu/CHART
NewTEK Industries
(213) 874-6669
Computer: CPM or MS-DOS modem
Price: $99.95
Compu/CHART, a market level stock charting program which employs ASCII characters to draw trend\ncharts on a display screen, has an upgrade offering new features. As in prior versions, Compu/CHART\noperates without dependancy on graphics, under CP/M, as well as MS-DOS. The user/chartist enters\nprice information from readily accessed free or fee sources.
The first of the new features is a user modifications routine which allows the chartist to customize the\nprogram to the methods he/she enjoys using. Specifically, the chartist can now assign his/her preferred\nmoving averages while having an opportunity after each chart generation to replot the chart with different\naverages.
In the comparison module, Compu/CHART allows the overlay of up to four different investment\ninstruments at a time. Because of the different display attributes of individual ASCII characters, another\nnew feature provides the ability to change the assigned characters for each of the compared investments,\noptimizing this important charting technique for the individual system and individual preference of the\nuser.
A third new feature is the AfterSave report. After a new entry is stored to the disk file, Compu/CHART\nreads out the new status of the investment. It reports last trade amount, new entry, and the difference\n(higher or lower) in dollar amount and in percentage.
Compu/CHART plots three moving averages on each screen, recomputing them with each new entry;\nallows trial entries; uses the entire 80-column screen to plot the action of 73 trading days (approximately\n3 1/2 months); shows last trade level on chart screen; shows a status line indicating market condition,\nsupport and resistance prices, Buy/Sell alerts; creates any number of data files (not only one for each\nequity, but as many as the chartist desires for different parameters of the same equity: day, week, hour;\nbond issues, futures, etc.); prints a hard copy for last 56trading days on a continuous feed printer or cut\npage; scales any range of values automatically; and compares up to four different equities at a time,\nreminds the user of ex dividend date(s), last trade, status of last trade relative to last entered value ( in\namount and percentage). Prices may be anything with a flow of values: stocks, bonds, futures,\ncommodities, options, etc. The program provides program options via menus and prompts."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-3-4-145-151-stock-commodity-products-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-3-4-145-151-stock-commodity-products-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-3-4-145-151-stock-commodity-products-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v3516combyjo,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-3-chapter-5"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 3:5 (166-166): Compu/CHART by John Sweeney"",""caption-linebreaks"":""Compu/CHART\nby John Sweeney
NEWTEK Industries
P.O. Box 46116
Los Angeles, CA 90046
(213) 874-6669
Price: $95
Computer: Any machine running CPM, PC-DOS, or MS-DOS
As author Jules Brenner well puts it, \""It doesn't serve the CP/M or MS-DOS non-graphics (hardware)\nowner to be told, in essence, that if a chart is to be plotted a new hardware system must be obtained.\""\nThere are those of us to whom spending another $2,500 in hardware to get graphs is offensive. We\nwonder why machines are sold without the gadgets to do the gee-whiz effects so commonly shown in the\nadvertisements. Compu/CHART is a successful attempt to use the basic (i.e., non pixel) screen's\ncapability to give a quick-but-not-too-dirty picture of prices and moving averages.
Compu/CHART provides the capability to manually enter your data in decimal format for 72 trading days\nand then easily update the data as the markets unfold. The database facility is quick and easy to use if\nyou're a good typist. Up to five days of past data can be entered in the update mode at any one time.
Once updated, you immediately enter the charting mode and the screen gives you the price picture of the\ncloses together with two moving averages superimposed on the screen. If you don't like the default 18\nand 32-day averages, you can alter them to your own specifications. No other technical indicators are\nprovided."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-3-5-166-166-compu-chart-by-john-sweeney-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-3-5-166-166-compu-chart-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-3-5-166-166-compu-chart-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v3517stocpro,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-3-chapter-5"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 3:5 (170-171): Stock/Commodity Products"",""caption-linebreaks"":""Stock/Commodity Products\nStockchart-II
Micro Investment Software, Inc.
(209) 952-8833
Micro Investment Software, Inc. has enhanced its OBV analysis software, Stockchart-ll.
One of these enhancements is a conversion utility program for converting CSI commodity data files to\nStockchart-II's file format. This conversion program will enable the investor to use Stockchart-II's OBV\nanalysis and charting routine for analyzing commodity futures and generating commodity charts.
The other enhancement being released is a modified version of the charting program that can be used for\ncharting stock indices in addition to stocks, options, and commodities. The charting program can generate\ndaily, weekly, monthly price charts, trading volume graphs, OBV plots, two user definable moving\naverages and trendlines.
The earlier version of Stockchart-II was released in 1982. The current release version is priced at $249\nper copy with an unconditional 30 day money back guarantee. It requires an IBM-PC, XT, AT or 100%\ncompatibles with graphics, 128K of memory, two floppy disk drives or a single floppy disk drive with a\nfixed disk. Stockchart-II is only available directly from Micro Investment Software, Inc."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-3-5-170-171-stock-commodity-products-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-3-5-170-171-stock-commodity-products-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-3-5-170-171-stock-commodity-products-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v3518tradmit,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-3-chapter-5"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 3:5 (188-188): Tradeplan Mitronix IIC by John Sweeney"",""caption-linebreaks"":""Tradeplan Mitronix IIC\nby John Sweeney
Market Information Inc.
Suite 100
11414 West Center Road
Omaha, Neb., 68144
(800) 228-9683
Hardware: Two-foot dish antenna, controller computer, color monitor, keyboard and Canon PJ-1080A\ncolor printer supplied by Market Information.
Price: $567/month leased plus exchange fees and \""commodity group\"" fees from Market Information
Hey, guys! Look at this thing, will ya!? It must have every bell and whistle possible! I've never seen so\nmuch stuff crammed into one program!
See this button? Instant quotes! Any commodity. Past quotes collected every minute. Or five minutes. Or\ntwo hours. Or about anything in between! Take your pick. Jeez, eight pages of quotes - open, high, low,\nlast, tics, volume, highest opening price for gawd's sake! You just name it...
And looky here - the whole load graphed out with quotes still displayed! One, two, five or ten of those\nlittle beauties. In color. In three or four colors! Criminey! What's left to dream about."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-3-5-188-188-tradeplan-mitronix-iic-by-john-sweeney-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-3-5-188-188-tradeplan-mitronix-iic-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-3-5-188-188-tradeplan-mitronix-iic-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v3619lettote,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-3-chapter-6"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 3:6 (193-193): Letters to Technical Analysis"",""caption-linebreaks"":""Letters to Technical Analysis\nDear Dr. Warren,
The purpose of this letter is to request your help, as the author, to obtain a working version of the\nprogram for Maximum Entropy Forecasting which appeared in the December, 1984 issue of Technical\nAnalysis of Stocks & Commodities.
I have become interested in using a technique such as maximum entropy to evaluate cross-over points to\ntry to eliminate whip-sawing. The initial analysis section published in the July/ August issue seems to be\nfunctioning with the corrections. However, the later section for forecasting from the December issue\nappears to have a glitch. Terms L%, NU, and DL are used in line 1160 without having been defined and\nthe net result is a division by zero error.
Yours truly,
Edward S. Yorkison
Pittsburgh, PA
Dear Edward,
Thank you for your recent letter pointing out a problem with the Maximum Entropy Forecasting routine\npublished in the December 1984 issue of Technical Analysis of Stocks & Commodities magazine. I have\nnot been able to respond earlier due to vacation schedules and pressing business.
Line 1160 of the Forecasting code is a special code adaptation for use within the CompuTrac system and\nis indeed not generic code. We have since determined that most CompuTrac users would prefer using our\ndiskette code versions, and will in the future publish more generic Basic code (the code for the trend\nfollowing method in the June 1985 issue of Technical Analysis of Stocks & Commodities will be\npublished in generic form for example).\nThe problem in line 1160 can be solved by replacing the first part of line 1160 which currently appears\nas:"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-3-6-193-193-letters-to-technical-analysis-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-3-6-193-193-letters-to-technical-analysis-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-3-6-193-193-letters-to-technical-analysis-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v3619stocpro,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-3-chapter-6"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 3:6 (199-200): Stock/Commodity Products"",""caption-linebreaks"":""Stock/Commodity Products\nTaxCalc
TaxCalc Software, Inc.
(817) 738-3122
Price: $150
TaxCalc Software, Inc. (Fort Worth) now incorporates tax changes made for 1985 in a new version of its\ntax planning template for spreadsheets running on the IBM-PC, Apple MacIntosh, and other\nmicrocomputers. Each template works with Lotus 1-2-3 and other spreadsheets for efficient \""what if?\""\nanalysis of tax liabilities. Tax planning templates are also available for Arizona, Illinois, Ohio,Oregon,\nMinnesota, California, New York City and New York State.
The TaxCalc Tax Planner lets CPAs, tax planners and individuals analyze a specific tax situation and\nexamine the alternatives available in the tax planning process. The Tax Planner can also be used as a tool\nin checking tax returns.
TaxCalc is easy to use; users simply fill in the data, which follows the appropriate tax form, and use the\nspreadsheet's recalculate command to post all results. Any or all variables can be changed and the\nspreadsheet can be recalculated to see the effect. And the effect can be observed graphically if TaxCalc is\nused with Lotus 1-2-3, SuperCalc 3, or VisiCalc IV."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-3-6-199-200-stock-commodity-products-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-3-6-199-200-stock-commodity-products-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-3-6-199-200-stock-commodity-products-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v3620mitiicb,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-3-chapter-6"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 3:6 (208-212): Mitronics IIC by John Sweeney"",""caption-linebreaks"":""Mitronics IIC\nby John Sweeney
I'm tired of trying to describe today's sophisticated new products with blocks of print! May my\nformidable high school English teacher (and the writers' union) forgive me, I'm taking up graphics to try\nto do some justice to what is clearly a wholly new level of programming. The program that's driven me to\nthis state? TRADEPLAN on Market Information's Mitronix IIc.
This program is really a result of developmental work done by the folks who brought us COMPUTRAC.\nThey felt they had taken their package of individual studies as far as it could go and, I would suppose, to\nas broad an audience as was likely to be available for such a hacker's delight. They wanted to create a\nprogram that could integrate various trading plan rules, test the rules, and track profitability over the data\nstored in their machine. They had worked with Market Information on their previous products and their\nimplementation on an IBM machine, so their datastream was familiar. All the elements were in place to\ncreate a package usable by the trading \""masses,\"" not just the techno/computer literati. In my opinion,\nthey've I succeeded.
I've decided to devote a good deal of time and effort to this program and programs like it because here\nwe've come to the culmination of a decade of trading software development. Clearly, there will be even\nmore improvements in the future but this program, developed by a leading technical software practitioner\nand vended by a leading datastream supplier, finally brings together many worlds that we traders have\ntried to integrate in our trading plans. Everything about the concept and programming is \""leading edge\""\nso that even traders who don't need to use it should be aware of its organization and capabilities. The\nintegration of functions will probably guide most trading software development in the future."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-3-6-208-212-mitronics-iic-by-john-sweeney-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-3-6-208-212-mitronics-iic-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-3-6-208-212-mitronics-iic-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v3620sidsid1,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-3-chapter-6"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 3:6 (208-212): SIDEBAR: SIDEBAR 1"",""caption-linebreaks"":""SIDEBAR 1\nQUOTE SECTION
PROGRAM one of eight quote pages. The ninth is reserved for ad hoc quotes and quick quotes. (A) The\nquote page is the heart of the system and makes this package usable for a broker as well as a trader. The\ntrading plan pages which parallel the quote pages make it possible to monitor the trading plans of\nseveral accounts as long as they were using a technical system that could be placed on a screen. This\ncould help respond almost instantly to the \""What do we do now?\"" questions."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-3-6-208-212-sidebar-sidebar-1-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-3-6-208-212-sidebar-sidebar-1-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-3-6-208-212-sidebar-sidebar-1-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v3621n2stoca,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-3-chapter-6"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 3:6 (216-217): N2 Stock Analyzer by John Kepka"",""caption-linebreaks"":""N2 Stock Analyzer\nby John Kepka
Every once in a while a product comes along with exceptional capabilities at an attractive price—Stock\nAnalyzer is such a program for stock and futures traders. The program strikes a balance between\ngraphical technical analysis and numerical methods. It requires no elaborate security device to function\nand no secret handshake for the printer. It is fully copyable, has good error trapping, and runs without\nspecial peripherals. It operates right out of the box and is extremely user-friendly. The manual is hardly\nnecessary to use the program which includes a help menu if you get stuck right away. The package is complete with extensive Utilities on a separate disk for flexible data base management at no extra cost.\nThe only extra cost would be the N2 Interface Program to use Dow Jones or Compuserve. If you have\nApple IIc, no extra drive is necessary but a Printographer is required. The manual is short, well written\nand to the point with step-by-step examples to familiarize the user with normal operation. The program is\na 20 on a scale from 1 to 10. It was just a pleasure to run."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-3-6-216-217-n2-stock-analyzer-by-john-kepka-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-3-6-216-217-n2-stock-analyzer-by-john-kepka-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-3-6-216-217-n2-stock-analyzer-by-john-kepka-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v3723lettote,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-3-chapter-7"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 3:7 (232-232): Letters to Technical Analysis"",""caption-linebreaks"":""Letters to Technical Analysis
Gentlemen:
Just received your October issue.
The article by Morris on page 16 contains a gross error; specifically, the RSI formula on mid-page, and\nthe subsequent information which is based on that formula.
Morris' formula (second part) reads:..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-3-7-232-232-letters-to-technical-analysis-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-3-7-232-232-letters-to-technical-analysis-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-3-7-232-232-letters-to-technical-analysis-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v3724sidcycp,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-3-chapter-7"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 3:7 (242-246): SIDEBAR: Cycle plot program listing"",""caption-linebreaks"":""Cycle plot program listing
1 REM \""Cycle Plot Program\""
2 REM FOR APPLE ] [ COMPUTER.
3 REM BY JOHN F. EHLERS
4 REM COPYRIGHT (C) 1985 BY TECHNICAL ANALYSIS, INC.
10 TEXT : HOME"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-3-7-242-246-sidebar-cycle-plot-program-listing-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-3-7-242-246-sidebar-cycle-plot-program-listing-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-3-7-242-246-sidebar-cycle-plot-program-listing-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v3726stocpro,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-3-chapter-7"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 3:7 (262-264): Stock/Commodity Products"",""caption-linebreaks"":""Stock/Commodity Products\nMACTRADER
(312) 262-1318
Computer: Apple MacIntosh (512K)
Richard Batchelor has released MacTrader, trading software combining the powerful graphics of the\nMaclntosh with on-line update of prices and a disclosed trading system. MacTrader runs on a \""fat Mac\""\nusing \""Radio Exchange\"" updates, the same system supporting Pocketquote.
A typical MacTrader display shows two bar graphs (using five minutes to one day per bar) with a moving\naverage oscillator on top, a moving average channel lagged and projected on the bar chart together with\ntwo moving averages, a line showing the systems and indicators in use, an RSI graph with its moving\naverage, and a rolling tape of user selected stocks, options, or futures prices.
MacTrader's trading system uses moving average channels together with oscillators to isolate situations\nwith a high degree of profitable entry. The situations are reviewed by \""rule based\"" system to develop a\n\""consensus of opinion\"" as to similarity of the combination of indicators and price patterns to reasonably\npredictive combinations in the past.
MacTrader is available for the 128K MacIntosh in a single-screen version with disclosed code for $500.\nA 512K manually updated version is $700 with source code and the online version is $1000 without code."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-3-7-262-264-stock-commodity-products-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-3-7-262-264-stock-commodity-products-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-3-7-262-264-stock-commodity-products-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v4113letbyte,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-4-chapter-1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 4:1 (13-13): Letters by Technical Analysis"",""caption-linebreaks"":""Letters by Technical Analysis
Editor:\nClifford Sherry's article on the Gambler's Paradox (better known as the Gambler's Fallacy) in the October\nissue contains a serious error. In using Chi square to test the independence of price changes, Dr. Sherry\ngives the probability of obtaining a sequence of '+,+' or one of '-,-'as 0.1666 and the probability of\nobtaining a sequence of '+,-' or of a ',+' as 0.3333. In any random and independent sequence of events,\neach of which has any probability of 0.5, the probability of obtaining any one of the four possible\nsequences is simply 0.25.
In the sample of 270 days of soybean-meal prices, using the correct probabilities yields a total Chi square\nvalue of 3.88 rather than 51.73, which changes the conclusion of the study completely. Since 3.88 is not a\n\""significant\"" Chi square, there is no reason to conclude that these price changes were non-random. The\nsame correction also applies to the lagged-time Chi square value.
A finer point should also be made. In using Chi square to test for dependencies within sequences, the\noverall trend of the date should be adjusted for. Using 0.5 as the probability of a price increase in the\nsoybean-meal data ignores the fact that there are more price increase days than price-decrease days in the\ndata and confounds the test for dependencies with a test for overall trend. In the soybean-meal data, the\ntotal Chi square is only 0.61 when adjusted for trend.
Finally, traders should note that since Chi square only considers nominal changes in price and ignores the\nmagnitude of those changes, a sequential dependency uncovered by a Chi square analysis may or may not\nbe exploited as a profitable trade.
Sincerely,\nGaylon L. Oswalt, Ph.D.\nOmaha, NE"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-4-1-13-13-letters-by-technical-analysis-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-4-1-13-13-letters-by-technical-analysis-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-4-1-13-13-letters-by-technical-analysis-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v4129hanforn,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-4-chapter-1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 4:1 (29-30): The handbook for no-load fund investors by Bill Dunbar"",""caption-linebreaks"":""The handbook for no-load fund investors by Bill Dunbar
This book is up-to-date and effective in almost all respects. I'd say it's well worth the money to anyone\ninterested in mutual funds. Also, if there is an investor left among us who still thinks he is deriving some\nbenefit from a loading charge, he shouldn't have to read beyond the Preface to be relieved of such\nfantasies. Though it treats the entire span of investment objectives, the emphasis is on \""aggressive\ngrowth\"" and on switching funds every 'one to four years' as required by the rise and fall of individual\nfunds and by the ups and downs of the general market.
The first half of the book is devoted to informative text material including all important aspects of mutual\nfund investing, and terminating with a glossary of mutual fund terms. The authors have made it\ninteresting and convincing with historical sketches, sample graphs and supporting statistics.
The funds are categorized in the usual fashion in accordance with objectives or type of portfolio, i.e.,\naggressive growth, growth, growth-income, income, bonds, municipal bonds, money market, other\nclassifications, closed-end and dual funds."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-4-1-29-30-the-handbook-for-no-load-fund-investors-by-bill-dunbar-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-4-1-29-30-the-handbook-for-no-load-fund-investors-by-bill-dunbar-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-4-1-29-30-the-handbook-for-no-load-fund-investors-by-bill-dunbar-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v4131adcharb,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-4-chapter-1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 4:1 (31-35): The advanced chartist by John F. Kepka"",""caption-linebreaks"":""The advanced chartist by John F. Kepka
The Pardo Corporation\n1615 Orrington, Suite C202\nEvanston, Ill. 60201\n(312) 866-9342\nThe Advanced Chartist $395\nBack-up copy $25\nHardware Requirements:\nApple II+, IIe, IIc, two disk drives\nIBM PC, XT, AT 192K, 2 Drives, DOS 1.1 or higher, color graphics, graphics printer.
Overall, the Advanced Chartist is a top-line, highly sophisticated charting program for stock and futures\ntraders. I refer to it as the \""Stock and Futures Traders' Gann and Fibonacci Etch-a-Sketch Package.\"" If\nyour technical analysis relies heavily on trendlines, channels, Gann support and angles, and Fibonacci\nratios, then this is definitely your type of computer software. Alternatively, if you desire to investigate\nthese tools, this provides an excellent starting point with all of the complex geometrical constructions\navailable at your fingertips."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-4-1-31-35-the-advanced-chartist-by-john-f-kepka-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-4-1-31-35-the-advanced-chartist-by-john-f-kepka-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-4-1-31-35-the-advanced-chartist-by-john-f-kepka-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v4254sidtrad,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-4-chapter-2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 4:2 (54-56): SIDEBAR: Trader's Comment by Tom Sewell"",""caption-linebreaks"":""SIDEBAR: A Trader's Comment by Tom Sewell"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-4-2-54-56-sidebar-trader-s-comment-by-tom-sewell-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-4-2-54-56-sidebar-trader-s-comment-by-tom-sewell-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-4-2-54-56-sidebar-trader-s-comment-by-tom-sewell-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v4254temcats,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-4-chapter-2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 4:2 (54-56): TEM Cattle System by Bruce Babcock, Jr. by Technical Analysis, Inc."",""caption-linebreaks"":""TEM Cattle System by Bruce Babcock, Jr. by Technical Analysis, Inc.
TEM Cattle System\nby William R. Cruz\nOmega Research, Inc.\n444 Brickell Avenue, Plaza 51-202\nMiami, FL 33131 (305) 554-7573\nPrice: $975 for Apple or IBM.\nPrinter recommended (no graphics required)\nSold with unconditional ten-day money back guarantee
Commodity traders have a love affair with mechanical trading systems. In the last ten years, there have\nbeen perhaps five hundred or more sold for prices ranging from $10 to $35,000. If 100 typical traders\nwere given free the best ten systems ever sold, I would guess that only about ten would make money\ntrading commodities during the next year. At the same time, I firmly believe that the only chance for most\ntraders to make consistent profits is to use one or more mechanical systems.
My own trading capital is divided into several segments. The majority is traded by a collection of\nmechanical systems. I am always on the lookout for additional effective systems to diversify my capital.\nThe TEM Cattle System has impressed me enough to start trading it with my own money."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-4-2-54-56-tem-cattle-system-by-bruce-babcock-jr-by-technical-analysis-inc-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-4-2-54-56-tem-cattle-system-by-bruce-babcock-jr-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-4-2-54-56-tem-cattle-system-by-bruce-babcock-jr-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v4274stocpro,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-4-chapter-2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 4:2 (74-76): Stock/Commodity Products by Technical Analysis, Inc."",""caption-linebreaks"":""Stock/Commodity Products by Technical Analysis, Inc.
Savant Corporation\nColor Graphics Card\nThe Technical Investor\n(713) 556-8363\nPrice: $395
Savant Corporation is shipping version 2.1 of The Technical Investor(tm), a technical analysis/charting\nprogram for stock market investors. Designed for use on the IBM PC, XT and AT computers, The\nTechnical Trader v2.1 contains full support for the IBM Enhanced color/ graphics video adapter card.
Customers with the IBM Enhanced graphics card can now use a standard RGB color monitor to plot\nstock charts in 16 colors at 640 by 200 dot resolution. In addition, charting at 640 by 350 dot resolution is\npossible in monochrome or color if the Enhanced graphics card is attached to an IBM monochrome\nmonitor or an IBM Enhanced Color Display, respectively."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-4-2-74-76-stock-commodity-products-by-technical-analysis-inc-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-4-2-74-76-stock-commodity-products-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-4-2-74-76-stock-commodity-products-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v4283winonwa,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-4-chapter-2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 4:2 (83-84): Winning on Wall Street by Technical Analysis, Inc."",""caption-linebreaks"":""Winning on Wall Street by Technical Analysis, Inc.
Summa Software Corporation\nP.O. Box 2046\nBeaverton, Ore. 97075\n(503) 644-3212\nList price: $695\nDiscounted price: about $500\nSummary:\nEase of use: A\nDocumentation: A\nReliability: A\nError handling: B+\nVendor support: A\nHardware Requirements:\nIBM PC or XT\n192 K or more memory (preferably, a lot more)\nColor or monochrome monitor with graphics board\nTwo disk drives\nHayes 1200 or 1200B modem\nGraphics printer\nPC DOS 1.1 or 2.0 or MS-DOS with a graphic dump routine
We've come a long way in a very few years, insofar as technical analysis software is concerned.\nWinning on Wall Street is typical of the new, powerful, well-documented and well thought-out packages\navailable. It's probably the package of choice for a technical analyst who wants a complete package of\nstandard tools integrated with a data management and accounting system. Such a trader really need look\nno further.
Only two years ago, \""leading edge\"" packages arrived on one's doorstep in the form of a virtually\nunprotected, low-quality floppy disk accompanied by four or five pages of copied documentation. Such\ntrading systems are still common. Often the biggest hurdle was getting past the trivia of turning on the\nsystem! Nowadays, that shouldn't happen."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-4-2-83-84-winning-on-wall-street-by-technical-analysis-inc-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-4-2-83-84-winning-on-wall-street-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-4-2-83-84-winning-on-wall-street-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v4413lettote,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-4-chapter-4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 4:4 (130-130): Letters to Technical Analysis"",""caption-linebreaks"":""Letters to Technical Analysis
Fourier Analysis
Editor,
I have an understanding of Fourier analysis from being an old-time EE. Not a lot of depth. I would like\nmore information on the Volume 1 and Volume 2 disks. I have Volumes 1 and 2 of Technical Analysis of\nStocks & Commodities; also an IBM PC.\nDo you have any further literature or a phone number I can use to call you?
ED VILAS - Silver Spring, MD
\nDear Mr. Vilas
Volumes 1 and 2 computer disks are currently only available in Apple II computer format. We intend to\nsupply them as subroutines for IBM DOS at a later date.\nFourier analysis has proven to be an excellent method for optimizing or tuning filters such as moving\naverages or momentum that are commonly used to smooth out daily stock or commodity data. In late\n1980, I obtained some software that purported to implement a Fourier analysis designed for stock and\ncommodity data. I found that it was sorely lacking in all respects a my understanding of Fourier spectral\nanalysis. Therefore, in early 1982, Dr. Warren and I implemented a preprocessed and optimized Fast\nFourier Transform specifically designed for use with stock or commodity data. These routines are\npublished in Volumes 1 and 2 of Technical Analysis of Stocks & Commodities magazine and have been\nproven to be both accurate and reliable over time. - EDITOR"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-4-4-130-130-letters-to-technical-analysis-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-4-4-130-130-letters-to-technical-analysis-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-4-4-130-130-letters-to-technical-analysis-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v4415stocpro,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-4-chapter-4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 4:4 (157-159): Stock/Commodity Products by Techncial Analysis, Inc."",""caption-linebreaks"":""Stock/Commodity Products by Techncial Analysis, Inc.
PROFIT STALKER II\nButton Down Software\nP.O. Box 19493\nSan Diego, CA 92119\n(619) 463-7474\nComputer: Macintosh 512K\nImagewriter Printer\nDatabase: CompuServe\nPrice: $250
Profit Stalker II is the enlarged, revised version of the first technical analysis program for the Macintosh.\nProfit Stalker II offers technical analysis and advanced charting capabilities to the investor. With the\naddition of a modem and a subscription to one of the supported on-line database services, prices can be\ndownloaded—as little as one day or as much as several years—into a database ready to be analyzed\nwithout further manipulation."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-4-4-157-159-stock-commodity-products-by-techncial-analysis-inc-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-4-4-157-159-stock-commodity-products-by-techncial-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-4-4-157-159-stock-commodity-products-by-techncial-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v4517sidbulo,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-4-chapter-5"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 4:5 (177-183): SIDEBAR: Bull or bear market? by Technical Analysis, Inc."",""caption-linebreaks"":""SIDEBAR: Bull or bear market? by Technical Analysis, Inc.
One final study was conducted to see if these daily prices of the high, open, low, and close could be used\nto determine if there was any statistical evidence of bullishness or bearishness on a daily basis."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-4-5-177-183-sidebar-bull-or-bear-market-by-technical-analysis-inc-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-4-5-177-183-sidebar-bull-or-bear-market-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-4-5-177-183-sidebar-bull-or-bear-market-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v4518tradnew,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-4-chapter-5"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 4:5 (184-184): Trade News And Products by Technical Analysis, Inc."",""caption-linebreaks"":""Trade News And Products by Technical Analysis, Inc.
ADP DATA SERVICES\n175 Jackson Plaza\nAnn Arbor, MI 48106\n(313) 995-6400
ADP Data Services has released the Inside Trading Data Base, an on-line source of corporate insider\ntrading information. Updated daily, the Insider Trading Data Base provides financial professionals with a\ntimely, convenient research tool for assessing the market impact of insider trading, and how it may\ninfluence investment decisions.
The Insider Trading Data Base is compiled by the Invest/Net group which has maintained a\ncomprehensive insider trading database since 1983. Daily updates are derived from corporate ownership\nreports filed with the Securities and Exchange Commission. Each Insider Trading transaction includes\ninformation on the company, the insider, and details of the purchase, sale or option. ADP supplements\nthe transaction data with additional stock market price/volume information and preformatted reports."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-4-5-184-184-trade-news-and-products-by-technical-analysis-inc-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-4-5-184-184-trade-news-and-products-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-4-5-184-184-trade-news-and-products-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v4519tradnew,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-4-chapter-5"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 4:5 (198-199): Trade News And Products by Technical Analysis, Inc."",""caption-linebreaks"":""Trade News And Products by Technical Analysis, Inc.
KEY FORECASTER\nKEY DATA\n4415 Cowell Road, Suite 2000\nConcord, CA 94518\nComputer: IBM PC/XT/AT,128K, DOS 2.1 or higher, monochrome or color CRT, printer Software: A\nsupported spreadsheet or database (see below) Price: $79
KEY FORECASTER is a computer program that forecasts data value obtained from spreadsheet files,\ndatabases, or manual entry. It uses several sophisticated techniques to calculate forecasts that require very\nlittle user input. This ease of use is meant to make these sophisticated techniques available to traders who\nhave not been trained in upper-level forecasting."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-4-5-198-199-trade-news-and-products-by-technical-analysis-inc-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-4-5-198-199-trade-news-and-products-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-4-5-198-199-trade-news-and-products-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v4622sidleno,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-4-chapter-6"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 4:6 (225-227): SIDEBAR: The length of runs by Technical Analysis, Inc."",""caption-linebreaks"":""SIDEBAR: The length of runs by Technical Analysis, Inc.
Once you have determined that the number of runs or clusters of like observations (such as a series of\nprice increases) is significant (that is, differs from what you would expect by chance alone), then you can\nexamine the length of the runs. Does the distribution of runs of 1, 2, 3 . . . days differ from what would be\nexpected by chance alone?"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-4-6-225-227-sidebar-the-length-of-runs-by-technical-analysis-inc-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-4-6-225-227-sidebar-the-length-of-runs-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-4-6-225-227-sidebar-the-length-of-runs-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v4623tradnew,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-4-chapter-6"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 4:6 (237-240): Trade News And Products by Technical Analysis, Inc."",""caption-linebreaks"":""Trade News And Products by Technical Analysis, Inc.
GANNTRADER I\nGannsoft Publishing Company\n311 Benton St.\nLeavenworth, WA 98826\n(509) 548-5990
Gannsoft Publishing Company has announced the availability of an introductory version of their\nGanntrader I software package. It is intended for those traders who want to start a study of W.D. Gann's\nmethods. The package contains the complete documentation from the regular Ganntrader I program and\nall program modules except the prices with squares and prices with planets. The program does\nhigh-resolution price charting in days, weeks, months, and quarters following Gann's methods, as well as\ncalculations for his Square of 9, Hexagon charts, and Price and Time support and resistance points. Two\ncomplimentary copies of Phyllis Kahn's Gann Angles monthly newsletter as well as a choice either of\nW.D. Gann's How to Make Profits Trading in Commodities or 45 Years in Wall Street are included with\nthe program."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-4-6-237-240-trade-news-and-products-by-technical-analysis-inc-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-4-6-237-240-trade-news-and-products-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-4-6-237-240-trade-news-and-products-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v4724sweenag,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-4-chapter-7"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 4:7 (249-250): Sweeney Agonistes by Technical Analysis, Inc."",""caption-linebreaks"":""Sweeney Agonistes by Technical Analysis, Inc.
KNOW YOUR TIME-HORIZONS
My Club 3000 buddies and subscribers often ask how I go about trading. The truth is I use only moving\naverages and RSI. These are both \""optimized\"" with time-horizons approximating the cycle length which I\nliterally eye-balled on daily and weekly charts drawn on my Commodore 64 with QuickTrieve software!
Believe me, none of this impresses anyone else. Yet my back-testing and actual trading is consistently\nprofitable. That simple basis is continually being refined these days and that work has convinced me that\nfar more work needs to be done on the time axis of our charts."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-4-7-249-250-sweeney-agonistes-by-technical-analysis-inc-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-4-7-249-250-sweeney-agonistes-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-4-7-249-250-sweeney-agonistes-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v4725lettosc,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-4-chapter-7"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 4:7 (252-253): Letters to S&C by Technical Analysis, Inc."",""caption-linebreaks"":""Letters to S&C by Technical Analysis, Inc.
More on the Computer-Assisted Investment Handbook
Editor,
Thanks for the Computer-Assisted Investment Handbook review in your June issue. However, there are\nsome factual errors that need correction:\n1. It was published in 1983 (not 1982) 2. The Foreign Exchange programs are not \""genuinely trivial\"" (see\npages 134-145 of the handbook). The use of these programs could have successfully forecast the trends in\nforeign exchange rates since generalized floating in March 1973. (Also see Richard & Schumpeter, et.al.)\n3. It is not true that \""no evidence is presented to show . . . refined model is more accurate in predicting . .\n. \"" (See pages 172-179 of the handbook). Also in the lengthy bibliography, there are specific references to\nthree publications by Eugene F. Fama, and also three by Benoit Mandelbrot as referred to in pages\n172-179.\nThank you for your consideration.
ALBERT I.A. BOOKBINDER, PH.D. - Elmont, NY"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-4-7-252-253-letters-to-s-c-by-technical-analysis-inc-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-4-7-252-253-letters-to-s-c-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-4-7-252-253-letters-to-s-c-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v4829sweenag,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-4-chapter-8"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 4:8 (293-294): Sweeney Agonistes by John Sweeney"",""caption-linebreaks"":""Sweeney Agonistes by John Sweeney
FEEDING FRENZY\nI opened my Journal today to find Kidder Peabody explaining \""What is a stock?\"" on the editorial pages.\nMy mother calls to find out if she should be going for \""higher returns in the market.\""
I've not been through a stock market feeding frenzy personally, but it seems to me a lot of ordinary people\nare thinking about throwing money at the stock market. Of course, through their mutual funds and\nretirement plans, they already have thrown a lot of money at the market. With cash inflows in both areas\ngrowing, fund managers seem to be sorely pressed to come up with good buys—but the money must go\nsomewhere."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-4-8-293-294-sweeney-agonistes-by-john-sweeney-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-4-8-293-294-sweeney-agonistes-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-4-8-293-294-sweeney-agonistes-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v4829lettosc,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-4-chapter-8"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 4:8 (298-298): Letters to S&C by Technical Analysis, Inc."",""caption-linebreaks"":""Letters to S&C by Technical Analysis, Inc.
S&C Computer Program
Editor,
Would you please spend a few minutes to reply to my inquiry as to what equipment I will need in order to\nrun the upcoming Stocks & Commodities programs for non-CompuTrac users? I am currently using an\nApple II + with 48K and one disk drive. I have a Panasonic 1091 NLQ dot matrix printer and am\nuncertain as to the interface card.
I wish to be one of the first purchasers in line—as my father was with CompuTrac—for my intention is to\nstart a business on the side using your program. I intend to teach others how to interpret charts technically\nand how to trade using the various indicators provided by the studies published in your journals. I also\nplan to provide prospective clients with charts produced by your software and, if they have their own\nmachine, perhaps to sell them copies of your program (for a mark-up) and then instruct them on set-up,\ninterpretation and data acquisition.
Therefore, I need to know the exact equipment needed and whether I have your approval to proceed with\nmy business plans. Keep up the wonderful job that you and your staff are doing and in the future,\nperhaps, I will have a study to submit.\nThank You,
STEVEN WILKE -Omaha, NE"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-4-8-298-298-letters-to-s-c-by-technical-analysis-inc-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-4-8-298-298-letters-to-s-c-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-4-8-298-298-letters-to-s-c-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v4932lettosc,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-4-chapter-9"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 4:9 (329-330): Letters to S&C by Technical Analysis, Inc."",""caption-linebreaks"":""Letters to S&C by Technical Analysis, Inc.
No Tar Brush
Editor,
I want to congratulate you on the recent improvement of your magazine. It is developing into a valuable\nresource for technical analysts.
Your magazine's October 1986 issues carried a broadside at systems vendors (I sell no systems and have\nno personal interest in this matter). I object to the flippant comments (\""junk mail\"", \""peddling\"", etc.)\nindiscriminately applied to a list of systems developers that included Vilar Kelly. Mr. Kelly is a man of\nknowledge and integrity. After having been a cryptoanalyst in the military and a successful career in the\ncomputer industry, he brought his expertise and integrity to the futures markets. He developed a\nfollowing for his Kelly Hotline by giving people free access to it initially. They benefited from it and\nchose to pay for continued access to the Kelly Hotline.
(The) Futures industry does have its share of cranks, whose ridiculous claims pollute the pages. But we\nneed to be careful not to paint whole segments of the industry with a tar brush. Let us separate the good\nfrom the bad—and treat the good with the respect they deserve.\nSincerely,
ALEXANDER ELDER -New York, NY"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-4-9-329-330-letters-to-s-c-by-technical-analysis-inc-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-4-9-329-330-letters-to-s-c-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-4-9-329-330-letters-to-s-c-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v5124hisdatb,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-5-chapter-1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 5:1 (24-26): Historical Data by Technical Analysis, Inc."",""caption-linebreaks"":""Historical Data by Technical Analysis, Inc.
Tick Data, Inc.\n10260 West 13th Avenue\nLakewood, CO 80215\n(303) 232-3701
Computer: IBM PC (S&P 500, Value Line futures and cash, T-bonds, Soybeans, Swiss Franc,\nDMark); Apple II and CPM formats (S&P 500, Value Line futures and cash)
Price: Tick by tick data: $15 per month per contract.
What we have here is the only source \""in the world\"" of historical tick data for PC users trading\nStandard & Poor's, Value Lines, T-bonds, soybeans, Francs, and DMarks. You folks who are plotting\none-minute bar charts on MarketPlan just thought you were getting close to the market, but you're really\nnot down into the weeds yet! Here is yet another level of detail to be analyzed."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-5-1-24-26-historical-data-by-technical-analysis-inc-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-5-1-24-26-historical-data-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-5-1-24-26-historical-data-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v5128cominso,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-5-chapter-1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 5:1 (28-47): Computer Investment Software by Technical Analysis, Inc."",""caption-linebreaks"":""Computer Investment Software by Technical Analysis, Inc.
A/R Graphics\nREINHART INDUSTRIES\n1250 OAKMEAD PKY STE 210\nSUNNYVALE, CA 94088\n408-738-2311
This is a program used by investors to determine their daily orders and to test out their trading methods. It\ndraws the following lines: Schiff, Andrews Median Lines, Trend & Parallel lines, Moving Average\nChannel Lines, Angles, Gann Lines, Fibonacci Time Cycle lines, Action Reaction lines, and more. Adds\nup to 30 days on the screen without redrawing lines or reloading data. Converts daily data to weekly or\nmonthly. Menu driven, and comes with CSI compatible data. For use on the IBM or Apple. Cost: $595."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-5-1-28-47-computer-investment-software-by-technical-analysis-inc-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-5-1-28-47-computer-investment-software-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-5-1-28-47-computer-investment-software-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v51031quicsc,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-5-chapter-10"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 5:10 (312-313): Quick- Scans by Technical Analysis, Inc."",""caption-linebreaks"":""Quick- Scans by Technical Analysis, Inc.
MILLIONAIRE II\nBlue Chip Software\n(800) 572-2272\nMillionaire II is a follow-on to the successful first version. It comes pleasantly packaged with a comic\nbook for you or your child's guidance through an orientation to the stock exchange and a disk to pop in\nyour machine (IBM, Apple Macintosh). Type \""START\"" and you're in business.
The latest version of the game runs more quickly than the first and more levels of sophistication are\ninvolved. That is, you can go immediately to doing everything from selling short to buying puts and calls.\nIn some past games you had to work your way up to that level using nothing but buy orders! Here, the\nonly thing I couldn't figure out was how to sell options which is my preferred tactic.
I didn't bother to read the manual (the disk told me how to boot it), but found myself staving off a bear\nmarket quickly. After another 16 weeks I saved the game and signed off with only one complaint: \""BUY\""\nand \""SELL\"" in the menus don't mean buy and sell. They mean \""open a position\"" and \""close a position,\""\nrespectively. This confusion of terminology cost me a couple of margin calls on losers I thought I'd\ncleaned out with reversing orders."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-5-10-312-313-quick-scans-by-technical-analysis-inc-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-5-10-312-313-quick-scans-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-5-10-312-313-quick-scans-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v51031lettos,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-5-chapter-10"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 5:10 (314-315): Letters to S&C by Technical Analysis, Inc."",""caption-linebreaks"":""Letters to S&C by Technical Analysis, Inc.
FRASER OUT
Editor,
We talked today regarding the citation of Fraser Financial Publications in the August issue of Stocks &\nCommodities. This firm was stated as a source of books or pamphlets on the Wykcoff Method. However,\nno address or telephone number was given for Fraser Financial Publications. I would appreciate your\nsending me a card with this information when you locate it.
CHARLES MARCELLUS -New York, NY"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-5-10-314-315-letters-to-s-c-by-technical-analysis-inc-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-5-10-314-315-letters-to-s-c-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-5-10-314-315-letters-to-s-c-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v51034sidhan,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-5-chapter-10"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 5:10 (340-344): SIDEBAR: Hannula Scale by Technical Analysis, Inc."",""caption-linebreaks"":""SIDEBAR: Hannula Scale by Technical Analysis, Inc.
Hannula Scale"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-5-10-340-344-sidebar-hannula-scale-by-technical-analysis-inc-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-5-10-340-344-sidebar-hannula-scale-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-5-10-340-344-sidebar-hannula-scale-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v51134lettos,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-5-chapter-11"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 5:11 (348-349): Letters to S&C by Technical Analysis, Inc."",""caption-linebreaks"":""Letters to S&C by Technical Analysis, Inc.
Not Ready for IBM
Editor,
Do you know of any program for MACD, either in the conventional form or modified form (Gregory\nMorris, Stocks & Commodities, February 1987) that is available in BASIC for the IBM and is compatible\nwith the program that you and John Ehlers have written? I want to be able to bring up the MACD in to do\nis to be able to bring up MACD in histogram form on a split screen with a standard bar chart above it,\nincorporated in Ehlers system.\nI would also like to thank you for your kind suggestion that I get an IBM AT instead of an XT. I found a\ngood used one, and it is quite the machine ! (Now, if I can just scrounge up enough money to buy an\nenhanced graphics color board and EGA monitor!)
ROSS W. CAMPBELL"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-5-11-348-349-letters-to-s-c-by-technical-analysis-inc-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-5-11-348-349-letters-to-s-c-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-5-11-348-349-letters-to-s-c-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v51138blacmo,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-5-chapter-11"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 5:11 (384-384): Black Monday Postscript by Technical Analysis, Inc."",""caption-linebreaks"":""Black Monday Postscript by Technical Analysis, Inc.
The record plunge that took the Dow Jones Industrial Average to 1738.7 on Monday, October 19,1987\nwill replay itself in the nightmares of traders for many years to come. However, most technicians saw it\ncoming and followed their indicators onto the sidelines well before the carnage started.\nOn the day after the fall, when volatility was extraordinary and the trading floor was still bloody, we\ncalled some of the top technical analysts to inquire after their financial health. They were, without\nexception, watching the Exchange from a safe distance."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-5-11-384-384-black-monday-postscript-by-technical-analysis-inc-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-5-11-384-384-black-monday-postscript-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-5-11-384-384-black-monday-postscript-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v5256sidstat,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-5-chapter-2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 5:2 (56-58): SIDEBAR: Statistical vs. practical significance by Technical Analysis, Inc."",""caption-linebreaks"":""SIDEBAR: Statistical vs. practical significance by Technical Analysis, Inc.
Let's look more closely at practical significance when using chi-square methodology. First, you need to\nspecify two different hypotheses. They are frequently called the null and alternate hypotheses. In this\ncase, the null hypothesis would be that prices are not random, and the alternate hypothesis would be that\nprices are random. What level would the chi-square statistic have to reach in order for you to reject the\nnull hypothesis and accept that prices are random?"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-5-2-56-58-sidebar-statistical-vs-practical-significance-by-technical-analysis-inc-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-5-2-56-58-sidebar-statistical-vs-practical-significance-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-5-2-56-58-sidebar-statistical-vs-practical-significance-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v5382lettosc,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-5-chapter-3"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 5:3 (82-84): Letters To S & C by Technical Analysis, Inc."",""caption-linebreaks"":""Letters To S & C by Technical Analysis, Inc.
Hamon Praise
Editor,
You recently published a letter critical of J.D. Hamon's Advanced Commodity Trading Techniques. I have\nused Mr. Hamon's book religiously for approximately six years and strongly recommend it to anyone\ninterested in trading futures. Whatever successes I have experienced in the markets are directly\nattributable to Mr. Hamon.\nSincerely,
WILLIAM G. RHYNE -Atlanta, GA"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-5-3-82-84-letters-to-s-c-by-technical-analysis-inc-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-5-3-82-84-letters-to-s-c-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-5-3-82-84-letters-to-s-c-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v5388sweenag,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-5-chapter-3"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 5:3 (88-88): SWEENEY AGONISTES by John Sweeney"",""caption-linebreaks"":""SWEENEY AGONISTES by John Sweeney
I must start off this issue with an apology. In the November 1986 issue, Frank Tarkany published\nevidence of non-randomness and serial dependence in Dow Jones prices. The Figure 7 we published,\nwhich estimated the trading windows at confidence levels from 95% to 99.5% was just a repeat of Figure\n6. Below is the correct Figure 7. Frank's article, which defines the time horizon within which we may\nreasonably expect to define effective trading strategies, clearly deserved far better treatment. Once again,\nmy apologies for this error.
Recently revived is the Foundation for the Study of Cycles (124 South Highland Avenue, Pittsburgh, PA,\n15206-1666 (412) 441-1666) with a new director, Dr. Jeffrey Horovitz, and a new push from its board to\nexpand membership and promote the study of cycles."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-5-3-88-88-sweeney-agonistes-by-john-sweeney-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-5-3-88-88-sweeney-agonistes-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-5-3-88-88-sweeney-agonistes-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v5393sidhowd,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-5-chapter-3"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 5:3 (93-98): SIDEBAR: How digital filters work by Technical Analysis, Inc."",""caption-linebreaks"":""SIDEBAR: How digital filters work by Technical Analysis, Inc.
Filters are tools for \""tuning into\"" parts of the total energy contained in an information stream. For\nexample, all of the information transmitted on the AM radio stations near you arrives at your car radio. If\nyou tried to listen to it all, you would hear a terrible, useless din. But with your radio's dial, you can\nadjust the \""center frequency\"" of the radio's filter, and select the one station you want to hear. In essence,\nthe filter operates as an electronic door, which can be slid along the dial, letting some of the energy\nthrough. If the door is shaped properly, only one station at a time can get through."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-5-3-93-98-sidebar-how-digital-filters-work-by-technical-analysis-inc-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-5-3-93-98-sidebar-how-digital-filters-work-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-5-3-93-98-sidebar-how-digital-filters-work-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v5412lettosc,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-5-chapter-4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 5:4 (120-120): Letters To S&C by Technical Analysis, Inc."",""caption-linebreaks"":""Letters To S&C by Technical Analysis, Inc.
Where are we?
Editor,
I enjoy S&C and look forward to each new issue, including articles by guys getting off on esoteric\nconcepts that hardly anyone will ever bother with. Although I enjoy the theory, I do find it difficult to\nunderstand the prevailing nuts and bolts philosophy of the S&C editorial staff concerning: can an\ninformed, \""off-the-floor\"" speculator make any money in commodities? The February 1987 issue has a\nglowing critique of some Gann software. It also contains Schwager's skepticism regarding most things.\nJohn Sweeney is a part-time skeptic. Bruce Babcock is skeptical of everything except what he sells...etc.\nIn every issue we get both points of view. Where are you?
S. SMITH -San Francisco, CA"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-5-4-120-120-letters-to-s-c-by-technical-analysis-inc-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-5-4-120-120-letters-to-s-c-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-5-4-120-120-letters-to-s-c-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v5413sidretc,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-5-chapter-4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 5:4 (132-135): SIDEBAR: Retracement corrections by Technical Analysis, Inc."",""caption-linebreaks"":""SIDEBAR: Retracement corrections by Technical Analysis, Inc.
In the \""real\"" world, markets seldom trace out patterns exactly as our technical forecasting approaches\nwould have them behave. I find it's true in calculating ideal retracements, as well. But another advantage\nof this method is recognizing when price action is deviating or moving away from the projected\ncorrection pattern."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-5-4-132-135-sidebar-retracement-corrections-by-technical-analysis-inc-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-5-4-132-135-sidebar-retracement-corrections-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-5-4-132-135-sidebar-retracement-corrections-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v5414sidcomc,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-5-chapter-4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 5:4 (144-147): SIDEBAR: Complete computer trading program"",""caption-linebreaks"":""SIDEBAR: Complete computer trading program
10 REM COMPLETE TECHNICAL ANALYSIS BY JOHN F. EHLERS\nMODIFIED BY JACK K. HUTSON"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-5-4-144-147-sidebar-complete-computer-trading-program-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-5-4-144-147-sidebar-complete-computer-trading-program-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-5-4-144-147-sidebar-complete-computer-trading-program-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v5515lettosc,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-5-chapter-5"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 5:5 (157-157): Letters To S&C by Technical Analysis, Inc."",""caption-linebreaks"":""Letters To S&C by Technical Analysis, Inc.
COMMENTS
Editor,
In response to your editorial in the March issue of STOCKS & COMMODITIES, I would like to offer a\nfew comments and suggestions.
I enjoy your magazine very much, but I think it could be improved. I would like to see more articles\ndescribing new or improved trading systems and indicators. The mathematics should be described in\ncook-book fashion and an example given. This way everyone would understand exactly how to calculate\nthe indicator or system. A table should be included showing date and exact price when buy and sell\nsignals were given. The reader can then judge how profitable the system or indicator has been. Arrows on\na chart showing buy and sell signals can be deceiving. As a trader, I am interested in articles that will\nteach me something new that I can use in my trading next week and hopefully make money with.
I would like to see less in the way of articles under the heading \""Using Statistics,\"" especially articles by\nFrank Tarkany and Clifford Sherry. As a trader, these articles haven't helped me one bit. They are not\nwritten by traders.
I enjoy reading the letters from your readers. Interviews and new product reviews also interest me. I think\nthe Liquidity Report on Stocks is a waste of space.\nI hope you find these few comments and suggestions helpful and will use some of them in the future.\nKeep up the good work.
THEODORE HALATSIS -Vancouver, Canada"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-5-5-157-157-letters-to-s-c-by-technical-analysis-inc-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-5-5-157-157-letters-to-s-c-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-5-5-157-157-letters-to-s-c-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v5619lettosc,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-5-chapter-6"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 5:6 (191-191): Letters To S&C by Technical Analysis, Inc."",""caption-linebreaks"":""Letters To S&C by Technical Analysis, Inc.
ON THE BALANCE
Editor,
Hope I qualify as a new subscriber, although I am not a \""brand-new\"" subscriber.\nFor the sake of balance, you might try countering those Ph.D. articles with an occasional piece by a high\nschool dropout.
WAYNE H. ROBERTS -Atlanta, GA
Good idea! However, the Ph.D's seem to be more prolific."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-5-6-191-191-letters-to-s-c-by-technical-analysis-inc-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-5-6-191-191-letters-to-s-c-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-5-6-191-191-letters-to-s-c-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v5620sidcomc,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-5-chapter-6"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 5:6 (203-206): SIDEBAR: Complete computer trading program by Technical Analysis, Inc."",""caption-linebreaks"":""SIDEBAR: Complete computer trading program by Technical Analysis, Inc.
10 REM COMPLETE TECHNICAL ANALYSIS\nBY JOHN F. EHLERS\nMODIFIED BY JACK K. HUTSON"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-5-6-203-206-sidebar-complete-computer-trading-program-by-technical-analysis-inc-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-5-6-203-206-sidebar-complete-computer-trading-program-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-5-6-203-206-sidebar-complete-computer-trading-program-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v5621telstoc,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-5-chapter-6"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 5:6 (218-221): Telescan Stock Evaluation Service by John Sweeney"",""caption-linebreaks"":""Telescan Stock Evaluation Service by John Sweeney
Telescan\n2900 Wilcrest, Suite 400\nHouston, TX 77042\n(713) 952-1060
Service: Charting and technical analysis software (together with news and fundamental data) using a\nproprietary stock/mutual fund database.
Price: $49.95 plus connect time at $.60/minute in prime time and $.30/minute in non-prime time at\n1200 baud.
Equipment: IBM PC/XT/AT or 100% compatible with 256K of memory, hard disk or double-sided\ndisk drive, MS-DOS 2.1 or higher, Hayes or Hayes-compatible modem (1200 or 2400 baud), IBM\ncolor graphic adaptor or EGA or Hercules monochrome adapter board, about 256K of storage, not\ncopy protected.
Ratings:\nLevel of analysis: Intermediate\nEase of use: A\nCustomer: A\nDocumentation: C\nReliability: B\nError Handling: B"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-5-6-218-221-telescan-stock-evaluation-service-by-john-sweeney-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-5-6-218-221-telescan-stock-evaluation-service-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-5-6-218-221-telescan-stock-evaluation-service-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v5722lettosc,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-5-chapter-7"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 5:7 (229-230): Letters To S&C by Technical Analysis, Inc."",""caption-linebreaks"":""Letters To S&C by Technical Analysis, Inc.
Edit Errors
Editor,
The articles in your magazine are usually so well written that they are interesting to read even though the\nreader may not agree with the contents. The article written by William Eng was therefore most surprising.
It would have been an act of kindness to either edit it or not print it. The English language was much\nabused by Mr. Eng, and his writing style showed much confusion in use of words.
For instance: page 23, column 1, last paragraph. The quote \""It's none of your goddamn business!\"" is\nuttered 1) matter-of-factly, 2) with abruptness, 3) caused emotional pain, 4) in anger. In these sentences\nthe author has described one response in four different ways. Talk about contradictions.
Is it possible that most people would not know a legendary trader? If so, he would hardly be legendary,\nwould he? (Column 1, second paragraph.)\nIf someone is straightforward, I do not believe he would be \""from the hip.\"" Maybe from the heart, or the\nbrain, but not the hip. (Column 2, first paragraph.)\nI imagine a trader who is broke 28 out of 30 years could be legendary—a legendary flop—hardly one to\nemulate or write about.\nThe fourth paragraph of this article is so weird it is difficult to determine if the word \""stature\"" refers to\nthe man's station in life or his height. I am sure the word \""inordinately\"" in paragraph 3 is misused. Does\nthe author really mean excessively? Didn't he mean invariably?\nI could go on and on but you get the picture. The article is a mess and I am not quite sure why it was\npublished.
LLOYD SMALL -E. Meadow, NY"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-5-7-229-230-letters-to-s-c-by-technical-analysis-inc-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-5-7-229-230-letters-to-s-c-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-5-7-229-230-letters-to-s-c-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v5826lettosc,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-5-chapter-8"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 5:8 (260-261): Letters To S&C by Technical Analysis, Inc."",""caption-linebreaks"":""Letters To S&C by Technical Analysis, Inc.
Schwager on Schwager
Editor,
I always get a kick from seeing references to my articles (or interviews) in the \""Letters to S&C'' column.\nIt reminds me of the line about the suspense involved in watching the 1962 Mets. \""Whenever there was a\nfly ball, you knew someone was going to drop it, but you didn't know who.\"" Well, in my case, I know I'm\ngoing to be misquoted—I just never know how. Sheldon Smith (June 1987, \""Letters to S&C\"") quotes me\nas follows: \""He then makes the statement that he has a block on trading: for him nothing works.\"" Where\ndoes Mr. Smith get his issue of STOCKS & COMMODITIES from— the Twilight Zone? I never made\nsuch a statement, nor do I believe it is true. Yes, in substance I did say or imply that I am not a \""great\""\ntrader, I've never developed a \""great\"" system, and my market calls are not always right. Nevertheless, I\nam a winning trader, I have developed good trading systems, and I've made enough good market calls to\nbe in my current position (Director of Futures Research and Managed Trading at Paine Webber) or\ncomparable positions since 1973. I don't see any contradiction between this reality and the substance of\nmy statements.
As for Mr. Smith's suggestion that I do my own company a favor and find another occupation, I am\nconfident that very few commodity brokers at Paine Webber would share that assessment. Finally, with\nregard to refusing royalties from my book, I can assure Mr. Smith that I have a very clear conscience on\nthat score. I did not write my book to make money. If that were my motive, I could have sold twice as\nmany copies by leaving out the hard stuff, cutting the length in half, and using a sexier title. My goal was\nto write the best general book on the futures markets, and to do so from a perspective of the real trading\nworld (i.e., not an academic treatise). It is not only my belief, but the opinion expressed by every review\nof the book that I have ever seen, that readers get their money's worth.\nThere is enough hype in our business without my contributing to it. I think Mr. Smith has confused the\ndifference between honesty and failure.
JACK SCHWAGER
Dir. of Futures Research &\nManaged Trading\nPaine Webber, Inc."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-5-8-260-261-letters-to-s-c-by-technical-analysis-inc-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-5-8-260-261-letters-to-s-c-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-5-8-260-261-letters-to-s-c-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v6110lettosc,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-6-chapter-1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 6:1 (10-10): Letters to S&C"",""caption-linebreaks"":""Letters to S&C
Overbought/Oversold
Editor,
I read with interest the letter from George N. Bower on the Overbought/Oversold indicator, in which Mr.\nBower referred to the indicator's publication as a possible \""con\"" on the reader, or the reader's sensibility. I\nhave incorporated the indicator into my own trading system with some success, but do not choose to rely\non it wholly.
I use the indicator to tell me what the likelihood of a substantial move in the general market is in the near\nfuture, not as a specific buy/sell signal, the use Mr. Bower apparently tested the indicator under. In\nmutual fund timing the indicator has a good record, having called the last three major moves of the\nmarket in advance by a period long enough to allow action in the form of trading out of downside\ninvestments and into upside investments. I would never think of basing a trade on the advice of a single\nindicator, preferring instead to find at least a little corroborating evidence before risking money.
While I realize that this seems somewhat \""soft\"" to all the heavily programmed traders, the action in\nmutual funds allows somewhat less heavy interaction in the market and saves time.
I would like to extend to all of your readers the use of my bulletin board, Investment Heaven, for\nwhatever use they may see fit (within the constraints of the law, of course!). The system is dedicated to\nthe needs of the individual investor, and has been running for 11 months now. The BBS is available for\nno fee currently, and is on-line from 9:00 p.m. to 8:00 a.m. PST (Reno, Nevada time). The system\naccepts calls at 2400, 1200 and 300 baud, and has conferences set up for most investment types. The\nphone number is (702) 348-0998. Please do not call at times other than those listed; we anticipate going\nto 24-hour availability soon!
Thank you for your fine magazine. I have enjoyed it immensely.
LAURENCE D. HAMMER
SYSOP, Investment Heaven BBS
Reno, NV"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-6-1-10-10-letters-to-s-c-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-6-1-10-10-letters-to-s-c-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-6-1-10-10-letters-to-s-c-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v61036lettos,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-6-chapter-10"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 6:10 (362-362): Letters To S&C"",""caption-linebreaks"":""Letters To S&C
Volatility via Black-Scholes
Editor,
I have all the S&C magazines. In the July 1988 issue, \""Trading Clues from Options Volatility,\"" David\nCaplan says he uses a \""modified\"" Black-Scholes model. Is this model defined in any of the back issues of\nS&C? Can I get the formula from textbook in the local library? Would you explain it in letters to S&C in\nthe next issue?
JOHN CLINCH
Los Angeles, CA
When I mentioned in the article that I use a \""modified\"" Black-Scholes model, it could be more properly\nstated that the computer programs I rely on to compute volatility use this model. I do not have the\nformula they use. Additionally, what is most important is not the exact method used, but comparison of\nrelative volatility levels. Any of the various volatility formulas will work equally well for us in this regard. —David Caplan
A vote for comparison
Editor,
Regarding your July 1988 issue's offer on page 18 (\""Quick-Scans\""), yes please make a comparison for us\nbetween RTR's database (2 levels) and Telescan, but note that Telescan has come out with a new version\nduring the past month that includes more indicators (including McClellan Oscillator).
PALMER WRIGHT
Austin, TX"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-6-10-362-362-letters-to-s-c-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-6-10-362-362-letters-to-s-c-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-6-10-362-362-letters-to-s-c-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v61140lettos,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-6-chapter-11"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 6:11 (400-401): Letters To S&C"",""caption-linebreaks"":""Letters To S&C
Adam Theory
Editor,
I refer you to the August 1988 issue and, in particular, to your review of J. Welles Wilder Jr.'s book on\nThe Adam Theory of Markets.
I would like to purchase the book, however I do not have an address. Could you please forward the\naddress to me?
JEOFF SCOTS
New South Wales, AUSTRALIA
The book is available from Trend Research, 5615 MeLeanville Rd., McLeansville, N.C. 27301, (919)\n698-0500. -Ed.
Back issues
Editor,
You recently were very kind to send me the first two volumes of S&C reprints to support my research for\nan upcoming article. I was impressed with these nicely bound books. The index in front and elimination\nof the advertising makes access to all of the articles very easy.
I recommend the S&C reprint volumes to all of your readers as a valuable resource library, even if they\nsave all of their magazines as I do. Please accept my order for all volumes.
JOHN EHLERS
Goleta, CA"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-6-11-400-401-letters-to-s-c-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-6-11-400-401-letters-to-s-c-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-6-11-400-401-letters-to-s-c-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v61243lettos,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-6-chapter-12"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 6:12 (438-439): Letters To S&C"",""caption-linebreaks"":""Goaded
Editor,
I'd rather Stanley Kroll's program remained a well-kept secret, but Alexander Elder's condescending\nreview of Kroll's latest book (S&C, August 1988) has goaded me to speak out. Elder would have us\nbelieve that Kroll \""struts\"" and touts a system which delivers \""anything your heart desires, short of curing\nbaldness.\""
Kroll's basic message is discipline: following ANY system with discipline is liable to provide profits.\nKroll cannot be faulted for mentioning that the system he uses helps one guard against a multitude of\ncommon pitfalls. I don't recall his claiming in the book that it is \""his\"" system, which I think shows\nremarkable circumspection on his part.
In the course of my search for technical analysis programs, I spoke with a number of program authors\nincluding Bob Pardo, Bruce Babcock and Stanley Kroll. Personal style may not be a great indicator of\nprogram value, but Kroll has to be a benchmark. I've run across more than my share of carnival\nhucksters; Kroll isn't one of them.
Prior to purchasing the Kroll/Wilder system a couple of years ago, I had spent kilobucks and almost as\nmany hours on Swing Trader. Despite diligent study of the confusing backup material, frequent phone\ncalls to Pardo Corp. and a ton of computer paper and printer ribbon, I was never comfortable with the\nsystem. I was kept on the hook for about a year and a half with promises of updated versions (\""faster,\nmore reliable, better backup\"") always on the horizon. After purchasing updates at considerable extra\nexpense, I chucked it. (I still get calls and mailings offering astonishing improvements, just send in\nhundreds of dollars more.)
In contrast, Kroll's program provides lucid backup material; he offers to mail out any program updates\nwithout additional cost (and has); and makes himself available for questions and no-hype encouragement\neven after the money is in hand. What a difference from the usual wham-bam-thank-you-ma'am!
Kroll's book is as valuable as the reader wishes to make it. The advice he offers is generally available in\nprint elsewhere (indeed, especially Liver-more), but the \""series of disjointed episodes\"" and \""market\nanecdotes\"" which Elder scorns provide the catalyst for drawing the reader's own imagination into the\napplications of the basic advice. What else could one want, except for more?
NANCY ENGLAND
Oak Ridge, TN"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-6-12-438-439-letters-to-s-c-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-6-12-438-439-letters-to-s-c-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-6-12-438-439-letters-to-s-c-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v61244quicsc,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-6-chapter-12"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 6:12 (440-442): Quick - Scans"",""caption-linebreaks"":""QUICK - SCANS
MASTER CHARTIST FOR THE IBM
Roberts-Slade, Inc.
750 North 200 West, Suite 301B
Provo, Utah 84601
(801) 375-6847
Service: On-line quote, graphics and technical analysis.
Computer: IBM AT or higher, 640K, hard drive, 4MB for program and data files; EGA, VGA or\nHercules Color; two serial ports, a serial mouse (MicroSoft or LogiTech), one parallel port for printer\nand security device.
Price: $1,590 + annual support fee.
A hot program for the Apple Macintosh world has been translated into the IBM world. Master Chartist is\na true breeze and truly powerful, lacking only a formula generator to be an institutional level system.
Like many on-line systems, Master Chartist handles quotes and graphics with one or many screens adding\nthe fillip that you could plot data as bars, lines or ticks. Zooming, trendlines, parallels, regression lines,\nGann lines — you name it and, unless you're an astro trader, it's here, including Market Profile data in\njust about any time division."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-6-12-440-442-quick-scans-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-6-12-440-442-quick-scans-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-6-12-440-442-quick-scans-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v61246sectos,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-6-chapter-12"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 6:12 (466-469): The secrets to stock option success by Patrick D. Bosold"",""caption-linebreaks"":""The secrets to stock option success\nby Patrick D. Bosold
Author: Kenneth R. Trester
Publisher:
Institute for Options Research, Inc.,
P.O. Box 12340
Reno, NV 89510
(800) 334-0854, Ext. 840
Contents: Ten cassette tapes, 270\npage manual, Future Value Tables,\nIndex Options booklet, three-month\nnewsletter subscription, bonus cassette,\nthree special reports.
Price: $299
Does this options investment scenario sound familiar? Investor (beginner or veteran) gets \""hot tip\""\nabout a pending event that should create a big move in a company's stock or the entire market -or- a\nfriend, broker or financial talk show host advises investor to buy an option on the company's stock or a\nstock market index, to leverage an investment and make big bucks fast.
Investor buys an option on stock or index.
Investor loses the entire investment, or even more if option writing was part of the strategy -or- even\nworse, investor gets lucky and option investment delivers big payoff. Investor gets excited, blows all the\nprofits and more investment capital into options and really gets burned."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-6-12-466-469-the-secrets-to-stock-option-success-by-patrick-d-bosold-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-6-12-466-469-the-secrets-to-stock-option-success-by-patrick-d-bosold-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-6-12-466-469-the-secrets-to-stock-option-success-by-patrick-d-bosold-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v6244lettosc,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-6-chapter-2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 6:2 (44-45): Letters To S&C"",""caption-linebreaks"":""LETTERS TO S&C\nNovice Plan
Editor,
I was reading one of the back issues of Stocks & Commodities (April 85) when I came across your article\n\""Novice Speculator Trading Plan.\"" In it you offered to share the plan you were referencing; if the offer is\nstill good, I would greatly appreciate a copy.
I am on the verge of diving into the commodities trading business as a day trader and trying to prepare\nmyself. So if you have any plan specifically tailored to day trading or others you found interesting and are\nwilling to share, please include them.
Great magazine, keep up the good work.
ROBERT B. BOONE
Sorry Mr. Boone, but this is no longer available. I'd build one of your own using the article and the\nreferences from the article."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-6-2-44-45-letters-to-s-c-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-6-2-44-45-letters-to-s-c-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-6-2-44-45-letters-to-s-c-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v6384lettosc,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-6-chapter-3"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 6:3 (84-86): Letters To S&C"",""caption-linebreaks"":""LETTERS TO S&C
Profit Taker
Editor,
In the August 1987 issue of Stocks & Commodities magazine (pages 42-45) you reviewed the software\nprogram Profit Taker but did not provide an address or telephone number.
I would like additional information on this program. Would you please send me their address and\ntelephone number?
RONALD FINKBEINER
La Crosse, Wl
More about Profit Taker can be had from developer Louis Mendlesohn's company: Investor's Growth\nCorp., 50 Meadow Lane, Zephyr Hills, FL 34249 (813) 973-0496. - Ed.
Not so quick Quickbasic
Editor,
I just received my Quickbasic 4.0 update. QB3.0 is fantastic. A great editor, unbelievable speed. On it my\noptimization program takes 27 seconds (11 to compile, 16 to run). On QB4.0 that program takes 83\nseconds! I average about 100 programs run every day. Losing 56 seconds on every run for 100 runs\nwould cost me about 1 hour 33 minutes every day. If speed is your #1 priority, as it is for me and most of\nmy friends, I would advise against ordering a QB4.0 update and for hunting up a QB3.0 if you buy a new\none. This is my first bad experience with Microsoft. QB4.0 must have new advantages that offset the loss\nof speed for some people.
CHARLES M. LARSON
Whittier, CA
Yes, Quickbasic 4.0 does have new advantages. Whether or not they offset the loss of speed depends on\nyour application. QB4.0 uses the new IEEE standard floating point, which enables much higher precision.\nThus, while the number-crunching programs tend to drag their feet with QB4 .0, you will not likely\nexperience the sort of errors that could result from \""loose\"" decimal rounding in QB3.0. With some\niterative programs, this improved accuracy can mean the difference between success, and failure in the\nreal world of trading -Ed."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-6-3-84-86-letters-to-s-c-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-6-3-84-86-letters-to-s-c-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-6-3-84-86-letters-to-s-c-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v6387quic,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-6-chapter-3"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 6:3 (87-88): Quick-Scans"",""caption-linebreaks"":""QUICK-SCANS
I.Q. MASTER
Westport Research Associates, Inc.
6102 Arlington
Raytown, MO, 64133
(800) 255-8310
(816) 358-8990
Price: $1,275 (exchange fees extra)\nEquipment: IBM XT/AT or compatible with 640K of memory, hard disk drive (or two floppies), and\nEGA color or Hercules monochrome display.
How about a quote machine working in the background of your PC? It sits there on its own board\ncollecting and storing information from a satellite feed until you want to see what's happening in the\nmarket. Then you call it up and you suddenly have real-time quotes and charts right before your eyes—as\nwell as some popular indicators on the chart. If you'd like some background, full textual news pages are\nconstantly updated on everything from financial markets to the 5-minute old crop USDA crop report.\nYou can even get mail directly from your trading advisor over the private mail feature!
Stocks & Commodities has had Westport's system running on an XT for about four months and it's\nawfully convenient. It's the only Beta test version I've ever seen that never had any bugs and worked\nwithout tinkering. In fact, the only downside to all this is that it takes two slots in my old four-slot\nmachine—one for the board and one for output to the separate graphics monitor.
I.Q. Master handles all futures contracts and their options. You can select from an on-screen menu, view\nchart screens, quote screens, or options screens at the push of a button. We can attest that the system is\neasy to use without a manual because when we got it, the manual was virtually non-existent compared to\nthe current 200-page guidebook. Just explore the on-screen choices and if you get lost hit ESC to go back\nwhere you came from. This is the way software should work."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-6-3-87-88-quick-scans-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-6-3-87-88-quick-scans-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-6-3-87-88-quick-scans-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v6413quic1,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-6-chapter-4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 6:4 (135-135): Quick-Scans"",""caption-linebreaks"":""LETTERS TO S&C
Data Transfer?
Editor,
I am a subscriber to your Trader's Magazine, which I consider very good and most interesting. I wonder\nwhether you could advise me regarding (1) the cost of the complete Wyckoff Method series, and (2) the\navailability of a good software program to transfer stock data from one program to another, e.g.,\nCompuTrac to Market Maker and Technical Investor.
W.J. HOENEVELD
Epse, Netherlands
In answer to your first question, the Wyckoff series is not now available as a single publication. All these\narticles are contained in S&C volumes 4 and 5 (1986-1987), available at $79 each.
The second question is not so easy to answer. Although the demand may exist, no software provides\ncomplete data compatibility among various trading programs. Telecommunications software packages\nsuch as Downloader™ can move data from data services into various trading programs. However,\ntransferring data between trading programs requires database and programming language\ncompatibilities which probably are not high on the priority lists of those who create these competing\nprograms.
We have relayed your question to the manufacturers you mentioned. —Ed."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-6-4-135-135-quick-scans-41.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-6-4-135-135-quick-scans-47.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-6-4-135-135-quick-scans-48.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v6413quic,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-6-chapter-4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 6:4 (135-135): Quick-Scans"",""caption-linebreaks"":""QUICK-SCANS
CALC
SpectraSoft, Inc.
11 Harrison Street
New York, New York, 10013
(212)219-0404
Price: free
SpectraSoft is giving away a package of financial subroutines to demonstrate to applications developers\nits skills in applications development. The disk runs on IBM-type PCs and has 54 different routines with\na small shell program to run them. We tried them out and they all work!
The disk has routines for everything from Dutch bond yield to the Vega of an option. You must supply\nthe knowledge of what you're doing so this isn't for the average trader. It's for highly skilled institutional\nusers who already know the material and want a convenient calculator resident on their machine.
SpectraSoft hopes to demonstrate their knowledge of the financial markets with the disk. All the\nprograms are from their Capital Markets Library which can be run in many environments (PC, VAX and\nSUN) and development languages (C,COBOL, FORTRAN, Clipper). SpectraSoft can supply these\nroutines for research, systems development, operations and trading floor groups as one way to drastically\nreduce development time."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-6-4-135-135-quick-scans-38.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-6-4-135-135-quick-scans-49.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-6-4-135-135-quick-scans-50.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v6516lettosc,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-6-chapter-5"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 6:5 (162-165): Letters To S&C"",""caption-linebreaks"":""Letters To S&C
I like your magazine, but...
Editor,
I like your magazine, but: month after month; graphs are misplaced, or mislabeled; formulas are not\nclearly explained; misprints occur....
With so much time between issues, I think you should do better at being explicit; being correct.
KEITH JOHNSTON
Milwaukee, WI
Actually, it's pretty frantic getting this out each month. We clearly need to move deadlines up a week or\nso just to proofread the graphics! - Ed.
Trading system reviews
Editor,
I was disappointed to read in your editorial regarding trading system reviews that because of the flak\nreceived, you are discontinuing the publishing of these reviews.
Just because some systems (like JC) are mostly smoke and mirrors and contain misleading advertising (in\nmy opinion) it doesn't mean that you should not review them. On the contrary, you do the rest of us a\nservice by bringing them into the open, even though what looks good on the cover turns out to be mush\non the inside after a couple months of real-time trading.
I, too, bought the JC programs. The DM worked fine in real-time trading from May-July 1987. Then it\ngot on the wrong side of the market until the end of the year. As you wrote, the updated disks \""fixed\"" the\npast data and continued merrily onward on the wrong side, selling more currency contracts short as the\nmarket made record new highs. At one time the JY had over $40,000 drawdown which turned into a\n$65,000 profit on the next update. You'd think that any good program would recognize the trend\neventually and get with it.
I would like to suggest you continue your excellent reviews and follow up with an update after a couple\nof months. S&C has really come to life in the last year or so. It's a first-class publication and gets better\nevery month. Please don't disappoint us by omitting the trading system reviews.
C. WAYNE SCHULER
Vancouver, WA"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-6-5-162-165-letters-to-s-c-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-6-5-162-165-letters-to-s-c-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-6-5-162-165-letters-to-s-c-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v6517sidcrea,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-6-chapter-5"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 6:5 (178-181): SIDEBAR: Creating Linked Histograms"",""caption-linebreaks"":""Creating Linked Histograms
Alphabetic characters were used to build the histograms in this article because it is a familiar scheme to\nusers of CBOT'S Market Profile. However, you may wish to use arbitrary characters, with each character\ndefining a time interval such as day, hour or minute.
A single character represents a given unit of the variable being represented. In our example, one character\nrepresented 100 shares of volume. If the unit is the smallest trading unit and the number of units becomes\nlarger, or if a continuous variable such as time spent at price is being depicted, the diagram may become\nunwieldy. In this case, you would use an approximation in which each character represents a unit amount\nand a new character is added to the histogram only if the actual value of the variable at the price reaches a\ngiven threshold."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-6-5-178-181-sidebar-creating-linked-histograms-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-6-5-178-181-sidebar-creating-linked-histograms-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-6-5-178-181-sidebar-creating-linked-histograms-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v6620lettosc,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-6-chapter-6"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 6:6 (200-201): Letters to S&C"",""caption-linebreaks"":""Letters to S&C
Getting to know you
Editor,
I recently purchased the set of tapes from the TAG IX CompuTrac seminar held last September. I would\nlike to know more about your \""Technical Analysis Magazine\"" and some of the articles from past issues,\nin whatever form they may be available, that you mentioned.
Listening to the tapes, I must say that your presentation was one of the better organized and clearly laid\nout. I believe I almost understand what you were saying—from a two-hour tape, that is frightening. I'd\nbetter learn more.
STEVE PAINTER
Aurora, CO
On with the show
Editor,
I very much enjoyed your announcement of a series of articles on using a spreadsheet for stock analysis\nby Jim Summers. Now, after several months, I am beginning to wonder if he will get to the substance of\nthe subject or continue to promise futures?
Maybe it sells magazines but there is a limit to how far you can drag things out. Let's have formulas and\nexamples!
WILLIAM E. TAYLOR
Houston, TX
Dr. Summers addresses these sentiments in this month's column. We could just unload the finished\nmacros on you, but he (and we) think there's real value to knowing the tricks and techniques used. Other\nwise, it becomes a matter of accurately copying the program and you, the reader, are no wiser for the\neffort. Even so, you've put us on notice to move it along! -Ed."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-6-6-200-201-letters-to-s-c-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-6-6-200-201-letters-to-s-c-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-6-6-200-201-letters-to-s-c-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v6620quicsca,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-6-chapter-6"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 6:6 (202-204): Quick -Scans"",""caption-linebreaks"":""QUICK - SCANS
MAJOR MARKET MOVE INDICATOR
Market Trend Software..
RD#1, Box 193C
Rome, NY 13440
(315) 337-4412
Price: $49.95 postpaid
Service: undisclosed indicator
When something for less than our traditional limit of $100 floats across our desks, we always give it an\nimmediate look in hopes of finding a bargain. MMMI meets the price test and, if nothing else, stimulates\ncuriosity.
MMMI is an undisclosed trading indicator which feeds off Dow or OTC advances, declines, up volume,\ndown volume and closing price. It is designed to catch major short-term moves in the overall market. Its\nreactions to the bull market and subsequent crash of 1987 are graphed in Figure 1.
MMMI is a simple menu-driven program for IBM-type machines with at least 256K of memory and a\ngraphics card. It runs under DOS 2.0 or better and comes with its own three-year historical database plus\na file of current prices. New prices are entered daily from The Wall Street Journal or Daily Investor.
Fed new numbers each day, MMMI will compute and print the most recent chart together with the buy,\nsell or hold advice. Since the indicator and its rules are not disclosed, there's no telling what's going on.\nYou are supposed to gain confidence by observing how it has reacted to past markets.
We don't plan to comment further on this one, given our recently developed bias against undisclosed\nsystems. The MMMI disks we got run well although the graphics are slow. For only $49.95, it may be\nappropriate for systems nuts, systems crackers and curious traders who need another tool for playing the\nindices."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-6-6-202-204-quick-scans-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-6-6-202-204-quick-scans-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-6-6-202-204-quick-scans-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v6724sidmoro,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-6-chapter-7"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 6:7 (240-243): SIDEBAR: More on optimization"",""caption-linebreaks"":""More on optimization
It may seem a daunting prospect to find the optimal combination of 10 trading parameters over an\neight-year quote file on a personal computer, but it's not as bad as it sounds.
What Strategist does is to start with an initial strategy specified by the user, go through the quote file and\ncompute the initial payoff.
Then it varies the first of the 10 parameters until it finds the value that gives the highest payoff—the\noptimal value for that parameter. It optimizes each of the remaining nine parameters in turn, then starts\nover again with the first parameter.
It may seem this process would go on forever, but it doesn't. After enough passes, Strategist reaches a\npoint where the optimal values for the 10 parameters no longer change as it trades through the file. At\nthat point, Strategist concludes it has converged on the optimal strategy and ends the search."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-6-7-240-243-sidebar-more-on-optimization-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-6-7-240-243-sidebar-more-on-optimization-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-6-7-240-243-sidebar-more-on-optimization-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v6724lettosc,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-6-chapter-7"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 6:7 (244-247): Letters To S&C"",""caption-linebreaks"":""Letters To S&C
Questions on Smoothing
Editor,
I have recently become a subscriber to your magazine and also purchased back volumes of articles. I have\nanalyzed all articles pertaining to smoothing, and particularly to triple exponential average smoothing. I\nam quite familiar with exponential averages but not what you define as triple exponential smoothing.
The articles show certain contradictions and all lack the essential analytical formulas. Why? Is not such\nan analytical formula the essential conclusion of the discussion? Some show a BASIC program which\ncan be no better than the formula it is based on. It is often far more convenient to enter formulas directly\ninto a spreadsheet than writing a BASIC program. Maybe some of my questions warrant an article on the\nsubject, as surely other readers must have the same questions. Specifically, here are my questions:
A. May/June 83: \""Data Filtering Methods\"" by Dr. Anthony Warren."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-6-7-244-247-letters-to-s-c-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-6-7-244-247-letters-to-s-c-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-6-7-244-247-letters-to-s-c-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v6725ganmade,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-6-chapter-7"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 6:7 (253-253): Gann made easy by Hans Hannula, Ph.D."",""caption-linebreaks"":""Gann made easy\nby Hans Hannula, Ph.D.
Author: Bill McLaren with\nMathew J. Foreman
Publisher: Gann Theory
Publishing Co.
10290 Rosewood
Overland Park, KS 66204
(913) 491-5411.
155 pages, hardbound
60-page manual of charts
$180
If you ever wanted a good buy in technical trading tools, Gann Made Easy is it. While it is advertised as\na book— which it is—it is really much more. It is a solid book on the basic analysis techniques used by\nW. D. Gann that is actually closer to a course because the book comes with a manual of 60 charts the size\nof newspaper pages which are explained in the text. If that were not enough, the author, Bill McLaren, is\navailable for further explanation and clarification. It is a lot better bargain than the $480 I wasted on\npartial copies of Gann material when I started out. You won't waste your money here, and should even\nmake some. This is a full five-star product.
What really struck me when I first opened the package were the charts. They had the same appearance as\nW. D. Gann's. They had the same maze of lines and numbers running out from highs and lows. To see\nwhat I mean, look at Figure 1. It is an original W. D. Gann chart. Figure 2 is from Gann Made Easy. This\nsimilarity is no accident and a good omen."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-6-7-253-253-gann-made-easy-by-hans-hannula-ph-d-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-6-7-253-253-gann-made-easy-by-hans-hannula-ph-d-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-6-7-253-253-gann-made-easy-by-hans-hannula-ph-d-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v6725metprof,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-6-chapter-7"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 6:7 (258-258): MetaStock Professional by Steve Notis"",""caption-linebreaks"":""MetaStock Professional\nby Steve Notis
EQUIS International
P.O. Box 26743
Salt Lake City, UT 84126
(800) 882-3040
Price: $295
Equipment: IBM or compatible computers
MetaStock by EQUIS International (formerly Computer Asset Management), has become one of the\nmost popular technical analysis charting packages on the market today. EQUIS has cleverly kept its\nsoftware compatible with as many data vendors as possible by providing extensive downloading and\nconversion utilities. In addition to the more traditional telephone-linked data bases, you can now access\ndata from FM carriers such as Lotus Signal and Telemet. This lets owners of other brands of software\nswitch to MetaStock without forfeiting previously accumulated data.
MetaStock Professional (MS-Pro) is an expanded and enhanced programs which rivals the power of the\nmost expensive packages at a fraction of the cost. MS-Pro retains the ease of operation, excellent\ngraphics and data compatibility of MetaStock.
The new program has an extensive pull-down menu system to help the beginner access all the new\nfeatures without having to remember dozens of new commands.
MS-Pro has full macro automation which allows you to organize your analysis routines and have the\nprogram run them for you each time (plotting them to the screen, the printer or both)."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-6-7-258-258-metastock-professional-by-steve-notis-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-6-7-258-258-metastock-professional-by-steve-notis-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-6-7-258-258-metastock-professional-by-steve-notis-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v6726sidtesy,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-6-chapter-7"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 6:7 (268-271): SIDEBAR: Testing your macros"",""caption-linebreaks"":""Testing your macros
The lines between the {Down} macros separate the processing. Each macro is a separate line and you\nrename each macro as '\\x in order to test it separately. You can use other letters if you choose. I always\nuse '\\x for test macros in order to avoid confusion.
Next, set up the range name for Range1, Range2, Counter1, and Counter2 using the /Range Name\nDown command. Lastly, when it is time to invoke the macro, put the cursor somewhere such that you can\nobserve the down movement, and hit Alt x.
Enhanced uses of {Down}
If you read the documentation for 2.0, you probably know the tedium of typing multiple {Down}s has\nbeen relieved by allowing you to write {Down 5} in order to get the cursor to move down 5 when the\nmacro is invoked. The first macro demonstrates this improvement.
Using {Down} with a range name
Less well publicized is that {Down} will take a range name as the number of time to move down. For the\nsecond example, you invoke {Down Counter1} and the macro would drop by the number found in the\nrange Counter1. There will be situations in developing technical analysis programs in which the cursor\nmust {Down} some number of rows which you have calculated. Some other part of the program could\ncalculate that value, store it in Counter1, and then use it in the {Down Counter1} command."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-6-7-268-271-sidebar-testing-your-macros-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-6-7-268-271-sidebar-testing-your-macros-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-6-7-268-271-sidebar-testing-your-macros-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v6828lettosc,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-6-chapter-8"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 6:8 (282-284): Letters To S&C"",""caption-linebreaks"":""Letters To S&C
Insider trading
Editor,
Your article in the June issue, \""If the boss only knew technical analysis,\"" by Vincent Cosentino, caught\nmy eye for an obvious reason: We recently published a new book on legal insider trading, authored by the\nfather of the system that tracks and interprets such buying and selling of securities, Ed Buck. Ed is\npublisher of Vickers Stock Research's Weekly Insider Report. His emphasis is on evaluating and\ninterpreting insider transactions.
I enclose a copy of The SIB Stock Market Ratio: Profiting from Legal Insider Trading for your\nconsideration. You'll find that timing is a critical issue in this approach.
If you have any questions, Ed Buck would be happy to respond to you. And if I can be of any assistance\nto you, please don't hesitate to contact me.
For the record, the book is priced at $14.95; it is available directly from the NYIF ($3.00\nshipping/handling for first copy, $ 1.50 for subsequent copies); bulk-purchase discounts available; for\nimmediate service, call (800) 262-6868.
FRED EICKELBERG
New York Institute of Finance
New York, NY"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-6-8-282-284-letters-to-s-c-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-6-8-282-284-letters-to-s-c-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-6-8-282-284-letters-to-s-c-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v6932lettosc,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-6-chapter-9"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 6:9 (322-322): Letters To S&C"",""caption-linebreaks"":""Letters To S&C
Technical analysis software
Editor,
I have an Apple II/e with dual disk drive and an Epson printer, and am very interested in your software\nfor charting markets. However, I am very unfamiliar with the graphics tool kit and 5-inch disk format that\nyou mentioned in your current issue.
I have Appleworks and would like to know how, if possible, I could create a graph with data from the\nspreadsheet. If you can help me with my obvious dilemma, I would indeed be highly grateful.
GLENN ZACHER
Dublin, CA
Technical Analysis Charts™ is for the Apple 11 series of computers with a minimum of 128K memory.\nThis program is capable of using double high resolution graphics which allow you to have almost the\nsame number of dots as currently available on other computers, such as the IBM.
Your request about incorporating AppleWorks data files with those of Technical Analysis Charts is\ninteresting and certainly possible, but at this time we do not have a routine to read the AppleWorks data\nformat. Since our system is designed to be a BASIC programming system, if there is a BASIC program\nthat will read AppleWorks data into a simple X array then, indeed, you can use your AppleWorks\ndata. —Ed."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-6-9-322-322-letters-to-s-c-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-6-9-322-322-letters-to-s-c-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-6-9-322-322-letters-to-s-c-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v6932quicsca,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-6-chapter-9"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 6:9 (323-323): Quick Scans"",""caption-linebreaks"":""QUICK SCANS
CYBERCAST SYSTEM
Commodity Advisory
Corporation of Texas
P.O. Box 266896
Houston, TX 77207
Product: Data, charting and trading signals for IBM PCs and clones.\nPrice: $695
Cybercast is a large data analysis and prediction program that has been translated from the minicomputer\nworld to the PC world. It will download data and charts from CACT, draw plots, calculate/chart a wide\nvariety of analytical tools, and give trading recommendations for next day's action.
Indicators included are Cybercast's \""layers\"" and predictors, RSI, averages, Andrews lines, Fibonacci\nBalance Plots, Elliott waves, regression lines, trend lines, momentum, OBV, a directional indicator and\n%R.
Count on using lots of computer power for this program. It takes a minimum of 5 megabytes on your disk\nand every byte of 640,000 available in RAM. Add in a graphics card (CGA, EGA, Hercules or VGA) and\na 1200 baud Hayes-compatible modem. CACT will supply you with Bitcom communications software\nalong with your purchase."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-6-9-323-323-quick-scans-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-6-9-323-323-quick-scans-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-6-9-323-323-quick-scans-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v6934sidotre,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-6-chapter-9"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 6:9 (340-345): SIDEBAR: Other Research"",""caption-linebreaks"":""Other Research
There are at least two reasons why other researchers have not found the significant dependencies\ndescribed here and in the October 1987 S&C article on money supply.
First, most of the other workers in this area have used either serial or auto correlation or runs tests (see\nfor example, P. Cottner, Random Character of Stock Market Prices, MIT Press, 1964). As I pointed out\nin the April 1988 S&C issue, there are some significant problems associated with using correlation\ntechniques on this data. Further, correlation only tests for one form of serial dependency — there are\nother forms that would be missed. The same holds true for tests based on runs. Statisticians apparently\ncannot agree if runs tests are tests of randomness or independence (see S&C, September 1986)."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-6-9-340-345-sidebar-other-research-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-6-9-340-345-sidebar-other-research-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-6-9-340-345-sidebar-other-research-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v7135lettosc,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-7-chapter-1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 7:1 (35-35): Letters To S&C"",""caption-linebreaks"":""LETTERS TO S&C
Optimization
Editor,
Several articles have appeared in S&C wherein optimization was discussed. I would like to discuss\nsomething I encountered at least six years ago when I first tried optimizing. Some of your readers may\nhave had the same experience and can further comment on the subject.
The best way to explain this subject may be by example.
The example is extremely simple. It involves optimizing, in one of my programs, only two parameters—a\ndecimal for an exponential average for buying and a decimal for an exponential average for selling. The\nbuy decimal was stepped from .1 to .3 in increments of .05 while the sell decimal was stepped from .15 to\n.35 in increments of .05. The same database was, of course, used for all combinations of parameter\nvalues. The resulting outputs are shown in the enclosed figure (see Figure 1). The MADecBuy values lie\nalong the x-axis and the MADecSell values lie along the y-axis. The outputs from the program are\nwritten at the appropriate intersections. (Sorry, just ran out of 3D graph paper.)
Please note the outputs form a multi-peak \""mountain range.\"" For example, there is a peak of 37.4 and\nanother of 31.0. Also, there is a \""valley\"" along the MADecSell = .25 value. Furthermore, several dips\nexist such as the one at MADecBuy = .20 when moving along MADecSell = .15. Still further, increasing\nvalues for MADecBuy (i.e. values > 0.3) should produce more peaks—but what we have is sufficient.
From the above, it should be apparent we do not have a monotonic rise to a single peak and a monotonic\ndecline from that peak for the range of parameter values in this simple example. (I am fully aware the\nprevious statement is redundant—if it is monotonic it must be single—but I am trying to emphasize!)
What happens when you are optimizing more than two parameter values? I suspect the situation becomes\neven more complex.
...
HUGH L. LOGAN
Hendersonville, TN"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-7-1-35-35-letters-to-s-c-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-7-1-35-35-letters-to-s-c-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-7-1-35-35-letters-to-s-c-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v71035sidsys,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-7-chapter-10"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 7:10 (359-361): SIDEBAR: System Writer Plus programming"",""caption-linebreaks"":""System Writer Plus programming
The System Writer can be copied and modified to use with other currencies or to graph cross-currency rates."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-7-10-359-361-sidebar-system-writer-plus-programming-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-7-10-359-361-sidebar-system-writer-plus-programming-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-7-10-359-361-sidebar-system-writer-plus-programming-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v71246opprem,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-7-chapter-12"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 7:12 (460-461): Option premiums by Arthur Merrill"",""caption-linebreaks"":""Option premiums\nby Arthur Merrill
Can we derive useful information about the future direction of the stock market from option statistics?\nI've found one item of data that has a good prediction record—the ratio of the premium on puts to the\npremium on calls. (Premium is the strike price plus the cost of the option minus the current price of the\nunderlying security.)
The basic data, weekly average put and call premiums, are calculated and published by the Options\nClearing Corporation, 440 LaSalle, Chicago, IL 60605, and the weekly ratio is published by Technical\nTrends, P.O. Box 792, Wilton, CT 06897.
You can give the ratio in Figure 1 an eyeball test for success in comparison to the Dow Jones Industrial\nAverage in Figure 2. However, I ran specific tests over a 12-year period and not only were the short-term\nforecasts better than average in calling the market higher or lower, but the indicator put in a stellar\nperformance in calling the direction one year later."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-7-12-460-461-option-premiums-by-arthur-merrill-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-7-12-460-461-option-premiums-by-arthur-merrill-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-7-12-460-461-option-premiums-by-arthur-merrill-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v71346quic,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc5"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 7:13 (469-469): Quick-Scans: MACRO-WORLD INVESTOR"",""caption-linebreaks"":""Quick-Scans
MACRO-WORLD INVESTOR
MACRO-WORLD, a fundamentally oriented \""background\"" package that S&C recommended in\nDecember, 1987 is still going strong (Figure 1).
Since that review, M-W has broadened its specific forecasts for a growing number of New York Stock\nExchange equities together with trading recommendations and efficient portfolio construction and\nportfolio balancing between stocks, bonds, notes and bills."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-7-13-469-469-quick-scans-macro-world-investor-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-7-13-469-469-quick-scans-macro-world-investor-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-7-13-469-469-quick-scans-macro-world-investor-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v71347quic2,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc5"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 7:13 (470-470): Quick-Scans: REPORT ON TAX-DEFERRED ANNUITIES"",""caption-linebreaks"":""QUICK-SCANS
REPORT ON TAX-DEFERRED ANNUITIES
Tax-deferred annuities (TDAs) are being marketed as the ideal retirement investment for people who\nhave fully funded their tax deductible retirement accounts (i.e., IRAs or Keoghs)—and they probably are\nideal. A TDA is basically an investment in a mutual fund family that is wrapped inside an insurance\nannuity contract. Because it is within the annuity contract, all dividends and capital gains from switching\nbetween individual funds (no matter what the holding period) are not taxed until the cash is actually\nwithdrawn from the annuity contract, not the individual fund. This is in stark contrast to intra-family fund\nswitching, which is an immediately taxable event."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-7-13-470-470-quick-scans-report-on-tax-deferred-annuities-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-7-13-470-470-quick-scans-report-on-tax-deferred-annuities-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-7-13-470-470-quick-scans-report-on-tax-deferred-annuities-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v71347quicsc16,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc5"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 7:13 (471-471): Quick Scans: TECHNICAL TRENDS STATISTICAL NEWS, IN GRAPHICAL FORM"",""caption-linebreaks"":""QUICK SCANS
TECHNICAL TRENDS STATISTICAL NEWS, IN GRAPHICAL FORM
Technical Trends is in its 29th year of publication. Recently John McGinley assumed the responsibility of\neditor after Author Merrill retired. (Mr. Merrill is a regular contributor to S&C and subscribers will\nalready be familiar with the look of the graphics of this service.) The goal of this service is to help\ninvestors make profitable decisions by supplying graphs and statistics of tested stock market indicators."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-7-13-471-471-quick-scans-technical-trends-statistical-news-in-graphical-form-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-7-13-471-471-quick-scans-technical-trends-statistical-news-in-graphical-form-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-7-13-471-471-quick-scans-technical-trends-statistical-news-in-graphical-form-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v71347quicsc7,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc5"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 7:13 (472-472): Quick Scans: KWIKSTAT V. 1.3"",""caption-linebreaks"":""QUICK SCANS
KWIKSTAT V. 1.3
Most statistical packages are as intimidating as the courses you remember in college. The advertisements\nare invariably long laundry lists in 6-point type describing procedures you wouldn't visit on your dog, let\nalone yourself. Prices designed for heart attacks are buried near the bottom.
Kwikstat is an antidote for that sinking feeling. It combines a good set of guides (menus) with a nifty\ngraphics capability, a cheap price and the ability to read almost any data format (preeminently DBase III)\nto create tremendous value."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-7-13-472-472-quick-scans-kwikstat-v-1-3-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-7-13-472-472-quick-scans-kwikstat-v-1-3-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-7-13-472-472-quick-scans-kwikstat-v-1-3-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v71347quicsc11,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc5"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 7:13 (472-472): Quick Scans: THE ARMS INDEX (TRIN)"",""caption-linebreaks"":""QUICK SCANS
THE ARMS INDEX (TRIN)
An Introduction to the Volume Analysis of Stock and Bond Markets
Richard Arms is associated with Equivolume Charting and the ARMS Index. His earlier writings have\nreceived wide attention and Equivolume Charting has been acclaimed to be \""the first new method of\ncharting since the point and figure was introduced in the 1930s.\"" Arm's premise is that trading volume\n(especially when combined with price) is a better indicator of current market activity and portendor of\nfuture price movements than price alone."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-7-13-472-472-quick-scans-the-arms-index-trin-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-7-13-472-472-quick-scans-the-arms-index-trin-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-7-13-472-472-quick-scans-the-arms-index-trin-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v71347quicsc12,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc5"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 7:13 (473-473): Quick Scans: @OPTION"",""caption-linebreaks"":""QUICK SCANS
@OPTION
@OPTION provides you with 36 pricing and analytical formulas for options evaluation using Lotus\n1-2-3. The formulas can calculate theoretical prices, deltas, gammas, betas, begas and implied volatilities\nfor stock and index options. Since you're in a spreadsheet, you can try many different trades and examine\nthe effects of interest rates, volatilities, time, and dividends."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-7-13-473-473-quick-scans-option-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-7-13-473-473-quick-scans-option-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-7-13-473-473-quick-scans-option-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v71347quicsc9,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc5"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 7:13 (473-473): Quick Scans: MONTHLY UPDATES"",""caption-linebreaks"":""QUICK SCANS
MONTHLY UPDATES
Continuous Contractor owners can use the monthly updates to update their contracts and generate new\ncontinuous contracts."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-7-13-473-473-quick-scans-monthly-updates-43.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-7-13-473-473-quick-scans-monthly-updates-47.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-7-13-473-473-quick-scans-monthly-updates-48.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v71347quicsc15,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc5"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 7:13 (473-473): Quick Scans: MONTHLY UPDATES"",""caption-linebreaks"":""QUICK SCANS
MONTHLY UPDATES
Continuous Contractor owners can use the monthly updates to update their contracts and generate new\ncontinuous contracts."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-7-13-473-473-quick-scans-monthly-updates-40.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-7-13-473-473-quick-scans-monthly-updates-49.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-7-13-473-473-quick-scans-monthly-updates-50.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v71347quicsc13,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc5"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 7:13 (473-473): Quick Scans: THE STRATEGY SIMULATOR"",""caption-linebreaks"":""QUICK SCANS
THE STRATEGY SIMULATOR
The Strategy Simulator permits the intermediate-term investor to simulate various strategies, including\nmarket timing and tactical asset allocation using Bill Finnegan's Market Forecaster program.
The program consists of a program disk and a data disk, and a simple four-page manual. (At $149 it is\nnot a bargain.) Running the program is easy but maddeningly slow. It takes almost five minutes for each\ndata run-through on an 8086 (with an 8087 co-processor) machine running at 7.14 MHz. Installing a\nRAM disk is really mandatory if you are going to run a number of cases. A RAM disk will reduce your\nrun time about 25%. The 122 cases I tried recently took between eight and 10 hours to run, all attended.\nTo save time I suggest running your cases two or three percentage points apart, not one point as I did."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-7-13-473-473-quick-scans-the-strategy-simulator-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-7-13-473-473-quick-scans-the-strategy-simulator-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-7-13-473-473-quick-scans-the-strategy-simulator-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v71347quicsc4,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc5"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 7:13 (473-474): Quick Scans: FINANCIAL FUTURES"",""caption-linebreaks"":""QUICK SCANS
FINANCIAL FUTURES
If you enter the investments department of any bank, the trading floor of a money manager or a futures\nbrokerage house that actively trades financial futures you would find the latest issue of this chart service.
Financial Futures is aimed at professional or serious followers of financial instruments. Not only does\nthis service provide charts on all of the financial futures and Treasury securities, it also presents price\ndata on other markets that are constantly impacting the decisions of traders of Treasuries and futures.
Financial Futures has five sections. The first and largest section (70 pages) is on interest rates, starting\nwith the shortest maturity, overnight Fed funds. There is a daily Fed effective rate chart, daily\nhigh-low-close Fed fund futures charts and spread charts of Fed funds to T-bill and Eurodollar futures."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-7-13-473-474-quick-scans-financial-futures-40.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-7-13-473-474-quick-scans-financial-futures-49.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-7-13-473-474-quick-scans-financial-futures-50.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v71347quicsc,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc5"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 7:13 (473-474): Quick Scans: FINANCIAL FUTURES"",""caption-linebreaks"":""QUICK SCANS
FINANCIAL FUTURES
If you enter the investments department of any bank, the trading floor of a money manager or a futures\nbrokerage house that actively trades financial futures you would find the latest issue of this chart service.
Financial Futures is aimed at professional or serious followers of financial instruments. Not only does\nthis service provide charts on all of the financial futures and Treasury securities, it also presents price\ndata on other markets that are constantly impacting the decisions of traders of Treasuries and futures.
Financial Futures has five sections. The first and largest section (70 pages) is on interest rates, starting\nwith the shortest maturity, overnight Fed funds. There is a daily Fed effective rate chart, daily\nhigh-low-close Fed fund futures charts and spread charts of Fed funds to T-bill and Eurodollar futures."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-7-13-473-474-quick-scans-financial-futures-43.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-7-13-473-474-quick-scans-financial-futures-47.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-7-13-473-474-quick-scans-financial-futures-48.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v71347quicsc10,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc5"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 7:13 (474-474): Quick Scans: ONE DAY AT A TIME"",""caption-linebreaks"":""QUICK SCANS
ONE DAY AT A TIME
J.Welles Wilder has another new tool to help you in your quest to trade successfully, only this tool is\nmore designed to help you practice trading than to offer you a new \""trading system.\"" What you receive this software is:
..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-7-13-474-474-quick-scans-one-day-at-a-time-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-7-13-474-474-quick-scans-one-day-at-a-time-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-7-13-474-474-quick-scans-one-day-at-a-time-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v71347quicsc8,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc5"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 7:13 (474-475): Quick Scans: MAXIMIZER"",""caption-linebreaks"":""QUICK SCANS
MAXIMIZER
The Maximizer from Pinetree Software, Inc. is designed to help salespeople and executives organize their\nbusy schedules and frequently needed information. Maximizer is an elaborate database/word processor\nbased on B-Treive, using hierarchical pop-up menus which make learning how to use Maximizer\nintuitive and easy."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-7-13-474-475-quick-scans-maximizer-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-7-13-474-475-quick-scans-maximizer-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-7-13-474-475-quick-scans-maximizer-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v71347quicsc5,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc5"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 7:13 (475-475): Quick Scans: GRAPHICS II PC V.3.0"",""caption-linebreaks"":""QUICK SCANS
GRAPHICS II PC V.3.0
This program can take your Commodity Service Inc. (CSI) data files and present you with a polished\nmonitor or hard-copy graph, replete with one of a pile of indicators. The program's big plus is its\nextensive list of indicators and trading guides. Rather than list them all, Figure 1 is the choices screen as\nwell as a nifty arbitrage trade in gold and silver. If those aren't enough, check Figure 2 which lists a\npackage of exotica rarely found in pure graphics programs."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-7-13-475-475-quick-scans-graphics-ii-pc-v-3-0-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-7-13-475-475-quick-scans-graphics-ii-pc-v-3-0-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-7-13-475-475-quick-scans-graphics-ii-pc-v-3-0-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v71347quicsc2,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc5"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 7:13 (475-476): Quick Scans: CONTINUOUS CONTRACTOR"",""caption-linebreaks"":""QUICK SCANS
CONTINUOUS CONTRACTOR
Recently there have arrived on the market two offers to sell a large amount of data for very little money.\n(Although the source of data is not disclosed, industry gossip picks Dunn and Hargitt as the source.)\nMicrovest offers the data with their software and now Technical Tools offers an equally large amount of\nhistorical data with software that can massage the numbers into a variety of common formats. For the list,\nsee Figure 3.
Thirty-two markets are available and you can get the numbers in one of three packages: three tradeables\nfor $199,21 markets for $499 and 32 markets for $799. This flood of reasonably priced data has already\nstirred responses from large data vendors offering to match any published offer so we may soon be in the\nmidst of a \""data war.\"""",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-7-13-475-476-quick-scans-continuous-contractor-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-7-13-475-476-quick-scans-continuous-contractor-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-7-13-475-476-quick-scans-continuous-contractor-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v71347quicsc6,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc5"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 7:13 (476-476): Quick Scans: 24-HOUR TRADING: THE GLOBAL NETWORK OF FUTURES AND OPTIONS MARKETS"",""caption-linebreaks"":""QUICK SCANS
24-HOUR TRADING: THE GLOBAL NETWORK OF FUTURES AND OPTIONS MARKETS
Each new day professionals who are involved in the futures markets begin their trading by asking for\ninformation regarding the nights trading activity in Japan, Singapore and Hong Kong followed by the\ncurrent status of the London markets. Today's traders do not simply go home and worry about tomorrow.\nFutures markets have become an around-the-clock, global enterprise and participants have become\naccustomed to dealing with this worldwide view."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-7-13-476-476-quick-scans-24-hour-trading-the-global-network-of-futures-and-options-markets-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-7-13-476-476-quick-scans-24-hour-trading-the-global-network-of-futures-and-options-markets-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-7-13-476-476-quick-scans-24-hour-trading-the-global-network-of-futures-and-options-markets-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v71347quicsc1,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc5"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 7:13 (477-477): Quick Scans: COMPUTERIZED TRADING STRATEGIES"",""caption-linebreaks"":""QUICK SCANS
COMPUTERIZED TRADING STRATEGIES
HOW TO PROGRAM FOR THE STOCK AND FUTURES MARKETS
by Ethel Goldman
This book is for the intrepid soul who wants to go beyond hand computing and program his/her own\nanalytical studies. He/She also must be willing to learn some BASIC because this book gives a quick\nskim of BASIC, the code for downloading data from most of the major data services, and the code for\nimplementing a test routine for five trading strategies: single moving averages, double moving averages,\nan oscillator, on-balance volume and stochastics.
The code is not just dumped on page one. Instead, Goldman leads the novice through the most-used\nBASIC commands and some DOS items that are often handy. That's followed by 108 pages of\ndescription and code for handling the peculiarities of data vendors."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-7-13-477-477-quick-scans-computerized-trading-strategies-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-7-13-477-477-quick-scans-computerized-trading-strategies-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-7-13-477-477-quick-scans-computerized-trading-strategies-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v71347quicsc14,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc5"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 7:13 (477-477): Quick Scans: SUPPLEMENT TO PC-SIG LIBRARY (DISKS 706-1124)"",""caption-linebreaks"":""QUICK SCANS
SUPPLEMENT TO PC-SIG LIBRARY (DISKS 706-1124)
The supplement to The Catalogue for this massive programming library is out."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-7-13-477-477-quick-scans-supplement-to-pc-sig-library-disks-706-1124-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-7-13-477-477-quick-scans-supplement-to-pc-sig-library-disks-706-1124-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-7-13-477-477-quick-scans-supplement-to-pc-sig-library-disks-706-1124-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v71347quicsc3,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc5"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 7:13 (477-477): Quick Scans: TRADING WITH THE ELLIOTT PRINCIPLE, A PRACTICAL GUIDE"",""caption-linebreaks"":""QUICK SCANS
TRADING WITH THE ELLIOTT PRINCIPLE, A PRACTICAL GUIDE\nby David H. Weiss
There's no better evidence of the growing fascination with Elliott Waves than the arrival in our offices of\nworkbooks to show people how to do it themselves. Given Stocks & Commodities' bias toward doing it\nyourself, we've been impressed with the latest offering from David Weiss.
The wrapper of David's book has the warning to read no further than page 19 or the reader will be ahead\nof himself. That's because Weiss is going to take you through the actual application of Elliott Wave\ncounts on real data. This book isn't a lengthy listing of all the different wave formations and the alternate\ncounts, extensions or zig-zags. Instead, you dive right in and try to figure it out as Weiss helps."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-7-13-477-477-quick-scans-trading-with-the-elliott-principle-a-practical-guide-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-7-13-477-477-quick-scans-trading-with-the-elliott-principle-a-practical-guide-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-7-13-477-477-quick-scans-trading-with-the-elliott-principle-a-practical-guide-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v71347quic1,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc5"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 7:13 (478-478): Quick-Scans: THE RELEVANCE III ADVANCED MARKET ANALYSIS"",""caption-linebreaks"":""QUICK-SCANS
THE RELEVANCE III ADVANCED MARKET ANALYSIS
The Relevance III Advanced Market Analysis is an impressive and competent piece of software for\ntechnicians. This program was designed for traders who know which trading approaches they prefer and\nwant to efficiently follow the markets without spending time setting up studies for each commodity every\nday.
This is not an intraday analysis program but a tool to help the individual canvas the markets quickly\nwithout performing redundant work."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-7-13-478-478-quick-scans-the-relevance-iii-advanced-market-analysis-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-7-13-478-478-quick-scans-the-relevance-iii-advanced-market-analysis-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-7-13-478-478-quick-scans-the-relevance-iii-advanced-market-analysis-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v71347quic,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc5"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 7:13 (478-479): Quick-Scans: DISK TECHNICIAN ADVANCED"",""caption-linebreaks"":""QUICK-SCANS
DISK TECHNICIAN ADVANCED
The proliferation of hard disk recovery programs has left most users impressed and bewildered at the\namazing things that can go wrong with their softly whirring magnetic wonders. Many seem bemused:\nnothing has ever gone wrong with their machine but the expert users seem united that something will wrong sometime. What to do?
Why not go for the high-end, a program that will do it all and assure you there's no better solution? Prime\nSolutions claims of its hard disk preventive maintenance, \""We invented the category back in early 1987\nwith the introduction of Disk Technician.\"" Further, \""despite (competitors) claims, not a single one of\nthese (competitive utilities) can even come close to our first product. In fact, we will happily match the\noriginal Disk Technician against any or all newcomers, anytime, anywhere, under any circumstances.\nThe tougher, the better.\"""",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-7-13-478-479-quick-scans-disk-technician-advanced-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-7-13-478-479-quick-scans-disk-technician-advanced-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-7-13-478-479-quick-scans-disk-technician-advanced-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v7267lettosc,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-7-chapter-2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 7:2 (67-67): Letters To S&C"",""caption-linebreaks"":""Letters To S&C
Copyrighting
Editor,
I'm teaching biology at college level. I'm also a private investor and one of your subscribers. I'm planning\nto offer the general public a mini-course on technical analysis of the stock market. I would appreciate\nyour permission to quote some of the articles in S&C. Could you also let me know the regulations\nconcerning such a use?
GEORGES CHAUVETTE
Laval, Quebec, Canada
Write to Copyright office, Library of Congress, Washington, DC 20559 and ask for circular R21,\n\""Reproduction of copyrighted works by educators and librarians.\""
—Ed."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-7-2-67-67-letters-to-s-c-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-7-2-67-67-letters-to-s-c-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-7-2-67-67-letters-to-s-c-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v7412lettosc,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-7-chapter-4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 7:4 (129-129): Letters To S&C"",""caption-linebreaks"":""LETTERS TO S&C
From one author to another
Dear Dr. Anthony,
Congratulations on your excellent article on the alpha-beta trend following system (S&C, April 1989).
Three questions:
1. ML is the \""lag,\"" or one-half of the moving average. Your default value is 15. Is the moving average 15\nor is it 30?
2. MS default of 6. Is the moving average 6 or 12?
3. YS is the number of standard deviations. How long a period do you use to calculate one standard\ndeviation (the number to be multiplied by 2.5)?\nIf you have time to answer, many thanks!
ARTHUR MERRILL
Chappaqua, NY
..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-7-4-129-129-letters-to-s-c-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-7-4-129-129-letters-to-s-c-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-7-4-129-129-letters-to-s-c-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v7413lettosc,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-7-chapter-4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 7:4 (135-135): Letters To S&C"",""caption-linebreaks"":""LETTERS TO S&C
Fast Fourier Transforms
Editor,
I am a current user of the technical analysis software CompuTrac and have been recently introduced (two\nmonths) to your theory on FFT (Fast Fourier Transform). However, I am puzzled by the fact that Fourier\ntransforms can be used in technical analysis. As an engineer, I have used Fourier transforms but from an\nengineering perspective. I would appreciate it if you could send me more information on FFT as I would\nlike to seriously study this new form of analysis.
K. GIN
Singapore
As In engineering, Fourier Analysis is used to locate possible poles and zeros within historical data. The\ncommon procedure is to pick a low spot, a zero, then exit to large highs, the poles of large magnitude\ncycles, and use the low as a cut-off frequency. The cut-off frequency is then used to tune or optimize a\nfilter such as a moving average.
Assuming the future will act a little like the past, we can quickly produce optimum trade timing tools\nsuch as moving averages or crossovers. The \""Fast Fourier Transform with Data Preprocessing\""\npublished in our Volume One properly preprocesses your historical data and gives a clear picture of any\ncycles. This routine is included in the CompuTrac system.
...
—Ed."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-7-4-135-135-letters-to-s-c-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-7-4-135-135-letters-to-s-c-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-7-4-135-135-letters-to-s-c-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v7619lettosc,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-7-chapter-6"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 7:6 (199-199): Letters To S&C"",""caption-linebreaks"":""Letters To S&C
S&C algorithms for the IBM?
Editor,
It would be most helpful if you would offer your Maximum Entropy algorithm written in IBM BASIC for\na reasonable fee. Please don't tell me you have already published the algorithm. I know you have, but it is\nwritten for the Apple computer. I use IBM-type BASIC language, specifically GW-BASIC. The\nPortuguese language may not be too different than Spanish, but if I know Spanish I am not about to learn\nPortuguese just to read an article, or even a book in this different language. So it is with computer\nlanguages for the average individual. I cannot, within an economical timeframe, translate the language\nyou have published.
Surely, IBM-type BASIC must be more universally known than that of Apple.
A. BRUCE JOHNSON
Pensacola, FL"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-7-6-199-199-letters-to-s-c-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-7-6-199-199-letters-to-s-c-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-7-6-199-199-letters-to-s-c-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v7723lettosc,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-7-chapter-7"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 7:7 (237-237): Letters to S&C"",""caption-linebreaks"":""Letters to S&C
MTA and CTA
Editor,
I wonder if you might publish the address, telephone number and name of a contact person at the Market\nTechnicians' Association?
Also, I learned recently that there is a program leading to qualification as a Certified Technical Analyst.\nCould you tell me how I might find out more about this?
LEE SNOWDEN
Ogosha, MN
Contact Robert Prechter at (404) 5360309 regarding MTA membership. Accreditation is through John\nBrooks at (404) 393-1610.
–Ed."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-7-7-237-237-letters-to-s-c-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-7-7-237-237-letters-to-s-c-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-7-7-237-237-letters-to-s-c-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v7932lettosc,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-7-chapter-9"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 7:9 (321-321): Letters To S&C"",""caption-linebreaks"":""LETTERS TO S&C
Suggestions for topics
Editor,
In your March 1989 issue you have an article by Steve Notis called \""Testing breakout systems.\"" It's\ndescribed as an S&P 500 system. My question is, will it work with bonds, gold, silver, etc? If it will, but\nwith slightly different parameters, would you write about it in an upcoming issue? If possible could you\nalso write about trading thrusts in general: Are there times a thrust will be a reasonably safe trade, how to\ntell if it's going to be a failure, volume patterns to look for, etc.
One more thing I would like to see is more in-depth reports on stochastics. I know you've done a lot of\narticles on stochastics but I still always come away with the feeling that something's missing. Are there\nchart patterns you can combine stochastics with to make the method more reliable? Are there other\nindicators stochastics could be combined with to increase the odds? What about volume patterns, where\nto place stops after entered, good entry points to use, etc.?
JIM ROBINSON
Cedar Rapids, IA"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-7-9-321-321-letters-to-s-c-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-7-9-321-321-letters-to-s-c-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-7-9-321-321-letters-to-s-c-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v8145lettosc,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-8-chapter-1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:1 (45-45): Letters To S&C"",""caption-linebreaks"":""Letters to S&C
Editor,
Your November 1989 issue was one of your best ever! I found three articles especially interesting: \""Chaos Theory,\"" \""Fundamentals behind Technical Analysis\"" and \""Neural Networks.\"" Of these, the first and last may well represent the two most important new approaches to technical analysis to have been developed in a very long time and may lead to unprecedented trading strategies. The second article is must reading for all technicians. Too often, fundamentals are ignored in our technical quest of the market, yet most ratios, spreads and sentiment indicators are a function of values that can be affected (and destroyed) by economic and political changes.
I read the chaos article particularly critically, since it is an approach that I have found fascinating but elusive. Bernd Anders' discussion was commendable. It must have been difficult to condense such a vast and highly technical subject into a short, yet readable, essay. However, without intending any criticism, I think a couple of amplifications and modifications may be in order."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-1-45-45-letters-to-s-c-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-1-45-45-letters-to-s-c-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-1-45-45-letters-to-s-c-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v81039sidcal1,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-8-chapter-10"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:10 (392-395): SIDEBAR: Calculating the standard deviation of closing prices"",""caption-linebreaks"":""SIDEBAR: Calculating the standard deviation of closing prices
The standard deviation of closing prices is easy to calculate. Most spreadsheet programs have built-in statistical functions such as average, variance and standard deviation. In Lotus, for example, you could\nuse: @STD(closing price array) defined over a range encompassing the period under consideration."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-10-392-395-sidebar-calculating-the-standard-deviation-of-closing-prices-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-10-392-395-sidebar-calculating-the-standard-deviation-of-closing-prices-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-10-392-395-sidebar-calculating-the-standard-deviation-of-closing-prices-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v81039sidcal,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-8-chapter-10"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:10 (392-395): SIDEBAR: Calculating the standard deviation of the percentage change in closing prices"",""caption-linebreaks"":""SIDEBAR: Calculating the standard deviation of the percentage change in closing prices
Calculating the ratio of two sequential prices in Lotus is straightforward. The natural log function is preprogrammed as @In(). The standard deviation of the logs can then be calculated with the @STD() function. Since the denominator in the @STD function is n rather than (n-1), the result should be multiplied by the square root of n/(n-1) and further annualized with the proper A factor."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-10-392-395-sidebar-calculating-the-standard-deviation-of-the-percentage-change-in-closing-prices-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-10-392-395-sidebar-calculating-the-standard-deviation-of-the-percentage-change-in-closing-prices-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-10-392-395-sidebar-calculating-the-standard-deviation-of-the-percentage-change-in-closing-prices-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v81039sidwei,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-8-chapter-10"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:10 (392-395): SIDEBAR: Weighting schemes to computes implied volatility"",""caption-linebreaks"":""SIDEBAR: Weighting schemes to computes implied volatility
This sidebar lists the types of weights based on volume, distance in- or out-of-the-money, and volatility."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-10-392-395-sidebar-weighting-schemes-to-computes-implied-volatility-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-10-392-395-sidebar-weighting-schemes-to-computes-implied-volatility-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-10-392-395-sidebar-weighting-schemes-to-computes-implied-volatility-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v81039sidsum,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-8-chapter-10"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:10 (398-403): SIDEBAR: Summary statistics"",""caption-linebreaks"":""SIDEBAR: Summary statistics
Summary statistics can provide most of the relevant statistical information for a stock option or commodity contract. In particular, the mean ut is the expected value of the closing price on day t and represents an average measure of the closing price; the standard deviation st is a measure of dispersion about the mean on day t; and the autocorrelation function r(t,s) is a measure of the dependence between the closing prices on days t and s."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-10-398-403-sidebar-summary-statistics-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-10-398-403-sidebar-summary-statistics-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-10-398-403-sidebar-summary-statistics-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v81040lettos,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-8-chapter-10"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:10 (403-403): Letters to S&C"",""caption-linebreaks"":""Letters to S&C
Editor,
Contrary to the disappointed reader who wrote to cancel his subscription, I find your magazine\ninvaluable. If I get just one or two ideas a year from it, the rewards can be substantial."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-10-403-403-letters-to-s-c-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-10-403-403-letters-to-s-c-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-10-403-403-letters-to-s-c-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v81141sidopp,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-8-chapter-11"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:11 (419-422): SIDEBAR: Option price sensitivity and the Greek alphabet"",""caption-linebreaks"":""SIDEBAR: Option price sensitivity and the Greek alphabet
To analyze the risk/reward profiles of option strategies, traders measure the sensitivity of option strategies to unit changes in independent variables such as the price of the underlying security, interest rates, volatility, and so forth. These sensitivities are traditionally designated by Greek letters."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-11-419-422-sidebar-option-price-sensitivity-and-the-greek-alphabet-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-11-419-422-sidebar-option-price-sensitivity-and-the-greek-alphabet-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-11-419-422-sidebar-option-price-sensitivity-and-the-greek-alphabet-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v81247nysbul,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-8-chapter-12"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:12 (478-480): NYSE Bullish Percent As An S&P Indicator by Thomas J. Dorsey"",""caption-linebreaks"":""NYSE Bullish Percent As An S&P Indicator by Thomas J. Dorsey
At a time when all eyes are on computerized trading and terms such as stochastics, waves, Fibonacci numbers and R factors are being hurled about, most investors are overlooking the simple market indicators that have worked for years. One such indicator is the New York Stock Exchange Bullish Percent Index.
Where most investors go wrong is not knowing when to sell. I look at the market like a football game. There is a time to have the offensive team on the field (buy stocks) and a time to have the defensive team on the field (sell or hedge stocks). The NYSE Bullish Percent Index can be instrumental in helping investors gauge prevailing risk in the marketplace. Understanding which team to put on the field, offensive or defensive, is the key to risk management. Risk perception is the key to risk management.
The NYSE Bullish Percent has been one of the best at calling intermediate market tops and bottoms since it was created by Chartcraft in 1955. It is based on the percent of stocks on the NYSE that have bullish point and figure charts."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-12-478-480-nyse-bullish-percent-as-an-s-p-indicator-by-thomas-j-dorsey-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-12-478-480-nyse-bullish-percent-as-an-s-p-indicator-by-thomas-j-dorsey-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-12-478-480-nyse-bullish-percent-as-an-s-p-indicator-by-thomas-j-dorsey-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v81348quicsc9,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:13 (485-485): Quick Scans: 1989/1990 ENCYCLOPEDIA OF CLOSED END FUNDS"",""caption-linebreaks"":""1989/1990 ENCYCLOPEDIA OF CLOSED END FUNDS
Thomas J. Herzfeld Advisors, Inc.
P.O. Box 161465
Miami, FL 33116
(305) 271-1900
Author: Thomas J. Herzfeld
Price: $125
If you are a mutual fund trader with substantial assets to commit to trading, you have to decide which\nfund families within which to trade. The most popular fund group for heavy-duty traders is the Fidelity\nSelect Group. However, this group has some fairly heavy-duty costs associated with it. For instance, if\nyou trade in the Select Group, you could pay a sales charge of 2% to get into the group, and another 1%\nto get out. If you are investing large sums, I believe you should consider trading closed end funds at\nheavily discounted commissions.
With the publication of the book, 1989/1990 Encyclopedia of Closed End Funds (which we are told will\nbe revised annually), getting information on closed end funds just got a whole lot easier. Because closed\nend fund shares are bought on the open market and not from the fund itself, there is no prospectus. The\nonly sources of information put out by the fund are the regular quarterly and annual reports typical of\npublicly traded corporations."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-485-485-quick-scans-1989-1990-encyclopedia-of-closed-end-funds-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-485-485-quick-scans-1989-1990-encyclopedia-of-closed-end-funds-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-485-485-quick-scans-1989-1990-encyclopedia-of-closed-end-funds-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v81348quicsc,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:13 (485-485): Quick Scans: INVESTING IN GROWTH STOCKS"",""caption-linebreaks"":""QUICK SCANS: INVESTING IN GROWTH STOCKS
Even traders who are focused on the commodity markets for their financial goals at some time may elect to look toward the stock market for other opportunities. Technical analysis provides the framework for success in the stock market, but an individual also may be interested in a fundamental approach for determining if a particular stock should be bought or sold. Investing in Emerging Growth Stocks is an excellent place to develop this background."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-485-485-quick-scans-investing-in-growth-stocks-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-485-485-quick-scans-investing-in-growth-stocks-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-485-485-quick-scans-investing-in-growth-stocks-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v81348quicsc1,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:13 (486-486): Quick Scans: THE COMPLETE GUIDE TO CLOSED END FUNDS"",""caption-linebreaks"":""QUICK SCANS: THE COMPLETE GUIDE TO CLOSED END FUNDS
This book covers 164 mainstream closed end funds arranged alphabetically within seven bond fund categories and six equity fund categories. It has the second widest coverage of closed end funds available from a single source."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-486-486-quick-scans-the-complete-guide-to-closed-end-funds-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-486-486-quick-scans-the-complete-guide-to-closed-end-funds-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-486-486-quick-scans-the-complete-guide-to-closed-end-funds-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v81348quicsc8,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:13 (486-486): Quick Scans: THE TECHNICAL ANALYSIS COURSE"",""caption-linebreaks"":""THE TECHNICAL ANALYSIS COURSE: A WINNING PROGRAM FOR STOCK & FUTURES\nTRADERS AND INVESTORS
Probus Publishing Company
Chicago, Illinois
(800) 426-1520
Author: Thomas A. Meyers
Price: $55
This is not a book for experienced traders. It doesn't tie technical concepts together in an unusual way or\noffer a new twist that makes it \""must reading.\"" So, if you already have a basic understanding of such\ntechnical analysis terms as trend, oscillators, consolidation patterns and volume/open interest, then save\nyour money for something else that could sharpen your trading savvy.
But if you are a neophyte to the markets or have a friend who is, this may be the book for you. It won't\nturn you into an overnight market wizard. You will, however, acquire an excellent grasp of market\nterminology and be a step ahead toward trading success and fortune."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-486-486-quick-scans-the-technical-analysis-course-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-486-486-quick-scans-the-technical-analysis-course-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-486-486-quick-scans-the-technical-analysis-course-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v81348quicsc10,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:13 (486-487): Quick Scans: THE ENCYCLOPEDIA OF TECHNICAL MARKET INDICATORS"",""caption-linebreaks"":""THE ENCYCLOPEDIA OF TECHNICAL MARKET INDICATORS
Dow Jones-lrwin
(800) 634-3961
Authors: Robert Colby and\nThomas Meyers
Price: $47.50
Can a reviewer treat an encyclopedia or dictionary to the same scrutiny as a book? Thirty pages into The\nEncyclopedia, I concluded the answer was no. Instead, I evaluated the book as it was meant to be\nused—primarily to define terms and obtain information on specific topics.
The Encyclopedia is a must book for serious and would-be students of the market. It offers more than\ndefinitions; it is a compendium of technical market indicators (110 by my count) and an I overview of\nvarious methods for evaluating technical market indicators.
Referring at random to the entry for the Hurlan Index, one of the 100 technical indicators, I found a\ndefinition, information about its origin and interpretation, the outcome of tests the authors performed on\nthe index using daily data from January 1962 to March 1967 and weekly data from January 1937 to\nMarch 1987 and an assessment of the indicator. This information enables the reader to judge the\nusefulness of the indicator for decision-making."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-486-487-quick-scans-the-encyclopedia-of-technical-market-indicators-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-486-487-quick-scans-the-encyclopedia-of-technical-market-indicators-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-486-487-quick-scans-the-encyclopedia-of-technical-market-indicators-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v81348quicsc2,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:13 (487-487): Quick Scans: WALL STREET MICRO INVESTOR"",""caption-linebreaks"":""QUICK SCANS: WALL STREET MICRO INVESTOR
Wall Street On-Line Publishing produces a group of publications and products in several categories that technically oriented traders should know about:
• Monthly publications (hard copy and audiocassettes)
• Teaching products (hard copy and audiocassettes)
• Charting software
• General software
• Expert system software
Produced under the tutelage of Howard Young, Ph.D., virtually all the material represents a sustained effort to apply relatively simplistic technical trading tools to a variety of markets. According to Young, he tests all the actual trading products with real money at risk in the markets before releasing them to the public."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-487-487-quick-scans-wall-street-micro-investor-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-487-487-quick-scans-wall-street-micro-investor-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-487-487-quick-scans-wall-street-micro-investor-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v81348quicsc7,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:13 (487-488): Quick Scans: DOW THEORY REDUX"",""caption-linebreaks"":""DOW THEORY REDUX
Probus Publishing Company
Chicago, Illinois
(800) 426-1520
Author: Michael Sheimo
Price: $22.95
Over the years much has been written about the Dow Theory. Many stock market traders have made and\nlost untold fortunes based on their understanding or misunderstanding of Charles Dow's theory.
No doubt Dow would be surprised to know that his thoughts on the behavior and relationships of prices\nhave survived almost 100 years. Of greater surprise might be the psychological and technical effect this\naverage has on worldwide price movements.
Michael Sheimo begins where William Hamilton and Robert Rhea (circa 1935) left off. The word redux\nin the book's title explains everything. Redux refers to a re-examination of the \""traditional\"" Dow Theory\nwith attention given to its clarification and use for the 1990s and 21st century. Readers looking for a\ncomprehensive discussion of Dow's Theory will not find it here. Rhea's writings would better serve this\npurpose."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-487-488-quick-scans-dow-theory-redux-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-487-488-quick-scans-dow-theory-redux-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-487-488-quick-scans-dow-theory-redux-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v81348quicsc3,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:13 (488-488): Quick Scans: NEW YORK INSTITUTE OF FINANCE INVESTOR'S DESK REFERENCE"",""caption-linebreaks"":""QUICK SCANS: NEW YORK INSTITUTE OF FINANCE INVESTOR'S DESK REFERENCE
At one time, investing was limited to buying and holding stocks. Saving money was something you did at the bank. Securing a standard of living during retirement meant relying on a pension fund and Social Security. With the advent of options, futures contracts, debt instruments, mutual funds, retirement accounts and the like, today's investor is confronted with a multitude of financial questions in the attempt to best suit his or her goals."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-488-488-quick-scans-new-york-institute-of-finance-investor-s-desk-reference-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-488-488-quick-scans-new-york-institute-of-finance-investor-s-desk-reference-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-488-488-quick-scans-new-york-institute-of-finance-investor-s-desk-reference-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v81348quicsc6,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:13 (488-489): Quick Scans: REMINISCENCES OF A STOCK OPERATOR"",""caption-linebreaks"":""REMINISCENCES OF A STOCK OPERATOR
Books of Wall Street collection
Fraser Publishing
Box 394
309 S. Willard
Burlington, VT 05402
(802) 658-0322
Price: $12 paperback, $20 hardcover
Rags to riches, then back again—several times. The ups and downs in the life of pseudonymous author\nEdwin Lefèvre should be enough to grab the attention and sympathy of any trader. Reminiscences of a\nStock Operator is believed to be the biography of Jesse L. Livermore, one of the greatest speculators of\nthe early to mid-20th century.
The subject of this book began his career as a boy working as an operator chalking prices at a brokerage\noffice. While still in his teens he learned to outswindle the swindlers, turning the then-prevalent bucket\nshops' own dishonest methods against them to take a profit.
These bucket shops existed to sell highly leveraged \""securities\"" to a gullible public. Instead of actually\nbuying or selling stock, the bucket-shop traders were, in essence, betting on small fluctuations in price.\nThe orders were never actually executed. Instead, order tickets were thrown in a \""bucket.\"" The bucket\nshop operators set punitive margin rules and counted on small reactions to shake out the speculators who\nwere all heavily leveraged and vulnerable. These and other tricks allowed bucket-shop operators to take a\ngood portion of the invested money."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-488-489-quick-scans-reminiscences-of-a-stock-operator-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-488-489-quick-scans-reminiscences-of-a-stock-operator-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-488-489-quick-scans-reminiscences-of-a-stock-operator-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v81348quicsc4,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:13 (489-489): Quick Scans: THE DOW JONES-IRWIN GUIDE TO TRADING SYSTEMS"",""caption-linebreaks"":""QUICK SCANS: THE DOW JONES-IRWIN GUIDE TO TRADING SYSTEMS
For the trader who has a grasp on the fundamentals of technical analysis and is getting ready to buy a mechanical trading system, The Dow Jones-Irwin Guide to Trading Systems is a good primer on the subject—but little more.
The material presented in this book can be divided into trading systems information and general market history and information. The first third of the book discusses everything from W.D. Gann (who predicts that 1990 will be a bearish year for the market) to why people fail in the market. Also thrown in are benefits of the mechanical approach, gossip about various system developers and considerations in testing a trading system."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-489-489-quick-scans-the-dow-jones-irwin-guide-to-trading-systems-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-489-489-quick-scans-the-dow-jones-irwin-guide-to-trading-systems-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-489-489-quick-scans-the-dow-jones-irwin-guide-to-trading-systems-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v81348quicsc5,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:13 (489-490): Quick Scans: Stock Market Technique: Number Two"",""caption-linebreaks"":""Stock Market Technique: Number Two
Fraser Publishing Co.
Burlington, VT
(802) 658-0322
Author: Richard D. Wyckoff
Price: $14
Whether you flip for heads or tails, you win with this book. Yes, this is a win-win book, filled with\ninformation about people and the market as true today as when it was written in the 1900s. Only the\nnames and dates need to be changed, because the facts remain the same.
The wisdom and market insights gleaned from this book will serve the reader into the next century and\nfor as long as there is a price determination mechanism based on supply and demand fueled by fear and\ngreed.
Richard D. Wyckoff was a keen observer and excellent chronicler, and one of few who took time to\nunderstand the dynamics between people, money and the stock market. In this book is the wisdom of the\nstock market sphinx which, if read, comprehended and followed, will aid in the understanding of\nyourself, others and the building of your trading fortunes."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-489-490-quick-scans-stock-market-technique-number-two-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-489-490-quick-scans-stock-market-technique-number-two-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-489-490-quick-scans-stock-market-technique-number-two-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v81349quicsc1,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:13 (490-490): Quick Scans: PROFESSIONAL BREAKOUT SYSTEM"",""caption-linebreaks"":""QUICK SCANS: PROFESSIONAL BREAKOUT SYSTEM
If I were looking for analogies, I'd call the Professional Breakout System (PBS) a Volkswagen Beetle—a simple, no-frills product that has all the necessities for a low price—but it's really much more than that. PBS is a fully disclosed trading system using the breakout of a dynamic average true range and a nifty graphics package to show the results of your trading, not to mention a wealth optimization routine to find the set of parameters you can use."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-490-490-quick-scans-professional-breakout-system-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-490-490-quick-scans-professional-breakout-system-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-490-490-quick-scans-professional-breakout-system-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v81349quicsc9,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:13 (490-491): Quick Scans: PC HOOKUP 2.0"",""caption-linebreaks"":""PC HOOKUP 2.0
Brown Bag Software
2155 South Bascom Ave., Suite 114
Campbell, CA 95008
(800) 523-0764
In California, (800) 323-5335
Product: Hardwire data transfer, remote computer control and telecommunications (modem) software
Price: $129.95
Many expensive methods are available to transfer data (mostly files) from one personal computer to\nanother. Networks are the most popular way at the moment, and they do offer the most flexibility.\nHowever, the most efficient method, short of sneaker-net — actually transporting disks between\nmachines by foot rather than sending the data electronically—is a direct cable hookup between the two\nmachines.
The software need only be straightforward, and the speed of transfer is usually far faster than the usual\nnetwork that must overlay the transferred data with the network's packet information and involves lots of\ngive-and-take between client and server."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-490-491-quick-scans-pc-hookup-2-0-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-490-491-quick-scans-pc-hookup-2-0-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-490-491-quick-scans-pc-hookup-2-0-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v81349quicsc10,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:13 (491-491): Quick Scans: STUDY HELPS IN POINT AND FIGURE TECHNIQUE"",""caption-linebreaks"":""STUDY HELPS IN POINT AND FIGURE TECHNIQUE
Fraser Publishing Co.
309 S. Willard St.
P.O. Box 494
Burlington, VT 05402
(802) 658-0322
Author: Alexander Wheelan
Price: $16
I read this book twice before writing my review. I was amazed at the market wisdom and trading insights\nthat can be gleaned from its 72 pages.
From a title such as Study Helps in Point and Figure Technique , you might expect a discussion of the\nconstruction and use of point and figure (P&F) charts for market analysis. Yes, that is covered, but the\nauthor accomplishes much more. Author Alexander Wheelan presents, with great clarity, an in-depth\ndiscussion of how to analyze the underlying strength or weakness of the current market\n(accumulation/distribution and overbought/sold conditions) and how to anticipate the direction and\namount of future price action based on current and past P&F formations and count guides."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-491-491-quick-scans-study-helps-in-point-and-figure-technique-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-491-491-quick-scans-study-helps-in-point-and-figure-technique-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-491-491-quick-scans-study-helps-in-point-and-figure-technique-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v81349quicsc,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:13 (491-491): Quick Scans: THE INVESTOR'S SELF- TEACHING SEMINARS: USING TECHNICAL ANALYSIS"",""caption-linebreaks"":""QUICK SCANS: THE INVESTOR'S SELF- TEACHING SEMINARS: USING TECHNICAL ANALYSIS
The Investor's Self-Teaching Seminars: Using Technical Analysis is a good introductory or refresher book about price charting and patterns of technical analysis. Unlike many other technical analysis books, this one is in a workbook format, where each chapter is a lesson on a price pattern technique (such as uptrends, downtrends, tops, bottoms, reversals or triangles) with exercises that follow. After the reader has completed the exercises, answers and explanations are provided at the end of the book so the learner can evaluate his price pattern recognition abilities. In chapters 2 through 6, Pistolese explains a price pattern technique"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-491-491-quick-scans-the-investor-s-self-teaching-seminars-using-technical-analysis-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-491-491-quick-scans-the-investor-s-self-teaching-seminars-using-technical-analysis-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-491-491-quick-scans-the-investor-s-self-teaching-seminars-using-technical-analysis-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v81349quicsc2,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:13 (492-492): Quick Scans: SWING CATCHER"",""caption-linebreaks"":""QUICK SCANS: SWING CATCHER
Swing Catcher's latest incarnation features fully automatic analytical runs for picking parameters. If that doesn't fit your style, Trend Index will mail you the latest parameters as determined by its own 25 MHz 386 number grinder.
Swing Catcher is a trading program that originally was used on 11 trending markets (Swiss franc, Deutschemark, yen, British pound, Treasury bonds, Eurodollars, gold, copper, soybeans, cotton and the S&P 500). Now, however, it's been expanded to 37 markets, too numerous to list here. Originally, the idea was to match up with a market's natural rhythm, its cycles or \""harmonics.\"" This necessitated constantly reanalyzing the price data as harmonics appeared and disappeared or adjusted in amplitude. Over the years, numerous patterns have been added to the rules as well as three modes of trading (conservative, moderate or aggressive), logic to minimize drawdowns and the ability to rank markets based on their trending behavior. Although it adjusts its entries and stops as volatility changes so as to catch as many of the swings as possible, Swing Catcher is, according to the manual, still best at trend-following."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-492-492-quick-scans-swing-catcher-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-492-492-quick-scans-swing-catcher-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-492-492-quick-scans-swing-catcher-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v81349quicsc11,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:13 (492-492): Quick Scans: THE ANALYSIS AND FORECASTING OF LONG-TERM TRENDS IN THE CASH AND FUTURES MARKETS"",""caption-linebreaks"":""THE ANALYSIS AND FORECASTING OF LONG-TERM TRENDS IN THE CASH AND FUTURES MARKETS
Probus Publishing, 118 N. Clinton\nSt., Chicago, IL 60606
(800) 776-2871
Author: Jacob Bernstein
Price: $137.50
The Analysis and Forecasting of Long-Term Trends in the Cash and Futures Markets is the companion\nvolume to Short-Term Trading in Futures , similar in format and content (\""Short-Term Trading in\nFutures,\"" Stocks & Commodities, February 1990). The primary difference between the two, of course, is\nits application to long-term trends. References and quotes from writers like P.D. Ouspensky and Wats\nadd a metaphysical flair to the book.
Numerous pages of practice charts are presented. Unfortunately, Jacob Bernstein provides little or no\ncommentary. This is too bad, since this would be an excellent means for readers to test their\nunderstanding of the material and could have been the ideal place for the author to discuss nuances of\ntechnical theory as applied to actual market conditions."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-492-492-quick-scans-the-analysis-and-forecasting-of-long-term-trends-in-the-cash-and-futures-markets-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-492-492-quick-scans-the-analysis-and-forecasting-of-long-term-trends-in-the-cash-and-futures-markets-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-492-492-quick-scans-the-analysis-and-forecasting-of-long-term-trends-in-the-cash-and-futures-markets-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v81349quicsc21,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:13 (493-493): Quick Scans: MAKE MONEY WITH S&P 500 OPTIONS USING GRANDMILL'S OPTION TABLES"",""caption-linebreaks"":""MAKE MONEY WITH S&P 500 OPTIONS USING GRANDMILL'S OPTION TABLES
Windsor Books
P.O. Box 280
Brightwaters, NY 11718
Distributed by Probus Publishing
118 North Clinton Street
Chicago, IL 60606
(312) 346-7985 or (800) 426-1520
Author: William Grandmill
Price: $44.95
The wise fool knows that most options traders lose money. The reasons for their losses are that most\ntraders do not have a clearly articulated options trading strategy and have not calculated, prior to the\ntrade, the options profit/loss possibilities under varying future market conditions.
This book differs from others on options trading in that it begins where others normally end. Little\nattention is given to \""standard\"" topics as volatility, break-even graphs or theoretical option pricing.\nEmphasis is given to developing option trading strategies and their profit/loss potential, which you create\nand customize for particular market conditions and/or trading objectives."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-493-493-quick-scans-make-money-with-s-p-500-options-using-grandmill-s-option-tables-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-493-493-quick-scans-make-money-with-s-p-500-options-using-grandmill-s-option-tables-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-493-493-quick-scans-make-money-with-s-p-500-options-using-grandmill-s-option-tables-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v81349quicsc3,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:13 (493-493): Quick Scans: TECHNICAL TRADERS BULLETIN"",""caption-linebreaks"":""Quick Scans: TECHNICAL TRADERS BULLETIN
New traders looking for current ideas on trading may be interested in an eight-page newsletter for technical analysts called Technical Traders Bulletin , edited by Charles Le Beau. Each issue covers trading ideas ranging from daytrading to a much longer-term perspective."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-493-493-quick-scans-technical-traders-bulletin-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-493-493-quick-scans-technical-traders-bulletin-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-493-493-quick-scans-technical-traders-bulletin-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v81349quicsc15,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:13 (493-493): Quick Scans: TRADING RULES: STRATEGIES FOR SUCCESS"",""caption-linebreaks"":""TRADING RULES: STRATEGIES FOR SUCCESS
Longman Financial
Services Publishing
520 North Dearborn Street
Chicago, IL 60610-4975
(312) 836-4400
Author: William F. Eng
Price: $29.95
William F. Eng has compiled the best 50 trading rules and thoughts that he has observed and heard in\nmore than 20 years of trading professionally in Trading Rules: Strategies for success. Although many of\nthe rules that he sets forth may seem obvious, his personal insight shows how an axiom may be\nappropriate or brutally wrong, depending on the situation. So how do you know when to use or not use a\nparticular rule?
Well, the first prerequisite, according to Eng, is to get 10 years of trading experience to develop the skills\nto decipher when and when not to use a rule.
Despite that somewhat limiting rule, in this volume Eng explains and illustrates what works, what doesn't\nand why. His rules may help turn profits into bigger profits and keep profitable positions from turning\ninto losses. The key here is money management and a long-term focus on successful trading."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-493-493-quick-scans-trading-rules-strategies-for-success-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-493-493-quick-scans-trading-rules-strategies-for-success-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-493-493-quick-scans-trading-rules-strategies-for-success-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v81349quicsc4,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:13 (494-494): Quick Scans: MIND OVER MARKETS"",""caption-linebreaks"":""QUICK SCANS: MIND OVER MARKETS
This is simply an excellent book! We must have read nearly every book ever written on Market Logic, and we agree this is the best so far.
James Dalton and Eric Jones are both knowledgeable traders, experienced with Market Logic and how to interpret the markets utilizing its approach. Robert Dalton is a professional writer and presents this knowledge superbly."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-494-494-quick-scans-mind-over-markets-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-494-494-quick-scans-mind-over-markets-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-494-494-quick-scans-mind-over-markets-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v81349quicsc20,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:13 (494-494): Quick Scans: TECHNICAL ANALYSIS IN THE UK OPTIONS MARKET"",""caption-linebreaks"":""TECHNICAL ANALYSIS IN THE UK OPTIONS MARKET
Heron Publishing Ltd.
Suite 33, Barley Mow Passage
London England W4 4PH
Author: Richard Hexton
Price: £29.95 + £1.95 postage and handling
Here's a new book that may be of interest to technically oriented traders and investors intrigued by the\nLondon markets. Technical Analysis in the UK Options Market is a somewhat misleading title in that\nnine of the 10 chapters are on technical analysis, with the 10th chapter discussing the U.K. options\nmarket.
The examples of charts throughout the book are on London-traded instruments, with the Dow Jones\nIndustrial Average occasionally being depicted. The first three chapters cover the psychology of\ninvesting, trend analysis, and moving averages. The charts are numerous, with concise paragraphs\nillustrating the important points that are demonstrated in the chart. Chapter 4 covers short-term oscillators\nsuch as Relative Strength Indicator, momentum, moving average convergence/divergence and stochastics."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-494-494-quick-scans-technical-analysis-in-the-uk-options-market-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-494-494-quick-scans-technical-analysis-in-the-uk-options-market-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-494-494-quick-scans-technical-analysis-in-the-uk-options-market-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v81349rigonm,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:13 (495-495): Right on the Money by John Sweeney"",""caption-linebreaks"":""Quick Scan: Right on the Money by John Sweeney
We rarely receive pure chart books anymore. They had a wonderful and varied history up through the 1960s but now seem scarce. I can't recall ever getting a comprehensive chart book on the financial tradeables that cropped up during the 1970s and 1980s. Chart books had not been around that long at the time, and many players preferred quantitative analytical tools, not chart patterns.
To reverse the trend, Adam Hewison has produced Right on the Money, a chart compendium with technical annotations for the major currencies (pound sterling, Canadian dollar, Deutschemark, French and Swiss francs, and yen) traded between 1972 and 1989. These tradeables are considered by many to be the best trending of all, and an ideal vehicle for traditional chart analysis."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-495-495-right-on-the-money-by-john-sweeney-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-495-495-right-on-the-money-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-495-495-right-on-the-money-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v81349quicsc14,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:13 (496-496): Quick Scans: GRAHAM & DODD'S SECURITY ANALYSIS, 5TH EDITION"",""caption-linebreaks"":""GRAHAM & DODD'S SECURITY ANALYSIS, 5TH EDITION
Originally by: Benjamin Graham\n& David Dodd
Fifth edition by: Sidney Cottle, Roger F. Murray and Frank E. Block
Publisher: McGraw-Hill, 1221 Avenue of the Americas, New York, NY 10020
(800) 2-MCGRAW
Graham & Dodd's Security Analysis is the fundamental advocate's bible to security investments. The\nbook has been in print for more than 50 years and more than 750,000 copies have been sold. Graham and\nDodd are considered the founders of the valuation approach to security analysis and investing, an\napproach to long-term investing that depicts a corporation's ability to perform in our changing markets by\nevaluating its earning potential. This approach has proved to be successful throughout our changing\ninvestment environment, and recently, it has become more popular as many investors try to find\nanti-recessionary securities.
— Mike Takano"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-496-496-quick-scans-graham-dodd-s-security-analysis-5th-edition-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-496-496-quick-scans-graham-dodd-s-security-analysis-5th-edition-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-496-496-quick-scans-graham-dodd-s-security-analysis-5th-edition-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v81349quicsc19,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:13 (496-496): Quick Scans: PROFITS IN THE STOCK MARKET"",""caption-linebreaks"":""PROFITS IN THE STOCK MARKET
Author: H.M. Gartley
Publisher: Lambert-Gann\nPublishing
PO Box 0, Pomeroy, WA 99347
(509) 843-1094
Profits in the Stock Market is another timeless book, first published by Gartley in 1935. At that time, it\nwas bound in a simple three-ring binder and less than 1,000 copies were sold. In 1979, the Lambert-Gann\nPublishing Co. purchased the copyright from Gartley's widow and, in 1981, the book was finally made\navailable in a hardbound edition. This book is a great technical resource, with good detail and\norganization. It's almost like a technical analysis handbook because a trader can easily reference price\npattern topics such as tops, where nine different types of tops are explained and illustrated."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-496-496-quick-scans-profits-in-the-stock-market-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-496-496-quick-scans-profits-in-the-stock-market-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-496-496-quick-scans-profits-in-the-stock-market-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v81349quicsc22,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:13 (496-496): Quick Scans: SOME CLASSICS OF SECURITIES ANALYSIS"",""caption-linebreaks"":""SOME CLASSICS OF SECURITIES ANALYSIS
Finding good investment-related books is not an easy task. Whether you want to get ahead or just keep up\nwith investment techniques and markets across the world, you may not have found many resources in the\npast. Fortunately, more books for the professional trader are being published than ever before. Few,\nhowever, have the potential to be the end-all, be-all of the industry—no \""bibles.\"" That's not to say there\naren't a great many books out there. There just aren't that many comprehensive books.
From time to time we'll publish by specific topic a list of books that have developed into great resources\nand that you should be sure to include in your trading library. We'll start with securities this time, with\nthree books that have often been mentioned.
Mike Takano"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-496-496-quick-scans-some-classics-of-securities-analysis-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-496-496-quick-scans-some-classics-of-securities-analysis-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-496-496-quick-scans-some-classics-of-securities-analysis-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v81349quicsc5,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:13 (496-496): Quick Scans: TECHNICAL ANALYSIS OF STOCK TRENDS"",""caption-linebreaks"":""Quick Scans: TECHNICAL ANALYSIS OF STOCK TRENDS
This book is considered by many technicians to be the bible of technical analysis. Edwards and Magee wrote this book in the 1940s, but with more than 16 print runs after its initial release, you could say that its timelessness has been proved by decades of investors."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-496-496-quick-scans-technical-analysis-of-stock-trends-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-496-496-quick-scans-technical-analysis-of-stock-trends-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-496-496-quick-scans-technical-analysis-of-stock-trends-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v81349quicsc18,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:13 (497-497): Quick Scans: COMPUTERIZED TRADING STRATEGIES"",""caption-linebreaks"":""COMPUTERIZED TRADING STRATEGIES
Author: Ethel R.K. Goldman, 1988
Publisher: John Wiley & Sons
605 Fifth Avenue
New York, NY 10158-0012
Price: $29.95
Computerized Trading Strategies is not a book of strategies about trading, but a step-by-step guide to\nprogramming (in BASIC) your computer to assist you in technical analysis. The author explains in a very\nclear manner enough about BASIC for you to be able to receive data from vendors, store the data into\nfiles and program trading indicators.
Ethel Goldman begins with a primer on the stock and commodities markets and then moves into a\ndiscussion on BASIC and DOS for beginning programming. The following chapter covers how to find\nmistakes and how to correct them. At this point the reader is presented with a series on the various\nvendors and the style of their formats for both stocks and commodities."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-497-497-quick-scans-computerized-trading-strategies-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-497-497-quick-scans-computerized-trading-strategies-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-497-497-quick-scans-computerized-trading-strategies-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v81349quicsc6,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:13 (497-497): Quick Scans: CONFESSIONS OF AN OPTIONS STRATEGIST"",""caption-linebreaks"":""Quick Scans: CONFESSIONS OF AN OPTIONS STRATEGIST
Here is an easy-to-understand book on options. Of course, it is necessarily short on details, but it is a good primer for the beginner."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-497-497-quick-scans-confessions-of-an-options-strategist-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-497-497-quick-scans-confessions-of-an-options-strategist-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-497-497-quick-scans-confessions-of-an-options-strategist-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v81349quicsc13,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:13 (497-498): Quick Scans: PACIOLI 2000"",""caption-linebreaks"":""PACIOLI 2000
M-USA Business Systems, Inc.
18111 Preston Rd., Ste 500
Dallas, TX 75252
(800) 345-4243
Price: $49.95 and $7.50 shipping & handling
System Requirements:
-IBM PC, XT, AT, PS/2 or 100% compatible
-MS-DOS 2.0 or greater; 3.1 or greater for Novell (or 100% compatible) networks
-One 5.25- or 3.5-inch floppy disk drive
-Minimum of 4MB of available hard disk space
-640K RAM
-Color or monochrome monitor with graphics capability
Recommended: Microsoft or compatible mouse
Pacioli 2000 is a multiple module/single system accounting software package that allows the full use of\nyour computer's power without having to switch between programs. Eight modules are built within the\nPacioli 2000 system: General Ledger, Accounts Receivable, Accounts Payable, Inventory Control,\nPurchasing, Billing, Budgeting and Auditing (no payroll).
Each accounting task is easily accomplished through Pacioli's menu bar, pulldown menus with expanded\noptions and command bar for program functions. The system is relatively easy to use. The\ndocumentation, video tutorial, free unlimited customer support and F1 help key are examples of the detail\nthat the developers of Pacioli 2000 went through to provide a useful and complete accounting software\npackage."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-497-498-quick-scans-pacioli-2000-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-497-498-quick-scans-pacioli-2000-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-497-498-quick-scans-pacioli-2000-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v81349quicsc7,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:13 (498-498): Quick Scans: AN ELLIOTT WAVE PRINCIPLE ALTERNATIVE"",""caption-linebreaks"":""Quick Scans: AN ELLIOTT WAVE PRINCIPLE ALTERNATIVE
As an approach to forecasting, the Elliott wave technique has been applied to everything from the stock market to business cycles. Many traders are fascinated by the technique's combination of rules, strategies and explanations for various market phenomena. If you're a trader who wants to complement your own Elliott wave forecasting of the Dow Jones Industrial Average (DJIA), then this biweekly newsletter should be of interest to you."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-498-498-quick-scans-an-elliott-wave-principle-alternative-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-498-498-quick-scans-an-elliott-wave-principle-alternative-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-498-498-quick-scans-an-elliott-wave-principle-alternative-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v81349quicsc17,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:13 (498-499): Quick Scans: MORTGAGE-BACKED SECURITIES: PRODUCTS, ANALYSIS, TRADING"",""caption-linebreaks"":""MORTGAGE-BACKED SECURITIES: PRODUCTS, ANALYSIS, TRADING
New York Institute of Finance
70 Pine Street
New York, NY 10270-0003
(201) 767-5937
Author: William W. Bartlett, 1989
Price: $ 49.95
Mortgage-backed securities (MBS) have taken over as one of the primary focuses for portfolio managers\nas instruments by which to increase yield. Whenever there is an increase in yield (compared with a U.S.\nTreasury bond), however, there will be an additional assumption of risk, and MBS have both. A thorough\nunderstanding of the characteristics of mortgage-backed securities and the derivative products that Wall\nStreet has conjured up is mandatory. This book is a very readable guide to understanding these securities.
The first section is a historical review of the mortgage market and an overview of the types of loans that\nmake up the underlying collateral for MBS. This is followed by a discussion of the performance of\nmortgages compared with other fixed-income securities and the mortgage banking business and\nconcludes with the outlook for the trends of the mortgage market."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-498-499-quick-scans-mortgage-backed-securities-products-analysis-trading-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-498-499-quick-scans-mortgage-backed-securities-products-analysis-trading-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-498-499-quick-scans-mortgage-backed-securities-products-analysis-trading-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v81349quicsc16,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:13 (499-499): Quick Scans: 1990 SPREAD TRADER'S SEASONAL JOURNAL"",""caption-linebreaks"":""1990 SPREAD TRADER'S SEASONAL JOURNAL
Stotler & Co.
200 West Adams, Suite 2400
Chicago, IL 60606
(312) 704-9000
Author: Wayne Esserman
Price: $27
The author of The Handbook of Commodity Spreads and Odds-On Grain Spreading is making it even\neasier to get into the world of agricultural contracts with the reduced risks of spreading—or even\npositioning outright.
The latest work is 123 pages of opportunities arranged in market order (and also by calendar), with the\nchart of each situation followed by the historical probabilities of success by month for the duration of the\ntrade. These striking tables give a very realistic view of what you're facing for the duration of the spread.\nEach table includes:"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-499-499-quick-scans-1990-spread-trader-s-seasonal-journal-43.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-499-499-quick-scans-1990-spread-trader-s-seasonal-journal-49.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-499-499-quick-scans-1990-spread-trader-s-seasonal-journal-50.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v81349quicsc12,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:13 (499-499): Quick Scans: 1990 SPREAD TRADER'S SEASONAL JOURNAL"",""caption-linebreaks"":""1990 SPREAD TRADER'S SEASONAL JOURNAL
Stotler & Co.
200 West Adams, Suite 2400
Chicago, IL 60606
(312) 704-9000
Author: Wayne Esserman
Price: $27
The author of The Handbook of Commodity Spreads and Odds-On Grain Spreading is making it even\neasier to get into the world of agricultural contracts with the reduced risks of spreading—or even\npositioning outright.
The latest work is 123 pages of opportunities arranged in market order (and also by calendar), with the\nchart of each situation followed by the historical probabilities of success by month for the duration of the\ntrade. These striking tables give a very realistic view of what you're facing for the duration of the spread.\nEach table includes:"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-499-499-quick-scans-1990-spread-trader-s-seasonal-journal-38.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-499-499-quick-scans-1990-spread-trader-s-seasonal-journal-47.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-499-499-quick-scans-1990-spread-trader-s-seasonal-journal-48.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v81349quicsc8,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:13 (499-500): Quick Scans: BLACK MONDAY"",""caption-linebreaks"":""Quick Scans: BLACK MONDAY
In this chronicle of financial chaos, Tim Metz uses his 21 years' experience with The Wall Street Journal to try to determine what really happened on that crazy day in 1987, three years ago.
The Dow Jones Industrial Average (DJIA) had been making new records until August of that year, despite the index surpassing all rational notions of value. Interest rates had been rising since spring, trashing the bond market. Leveraged buyouts, risk arbitrage and wild updays triggered by program trading added excitement to an already volatile market. The bull market was news, headlining the national magazines. The public was heavily invested and, of course, long."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-499-500-quick-scans-black-monday-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-499-500-quick-scans-black-monday-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-499-500-quick-scans-black-monday-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v81350quicsc,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:13 (500-500): Quick Scans: THE FACTS ABOUT SPECULATION"",""caption-linebreaks"":""Quick Scans: THE FACTS ABOUT SPECULATION
The Facts About Speculation, as seen by Thomas Gibson, is a series of warnings about the dangers of speculation by the unprepared. This turn-of-the-century book, part of Fraser's Books of Wall Street collection, describes one trader's down-to-earth investment philosophy. Using the dictionary's definition of speculation as \"". . . reasoning taking the form of prolonged and systematic analysis,\"" Gibson finds most speculators' efforts are lacking."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-500-500-quick-scans-the-facts-about-speculation-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-500-500-quick-scans-the-facts-about-speculation-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-500-500-quick-scans-the-facts-about-speculation-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v81350quicsc12,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:13 (500-501): Quick Scans: INVESTMENT STRATEGY & THE MONEY CONNECTION"",""caption-linebreaks"":""INVESTMENT STRATEGY & THE MONEY CONNECTION
John Wiley & Sons
605 Third Avenue
New York, NY 10158
(212) 850-6497
Author: Edward J. Cousin
Price: $42.50
There's always gotta be a blabbermouth and for my money, Edward Cousin fits the bill, since his book\nlays out my personal line on investing. I'm therefore biased in favor of his belief that money supply not\nonly counts, it's virtually all that can be relied (counted?) upon.
Cousin also points out that the business cycle is probably the one source of price fluctuation we can count\non for the foreseeable future and thus the likely source of continued trading profits.
Not only that, Cousin argues that futures are an excellent, perhaps the best, vehicle to exploit the cycles\ninherent in monetary policy. This flies in the face of accepted wisdom, which features stocks, bonds, real\nestate and savings accounts. For my money — and Cousin's—futures are great for participating reliably\nin the business cycle, offering leverage and providing instant liquidity. Nothing else comes close."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-500-501-quick-scans-investment-strategy-the-money-connection-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-500-501-quick-scans-investment-strategy-the-money-connection-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-500-501-quick-scans-investment-strategy-the-money-connection-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v81350quicsc1,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:13 (501-502): Quick Scans: TRADESTATION"",""caption-linebreaks"":""TRADESTATION
Address: Omega Research
3900 NW 79 Avenue, Ste 520
Miami, FL 33166, (305) 594-7664
Product: On-line intraday system automation software
Equipment: IBM PC AT, compatible or higher
Developer contact: Bill Cruz
Price: $195/month with a moneyback guarantee
Over the years I have used several of the expensive top-of-the-line trading systems. I started with\nMarketview, moved on to CQG and ended up with Teletrac. At the peak of my trading, I was paying\nalmost $1,800 a month for on-line systems. None of these systems provided me with the automatic\ntrading that I desired. Until now.
For the past several months I have been beta-testing a program called TradeStation written by Omega\nResearch, the developers of System Writer Plus. This program is on-line, real-time, intraday software. It\nhas enabled me to automate my intraday trading.
TradeStation has four main advantages for intraday traders. First, TradeStation runs under Windows 3.0.\nSecond, it allows the user to chart virtually any indicator, even complex user-developed formulas. Third,\nit provides full historical system testing capability in the tradition of System Writer Plus. Finally, it offers\nfull monitoring and automatic signal generation for any user-defined system in real time."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-501-502-quick-scans-tradestation-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-501-502-quick-scans-tradestation-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-501-502-quick-scans-tradestation-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v81350quicsc8,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:13 (502-503): Quick Scans: PERSONAL HOTLINE"",""caption-linebreaks"":""PERSONAL HOTLINE
Trendsetter Software, Inc.
P.O. Box 6481
Santa Ana, CA 92706
(714) 547-5005
Product: Trading and analytical software\nEquipment required: Apple Macintosh personal computer with hard drive recommended
Price: $495 with 30-day money back guarantee and $10 shipping and handling. Includes seven stock,\nindex, futures or perpetual data files.
This is the fourth year for this nifty little Macintosh-based package, one improving steadily. Personal\nHotline 4.56 will download all your stock and futures data from one of several vendors, graph it along\nwith a number of standard and proprietary indicators and throw in trade recommendations from its very\nblack trading system.
I found this software tough to use despite its intriguing features and adherence to the Macintosh interface.\nIt's not compatible with a plain vanilla AppleTalk network, so some of the problems I had printing\ngraphics and text may be due to that. The bombs I experienced happened only within my SE, however.\nThe program needs to be tested on a wider variety of hardware setups.
In addition, the manual, which was recently rewritten, isn't the best I've seen for organization and needs\nan index. Some items in the menu choices aren't explained or, if they are, are explained in some place\nother than where they're first mentioned. (The extend button is my favorite example.) Other items—the\nsplit function—are described in one paragraph but left unexplained at all."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-502-503-quick-scans-personal-hotline-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-502-503-quick-scans-personal-hotline-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-502-503-quick-scans-personal-hotline-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v81350quicsc7,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:13 (503-504): Quick Scans: CRASHES AND PANICS"",""caption-linebreaks"":""CRASHES AND PANICS
The Lessons from History
Dow Jones-Irwin
1818 Ridge Road
Home Road, IL 60430
Editor: Eugene N. White, Rutgers University, 1990
Price: $32.50
An interesting assortment of essays from the academic community has been collected and published in\nreaction to the October 1987 stock market crash. This research, appropriately, was commissioned by the\nSalomon Brothers Center for the Study of Financial Institutions at New York University's Leonard N.\nStern School of Business. The contributors are 23 prominent economic and financial experts, whose goal\nwas to identify common characteristics of asset bubbles that are followed by a collapse in prices.
Four parts comprise this volume. \""Before the Modern Age: Flower Bulbs and Life Annuities\"" is Part 1,\n\""The Stock Market in the Nineteenth Century\"" is Part 2 and \""The Great Crashes of 1929 and 1987\"" is\nPart 3. The final section is \""Are There Any Lessons from chapters, followed by an additional critique of\neach chapter's technique of economic analysis and the conclusions formed by the essayist in question."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-503-504-quick-scans-crashes-and-panics-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-503-504-quick-scans-crashes-and-panics-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-503-504-quick-scans-crashes-and-panics-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v81350quicsc6,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:13 (504-504): Quick Scans: TRADERS"",""caption-linebreaks"":""TRADERS
The Jobs, the Products, the Markets
New York Institute of Finance
2 Broadway
New York, NY 10004-2207
(201) 767-5937
Author: David M. Weiss
Price: $19.95
David M. Weiss, currently vice president global operations at Goldman, Sachs & Co., has authored an\noverview of the duties and operations of the employees at securities firms known as traders. This is not a\nbook about what these professional market participants use in their decision process to determine market\ndirection; rather, it is an explanation of the responsibilities and roles that traders face in their day-to-day\nbusiness. In writing this book, Weiss both educates and encourages traders and would-be traders by\nproviding an interesting inside look at the career of a trader.
Each chapter discusses the products, environments and objectives of traders. The products range from\nmortgage-backed securities to intercurrency interest rate swaps. The trading environment issues include\nconcerns about the role of the Federal Reserve and interest rates to the tax laws affecting the decision by\ninvestors to purchase one municipal bond issue over another. Weiss attempts to present a scenario of\nstriving for a realistic objective for return on investment while keeping in mind that every trader wants to\nmake a substantial profit. He explains such strategies as hedging, market direction and the bid and offer\nprocess to achieve that goal."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-504-504-quick-scans-traders-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-504-504-quick-scans-traders-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-504-504-quick-scans-traders-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v81350quicsc5,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:13 (505-505): Quick Scans: CAPTOOL VERSION 2"",""caption-linebreaks"":""CAPTOOL VERSION 2
Techserve, Inc.
P.O. Box 70056
Bellevue, WA 98007
(206) 747-5598
Price: $99
Product: Investment software
Equipment required: IBM PC or compatible using at least 384K RAM, DOS 2.0. Also requires hard\ndisk or 720K minimum-capacity floppy drive.
In the beginning there was PFROI, a relatively straightforward program to calculate the internal rate of\nreturn for investments. Then came bigger and bigger versions of the program as it expanded to handle\neverything but futures contracts. Tacked on later were STOCKPAR, a stock valuation module using\nprojected cash flows, and BOND-PROI, a bond swap evaluator. Automatic data download and\ntime-series graphics and (limited) analysis appeared as well.
The result is a full-fledged portfolio manager that handles the nits and grits of a huge variety of tradables\nfor less than a measly C-note."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-505-505-quick-scans-captool-version-2-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-505-505-quick-scans-captool-version-2-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-505-505-quick-scans-captool-version-2-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v81350quicsc11,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:13 (505-505): Quick Scans: KROLL ON FUTURES TRADING STRATEGY"",""caption-linebreaks"":""KROLL ON FUTURES TRADING STRATEGY
Author: Stanley Kroll, 1988
Dow Jones-Irwin
1818 Ridge Road
Home Road, IL 60430
Price: $32.50
203 pages
Kroll made a name and a fortune by running up an $18,000 stake into a $1 million jackpot during the\n1970s. He has worked as a commodity specialist for Merrill Lynch and operated his own commodity\nclearing firm. His previous books include The Commodity Futures Market Guide and The Professional\nCommodity Trader.
The war stories make this book enjoyable. Kroll dissects the charts of both his and others successful and\ndisastrous trades. He uses a down-to-earth, common sense approach to answer the eternal questions of the\ntrader: How do you emotionally handle the uncertainty of trading? (Kroll often goes fishing to regain his\ncomposure.) Which technical tools are best? How do you turn a good idea into cash?
Kroll's favorite strategy is to participate only in strongly trading markets, as he has made all his large\nwins by participating in major bull or bear moves. Like most modern traders, he uses both charts and\ncomputerized trading systems. Kroll uses a dual market approach, first focusing an opinion as to whether\nthe commodity being studied is in either a trending or trading range market. J. Welles Wilder's\nDirectional Movement Index is recommended as a degree of trend indicator."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-505-505-quick-scans-kroll-on-futures-trading-strategy-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-505-505-quick-scans-kroll-on-futures-trading-strategy-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-505-505-quick-scans-kroll-on-futures-trading-strategy-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v81350quicsc10,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:13 (506-506): Quick Scans: STRATEGIC INVESTMENT TIMING IN THE 90'S"",""caption-linebreaks"":""STRATEGIC INVESTMENT TIMING IN THE 90'S
How to pinpoint and profit from short- and long-term changes in the economy
Probus Publishing Co.
118 N. Clinton St., Suite 305
Chicago, IL 60606
(800) 426-1520, (312) 346-7985
Author: Dick A. Stoken
Price: $18.95 plus $3.00 shipping and handling\n257 pages
Interest rates, inflation and investor mood make up the basics for Dick Stoken's investment approach, and\nin this updated volume he's documented the rules of thumb that turn these truths into tradeable realities.\nAmid the recent spate of investment strategy books stimulated by the turn of the decade, SIT in the 90's is\none of the most practical and realistic.
Stoken expects us to return to the inflationary ways of our past, so his prescriptive focus is on beating\nthat environment. Given recent money supply growth and inflation numbers, he may not be far off. He\neven advocates, as others have recently, the use of commodities (funds, actually) as an integral part of his\nstrategy."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-506-506-quick-scans-strategic-investment-timing-in-the-90-s-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-506-506-quick-scans-strategic-investment-timing-in-the-90-s-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-506-506-quick-scans-strategic-investment-timing-in-the-90-s-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v81350quicsc4,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:13 (506-506): Quick Scans: THE PRICE SPIRAL METHOD"",""caption-linebreaks"":""THE PRICE SPIRAL METHOD
Windsor Books
P.O. Box 280, Brightwaters,\nNY 11718
Author: B.J. Howard, 1988
Price: $50
As some of you may have guessed by its name, B.J. Howard's price spiral method utilizes the Fibonacci\n(Lucas) progression (I realize the Fibonacci and Lucas theories are technically different, but to such a\nsmall degree I feel the point is moot). The method involves the Elliott wave principle to a limited degree.
Howard claims his system works on any freely traded market—stocks or commodities. The founding\ntheory of his method is based on human nature: All free markets reflect the aggregate actions of a mass of\npeople. The hypothesis is that while individual actions cannot be predicted with any degree of precision,\nthe actions of a sufficiently large group of people can be. This book aims to make this concept of mass\npsychology discernible from a trading perspective. With an understanding of mass psychology at work in\nthe markets, any market becomes tradeable anytime, according to Howard.
The book is divided into three sections. The first section deals with the fundamental mathematics\ninvolved in this system, and goes into more detail than I cared to follow! Those who enjoy math,\nhowever, will love it."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-506-506-quick-scans-the-price-spiral-method-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-506-506-quick-scans-the-price-spiral-method-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-506-506-quick-scans-the-price-spiral-method-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v81350quicsc3,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:13 (507-508): Quick Scans: FUTURES AND OPTIONS STRATEGY GUIDE"",""caption-linebreaks"":""FUTURES AND OPTIONS STRATEGY GUIDE FUTURES AND OPTIONS STRATEGY\nCHARTS
Chicago Mercantile Exchange
30 South Wacker Drive
Chicago, IL 60606
(312)930-1000
Price: $3 per pair
Promotion departments at the exchanges have the difficult job of educating an audience that ranges from\nthe abjectly ignorant to the extremely sophisticated. Few span the range as well as the Chicago\nMercantile Exchange's (CME) marketing division, particularly on the high end, where its Marketing\nPerspectives Topics on Options and Financial Futures is a must-read for sharp individuals and\nprofessional managers looking for how-to information on developing trading and hedging strategies.\nNow, CME marketing has come up with an incredible product that covers ground I haven't seen covered\nas well, or at all, in hundreds of books and articles on options.
The Futures and Options Strategy Guide shows you how to select an options position, given your outlook\non the underlying and volatility, and then goes on to give you 42 pages of how to follow up that position\nas things change. Best of all, it does the follow-up graphically. That just isn't available anywhere else.
Figure 1 is what the world usually presents you: how to get into an initial position. This ground has been\ncovered hundreds of times, so you can get the details from any text (or the CME's Strategy Chart booklet,\navailable for $1). However, one of the strong points of using options is the ability to modify the position\nover time to add protection or enhance profitability. Figure 2 shows you how that would be done for\nsomething tricky, like a ratio call spread. If, for example, volatility were rising on you and your outlook\nhad gone bearish, you'd convert by liquidating the calls and selling the underlying futures."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-507-508-quick-scans-futures-and-options-strategy-guide-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-507-508-quick-scans-futures-and-options-strategy-guide-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-507-508-quick-scans-futures-and-options-strategy-guide-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v81350quicsc2,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:13 (508-508): Quick Scans: BETACHART"",""caption-linebreaks"":""BETACHART
Proclaim Software P.O. Box 12192
Norfolk, VA 23502 (804) 461-2742
Product: Lotus 1-2-3 template
Requirements: IBM PC and compatibles, DOS 3.0 or higher, any version of Lotus 1-2-3, 60K\nmemory
Price: $19
Psst, you securities investors and traders ! Need some cross-reference analysis with your technical buy\nand sell signals but you don't know where to go? Well, historical price/earnings ratio analysis could be\nyour answer.
BetaChart is a Lotus 1-2-3 worksheet with graphics display macros and historical price/earnings ratio\ndata for sample securities. It's a template that allows the user to input data of any time segment and plot a\nline chart of the securities' historical P/E ratios, new high/new low ratios, plus more, via BetaChart's\nmacros."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-508-508-quick-scans-betachart-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-508-508-quick-scans-betachart-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-508-508-quick-scans-betachart-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v81350quicsc9,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:13 (508-509): Quick Scans: DATA TRANSMISSION NETWORK"",""caption-linebreaks"":""DATA TRANSMISSION NETWORK
2 Guarantee Centre
8805 Indian Hills Drive, Suite 350
Omaha, NE 68114
(800) 342-2951, (402) 390-2328
Service: Satellite feed of commodities data, financial data, and news
Price: $295 setup fee and $30 to $35 per month
Now and then I suspect I've found a good deal for the retail trader, and I think I've found one: DTN. This\noutfit will set you up with an FM, cable or satellite data feed that will deliver news, financials, stocks,\nspecific quotes and futures prices—as well as meat options, herbicide information and college football\ngame schedules.
DTN is as homey as a party line and some of these offerings cost extra, but you're free to tailor what you\nreceive to your interests and your budget. The great thing about DTN for traders is that they can set up the\nsystem cheaply and get delayed quotes constantly for a very low overhead. This is the system to have for\nany beginner and, frankly, it would save thousands of dollars a month for all those boys in the boxes who\nhave a Telerate sitting behind them being ignored 99% of the time at $800 to $2,000 per month.
I actually got into this because I hoped that such a source would also provide me with data that could be\ndown-streamed to my database at the end of the day for use by my other analytical programs. That part of\nthe review isn't ready. It's taken quite a while to get the cables and software and now to move I my\ncomputer and its wiring but, rather | than delay the basic good news, I'm reporting now."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-508-509-quick-scans-data-transmission-network-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-508-509-quick-scans-data-transmission-network-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-508-509-quick-scans-data-transmission-network-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v81350quicas,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:13 (509-510): Quick-Scans: ASSET ALLOCATION: BALANCING FINANCIAL RISK"",""caption-linebreaks"":""ASSET ALLOCATION: BALANCING FINANCIAL RISK
Dow Jones-Irwin
1818 Ridge Road
Homewood, IL 60430
(312) 206-2700
Author: Roger C. Gibson, 1990
Price: $34.50
Pages: 267
Asset allocation is an important topic for every investor. The decisions that drive capital management has\nbecome increasingly sophisticated. While complexity requires more forethought, however, it also\nbeckons more opportunity. Understanding modern portfolio theory can bring to today's investors the\nneeded insight into today.
The foreword is by John Templeton, chairman of Templeton, Galbraith & Hansberg. Templeton is\nfamous for his successful value-oriented approach to managing money. His opening comments set the\nstage.
Chapter I is \""The importance of asset allocation.\"" Gibson introduces, in a very easy-to-understand way,\nthat today's goals are not to outperform the market, but rather to develop long-term strategies that will\nmeet an investor's goal with the least amount of risk."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-509-510-quick-scans-asset-allocation-balancing-financial-risk-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-509-510-quick-scans-asset-allocation-balancing-financial-risk-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-509-510-quick-scans-asset-allocation-balancing-financial-risk-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v81351quic19,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:13 (511-511): Quick-Scans: THE 1990 $UPERTRADER'S ALMANAC"",""caption-linebreaks"":""THE 1990 $UPERTRADER'S ALMANAC
Market Movements, Inc.
5212 East 69th Place
Tulsa, OK 74136
(918) 493-2897
Author: Frank Taucher
Price: $30.00
442 pages plus index
How would you like to be required to get a prospectus before you could buy a book? How would you like\nto get the CFTC's permission to read STOCKS & COMMODITIES?
The regulation maniacs are at it again and the focus of their ire is Frank Taucher's enormous compendium\nof trading lore, the $upertrader's Almanac. This, they've decided, is \""trading advice\"" and is therefore\nsubject to their review/approval and the whole extensive makework panoply of \""disclosure\"" that goes\nwith your throwing your money at an investment aimed at you. The fact that the only money at risk is the\nprice of the book is irrelevant to the megalomaniacs at the CFTC. If they have their way, the cost of\npublishing and disclosing the book will be so ruinous that we'll lose it."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-511-511-quick-scans-the-1990-upertrader-s-almanac-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-511-511-quick-scans-the-1990-upertrader-s-almanac-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-13-511-511-quick-scans-the-1990-upertrader-s-almanac-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v81451progto,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:14 (513-513): A program to behold! by John Sweeney"",""caption-linebreaks"":""A program to behold!\nby John Sweeney
Level: Advanced
Ease of use: B
Customer Service: A
Documentation: C
Error handling: A
Reliability: A
Speed: C
Overall Grade: B
Vendor: NTech Investors'
Technical Services
P.O. Box 27135
Austin, TX,78755
(800) 767-6008
(512) 338-9722
Service: Advanced technical analysis package for the Apple Macintosh with a host of\npre-programmed indicators and a sophisticated capability to create new indicators.
Price: $695, includes updates and telephone support for twelve months. Demo disk: $25.
Macintosh users have long settled for 32nd best when it comes to analytical packages. Market Pro\nand Profits were the two alternatives for a long time. Recently, CompuTrac bought Profits and converted\nit for their use. We'll look at those in an upcoming issue, but the product that's the mostest and here now\nis the promising newcomer, Behold! Version 1.2.1.
Behold! is a throwback to the hacker days when an individual could create a world-class program. Those\ndays are fast drawing to a close given the tremendous overhead built into handling modern graphic\ninterfaces and the shifting sand of the operating systems, both Apple's 1-6 and 7+ and DOS/OS2. The\nprogram's author, Jim Payne, an engineer, has come as close to success as seems possible these days.
Behold!'s offering is truly stunning, not your ordinary list of umpteen different oscillators. Maximum\nentropy? Polynomial fit nestled next to stochastics? This is starting to look like GE's stat package. Six\ndifferent numeric filters? Payne tacks on new analyses as fast as he gets new customer suggestions."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-513-513-a-program-to-behold-by-john-sweeney-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-513-513-a-program-to-behold-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-513-513-a-program-to-behold-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v81451opvalm,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:14 (514-517): Option Valuation Model 3.05 by Steve Barr"",""caption-linebreaks"":""Option Valuation Model 3.05\nby Steve Barr
Vendor: Radix Research Ltd., 2280 Woodlawn Crescent, Victoria V8R 1P2 BC, Canada, (604)\n592-5308.
Hardware: IBM compatible, hard drive and math co-processor supported but not required.
Price: $495 Canadian, $125 upgrade for registered users.
Have you studied the options market enough to appreciate concepts such as fair market value, alpha,\ndelta, implied volatility or the various mathematical valuation models? Professionals use these yardsticks\nand rely on computer programs to speed up the complex calculations involved. James Bruce-Sanders,\npresident of Radix Research, recently released an upgrade of his successful Option Valuation Model, a\nprogram that mathematically evaluates listed options. The calculations take into account volatility, the\nrecent price of the underlying security, dividend yield, time until expiry and the risk-free interest\n(Treasury bill) rate. Version 3.05, in addition to correcting a few of its predecessor's problems, is more\nflexible, allowing the user to customize it for specific markets. Some of the new features are:"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-514-517-option-valuation-model-3-05-by-steve-barr-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-514-517-option-valuation-model-3-05-by-steve-barr-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-514-517-option-valuation-model-3-05-by-steve-barr-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v81451shortr,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:14 (517-517): Short-Term Trading in Futures by Dr. Alexander Elder"",""caption-linebreaks"":""Short-Term Trading in Futures\nby Dr. Alexander Elder
Author: Jacob Bernstein
Publisher: Probus Publishing, 118 North Clinton St., Chicago, IL 60606
Price: $125
In recent years the public has become greatly interested in day trading. The ranks of traders swell as\nreal-time data become less expensive. You can get a complete day trading system—computer, satellite\ndish, software—for less than the cost of a small car. With real-time data streaming from a satellite into\nyour computer, you can day trade from a remote mountaintop or an oceanfront home. Many traders\ndream of independence, of making money out of thin air.
The number of successful day traders is small. The professionals tend to keep to themselves, and few are\nwilling to teach their methods. There are not enough books or other learning materials for aspiring day\ntraders. Some opportunists view this \""information gap\"" as an opening for selling repackaged old methods\nas day trading tools.
My first impression of Short-Term Trading in Futures is its overabundance of white space. This\n320-page volume has 43 totally blank pages and only 92 pages of text, each only a half-page wide. There\nare 183 charts, 116 of which are plain, unmarked screen dumps."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-517-517-short-term-trading-in-futures-by-dr-alexander-elder-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-517-517-short-term-trading-in-futures-by-dr-alexander-elder-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-517-517-short-term-trading-in-futures-by-dr-alexander-elder-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v81451wining,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:14 (518-518): Winning the Investment Game by Steven Barr"",""caption-linebreaks"":""Winning the Investment Game\nby Steven Barr
Author: James H. Gipson
Publisher: McGraw-Hill
(609) 426-7600
Price: $10.95
In Winning the Investment Game, James Gipson takes a macro look at the economic trends of the last\nhalf of this turbulent 20th century. Three types of economic matter are used as models: Positive sum, zero\nsum and negative sum economies.
Gipson defines a positive sum economy as one characterized by price stability and real growth, an\nenvironment in which common stocks do well. Bonds, cash and tangibles tend to lose in real terms\nagainst more attractive alternatives.
In a zero sum economy, a loser exists for every winner. New wealth is not accumulated by the creation\nand expansion of productive business. Rather, existing wealth is shifted around. The winners make\ninflation work for them, while the losers cannot and are hurt by inflation. Most common stocks lose value\nin real terms, but real estate, gold and other tangible assets appreciate."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-518-518-winning-the-investment-game-by-steven-barr-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-518-518-winning-the-investment-game-by-steven-barr-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-518-518-winning-the-investment-game-by-steven-barr-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v81451leadin,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:14 (519-519): Leading Indicators for the 1990s by John Sweeney"",""caption-linebreaks"":""Leading Indicators for the 1990s\nby John Sweeney
Author: Geoffrey. H. Moore
Publisher: Dow Jones-Irwin
1818 Ridge Road
Homewood, IL 60430
(312) 206-2700
Price: $25
Nothing could be more topical than rethinking the leading indicators index published in the Business\nConditions Digest, watched by nearly every economist and policymaker in the U.S. —and many outside\nthe U.S. as well.
Throughout the 1980s, this indicator, while performing serviceably, if not perfectly, together with the\nlagging and the coincident/lagging ratio, have bumped along in a way many think inadequately reflects\nthe actual path of the economy. Blame is commonly assigned to the \""old\"" components that don't reflect\nthe increasing shift to services in the Gross National Product (GNP).
Meanwhile, Geoffrey Moore and his colleagues at Columbia University's Center for International\nBusiness Cycle Research (CIBCR) have built a solid track record researching and forecasting inflation\nand other economic indicators. No better crew could address the composition of a modern leading\nindicator."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-519-519-leading-indicators-for-the-1990s-by-john-sweeney-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-519-519-leading-indicators-for-the-1990s-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-519-519-leading-indicators-for-the-1990s-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v81451psycof,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:14 (519-520): The Psychology of Speculation"",""caption-linebreaks"":""The Psychology of Speculation
Author: Henry Howard Harper
Publisher: Fraser Publishing
Box 494
Burlington, VT 05402 (802) 658-0322
The Psychology of Speculation by Henry Howard Harper was first published in 1926. The underlying\ntheme of this slim volume is as contemporary as anything written today, with its focus a warning against\nspeculation, or at least uninformed speculation. Many try, but few beat the market, and the reason,\naccording to Harper, is a lack of self-knowledge on the part of the speculator.
Harper catalogs several of the many ways that the unwary, or even the experienced, are parted with their\nmoney. The traps have not changed substantially since this book was published 64 years ago. It is\ndangerous now as it was then to underestimate the strength of a trend, and still just as suicidal to buck a\ntrend, even when there are logical reasons to presume the tide will turn soon. Bear markets still continue\nto go too low, to the point of undervaluation. Bull markets still continue to take prices past the point of\nfair value, and there is still no easy way to say exactly where the process will end."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-519-520-the-psychology-of-speculation-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-519-520-the-psychology-of-speculation-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-519-520-the-psychology-of-speculation-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v81452statan,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:14 (520-521): Statistical Analysis of Stocks and Indices by John Sweeney"",""caption-linebreaks"":""Statistical Analysis of Stocks and Indices\nby John Sweeney
SASI Software Corp.
P.O.Box457
Portland, OR 97140
(503)625-5384
Product: Stock market timing system
Price: $199
Requirements: IBM PC/XT/AT or compatible with Lotus 1-2-3 (or macro-compatible clone of\nLotus). 640K of RAM and any version of Lotus through Version 2.2. A hard disk is recommended.
Ratings:
Documentation: B
Support: A (Mason always seems to be there!)
Disclosure: B (not in the manual)
Data support: C (manual entry)
Ease of use: B+ (if you like Lotus 1 -2-3)
Profitability: No way to tell
Overall: B (specialized package with proprietary indicators)
William Mason has indulged an engineer's dream and tinkered with trading mathematics. He even\nenshrined the work in Lotus 1-2-3 templates and started selling the results as the SASI Market Timing\nAnalysis.
The first idea was to define a trading range statistically and then develop top-and bottom-spotters based\non price position in that range à la stochastics. He then developed a technical index that included all the\neffects of advancing and declining issues, advancing and declining volume, new highs and new lows.
SASI Market Timing Analysis includes Mason's constructs (SASITOP, SASIBOT, SASI Stochastics and\nthe Technical Index) as well as a good stable of classics on which these can be used: Relative Strength\nIndex, the McClellan Oscillator, modified on-balance volume, momentum, ARMS Index and cash flow."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-520-521-statistical-analysis-of-stocks-and-indices-by-john-sweeney-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-520-521-statistical-analysis-of-stocks-and-indices-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-520-521-statistical-analysis-of-stocks-and-indices-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v81452bastra,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:14 (522-524): Basic training for the options wars by Patrick D. Bosold"",""caption-linebreaks"":""Basic training for the options wars\nby Patrick D. Bosold
Product: The Ken Trester Options
Trading Camp
The Jefferson Institute,\n757 South Main Street, Springville,\nUT 84663, (800) 672-6019, (801) 489-3691.
Cost: $2,995 (includes all meals and lodging)
Options: Everybody's favorite investment horror story. The secret to success with options, according to\noptions expert Kenneth Trester, is simple but demanding: Learn how options and the options markets\nfunction, then work the options markets the way the professionals do. Trester warns investors who don't\nwant to bother with this approach that they are better off staying out of the options markets altogether.
The Ken Trester Options Trading Camp, located in Springville, Utah, is a four-day intensive\nseminar/workshop. The camp begins by dispelling commonly held misconceptions about options and\nends with a clear summarization of how options work and why most people lose money with options.\nThe camp also demonstrates how a sound game plan and discipline can make the difference between\nconsistent profits and horrendous losses."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-522-524-basic-training-for-the-options-wars-by-patrick-d-bosold-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-522-524-basic-training-for-the-options-wars-by-patrick-d-bosold-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-522-524-basic-training-for-the-options-wars-by-patrick-d-bosold-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v81452sidtre,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:14 (522-524): SIDEBAR: The Trester game plan for success with buying options"",""caption-linebreaks"":""The Trester game plan for success with buying\noptions
- Plan to buy a certain number of options every month.
- Plan to buy a certain number of calls and a certain number of puts.
- Buy only underpriced, inexpensive options.
- Buy options that are close to their strike prices."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-522-524-sidebar-the-trester-game-plan-for-success-with-buying-options-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-522-524-sidebar-the-trester-game-plan-for-success-with-buying-options-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-522-524-sidebar-the-trester-game-plan-for-success-with-buying-options-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v81452sidtre1,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:14 (522-524): SIDEBAR: Trester's 10 commandments for options traders"",""caption-linebreaks"":""Trester's 10 commandments for options traders
1. Be patient.
2. Only buy options on volatile stocks.
3. Buy out-of-the-money options.
4. Plan before playing."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-522-524-sidebar-trester-s-10-commandments-for-options-traders-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-522-524-sidebar-trester-s-10-commandments-for-options-traders-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-522-524-sidebar-trester-s-10-commandments-for-options-traders-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v81452inteca,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:14 (525-525): Intermarket Technical Analysis by John Sweeney"",""caption-linebreaks"":""Intermarket Technical Analysis\nby John Sweeney
Trading and Portfolio Management for the Futures, Stock, Bond, and Currency Markets
John Wiley & Sons, Inc.
605 Third Avenue
New York, NY 10158-0012
(212) 850-6000
Author: John J. Murphy
Price: $39.95, 256 oversized pages, available May 1991
John Murphy, author of a certified bible of technical analysis (Technical Analysis, published by John\nWiley & Sons), a book now used in the training program for the Certified Market Technician (CMT)\nexam, has now come up with an elaboration of the business cycle idea for the\ncommodities/bonds/equities cycle in Intermarket Technical Analysis. He's also the first that I know of to\ninclude the influence of foreign currencies on the business cycle.
Martin Pring introduced me to this line of fundamentalist thought in his definitive book on technical\nanalysis. Back then (in 1982), I'd gotten as far as trusting the business cycle to deliver market fluctuations\nand believing that bond people were smarter than stock, people, or at least a few months ahead of them. It\nwas Pring who pointed out that even ahead of bonds were commodities, often a reflection of inflation.
Since then, the U.S. dependence on imported goods has risen, though it's still less than 12% of total\npurchases, a relatively low value. Oil immediately comes to mind, but there are thousands of other raw\nmaterials as well as BMWs."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-525-525-intermarket-technical-analysis-by-john-sweeney-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-525-525-intermarket-technical-analysis-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-525-525-intermarket-technical-analysis-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v81452sidwor,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:14 (526-529): SIDEBAR: A word on the ratings"",""caption-linebreaks"":""A word on the ratings
Our ratings are subjective. The reviewer is asked to list the observations that occasioned his or her\ncomments. The categories themselves are those that Stocks & Commodities has found, over time, to be\npitfalls into which many products fell. We don't comment on the judgment or originality of the systems,\njust the results of using them as found when we tested them."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-526-529-sidebar-a-word-on-the-ratings-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-526-529-sidebar-a-word-on-the-ratings-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-526-529-sidebar-a-word-on-the-ratings-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v81452tradpr,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:14 (526-529): Trader's Profit Motive by John Sweeney"",""caption-linebreaks"":""Trader's Profit Motive\nby John Sweeney
Ray Copeland, Jeff Tucker
Trader's Software, Inc.
15 East 15th Street, Suite 300
Edmond, OK 73083-2690
(405) 348-0544
Product: Disclosed futures trading system
Requirements: IBM PC/XT/AT/PS2 with two floppies or one floppy and a hard drive, DOS 2.0 or\nlater, 256K RAM, mono monitor or better, 80 column printer or wider.
Price: $2,995
Ratings: Ease of use: B
No major glitches. Some minor inconveniences. Solid programming with acceptable error control.
Accuracy: A
I found no errors in calculating the entry points.
Profitability: B
On par with VBS and better than Eurotrader and EPOCH.
Risk control: A
Outstanding. Best we've seen to date.
Value: A
Return competitive with less risk.
How best to get right with the trend? Playing the breakout from a price range (Volatility Breakout\nSystem) or an opening range (Opening Range Breakout) are two recent approaches, and now Trader's\nSoftware adds some new sophistication by (1) adjusting the entry or reversal point from the opening price\nby the recent range of closing prices (vs. high and low prices or \""true range\"") and (2) optimizing for\nsmoothest equity curve.
Developer Ray Copeland explains that Trader's Software tested every combination of price elements the\ngroup of developers could think of and the opening price turned out to be the best | base to start from.\nEvery day a new reversal point is calculated and, if the market moves to it, you reverse position."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-526-529-trader-s-profit-motive-by-john-sweeney-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-526-529-trader-s-profit-motive-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-526-529-trader-s-profit-motive-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v81452incomo,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:14 (529-529): Inside the Commodity Options Market by Steven Barr"",""caption-linebreaks"":""Inside the Commodity Options Market\nby Steven Barr
Authors: John Labuszewski and Jeanne Cairns Sinquefield
Publisher: John Wiley & Sons, 1985
Price: $29.95
Reading this 374-page book is like eating an elephant. You probably do not want to try to finish it at\none sitting. Diehard options traders will find this book interesting, however, while for others it will serve\nas a useful reference book on options in general and commodity options in particular.
Inside the Commodity Options Market starts with a primer on options basics, explaining put and call\ncontract terms and how they are traded. The language is clear, unambiguous and readable. Chapters 2 and\n3 gives a brief history of options and an overview of commodity options markets today. Currently\navailable options contracts are listed next, with some contract specifications for underlying commodity,\namount, quality, exercise rules, expiry date, position limits, where traded and other details."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-529-529-inside-the-commodity-options-market-by-steven-barr-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-529-529-inside-the-commodity-options-market-by-steven-barr-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-529-529-inside-the-commodity-options-market-by-steven-barr-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v81453mutfun,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:14 (530-530): Mutual Fund Selector, Version 1.2 John Sweeney, Editor"",""caption-linebreaks"":""Mutual Fund Selector,\nVersion 1.2\nJohn Sweeney, Editor
Rugg & Steele, Inc.
6433 Topanga Canyon Boulevard,
Suite 108
Canoga Park, CA 91303
(800) 678-FUND
(818) 340-0179
Product: Data and review/filter/ selection software for equity and fixed income funds.
Prices: $299 with either equity or fixed income data; $499 with both sets of data. Quarterly data\nsubscription: $199 for one or $299 for both. Monthly data subscription: $299 for one or $499 for both.
Don Rugg sent us a free copy of Mutual Fund Selector in hopes it would stimulate a review, and\nindeed it has. Mutual Fund Selector is right up there with the big boys in its features and implementation.
Running the program on a 286-based machine, we found a very quick and thorough program, which,\nincidentally, absorbed just under 900K of space on our hard disk. MFS will run on a floppy-based\nconfiguration with 256K, but it will be at its best in 640K and a fast-access hard disk.
Included with the program is a ton of data on the equity and fixed income universes of mutual funds.\nStarting out, you pick one or the other and, after a small delay to load the entire set of data into memory,\nthere it is: 1,171 stock funds or 944 fixed income funds. (Naturally, we were sent the whole package.\nYou can save money by picking one or the other and you get a $100 discount if you buy both.)"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-530-530-mutual-fund-selector-version-1-2-john-sweeney-editor-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-530-530-mutual-fund-selector-version-1-2-john-sweeney-editor-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-530-530-mutual-fund-selector-version-1-2-john-sweeney-editor-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v81453wavanf,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:14 (531-533): Wave Analysis Functions by John Sweeney"",""caption-linebreaks"":""Wave Analysis Functions\nby John Sweeney
Walter Studnicki
C.E.R. Institute, Inc.
P.O. Box 9157
Scottsdale, AZ 85252
(602) 991-3410
Service: Program to calculate \""potential market reversal days\"" and Fibonacci retracement levels.
Requires: IBM PC/XT/AT or compatible with printer
Price: $377
If you believe that historical data contain repetitive cycles that extend into the future and want to bet\nmoney on it, there's one program that is the compendium of calculations for the dates on which you will\ntrade. Wave Analysis Functions (WAF) will calculate and list every conceivably related data for cycles\nup to 50 Fibonacci retracement levels (to the eighth decimal point) and, ultimately, critical trade dates.
Getting this done is relatively painless. The program comes with data for the Dow Jones Industrial\nAverage (DJIA) from March 25, 1898, bonds from December 15,1977, and gold from February 21,1980,\nand more recent data for Eurodollars, Swiss francs and soybeans. You supply the turning point from\nwhich you wish the projections made—and a certain amount of judgment to evaluate skew in the time\nperiods, cyclical factors and evaluations of other indicators. The results are not graphic but tabular and\nonly one of many tables have been shown in Figure 1. As you can see, the multitude of ratios generates a\ntrue plethora of critical dates¾and this is just from the Fibonacci and wave projection sections. Wave\nFunctions also produces a critical trade date report, future time periods report, elapsed time periods\nreport, a calendar, and a report on elapsed DJIA trade dates."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-531-533-wave-analysis-functions-by-john-sweeney-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-531-533-wave-analysis-functions-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-531-533-wave-analysis-functions-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v81453doubby,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:14 (534-534): DoubleDisk by John Sweeney"",""caption-linebreaks"":""DoubleDisk\nby John Sweeney
Vertisoft Systems, Inc.
Southgate Professional Building
150 Highway 9, Suite 13
Freehold, NJ 07728
(201) 780-8641
Product: General background compression program for DOS machines with hard disks
Price: $99.95
Is your hard disk all jammed up, Bunky? Can't put any more applications on? Here is something almost\nspooky to make things better: a product to compress everything on your disk and thereby create more\nspace.
We were genuinely hesitant to try this out, fearing for our data, our analyses and our on-disk phonebook. We put off trying it out even after the authors called to find out what the delay was. Eventually,\nconsumed by curiosity, we tried it on a fully booked, 10-megabyte disk whose demise we could see in the\nnear future anyway.
Amazingly enough, everything worked, right out of the box!"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-534-534-doubledisk-by-john-sweeney-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-534-534-doubledisk-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-534-534-doubledisk-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v81453tripsc,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:14 (534-534): Triple Screen Trading System by Steven Barr"",""caption-linebreaks"":""Triple Screen Trading System\nby Steven Barr
Dr. Alexander Elder
Financial Trading Seminars
P.O. Box 2055
Columbus Circle Station
New York, NY 10023
Product: Videotape trading seminar, VHS and Beta
Price: $50 ($90 with script)
This videotape by Alexander Elder is a 40-minute training seminar. There are many technical tools on\nthe market; many are some form of computer charting software. This videotape attempts to demonstrate\nhow some readily available technical tools, along with some trading rules, can be combined to form a\n\""system,\"" with the emphasis on the \""how-to.\"" This is an area that many traders need to work on: the\nactual implementation of trading signals in an effective, profitable manner. The need for systematic\ntrading action is shown by the fact that, despite the ready availability of good technical trading tools,\nmany traders still lose money.
To quote Treasury bond futures trader Gary Bielfeldt from Jack Schwager's Market Wizards : \""The best\nthing anyone can do when starting out is to learn how a trend system works. Trading a trend system for a\nwhile will teach a new trader the principle of letting profits run and cutting losses short. If you can just\nlearn discipline by using a trend-following system, even temporarily, it will increase your odds of being\nsuccessful as a trader.\"""",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-534-534-triple-screen-trading-system-by-steven-barr-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-534-534-triple-screen-trading-system-by-steven-barr-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-534-534-triple-screen-trading-system-by-steven-barr-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v81453lot30b,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:14 (535-535): Lotus 3.0 by Jim Summers"",""caption-linebreaks"":""Lotus 3.0\nby Jim Summers
Lotus Development Corp.
55 Cambridge Parkway
Cambridge, MA 02142
(617) 253-9150
Product: Spreadsheet
Price: $595
Many people use Lotus 1-2-3 in some aspect of their trading. These uses run the gamut from\nrecord-keeping and money management to technical analysis. Recently, Lotus finally released versions\n2.2. and 3.0. Should traders who use Lotus 1-2-3 upgrade, and to which version? Let me first describe the\nmajor differences between the two versions and then the specific features that led me to choose 3.0.
Bigger and better—but slower?
Many Lotus users may have heard that Lotus 3.0 offers substantially more features than the Lotus 2.2\nupgrade, but that it runs slower and requires more hardware. Release 3.0 does require a full 1MB of\nRAM. Does it run slower? I made the upgrade to Lotus 3.0. Let me report that I do not perceive any more\nslowness with 3.0 than I did with 2.01. When the spreadsheet begins to get large—several hundred rows\nof data— it does slow down. But that problem always existed with Lotus. Using a 386 and Desqview, I\njust switch to another program and work on something else if the procedure is taking a long time.
To me, the choice between versions depends on how many add-in products you use. Lotus puts many of\nthe features of the most popular add-in products in the 3.0 version. For example, 3.0 allows to add notes\nto cells and ranges (in Noteworthy and NoteIt). You have a variety of fonts to choose from (in AllWays).\nYou can print sideways if you have a laser printer (in Sideways). Database features are improved along\nwith the graphics. A keystroke recording feature assists in building macros. Of course, the Lotus version\nof these features may not do everything you could with the add-in. Check out the differences before you\ndecide."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-535-535-lotus-3-0-by-jim-summers-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-535-535-lotus-3-0-by-jim-summers-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-535-535-lotus-3-0-by-jim-summers-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v81453100mil,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:14 (536-537): 100 Million Dollars In Profits by Nelson Weiderman, Ph.D."",""caption-linebreaks"":""100 Million Dollars In Profits\nby Nelson Weiderman, Ph.D.
Author: Kelly Angle
Windsor Books
P.O. Box 280
Brightwaters, NY 11718
Price: $50.00
From its title, one might conclude that 100 Million Dollars in Profits tells a \""get-rich-quick\"" story\nexpounding high-risk strategies of little practical value. This would be a mistake, however, because the\ntitle is only a lure. The subtitle, \""An anatomy of a market killing and a realist trading plan,\"" hints there\nmay be a practical treatment of commodity trading. This book consists of two parts. The first part, \""The\nstory,\"" deals with how Kelly Angle's father turned a small fortune into a large one by buying gold futures.\nThe second part, \""The trading plan,\"" is a practical guide to trading commodity futures.
Angle's father is a Texas oilman who is affectionately referred to as \""The General.\"" The story relates how\nhe accumulated a fortune of $100 million (on paper) and then closed out $54 million of this in his first\ntrading experience. This part is interesting reading and a good attention getter but does not provide any\nhope for the common man. How many of us, in our lifetimes, will be able and willing to bet the farm (in\nthis case, $2 million) and pyramid it into something like 2,000 gold contracts during the equivalent of the\n1978-79 bull market in gold?"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-536-537-100-million-dollars-in-profits-by-nelson-weiderman-ph-d-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-536-537-100-million-dollars-in-profits-by-nelson-weiderman-ph-d-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-536-537-100-million-dollars-in-profits-by-nelson-weiderman-ph-d-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v81453comfin,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:14 (538-539): Computer-Aided Financial Analysis by Mark Harris"",""caption-linebreaks"":""Computer-Aided Financial Analysis\nby Mark Harris
Addison-Wesley Publishing Co.
PO Box 9159
Boston, MA 02118-9159
Author: Ross M. Miller, 1989
Price: $37.95 ($43.37 with tax and shipping)
Computer-Aided Financial Analysis is a jewel-like little (400-page) book that provides food for\nthought as well as something tangible for your computer to chomp on.
Using diagrams and code, author Ross Miller patiently and steadily guides us through the wilderness of\nevaluating financial instruments such as bonds, options, strips, spreads and exotic combinations thereof;\nthen, onward and upward to technical analysis, expert systems and, finally, a quick glance at adaptive\n(learning) systems.
Is our guide qualified? Well, according to the blurb on the book's jacket, Miller got his Bachelor of\nScience degree in mathematics at the California Institute of Technology and forged on to win a doctorate\nin economics from Harvard. Currently a member of the technical staff at General Electric Corporate\nResearch, he previously taught finance and economics at Boston University, California Institute of\nTechnology and the University of Houston."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-538-539-computer-aided-financial-analysis-by-mark-harris-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-538-539-computer-aided-financial-analysis-by-mark-harris-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-538-539-computer-aided-financial-analysis-by-mark-harris-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v81453ecinpl,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:14 (539-540): Economics In Plain English by Steven Barr"",""caption-linebreaks"":""Economics In Plain English\nby Steven Barr
Simon & Schuster
Simon & Schuster Building
1230 Avenue of the Americas
New York, NY 10020
(212) 698-7000
Author: Leonard Silk
Price: $8.95
Further, it must be said, much past writing on the history of economic ideas has been aggressively dull.\nThere are a significant number of learned men and women who hold that any successful effort to make\nideas lively, intelligible and interesting is a manifestation of deficient scholarship.
—John Kenneth Galbraith,
Economics in Perspective
Leonard Silk, economist, business writer and columnist for The New York Times is the exception to the\nrule.
Many traders use economic theory in their everyday trading. Fundamentalists analyze crop reports,\nFederal Reserve Board action, and many other statistical series. Even market technicians are usually\naware of the influence of these factors on stock, commodity and debt securities."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-539-540-economics-in-plain-english-by-steven-barr-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-539-540-economics-in-plain-english-by-steven-barr-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-539-540-economics-in-plain-english-by-steven-barr-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v81454combyt,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:14 (540-543): CompuTrac/M by Thom Hartle"",""caption-linebreaks"":""CompuTrac/M\nby Thom Hartle
CompuTrac
1017 Pleasant St. P.O. Box 15951
New Orleans, LA 70175-5951 (504) 895-1474
Developer contact: Norbert Rudick
Product: Intermediate-level trading software\nMinimal equipment required: Mac Plus and one 800K disk drive, printer and modem.
Price: $695
Summary: Graphics are excellent; ease of use is high once poor manual is overcome.
On May 1, 1990, CompuTrac released its latest version of CompuTrac/M, the technical analysis\nprogram for the Apple Macintosh personal computer. The first version was originally acquired from\nButton down software and known as Profits! version 1.3.
CompuTrac has a reputation for providing excellent software for the technically oriented trader and\ninvestor. The Macintosh computer has an equally fine reputation for being user-friendly and creating\nterrific graphs. The combination of CompuTrac and the Macintosh make a great combination for the\ntechnical analyst. I can say that really like the program. There are 27 programmed technical studies, with\neight studies being generic subjects such as \""Volume,\"" with two or more studies offered as choices (for\nexample, on-balance volume and volume accumulation)."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-540-543-computrac-m-by-thom-hartle-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-540-543-computrac-m-by-thom-hartle-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-540-543-computrac-m-by-thom-hartle-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v81454quotby,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:14 (544-544): Quotrek by Alexander Elder"",""caption-linebreaks"":""Quotrek\nby Alexander Elder
Address: FNN Data Broadcasting,\n8300 Old Courthouse Rd., Suite 200
Vienna, VA 22182, (800) 777-3334
Product: Hand-held quote machine
Price: $399, plus miscellaneous fees
The skills that are involved in day trading and position trading are essentially similar, but day trading\ndemands that you make decisions much faster. A position trader has time to mull his actions over at\nleisure. A day trader, however, must make decisions in minutes and often in seconds and act nearly\ninstantly. Switching from position trading to day trading is like switching from playing Pac-Man at level\n2 to playing the video game at level 9. The game is the same, but you accumulate points much faster and\nrisk getting eaten by the monsters much sooner. The best time to day trade is after you have proved to\nyourself that you are a successful position trader.
If you day trade away from the exchange floor, you need a reliable stream of real-time data. A novice day\ntrader also needs a computer with which to chart and analyze intraday data. Once you've learned how to\nday trade, your need for charts and indicators begins to decrease; you become more attuned to the prices\nthemselves. Simply watching a series of quotes will be able to tell you whether the trend is up or down\nand how strong or weak it is. You start to develop a \""feel\"" for prices."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-544-544-quotrek-by-alexander-elder-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-544-544-quotrek-by-alexander-elder-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-544-544-quotrek-by-alexander-elder-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v81454mes3by,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:14 (545-546): MESA 3 by John Sweeney"",""caption-linebreaks"":""MESA 3 By John Sweeney, Editor
John Ehlers
Box 1801
Goleta, CA 93116
(805) 969-6478
Price: $350
When Maximum Entropy Spectral Analysis (MESA) edged onto the trading scene several years ago,\nwe (favorably) evaluated it over our previous choice for cyclical analysis, Fourier analysis. MESA was\nthe first program that conveniently applied a better technique to price data in a manner that the average\ntrader could comprehend.
For $350, it would sift through the last 60 days of your numbers, automatically select the analytical\nperiod and pop up with a spectrum of the cyclic content in the numbers. It would even apply this to\nfamiliar indicators such as the Commodity Channel Index (CCI) and Relative Strength Indicator (RSI). It\ndidn't stop there. It pumped out a prediction of the daily price action for the next two weeks, breaking the\nhearts of software developers all over the United States. Naturally, traders salivated while throwing\nmoney at developer John Ehlers—only to discover that the program wasn't always right.
Ehlers had warned that there really was cyclic content in the prices only 20% of the time and had even\nthrown in automatic warnings when the amplitude was too low or the definition of the spectrum too\nbroad. To help out more, he produced another program, EPOCH, which formulated trading signals using\nthe MESA analytics."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-545-546-mesa-3-by-john-sweeney-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-545-546-mesa-3-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-545-546-mesa-3-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v81454met20b,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:14 (547-551): MetaStock-Professional 2.0 by John Sweeney"",""caption-linebreaks"":""MetaStock-Professional 2.0\nby John Sweeney
EQUIS INTERNATIONAL
P.O. Box 26743
Salt Lake City, UT 84126
(801) 974-5115
Product: Advanced-level technical analysis and profitability testing package.
Equipment required: IBM PC/XT/ AT/PS2, 640K. Can use up to 1.8 MB of expanded memory\n(EMS LIM 4.0). CGA, EGA with 256K graphic memory, VGA. Two 720K floppies minimum but\nreally needs a hard disk. Asynchronous communications adapter with Hayes modem or 100%\ncompatible. PC or MS DOS 3.1 or higher. One of 150 supported dot matrix, ink jet or laser printers.\nYou'll need about 900K disk space with sample data.
Data sources supported directly by Equis'S Downloader ($69-195): CompuServe, Dial/Data, Dow\nJones News/Retrieval, Info Globe/Marketscan, FNN Signal, Warner Computing Systems, X*PRESS
Data sources supporting MetaStock data format: Commodity Systems, Inc., FNN/Marketwatch,\nGenesis Data Services, Lowry's Reports, National Computer Network, Radio Exchange, Stock Data,\nTick Data
Talk about intimidation! Equis International, MetaStock's publisher, not only sends out the book and\nthe program, they send you a 10-page letter, single-spaced and double-sided, listing features and\nimprovements in the program before you. You're in awe before you install. How many guys slave away\nover this thing night and day?
Keep in mind that you're hearing this from someone who just last month drooled over Dow Jones's new\nversion of Market Analyzer Plus. I figured MetaStock was going to take its lumps this time around and\nI'd have to eat my previous #1 rating. Well, life is more complicated than that."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-547-551-metastock-professional-2-0-by-john-sweeney-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-547-551-metastock-professional-2-0-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-547-551-metastock-professional-2-0-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v81454sidotc,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:14 (547-551): SIDEBAR: OTHER CONTENDERS"",""caption-linebreaks"":""OTHER CONTENDERS
After Dow's Market Analyzer Plus and MetaStock Pro 2.0, two contenders remain: N 2 and CompuTrac.
The all-time price leader at over $3,000 is CompuTrac— the originator of this entire genus of software.\nAfter a developmental slowdown several years ago, acquisition by Telerate has pumped new money and\nnew features into the program, and a recent revision included so many new items it almost overloaded\nour comparison table. It'S the next package we have to review and the obvious question will be, \""What\ncould possibly be worth that much money?\"""",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-547-551-sidebar-other-contenders-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-547-551-sidebar-other-contenders-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-547-551-sidebar-other-contenders-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v81455maranp,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:14 (552-559): Market Analyzer PLUS by John Sweeney"",""caption-linebreaks"":""Market Analyzer PLUS\nby John Sweeney
Dow Jones & Co.
PO Box 300
Princeton, NJ 08543-0300
(609) 520-4641
Product: Advanced-level technical analysis plus portfolio management
Equipment required: IBM PC/XT/ AT/PS2, 512K (640K recommended). CGA, EGA, VGC or\nHercules graphics. Two floppies or a hard drive. Asynchronous communications adapter with Hayes\nmodem or 100% compatible. PC- or MS-DOS 3.1 or higher. IBM, Epson or Hewlett-Packard LaserJet\nII or one of 75 other printers.
Price: $499. News/Retrieval subscribers get it for $399.20. Special offer for Stocks & Commodities\nsubscribers at $349.30, including three hours' connect time. Offer expires 11/15/90. Call (609)\n520-4641.
Summary: B+. I love the program, but I'm not wild about the graphics or the learning curve with this\nmanual.
When last reviewed here, Market Analyzer PLUS (hereafter referred to as MA+) had fair technical\nanalysis capabilities, good access to Dow Jones databases and a big plus: an integrated portfolio manager.\nHo hum! Now that big plus is just a sideshow in a much larger, fully integrated package. Along with:
(1) The data download (subject to Dow Jones's database limitations, somewhat ameliorated by the\nacquisition of //TRADELINE historical data)
(2) Automated, unattended downloading and analysis
(3) A full portfolio manager with automatic profit and loss and tax reporting"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-552-559-market-analyzer-plus-by-john-sweeney-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-552-559-market-analyzer-plus-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-552-559-market-analyzer-plus-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v81456monmys,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:14 (561-561): Monthly Mystery Chart S&C's \""how-I-done-it\"" challenge for true technicians"",""caption-linebreaks"":""Monthly Mystery Chart\nS&C's \""how-I-done-it\"" challenge for true\ntechnicians
A true technician loves a challenge and the formation highlighted above presents one. First, tell us what\nthis is and when it occurred. Describe how it would have been traded by your discipline (charts,\nregression, breakouts and so on). We will judge the entries for accuracy and coherence, in the first part,\nand in consistency and success in the second part. The winner will receive a one-year subscription\nextension to Stocks & Commodities plus the title of Certified Technical Genius!
Any dyed-in-the-wool technical analyst loves a challenge, and the price formation highlighted on this\nunidentified chart is just that. This contest is our first for STOCKS & COMMODITIES readers and your\nobjective, first of all, is to tell us when and in what market this occurred."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-561-561-monthly-mystery-chart-s-c-s-how-i-done-it-challenge-for-true-technicians-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-561-561-monthly-mystery-chart-s-c-s-how-i-done-it-challenge-for-true-technicians-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-561-561-monthly-mystery-chart-s-c-s-how-i-done-it-challenge-for-true-technicians-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v81456gregca,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:14 (562-565): Greg Carnell solves our first Mystery Chart by John Sweeney"",""caption-linebreaks"":""Greg Carnell solves our first Mystery Chart\nby John Sweeney
Picking the winner for our first Mystery Chart (November 1989) was tough, since we received several\ngreat entries. But we had to choose, and finally, we settled on Greg Carnell's effective use of moving\naverages, momentum and divergence. A close second was John Fortune's straightforward analysis\nstarting from the weekly charts and moving down to daily entry and exit signals. Both struck us as being\nlogical, internally consistent and realistic.
Our Mystery Chart inspired 14 readers to take a swing at guessing where the chart was from and\nfollowing up with an explanation of how it should be traded. All but two contestants correctly identified\nthe chart as the December Deutschemark contract, shown in Figure 1 both \""before\"" and \""after.\"" (The\nchart was actually a CSI perpetual D-mark contract, a substitution we thought acceptable since it allowed\nus to show the chart without rollover effects.) Several analysts also picked up that August 1, 1989, was\nmissing from our chart.
The \""floating continent\"" formation coming off the bottom of a long decline was unique in my experience.\nI thought many futures traders could identify the contract, but not many would attempt an explanation\nwithin the bounds of typical technical analysis. Wrong! All were standard techniques, except Joe\nBarics's of Farmingville, NY, whose unique scaling approach is presented in this issue.
With his winning entry, Carnell receives a one-year subscription extension to Stocks & Commodities plus\nthe title of Certified Technical Genius! Congratulations, Greg, and better luck next time to the rest of\nyou. I hope this was as much fun for you as it was for me. I also hope just one chart hasn't burned out our\nreaders' mystery-solving abilities. I haven't received a single submission for Mystery Chart #2 in the\nDecember issue!
P.S. We won't always use a futures contract. Stock charts are equally likely —without notice. We will\nwarn you of any option or debt charts, though."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-562-565-greg-carnell-solves-our-first-mystery-chart-by-john-sweeney-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-562-565-greg-carnell-solves-our-first-mystery-chart-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-562-565-greg-carnell-solves-our-first-mystery-chart-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v81456warsto,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:14 (565-568): War stories by John Sweeney"",""caption-linebreaks"":""War stories\nby John Sweeney
In our first Mystery Chart contest, we were fascinated with the variety of ways traders looked at the\nsame data. From pure chartcraft to Gann angles to spreads, readers hardly felt constrained in generating\nideas for trading. We've summarized some of the most interesting here.
ERWIN GOODMAN
Los Angeles, CA
Mr. Goodman used two well-defined patterns to trade our mystery chart: outside day reversal (ODR) and\npivot day reversal (PDR).
The outside day in this example was obviously June 15, which many caught. (See Figure 1.) However,\nmost entries didn't have so neatly defined a set of rules:"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-565-568-war-stories-by-john-sweeney-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-565-568-war-stories-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-565-568-war-stories-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v81456chalre,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:14 (569-569): Challenging the reader with Mystery Charts"",""caption-linebreaks"":""Challenging the reader with Mystery Charts
We're the first to admit December's Mystery Chart (Figure 1) was tough. We threw in too few hints\nand, since we used the Standard & Poor's index rather than the Dow, only four people came up with the\n1982 stock market bottom, although thousands have begun their analyses from that turning point.
Our winning trader was John F. Cody of Ruff Securities in Atlanta, whose straightforward breakout\nsystem we found to be effective and unique. In his approach, you wait for breakouts of lines with at least\nfour points of definition, not two or three. As the annotated chart indicates, this happened right at the\nbegining of the big bull market.
It was also neat that volume broke out at the same time! Congratulations to John, who is our newest\nCertified Technical Genius!"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-569-569-challenging-the-reader-with-mystery-charts-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-569-569-challenging-the-reader-with-mystery-charts-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-569-569-challenging-the-reader-with-mystery-charts-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v81456charof,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:14 (569-569): Chart Of The Month"",""caption-linebreaks"":""Chart Of The Month
JANUARY 1990 MYSTERY CHART
Headed by a ruthless CEO renowned for his punishment of opposing short-sellers and backed by the\nwiliest band of directors in Christendom, nothing else trades like this NYSE stock. This month's mystery\nselection is a carefully selected chunk of 1989's action. If you haven't seen it, don 't despair. Even\nknowledgeable traders touch this gingerly."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-569-569-chart-of-the-month-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-569-569-chart-of-the-month-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-569-569-chart-of-the-month-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v81457nochum,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:14 (570-573): No chumps and Mystery Charts by John Sweeney"",""caption-linebreaks"":""No chumps and Mystery Charts\nby John Sweeney
Chumps don't trade Teledyne, which was January's Mystery Chart (Figure 1). Brokers should accept no\norders from anyone who isn't well-capitalized, well-connected or just as ornery as the other players. The\nwindow in Figure 2 itself shows what has happened since Teledyne's summer 1989 runup and, for\nperspective, Figure 3 is Teledyne'sThe weekly chart since 1986. The tumultuous action evident since last\nsummer shows that Teledyne's character has hardly changed.
As a group, the entries for January were well thought out and consistent. No \""cup and saucer\""\nformations were evident, nor were appeals to an \""ascendant Mars in the Third House.\"" Instead, we heard\nfrom savvy traders who were aware they were working with a tough situation.
Since all the entries we received were good, picking a winner was difficult. I gave no credit this time\naround for any long-term view, because the stock is usually driven by clashing \""armies in the night\"" and\nonly rarely by other market action, fundamental news or past prices. Intellectually, I ended up giving the\nmost credit to the simplest, consistent approach, choosing Los Angeleno Erwin Goodman's entry over\ncompelling approaches by Loren Miller (Department of Engineering, University of Michigan) and W.E.\nMichael (Winnipeg, Manitoba). All three entries are private traders taking money from wars to which\nthey are not privy.
In the end, Goodman's traditional indicators won out over Miller's envelopes and cycles solely from my\nsuspicion that envelopes used on something like Teledyne are unlikely to be consistently effective—a\nblatant judgment call (or miscall!). I chose Michael's entry as third for a small inconsistency in\ninterpreting the pennant while ignoring the sharp price move in early April that would have sucked in\nmost chart traders.
Thanks, too, to Cullen Thomas of Oklahoma City who sent an intriguing chart pattern system with\nfixed profits and losses but couldn't identify the tradeable."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-570-573-no-chumps-and-mystery-charts-by-john-sweeney-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-570-573-no-chumps-and-mystery-charts-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-570-573-no-chumps-and-mystery-charts-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v81457profso,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:14 (574-574): A professional solves our monthly mystery"",""caption-linebreaks"":""A professional solves our monthly mystery
It appears that a professional topped the submissions for the March mystery chart (Figure 1). James S.\nVick of Kent, Connecticut, correctly identified the chart as that of 1980 soybeans, just before liftoff\n(Figure 2). Mr. Vick's analysis follows:
James S. Vick
JV Trading
Kent, Connecticut
The Mystery Chart in your March issue is a daily soybean chart from about May 15, 1979, to June 23,\n1980. The chart depicts a low in April 1980, which preceded a seven-month rise of more than $2.00 a\nbushel. However, the moves in 1979 and 1980 were dwarfed by a 13-month decline (from November\n1980 to December 1981), which carried beans down about $6.00 a bushel.
The chart, as printed in your March issue, appears to have contract rollovers embedded in at least five\nplaces (every two months from mid-October 1979 to mid-June 1980). The rollovers show on the chart as\nupward gaps of about 2 cents each. This distorts levels of support/resistance and skews the trendlines,\ncompared with what they would have been on a specific or continuous contract. The rollovers make the\ndecline appear more gradual than it actually was and would likewise make the ensuing advance appear\nsteeper."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-574-574-a-professional-solves-our-monthly-mystery-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-574-574-a-professional-solves-our-monthly-mystery-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-574-574-a-professional-solves-our-monthly-mystery-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v81457ourmys,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:14 (575-575): Our Mystery Charts? Too simple? by John Sweeney"",""caption-linebreaks"":""Our Mystery Charts? Too simple?\nby John Sweeney
Answers to April's Mystery Chart contest (\""No chumps and Mystery Charts,\"" Stocks & Commodities,\nApril 1990) were pretty terse, although contestants had no trouble identifying the weekly heating oil price\nchart. The brevity may have been from the simplicity of the situation: a breakaway gap to the upside and\nthe approach to support on the downside. The question was: What next?
Our winner, Willis Brewer of Metairie, LA (Figure 1), barely beat out Bob Bronson of Morrison, CO.\nHe would have shorted the breakthrough of the old support line (A) and covered at the uptrend line (B).\nThis is simple and effective, as the succeeding action shows (see Figure 2).
Just because Bob wasn't immediately right (Figure 3) doesn't mean he might not be right in the future.\nHis expectation of a 50% retracement coming off a spike to such a level has been rare in my experience,\nbut oscillations between 58 and 70 before punching lower wouldn't surprise me. I also thought his\ncurvilinear trend lines more accurately caught the thrust of the price movement than straight lines would\nhave done.
Bemused thanks, too, go to Steven Bayern of Laurel Hollow, NY, who aptly traded the upside gap but\nprovided no hints on how to handle the downside of the spike! Joseph Barics of Farmingville, NY, sent\nin an analysis well worth reading. However, he couldn't identify the contract and therefore couldn't get\nthe data into his machine for analysis. Showing the spunk of a true trader, he approximated the numbers\nfrom our chart and typed them into his machine before applying a neat piece of regression analysis. Look\nfor this in a future issue."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-575-575-our-mystery-charts-too-simple-by-john-sweeney-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-575-575-our-mystery-charts-too-simple-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-575-575-our-mystery-charts-too-simple-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v81457leapmy,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:14 (576-577): Leaping Mystery Charts by John Sweeney"",""caption-linebreaks"":""Leaping Mystery Charts\nby John Sweeney
April's challenging chart should have leaped off the page to any member of the energy trading\ncomplex. The weekly heating oil chart from July 1988 to January 1990 was indeed a unique opportunity\nto trade a panic. Action like this - out of nowhere - can make a pit hysterical.
Two late entries stood out. The first was Russell Calkins of Intravest, who supplied no comments but a\nsimple series of effective key reversal trades. The other was Richard Maseri of the Texas Energy\nExchange, who demolished our challenge with a two-page analysis and a blow-by-blow accounting of\nwhat actually happened. Although I was high on Russell's straightforward approach, I rated Richard's\nbetter for the most complete analysis. Here's what he had to say:"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-576-577-leaping-mystery-charts-by-john-sweeney-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-576-577-leaping-mystery-charts-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-576-577-leaping-mystery-charts-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v81457repbot,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:14 (577-577): Repetitive bottoming soybeans"",""caption-linebreaks"":""Repetitive bottoming soybeans
Here's a tardy submission for the April Mystery Chart contest. I liked the logic and the eventual reversal.\n-Ed.
James D. Austin
Kirkland, WA
I believe the Mystery Chart in your March 1990 contest is that of soybeans bottoming in April 1980. On\nthis chart is a repetitive cycle averaging 54.8 days. This cycle would be my trading cycle.
This trading cycle seems to be a component of a longer cycle that is in the downtrend phase. The lower\ntops and lower bottoms define the channel I've drawn (Figure 1)."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-577-577-repetitive-bottoming-soybeans-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-577-577-repetitive-bottoming-soybeans-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-577-577-repetitive-bottoming-soybeans-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v81457starmy,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:14 (578-580): Star-Crossed Mystery Charts by John Sweeney"",""caption-linebreaks"":""Star-Crossed Mystery Charts\nby John Sweeney
For the May Mystery Chart (Figure 1), I contrasted theperformance of two blue-chips headed, I said, in\ndifferent directions despite their industry fundamentals. Which stocks were they and where would they be\nin a year?
This combination was correctly identified by just two industrious stockpickers, Robert Mitchell of\nHanover, NH, and Bernard Dyer of Los Angeles. Both knew IBM and GM charts when they saw them\nand both sent in technical arguments for the future, one bullish and one bearish. Figure 2 is an update of\nIBM and GM.
In reviewing the arguments, which are given below, I eventually gave Mr. Mitchell the nod for the most\nthorough analysis, since he postulated that both would rise with the market and then he needed to\ndifferentiate, based on relative strength, which would do better in order to arrive at this prediction. In the\nprocess, he brought to bear, just about every tool a Certified Technical Genius might bring up on short\nnotice from resistance levels to media sentiment, displaying a deft grasp of the English language as well\nas the market.
Mr. Dyer's short and simple explanation I also found attractive, especially his channel approach\nsupplemented with a simple Elliott wave count. I did have to knock off points for the lack of explanation\nfor the upward curve of the IBM channel while GM continued downward. He gets credit for knowing the\ncharts but less for technique.
So where are IBM and GM going? Mitchell puts GM at 69 1/2 and IBM at 145 5/8 (I love precision!).\nDyer's calling IBM at 101 and GM at 33."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-578-580-star-crossed-mystery-charts-by-john-sweeney-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-578-580-star-crossed-mystery-charts-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-578-580-star-crossed-mystery-charts-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v81458myscha2,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:14 (580-583): MYSTERY CHARTS - GIVEAWAY MYSTERY CHARTS"",""caption-linebreaks"":""MYSTERY CHARTS
GIVEAWAY MYSTERY CHARTS
Yes, I suppose I gave away the June chart when I said it was a currency spread ( Figure 1). On the\nother hand, it turned out there were a lot of currency traders! Picking a winner this time was\ntough. There were no wrong entries and the quality of the trading was strong.
Given the straight-line trend of the Deutschemark/yen spread, it wasn't hard to come up with\nstraightforward trading and good results. I usually give big points to simple solutions, but this time\naround I had to hand the award to a unique approach by Raymond Marten of Baie d'Urfe, Quebec\n(Figure 2). The only demerits I gave him were his vagueness in exiting the trades. Let me add that the\nvery close second, was Malcom Biddle of Sydney, Australia, who was more conservative (trading for a\nbank). Seeing an overextended move well defined on his indicators, he held off from the final runup and\nprojected a trendline that turned in a beautiful reversal signal. Unfortunately, his graphs cannot be\nreproduced here—they're in non-repro blue and orange, which comes out printed as blank and black!\nInstead, I offer a similarly detailed analysis by Bob Skarsten (of Wilton, NY) using everything from\nElliott wave to MACD histograms."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-580-583-mystery-charts-giveaway-mystery-charts-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-580-583-mystery-charts-giveaway-mystery-charts-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-580-583-mystery-charts-giveaway-mystery-charts-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v81458myscha1,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:14 (584-587): Mystery Charts by John Sweeney - DRAMATIC MYSTERY CHARTS"",""caption-linebreaks"":""MYSTERY CHARTS\nby John Sweeney
DRAMATIC MYSTERY CHARTS
All entrants save one for the July Mystery Chart correctly identified COMEX gold (variously, June and\nMarch) and most amazingly traded it correctly for the subsequent breakdown (Figure 1). Since the move\nwas so dramatic, heavy emphasis was placed showing how the action before the break led to the break.
Along those lines, John McCormick of Perris, CA, a private trader (714-943-1658), submitted the most\ncomprehensive analysis covering all the bases: long-term to short-term horizon; trend lines, support and\nresistance; cycles; and his own unique concept of the \""central zone\"" of the trading range. He's our newest\nCertified Technical Genius, and his charts and comments follow.
Second, third and fourth places went, respectively, to Bernard Dyer of Los Angeles, CA (RSI and ADX\nindications properly interpreted); Marvin Hass of Alexandria, VA (trading against a simple 40-day\naverage); and Peter Paul Spica of Attica, MI (another ADX devotee using parabolic stops).\nUnfortunately, we don't have room to publish their analyses.
Most other entries were downgraded for failing to deal with the question of what to do on March 19.\nSeveral dealt with what had been done during the February break and several dealt with what had been\ndone after the March 20th to March 26th break, but those weren't the challenge! Winners will focus on\nthe question asked."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-584-587-mystery-charts-by-john-sweeney-dramatic-mystery-charts-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-584-587-mystery-charts-by-john-sweeney-dramatic-mystery-charts-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-584-587-mystery-charts-by-john-sweeney-dramatic-mystery-charts-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v81458myscha,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:14 (587-590): Mystery Charts - RIGHT OR WRONG"",""caption-linebreaks"":""MYSTERY CHARTS
RIGHT OR WRONG, MYSTERY CHARTS
The winner for our September Mystery Chart (Orange Juice, Figure 1) was easy to determine: only two\nsturdy souls made the necessary predictions, though many recounted their work on the historical data. One person was right and one was wrong. Our newest Certified Technical Genius, whose work is below,\nis Eddy Mark of Toronto, Ontario (Figures 3 through 6). The runner-up, Dennis Krull of Citicorp\nFutures, Chicago, IL, had the direction right (south) but his entry would never have been hit in the\nsubsequent action (Figure 7).
One entry by Raymond Marten of Baie d'Urfé, Quebec, solidifies the preeminence of the Canadians in\nour tests. (These guys are always in the top three, it seems.) He refused to make the required prediction\nfor winning, but his recitation of the trials of trading OJ was so unique, we've shipped it off for\npublication in our War Stories section.
Our thanks to Joseph Halford of Park City, UT, and Bernard Dyer of Los Angeles, CA, for their\nsubmissions, which were nifty in all details but lacking projections, too."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-587-590-mystery-charts-right-or-wrong-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-587-590-mystery-charts-right-or-wrong-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-587-590-mystery-charts-right-or-wrong-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v81459myscha,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:14 (590-592): Mystery Charts - THE NOVEMBER CHALLENGE"",""caption-linebreaks"":""MYSTERY CHARTS
THE NOVEMBER CHALLENGE
Our November Mystery Chart is a world-class stock index, the richest in the world. I'm giving this broad\nhint so you can readily load in the information necessary for your analysis, which will show us what we\nwould have done on August 3, 1990, when the subject approached support (Figure 1, parts A and B) at\nthe 29,000 level. Got that? 29,000!? We've included two Mystery Charts this time so that you can get a\nbetter look at the index in question.
Your task is to show how your indicators and analysis made the call to be long or short as of that date.
BELLWETHER MYSTERY CHARTS
Hey, someone out there is trading the Nikkei Dow, if the response to our November Mystery Charts is\nany indication (Figure 1, parts a and b). Entrants had no trouble at all recognizing the chart, perhaps\nbecause our hints were so broad. Well, no more nice guy stuff. This month's entry will be really tough,\nbut first let's identify the winner."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-590-592-mystery-charts-the-november-challenge-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-590-592-mystery-charts-the-november-challenge-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-590-592-mystery-charts-the-november-challenge-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v81459sidrul,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:14 (593-594): SIDEBAR: THE RULE OF ALTERNATION"",""caption-linebreaks"":""THE RULE OF ALTERNATION
The Rule of Alternation in Elliott wave theory states that a simple wave 2 will be followed by a complex\nwave 4, or, if wave 2 is complex, it will be followed by a simple wave 4. For example, if wave 2 is short\nin time and is subdividable to only an a-b-c pattern, then wave 4 may take more time to develop and all of\nthe corrective waves may be subdividable."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-593-594-sidebar-the-rule-of-alternation-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-593-594-sidebar-the-rule-of-alternation-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-593-594-sidebar-the-rule-of-alternation-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v81459tracgo,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:14 (593-594): Tracking Gold With Elliott and Gann K.H.K.H. Gin, Singapore"",""caption-linebreaks"":""Tracking Gold With Elliott and Gann\nK.H.K.H. Gin, Singapore
Here's a tardy submission to the July Mystery Chart contest that I found intriguing. —Ed.
I am a currency trader, corporate and position trader for a bank in Singapore and follow COMEX gold,\nStandard & Poor's 500, Treasury bonds, Eurobonds and the four major currencies on the IMM. The July\nMystery Chart is Comex gold, April 1990. The methods I used to analyze and trade it were conventional\nchart pattern recognition, Elliott, Gann and proprietary technical indicators and models (Figure 1).
I use the spot gold charts from Teletrac. From June to September 1989, the overall sentiment was bearish\nfor gold. However, at point B, gold could not close lower than the previous low at point O in June.\nImmediately, I questioned whether we had a double bottom in the making. If that were the case, then my\ncurrent Elliott wave count indicated that this was a bear market rally. An Elliott wave bear market rally is\ntypically a three-wave advance with each wave labeled A-B-C, respectively (Figure 2). Waves A and B\nare each three waves (labeled a-b-c), while wave C is composed of five waves. An additional facet of\nElliott wave theory is that waves A and C will have a price relationship based on Fibonacci ratios.\nTherefore, the length of wave C should be one of the following percentages of wave A: 38.2%; 50%;\n61.8%; 100%; 138.2%; or 161.8%."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-593-594-tracking-gold-with-elliott-and-gann-k-h-k-h-gin-singapore-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-593-594-tracking-gold-with-elliott-and-gann-k-h-k-h-gin-singapore-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-14-593-594-tracking-gold-with-elliott-and-gann-k-h-k-h-gin-singapore-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v8281lettosc,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-8-chapter-2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:2 (81-81): Letters to S&C"",""caption-linebreaks"":""Letters to S&C
This month's letters give definitions of short interest, short interest ratio and total short sales; and discuss point and figure software."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-2-81-81-letters-to-s-c-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-2-81-81-letters-to-s-c-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-2-81-81-letters-to-s-c-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v8390125lett,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-8-chapter-3"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:3 (90-90, 125): Letters to S&C"",""caption-linebreaks"":""Letters to S&C
Readers write in about the NFA's rules and regulations, dissatisfaction with a decision by the CEC (Commodities Exchange Center), and \""Neural networks: A trading perspective\"" a recently published article in S&C."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-3-90-90-125-letters-to-s-c-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-3-90-90-125-letters-to-s-c-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-3-90-90-125-letters-to-s-c-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v8416lettosc,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-8-chapter-4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:4 (167-167): Letters to S&C"",""caption-linebreaks"":""Letters to S&C
Letters from readers this month ask our editors for charting programs, data retrieval, point and figure and option analysis information."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-4-167-167-letters-to-s-c-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-4-167-167-letters-to-s-c-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-4-167-167-letters-to-s-c-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v8519sidcomo,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-8-chapter-5"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:5 (199-204): SIDEBAR: The Commitments of Traders report"",""caption-linebreaks"":""SIDEBAR: The Commitments of Traders
This sidebar simply gives the address for the Commodity Futures Trading Commission (CFTC) where the \""Commitments of Traders in\nCommodity Futures\"" monthly report can be obtained."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-5-199-204-sidebar-the-commitments-of-traders-report-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-5-199-204-sidebar-the-commitments-of-traders-report-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-5-199-204-sidebar-the-commitments-of-traders-report-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v8622lettosc,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-8-chapter-6"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:6 (224-224): Letters to S&C"",""caption-linebreaks"":""Letters to S&C
A reader comments: \""In the August 1990 issue you touched on a couple of areas that are of great interest to me — namely, the use of spreadsheets in developing trading tools, and the desire to find \""cheap\"" approaches to trading. On the question of spreadsheets, I am simply amazed that anyone today is doing serious technical analysis without using a spreadsheet or something equally as versatile. . . \"""",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-6-224-224-letters-to-s-c-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-6-224-224-letters-to-s-c-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-6-224-224-letters-to-s-c-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v8728lettosc,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-8-chapter-7"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:7 (285-285): Letters to S&C"",""caption-linebreaks"":""Letters to S&C
This month's letter start with a comment on the method of calculation used in the \""Relative Contract Liquidity\"" column of S&C's monthly Trading Liquidity feature. A second reader detected three errors in the calculation of the negative volume index, and finally one reader comments about the editor's Opening Position."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-7-285-285-letters-to-s-c-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-7-285-285-letters-to-s-c-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-7-285-285-letters-to-s-c-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v8830sidtalo,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-8-chapter-8"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:8 (307-309): SIDEBAR: A tale of two frequencies"",""caption-linebreaks"":""SIDEBAR: A tale of two frequencies
Using the prices in Article Figure 2 as examples of this technique, we'd place the first price, 233.76, in the first histogram; the second price, 234.91, in the second histogram; and the third price, 232.56, in the first histogram. We'd continue this process until we reached the last price."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-8-307-309-sidebar-a-tale-of-two-frequencies-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-8-307-309-sidebar-a-tale-of-two-frequencies-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-8-307-309-sidebar-a-tale-of-two-frequencies-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v8832lettosc,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-8-chapter-8"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:8 (325-325): Letters to S&C"",""caption-linebreaks"":""Letters to S&C
Readers comment on the articles \""A New Market Index\"" by Dan Downing (Stocks & Commodities, July 1990), \""Can stock fundamentals protect you?\"" (STOCKS & COMMODITIES, October 1990); and noted psychologist Dr. Van K. Tharp comments on trader psychology."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-8-325-325-letters-to-s-c-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-8-325-325-letters-to-s-c-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-8-325-325-letters-to-s-c-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v8935lettosc,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-8-chapter-9"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:9 (352-352): Letters To S&C"",""caption-linebreaks"":""Letters to S&C
Editor,
After reading your Opening Position on index arbitrage (Stocks & Commodities, January 1990), a question that I've been unable to answer since program trading became a controversial topic came to mind again. Information available on index arbitrage seems to support one of the following two arguments: Program trading is harmful to markets due to the potential for increased volatility and, therefore, bad for investors; or, there is no proven evidence that program trading increases market volatility and, therefore, is not bad for investors.
Neither of these arguments address the following question I believe is most pertinent to trading: What are the actual benefits or advantages of program trading to the individual (small) investor? . . ."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-9-352-352-letters-to-s-c-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-9-352-352-letters-to-s-c-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-9-352-352-letters-to-s-c-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v8936sidfour,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-8-chapter-9"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 8:9 (364-368): SIDEBAR: Four-year cycles on a mathematical basis"",""caption-linebreaks"":""SIDEBAR: Four-year cycles on a mathematical basis
The mathematical basis for the four-year cycle is found in many types of analysis. A good demonstration is the standard deviation of a market average as a risk parameter."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-9-364-368-sidebar-four-year-cycles-on-a-mathematical-basis-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-9-364-368-sidebar-four-year-cycles-on-a-mathematical-basis-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-8-9-364-368-sidebar-four-year-cycles-on-a-mathematical-basis-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v9129sidtera,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-9-chapter-1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 9:1 (29-32): SIDEBAR: TERMS AND PROGRAMMING HOW -TOS"",""caption-linebreaks"":""TERMS AND PROGRAMMING HOW -TOS
Here are the definitions of the terms used in Article Figures 2 and 3, and the names of storage variables\nyou see at the top of the macro:
CURR—Currency for which the database holds exchange rates
SERIES—Ex. 12345, a numerical series that is optimized
..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-1-29-32-sidebar-terms-and-programming-how-tos-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-1-29-32-sidebar-terms-and-programming-how-tos-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-1-29-32-sidebar-terms-and-programming-how-tos-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v9146lettosc,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-9-chapter-1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 9:1 (46-47): Letters To S&C"",""caption-linebreaks"":""LETTERS TO S&C
FAST FOURIER AND SPECTRAL ANALYSIS
Editor,
I am a student at The School of Business Economics, Aarhus, Denmark. Presently I am working on my\ngraduate report, which concerns the efficiency of the foreign exchange market. In order to detect\ninefficiency in the market I have performed several statistical tests, including spectral analysis. None of\nthese tests have produced any significant results, however, and considering the fact that certain investors\nand investment firms through the use of technical analysis have produced profits substantially larger than\ncould be expected under the efficiency hypothesis, it seems reasonable to test this method thoroughly.
Technical analysis is not yet a widely used method in currency forecasting in Denmark, but I have\nmanaged to get in contact with perhaps the most experienced company in the country regarding this\nmatter, from whom I have borrowed a version of CompuTrac. The CompuTrac system contains a\nprocedure called Fourier analysis, which is described in the manual as a method based on a Fast Fourier\nTransform used for detecting cycles, especially in commodities. In my statistical research I have, as\nmentioned above, used spectral analysis, which is based on a Fourier transformation of the time series.\nMy question, then, is how do you use or how are the CompuTrac users supposed to use the method? In\nessence, how do you interpret the three kinds of graphs produced by the Fourier analysis?
FLEMMING OSTERGAARD
Brabrand, Denmark"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-1-46-47-letters-to-s-c-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-1-46-47-letters-to-s-c-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-1-46-47-letters-to-s-c-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v91040siddra,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-9-chapter-10"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 9:10 (409-414): SIDEBAR: DRAWING CANDLESTICKS"",""caption-linebreaks"":""DRAWING CANDLESTICKS
If drawn by hand, Japanese candlestick charting is time consuming but simple. First, collect the high,\nlow, open and close price for the period under consideration (five minutes, hourly, daily, weekly or\nwhatever you may choose). Second, mark the open and the close on a price chart and join them by a small\nrectangle to form the body of the candle (the small end on the time scale and the long on the price scale,\nrepresenting the difference between the open and close prices). Third, paint the rectangle black when the\nopen is higher than the close and leave it white when the close is higher than the open. Finally, mark the\nhigh and low price for the period and join them to the rectangle with small black lines."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-10-409-414-sidebar-drawing-candlesticks-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-10-409-414-sidebar-drawing-candlesticks-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-10-409-414-sidebar-drawing-candlesticks-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v91147sidisi,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-9-chapter-11"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 9:11 (473-476): SIDEBAR: IS IT TIME TO GO MAC?"",""caption-linebreaks"":""IS IT TIME TO GO MAC?
Time was when virtually no software existed for traders whose machines were Apple Macintosh personal\ncomputers. Even Commodore had more software than Apple's machines, though retail technical analysis\nreally got started with a lowly Apple II and CompuTrac's pioneering work. (Could it have been barely\neight years ago?)
Nowadays, an analyst can legitimately think of going the Macintosh way for his daily analysis and his\nheavy-duty technical requirements. CompuTrac Mac is a tour de force, a delightful program that fully\nexploits the Mac interface. Personal Hotline is another, and then there's Roberts Slade, War Machine and\nnow System Writer Plus (SWP). That's to say nothing of thousands of other robust applications,\nparticularly the spreadsheets and word processors that are far easier to use in the Mac world than in the\nIBM one."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-11-473-476-sidebar-is-it-time-to-go-mac-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-11-473-476-sidebar-is-it-time-to-go-mac-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-11-473-476-sidebar-is-it-time-to-go-mac-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v91147lettos,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-9-chapter-11"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 9:11 (477-477): Letters To S&C"",""caption-linebreaks"":""LETTERS TO S&C
THE UPS AND DOWNS OF IT
Editor,
I have some questions regarding \""Historical movement of the stock market\"" (STOCKS & COMMODITIES,\nNovember 1991). Mr. Moody states that the data cover the quarterly periods from 1940 through June\n1991. This would be 206 quarters. My questions are:
1. Figures 1 and 2 cover 82 quarters, not 206. Why was 60% of the quarterly data not reported? Also, all\nfrequency charts I have previously seen show the market up 60% of the time, but these two charts are\n50/50.
2. Figures 3 and 4 together appear to cover 196 of the 206 quarters. Were the missing 10 quarters\neffectively unchanged? In these two figures the frequency does follow the 60% up and 40% down\nexpected distribution.
3. How does Mr. Moody calculate down moves? (A 20% down move requires a 25% recovery to be back\nto even.)
DOUGLAS B. BEATH
Jupiter, FL
Mr. Moody replies:
Regarding #1: Figures 1 and 2 do cover all 206 quarters. The caption on Figure 1 ,for instance, reads\n\""Up moves by size and frequency.\"" I believe you may be misreading this to mean quarterly price change.\nIn the article, an \""up move\"" is defined as \""consecutive positive quarterly (average) total returns.\"" Thus,\nan up move can easily consist of two or more consecutive positive quarters. As a result, there are fewer\nup moves than quarters. In addition, these charts show frequency of up moves and down moves, not\nfrequency of up quarters. An up move by definition is always followed by a down move, which is why the\nfrequency of up and down moves is 50/50."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-11-477-477-letters-to-s-c-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-11-477-477-letters-to-s-c-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-11-477-477-letters-to-s-c-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v91147siddis,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-9-chapter-11"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 9:11 (477-477): SIDEBAR: Discipline and Flexibility"",""caption-linebreaks"":""DISCIPLINE AND FLEXIBILITY
The novice trader will ignore a failed signal, riding his position into a large loss while hoping for the best.\nThe more experienced trader, having learned the importance of money management, will exit quickly\nonce it is apparent that he has made a bad trade. However, the truly skilled trader will be able to do a\n180-degree turn, reversing his position at a loss if market behavior points to such a course of action. In\nother words, it takes great discipline to capitalize on failed signals, but such flexibility is essential to the\neffective synthesis of chart analysis and trading.
Jack D. Schwager,
A Complete Guide to the\nFutures Markets"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-11-477-477-sidebar-discipline-and-flexibility-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-11-477-477-sidebar-discipline-and-flexibility-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-11-477-477-sidebar-discipline-and-flexibility-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v91251lettos,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-9-chapter-12"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 9:12 (519-519): Letters To S&C"",""caption-linebreaks"":""LETTERS TO S&C
PARAMETRIC CONTROL AND SAMPLE SIZE
Editor,
\""Stopping a system\"" by John Sweeney (Settlement, December 1991) may have suggested a misleading\nlesson to your readers. John introduced what appeared to be a very normal response concerning the\nsystem he was analyzing. Profits were too small, so he decided to introduce stops to improve the results.\nIn fact, his change improved the system's profitability five-fold.
What John did was add a new parameter without deleting an old one or increasing the sample size. When\nparameters are added to a process, freedom, in a statistical sense, is taken away. Profits are increased and\nlosses get smaller due to the added control. No one should expect otherwise. The trick would have been\nto improve profits and reduce losses by substituting the stop control for some other buy/sell decision tool.
Analysts have been plagued for years by the discrepancy between actual trading profits and simulated\nperformance. The matter boils down to parametric control and sample size. At the risk of sounding\nself-serving, passing an actual or simulated record through CSI'S Trading System Performance Evaluator\ncan help to eliminate possibilities that are likely to be unprofitable in practice.
If you take a loss on the first trade of your new system, you still won't know whether it will work on\nsubsequent trades.
ROBERT PELLETIER
Commodity Systems, Inc.
Boca Raton, FL
Bob's point is well taken, but my technique does not restrict degrees of freedom, if I understand what I'm\ndoing correctly! I made no change in the buy/sell decision rule that specifies the trade. Had I added an\nadditional rule to the entry decision, I would indeed need to increase the sample size. However, by\nkeeping the underlying rule unchanged and specifying only the worst loss to accept, I believe we evade\nthe issue he's raised—which is a problem in 99% of the \""systems\"" people develop. MAE (maximum\nadverse excursion) is not a trading system but a loss control or money management technique.
By the way, Bob, since we're on the topic, how about an article explaining your T SPE technique?
—John Sweeney, Technical Editor"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-12-519-519-letters-to-s-c-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-12-519-519-letters-to-s-c-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-12-519-519-letters-to-s-c-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v91352quiccq,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc3"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 9:13 (521-521): Quick-Scans: CQG SYSTEM ONE VERSION 3.0"",""caption-linebreaks"":""CQG SYSTEM ONE VERSION 3.0
CQG, Inc.
P.O. Box 758
Glenwood Springs, CO 81602
(303) 945-8686, (800) 525-7082
Product: Real-time quotation system (hardware and software package) for commodities, stock indices\nand commerce and agricultural indices.
Price: Base charge is $390 a month, not including exchange fees and optional features.
Professional off-floor futures traders have available an excellent source of data display for following\nmarkets. The CQG System One is a complete package. The user receives a central processing unit,\nkeyboard, optional choice of single or dual monitor configuration and an optional printer. You have a\nchoice (depending on your location) of receiving data via satellite, dedicated line or a dial-up line. The\nsoftware provides the user with a combination of quote display formats, various charting styles on\ncommodity and stock indices, technical studies and access to Futures World News.
First off, I want to say that this is a very specialized data service designed for futures traders who want\nthe best data displays. The real value from this service is the intraday data available and the combination\nof formats. One really terrific value is that after the system has been set up and gone through an overnight\ndownloading sequence, the user will have a complete set of data available based on the system\nconfiguration. What this means is that the user does not have to build his own database over time. After\nthe first day you are running at full speed."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-13-521-521-quick-scans-cqg-system-one-version-3-0-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-13-521-521-quick-scans-cqg-system-one-version-3-0-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-13-521-521-quick-scans-cqg-system-one-version-3-0-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v91352quictr,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc3"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 9:13 (522-523): Quick-Scans: TRADE$K"",""caption-linebreaks"":""QUICK-SCANS\nTRADE$K
Bullish Review Software
14600 Blaine Ave. E.
Rosemount, MN 55068
(612) 423-4949
Requires: IBM-PC compatible\n(286 or 386 recommended),\n640K RAM, hard-disk drive
Price: $249
I have discovered a program that makes the dull task of trade and account record-keeping simple and\npleasurable. TRADE$K is a bookkeeping computer program that gathers and organizes futures or options\ntrades, open orders and positions, and produces reports that include essential daily trade information and\nalerts. The program is well designed, easy to use and helpful for the active commodity trader. Its many\nhandy options make it one of the most used programs in my library.
Before TRADE$K, I used a spreadsheet program to keep track of my trades. It was crude, quick and dirty\ncompared with TRADE$K, which is refined and elegant. The essential information I want to see each day\nare my current trades, open trade equity and an up-todate record of my year-to-date profit and loss. With\nTRADE$K, I create an account —the program can handle an unlimited number of accounts—and then post\norders through menu-driven routines. The program contains a contract specifications file with\nuser-definable options such as margins, commissions, fees and the dollar value of each commodity price\ntick. You can customize the input options for contract specifications. For example, the data entry format\nthat I like differs from the default option. I prefer to enter all my data without pressing the period key to\nenter decimals. The program will accommodate this format and also recognizes up to six other price\nformats, including bonds in 32nds and grains in one-quarter-cent increments."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-13-522-523-quick-scans-trade-k-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-13-522-523-quick-scans-trade-k-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-13-522-523-quick-scans-trade-k-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v91352quicte,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc3"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 9:13 (524-524): Quick-Scans: TECHNIQUES OF A PROFESSIONAL COMMODITY CHART ANALYST"",""caption-linebreaks"":""QUICK-SCANS\nTECHNIQUES OF A PROFESSIONAL COMMODITY CHART ANALYST
Commodity Research Bureau
30 South Wacker Drive, Suite 1820
Chicago, IL 60606
(800) 826-7685 Ext. 200
Author: Arthur Sklarew
Price: $24.95
You could do a lot worse than to read about the techniques described in Techniques of a Professional\nCommodity Chart Analyst, published in 1980. Many ideas that still haven't been well-implemented in\ntoday's software reside here, awaiting development. I, for one, have never seen so many different ways to\nproject price objectives. Sklarew lists an even dozen in just one chapter of 23 pages!
Curious about the length and type (simple, exponential or linearly weighted) of moving averages in the\nhard commodities? Here, they are conveniently tabulated, and a wide variety of techniques for trading\nthem and minimizing losses is included."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-13-524-524-quick-scans-techniques-of-a-professional-commodity-chart-analyst-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-13-524-524-quick-scans-techniques-of-a-professional-commodity-chart-analyst-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-13-524-524-quick-scans-techniques-of-a-professional-commodity-chart-analyst-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v91352quicwa,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc3"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 9:13 (524-524): Quick-Scans: THE WALL STREET DICTIONARY"",""caption-linebreaks"":""QUICK-SCANS\nTHE WALL STREET DICTIONARY
New York Institute of Finance
2 Broadway New York, NY 10004
(212) 344-2900
Authors: R.J. Shook and\nRobert L. Shook
Price: $14.95
Pages: 470
Naturally, along with the phenomenal growth of new products in the investment world there has been an\nexponential growth in the investing terminology involved. At one time or another, every serious investor\nhas either read or heard an investment term that was new to him or her. At such times, what is needed is a\npractical desk reference briefly explaining the definition and usage of these new financial terms. The\nNew York Institute of Finance has met the need by publishing such a volume."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-13-524-524-quick-scans-the-wall-street-dictionary-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-13-524-524-quick-scans-the-wall-street-dictionary-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-13-524-524-quick-scans-the-wall-street-dictionary-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v91352quicha,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc3"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 9:13 (525-526): Quick-Scans: THE HANDBOOK OF U.S. TREASURY & GOVERNMENT AGENCY SECURITIES"",""caption-linebreaks"":""QUICK-SCANS\nTHE HANDBOOK OF U.S. TREASURY & GOVERNMENT AGENCY SECURITIES\nINSTRUMENTS, STRATEGIES AND ANALYSIS
Probus Publishing
118 N. Clinton St.
Chicago, IL 60606
(312) 346-7985
Editor: Frank J. Fabozzi
Price: $65.00
Pages: 486
Frank J. Fabozzi has compiled a distinguished group of contributors and created an impressive volume\ncovering the full array of fixed income securities including Treasuries, agencies, agency mortgage-backed\nsecurities, futures and options.
The book is separated into four sections, the first of which deals with Treasury securities and\nzero-coupon bonds. Some of the topics covered are butterfly and caterpillar strategies, measuring risk and\nreward in the Treasury market, repurchase agreements and yield curve arbitrage.
The second section is on agency securities, which has four chapters that cover both the various agencies\nand trading strategies. Trading strategies are explained based on the expected change in yield spread\nrelationships of agency paper compared with Treasuries.
The third section explains the basics of agency mortgage-backed securities. Three of the four chapters\nexplain the differences between GNMA, FHLMC and FNMA mortgage products, while the last chapter\nis on analysis of mortgage pass-through securities."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-13-525-526-quick-scans-the-handbook-of-u-s-treasury-government-agency-securities-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-13-525-526-quick-scans-the-handbook-of-u-s-treasury-government-agency-securities-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-13-525-526-quick-scans-the-handbook-of-u-s-treasury-government-agency-securities-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v91352quicja,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc3"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 9:13 (527-529): Quick-Scans: JAPANESE CANDLESTICK CHARTING TECHNIQUES"",""caption-linebreaks"":""JAPANESE CANDLESTICK CHARTING TECHNIQUES
A Contemporary Guide to the Ancient Investment Techniques of the Far East
New York Institute of Finance
Simon & Schuster Professional Information Group
2 Broadway
New York, NY 10004-2207
(212) 344-2900
Author: Steve Nison
Price: $65.00
Pages: 310
Steve Nison, the leading proponent of candlestick charting in the United States, has completed his\n20-chapter contribution for technicians on the subject of candlestick charting. For those of you unfamiliar\nwith the candlestick method of charting, the technique uses the same price data that bar charting does.\nThe opening, high, low and close make up the candlestick chart. The difference lies in the use of the\nrelationship between the close and the opening. A bar chart plots the high and the low as a vertical bar, a\nsimple horizontal dash on the left side of the bar for the opening and a horizontal dash on the right side\nfor the close. A candlestick chart, on the other hand, plots the high and the low, but the price range\nbetween the opening and the close is drawn as a narrow rectangular box known in the technique as the\n\""real body.\"" The high and lows typically extend beyond the real body and are known as the shadows. A\nsession with a close higher than the opening has an empty, or white, body. If the box is black, or filled in,\nthe close for that day was lower than the opening. A computer is not required to produce these charts. An\nanalyst could simply draw the white body with a red pen. The classic Japanese candlestick charts use red\nand blackbodies. The Japanese place a great deal of importance on the opening and the close because\nthey are the two most emotionally charged points of the trading day."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-13-527-529-quick-scans-japanese-candlestick-charting-techniques-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-13-527-529-quick-scans-japanese-candlestick-charting-techniques-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-13-527-529-quick-scans-japanese-candlestick-charting-techniques-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v91352quicca,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc3"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 9:13 (529-531): Quick-Scans: CANDLEPOWER 2.0"",""caption-linebreaks"":""CANDLEPOWER 2.0
N2 Computing
5318 Forest Ridge Rd.
Silverton, OR 97381
(503) 873-4420
Product: Candlestick charts with automatic candle pattern recognition and an assortment of technical\nindicators
Price: $295. Demo disk: $5
Candlestick charts are the latest rage but may be showing signs of hanging on longer than, say, bubble\ntheory or chaos. When engineers and programmers not given to falling for the latest fad jump into\nmaking their programs not only plot the candles but call out the patterns for you, I suspect there's more\ngoing on than normal marketing activity.
For years, N2 has churned out a vast library of programs that has covered much ground, almost as far as\ntechnical analysis goes. They hit stocks, futures and entire markets. They employ fundamental data as\nwell as technical. They created Access Plot and Export (APEX), a neat little graphing package that we at\nSTOCKS AND COMMODITIES send out to new subscribers. Throughout all this, Norm North and Greg Morris\nhave not been enthusiasts but reliable explicators of techniques developed elsewhere."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-13-529-531-quick-scans-candlepower-2-0-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-13-529-531-quick-scans-candlepower-2-0-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-13-529-531-quick-scans-candlepower-2-0-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v91353quicsp,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc3"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 9:13 (532-532): Quick-Scans: SPLOT ! 4.0"",""caption-linebreaks"":""SPLOT ! 4.0
Data Base Associates, Inc.
PO Box 1838
Honolulu, HI 96805
(808) 926-5854
Price: $135.00
How about a raw plotting program with no indicators? Such things are rare these days, but SPLOT!\n(Stock Plot) is probably the best of the small bunch.
Configured to run on an IBM-compatible platform with EGA/VGA and DOS 3.0 or higher, SPLOT! 4.0\nwill absorb about half a meg of hard disk and handle up to 200 stocks and 100 portfolios per\ndirectory—with up to 3,200 days of data! All this is dumped out on your display or printed out on your\ndefinition of logarithmic charts. You can add your own growth/loss rate lines (log scale, remember) as\nwell as buy and sell indicators in glowing color. Any Hewlett-Packard-or-Epson-compatible printer may\nbe used.
Data are SPLOT!'s big feature. You can either input your own data or download from one of five sources:\nCompuServe, from which you can choose from four forums; FNN SIGNAL; X*PRESS Executive or\nX*PRESS CHANGE; Dow Jones, from which you can also choose from four data bases; or Stock Data,\nInc., for which, at last check, Data Base Associates obligingly provided an introductory discount.\nSPLOT! can also edit its data and import/export from/to ASCII files. To receive data via your cable\ntelevision line, however, you will need a signal converter."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-13-532-532-quick-scans-splot-4-0-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-13-532-532-quick-scans-splot-4-0-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-13-532-532-quick-scans-splot-4-0-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v91353quicst,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc3"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 9:13 (532-534): Quick-Scans: STOCK MARKET RULES"",""caption-linebreaks"":""STOCK MARKET RULES
The Facts and the Fiction
Probus Publishing Co.
118 N. Clinton St., Suite 305
Chicago, IL 60606
(312) 346-7985, (800) 969-8878
Author: Michael D. Sheimo
Price: $18.95
1991, 218 pages
The claim: \""50 of the Most Widely Held Investment Axioms Explained and Exposed.\"" The reality: \""50 of\nthe Most Widely Held Investment Axioms Elaborated and Expanded.\""
If you bought this book, you might expect a good quantitative debunking, or possibly the sage examples\nof experience relating to each rule. Given that most stock market rules are slippery to define and test,\nforget that. Sheimo clearly speaks from experience but it won't help the novice much, because most of the\nadvice he gives is in the vein of \""this works in some situations but not in other situations.\"" The novice is\ngenerally at pains to figure out what the situation is, let alone apply a hoary rule to it.
Now, there is good advice here (for example, \""Thinly traded stocks might be worth a light speculative\nposition held for long-term investment. But they should probably not make up a significant position for\nshort-term trading\""), and some genuinely prudent direction does pop up (\""Sell at the first scent of fraud\"").\nAt the very least, virtually every axiom is listed and the discussion gets a lot of subjects at least on the\ntable, if not resolved. On cutting losses and letting profits run: \""In some situations the investor should\nprepare to sell but in other circumstances it is time for a closer look before reaching the sell decision.\"""",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-13-532-534-quick-scans-stock-market-rules-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-13-532-534-quick-scans-stock-market-rules-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-13-532-534-quick-scans-stock-market-rules-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v91353quicra,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc3"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 9:13 (535-535): Quick-Scans: RATIONAL INDICATORS"",""caption-linebreaks"":""QUICK-SCANS\nRATIONAL INDICATORS
Traders Insight, Inc.
8 Renwick Avenue
Huntington,NY 11743-3052
(516) 423-2413
Equipment: DOS machine with 350K+ free RAM, Hercules/CGA/EGA/VGA graphics
Price: $245; one-month demo, $20
Nitty, gritty types of guys will be able to handle Rational Indicators. It's the inevitable — and welcome\n— commercialization of Mike Poulos's innovative random walk index (\""Of trends and random walks,\""\nSTOCKS & COMMODITIES, February 1991), but it's certainly not a user-cuddling, commercial program yet.
Poulos's nifty analytical technique was to search different lookback periods for price excursions outside\nthe norm, with the norm defined as the square root of the number of days in the tested lookback period\nmultiplied by the average daily range. Then he constructed an index by calculating the ratio of the actual\nprice move over the expected price move for the period with the greatest excursion. Further refinements\nincluded running the numbers for both the highs and the lows as well as running short-term and\nlong-term random walk indices. This technique, we concluded, was a true analytical advance, well worth\nadding to your arsenal."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-13-535-535-quick-scans-rational-indicators-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-13-535-535-quick-scans-rational-indicators-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-13-535-535-quick-scans-rational-indicators-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v91353quicca,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc3"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 9:13 (536-536): Quick-Scans: CANDLESTICK FORECASTER V. 1.21"",""caption-linebreaks"":""QUICK-SCANS\nCANDLESTICK FORECASTER V. 1.21
Intentional Pacific Trading Company
30011 Ivy Glenn, Suite 125
Laguna Niguel, CA 92677
(800) 347-5311
Product: Candlestick charting program
Price: $249
Requirements: DOS machine with 512K RAM, one floppy disk drive, CGA, EGA, VGA or MCGA,\n20-megabyte drive, Epson or HP Laserjet printer
Another entry into the candlestick recognition race is now a solid one. Our initial look at this program\nshowed some work to be done, but the latest versions merit a new look, as most of the bugs have been\nworked out. What remains is a fast, accessible—and educational—program for analyzing price data for\nclassic candlestick patterns.
Most Western analysts studying candlesticks are (1) innately suspicious that anything new is really to be\nfound and (2) overwhelmed by the myriad patterns and their funny names. However, the major\nachievement of this program is that these patterns can be recognized by a computer, which is more than\ncan be said of a flag or a head-and-shoulders pattern. In that respect, candlesticks are ahead of the game.\nThat being the case, what does this program do for you?
Candlestick Forecaster will read its native format or data fromTechnicalTools or Future Source. No\nspecial download feature is required. Upgrades allowing access to data from CSI and CompuTrac data\nare on the way but not seen here yet, though for some reason the choices are listed on the data menu."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-13-536-536-quick-scans-candlestick-forecaster-v-1-21-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-13-536-536-quick-scans-candlestick-forecaster-v-1-21-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-13-536-536-quick-scans-candlestick-forecaster-v-1-21-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v91353quicmo,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc3"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 9:13 (537-537): Quick-Scans: MODERN PORTFOLIO THEORY AND INVESTMENT ANALYSIS"",""caption-linebreaks"":""QUICK-SCANS\nMODERN PORTFOLIO THEORY AND INVESTMENT ANALYSIS
John Wiley & Sons Inc.
605 Third Avenue
New York, NY 10158-0012
(212) 850-6000
Authors: Edwin J. Elton and Martin J. Gruber
Price: $54.95
736 pages
Psst! You practicing securities analysts and portfolio managers out there! Ever stop and think to yourself\nthat you need some sort of text for courses in investment analyses and portfolio management, something\nalong the lines of an aid to answer niggling questions with? A book that full-time managers might find\nhandy to keep around, just in case? Well, it's here and it's available.
Modern Portfolio Theory and Investment Analysis focuses on the characteristics and analysis of\nindividual securities as well as the theory of optimally combining securities into portfolios. It's divided\ninto four parts, with the first part discussing the current theory of modern portfolio analysis (this section\nalone is more than 270 pages), including major breakthroughs that have occurred in the simplification of\nthe computational procedure to find the desired set of portfolios. In addition, two chapters in this section\nexamine how an investor might choose the one optimal portfolio for his or her needs from among a set of\nportfolios. Part 1 concludes with a discussion of potential benefits from a portfolio composed of foreign\nsecurities."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-13-537-537-quick-scans-modern-portfolio-theory-and-investment-analysis-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-13-537-537-quick-scans-modern-portfolio-theory-and-investment-analysis-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-13-537-537-quick-scans-modern-portfolio-theory-and-investment-analysis-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v91353quicpo,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc3"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 9:13 (538-538): Quick-Scans: THE POWER OF OSCILLATOR/CYCLE COMBINATIONS"",""caption-linebreaks"":""THE POWER OF OSCILLATOR/CYCLE COMBINATIONS
Walter Bressert and Associates
6987 N. Oracle Road
Tucson, AZ 85704
Author: Walter Bressert
Price: $145, approximately 250 pages
How to Combine Oscillator and Cycle Analysis to Improve Market Timing and Profits in the Futures\nMarkets— what's left unsaid in that subtitle: it's seat-of-the-pants stuff. Oscillators aren't the difference\nbetween two averages. They're \""any mathematically calculated line that moves up and down with price\nactivity in such a way that overbought and oversold situations can be identified,\"" according to author\nBressert.
Not only that, retracements of 60-40% are the \""general area\"" for cyclic highs in bear markets and vice\nversa. A detrend \""is both an oscillator and a tool to improve the performance of individual oscillators.\"""",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-13-538-538-quick-scans-the-power-of-oscillator-cycle-combinations-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-13-538-538-quick-scans-the-power-of-oscillator-cycle-combinations-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-13-538-538-quick-scans-the-power-of-oscillator-cycle-combinations-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v91353quicbu,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc3"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 9:13 (539-539): Quick-Scans: BUSINESSWEEK'S ANNUAL GUIDE TO MUTUAL FUNDS"",""caption-linebreaks"":""BUSINESSWEEK'S ANNUAL GUIDE TO MUTUAL FUNDS
McGraw-Hill Publishing Company
11 West 19th Street
New York, NY 10001
1-800-2-MCGRAW
Author: Jeffrey M. Laderman
Price $24.95, hardcover; $14.95, paperback
1991, 154 pages
Sometimes the most general interest of publications produce gems. The first hundred pages of\nBusinessWeek's Annual Guide to Mutual Funds provide the reader with an easy-to-read guide to investing\nin mutual funds, starting with the basics of just what a mutual fund is, then pointing out the value of\ncompound growth. A table is used to introduce the reader to various \""what-if\"" scenarios to illustrate that\nmutual funds can provide an avenue for success in developing a long-term savings plan. The second\nsection surveys the different funds currently available. Equity, bond, money market and closed-end funds\nare surveyed, with each group broken down into subcategories of funds. The purpose of these\nsubdivisions is to point out the different investment styles and types of securities used by various funds."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-13-539-539-quick-scans-businessweek-s-annual-guide-to-mutual-funds-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-13-539-539-quick-scans-businessweek-s-annual-guide-to-mutual-funds-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-13-539-539-quick-scans-businessweek-s-annual-guide-to-mutual-funds-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v91354quicmo,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc3"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 9:13 (540-541): Quick-Scans: MODERN FUTURES AND OPTIONS TRADING"",""caption-linebreaks"":""MODERN FUTURES AND OPTIONS TRADING
Commodity Research Bureau
Knight-Ridder Business Information\nService
30 S. Wacker Drive, Suite 1820
Chicago, IL 60606
(312) 454-9116
Author: Gerald Gold
Price: $39.95, 1989
Here's a classic. How can you tell it's a classic? You can tell a book's a classic when you notice (on the\nway to the contents section) that you're looking at the eighth (revised) edition of the volume. The first\nedition was published in 1959. The world of finance has turned topsy-turvy at least two or three times\nsince then, and with each new upheaval, more changes, more updates, more, in essence (and practice),\nsigns of the times . One gets a hint of what and how the world has changed through all the editions in the\npreface, in which author Gerald Gold writes, \""We have barely scratched the surface of potential futures\nand options traders\"" in the United States. Then, he adds, reminding us of how 24-hour trading and\nintermarket analysis is upon us, \""Think of the world!\"""",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-13-540-541-quick-scans-modern-futures-and-options-trading-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-13-540-541-quick-scans-modern-futures-and-options-trading-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-13-540-541-quick-scans-modern-futures-and-options-trading-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v91354quicvo,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc3"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 9:13 (541-541): Quick-Scans: VOLUME AND OPEN INTEREST"",""caption-linebreaks"":""VOLUME AND OPEN INTEREST
Trading Strategies in the Futures Market
Probus Publishing Co.
118 N. Clinton Street
Chicago, IL 60606
(800) 426-1520
Author: Kenneth Shaleen
Price: $42.50
Markets continually generate information regarding their current technical position, information\ntransmitted by volume and open interest. It is ignored by most, received and interpreted in garbled form\nby some and understood and acted upon by only a few. Kenneth Shaleen's Volume and Open Interest\nprovides the tools to decipher the markets' current technical condition from an analysis and interpretation\nof volume and open interest alone.
Judging from the title, one might expect this book to appeal primarily to commodity traders, especially\nsince open interest information is not collected for stocks. In reality, the book is written both for technical\nstudents and seasoned traders.
Those developing their technical skills will have an excellent source of information on volume and open\ninterest, which they can incorporate into their trading. Seasoned traders will benefit from the book's\npractical exercises, case studies and applications illustrating how volume and open interest provide\ninformation of a market's technical condition. Standard & Poor's 500 options traders and Dow Jones\nIndustrials watchers will glean essential information with which to judge the market's underlying strength\nor weakness from the relationship and behavior of volume and open interest."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-13-541-541-quick-scans-volume-and-open-interest-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-13-541-541-quick-scans-volume-and-open-interest-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-13-541-541-quick-scans-volume-and-open-interest-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v91354quicne,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc3"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 9:13 (542-543): Quick-Scans: NEURALYST"",""caption-linebreaks"":""NEURALYST
EPIC Systems Group
3814 East Colorado Boulevard, Suite 101
Pasadena, CA 91107
(818) 564-0383
Product: IBM-PC/Windows or Apple Macintosh, Microsoft Excel, macrodriven program to emulate\nneural networks. Examples include trading-oriented applications
Price: $165
Artificial intelligence having busted its pick on predicting the market, neural networks are now taking a\nswing. Neural networks (see STOCKS & COMMODITIES, March and April 1991, among other articles)\noperate on the assumption that behavior can be captured/modeled in the pattern of weights generated\nfrom stimulus and response by successive layers made of trained input/output devices (\""nifty neurons\"")."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-13-542-543-quick-scans-neuralyst-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-13-542-543-quick-scans-neuralyst-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-13-542-543-quick-scans-neuralyst-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v91354quictr,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc3"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 9:13 (544-544): Quick-Scans: TRADER VIC—METHODS OF A WALL STREET MASTER"",""caption-linebreaks"":""TRADER VIC—METHODS OF A WALL STREET MASTER
John Wiley & Sons
605 Third Avenue
New York, NY 10158
(212) 850-6497 or (800) 526-5368
Authors: Victor Sperandeo with\nT. Sullivan Brown
Price: $24.95
1991, 290 pp.
Here's a simple review in three steps:
1) Buy this book!
2) Read this book!
3) See step 2.
For those who can't take a hint, Victor Sperandeo with T. Sullivan Brown has written a gem, a book of\nvalue for everyone in the markets, whether egghead, novice or seasoned speculator. With the help of\nBrown, Sperandeo describes his own seasoning, his development of statistical tools to help him assess\nthe likelihood of different market moves, his candid assessment of how to fade the political policymakers\nas well as the Federal Reserve, and his personal integration of technical analysis, economic fundamentals\nand even psychology."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-13-544-544-quick-scans-trader-vic-methods-of-a-wall-street-master-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-13-544-544-quick-scans-trader-vic-methods-of-a-wall-street-master-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-13-544-544-quick-scans-trader-vic-methods-of-a-wall-street-master-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v91354quicbr,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc3"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 9:13 (545-546): Quick-Scans: BRAINMAKER PROFESSIONAL"",""caption-linebreaks"":""BRAINMAKER PROFESSIONAL
California Scientific Software
10141 Evening Star Drive #6
Grass Valley, CA 95945
(916) 477-7481
Product: General neural network creation and training model
Hardware: IBM compatible machine with DOS 3.3 or better; 475K free RAM and 900K or more space\non your hard disk
Parice: $795, with 30-day warranty. Version with accelerator board and software, $1,995
There are neural network packages and then there are serious neural network packages — emphasis on\ndetails! BrainMaker Professional emphasizes the latter. This is definitely a package for the\nserious-minded DOS-devoté who loves to tweak every aspect of his or her analysis.
Despite this lead, BrainMaker Professional is written in a breezy, realistic tone that's instantly likeable. Its\nmanual is massive, thoroughly indexed, very readable and intuitively organized—easily the most\ncomprehensive technical manual I've ever seen or used. There's also a separate 211-page introduction to\nneural networks that is a must-read way to get smart on this analytical technique. Still, all that can't quite\novercome the necessity of learning the names and functions of 18 different file types and a character map\n(which occasionally is reported missing) so as to attempt to answer the many questions the program asks\nyou. This is a program that could use five tutorial analyses, so complex are the alternatives."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-13-545-546-quick-scans-brainmaker-professional-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-13-545-546-quick-scans-brainmaker-professional-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-13-545-546-quick-scans-brainmaker-professional-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v91354quicel,d,"{""minimum-quantity"":""1"",""path"":""chap13quicsc3"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 9:13 (546-546): Quick-Scans: ELLIOTT WAVE EDUCATIONAL VIDEO SERIES"",""caption-linebreaks"":""ELLIOTT WAVE EDUCATIONAL VIDEO SERIES
Robert R. Prechter and associates
Elliott Wave International
P.O. Box 1618
Gainesville, GA 30503
(800) 336-1618 or (404) 536-0309
Set of 10 videotapes with workbooks, a\nPrecision Ratio Compass and manual\n11+ hours. VHS, Beta, PAL format
Price: $1,499
These tapes were shot at a two-day workshop on R.N. Elliott's market wave analysis technique and\nedited. This ambitious project sets out to cover all of Elliott wave theory, from the three basic\n\""unbreakable rules\"" to \""personalities\"" of each type of wave, to using Fibonacci ratios, to the concepts of\nfractal geometry. The tapes have a practical bent, too: Prechter, who won the February 1 - June 1, 1984,\nsegment of the U.S. Trading Championships options division with a 444.4% gain, demonstrates how he\napplies Elliott wave to trading options, while his associates focus on, among other topics, how to time\nturning points and trade in real time.
Tape 1 offers an overview of the Elliott wave concept. It is twice as long as any other tape, and Prechter\nreviews the entire theory. This tape, which is sold separately from the set for $49, can be thought of as an\neconomy version of the entire package."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-13-546-546-quick-scans-elliott-wave-educational-video-series-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-13-546-546-quick-scans-elliott-wave-educational-video-series-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-13-546-546-quick-scans-elliott-wave-educational-video-series-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v91454quic40,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre3"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 9:14 (547-550): QuickPlot/QuickStudy 4.01 by John Sweeney"",""caption-linebreaks"":""QuickPlot/QuickStudy 4.01\nby John Sweeney
Commodity Systems, Inc.
200 W. Palmetto Park Road
Boca Raton, FL 33432
(800) 327-0175
(407) 392-8663
Service: QuickTrieve and QuickManager are data download and management programs. QuickPlot\nand QuickStudy are plotting and analytical software.
Price: QuickTrieve/QuickManager: $39 initiation fee. QuickPlot/QuickStudy with
QuickTrieve/QuickManager: $195 initiation fee. Add data costs, since this software will not work\nunless you are downloading CSI data. Demo disk available for $5, applicable to purchase.\nQuickTrieve has been the one constant through my trading years: turn on the machine, have it call\nBoca Raton (via a local network node), get the data, plot bonds and currencies, and sweat out the latest\ntrade. Since I seem to be reviewing the oldies-but-goodies these days, CSI, a product I grew up with in\nfutures trading, fits right in.
Through it all has been one constant: the CSI people have always provided the most bug-proof,\nidiot-resistant software, telecommunications and data available. Everyone makes mistakes, but these guys\nalways found them before I did and fixed them as permanently as possible.
When I started out, that was quite a challenge. Networks were imbecilic to deal with, data from the\nexchanges changed quite a bit with lots of late corrections, and Boca Raton was subject to everything\nfrom hurricanes to electrical storms. CSI set out to service people all over the world and succeeded before\nthe large companies—Reuters, Telerate and the others—even figured out what the game was. Of course,\nonce the biggies figured it out, their vast resources made competition tougher for the CSIs of the world,\nand now things are even tougher with the advent of Cheap satellite/FM data feeds."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-14-547-550-quickplot-quickstudy-4-01-by-john-sweeney-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-14-547-550-quickplot-quickstudy-4-01-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-14-547-550-quickplot-quickstudy-4-01-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v91455adgetp,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre3"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 9:14 (551-554): Advanced GET Professional by John Sweeney"",""caption-linebreaks"":""Advanced GET Professional\nby John Sweeney
Tom Joseph
Programming by
Eric Scott Hunsader
Trading Techniques, Inc.
677 W. Turkey Foot Lake Road
Akron, OH 44319
(216) 645-0077
Price: $2,950 with training videos
This is spooky! This program draws graphs and then lays on an Elliott Wave count—all in about 20\nseconds. Think for a minute about the logic that goes into that. Plus, the counts are internally consistent\nand the same that maybe 80% of Elliotticians would derive. It even changes its counts as it goes along,\njust like human analysts. How'd they do that!?
Plus—it trades the wave count and an internal cycle and oscillator system. It can even make money.
Many components of the program are disclosed and it will teach you how to trade Gann and Elliott\nusing its proprietary indicators!
There's nothing else like this. Before I go overboard, though, let's cover the nuts and bolts."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-14-551-554-advanced-get-professional-by-john-sweeney-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-14-551-554-advanced-get-professional-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-14-551-554-advanced-get-professional-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v91455sidmax,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre3"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 9:14 (551-554): SIDEBAR: MAXIMUM ADVERSE EXCURSION"",""caption-linebreaks"":""MAXIMUM ADVERSE EXCURSION
\""MAE\"" stands for\"" maximum adverse excursion,\"" which is just the number of trading points a trade goes\nagainst your position at any time between opening and closing the trade. You measure MAE in order to\nfind out how bad things can get when you're trading a specific system or approach. Once you know that,\nyou may be in a position to limit losses and increase profits by simply setting stops correctly."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-14-551-554-sidebar-maximum-adverse-excursion-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-14-551-554-sidebar-maximum-adverse-excursion-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-14-551-554-sidebar-maximum-adverse-excursion-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v91455sidbas,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre3"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 9:14 (555-557): SIDEBAR: BASICS"",""caption-linebreaks"":""BASICS
Equipment
Come prepared with a 286 or better, EGA to VGA color graphics and a hard disk with 1.75 MB for\nsoftware and perhaps 40 items being tracked. 640K is listed as minimum RAM, but 1 to 4 MB wouldn't\nhurt, though you'll need Windows to manage it. Your printer should be Epson or HP Laserjet compatible.
Data
The data comes from Signal, S&P Comstock, DTN Wall Street or XPress. I assume your datafeed is\nalready up and running and you are just inserting LiveWire. Be aware that LiveWire will siphon off the\nsignal from Signal, thereby castrating Signal's display. You can have one or the other running, but not\nboth. A $49.95 add-on allows historical data download from Dow Jones or Warner."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-14-555-557-sidebar-basics-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-14-555-557-sidebar-basics-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-14-555-557-sidebar-basics-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v91455bookre,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre3"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 9:14 (558-559): BOOK REVIEW"",""caption-linebreaks"":""THE DISCIPLINED TRADER
New York Institute of Finance
Simon & Schuster Professional Publishing
2 Broadway, New York, NY 10004
(212) 344-2900
Author: Mark Douglas
Price: $29.95
236 pages, 1990
Most people think that traders are rugged individualists, but as a group, traders (except for a few\nleaders) are indecisive and impatient to an extreme. Under normal conditions, the frame of mind of an\naverage trader is one notch away from unrestrained terror. — Mark Douglas
This book has to elicit curiosity among its readers about whether the author is really a trader or a\ntheoretician. By chance, Mark Douglas seems to be both. Douglas honestly recaps his experiences as a\nfledgling trader in The Disciplined Trader. In the book, he tells of how he went to Chicago with very\nlittle capital to become a trader. He rented a fancy apartment, paid for his girlfriend's mortgage back\nhome and commuted by plane on weekends. To cover his expenses, he needed to get rich in a hurry! But\nwithin a year, he ended up in bankruptcy court. That crushing and humiliating experience created what\nDouglas calls \""forced awareness.\"" Thus began a painful and slow but ultimately productive course of\nintrospection and of evaluating his own and others' trading psychology."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-14-558-559-book-review-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-14-558-559-book-review-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-14-558-559-book-review-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v91455com321,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre3"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 9:14 (559-565): CompuTrac 3.21 by John Sweeney and Thom Hartle"",""caption-linebreaks"":""CompuTrac 3.21\nby John Sweeney and Thom Hartle
CompuTrac Software, Inc.
1017 Pleasant Street
New Orleans, LA 70115-5951
(800) 535-7990
Product: Advanced technical analysis and trading support package.
Equipment: IBM PC or 100% compatible with 640K RAM, CGA/EGA/ VGA, hard disk and floppy,\nDOS 3.0, IBM graphics printer or compatible (or HP 7470A or 7475A plotter). CompuTrac supports\nmore than 140 different types of printers.
Prices:
Analysis Module and SNAP $695
Advanced Profit Test Module $500
Advanced Automation Module $200
Advanced User Study Module $500
Maintenance for phone support, two\nreleases per year, newsletter, etc./year $300
CompuTrac, you might say, helped create the magazine you're reading. Back in the late 1970s when\nSTOCKS & COMMODITIES publisher Jack Hutson looked for a reasonably priced package to do his\nanalytical work, the best alternative was CompuTrac on an Apple II, which he found through the offices\nof a Burien, WA, Apple Computer dealer.
Back then, if you bought CompuTrack, you got to know Tim Slater, CompuTrac's president, technical\nevangelist and supersalesman who was just starting the famous Technical Analysis Group (TAG)\nconferences that now attract hundreds annually.
Over the years, no one has done more to promote technical analysis on computers than Tim. He invited\nJack to present his Fast Fourier Transform at the October 1982 Toronto conference, and the process of\npreparation convinced Jack a vehicle was needed for technical traders to exchange information. He\ncranked out a sample issue of Technical Analysis of STOCKS & COMMODITIES for the Toronto conference,\nand the results now arrive monthly in your of office. Keep all this in mind during this review!"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-14-559-565-computrac-3-21-by-john-sweeney-and-thom-hartle-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-14-559-565-computrac-3-21-by-john-sweeney-and-thom-hartle-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-14-559-565-computrac-3-21-by-john-sweeney-and-thom-hartle-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v91455sidmod,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre3"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 9:14 (559-565): SIDEBAR: MODULE CITY"",""caption-linebreaks"":""MODULE CITY
What are all these modules, anyway?
Well, the first is the simplest: for $695, you get a package of CompuTrac and SNAP that does more\nthan most intermediate-level packages do, but with far more indicators at a comparatively stiff price (see\nSTOCKS & COMMODITIES, October 1990).
Step 2 should probably be to purchase the Automation Module for $200 because you will get tired of\nall the key- stroking involved in CompuTrac. This module gets the computer to do all that. SNAP does\nhave its own built-in automation feature.
Step 3 is to take the maintenance and phone support, $300 a year, for twice-yearly software updates\nplus phone support and newsletters. After that, it shouldn't be necessary unless you want the twice-yearly\nsoftware updates."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-14-559-565-sidebar-module-city-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-14-559-565-sidebar-module-city-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-14-559-565-sidebar-module-city-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v91456snapre,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre3"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 9:14 (566-568): SNAP Revisited by John Sweeney and Thom Hartle"",""caption-linebreaks"":""SNAP Revisited\nby John Sweeney and Thom Hartle
Product: Subsystem of CompuTrac 3.21. Graphic analysis and trading system evaluation
Price: Bundled with basic CompuTrac module: $695 for both
Last month, while reviewing CompuTrac 3.21, we dinged the industry doyen for its (eight-year-old)\ninterface while commending its comprehensive, well-reviewed list of indicators and vast testing\ncapabilities. I'll be very surprised if this issue doesn't have an outraged Letter to the Editor from the\ngentlemen in New Orleans on the subject.
Actually, Tim Slater and the rest of the CompuTrac crew long ago recognized these weaknesses and\nprevailed on new CompuTrac owner Telerate to give them the package and the programmers to address\nit. The package, an on-line analysis system that originated as TradePlan, was transmuted into an interday\nanalytical complement to CompuTrac that came to be known as SNAP.
SNAP is a completely different package from CompuTrac, and its only connection to CompuTrac is that it\ncan be run from the CompuTrac master menu and it also uses the same CompuTrac files that CompuTrac\nuses. For this reason, we chose to review it separately from \""classic\"" CompuTrac, but since they come\nfrom the same vendor and are bundled in one price, some might feel they should be regarded as one\nintegrated program."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-14-566-568-snap-revisited-by-john-sweeney-and-thom-hartle-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-14-566-568-snap-revisited-by-john-sweeney-and-thom-hartle-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-14-566-568-snap-revisited-by-john-sweeney-and-thom-hartle-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v91456sigbyt,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre3"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 9:14 (569-570): Signal by Thom Hartle"",""caption-linebreaks"":""Signal\nby Thom Hartle
Data Broadcasting Corporation
1900 S. Norfolk St., Suite 150
San Mateo, CA 94403
(800) 367-4670
(415) 571-1800
Real-time data vendor
Signal is a real-time quote I service that provides data on more than 50,000 securities from exchanges\nand services including the major stock and commodity exchanges, Market Profile service and the Options\nPrice Reporting Authority. Information is gathered and delivered via a local FM radio station or, if you\nreside in a location that doesn't have the FM delivery available, you may use a satellite receiver. The\ninformation may be displayed in various quote displays on your computer, transferred to Lotus 1-2-3 or\nSymphony for manipulation and storage or utilized by more than 90 third-party software programs. To do\nthis, you will receive software (two disks), a Signal receiver, a 300-ohm dipole antenna with 75-ohm\ntransformer and a RS232C cable. And a manual, of course."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-14-569-570-signal-by-thom-hartle-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-14-569-570-signal-by-thom-hartle-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-14-569-570-signal-by-thom-hartle-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v91457comecf,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre3"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 9:14 (571-575): Compass, An Econometric Forecasting Program for the IBM PC by Mark Hallinan"",""caption-linebreaks"":""Compass\nAn Econometric Forecasting Program for the\nIBM PC\nby Mark Hallinan
Compass undertakes the task of forecasting four major time series of interest to investors, namely, the\nStandard & Poor's 500, the U.S. Treasury bond yield, the U.S. Treasury bill rate and the rate of increase\nof the Consumer Price Index (CPI, frequently referred to as the \""inflation rate\""). Forecasts are made for\nperiods of three months, six months, and one year ahead by means of 12 distinct econometric models, one per time series for each forecast period. The menu-driven program consists of a single disk and an\n11-page manual. The manual is succinctly but clearly written. You should have no problems either\nunderstanding the manual or running the program. The program is both easy to learn and easy to use.\n(Learning to use the results is something else again.)"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-14-571-575-compass-an-econometric-forecasting-program-for-the-ibm-pc-by-mark-hallinan-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-14-571-575-compass-an-econometric-forecasting-program-for-the-ibm-pc-by-mark-hallinan-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-14-571-575-compass-an-econometric-forecasting-program-for-the-ibm-pc-by-mark-hallinan-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v91457sidstr,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre3"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 9:14 (571-575): SIDEBAR: STRICTLY FOR STATISTICIANS"",""caption-linebreaks"":""STRICTLY FOR STATISTICIANS
Dave Chamness wrote his own stepwise multiple regression program for Compass. To produce the S&P\n500 forecast, he uses all eight inputs. The most highly correlated individual parameters for stocks are\ndividend yield and the rate of change of interest rates. Interestingly, Chamness was not able to establish\nany positive correlations for any trend-following parameters on a monthly basis. Not that there weren't\nany significant technical parameters; there were. However, they were more in the nature of an\noverbought/oversold type of parameter. Specifically, the difference between the S&P 500 and a moving\naverage was found to be significant—that is, the correlation coefficient for that predictor was positive.\nWhen the market is below its average, the program becomes more bullish. When the market is above its\naverage, the program becomes more bearish.
The actual correlation coefficients for the within-sample forecasts were as follows:"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-14-571-575-sidebar-strictly-for-statisticians-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-14-571-575-sidebar-strictly-for-statisticians-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-14-571-575-sidebar-strictly-for-statisticians-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v91457rancha,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre3"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 9:14 (575-576): THE RANDOM CHARACTER OF INTEREST RATES"",""caption-linebreaks"":""THE RANDOM CHARACTER OF INTEREST\nRATES
Probus Publishing Co.
118 N. Clinton St., Suite 305
Chicago, IL 60606
(800) 426-1520,
(312) 346-7985
Author: Joseph E. Murphy Jr.
Price: $37.50
323 pages, 1990
by Mark Harris
Interest rates are at the heart of many of our theories about how tradeables should be priced. This is\nobvious in the case of bonds, but they also enter into the carry charges on futures, are an element in the\nBlack-Scholes formulation of options pricing and, presumably, tell us something about inflation and\ndeflation expectations.
At the beginning of this fascinating book, author Joseph Murphy presents the common wisdom regarding\ninterest rates:
· Interest rates are predictable
· Rates are periodic"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-14-575-576-the-random-character-of-interest-rates-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-14-575-576-the-random-character-of-interest-rates-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-14-575-576-the-random-character-of-interest-rates-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v91457perhot,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre3"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 9:14 (577-579): Personal Hotline 5.0 Importer 1.6 by John Sweeney"",""caption-linebreaks"":""Personal Hotline 5.0 Importer 1.6\nby John Sweeney
Trendsetter Software
P.O . Box 6481
Santa Ana, CA 92706
(714) 547-5005 or (800) 825-1852
Product: Technical analysis package with embedded, proprietary chart trading system for Apple\nMacintosh system
Price: $495, shipping $10
Requires: Mac Plus or better with 1 MB and a hard disk
Why do I like this little black box? It's got nifty Mac graphics, a small stable of handy indicators, a\nneat \""quick review of the action\"" feature and a trading system that appears to rely on old-fashioned\nsupport and resistance levels—that is, charting!
Of course, it's not all peas and porridge. Personal Hotline, even in its fifth year, still gets tangled up with\nthe Mac's increasingly sophisticated operating systems and occasionally must be rebooted, but at least it\nnow runs smoothly over an AppleTalk network. Garbage from the data sources or network can befoul the\ndata importer, but the truly onerous bugs have been exterminated and things whip along at good speed,\neven on slow, old Pluses.
What's really neat about PH is the same quick graphic interface that's attractive about CompuTrac/M.\nThat's true, even though the first thing you see isn't a picture: it's the trading recommendations for the day\n(Figure 1)."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-14-577-579-personal-hotline-5-0-importer-1-6-by-john-sweeney-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-14-577-579-personal-hotline-5-0-importer-1-6-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-14-577-579-personal-hotline-5-0-importer-1-6-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v91458gan2by,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre3"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 9:14 (580-582): Ganntrader 2 by Hans Hannula, Ph.D."",""caption-linebreaks"":""Ganntrader 2\nby Hans Hannula, Ph.D.
Gannsoft Publishing Company
11670 Riverbend Drive
Leavenworth, WA 98826
(509) 548-5990; fax: (509) 548-4679
Price: $1,295
Hardware Requirements: IBM PC, XT, AT, PS/2 or compatible, 640K memory, two drives, one\nhard drive recommended; VGA, EGA or Hercules graphics card; Epson or IBM dot matrix printer for\nquality hard copy,136 column recommended; other printers, including color, supported only via screen\ndump; large color monitor recommended. Mouse not required but recommended.
I reviewed Ganntrader in STOCKS & COMMODITIES in February 1987. For the review I interviewed users\nof the program, and I found they had high praise for it. They also wore out many of the normally rugged\nEpson printers doing their Gann studies.
Ganntrader 2 changes that. Besides plotting long and large charts on dot matrix printers, it also plots\nthem to the screen in crisp, dazzling colors, greatly increasing the efficiency of trying various scale\nfactors, Gann angles, Gann squares, and so forth. Where one chart previously took 20 minutes to print, it\nnow takes seconds to display on the screen.
Ganntrader 2 is an easy-to-use program with pop-down menus. Installation was trivial, and the\nGanntrader program itself worked flawlessly. I did have some initial problems with the GrafPlus screen\ndump program included, but after some trial and error got it to dump the screens to files the way I wanted\n(Figures 1 through 3)."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-14-580-582-ganntrader-2-by-hans-hannula-ph-d-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-14-580-582-ganntrader-2-by-hans-hannula-ph-d-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-14-580-582-ganntrader-2-by-hans-hannula-ph-d-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v91458siddet,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre3"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 9:14 (583-586): SIDEBAR: DETAILS"",""caption-linebreaks"":""DETAILS
SWP might overwhelm a novice with a surfeit of built-in functions. The manual gives a brief shot on\neach but is not comprehensive, referring you to source material. The experienced analyst will dive right\nin with no problems. There's even a maximum entropy function!"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-14-583-586-sidebar-details-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-14-583-586-sidebar-details-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-14-583-586-sidebar-details-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v91458syswri,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre3"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 9:14 (583-586): System Writer Plus Macintosh Version 1.0 by John Sweeney"",""caption-linebreaks"":""System Writer Plus\nMacintosh Version 1.0\nby John Sweeney
Omega Research, Inc.
3900 NW 79th Avenue
Miami, FL 33166
(305) 477-9040
Product: Data analysis and system creation software. Access key protected.
Requirements: Apple Macintosh Plus or more powerful with any Mac compatible printer.
Price: $1,975, payable in 10 monthly installments of $197.50
There's little limit to the crafty ingenuity of traders thinking up new trading rules. The\ncomplexity—filters, signals, reversals, money management—are notoriously unlimited. Also unlimited is\nthe desire to reduce all that to a machine's level of competence to cut down on workloads and increase\naccuracy. System Writer Plus (SWP) for the Macintosh strokes that desire and puts the whole thing into\nthe wonderful Mac environment.
Simply, the combination of an intuitive program and an intuitive machine is a fabulous success."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-14-583-586-system-writer-plus-macintosh-version-1-0-by-john-sweeney-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-14-583-586-system-writer-plus-macintosh-version-1-0-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-14-583-586-system-writer-plus-macintosh-version-1-0-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v91458maranp,d,"{""minimum-quantity"":""1"",""path"":""chap14prodre3"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 9:14 (587-592): Market Analyzer Plus 2.0 (Mac) by John Sweeney"",""caption-linebreaks"":""Market Analyzer PLUS 2.0 (Mac)\nby John Sweeney
DOW JONES SOFTWARE
P.O. Box 300
Princeton, NJ 08543-0300
(609) 520-4641
Product: Intermediate-level charting, analysis and system testing package with built-in data retrieval\nand access, via News/Retrieval to 60 databases.
Computer: Macintosh PLUS or better; System 6.02 and Finder 6.1 or later.
Suggested memory: 2 MB. Hayescompatible modem. Any Mac printer.
Contacts: Steve Wilson, (609) 452-1511
Clay Burch, (919) 829-0786
Price: $349
Continuing their assault on the Mac world, package programmers for all the major houses seem to be\ngenerating new versions that take advantage of the Mac's easy-living environment and super built-in (that\nis, you don't need to buy a new board) graphics. Dow Jones has a portfolio manager in Market Manager\nPLUS for the Mac and now it also has the analytical package in Market Analyzer PLUS (MA+) for the Mac.\nSTOCKS & COMMODITIES reviewed Market Manager PLUS Pro for the IBM-compatible (DOS) world, the\ncombination of the two, in an earlier issue (STOCKS & COMMODITIES, October 1990).
What we have in MA+ is an integrated package that can grab your data, graph it, apply indicators to it and\ndo some testing of simple trading ideas."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-14-587-592-market-analyzer-plus-2-0-mac-by-john-sweeney-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-14-587-592-market-analyzer-plus-2-0-mac-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-14-587-592-market-analyzer-plus-2-0-mac-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v9249sidoban,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-9-chapter-2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 9:2 (49-52): SIDEBAR: OBSERVATIONS AND FORMULAS"",""caption-linebreaks"":""OBSERVATIONS AND FORMULAS
To devise a technical indicator out of all this, consider first Article Figure 3. Today's low (Day 1 low) is\n250 points below the high of Day 4 and 300 points below the high of Day 9. To which high is today's low\nmost overextended, relatively speaking?"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-2-49-52-sidebar-observations-and-formulas-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-2-49-52-sidebar-observations-and-formulas-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-2-49-52-sidebar-observations-and-formulas-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v9276lettosc,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-9-chapter-2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 9:2 (76-76): LETTERS TO S&C"",""caption-linebreaks"":""LETTERS TO S&C
GETTING A FIX ON LOOKBACKS
Editor,
I would like to comment on the excellent article by E. Michael Poulos entitled \""Of trends and random\nwalks\"" (STOCKS & COMMODITIES, February 1991). Mr. Poulos presents an extremely useful alternative to\nindicators calculated over fixed periods of time. I found this alternative very helpful in analyzing market\nindicators that I have begun to study and was able to apply his variable-length lookback concept to these\nindicators. The variable lookback techniques by itself provides a new perspective on developing accurate\npredictive models.
However, there is a second very important perspective presented in this article that is not really discussed.\nMr. Poulos creates two indicators out of his data: a random walk indicator of highs and a random walk\nindicator of lows. This is the reverse of what is usually done; usually, two pieces of data (for example,\nadvances and declines) are merged into one indicator (for example, an advance/decline line).
Markets can be modeled (despite some simplification) as two-control systems, with the two controls\nrepresenting buyers and sellers. Many technical indicators lose this information as data are combined,\nresulting in one number. I would like to highlight the fact that Mr. Poulos has not done this in his model,\nand his indicators more accurately represent market movements as related to two control factors.
My appreciation for publishing this excellent article.
VICTOR KRYNICKI
Bahama, NC"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-2-76-76-letters-to-s-c-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-2-76-76-letters-to-s-c-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-2-76-76-letters-to-s-c-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v9276siddefm,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-9-chapter-2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 9:2 (76-76): SIDEBAR: Defensive Moneymaker"",""caption-linebreaks"":""DEFENSIVE MONEYMAKER
Quote from William J. O'Neil, author of How to Make\nMoney in Stocks"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-2-76-76-sidebar-defensive-moneymaker-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-2-76-76-sidebar-defensive-moneymaker-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-2-76-76-sidebar-defensive-moneymaker-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v9276sidpatp,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-9-chapter-2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 9:2 (76-76): SIDEBAR: Patters Perfection, part I"",""caption-linebreaks"":""PATTERS PERFECTION, part I
Quote by H.M.Gartley, author of Profits in the Stock\nMarket"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-2-76-76-sidebar-patters-perfection-part-i-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-2-76-76-sidebar-patters-perfection-part-i-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-2-76-76-sidebar-patters-perfection-part-i-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v9313lettosc,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-9-chapter-3"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 9:3 (133-133): Letters To S&C"",""caption-linebreaks"":""LETTERS TO S&C
LOOKBACK OR LENGTH?
Editor,
I have a question that deals with the formula listed on page 30 of the February 1991 issue. When\ncalculating the formula gives a lookback length of one through 20 days, is the average range based on the\ncurrent lookback length or is it the length of the total data series up to the day of the calculation? For\nexample:
data of 100 days, currently at 40
start with lookback of 2. avg.rng = 2,
avg (h- 1, past two days)
start with lookback of 3. avg.rng = 3,
avg (b - 1, past three days).
or
avg.rng = avg (h-1, day 1 to 40)?
ROBERT ZUPP
Hackensack, NJ
\nThe average range is based on the current lookback length.
- Editor"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-3-133-133-letters-to-s-c-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-3-133-133-letters-to-s-c-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-3-133-133-letters-to-s-c-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v9518lettosc,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-9-chapter-5"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 9:5 (188-189): Letters To S&C"",""caption-linebreaks"":""LETTERS TO S&C
GOING UP
Editor,
I have some doubts about the procedures explained in one of Arthur Merrill's recent columns, \""Testing\nIndicators\"" (STOCKS & COMMODITIES, May).
Mr. Merrill outlines a method of assessing the significance of an indicator by reviewing the performance\nof the DJIA in the weeks and months after the indicator turns positive. He prepares a \""batting average\"" of\nthe number of times the DJIA showed gains versus the number of times the DJIA showed losses, and he\nalso tests the significance of the indicator with a chi square formula.
I think the upward bias of the overall market distorts these tests. To illustrate: I've attached a similar score\nprepared by assessing all of the monthly S&P 500 closes from 1947 to mid-1991. No indicator was\ntestedÑ or you could think of these figures as testing an indicator that has always been positive since\nJanuary 1947. The batting average and chi square test showed that this non-indicator was followed by\ngains more often than chance would explain, with 0.999 confidence would explain, with 0.999\nconfidence throughout. My data is in Figure 1.
You would expect a batting average around 0.5 and a confidence below 0.9 for a truly random\ndistribution. A correction for bias needs to be incorporated. Would simply taking the natural logarithm of\neach period's close be effective?
JOSHUA NEWMAN
Lafayette, CA"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-5-188-189-letters-to-s-c-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-5-188-189-letters-to-s-c-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-5-188-189-letters-to-s-c-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v9622sidopin,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-9-chapter-6"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 9:6 (224-227): SIDEBAR: THE OPTIMISM/PESSIMISM INDEX"",""caption-linebreaks"":""THE OPTIMISM/PESSIMISM INDEX
The Wyckoff method divides each trading session into intraday buying and selling waves."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-6-224-227-sidebar-the-optimism-pessimism-index-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-6-224-227-sidebar-the-optimism-pessimism-index-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-6-224-227-sidebar-the-optimism-pessimism-index-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v9625lettosc,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-9-chapter-6"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 9:6 (257-257): Letters to S&C"",""caption-linebreaks"":""LETTERS TO S&C
FILLING THE GAPS
Editor,
In \""Trading the Deutschemark's gaps\"" (STOCKS & COMMODITIES, June 1991), John Sweeney presented an\nexcellent model of explanatory research, going from \""what-if?\"" to price-change and timing guidelines.\nThe reader learned a way to trade gaps and also a way to analyze market action.
After watching many real-time screens, I formed the opinion that markets always try to fill gaps if they\ncan and failure to fill is a very strong signal. If you recall, I used that same principle in projecting prices\nfor your September Mystery Chart contest.
In the currencies, I assume an opening gap will be filled right away unless there is a prior gap. If I'm\nquick enough to play it, I take the profit near the fill point. On any sign of failure to fill, I have to reverse.
I can hold a winner if the gain is bigger than my stop. It happened this morning, it fact, when the D-mark\nopened more than 50 points down (to fit the last cash quote in Europe) and then climbed to within 8\npoints of the previous low.
Entering at the gap-open is tricky. What about breakaways and island reversals? Not quite average gaps\nto fill. And time left in the contract? The second and third delivery months have many more gaps of all\nsizes, if one is looking for them. On the day John Sweeney entered (12/20/90), three days into the March\nspot, several smaller gap days were in place on the June chart: someone going short on the gap-up a day\nearlier would have enjoyed the three-day drop of 300 points.
In using the trade-against-the-gap tactic, it may be that picking a fresh new gap (including the\nback-months) and being in a sideways trading range is important. As for risk versus reward, each trader\nhas his own money management constraints; in my case, I can't afford to take 50-point debits while\ntargeting 20-point credits. But for a 50-point potential I would risk 20.
I look forward to more of the ingenious work in the Settlement feature.
WILLIAM J. McBURNEY, JR.
New York, NY"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-6-257-257-letters-to-s-c-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-6-257-257-letters-to-s-c-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-6-257-257-letters-to-s-c-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v9730lettosc,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-9-chapter-7"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 9:7 (301-301): Letters To S&C"",""caption-linebreaks"":""LETTERS TO S&C
REAL-TIME FAIR VALUE?
Editor,
In the July 1991 issue of STOCKS & COMMODITIES you published two letters concerning Jean-Olivier\nFraisse's December 1990 article, \""Clues to market direction with the S&P 500 premium.\"" Mr. Fraisse\nnoted in the July issue that the easiest way to get the fair value and program levels was through Financial\nNews Network.
There are two potential problems with Mr. Fraisse's comment: 1) What if the reader does not have access\nto FNN? and 2) The fair value is not constant during the day; it varies in relation to the price of the cash\nS&P 500 index. How then can the investor get a \""real-time\"" fair value?
If the investor is using real-time tracking software that allows for writing customized indices (such as\nDollarLink), the answer is simple: Write a custom index that calculates the fair value every time the cash\nprice changes. The formula is straightforward:"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-7-301-301-letters-to-s-c-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-7-301-301-letters-to-s-c-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-7-301-301-letters-to-s-c-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v9834lettosc,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-9-chapter-8"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 9:8 (345-345): Letters To S&C by Technical Analysis, Inc."",""caption-linebreaks"":""Letters To S&C by Technical Analysis, Inc.
NETTING AN EXPERT SYSTEM
Editor,
Congratulations to Mark Fishman and Dean S. Barr for their description of a hybrid system for market\ntiming (STOCKS & COMMODITIES, August 1991). Their use of neural networks to generate \""IF-THEN\""\nrules to feed an expert system truly combines the best properties of both technologies.
One shortfall of the article, however, was the lack of information provided by the authors with respect to\nthe predictive power of the hybrid system. It's easy to create a system that generates profitable buy/sell\nsignals with the benefit of hindsight. And training a neural network (or expert system) on a series of data\nand then evaluating the system's trading performance on the same data is a textbook case of 20/20\nhindsight.
One way to test the predictive power of a system is by using out-of-sample testing as described by\nThomas P. Drinka in his article \""Finding reliable trading strategies (S TOCKS & COMMODITIES, May 1990).\nUsing this technique, the authors would begin by training the network on half of the data, say through the\nsecond quarter of 1989. Next, trade the resulting system through the following quarter. Then retrain the\nsystem on the new data and continue \""walking forward\"" through to the present. This technique would\nprovide some meaningful data as to the system's ability to predict market behavior in the following time\nsegment.
Authors Fishman and Barr did mention that they trained their system on five years of data and it\naccurately predicted the succeeding quarter. This is impressive in itself. But additional out-of-sample\ntesting is clearly in order.
CHRISTOPHER K. SMITH - Scarborough, NY"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-8-345-345-letters-to-s-c-by-technical-analysis-inc-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-8-345-345-letters-to-s-c-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-8-345-345-letters-to-s-c-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
v9935lettosc,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-9-chapter-9"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V. 9:9 (353-353): Letters To S&C by Technical Analysis, Inc."",""caption-linebreaks"":""Letters To S&C by Technical Analysis, Inc.
LEAST SQUARE, MOST COOL
Editor,
\""A regression-based oscillator\"" by Patrick E. Lafferty (STOCKS & COMMODITIES, September) was very\ngood, and I would like to see many more articles by him. His trading method was logically developed and\nappears to be very promising.
As the basis of his approach depends upon a least-square trend, I was dumbfounded in applying this\nmethod because I did not understand the least-square equation:
P = 390.52 - t(0.77202) + t2 (0.0055339)
where P is the price of June gold in dollars per ounce and t is the time in days. I do not understand where\nthese values in the equation come from, let alone what t (time from where?) exactly means.
I would appreciate it if you would explain this least-square equation in a little more detail. And please\nunderstand that I am not a mathematician.\nM.R. SOUSANIS"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-9-353-353-letters-to-s-c-by-technical-analysis-inc-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-9-353-353-letters-to-s-c-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-9-9-353-353-letters-to-s-c-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c02-sidecci-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10 (74): SIDEBAR: Calculating an 11-period CCI"",""caption-linebreaks"":""CALCULATING AN 11-PERIOD CCI
The commodity channel index (CCI) can be calculated using any lookback period chosen by the trader. The Excel\nspreadsheet shown in sidebar Figure 1 is an 11-period CCI for the Dow Jones Industrial Average. The first step is to\ncalculate the daily typical price. This is the high, low and close added together and divided by three. This step is\nperformed in column E. The formula for cell E2 is: ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-74-sidebar-calculating-an-11-period-cci-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-74-sidebar-calculating-an-11-period-cci-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-74-sidebar-calculating-an-11-period-cci-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c11-sidekst-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-11"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10.11 (479): SIDEBAR: Calculating the KST by Techncial Analysis, Inc."",""caption-linebreaks"":""Calculating the KST by Techncial Analysis, Inc.
KST formulas for short, intermediate, and long term daily or weekly data."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-11-479-sidebar-calculating-the-kst-by-techncial-analysis-inc-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-11-479-sidebar-calculating-the-kst-by-techncial-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-11-479-sidebar-calculating-the-kst-by-techncial-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c09-sideran-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-9"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10.9 (389): SIDEBAR: Random Walk Index Spreadsheet by Technical Analysis, Inc."",""caption-linebreaks"":""Random Walk Index Spreadsheet by Technical Analysis, Inc.
Random Walk index spreadsheet."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-9-389-sidebar-random-walk-index-spreadsheet-by-technical-analysis-inc-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-9-389-sidebar-random-walk-index-spreadsheet-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-9-389-sidebar-random-walk-index-spreadsheet-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c01-chisqrd-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:1 (13-14): Chi Squared by Arthur A. Merrill, C.M.T"",""caption-linebreaks"":""Chi Squared\nby Arthur A. Merrill, C.M.T.
Just how meaningful are statistics? Arthur Merrill explains how to find out.
If records show that market behavior exhibited more rises than declines at a certain time in the past,\ncould it have been by chance? Yes. If a medicine produced cures more often than average, could it have\nbeen luck? If so, how meaningful is the record?
To determine how meaningful a particular statistic is, statisticians set up \""confidence levels.\"" If the result\nin question could have occurred by chance once in 20 repetitions, you can have 95% confidence that the\nresult isn't just luck. This level is called \""probably significant.\""
If the result in question could be expected by chance once in a hundred repetitions, you can have 99%\nconfidence. This level is called \""significant.\""
If the result in question could be expected by chance once in a thousand repetitions, you can have 99.9%\nconfidence that the result wasn't a lucky record. This level is called \""highly significant.\""
If your statistics are a simple two-way (yes/no, rises/declines, heads/tails, right/wrong), you can easily\ndetermine the confidence level with a simple statistical test — chi squared with Yates' correction, one\ndegree of freedom.
The chi-squared formula can be seen in Figure 1. If the resulting chi squared is above 10.83, the\nconfidence level is 99.9%. If the chi-squared result is above 6.64, the confidence level is 99%. If it is\nabove 3.84, the level is 95%.
A sample calculation can be seen in Figure 2. If the expectation of the result seems to be about even, then\nthe formula is simplified. The simplified formula is in Figure 3."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-1-13-14-chi-squared-by-arthur-a-merrill-c-m-t-20.gif"",""height"":""272"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-1-13-14-chi-squared-by-arthur-a-merrill-c-m-t-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-1-13-14-chi-squared-by-arthur-a-merrill-c-m-t-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c01-exponen-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:1 (15-18): Exponentially Smoothing The Daily Number of Declines"",""caption-linebreaks"":""Exponentially Smoothing The Daily Number of\nDeclines
This article presents an indicator that is the one-day rate of change of a triple exponential smoothing of\nthe daily number of declines, an oscillator similar to TRIX (covered by Jack Hutson in the early years of\nSTOCKS & COMMODITIES). Raff explains how the decline line, the number of stocks that have dropped in a\ngiven period (most often seen as a day), as the basis of this oscillator, could have warned of the\nimpending stock market tumble in 1987.\nThe method looks good — but not good enough. It's deceptive: it works well enough, but in the period\nthat Raff tried the method out on, it would have made only about 50% of a buy-and-hold strategy\n(although it would have shielded the user from violent declines in the period). He concludes that the\nmethod can be improved.
by Gilbert Raff
I found myself reading with piqued curiosity when in the May 1991 STOCKS & COMMODITIES John\nMcGinley, the editor of the \""TechnicalTrends\"" newsletter, was quoted as saying, \"". . . the last 500 points\nof the crash of 1987 were, I think, uncallable. I held a contest in 1988 in which anyone who could\nproduce an indicator that called the crash would get a free year's subscription to 'Technical Trends.'.\""
Always one to rise to a challenge, I found such an indicator and am happy to report it here for traders.\n(Please also see my article in the October STOCKS & COMMODITIES for a more long-term tool that\npredicted the 1987 stock market tumble.) Daily advances and declines on the New York Stock Exchange\n(NYSE) clearly provide much data about market internals and have been analyzed in many ways over the\nyears. One particular example is in the form of the advance-decline line (Figure 1). Some analysts use\ntrendline breaks in this line as an indication of changing direction, but in my experience, this is neither objective enough nor consistent enough to help the trader very much.
Further, daily advance and decline data tend to be very noisy — that is, the data have a great deal of\nrandom fluctuations (Figure 2). How, then, to use the data effectively?"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-1-15-18-exponentially-smoothing-the-daily-number-of-declines-20.gif"",""height"":""272"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-1-15-18-exponentially-smoothing-the-daily-number-of-declines-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-1-15-18-exponentially-smoothing-the-daily-number-of-declines-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c01-sidetri-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:1 (15-18): SIDEBAR: TRIPLE EXPONENTIALLY SMOOTHING A DATA SERIES"",""caption-linebreaks"":""TRIPLE EXPONENTIALLY SMOOTHING A\nDATA SERIES
One purpose of triple exponentially smoothing a data series is to remove meaningless fluctuations from\nthe data while maintaining the correct appraisal of the direction of the trend. This is accomplished by\nsmoothing the data three times with an exponentially smoothed moving average (EMA) using the same\nconstant for the smoothing factor each time. The definition of an EMA is: ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-1-15-18-sidebar-triple-exponentially-smoothing-a-data-series-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-1-15-18-sidebar-triple-exponentially-smoothing-a-data-series-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-1-15-18-sidebar-triple-exponentially-smoothing-a-data-series-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c01-thegann-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:1 (19-21): The Gann Quarterly Chart by Jerry Favors"",""caption-linebreaks"":""The Gann Quarterly Chart\nby Jerry Favors
Longtime newsletter publisher Jerry Favors introduces a long-term indicator called the Gann quarterly\nchart, which will signal a turn up from bear market lows when the Dow Jones Industrial Average (DJIA)\nrallies above the high reached in the previous quarter during the trading day and not the high reached at\nthe close of the trading day, which is more customary. Bear markets occur when the previous quarter's\nintraday low is breached. This technique requires careful monitoring of the intraday highs and lows of\nthe previous quarter. Favors points out that W.D. Gann, who invented this particular technique, said that\nthe upturns or downturns in this chart often signaled the onset of new bull or bear markets.
The Gann quarterly chart, a long-term indicator, will signal a turn up from any bear market low when\nthe Dow Jones Industrial Average (DJIA) rallies above the intraday high of the prior quarter. Until the\nDJIA falls below the intraday low of the previous quarter, the trend remains up. However, the trend turns\ndown when the DJIA falls below the low of the previous quarter. Those quarters run the traditional\nschedule: January to March, April to June, July to September and October to December.
As each new quarter begins, for the Gann quarterly chart to be most effective it is necessary to keep track\nof the intraday high and low of the previous quarter. When prices rally above the prior quarter's high, they\nnormally go significantly higher before a major top is reached. The converse is also true in that when\nprices fall below the intraday low of a previous quarter, they normally go significantly lower before a\nmajor bottom is reached. This technique is very effective. W.D. Gann stated that upturns or downturns in\nthis chart often signaled the onset of new bull or bear markets.
Figure 1 shows every quarterly chart upturn or downturn since 1980. Notice that each upturn or downturn\nin the last 10 years led to what would be labeled a new bull or bear market. For instance, the DJIA\nexperienced a major low on March 27, 1980."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-1-19-21-the-gann-quarterly-chart-by-jerry-favors-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-1-19-21-the-gann-quarterly-chart-by-jerry-favors-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-1-19-21-the-gann-quarterly-chart-by-jerry-favors-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c01-internl-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:1 (22-25): The Internal Dynamics of TRIN by Jack Rusin"",""caption-linebreaks"":""The Internal Dynamics of TRIN\nby Jack Rusin
Consider four simplified trading days on the New York Stock Exchange:
Day 1: 1000 issues advance, 100 decline, with 1,000,000 shares up volume and 100,000 shares down\nvolume. TRIN = (1000/100)/(1,000,000 /100,000) = 10/10 =1.00.
Day 2: 100 issues advance, 1000 issues decline, with 100,000 shares up volume and 1,000,000 shares\ndown volume. TRIN = (100/1000)/(100,000/1,000,000) = 0.1/0.1 = 1.00.
Day 3: 1000 issues advance, 100 decline, with 1,000,000 shares up volume and 200,000 shares down\nvolume. TRIN = (1000/100)/(1,000,000/200,000) = 10/5 = 2.00.
Day 4: 100 issues advance, 1000 decline, with 200,000 shares up volume and 1,000,000 shares down\nvolume. TRIN = (100/1000)/(200,000/1,000,000) = 0.1 /0.2 = 0.50. A TRIN below 1 is considered bullish.
The Trin (Figure 1) is a sophisticated yet simply calculated method of assessing relative volume flows.\nConceptually, it is based on three ratios: the average declining volume, the average advancing volume,\nand a comparison between these two average volumes . It is an excellent way of measuring relative\nvolume flows, but because of the mathematics of the index, it can yield counterintuitive results.
Most traders use a simpler method for assessing bullishness or bearishness, which may or may not be\nconsistent with the TRIN figures. Rather than looking at daily and long-term moving averages of TRINs,\nthose investors look at the daily and long-term net advances versus declines and whether the net volume\nis increasing. In fact, net advance-decline (Figure 2) considerations are central to technical analysis' conceptualizations of bullish and bearish."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-1-22-25-the-internal-dynamics-of-trin-by-jack-rusin-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-1-22-25-the-internal-dynamics-of-trin-by-jack-rusin-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-1-22-25-the-internal-dynamics-of-trin-by-jack-rusin-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c01-combini-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:1 (26-29): Combining Sentiment Indicators For Timing Mutual Funds by Joe Duarte"",""caption-linebreaks"":""Combining Sentiment Indicators For Timing\nMutual Funds\nby Joe Duarte
Market sentiment can be useful in market timing, and mutual funds in particular. Here's a method in\nwhich a careful perusal of Investor's Intelligence, Market Vane and Barron's can help you predict the\nbest times to buy.
Market timing mutual fund purchases can be simplified by close observation of market sentiment. In\nhis book Winning on Wall Street , technician Martin Zweig describes his use of sentiment indicators as\npredictors of future stock market direction. He describes two in detail: the 13-week moving average of\nthe ratio of bulls/bulls + bears as provided by Investor's Intelligence (Figure 2), and the four-week\nmoving average of bullish ads in Barron's (Figure 3).
Although the bullish ads indicator may be initially thought of as subjective, what's important is consistent\ninterpretation on the part of the investor. I rate the ads as bullish or bearish, depending on how I feel after\nI read them, and I rate them the same way as they repeat in each issue. Any newsletter, company or\nmutual fund ad that touts its return I rate as bullish. If the word \""short\"" or \""put\"" is contained in the ad, I\nignore the ad for the purpose of this oscillator, as I ignore neutral and negative ads.
I have added the Friday put/call ratio obtained in the Monday edition of The Wall Street Journal or\nInvestor's Business Daily, the weekly Bullish Consensus numbers for Eurodollars, Treasury bonds and\nstock index futures, all found in Barron's, and whether the Standard & Poor's 500 is trading above its\n20-day moving average to create a seven-indicator sentiment oscillator (Figures 3, 4, 5 and 6). A buy\nsignal gives each indicator a value of 2 points. A sell signal is worth zero points."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-1-26-29-combining-sentiment-indicators-for-timing-mutual-funds-by-joe-duarte-20.gif"",""height"":""272"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-1-26-29-combining-sentiment-indicators-for-timing-mutual-funds-by-joe-duarte-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-1-26-29-combining-sentiment-indicators-for-timing-mutual-funds-by-joe-duarte-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c01-equivol-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:1 (30-34): Equivolume Using A Spreadsheet Program by James Leahy"",""caption-linebreaks"":""Equivolume Using A Spreadsheet Program\nby James Leahy
Equivolume charting, which permits plotting price movements vs. volume instead of time, can be plotted\nby hand or with one of several charting programs, but a plain spreadsheet program on your personal\ncomputer can do the job and lets you add your own indicators. This author shows you how.
Equivolume charts, which were pioneered by Richard Arms, allow plotting price movements vs.\nvolume instead of time as is usually done. The result of this graph is a rectangular box for each \""point\""\nplotted. The width of the box is represented relative to volume traded and the height of the box represents\nthe high and low price range traded that period (Figure 1). Thus, when a stock price moves on high\nvolume, the resulting box is wide. When the price moves on low volume, the box is narrow. This gives\nan indication of the ease of movement of the stock. A big price range on little volume means there is little\nresistance to price movements. Conversely, when the price moves little on heavy volume, there is a lot of\nresistance to price changes and could signal a turning point.
Several charting programs will plot Equivolume charts, but an ordinary spreadsheet and a personal\ncomputer can do the same for no additional cost. Using your own spreadsheet also allows you the\nflexibility of adding your own favorite oscillator to the Equivolume chart.
USING HIGH-LOW-CLOSE
Normally, stock prices are plotted on a spreadsheet using a high-low-close graph. This graph uses a\nvertical line to represent the high and low price range with a horizontal tick mark to represent the close.\nBy using multiple entries per \""point,\"" the spreadsheet can create a box by using two vertical lines\nrepresenting the sides and the close tick marks representing the top or bottom of the box . Some\nspreadsheets allow two tick marks per point, which normally represent opening and closing prices,\nallowing the box to be closed on top and bottom."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-1-30-34-equivolume-using-a-spreadsheet-program-by-james-leahy-20.gif"",""height"":""272"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-1-30-34-equivolume-using-a-spreadsheet-program-by-james-leahy-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-1-30-34-equivolume-using-a-spreadsheet-program-by-james-leahy-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c01-sidewri-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:1 (30-34): SIDEBAR: WRITING AND EXECUTING A SPREADSHEET MACRO"",""caption-linebreaks"":""WRITING AND EXECUTING A\nSPREADSHEET MACRO
A macro is a series of commands or keystrokes that can be stored for use for repeated operations. For all\npopular spreadsheets, macros can take on two different forms. One is a series of keystrokes that can be\nrecorded as you enter them. This set of keystrokes can be saved in the spreadsheet and assigned a name\nfor later reference. This kind of macro is useful for keystroke actions that are frequently performed, such\nas setting up a page layout for printing or entering repeated formulas or data. The second kind of macro is\na series of commands that allow the user to perform calculations and make decisions as the macro\nexecutes. This kind of macro is similar to writing a program in a computer language, only in this case the\nlanguage is the command set of the spreadsheet. The macro used in creating the Equivolume chart is a\ncommand macro."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-1-30-34-sidebar-writing-and-executing-a-spreadsheet-macro-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-1-30-34-sidebar-writing-and-executing-a-spreadsheet-macro-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-1-30-34-sidebar-writing-and-executing-a-spreadsheet-macro-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c01-sidemod-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:1 (35-37): SIDEBAR: MODIFYING RISK AND RETURN WITH S&P 500 FUTURES"",""caption-linebreaks"":""MODIFYING RISK AND RETURN WITH S&P\n500 FUTURES
Stock index futures modify risk by altering the portfolio beta and portfolio return by affecting cash\nbalances. Take an example. A $10 million portfolio currently has a beta of 1.2. The manager wants to\nincrease the beta to 1.4. How many S&P 500 contracts should he buy?"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-1-35-37-sidebar-modifying-risk-and-return-with-s-p-500-futures-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-1-35-37-sidebar-modifying-risk-and-return-with-s-p-500-futures-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-1-35-37-sidebar-modifying-risk-and-return-with-s-p-500-futures-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c01-usingfu-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:1 (35-37): Using Futures And Options to Reshape Portfolio Risk by Jean-Olivier Fraisse, C.F.A."",""caption-linebreaks"":""Using Futures And Options to Reshape Portfolio\nRisk\nby Jean-Olivier Fraisse, C.F.A.
Portfolio management at its simplest is finding the highest possible return while limiting the risk\ninvolved. Because economic conditions constantly change, keeping to this goal requires moving assets in\nand out of the portfolio — a time consuming and (worse) costly procedure. The goal can be reached\nwithout the tedious reshuffling, this writer says, if stock index futures and options are used.\nFraisse uses Standard & Poor's 500 index futures contracts as a tool with which to quickly increase a\nportfolio's exposure to market fluctuations if a money manager is bullish or decrease a portfolio's risk if\na money manager is bearish.
Simply, portfolio management consists of seeking out the highest possible return while simultaneously\nlimiting investment risk. Changing economic conditions require periodic asset reshuffling, which is\ncostly and time consuming. Futures and options offer a faster, cheaper and more effective way to\nredeploy assets or modify a portfolio risk profile. Since a portfolio beta measures its systematic or market\nrisk, to adjust portfolio risk, the portfolio's beta must be modified by introducing new assets or altering\nthe weights of existing assets. If a portfolio manager is bullish on stocks, he or she can quickly increase\nthe portfolio's stock exposure by purchasing stock index futures contracts such as the Standard & Poor's\n500. If a portfolio manager is bearish, he or she can reduce the stock exposure by selling short stock\nindex futures.
USING STOCK INDEX FUTURES
An S&P 500 futures contract is an agreement between seller and buyer to deliver and take delivery of,\nrespectively, a portfolio of stocks represented by the S&P 500 stock price index at a specified future date.\nThe delivery is a cash settlement of the difference between the original transaction price and the final price of the index when the contract is terminated. In practice, however, cash settlements occur in daily\nincrements because futures positions are \""marked to market\"" until the contract is terminated as the\ncontract trading price changes."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-1-35-37-using-futures-and-options-to-reshape-portfolio-risk-by-jean-olivier-fraisse-c-f-a-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-1-35-37-using-futures-and-options-to-reshape-portfolio-risk-by-jean-olivier-fraisse-c-f-a-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-1-35-37-using-futures-and-options-to-reshape-portfolio-risk-by-jean-olivier-fraisse-c-f-a-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c01-futures-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:1 (38-42): Futures According To Trend Tendency by E. Michael Poulos"",""caption-linebreaks"":""Futures According To Trend Tendency\nby E. Michael Poulos
Not all markets have the same tendency to trend. E. Michael Poulos uses his February 1991 STOCK &\nCOMMODITIES article, \""Of trends and random walks,\"" on the random walk index, which separates trends\nfrom random drifts by allowing for trend, as the basis of this article. He explains that the commodity\nfutures you may for one reason or another assume trend strongly may not in fact. By using similar\nmethods as previously, he produces a table of 28 commodities futures and debunks some futures\nassumptions — for instance, there is a school of thought that assumes that crude oil, gasoline and\nheating oil all show similar trending tendencies, whereas in truth crude oil and gasoline are near the top\nof the list, and heating oil, the poor country cousin, comes out only near the middle. Poulos goes into\nwhy.
Which futures trend strongest? My February 1991 article, \""Of trends and random walks,\"" explained\nhow the random walk index, which separates trends from random drifts by al- lowing for the direct\nmeasurement of trend, could be used toward this end. (See sidebar, \""The random walk index.\"") By using\na view of price-time history similar to the one used previously, we can determine how to rank various\nfutures according to their inclination of trend. We attempted to maintain objectivity by not requiring the\narbitrary choice of a predetermined fixed lookback interval (for example, the length of a moving\naverage). Other attempted rankings of this kind are often questionable in result because they do not\nspecially distinguish between random drifts and trends.
Some results may surprise you. For example, do you believe wheat trends stronger than corn? Or cattle\ntrends stronger than hogs? Wrong. Cattle and wheat are the weakest of the 28 futures covered here. Corn,\non the other hand, ranks near the top, sixth out of 28. Do you figure crude oil, gasoline and heating oil all\nshow the same tendency to trend? Wrongo! Crude oil and gasoline are near the top of the list, while heating oil is well down toward the middle.
Some explanations are in order. The average channel height for yen (Figure 1) provides some. For the\nfour-day channel length, for example, we start at Day 4 and look back for the highest high and the lowest\nlow from Day 1 through Day 4. We record that high to low difference. We then repeat the above for Day\n2 through Day 5, 3 through 6 and so on. We then average all these heights to get the average channel\nheight figure for four day channels. This process is then repeated for each of the a various channel length\n(that is, lookback intervals). The 2.29 ratio on the four-day row for yen is obtained by dividing the\naverage four-day channel height by the average one-day channel height (141.7 divided by 62.0). For the\nsake of brevity, we show the average channel height only for yen, but the same procedure was used for all\n28 futures (Figure 2)."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-1-38-42-futures-according-to-trend-tendency-by-e-michael-poulos-21.gif"",""height"":""272"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-1-38-42-futures-according-to-trend-tendency-by-e-michael-poulos-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-1-38-42-futures-according-to-trend-tendency-by-e-michael-poulos-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c01-sideran-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:1 (38-42): SIDEBAR: THE RANDOM WALK INDEX"",""caption-linebreaks"":""THE RANDOM WALK INDEX
The channel height ratio to one day figures given show a consistent excess beyond the square root\ncolumn. This excess indicates the presence of trends and hints how to create a trend \""yardstick.\"" If no\ntrends were present, the ratios would be expected to all fall exactly on the square roots, and thus an\n\""expected random walk\"" over n days would be the square root of n multiplied by the average daily range\n(same as average one-day channel height)."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-1-38-42-sidebar-the-random-walk-index-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-1-38-42-sidebar-the-random-walk-index-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-1-38-42-sidebar-the-random-walk-index-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c01-testing-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:1 (43-45): Testing Trading Rules Over Different Time Periods by John Sweeney"",""caption-linebreaks"":""Testing Trading Rules Over Different Time\nPeriods\nby John Sweeney
After two Sundays of dinking around (Settlement, STOCKS & COMMODITIES November and December\n1991), I'd finally converted a chance idea to something with remotely promising prospects something on\nthe order of a three-to-one return on margin. I'd done that by emulating the basic ideas in four trading\nrules (Figure 1) plus two stops. As has been my experience, the stops were the most effective in\nimproving the results and the stops were selected by the maximum adverse excursion (MAE) analysis\n(Figure 2) to cut off the big losers while allowing enough room for winners to be successful.
Many people look at Figure 2 and say, \""Hey! We've got more losers than winners ! \"" Right. That's\nnormal. You want to look at the dollar income from that, as in Figure 3, because we know the test was\nprofitable. This figure gives a better sense of whence the profits come. System Writer Plus accurately\npicked up two gap days when stops were ineffective, so we have an unusually high dollar loss on two\ntrades, despite which our approach is profitable.
PROBLEMS ARISE
Even if profitable, the system raises questions. There are fewer than 30 trades, the magic number needed\nfor reliability. Just one big winner earned a ton of money. What about other time periods? What about\nother tradeables? Couldn't the system be refined to be even more profitable by eliminating the losers?
To make the last first, refining things at this point is impossible. We're testing on too short a period to\nreliably sift through and spot problems in the logic. Better at this point to test on several other periods to\nfind these problems, refine the system if possible and then retest on all the different periods. This iterative\nprocess, while tedious, usually highlights gaps in my trading concepts."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-1-43-45-testing-trading-rules-over-different-time-periods-by-john-sweeney-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-1-43-45-testing-trading-rules-over-different-time-periods-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-1-43-45-testing-trading-rules-over-different-time-periods-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c01-slip-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:1 (9-12): Slippage Cost Of A Large Technical Trader by Thomas V. Greer, B. Wade Brorsen and Shi-Miin Liu"",""caption-linebreaks"":""Slippage Cost Of A Large Technical Trader\nby Thomas V. Greer, B. Wade Brorsen and Shi-Miin Liu
If traders rely on technical trading systems, they need to know the size of slippage, which is the\ndifference between estimated transaction costs and actual transaction costs. Authors Greer, Brorsen and\nLiu decided to use the trading record of a technically oriented money manager to determine slippage for\nthe fund's transactions using 11 commodities and stop orders.
Slippage, which is the difference between estimated transaction costs and actual transaction costs with\nthe difference usually composed of a price difference, occurs for stop orders when prices move past the\nstop price before the order can be filled. Traders relying on technical trading systems need to know the\nsize of slippage and how it varies across commodities when evaluating alternative technical trading\nsystems, but this information, for one reason or another, has not been easily available in the past. So we\nused the trading record of a managed futures fund to determine slippage for the fund's transactions and\nthus thus provide previously unavailable information.
A study conducted recently by Wall Street Journal reporter Stanley Angrist discovered that slippage\naveraged $17 per contract for the 11 commodities covered here. From the results, it appears that slippage\nfor a large technical trader may be higher than for the average trader. These large technical traders are\noften accused of causing sudden intraday price moves that cannot otherwise be explained. Comparing the\nslippage we discovered to that found in Angrist's study provides information about whether this fund\ntrades when the market is moving quickly."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-1-9-12-slippage-cost-of-a-large-technical-trader-by-thomas-v-greer-b-wade-brorsen-and-shi-miin-liu-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-1-9-12-slippage-cost-of-a-large-technical-trader-by-thomas-v-greer-b-wade-brorsen-and-shi-miin-liu-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-1-9-12-slippage-cost-of-a-large-technical-trader-by-thomas-v-greer-b-wade-brorsen-and-shi-miin-liu-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c10-stocksy-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-10"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:10 (403-406): Stocks Yield To Bonds by Tushar S. Chande"",""caption-linebreaks"":""Stocks Yield To Bonds by Tushar S. Chande
A stock's price may be considered a mechanism to adjust its dividend yield. In the short run, the dollar amount of the dividend is fixed, and so stock prices change to accommodate changes in bond yields. Lags occur because it takes time to convince most participants that bond yields have changed meaningfully. Here's an example of quantitative intermarket analysis, analyzing the relationship of bond yields to stock dividends.
The general relationship between stocks and bonds is widely recognized. Stock dividends and interest\nrates play an important role in any fundamental analysis of stock valuations. An excellent intuitive\nexplanation of the link between stocks and bonds was provided by John J. Murphy in the June 1992 issue\nof STOCKS & COMMODITIES, in which he noted that stock and bond prices generally move in the same\ndirection. At important turning points, however, bond prices usually turn ahead of stock prices.
Prices are inversely related to yield because the dollar amount of the interest paid on a bond is fixed. As\nprices increase, bond yields decrease. In the short run (many months or perhaps a few years), the dollar\namount of the stock dividend is fixed because corporate managements typically change their dividend\npolicy only once a year. Hence, price changes are needed to adjust a stock's dividend yield. In the long\nrun, the dividend can be changed (cautiously increased or reluctantly decreased), thereby adjusting\nrelative yield relationships without requiring large price changes.
In effect, the market is trying to maintain a ratio of stock dividends to bond yields that reflects\nexpectations of relative risk. If stocks are perceived as being riskier than bonds, then investors demand a\nrelatively higher stock dividend yield, lowering stock prices. Even if the perception of stock returns\nremains unchanged, a change in the perception of bond riskiness may increase bond yields. The adjustment of stock yields may occur quickly or slowly and proportionately or disproportionately to\nchanges in bond yields. Since stock traders mostly trade stocks and bond traders mostly trade bonds, the\ntwo markets may go their own separate ways when observed on a daily basis. A rough parity is eventually\nre-established, often with dramatic price changes."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-10-403-406-stocks-yield-to-bonds-by-tushar-s-chande-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-10-403-406-stocks-yield-to-bonds-by-tushar-s-chande-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-10-403-406-stocks-yield-to-bonds-by-tushar-s-chande-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c10-firstci-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-10"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:10 (407-413): First Citizen Of Technical Analysis: Arthur Merrill by Thom Hartle"",""caption-linebreaks"":""First Citizen Of Technical Analysis: Arthur Merrill by Thom Hartle
Arthur A. Merrill, currently of Merrill Analysis and Analysis Press and previously of Technical Trends, drew his first bar chart in 1930. His first, earliest calculations were made on slide rule, long before the pocket calculator or indeed the personal computer became a matter of course. Who else has had a chance to watch the markets evolve quite the way that Art Merrill has? Who else has experience quite like his to learn from? Stocks & Commodities interviewed Art Merrill on July 27, 1992, inquiring about today's markets compared with yesterday's and whether statistical analysis has ever steered him wrong.
So, Art, tell us about your early work with the stock market and technical analysis.
Well, I was first inspired by R.W. Schabacker's Stock Market Theory and Practice. It had many of the\nstock formations that were described in more detail 18 years later by Edwards and Magee.\nI drew my first bar charts in 1930. The next year, Humphrey Neill's book Tape Reading and Market\nTactics added fuel to the technical fire.
Did you keep everything by hand yourself?
Yes. All my data and calculations were made by hand, and I kept up my charts by hand.\nI made the earliest calculations by slide rule. From the slide rule, I progressed through the manual\ncalculator, then the electric calculator, then the pocket calculator—I think I bought the first commercial\nmodel; it was the size of a carton of cigarettes and cost $300—then the programmable calculator with\nprinter, then the computer, first with audiocassette storage, then diskette, and finally hard drive. It was\nquite a progression!\nWhile I have never used it, I have an abacus now hanging behind my computer labeled \""backup.\""
Did you develop a feel for what was happening in the markets?
It was more a visual impression than a feel. A line chart can tell you at a glance about the support and\nresistance levels and the trend direction.
Is that lost today with the reliance on computers?
Not necessarily. The computer is a helpful tool, but I don't make any decisions until I see the output in\nchart form."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-10-407-413-first-citizen-of-technical-analysis-arthur-merrill-by-thom-hartle-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-10-407-413-first-citizen-of-technical-analysis-arthur-merrill-by-thom-hartle-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-10-407-413-first-citizen-of-technical-analysis-arthur-merrill-by-thom-hartle-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c10-sidelog-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-10"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:10 (407-413): SIDEBAR: LOGARITHMIC POINT & FIGURE by Technical Analysis, Inc."",""caption-linebreaks"":""SIDEBAR: LOGARITHMIC POINT & FIGURE by Technical Analysis, Inc.
The point and figure chart, which is built on a filtering technique, is an old favorite. In a one-point chart,\nmoves of less than one point are filtered out; in a three-point chart, all moves of less than three points are\nfiltered out. The idea is good, but this type of chart has several drawbacks. First, the chart makes the error\nof using points and not percentages. Points are a poor measure of importance in a stock chart. One point\ncan be very important in a $10 stock but be a very minor move in a $100 stock.
Another limitation of the P&F chart is the use of arithmetic scale, which has a built-in distortion. A 5%\nmove at the bottom of the chart may be completely hidden, while at the top of the chart it may look like a\nmajor move. On an arithmetic chart, a trend rising at a uniform l0% per week seems almost flat at the\nbottom but skyrockets at the top of the trendline. A straight trendline on an arithmetic scale actually has a\ndecreasing rate of incline as you travel up the line. Another limitation of the point and figure chart is it\nignores the aspect of time.
You can eliminate these limitations with three simple steps. First, set up your filter as a percentage, not in\npoints. Ignore any reversals of less than your specified percent. Second, use a logarithmic scale for prices,\nThird, put time on the horizontal scale of prices (see sidebar Figure 1)."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-10-407-413-sidebar-logarithmic-point-figure-by-technical-analysis-inc-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-10-407-413-sidebar-logarithmic-point-figure-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-10-407-413-sidebar-logarithmic-point-figure-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c10-sideodd-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-10"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:10 (407-413): SIDEBAR: ODD-LOT SHORTS by Technical Analysis, Inc."",""caption-linebreaks"":""ODD-LOT SHORTS by Technical Analysis, Inc.
Short interest—the sale of a borrowed stock—is one of the most useful tools of the technician."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-10-407-413-sidebar-odd-lot-shorts-by-technical-analysis-inc-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-10-407-413-sidebar-odd-lot-shorts-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-10-407-413-sidebar-odd-lot-shorts-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c10-interes-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-10"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:10 (414-415): Interest Rates And The U.S. Dollar by John J. Murphy"",""caption-linebreaks"":""Interest Rates And The U.S. Dollar by John J. Murphy
Veteran technician and leading proponent of intermarket analysis John Murphy continues to delve into the interrelationships between markets, this time between interest rates and the U.S. dollar.
Previously, I have focused on intermarket linkages between commodities, bonds and stocks. The U.S\ndollar also plays an important role in the intermarket chain. The dollar, for example, is affected by\nmovements in interest rate futures. The dollar, in turn, influences the direction of other markets such as\ngold, the CRB index, bonds and ultimately the stock market. Here, I will examine the close relationship\nbetween the dollar and interest rate futures.
THE DOLLAR'S UPS AND DOWNS
The dollar is influenced by the direction of interest rates. During a period of economic strength, the\nFederal Reserve pushes interest rates higher, which in turn strengthens the dollar. In recent history, we\nhave seen an extended period of Fed easing to stimulate a weak economy . When the Federal Reserve\nlowers interest rates, the dollar weakens. Shifts in Fed policy can be seen primarily in the direction of\nshort-term rates, such as Treasury bills. Figure 1 shows the inverse relationship between Treasury bill\nfutures and the U.S. Dollar Index from late 1987 to mid-1992."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-10-414-415-interest-rates-and-the-u-s-dollar-by-john-j-murphy-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-10-414-415-interest-rates-and-the-u-s-dollar-by-john-j-murphy-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-10-414-415-interest-rates-and-the-u-s-dollar-by-john-j-murphy-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c10-phasetr-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-10"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:10 (416-419): Phase Transitions by Christopher K. Smith"",""caption-linebreaks"":""Phase Transitions by Christopher K. Smith
Here's a concept to visually compare an indicator's historical profitability over a range of parameters simultaneously with the indicator's current standing, allowing the trader to identify those trading signals that have been historically profitable.
Market technicians use technical indicators to help clarify some aspect of market behavior. For\nexample, the price moving average helps clarify the longer-term trend of the market while eliminating\nshorter-term noise. One problem that arises in using indicators, however, is that it is often difficult to\nseparate the signal being given by the indicator from the noise. Traditionally, traders have sought to\neliminate noise from indicator signals through manipulation of the indicator's parameter values . For\nexample, if the moving average is producing whipsaw signals, the parameter length is increased.\nConversely, if the indicator's signals are lagging the market, the parameter length is decreased. The\nproblem with this approach is that it is often difficult to determine which parameter values are best for\ntrading a given market. This can be solved by searching for key indicator changes called phase transitions.
Phase is calculated as the distance of an indicator above or below a median point (often a zero point).\nPhase transitions occur when an indicator moves through the center of their value ranges. Understanding\nphase transitions begins with an understanding the phase of an indicator. For the simple moving average,\nphase may be defined as the distance of the closing price above or below a given moving average. Thus,\nthe phase is positive when price is above the moving average and the phase is negative when price is\nbelow the moving average. Phase may be calculated for nearly any indicator. (See sidebar \""Indicator phase\"" for a discussion of potential methods to calculate phase for a variety of indicators.) Searching for\nsignificant phase transitions in the market helps extract important signals from an indicator while\nignoring the noise. Searching for phase transitions also helps clarify the overall state of the market by\nexamining indicator action over a variety of time frames."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-10-416-419-phase-transitions-by-christopher-k-smith-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-10-416-419-phase-transitions-by-christopher-k-smith-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-10-416-419-phase-transitions-by-christopher-k-smith-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c10-sideind-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-10"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:10 (416-419): SIDEBAR: INDICATOR PHASE by Technical Analysis, Inc."",""caption-linebreaks"":""INDICATOR PHASE by Technical Analysis, Inc.
The phase of an indicator is defined as the distance of an indicator above or below a median value. For\nindicators that are plotted together with the price such as moving averages and on-balance volume, the\nphase is simply the difference between the price and the value of the indicator at a certain time period."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-10-416-419-sidebar-indicator-phase-by-technical-analysis-inc-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-10-416-419-sidebar-indicator-phase-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-10-416-419-sidebar-indicator-phase-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c10-identif-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-10"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:10 (420-424): Identifying Trends With The KST Indicator by Martin J. Pring"",""caption-linebreaks"":""Identifying Trends With The KST Indicator by Martin J. Pring
The direction of price is influenced by different time cycles. Important market turns occur when a number of these cycles are changing direction. The KST indicator is an oscillator designed to identify market turns based on the existence of these time cycles. Here, noted author Martin Pring presents the application of different-length KSTs to identify important market moves.
Last time, I introduced the KST indicator, which is an oscillator that combines several smoothed rates\nof change and then weights them according to their time span. (See sidebar, \""The KST indicator.\"") The\nconcept behind the oscillator is that price trends are determined by the interaction of many different time\ncycles and that important trend reversals take place when a number of price trends are simultaneously\nchanging direction. The KST cannot include all possible cycles and combinations, but it performs better\nthan a simple momentum oscillator that can only reflect one cycle or combination of cycles . Different\nKSTs have been designed to reflect short-, intermediate- and long-term (primary) trends. The goal is to\nobtain an indicator to capture important market moves for a particular time frame while minimizing\nwhipsaws. Buy and sell signals are triggered when a specific KST crosses its designated moving average,\nsimple or exponential. However, the confirmation of a trend reversal in the actual price such as a moving\naverage crossover or price pattern completion is also necessary.
THREE MAIN TRENDS
It is common knowledge that several trends operate in the market at any particular time, ranging from\nintraday and hourly trends to very long-term or secular ones developing over a 20 or 30-year period. For\ninvestment purposes, the most widely recognized are short-, intermediate and long-term trends.\nShort-term trends (that is, those that range from two to four weeks) are usually monitored with daily\nprices, intermediate (six weeks to six months) with weekly, and long-term (one to three years) with\nmonthly prices. Figure 1 reflects a hypothetical bell curve incorporating all three trends.
From both an investment and trading point of view, it is important to understand the direction and maturity of the main, or primary, trend. In the same way that a rising tide lifts all boats, short-term rallies\nin a bull market are much more profitable than when the market tide is retreating — that is, in a bear\nmarket. If you want proof, try comparing the results of short-term buy signals for mechanical trading\nsystems in a bull and bear market environment. An indicator that can give you a reliable hint, not only of\nthe direction but also the maturity of the primary trend, can be invaluable."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-10-420-424-identifying-trends-with-the-kst-indicator-by-martin-j-pring-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-10-420-424-identifying-trends-with-the-kst-indicator-by-martin-j-pring-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-10-420-424-identifying-trends-with-the-kst-indicator-by-martin-j-pring-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c10-gannstd-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-10"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:10 (425-426): A Gann Study of A Bull Move In Wheat by Richard Diaz"",""caption-linebreaks"":""A Gann Study of A Bull Move In Wheat by Richard Diaz
Gann's methods have been studied for years and applied by many to trading stocks and commodities. Here, Richard Diaz of Refco, Inc., provides us with his Gann analysis of a bull market in wheat.
Wheat futures rallied recently more than $1.88 to trade at the highest level since 1980. The move\ncarried from the July 8, 1991, low made at 272-1/2 in the December 1991 contract to the high made at\n463- 1/4 on February 10,1992, in the March 1992 contract. Several Gann factors were exceptionally\nhelpful in calling the top price as well as its timing.
Figure 1 is a daily continuation chart that plots the relevant futures contract and adjusts the price scale\nwhen the switch is made from one contract to the next. Thus, on June 14, 1991, July wheat went out at\n293 and the December contract settled at 310-1/4 on that day (I skip the September contract because I\nprefer to work on a longer run of contract) . From that point on through November 15,1991, the chart\nplots the price activity of the December 1991 contract. Adjusting the price scale allows a realistic\nappraisal of the continuous price movement.
Figure 2 is Gann's square of nine and is very useful in determining future time/price intervals that are\nsignificant to a given key high or low price. The low made on July 8, 1991, was 272-1/2, and this number\ncan be found along the 225-degree line in the eighth cycle. The strongest points for resistance in both\nprice and time are at the opposition points (180 degrees apart) and at the full-cycle points (a complete\nmove of 360 degrees). Starting at 31, note the numbers along the 45-degree line (opposition) and along\nthe 225-degree line, that is, 31, 43, 57, 73, 91, and so on. Figure 3 indicates where these numbers, taken\nas market days from the low of July 8, 1991, occurred."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-10-425-426-a-gann-study-of-a-bull-move-in-wheat-by-richard-diaz-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-10-425-426-a-gann-study-of-a-bull-move-in-wheat-by-richard-diaz-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-10-425-426-a-gann-study-of-a-bull-move-in-wheat-by-richard-diaz-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c10-select-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-10"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:10 (427-431): Selecting The Best Futures Price Series For Computer Testing by Jack Schwager"",""caption-linebreaks"":""Selecting The Best Futures Price Series For Computer Testing by Jack Schwager
One problem that traders studying commodity markets face is the fact that individual futures contracts have price characteristics that are not continuous with other contracts within the same market. Jack Schwager, author and director of futures research at Prudential Securities, has some suggestions on dealing with this problem.
System traders who wish to test their ideas on futures prices face a major obstacle: the limited life span\nof futures contracts. In contrast to the equities market, where a given stock is represented by a single\nprice series spanning the entire test period, in futures, each market is represented by a string of expiring\ncontracts. Proposals for a solution to this problem have been the subject of many articles and much\ndiscussion. In the process, substantial confusion has been generated, as is evident by the use of identical\nterms to describe different types of price series. Even worse, a great deal of misinformation has circulated\non this subject. My goal here is to attempt to set the facts straight.
Four basic types of price series can be used. Each has advantages and disadvantages.
ACTUAL CONTRACT SERIES
At a glance, the best apparent route might be to simply use the actual contract series. However, two major\nproblems arise with this approach. First, if you test a system over a meaningful length of time, each\nmarket simulation requires a large number of individual price series. For example, a 15-year test run for a\ntypical market would require using approximately 60-90 individual contract price series. Moreover, using the individual contract series requires an algorithm for determining what action to take at the rollover\npoints. As an example of a problem that may develop, it is quite possible for a given system to be long in\nthe old contract and short in the new one or vice versa. These problems are hardly insurmountable, but\nthey make the use of individual contract series somewhat unwieldy."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-10-427-431-selecting-the-best-futures-price-series-for-computer-testing-by-jack-schwager-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-10-427-431-selecting-the-best-futures-price-series-for-computer-testing-by-jack-schwager-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-10-427-431-selecting-the-best-futures-price-series-for-computer-testing-by-jack-schwager-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c10-sideper-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-10"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:10 (432-435): SIDEBAR Performance Summary by Technical Analysis, Inc."",""caption-linebreaks"":""Performance Summary by Technical Analysis, Inc.
Building on a February 1990 article by Jay Kaeppel, \""Formula Research\"" report editor Nelson Freeburg and engineer/investor Charles Skelley introduce a stock market timing model using the Fed discount rate and the 13-week Treasury bill rate spread. By Nelson Freeburg and Charles Skelley"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-10-432-435-sidebar-performance-summary-by-technical-analysis-inc-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-10-432-435-sidebar-performance-summary-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-10-432-435-sidebar-performance-summary-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c10-timing-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-10"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:10 (432-435): Timing The Stock Market With A Discount/T-Bill Spread by Nelson Freeburg and Charles Skelley"",""caption-linebreaks"":""Timing The Stock Market With A Discount/T-Bill Spread by Nelson Freeburg and Charles Skelley
Building on a February 1990 article by Jay Kaeppel, \""Formula Research\"" report editor Nelson Freeburg and engineer/investor Charles Skelley introduce a stock market timing model using the Fed discount rate and the 13-week Treasury bill rate spread.
Tracking two well-known interest rates — the Federal Reserve discount rate and the 13-week Treasury\nbill rate — allows us to build a powerful stock market timing model, one that backtesting over the past\n40 years shows could have consistency outperformed the Standard & Poor's 500. Properly manipulated,\nthe spread between these two rates can give buy and sell signals with 78% historical accuracy, produce\nonly small losses when wrong and yield gains totaling 513 S&P points since 1953, far more than the rise\nin that index throughout its history.
In the February 1990 STOCKS & COMMODITIES, Jay Kaeppel introduced a trading method keyed to the Fed\ndiscount rate and the 13-week T-bill rate. More than 90% of the buy signals were accurate. In 35 years of\ntesting—from 1953 to 1988—total long-side profit was 312 S&P points, almost 40% more than the\ncorresponding gain in the market. A $10,000 initial investment would have grown to $375,000. The\nappreciation works out to a compound annual return of 10.6% compared with a buy and hold gain of\nabout 7% (excluding dividends and interest).
Kaeppel's procedure was as follows. Each week, take the Fed discount rate and subtract the yield on the\nthree-month U.S. Treasury bill. (The data can be found in The Wall Street Journal , Investor's Business\nDaily or Barron's.)"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-10-432-435-timing-the-stock-market-with-a-discount-t-bill-spread-by-nelson-freeburg-and-charles-skelley-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-10-432-435-timing-the-stock-market-with-a-discount-t-bill-spread-by-nelson-freeburg-and-charles-skelley-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-10-432-435-timing-the-stock-market-with-a-discount-t-bill-spread-by-nelson-freeburg-and-charles-skelley-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c10-guideto-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-10"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:10 (436-438): A Guide To Pyramiding by Nauzer J. Balsara"",""caption-linebreaks"":""A Guide To Pyramiding by Nauzer J. Balsara
Pyramiding, the process of adding to the number of contracts during the life of a trade, needs to be distinguished from the strategy of increasing or decreasing the trading size contingent on the outcome of a closed-out trade. Typically, pyramiding is undertaken with a view toward concentrating resources on a winning trade, but pyramids could also be used to average or dilute the entry price on a losing trade. Adding to a losing position is essentially a case of good money chasing after bad and so, in this article, Nauzer Balsara examines the concept of adding to profitable positions.
Critical to successful pyramiding is an appreciation of the concept of the effective exposure on a trade,\nwhich measures the dollar amount at risk at any point during the life of a trade. It is a function of the\nentry price, the current stop price and the number of contracts traded of the commodity in question. The\neffective exposure on a trade is defined as:
\n(a) for a short trade:
(current stop price - entry price)(number of contracts)
(b) for a long trade:
(entry price - current stop price)(number of contracts)
\nAs long as a trade has not registered an unrealized profit, the effective exposure on a trade is positive and\nrepresents the maximum amount of capital at risk, assuming that prices do no gap through the stop price.\nA trade protected by a breakeven stop equal to the trade entry price has no effective exposure. For\nexample, a trader who has purchased two futures contracts of June 1992 gold at $335 an ounce with a\nprotective sell-stop a $330 is risking $5 an ounce, leading to an effective exposure o $500 per 100-ounce futures contract or $1,000 for two contracts. If gold continues to rally, and the protective sell-stop is\nmoved up to $335, our trader is assured a breakeven trade, disregarding gaps through the stop price."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-10-436-438-a-guide-to-pyramiding-by-nauzer-j-balsara-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-10-436-438-a-guide-to-pyramiding-by-nauzer-j-balsara-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-10-436-438-a-guide-to-pyramiding-by-nauzer-j-balsara-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c10-seasonl-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-10"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:10 (439-443): Seasonal Variations In A Semiconductor Stock by Jack Karczewski"",""caption-linebreaks"":""Seasonal Variations In A Semiconductor Stock by Jack Karczewski
Do seasonal variations exist in the heavily traded and researched stock market? Recently, a securities analyst was quoted as saying that semiconductor stocks declined an average of 40% from their seasonal highs to their seasonal lows. Jack Karczewski presents this primer on the analytical procedure of investigating seasonal fluctuations in the stock market using a semiconductor stock as an example.
Predictable seasonal variations in commodities are both well known and documented. Whether the\nsame kind of patterns can be detected elsewhere, most notably in the stock market, remains to be seen,\nhowever. Thus, to analyze cyclical phenomena in stocks, I chose the ratio to moving average method to\nillustrate the seasonal tendency in a semiconductor stock. This method has been in existence for many\nyears and preceded the advent of computers — including mainframes. It was the method that the U.S.\nCensus Bureau used prior to the adoption of the current Census X-11 program. Now, of course, most\ntraders with access to a personal computer and spreadsheet software such as Microsoft Excel can easily\nconstruct a seasonal index on literally any promising time series.
For the sake of simplicity, I chose only one stock in an industry rather than a basket of stocks or an index.\nI will show that a seasonal pattern exists in the stock selected, in this case ca Advanced Micro Devices\n(AMD), and also illustrate a method that might give a clue to using the seasonal variation to anticipate\nseasonal price moves.
I have presented the material in a way that illustrates the procedure and components for the construction\nof the seasonal index. Sophisticated programs that will construct these indices are available, but I am\npresenting a learning exercise in addition to a means of understanding the seasonal nature of a particular\nstock."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-10-439-443-seasonal-variations-in-a-semiconductor-stock-by-jack-karczewski-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-10-439-443-seasonal-variations-in-a-semiconductor-stock-by-jack-karczewski-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-10-439-443-seasonal-variations-in-a-semiconductor-stock-by-jack-karczewski-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c10-trading-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-10"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:10 (444-446): Trading The Equity Curve by Joe Luisi"",""caption-linebreaks"":""Trading The Equity Curve by Joe Luisi
Technical analysis is typically applied to prices to determine the trend and changes in the trend. Now consider applying the same concept to analyzing your equity curve to determine those times when your equity may not be trending in the preferred direction.
Money management may be the single most important aspect in trading, but few traders spend the\nnecessary time required for successful trading. Generally, it is a rule of thumb that traders should spend\n30% of their time analyzing the markets and 70% of their time split between looking for low-risk,\nhigh-profit trades and money management. With the increasing popularity and availability of the home\ncomputer, trading systems promising huge rewards have burst on the scene, but not necessarily\ndelivering. The novice trader may be led to believe that with the right system, he or she can beat the\nmarket and achieve great monetary success. The truth is quite the opposite.
SECRETS OF SUCCESS?
To be successful, a trader only needs a system that is 51% accurate and sometimes not even that. Most\nsuccessful money managers use systems that are only 40-50% accurate, but they have very strict money\nmanagement standards and their risk to reward ratio is very high. A money management plan is very\nimportant, even if a trader does not use a mechanical system to trade, an accurate record of trades\nexecuted should always be kept and equity plotted on a daily basis. Such records can give the trader a\nvisual idea of how his or her trading is faring—trending up, down or flat."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-10-444-446-trading-the-equity-curve-by-joe-luisi-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-10-444-446-trading-the-equity-curve-by-joe-luisi-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-10-444-446-trading-the-equity-curve-by-joe-luisi-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c11-twiston-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-11"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:11 (449-453): A Twist On The Arms Index by Harley D. Wilbur"",""caption-linebreaks"":""A Twist On The Arms Index by Harley D. Wilbur
The Arms index, which was originally known as TRIN (for trading index), utilizes up and down volume and advancing and declining issues for calculation. The indicator, which aims to identify possible turning points in the stock market, has been studied keenly since its introduction. Here, Harley Wilbur presents a new version of this indicator, bruised and battered but still standing in the field of trading battle.
I have long been fascinated with the Arms index, also known as the TRIN indicator. I was introduced to it\nin the early 1970s when it had the unwieldy name of \""shtort-term trading index\"" and could be accessed\nintraday on brokers' quote machines . As a buy/sell indicator the Arms index worked well sometimes but\nfailed miserably at other times.
One of the problems I have encountered in using the index is that the daily TRIN can be very erratic.\nBecause of the way the index is calculated, the value 1.00 is theoretically neutral, and values below 0.30\nare relatively rare. On the high side, however, it sometimes spikes above 2.4 or higher. On the occasional\ndays when the stock market drops swiftly, the index often assumes very large values, which in turn have\na disproportionate influence on TRIN moving averages, making them erratic too. (Technician Arthur\nMerrill presented an interesting analysis of the significance of extreme daily values of the Arms index in\nthe April 1992 STOCKS & COMMODITIES.)"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-11-449-453-a-twist-on-the-arms-index-by-harley-d-wilbur-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-11-449-453-a-twist-on-the-arms-index-by-harley-d-wilbur-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-11-449-453-a-twist-on-the-arms-index-by-harley-d-wilbur-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c11-sidewei-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-11"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:11 (449-453): SIDEBAR: WEIGHTED AVERAGE TRIN10 by Technical Analysis, Inc."",""caption-linebreaks"":""WEIGHTED AVERAGE TRIN10 by Technical Analysis, Inc.
The steps for calculating WTRIN10 begin with the calculation of the open TRIN10 (column G). The\n10-day moving average of the individual day's value of the number of advancing shares (column C),\nnumber of declining shares (column D), advancing volume (column E) and declining volume (column F)\nare used to calculate the open TRIN10."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-11-449-453-sidebar-weighted-average-trin10-by-technical-analysis-inc-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-11-449-453-sidebar-weighted-average-trin10-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-11-449-453-sidebar-weighted-average-trin10-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c11-frankgr-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-11"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:11 (454-459): Frank Gretz of Shields & Company by Thom Hartle"",""caption-linebreaks"":""Frank Gretz of Shields & Company by Thom Hartle
Frank Gretz wears many hats for Shields & Company - technician, broker, money manager and market letter writer (not to mention appearing on CNBC in his capacity as a technical analyst) - but he also undertakes the challenge of managing his firm's trading account. Over time, he has developed a trading philosophy designed to keep his trading on an even keel and profitable. How does he do it? Stocks & Commodities interviews Gretz on his trading methods and trading philosophy.
Frank, how did you get started in the business?
I got interested in the stock market while I was in college. I didn't know if I wanted to be a broker or an\nanalyst or whatever, but I decided that the place to find out what the stock market was all about was New\nYork City. I started at Merrill Lynch in 1967 and I joined the training program, which was fundamentally\noriented.
What did you do?
Part of the training program was in portfolio analysis, which was reviewing stocks that the clients held on\na fundamental basis. I was very interested in the market for my own money and I was doing some trading\nthe way I had through college. I noticed that when I was buying stocks, they did very well when the\nmarket went up and they didn't do so well when the market went down. So it struck me — smart, right?\n— that the overall trend of stock prices seemed to have a lot to do with my success in making money in\nthe stock market and was also largely responsible for my losing money in the stock market.
When was this?
Back in 1968, which was really a pretty good market for stocks, but nonetheless, I noticed that when\nstocks went down, so did mine. So I became interested in just what made the market trend. I was very\nfortunate because at Merrill Lynch, there was a guy named Bob Farrell heading the technical analysis\ndepartment, which is now called the market analysis department.
So you transferred over?
I became kind of a trainee in that department. That was very good for me. I was there with Bob for about\nsix years, and I have great respect for Bob Farrell. I learned a lot from Bob and from being exposed to the\nbroad array of technical analysis that was offered in there. I stayed there for about six years and then I\nbecame an independent investment advisor, worked for myself literally, managing money and writing a\nmarket letter."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-11-454-459-frank-gretz-of-shields-company-by-thom-hartle-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-11-454-459-frank-gretz-of-shields-company-by-thom-hartle-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-11-454-459-frank-gretz-of-shields-company-by-thom-hartle-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c11-sentime-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-11"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:11 (460-463): Sentiment And Trendlines For Bond Fund Trading by Joe Duarte"",""caption-linebreaks"":""Sentiment And Trendlines For Bond Fund Trading by Joe Duarte
The Hines ratio, a key sentiment indicator, is designed to help traders pinpoint emotional extremes in the bond market. Here, the Hines ratio is combined with Barron's Bond Bullish Consensus, classic trendline and retracement analysis to help traders identify buying and selling points for the intermediate term.
The Hines ratio is a modified put/call ratio that refines traditional option ratio analysis by including the\nopen interest figures in the equation. I use the options volume and open interest figures found in Barron's\nfutures options section under the listing of \""U.S. Bonds.\"" These figures are the total volume traded and\nfinal open interest for the period covering Thursday to Thursday. The formula for the Hines index is:
\n(Total put volume / Total put open interest)
(Total call volume / Total call open interest)
\nThe Hines ratio presents the options volume as a ratio of open interest. Including open interest is valuable\nbecause increased volume along with increased open interest indicates that new positions are being\nadded. Extreme levels of option sentiment, both bullish or bearish, cause the Hines index to rise or fall to\nlevels that often precede significant intermediate-term tops and bottoms in the bond market. For example,\na Hines index buy signal usually but not always occurs when the index reaches numbers above 1.8.\nMeasurements below but not necessarily at 0.65 usually signal intermediate-term weakness. The buy\nsignals are much better at predicting higher bond prices than the sell signals are at predicting falling\nprices."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-11-460-463-sentiment-and-trendlines-for-bond-fund-trading-by-joe-duarte-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-11-460-463-sentiment-and-trendlines-for-bond-fund-trading-by-joe-duarte-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-11-460-463-sentiment-and-trendlines-for-bond-fund-trading-by-joe-duarte-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c11-gold-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-11"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:11 (464-466): Gold And The U.S. Dollar by John J. Murphy"",""caption-linebreaks"":""Gold And The U.S. Dollar by John J. Murphy
Last month, intermarket analyst and veteran technician John Murphy explored the relationship between interest rates and the U.S. dollar. This month, he progresses to the interrelationship between the U.S. dollar and gold.
Last time, I showed that the U.S. dollar moves in the opposite direction of interest rate futures prices.\nAt some point, however, the falling dollar will reawaken inflation pressures. One of the first hints of\ninflation — or disinflation — usually comes from the gold market, due to the strong historical link\nbetween the gold market and the dollar.
Historically, the gold market trends in the opposite direction of the dollar. The inflationary 1970s saw\ngold soar above $800 while the dollar fell. The dollar turned higher in 1980 and rallied before peaking in\n1985 while, concurrently, gold peaked in 1980 and dropped all the way down to $300 during the same\nfive years that the dollar rallied. February 1985 marked the last major turn in both markets. That month,\nthe dollar fell from its highest point in the 1980s, while gold rebounded from its lowest price for that\ndecade.
In Figure 1, the gold market is compared to German Deutschemark futures from that 1985 turning point.\nUtilizing a foreign currency has the same effect as comparing an inverted chart of the dollar to the gold\nmarket and makes visual comparison easier. If the dollar and gold trend in opposite directions, then the\nmark and gold should trend in the same direction. Figure 1 shows the remarkably close positive\ncorrelation between the mark and gold from 1983 to 1989. Both markets turned up in early 1985 as the\ndollar peaked, fell in late 1987 as the dollar rallied and then turned up together in 1989 as the dollar fell."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-11-464-466-gold-and-the-u-s-dollar-by-john-j-murphy-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-11-464-466-gold-and-the-u-s-dollar-by-john-j-murphy-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-11-464-466-gold-and-the-u-s-dollar-by-john-j-murphy-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c11-sideanm-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-11"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:11 (467-470): SIDEBAR: AN MACD VARIATION by Technical Analysis, Inc."",""caption-linebreaks"":""AN MACD VARIATION by Technical Analysis, Inc.
The method used is a variation of the original moving average convergence/divergence (MACD) indicator.\nLonger-term exponentially smoothed moving averages (EMA) have been used in the calculation of the\nMACD. The new smoothing constants a are 0.0299 and 0.0589, which approximate a 66-week simple\nmoving average and a 33-week simple moving average, respectively."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-11-467-470-sidebar-an-macd-variation-by-technical-analysis-inc-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-11-467-470-sidebar-an-macd-variation-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-11-467-470-sidebar-an-macd-variation-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c11-stocks-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-11"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:11 (467-470): Stocks, Interest Rates And The MACD by Kent Perkers"",""caption-linebreaks"":""Stocks, Interest Rates And The MACD by Kent Perkers
The notion that markets are interlinked is gaining widespread acceptance. However, the technique of timing trades in one market based on the price direction of another market still requires further fine tuning. Here, the moving average convergence/divergence (MACD) is presented as a method with which to identify the trend of interest rates that will in turn signal the coming trend in stocks.
The importance of changes in interest rates and their impact on equity markets has long been\nrecognized by astute fundamental and technical analysts. The ability of bond price trends to act as a\nleading indicator of equity market direction is extraordinary, as illustrated by Figure 1. Discovering when\na change in the trend of interest rates has occurred is the challenge, one that the moving average\nconvergence/divergence (MACD) can answer.
The MACD, which was developed by technician Gerald Appel, is an oscillator based on the difference\nbetween two exponentially smoothed moving averages of the closing prices. First, calculate the 26-week\nexponentially smoothed moving average (using a smoothing constant of 0.075) of the closing price.\nSecond, calculate the 12-week exponentially smoothed moving average (using a smoothing constant of\n0.15) of the closing price. The difference between the two moving averages is known as the MACD line.\nThe method then smoothes the MACD line with a nine-week exponentially smoothed moving average\n(using a smoothing constant of 0.2). This line is called the signal line."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-11-467-470-stocks-interest-rates-and-the-macd-by-kent-perkers-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-11-467-470-stocks-interest-rates-and-the-macd-by-kent-perkers-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-11-467-470-stocks-interest-rates-and-the-macd-by-kent-perkers-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c11-usingne-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-11"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:11 (471-475): Using Neural Nets For Intermarket Analysis by John Kean"",""caption-linebreaks"":""Using Neural Nets For Intermarket Analysis by John Kean
Changes in Treasury bill yields, Treasury bond yields, gold and the U.S. dollar affect the stock market in subtle but predictable ways. These are complex and challenging relationships to decipher - tasks well suited to the abilities of neural networks, since neural nets are designed to detect patterns in relationships. Here, systems analyst John Kean presents his work on utilizing a neural network for researching intermarket relationships.
Watching changes in market prices and interest rates may suggest that hidden somewhere in these\nseemingly . chaotic fluctuations, useful patterns that are discernible may be used to predict price changes\nin the stock market. It's easy to speculate on such things, but how does one take an intuitive notion such\nas market interdependence, test it and perhaps turn it into a lucrative trading method?
One possible strategy would be to devise a computer program that through trial and error would produce\na sequence of conditional statements. These statements could define certain intermarket conditions that,\nif satisfied, would signal the trader to be long, flat or short the stock market. For example, suppose that\nduring the preceding week gold prices fell, the U.S. Dollar Index rose and Treasury bond and bill rates\nfell. Our computer program would signal that it might be profitable to be long in stocks the coming week.
Obviously, the potential for subtle variations in any set of conditions abound, making trial and error\nanalysis arduous and limited. Neural networks, a form of artificial intelligence that is rapidly gaining\nrecognition, is adept at handling this type of problem and gives superior results."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-11-471-475-using-neural-nets-for-intermarket-analysis-by-john-kean-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-11-471-475-using-neural-nets-for-intermarket-analysis-by-john-kean-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-11-471-475-using-neural-nets-for-intermarket-analysis-by-john-kean-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c11-kstandr-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-11"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:11 (476-480): KST And Relative Strength by Martin J. Pring"",""caption-linebreaks"":""KST And Relative Strength by Martin J. Pring
In previous articles, technician and author Martin Pring has analyzed the KST indicator, an oscillator designed to identify market turns based on time cycles. This month, he explains how to use the KST in gauging the relative strength of stocks.
In the September STOCKS & COMMODITIES, I introduced the KST, a momentum indicator constructed m a\nweighted summed rate of change. To recap, four different smoothed rates of change (ROC) are combined\ninto one oscillator. This captures the under lying price movements of several different market cycles as\nreflected by the various ROC time spans. Trend reversals are signaled when the KST crosses above or\nbelow its moving average.
KST indicators can be constructed to monitor any type of market trend. By giving different weights to the\ndifferent ROC components that make up the KST indicator, we can construct oscillators with different\noutlook lengths. One particularly practical use of the Kst indicator is to stack three printouts of the\noscillator, reflecting the short-, intermediate- and long-term trend, on top of each other (Figure 1). The\nlong-term KST monitors the primary trend of the market (that is, price movements lasting for one, two or\nthree years); its position gives us some perspective on the trend maturity. The intermediate- and\nshort-term indicators are used more for timing purposes. For example, if a short-term buy is triggered\nwhen the long-term indicator rises just above the zero level, a bull market rally is indicated. On the other\nhand, a short-term buy signal that occurs when the long-term indicator is declining tells us that a bear\nmarket rally is underway. The difference is important, since the former is usually profitable and the latter\ndeceptive, unreliable and unprofitable."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-11-476-480-kst-and-relative-strength-by-martin-j-pring-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-11-476-480-kst-and-relative-strength-by-martin-j-pring-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-11-476-480-kst-and-relative-strength-by-martin-j-pring-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c11-thegann-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-11"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:11 (481-487): The Gann Quarterly Swing Chart And Trend Duration by Jerry Favors"",""caption-linebreaks"":""The Gann Quarterly Swing Chart And Trend Duration by Jerry Favors
The Gann quarterly swing chart - which is a trend-following indicator and not a trading system as presented in the August Stocks & Commodities - is best used as a compliment with other analyses like most individual indicators. Here, Jerry Favors of \""The Favors Analysis\"" newsletter delves into detail about what the indicator can and cannot do.
The Gann quarterly chart is a tool that all readers can use with relative ease, but you must know the\ncorrect rules for its construction and interpretation. To begin, the quarterly swing chart will turn up from\nany extreme low when the Dow Jones Industrial Average (DJIA) rises above the highest intraday reading\nof the prior quarter. The chart will continue to point up to the highest price reached before the DJIA falls\nbelow the intraday low of a prior quarter. The swing chart is an indication of the trend direction, not a\nmechanical trading system. Nowhere in W.D. Gann's works does he state that the correct way to use this\nchart is to buy when it turns up or sell whenever it turns down. It is not up- or downturns in this chart\nthemselves that generate buy or sell signals. Gann specifically stated: \""Observe how many times after a\nprolonged advance (bull market) or decline (bear market) the first time prices break the bottom of a\nprevious quarter it indicates a change in trend .... The first time the prices of one quarter exceed the high\nlevels of the previous quarter, it nearly always indicates a change in trend and a bull market follows.\"""",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-11-481-487-the-gann-quarterly-swing-chart-and-trend-duration-by-jerry-favors-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-11-481-487-the-gann-quarterly-swing-chart-and-trend-duration-by-jerry-favors-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-11-481-487-the-gann-quarterly-swing-chart-and-trend-duration-by-jerry-favors-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c11-finetun-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-11"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:11 (488-493): Fine Tuning Oscillators by Ed Downs"",""caption-linebreaks"":""Fine Tuning Oscillators by Ed Downs
The conventional wisdom in technical trading systems implies that for a trading system to be reliable, it should work across all markets and all time frames. Here are some potential reasons why it's difficult to find a single trading system that works all the time for all markets, and how optimized oscillators can be used to overcome these problems and build a sound trading plan.
It is a given that each stock has its own unique collection of primary participants (buyers/sellers), its\nown appeal (industry) and its own market strength (shares outstanding). It is also a given that over time\nthe personality of each issue gradually changes; the \""go-go\"" stock of a decade ago becomes the staid\nholding of a pension fund today. This is why a single indicator cannot always be used over the long haul\nand why research shows that persistent cycles do not tend to be present in stock market data.
Figures 1 and 2 are charts of the stocks CSX Corp. and Cray Research (CYR). The charts cover the same\ntime period and the price and volume levels for each stock happen to be about the same. But look how\ndifferent their price action is. One tends to trend steadily, while the other is more volatile, exhibiting\nmore cyclic price swings. It would be very difficult for any single trading system to profitably trade both\nof these stocks, at least during this time period.
A stock's personality exhibits itself by virtue of its volatility, periodicity, trendiness and volume\naccumulation/distribution patterns. If we can find a way to measure a stock's personality by virtue of\nthese attributes over past data, we should be able to identify likely market turning points by projecting\nthose measurements into the immediate future, assuming the stock's personality doesn't change\nappreciably in that time."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-11-488-493-fine-tuning-oscillators-by-ed-downs-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-11-488-493-fine-tuning-oscillators-by-ed-downs-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-11-488-493-fine-tuning-oscillators-by-ed-downs-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c11-sideosc-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-11"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:11 (488-493): SIDEBAR: OSCILLATOR TRADING SYSTEMS DEFINED by Technical Analysis, Inc."",""caption-linebreaks"":""OSCILLATOR TRADING SYSTEMS DEFINED by Technical Analysis, Inc.
An oscillator is an indicator that moves back and forth between two limits. Most oscillators, such as\nstochastics, relative strength index and commodity channel index, are defined so that they range between\n0 and 100 or -100 and +100.\nUsually, an oscillator is interpreted by watching for crossovers; that is, when the indicator crosses a given\nlevel (such as 20 or 80 for stochastics), a buy or sell signal is generated. The problem with crossover\nsystems is that they are usually late — by the time the indicator penetrates the trigger level, the price has\nalready advanced 50% or more of its move."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-11-488-493-sidebar-oscillator-trading-systems-defined-by-technical-analysis-inc-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-11-488-493-sidebar-oscillator-trading-systems-defined-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-11-488-493-sidebar-oscillator-trading-systems-defined-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c11-candles-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-11"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:11 (494-497): Candlesticks As A Leading Indicator by Gary S. Wagner and Bradley L. Matheny"",""caption-linebreaks"":""Candlesticks As A Leading Indicator by Gary S. Wagner and Bradley L. Matheny
Most technical indicators are coincident with the market - that is, the indicators do not forecast market turns but only turn if the market turns. Certain candlestick formations, on the other hand, can forecast market reversals. Consequently, combining candlestick formations with traditional technical indicators such as oscillators should lead to better trading performance.
Western technical analysis encompasses many different types of mathematical calculations, but many\ncan best be described as lagging indicators. A lagging indicator can predict market moves only after a\nturning point, while a leading indicator can predict market moves before a turning point. Aside from\nFibonacci retracement theory and possibly the moving average convergence/divergence (MACD)\nindicator, to our knowledge no other leading indicators exists besides candlestick technical analysis. This\nis why traders and market technicians are so interested in candlesticks.
VENERABLE PEDIGREE
The Japanese candlestick technique interprets price movement by isolating patterns to predict future price\ntrends. It was developed nearly three centuries ago by a rice futures trader named Sokyu Honma. Using\nthe techniques that Honma developed can provide insight into markets. The trader combined many\nfactors to develop this trading technique. Over time, he developed an extensive group of patterns to\naccurately identify potential tops, bottoms, reversals and buy and sell signals. Today, Honma's work is\nbeing accepted as a technical tool for trading the markets and many traders are finding candlesticks to be a valid trading method. Here's how this type of market analysis can provide market investors with\ninsights available from candlestick charts."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-11-494-497-candlesticks-as-a-leading-indicator-by-gary-s-wagner-and-bradley-l-matheny-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-11-494-497-candlesticks-as-a-leading-indicator-by-gary-s-wagner-and-bradley-l-matheny-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-11-494-497-candlesticks-as-a-leading-indicator-by-gary-s-wagner-and-bradley-l-matheny-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c12-multipl-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-12"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:12 (501-506): Multiple-Length Stochastics by Stuart Meibuhr"",""caption-linebreaks"":""Multiple-Length Stochastics by Stuart Meibuhr
Plotting different indicators together and combining their analyses is a popular analytical method for timing trades. But how about using one indicator and varying its parameters? Stuart Meibuhr takes stochastics and varies the length of the lookback for trades of different time frames.
The popular concept \""if one is good, two are better\"" has often been used by technicians in the selection\nof indicators in the belief that combining the signals of different indicators is a more reliable strategy than\nfollowing just one. But this idea has rarely been applied to the use of multiple-length indicators, with the\nexception of perhaps multiple-length moving averages. Few other indicators have been studied for their\nvalue as multiple-length trading tools. In a recent STOCKS & COMMODITIES article, Barbara Star showed\nthat the crossover of the seven-day and the 14-day commodity channel index (CCI, short and intermediate\nterm) could serve as an early warning system forewarning of impending price reversal for live cattle. Star\nsometimes also used the 28-day CCI (long term) and even suggested that the three CCI plots be overlaid,\nwith buying or selling then occurring when all the plots turn at the same time above or below the 100\nlevel.
In contrast, Martin Pring used multiple-length rate of change (ROC) indicators on monthly and daily price\ndata for the Standard & Poor's 500 index and other markets. He showed that when three ROC plots peak\nor bottom together, significant moves occur in the S&P 500. With monthly data, he used six-, 12- and 24-month ROC curves that were smoothed by six- and nine-month moving averages. For daily data, he\nused 10-, 15- and 30-day ROC curves.
Walter Bressert, in his book The Power of Oscillator/Cycle Combinations, calculated the relative strength\nindex (RSI) indicator for different lengths using the Fibonacci series up to 21 on daily Treasury bond data.\nWhen all the RSI curves peaked above the 70 level at the same time, the T-bond price would also tend to\nmake a significant peak. A similar situation existed for lows when the RSI curves bottomed below the 30\nline."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-12-501-506-multiple-length-stochastics-by-stuart-meibuhr-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-12-501-506-multiple-length-stochastics-by-stuart-meibuhr-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-12-501-506-multiple-length-stochastics-by-stuart-meibuhr-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c12-sidesto-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-12"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:12 (501-506): SIDEBAR: CALCULATING STOCHASTICS by Technical Analysis, Inc."",""caption-linebreaks"":""CALCULATING STOCHASTICS by Technical Analysis, Inc.
Calculating %K and %D, with formulas for a spreadsheet."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-12-501-506-sidebar-calculating-stochastics-by-technical-analysis-inc-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-12-501-506-sidebar-calculating-stochastics-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-12-501-506-sidebar-calculating-stochastics-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c12-sidevid-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-12"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:12 (507-510): SIDEBAR: CALCULATING VIDYA by Technical Analysis, Inc."",""caption-linebreaks"":""CALCULATING VIDYA by Technical Analysis, Inc.
The variable index dynamic moving average (VIDYA) builds on the concept of the exponential moving\naverage (EMA). While the EMA uses a constant (alpha) to smooth today's data, the VIDYA adjusts the alpha\naccording to the data's volatility. The volatility is measured by taking the ratio of a 30-day standard\ndeviation to a reference standard deviation ."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-12-507-510-sidebar-calculating-vidya-by-technical-analysis-inc-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-12-507-510-sidebar-calculating-vidya-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-12-507-510-sidebar-calculating-vidya-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c12-smartst-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-12"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:12 (507-510): Smart Stops by Tushar S. Chande"",""caption-linebreaks"":""Smart Stops by Tushar S. Chande
Setting stops is a fine art, whether you trade one contract or a thousand. The challenge in setting stops is to participate in long moves without getting shaken out of the trade by market volatility. A variable-index dynamic average (Vidya) may be used to place trailing stops that adapt to market volatility, which combines enough sensitivity to price changes with flexibility to fit your trading needs. Using this combination, in fact, may well provide an extremely profitable stop for the intermediate-term trader.
Once a trade has been initiated, most traders will use the risk management technique of placing a stop\norder, which limits losses or captures profits. A stop order becomes a market order when trades occur at a\npredefined price, while a buy stop is placed above the current market price and a sell stop is placed below\nthe current price. A trailing stop order will be adjusted by a trader as prices change, following the market\nup or down, while a fixed-stop order will stay put. A stop order may be good for the day or be an open\norder, which may be good until canceled. A trailing stop is simply a safety valve to protect your profits or\nlimit your losses.
In practice, a trailing stop is a leaky safety valve. There is no assurance that your trade or fill will occur at\nor very close to the stop price. For example, the market may make a sharp move past your stop, thus\ntriggering it. The first trade after your stop (which may not be your intended fill) may be well past the\nstop you ordered in rapidly changing markets. Though imperfect, the trailing stop should give your trade\nsome protection in most markets."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-12-507-510-smart-stops-by-tushar-s-chande-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-12-507-510-smart-stops-by-tushar-s-chande-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-12-507-510-smart-stops-by-tushar-s-chande-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c12-gold-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-12"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:12 (511-513): Gold And The CRB Index by John J. Murphy"",""caption-linebreaks"":""Gold And The CRB Index by John J. Murphy
John Murphy, the leading proponent of intermarket analysis, closes the current circle of tradable interrelationships by examining how gold and the CRB index interact.
The gold market plays a key role in intermarket analysis. Last time, I discussed gold's tendency to trade\nin the opposite direction of the U.S. dollar. Falling U.S. interest rates, which are usually associated with a\nweak dollar, at some point begin to reawaken inflation pressures. One of the first places that inflation\nbegins to manifest itself is in a rising gold market. Because of gold's historical link to the dollar, a weak\ndollar will usually affect gold prices first. A rising gold market is an early signal that commodity prices in\ngeneral may start to strengthen, due to gold's history as a leading indicator of the CRB index at important\ntops and bottoms.
During the past 12 years, the CRB Futures Price Index of 21 commodities has seen three major turns. The\nNovember 1980 peak in the CRB index marked the end of the inflationary spiral of the 1970s. Gold hit its\nall-time high in January 1980, peaking 10 months before the CRB index. The CRB troughed in mid-1986\nand then rallied 35% during the ensuing two years. Gold hit its low point in February 1985, 16 months\nbefore the CRB index. Figure 1 shows the third major turn in the CRB index, which turned back down in\nmid-1988. Point A in Figure 1 shows that gold peaked in December 1987, leading the CRB peak by six\nmonths . Gold led those three major turns in the commodity price level with an average lead time of 10\nmonths. That being the case, gold can provide some useful clues to the inflationary threat presented by\nthe CRB index."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-12-511-513-gold-and-the-crb-index-by-john-j-murphy-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-12-511-513-gold-and-the-crb-index-by-john-j-murphy-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-12-511-513-gold-and-the-crb-index-by-john-j-murphy-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c12-contrar-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-12"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:12 (514-516): Contrarian Thought by John Blasic"",""caption-linebreaks"":""Contrarian Thought by John Blasic
As a rule of thumb, the crowd is always wrong at the top or at the bottom, but how does one gain insight into what the crowd is doing? John Blasic discusses some basics of measuring crowd psychology and using it in contrarian strategy.
Contrary thinking is an art form that should be included in every technician's arsenal. It is a single\nconcept that comprises many individual parts. Contrary analysis studies market extremes as a form of\npsychological analysis, emphasizing the principle that whenever the crowd agrees on anything, they must\nbe wrong. How can traders profit from contrary opinion? How indeed? Remember: the facts themselves\nare unimportant. It is what they are perceived to be that determines the course of events.
Whether stocks or futures or just about any other market that involves human activity is being analyzed,\ncrowd psychology becomes the dominant force behind price movement. While supply and demand affect\nprice, price is also affected by trader or investor perception. At any given time, prices will accurately\nreflect the level at which a seller is willing to part with a given object and the price that a buyer is willing\nto pay. When an imbalance occurs between these factors, a price move results."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-12-514-516-contrarian-thought-by-john-blasic-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-12-514-516-contrarian-thought-by-john-blasic-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-12-514-516-contrarian-thought-by-john-blasic-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c12-trading-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-12"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:12 (517-520): Trading The Santa Claus Rally by Michael D. Sheimo"",""caption-linebreaks"":""Trading The Santa Claus Rally by Michael D. Sheimo
'Tis the season to be jolly and make a profit. What could be finer? Michael Sheimo explores the whys and wherefores of this seasonal phenomenon.
Holiday rallies in the stock market are a fact of life. Various theories abound as to why they occur:\ninstitutional traders don't want any loose cash sitting around for a long weekend, trading houses want to\nmaintain optimism for the holiday, investors are in a buying mood, a culmination of technical influences\ncome together near holidays. The cause of a holiday rally can be as simple as institutional portfolio\nmanagers leaving work early. Upon exiting, they leave instructions that are more likely to be made up of\nbuys rather than sells.
Whatever the reason, the stock market tends to rally at holiday time and you can profit from that\nknowledge. Figure 1 shows all holiday markets going back more than three years. The holidays are\ndesignated by a vertical line rising from the baseline up to the graph line. Years are separated by\nfull-length vertical lines. Most of the holidays show a rally that starts a few days earlier than the holiday\nand frequently continues after the holiday has passed. In fact, it is difficult to find a holiday without a\nrally of some kind."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-12-517-520-trading-the-santa-claus-rally-by-michael-d-sheimo-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-12-517-520-trading-the-santa-claus-rally-by-michael-d-sheimo-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-12-517-520-trading-the-santa-claus-rally-by-michael-d-sheimo-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c12-market-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-12"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:12 (521-524): Market Turns And Continuation Moves With The Tick Index by Tim Ord"",""caption-linebreaks"":""Market Turns And Continuation Moves With The Tick Index by Tim Ord
The tick index is a little-known indicator that can be used to indicate short-term stock market reversals and provide trend confirmation. Short-term traders should consider using the tick index, for though this indicator does not always tell you a story, it can help alert you to overbought and oversold situations.\nA little over a year ago, I wrote an article in which I described a buy and sell method using the tick\nindex on the New York Stock Exchange (NYSE). The tick index is the difference between the number of\nissues trading with the last trade higher (an uptick) from the previous price and the number of issues\ntrading with the last trade lower (a downtick) from the previous price. For example, if exchange X has\n500 issues trading on an uptick and 250 issues trading on a downtick, the tick index would be 500 – 250\n= 250.
To summarize my method of using the tick index, a buy signal is generated when two intraday 600-plus\ndowntick readings are recorded at approximately the same price level on the Dow Jones Industrial\nAverage (DJIA). These 600-plus downticks should be at least one day apart but not more than 10 days\napart. If the market makes a double bottom and the tick index has reached 600 or more downticks at both\nbottoms, then the second reading of 600 or more intraday downticks is a buy signal. For a sell signal, the\nreverse is true: When the market is making a double top and the tick index readings on both tops intraday\nexceed 600, then the second reading of 600 or more upticks is the sell signal."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-12-521-524-market-turns-and-continuation-moves-with-the-tick-index-by-tim-ord-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-12-521-524-market-turns-and-continuation-moves-with-the-tick-index-by-tim-ord-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-12-521-524-market-turns-and-continuation-moves-with-the-tick-index-by-tim-ord-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c12-sidecan-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-12"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:12 (521-524): SIDEBAR: THE CANDLESTICK METHOD by Technical Analysis, Inc."",""caption-linebreaks"":""THE CANDLESTICK METHOD by Technical Analysis, Inc.
How to make a basic candlestick chart."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-12-521-524-sidebar-the-candlestick-method-by-technical-analysis-inc-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-12-521-524-sidebar-the-candlestick-method-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-12-521-524-sidebar-the-candlestick-method-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c12-appreci-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-12"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:12 (525-528): Appreciating The Risk Of Ruin by Nauzer J. Balsara"",""caption-linebreaks"":""Appreciating The Risk Of Ruin by Nauzer J. Balsara
Traders focus on developing trading rules and systems that identify market entry and exit points. A factor that is often overlooked is the percentage of trading capital available that is risked on trades. This article analyzes the risk of ruin by varying three parameters using a Monte Carlo simulation. The results can help you determine your chances of success.
A trader is said to be ruined if his or her available capital falls below the minimum required to trade.\nThe risk of ruin is a probability estimate ranging between zero and 1. A probability estimate of 0 suggests\nthat ruin is impossible, whereas an estimate of 1 implies that ruin is assured. The risk of ruin is a function\nof:
• The probability of success
• The payoff ratio, or the ratio of the average win to the average loss on completed trades
• The fraction of capital exposed to trading.
In its most elementary form, the formula for computing the risk of ruin as defined by statistician William\nFeller makes two simplifying assumptions: that the payoff ratio is 1 and that the entire capital in the\naccount is risked to trading."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-12-525-528-appreciating-the-risk-of-ruin-by-nauzer-j-balsara-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-12-525-528-appreciating-the-risk-of-ruin-by-nauzer-j-balsara-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-12-525-528-appreciating-the-risk-of-ruin-by-nauzer-j-balsara-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c12-bondyld-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-12"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:12 (529-531): Bond Yield Diagnosis by John Kean"",""caption-linebreaks"":""Bond Yield Diagnosis by John Kean
Inflation is usually the first choice for analyzing the forces driving the direction of bond yields, but systems analyst John Kean illustrates that charting government borrowing can help determine the trend of interest rates.
Bond yields are one financial factor that stands out from the rest in importance. They are a critical item\nin economic growth, have a particularly strong influence on stock prices and foreign exchange rates and\nare often used as a metaphor for a country's overall economic and political health. Although bond yields\nare acknowledged to be important, they are also considered to be hard to explain and even harder to\npredict. Breaking bond yields down into component parts can help us understand them. Of the factors\noften mentioned in connection with bond yields, three of the most substantial should be examined in\ndetail: inflation, economic activity and government borrowing.
INFLATION, ECONOMICS, BORROWING
Inflation is most often cited in connection with long-term interest rates. Superficially, this makes good\nsense. In reality, however, the last 80 years have seen prolonged and sharp departures between U.S. bond\nyields and inflation rates, and in the last few years, the U.S. has been in one of the more pronounced\ndivergences. As Figure 1 shows, inflation has offered only limited explanation, much less prediction, for\nbond rates over the last 24 years. Number-crunching reveals that highest-grade U.S. bond real yields (that\nis, yield minus inflation) averaged only 0.81% from 1914 through 1982 and 1.05% from l950 through\n1982. During the 1980s, average real Treasury bond yields expanded to 5.5% from 1983 on, a huge\nincrease. Clearly, culprits other than inflation are at work in determining bond rates."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-12-529-531-bond-yield-diagnosis-by-john-kean-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-12-529-531-bond-yield-diagnosis-by-john-kean-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-12-529-531-bond-yield-diagnosis-by-john-kean-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c12-aspread-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-12"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:12 (532-536): A Spreadsheet For Time Ratio Analysis by Robert Miner"",""caption-linebreaks"":""A Spreadsheet For Time Ratio Analysis by Robert Miner
Traders using ratio of time cycle analysis will find this spreadsheet version of determining target dates of possible cycle highs or lows helpful. The author discusses the use of projected target dates, along with an example of a trade.
As W. D. Gann described more than 70 years ago, markets make swing highs or lows in proportion\n(relation) to past market cycles. My March 1991 STOCKS & COMMODITIES article, \""Time as a trading tool,\""\ndescribed the theory and methodology of projecting proportions of past cycles forward in time to deter\nnine future dates with the greatest probability of change in trend. Past cycles are proportioned by the most\nimportant geometric ratios, and these proportions of past cycles are in turn projected forward. Future\nchanges in trend should coincide with clusters of target dates from proportions of past cycles. Any\nspreadsheet program, as I will demonstrate, can project the future dates.
Proportioning and projecting forward dates with a spreadsheet program is as easy as dividing a price\ncycle for retracements or projections. A time projection spreadsheet will simply treat the values as dates\ninstead of prices. A time projection spreadsheet proportions various past cycles and projects the future\ndates of the proportioned past cycles."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-12-532-536-a-spreadsheet-for-time-ratio-analysis-by-robert-miner-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-12-532-536-a-spreadsheet-for-time-ratio-analysis-by-robert-miner-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-12-532-536-a-spreadsheet-for-time-ratio-analysis-by-robert-miner-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c12-looking-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-12"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:12 (537-540): Looking At Momentum With TRIX by Ed Downs"",""caption-linebreaks"":""Looking At Momentum With TRIX by Ed Downs
The TRIX oscillator has unique properties that make it ideal for identifying direction of trend as well as cyclical entry points. Last month, Ed Downs showed us how various oscillators can be tuned to the personality of an individual stock through optimization. This month, he'll explain the use of a derivative technique using the TRIX oscillator.
If you smooth an exponential moving average (EMA) I of the closing price twice (taking the EMA of the\nEMA of the EMA) and then plot the percentage change per period on the y-axis, you'll have one version of\nthe TRIX. The original TRIX is the one-day difference of the triple exponentially smoothed log of the\nclosing prices. This value is then multiplied by 10,000 to aid in plotting the line. The two different\nmethods will plot virtually identical curves."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-12-537-540-looking-at-momentum-with-trix-by-ed-downs-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-12-537-540-looking-at-momentum-with-trix-by-ed-downs-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-12-537-540-looking-at-momentum-with-trix-by-ed-downs-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c12-sidetri-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-12"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:12 (537-540): SIDEBAR: TRIX MOMENTUM IN METASTOCK by Technical Analysis, Inc."",""caption-linebreaks"":""TRIX MOMENTUM IN METASTOCK by Technical Analysis, Inc.
TRIX momentum in MetaStock."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-12-537-540-sidebar-trix-momentum-in-metastock-by-technical-analysis-inc-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-12-537-540-sidebar-trix-momentum-in-metastock-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-12-537-540-sidebar-trix-momentum-in-metastock-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c12-onindex-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-12"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:12 (541-543): On Index Funds by Stephen Littauer"",""caption-linebreaks"":""On Index Funds by Stephen Littauer
Do mutual funds underperform the market? Statistics would indicate so. Index funds may better suit investor needs.
Most mutual funds underperform the market. Over the past 10 years, CDA/Wiesenberger Mutual\nFunds Update reports that 356 mutual funds with an investment objective of long-term growth had an\naverage annual return of 15.8%. The equivalent annual return for the Standard & Poor's 500 index during\nthe same period was 19.1%. Was the difference of 3.3% a fluke or statistical error? Let's look at figures\nfrom additional sources.
Morningstar Mutual Funds service reports that over the same 10-year period, 534 U.S. diversified equity\nmutual funds had an average annualized total return of 15.95%, compared with 19.1% for the S&P 500\nand 18.2% for the Wilshire 5000 index, which is a measure of the total U.S . stock market. Returns for\nthe one-, three- and five-year time frames also trailed both indices. In fact, according to the Vanguard\nGroup, one of the largest mutual fund managers in the U.S., the S&P 500 outperformed 76% of all\ngeneral equity mutual funds over the past five years as of March 31,1992."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-12-541-543-on-index-funds-by-stephen-littauer-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-12-541-543-on-index-funds-by-stephen-littauer-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-12-541-543-on-index-funds-by-stephen-littauer-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c12-talking-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-12"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:12 (544-548): Talking With \""Turtle\"" Russell Sands by Thom Hartle"",""caption-linebreaks"":""Talking With \""Turtle\"" Russell Sands by Thom Hartle
We talked with \""turtle\"" Russell Sands about the importance of risk management, following the trend and understanding crowd behavior.
How did you end up becoming one of the turtles?
Believe it or not, I was reading the help-wanted section in The New York Times and I saw this ad. I don't\nthink it was very specific at all. It just said \""prominent Chicago trading firm looking for people that they\ncan train in their methods\"" and went on to say that they were willing to train and bankroll you. So I sent\nin a resume and they sent back this question and answer test. I understand they got about 1,500 or 2,000\nresumes, and they asked about 50 people to come to Chicago for interviews. I don't know why I was\nchosen, because I didn't do so well on the tests—like I said, I didn't know a lot—and so I got a lot of the\ntest questions wrong.
So how did you manage?
Well, when I went out to Chicago for the interview, the three partners interviewed me and we talked\nabout the commodities market for about five minutes or so, which exhausted my knowledge. Then we\ntalked about backgammon and probabilities for about half an hour. We talked a lot about probabilities in\nblackjack and backgammon, and they said it was the same thing in commodities trading. I guess they thought that the combination of my MBA, education and my backgammon and blackjack successes was\nwhat they were looking for, with some mathematical aptitude, games playing type-oriented people. I fit\nthe profile.
How long did you stay with the firm?
About a year, from the end of 1983 to the end of 1984. They taught us in a classroom for a couple of\nweeks; he and a couple of his partners lectured about their trading methods, a lot of chart patterns,\ntechnical analysis, money management concepts. After about two weeks of classroom instruction, they\nput about a million dollars in each of our accounts, turned us loose and said, \""Okay, go trade.\"" For the\nfirst two weeks or so, we were only trading single lots just so we could get the mechanics down. Then\nthey said, \""Okay, trade full speed.\"" And that's how I learned about trading."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-12-544-548-talking-with-turtle-russell-sands-by-thom-hartle-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-12-544-548-talking-with-turtle-russell-sands-by-thom-hartle-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-12-544-548-talking-with-turtle-russell-sands-by-thom-hartle-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c13-q583-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-13"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:13 : Quick-Scans on 3d (John Ehlers) by Technical Analysis, Inc."",""caption-linebreaks"":""Quick-Scans on 3d (John Ehlers) by Technical Analysis, Inc.
3D\nJohn Ehlers\nMESA\nBox 1801\nGoleta, CA 93116\n(805) 969-6478\n(800) 633-6372\nProduct: System-testing program with three-dimensional results display.\nEquipment: IBM-PC compatibles with Dos 3.1 or better, one floppy, 640K RAM, CGA/EGA/VGA\ncolor graphics. Graphics printer and math coprocessors are very desirable.\nPrice: $199; demo disk available."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-quick-scans-on-3d-john-ehlers-by-technical-analysis-inc-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-quick-scans-on-3d-john-ehlers-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-quick-scans-on-3d-john-ehlers-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c13-q561-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-13"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:13 : Quick-Scans on Book: Agricultural Marketing (Aleris Consulting Inc.) by Technical Analysis, Inc."",""caption-linebreaks"":""Quick-Scans on Book: Agricultural Marketing (Aleris Consulting Inc.) by Technical Analysis, Inc.
AGRICULTURAL MARKETING\nA Business Manual Using Futures and Options as Marketing Tools\nHistory of Major Grains 1970-1991\nAleris Consulting Inc.\n3682 West l5th Ave.\nVancouver, BC Canada V6R 2Z5\n(604) 222-2585\nAuthor: Henry J. Van Kessel\n272 pages, US$72,1992"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-quick-scans-on-book-agricultural-marketing-aleris-consulting-inc-by-technical-analysis-inc-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-quick-scans-on-book-agricultural-marketing-aleris-consulting-inc-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-quick-scans-on-book-agricultural-marketing-aleris-consulting-inc-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c13-q564-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-13"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:13 : Quick-Scans on Book: Money Management Strategies for Futures Traders (John Wiley & Sons) by Technical Analysis, Inc."",""caption-linebreaks"":""Quick-Scans on Book: Money Management Strategies for Futures Traders (John Wiley & Sons) by Technical Analysis, Inc.
THE ALL-SEASON INVESTOR\nSuccessful Strategies for Every Stage in the Business Cycle\nJohn Wiley & Sons, publisher\nAlso available through\nInternational Institute for\nTechnical Research\nP.O. Box 329, Blackville Rd.\nWashington Depot, CT 06794\n(800) 221-7514\nAuthor: Martin J. Pring\nPublished 1992, 337 pages, $29.95"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-quick-scans-on-book-money-management-strategies-for-futures-traders-john-wiley-sons-by-technical-analysis-inc-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-quick-scans-on-book-money-management-strategies-for-futures-traders-john-wiley-sons-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-quick-scans-on-book-money-management-strategies-for-futures-traders-john-wiley-sons-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c13-q570a-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-13"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:13 : Quick-Scans on Book: Relative Dividend Yield (John Wiley & Sons) by Technical Analysis, Inc."",""caption-linebreaks"":""Quick-Scans on Book: Relative Dividend Yield (John Wiley & Sons) by Technical Analysis, Inc.
MONEY MANAGEMENT STRATEGIES FOR FUTURES TRADERS\nJohn Wiley & Sons, Inc.\n605 Third Avenue\nNew York, NY 10158-0012\nOrder Phone: (800) 982-BOOK\nAuthor: Nauzer J. Balsara\n267 pages, $45,1992\nJohn Wiley Finance Edition"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-quick-scans-on-book-relative-dividend-yield-john-wiley-sons-by-technical-analysis-inc-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-quick-scans-on-book-relative-dividend-yield-john-wiley-sons-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-quick-scans-on-book-relative-dividend-yield-john-wiley-sons-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c13-q560-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-13"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:13 : Quick-Scans on Book: The New Financial Instruments by Technical Analysis, Inc."",""caption-linebreaks"":""Quick-Scans on Book: The New Financial Instruments by Technical Analysis, Inc.
THE NEW FINANCIAL INSTRUMENTS\nJohn Wiley & Sons\n605 Third Avenue\nNew York, NY 10158\n(212) 850-6497\nAuthor: Julian Walmsley\nPublished 1988,454 pages, $35.00"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-quick-scans-on-book-the-new-financial-instruments-by-technical-analysis-inc-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-quick-scans-on-book-the-new-financial-instruments-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-quick-scans-on-book-the-new-financial-instruments-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c13-q557-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-13"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:13 : Quick-Scans on Chaos and Order in the Capital Markets by Technical Analysis, Inc."",""caption-linebreaks"":""Quick-Scans on Chaos and Order in the Capital Mark by Technical Analysis, Inc.
Chaos and Order in the Capital Markets
A New View of Cycles, Prices and Market Volatility\nJohn Wiley & Sons\n605 Third Avenue\nNew York, NY 10158-0012\nOrder Phone: (800) 982-BOOK\nAuthor: Edgar E. Peters\nPrice: $45.00\n1991, 240 pages\nJohn Wiley Finance Edition"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-quick-scans-on-chaos-and-order-in-the-capital-markets-by-technical-analysis-inc-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-quick-scans-on-chaos-and-order-in-the-capital-markets-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-quick-scans-on-chaos-and-order-in-the-capital-markets-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c13-q579-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-13"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:13 : Quick-Scans on Director system testing (Nirvana Systems) by Technical Analysis, Inc."",""caption-linebreaks"":""Quick-Scans on Director system testing (Nirvana Systems) by Technical Analysis, Inc.
THE DIRECTOR\nWHATWORKS, AUTOSTOCK, SYSTEMS!\nNirvana Systems, Inc.\n3415 Greysíone Drive, Suite 205\nAustin, TX 78731\nPhone: (800) 880-0338, (512) 345-2545\nProduct: Trading system testing and signal generation using MetaStock Professional. Includes 40\nindicator-based trading systems.\nPrice data: MetaStock data files Fundamental data: N/A\nPrice: AutoStock3, version 1.0, $49\nWhatWorks3, version 1.0, $79\nSystems!, version 1.0, $49\nThe Director, version 1.7, free\nAutoStock3 & WhatWorks3, $89\nAutoStock3, WhatWorks3,\nSystems!, $99\nMetaStock Professional with all three, $390\nRequired equipment: 286 CPU or better, 650K of extended memory and DOS 3.0 or higher. For\nreasonable processing times, a 386 with a coprocessor and a hard disk with 2+ megabytes (MB) of free\nspace is better."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-quick-scans-on-director-system-testing-nirvana-systems-by-technical-analysis-inc-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-quick-scans-on-director-system-testing-nirvana-systems-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-quick-scans-on-director-system-testing-nirvana-systems-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c13-q585-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-13"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:13 : Quick-Scans on DTN Wall Street datafeed (Data Transmission Network Corp.) by Technical Analysis, Inc."",""caption-linebreaks"":""Quick-Scans on DTN Wall Street datafeed (Data Transmission Network Corp.) by Technical Analysis, Inc.
DTN WALL STREET\nData Transmission Network Corp.\n9110 West Dodge Road Ste 200\nOmaha, NE 68114\nPhone: (800) 475-4755\nProduct: Delayed datafeed for stocks, futures and news\nPrice: $37.95 per month"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-quick-scans-on-dtn-wall-street-datafeed-data-transmission-network-corp-by-technical-analysis-inc-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-quick-scans-on-dtn-wall-street-datafeed-data-transmission-network-corp-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-quick-scans-on-dtn-wall-street-datafeed-data-transmission-network-corp-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c13-q575-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-13"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:13 : Quick-Scans on Eurodollar Futures and Options (Burghardt) by Technical Analysis, Inc."",""caption-linebreaks"":""Quick-Scans on Eurodollar Futures and Options (Burghardt) by Technical Analysis, Inc.
EURODOLLAR FUTURES AND OPTIONS\nControlling Money Market Risk\nProbus Publishing Co., 1925 N.\nClybourn Street, Chicago, IL 60614,\n(800) 776-2871, (312) 868-1100\nAuthors: Burghardt, Belton, Lane,\nLuce, McVey\nPublished 1991,500 pages\n$60.00 plus $3.50 for postage and handling"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-quick-scans-on-eurodollar-futures-and-options-burghardt-by-technical-analysis-inc-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-quick-scans-on-eurodollar-futures-and-options-burghardt-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-quick-scans-on-eurodollar-futures-and-options-burghardt-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c13-q562-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-13"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:13 : Quick-Scans on Global Portfolios (Aliber/Bruce) by Technical Analysis, Inc."",""caption-linebreaks"":""Quick-Scans on Global Portfolios (Aliber/Bruce) by Technical Analysis, Inc.
THE JAPANESE CHART OF CHARTS\nTokyo Futures Trading Publishing Co U.S. distributors: Probus Publishing, Windsor Books\nP.O. Box 280\nBrightwaters, NY 11718\nAuthor: Seiki Shimizu, translated by Gregory S. Nicholson\nPrice: $50\n210 pages, 1986"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-quick-scans-on-global-portfolios-aliber-bruce-by-technical-analysis-inc-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-quick-scans-on-global-portfolios-aliber-bruce-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-quick-scans-on-global-portfolios-aliber-bruce-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c13-q577-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-13"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:13 : Quick-Scans on Market Base, v. 3.24 (MP Software Inc.) by Technical Analysis, Inc."",""caption-linebreaks"":""Quick-Scans on Market Base, v. 3.24 (MP Software Inc.) by Technical Analysis, Inc.
MARKETBASE\nVersion 3.24\nMarketBase, Inc. (formerly MP Software, Inc.)\n368 Hillside Avenue\nP.O. Box 37\nNeedham Heights, MA 02194\nPhone: (800) 735-0700, (617)449-8460\nProduct: Fundamental database of NASDAQ-NMS, AMEX and NYSE stocks together with analysis and\nscreening software.\nPrice: $59, introduction package\nEquipment: IBM-PC AT, XT or higher; 256K RAM, hard drive\nData: $345 per year for quarterly data, $695 per year for monthly data, $2,300 per year for weekly\ndata. Additional options available."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-quick-scans-on-market-base-v-3-24-mp-software-inc-by-technical-analysis-inc-21.gif"",""height"":""261"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-quick-scans-on-market-base-v-3-24-mp-software-inc-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-quick-scans-on-market-base-v-3-24-mp-software-inc-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c13-q592-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-13"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:13 : Quick-Scans on Market Master (Ingenious Technologies Corp.) by Technical Analysis, Inc."",""caption-linebreaks"":""Quick-Scans on Market Master (Ingenious Technologies Corp.) by Technical Analysis, Inc.
MARKET MASTER VERSION 4.5\nIngenious Technologies Corp.\n556 Roxbury Avenue NW\nMassillon, OH 44646-3281\n(216) 477-9900 or (800) 776-6488\nProduct: Price direction and target forecaster of stocks, commodities and indices\nPrice: $349 to $795, depending on the version ordered for use with daily data; $1,595 for the intraday\ntrading version; $49 for a fully operational trial version that works with daily data.\nRequirements: IBM PC or compatible with a minimum of 512K RAM, 950K of hard-drive space and\nMs or PC DOS 2.0 or higher. CGA/EGA/VGA monitor. Printers compatible with Epson FX or MX, IBM\nProprinter or Hewlett Packard Laserjet.\nDiscount: To readers who mention this Quick-Scan, Ingenious Technologies has offered to discount\nthe retail price of any version ordered (except the trial version)."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-quick-scans-on-market-master-ingenious-technologies-corp-by-technical-analysis-inc-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-quick-scans-on-market-master-ingenious-technologies-corp-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-quick-scans-on-market-master-ingenious-technologies-corp-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c13-q588-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-13"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:13 : Quick-Scans on ProSearch version 2.0 (Telescan Inc.) by Technical Analysis, Inc."",""caption-linebreaks"":""Quick-Scans on ProSearch version 2.0 (Telescan Inc.) by Technical Analysis, Inc.
PROSEARCH VERSION 2.0\nTelescan, Inc.\n10550 Richmond Suite 250\nHouston, TX 77042\n(800) 324-8246\nProduct: Stock research software\nEquipment required: IBM PC and compatibles with 512K memory minimum. System: MS-DOS\nversion 2.1 or higher. Monitor: Hercules monochrome graphics, EGA or VGA. Modem: 1200 baud or\nhigher Hayes Smartmodem or compatible. Also requires Telescan 2.5 or higher.\nPrice: ProSearch alone, $295; with Telescan Analyzer, $395. (These products have not been sold\nseparately in the past two years.)"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-quick-scans-on-prosearch-version-2-0-telescan-inc-by-technical-analysis-inc-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-quick-scans-on-prosearch-version-2-0-telescan-inc-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-quick-scans-on-prosearch-version-2-0-telescan-inc-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c13-q571-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-13"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:13 : Quick-Scans on Relevance III (Relevance III Inc.) by Techncial Analysis, Inc."",""caption-linebreaks"":""Quick-Scans on Relevance III (Relevance III Inc.) by Techncial Analysis, Inc.
THE NEW STOCK MARKET\nA Complete Guide to the Latest Research, Analysis and Performance\nProbus Publishing\n1925 N. Clybourn St.\nChicago, IL 60614\n(800) PROBUS-1\nAuthors: Diana R. Harrington, Frank J. Fabozzi and H. Russell Fogler\nPublished 1990, 360 pages, $37.50"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-quick-scans-on-relevance-iii-relevance-iii-inc-by-techncial-analysis-inc-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-quick-scans-on-relevance-iii-relevance-iii-inc-by-techncial-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-quick-scans-on-relevance-iii-relevance-iii-inc-by-techncial-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c13-q587-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-13"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:13 : Quick-Scans on Signal 3.0 with SignalReports (Data Broadcasting Corp.) by Technical Analysis, Inc."",""caption-linebreaks"":""Quick-Scans on Signal 3.0 with SignalReports (Data Broadcasting Corp.) by Technical Analysis, Inc.
SIGNAL 3.0 WITH SIGNALREPORTS\nData Broadcasting Corp.\n1900 South Norfolk Street\nSan Mateo, CA 94403-0979\nPhone: (415) 571-1800, (800) 892-1697\nProduct: Real-time and end-of-day price quotes and news\nPrice: SignalPlus FM or cable receiver, $695; activation fee, $125; basic monthly subscription, $180.\nPlus, additional subscription and exchange fees.\nRequired equipment: IBM Pc, XT, AT, Portable or Ps/2 or 100% compatible, hard disk, 640K\nRAM, communications serial port, Dos 3.3 or later. Data may be obtained via FM (radio), cable (Tv)\nor satellite antenna reception."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-quick-scans-on-signal-3-0-with-signalreports-data-broadcasting-corp-by-technical-analysis-inc-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-quick-scans-on-signal-3-0-with-signalreports-data-broadcasting-corp-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-quick-scans-on-signal-3-0-with-signalreports-data-broadcasting-corp-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c13-q570b-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-13"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:13 : Quick-Scans on Staying with DOS (Gookin) by Technical Analysis, Inc."",""caption-linebreaks"":""Quick-Scans on Staying with DOS (Gookin) by Technical Analysis, Inc.
JAPANESE STOCKS\nMake Money on the Tokyo Stock Exchange\nKodansha International Ltd.\n114 Fifth Avenue\n18th floor\nNew York, NY 10011\n(212) 727-6460\nAuthor: Toru Matsumoto\nPrice: $12.95\n216 pages, 1989; update published by\nTAB Books,1990"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-quick-scans-on-staying-with-dos-gookin-by-technical-analysis-inc-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-quick-scans-on-staying-with-dos-gookin-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-quick-scans-on-staying-with-dos-gookin-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c13-q558-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-13"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:13 : Quick-Scans on Stock Market Logic (Dearborn Financial Publishing) by Technical Analysis, Inc."",""caption-linebreaks"":""Quick-Scans on Stock Market Logic (Dearborn Financial Publishing) by Technical Analysis, Inc.
STOCK MARKET LOGIC\nA sophisticated approach to profits on Wall Street\nDearborn Financial Publishing, Inc.\n520 North Dearborn Street\nChicago, IL 60610-4354\n(312) 836-4400\nAuthor: Norman G. Fosback\nPrice: $30.00\n384 pages, 1991 (19th printing)"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-quick-scans-on-stock-market-logic-dearborn-financial-publishing-by-technical-analysis-inc-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-quick-scans-on-stock-market-logic-dearborn-financial-publishing-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-quick-scans-on-stock-market-logic-dearborn-financial-publishing-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c13-q572-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-13"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:13 : Quick-Scans on Technical Traders Guide to Computer Analysis of the Futures Market by Technical Analysis, Inc."",""caption-linebreaks"":""Quick-Scans on Technical Traders Guide to Computer Analysis of the Futures Market by Technical Analysis, Inc.
TECHNICAL TRADERS GUIDE TO COMPUTER ANALYSIS OF THE FUTURES MARKET\nBusiness One Irwin\n1818 Ridge Road\nHome Road, IL 60430\n(800) 841-8000\nAuthors: Charles Le Beau and David W. Lucas\n234 pages, $65, 1992"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-quick-scans-on-technical-traders-guide-to-computer-analysis-of-the-futures-market-by-technical-analysis-inc-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-quick-scans-on-technical-traders-guide-to-computer-analysis-of-the-futures-market-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-quick-scans-on-technical-traders-guide-to-computer-analysis-of-the-futures-market-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c13-q573a-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-13"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:13 : Quick-Scans on The 100 Best Stocks to Own in America (Waldon) by Technical Analysis, Inc."",""caption-linebreaks"":""Quick-Scans on The 100 Best Stocks to Own in America (Waldon) by Technical Analysis, Inc.
100 BEST STOCKS TO OWN IN AMERICA\nDearborn Trade Publishing\n520 North Dearborn Street\nChicago, IL 60601-4354\n(312) 836-4400\nAuthor: Gene Walden\nPrice: $22.95\nSecond edition, 1991, 393 pages"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-quick-scans-on-the-100-best-stocks-to-own-in-america-waldon-by-technical-analysis-inc-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-quick-scans-on-the-100-best-stocks-to-own-in-america-waldon-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-quick-scans-on-the-100-best-stocks-to-own-in-america-waldon-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c13-q559-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-13"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:13 : Quick-Scans on The Volatility Handbook (Robert Krause) by Technical Analysis, Inc."",""caption-linebreaks"":""Quick-Scans on The Volatility Handbook (Robert Krause) by Technical Analysis, Inc.
THE VOLATILITY HANDBOOK\nCharts of Volatility Zones for the Advanced Options Trader\nRobert P. Krause\nBox 873\nChicago, IL 60690\n(312) 772-5734\nAuthor: Robert P. Krause\nPublished 1992,75 pages, $79"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-quick-scans-on-the-volatility-handbook-robert-krause-by-technical-analysis-inc-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-quick-scans-on-the-volatility-handbook-robert-krause-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-quick-scans-on-the-volatility-handbook-robert-krause-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c13-q591-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-13"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:13 : Quick-Scans on Universal system (Futures Truth Co.) by Technical Analysis, Inc."",""caption-linebreaks"":""Quick-Scans on Universal system (Futures Truth Co.) by Technical Analysis, Inc.
UNIVERSAL\nA Simple System for Trading All Markets\nFutures Truth Company\n815 Hillside Road\nHendersonville, NC 28739\n(704) 697-0273\nProduct: Fully disclosed technical trading system\nPrice: $1,900 or $2,250 with software. For PC version: any IBM-compatible PC,640K of memory,\ngraphics CGA or higher."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-quick-scans-on-universal-system-futures-truth-co-by-technical-analysis-inc-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-quick-scans-on-universal-system-futures-truth-co-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-13-quick-scans-on-universal-system-futures-truth-co-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c14-cssstat-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-14"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:14 (595-598): CSS: statistica by Hugh Stokely"",""caption-linebreaks"":""Omega TradeStation, v. 2 (Omega Research Inc.)
Sophisticated quantitative analysis has always held its fascination for technical analysts and economists. It ranks with Fed watching and chart reading on the growing, overlapping list between those professions. Both require judgment about what'schanged and what has not in the cause and-effect patterns of the markets. In both, judgments need to be validated with proven statistical methods. It's better to learn what's wrong with your trading rule from your computer than from the marketplace."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-14-595-598-css-statistica-by-hugh-stokely-21.gif"",""height"":""261"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-14-595-598-css-statistica-by-hugh-stokely-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-14-595-598-css-statistica-by-hugh-stokely-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c14-minitab-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-14"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:14 (606-610): MINITAB Release 8 for the Mac by John Sweeney"",""caption-linebreaks"":""MINITAB Release 8 for the Mac by John Sweeney
Anyone who's suffered through statistics classes in college or graduate school can remember MINITAB\nas a frightfully congested pile of opaque subroutines whose sole virtue was the awe that the reams of\noutput inspired in our professors. We were, it seemed, graded by weight and I, for one, never failed to\ninclude a boxload of green-striped, full- sized computer paper with all my submissions.
Thankfully, all that is now past and I’ve been handed a shiny new Mac version of MINITAB. Can anything make\nstatistical analysis fun and games? Actually, yes, MINITAB on the Mac can be fun. Not that MINITAB 8.01 doesn’t have some minor blemishes, but it’s now a\ngreat tool for exploration as though you had the helping hand of a senior statistician, a guy who’ll do all the nitty-gritty number mashing.
It seems to take a jump in mindset for traders to think statistically. It’s not normal — or maybe it’s just not easy — for people to think in probabilistic terms. We’d like to have certainty, not “most of the time this and some of the time that” or worse, “a range of outcomes\nfrom here to there and you don’t know where any one result will be.”"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-14-606-610-minitab-release-8-for-the-mac-by-john-sweeney-21.gif"",""height"":""261"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-14-606-610-minitab-release-8-for-the-mac-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-14-606-610-minitab-release-8-for-the-mac-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c14-dollarl-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-14"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:14 (611-614): DollarLink Version S4.2D by John Sweeney"",""caption-linebreaks"":""DollarLink Version S4.2D by John Sweeney
Ever since STOCKS & COMMODITIES signed up with Signal and vowed to review everything we had using Signal data, we've been falling behind. They're adding stuff faster than we can review. Plus, I found\nmyself jaded with the online mode. Having abandoned it personally years ago, I rediscovered some of\nmy antipathy to unending datastreams as I waded through different packages, liking some and disliking\nmany.
I approached DollarLink with a little more optimism, having heard through the grapevine favorable\ncomments and enjoying talking to the real people who own and run the company. Far from being a\nmegacorporation with hundreds of overpaid programmers stepping on each others' code, DollarLink is a throwback to just a decade ago when one or two guys would hack together something exciting. Looks like it's still possible."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-14-611-614-dollarlink-version-s4-2d-by-john-sweeney-21.gif"",""height"":""261"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-14-611-614-dollarlink-version-s4-2d-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-14-611-614-dollarlink-version-s4-2d-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c14-metastk-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-14"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:14 (615-619): MetaStock Professional 3.0 by Jack Karczewski"",""caption-linebreaks"":""MetaStock Professional 3.0 by Jack Karczewski
MetaStock Professional is one of the originals in the industry, something you can depend on. But the\nlast time STOCKS & COMMODITIES reviewed it (July 1988), the reviewer mentioned how complicated the\ninstallation process was . Well, not any more. It's now a breeze! About all a user needs to do now is put\nthe disks in at appropriate intervals when prompted. Especially since I've used versions 2.0 and 2.5, the\ninstallation process for this version was straightforward."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-14-615-619-metastock-professional-3-0-by-jack-karczewski-21.gif"",""height"":""261"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-14-615-619-metastock-professional-3-0-by-jack-karczewski-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-14-615-619-metastock-professional-3-0-by-jack-karczewski-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c14-optionv-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-14"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:14 (620-625): OptionVue IV by John Sweeney"",""caption-linebreaks"":""OptionVue IV by John Sweeney
Initially reviewed OptionVue in 1988 and rated it the Cadillac of the retail options programs. It's now in\nversion 1.28 (does that mean 28 updates?) and there's nothing to indicate it's ready to give up its lead.
I recently sought out the program for review again because I had heard that it now had a real-time (via\nSignal) capability that I wanted to see in action. The version I had looked at before required a daily input\nof recent underlying prices, which was tedious. Were things easier in the new version? I had to look.
BIG-TIME HELP\nOpVue does a ton of work for you. It\nkeeps track of all the options specifications.\nIt figures all the expiration dates\nand calculates the number of days to\nexpiration. It figures margin requirements\nfor you. It generates the codes to\nsend to the Signal receiver for quotes.\nAs options expire, the program automatically\ndeletes them and adds a new\nexpiration month following the pattern\nyou’ve set up. It evaluates — literally\n— every conceivable strategy at once\nand pops up a list of the best risk/return\ncombinations based on your forecast of\nthe underlying price movement and your\npersonal emphasis on risk or return as\nthe primary considerations, as well as\nthe amount of money you want to sink\ninto the proposed position."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-14-620-625-optionvue-iv-by-john-sweeney-21.gif"",""height"":""261"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-14-620-625-optionvue-iv-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-14-620-625-optionvue-iv-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c14-quotema-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-14"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:14 (625-628): QuoteMaster Pro 1.63 by John Sweeney"",""caption-linebreaks"":""QuoteMaster Pro 1.63 by John Sweeney
Macintosh users have been blessed of late with more and more packages of software that take\nadvantage of the Mac's high-resolution screens, easy use and superb memory management. Nearly every\nanalytical function can now be performed on your Mac, and Strategic Planning Systems has made second-tosecond quote monitoring easy. Here at STOCKS & COMMODITIES, we installed QuoteMaster 1.6 with the idea that it would be a convenient accessory to keep us up to date during the day. We had previously reviewed and used many of the systems that can access Signal on DOS machines, packages that came with every imaginable bell and whistle. Surprise! QuoteMaster 1.6 turned out to be one of those handy items that ends up\nbeing a constant favorite.
QuoteMaster Pro will truly run in the background. Given the superiority of MultiFinder or System 7 on the Mac,\nthis wasn’t an unheard-of achievement, but it is nice. Background applications I’d used on the DOS machines generally had some problems, though they are getting fewer. Given that you buy the memory to dedicate to QuoteMaster Pro to leave your computer on, you’re going to have full charting and analytics instantly available while using your machine for workaday tasks."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-14-625-628-quotemaster-pro-1-63-by-john-sweeney-21.gif"",""height"":""261"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-14-625-628-quotemaster-pro-1-63-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-14-625-628-quotemaster-pro-1-63-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c14-equaliz-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-14"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:14 (629-630): The Equalizer 2.3 by John Sweeney"",""caption-linebreaks"":""The Equalizer 2.3 by John Sweeney
As a rule, editors are all for surprising you (pleasantly or not), so I felt my usual dutiful amazement when STOCKS & COMMODITIES honcho Thom Hartle laid The Equalizer on me. Being a futures trader, all\nI knew about Charles Schwab came from their ads in the financial press — \""retail oriented,\"" \""stock\noriented,\"" \""affordable\"" (that is, cheap), \""computer-submitted trades\"" — since they don't deal in futures. I didn't anticipate a jolly time wading through everything in the 2.5-inch box planted squarely in the\nmiddle of my desk, especially to trade stocks, bonds, mutual funds or stock options.
Well, you're never too old to learn. There is, it turns out, a pleasant, easy way to get information, enter trades and monitor your portfolio, and it's The Equalizer."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-14-629-630-the-equalizer-2-3-by-john-sweeney-21.gif"",""height"":""261"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-14-629-630-the-equalizer-2-3-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-14-629-630-the-equalizer-2-3-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c14-market-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-14"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:14 (640-643): Market Center 4.0 by Technical Analysis, Inc."",""caption-linebreaks"":""Market Center 4.0 by Technical Analysis, Inc.
BONNEVILLE MARKET INFORMATION\n19 West South Temple\nSalt Lake City, UT 84101\nPhone: (800) 255-7374, (801) 532-3400\nProduct: 19,200 baud real-time futures and stock quotes, delayed futures and end-of-day stock quotes.\nPrice: Setup, satellite dish, receiver, controller, $597; FM reception setup and equipment, $397;\ndatafeed starting at $197 per month for stocks or commodities. Exchange fees are extra and may be\nthe bulk of your costs.\nRequired equipment: Futures: PC-XT or better with 640K RAM, CGA or monochrome display, RS232\nserial port. Futures and/or stocks: Uses AT or PS/2 or better. Add one megabyte of memory for each\nadditional 4,500 quotes capability.
When I first started trading in 1981 or 1982, I shopped real-time systems and settled on Bonneville\nTelecommunications. They were quite professional: a Bonneville rep had my den wired for pricing in less\nthan a week. It was an FM feed and because I live on top of one of Seattle's higher hills, the reliability was\nperfect. It was only several years later, when I started reviewing things for STOCKS & COMMODITIES, that I\ndiscovered that all the world doesn't run that well.
Bonneville still does, though. The old reliables from Utah are still sending out the prices and news in a\ndatafeed that has seen the emergence of major rivals but is still chugging along reliably. My general\nimpression? Old interface but vast capability and good pricing."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-14-640-643-market-center-4-0-by-technical-analysis-inc-40.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-14-640-643-market-center-4-0-by-technical-analysis-inc-49.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-14-640-643-market-center-4-0-by-technical-analysis-inc-50.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c14-traders-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-14"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:14 (640-643): Market Center 4.0 by Technical Analysis, Inc."",""caption-linebreaks"":""Market Center 4.0 by Technical Analysis, Inc.
COMMODITY SYSTEMS, INC. (CSI)\n200 West Palmetto Park Road\nBoca Raton, FL 33432\n(407) 392-8663\nProduct: Software for statistical analysis of your trading results to figure the probability of making a\ngiven profit level.\nPrice: $499\nEquipment required: IBM PC or compatible computer. Coprocessor not necessary but strongly\nrecommended. Requires hard disk drive. Minimum 640K memory required, 512K of which must be\navailable to the software. CGA, EGA, VGA and Hercules monochrome graphics monitors are supported.\nOperating system must be MS-DOS or PC-DOS version 2.0 or higher. More than 190 different printers\nare supported for producing hard-copy tables and charts.
We'd better mention a few caveats before I get started on this one! I should say at the outset that CSI's\nBob Pelletier is an old friend of STOCKS & COMMODITIES and an occasional author, not to mention a\nregular advertiser. I also have my own stake in the money management debate with my concept of\nmaximum adverse excursion. All this flits by me when reviewing Commodity Systems, Inc.'s Trader's\nMoney Manager (TMM)."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-14-640-643-market-center-4-0-by-technical-analysis-inc-43.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-14-640-643-market-center-4-0-by-technical-analysis-inc-47.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-14-640-643-market-center-4-0-by-technical-analysis-inc-48.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c14-sidetec-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-14"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:14 (644-648): SIDEBAR: TECHNICAL STUDIES by Technical Analysis, Inc."",""caption-linebreaks"":""TECHNICAL STUDIES by Technical Analysis, Inc.
Listing of Technical Studies."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-14-644-648-sidebar-technical-studies-by-technical-analysis-inc-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-14-644-648-sidebar-technical-studies-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-14-644-648-sidebar-technical-studies-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c14-viking-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-14"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:14 (649-651): Viking 5.12 by Technical Analysis, Inc."",""caption-linebreaks"":""Viking 5.12 by Technical Analysis, Inc.
DELPHI ECONOMICS\n8 Bonn Place\nWeehawken, NJ 07087\n(201) 867-4303\nProduct: Integrated charting, trading model builder, day-to-day trading signal monitor. Also has\noptions calculations Q and portfolio maintenance functions.\nPrice: $495\nRequirements: Not specified. Probably IBM compatible, 512K RAM or more, 20 megabyte (MB) hard\ndisk.\nDatafeeds: None, but can read data from I .P. Sharp, Telemet America, Data Broadcasting Corp.,\nWarner Computer Systems, MetaStock, CompuTrac, C SI
\""Viking? I think it's an inhouse program that Delphi Economics whipped together. Looks like they\nbuilt it up over time and then recast it some for commercial consumption.\n\""Not bad, but a little rough around the edges. Pretty fast, okay graphics, a handy but simple trading\nsystem module that does have some unique built-in functions. Options features are limited. Looks best\nfor stocks—it even has a simple portfolio tracker. Some arcane terminology. The 'manual' is a\ntutorial—which is usually a good idea—but sometimes it switches to true manual mode. No index, small\ntable of contents. No reference section. Data download isn't built in—a subprogram to access other\ndatabases is provided. Technical support was slow in coming, to be expected from a three-person\ncompany."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-14-649-651-viking-5-12-by-technical-analysis-inc-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-14-649-651-viking-5-12-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-14-649-651-viking-5-12-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c02-sidebol-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:2 (47-51): SIDEBAR: CALCULATING BOLLINGER BANDS"",""caption-linebreaks"":""CALCULATING BOLLINGER BANDS
An Excel spreadsheet is used to calculate Bollinger Bands for the DJIA. The actual formula for each cell\nis shown at the bottom of the column; the formula presented is specific for the location of that cell."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-2-47-51-sidebar-calculating-bollinger-bands-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-2-47-51-sidebar-calculating-bollinger-bands-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-2-47-51-sidebar-calculating-bollinger-bands-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c02-usingbo-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:2 (47-51): Using Bollinger Bands by John Bollinger"",""caption-linebreaks"":""Using Bollinger Bands\nby John Bollinger
Trading bands, which are lines plotted in and around the price structure to form an envelope, are the\naction of prices near the edges of the envelope that we are interested in. It's not the newest of ideas, but\nas John Bollinger of Bollinger Capital Management points out, it's one of the most powerful concepts\navailable to the technically based investor, answering not whether absolute buy and sell signals are\nbeing given but whether prices are high or low on a relative basis. Trading bands can forewarn whether\nto buy or sell by using indicators to confirm price action. How do trading bands work? Bollinger, of\nBollinger Bands fame, explains how.
Trading bands are one of the most powerful concepts available to the technically based investor, but\nthey do not, as is commonly believed, give absolute buy and sell signals based on price touching the\nbands. What they do is answer the perennial question of whether prices are high or low on a relative\nbasis. Armed with this information, an intelligent investor can make buy and sell decisions by using\nindicators to confirm price action.
But before we begin, we need a definition of what we are dealing with. Trading bands are lines plotted in\nand around the price structure to form an ''envelope\"". It is the action of prices near the edges of the\nenvelope that we are particularly interested in. The earliest reference to trading bands I have come across\nin technical literature is in The Profit Magic of Stock Transaction Timing; author J.M. Hurst's approach\ninvolved the drawing of smoothed envelopes around price to aid in cycle identification. Figure 1 shows\nan example of this technique Note in particular the use of different envelopes for cycles of differing\nlengths.
The next major development in the idea of trading bands came in the mid- to late 1970s, as the concept of\nshifting a moving average up and down by a certain number of points or a fixed percentage to obtain an\nenvelope around price gained popularity, an approach that is still employed by many. A good example\nappears in Figure 2, where an envelope has been constructed around the Dow Jones Industrial Average\n(DJIA). The average used is a 21-day simple moving average. The bands are shifted up and down by 4%."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-2-47-51-using-bollinger-bands-by-john-bollinger-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-2-47-51-using-bollinger-bands-by-john-bollinger-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-2-47-51-using-bollinger-bands-by-john-bollinger-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c02-profit-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:2 (52-54): Profiting From Convergence by Ira G. Kawaller"",""caption-linebreaks"":""Profiting From Convergence\nby Ira G. Kawaller
Here are three ways to capitalize on the property of convergence — the fact that futures prices and spot\nprices will necessarily come together at the futures expiration. The same concept can be applied to many\nmarkets, including various other financial futures contracts, as well as assorted hard commodities.
LIBOR (London interbank offered rate) futures contracts are recognized as Chicago Mercantile\nExchange (CME) contracts that pertain to a $3 million one-month Eurodollar time deposit, and the\nEurodollar futures contract refers to the contract with a $1 million face value, three-month Eurodollar\ndeposit. The convention is unfortunate, as both contracts are used to lock in the offered rates of the\nrespective terms to maturity. When LIBOR futures prices reflect interest rates substantially different from\nunderlying spot (cash) market interest rates, attractive trades may be available, and they may persist for\nreasonably extended periods of time.
CONSIDER THIS
Consider the situation: On October 7, 1991, the spot price for the LIBOR on one-month Eurodollar\ndeposits was 5-1/4%, which converts to an International Monetary Market (IMM) index price of\n100.00-5.25, or 94.75. On the same date, the December futures settled at a price of 94.20. With neutral or\nbullish tendencies (expecting interest rates to stay the same or fall), these conditions were very attractive.\nNot only could a trader make money on a spot market move, but the basis would further enhance profits\nby 55 basis points (94.75-94.20) per contract. Of course, the trader could make an incorrect assumption\nabout interest rates and see them rise instead of fall; but even here, the error would be cushioned by a\n55-basis-point safety net."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-2-52-54-profiting-from-convergence-by-ira-g-kawaller-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-2-52-54-profiting-from-convergence-by-ira-g-kawaller-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-2-52-54-profiting-from-convergence-by-ira-g-kawaller-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c02-sidecon-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:2 (52-54): SIDEBAR: CONTRACT SPECS"",""caption-linebreaks"":""CONTRACT SPECS
Eurodollar time deposits and one-month LIBOR futures."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-2-52-54-sidebar-contract-specs-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-2-52-54-sidebar-contract-specs-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-2-52-54-sidebar-contract-specs-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c02-technic-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:2 (55-60): \""Technician's Technician\"" Martin Pring by Thom Hartle"",""caption-linebreaks"":""\""Technician's Technician\"" Martin Pring by Thom Hartle
Technician-writer-money manager: Martin Pring was described as the \""technician's technician\"" by\nBarron's, and his diverse background can certainly confirm that. Pring received his initial training with a\nCanadian investment dealer. His interest in technical analysis led him to join Storey, Boeckh in 1975,\npublisher of The Bank Credit Analyst. \""The Pring Market Review\"" was introduced in 1984 as an\nextension of his interest in technical analysis. Along the way, he has lectured on and published a number\nof works on investing and technical analysis. He helped form investment counseling firm Pring-Turner\nCapital Group in 1988, dedicated to conservative asset allocation based on business cycle developments.\nSTOCKS & COMMODITIES Editor Thom Hartle interviewed Pring via telephone on November 19,1991, and\nasked him about, among other topics, his KST indicator and the market cycle model.
So how were you introduced to technical analyst?
I started off in the Canadian brokerage industry in 1969 and after a year's training, I got transferred to a\none-man office about 120 miles north of Toronto in a town called Owen Sound. About then I found out\nthat the firm's research was inadequate; I had learned a little bit about technical analysis by picking up a\ncopy of Edwards & Magee [Technical Analysis of Stock Trends ], and I decided that this would be my\napproach, I would use my own technical research to advise my clients. That's how I got started in\ntechnical analysis. About three years later, a good client friend gave me a copy of The Bank Credit\nAnalyst, which [at the time, in 1973-74] explained why interest rates were going up, why we had\ninflation, and so on and so forth. I thought it was brilliantly put together. The problem was, they had a\nparagraph on technical analysis that I did not think was well put together, and so I researched to find out\nwhat The Bank Credit Analyst had been doing on a technical basis previously. I found that they could\nhave used technical analysis to their benefit if they had had a little better understanding of it.\nSo I suggested that I consult for them. About three months later they called me and said yes, and about\ntwo months after that, I was offered a chance to transfer to institutional sales with the same brokerage\nfirm in Montreal, and since The Bank Credit Analyst was also based there, [I moved there]. I was again\nfaced with the problem of not being able to market my research, so eventually I joined the staff of Bank\nCredit Analyst, where I was able to learn more about monetary and economic indicators and to further my\nknowledge of technical analysis."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-2-55-60-technician-s-technician-martin-pring-by-thom-hartle-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-2-55-60-technician-s-technician-martin-pring-by-thom-hartle-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-2-55-60-technician-s-technician-martin-pring-by-thom-hartle-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c02-sideroc-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:2 (55-60): SIDEBAR: CALCULATING A RATE OF CHANGE OSCILLATOR"",""caption-linebreaks"":""CALCULATING A RATE OF CHANGE\nOSCILLATOR
A rate of change oscillator (Roc) is calculated by dividing the price in the current time period by the price\nn periods ago. For example, a 10-day rate of change would be today's price divided by the price 10days\nago. Roc indicators are quite useful in wide trading range markets but can give misleading signals if a\nstrong trend is in force. In addition, a specific Roc oscillator will reflect only one cycle. Incorrect\ninterpretations will occur if another cycle length is dominant. Combining various Roc oscillators into a\nsingle indicator is one method with which to improve the reliability of this technique."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-2-55-60-sidebar-calculating-a-rate-of-change-oscillator-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-2-55-60-sidebar-calculating-a-rate-of-change-oscillator-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-2-55-60-sidebar-calculating-a-rate-of-change-oscillator-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c02-wyckoff-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:2 (61-66): A Wyckoff Approach To Future by Craig F. Schroeder"",""caption-linebreaks"":""A Wyckoff Approach To Future\nby Craig F. Schroeder
The Wyckoff approach, which has been a standard for decades, is as valid for futures as it is for stocks,\nbut even students of the technique appear to be unaware of its extended uses. Most technicians know that\nWyckoff analysis stresses volume and price, and as there is always uncertainty about the level of volume\non current and previous days for futures, it seems logical to conclude that Wyckoff and futures are not\ncompatible. This may seem logical, but it's wrong. According to Schroeder, Wyckoff is not simply about\nprice and volume; it is concerned with three laws — supply and demand, cause and effect, and effort and\nresult — because these three laws apply to all interactions. Schroeder explains.
Many students of the Wyckoff method do not associate Wyckoff analysis with futures trading —\nunfortunate, but not difficult to understand how such a mistake can be made. Anyone familiar with the\nteachings of Richard Wyckoff knows that stocks and stock market action exclusively are used as\nexamples of principles. The lack of examples from the futures market naturally leads to the erroneous\nconclusion that the principle cannot be applied to futures. Most technicians also know that Wyckoff\nanalysis stresses the study of volume and its relation to price. As there is always uncertainty about the\nlevel of volume on both current and previous days, it is logical to conclude that Wyckoff and futures do\nnot mix. Although these conclusions may seem logical, they are not correct.
Wyckoff analysis is not just about stocks and the stock market. It is not even just about price and volume\nrelationships, even though they are the primary focus. Wyckoff is about three basic laws: supply and\ndemand; cause and effect; effort vs. result. These three laws apply to everything that people buy from,\nsell to or exchange with others.
IF/THEN FOR ALL
In the law of supply and demand, when the pool of buyers demands more product than is immediately\navailable, the price of that commodity will rise until demand diminishes to the level of available supply.\nAt the same time, the pool of sellers, seeing that prices are rising, will take steps to increase the available\nsupply of a commodity. When available supply exceeds the demand, then prices will start to fall.
The law of cause and effect is closely related to the law of supply and demand and states that every price\nmovement is the direct result of a previous price movement or combination of movements. The price\nmarkup phase results from the accumulation phase that precedes it and is proportional to that\naccumulation phase. Similarly, the price markdown phase is the result of the distribution phase that\nprecedes it and is in proportion to the distribution phase."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-2-61-66-a-wyckoff-approach-to-future-by-craig-f-schroeder-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-2-61-66-a-wyckoff-approach-to-future-by-craig-f-schroeder-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-2-61-66-a-wyckoff-approach-to-future-by-craig-f-schroeder-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c02-sidepro-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:2 (67-74): SIDEBAR: PROFITABILITY OF BREAKOUT AND OSCILLATOR METHODS WITH S&P 500"",""caption-linebreaks"":""PROFITABILITY OF BREAKOUT AND\nOSCILLATOR METHODS WITH S&P 500
Profitability of breakout and oscillator methods with S&P 500."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-2-67-74-sidebar-profitability-of-breakout-and-oscillator-methods-with-s-p-500-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-2-67-74-sidebar-profitability-of-breakout-and-oscillator-methods-with-s-p-500-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-2-67-74-sidebar-profitability-of-breakout-and-oscillator-methods-with-s-p-500-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c02-commodi-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:2 (67-74): The Commodity Channel Index by Barbara Star, Ph.D."",""caption-linebreaks"":""The Commodity Channel Index\nby Barbara Star, PhD.
A technical analytical standard that's often misunderstood, the Commodity Channel Index, which was\ndeveloped by technician/programmer Donald Lambert more than a decade ago, offers a broad range of\ntrading options to use alone or with other indicators.
Lambert, during the course of his research, noticed that many commodities displayed cyclic patterns that\nreminded him of sine waves and formulated the theory based on that observation. The index, which\nauthor Barbara Star explains does not calculate cycle lengths, instead helps to determine when a cycle\ntrend is in force; she goes on to explain how the Commodity Channel Index can be and has been used,\nalong with enlightening commentary from inventor Donald Lambert himself.
The Commodity Channel Index (CCI), which was developed by Donald Lambert in 1980, started out as\na programming experiment. At that time, personal computers were not yet widely used by individual\ntraders; most calculations were done by hand. Lambert's work involved programming the TI-59, a\nhand-held calculator. \""I wanted to develop something that could be used by traders,\"" he told me, \""but also\nsomething that showed the value of using hand-held calculators, which were becoming more affordable.\nSo I developed the CCI mostly as a programming exercise because its calculations would be too difficult,\ntime-consuming and prone to error if done by hand.\"" Later, with the introduction of technical analysis\nsoftware,-the CCI became a standard inclusion, albeit somewhat misunderstood, among the indicators\nprovided in computer trading packages.
In conducting his research, Lambert had noticed that many commodities displayed cyclic price patterns\nreminiscent of a sine wave. \""I came up with the idea that as you approached a top, the price level should look more or less like a sine wave approaching its peak,\"" he explained. \""I related the CCI to that.\""\nAccording to his theory, a perfectly cyclic commodity would exhibit a relationship between price\nvariability and where it is on the curve."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-2-67-74-the-commodity-channel-index-by-barbara-star-ph-d-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-2-67-74-the-commodity-channel-index-by-barbara-star-ph-d-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-2-67-74-the-commodity-channel-index-by-barbara-star-ph-d-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c02-lindsay-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:2 (75-76): The Lindsay A-D Indicator by Jerry Favors"",""caption-linebreaks"":""The Lindsay A-D Indicator\nby Jerry Favors
The advance-decline line is handy for picking market tops, but lead time is a recurring problem, you say?\nFavors suggests this variation as an alternative to overcome that bothersome predicament.\nMost stude nts of te chnical analysis are familiar with the advance-decl ine line.To construct one, y ou\nsimply begin with some base num ber and i f today's advances ex ceed decl ines for t he day, you add t he\nnumber of net advances (advances m inus decl ines) to that base num ber. If declines exceed advances for\nthe day, you subtract the number of net declines (declines minus advances) from that base number . This\nsame process is repeated each day and is then plotted along with a chart of the Dow J ones Industrial\nAverage (DJIA). The theory is tha t if the DJIA moves to a new hig h but the advance/decline line does not,\nyou have neg ative diver gence and a potential top. Contrary to popular opinion, the reg ular A-D line is not\nespecially reliable at identifying importa nt ma rke t bottoms. While the A-D line does have an impre ssive\nrecord a t marke t tops, the question of lead time remains a nagging problem.
LEAD TIME EXAMPLE
Prior to the J uly 1990 top, the A-D line peaked on Aug ust 8, 1989. The DJIA did not see its final hig h\nuntil J uly 17, 1990, 11 months later . This question of lead time remains a bothersome deficiency for the\ndaily A-D line. Technician Geor ge Lindsay used the advance-decline data dif ferently, in order to derive\nshort-te rm buy or sell signals. Each day you will plot the difference between the advances and de clines\nfor the day . For instance, if there are 1,000 advances and 600 declines, y our plot for that day is +400. If\nthere are 900 declines and 400 advances, y our plot for the day becomes -500. A sell signal from this indicator requires a \""triple zigzag pattern;\"" as illustrated in Figure 1."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-2-75-76-the-lindsay-a-d-indicator-by-jerry-favors-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-2-75-76-the-lindsay-a-d-indicator-by-jerry-favors-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-2-75-76-the-lindsay-a-d-indicator-by-jerry-favors-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c02-closing-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:2 (77-78): Closing Tick by Arthur A. Merrill, C.M.T."",""caption-linebreaks"":""Closing Tick\nby Arthur A. Merrill, C.M.T.
Buyers' market or sellers' market? Counting the upticks and downticks can give you a clue, Merrill says.\nAre buyers reaching for stock? Do they have to bid a price higher than the last price given (an uptick)?\nOr do sellers have to accept a lower price to get rid of their stock (a downtick)? A count of the upticks\nand downticks should indicate whether it's a buyers' or sellers' market.
The closing tick is reported each day in the financial press. It shows, for various markets, the number of\nstocks whose last change in price was an increase less the number the last change of which was a\ndecrease. How well does this statistic forecast the price movement on the following day? I asked my\ncomputer to check it out, using a database of the last 417 trading days on the New York Stock Exchange\n(NYSE).
If the upticks exceeded the downticks (a positive closing tick), how much of a difference is required to\nfavor rising prices the following day? Take a look at Figure 1. For an example of the use of this chart, if\nupticks exceeded downticks by more than 750, the Standard & Poor's 500 index rose an average of 1.1%\nthe following day.
My conclusion from Figure 1: The chances of a rising day seem mildly probable if the closing tick is\npositive but less than 700. If the closing tick is more than 700, I'd rate it highly probable.
Look at Figure 2 for negative closing ticks. Here, zero is at the top of the chart, since the average price\nchange is negative. My conclusion: Negative closing ticks are mildy bearish until they get lower than\n-450. If they are below that, I'd rate it a strong bearish sign."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-2-77-78-closing-tick-by-arthur-a-merrill-c-m-t-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-2-77-78-closing-tick-by-arthur-a-merrill-c-m-t-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-2-77-78-closing-tick-by-arthur-a-merrill-c-m-t-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c02-lowrisk-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:2 (79-80): A Low-Risk, High-Potential Return Option Strategy by Jean-Olivier Fraisse, C.F.A."",""caption-linebreaks"":""A Low-Risk, High-Potential Return Option\nStrategy\nby Jean-Olivier Fraisse, C.F.A.
Can call options be used as a substitute for purchasing stocks? Covered calls — selling a call on stock\nbeing held — is one low-risk strategy, but profits can be limited on an up move. Another low-risk\nstrategy, the long call plus cash equivalent, attempts to preserve capital while combining safety and\npotentially high profit. Jean-Olivier Fraisse explains how.
Options trading is not for the faint of heart. Beyond technical skills, it requires intuition and just plain\nluck. Some option strategies, however, are no riskier than stock ownership. A well-known low-risk\nstrategy is covered call writing, which consists of selling a call on stock currently held. It works well in\nstable or declining markets, but it limits profits on an up move, which can be costly in the long run. A\nsecond low-risk strategy, the long call plus cash equivalent, strives to preserve capital while combining\nthe safety of a fixed-interest income and the potentially high rewards of stock ownership. This low-risk\nstrategy is most attractive when interest rates are relatively high. It does not work as well when short-term\nrates are low, as was the case at yearend 1991. It is up to the reader to decide whether the strategy\nremains attractive for his or her own circumstances.
STRATEGY: BUY CALL, INVEST CASH
The market outlook appears bullish and you are of the opinion that stock XYZ is currently undervalued at\na price of $100 per share. In your view, XYZ should trade at a higher price with good prospects for a\nsignificant move in the near future. You are considering the purchase of one hundred shares of XYZ stock\nfor an investment of $10,000 plus commissions (commissions are ignored from here on for the sake of\nsimplicity)."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-2-79-80-a-low-risk-high-potential-return-option-strategy-by-jean-olivier-fraisse-c-f-a-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-2-79-80-a-low-risk-high-potential-return-option-strategy-by-jean-olivier-fraisse-c-f-a-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-2-79-80-a-low-risk-high-potential-return-option-strategy-by-jean-olivier-fraisse-c-f-a-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c02-interma-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:2 (81-83): Intermarket Analysis And The Deutschemark by Richard Forest"",""caption-linebreaks"":""Intermarket Analysis And The Deutschemark\nby Richard Forest
Richard Forest, a two-time Traders' Challenge winner, becomes a S TOCKS & COMMODITIES author with\nthis monograph on how intermarket analysis — that is, analyzing elements across more than one market\nand across countries to predict the outcome of seemingly disparate elements — can be used to trade the\nDeutschemark or other currencies. Forest points out that the U.S. dollar and the Deutschemark are\ninterrelated and the dollar and interest rates are interrelated, and thus, by watching interest rates the\nbehavior of the Deutschemark and the dollar may be predicted. He goes on to write that an analytical\nindicator called a dual moving average crossover (DMAC) works well to predict when currencies change\ntrends because that indicator is most accurate in long-lasting trends instead of brief fluctuations.
Intermarket analysis, a method by which a trader may compare pricing elements of two markets that are\nrelated or inversely related to one another, can be applied to straightforward technical analysis to\nsuccessfully trade the Deutschemark or other currencies. One of the elements in question can be a direct\ninfluence on the other correlative element: For example, the behavior of the Deutschemark is closely\nlinked to the U.S. dollar. In turn, the value of the U.S. dollar is closely linked to interest rate behavior. By\nmonitoring interest rates, therefore, traders can make predictions about the price trend behavior of the\nU.S. dollar and the Deutschemark.
In general, a currency with high interest rates will attract large amounts of money due to the high return\non investment for lenders and investors. On the other hand, falling interest rates are bearish for a\ncurrency, as investors will shy away from it and instead gravitate toward investment possibilities with\nhigher rates of return. Thus, falling interest rates in the United States and increasing interest rates in\nGermany will decrease the value of the U.S. dollar but increase the value of the Deutschemark."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-2-81-83-intermarket-analysis-and-the-deutschemark-by-richard-forest-20.gif"",""height"":""272"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-2-81-83-intermarket-analysis-and-the-deutschemark-by-richard-forest-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-2-81-83-intermarket-analysis-and-the-deutschemark-by-richard-forest-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c02-develop-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:2 (84-87): Developing An Edge by John Sweeney"",""caption-linebreaks"":""Developing An Edge\nby John Sweeney
Once you've developed something with an edge on the market, it's only natural to want to exploit it\nmercilessly, making hay while the sun shineth, so to speak. The simplest way I know to do this is to add\nmore positions to your basic direction, buying dips when long, selling rallies when short. In my last three\nSettlements, I've battered one harebrained idea into reasonably profitable shape so that it gives us good\ntrend selections and gets me out in a timely manner. However, there's more.
Once we're in a good trade (which we know via the maximum adverse excursion [MAE] statistics), we\nmay as well add stocks or commodities, but in some rational formulation. How much, we ask, of a dip is\nenough to trigger additional entries?
Two things to think of immediately here: (1) We define the prospects for an additional good trade not by\npyramiding (which is using the profits on early contracts for margin on additional contract) but by having\nthe cash to buy more on a completely independent basis; and (2) we define a good trade in this mode just\nas we define a good trade in the original mode — exit and entry rules together with measurements of the\nworst price moves against the position.
Along this line, Figure 1 shows the trades from the basic trading system developed to date, together with\na 10-day simple moving average. Take it from past work (Settlement, April and May 1991) that averages,\nbecause of their lag behavior, efficiently skim along the tops and bottoms of price ranges. You can\neyeball this \""efficiency\"" or you could test for it quantitatively. To speed things up and avoid the\narguments of optimization, I'm simply specifying a value range I've used for years: eight to 10 days."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-2-84-87-developing-an-edge-by-john-sweeney-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-2-84-87-developing-an-edge-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-2-84-87-developing-an-edge-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c02-sideadd-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:2 (84-87): SIDEBAR: ADD-ONS VS. PYRAMIDING"",""caption-linebreaks"":""ADD-ONS VS. PYRAMIDING
A paragraph explaining the difference between add-ons and pyramiding."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-2-84-87-sidebar-add-ons-vs-pyramiding-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-2-84-87-sidebar-add-ons-vs-pyramiding-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-2-84-87-sidebar-add-ons-vs-pyramiding-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c03-marketp-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-3"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:3 (102-107): Market Prediction Through Fractal Geometry by Victor E. Krynicki, Ph.D."",""caption-linebreaks"":""Market Prediction Through Fractal Geometry\nby Victor E. Krynicki, Ph.D.
Few have heard of fractal geometry and fewer still know how to use it. But it is a powerful tool with\nwhich to analyze nonlinear systems and is the main alternative for analyzing systems that defy\ndevelopment of predictive nonlinear equations. Krynicki presents a method by which to search for fractal\npatterns.
Since its inception, technical analysis has been dominated by linear and/or statistical smoothing,\naveraging and estimation techniques. These techniques come in a vast a array of forms: linear regression,\nquadratic regression, multiple correlation, oscillators, periodic regression, cycle estimation, moving\naverages, weighted moving averages, percentage retracement targets, projected price lines and angles, to\nname only a few. With specific reference to stock index analysis, these techniques have been applied to\nthe values of the stock index itself, to advances-declines, to up volume/down volume, to new highs/new\nlows, and to a vast array of combinations or alternatives to these variables.
LINEAR, NONLINEAR
Market indices can be modeled as the output of a nonlinear dynamic system. Dynamics is the study of\nmotion in the broadest sense of the term; thus, \""motion\"" refers to events such as the oscillations of a\npendulum, fluctuations in an animal population's density, appearance of chemical products in a reaction\nvessel, fluid convection in a box system, fluctuations in outbreaks of disease, changes in economic data\nsuch as monetary aggregates, and behavior of market indices.
On the other hand, \""nonlinear\"" dynamic systems do not have a straightforward proportional relationship\nbetween variables. In a nonlinear system, small changes in one variable can have a nonproportionally\nlarge impact on other variables and the behavior of the system as a whole. Much recent work in nonlinear\nsystems has focused on chaos. \""Chaos\"" can be defined in a variety of ways, but overall, the term refers to\na deterministic dynamic system that settles or dissipates into a bounded area. Within this area, the\nsystem's behavior appears to be random even though deterministic equations are present."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-3-102-107-market-prediction-through-fractal-geometry-by-victor-e-krynicki-ph-d-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-3-102-107-market-prediction-through-fractal-geometry-by-victor-e-krynicki-ph-d-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-3-102-107-market-prediction-through-fractal-geometry-by-victor-e-krynicki-ph-d-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c03-adaptin-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-3"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:3 (108-114): Adapting Moving Averages To Market Volatility by Tushar S. Chande, Ph.D."",""caption-linebreaks"":""Adapting Moving Averages To Market Volatility\nby Tushar S. Chande, Ph.D.
If a market is active, it has volatility: that cannot be avoided. And because the market is continuously\nchanging, an indicator that attempts to predict market activity must itself adapt and change. How?\nTushar Chande presents a dynamic—not static—indicators: a variable-length moving average, which\nadapts to the volatility in question by exponentially smoothing data based on standard deviation.
Technicians can be trend followers or contrarians. Trend followers use price-based indicators, such as\nmoving averages, while contrarians prefer oscillators such as overbought-oversold indicators. But the\nmarket never does quite the same thing twice, and so no indicator works all the time. The market is\ndynamic, adjusting rapidly to information: a continuous tug of war between greed and fear, fact and\nfiction. Technical indicators, on the other hand, are static, mechanically applying the same formula to the\nrelevant data. What is needed is a combination, dynamic indicators that will automatically adapt to the\nchanging nature of markets, a new class of dynamic indicators that combine exponential moving averages\nwith other technical indicators to adapt automatically to changing price behavior. What is needed is an\nexponential moving average with a continuously variable smoothing index that adjusts rapidly to changes\nin price behavior. The smoothing index can be tied to any market variable. It is the continuous, not\ndiscrete, changes in the smoothing index that increases the sensitivity of these moving averages to\nchanges in price behavior. These new dynamic exponential averages can be referred to a variable index\ndynamic average (VIDYA).
Let us first examine exponential moving averages and how they can be modified to obtain VIDYA, and in\nturn compare VIDYA with conventional indicators to illustrate its dynamism. Then we will combine\ndynamic averages to derive other indicators and then illustrate their effectiveness."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-3-108-114-adapting-moving-averages-to-market-volatility-by-tushar-s-chande-ph-d-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-3-108-114-adapting-moving-averages-to-market-volatility-by-tushar-s-chande-ph-d-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-3-108-114-adapting-moving-averages-to-market-volatility-by-tushar-s-chande-ph-d-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c03-modelin-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-3"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:3 (115-118): Modeling The Stock Market by Paul T. Holliday"",""caption-linebreaks"":""Modeling The Stock Market\nby Paul T. Holliday
The price/earnings ratio works perfectly well— for stocks. But, Paul Holliday points out, it doesn't work\nfor stock indices such as the DJIA or the Standard & Poor's 500, where the effective interest rate works\nmuch better. To prove it, he's come up with a market model based on the theory that price is in\nproportion to earnings divided by interest rate and proceeds to demonstrate its use.
The price/earnings ratio has been highly regarded as an indicator of whether the market is over- or\nunderpriced. But closer analysis reveals that for stock indices, the price/earnings (P/E) ratio does not\nperform as advertised. Rather, the effective interest rate is the key to determining if the stock market is\nfairly priced.
To illustrate, I developed a model of the market based on the premise that price is proportional to\nearnings divided by interest rate. (See sidebar, \""Math model formulas.\"") The Standard & Poor's\nComposite Index (S&P 500) is used because it is a broad representation of the market. The earnings in\nthe model equation are the average of the yearly earnings a year ahead of the price. Figure 1 shows the\nS&P 500 earnings and the average represented by the straight line on the semi-log grid. The model gives\na closer match to the actual price when average earnings are used in place of the actual earnings,\nindicating that the price of the index is not dependent on the quarter-to-quarter variation of earnings.\nThe interest rate in the model combines short- and long-term rates plus the inflation rate and is referred\nto as the effective interest rate pertinent to the stock market. An additional correction factor, amounting\nto a few percent, is added to account for changes in dividend yield.
The comparison of the model with the S&P 500 index for the past 35 years is shown in Figure 2. The\nmean error is 0.01% and the variance is 10.6%."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-3-115-118-modeling-the-stock-market-by-paul-t-holliday-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-3-115-118-modeling-the-stock-market-by-paul-t-holliday-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-3-115-118-modeling-the-stock-market-by-paul-t-holliday-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c03-sidemat-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-3"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:3 (115-118): SIDEBAR: MATH MODEL FORMULAS"",""caption-linebreaks"":""MATH MODEL FORMULAS
My mathematical model of the stock market is based on fundamental economic parameters and has been\nmodified slightly from the model described in the article \""Determining stock value from price and\nearnings.\"" The Standard & Poor's 500 is used to represent the market as a whole. The premise is that\nstock index prices are proportional to earnings divided by interest rate:
...
The earnings in the model are the average earnings one year, or four quarters, ahead of the price of the\nS&P 500 and is expressed using the least-squares method by the following equation:
..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-3-115-118-sidebar-math-model-formulas-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-3-115-118-sidebar-math-model-formulas-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-3-115-118-sidebar-math-model-formulas-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c03-thepres-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-3"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:3 (119-120): The Presidential Election Cycle by Arthur A. Merrill, C.M.T."",""caption-linebreaks"":""The Presidential Election Cycle\nby Arthur A. Merrill, C.M.T.
It's an election year again. What does history say about them ? This famous technician tells you that\nwhat you've heard about Presidential election years may very well be true.
An election year is in progress. What are the prospects for the markets? We've been told that\ntraditionally, politicians try to do everything they can to make the years with Presidential elections\nscheduled good ones in the market to put voters in a positive frame of mind. Does history confirm this\ntruism?
To check this out, I asked my computer to calculate the percent changes in the Dow Jones Industrial\nAverage (DJIA) every month since 1898. Then I averaged these changes in each month of the four year\nPresidential cycle. We started on the December 1 after a Presidential election and then cumulated the\npercent changes up through the next Presidential election year. Figure 1 shows the results."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-3-119-120-the-presidential-election-cycle-by-arthur-a-merrill-c-m-t-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-3-119-120-the-presidential-election-cycle-by-arthur-a-merrill-c-m-t-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-3-119-120-the-presidential-election-cycle-by-arthur-a-merrill-c-m-t-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c03-candles-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-3"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:3 (121-124): Candlesticks And The Method Of 3 by Gary S. Wagner and Bradley L. Matheny"",""caption-linebreaks"":""Candlesticks And The Method Of 3\nby Gary S. Wagner and Bradley L. Matheny
Various uses of the number three, a number of importance in Japanese culture as well as Western\nculture, can be seen prominently throughout candlestick technique and particularly in the form of\n\""Sakata's five methods.\"" The five methods, though more than 200 years old, can be used in current-day\ntrading with little modification, as Wagner and Matheny show.
In previous articles, we wrote about using artificial intelligence and pattern recognition to analyze\ncandlestick charts and the importance of properly identifying two and three candle patterns. However, a\nparticular method of candlestick analysis has rarely been discussed except as an aside, and yet this\nmethod is one of the most important candlestick teachings. Various patterns with different meanings\ncomprise the Japanese candlestick technique. Before signals can be identified properly, therefore, both\nsingle-candle and multicandle patterns must be identified and analyzed in relation to each another.
THREE AGAINST FOUR
According to Seiki Shimizu in The Japanese Chart of Charts, the Japanese believe that the number three\nhas a \""divine power that lives within it\""; many candlestick patterns are based on the number. However,\nthe number four is considered bad luck. One Japanese pronunciation of the number is the same as the\nword \""death\"" (shi). However, the Japanese culture is not the only one that classifies data by threes;\nWestern technical analysis itself uses three fairly often. It can be found in many examples of technical\nanalysis. For example, it can be found in:
Trend directions
1) Up
2) Down
3) Sideways"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-3-121-124-candlesticks-and-the-method-of-3-by-gary-s-wagner-and-bradley-l-matheny-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-3-121-124-candlesticks-and-the-method-of-3-by-gary-s-wagner-and-bradley-l-matheny-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-3-121-124-candlesticks-and-the-method-of-3-by-gary-s-wagner-and-bradley-l-matheny-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c03-thetrin-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-3"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:3 (125-126): The Trin-5 by Jerry Favors"",""caption-linebreaks"":""The TRIN-5\nby Jerry Favors
Whether you know it as the trading index (TRIN) or the Arms index, this particular indicator has inspired\nvariations ranging from an issue/volume-weighted long-term index to this, a short-term trading indicator\nbased on a five-day sum of TRIN. Newsletter publisher Jerry Favors explains.
Most traders are familiar with the trading index (TRIN), which was originally devised by Richard\nArms. (For obvious reasons, it is also referred to as the Arms index.) Its premise is simple enough: in\norder to compute the trading index each day, divide the ratio of advancing issues to the number of\ndeclining issues by the ratio of advancing volume to declining volume. The data necessary to compute\nTRIN can be found every day in The Wall Street Journal , or you can call your broker and get the closing\nTRIN reading for the day. If you have access to cable television, CNBC shows the closing TRIN reading on\nits tape at the end of each trading day.
VARIATIONS ON A THEME
Most analysts use a 10-day moving average of TRIN as an indicator. The 10-day TRIN reaches oversold\nwhen it rises above 1.00, while it reaches overbought when it falls below 0.80. The 10-day TRIN has a\nvery impressive record at market bottoms but is not nearly as accurate at market tops. My favorite\nmethod of using TRIN data is based on a version from W.G. Bretz's Juncture Recognition in the Stock\nMarket. ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-3-125-126-the-trin-5-by-jerry-favors-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-3-125-126-the-trin-5-by-jerry-favors-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-3-125-126-the-trin-5-by-jerry-favors-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c03-themodl-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-3"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:3 (127-128): The 4% Model: Using The Value Line Composite by Bob Kargenian, C.M.T."",""caption-linebreaks"":""The 4% Model: Using The\nValue Line Composite\nby Bob Kargenian, C.M.T.
Looking for an indicator that doesn't predict huge booms or busts, but tells you what the safest course of\naction is? Here it is. For this model, all you need is the Value Line Index. It's simple, but it works. Here's\nhow.
Originally, the 4% model was developed by Ned Davis of Ned Davis Research fame as a method with\nwhich to follow the trend of the stock market. Simply, a buy signal is given when the weekly close of the\nValue Line Index rises 4% or more from any weekly close; a sell signal is given when the weekly close\ndrops 4% or more from any weekly peak. For example, if the lowest weekly close was 175, then to\ngenerate a buy signal the index would have to close at 182 or better on a weekly basis. As long as the\nweekly close does not decline by 4% or more, the buy signal stays in effect."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-3-127-128-the-4-model-using-the-value-line-composite-by-bob-kargenian-c-m-t-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-3-127-128-the-4-model-using-the-value-line-composite-by-bob-kargenian-c-m-t-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-3-127-128-the-4-model-using-the-value-line-composite-by-bob-kargenian-c-m-t-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c03-trading-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-3"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:3 (129-131): Trading Currency Mutual Funds by Joe Duarte"",""caption-linebreaks"":""Trading Currency Mutual Funds\nby Joe Duarte
Want to broaden your investment horizon? Using subjects covered in his previous S TOCKS &\nCOMMODITIES articles in November 1991 and January 1992, Joe Duarte explains how by combining a\nsimple index/moving average with an oscillator, trading foreign currencies and foreign currency mutual\nfunds can help you protect your mutual fund portfolio profits with a simple oscillator called the 10 minus\n4 formula.
I introduced the concept of mutual funds as stock index proxies in the November 1991 and January\n1992 issues of STOCKS & COMMODITIES. By tracking several mutual funds and evaluating their individual\nresponses to buy or sell signals given by slightly modified technical indicators of trends, momentum, and\nmarket sentiment, I showed how a mutual fund investor could participate in significant advances in the\nstock market and stay out or reduce exposure during significant declines. With that background, let's see\nhow a mutual fund trader or investor can broaden his/her investment horizon and enhance and protect\noverall mutual fund portfolio profits without the direct use of futures and options.
Because most open-ended mutual funds offer stocks or bonds as underlying assets, traders and investors\ncan invest in low-yielding money market instruments or Treasury bills during bear markets in stocks and\nbonds. While short-term liquid securities can provide safety and protect capital during times of market\nuncertainty and volatility, other investment vehicles may also provide the mutual fund investor or trader\nan opportunity to profit from the market's uncertainty and volatility. These objectives can be fulfilled by\nallocating capital into currency funds based on technical analysis of simple trend indicators.
SIMPLE COMBINATIONS
A simple method of analyzing trends is to combine an index and a moving average. To track the\nrelationship of the U.S. dollar to the major world currencies, I chart the U.S. Dollar Index as reported in\nBarron's Vital Signs section; to smooth out the intermediate trend of weeks to months, I calculate the\n10-week moving average. A downtrend in the U.S. dollar should occur at the same time as an uptrend in at least some of the world's other currencies. When the index breaks above or below the 10-week moving\naverage, it signals a possible trend change in the dollar, the world's currencies and often in other financial\nmarkets."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-3-129-131-trading-currency-mutual-funds-by-joe-duarte-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-3-129-131-trading-currency-mutual-funds-by-joe-duarte-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-3-129-131-trading-currency-mutual-funds-by-joe-duarte-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c03-shiftin-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-3"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:3 (132-133): Shifting To Another Dimension by John Sweeney"",""caption-linebreaks"":""Shifting To Another Dimension\nby John Sweeney
I have spent the last several months tweaking a simple trading system to provide good profits with\nminimal drawdowns. The underlying idea (\""Settlement,\"" November 1991 through February 1992) isn't\ntoo complicated, and it is summarized in Figure 1. Last month, 1 tried to exploit the underlying system by\nadding on trades to the underlying positions with a separate, simple rule: Add positions when the trending\nprice retraces to the simple average following it (Figure 2).
This logic failed, though it was spectacularly successful in some test periods. Its maximum adverse\nexcursion (MAE) distributions showed no distinction between winning and losing trades, even in the\nwinning test periods, which forced me to reject the strategy for this system.
TRENDS TAKE TIME
It's tough to ignore that the underlying system completely missed several good trends in different testing\nperiods. I don't propose to \""fix\"" that, because we'd then be back at ground zero with a whole new system\nto validate. Instead, I point out only that one of the ways we visually identify a trend is the consistency of\nprice change over time. In other words, one of the ways we know we're in a good trade is that we're still\nin it a few days after we get started. The good ones keep going and the bad ones are usually stopped out\nimmediately or in a few days.
After all, within the trade's horizon it can only go for us, against us or stay roughly neutral. The 30-40%\nsuccess rates so common in trading systems are a reflection of that. Our task, then, is to stay with the\ngood ones and reject the bad ones.
Just to give you an idea of how this looks, look at Figure 3. This relatively straight line is partly a result\nof the simple fact that it takes time for prices to change. I've found that the slope of the line changes with\nthe trade able and its units of denomination."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-3-132-133-shifting-to-another-dimension-by-john-sweeney-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-3-132-133-shifting-to-another-dimension-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-3-132-133-shifting-to-another-dimension-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c03-select-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-3"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:3 (89-93): Selecting Stocks For A Portfolio by Donald Stewart and Kenneth Stewart"",""caption-linebreaks"":""Selecting Stocks For A Portfolio\nby Donald Stewart and Kenneth Stewart
As redundant as it may sound, following the stock market is in reality following a market of stocks. And\nsurveying a market of stocks can present a challenge. The brothers Stewart, using time series analysis,\nhere present a ranking method to design portfolios. It was this method that they used to select five stocks\nto build one portfolio for each year since 1967. We show here their results.
The first law of the jungle is the survival of the fittest, no matter how the jungle is defined. In the\neconomic jungle, companies take the place of animals, and investors need to be keen observers of which\nones are fittest to win their own battle of investment survival. To choose the fittest companies for\ninclusion in a portfolio, we conducted a study and determined that only three sets of data have to be\nstatistically analyzed:
The annual dividend
The reported earnings
The total market value of the outstanding shares
The study's goal was to locate companies with above-average growth, identify consistent performance\namong liquid securities and build low-risk portfolios.
The first screen developed for the study was to determine the compound growth rate of earnings and\ndividends. For companies to qualify for the portfolio, they needed a 10% growth rate for both earnings\nand dividends. The growth analysis used six data points to cover five years of annual performance. The average annual percentage growth rate was determined by using least-squares fitting to the log of the\ndata. The growth rate is the slope of the fitted line to the data. (See sidebar, \""Determining growth rate.\"")"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-3-89-93-selecting-stocks-for-a-portfolio-by-donald-stewart-and-kenneth-stewart-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-3-89-93-selecting-stocks-for-a-portfolio-by-donald-stewart-and-kenneth-stewart-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-3-89-93-selecting-stocks-for-a-portfolio-by-donald-stewart-and-kenneth-stewart-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c03-sidedet-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-3"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:3 (89-93): SIDEBAR: DETERMINING GROWTH RATE"",""caption-linebreaks"":""DETERMINING GROWTH RATE\nOne method for determining a growth rate is to fit a regression line using the least-squares method to the\ndata. Figure 1 is a graph of the annual dividends for Merck & Company with a regression line drawn.\nThis straight line is calculated to fit the data with the least amount of error. The formula for this line is:
Y = a + bX
The letter Y is the dividends and the letter X represents time. The letter a is the Y intercept when X\nequals zero and the letter b is the slope of the line. The slope of the line is the rate of change of the line.\nThe formula that statisticians use to estimate the slope of the regression line is: ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-3-89-93-sidebar-determining-growth-rate-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-3-89-93-sidebar-determining-growth-rate-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-3-89-93-sidebar-determining-growth-rate-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c03-gaildud-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-3"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:3 (94-101): Gail Dudack Of S.G. Warburg by Thom Hartle"",""caption-linebreaks"":""Gail Dudack Of S.G. Warburg by Thom Hartle
S.G. Warburg senior vice president, head of market strategy and technical analyst Gail Dudack, C.M.T.,\nis no newcomer to technical analysis or the world of Wall Street; she began her career at Pershing & Co.\n(now a division of Donaldson, Lufkin & Jenrette) in the early 1970s, eventually writing a weekly market\nstrategy letter for Pershing before she joined international brokerage firm Warburg in 1987, where she\nwrites both weekly and monthly strategy letters. In the meantime, she has served, among other capacities,\non the Market Technicians Association board of governors and two terms as the MTA's president, and\nuntil recently was also on the board of directors for the New York Society of Security Analysts. She can\nalso be seen as a regular panelist on the popular Wall Street Week television show. Dudack spoke with\nSTOCKS &COMMODITIES Editor Thom Hartle via a telephone interview on December 27,1991, about,\namong other topics, the global markets, the indicators she uses, the use of flow of funds and general\nmethodology.
So I understand you started in the business as a fundamental analyst.
Well, I started as a fundamental analyst's assistant at Pershing &Co. back in the early 1970s in what was\nconsidered the training slot to become a junior analyst and eventually a full-fledged analyst, but while I\nwas there I started studying technical analysis at night at the New York Institute of Finance and\ndeveloped an interest in that \""other\"" kind of analysis. About six to 12 months after I started at Pershing,\nour technician, who I think was called a \""statistician\"" in those days, left, and I asked for the job. Not that\ngot it directly, but since I was the only person who knew how to update those charts, I was allowed—\nallowed! — to update his charts after work. So I kept his charts up — a beautiful combination of breadth\nand market indices charts, which I still have today — for about six months and was eventually given an\nopportunity to be a technician."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-3-94-101-gail-dudack-of-s-g-warburg-by-thom-hartle-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-3-94-101-gail-dudack-of-s-g-warburg-by-thom-hartle-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-3-94-101-gail-dudack-of-s-g-warburg-by-thom-hartle-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c04-money-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:4 (135-141): Money Management Using Simulation And Chaos by Bob Pelletier"",""caption-linebreaks"":""Money Management Using Simulation And\nChaos\nby Bob Pelletier
Here's how to determine your trading system's minimum capital requirements and discover how market\nexposure should be modified to maximize profits without increasing risk. Bob Pelletier explains.
Any successful trading system must offer good timing signals, but timing alone does not guarantee\nprofitable results. While good timing is essential, the addition of key money management techniques\nfashioned through mathematical manipulation can mean the difference between moderate success and the\naccumulation of true wealth. To succeed in the markets, a trader must use a combination of good timing,\nknowledge of required capital and optimal investment levels before entering each trade.
Techniques for timing market entry and exit points are as varied as trader personality and attitude. It\nsuffices to say that trades should be based on a timing system that has demonstrated a positive\nmathematical expectation. Often, trading systems show immense profits on paper that are not reflected\nwhen real dollars are involved. As a result, traders have found themselves asking, \""How can I be losing\nmoney with such a profitable system?\"" The discrepancy between hindsight analysis and real-time trading\nresults has plagued technicians for years; the reason for it usually involves favorable actual experience\nthat cannot be sustained or excessive process control in simulated trading. Process control in a trading\nsystem is explained by the number of parameters or rules used in developing the system, and excessive\nprocess control can produce misleading results. For my purposes, a parameter is any quantifiable rule or control mechanism that is consistently applied to timing. I assume that each parameter has been\nexhaustively tested to verify optimal settings. Excessive process control is the introduction of too many\nparameters in a trading system relative to the number of simulated (or actual) trades."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-4-135-141-money-management-using-simulation-and-chaos-by-bob-pelletier-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-4-135-141-money-management-using-simulation-and-chaos-by-bob-pelletier-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-4-135-141-money-management-using-simulation-and-chaos-by-bob-pelletier-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c04-tonytab-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:4 (142-147): Tony Tabell: Technical Torch by Thom Hartle"",""caption-linebreaks"":""Tony Tabell: Technical Torch by Thom Hartle
Tony Tabell has carried the family tradition of technical analysis through the years, given to him from\nhis father, technician Edmund Tabell, and his great uncle, Richard D. Wyckoff, long before most\nprofessional investors even recognized it as a legitimate technique. STOCKS & COMMODITIES Editor Thom\nHartle interviewed Tabell in a telephone interview on January 24,1992, asking him to recount some of\nhis experiences as a second-generation technician Practicing technical analysis since 1954, Tabell\nspeaks about his impressions of the historical stock market as he sees it in five eras beginning with the\nearly 1900s; his emphasis, in true Wyckoff tradition, on point and figure charting; the changes he's\nmade in his own pool of indicators through the years, as well as the changes he's seen evolve in the\nmarkets' patterns themselves; his strict definition of the technician's role; and finally, his reading\nsuggestions for beginning technicians.
Tony, you're probably one of the few second-generation technicians around today. What was it like,\ngrowing up around technical analysis?
There are a few of us second-generation technicians but not too many. My dad, Ed Tabell, was one of\nthose who kept technical analysis alive at a rather difficult time, along with others such as Ken Ward and\nRalph Rotnem. They kept the technical torch burning through the 1930s until the market recovered in the\n1940s and l950s and technical analysis became respectable again. Technical analysis was just beginning to be considered for use by institutions when I arrived on the scene in 1954 and began working with my\nfather. When he passed away in 1965, I took over his institutional research operation at Walston & Co.
But you weren't there that much longer, though—
I stayed there for five more years. Then some 21 years ago, in 1970, three of us — Mat Delafield, Ash\nHarvey and I — decided that we were tired of commuting, and we all wanted to start a new and smaller\nfirm, so we located that firm in Princeton where the three of us lived, and that's where we've been ever\nsince."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-4-142-147-tony-tabell-technical-torch-by-thom-hartle-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-4-142-147-tony-tabell-technical-torch-by-thom-hartle-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-4-142-147-tony-tabell-technical-torch-by-thom-hartle-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c04-closing-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:4 (148-150): Closing Arms by Arthur A. Merrill, C.M.T."",""caption-linebreaks"":""Closing Arms\nby Arthur A. Merrill, C.M.T.
The Arms index has been verified, deified, and even modified, certainly within the pages of STOCKS &\nCOMMODITIES. Now the index is examined again, this time by noted veteran technician Arthur Merrill, to\nfind out whether the daily closing Arms index is helpful in pointing the probable direction of the market\non the following day.
The index originally known as TRIN, or the short-term trading index, is now properly labeled the Arms\nindex. (I may have been the first to suggest this change.) The index's usefulness and versatility has been\ndiscussed in several issues of STOCKS & COMMODITIES. Here, I'll address whether the daily closing Arms\nindex is helpful in pointing the probable direction of the market on the following day. To appreciate the\nmeaning of the index, which is defined in the Traders' Glossary, I modified it to the following formula,\nwhich gives the same answer. The numerator is: Total volume declining stocks divided by number of\ndeclining stocks. The denominator is: Total volumes rising stocks divided by number of rising stocks.\nThis modification of the formula shows the index as the average volume of declining stocks divided by\nthe average volume of rising stocks. High figures are bearish; low figures are bullish. This is intuitively\ncontradictory. Richard Arms told me that if he had to do it over again, he'd invert the formula to make\nhigh figures bullish.
In any case, I asked my computer to review a data bank of 435 trading days and report what happened to\nthe DOW Jones Industrial Average (DJIA) on those days after various levels of the closing Arms index."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-4-148-150-closing-arms-by-arthur-a-merrill-c-m-t-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-4-148-150-closing-arms-by-arthur-a-merrill-c-m-t-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-4-148-150-closing-arms-by-arthur-a-merrill-c-m-t-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c04-blendin-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:4 (151-154): Blending Time Frames by Linda Satterfield"",""caption-linebreaks"":""Blending Time Frames\nby Linda Satterfield
The stock market has worlds within worlds, if you think about it — time frames within time frames, all\ninterlinked and interdependent. The problem is, if you look at too small a time frame, you could find\nyourself drowning in minutiae, and if you look at too large a time frame, you could find yourself missing\nsignals of opportunity. There must be a way to equitably look at situations both large and small without\ngetting bogged down. Linda Satterfield has a few suggestions.
For many traders, monitoring intraday charts can be an exciting experience. It's an upgrade into a\nfascinating world of easily accessible knowledge. Before computers, the world of intraday activity could\nonly be laboriously perceived by keeping charts by hand. Now, with the touch of a button or two, a trader\ncan zoom into a one-minute bar chart or back off to the larger perspective of a monthly chart. If the label\nand prices are removed and the scale adjusted, it is impossible to tell which time frame is on the screen.\nSuch a wealth of information can be overwhelming and quite likely to result in a paralyzing situation for\nthe unprepared trader. Which time frame is best for routine trading? Where are the best signals? Is it\nbetter to day trade or r stay a month? Is it possible to suffer from time frame myopia? Is it better to act\nnow or wait for the five-minute chart to go overbought? These are only a few examples of what could\nturn out to be difficult and uniquely personal questions. Trial and error can be an expensive learning\nexperience in a fast-moving market.
By understanding the framework of the market, some of those choices can be simplified and understood\nbetter. Here are some guidelines for integrating the different time frames into a cohesive market\noverview, with an example of the dynamics of the relationships.
Each time frame is inextricably related to the pattern in another. For example, a bearish double top on a\nfive-minute chart can be part of a triangle pattern on a 60-minute chart, which in turn can be part of a topping pattern on a daily chart, which again, in turn, can be the right shoulder of an inverted head and\nshoulders pattern on a weekly chart, which (yes, again) could be a prelude to the third wave explosion on\nthe monthly chart. The action at one level will have implications on the others. What might be a small\nsplash on the monthly chart could become a tsunami on the five-minute chart."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-4-151-154-blending-time-frames-by-linda-satterfield-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-4-151-154-blending-time-frames-by-linda-satterfield-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-4-151-154-blending-time-frames-by-linda-satterfield-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c04-cycles-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:4 (155-159): 1991 Cycles by John F. Ehlers"",""caption-linebreaks"":""1991 Cycles\nby John F. Ehlers
If you've always suspected that contracts have definite personalities, you would have your suspicions\nconfirmed this way. Here's an overview of various cycles that appeared in some futures markets during\n1991, the way only John Ehlers could explain it.
In years past I have reported on the cyclic character of various commodity contracts, concluding that\ntradeable cycles were present from 15% to 30% of the time and that some contracts tend to have definite\ncyclic personalities.These conclusions were reached by making spectral estimates on a daily basis and\nthen gathering and displaying the results in a histogram over the full year. The histogram allowed\nobservation of how many times a 12-day cycle occurred, for example. This approach still makes the\nspectral estimate on a daily basis, but the display has been changed to view the continuity of the cycle\ncontent. This display shows the tradeable cycles, multiple simultaneous cycles and even failure of cyclic\nactivity. The display allows you to pick entry points even when the market is in the trend ode by knowing\nthe position of the superimposed cyclic extremes.
BUT FIRST, A LITTLE THEORY
Imagine a white light shining at a prism. The prism separates the white light, allowing the component\ncolors or wavelengths to be seen. Sir Isaac Newton invented the word \""spectrum\"" to describe the\nseparation into components. Any band of wavelengths can have a spectrum, even the cycle lengths that appear in the market. The spectral estimates in Figures 1 through 12 were made using the MESA\nalgorithm. MESA computations are the functional equivalent of applying the price data to a bank of filters,\nwhich spans cycle periods from eight to 50 days, with each filter in the bank only allowing its tuned cycle\nlength to pass. The amplitudes of the filter outputs are sensed, and these amplitudes are compared to form\nthe spectrum display. Figure 1 shows a theoretical 20-day sinewave cycle. The spectrum window in the\nupper-left-hand corner of the bar chart shows that the 20-day cycle is the only cycle present."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-4-155-159-1991-cycles-by-john-f-ehlers-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-4-155-159-1991-cycles-by-john-f-ehlers-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-4-155-159-1991-cycles-by-john-f-ehlers-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c04-develop-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:4 (160-168): Developing Neural Network Forecasters For Trading by Jeffrey Owen Katz, Ph.D."",""caption-linebreaks"":""Developing Neural Network Forecasters For\nTrading\nby Jeffrey Owen Katz, Ph.D.
Neural networks, for many, still exist only in the realm of theory, without having real, practical, everyday\nuses — yet. But neural network applications need not be confined solely to theory and simulation for\ntrading purposes. Ambitious traders can build neural nets for themselves. There are pitfalls along the\nway, but Jeffrey Owen Katz explains what they are and how to avoid them.
For many traders, neural networks exist only as fantasy, surrounded by an aura of mystery, unknown\nand unexplainable. For some, the term \""neural networks\"" is more or less a recognized one, but the words\ndo not mean much. A few traders have purchased neural network toolkits, thinking they can immediately\nbegin to develop their own neural trading systems, but they have not been particularly successful. Let's\nshed some light on neural networks themselves by looking at a successful neural network forecaster and\nthen seeing how to develop and train neural net forecasters.
The concept of neural network forecasting systems interests traders because neural nets appear to possess\nthe potential to fulfill trading fantasies. The neural network that produced the output in Figure 1 signaled\nfour out of five tradeable bottoms in the Standard & Poor's 500, almost as if it were a \""perfect\""\noversold/not-oversold oscillator; this is especially impressive, considering the data depicted were\ncollected almost a year after the network had last been trained. The network applied what it had\npreviously learned to the new data and then produced forecasts that would have allowed a trader to enter\nlong positions with excellent timing in most instances.
In addition, neural networks compel the interest of traders for a number of other reasons. First, neural nets can cope with \""fuzzy\"" patterns (those easily recognized by eye but difficult to define using precise\nrules—for example, the head and shoulders formation) and deal with probability estimates in uncertain\nsituations; second, neural nets are able to integrate large amounts of information without becoming\nstifled by detail; third, neural nets can \""learn\"" from experience (the design of such systems is not\ndependent on having an already-expert trader on whom to base the rules of an \""expert system\""); fourth,\nneural nets may be retrained and thereby adapt to changing market behavior; and finally, under the\ncorrect circumstances, neural nets, with proper training, would be able to recognize almost any pattern\nthat might exist in any market."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-4-160-168-developing-neural-network-forecasters-for-trading-by-jeffrey-owen-katz-ph-d-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-4-160-168-developing-neural-network-forecasters-for-trading-by-jeffrey-owen-katz-ph-d-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-4-160-168-developing-neural-network-forecasters-for-trading-by-jeffrey-owen-katz-ph-d-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c04-sideexp-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:4 (160-168): SIDEBAR: EXPLAINING r"",""caption-linebreaks"":""EXPLAINING r
Correlation analysis to measure the degree of relationship between two variables. Gives a spreadsheet example and formulas."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-4-160-168-sidebar-explaining-r-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-4-160-168-sidebar-explaining-r-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-4-160-168-sidebar-explaining-r-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c04-trading-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:4 (169-172): Trading Planetary Eclipses by Hans Hannula, Ph.D., C.T.A."",""caption-linebreaks"":""Trading Planetary Eclipses\nby Hans Hannula, Ph.D., C.T.A.
Stock market lore has long been filled with claims that planetary motion affects stock and commodity\nprices. As most market students who pursue this topic find out, however, many rules and explanations of\nwhat causes tops and bottoms in markets contradict each other about which planets are important and\nwhat could cause these effects. There are relationships, but they differ from what one might find in the\nliterature of financial astrology. Hans Hannula explains.
In financial astrology, the angles formed between two planets as viewed from the Earth have either\nbullish or bearish implications for the market. In astrological jargon, these angles are called aspects. The\nangles are measured from a line drawn from the Earth to the sun. When a planet is aligned with the sun, it\nis said to be in geocentric (Earth-based) conjunction, or at zero degrees. If the planet is between the Earth\nand the sun, it is called an \""inferior\"" conjunction. When a planet is positioned so that the Earth is directly\nbetween it and the sun, it is said to be in geocentric opposition, or at 180 degrees. Similarly, if the planet\nis at 90 degrees to the Earth-sun line, the planets are said to be square. Squares are supposedly bearish.\nConjunctions and oppositions are supposedly positive.
But this interpretation is not universally accepted. David Williams, author of Financial Astrology, uses\nan aspect-scoring system in which he attributes bullish or bearish influences to each aspect according to\nwhich two planets are involved. For example, he considers the conjunction of Mercury and Earth\npositive, but that of Mars and Earth negative. Even with this difficulty, however, financial astrologers\nhave used aspect rule-based systems to predict stock movements with enough success that they are still\nwidely followed.
Personal computers have spawned renewed interest in using this approach for trading. First, compute the\ntime of each aspect between each pair of planets and measure the change in market price some time later.\nIf prices are up or down over some threshold, say 70% of the cases, record the aspect as bullish or\nbearish. If it is under the threshold, consider it insignificant. This gives a scoring table for the aspects."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-4-169-172-trading-planetary-eclipses-by-hans-hannula-ph-d-c-t-a-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-4-169-172-trading-planetary-eclipses-by-hans-hannula-ph-d-c-t-a-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-4-169-172-trading-planetary-eclipses-by-hans-hannula-ph-d-c-t-a-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c04-measure-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:4 (173-177): Measuring An Indicator's Forecasting Ability by George R. Arrington"",""caption-linebreaks"":""Measuring An Indicator's Forecasting Ability\nby George R. Arrington
Indicators are used to forecast a market. Traders have their favorite indicators. How can a trader\ndetermine whether an indicator leads the market? How can we tell whether one indicator is superior to\nanother? Arrington explains how to measure a technical indicator's ability to forecast prices.
Many traders use a variety of technical indicators to forecast changes in the prices of stocks and\ncommodities, including such diverse indicators as stochastics, relative strength, on-balance volume,\nsentiment index, weather patterns, candlestick patterns, the Arms index and several pattern recognition\ntechniques such as wave and cycle theories. In addition, many traders have one or two indicators of their\nown devising. A good indicator leads changes, and its signal is helpful when forming a trading strategy.\nDifferent technical indicators are useful at different times and in different markets.
With all the varied technical indicators we have available, how do we evaluate whether and how much an\nindicator leads the market? How do we compare one indicator to another? And how do we determine\nhow much confidence we can put into a particular indicator? A personal computer and spreadsheet\nsoftware with the ability to run simple regressions can help us find out.
Regression analysis is a powerful statistical technique that shows the relationship between two variables\n(one dependent, one independent). It can be used to assess the forecasting ability of a particular indicator\n(the independent variable) by measuring the strength of the relationship between the indicator and\nsubsequent values in the variable being forecast (the dependent variable). Regression analysis can tell us\nwhether the independent variable leads the dependent variable; if so, the length of the lead; and how\nmuch confidence we can have in the relationship."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-4-173-177-measuring-an-indicator-s-forecasting-ability-by-george-r-arrington-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-4-173-177-measuring-an-indicator-s-forecasting-ability-by-george-r-arrington-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-4-173-177-measuring-an-indicator-s-forecasting-ability-by-george-r-arrington-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c04-oncompo-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:4 (178-183): On Composite Sentiment by James P. Martin"",""caption-linebreaks"":""On Composite Sentiment\nby James P. Martin
Despite all the powerful technical tools available, even the savviest technicians are susceptible to\nemotion and on occasion succumb to psychological influences that prevent them from taking appropriate\naction, thus losing out on opportunity. Nevertheless, James Martin writes, how the market reacts is a\nfascinating subject. He continues his quest for more quantifiable measures for sentiment indicators.
In my first article in the June 1990 STOCKS & COMMODITIES, I showed a refinement of traditional call/put\nratios that greatly enhanced their reliability. (See \""Using option ratios,\"" elsewhere.) My second in\nFebruary 1991 delved further into the qualitative interpretation of the ratios and how they should be\ncombined with sentiment surveys and the media. Numerous readers called me, hoping to find some\nmagic mechanical signal that would tell them just when the market was about to turn. I explained that in\nmy sentiment studies I have experimented with simple moving averages, exponential moving averages,\nenvelopes, Bollinger Bands, rates of change and other methods I would be embarrassed to admit that I\ntried in public. While my studies have produced some general guidelines, I have yet to discover anything\npurely mechanical when trading off sentiment indicators.
The heart of the problem lies in determining when traders have truly put their money where their mouths\nare. Is an opinion survey reading at, say, one standard deviation coupled with a call/put ratio at plus two\nstandard deviations a significant contrary opinion signal? Or is it merely a sign that a handful of savvy\nprofessionals have made sizable bets in the options market, thereby skewing the options ratios?\nConversely, if sentiment surveys move sharply but option activity remains subdued, is it a sign that traders are already committed and are now merely \""talking their own book\""? Or will options traders be\ndrawn in further before the market turns? This dilemma has led many traders to dismiss sentiment\nindicators as being too subjective to be considered valuable timing tools."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-4-178-183-on-composite-sentiment-by-james-p-martin-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-4-178-183-on-composite-sentiment-by-james-p-martin-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-4-178-183-on-composite-sentiment-by-james-p-martin-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c04-sideusi-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:4 (178-183): SIDEBAR: USING OPTION RATIOS"",""caption-linebreaks"":""USING OPTION RATIOS
To many traders and investors, the limited-risk aspect of the purchase of both call and put ratios is\nappealing. Many market followers believe that when the major activity is concentrated in either calls\n(bullish expectations) or puts (bearish expectations), extremes in crowd psychology will appear. An\noverabundance of optimism usually accompanies a market top, while market bottoms are typified by a\npreponderance of pessimism."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-4-178-183-sidebar-using-option-ratios-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-4-178-183-sidebar-using-option-ratios-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-4-178-183-sidebar-using-option-ratios-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c04-reversi-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:4 (184-186): Reversing Your Losses by John Sweeney"",""caption-linebreaks"":""Reversing Your Losses\nby John Sweeney
Last month, Settlement closed with some incomplete work: the profit and loss charts for trades added\nonto the underlying system that was developed in the months prior. To finish the subject of evaluating\nadd-on trades, I've completed those charts by trading the add-on system for the remaining years of data —\n1991, 1990 and 1988. To recap, the underlying bond trading system trades solely off the 35-day simple\nmoving average of closing bond prices in the December contract. The trend is determined by the 17-day\naverage of the day-to-day difference in the moving average. When the one-day difference is greater than\nthe trend, go long. When less, go short. Use a $700 stop.
The add-on idea was to wait three days to see whether the underlying trade went bad, since experience\nshowed that most of the bad news came quickly. The idea was to enter in the same direction as the\nunderlying trade on the opening of the fourth day and close when the underlying trade closes. The point\nof all this was to illustrate developing a system in gory detail."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-4-184-186-reversing-your-losses-by-john-sweeney-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-4-184-186-reversing-your-losses-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-4-184-186-reversing-your-losses-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c05-ranking-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-5"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:5 (189-194): Ranking The Currency Markets by Tim Hayes"",""caption-linebreaks"":""Ranking The Currency Markets\nby Tim Hayes
The very idea of trading the currency markets can make the most seasoned traders shudder a little, but in\ntruth, doing so could be lucrative when combined with a solid technical system. You can rank currencies\nby averaging the percentage rate of change over various periods. Combining the ranking table with your\ntiming models will help with market timing, too. Tim Hayes, of Ned Davis Research, can fill you in on\nranking the currency markets.
When currency markets come to mind, the risk-averse investor might cringe at the thought of wild\nshort-term swings an environment fit only for short-term futures traders. But for the institutional as well\nas novice investor, an intermediate- to long-term approach toward the currencies can be very rewarding\nwhen based on a proven technical system that effectively reduces risk while enhancing flexibility. While\nidentifying the best currencies to invest in and the optimum junctures for action, an effective currency\ntiming system can add leverage and diversity to your portfolio and help the investor determine when to\nget into and out of foreign stocks, bonds and money market funds denominated in various foreign\ncurrencies
By identifying the major trends and riding them for the intermediate term, the investor need not worry\nabout a one- or two-day spike unless the spike marks the start of a trend change. The reduced risk of the\nlonger-term approach is significant to those who prefer to seek consistent returns rather than risk big\nlosses for big gains."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-5-189-194-ranking-the-currency-markets-by-tim-hayes-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-5-189-194-ranking-the-currency-markets-by-tim-hayes-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-5-189-194-ranking-the-currency-markets-by-tim-hayes-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c05-thetech-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-5"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:5 (195-200): The Technical Song of Bernadette Murphy by Thom Hartle"",""caption-linebreaks"":""The Technical Song of Bernadette Murphy by Thom Hartle
\""The investor is in conflit, right now, because we've had the tremendous advance of consumer stocks\nthroughout the 1980s. What we have is this battle: Should you be following capital goods? Or should you\nstay with growth stocks?\"" — Brernadette Murphy
Bernadette Murphy, C.M.T., of M. Kimelman & Co., who, like so many others, came to Wall Street out of\ncuriosity but never intended to stay, is a longtime veteran of the markets. She has seen fads take the\nStreet by storm and then promptly fade, and she's witnessed market peaks and crashes come and go.\nIndeed, you may have benefited from her expertise from her appearances on Wall Street Week, where\nshe's been a regular panelist for the past 12 years. She also appears weekly on CNBC/FNN and is a\nregular guest on Cable News Network. She's also no newcomer to technical analysis; in fact, she was\nthe fifth president of the Market Technicians Association in the 1970s. S TOCKS & COMMODITIES Editor\nThom Hartle interviewed Bernadette Murphy via telephone on February 21, 1992, inquiring about,\namong other topics, what she witnessed at the conclusions of the bull and bear markets of the 1960s and\nthe 1970s.
So tell us about the early days of your work in the market.
I started out at a conservative, primarily investment banking firm called Ladenburg Thalmann & Co. I\nwas in the trading department. I hadn't really intended to make a career on Wall Street when I started out;\nI was curious about it, and I thought it would be an interesting learning experience.
But you stayed on, obviously.
Well, as with so many others, once you get into the business you find challenges daily, and you find you\nwant to meet them. So I was clerking on the convertible bonds desk when the market crashed in May\n1962, and chaos prevailed. I happened to notice during the hysteria that one of our clients, an insurance\ncompany in Toronto, had really anticipated a change in the direction of the market and for a number of\nmonths before had had scale orders in, which was the way transactions used to be entered. I was intrigued."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-5-195-200-the-technical-song-of-bernadette-murphy-by-thom-hartle-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-5-195-200-the-technical-song-of-bernadette-murphy-by-thom-hartle-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-5-195-200-the-technical-song-of-bernadette-murphy-by-thom-hartle-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c05-optimum-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-5"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:5 (201-207): Optimum Detrending by John F. Ehlers"",""caption-linebreaks"":""Optimum Detrending\nby John F. Ehlers
Look at any price chart, and you'll find that markets move up and down even while in a trend . Removing\nthe trend can help identify short-term turning points. Frequent STOCKS & COMMODITIES contributor John\nEhlers presents different techniques for detrending prices and his optimized detrending method as well.
We want to detrend data because we want to remove the longer-term variations so short term turning\npoints are easier to discern, enabling us to better pinpoint the best entry and exit points for short-term\ntrades. Since the goal of detrending is separation of time variables, it is logical that we can optimize the\ncalculation for our approach to the market. Short-term and long-term variations are synonymous with\nhigh frequency and low-frequency components, respectively. This is important because optimization is\naccomplished using modem digital filter theory. Using filters, we can readily separate the desired\nfrequency components and discard the undesired frequency components. Short term and long term are\nrelative to trading style. A 26-week cycle used by a stock trader is long term for a commodity trader using\ndaily data, for example. Similarly, an intraday trader considers anything longer than several hours to be\nlong term. The optimization we derive considers daily data, but the principles can be expanded for any\ntrading situation.
Before we optimize detrending, let us review conventional detrending techniques for their comparative\nstrengths and weaknesses.
CONVENTIONAL DETRENDING
At least three different detrending techniques can be commonly found: First, calculating the best-fitting\nstraight line as the trendline and subtracting the trendline from the raw data; second, calculating a moving\naverage as a trendline and subtracting that trendline from the raw data; and third, taking the difference of\ntwo data points separated in time.
The easiest way to calculate the best-fitting trendline is to draw a straight line between successive highest\nhighs or lowest lows and then translate this line to the center of the data spread. The best-fitting straight line can also be calculated by linear regression, often desirable because nearby successive maxima cannot\nbe clearly identified. But this calculation can have accuracy problems. The trendline of a perfect sine\nwave taken over one full cycle is exactly horizontal because the sine wave has as many points above zero\nas it does below zero. When we calculate the best-fitting straight line to a single sine wave cycle by linear\nregression, we get the result as seen in Figure 1. We would get the correct result if we took the span\nbetween successive peaks or valleys and would get the incorrect slope in the opposite direction if we took\nthe span over the cycle with a 180-degree phase shift (Figure 2)."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-5-201-207-optimum-detrending-by-john-f-ehlers-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-5-201-207-optimum-detrending-by-john-f-ehlers-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-5-201-207-optimum-detrending-by-john-f-ehlers-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c05-sideopt-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-5"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:5 (201-207): SIDEBAR: OPTIMUM DETRENDING SPREADSHEET EXAMPLE"",""caption-linebreaks"":""OPTIMUM DETRENDING SPREADSHEET\nEXAMPLE
The following is a spreadsheet example (sidebar Figure 1) and a QuickBasic source code (sidebar Figure\n2) of optimum detrending. Our spreadsheet example is for detrending the price data of the bond market\nexample used in Article Figure 9 of the text of the article. Our spreadsheet example uses the variables\nlisted in the text of the article: ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-5-201-207-sidebar-optimum-detrending-spreadsheet-example-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-5-201-207-sidebar-optimum-detrending-spreadsheet-example-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-5-201-207-sidebar-optimum-detrending-spreadsheet-example-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c05-sideund-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-5"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:5 (208-211): SIDEBAR: UNDERSTANDING STANDARD MATHEMATICAL SYMBOLS"",""caption-linebreaks"":""UNDERSTANDING STANDARD\nMATHEMATICAL SYMBOLS
It is inevitable that today's technician will encounter steps to calculating an indicator that uses standard\nmathematical symbols that appear to be beyond simple arithmetic. In reality, these symbols are simply\nshorthand notation for no more than basic arithmetic. The following is a guide and interpretation to\nmathematical symbols commonly seen in STOCKS & COMMODITIES."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-5-208-211-sidebar-understanding-standard-mathematical-symbols-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-5-208-211-sidebar-understanding-standard-mathematical-symbols-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-5-208-211-sidebar-understanding-standard-mathematical-symbols-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c05-thelink-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-5"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:5 (208-211): The Link Between Bonds And Commodities by John J. Murphy"",""caption-linebreaks"":""The Link Between Bonds And Commodities\nby John J. Murphy
Like a set of tumbling dominoes, intermarket analysis is based on the theory that one instrument affected\nwill in turn affect another. Technical pioneer John Murphy, best known for his trailblazing work in\ntechnical analysis and intermarket analysis, explains how that interrelationship between bonds and\ncommodities works.
Intermarket analysis adds another layer to the work of the technician by considering activity in related\nmarkets. Whereas traditional technical analysis treats each market separately, intermarket technical\nanalysis suggests that important directional clues can be obtained in one market by studying what is\nhappening in related markets. The stock market and the U.S. dollar, for example, are influenced by the\ndirection of interest rates. The direction of interest rates, in turn, is influenced by the direction of\ncommodity prices, and so on.
Commodity prices and bond prices usually trend in opposite directions; bond yields trend in the same\ndirection as commodities. Thus, commodities and bonds should be viewed together. Analysis of either\nsector is incomplete without analysis of the other. Figure 1 shows the Commodity Research Bureau (CRB)\nFutures Price Index, a basket of 21 commodities, and bond yields generally trended in the same direction\nfrom 1988 to February 1992. At year-end 1991, the drop in bond yields to new lows was not confirmed\nby the CRB Index, which held above its mid-1991 trough; that divergence was followed by a rebound in\nboth measures."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-5-208-211-the-link-between-bonds-and-commodities-by-john-j-murphy-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-5-208-211-the-link-between-bonds-and-commodities-by-john-j-murphy-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-5-208-211-the-link-between-bonds-and-commodities-by-john-j-murphy-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c05-elapsed-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-5"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:5 (212-213): The Elapsed Time Calculator by Arthur A. Merrill, C.M.T."",""caption-linebreaks"":""The Elapsed Time Calculator\nby Arthur A. Merrill, C.M.T.
Veteran technician Arthur Merrill explains how to derive the number of days, actual or calendar,\nbetween two dates using a simple table and some elementary steps.
Do you need to know the number of calendar days between two dates? Do you need to know the\nnumber of days to the expiration of a futures contract to calculate fair value? Do you need to know the\nnumber of calendar days between two peaks or two troughs to estimate cycle length? Do you need to\nknow the number of days between two dates to calculate interest due?
If so, this table will give you the answer. It's easy. The table will give you a \""day of the year\"" number,\nwhich starts at March 1 to avoid some problems caused by leap year changes. Here's how it works:
..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-5-212-213-the-elapsed-time-calculator-by-arthur-a-merrill-c-m-t-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-5-212-213-the-elapsed-time-calculator-by-arthur-a-merrill-c-m-t-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-5-212-213-the-elapsed-time-calculator-by-arthur-a-merrill-c-m-t-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c05-sidetsi-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-5"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:5 (214-219): SIDEBAR: Calculating TrSI"",""caption-linebreaks"":""CALCULATING TrSI
Calculating the true strength index requires an introduction\nto exponentially smoothed moving averages (EMA):
Exponential Moving Average—The EMA for day D is calculated\nas: EMAD = aPRD + (1-a)EMAD-1 where PR is the price\non day D and a (alpha) is a smoothing constant (0
The true strength index, which was introduced late last year in these pages, may be considered to be a\ncross between a relative strength indicator and a moving average convergence/divergence indicator with\nmany of the desirable properties from each. Creator William Blau, who introduced the indicator to S&C\nreaders last year, explains how to trade with the index.
The true strength index introduced in STOCKS & COMMODITIES November 1991 was discussed as a\nsmooth momentum indicator stripped of high-frequency noise useful for expressing the direction of\nmarket trends, the amount of movement of the market and highlighting market turning points. Figure 1\ndepicts a section of a price chart showing the daily close (with the open, high and low of the price bars\nomitted). Momentum is defined as the close minus the close of an earlier period. The daily momentum is\ntoday's close minus yesterday's close; for example, the one-day momentum is
Mtm = closetoday – closeyesterday
When the close's value increases from one day to the next, the slope of the close curve is positive;\nmomentum is increasing from one day to the next.
On the other hand, if price falls from one day to the next (like C in Figure 1), the price change exhibits a\nnegative slope (that is, it is going down) and has a one-day momentum that is a negative number.\nMomentum describes price changes in magnitude and direction. In Figure 1, for example, the price valley\nat the earliest time shown begins with zero momentum. As time passes, the one-day momentum becomes\npositive and gets larger when prices rally sharply and then as the peak at D gets closer, the rally slows\ndown with decreasing momentum. At the peak itself, the momentum is zero. Immediately past the peak, the momentum changes sign to indicate prices have passed a turning point on their way down.\nMomentum possesses many characteristics necessary for investing and trading in that it expresses the\ndirection of the market and the amount of the movement of the market, and it also highlights market\nturning points. The formula for the true strength index is given by:
..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-5-214-219-trading-with-the-true-strength-index-by-william-blau-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-5-214-219-trading-with-the-true-strength-index-by-william-blau-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-5-214-219-trading-with-the-true-strength-index-by-william-blau-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c05-forcast-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-5"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:5 (220-224): Forecasting Tomorrow's Trading Day by Tushar S. Chande, Ph.D."",""caption-linebreaks"":""Forecasting Tomorrow's Trading Day\nby Tushar S. Chande, Ph.D.
Using linear regression as a crystal ball for forecasting the market? After all, if you were to be able to\ndetermine tomorrow's high, low and close for trend changes and placement of stop points, it would\nsimplify your life immeasurably. Can it work? Tushar Chande explains how it can be done.
Wouldn't you trade better It you could \""see\"" the future? A simple linear regression can provide an\nobjective forecast for the next day's high, low and close. These ingredients are essential for a trading\ngame plan, which can help you trade more mechanically and less emotionally. Best of all, a regression\nforecast oscillator, %F, gives early warning of impending trend changes. The linear regression method is\nwell known for finding a \""best-fit\"" straight line for a given set of data. The output of the regression are\nthe slope (m) and constant (c) of the equation
(1)Y = mX + c
Here, m and c are derived from a known set of values of the independent variable X and dependent\nvariable Y. The relative strength of the linear relationship between X and Y is measured by the\ncoefficient of determination r2, which is the ratio of the variation explained by the regression line to the\ntotal variation in Y. Here is a table to help interpret the values of r 2, which range from 0 to 1:
...
The coining of the term \""regression\"" can be attributed to Sir Francis Galton, who observed in the late\n1800s that tall fathers appeared to have as a rule short sons, while short fathers appeared to have as a rule\ntall sons. Galton suggested that the heights of the sons \""regressed\"" or reverted to the average. Technician\nArthur Merrill also had a good explanation in a recent issue of STOCKS & COMMODITIES, and Patrick\nLafferty recently wrote on an application of multiple regression to gold trading. Virtually all introductory books on statistics have a detailed discussion of the linear regression method."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-5-220-224-forecasting-tomorrow-s-trading-day-by-tushar-s-chande-ph-d-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-5-220-224-forecasting-tomorrow-s-trading-day-by-tushar-s-chande-ph-d-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-5-220-224-forecasting-tomorrow-s-trading-day-by-tushar-s-chande-ph-d-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c05-sideset-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-5"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:5 (220-224): SIDEBAR: SETTING UP AN EXCEL SPREADSHEET"",""caption-linebreaks"":""SETTING UP AN EXCEL SPREADSHEET
Following is an example of setting up an Excel spreadsheet for creating a forecast using a five-day linear\nregression for tomorrow's close. Sidebar Figure 1, Column A, lists the dates and Column D lists the\nclosing prices (the Y variables) used for the forecasted close. ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-5-220-224-sidebar-setting-up-an-excel-spreadsheet-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-5-220-224-sidebar-setting-up-an-excel-spreadsheet-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-5-220-224-sidebar-setting-up-an-excel-spreadsheet-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c05-usingpr-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-5"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:5 (225-228): Using Probability Stops In Trading by Nauzer Balsara, Ph.D."",""caption-linebreaks"":""Using Probability Stops In Trading\nby Nauzer Balsara, Ph.D.
Does controlling losses by using predetermined stop-loss points help? To find out, Nauzer Balsara\nselected randomly moving average crossover systems and ascertained the best stop-loss points to use.\nThen he tested the system over different data. We present his results.
The goal of risk management is conserving capital — getting out of a trade without incurring too much\nof an unrealized loss. The question here is how much is too much? An unrealized loss arises during the\nlife of a trade, representing the difference between the current price and the entry price. An equity\nreduction or drawdown during the life of a trade results from a reduction in the unrealized profit or,\nconversely, an increase in the unrealized loss on a trade.
When confronted with an equity drawdown on an active trade, a trader must choose between two\nconflicting actions: liquidating the trade in an attempt to conserve capital, or continuing with the hope of\nrecouping losses on the drawdown. An unrealized loss might possibly be recouped by continuing with the\ntrade instead of being converted into a realized loss on liquidation. However, if the trade continues to\ndeteriorate, the unrealized loss could multiply. The aim is to be aware of equity drawdowns while\nsimultaneously minimizing the probability of erroneously short-circuiting a trade."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-5-225-228-using-probability-stops-in-trading-by-nauzer-balsara-ph-d-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-5-225-228-using-probability-stops-in-trading-by-nauzer-balsara-ph-d-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-5-225-228-using-probability-stops-in-trading-by-nauzer-balsara-ph-d-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c05-comdata-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-5"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:5 (229-234): Computer Data Conversion by Hans Hannula, Ph.D., C.T.A."",""caption-linebreaks"":""Computer Data Conversion\nby Hans Hannula, Ph.D., C.T.A.
Computers talk to each other all the time — except when you get involved. A familiar feeling? Ever have\ndata you'd love to have on your system, except the data aren't compatible with your setup and you end up\nhaving to input everything all by hand? Well, you're not alone. Fear not, for Hans Hannula explains the\nwhys and wherefores and how to convert that data to your needs.
Not long ago, one of the major problems a technical analyst had was getting data. This usually meant\nhours at the library, scrolling through microfiche of back newspapers. Thanks to the computer age, that\nproblem has disappeared. Stock and commodities data of all sorts are now readily available. The shortage\nproblem has now been replaced by another problem — data in abundance that cannot be used by your\nanalysis programs. Back to square one.
The advent of the personal computer has given individuals the freedom to choose. But when it comes to\ndata formats, that freedom has resulted in a Tower of Babel. There are dozens of data vendors and\nsoftware suppliers that use different data formats. For all the hype, there is no standard data format. If you\nbuy software from CompuTrac, it uses that company's format and cannot necessarily use your CSI data,\nfor example. So your ability to profit from your own technical analysis will be restricted by your ability to\nconvert your data from one format to another. If you can convert the data effectively, you can take\nadvantage of any newly available technical analysis programs.
COMPUTER PRIMER
Let's start with some computer basics. First, I'll assume that you are using an IBM-PC clone and MS-DOS\n5.0. I'll assume you know the bare minimum about using your computer. You probably know that data\nare somehow stored in files on your hard or floppy disk. And you probably know that you can locate the\nfiles with the MS-DOS directory command, DIR. I also assume that you know that there are two kinds of\nfiles, some that contain data and some that contain programs. The program files are those with a .EXE\nextension. Data files can be named anything. They are read and processed by a particular program, which\nmust assume that the data are formatted in a certain way in the data file. For example, a charting program\nmight assume that the data are in a format of YYMMDD H L C, for year_month_day, high, low, close."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-5-229-234-computer-data-conversion-by-hans-hannula-ph-d-c-t-a-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-5-229-234-computer-data-conversion-by-hans-hannula-ph-d-c-t-a-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-5-229-234-computer-data-conversion-by-hans-hannula-ph-d-c-t-a-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c05-sidesam-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-5"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:5 (229-234): SIDEBAR: SAMPLES OF USE"",""caption-linebreaks"":""SAMPLES OF USE
Three samples of data in different programs manipulated to be used in other software trading programs."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-5-229-234-sidebar-samples-of-use-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-5-229-234-sidebar-samples-of-use-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-5-229-234-sidebar-samples-of-use-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c05-calcrel-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-5"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:5 (235-237): Calculating Relative Strength Of Stocks by Robert L. Hand Jr."",""caption-linebreaks"":""Calculating Relative Strength Of Stocks\nby Robert L. Hand Jr.
Heavy on consumer stocks? You may want to rethink your strategy and make some adjustments to your\nportfolio. Robert Hand addresses the shift of leadership early this year from consumer stocks to\ntechnology stocks, and how relative strength can identify emerging trends.
Bear markets come in two forms, the more visible form when all stocks decline below previous lows\nseveral times for a total drop from the highs of more than l5%. The less visible form of bear market is\noften referred to as a sector rotation and is less visible because the changes cannot be easily quoted in\ntelevision news. Sector rotation occurs when there is a change in leadership of an industry group. The\nstocks of the old leaders, consumers, are falling in value while the stocks of the new leaders, technology,\nare rising in value. Sometimes, a function of a bear market is to effect such a change in leadership, but\nrecently this sector rotation has taken effect even though the Standard & Poor's 500 is reaching new highs\n(Figure 1). You'd miss this sector change completely if you didn't use relative strength analysis.
RLATIVE STRENGTH MOVES
Relative strength determines how much an individual stock has moved relative to the market as a whole,\nso it detects underperformance. The formula used to measure this (see sidebar, \""Calculating relative\nstrength\"") is:
..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-5-235-237-calculating-relative-strength-of-stocks-by-robert-l-hand-jr-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-5-235-237-calculating-relative-strength-of-stocks-by-robert-l-hand-jr-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-5-235-237-calculating-relative-strength-of-stocks-by-robert-l-hand-jr-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c05-siderel-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-5"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:5 (235-237): SIDEBAR: CALCULATING RELATIVE STRENGTH"",""caption-linebreaks"":""CALCULATING RELATIVE STRENGTH
Calculating relative strength performance in a spreadsheet is easy. Ours example, sidebar Figure 1, uses\nthe closing price of Pepsico (column A) versus the closing price for the S&P 500 (column B). Any two\nitems can be compared. ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-5-235-237-sidebar-calculating-relative-strength-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-5-235-237-sidebar-calculating-relative-strength-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-5-235-237-sidebar-calculating-relative-strength-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c06-stockse-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-6"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:6 (239-242): Stock Selection by Arthur A. Merrill, C.M.T."",""caption-linebreaks"":""Stock Selection\nby Arthur A. Merrill, C.M.T.
How does a veteran technician like Arthur Merrill select stocks for investment? He explains that it's not\nthe simplest of methods and it does require research and work, but the results, he notes, are worth it—his\ngrowth stock index started at 874 in 1965, at the level that the DJIA was back then; when the DJIA\nreached 3169 recently, Merrill's index hit 15,149!
I have been asked how I pick stocks for investment. I have a definite preference for growth stocks —\nstocks that have been delivering a consistent and rapid growth in earnings per share (EPS). This\npreference limits me to specific parameters. It rules out turnaround situations, which can be profitable. It\nrules out stocks that are bargains because of temporary poor performance. However, adhering to the\npolicy appears to outperform the Dow Jones Industrial Average (DJIA) handsomely over the years. I\nstarted a price index of a group of growing companies back in 1965, when the DJIA was at 874. I started\nmy growth stock index at the same figure. When the DJIA reached 3169 recently, my growth stock index\nhad achieved a level of 15,149!
I check the earnings record of each potential stock over the past five years. If there has been a decrease in\nany year, the stock is deleted from the list of potentials. I check the earnings quarterly over the last two\nyears; if the EPS in any quarter is lower than in the same quarter of the preceding year, the stock is again\ndeleted from my list. A regression line is then fitted to the earnings per share, and the most rapid are\npulled out for me to study further."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-6-239-242-stock-selection-by-arthur-a-merrill-c-m-t-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-6-239-242-stock-selection-by-arthur-a-merrill-c-m-t-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-6-239-242-stock-selection-by-arthur-a-merrill-c-m-t-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c06-global-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-6"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:6 (243-246): Global Analyst Mitzi Wilson Carletti by Thom Hartle"",""caption-linebreaks"":""Global Analyst Mitzi Wilson Carletti by Thom Hartle
Senior research analyst Mitzi Wilson Carletti joined Frank Russell Company as a research analyst in\n1988 from Merrill Lynch. Carletti researches, monitors and evaluates international money managers as\nwell as assisting client executives and other research staff to develop client strategy recommendations. In\naddition, she oversees and is responsible for non-U.S. derivative and global tactical asset allocation\nresearch. STOCKS & COMMODITIES Editor Thom Hartle spoke with Carletti on March 27, 1992, via\ntelephone interview, on topics ranging from non-U.S. markets to the ups and downs of the Japanese\nmarkets.
\""I think investors should be looking outside the U.S. for investments for two reasons: to reduce risk by a\ndiversification and to increase long-term returns. \"" –Mitzi Wilson Carletti
I'd like to start with your background. How did you get started in the business?
Well, from 1979 to 1981, I was an associate in the stock lending department of Merrill Lynch, Pierce,\nFenner & Smith's San Francisco office, where I was also the liaison between the firm's New York office\nand the Pacific Coast depository. Later, I was responsible for order control on the options floor of the\nPacific Stock Exchange. I then became a financial consultant with Merrill Lynch's Seattle office from\n1981 to 1988. I came to Frank Russell Company in 1988.
Do you focus on some specific non-U.S. markets?
I focus on managers based in the U.K. and continental Europe. I'm also responsible for researching global\ntactical asset allocation managers and non-U.S. derivative products."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-6-243-246-global-analyst-mitzi-wilson-carletti-by-thom-hartle-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-6-243-246-global-analyst-mitzi-wilson-carletti-by-thom-hartle-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-6-243-246-global-analyst-mitzi-wilson-carletti-by-thom-hartle-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c06-sidevol-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-6"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:6 (247-250): SIDEBAR: THE VOLUME INDEX AND ON-BALANCE VOLUME"",""caption-linebreaks"":""THE VOLUME INDEX AND ON-BALANCE\nVOLUME
The volume index is a sum of each financial index's current on-balance volume (OBV) reading.\nOn-balance volume is an indicator based on each day's change and the accompanying volume. ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-6-247-250-sidebar-the-volume-index-and-on-balance-volume-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-6-247-250-sidebar-the-volume-index-and-on-balance-volume-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-6-247-250-sidebar-the-volume-index-and-on-balance-volume-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c06-financi-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-6"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:6 (247-250): The Financial Volume Index Expanded For The l990s by Patrick Cifaldi, C.M.T."",""caption-linebreaks"":""The Financial Volume Index Expanded For The\nl990s\nby Patrick Cifaldi, C.M.T.
The financial volume index, which was first introduced by Patrick Cifaldi in the pages of STOCKS &\nCOMMODITIES in 1989, takes on and uses the study of volume, surprisingly underutilized in technical\nanalysis. The index combines futures contracts, the Dow Jones Utility Index and the Dow 20 Bond Index,\nand here, Cifaldi examines its uses for the current decade.
In the study of technical analysis, price data are the information most often used in research. Often\nunderplayed is the study of volume, either by itself or in tandem with price analysis . Most often, volume\nis used to confirm that a price move is being supported by sufficient power to continue the movement. If\nvolume is not sufficient (usually measured on a relative basis), then a warning that a change in trend is\nlikely may be signaled. Volume is the gas that runs the engine of the investment. The more volume, the\nmore gas—or potential for a move.
VOLUME STUDY
Of course, volume is not a new study. L.M. Lowry was one of the most famous masters of volume\nstudies. His most famous and flamboyant of the volume studies masters is Joseph Granville. His\nnever-ending vigilance in continuing volume research has always been both inspiring and impressive.
I initiated the research that led to the development of the financial volume index (FVI) in summer 1987. I was employed by a regional bank as a government Treasury bill trader at the time, and I was leery of the\nequity markets' technical condition. In my own trading account, I had sold all my equities in July that year\nand tried shorting the market several times. Nothing seemed to work, as the equities were having an\ninverse reaction to a rise in rates. ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-6-247-250-the-financial-volume-index-expanded-for-the-l990s-by-patrick-cifaldi-c-m-t-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-6-247-250-the-financial-volume-index-expanded-for-the-l990s-by-patrick-cifaldi-c-m-t-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-6-247-250-the-financial-volume-index-expanded-for-the-l990s-by-patrick-cifaldi-c-m-t-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c06-chaos-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-6"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:6 (251-253): Chaos Theory And Neural Network Analysis by John Kean"",""caption-linebreaks"":""Chaos Theory And Neural Network Analysis\nby John Kean
Do markets have memory? In this new theory by Edgar Peters, an offshoot of chaos theory, John Kean\nexplains, markets can be regarded as nonlinear dynamic systems, and neural networks can be used to\nanalyze and gauge behavioral patterns in price change data useful in prediction.
It's convenient that, at a time when the T behavioral natures of commodity and financial markets are\nbeing rethought, a new technique for examining the data has appeared. Chaos theory, in its in fancy,\nchallenges the statistically based conventional view of markets as unforecastable series of random events\n. A recently published work by Edgar Peters presents evidence that markets do have memory, which\nresults in price change trends, compared with reversion to a mean. To the extent that markets are indeed\nchaotic, they are best thought of as nonlinear dynamic systems—complicated and difficult to deal with\nusing normal analytical methods. Neural networking is a powerful new method of dealing with data that\ncan provide a test of whether market prices are in any way prophetic, and so whether the conventional\nview of markets holds.
SELF-TAUGHT INTELLIGENCE
Neural networks are an advanced type of artificial intelligence in which the system teaches itself to solve\nproblems. The internal methods by which the system performs its self-teaching had their origins in the\nongoing studies of animal and human intelligence. The process involves furnishing the program with a\npaired series of input data that leads up to an output event, which in turn would be used to form a\nprediction. The neural network program then takes the series of inputs, computes its own outputs and\ncompares them to the actual outputs. In the process of trying to get as many of the computed outputs within the given tolerance limits of the actual outputs, the neural program modifies connection strengths\namid the neurons that make up the network and thus trains itself. A succession of runs is made through\nthe data until the level of accuracy that is desired is reached. At that point, the \""trained\"" network is ready\nto be applied to real-world situations."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-6-251-253-chaos-theory-and-neural-network-analysis-by-john-kean-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-6-251-253-chaos-theory-and-neural-network-analysis-by-john-kean-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-6-251-253-chaos-theory-and-neural-network-analysis-by-john-kean-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c06-thelink-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-6"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:6 (254-256): The Link Between Bonds And Stocks by John J. Murphy"",""caption-linebreaks"":""The Link Between Bonds And Stocks\nby John J. Murphy
Intermarket analysis is based on the premise that all markets are linked. Last month, technical\ntrailblazer John J. Murphy explored the inverse interrelationship between commodity and bond prices;\nthis month, he examines the relationship between bonds and stocks and how bond prices can be used as a\nleading indicator for stocks. Take a look.
Bonds and stocks usually trend in the same direction. However, it's not as simple as that. At important\nturning points, bond prices usually turn ahead of stocks. At bottoms, bond prices usually turn up before\nstocks. At tops, bond prices usually turn down before stocks. Viewed in that fashion, bond prices can be\nused as a leading indicator for stock prices.
The tendency for bond prices to turn ahead of stocks also explains the apparent \""decoupling\"" that often\noccurs when bonds and stocks trend in different directions. What may appear to some to be a\n\""decoupling\"" is an early warning to others who are aware of the interrelationship between the two. A\ndramatic example of that phenomenon occurred in 1987, when bonds plunged during April (coinciding\nwith a strong upturn in commodity prices), four months before the August peak in stocks. During mid\n991, bonds turned up six months before stocks. Figures 1 through 3 compare bonds futures with the\nStandard & Poor's 500 index over three timespans beginning shortly after the 1987 crash."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-6-254-256-the-link-between-bonds-and-stocks-by-john-j-murphy-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-6-254-256-the-link-between-bonds-and-stocks-by-john-j-murphy-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-6-254-256-the-link-between-bonds-and-stocks-by-john-j-murphy-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c06-trading-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-6"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:6 (257-260): Trading Bond Funds by Joe Duarte"",""caption-linebreaks"":""Trading Bond Funds\nby Joe Duarte
Bond funds have become popular investment vehicles for income-oriented investors. The bond market,\nhowever, is often much more responsive to news events, especially in times of high government deficits\nand international markets, than the stock market is. Therefore volatility is often present and can be\nextreme. As a result, technical intermarket analysis can be a useful tool in trading the bond market. Joe\nDuarte explains.
Traders and investors must have an excellent knowledge of the underlying conditions that affect this\nmarket. It is virtually impossible to anticipate news events and how financial and commodity markets\nwill react to them. By using key indicators that reflect the expectations and the sentiment of influential\nmarket participants, individual investors and traders can enhance bond fund returns by timing aggressive\nzero-coupon bond funds. I use the Benham Target 2020 fund as a proxy for the U.S. 30-year Treasury\nbond.
Because markets often trade based on the expectations and perceptions of the participants, I use\nindicators that reflect the views of large interests, such as international corporations, smart speculators\nand large institutions. These indicators meet those criteria.
GREAT EXPECTATIONS ?
The average maturity in days of money market fund portfolios reveals the expectations of a very large\ngroup of well-informed interest rate watchers, short-term money managers . Their knowledge of the\nshort-term domestic and international debt obligations market, both government and corporate, is\nreflected in the length of maturity of their portfolio. When they expect higher interest rates, they decrease\nthe length of the maturities to escape holding low-yielding assets for prolonged periods and vice versa.\nThis indicator is reported weekly in Barron's, Investor's Business Daily and The Wall Street Journal ."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-6-257-260-trading-bond-funds-by-joe-duarte-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-6-257-260-trading-bond-funds-by-joe-duarte-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-6-257-260-trading-bond-funds-by-joe-duarte-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c06-basicmm-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-6"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:6 (261-264): The Basics Of Managing Money by Robert P. Rotella"",""caption-linebreaks"":""The Basics Of Managing Money\nby Robert P. Rotella
A trader can score that one big win, but it's all for naught if he can't hold onto his profits. Money\nmanagement is the step both before and after trading, the study of risk and reward and how best to\nutilize investment capital—and keep it. Here's an excerpt from The Elements of Successful Trading,\nscheduled for release in June 1992 from New York Institute of Finance.
Money management is the evaluation of risk and reward in trade or portfolio and determining the\nmost efficient use of investment capital. Money management is the study of risk and return; we are trying\nto get the best return for the money we risk. Money management involves these steps:
1. Determining the different kinds of risk in any trade.
2. Deciding how much risk to take on a trade.
3. Assessing the amount of return on a trade for a given level of risk.
4. Deciding whether to accept the return and risk.
5. Implementing the entire process.
This process can be a lot of work, but it is also worth the effort. Money management is important to\ntrading successfully, yet most traders do not understand it. Money management is important to success\nfor practical reasons. How much money should be risked on a trade? If a trader risks too much money, then there is always a fair chance of losing all the capital in one disastrous trade or a series of losing\ntrades. On the other hand, if the trader risks too small an amount of money, then the capital will be\nunderutilized and the trader will not achieve as high a return as may be possible. There is not much sense\nin trading commodities and obtaining returns equivalent to Treasury bills because the risk is so much\ngreater but the return is not."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-6-261-264-the-basics-of-managing-money-by-robert-p-rotella-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-6-261-264-the-basics-of-managing-money-by-robert-p-rotella-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-6-261-264-the-basics-of-managing-money-by-robert-p-rotella-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c06-sidemas-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-6"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:6 (265-267): SIDEBAR: THE MASS INDEX AND MOVING AVERAGE FORMULAS"",""caption-linebreaks"":""THE MASS INDEX AND MOVING AVERAGE\nFORMULAS
The mass index is a 25-day moving sum of a ratio of two moving averages. The numerator of the ratio is\nthe exponentially smoothed moving average of the daily ranges. The denominator is the numerator\nsmoothed a second time. ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-6-265-267-sidebar-the-mass-index-and-moving-average-formulas-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-6-265-267-sidebar-the-mass-index-and-moving-average-formulas-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-6-265-267-sidebar-the-mass-index-and-moving-average-formulas-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c06-themass-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-6"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:6 (265-267): The Mass Index by Donald Dorsey"",""caption-linebreaks"":""The Mass Index\nby Donald Dorsey
Range oscillation, not often covered by students of technical analysis, delves into repetitive market\npatterns during which the daily trading range narrows and widens. Examining this pattern, Donald\nDorsey explains, allows the technician to forecast market reversals that other indicators may miss.\nDorsey proposes the use of range oscillators in his mass index.
Range oscillation is one of the least explored areas of technical analysis. Typically, markets tend to\nrepeat a pattern in which the average daily range (that is, the difference between the high and low)\noscillates from narrow to wide and back again. Oftentimes, this pattern will predict critical market\nreversals, while traditional technical indicators may miss them. The mass index is designed to identify\nimportant changes in daily ranges; in fact, the mass index has proved its ability to measure range\noscillation patterns and depict market turns with precision. (See sidebar, \""The mass index and moving\naverage formulas.\"")
The most important pattern in range oscillation analysis is the reversal bulge, a gradual but definite\nincrease of the average daily range that indicates the market is near a turning point. Little is known about\nrange oscillation patterns because they can be difficult or even impossible to spot on an ordinary graph,\nbut with the use of a smoothed graph, an ideal reversal bulge can be clearly seen (Figure 1). The overall\naction of the market is unimportant to the pattern. Whether the bulge occurs while the market is tracing\nout a wide trading range or while the market is rocketing forward at increasing momentum, the result is\nthe same."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-6-265-267-the-mass-index-by-donald-dorsey-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-6-265-267-the-mass-index-by-donald-dorsey-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-6-265-267-the-mass-index-by-donald-dorsey-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c06-sidegan-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-6"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:6 (268-271): SIDEBAR: GANN'S 28 TRADING RULES"",""caption-linebreaks"":""GANN’S 28 TRADING RULES
1. Never risk more than 10% of your trading capital in a single trade.
2. Always use stop-loss orders.
3. Never overtrade."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-6-268-271-sidebar-gann-s-28-trading-rules-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-6-268-271-sidebar-gann-s-28-trading-rules-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-6-268-271-sidebar-gann-s-28-trading-rules-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c06-thegann-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-6"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:6 (268-271): The Gann Method by John J. Blasic"",""caption-linebreaks"":""The Gann Method\nby John J. Blasic
W.D. Gann's trading methodologies are not always easy to define or to analyze, which is a pity, since\nthey can be applied to everyday trading principles across many different markets when interpreted\ncorrectly . John Blasic simplifies Gann's techniques in this article into terms more easily understood,\nsketching a brief background of the essential elements and how the applications can be applied within\nyour trading strategy.
W. D. Gann firmly believed that knowledge is the foundation of all successful analysis. He constantly\nstressed that a novice should learn from the experts first hand and apply this knowledge daily. He viewed\nthe future as simply being a repetition of a consensus of opinion of the past. Once a game plan has been\ndeveloped, it is important to adhere to it and take advantage of the opportunities as they are presented.\nKnowledge and patience is the first phase of the game plan and stop-loss orders are the second phase.\n\""You cannot get something good for nothing. You must pay with time, money or knowledge for success,\""\nhe stressed. Gann considered this the key, and the only key, to becoming successful. Many of Gann's\nrules for trading are still followed daily. They have withstood the test of time by holding up in different\nmarket environments. (See \""Gann's 28 trading rules.\"")
While Gann was successful with methodologies, he also researched the human element of trading and\nhow the elements influenced different investors in different markets. He observed a vast array of methods\nthat took into account factors that caused investors to buy at the top and sell at the bottom. Gann\ndeveloped other rules to allow traders to take advantage of anticipated market movements through entry\nand exit points . This let traders \""never to trade on hope and fear, but enabled them to know why the trade\nis being made,\"" because anything else wasted not only time but also money. The human element has\nbeen, and always will be, the greatest weakness. The stock market is driven by human energy, and the\nhabits and methods of individuals in the market will always be the driving force in the market. This\nallows the investor to buy and sell on solid ground rather than buying hope, which is another form of\ngambling. Do the opposite of what the general public is doing. Act when others are tiring. Investors\nshould use their time to study human nature to anticipate when the crowd will throw in the towel."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-6-268-271-the-gann-method-by-john-j-blasic-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-6-268-271-the-gann-method-by-john-j-blasic-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-6-268-271-the-gann-method-by-john-j-blasic-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c06-price-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-6"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:6 (272-274): Price: The Ultimate Indicator? by Roger Altman"",""caption-linebreaks"":""Price: The Ultimate Indicator?\nby Roger Altman
What does it take to make consistent profits trading commodities? Roger Altman theorizes that like\nsupport and resistance levels in stock charts, historical floor and ceiling prices in commodities can be\nused to gauge relative cheapness and richness of prices and whether a price decline or increase is likely.
Despite the use of an array of sophisticated and esoteric indicators, most commodity newsletter trade\nrecommendations lose money. According to Commodity Trader's Consumer Report, which tracks the\nperformance of 26 commodity newsletter writers, the average return for 1989 was -14.9%, -5.4% for\n1990 and -27.7% for 1991. In fact, only three of 26 newsletter writers made more than 10% for their\nsubscribers last year. Since the vast majority of these newsletter writers are trend followers, just what\ndoes it take to make consistent profits trading commodities?
ECONOMICS 101
A basic course in economics can tell you that a relationship exists between supply and demand. If farmers\nreap a bumper crop, oversupply swamps demand and prices plummet. Conversely, when drought or\ninsects decimate crops, demand overpowers limited supply and prices rise dramatically. So how can\ntraders use this fundamental economic truism to decide when to buy and sell? The answer is simple. You\nsimply wait until prices reach such historic extremes that commodity producers as well as consumers are forced to make significant adjustments to future production and consumption. Very low prices tend to\ndiminish future supply because marginal producers begin to lose money and cease operation. As prices\ncontinue to decline, future supply begins to dry up and consumers switch to a less expensive commodity,\nincreasing demand, so that ultimately, prices stop declining and begin to rise. In other words, with each\nprice decline to new extremes, the probability of a price rise increases ."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-6-272-274-price-the-ultimate-indicator-by-roger-altman-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-6-272-274-price-the-ultimate-indicator-by-roger-altman-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-6-272-274-price-the-ultimate-indicator-by-roger-altman-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c06-sidemov-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-6"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:6 (275-278): SIDEBAR: MOVING AVERAGE CALCULATIONS"",""caption-linebreaks"":""MOVING AVERAGE CALCULATIONS"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-6-275-278-sidebar-moving-average-calculations-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-6-275-278-sidebar-moving-average-calculations-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-6-275-278-sidebar-moving-average-calculations-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c06-basicma-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-6"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:6 (275-278): The Basics Of Moving Averages by George R. Arrington, Ph.D."",""caption-linebreaks"":""The Basics Of Moving Averages\nby George R. Arrington, Ph.D.
Moving averages are one of the most common technical tools that technicians, both veteran and novice,\nmay take advantage of. But for those novices, the concept may be somewhat confusing. What is a moving\naverage, anyway? And what about all those variations — linear, stepweighted, exponential, even\ntriangular? George Arrington explains the basics of the moving averages. And for those veteran traders\nout there, it never hurts to brush up on those basics.
The first maxim a trader learns is to \""buy low and sell high.\"" The trick, however, is to identify when\nthe lows and highs occur and to act before others in the market. Trading profits go to those who are both\ncorrect and early. Trading losses go to virtually everyone else.
A moving average is probably the most common tool used by technicians to identify market trends. A\nmoving average eliminates minor fluctuations in prices and helps identify any underlying trend (Figure\n1). Moving averages may be constructed in a variety of ways. The most frequently used are, the simple,\nlinear and exponential moving averages (see \""Moving average calculations\""), but others such as\ntriangular and step-weighted moving averages are also used by traders.
The biggest difficulty in constructing a moving average is building one that is sensitive enough to signal\nwhen a new trend has begun (or when an old trend has ended), yet insensitive enough to ignore\nshort-term random price movements (or \""data noise\""). If the moving average is too sensitive, random\nnoise, can give false signals and generate unnecessary trades (whipsaws) and excessive commissions.\nThere are several basic methods of applying data filters to data to segregate short-term random price\nmovements from the underlying trend."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-6-275-278-the-basics-of-moving-averages-by-george-r-arrington-ph-d-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-6-275-278-the-basics-of-moving-averages-by-george-r-arrington-ph-d-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-6-275-278-the-basics-of-moving-averages-by-george-r-arrington-ph-d-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c06-identif-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-6"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:6 (279-282): Identifying Trading Opportunities by Thom Hartle"",""caption-linebreaks"":""Identifying Trading Opportunities\nby Thom Hartle
One of the most important aspects of any trade is timing the entry. Perhaps surprisingly, daily and\nweekly analysis can be instrumental in planning an entry for long-term trades. Here's an overview on\nhow to use daily and weekly technical analysis to identify trading opportunities that may only come up\nonce a year. S&C Editor Thom Hartle outlines a complete approach to trading, incorporating basic\ncharting and trendline plotting, the stochastics oscillator and momentum studies.
Over the years, my trading style has evolved out of necessity. What could possibly cause anyone to\nalter his or her trading approach? Losses, of course! It's easy to avoid losses — don't trade. But that\napproach is too extreme for me, and it doesn't meet my other goals. Thus, the challenge for me is to\nidentify situations that offer the best opportunity for making money with the least amount of risk.
My early reading of the literature of technical analysis revealed that the trading concept stressed most\noften was trend following. The literature was — and is — full of charts showing beautiful trends with\nsimple moving averages plotted over the prices. It looked easy until I faced the problem of getting on\nboard the trend. First, there was the possibility that the trend had been in force for some time and a\nconsolidation or reversal of the trend could occur. Second, there was another possibility. The market\ncould stay in a trading range for some time. If that happened, each position taken with each false trend\nindication would result in an equity drawdown.
Moreover, simply acting on trading signals didn't work for me; I needed additional filters to reduce the\nnumber of false trades. The technique that helped me the most had very little to do with trend following\n— a return to basic chart analysis. I decided to outline my methodology for approaching a trade using\nbasic chart analysis and additional trading techniques applied to the bond market."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-6-279-282-identifying-trading-opportunities-by-thom-hartle-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-6-279-282-identifying-trading-opportunities-by-thom-hartle-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-6-279-282-identifying-trading-opportunities-by-thom-hartle-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c06-sideind-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-6"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:6 (279-282): SIDEBAR: INDICATOR TRIX"",""caption-linebreaks"":""INDICATOR TRIX
The indicator TRIX is an oscillator designed to indicate changes in momentum and a filter of random\nmarket noise. The process is the triple exponential smoothing of the log of price. The indicator is the\none-day difference of the smoothed data. ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-6-279-282-sidebar-indicator-trix-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-6-279-282-sidebar-indicator-trix-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-6-279-282-sidebar-indicator-trix-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c06-reversi-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-6"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:6 (283-285): Reversing For Dollars by John Sweeney"",""caption-linebreaks"":""Reversing For Dollars\nby John Sweeney
Harebra ined ideas bein g a plentiful ite m in my daydreams, the idea tha t I mentione d in April's\nSettlement tha t I implement a n automa tic reversin g tra de at my maximum a dverse excursion ( MAE) stop\npoint had less than a 2% chance of survival after analysis. I tested it anyway. (To spare your digging out\nold issues, this idea is ex plained in Figure 1.)
BUT FIRST, A SYNOPSYS
Anyone who dropped in on this Settlement without having read the last five must be wondering what in\nthe world I'm talking about. Briefly, I defined a basic, underlying trading rule in the November 1991\nSettlement with no more than a casual observation from a chart. That turned out to be profitable. Next, I\nshowed how to measure the system's behavior to put in stops at the right place (December). Then I tested\nthe system (January) successfully on five years of data. Emboldened, I next tried to define an add-on\ntrade—a separately capitalized trading opportunity triggered by the underlying trade, only to fail\n(February). I had better luck in March and April finding a viable add-on strategy. In April, the whole\nreversing discussion began, culminating here."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-6-283-285-reversing-for-dollars-by-john-sweeney-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-6-283-285-reversing-for-dollars-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-6-283-285-reversing-for-dollars-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c07-sidettr-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-7"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:7 (287-290): SIDEBAR: T-TEST RETURNS"",""caption-linebreaks"":""T-TEST RETURNS
For each of the 10 trading strategies, Article Figure 2 presents the mean quarterly net returns, the standard\ndeviation of these returns, the results of the t-test, the autocorrelation coefficient (the column titled Auto\ncontains the estimated values of the correlation coefficient between adjacent returns), and the value of the\nShapiro-Wilkes statistic (the column titled S-W). The Shapiro-Wilkes test statistic is bounded between 0\nand 1, with small values cause for rejection of the null hypothesis; the distribution of the Shapiro-Wilkes\ntest statistic is right-skewed and, thus, even relatively large values can lead to rejection. The seven\ntrading strategies in Article Figure 2 that are marked with a single asterisk are characterized by statistical\nsignificance at the 5% level."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-7-287-290-sidebar-t-test-returns-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-7-287-290-sidebar-t-test-returns-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-7-287-290-sidebar-t-test-returns-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c07-technic-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-7"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:7 (287-290): Technically Trading The Yen With Money Management by Timothy L. Krehbiel, Thomas P. Drinka, and Gisele F. Hamm"",""caption-linebreaks"":""Technically Trading The Yen With Money\nManagement\nBy Timothy L. Krebiel, Thomas P. Drinka, Gisele F. Hamm
Any good trading methodology includes selecting the best indicators for a tradeable and applying money\nmanagement techniques to hold on to profits. In the April 1990 STOCKS & COMMODITIES, 34 indicators\nwere tested for profitability. Here, Timothy Krehbiel, Thomas Drinka and Gisele Hamm take the\nindicator that was found to be most profitable and combine it with different money management\ntechniques to statistically test for profitability. First, the indicator and money management strategy was\noptimized over one year's worth of data. Then the strategy was tested for the following quarter. Next, the\nsimulator moved everything up one quarter and repeated the process. The goal of the study was to\ndetermine if money management strategies could enhance the profitability of optimized trading strategies.
Speculators and commercial hedgers who trade currency futures often use technical analysis to\ndetermine trading signals. Previously, we reported on the profitability of 34 technical indicators used to\nsimulate trading of the International Money Market (IMM) yen futures contract; some of these indicators\nexploited price trends, while others exploited price volatility.
This time, we report on the results of a second study that builds on the results of the speculation study\nonly. For this study, we selected the technical indicator that appeared to be the most profitable in the\nprevious study and used it with various money management strategies to assess the impact of these\nstrategies on profitability."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-7-287-290-technically-trading-the-yen-with-money-management-by-timothy-l-krehbiel-thomas-p-drinka-and-gisele-f-hamm-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-7-287-290-technically-trading-the-yen-with-money-management-by-timothy-l-krehbiel-thomas-p-drinka-and-gisele-f-hamm-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-7-287-290-technically-trading-the-yen-with-money-management-by-timothy-l-krehbiel-thomas-p-drinka-and-gisele-f-hamm-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c07-elizabe-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-7"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:7 (291-295): Elizabeth Marbach of Rodman & Renshaw by Thom Hartle"",""caption-linebreaks"":""Elizabeth Marbach of Rodman & Renshaw by Thom Hartle
Elizabeth Marbach, first vice president and broker/analyst in the financial futures group for Rodman &\nRenshaw, started out in the early 1980s down in the Treasury bill trading pit on the Chicago Mercantile\nExchange floor before eventually moving off the exchange floor. S TOCKS & COMMODITIES Editor Thom\nHartle interviewed Marbach on April 20, 1992, on topics ranging from the Eurodollar market to the\ndangers of pyramiding.
So how did you get started in the business?
Well, I started out in the government bond department at Continental Illinois in the late 1970s, where I\nsold cash governments, money markets and munis. Then I got into the futures market in 1981 down on\nthe floor of the Chicago Mercantile Exchange in the Treasury bill pit. Treasury bill futures, if you'll\nrecall, preceded Eurodollar futures and Standard & Poor's futures markets. Eventually, I moved off the\nfloor, working with customers as a broker and as an analyst for eight years at Drexel Burnham Lambert\nand the last two years at Rodman & Renshaw.
What are some of the big differences in financial futures between today and when you first worked on\nthe floor, considering how much financial futures have changed over the years?
Well, we're talking about more than 10 years ago. At that time you had people who were just getting into\nfinancial futures. There was a difference in terms of who traded the markets. Some knew the cash\nmarkets, while others knew the futures markets. With some exceptions, there weren't many who\nunderstood both. Different traders followed their own set of guidelines for their own markets. Futures\ntraders watched more for either the technicals or the underlying specifics of the contracts — for example,\nfutures traders would follow the cash and carry for the bond contract. The bottom line was that two\ndistinct groups were trading these instruments, converging at the time of delivery."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-7-291-295-elizabeth-marbach-of-rodman-renshaw-by-thom-hartle-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-7-291-295-elizabeth-marbach-of-rodman-renshaw-by-thom-hartle-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-7-291-295-elizabeth-marbach-of-rodman-renshaw-by-thom-hartle-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c07-damping-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-7"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:7 (296-299): The Damping Index by Curtis McKallip Jr."",""caption-linebreaks"":""The Damping Index\nby Curtis McKallip Jr.
Variety is the spice of life — except when you're trying to optimize a trading system. This new indicator\nidentifies those places on the price graph where highs and lows are getting closer and closer together,\nand when used in conjunction with buy rules and sell rules, it can be used to create a computerized\ntrading system. Longtime S&C contributor Curtis McKallip demonstrates.
Why is it so difficult to optimize a trading system for different markets? One reason may be that most\ntechnical indicators are not easily related to classic economic theory. Designing a trading system becomes\nnot unlike designing an airplane without understanding aerodynamics. You might come up with a design\nthat flies better than another, but not knowing why it does so makes it difficult to translate that success\ninto other designs.
You can relate price patterns to supply and demand curves, even though you may not have all the\nnecessary fundamental data. Those curves are still active; they don't depend on data for their existence.\nRather, they are the stuff that markets are made of because they depict human behavior.
When a news event is reported, particularly an unexpected one, the price reacts and then settles down in a\nzigzag pattern (Figure 1). The price versus quantity chart is known as a cobweb chart because of its\nappearance. Normally, the equilibrium price of a tradeable occurs at the point where the supply and\ndemand curves cross. When a reported news event forces the price up without shifting either curve, that\ncauses the market to supply more of the product than it needs (or less if the price is forced lower). Since\nthe demand is not sufficient to account for all these products, the price drops below equilibrium, which in\nturn causes producers to cut back on production, producing less than necessary. When the supply drops, the price goes back up."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-7-296-299-the-damping-index-by-curtis-mckallip-jr-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-7-296-299-the-damping-index-by-curtis-mckallip-jr-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-7-296-299-the-damping-index-by-curtis-mckallip-jr-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c07-thecrb-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-7"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:7 (300-302): The CRB Index/Bond Ratio by John J. Murphy"",""caption-linebreaks"":""The CRB Index/Bond Ratio\nby John J. Murphy
Veteran technician John J. Murphy, whose trailblazing work on technical analysis and intermarket\nanalysis are classics of the field, has delved into how bonds and commodities are interrelated and then\nhow bonds and stocks influence each other. Now, he introduces the C RB index/bond ratio as another\nexample of how these three market sectors interact, allowing us to determine the relative strength\nbetween bonds and commodities.
In my last two articles, I examined first the inverse relationship between the Commodity Research\nBureau (CRB) Index and bond prices and then the tendency for bond prices to act as a leading indicator\nfor the stock market. Another way to combine these three sectors is to compare the CRB Index/Treasury\nbond ratio to equities. The CRB Index/bond ratio simply divides the CRB Index by Treasury bond futures\nprices:
...
When the ratio is rising, commodity prices are outperforming the bond market and inflation pressures are\nrising. When the ratio is falling, bond prices are outperforming commodity prices and inflation pressures\nare falling. From an asset allocation standpoint, a rising ratio line also suggests that commodities should\nbe emphasized over bonds. When the ratio is falling, bonds are favored over commodities."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-7-300-302-the-crb-index-bond-ratio-by-john-j-murphy-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-7-300-302-the-crb-index-bond-ratio-by-john-j-murphy-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-7-300-302-the-crb-index-bond-ratio-by-john-j-murphy-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c07-system-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-7"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:7 (303-308): System Optimization Techniques by David S. Nicol"",""caption-linebreaks"":""System Optimization Techniques\nby David S. Nicol
What is system optimization and is it good or bad? It's a little of both, system designers will tell you.\nDavid Nicol explains the whys and wherefores.
System optimization is a controversial subject among market analysts, but it is also misunderstood by\nanalysts and traders. So what is system optimization? When designing a technical trading system, the\ndesigner must use a mathematical formula or algorithm of some kind to produce trading signals. This is\nusually referred to as an indicator and can be as simple as a single moving average or as complex as a fast\nFourier transform. Whatever the indicator may be, all indicators have one characteristic in common: they\nall contain one or more parameters. A parameter can be set to one of several possible numeric values, the\nvalue of which can greatly alter the behavior and performance of the indicator. Because parameters exist\nin every indicator, the system designer must set each parameter to some value . For each system designer,\nthe dilemma is what value to assign each parameter. That is where optimization occurs. Optimization is\nthe process of choosing the best parameter values for the indicator. So what do we mean by \""best\nparameter value\""?
FINDING THE BEST VALUE
One approach to finding the best parameter value is to backtest the indicator with a range of parameter\nvalues and simply choose which parameter value produced the most profitable trading signals . This\napproach has several problems. First, how far back should the testing go? Should the parameters be\nchanged during the test run? If so, when and how? The way that the system designer handles these\nquestions will greatly affect the validity and utility of the optimization process.
However, those systems that are optimized without the benefit of hindsight experimentation because of\nthe fear of curve-fitting are not properly optimized because no effort has been made to verify the validity\nof their parameters. This process is simply choosing parameters randomly. This is the dart-board method\nto optimization, because money is risked based on parameters that could have been chosen by the toss of a dart."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-7-303-308-system-optimization-techniques-by-david-s-nicol-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-7-303-308-system-optimization-techniques-by-david-s-nicol-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-7-303-308-system-optimization-techniques-by-david-s-nicol-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c07-backtob-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-7"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:7 (309-312): Back to Basics With Quantitative Analysis by Anthony J. Macek"",""caption-linebreaks"":""Back to Basics With Quantitative Analysis\nby Anthony J. Macek
Ever notice how we seem to want to do things the hard way? Anthony Macek, publisher of the \""Just the\nFacts\"" newsletter, has, and he's proposed a solution to simplify our lives using quantitative analysis.\nHere, Macek uses a technique of combining momentum and trend data to rate the condition of the\nmarket. Take a look.
Developing an infatuation with complex formulas and intricate analyses can cause us to lose sight of\nwhat we are striving to attain. If we are not careful, we can find ourselves afflicted with paralysis by\noveranalysis. Many persuasive arguments exist for examining our world in a less complex fashion. In\ndoing so, the larger picture becomes clearer, and phenomena previously overlooked, such as trend and\nmomentum, become more evident.
Simply stated, trend is defined as the tendency of a phenomenon to continue in its current path or\ndirection. In essence, it measures the internal dynamics of a particular area under study. Momentum, a\nmeasure of price change over a series of prices, is directly related to the trend in that it relies on the same\ncriteria. Because momentum is an indicator that gauges the strength of the trend, however, it is slower to\nreact to new data and is therefore considered to be a longer-term indicator.
Examining trend and momentum can be simple or complex. In my experience, after years of number\ncrunching using various computer models, employing countless variations of exponential and other\nweighted moving averages, using measures of relative strength, oscillators, stochastics, and so forth, I\ndiscovered that there was no great statistical advantage to using more complex means of measuring\nvarious phenomena. That is not to say that the use of more complex methods of analysis does not produce\nsuperior results; but the slight statistical advantage gained using more complicated methods would have\nto be evaluated in relation to the time spent in the process. Choosing a less elaborate method may not\nonly be more time effective, but it may also be more than adequate to achieve the ultimate goal: more\ntimely and better-informed investment decisions."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-7-309-312-back-to-basics-with-quantitative-analysis-by-anthony-j-macek-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-7-309-312-back-to-basics-with-quantitative-analysis-by-anthony-j-macek-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-7-309-312-back-to-basics-with-quantitative-analysis-by-anthony-j-macek-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c07-stocks-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-7"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:7 (313-315): Stocks According To Trend Tendency by Stuart Meibuhr"",""caption-linebreaks"":""Stocks According To Trend Tendency\nby Stuart Meibuhr
Many times, a question asked of STOCKS & COMMODITIES readers will more than likely find an answer —\nand more than an answer, further questions. Such was the article that E. Michael Poulos presented early\nin 1991, when he showed how assumed trend tendencies ain't necessarily so. Here, Stuart Meibuhr\nanswers one of those corollary questions. If certain futures contracts show decided trend tendencies, can\nthe same be said about certain stocks or indices?
The question that E. Michael Poulos asked in the January 1992 STOCKS & COMMODITIES was \""Which\nfutures trend the most?\"" In turn, that question triggered a corollary question, \""Which stocks or stock\nindices trend the most?\"" Poulos's methodology involved measuring the difference between the highest\nhigh and the lowest low for seven channel lengths (days) from 1 to 49. The range was averaged to arrive\nat an average channel height for one-, two-, four-,nine-, 16-,25-, 36- and 49-day channels. Each average\nwas divided by the average for the one-day channel to arrive at a ratio.
Applying the same methodology to several market indices and seven stocks provided some enlightening\ninformation. A spreadsheet program was used for the calculations on data transferred from a charting\nprogram. Only those securities with histories dating to back before 1985 were used. Data for any holidays\nwere eliminated before the trend calculations. All calculations were performed on data dating from\nJanuary 2, 1985, to January 31, 1992, a period of seven years and one month."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-7-313-315-stocks-according-to-trend-tendency-by-stuart-meibuhr-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-7-313-315-stocks-according-to-trend-tendency-by-stuart-meibuhr-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-7-313-315-stocks-according-to-trend-tendency-by-stuart-meibuhr-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c07-theory-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-7"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:7 (316-319): The Theory Of Runs by Robert P. Rotella"",""caption-linebreaks"":""The Theory Of Runs\nby Robert P. Rotella
Are you the kind of trader who assumes that everything will go your way, only to be hit with a string of\ndisastrous losses? Or are you the kind of trader who assumes that the worst scenario is the most likely\none, only to find that you could have done a lot better with a much less fatalistic attitude? What are the\nchances of a series of bad trades occurring, anyway? In an excerpt from his Elements of Successful\nTrading, published by the New York Institute of Finance, Robert P. Rotella explains the theory of runs.
What are the chances of a series of bad trades occurring? Some traders ignore the possibility that they\ncould get hit with one. Many others answer the question fatalistically with Murphy's Law — \""Anything\nthat can go wrong will go wrong.\"" Although this is a pessimistic way of viewing the problem, it's\nprobably a good start, especially when it comes to trading. Let us look at what the possibilities are of any\nseries of events occurring.
First, we need to know what the possibility of one event is to determine the chance of a series of the same\nevents. If a coin is flipped, the chance of a tail or head appearing is one in two, or 50% . What are the\nchances of flipping two tails in a row? The probability of a series of events happening is the product of\nthe probability of each independent event occurring. The equation to determine the chances of a series of\nindependent events occurring is:
..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-7-316-319-the-theory-of-runs-by-robert-p-rotella-20.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-7-316-319-the-theory-of-runs-by-robert-p-rotella-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-7-316-319-the-theory-of-runs-by-robert-p-rotella-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c07-stocksp-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-7"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:7 (320-322): Stock Splits: Boon Or Bust? by Michael D. Sheimo"",""caption-linebreaks"":""Stock Splits: Boon Or Bust?\nby Michael D. Sheimo
Even the most sophisticated market participants are tempted to buy a stock that has been announced to\nsplit two for one. They, of all investors, should know better, because not all stock splits turn out to be\npositive events. So how often are they positive for three to six months after? Michael Sheimo, best known\nfor books such as Dow Theory Redux and Stock Market Rules, explores the question.
Say that XYZ Corp. has just announced a two-for-one stock split to take effect in two months. Is it time\nto sell what you hold, buy more or do nothing? How do stock splits generally effect the price movement\nof individual stocks? What reasonably sound decisions can be based solely on the announcement of a\nstock split?
As investors we tend to be more buyers than sellers. This leads to the buying bias of the stock market.\nThe fact is that most of the time we want to buy stock and are hesitant to sell; as buyers we often look for\nany possible excuse to buy. The excuse might be general — say, a Santa Claus rally — or it might be\nmore specific, such as a company that has just announced a two-for-one stock split. That a stock will split\nis a drawing point, as stockbrokers are aware, and they will often mention the number of times a stock\nhas split in the past five years.
Although the number of splits in the past five years can provide a useful historical reference, the split\ninformation by itself isn't much of a recommendation."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-7-320-322-stock-splits-boon-or-bust-by-michael-d-sheimo-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-7-320-322-stock-splits-boon-or-bust-by-michael-d-sheimo-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-7-320-322-stock-splits-boon-or-bust-by-michael-d-sheimo-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c07-return-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-7"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:7 (323-323): Returning To The Basics by John Sweeney"",""caption-linebreaks"":""Returning To The Basics\nby John Sweeney
Since November last year, I've gone through exploiting the trend-related activities — trading the\nunderlying trend, adding trades to the trend trades and reversing trades when wrong about the trend —\nbut there's the other half of trading that some would say is going on 80% of the time: trading-range\ntrading.
Recall that the original system was a trend-following system but inevitably, there were times when no\ntrend was apparent. Thus, the first clue to a trading range is being out of the market when using the\nunderlying system.
Another clue to look for is flat behavior in the trend indicator, in this case SMA35C (Figure 1), which is\nthe simple 35-day moving average of the closing prices. ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-7-323-323-returning-to-the-basics-by-john-sweeney-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-7-323-323-returning-to-the-basics-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-7-323-323-returning-to-the-basics-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c08-rateofc-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-8"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:8 (325-327): Rate of Change by Martin J. Pring"",""caption-linebreaks"":""Rate of Change\nby Martin J. Pring
Respected and well-known technician and author Martin Pring debuts as a STOCKS & COMMODITIES\nauthor, writing about the rate of change oscillator, a simple method of figuring advances or declines in a\ngiven period.
The rate of change (ROC) is perhaps the simplest form of oscillator or momentum to understand and\ncalculate. It measures the speed of an advance or decline over a specific time span and is calculated by\ndividing today's level by a level n periods ago and multiplying the result by 100. For example, an\nannualized (or 12-month) ROC is calculated by dividing the price in January 1992 by that of January\n1991. Take the difference between the indicator and the 100 level and plot the result as a positive or\nnegative number, using a reference line of 0. In this case, 101 is plotted as +1, 102 as +2, 98 as -2 and so\non. The result is plotted as a positive or negative figure in a continuous oscillating series. If the price is\nidentical in both periods, the ROC is plotted at zero. The longer the time span under consideration. the\ngreater the significance of the trend being measured. Consequently, movements in a 10-day ROC are far\nless meaningful than those calculated over 12-month or 24-month time spans.
WARNING IN ADVANCE
Using ROC helps explain some cyclical movements in markets, often giving advance warning of a\nreversal in the prevailing trend. This indicator comes into its own during light trading-range markets. but\nlike any other oscillator, the ROC gives misleading signals when a sustained or linear trend is under way."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-8-325-327-rate-of-change-by-martin-j-pring-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-8-325-327-rate-of-change-by-martin-j-pring-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-8-325-327-rate-of-change-by-martin-j-pring-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c08-edseyko-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-8"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:8 (328-331): Ed Seykota Of Technical Tools by Thom Hartle"",""caption-linebreaks"":""Ed Seykota Of Technical Tools by Thom Hartle
Ed Seykota, whose thoughts and insights were chronicled in Jack Schwager's book Market Wizards, has\nbeen involved with trading commodities since the late 1960s. According to Market Wizards, Seykota's\n\""model account\"" — an actual customer account — started with $5,000 in 1972 and to date has earned\nmore than a 250,000% gain. Recently, in a new challenge, he purchased data and software vendor\nTechnical Tools. S TOCKS & COMMODITIES Editor Thom Hartle interviewed Seykota in a series of written\ncorrespondence that took place over several months ending in May 1992, during which Hartle posed a\nnumber of questions relevant to all traders, including any secrets to trading successfully. Not too\nsurprisingly, the answer to that was the same answer as for any endeavor — persistence and\ncommitment!
How did you get started in technical analysis? What was your first trade?
The first trade I remember, I was about five years old in Portland, OR. My father gave me a gold-colored\nmedallion, a sales promotion trinket. I traded it to a neighbor kid for five magnifying lenses. I felt as\nthough I had participated in a rite of passage. I started early to get interested in technical analysis, too. By\nthe time I was nine, I had a bedroom filled with old radios, test equipment and oscilloscopes. I liked to\ngenerate and display wave forms . Later, when I was 13, my father showed me how to buy stocks. He\nexplained that I should buy when the price broke out of the top of a box and to sell when it broke out of\nthe bottom. And that's how I got started.
\""The biggest secret about success is that there isn't any big secret about it, or if there is, then it's a secret\nfrom me, too. The idea of searching for some secret for trading success misses the point. \"" —Ed Seykota"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-8-328-331-ed-seykota-of-technical-tools-by-thom-hartle-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-8-328-331-ed-seykota-of-technical-tools-by-thom-hartle-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-8-328-331-ed-seykota-of-technical-tools-by-thom-hartle-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c08-sidedon-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-8"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:8 (328-331): SIDEBAR: DONCHIAN'S TRADING GUIDES"",""caption-linebreaks"":""DONCHIAN'S TRADING GUIDES
Richard D. Donchian revised his 1934 guidelines for securities trading in 1974. His two sets of basic rules for general and technical trading have stood the test of time."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-8-328-331-sidebar-donchian-s-trading-guides-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-8-328-331-sidebar-donchian-s-trading-guides-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-8-328-331-sidebar-donchian-s-trading-guides-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c08-moving-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-8"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:8 (332-335): Moving Average Crossovers by Arthur A. Merrill, CMT"",""caption-linebreaks"":""Moving Average Crossovers\nby Arthur A. Merrill, CMT
Are moving average crossovers more effective than other indicators? More specifically, how about\nmoving average crossovers applied to the Dow Jones Industrial Average? S&C contributor Arthur\nMerrill decided to research the question using weekly data for the last 24 years, checking out crossovers\nwith a four-week exponential moving average and with 13-, 26- and 52-week exponential averages. Here\nare his results.
One of the earliest technical tools, as easy to figure with pens and paper as well as with computer later\non, was a price chart and a moving average with a simple set of instructions: When the red line crosses\nover the blue line, buy!
I have wondered just how good the Dow Jones Industrial Average (DJIA) crossovers were in forecasting\nthe future of the DJIA itself. When the DJIA is above its 26-week average, what are the prospects for the\nfuture? Would it be better to watch the four-week average compared with the 26-week? How about the\nother possible crossovers?
Intrigued, I decided to put the question to my computer, and the results are in Figures 2 through 6. I\nwanted to look at the weekly data bank for the last 24 years, and I decided to divide the 24-year period\ninto two 12-year tests. The first would cover 1968 through 1979. The results for this period are the\nleft-hand bar in each pair. The second period covered the years from 1980 through 1991. These results\nare reported in the right-hand bar of each pair."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-8-332-335-moving-average-crossovers-by-arthur-a-merrill-cmt-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-8-332-335-moving-average-crossovers-by-arthur-a-merrill-cmt-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-8-332-335-moving-average-crossovers-by-arthur-a-merrill-cmt-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c08-sidexma-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-8"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:8 (332-335): SIDEBAR: EXPONENTIAL MOVING AVERAGES"",""caption-linebreaks"":""EXPONENTIAL MOVING AVERAGES
Defining exponentially smoothed moving averages — which, for most traders, would be a series of\nclosing prices — is simply another form of a moving average. ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-8-332-335-sidebar-exponential-moving-averages-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-8-332-335-sidebar-exponential-moving-averages-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-8-332-335-sidebar-exponential-moving-averages-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c08-utiliti-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-8"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:8 (336-338): Utilities And Bonds by John J. Murphy"",""caption-linebreaks"":""Utilities And Bonds\nby John J. Murphy
Of all the interrelationships between markets, one that has been taken for granted for decades is the\nrelationship between the Dow Jones Industrial Average and the Dow Jones Transportation Average.\nJohn Murphy, veteran technician and leading proponent of intermarket analysis, points out that the third\nDow Jones average, the Dow Jones Utility Average, can be used for forecasting purposes for stocks as\nwell as bonds. Murphy explains.
One of the basic premises of the Dow theory is that the Dow Jones Industrial Average (DJIA) and the\nDow Jones Transportation Average (DJIA) should always trend in the same direction and confirm each\nother's moves. The third Dow Jones average, the Dow Jones Utility Average (DJUA), also has valuable\npredictive qualities not only for stocks but for bonds as well. The utilities usually act as a leading\nindicator for the stock market at tops and bottoms. This tendency for the utility stocks to lead the rest of\nthe stock market is based on their strong ties to the bond market.
My article in June showed how the bond market usually acts as a leading indicator for stocks. This time, I\nwill try to establish the link between the utilities and the bond market and then show how certain utilities\noften act as a leading indicator for bonds.
Figure 1 compares the DJUA with bond futures from 1988 to May 1992. A strong visual correlation can be\nseen between the two markets and their tendency to peak and trough together. Note the simultaneous\nbottoms in 1988, the peaks in late 1989, the bottoms in 1990 and 1991 and the concurrent peaks in early\n1992."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-8-336-338-utilities-and-bonds-by-john-j-murphy-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-8-336-338-utilities-and-bonds-by-john-j-murphy-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-8-336-338-utilities-and-bonds-by-john-j-murphy-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c08-detecti-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-8"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:8 (339-343): Detecting Seasonality by Lewis Carl Mokrasch, Ph.D."",""caption-linebreaks"":""Detecting Seasonality\nby Lewis Carl Mokrasch, Ph.D.
Seasonal or cyclical patterns, whether real or only imagined, have been a popular topic among traders\nfor years. Lewis Carl Mokrasch, continuing research published originally in his article in April 1991,\npresents this time a generalized method for detecting seasonal patterns. However, Mokrasch warns,\nthere are certain caveats that the trader should be aware of, and he notes that the trader should take a\ngood long look at the data involved for significant patterns before risking capital on so called seasonal\ntrades. Here's how to figure it out.
Generally, investors sincerely want to believe that there is something inherently predictable and\nprofitable about their preferred media of investment. Some advisors would have us believe that they can\ninform us reliably about future price movements in stocks, bonds and commodities based on historical\nprice movement. The Stock Trader's Almanac has hundreds of intriguing suggestions on how the market\nwill even behave on a certain hour on a certain day. Other advisory material tells us to buy January\nheating oil futures in July and sell them in December or to buy gold stocks in October and sell in\nFebruary.
If there were such discernible patterns, every trader would try to exploit them. Then the patterns would\nvanish, because an overwhelming number of traders would be taking advantage of them. Indeed, a\ncontrarian approach to those markets would seem to be a wiser choice.
If it seems unwise to simple-mindedly take the word of some sage, how can we find seasonal trends by\nsimply examining some historical data? If the average price of a tradeable in one period differs\nsignificantly from its price in another period, it is at that point that a seasonal difference is worth talking\nabout."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-8-339-343-detecting-seasonality-by-lewis-carl-mokrasch-ph-d-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-8-339-343-detecting-seasonality-by-lewis-carl-mokrasch-ph-d-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-8-339-343-detecting-seasonality-by-lewis-carl-mokrasch-ph-d-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c08-thegann-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-8"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:8 (344-346): The Gann Quarterly Revisited by David C. Reif"",""caption-linebreaks"":""The Gann Quarterly Revisited\nby David C. Reif
The Gann quarterly chart, a trend-following indicator like other range breakout techniques, was\npreviously described by Jerry Favors in the January STOCKS & COMMODITIES. Most trend-following\nindicators give less than satisfactory results in the absence of a strong trend, and Reif, whose research\non the indicator goes back a number of years, concludes that the Gann quarterly chart is no exception.\nTake a look.
The Gann quarterly chart is a long-term indicator that I began following 15 years ago. In doing so, I\nhave put together a collection of charts that provides valuable insight into the profitability of this\nindicator's signals since the sell signal on October 3,1929, when the underlying research originated. To\nrefresh your memory, the Gann quarterly chart will signal a turn up from any low when the Dow Jones\nIndustrial Average (DJIA) trades above the prior quarter's intraday high. (A quarter is traditionally counted\nas being January to March, April to June, July to September and October to December.) The signal\nremains up until the DJIA trades below the low of the prior quarter. With this technique, it is imperative to\nkeep track of the intraday highs and lows made each quarter because it is quite possible for the chart to\nmake more than one turn in any given quarter. For example, the chart turned twice in fourth-quarter 1991,\na situation I will discuss next.
Now let us examine the price movements of the DJIA (Figure 1) going into fourth-quarter 1991. At the\nend of September 1991, the quarterly chart was up and had been so since January 18, 1991. The\nthird-quarter intraday high was 3068.60, while the third-quarter intraday low was 2836.30. On November 1,1991, the DJIA made a new intraday high for the fourth quarter at 3092.00. ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-8-344-346-the-gann-quarterly-revisited-by-david-c-reif-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-8-344-346-the-gann-quarterly-revisited-by-david-c-reif-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-8-344-346-the-gann-quarterly-revisited-by-david-c-reif-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c08-market-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-8"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:8 (347-350): Market Thrust by Tushar S. Chande"",""caption-linebreaks"":""Market Thrust\nby Tushar S. Chande
An abundance of articles and letters concerning the Arms index, or the trading index (TRIN), during the\npast year was one proof of its popularity. The articles were concerned with both the uses and limitations\nof the Arms index. The two major problems with the Arms index, as characterized in the articles and\nletters, arose in constructing a long-term Arms index and with using the index in mixed markets. STOCKS\n& COMMODITIES contributor Tushar Chande proposes a way to measure market thrust and overcome the\nlimitations of the Arms index.
Richard Arms invented his Arms index, or the trading index (TRIN), to indicate when abnormally high\nvolume was going into advancing or declining stocks. He defined it as:
....
A reading of 1.00 is neutral; a value greater than 1.0 indicates more volume per declining issue, while a\nvalue below 1.0 shows more volume per advancing issue. Broad buying forces values below 1, while\nwidespread selling sends the index soaring above 1. A 10-day simple moving average (SMA-10) is usually\nused to smooth daily data. Oversold market conditions occur when SMA-10 rises above 1.20. Conversely,\nthe market is overbought when SMA-10 falls below 0.80.
INDEX LIMITATIONS
Jack Rusin examined the limitations of the Arms index in two recent articles. In October 1990 he looked\nat the problems in calculating a long-term (21-day or 55-day) Arms index. Rusin explained that if two\ndays are the opposite of each other, then a simple average of the Arms index can be misleading. He\nrecommended using an issue/volume-weighted long-term Arms index (LTAI):
..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-8-347-350-market-thrust-by-tushar-s-chande-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-8-347-350-market-thrust-by-tushar-s-chande-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-8-347-350-market-thrust-by-tushar-s-chande-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c08-avoidin-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-8"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:8 (351-353): Avoiding Bull And Bear Traps by Nauzer J. Balsara, Ph.D."",""caption-linebreaks"":""Avoiding Bull And Bear Traps\nby Nauzer J. Balsara, Ph.D.
Bull and bear traps are gap openings that are reversed the same day and that can cost a trader dearly.\nS&C contributor Nauzer Balsara presents his method of analyzing market history to calculate the proper\nplacement of stops to avoid being caught in such traps.
A bull or bear trap occurs when a market does an about- face after an extremely bullish or bearish\nopening, leaving a trader who entered a position at the opening price with a possible loss at the end of the\nday. Bullish expectations are reinforced by a sharply higher or \""gap-up\"" opening, just as bearish\nexpectations are reinforced by a sharply lower or \""gap-down\"" opening. A bull trap occurs as a result of\nprices retreating from a sharply higher or gap-up opening; the pullback occurs during the same trading\nsession that witnessed the strong opening, belying hints of a major rally. A bear trap occurs as a result of\nprices recovering from a sharply lower or gap-down opening; the retracement occurs during the same\ntrading session that witnessed the depressed opening, confounding expectations of an outright collapse.
BULL AND BEAR TRAP EXAMPLES
An illustration of a bull trap is provided by price action on December 3,1991, in July 1992 Chicago\nwheat futures (Figure 1). On December 2,1991, July wheat settled at 324.75 cents a bushel. A trader,\nnoticing a strong uptrend in the July wheat chart, might not hesitate buying wheat futures at the gap-up\nopening price of 340.00 cents on December 3. However, instead of prices moving higher, they worked\ntheir way down to a low of 328.50 cents, bridging much of the 15-cent gap on the opening before settling at 330.50 cents."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-8-351-353-avoiding-bull-and-bear-traps-by-nauzer-j-balsara-ph-d-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-8-351-353-avoiding-bull-and-bear-traps-by-nauzer-j-balsara-ph-d-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-8-351-353-avoiding-bull-and-bear-traps-by-nauzer-j-balsara-ph-d-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c08-sidexpn-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-8"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:8 (354-357): SIDEBAR: EXPANDING THE AVERAGE"",""caption-linebreaks"":""EXPANDING THE AVERAGE
How to modify the start of an exponential moving average."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-8-354-357-sidebar-expanding-the-average-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-8-354-357-sidebar-expanding-the-average-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-8-354-357-sidebar-expanding-the-average-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c08-sidetim-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-8"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:8 (354-357): SIDEBAR: TIME DELAY OF LINEAR EXPONENTIAL AVERAGES"",""caption-linebreaks"":""TIME DELAY OF LINEAR EXPONENTIAL\nAVERAGES
Article Figure 2 indicates that if the price goes up linearly, after a while the exponential moving average\nwill also be a straight line that is parallel to the original. For this to occur, there must be a constant\nseparation between the lines. Let's designate the separation as \""B.\"" This situation is pictured in Article\nFigure 2. Recalling equation (1):
..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-8-354-357-sidebar-time-delay-of-linear-exponential-averages-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-8-354-357-sidebar-time-delay-of-linear-exponential-averages-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-8-354-357-sidebar-time-delay-of-linear-exponential-averages-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c08-underst-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-8"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:8 (354-357): Understanding Exponential Moving Averages by Raymond Rothschild"",""caption-linebreaks"":""Understanding Exponential Moving Averages\nby Raymond Rothschild
Do you ever find yourself thinking that maybe you ought to try using the exponential moving average but\nfind yourself intimidated into paralysis? Don't be. Let Raymond Rothschild be your guide into a\nnot-so-alarming technique.
Moving averages in general have been extensively analyzed by many investigators—all except the\nexponential moving average. The objective in technical analysis is to use every tool available, and that\nincludes exponential moving averages. But first to review the formula for the simple moving average: in\nan n-day simple moving average, the prices of the previous n days are added and the sum is divided by n.\nFor example, if n were equal to 10, we would add the prices of the prior 10 days and then divide this\nvalue by 10 to obtain the moving average for the current day. As we continue along to successive days, it\nis not really necessary to always add n days of data. All we really have to do is drop off the first day's\nprice, add the current day's price to our sum and then divide by n.
That is the simple moving average. Other forms exist, one of which is the exponentially smoothed\nmoving average. This particular moving average has a recursive form that makes it easier to use than the\nsimple moving average. The recursive form refers to the fact that the exponential average for the current\nday is determined by the value of the previous day, defined thus:
..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-8-354-357-understanding-exponential-moving-averages-by-raymond-rothschild-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-8-354-357-understanding-exponential-moving-averages-by-raymond-rothschild-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-8-354-357-understanding-exponential-moving-averages-by-raymond-rothschild-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c08-filter-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-8"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:8 (358-360): Filtering Trades With A Moving Average Slope by Adam White"",""caption-linebreaks"":""Filtering Trades With A Moving Average Slope\nby Adam White
Moving averages are attractive because they simply and reliably execute the \""cut your losses and let\nyour profits run\"" strategy. Moving averages also have drawbacks, however, in that they discard much of\nthe information that the market offers. A simple moving average represents simple quantified information\n— either prices are above it or below it. Can additional information, in this case the slope of the moving\naverage, be put to use to improve trading performance? Adam White of the Technical Traders Bulletin\nshows you how.
Despite the theories to the contrary, a simple filter device can eliminate the losing trades of a simple\nmoving average reversal system. Although other, more valuable applications of the moving average slope\nare bound to exist, keeping matters simple will, with any luck, be a more suitable introduction of the\nmain idea.
Since moving averages tend to be smooth, short subsections approximate straight lines. Measuring the\nslope of a straight line is fairly straightforward—simply calculating the line's standard deviation does the\ntrick. When the slope of a short line is low, the vertical distance between the two endpoints is small, and\nas the slope increases, the vertical difference between the endpoints increases. As a result, the standard\ndeviation of a short subsection of a moving average is low when its slope is low and in turn high when its\nslope is high."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-8-358-360-filtering-trades-with-a-moving-average-slope-by-adam-white-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-8-358-360-filtering-trades-with-a-moving-average-slope-by-adam-white-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-8-358-360-filtering-trades-with-a-moving-average-slope-by-adam-white-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c08-trading-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-8"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:8 (361-363): Trading Back Into A Range by John Sweeney"",""caption-linebreaks"":""Trading Back Into A Range\nby John Sweeney
Last month in Settlement, I wrote briefly about some simple ideas for defining nontrending periods.\nAlthough exotic approaches are possible, simple things are easier to teach to computer packages. The\nprogram I've been using here for testing, Behold!, has a great worksheet capability and many\nsophisticated functions, so virtually anything can be defined mathematically. The problem with this\nsoftware occurs when defining trading rules beyond entry and exit. Reversals and add-on trades are\ntougher if not impossible to program. When trading a range, you want to reverse if price breaks out from\nthe range and starts trending. But given Behold!'s limitation, I won't be able to show you that here.\nInstead, I'll just focus on evaluating a simple trading range model.
Since I can't show you an example of a trading range breakout with this system, the results I am going to\npresent here are pretty pared down. I generally find that working a narrow range of prices is not terribly\nprofitable by itself but it does prevent losses from trying to trade a range with a trend-following system.\nSince preventing losses is the first rule of investing, learning to identify and work a range is vital. Also,\nas outlined in Settlement last month, proper range trading should set you up for a good entry into a trade\nshould a trend begin to develop."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-8-361-363-trading-back-into-a-range-by-john-sweeney-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-8-361-363-trading-back-into-a-range-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-8-361-363-trading-back-into-a-range-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c09-summed-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-9"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:9 (365-369): Summed Rate Of Change (KST) by Martin J. Pring"",""caption-linebreaks"":""Summed Rate Of Change (KST) by Martin J. Pring
In the August Stocks & Commodities, noted technician Martin Pring presented smoothed rate of change indicators as a method to identify both the trend and reversals of trend in the markets. He pointed out that different rate of change measurements could lag important market turns due to the presence of different time cycles. Here, Pring presents his method of combining various rate of change indicators for enhanced trend and reversal of trend identification.
Previously, I pointed out that price trends in financial markets are influenced by the interaction of many\ndifferent time cycles. Figure 1 shows several smoothed rates of change (ROC), each reflecting a different\ncycle. Major market turning points usually occur when all three indicators reverse direction\nsimultaneously. Similarly, trading range markets have a habit of occurring when they are in conflict.\nThese three indicators do not reflect every cycle, but they do give a more revealing picture than simply\nusing one indicator on its own.
Movements of the nine-month moving average of the 24-month rate of change in the bottom panel of\nFigure 1 closely monitor the primary bull and bear swings of the market itself. Signals of trend reversals\nare often given well after the fact, however, because it is slow to reverse direction. One way around this\nis to combine four smoothed rates of change into one indicator, weighting each one in rough proportion to its time span. (See sidebar, \""The KST.\"") This enables the longer-term smoothed momentum to turn\nfaster but keeps whipsaw signals to a minimum. Because such an indicator also includes several rates of\nchange covering different time spans, it also reflects the interaction of several time cycles."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-9-365-369-summed-rate-of-change-kst-by-martin-j-pring-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-9-365-369-summed-rate-of-change-kst-by-martin-j-pring-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-9-365-369-summed-rate-of-change-kst-by-martin-j-pring-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c09-reallif-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-9"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:9 (370-375): Real Life: Shearson's Jeffrey Weiss by Thom Hartle"",""caption-linebreaks"":""Real Life: Shearson's Jeffrey Weiss by Thom Hartle
Some people get a start on their careers early, but Jeffrey Weiss, a Chartered Market Technician and a first vice president with Shearson Lehman, began earlier than most, at age 13. The technical analysis risk management approach (Tarma) he pioneered was developed from his own trading experiences, including the disastrous 1973-74 bear market. His opinions have been widely solicited outside Shearson and he has been a guest on such well-known financial and investment shows as \""Wall $treet Week,\"" CNBC's \""Inside Opinion\"" and \""Business View\"" and CNN's \""Business Morning\"" and \""Moneyline.\"" He is frequently quoted in the print media as well. Stocks & Commodities interviews Weiss on topics ranging from trading perspectives to the philosophy behind Tarma.
How did you get started following the markets and with technical analysis?
Well, it all began when my sixth-grade mathematics teacher gave me and the other pupils in the class\n50,000 hypothetical dollars each to invest in the stock market and I managed to make quite a bit of paper\nmoney Ñ so to speak. Around that time was my 13th birthday and my dad gave me $400 to do the real\nthing. I doubled my money over the next year and my fascination with the stock market was born. It all\nseemed too easy, though, and it led me down
A garden path?
It led me down a false path, you might say. It was that easy to double my money in one year, in Mattel\nToy, from 1968 to 1969. I made 100% and sold the stock at the equivalent of $160 per share. But I\nlearned my real lesson in the market after I had piled up some profits, purchased a bicycle with my\nprofits from Mattel and began peddling after school every day up to the Shearson Hammill Ñ that's what\nOur firm was called back then Ñ brokerage office in the late 1960s. I kept on wheeling and dealing, and\nthings were great until 1973-74, when I experienced what was at that point the most devastating bear\nmarket in many, many decades. Out of that I was able to transform a financial loss into a real-life gain,\nthe essence of which was a discipline to help me cope with capital preservation and not just capital\nappreciation. That's called TARMA, or technical analysis risk management approach, which is what I'm\nknown for today at Shearson Lehman Brothers.
What did you do after suffering this string of losses?
I did something that I don't see done enough today. I dwelled on my losses. I forgot about the times I\nmade a profit because I didn't learn too much from those times, but I consistently analyzed my losses in\ndepth. And I realized that if we were in a bear market the way we were in 1973-74, no matter what I\npurchased, the chances were that I was going to lose money. So I began to look less at specific stocks but\ninstead incorporate these specific stock analyses into market segments and then the market as a whole.\nAnd I also learned about the uses of a stop order and that capital preservation should always precede\ncapital appreciation in any sound, comprehensive investment discipline."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-9-370-375-real-life-shearson-s-jeffrey-weiss-by-thom-hartle-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-9-370-375-real-life-shearson-s-jeffrey-weiss-by-thom-hartle-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-9-370-375-real-life-shearson-s-jeffrey-weiss-by-thom-hartle-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c09-sidethi-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-9"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:9 (370-375): SIDEBAR: THIRTEEN INVESTMENT TENETS by Technical Analysis, Inc."",""caption-linebreaks"":""THIRTEEN INVESTMENT TENETS by Technical Analysis, Inc.
To improve your investment performance...
THIRTEEN INVESTMENT TENETS THAT\nCOULD IMPROVE YOUR INVESTMENT\nPERFORMANCE"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-9-370-375-sidebar-thirteen-investment-tenets-by-technical-analysis-inc-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-9-370-375-sidebar-thirteen-investment-tenets-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-9-370-375-sidebar-thirteen-investment-tenets-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c09-fourcom-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-9"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:9 (376-378): Four Common Errors In Testing Trading Systems by Thomas A. Meyers"",""caption-linebreaks"":""Four Common Errors In Testing Trading Systems by Thomas A. Meyers
The author of The Technical Analysis Course debuts as a Stocks & Commodities writer with this article. Here, Thomas Meyers explains that mistakes made in systems testing can make the difference between the accurate assessment of a system's profitability and a distorted picture that failed to take into account certain inevitable factors. Meyers shows you how to fine tune your testing techniques so that these problems can't cost you all your trading capital when you go to trade in real time.
A trading system is a set of rules that can be used to generate specific buy and sell signals. For\nexample, a simple trading system can be based on a moving average crossover. You buy when prices rise\nfrom below to above the moving average line and sell when prices drop from above to below the moving\naverage line. For short positions, you do just the opposite. You sell short when prices decline from above\nto below the moving average line and cover the short sale when prices move from below to above the\nmoving average line.
More complex trading systems can be developed using multiple moving averages, oscillators, stochastics,\nrelative strength index, moving average convergence/divergence (MACD) or numerous other technical\nanalysis techniques, either by themselves or in combination. A variety of price and time filters can also be\nused to enhance the reliability of signals and stop-loss rules can be incorporated to control losses."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-9-376-378-four-common-errors-in-testing-trading-systems-by-thomas-a-meyers-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-9-376-378-four-common-errors-in-testing-trading-systems-by-thomas-a-meyers-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-9-376-378-four-common-errors-in-testing-trading-systems-by-thomas-a-meyers-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c09-utiliti-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-9"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:9 (379-380): Utilities And Stocks by John J. Murphy"",""caption-linebreaks"":""Utilities And Stocks by John J. Murphy
Last month, this technical trailblazer examined how utilities and bonds were interconnected. This month, John J. Murphy analyzes how utilities in turn affect stocks.
My article on utilities and bonds examined the close link between utility stocks and Treasury bond\nprices. Because bonds usually act as a leading indicator for stocks and because utilities are sensitive to\ninterest rates, it should be no surprise that utilities also provide advance warning about the future\ndirection of the stock market as a whole.
Figure 1 provides a five-year comparison of the Dow Jones Utility Average (solid line) and the Standard\n& Poor's 500 index (dotted line) from late 1987 to mid-June 1992. Visual comparison permits a couple of\nobservations. First, both lines generally trend in the same direction. Usually, rising utilities are positive\nfor stocks, while falling utilities are usually bearish. However, as is the case with bonds, utilities usually\nchange direction before the rest of the market."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-9-379-380-utilities-and-stocks-by-john-j-murphy-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-9-379-380-utilities-and-stocks-by-john-j-murphy-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-9-379-380-utilities-and-stocks-by-john-j-murphy-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c09-isdowth-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-9"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:9 (381-384): Is Dow Theory Sending Us A Warning? by Michael D. Sheimo"",""caption-linebreaks"":""Is Dow Theory Sending Us A Warning? by Michael D. Sheimo
Michael Sheimo, best known for books such as Dow Theory Redux and Stock Market Rules, tackles the age-old question of whether the Dow theory is still valid and if it is, is it really sending us a warning?
After more than a hundred years, are the concepts of the Dow theory still useful in determining stock\nmarket strength? The Dow theory was arrived at by an evolutionary process over a period of several\nyears. At the turn of the century, Charles Henry Dow discussed stock trading ideas in the newspaper he\nwas both editor and publisher of, The Wall Street Journal . The discussions, which appeared in a section\ncalled \""Review & Outlook,\"" involved analyzing stock price movements each day, prices conveniently\npublished in the Journal.
Concepts of what would eventually be called the Dow theory were presented after Dow's death in 1902\nby managing editor William Hamilton, who succeeded Charles Dow. Hamilton's work occasionally had\nerrors and false signals but was believed reliable by many Journal readers. Hamilton used the theory to\ncorrectly call the approaching bear market of 1929. Hamilton deserves credit for much of the\ndevelopment of the Dow theory."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-9-381-384-is-dow-theory-sending-us-a-warning-by-michael-d-sheimo-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-9-381-384-is-dow-theory-sending-us-a-warning-by-michael-d-sheimo-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-9-381-384-is-dow-theory-sending-us-a-warning-by-michael-d-sheimo-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c09-arether-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-9"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:9 (385-389): Are There Persistent Cycles? by E. Michael Poulos"",""caption-linebreaks"":""Are There Persistent Cycles? by E. Michael Poulos
Most technical indicators use a fixed lookback length based on the idea that cycles are present in the price data. Should the same fixed lookback length be used for all markets? Are there persistent cycles present to justify the use of the same lookback length for evaluating the market? Mike Poulos searches through a number of markets for persistent cycles and offers his solutions.
Most technical indicators either smooth (filter) or normalize (on a scale to 0 to 100) the tradeable\nprice in an attempt to indicate the trend direction or a trend change. The vast majority of technical\nindicators use fixed lookback lengths (for example, 14 days for the relative strength index [RSI], 14 and\n28 days for moving averages and so forth) in the formulas in constructing an indicator. The popular\njustification for these fixed lengths is the supposed existence of persistent cycles. For example, there is\nsupposedly a 28-day cycle that justifies the use of 14 days (a half cycle) in the RSI oscillator when applied\nto all commodity markets. Common sense should alert you to question the existence of any persistent, or\ncontinuously present, cycle.
A problem arises regarding the use of indicators that are using the same lookback length over all time\nperiods and all markets; these indicators are subject to providing misleading information because the\nindicators can be out of step with the markets. Is there evidence of persistent cycles? To answer, first let\nus look at close to 1,000 days of closing price data in eight different futures markets and two stocks for\nsome evidence of persistent cycles by using correlation analysis."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-9-385-389-are-there-persistent-cycles-by-e-michael-poulos-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-9-385-389-are-there-persistent-cycles-by-e-michael-poulos-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-9-385-389-are-there-persistent-cycles-by-e-michael-poulos-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c09-gannwk-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-9"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:9 (390-393): Gann Weekly Swing Chart by Jerry Favors"",""caption-linebreaks"":""Gann Weekly Swing Chart by Jerry Favors
Newsletter publisher Jerry Favors presents another Gann method, this time the weekly swing chart, as a timing tool with which to track individual stocks.
One of the methods that W.D. Gann used to determine and trade the main trend of stocks and\ncommodities was what are commonly referred to as swing charts. These swing charts cover varying\ndegrees of time spans ranging from hourly charts to yearly charts. Each of the Gann swing charts turns up\nor down based on specific rules. The longer the time span covered by any swing chart, the stronger and\nmore important are the signals given to me. For instance, a buy or sell signal from a weekly swing chart\nwould be stronger and more important than a buy or sell signal from a daily swing chart but not as strong\nor as important as the signals from a monthly swing chart.
While many of Gann's other techniques and methods of trading have been explained in detail by others,\none area that has not been examined or explained in depth is the use and interpretation of these swing\ncharts. I utilize more than 20 different Gann swing charts on a daily basis, each turning up and down on\ndiffering sets of rules. I am often asked, \""If you had to use only one swing chart in your day-to-day\ntrading, which would you use?\"" This is always a difficult question to answer, because it has been my\nexperience that each of the various swing charts tells you something different about the stock or index in\nquestion. The overall picture does not become clear until every signal from all the various charts has been\ngathered and summed. To skip even one of these swing charts is to risk missing or overlooking a\npotentially important piece of the puzzle. However, when I can choose only one chart, the Gann weekly\nswing chart is the one."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-9-390-393-gann-weekly-swing-chart-by-jerry-favors-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-9-390-393-gann-weekly-swing-chart-by-jerry-favors-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-9-390-393-gann-weekly-swing-chart-by-jerry-favors-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c09-forecas-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-9"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:9 (394-397): Forecasting Market Turns Using Static And Dynamic Cycles by Brad Swancoat and Ed Kasanjian"",""caption-linebreaks"":""Forecasting Market Turns Using Static And Dynamic Cycles by Brad Swancoat and Ed Kasanjian
Who hasn't heard of Fibonacci ratios by now, but to actually use them in predicting market turns? Here, two software developers give novice and veteran technicians alike a few things to ponder over.
Cycles have long been used by technicians to forecast turns in the markets. However, the student of\ncycle analysis can become frustrated by the intermittent nature of regular rhythmic time cycles. The\nunderstanding and use of dynamic cycles will allow the technician to accurately forecast trend changes\nweeks, if not months, in advance.
Most of us are familiar with static cycles. Static cycles are characterized by a set interval between events\n(such as birthdays, full moons, income tax due dates). Dynamic cycles are just as predictable, but they do\nnot have a fixed interval between events. Dynamic cycles are distinguished by a constant proportion. One\nsuch popular dynamic is the Fibonacci cycle. The numerical series (1, 1, 2, 3, 5, 8, 13, 21, 34, 55 ...)\nobviously is not made up of equal intervals, but the proportion (ratio) between each number is a constant\n1.618. The ratio of 1.618 is known as the \""golden ratio\"" and is represented by the Greek letter phi (F).\nFigure 1 illustrates the two types of cycles.
The golden ratio can also be expressed as a logarithmic spiral. The relation between each section can be\nstated arithmetically as a ratio, because lines in continued proportion form a geometric progression."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-9-394-397-forecasting-market-turns-using-static-and-dynamic-cycles-by-brad-swancoat-and-ed-kasanjian-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-9-394-397-forecasting-market-turns-using-static-and-dynamic-cycles-by-brad-swancoat-and-ed-kasanjian-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-9-394-397-forecasting-market-turns-using-static-and-dynamic-cycles-by-brad-swancoat-and-ed-kasanjian-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v10-c09-sidekst-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-10-chapter-9"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.10:9 SIDEBAR: Calculating the KST by Technical Analysis, Inc."",""caption-linebreaks"":""Calculating the KST by Technical Analysis, Inc.
KST formulas for short, intermediate, and long term daily or weekly data."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-9-sidebar-calculating-the-kst-by-technical-analysis-inc-21.gif"",""height"":""260"",""width"":""202""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-9-sidebar-calculating-the-kst-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-10-9-sidebar-calculating-the-kst-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c01-sidesto-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:1 (11-18): SIDEBAR: STOCHASTICS MOMENTUM INDEX"",""caption-linebreaks"":""STOCHASTICS MOMENTUM INDEX
The spreadsheet features in sidebar Figure 1 an example of calculating the stochastics momentum index\n(SMI) for a lookback period of two days (q = 2) and a double smoothing of 20 days (r = 20, s = 20) using\nan exponential smoothed moving average (EMA). The first step is determine the highest high for the last\ntwo days, which is column E. The formula for cell E21 is:
=MAX(B20:B21)
Then determine the lowest low for the last two days. This is performed in column F. The formula for F21\nis:
=MIN (C20:C21) ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-1-11-18-sidebar-stochastics-momentum-index-20.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-1-11-18-sidebar-stochastics-momentum-index-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-1-11-18-sidebar-stochastics-momentum-index-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c01-sidetru-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:1 (11-18): SIDEBAR: TRUE STRENGTH INDEX"",""caption-linebreaks"":""TRUE STRENGTH INDEX
The formula for the true strength index is
...
where:
Mtm= one-day change in closing price
Mtm| = absolute value of Mtm
Er = exponential smoothed moving average of r days
Es = exponential smoothed moving average of s days
...."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-1-11-18-sidebar-true-strength-index-20.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-1-11-18-sidebar-true-strength-index-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-1-11-18-sidebar-true-strength-index-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c01-stochas-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:1 (11-18): Stochastic Momentum by William Blau"",""caption-linebreaks"":""Stochastic Momentum\nby William Blau
A new twist on the venerable stochastic formula was presented in a January 1991 article,\n\""Double-smoothed stochastics,\"" written by William Blau. Here, Blau expounds on stochastic double\nsmoothing in a somewhat different form that emphasizes momentum characteristics.
Double smoothing of both numerator and denominator of the original formula for %K of the stochastic\nindicator aids in obtaining low-lag smooth-contoured indicator curves. In lieu of a single parameter to\nspecify the stochastic, the Ds-stochastic formulation provides an additional two parameters for a\ndouble-EMA (exponential moving average) effect. The Ds-stochastic formula is given by:
...
where, for the numerator,
HH:q = highest high in a lookback of q-days
LL:q = lowest low in a lookback of q-days
Close-LL:q = numerator of Lane's q-day fast stochastic
Er(Close-LL:q) = r-day EMA of (Close - LL:q)
Es(Er(Close-LL:q)) =s-day EMA of Er (Close-LL:q)= double-smoothing\nand, similarly, for the denominator.
Figure 1 depicts a train of high, low and close price bars. The dark bar on the right describes the range, HH:q- LL:q, assumed by the price bars in a lookback of q-bars. The raw stochastic formula,\nDs(q,1,1),represents where the current close is relative to the low point of the stochastic range. A close\nnear the upper portion of the range will be near the highest high in the most recent q-days, for example.
Figure 2 shows the same train of high, low and close price bars but with different annotations. The\nstochastic range remains unchanged. The close is now referenced to the midpoint, 0.5 (HH:q + LL:q), of\nthe range."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-1-11-18-stochastic-momentum-by-william-blau-20.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-1-11-18-stochastic-momentum-by-william-blau-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-1-11-18-stochastic-momentum-by-william-blau-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c01-philipr-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:1 (19-24): Philip Roth of Dean Witter by Thom Hartle"",""caption-linebreaks"":""Philip Roth of Dean Witter by Thom Hartle
A 27-year veteran of Wall Street, Dean Witter chief technical market analyst Philip Roth has also been a\nsurvivor of the merger and acquisitions merry-go-round. After working for Merrill Lynch, Roth worked\nfirst for Loeb Rhoades and then E.F. Hutton, both of which were acquired by Shearson over the years,\ngaining from his experiences a unique perspective of an institutional emphasis compared with a retail\nemphasis. STOCKS & COMMODITIES Editor Thom Hartle spoke with Phil Roth on October 21, 1992, via\ntelephone, discussing among other topics analyzing the stock market and his method of selecting stocks.
\""Institutions tend to be more interested in the why; the retail system is more interested in the what.\""
\""I don't want to emphasize me bear side unless there is almost nothing to play on me long side. Not\nbecause I don't want to do it, but because people don't want to sell, not in a down market.\""
Phil, what brought you to where you are today?
I started in the business in 1966 as a trainee at Merrill Lynch. While I was there, the first opening in\nresearch happened to be in the technical department so it was an accident that I got into the technical end,\nalthough that's where I wanted to be ultimately anyway. So I worked for Bob Farrell, one of the\nbest-known technicians on Wall Street, for 11 years.
Why did you leave Merrill?
After eight or nine years I began to feel that I really should try something new. So I went to work for Loeb Rhoades in 1977 for a few years and then after that I went to work for E.F. Hutton. Interestingly,\nwhen Loeb Rhoades was taken over by Shearson, they fired me and I went to work for E.F. Hutton. I had\nanother go-round with Shearson in 1987 when Shearson took over Hutton. I was there until 1989. Then I\nfired them and I came to Dean Witter. I've been at Dean Witter since 1989 — I'm the chief technical\nmarket analyst."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-1-19-24-philip-roth-of-dean-witter-by-thom-hartle-20.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-1-19-24-philip-roth-of-dean-witter-by-thom-hartle-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-1-19-24-philip-roth-of-dean-witter-by-thom-hartle-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c01-goldand-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:1 (25-26): Gold And The DJIA by Richard C. Forest"",""caption-linebreaks"":""Gold And The DJIA\nby Richard C. Forest
Gold has its own cycles. How best to interpret them? STOCKS & COMMODITIES contributor Richard\nForest illustrates that gold cycles can be best understood when analyzed and compared to the DOW\nJones Industrial Average (DJIA). Here's why.
Gold cycles have their own unique rhythm, sometimes not immediately recognizable. They can,\nhowever, be understood when analyzed and compared with the Dow Jones Industrial Average (DJIA).\nGold can sometimes forewarn of a market rally or correction and gold cycles are influenced by cycles of\nthe DJIA, perhaps because of the relationship between gold and the equity market; when the economy is\ngenerally bullish for the market, it is bearish for gold and vice versa. Therefore, it is imperative for an\ninvestor to look closely at gold prices' fluctuations, as they may indicate market turning points or strength\nin the equity market.
METHODOLOGY
To monitor the price of gold in relation to the value of the DJIA, daily gold prices are plotted using an\ninverse scale (scale increasing downward along the y-axis) along with the daily DJIA values. This type of\ngraph demonstrates the inverse relationship between gold prices and the DJIA (Figures 1, 2 and 3)."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-1-25-26-gold-and-the-djia-by-richard-c-forest-21.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-1-25-26-gold-and-the-djia-by-richard-c-forest-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-1-25-26-gold-and-the-djia-by-richard-c-forest-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c01-thevolu-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:1 (27-29): The Volume Oscillator by Martin Pring"",""caption-linebreaks"":""The Volume Oscillator\nby Martin Pring
Price and volume is important for technical analysis of markets. Here's how noted author and\ntechnician Martin Pring presents two of his favorite ways of looking at volume.
Most technical indicators we deal with are derived from price data. After all, moving averages,\nrelative strength index (RSI) and moving average convergence/divergence (MACD) as well as all the\nothers are really techniques for manipulating the same data but in different forms. That is why it is often a\ngood idea to also monitor some measure of volume, as volume is a variable that is totally independent of\nprice. Volume is usually represented as a series of histograms appearing just under the price series itself.\nThis approach is generally acceptable, because it is possible to spot significant expansions and\ncontractions in trading activity that confirm or throw into question trends in the price itself.
A better approach is to express volume in oscillator form. This way, subtle changes in volume levels are\neasier to identify. After all, textbooks tell us that it is not the actual level of volume, but changes relative\nto the recent past that have greater technical significance. What better way to express these comparisons\nthan in the form of an oscillator? Several techniques represent volume momentum. Two of my favorites\nare trend deviation, where a moving average of volume is divided by another, and a smoothed rate of\nchange."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-1-27-29-the-volume-oscillator-by-martin-pring-20.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-1-27-29-the-volume-oscillator-by-martin-pring-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-1-27-29-the-volume-oscillator-by-martin-pring-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c01-pointfi-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:1 (30-33): Point & Figure Charting by Gary Van Powell"",""caption-linebreaks"":""Point & Figure Charting\nby Gary Van Powell
Point and figure charting, a technique for following stocks and commodities, may be simplistic but still\noffers the keys to success: trend identification, price objectives and money management, all of which it\nprovides.
Using point and figure, also known as the price reversal method, is an excellent way to identify\nreliable buy or sell signals for trading individual stocks. Point and figure charts are designed to remove\nmarket noise, thus allowing the market participant to trade the real moves, leaving the insignificant\nmoves to the short-term traders. The noise is filtered out by plotting point and figure. This charting\ntechnique requires less time to keep updated than do other methods.
Plotting a point and figure chart is straightforward. Here, we will use Xs and Os to graph price\nmovements. The scale for the vertical axis is known as the box size. For example, the box could equal\none point. As prices rise, place an X on the chart for each price rise equal to the box size chosen. To plot\na downtrend, plot an O for each price decline equal to the box size chosen.
To consider a movement on a point and figure chart a trend reversal — that is, a change from an up\nmarket to a down market or from a down market to an up market — a change in price by a preselected\namount must occur. Typically, a three-point or three box reversal is used. As long as the price advance\ndoes not reverse by three points (boxes), the uptrend is still intact. If the price does decline three or more\nboxes, then the Os are entered in the next column, indicating the price movement downward."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-1-30-33-point-figure-charting-by-gary-van-powell-20.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-1-30-33-point-figure-charting-by-gary-van-powell-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-1-30-33-point-figure-charting-by-gary-van-powell-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c01-thestoc-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:1 (34-35): The Stock/Bond Yield Gap by Jay Kaeppel"",""caption-linebreaks"":""The Stock/Bond Yield Gap\nby Jay Kaeppel
STOCKS & COMMODITIES contributor Jay Kaeppel presents an indicator using the yield for high-grade\ncorporate bonds and the yield for the DJIA to predict the stock market.
Investors have often wondered if some significant information could be gleaned from comparing yields\non stocks to yields on bonds. In theory, at least, it would seem to make sense that if bond yields were\nmuch higher than stock yields, then investment dollars would be drawn to bonds and away from stocks,\nthus having a negative effect on stock prices. Likewise, if the difference between stock yields and bond\nyields narrowed it would suggest that stocks might become more attractive relative to bonds. Fortunately,\nthis is one case where theory actually works when applied to realistic situations.
THE GAP AS A TOOL
The stock/bond yield gap (SBYG) has proved to be a useful tool in anticipating favorable and unfavorable\nperiods for stock prices. Upon examination, this indicator has at least four factors in its favor. First, it is\nsimple to calculate. Second, interpreting buy and sell signals is equally simple. Third, it serves as a useful\nadvance warning signal to impending turns in the market. Finally, even though the gap rarely gives\nsignals near actual bottoms or tops, it has outperformed the Standard & Poor's 500 by a considerable\namount since I began to track it in 1980."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-1-34-35-the-stock-bond-yield-gap-by-jay-kaeppel-20.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-1-34-35-the-stock-bond-yield-gap-by-jay-kaeppel-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-1-34-35-the-stock-bond-yield-gap-by-jay-kaeppel-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c01-commerc-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:1 (36-39): Commercial Floor Traders Identify Value by Donald L. Jones"",""caption-linebreaks"":""Commercial Floor Traders Identify Value\nby Donald L. Jones
STOCKS & COMMODITIES contributor Donald Jones presents the use of Liquidity Data Bank (otherwise\nknown as Market Profile) to analyze the futures market by studying commercial activity.
A commodity's value is the attribute that all trading methods seek to identify. The fundamentalist is\nclearest about it: Isolate all the economic factors, weight them and combine them to grab the prize: value.\nTechnical analysts use price (and sometimes volume and open interest) to develop trading models —\nimplicity equating some type of smoothed price change to value change. But the link between price and\nvalue in most models is nebulous because value is so difficult to pinpoint.
Then, too, value is often a moving target. In trading range markets (referred to here as bracketing), value\nis the peak region of \""price over time.\"" Value wins the trading popularity contest, the price region with\nthe most trading over the bracketed time period. Identifying this \""fair\"" price (that is, region) can be\naccomplished in a bracketing market with the Overlay Demand Curve (discussed previously in STOCKS &\nCOMMODITIES articles), and in a book on the same subject.
Commercial members, who use the futures markets mostly for business purposes rather than speculation,\nrepresent a wide range of concerns and include grain merchants, livestock hedgers, banks, oil companies,\nsavings and loans as well as others. A commercial's charge is to perform his daily business at value —\nthat is, within the day's value area, which is where 70% of the trading occurs that day. Because of the\nnature of their business, commercial traders know more about where value may be found and changes\ntherein than do others in the market. I will discuss two forms of value here: first today's value, as in value\narea (referred to as \""v\"" in Figures 1 through 6), and also the longer-term, multiday value established in\nthe Overlay Demand Curve (referred to as \""V\"" in Figures 1 through 6). Information on commercial\ntraders' volume at price is released by the clearing association of the Chicago Board of Trade and the Chicago Mercantile Exchange."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-1-36-39-commercial-floor-traders-identify-value-by-donald-l-jones-21.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-1-36-39-commercial-floor-traders-identify-value-by-donald-l-jones-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-1-36-39-commercial-floor-traders-identify-value-by-donald-l-jones-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c01-momentu-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:1 (40-44): Momentum And The S&P 500 by Michael Oliver and Gary Esayian"",""caption-linebreaks"":""Momentum And The S&P 500\nby Michael Oliver and Gary Esayian
As applied to market action, momentum is generally confined to some limited role such as measuring the\nrelationship between moving averages. But momentum can be much more. Michael Oliver and Gary\nEsayian explain.
Momentum, the relative change in price over a specified time, can be used as a methodology of sorts\nfor market analysis. Momentum provides a measure of insight that goes far beyond simple price\nconfirmation. Price can be considered to be the veneer of a market, the side that is clearly visible to the\npublic. Beneath the surface of a market, however, is the internal structure of market action — the\nstructure of momentum. Major shifts in price (whether those moves constitute trend reversals or\nresumption of the previous trends after consolidation) are first announced in momentum structure or a\nmarket's momentum dynamics. Momentum analysis seeks to evaluate market price by measuring\nmomentum. A measurable momentum slowdown indicates that a market reversal is possible because the\nmarket players involved are beginning to have doubts. But momentum maintenance or acceleration\nevinces that the present trend can be sustained.
The study of momentum should not be seen as being primarily a trading \""system\""; rather, it is a\nsystematic approach to understanding price action. Momentum analysis can be used for asset\nmanagement or as an adjunct to other forms of asset management. As a supplement, it is particularly\neffective at tightening performance and reducing risk. It can be applied to commodities as well as equities.
THE VENEER OF PRICE
Are the technical indicators we see so often — indicators such as head and shoulder patterns, rectangular\nand trendline breakouts, moving average juxtapositions, to name only a few — foolproof? Of course not;\nnothing ever is. How, then, does an asset manager or trader know or intuit when he is stepping into a\nlosing situation? It is impossible to say. Thus, momentum can steer the black box trader as well as the pattern trader toward prudent, profitable behavior."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-1-40-44-momentum-and-the-s-p-500-by-michael-oliver-and-gary-esayian-20.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-1-40-44-momentum-and-the-s-p-500-by-michael-oliver-and-gary-esayian-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-1-40-44-momentum-and-the-s-p-500-by-michael-oliver-and-gary-esayian-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c01-sidecal-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:1 (44): SIDEBAR: Calculating Momentum"",""caption-linebreaks"":""CALCULATING MOMENTUM
Momentum is traditionally calculated as the difference\nbetween the price today and the price n days ago. The\nmethod presented here substitutes for the price n days ago an\naverage of the previous three period’s high, low and closing\nprices. ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-1-44-sidebar-calculating-momentum-20.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-1-44-sidebar-calculating-momentum-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-1-44-sidebar-calculating-momentum-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c01-riskass-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:1 (45-50): Risk Assessment For Security Analysis by Lloyd Silver"",""caption-linebreaks"":""Risk Assessment For Security Analysis\nby Lloyd Silver
Assessing the risk in a security is an essential part of the investment process. Here, then, are the\nadvantages and disadvantages of two common risk measures: variance and beta. Further, Lloyd Silver\nintroduces a relatively unknown, yet effective, risk measure called lower partial moment and finishes\nwith a method of comparing securities.
Before discussing how to measure risk in a security, it is important to explain exactly what risk is and\nwhy it is important to the investment process. Three possible conditions are present when forecasting\nsecurity returns: certainty, risk and uncertainty. Certainty is when the investor knows the exact return of\nhis or her investment with 100% probability. This condition is most likely to be present in 90-day\nTreasury bills when held to maturity. The investor knows the rate of return and because it will be held to\nmaturity, there will be no capital gain or loss due to interest rate fluctuations.
Risk is defined as the chance that the actual return from an investment may differ from the expected\nreturn. The more variable the range of possible returns is, the greater the risk and vice versa. The\ncondition of risk is present in most securities. Investors have a forecast of expected future returns, but\nnone of the returns can be guaranteed.
Uncertainty is when the investor has little or no idea about the expected future returns of the security.\nThis condition is usually not theoretically present in an investment situation; most people would not\ninvest in a security if no forecast could be made about the future returns of the tradable whatsoever.\nHowever, because most forecasts are completely subjective anyway, uncertainty as a term can often be\nused interchangeably with risk."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-1-45-50-risk-assessment-for-security-analysis-by-lloyd-silver-20.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-1-45-50-risk-assessment-for-security-analysis-by-lloyd-silver-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-1-45-50-risk-assessment-for-security-analysis-by-lloyd-silver-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c01-sidesou-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:1 (45-50): SIDEBAR: SOURCES OF RISK IN A SECURITY"",""caption-linebreaks"":""SOURCES OF RISK IN A SECURITY
Sources such as:
Business risk: The degree of uncertainty associated with an investment's earnings and the investment's\nability to pay investors the returns owed them."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-1-45-50-sidebar-sources-of-risk-in-a-security-20.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-1-45-50-sidebar-sources-of-risk-in-a-security-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-1-45-50-sidebar-sources-of-risk-in-a-security-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c01-spectra-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:1 (51-54): Spectral Forecasting And The Financial Markets by Denis Ridley, Ph.D.."",""caption-linebreaks"":""Spectral Forecasting And The Financial Markets\nby Denis Ridley, PhD.
Ever considered spectral wave analysis to determine cycles in the stock market? Denis Ridley tells you\nhow.
As a rule, the financial markets are not easy to forecast. While forecasting every future value of the\nindex is not a reasonable objective, predicting sharp changes in very short-term trends is useful for\ntrading, and that is really all that should matter to the trader. While we cannot and will not prove or\ndisprove the random walk theory, we will look at some predictable elements that do exist in the DJIA and\nare of interest to the trader. When a variable is observed over a period, the series of observations is\nreferred to as a time series. Many financial time series have been classified as random walks, in which\ncase forecasting may be impossible. What sort of cyclical content exists in the Dow Jones Industrial\nAverage (DJIA)? Are there any predictable elements?
INFORMATION EMBEDDED IN CYCLES
The spectral approach offers a better way of estimating cyclical components. When recombined by the\nmoving window spectral (MWS) method, the effect of cycles aligning will produce a forecast of major\nturning points, which in turn represent changes in the short-term trend. The information needed to make\npredictions are embedded as component cycles."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-1-51-54-spectral-forecasting-and-the-financial-markets-by-denis-ridley-ph-d-20.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-1-51-54-spectral-forecasting-and-the-financial-markets-by-denis-ridley-ph-d-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-1-51-54-spectral-forecasting-and-the-financial-markets-by-denis-ridley-ph-d-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c10-creatin-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-10"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:10 (395-400): Creating Indicators With Physics by John F. Ehlers"",""caption-linebreaks"":""Creating Indicators With Physics by John F. Ehlers
Do we limit words or do words limit us? As Stocks & Commodities contributor John Ehlers opines, we can't really describe market activity with terms now used in the technical trading field. He suggests a new approach to looking at the market, using as analogy the physical world and as a result, a way to develop sophisticated new indicators.
Every discipline has its jargon. Technical trading is no different. If you doubt that we use jargon, look\nup the standard definition of \""stochastic\"" or \""momentum\"" in a dictionary. These definitions have no\nrelevance to our usage in technical trading. An expanded list of jargon can be found in the glossary\nsection of this magazine every month. As an engineer, I find the use of the term \""oscillator\"" applied to\nthings that don ' t oscillate to be particularly inane.
Am I being pedantic? Absolutely not! Words mean things. Many concepts defy direct translation from\none language to another simply because the precise words, the most accurate definition, don't exist in the\nlatter language.
The words we use affect the way we think and even affect our very survival . I can illustrate with a couple\nof examples. First, Eskimos have more than 25 words for \""snow,\"" while just the one word works for me.\nThat's because my survival in Southern California does not depend on a nuance of the word. Second,\nimagine that I'm from another planet and that I see and hear well and I have an excellent grasp of your\nlanguage. The problem is, I have no sense of smell. It's your job to describe to me how an onion smells.\nYou can't do it! Why? You know how it smells. You simply don't have the words to describe the smell\nwithout involving an understanding-of the sense of smell compared with other things that have a scent."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-10-395-400-creating-indicators-with-physics-by-john-f-ehlers-21.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-10-395-400-creating-indicators-with-physics-by-john-f-ehlers-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-10-395-400-creating-indicators-with-physics-by-john-f-ehlers-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c10-siderpi-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-10"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:10 (395-400): SIDEBAR: THE RPI by Technical Analysis, Inc."",""caption-linebreaks"":""THE RPI by Technical Analysis, Inc.
Applying the RPI, restoring pull indicator, which uses current cycle length and volume in its calculations."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-10-395-400-sidebar-the-rpi-by-technical-analysis-inc-20.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-10-395-400-sidebar-the-rpi-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-10-395-400-sidebar-the-rpi-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c10-intervi-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-10"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:10 (401-407): Dean Barr On Artificial Intelligence by Thom Hartle"",""caption-linebreaks"":""Dean Barr On Artificial Intelligence by Thom Hartle
Barr explains the differences between expert systems and neural networks and some of the keys to successfully applying neural network technology to trading. He also looks at the future of neural network technology.
How did you get started managing money?
I started on Wall Street in 1983 in a Merrill Lynch training program. Prior to that, I was fortunate enough\nto spend a few summers on a trading desk. When I joined Merrill Lynch in 1983, I was shipped off to\nEurope for about a year, where I learned a great deal about the international markets and the way they\noperate, particularly on the equities side.
And after working for Merrill Lynch?
I was recruited by Goldman Sachs and returned to New York. There I was exposed to emerging trading\nand analytical technologies, both in portfolio restructuring as well as trading, through some of my larger\ninstitutional clients. I was working with a lot of large hedge funds, arbitrageurs and big index-type\ncompanies.
Was your educational background mathematical?
Actually, it was a smattering of finance and computer science. I did my undergraduate work at Cornell University and received an MBA from New York University. I was fortunate to be exposed to a lot of very\nbright people. Many new creative, innovative techniques were evolving. The thing that really struck me\n— which backs into where I am today — is that there are a lot of ways to make money in the markets. A\nlot of my clients were making real money in the markets. I was exposed to the good, the bad and the ugly\nin money management: firms that did well, those that did okay and those that did poorly.
What kind of ideas did you come away with?
I felt that inherent in the market environment the opportunity to make money was there, but you had to\nhave an edge. I thought that the edge could be technology-driven — that's where I thought the future\nwould be."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-10-401-407-dean-barr-on-artificial-intelligence-by-thom-hartle-21.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-10-401-407-dean-barr-on-artificial-intelligence-by-thom-hartle-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-10-401-407-dean-barr-on-artificial-intelligence-by-thom-hartle-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c10-designi-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-10"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:10 (410-414): Designing Trading Systems For The Stock Market by Roger Altman, Ph.D."",""caption-linebreaks"":""Designing Trading Systems For The Stock Market by Roger Altman, Ph.D.
System designers are aware that the traditional methods used to select parameter values are prone to\noverfitting. What, then, can be done about it? Stocks & Commodities Roger Altman presents a method to\nreduce this problem by using randomized data to produce parameter values for trading systems that have\nthe best chance of duplicating real-time results.
Mechanical trading systems attempt to exploit the non random portion of price fluctuations. Generally\nspeaking, such trading methods have two parts: the setup and the trigger. The setup usually refers to an\nindicator that can predict price direction in the longer time span, whereas the trigger has predictive value\nin the near term. Good system development requires that these two indicators work independently of one\nanother and complement each other's predictive power. This requirement implies that the same price\nchange cannot be used for both setup and trigger indicators because then their separate predictive abilities\nwould be lost.
SETUP AND TRIGGER INDICATORS
The most practical way to ensure independent forecasting capacity is to formulate setup and trigger\nindicators from unrelated sources of raw data. Because the system developer should be aware that the\nresponse from a trigger indicator should be as fast as possible to limit drawdown, calculations based on\nrecent price change should usually be relied on to provide short-term market predictions.
Having taken into account short-term price fluctuations for the trigger indicator, the system developer\nmust find unrelated data to determine when the stock market is set up to rise or fall in the longer\ntimeframe. Sources for this information come from four general areas: interest rate changes (especially\nFederal Reserve policy changes), sentiment (always be a contrarian at bullish or bearish extremes), commercial, versus public open interest activity (follow the smart money) and broad-based market\nmomentum in the longer timeframe (that is, select a trigger that relies on daily price changes of a narrow\nindex such as the Dow Jones Industrial Average [DJIA], and for the setup use weekly values of a\nbroad-based index such as the Value Line index).
While interest rate policy changes at the Federal Reserve Board are the single most reliable indicator of\nlonger-term market direction, such changes are not frequent enough to serve as a practical setup\nindicator. Similarly, sentiment extremes — which produce the most reliable forecasts of market direction\n— do not occur often enough to satisfy the requirements of an active trading system. On the other hand,\ncombining signals from weekly stock market momentum and commercial versus public open interest\nlevels through the Commitment of Traders Report provide a sufficient number of setup signals."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-10-410-414-designing-trading-systems-for-the-stock-market-by-roger-altman-ph-d-21.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-10-410-414-designing-trading-systems-for-the-stock-market-by-roger-altman-ph-d-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-10-410-414-designing-trading-systems-for-the-stock-market-by-roger-altman-ph-d-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c10-preproc-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-10"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:10 (416-420): Preprocessing Data For Neural Networks by Lou Mendelsohn"",""caption-linebreaks"":""Preprocessing Data For Neural Networks by Lou Mendelsohn
Today's global markets demand new analytical tools for survival and profit as prevailing methods of analysis lose their luster. Here, Stocks & Commodities contributor Lou Mendelsohn explains how an emerging method of synergistic market analysis can be applied to neural networks for financial forecasting and discusses how to select and combine various types of market information and transform the data into a format appropriate for neural network training.
With the rise of artificial intelligence technology and the growing interrelated markets of the 1990s\noffering unprecedented trading opportunities, technical analysis simply based on single market historical\ntesting is no longer enough. To meet the trading challenge in today's global markets, technical analysis\nmust be redefined. I propose a multidimensional method of analysis known as synergistic market\nanalysis, which utilizes artificial intelligence technologies, including neural networks, to synthesize\ntechnical, fundamental and intermarket data. Synergistic analysis can quantify and discern underlying\nrelationships and patterns between related markets, capturing information that reflects global market\ndynamics, which can markedly improve trading performance.
Previously, I discussed the selection of neural network paradigms and architectures for synergistic\ntrading. This time, I will explore several issues related to input data selection and preprocessing. Because\navailable technical, intermarket and fundamental market data is extensive and useful preprocessing\nmethods quite extensive, here are some ways to handle input data effectively and efficiently in\ndeveloping neural networks."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-10-416-420-preprocessing-data-for-neural-networks-by-lou-mendelsohn-21.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-10-416-420-preprocessing-data-for-neural-networks-by-lou-mendelsohn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-10-416-420-preprocessing-data-for-neural-networks-by-lou-mendelsohn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c10-lookin-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-10"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:10 (421-426): Looking For Inefficiently Priced Stocks by Thomas K. Lloyd"",""caption-linebreaks"":""Looking For Inefficiently Priced Stocks by Thomas K. Lloyd
The story is the same everywhere: Find the inefficiency and take advantage of it. This author presents some ideas on how to recognize market inefficiencies by analyzing stock charts and making use of what he calls the inefficient market theory.
Every trader knows that the way to trade profitably and easily is to take advantage of the inefficiencies\nin the marketplace. That means you have to be able to recognize inefficient pricing, have some idea about\nhow badly the price is off, and then time your trade to take advantage of the pricing mechanism error as\nthe price starts to return to the fair market price, the efficient market price where it belongs. To do that,\nyou need to recognize and use the inefficient market theory, so to speak, as well as the better-known\nefficient market theory. The equity trading examples and charts here will help you learn to do just that.
EFFICIENT MARKET THEORY
The insights of efficient market theory are well known. All that is known about the tradable is already in\nthe price! The market is an efficient pricing mechanism because armies of analysts and traders scour the\nlandscape to discover everything possible, report it to their customers, get paid with orders for such\ninformation and get the information into the price structure as quickly as possible.
But the true value of the efficient market theory is that when you recognize inefficient pricing, you know\nit is not going to last long and that price will quickly become efficient. And there is the short-term\nwindow of opportunity for a trader to profit. The inefficient market theory leads to profits because the\nmarket is efficient — eventually."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-10-421-426-looking-for-inefficiently-priced-stocks-by-thomas-k-lloyd-21.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-10-421-426-looking-for-inefficiently-priced-stocks-by-thomas-k-lloyd-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-10-421-426-looking-for-inefficiently-priced-stocks-by-thomas-k-lloyd-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c10-sidejsa-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-10"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:10 (427-431): SIDEBAR: JSA MOVING AVERAGE CALCULATIONS by Technical Analysis, Inc."",""caption-linebreaks"":""JSA MOVING AVERAGE CALCULATIONS by Technical Analysis, Inc.
Calculations for the simple, linear, and exponential moving average, plus the authors new interpretation."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-10-427-431-sidebar-jsa-moving-average-calculations-by-technical-analysis-inc-20.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-10-427-431-sidebar-jsa-moving-average-calculations-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-10-427-431-sidebar-jsa-moving-average-calculations-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c10-thejsam-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-10"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:10 (427-431): The JSA Moving Average by George R. Arrington, Ph.D."",""caption-linebreaks"":""The JSA Moving Average by George R. Arrington, Ph.D.
Presenting the JSA, a unique moving average that could provide an early warning that other technical indicators may have an impending signal. In addition, comparing the JSA with other moving averages raises interesting questions about the information that moving averages in general provide.
Most traders use moving averages to identify underlying price trends and to help signal the timing of a\ntrade. In slow- moving markets, the three most common moving averages (simple, linear and\nexponential) may do just fine. But in fast-moving markets with sudden and large price changes, the JSA\nmoving average may be a better indicator to watch.
COMPARISON OF MOVING AVERAGES\nFigures 1 and 2 illustrate the simple, linear, exponential and JSA moving averages. (The calculation for\neach average is explained in the sidebar, \""JSA calculations,\"" but the JSA can be defined as
(P1 + Pn) / 2\nin which P = price.)
The price series is the same in both Figures 1 and 2, and price changes are exaggerated to illustrate the\ndifferences in the averages. To summarize, prices rise slowly at first; then a large spike increase is\nfollowed by a large decline; then prices stabilize."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-10-427-431-the-jsa-moving-average-by-george-r-arrington-ph-d-20.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-10-427-431-the-jsa-moving-average-by-george-r-arrington-ph-d-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-10-427-431-the-jsa-moving-average-by-george-r-arrington-ph-d-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c10-redefin-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-10"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:10 (432-436): Redefining Volatility And Position Risk by C.A. Kase, C.T.A."",""caption-linebreaks"":""Redefining Volatility And Position Risk by C.A. Kase, C.T.A.
A method on looking at the volatility of intraday price bars using a stop system called the \""dev-stop.\""
Volatility is the key to understanding market behavior. Volatility is the change in price and thus, by\ndefinition, is directly related to price. I normally use true closing range (TCR) as a measure of volatility\nrather than the annualized price probability that options traders employ. The true closing range is the\nlargest absolute value of three possibilities: (1) high minus low, (2) high minus previous close or (3) low\nminus previous close. This is expressed in the same units as the underlying contract or issue we are\ntrading. Specifically, the true closing range tells us the maximum theoretical amount of money we could\nhave made or lost between the close of one bar to the next. Thus, it is easier for a stock or commodity\ntrader to relate to than a percentage measurement.
USING VOLATILITY
As traders, our primary interest is volatility itself. If price does not change, you cannot make any money.\nOf course, without price change you can't lose any money, either. Thus, both reward and risk are directly\nrelated to volatility. By defining volatility in terms of range, we can develop rules (algorithms) for stops that may be universal, working in all markets in all timeframes. We can use the volatility of range as a\nsubstitute for fixed estimates of stop sizes and thus develop a system that will expand and contract —\nbreathe, if you will — with the market's own activity. For example, one published system that is an\nimprovement over using a fixed value as a stop employs the average true range times a fixed value, say 3.\nSo, as volatility increases and decreases, the stop also expands and contracts.
One problem with this approach: Market conditions may dictate that narrower or wider stops be used\ndepending on the status of the trade. For example, during a surging impulse move, when danger of a\nreversal is low, a trader may want to use a wide stop. At other times, when danger of a reversal is\nincreased — such as when momentum divergence is present — the trader may wish to use a narrow stop.\nProblems remain, however, even if we use different factors or multipliers for different conditions."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-10-432-436-redefining-volatility-and-position-risk-by-c-a-kase-c-t-a-21.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-10-432-436-redefining-volatility-and-position-risk-by-c-a-kase-c-t-a-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-10-432-436-redefining-volatility-and-position-risk-by-c-a-kase-c-t-a-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c10-sidecal-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-10"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:10 (432-436): SIDEBAR: CALCULATING THE DEV- STOP by Technical Analysis, Inc."",""caption-linebreaks"":""CALCULATING THE DEV- STOP by Technical Analysis, Inc.
Calculating the DEV-stop."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-10-432-436-sidebar-calculating-the-dev-stop-by-technical-analysis-inc-20.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-10-432-436-sidebar-calculating-the-dev-stop-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-10-432-436-sidebar-calculating-the-dev-stop-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c10-overcom-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-10"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:10 (437-439): Overcoming Trading Trauma by Ruth Roosevelt"",""caption-linebreaks"":""Overcoming Trading Trauma by Ruth Roosevelt
Bad experiences can easily become imprinted in our memories. Because we act according to past experience, we tend to repeat our reactions to situations unless we alter our memory of that experience, thus creating a new map for our future actions. Ruth Roosevelt, director of the Wall Street Hypnosis Center, explains how to overcome a difficult trading experience and ensure that the same mistakes will not be inadvertently repeated.
Traders often ask me to help them get over an overwhelmingly difficult trading experience. The\nimpression of their experience lingers in their minds, causing a variety of trading difficulties and an\ninability to proceed optimally. Losing money in a bad trade is difficult enough to recover from, but the\nloss of confidence and the underlying fear that result can become major hurdles to future trading\nendeavors. The experience is often repeated, not only in the form of nightmares but also in actual trading.
FOR EXAMPLE
One trader I encountered was superb at what she did, building up her equity month after month and year\nafter year. Her sense of invincibility increased and her confidence in the possibilities of a particular\nsituation was so high that she risked everything in one trade. The trade blew up and she lost 90% of her\nequity in a two-week period. Because she was a skilled trader she was able to rebuild her equity, but the\nfear lingered and haunted her trading.
Another trader I met was a professional trader working for an institution where almost every trade was\nhedged. He began to speculate in his own account. His original idea was to put on a currency spread\nposition; unfortunately, a friend talked him into putting on an outright short dollar position. He put on a five-contract position, and almost immediately it began to go against him. He left the trade on for a full\nyear and lost $100,000. The psychological damage suffered during that long year far exceeded the\nmonetary loss, which alone was great enough. Even though he tried new methodologies, he found himself\nunable to place a trade after that loss, and if he did, he could not stay with it. His dream was to trade full\ntime for himself, but he was falling further and further from accomplishing that goal."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-10-437-439-overcoming-trading-trauma-by-ruth-roosevelt-21.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-10-437-439-overcoming-trading-trauma-by-ruth-roosevelt-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-10-437-439-overcoming-trading-trauma-by-ruth-roosevelt-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c10-theimpo-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-10"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:10 (440-442): The Importance of Stop Orders by Patrick Cifaldi, C.M.T."",""caption-linebreaks"":""The Importance of Stop Orders by Patrick Cifaldi, C.M.T.
Some traders view stop orders as an affront to their analytical skills, but they shouldn't. Here are some simple guidelines on using stop orders and saving yourself some painful and costly lessons.
Stop orders are a necessary part of trading. Stop orders have price trigger points that modify them from\nresting orders to be filled at the market if the trigger price is traded at or through during market hours.\nStop orders are used to initiate trades, lock in profits and limit losses on existing trades. Of these,\nsell-stop orders are placed below current prices, while buy-stop orders are placed above current prices.
Stop orders can be used to manage the risk on trades. For example, if a trader were to take a long position\nand then place a sell-stop order with a specific price — that is, an August gold contract trading at $392 —\nthen the sell order might be \""Sell one August gold contract with a 388.80 stop,\"" which is placed below m,\nthe current market price. If the market then trades down to the stop-level price, the order then becomes an\ninstruction to sell at the market and either limits the loss on the long position or locks in the profit. If a\ntrader takes a short position, a buy-stop order is placed above the market. If the price rallies to the\nstop-order price, the order then becomes an instruction to buy at the market, just as if an order to buy had\nbeen placed."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-10-440-442-the-importance-of-stop-orders-by-patrick-cifaldi-c-m-t-20.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-10-440-442-the-importance-of-stop-orders-by-patrick-cifaldi-c-m-t-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-10-440-442-the-importance-of-stop-orders-by-patrick-cifaldi-c-m-t-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c11-equival-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-11"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:11 (445-450): Equivalent Option Strategies by Lawrence G. McMillan"",""caption-linebreaks"":""Equivalent Option Strategies by Lawrence G. McMillan
Stock option traders and futures option traders may think they're already outsmarting stock and futures traders by trading options against their stock or futures positions, but Larry McMillan, author of Options As a Strategic Investment, suggests you take another look: Substituting options for a position in the underlying instrument may be the more efficient alternative. This article presents a simple way to compare alternative options strategies. See what you could be doing.
One of the advantages of options is that they are versatile. Options can be a speculative vehicle or a\nrisk-reducing vehicle. In this article, we'll look at some simple uses of options that can increase your\ntrading efficiency in terms of capital usage and execution without requiring an understanding of complex\noptions strategies.
When options are combined — that is, assuming more than one option position at a time — the profit\npotential that results often resembles that of a more traditional trading position but may be more efficient\nin one of several ways. The key to determining how to compare option combinations with more\ntraditional positions (such as a long stock) is to understand how to determine when two strategies are\nequivalent. Experienced option traders know that understanding equivalent strategies or positions is vital.\nBy establishing the more favorable equivalent strategy, the trader may be able to use his capital more\neffectively or get a better execution when trading.
Two strategies are equivalent when they have the same profit potential — that is, their profit graphs have\nthe same shape. Two equivalent strategies will most likely have vastly different margin requirements, but\ntheir ultimate profit or loss potential is the same in dollars and thus, their rates of return may be\nsubstantially different. Almost every strategy using call options, for example, has an equivalent strategy\nusing put options. (In most of the strategies discussed here, futures may be substituted for stocks.)
Let's look at an example. The purchase of a call option is equivalent to the simultaneous purchase of\ncommon stock plus a put option. Both strategies have profit graphs with the same shape (Figure 1). Both\nhave unlimited upside profit potential and limited risk. Of course, the call purchase requires a much\nsmaller initial investment and has a loss potential of up to 100%. The combined stock and put purchase\nhas a much larger investment, but the potential losses and gains are much smaller on a percentage basis\nthan those of the call purchase."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-11-445-450-equivalent-option-strategies-by-lawrence-g-mcmillan-21.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-11-445-450-equivalent-option-strategies-by-lawrence-g-mcmillan-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-11-445-450-equivalent-option-strategies-by-lawrence-g-mcmillan-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c11-sidesim-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-11"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:11 (451-456): SIDEBAR: SIMPLE RISK CONTROL by Technical Analysis, Inc."",""caption-linebreaks"":""SIDEBAR: SIMPLE RISK CONTROL by Technical Analysis, Inc.
Evaluating your tolerance for risk and determining the size of a purchase.
Assume you have $200,000 for your trading portfolio and a trading strategy that generates buy and sell\nsignals. You have a buy signal at $400 and a stop-loss price of $390. The following guidelines will\ndetermine the number of contracts..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-11-451-456-sidebar-simple-risk-control-by-technical-analysis-inc-20.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-11-451-456-sidebar-simple-risk-control-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-11-451-456-sidebar-simple-risk-control-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c11-intervi-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-11"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:11 (451-456): The Traders' Psyche: Tom Basso by Thom Hartle"",""caption-linebreaks"":""The Traders' Psyche: Tom Basso by Thom Hartle
Why do traders trade? Is it for the potential profit? Is for the love of the hunt? Or is it simply for the challenge? Jack Schwager, who interviewed Tom Basso, president of Trendstat, for his book The New Market Wizards, dubbed the trader \""Mr. Serenity\"" for his approach to trading, managing to be profitable while maintaining peace of mind. Basso, who has $65 million under management, has a trading philosophy that more individuals should embrace: simply, enjoy what you do. Stocks & Commodities interviewed Basso on topics ranging from risk management to diversification and knowing your own trading style.
In general, there are three key issues for traders — systems design, money management and trading\npsychology. Which one do you think new and old traders should focus on?
Investment psychology. If a trader doesn't have a good feeling about what he's doing as a trader, he won't\nsuccessfully implement his game plan. If he's not completely comfortable with the trading system, then\nhe'll run into pitfalls. That will stand in his way of being successful at trading.
Did you start out feeling comfortable with the trading systems that you were using?
Absolutely not! When I first started, I was trading a few contracts of corn and I ended up losing money on\nthose trades. I had no money management, no risk control and almost no idea of what I was doing. It's\nbeen a long evolution for me, making mistakes along the way and paying what I refer to as the tuition of\nthe college of trading. I've learned that building a set of risk and volatility controls and developing\nknowledge of the way I react to markets is the key. Traders have to feel comfortable with their approach.
How does one go about developing a comfortable trading style beyond just back-testing a trading\nsystem?
Simple back-testing is defined as throwing a bunch of numbers in the computer and out comes the\nanswer and you either like the answer or you don't. You may try testing again and again until you get the\nanswer that you want. Back-testing can be useful, but I recommend you go one more step. Print out the gory details.
How much? Or how far?
If it's 10 years, print out 10 years. Sit there and wade through the day-by-day details. Plot each trade and\nmake believe you are actually trading this market and let your thoughts go through your head uninhibited.\nThis should give you a sense of what you'll be facing in the real world of trading. Be very honest with\nyourself. That's where you'll find some of the types of trades that will challenge you on a personal level.\nOtherwise, you may short-circuit applying that trading strategy without good knowledge of how you're\ngoing to react under stressful situations. That's when trading tends to fall apart."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-11-451-456-the-traders-psyche-tom-basso-by-thom-hartle-21.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-11-451-456-the-traders-psyche-tom-basso-by-thom-hartle-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-11-451-456-the-traders-psyche-tom-basso-by-thom-hartle-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c11-train-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-11"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:11 (457-460): Training Neural Networks by Lou Mendelsohn"",""caption-linebreaks"":""Training Neural Networks by Lou Mendelsohn
The application of neural networks to financial forecasting has quickly become a hot topic in today's globalized trading environment. With extensive technical, intermarket and fundamental data available for analysis, neural networks are well suited to pattern recognition and quantifying relationships between interrelated markets. However, neural networks are not easy to develop. Here, S&C contributor Lou Mendelsohn examines the best ways to train and test neural networks for maximum performance.
Successfully developing neural networks to implement synergistic market analysis for financial\nforecasting in today's global markets requires both knowledge of the financial markets and expertise in\nthe design and application of artificial intelligence technologies. Now let us examine the process of\ntraining and testing neural networks for synergistic analysis in which technical, fundamental and\nintermarket data are used to find hidden patterns and relationships within the data.
To accomplish this, a set of data facts must be selected for presentation to the network. In addition,\nvarious training parameters must be optimized during the training process, and a protocol that automates\nthe training and testing process to assure proper training of the network must be devised. If done\nproperly, superior performance and more accurate forecasts can be achieved over rule-based technical\nanalysis methods that rely on single market linear modeling of market dynamics."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-11-457-460-training-neural-networks-by-lou-mendelsohn-20.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-11-457-460-training-neural-networks-by-lou-mendelsohn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-11-457-460-training-neural-networks-by-lou-mendelsohn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c11-anewexi-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-11"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:11 (462-466): A New Exit Strategy by Adam White"",""caption-linebreaks"":""A New Exit Strategy by Adam White
Most traders search for entry signals for trading systems and use a reversal of the entry signal for exits. Sounds simple enough, right? But what about developing exit strategies separate from your entry method? Here, technical analyst Adam White discusses an exit signal called the CHL/LLF based on two types of indicators for exiting trades.
To be truly effective, a trading strategy requires that the trader in question hold his or her positions\nwhenever the risk/reward outlook of the market appears to be sufficiently attractive to warrant it.\nTypically, this is based on the idea that a trend has developed and will continue for a period, long enough\nfor the savvy market participant to realize a profit. In some trading methods, the same indicators used to\ndetect the trend's beginning are also used to detect the trend's end, while in other methods, one set of\nindicators will be used to define the entry point and another set of indicators to identify the exit point.\nThe CHL/LLF is a new exit method designed to identify a trend's conclusion and a conclusion only.
The CHL/LLF method incorporates two indicators, one of which is a filter and the other of which is a\ntrigger. The first indicator is called the concurrent highest lows pattern, or CHL. The second is the low to\nlow fall indicator, or LLF. To maintain clarity and brevity I will refer, illustrate and test only long\npositions here. I contend that strategies that are effective for exiting short positions will have parallels to\nthe long positions that I will show here. Here, then, is the theory behind the CHL/LLF and its construction\nand a test that quantifies performance.
INDICATOR THEORY
Longer-term trend-following methods generate trading signals when the current trend reverses and moves\na given distance in the opposite direction. Thus, they have both a particular strength and a particular\nweakness: they are effective at staying with a trend as long as it moves in the desired direction, but they\nalso suffer the flaw of giving back equity before the signal occurs."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-11-462-466-a-new-exit-strategy-by-adam-white-21.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-11-462-466-a-new-exit-strategy-by-adam-white-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-11-462-466-a-new-exit-strategy-by-adam-white-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c11-sidechl-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-11"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:11 (462-466): SIDEBAR: THE CHL/LLF METHOD SPREADSHEET by Technical Analysis, Inc."",""caption-linebreaks"":""THE CHL/LLF METHOD SPREADSHEET by Technical Analysis, Inc.
Recall that the \""concurrent highest low\"" filter (CHL) is a condition set up for the \""largest low to low fall\""\ntrigger (LLF) and that the two are true/false situations. Therefore, the CHL filter can be presented with\neither a 1 for true or a zero for false readings. The LLF indicator can be presented as a 2 for true and a\nzero for false. In this manner, both the CHL and the LLF can be plotted simultaneously as in sidebar Figure\n1, December Treasury bonds, 5/13/93 to 9/13/93. The sell signal is used as an exit from a long position\nthat may be established from another trading system."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-11-462-466-sidebar-the-chl-llf-method-spreadsheet-by-technical-analysis-inc-21.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-11-462-466-sidebar-the-chl-llf-method-spreadsheet-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-11-462-466-sidebar-the-chl-llf-method-spreadsheet-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c11-usingte-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-11"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:11 (467-471): Using Technical Performance Measures by Sidney I. Gravitz"",""caption-linebreaks"":""Using Technical Performance Measures by Sidney I. Gravitz
Today's spreadsheets offer investors the ability to develop customized economic and investment monitors. Here's one take on the use of a spreadsheet for managing money.
I f you invest, you may find that success comes about from committing funds in accord with favorable\nodds. I use widely available technical performance measurements (TPMS) to track the various phases of\nthe economic and market cycles, along with moving averages to aid in specific buy and sell decisions.\nMy approach is suitable for investment amateurs with a personal computer spreadsheet, an analytical\nbent, a moderate tolerance for risk but only limited time to devote to investment management.
Stock and bond investing is attractive because it is a positive-sum game. Gambling is typically a\nnegative-sum game — that is, keep at it long enough and the house will win. Commodity speculation, in\ncontrast, is (almost) a zero-sum game — for every loser there is a winner plus transaction costs. On the\nother hand, the US economy's historical expansion has resulted in a median 10-year annual return since\n1926 of 9.7 % in the Standard & Poor's 500 index. I believe that some intelligent tracking, screening and\nassessment can improve on that amount, with relatively modest risk. In particular, intermediate-term\ninvesting — one to three years — using basic economic and market cycle timing considerations can\nexceed average market returns."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-11-467-471-using-technical-performance-measures-by-sidney-i-gravitz-20.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-11-467-471-using-technical-performance-measures-by-sidney-i-gravitz-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-11-467-471-using-technical-performance-measures-by-sidney-i-gravitz-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c11-compari-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-11"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:11 (472-476): Comparing Three Indicators by J.R. Davis"",""caption-linebreaks"":""Comparing Three Indicators by J.R. Davis
Three trend-following indicators swing charts, random walks and moving averages are compared as separate mechanical trading methods.
Although the markets that we trade are (arguably) fractal in nature and so not subject to close\napproximation by linear systems, purely mechanical approaches do have advantages over more\nindividual, human approaches. Mechanical systems never have a bad day due to a head cold, for example,\nnor do they wait for more evidence before entering or exiting a position. At the very least, mechanical\nsystems should provide useful additions to some traditional and more subjective methods of technical\nanalysis. Mechanical systems should function like signposts. A signpost is designed to point the traveler\nin the right direction. A good signpost is invaluable.
BY LANTERN'S LIGHT
In my search for purely mechanical signposts, I tested swing charts and the random walk index (RWI). As\na benchmark, I used crossover moving averages (XMA). I thought there might be some compatibility\nbetween swing charts and the RWI, so I devised a program that used both. I did not intend the test results\nto simulate actual trading. Rather, they are tests to discover utility and point out ways to improve my\ntrading."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-11-472-476-comparing-three-indicators-by-j-r-davis-21.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-11-472-476-comparing-three-indicators-by-j-r-davis-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-11-472-476-comparing-three-indicators-by-j-r-davis-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c11-sidebui-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-11"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:11 (472-476): SIDEBAR: BUILDING A RANDOM WALK INDEX by Technical Analysis, Inc."",""caption-linebreaks"":""SIDEBAR: BUILDING A RANDOM WALK INDEX by Technical Analysis, Inc.
Instructions on creating a random walk index."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-11-472-476-sidebar-building-a-random-walk-index-by-technical-analysis-inc-21.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-11-472-476-sidebar-building-a-random-walk-index-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-11-472-476-sidebar-building-a-random-walk-index-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c11-sideswi-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-11"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:11 (472-476): SIDEBAR: Building swing charts by Technical Analysis, Inc."",""caption-linebreaks"":""SIDEBAR: Building swing charts by Technical Analysis, Inc.
How to build a swing chart, with example."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-11-472-476-sidebar-building-swing-charts-by-technical-analysis-inc-20.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-11-472-476-sidebar-building-swing-charts-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-11-472-476-sidebar-building-swing-charts-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c11-sideran-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-11"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:11 (472-476): SIDEBAR: RANDOM WALK INDEX SPREADSHEET by Thom Hartle, Editor"",""caption-linebreaks"":""SIDEBAR: RANDOM WALK INDEX SPREADSHEET by Thom Hartle, Editor
Sidebar Figure 1 is a bar chart with 10 days of simulated data; today's current high and low are plotted as\nif the market is still trading. The random walk index of the lows can measure if today's low price\nindicates that the market is trending or just in a random trading range. Sidebar Figure 2 is an example of\nsetting up an Excel spreadsheet for creating the random walk index for lows. This spreadsheet is set up\nwith the most current day's data in the bottom row. Remember that the denominator for the index uses the\naverage range of the lookback period multiplied by the square root of the number of the days of the\nlookback period. The average range uses the true range, which is the greatest of two comparisons: today's\nhigh minus today's low or yesterday's close minus today's low."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-11-472-476-sidebar-random-walk-index-spreadsheet-by-thom-hartle-editor-20.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-11-472-476-sidebar-random-walk-index-spreadsheet-by-thom-hartle-editor-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-11-472-476-sidebar-random-walk-index-spreadsheet-by-thom-hartle-editor-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c11-thepara-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-11"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:11 (477-479): The Parabolic Trading System by Thom Hartle"",""caption-linebreaks"":""The Parabolic Trading System by Thom Hartle
Traders are always searching for methods with which to manage risk through the use of stop-loss orders. One method that has been proposed for determining stops is by using a mechanical formula based on the parabolic indicator, also known as the stop and reverse (SAR). How does it work?
The parabolic time/price system was introduced by J. Welles Wilder in New Concepts in Technical\nTrading Systems. The trading concept itself is an automatic reversal system, in which the system always\nhas a position that is either long the market or short the market. For example, the first entry for a long\nposition occurs when the recent extreme high is violated, at which point the trailing stop and reverse\n(SAR) order is placed at the recent extreme low price. Each day, the SAR order will advance higher in\nprice, slow at first and then more each day. If you were to chart the SAR order price level, it would\nresemble a parabola (Figures 1 and 2). If the sell SAR order were to be executed, then the buy SAR would\nbe placed at the most recent extreme high, and each day the buy SAR is lowered, again slow at first but\nincreasingly lower each day until the market moves above the buy SAR. Then the system is back long,\nwith the new SAR trailing from the most recent extreme low price.
This trading system has two points of appeal. First is the initial room that a trade is given between the\nentry price and the SAR order. Not all markets begin to trend immediately, but in time a trend may\ndevelop, and making an allowance for this possibility is promising. The SAR order has minor adjustments\nto make at first, but after a period of time the SAR begins to catch up with the market, automatically\nadjusting the distance between the SAR order and the current market.
If the trend were to reverse, the stop and reverse order would be hit, and with any luck lock in a profit and\nbe positioned with the new trend. Unfortunately, the trading method requires a fairly strong trend because\notherwise, the buy SAR orders would be executed near the top of the trading range and the sell SAR orders\nexecuted near the bottom of the trading range (Figure 3), resulting in trading losses. However, some\ntraders use different entry rules, and the parabolic indicator is only used for confirmation of the trend and\nfor selecting a stop-loss order late in the trade."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-11-477-479-the-parabolic-trading-system-by-thom-hartle-20.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-11-477-479-the-parabolic-trading-system-by-thom-hartle-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-11-477-479-the-parabolic-trading-system-by-thom-hartle-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c12-leading-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-12"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:12 (483-488): Leading Indices At Bull Market Peaks by Tim Hayes"",""caption-linebreaks"":""Leading Indices At Bull Market Peaks\nby Tim Hayes
So which indices do you think most reliably lead the market? To find out, STOCKS & COMMODITIES\ncontributor Tim Hayes, who was also interviewed in the August 1991 issue, examined 14 indicators for\ntheir market forecasting ability, beginning early in the 20th century. The indicators that he studied\nranged far in variety and included the categories of economics, market breadth and interest rates. Of the\n14, two were judged to have performed the best in leading the market within these categories. What were\nthey? Keep reading.
Confirmation and divergence. Technical analysts cannot afford to ignore this Dow theory tenet, which\nholds that the greater the confirmation between the Dow Jones Industrial Average (DJIA) and the DOW\nJones Transportation Average (DJTA), the stronger the trend is; and the greater the divergence, the more\nsuspect the trend is. It can be especially useful to keep this tenet in mind when watching indices that tend\nto peak before the rest of the market does. When such an index diverges, a market top may be\nforthcoming; when it reaches new highs, higher highs may be ahead. Here, let us compare various leading\nindices and, in the process, attempt to gauge their reliability."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-12-483-488-leading-indices-at-bull-market-peaks-by-tim-hayes-21.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-12-483-488-leading-indices-at-bull-market-peaks-by-tim-hayes-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-12-483-488-leading-indices-at-bull-market-peaks-by-tim-hayes-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c12-sidetre-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-12"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:12 (489-495): SIDEBAR: TREND REVERSAL"",""caption-linebreaks"":""TREND REVERSAL
Before discussing the concept of a trend reversal, the proper way to draw a trendline must be discussed. If\na market is in a downtrend, the trendline is drawn from the highest high to the lowest minor high before\nthe lowest low on the chart.
In sidebar Figure 1, two downward trendlines are drawn. Trendline A is incorrect because the line uses\nthe minor high after the lowest low. Trendline B is the correct trendline because it uses the lowest minor\nhigh just before the lowest low.
Finally, the trendline should not have any prices trading through the trendline between these two points.\nIf the market is in an uptrend, the trendline is drawn from the lowest low to the highest minor low before\nthe highest high on the chart. The trendline should not have any prices trading through the trendline\nbetween these two points."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-12-489-495-sidebar-trend-reversal-21.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-12-489-495-sidebar-trend-reversal-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-12-489-495-sidebar-trend-reversal-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c12-talking-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-12"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:12 (489-495): Talking With \""Trader Vic'' Sperandeo by Thom Hartle"",""caption-linebreaks"":""Talking With \""Trader Vic\"" Sperandeo\nVictor Sperandeo, money manager, economist and co-author of the popular Trader Vic: Secrets of a\nWall Street Master and author of a second book due out this winter, is more than just a successful trader.\nA trading and investing success who by his own admission never went beyond high school, Sperandeo\nworked and studied at the school of hard knocks (otherwise known as Wall Street) for his string of\nsuccesses. How did he do it? What's the secret? As usual, it comes out to hard work — and study, lots\nand lots of studying. To find out the details, STOCKS & COMMODITIES Editor Thom Hartle interviewed Vic\nSperandeo via telephone on September 16, 1993, discussing among other topics his view of the markets,\nhow they work and tips on how to trade successfully.
Things change. There are technical observations and technical indicators that are new and up and\ncoming and some are on their way out. You have to constantly update and adjust and remain focused on\nthe fact that things change. Most people don't think of it that way. They think if they've got something that\nworks, it will work forever. But it doesn't. — Victor Sperandeo"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-12-489-495-talking-with-trader-vic-sperandeo-by-thom-hartle-21.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-12-489-495-talking-with-trader-vic-sperandeo-by-thom-hartle-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-12-489-495-talking-with-trader-vic-sperandeo-by-thom-hartle-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c12-markovc-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-12"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:12 (496-499): Markov Chains by George R. Arrington, Ph.D."",""caption-linebreaks"":""Markov Chains\nby George R. Arrington, Ph.D.
A Markov chain, the concept of which was developed in 1906 by Russian mathematician A.A. Markov, is\na mathematical tool that traders might use to predict future price changes on the basis of past price\nchanges. STOCKS & COMMODITIES contributor George R. Arrington explains how.
A Markov chain is a mathematical tool that was developed in the early 1900s. It has been used in a\nvariety of applications, including but not limited to forecasting weather changes, voting patterns,\ndemographic trends, agricultural yields, insurance payout and even outcomes of sporting events. It is a\ntechnique that traders can conceivably use to predict future price changes on the basis of past price\nchanges, to identify the probabilities of future price changes and to assess potential risk."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-12-496-499-markov-chains-by-george-r-arrington-ph-d-21.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-12-496-499-markov-chains-by-george-r-arrington-ph-d-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-12-496-499-markov-chains-by-george-r-arrington-ph-d-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c12-sidemat-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-12"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:12 (496-499): SIDEBAR: MATRIX MULTIPLICATION"",""caption-linebreaks"":""MATRIX MULTIPLICATION
If matrix A is size (m × n) and matrix B is size (n × k), then the product of matrix A times matrix B is\nanother matrix, AB, of size (m × k). To find the element of the ith row and jth column of the product\nmatrix, multiply each element of the ith row of A by the corresponding element in the jth column of B\nand then add these products.
Example: Find the product of matrices A and B. (Matrix A and B are identical because we want to\nmultiply matrix A by itself.)"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-12-496-499-sidebar-matrix-multiplication-21.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-12-496-499-sidebar-matrix-multiplication-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-12-496-499-sidebar-matrix-multiplication-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c12-sidecal-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-12"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:12 (500-505): SIDEBAR: CALCULATING WEIGHTED MOVING AVERAGES"",""caption-linebreaks"":""CALCULATING WEIGHTED MOVING\nAVERAGES
The first step for calculating a weighted moving average (WMA) is to decide the lookback period (n) and\nthe alpha (a). For our example in sidebar Figure 1, we are using n = 8 and a = 0.6 to calculate the\noptimized weighted moving average (OWMA) described in \""Weighted moving averages.\"" The OWMA is\ncalculated in column E and is smoothing the put/call ratio calculated in column D. Each cell in column D\nis simply the ratio of the put volume in column C divided by the call volume in column B — that is, cell\nD2 = C2/B2.
Enter the alpha in cell F2; our example has 0.6 entered. The weight counter i is listed in column G. We\nare using n = 8, so enter in the values 1 through 8 in cell G2 to G9. When calculating the weights, the\ndenominator never changes, therefore, the denominator can be calculated once. This is performed in cell\nH2. The formula for cell H2 is:"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-12-500-505-sidebar-calculating-weighted-moving-averages-21.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-12-500-505-sidebar-calculating-weighted-moving-averages-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-12-500-505-sidebar-calculating-weighted-moving-averages-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c12-weighte-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-12"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:12 (500-505): Weighted Moving Averages by Thomas Hutchinson and Peter G. Zhang, Ph.D."",""caption-linebreaks"":""Weighted Moving Averages\nby Thomas Hutchinson and Peter G. Zhang, PhD.
The moving average is well known and much used in the field of technical analysis, but it also has a\nflaw: its lack of flexibility. But it need not be fatal. First-time STOCKS & COMMODITIES contributors\nThomas Hutchinson and Peter Zhang of MMS International present variations of moving averages to\ncombat the lack of flexibility in simple moving averages and linearly weighted moving averages by\nintroducing the general weighted moving average (GWMA).
Moving averages are used in most forms of technical analysis to forecast trends and to smooth data.\nOf these, the most widely used and best known is the simple moving average (SMA), which is the\narithmetic mean or average of a series of prices over a period of time.
To take an example, let the lookback period be, say, five. Sum the last five periods and divide the result\nby five. For example, a five-period simple moving average of the Standard & Poor's 500 would be:"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-12-500-505-weighted-moving-averages-by-thomas-hutchinson-and-peter-g-zhang-ph-d-21.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-12-500-505-weighted-moving-averages-by-thomas-hutchinson-and-peter-g-zhang-ph-d-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-12-500-505-weighted-moving-averages-by-thomas-hutchinson-and-peter-g-zhang-ph-d-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c12-sidemar-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-12"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:12 (506-511): SIDEBAR: MARKET THRUST"",""caption-linebreaks"":""MARKET THRUST
In a spreadsheet, the cumulative market thrust line and the thrust oscillator (TO) use the daily number of\nadvancing issues, declining issues, upside volume and downside volume. In Figure 1, the NYSE\nComposite is column B, the number of advancing stocks is column C and the number of declining stocks\nis column D. The volume of advancing stocks is in column E and the volume of stocks declining in\ncolumn F. The daily market thrust is calculated in column G. The following formula is entered into cell\nG2 and copied down:"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-12-506-511-sidebar-market-thrust-21.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-12-506-511-sidebar-market-thrust-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-12-506-511-sidebar-market-thrust-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c12-thecumu-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-12"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:12 (506-511): The Cumulative Market Thrust Line by Tushar S. Chande, Ph.D."",""caption-linebreaks"":""The Cumulative Market Thrust Line\nby Tushar S. Chande, PhD.
STOCKS & COMMODITIES contributor Tushar Chande originally introduced the concept of market thrust in\nAugust 1992 as a method by which to overcome the limitations of the Arms index. Since then, variations\nhave been suggested on the theme and here, Chande offers the variation of a cumulative market thrust\nline, in which market thrust is cumulated to calculate a volumetric advance-decline line by including the\neffect of up and down volume.
Simply stated, the advance-decline (A-D) line, which is a broad-gauge measure of market activity, is\nthe cumulative sum of advancing minus declining issues. The daily number can be positive or negative,\nand so, the advance-decline line can increase or decrease. The actual value of the current running total\ndepends on the starting date of the calculation that the investor or trader may choose.
During bull markets, advancing stocks are more numerous than declining stocks, while the reverse is true\nduring bear markets. As a result, it is the direction of the A-D line that is more important than the current\nvalue. The A-D line rises during broad-based bull markets and falls during bear markets."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-12-506-511-the-cumulative-market-thrust-line-by-tushar-s-chande-ph-d-21.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-12-506-511-the-cumulative-market-thrust-line-by-tushar-s-chande-ph-d-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-12-506-511-the-cumulative-market-thrust-line-by-tushar-s-chande-ph-d-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c12-activer-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-12"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:12 (512-517): Active Risk Management by Richard Gard"",""caption-linebreaks"":""Active Risk Management\nby Richard Gard
The options market is often thought of as a simple directional play: Buy a call option if you're bullish or\nbuy a put option if you're bearish. But options can also be used to manage a position. Here's a real-life\nexample of a trade that started as a simple long future position, became a synthetic call option, mutated\nto a long derivative strangle and (finally!) ended up as a dynamic put ratio backspread.
Often, traders using trend-following systems with passive risk management face day-to-day changes in\nthe markets' direction that can challenge the discipline of the best traders. After all, the global economy is\nin a constant state of flux, and the markets generate a lot of noise. Constant whipsaws, volatile ranges and\npolitically induced price shocks have wreaked havoc with markets. The strong trends have ended with\nsudden major reversals, giving many traders a serious reduction of open profits as stop-loss orders are\nfilled at terrible price levels. So what's a trend-following speculator to do when stop-loss orders are not\neffective in controlling risk?
The answer is active trade management with exchange-traded derivatives. Derivatives or options\nstrategies in a toolkit can transform a position to fit the trader's particular risk tolerance and price\nprojection. Modeling position risk with options analytical software keeps one aware of the market in a\ndimension other than price or volume. Active trade management keeps you focused on opportunities\nthrough the use of option hedge strategies."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-12-512-517-active-risk-management-by-richard-gard-21.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-12-512-517-active-risk-management-by-richard-gard-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-12-512-517-active-risk-management-by-richard-gard-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c12-sideimp-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-12"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:12 (512-517): SIDEBAR: IMPLIED RISK"",""caption-linebreaks"":""IMPLIED RISK
This version of the implied risk formula differs slightly from the original DYR version given in the June\n1993 interview with Jim Yates, because this version uses average implied volatility of all of the options\nmultiplied by the total option volume."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-12-512-517-sidebar-implied-risk-21.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-12-512-517-sidebar-implied-risk-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-12-512-517-sidebar-implied-risk-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c12-sidegre-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-12"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:12 (512-517): SIDEBAR: THE GREEKS"",""caption-linebreaks"":""THE GREEKS
Delta: The rate of change of option price with regard to its underlying asset. An option with a delta of 25\nwill move 25% as much as the underlying asset. The delta of options changes with the distance of the\nstrike price from the underlying. It also measures the equivalent unhedged position in the underlying.\nCalls have positive delta; puts are negative."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-12-512-517-sidebar-the-greeks-21.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-12-512-517-sidebar-the-greeks-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-12-512-517-sidebar-the-greeks-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c12-usingne-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-12"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:12 (518-521): Using Neural Networks For Financial Forecasting by Lou Mendelsohn"",""caption-linebreaks"":""Using Neural Networks For Financial\nForecasting\nby Lou Mendelsohn
With this offering, STOCKS & COMMODITIES contributor Lou Mendelsohn concludes his examination of\nneural networks for financial forecasting in today's globalized trading environment. Here, Mendelsohn\nconcentrates on implementation issues and discusses how neural networks should be utilized as part of\nan overall trading strategy. Finally, he takes a brief look at the future of artificial intelligence\ntechnologies to implement synergistic market analysis.
No discussion of the design, training and testing of neural networks could be complete without\naddressing the topic of implementation. How can a neural network, or combination of networks, be\nintegrated into information systems and trading systems? Here is an example that uses many of the\nconcepts of neural network development covered previously: training and testing, preprocessing, fact\nselection, input selection, architecture and paradigms."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-12-518-521-using-neural-networks-for-financial-forecasting-by-lou-mendelsohn-21.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-12-518-521-using-neural-networks-for-financial-forecasting-by-lou-mendelsohn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-12-518-521-using-neural-networks-for-financial-forecasting-by-lou-mendelsohn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c02-relativ-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:2 (57-60): Relative Momentum Index: Modifying RSI by Roger Altman"",""caption-linebreaks"":""Relative Momentum Index: Modifying RSI\nby Roger Altman
Overbought/oversold indicators are popular among traders for identifying market turns. The relative\nstrength index (RSI) is one such popular indicator. Here, Roger Altman presents his work on modifying\nthe index to smooth the indicator's sensitivity to momentum and the benefits that result.
When a technical indicator such as a moving average or stochastics fails to give a timely signal, it is\nalmost always due to the indicator's lookback period being out of phase with price movement. For most\nindicators to work properly, they need to use an accurate lookback value. Unfortunately, there is no\ncorrelation between the best lookback value from one period to another, and that is why most technical\nindicators are unreliable. But not all.
J. Welles Wilder's relative strength index (RSI) has been one of the most popular overbought/oversold\nindicators since its publication in New Concepts in Technical Trading Systems in 1978. A notable\nattribute of the RSI is that its response to price fluctuations is insensitive to its sole parameter, the\nlookback period (value X shown in sidebar \""The RSI and the RMI\""). But the RSI is not always easy to\ninterpret, because it doesn't oscillate evenly between overbought and oversold regions (Figure 1 gives an\nexample for the Standard & Poor's 500). To compensate for this erratic behavior, technicians often use\ntrendlines as well as support and resistance analysis of the RSI itself to help anticipate reversal points.\nThese techniques have done little to improve the reliability of the relative strength index because chart\nanalysis is more an art (that is, subjective) than it is a science (that is, objective) and, therefore, almost\nimpossible to test statistically by computer."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-2-57-60-relative-momentum-index-modifying-rsi-by-roger-altman-21.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-2-57-60-relative-momentum-index-modifying-rsi-by-roger-altman-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-2-57-60-relative-momentum-index-modifying-rsi-by-roger-altman-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c02-sidersi-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:2 (60): SIDEBAR: The RSI and the RMI"",""caption-linebreaks"":""THE RSI AND THE RMI
The formula for the relative strength index (RSI) is:
RSI = 100((RS/(1+RS))
where:
RS = AU/AD during the last X days
AU = Yesterday’s AU - (AU/X) + today’s up close or zero
AD = Yesterday’s AD - (AD/X) + the absolute value of
today’s down close or zero ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-2-60-sidebar-the-rsi-and-the-rmi-20.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-2-60-sidebar-the-rsi-and-the-rmi-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-2-60-sidebar-the-rsi-and-the-rmi-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c02-sidemon-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:2 (61-69): SIDEBAR: MONEY FLOW INDICATOR"",""caption-linebreaks"":""MONEY FLOW INDICATOR
The money flow indicator is based on the concept that the large-volume single trades are much more\nimportant than smaller-share trades. For example, if a stock trades down one tick on 200 shares and then\nthe next trade is an uptick on 12,000 shares, then the large buyers are aggressively purchasing the stock.\nThe opposite holds true for a negative indication. A stock that trades up a tick on 100 shares and the next\ntrade is down a tick with 11,000 shares is being sold by large traders. The volume of shares traded on\nupticks is summed and the volume of shares traded on downticks is subtracted. The cumulative total for\nthe day of every trade's volume is then plotted.
Birinyi Associates' money flow classification system ranks stocks from 5 to 1. A 5 is given to stocks with\nongoing, persistent accumulation. Both Delta Airlines (DAL) and Texas Instruments (TXN) are examples\n(Figures 1 and 2). Not quite as positive are the issues coded 4. These are stocks where the buying may not\nbe continuous, as well as stocks that are declining but the decline is not accompanied by selling. That the\nmoney flow is neutral while an issue is decreasing in price is a plus. Recently, Dana (DCN) retail trades\nand American Express' (AXP) block trades have had this pattern (Figures 3 and 4). Neutral stocks are\ncoded as 3. These are issues where the flows and the price are generally coincident and buyers do not buy\non weakness and sellers do not sell into strength. These issues should be market performers and would be\nanother version of a hold opinion. In mid-October 1992, Dow Chemical's (DOW) nonblock trades were\nclassified 3, while Goodyear Tire (GT) had been for most of 1992 (Figures 5 and 6)."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-2-61-69-sidebar-money-flow-indicator-21.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-2-61-69-sidebar-money-flow-indicator-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-2-61-69-sidebar-money-flow-indicator-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c02-intervi-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:2 (61-69): The Critical Eye Of Laszlo Birinyi by Thom Hartle"",""caption-linebreaks"":""The Critical Eye Of Laszlo Birinyi by Thom Hartle
Laszlo Birinyi of Birinyi Associates is a most unusual technician, one who is critical of most technical\nmethods. Birinyi, a former director of Salomon Brothers, is currently head of his own market research\nconsulting firm and one of Wall $treet Week's 10 technical elves. STOCKS & COMMODITIES Editor Thom\nHartle spoke with Birinyi via telephone on November 25, 1992, discussing his work on researching\nindicators, the importance of historical analysis and his work on money flow analysis.
At one point, perhaps by examining the market and living with it constantly, I began to get the sense that\nmost people talking about the market were not in touch with what really goes on in the market.
Quite frankly, people practice too much technical commentary, always focusing on where the market is\ngoing, instead of having a better understanding of where the market is.
For starters, could you give our readers a short summary of your background?
I began my career on Wall Street in the 1970s as a trader on the desk of Arbach, Pollack & Richardson. I\nwas there until November 1974, when I went to Mitchell Hutchins. At Mitchell Hutchins I was concerned\nwith what you might call trading tools—traders were pretty much left to their own devices and there\nwasn't really much information on the short term or on the market. I tried to develop some sense of the\nmarket by subscribing to any number of technical services, and I tried a lot of newsletters. At one point,\nperhaps by examining the market and living with it constantly, I began to get the sense that most people talking about the market were not in touch with what really goes on in the market."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-2-61-69-the-critical-eye-of-laszlo-birinyi-by-thom-hartle-21.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-2-61-69-the-critical-eye-of-laszlo-birinyi-by-thom-hartle-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-2-61-69-the-critical-eye-of-laszlo-birinyi-by-thom-hartle-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c02-congest-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:2 (70-75): Congestion Phase Analysis With Candlesticks by Holliston Hill Hurd"",""caption-linebreaks"":""You can trade markets by combining congestion phase analysis with candlestick charting patterns. This\ntechnique, a form of pattern recognition, can be used to profit from stocks, commodities and futures.\nHolliston Hill Hurd explains.
Three steps are necessary in using candlestick charts for trading congestion areas. First—and it is\nindeed a very important first—the trader must understand congestion areas. Second, the trader must\nunderstand reversal patterns within the congestion areas using candlestick charts. Third, the trader must\ndefine when and how to enter the market. For beginning traders, this technique is an excellent\nintroduction to trading with pattern recognition. For experienced traders, this technique is a new way to\nsimplify their market perception and might inspire some new ideas to test on a computer.
Above all, it is important to recognize the situation that the market is currently in, which is where\ncongestion phase analysis comes into play. Most markets are in a congestion situation perhaps 85% of the\ntime—that is, most of the time —and in a trend run only 15% of the time. Thus, it benefits traders to\nstudy methods for trading congestions. Following are some basic definitions of congestion phases:
CONGESTION PHASES
Line congestion areas: A congestion area forms when neither the bulls nor the bears are in control of the\nmarket (Figure 1), when the forces of supply and demand keep prices between support and resistance\npoints of a particular trading range. As supply and demand apply pressure to a range from both the top\nand the bottom, together they form a line congestion area. The more time that is spent in a line\ncongestion area, the more dramatic the breakout and run that ensues will be."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-2-70-75-congestion-phase-analysis-with-candlesticks-by-holliston-hill-hurd-21.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-2-70-75-congestion-phase-analysis-with-candlesticks-by-holliston-hill-hurd-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-2-70-75-congestion-phase-analysis-with-candlesticks-by-holliston-hill-hurd-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c02-sidecan-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:2 (70-75): SIDEBAR: THE CANDLESTICK METHOD"",""caption-linebreaks"":""THE CANDLESTICK METHOD
The candlestick chart can be used to interpret the movement of markets from intraday out to a monthly\nchart format. The basic candlestick chart depicts the market open, high, low and close."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-2-70-75-sidebar-the-candlestick-method-21.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-2-70-75-sidebar-the-candlestick-method-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-2-70-75-sidebar-the-candlestick-method-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c02-pointfi-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:2 (76-79): Point & Figure Relative Strength by Michael J. Moody and Harold B. Parker"",""caption-linebreaks"":""Point & Figure Relative Strength\nby Michael J. Moody and Harold B. Parker
STOCKS & COMMODITIES contributors Michael J. Moody and Harold B. Parker suggest using point and\nfigure and relative strength as a way to identify strong and weak stocks.
It has often been asserted that long-term relative strength of individual stocks is an important\ncomponent of trading success. This makes intuitive sense: one ought to be able to construct a portfolio\nthat outperforms the market by selecting stocks that are stronger than the market on a relative basis.
There are numerous formulations for relative strength. Mansfield Charts, for example, calculates a\nperformance ratio that is a percentage comparison with an index average. Daily Graphs reports a scaled\npercentile number with the most recent quarter more heavily weighted. The methodology examined here,\nhowever, is the relative strength buy and sell signals generated by the Chartcraft point and figure method.
We chose this method for several reasons. First, Chartcraft asserts that relative strength signals are an\nimportant component of trading success. Second, Chartcraft claims that the signals are long term in\nnature, often lasting two years or more. If they are reliable, long-term signals have obvious appeal\nbecause they can help control transaction costs. Point and figure charts are appealing in another important\nway: they have clear-cut buy and sell signals and do not require subjective interpretation of rising or\nfalling ratio lines.
Although point and figure charting is an old method for posting stock prices, some readers may not be\nfamiliar with the methodology."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-2-76-79-point-figure-relative-strength-by-michael-j-moody-and-harold-b-parker-21.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-2-76-79-point-figure-relative-strength-by-michael-j-moody-and-harold-b-parker-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-2-76-79-point-figure-relative-strength-by-michael-j-moody-and-harold-b-parker-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c02-assetal-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:2 (80-83): Asset Allocation: Stocks, Bonds, Futures by K.D. Angle"",""caption-linebreaks"":""Asset Allocation: Stocks, Bonds, Futures\nby K.D. Angle
Investment survival depends on an investor's ability to adapt to the market. Is it possible to develop a\nstrategy that performs under all conditions, whether inflation or deflation, recession or prosperity? K.D.\nAngle, futures portfolio manager and publisher of \""The Timing Device\"" newsletter, says yes in this, his\nfirst STOCKS & COMMODITIES appearance. Take a look.
Is it possible to develop an investment strategy that would perform under all economic conditions?\nAfter all, I reasoned, there are times when major investment vehicles would outperform others. I decided\nto find out if I could formulate such a strategy in a hypothetical portfolio.
But first, I had to clarify the parameters involved by setting down the investment vehicles to use in the\nportfolio. When I refer to major investment vehicles, I specifically refer to: stocks; interest income such\nas Treasury bonds or Treasury bills; and a third investment class known as a trading vehicle, which\nincludes markets that do not correlate either negatively or positively with stock or interest income\nvehicles. Markets such as currencies, financials or even basic commodities can add diversity to the\noverall portfolio.
Under current conditions, most of the markets in the trading vehicle investment class can best be traded\non margin in futures exchanges. By and large, the markets utilized in the trading vehicle are futures\nmarkets traded on margin, which if properly employed do not necessarily add volatility to overall\nportfolio performance, as most investors assume. On the contrary; using noncorrelative markets in thisallocation approach actually reduces the downside volatility in the performance curve of the portfolio to\nminimum and can increase overall profitability as well."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-2-80-83-asset-allocation-stocks-bonds-futures-by-k-d-angle-20.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-2-80-83-asset-allocation-stocks-bonds-futures-by-k-d-angle-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-2-80-83-asset-allocation-stocks-bonds-futures-by-k-d-angle-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c02-cyclean-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:2 (84-88): Cycle Analysis And Intraday Trading by John F. Ehlers"",""caption-linebreaks"":""Cycle Analysis And Intraday Trading\nby John F. Ehlers
Veteran S TOCKS & COMMODITIES contributor John Ehlers explains how to make use of cycles analysis in\nintraday trading, heretofore a rarity. Take a look.\nIntraday traders have long had most of the technical analysis tools available to end of day traders—with\none major exception: cycle analysis. Previously, cycle analysis has been difficult to incorporate into\nintraday trading because manipulating data files distracted from the business of trading. Now that\nsituation has changed, and finally, cycle analysis can effectively be incorporated into intraday trading.
A unique aspect of intraday data is the ability to see each trade on a tick-by-tick basis. A new perspective\nof market activity is obtained when a number of these ticks are grouped together. The result is a bar chart\nwhere the horizontal axis is a tick volume axis rather than a time axis. Tick volume is different from true\nvolume because any given tick can represent various numbers of futures contracts or stock shares.\nNonetheless, the horizontal scale of the bar chart is significantly different from the conventional time\nscale.
By selecting different groupings of ticks represented in each bar on the bar chart, a trader effectively\nchanges the compression factor of the horizontal tick volume scale. An interesting aspect of changing the\nhorizontal bar chart scale is that data not cyclic in one scale is cyclic in another scale because the random\nvariations are assimilated into a single price bar. Using cycle analysis software is not unlike bringing the\nmountain to Mohammed. When the market is in a cycle mode, future market prices can be forecasted on\nthe assumption that the measured cycle will continue into the future. Establishing the proper compression\noften allows the market to be analyzed as being in the cycle mode."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-2-84-88-cycle-analysis-and-intraday-trading-by-john-f-ehlers-21.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-2-84-88-cycle-analysis-and-intraday-trading-by-john-f-ehlers-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-2-84-88-cycle-analysis-and-intraday-trading-by-john-f-ehlers-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c02-guideli-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:2 (89-91): Guidelines For Risk Management by George R. Arrington"",""caption-linebreaks"":""Guidelines For Risk Management\nby George R. Arrington
Risk control is an essential part of trading successfully. Effective risk management requires not only the\ncareful monitoring of risk exposure, but a strategy to minimize losses as well . Understanding how to\ncontrol risk exposure allows the trader, beginner or veteran, to continue trading even when the inevitable\nlosses occur. S TOCKS & COMMODITIES contributor George R. Arrington offers guidelines for risk control.
While every trade involves a degree of risk, some general principles of risk management, if applied,\nreduce the potential for loss . A few of the generally accepted market axioms for controlling risk are\nnoted below and are applicable to anyone who has ever traded or ever considered trading.
Rule 1: Do your homework.
Doing your homework before you trade is a must; there is no substitute. For every buyer there is a\nwell-informed seller, and for every seller there is a well-informed buyer. Each is trying to maximize his\nreturn. Before you put your money at risk, you should have a solid, well-thought-out reason why you\nwould buy something that someone else wants to sell. Trading, after all, is a zero-sum game. Ask\nyourself, what do I know that the seller (or buyer) does not? Be cautious and show some respect for the\nperson on the other side of the trade.
You should have a clear understanding of the financial risk you face at any point in time. Part of that\nhomework includes an estimate of the potential loss if the market goes against you by, say, 5% or 10% or\n20%. Doing your trading homework also helps you calculate the worst possible outcome. These potential\nlosses, together with estimates of the probabilities of those losses, provide a realistic picture of your risk\nexposure."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-2-89-91-guidelines-for-risk-management-by-george-r-arrington-21.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-2-89-91-guidelines-for-risk-management-by-george-r-arrington-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-2-89-91-guidelines-for-risk-management-by-george-r-arrington-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c02-sidereg-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:2 (92-97): SIDEBAR: REGRESSION CHANNEL ANALYSIS"",""caption-linebreaks"":""REGRESSION CHANNEL ANALYSIS
To construct a regression channel (Article Figure 16) from the last key high or low on a weekly chart, we\nbuilt a least-squarest best-fit regression line Z to the next key low or the last trading day, whichever is\nlower. To derive this line, it is most convenient to use one of the many excellent computer charting\nprograms; calculating by hand simply takes too long."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-2-92-97-sidebar-regression-channel-analysis-20.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-2-92-97-sidebar-regression-channel-analysis-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-2-92-97-sidebar-regression-channel-analysis-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c02-timeand-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:2 (92-97): Time And Indicator Design by Gilbert Raff"",""caption-linebreaks"":""Time And Indicator Design\nby Gilbert Raff
Can indicators be improved upon by looking at them using different time frames to smooth and combine?\nSTOCKS & COMMODITIES contributor Gilbert Raff proposes yes. Take a look.
Here's an aspect of indicator design that increases trading efficiency, a concept that I call time\nredundancy. In three recent STOCKS & COMMODITIES articles on the KST indicator, author Martin Pring\ndemonstrated the use of an indicator made up of the sum of three different rates of change (ROC) of\nmomentum, each at a different time frame. Based on experience, I would say the success of this indicator\nlies in the use of momentum measurement and in its sampling of the market at three discrete time\nframes— six, 12 and 24 months. This is one example of time redundancy, except time redundancy can be\nused in various time frames and with various indicators and so is even more useful and flexible.
To demonstrate the properties of time redundancy, let's create a new trading system using as its basic\nindicator the on-balance volume (OBV), which describes both price and volume. The on-balance volume\nindicator is a running sum of volume. If the market closes up for the day, today's volume is added to\nyesterday's OBV value. If today's closing price is down, then today's volume is subtracted from yesterday's\nOBV value.
In graphing the 10-day (two trading weeks) exponential moving average of this indicator (Figure 1), a\nsimple buy and sell oscillator trading system might consist of these rules:
1 If the OBV is above its two-week exponential moving average, buy.
2 If the OBV is below its two-week exponential moving average. sell."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-2-92-97-time-and-indicator-design-by-gilbert-raff-20.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-2-92-97-time-and-indicator-design-by-gilbert-raff-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-2-92-97-time-and-indicator-design-by-gilbert-raff-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c02-thesoqa-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:2 (98-100): The SOQ And The S&P 500 Settlement by Thomas Cronin"",""caption-linebreaks"":""The SOQ And The S&P 500 Settlement\nby Thomas Cronin
R J. O'Brien research director and market letter writer Thomas Cronin marks his first appearance in\nSTOCKS & COMMODITIES with some trade possibilities in options based on the difference between the\nclosing price of the last trading day for the S&P futures and the opening price the next day of the S&P\nindex.
One of my favorite oddities in commodity trading is the unique situation that occurs quarterly in the\nStandard & Poor's 500 stock index futures and options, known as the special opening quotation (SOQ).\nThe Chicago Mercantile Exchange (CME) decided to move back by one day the last trading day of both\nthe S&P 500 stock index futures and S&P 500 options on stock index futures. Previously, expiration of\nstock index futures, expiration of options on stock index futures and expiration of options on stock\nindices all occurred on the third Friday of the contract month, a situation that resulted in erratic and\nunpredictable stock market trading activity when all three of these derivatives expired at the same time.
To relieve some of the pressure, the CME decided to stop trading S&P 500 futures on \""the business day\nimmediately preceding the day of determination of the final settlement price (normally the Thursday prior\nto the third Friday of the contract month).\"" From the Clearing House rule book: ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-2-98-100-the-soq-and-the-s-p-500-settlement-by-thomas-cronin-20.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-2-98-100-the-soq-and-the-s-p-500-settlement-by-thomas-cronin-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-2-98-100-the-soq-and-the-s-p-500-settlement-by-thomas-cronin-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c03-datafilt-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-3"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:3 (103-111): Data Filtering For Trend Channel Analysis by Anthony W. Warren, Ph.D."",""caption-linebreaks"":""Data Filtering For Trend Channel Analysis\nby Anthony W. Warren, Ph.D.
Trend-following methods typically utilize moving averages of closing price data for buy and sell signals.\nOften, the signals turn out to be false due to short-term market fluctuations. Here, longtime STOCKS &\nCOMMODITIES contributor Anthony W. Warren, correcting one of the major drawbacks of moving\naverages, introduces a trend-following method that smoothes the data for trend identification and\nmeasures short-term price fluctuations to establish statistical boundaries.
The following article will teach you how to use a zero lag filter of the closing price data to create trading\nbands. The trading bands are used with a long-term price filter for trading the intermediate trend of the stock market.
I recently developed a simplified version of the alpha-beta trend-following method that can be\nimplemented using custom formulas either in a technical analysis program such as MetaStock version 3\n(see sidebar, \""MetaStock\"") or using a spreadsheet program (see sidebar, \""Trend channel spreadsheet\"").\nAlthough the formulas are easily implemented, they make use of some data filtering techniques that are\nnot widely known in technical analysis. Consequently, here are both a tutorial on the design and synthesis\nof data filters for trading systems and an application example that uses several data filtering principles to\nimplement trend channels for buy and sell trade timing. The formulas used are pulled from the\nderivations found in the \""Mathematica\"" sidebar.
But before I go any further, a few basic terms should be explained. First, input data is data such as a\nseries of closing prices of the stock market. A data filter is a mathematical means to modify the data; for\nexample, a moving average is a data filter. A moving average smoothes the data, reducing the extreme\nswings of the daily closing prices. If you plot the closing prices along with a moving average, you will\nfind that the moving average is a smoothed version of the closing prices. A five-day moving average is\nthe total of the last five days' closing prices divided by 5: ...
DATA FILTER PROPERTIES
The two most important properties of data filters for technical analysis are noise smoothing and data lag\nbetween the input data and the smoothed output values. Traditionally, moving average (MA) data filtering\nhas been the mainstay of most trading methods. Typically, if the main purpose is noise smoothing, then\nthe moving average length N is chosen as the smallest value that provides adequate noise smoothing, and\nfilter lag is an undesirable byproduct of the process. On the other hand, with trend following methods\nsuch as, say, 39-week moving average crossings, the MA length N is chosen to obtain sufficient filter lag\nto reduce false alarm buy and sell signals. In this case, the extra noise smoothing obtained with long MA\nlengths is simply a result of the filtering process. The main principle here is that increased noise\nsmoothing requires longer filter lengths and thus more lag in the filtering process."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-3-103-111-data-filtering-for-trend-channel-analysis-by-anthony-w-warren-ph-d-20.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-3-103-111-data-filtering-for-trend-channel-analysis-by-anthony-w-warren-ph-d-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-3-103-111-data-filtering-for-trend-channel-analysis-by-anthony-w-warren-ph-d-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c03-sidemat-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-3"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:3 (103-111): SIDEBAR: MATHEMATICA"",""caption-linebreaks"":""MATHEMATICA
One measure of price volatility is to compute s, averaging the square difference between current closing\nprices and a smoothing filter, yi, and taking the square root — that is,
...
with ci denoting the current closing price and yi denoting the current value of a data filter such as an\nN-point moving average. The s uses a longer 2N data length because there is much greater noise\nvariability when we compute the square error.
First, we examine data lag versus moving average length N for a standard moving average. Suppose that\nthe input sequence of values is a linear trend, as in ci = i. Then the moving average response is given by:
..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-3-103-111-sidebar-mathematica-20.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-3-103-111-sidebar-mathematica-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-3-103-111-sidebar-mathematica-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c03-sidemet-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-3"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:3 (103-111): SIDEBAR: METASTOCK"",""caption-linebreaks"":""METASTOCK\nThe lead/lag filter can be implemented in MetaStock version 3.0 using custom formulas:
Formula 1
mov(C,N,E)
Formula 2
mov((N*fml(#1))-((N-1)*ref(fml(#1), -1)), N, E )
where mov(C,N,E) implements an N-point EMA on the closing price, fml(#1) refers to Formula 1, and\nref(fml(#1), -1) implements a one-point delay on the EMA."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-3-103-111-sidebar-metastock-20.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-3-103-111-sidebar-metastock-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-3-103-111-sidebar-metastock-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c03-sidetre-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-3"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:3 (103-111): SIDEBAR: TREND CHANNEL SPREADSHEET"",""caption-linebreaks"":""TREND CHANNEL SPREADSHEET
The trend-following method uses exponential smoothed moving averages (EMA) of price data. The\nequation for an EMA requires the previous day's EMA for the calculation of today's EMA. Consequently,\nthe first period's closing price will be used as the first period's EMA and the smoothing process begins\nwith the second period. In the spreadsheet, cells B2, C2, D2 and E2 are the first period's closing prices.\nThe first exponential smoothing of the data occurs in column C. This is the three-week EMA prefilter. The\nalpha constant is 0.5. To produce a filter with zero lag the calculation uses tomorrow's close in today's\ncalculation. Therefore, you are always one period late for calculating the lead/lag filter. The formula for\ncell C3 is:
=C2+0.5*(B4-C2)
The next smoothing is the seven-week EMA, which occurs in column D. The formula for cell D3 is:
=D2+$F$3*(C3-D2)"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-3-103-111-sidebar-trend-channel-spreadsheet-20.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-3-103-111-sidebar-trend-channel-spreadsheet-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-3-103-111-sidebar-trend-channel-spreadsheet-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c03-intervi-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-3"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:3 (112-117): Steven C. Leuthold: Fundamentally Technical by Thom Hartle"",""caption-linebreaks"":""Steven C. Leuthold: Fundamentally Technical\nInstitutional investment strategist and researcher Steve Leuthold brings almost 30 years of investment\nexperience to his positions as chairman of the Leuthold Group, an investment research organization, and\nchairman of Leuthold & Anderson, an investment management firm. The Leuthold Group, which has\nmore than 300 professional clients, publishes several monthly newsletters and produces Quantitative\nThemes, a value and growth stock screening product Leuthold, who is the author of The Myths of\nInflation and Investing, is also general partner in Leuthold Weeden and Associates, developer of\nAdvantHedge, a quantitative short selling program. STOCKS & COMMODITIES Editor Thom Hartle spoke\nwith Leuthold via telephone on December 18, 1992, on topics ranging from market approach to investor\nflexibility.
Steve, you're known for the blend of technical and fundamental components in your research. What\nhelped you develop this market approach?
I was a history major in college, and to this day I place a lot of emphasis on the historical aspect of my\nresearch. Law school wasn't rewarding for me, so from there I went to work for Cargill, a large grain\nfirm. I wanted to trade grains on the Chicago Board of Trade, but after waiting more than a year for an\nopening, I decided to become a commodities broker with Paine Webber in Minneapolis. But there I\nwasn't directly involved in commodities trading, so I felt out of touch with the market. So I switched to\nbeing a stockbroker at Paine Webber."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-3-112-117-steven-c-leuthold-fundamentally-technical-by-thom-hartle-20.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-3-112-117-steven-c-leuthold-fundamentally-technical-by-thom-hartle-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-3-112-117-steven-c-leuthold-fundamentally-technical-by-thom-hartle-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c03-putvolu-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-3"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:3 (118-121): Put Volume Indicator by John Bollinger"",""caption-linebreaks"":""Put Volume Indicator\nby John Bollinger
Although it has been mined for many years, one of the richest veins in technical analysis remains the\nsentiment area. Here, money manager and market analyst John Bollinger discusses one such indicator.
The essential idea behind all sentiment work is that the road less traveled is likely to be the more\nprofitable one. By studying and monitoring the ebb and flow of speculative sentiment, the savvy investor\nshould be able to determine when to veer off the more congested trading path to explore new territory\noutside the accepted norm — often known as contrary philosophy.
The concept of contrarian investment, known as the theory of contrary opinion, is vital to capital\npreservation. This theory was put forth in its current form in The Art of Contrary Thinking by Humphrey\nNeill, whose work has been carried on by others, in particular James Fraser of Fraser Capital, whose\nannual Contrary Opinion Forum and book catalog of investment literature are both highly regarded.
To be a contrarian, you must first know the direction that sentiment is running. Many measures have been\nproposed to monitor sentiment over the years, ranging from the outrageous (for example, varying skirt\nlengths for women or Super Bowl victors) to the logical (for example, index futures premiums). Some of\nthe most interesting modern tools have come from the arena of listed options trading. Market analyst\nMartin Zweig first proposed that the put/call ratio (Formula1, \""Formulas\"" sidebar) should be used to\nmonitor market sentiment; the idea was that extremes in the market would be reflected in options\nactivity, so that too many puts would be bought at bottoms and too many calls would be bought at tops."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-3-118-121-put-volume-indicator-by-john-bollinger-20.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-3-118-121-put-volume-indicator-by-john-bollinger-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-3-118-121-put-volume-indicator-by-john-bollinger-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c03-sidefor-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-3"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:3 (118-121): SIDEBAR: Formulas"",""caption-linebreaks"":""Put/call ratio, Hines ratio, Bollinger, put/volume indicator, and technician's oscillator."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-3-118-121-sidebar-formulas-20.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-3-118-121-sidebar-formulas-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-3-118-121-sidebar-formulas-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c03-determi-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-3"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:3 (122-124): Determining Optimal Risk by Ed Seykota and Dave Druz"",""caption-linebreaks"":""Determining Optimal Risk\nby Ed Seykota and Dave Druz
Seasoned traders know the importance of risk management. If you risk little, you win little. If you risk too\nmuch, you eventually run to ruin. The optimum, of course, is somewhere in the middle. Here, Ed Seykota\nof Technical Tools and Dave Druz of Tactical lnvestment Management, using subject matter and\nmaterials that they have used in lectures and workshops around the US, present a method to measure\nrisk and return.
Placing a trade with a predetermined stop-loss point can be compared to placing a bet: The more\nmoney risked, the larger the bet. Conservative betting produces conservative performance, while bold\nbetting leads to spectacular ruin. A bold trader placing large bets feels pressure — or heat — from the\nvolatility of the portfolio. A hot portfolio keeps more at risk than does a cold one. Portfolio heat seems to\nbe associated with personality preference; bold traders prefer and are able to take more heat, while more\nconservative traders generally avoid the circumstances that give rise to heat.
In portfolio management, we call the distributed bet size the heat of the portfolio. A diversified portfolio\nrisking 2% on each of five instrument & has a total heat of 10%, as does a portfolio risking 5% on each\nof two instruments.
Our studies of heat show several factors, which are:
1 Trading systems have an inherent optimal heat.
2 Setting the heat level is far and away more important than fiddling with trade timing parameters.
3 Many traders are unaware of both these factors.
COIN FLIPPING
One way to understand portfolio heat is to imagine a series of coin flips. Heads, you win two; tails, you\nlose one is a fair model of good trading. The heat question is: What fixed fraction of your running total\nstake should you bet on a series of flips?"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-3-122-124-determining-optimal-risk-by-ed-seykota-and-dave-druz-20.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-3-122-124-determining-optimal-risk-by-ed-seykota-and-dave-druz-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-3-122-124-determining-optimal-risk-by-ed-seykota-and-dave-druz-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c03-sidecoi-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-3"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:3 (122-124): SIDEBAR: COIN FLIPPING MATH"",""caption-linebreaks"":""COIN FLIPPING MATH
To find the optimal bet size for a coin that heads wins two times the fraction bet, and tails loses the\nfraction bet of the running total stake on tails:
..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-3-122-124-sidebar-coin-flipping-math-20.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-3-122-124-sidebar-coin-flipping-math-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-3-122-124-sidebar-coin-flipping-math-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c03-sidesys-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-3"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:3 (122-124): SIDEBAR: SYSTEM TEST"",""caption-linebreaks"":""Heat test to show profitability over a range of set sizes."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-3-122-124-sidebar-system-test-20.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-3-122-124-sidebar-system-test-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-3-122-124-sidebar-system-test-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c03-thecopp-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-3"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:3 (125-126): The Coppock Guide by Tim Hayes"",""caption-linebreaks"":""The Coppock Guide\nby Tim Hayes
One of the best megaphones of market action is the Coppock guide, a long-term price momentum\nindicator that effectively filters out short-term and intermediate-term market swings to issue a clear\nmessage on the market's underlying long-term trend. Tim Hayes of Ned Davis Research reports on the\nsuccess of this indicator.
The Coppock guide, which was developed in the early 1960s by technician E.S.C. Coppock, was\ndesigned as a guide by which to identify major market bottoms, with the specification that buy signals\nwould be generated when the 10-month smoothing dropped below zero and then reversed upward. Even\nthough Coppock developed the index and buy rule well before the arrival of computerized indicator\nanalysis, the optimal buy rule determined after number crunching by our computers is not far off from\nCoppock's original rule; the most profitable long positions since July 1957 would have been generated by\nbuying whenever the index dropped below 1.3 and then reversed upward.
The Coppock guide is calculated by first determining the 14-month rate of price change of the Dow Jones\nIndustrial Average's (DJIA) monthly close, then adding that rate to the closing's 11-month rate of price\nchange, and finally smoothing the result with a 10-month front-weighted moving average.
The Coppock guide is also an effective indicator of market tops, with sell signals flashed when the index\nrises above 1.3, tops out and then drops by l l points. In fact, as shown in Figure 1 in the upper lefthand\ncorner, an investor following the indicator's signals would have profited in 90% of the cases, earning\n9.2% compounded annually, 70.4% better than the comparable per annum return of 5.4% produced\nthrough a buy-and-hold approach over the same timeframe. Using this single indicator, an investor's\n$10,000 investment on July 31, 1957, would have grown to $223,152 by December 31, 1992."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-3-125-126-the-coppock-guide-by-tim-hayes-20.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-3-125-126-the-coppock-guide-by-tim-hayes-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-3-125-126-the-coppock-guide-by-tim-hayes-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c03-oexandt-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-3"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:3 (127-132): OEX And The Thrust Oscillator by Stuart Meibuhr"",""caption-linebreaks"":""OEX And The Thrust Oscillator\nby Stuart Meibuhr
STOCKS & COMMODITIES contributor Stuart Meibuhr suggests using advance-decline data for trading the\nOEX contract. Is it feasible? Meibuhr explains.
The four items of data that describe the advances and declines in the New York Stock Exchange\n(NYSE) market continue to receive attention and research. Technician Richard Arms, in his 1968 article in\nBarron's, described the TRIN index (trading index), now known as the Arms index. The index shows the\nratio relationship between advancing and declining issues to their up and down volumes. The index is\ncalculated daily using the formula:
...
where:
AI = the number of advancing issues
AV = volume of the advancing issues
DI = the number of declining issues
DV = volume of the declining issues.
This formula can be rearranged to read:
...
Values below 1.0 are bullish, showing that more volume went into the advancing issues than into the\ndeclining issues; the theoretical lower limit is zero. There is no theoretical upper limit. In his 1989 book,\nThe Arms Index, Arms detailed how to use this index for four types of traders/investors ranging from very\nlong term to short term. Anyone involved in the market is a trader regardless of the timeframe of that\ntrade, which could vary from shorter than one day to longer than one year. Moving averages of the daily\nindex were the most common tool used for analysis."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-3-127-132-oex-and-the-thrust-oscillator-by-stuart-meibuhr-20.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-3-127-132-oex-and-the-thrust-oscillator-by-stuart-meibuhr-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-3-127-132-oex-and-the-thrust-oscillator-by-stuart-meibuhr-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c03-sidecal-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-3"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:3 (127-132): SIDEBAR: CALCULATING THE THRUST OSCILLATOR WITH THE TECHNICIAN"",""caption-linebreaks"":""CALCULATING THE THRUST
OSCILLATOR WITH THE TECHNICIAN
Plotting the thrust oscillator (TO) requires two user formulas. The first one calculates the daily value; this\nformula in The Technician's language is:
..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-3-127-132-sidebar-calculating-the-thrust-oscillator-with-the-technician-20.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-3-127-132-sidebar-calculating-the-thrust-oscillator-with-the-technician-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-3-127-132-sidebar-calculating-the-thrust-oscillator-with-the-technician-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c03-trading-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-3"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:3 (133-139): Trading Spreads by Thomas Cronin"",""caption-linebreaks"":""Trading Spreads\nby Thomas Cronin
The price relationship between delivery months of a futures contract or between different futures\ncontracts often change. And of course, where there is change opportunity arises for traders. Here,\nSTOCKS & COMMODITIES author and commodity trading advisor Thomas Cronin explains how to trade\nspreads.
Spreads, because of their lower margin requirements and in many cases lower risk, have always been\npopular and especially among grain and livestock traders. Although spreads are commonly used, few\ntraders have even a basic understanding of the mechanics of spread trading. Even most commodity\nbrokers tend to fumble their way through the placement of spread orders. So here are a few details\ninvolved in trading spreads as well as a seasonal spread as an example.
Basically, spread trading involves taking a long position in a futures contract while taking a short position\nin another futures contract at the same time, either in the same market or a related market. Similar to\narbitrage, a spread trader attempts to take advantage of price differences between these two positions,\nbetting that the difference will move in his or her favor. Generally, a spread trader is more concerned\nwith price relationships than with price direction.
To understand spreads best, they are always written as follows: Buy or long side is first, sell or short side\nsecond and then the spread difference. A minus sign means the buy, (long) side is a discount, a plus sign\nmeans the buy, (long) side is at a premium. This way, you always want the spread difference to become\nmore positive — that is, a higher number. This helps immediately understand the current profit position\nin relation to the entry level. However, it is not necessarily the acceptable way used in trading or quoting\nspreads. Here are some standard practices on the exchange trading floors.
SPREAD QUOTES AND PLACING ORDERS
Grains/livestock: Generally, most grain and livestock spread orders are given buy side, then sell side with\nthe premium stated either buy or sell. For example, if you wanted to execute a December/June live cattle\nspread at +$3.00, the order would read: buy one December cattle/sell one June cattle, 3.00 premium the\nbuy side. If you wanted to execute an old crop (July)/ new crop (November) soybean spread at -0.04-1/2,\nthe order would read: buy 5,000 bushels July/sell 5,000 bushels November soybeans, 4-1/2 cents\npremium the sell side (soybeans, corn, wheat and oats are quoted in 5,000 bushels). Most phone clerks on\nthe trading floor are used to dealing this way; this order will accomplish what you intend to do in any\nkind of spread."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-3-133-139-trading-spreads-by-thomas-cronin-20.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-3-133-139-trading-spreads-by-thomas-cronin-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-3-133-139-trading-spreads-by-thomas-cronin-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c03-tradinb-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-3"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:3 (140-143): Trading Bond And Currency Funds by Joe Duarte"",""caption-linebreaks"":""Trading Bond And Currency Funds\nby Joe Duarte
Today's broad selection of different types of mutual funds allows traders to allocate assets based on\npersonal expectations of changes in the stock market, interest rates and currencies. S&C contributor and\nnewsletter publisher Joe Duarte presents his methods to increase gains in a portfolio by including\ncurrency-based mutual funds as a choice for instruments.
Asset allocation has become a popular investment strategy. In this strategy, capital is usually divided\ninto stocks, bonds and cash, and capital is transferred from one category to another based on whichever\ntrading method the portfolio manager favors, technical or otherwise.\nDuring periods of economic retrenchment, however, asset allocation models may have low returns\nbecause portfolio managers choose to increase their portfolios' cash positions because they fear falling\nstock prices. Recessions usually lead to lower interest rates, reducing a portfolio's cash portion return.\nOften, during periods of economic weakness technical conditions favor taking the increased risk of\nlong-term bonds and foreign currencies to enhance the return on the cash portion of the asset allocation\nportfolio.
VARIABLES AND VOLATILITY
Here's a review of the variables involved. Falling bond prices lead to higher bond yields. These rising\ninterest rates make a country's currency more attractive to traders. In our global fiat monetary system, a\ngovernment's promise to make its currency legal tender provides that currency's sole backing. The recent\nEuropean currency crisis illustrated this point well, as falling currencies led to extreme volatility in European bond and currency markets.
Bond market volatility, which usually reflects market participants' perceptions of a nation's political and\neconomic conditions, creates ample opportunity to trade in both bonds and currencies. By trading both\nmarkets simultaneously when it is warranted, traders can enhance their profits by dividing their assets\nbetween both sectors. In previous STOCKS & COMMODITIES articles, I have described different methods of\nparticipating in the currency and bond markets via mutual funds. Here, I will describe a combination of\nmethods to create an interdependent trading system."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-3-140-143-trading-bond-and-currency-funds-by-joe-duarte-20.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-3-140-143-trading-bond-and-currency-funds-by-joe-duarte-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-3-140-143-trading-bond-and-currency-funds-by-joe-duarte-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c03-stochas-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-3"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:3 (144-146): Stochastics Indicators And Trading by David Lundgren"",""caption-linebreaks"":""Stochastics Indicators And Trading\nby David Lundgren
Here, first-time STOCKS & COMMODITIES contributor David Lundgren reminds us that the stochastics\nindicator is just a guide to understanding the trend for trading.
Stochastics, or any technical indicator for that matter, is just a mathematical formula that processes data\nfrom one form into another. That's all it is. It is not the crystal ball that you have been in search of all\nyour life. It is simply a guide (and a very effective one at that) used to either confirm or contradict other\nanalyses of the most important data of all — price action.
Before you consider a technical indicator, first you must do your homework on price action, which means\nstudying hourly, daily, weekly and monthly bar charts of the market in question. This must then be\nsupplemented by studying intermarket relationships that affect the market that you are trading. Only after\nyou have established a directional bias for this market should you incorporate stochastics and other\ntechnical indicators into your analysis, looking for signals that either confirm or contradict your expected\nprice trends.
If your price analysis is confirmed by stochastics, then you can trade with more confidence in your\noutlook. But if the stochastics indicator contradicts your conclusions, then you should either stay on the\nsidelines and wait for the stochastics indicator to agree with you or simply trade in the direction of trend\nanalysis, but with less exposure than you would otherwise take on. Never trade against your trend\nanalysis just because stochastics contradict what you are observing."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-3-144-146-stochastics-indicators-and-trading-by-david-lundgren-20.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-3-144-146-stochastics-indicators-and-trading-by-david-lundgren-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-3-144-146-stochastics-indicators-and-trading-by-david-lundgren-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c04-filteri-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:4 (149-155): Filtering Breakouts by Adam White"",""caption-linebreaks"":""Filtering Breakouts\nby Adam White
Which is more effective as a signal filter, the average directional movement index (A DX), the indicator\ndeveloped by J. Welles Wilder to measure market trend intensity, or the unsmoothed version, the\ndirectional index (DX)? Adam White of the Technical Traders Bulletin measures the performance of a\nbreakout trading system using the ADX or the DX as signal filters.
In hindsight, few things look better on a chart than a successful breakout — a profitable move to a\nbetter price signaled by the crossing of an established support or resistance level. But for every successful\nbreakout there are several that fail. There are many ways that a trader can try to tip the strategic odds of\ntrading breakouts in their favor; here, I will look at a method involving ADX and its cousin, DX . I will\nalso share a technique aimed at reducing some deleterious aspects of optimization, a technique I call\nuniversalization.
STANDARD BREAKOUT
Most traders are familiar with traditional breakouts as a means by which to enter a trending market.\nConsidering moves to the upside only, a breakout can be mechanically recognized as making an n-bar\nhigh, assuring that the market has risen above the resistance level that previously kept it in the trading\nrange. A breakout can be a sign that the fundamental market outlook has changed from a balance of\nbullish and bearish forces to a scenario in which the bulls prevail (see Figure 1).
A second, and more subtle, tug of war is also going on for market psychology, and that is whether\nparticipants expect the market to be primarily a trading range market or an openly trending market. On some level, market participants make some of their decisions about expected future price movement by\nreferring to past movement. But what aspect of past movement are participants focusing on, the turning\npoints or the trends? When the focus on the turning points dominates the focus on the trends, the market\nis more likely to stay in a trading range than it is to move to new territory."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-4-149-155-filtering-breakouts-by-adam-white-20.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-4-149-155-filtering-breakouts-by-adam-white-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-4-149-155-filtering-breakouts-by-adam-white-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c04-sideadx-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:4 (154-155): The ADX by John Sweeney"",""caption-linebreaks"":""THE ADX
The calculation of the average directional movement (ADX)\nindicator is built on the intuitive notion that a trend is a series\nof price ranges extending in a consistent direction. In sidebar\nFigure 1, example A, the second day’s trading range is higher\nthan the first day’s trading range, indicating positive directional\nmovement. ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-4-154-155-the-adx-by-john-sweeney-20.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-4-154-155-the-adx-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-4-154-155-the-adx-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c04-intervi-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:4 (156-161): Leo Fasciocco: Investor's Business Daily by Thom Hartle"",""caption-linebreaks"":""Leo Fasciocco: Investor's Business, Daily by Thom Hartle
Investor' s Business Daily columnist Leo Fasciocco came by his expertise in the market the way STOCK &\nCOMMODITIES has always emphasized — research, research, research. As a financial journalist first for\nthe Philadelphia Evening Bulletin and then U.K. wire service Reuters in New York, Chicago and in Los\nAngeles, Fasciocco joined Investor's Daily (as it was called then) at the very beginning, where he has\nbeen writing the regular stock market column since. Fasciocco has also written a series of articles\ndesigned to educate ,the average investor, tackling topics such as relative strength, earnings per share\nrank, various technical points on stocks, industries and the market itself. STOCK & COMMODITIES Editor\nThom Hartle spoke with Leo Fasciocco on January 22, 1993, via telephone, speaking about, among other\ntopics, his body of work and his views of the market and trading itself.
There have been some short bull markets, maybe about 10 months, and some long ones, maybe about 50 months. So there is a variety.
Leo, tell us a little about yourself.
I took a position as a business writer on the Philadelphia Evening Bulletin newspaper after I graduated from college. I went from there to work for Reuters [a British wire service], where I was until 1984. In 1984 I joined William O'Neil when he started Investor's Daily, where I've been since, writing the market column.
You also write on subjects that can be helpful to traders and investors, don't you?
Yes. Investor's Daily was so innovative and had so many tools in it that the average reader had never seen\nbefore that the editors asked me to write a series of articles on educating investors. So I wrote about\nrelative strength, earnings per share rank, various technical techniques on stocks and industries and the\nmarket itself. I did about one of those articles a week."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-4-156-161-leo-fasciocco-investor-s-business-daily-by-thom-hartle-20.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-4-156-161-leo-fasciocco-investor-s-business-daily-by-thom-hartle-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-4-156-161-leo-fasciocco-investor-s-business-daily-by-thom-hartle-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c04-combini-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:4 (162-165): Combining Volume And Market Change by Anthony J. Macek"",""caption-linebreaks"":""Combining Volume And Market Change\nby Anthony J. Macek
Price and volume is a never-ending fount of ideas for judging the market's current technical condition.\nHere, S&C author and newsletter publisher Anthony Macek combines the magnitude and direction of\nprice change with volume to produce a technical indicator.
Numerous studies have been conducted regarding the importance of monitoring market volume to\ndetermine its effect on market performance and direction. Market analyst Richard Arms developed a\ntechnique, now known as the Arms index, that indicates whether the advancing or declining stocks are\nreceiving more than a proportionate share of their volume. Perhaps just as impressive but far less\npublicized is Arms's Equivolume analysis, which uses volume along the X axis of a chart instead of time.\nArms maintains that the market is a function of volume, not time, and should therefore be studied\naccordingly.
Technician Joe Granville developed many systems for the analysis of volume, his best known being on\nbalance volume, basically a running total of market volume. When the market finishes up for a specified\nperiod of time, volume is added, and when the market finishes down, volume is subtracted. This indicator\nhas proved to be useful in determining intermediate-term market direction.
Additional volume studies have been done by the venerable Arthur Merrill and others, so why add to the\nlist? Because volume is the voice of the market, and the louder the market speaks, the more attentive we\nshould be.
For example, suppose the Dow Jones Industrial Average (DJIA) moves up 20 points in one day — a rather\nnoticeable advance — but achieves this jump on the relatively light volume of only 140 million shares.\nWhy should this action be regarded as important as when the market falls 10 points on a day in which\nmarket volume was heavy at 300 million shares traded?"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-4-162-165-combining-volume-and-market-change-by-anthony-j-macek-21.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-4-162-165-combining-volume-and-market-change-by-anthony-j-macek-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-4-162-165-combining-volume-and-market-change-by-anthony-j-macek-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c04-sidebca-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:4 (162-165): SIDEBAR: CALCULATING MVI"",""caption-linebreaks"":""CALCULATING MVI
The market volume impact (MVI) uses the daily net change of the Dow Jones Industrial Average and the\ntotal volume for the New York Stock Exchange. These two values are multiplied together to calculate\nMVI. The next step is to smooth MVI with a 10-day moving average (S). Then smooth this value with a\nfive-day moving average for the short-term (ST) trend. ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-4-162-165-sidebar-calculating-mvi-20.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-4-162-165-sidebar-calculating-mvi-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-4-162-165-sidebar-calculating-mvi-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c04-monitor-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:4 (166-168): Monitoring Equity For Market Analysis by Joe Luisi"",""caption-linebreaks"":""Monitoring Equity For Market Analysis\nby Joe Luisi
STOCKS & COMMODITIES contributor Joe Luisi presents a strategy for using a graph of your profits and\nlosses to pick either trend-following or a trading range trading system.
It is well known — or it should be — that every trader should plot equity to see graphically how their\ntrading results are faring. But what may not be as well known is that traders can actually use equity as an\nanalytical tool. Equity analysis can indicate whether the markets are trending or trading sideways and\nwhat approach a trader should use.
The basic approach to using equity as an analytical tool is to apply two trading systems: a trend-following\nsystem and an oscillator-based one. When the markets begin to trend, the trend-following system will\nperform well and the system's equity will rise and eventually move above its 25-day moving average as\nthe trend increases. Conversely, the oscillator system will perform poorly, getting whipsawed and\nencountering a series of losing trades, which in turn causes the equity to decrease and eventually fall\nbelow its 25-day moving average.
By tracking the equity, a trader can invest more capital into the system whose equity is above the moving\naverage and ignore signals from the system whose equity is below the moving average. Monitoring equity\nwill ensure that a trader will utilize the system with favorable performance and avoid the trading system\nthat is underperforming. When both equities are below their moving averages, a trader can then take no\nsignals at all and instead wait for the equity to rise above the moving average."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-4-166-168-monitoring-equity-for-market-analysis-by-joe-luisi-20.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-4-166-168-monitoring-equity-for-market-analysis-by-joe-luisi-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-4-166-168-monitoring-equity-for-market-analysis-by-joe-luisi-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c04-sidelea-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:4 (166-168): SIDEBAR: LEAST-SQUARES CYCLE AND THE TIME SERIES MOVING AVERAGE"",""caption-linebreaks"":""LEAST-SQUARES CYCLE AND THE TIME\nSERIES MOVING AVERAGE
The least-squares cycle oscillator calculates a regression line that is a best fit of the data for the selected\ntime period, and then the difference between the current closing price and the current value of the\nleast-squares regression line is determined. This value is smoothed with an n period moving average. To\nunderstand the calculation of the least-squares regression line, we begin with the formula for a straight\nline:
..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-4-166-168-sidebar-least-squares-cycle-and-the-time-series-moving-average-20.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-4-166-168-sidebar-least-squares-cycle-and-the-time-series-moving-average-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-4-166-168-sidebar-least-squares-cycle-and-the-time-series-moving-average-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c04-candles-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:4 (169-173): Candlesticks And Intraday Market Analysis by Gary S. Wagner and Bradley L. Matheny"",""caption-linebreaks"":""Candlesticks And Intraday Market Analysis\nby Gary S. Wagner and Bradley L. Matheny
Can the much-ballyhooed candlestick method be helpful in intraday trading? To find out, Gary Wagner\nand Brad Matheny went through one day's trading via candlesticks for one contract and came up with\nsome intriguing results.
Traders who understand the candlestick technique are now placing greater emphasis on these patterns\nwhen making trading decisions. Many of these traders have discovered the useful factor present in\ncandlesticks not generally found in other oscillators or indicators: candlesticks actually depict the\nongoing relationship between the bulls and bears. Candlesticks show the opening price and the closing\nprice in relation to the opening (see sidebar, \""The candlestick method\"") and the high and low for the time\nperiod compared to the open and close. The result is a portrait of the struggle for domination and the\neventual victor, the bulls or the bears. Thus, each candlestick pattern can indicate any notable trait or\ntendency for any market explored using candles. In addition, candlestick analysis can be applied over any\nperiod, whether weekly or daily or even intraday.
INTRADAY TRADING
When trading any market on an intraday candlestick basis, the investor would be prudent to select a\nnumber of varying time segments because of the different speeds by which results can become known.\nFor example, a five-minute Standard & Poor's candlestick chart would predict and confirm a reversal\nbefore a 20-minute S&P candlestick chart would. As a result, selecting the most accurate (and timely) time/price ratio can be difficult. It would be best to select many different time/price ratios for your charts\nand then isolate which would work best for your needs."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-4-169-173-candlesticks-and-intraday-market-analysis-by-gary-s-wagner-and-bradley-l-matheny-20.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-4-169-173-candlesticks-and-intraday-market-analysis-by-gary-s-wagner-and-bradley-l-matheny-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-4-169-173-candlesticks-and-intraday-market-analysis-by-gary-s-wagner-and-bradley-l-matheny-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c04-sidecan-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:4 (169-173): SIDEBAR: THE CANDLESTICK METHOD"",""caption-linebreaks"":""THE CANDLESTICK METHOD
Illustration of a basic candlestick body."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-4-169-173-sidebar-the-candlestick-method-21.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-4-169-173-sidebar-the-candlestick-method-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-4-169-173-sidebar-the-candlestick-method-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c04-oscilla-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:4 (174-177): Oscillator Variations by Barbara Star"",""caption-linebreaks"":""Oscillator Variations\nby Barbara Star
Here, Barbara Star takes a 1985 STOCKS & COMMODITIES article by John Navarte called \""Reading\nbetween the lines\"" and uses it as the basis for a tutorial on oscillators for trading.
Oscillators are handy tools for traders. An oscillator plots the difference between two sets of data.\nPopular methods include the difference between the current closing price and a moving average, the\ncurrent closing price and a closing price n periods ago or the difference between two moving averages.\nTraders use oscillators to identify changes in market momentum, temporary price extremes within trends\nand changes in market trends. Some traders smooth the oscillators with a moving average to identify\nchanges in the direction of the oscillator. In \""Reading between the lines,\"" John Navarte examined\nmethods for calculating and interpreting oscillators. His first concept was price excess.
PRICE EXCESS
The price excess indicator shows when a tradable (that is, stocks, commodities and so forth) is too high\n(overbought) or too low (oversold) relative to historical extremes by comparing the price fluctuation to\nthe fluctuation of its moving average. The price excess oscillator compares the difference between today's\nclose and the security's 24-day moving average.
This indicator can be closely approximated without a custom formula (see sidebar, \""MetaStock custom\nformula\"") by selecting the price oscillator indicator offered on many charting packages and choosing the\nvalue \""1\"" as the shorter-term moving average and \""24\"" as the longer-term moving average, both as simple\nmoving averages.
Navarte suggested plotting a 12-unit simple moving average on the indicator to better see when the\noscillator would turn. Buy and sell signals would be generated when the oscillator crossed the moving\naverage. Figure 1 illustrates the price excess oscillator with a daily chart of the New York Stock\nExchange (NYSE) Composite. In addition, the oscillator works well with weekly data."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-4-174-177-oscillator-variations-by-barbara-star-20.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-4-174-177-oscillator-variations-by-barbara-star-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-4-174-177-oscillator-variations-by-barbara-star-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c04-sidespr-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:4 (174-177): SIDEBAR: METASTOCK CUSTOM FORMULAS"",""caption-linebreaks"":""MetaStock custom formulas for price offset and momentum oscillators."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-4-174-177-sidebar-metastock-custom-formulas-20.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-4-174-177-sidebar-metastock-custom-formulas-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-4-174-177-sidebar-metastock-custom-formulas-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c04-sidemet-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:4 (174-177): SIDEBAR: Spreadsheet Calculations by Thom Hartle"",""caption-linebreaks"":""SPREADSHEET CALCULATIONS
This set of oscillators is easily calculated in\na spreadsheet (sidebar Figure 1). The first\nfour column are the date, high, low and\nclosing price of Boeing (BA). Column E is\nthe calculation of the 24-period moving average,\nthe basis for the price excess oscillator.\nThe formula for cell E25 is:
..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-4-174-177-sidebar-spreadsheet-calculations-by-thom-hartle-21.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-4-174-177-sidebar-spreadsheet-calculations-by-thom-hartle-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-4-174-177-sidebar-spreadsheet-calculations-by-thom-hartle-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c04-placing-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:4 (178-181): Placing Stop-Loss Orders by Curtis Arnold"",""caption-linebreaks"":""Placing Stop-Loss Orders\nby Curtis Arnold
Unsuccessful small speculators tend to waste time and money trying to reinvent the wheel rather than\nusing what has proved to work in the past: Trade with the trend, cut losses short and let profits run.\nHere, STOCKS & COMMODITIES contributor Curtis Arnold assumes that you accept those investment tenets\nand aspire to adhere to them. If you do, you will greatly benefit from this lesson on the correct placement\nof stop-loss orders.
When you talk about stops, you're talking about an exit system. An exit system is the most difficult\npart of any trading plan to create and implement. An exit system must work hand in hand with an entry\nsystem; they must be designed together and complement each other. For the purposes of this article I have\nassumed that because you intend to let your profits run, you want to catch big trends. I will also assume\nthat you will not use price objectives. If you employ price objectives (that is, placing limit orders to exit a\ntrade at a predetermined price), you are using a trading technique that, by definition, defies letting your\nprofits run. Finally, I will assume your entry system serves to place you in a trending market.\nGiven that these assumptions are true, how do you place your stops to cut losses short and let profits run?\nThose objectives can be met by employing two kinds of stops — one to limit losses and one to retain\nprofits.
INITIAL STOP
The initial stop should be determined beforehand and given to your broker when you receive your fill on\nyour entry. You have a choice of using an open stop (also referred to as good 'til canceled) or a day stop\n(that is, good for today only). With the use of the day stop, you will need to place the stop again the next\nday. With the use of the open stop, your stop will remain in place until you cancel it. You must remember\nto cancel the order if you roll forward to another contract month. In addition, when you wish to change\nthe stop price, you will need to place a \""cancel or replace\"" order that cancels the stop at the former price and replaces it with a new stop at another price."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-4-178-181-placing-stop-loss-orders-by-curtis-arnold-20.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-4-178-181-placing-stop-loss-orders-by-curtis-arnold-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-4-178-181-placing-stop-loss-orders-by-curtis-arnold-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c04-treasur-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:4 (182-185): Treasury Bond Yields: A Neural Net Analysis Approach by John Kean"",""caption-linebreaks"":""Treasury Bond Yields: A Neural Net Analysis\nApproach\nby John Kean
In this article, STOCKS & COMMODITIES contributor John Kean uses a neural network to look for\npredictable patterns between Treasury bond yields and two of the driving forces behind the bond market,\ninflation and government deficits.
Treasury bond yields are one of the most closely watched financial statistics. Aside from bond traders,\nthose in the stock, commodities and foreign exchange markets know that moves in the Treasury bonds\noften set off intermarket waves that spread out like a stone thrown into a pond. Besides the financial\nmarkets, the health of the economy as a whole is heavily affected by the level of long-term interest rates,\nall of which closely track Treasury bond yields. Most people think of mortgage rates when they think\nabout long-term rates and the economy. But this is a prosaic consideration and pales certainly when\ncompared with the long-term competitive repercussions of hindering industrial investment with high\nborrowing rates relative to other nations.
In this article, I will examine using a form of artificial intelligence, called neural net analysis, in Treasury\nbond yield prediction. I will look at forecasting bonds from two standpoints: first, predicting month-end\nTreasury bond yields for trading purposes, one month ahead, and second, predicting changes in Treasury\nbond real yields (meaning yield minus inflation), 10 months ahead.
NEURAL NETS
The concept behind neural networks was originally brought forth almost 50 years ago and had its origin in studies of the mechanisms by which the brain learns. Over the years, the neural network concept went\nthrough periods of favor and disfavor with researchers, based on both perceptions of its promise and\navailable hardware power. There has been a resurgence of interest in this field over the last decade, and\nneural nets are now being applied in many fields including medicine, banking, general business,\nengineering and science. This approach gives results that are superior to conventional methods of\nstatistical analysis and pattern recognition.
The type of neural network discussed here is a software imitation of the brain's learning process. The\nbasic learning unit of the brain is the neuron, of which there are many varieties. When neurons are\nactivated, they interact with each other by releasing electrochemical packets across the synaptic gaps\nbetween them, altering the internal activity level of the neurons. The learning process comes about\nthrough the modification of these connections between neurons."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-4-182-185-treasury-bond-yields-a-neural-net-analysis-approach-by-john-kean-20.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-4-182-185-treasury-bond-yields-a-neural-net-analysis-approach-by-john-kean-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-4-182-185-treasury-bond-yields-a-neural-net-analysis-approach-by-john-kean-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c05-stochas-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-5"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:5 (189-199): Stochastic RSI And Dynamic Momentum Index by Tushar Chande and Stanley Kroll"",""caption-linebreaks"":""Stochastic RSI And Dynamic Momentum Index\nby Tushar Chande and Stanley Kroll
Here, a relative strength index (RSI) tutorial clarifies the basics of the time-honored indicator. The\ntutorial also introduces new variants that STOCKS & COMMODITIES contributor Tushar Chande and Kroll,\nChande & Co.'s Stanley Kroll call net momentum oscillator and the stochastic RSI, which are better at\nflagging overbought and oversold conditions than RSI itself. Also introduced and examined is a\nvariable-length RSI called the dynamic momentum index (DMI), which we indexed to market volatility.\nThe new variants, Chande explains, extend the scope and power of momentum indices, as we will see.
Many articles in STOCKS & COMMODITIES have described J. Welles Wilder's relative strength index\n(RSI) and its derivatives. One recent example was the relative momentum index (RMI), which was\ndiscussed by Roger Altman. In another, William Blau wrote about the true strength index (TSI), a\ndouble-smoothed version of RSI that is identical to the RSI except for a scaling constant.\nEach RSI derivative is a valuable extension of the approach. However, details of RSI development were\nnot shown in either derivation, and thus, it is sometimes difficult to determine what RSI and its\nderivatives are measuring. They are, of course, measuring momentum. But that is only part of the story.
We will take a tutorial look at RSI and its derivatives, then break down RSI and reassemble it so we know\nhow it works. After that we will do the same with the derivatives. First, we will discuss a net momentum\noscillator and a stochastic RSI, which are better at flagging extremes in prices than RSI. Then we will\nindex the RSI to price volatility. This leads to a variable-length dynamic momentum index (DMI) that\nautomatically adjusts to market action. The new RSI variants extend the scope and power of momentum indices.
THE BASICS OF MOMENTUM
In technical analysis, we define momentum as the difference between two prices. The time period\nbetween the two prices varies. The two prices can be as little as one period apart, while the period can be\nany time length from minutes to months. Most commonly, we use one trading day as the unit of time.\nWith a one day time period, the closing prices (C) define momentum as shown here."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-5-189-199-stochastic-rsi-and-dynamic-momentum-index-by-tushar-chande-and-stanley-kroll-20.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-5-189-199-stochastic-rsi-and-dynamic-momentum-index-by-tushar-chande-and-stanley-kroll-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-5-189-199-stochastic-rsi-and-dynamic-momentum-index-by-tushar-chande-and-stanley-kroll-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c05-sidersi-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-5"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:5 (199): SIDEBAR: The RSI and the RMI"",""caption-linebreaks"":""THE RSI AND THE RMI
The formula for the relative strength index (RSI) is:
RSI = 100((RS/(1+RS))
where:
RS = AU/AD during the last X days
AU = Yesterday’s AU - (AU/X) + today’s up close or zero
AD = Yesterday’s AD - (AD/X) + the absolute value of
today’s down close or zero"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-5-199-sidebar-the-rsi-and-the-rmi-21.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-5-199-sidebar-the-rsi-and-the-rmi-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-5-199-sidebar-the-rsi-and-the-rmi-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c05-paulrab-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-5"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:5 (200-206): Paul Rabbitt: The Statistical Scholar Of OpCo by Thom Hartle"",""caption-linebreaks"":""Paul Rabbitt: The Statistical Scholar Of OpCo by Thom Hartle
Oppenheimer & Co. senior vice president and chief quantitative portfolio strategist Paul Rabbitt has a\nnumber of credits after his name, among which are contributing forecaster for Standard & Poor's\nConsensus Forecasts and regular contributing analyst for CNBC. But Rabbitt is unusual in that he chose\nto put a successful and profitable career on hold to return to graduate school, writing his thesis on\ntechnical analysis and doing along the way detailed statistical research on more than a hundred\nindicators. STOCKS & COMMODITIES Editor Thom Hartle spoke with Rabbitt via telephone on February 24,\n1993, covering topics ranging from his thesis to his thoughts on the perfect system to the quantitative\nstock ranking system.
Let's start with some background, Paul.
Well, I've been in the brokerage industry since 1976 and moved to Oppenheimer in 1978 as a retail\nstockbroker. I focused on fee-based money management and soon discovered I needed to develop my\nown discipline to augment the research I was reading. What I was attempting to compensate for\nintuitively has since been proved in a survey by David Dreeman at Dreeman Value Management. In his\n1991 study, Dreeman found that the accuracy of analyst earnings estimates has markedly deteriorated in\nthe past two decades due to the additional servicing and corporate finance demands on their time. So, in\nthe mid-1980s, while I was working full-time at Oppenheimer as a stockbroker and money manager, I\nwent back to school for my master's degree. I went to a school with a heavy emphasis on producing a\nthesis as part of your overall degree.
Your thesis was about technical analysis?
It was about monetary, contrarian psychology and technical analysis. In my studies, I had been pulled in\nmany directions by proponents and opponents of technical analysis, some of whom argued that technical\nanalysis was the only way to go and others who argued no, you need to view the economy, the monetary\nsituation and what the Federal Reserve bank is doing, use monetary and economic analysis instead. Then\nthere were others who told me to be a contrarian; do what everyone else is not doing and you'll make\nmoney."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-5-200-206-paul-rabbitt-the-statistical-scholar-of-opco-by-thom-hartle-20.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-5-200-206-paul-rabbitt-the-statistical-scholar-of-opco-by-thom-hartle-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-5-200-206-paul-rabbitt-the-statistical-scholar-of-opco-by-thom-hartle-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c05-neuraln-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-5"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:5 (207-214): Neural Networks With Learning Disabilities by Connie Brown"",""caption-linebreaks"":""Neural Networks With Learning Disabilities\nby Connie Brown
Neural networks are systems that use architecture similar to the brain as a means to analyze data and\nfind hidden relationships. A neural network is well suited for the task of pattern recognition and\npredicting trends. To this end, the neural network needs the information in a particular format;\notherwise, learning will not occur. Here, Connie Brown of Elliott Wave International describes learning\nproblems that neural networks may have and discusses common causes and solutions to help put your\nneural network back on track.
During the training phase of a neural network, the system spends extensive time trying to decide what\ninput information is important to contributing to the output forecast or prediction. It is natural to want to\nfeed as much input into the neural network as is required to solve the problem, but the information you\nneed to solve a problem may not be the format or information your neural network needs.
Say that your neural network is about to be set in action for the first time to find the hidden relationships\nfrom your data to predict future prices of your selected market. Anticipation grows. The new spreadsheet\nrepresents endless hours of collecting, cleaning and normalizing data of various indicators. But after\nextensive training time, the number of incorrect predictions, or the neural network error rate, does not\ndecline. The network appears to be unable to learn. Figure 1 shows a network that is hopelessly confused\nby the information it has been given.
For a neural network, the learning process involves assigning weights to your input data. Information that\ncontributes to the network's ability to forecast correctly is assigned a corresponding weight based on its\nvalue. Pairs of inputs and outputs are presented to the network. The network takes each pair and produces\nan output, which it then compares with the correct forecast provided for training purposes. The\ninformation that represents the correct forecast provided for training purposes is called a training pattern."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-5-207-214-neural-networks-with-learning-disabilities-by-connie-brown-20.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-5-207-214-neural-networks-with-learning-disabilities-by-connie-brown-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-5-207-214-neural-networks-with-learning-disabilities-by-connie-brown-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c05-theadxb-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-5"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:5 (213-214): The ADX by John Sweeney"",""caption-linebreaks"":""THE ADX
The calculation of the average directional movement (ADX)\nindicator is built on the intuitive notion that a trend is a series\nof price ranges extending in a consistent direction. In sidebar\nFigure 1, example A, the second day’s trading range is higher\nthan the first day’s trading range, indicating positive directional\nmovement. In example B, the second day’s trading\nrange is below the first day’s trading range, an indication of\nnegative directional movement. ..."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-5-213-214-the-adx-by-john-sweeney-20.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-5-213-214-the-adx-by-john-sweeney-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-5-213-214-the-adx-by-john-sweeney-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c05-sidecus-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-5"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:5 (215-219): SIDEBAR: CUSTOM METASTOCK FORMULAS Thom Hartle, Editor"",""caption-linebreaks"":""CUSTOM METASTOCK FORMULAS
Three MetaStock formulas for volume indicator, line variation, and momentum."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-5-215-219-sidebar-custom-metastock-formulas-thom-hartle-editor-21.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-5-215-219-sidebar-custom-metastock-formulas-thom-hartle-editor-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-5-215-219-sidebar-custom-metastock-formulas-thom-hartle-editor-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c05-sideexc-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-5"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:5 (215-219): SIDEBAR: EXCEL SPREADSHEET Thom Hartle, Editor"",""caption-linebreaks"":""EXCEL SPREADSHEET\n—Thom Hartle, Editor
The Excel 3.0 spreadsheet presented here in sidebar Figure 1 shows the indicators described in \""Volume\nvariations.\"" The daily high, low and close of the Standard & Poor's 500 index along with the daily total\nNYSE volume is used. The first indicator is a simple 10-day moving average of the daily volume and is\ncalculated in column F. The formula for cell F11 is:
...."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-5-215-219-sidebar-excel-spreadsheet-thom-hartle-editor-21.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-5-215-219-sidebar-excel-spreadsheet-thom-hartle-editor-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-5-215-219-sidebar-excel-spreadsheet-thom-hartle-editor-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c05-volumev-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-5"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:5 (215-219): Volume Variations by Barbara Star, Ph.D."",""caption-linebreaks"":""Volume Variations\nby Barbara Star, Ph.D.
This month, Barbara Star uses a 1986 STOCKS & COMMODITIES article by Howard Waxenberg titled\n\""Technical analysis of volume\"" as a basis for a tutorial on volume-based indicators.
volume offers a view of the internal structure of the market that might otherwise be hidden. Volume is\nthe total number of shares traded on a stock or stock index on any given day. The daily volume number\nincludes both the number of shares bought and the number of shares sold on that day. In his article\n\""Technical analysis of volume,\"" Howard Waxenberg found that keeping a running average of the total\ndaily volume provided a good indication of what he considered \""normal\"" volume. Think of normal\nvolume as a baseline measure from which to judge whether prices are moving with a trend (volume\nshould increase as prices move in the direction of the trend and decrease during countertrend price\ncorrections) or when price breaks out of a congestion phase (volume should expand during price\nbreakouts) .
NORMAL VOLUME
The indicator that Waxenberg presented determines the normal volume figure by computing a 10-day\nmoving average of daily volume. The indicator can be used with any stock, commodity or index price\ndata for which there are daily volume figures. As Figure 1 illustrates, the normal volume indicator\nprovides an easy-to-use confirmation/nonconfirmation tool. Often, divergences between the indicator\nand price movement occur many days in advance of an actual price top or bottom; so, it is possible to tell\nwhen a market is running out of steam. In addition, when price either tops or bottoms and the volume\nmoving average indicator is near the bottom of its scale, it means that buying or selling pressure has dried\nup and a change in trend is at hand. Because the indicator rises as volume increases, it will move in the\nopposite direction from price action when prices begin a steep decline. On occasion, that makes it\ndifficult to determine in which direction the trend will change. I have found that using a five-period simple moving average of closing price provides a good clue to price direction."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-5-215-219-volume-variations-by-barbara-star-ph-d-20.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-5-215-219-volume-variations-by-barbara-star-ph-d-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-5-215-219-volume-variations-by-barbara-star-ph-d-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c05-combini-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-5"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:5 (220-223): Combining Negatively Correlated Forecasts by Denis Ridley, Ph.D."",""caption-linebreaks"":""Combining Negatively Correlated Forecasts\nby Denis Ridley, Ph.D.
Will combining two negatively correlated forecasts of price data produce a more accurate forecast?\nSTOCKS & COMMODITIES contributor Denis Ridley says yes. It's called \""antithetic forecasting\"", as he\nexplains here.
Traders and investors may find that forecasting models are useful for estimating future values of a\nfinancial time series. However, serial correlation creates a biased forecast, and that bias in turn is\ncorrelated with the forecast origin. Antithetic—or contradictory error—forecasting creates a new but\nreverse correlated forecast and combines it with the original forecast, thereby canceling out the errors.\nThis article will illustrate an application to the monthly closings of the Dow Jones Industrial Average\n(DJIA) in which the forecast mean square error was reduced by approximately 50% .
Antithetic forecasting falls into the category of methods referred to as combining forecasts. The antithetic\nforecasting method can be applied when the historical data is autocorrelated—that is, when the data is\ncorrelated with itself in previous time periods.
Autocorrelation is the basis for assuming that a historical series contains a pattern. If that is the case, then\nthere should be a forecasting model that can emulate that pattern, thereby generating the desired\nforecasts. At the same time, we are reminded (see J.F. Elder and M.T. Finn's work in the reference\nsection) that the financial markets are normally difficult to forecast, so every effort to reduce forecasting\nerror becomes important. Statistical models assume that historical data is a collection of independent\nobservations."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-5-220-223-combining-negatively-correlated-forecasts-by-denis-ridley-ph-d-20.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-5-220-223-combining-negatively-correlated-forecasts-by-denis-ridley-ph-d-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-5-220-223-combining-negatively-correlated-forecasts-by-denis-ridley-ph-d-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c05-beliefs-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-5"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:5 (224-225): Beliefs And Trading by Ruth Roosevelt"",""caption-linebreaks"":""Beliefs And Trading\nby Ruth Roosevelt
You are what you believe—and that includes your trading beliefs. Your unconscious mind is the final\narbiter of whether you will succeed as a trader. Ruth Roosevelt, director of the Wall Street Hypnosis\nCenter, explains how to understand your unspoken beliefs and use them to achieve trading success.
The beliefs that you hold, whether conscious or unconscious, have the power to affect your trading.\nSome are ingrained in your character, and you react to everyday life with them at every turn. On the other\nhand, there are other beliefs that you know you hold: you are absolutely certain about these \""facts\""—even\nif logically they may not hold water. Conscious or unconscious, if you firmly believe something, it affects\nyour life and your trading. Let me give you some examples:
He was a floor trader on the New York Stock Exchange. He knew he needed to hold some of his\nstocks overnight to significantly increase his profits, but he found that he couldn't make himself do it.\nLater, he realized he had hooked up his self-esteem to turning a profit each and every trading day.\nWithout the profit that he required, he felt all would be lost.
She was a trader who had spent four years developing a mathematical system for trading futures.\nConsciously, she was satisfied that the system worked, but not unconsciously. She found herself\nunable to follow the signals of the system; there she would sit, frozen with her hand on the phone. At\nbest, she followed her carefully developed system randomly, with random results. Unconsciously, she\ndidn't believe that any system could work over time."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-5-224-225-beliefs-and-trading-by-ruth-roosevelt-21.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-5-224-225-beliefs-and-trading-by-ruth-roosevelt-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-5-224-225-beliefs-and-trading-by-ruth-roosevelt-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c06-sidecal-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-6"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:6 (229): SIDEBAR: Calculating an 11-period CCI by Thom Hartle"",""caption-linebreaks"":""Calculating an 11-period CCI by Thom Hartle
The commodity channel index (CCI) can be calculated using any lookback period chosen by the trader.\nThe Excel spreadsheet shown in sidebar Figure 1 is an 1 l-period CCI for the Dow Jones Industrial\nAverage. The first step is to calculate the daily typical price. This is the high, low and close added\ntogether and divided by three."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-6-229-sidebar-calculating-an-11-period-cci-by-thom-hartle-21.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-6-229-sidebar-calculating-an-11-period-cci-by-thom-hartle-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-6-229-sidebar-calculating-an-11-period-cci-by-thom-hartle-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c06-cyclica-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-6"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:6 (229-234): Cyclical Channel Analysis And The Commodity Channel Index by D.W. Davies"",""caption-linebreaks"":""Cyclical Channel Analysis And The Commodity Channel Index by D.W. Davies
Trading bands and the commodity channel index, two popular indicators, are used together here by D.W. Davies, who publishes the \""Chameleon\"" financial newsletter. Davies analyzes price direction using trading bands built around moving averages with different time periods as a form of cyclical analysis and uses the commodity channel index as a timing tool with the cyclical analysis to assist in generating trading opportunities.
Cycles exist in financial markets. That is accepted. Unfortunately, I found it difficult to identify and\nuse cycles with any amount of precision or confidence until I discovered Brian Millard's concept of\ncyclical channel analysis (CCA). J.M. Hurst in the United States and Brian Millard in the United Kingdom\nindependently and by different means developed the concept of CCA. Millard's concept of CCA is elegant\nbut simple and I use it to predict time and price opportunities in the market. It is a powerful method to\nindicate future periods of exceptional probability of a price reversal. Once the opportunities have been\nidentified, other means can be used to pinpoint the timing of entry or exit. One suggested method is the\ncommodity channel index (CCI) (see sidebar, \""Commodity channel index\""), which is included in most\nanalytical software.
In this article, I will outline Millard's method of channel analysis and then describe how the CCI can be\nused to pinpoint the time for entry and exit. The basis for Millard's channels are:
• A moving average (MA) shows only those fluctuations of price for periods greater than the value\nchosen for the MA, lessening the importance of those of lesser periods .
• The MA plot should be centered—that is, placed back in time half the numerical value of the MA.\nSome technicians place the moving average value on today's date. This is mathematically incorrect.
• Once this midpoint of the cycle (the centered moving average value) has been identified, then the\ntheoretical end point can be calculated.
• Prices fluctuate around the average, forming a channel of variance about the average.
• A channel of variance can be drawn so that the lines of the channel passes through most of the\nextremes of the variance. This will be some percentage of the moving average price plotted above\nand below the moving average: a small percentage for short time periods and a larger percentage\nfor longer time periods.
• If we can identify the channel of variance, then we can measure the amplitude of the cycle."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-6-229-234-cyclical-channel-analysis-and-the-commodity-channel-index-by-d-w-davies-21.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-6-229-234-cyclical-channel-analysis-and-the-commodity-channel-index-by-d-w-davies-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-6-229-234-cyclical-channel-analysis-and-the-commodity-channel-index-by-d-w-davies-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c06-intervi-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-6"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:6 (235-242): Through the Years: Jim Yates Of Dyr Associates by Thom Hartle"",""caption-linebreaks"":""Through the Years: Jim Yates Of Dyr Associates by Thom Hartle
As an options market analyst with a quarter century in the securities business, Jim Yates takes us back to when the listed options markets first began. Yates is president of DYR Associates, an investment research firm that publishes daily and weekly reports analyzing the option market and its stock market implications. The reports are read by more than 10,000 brokers at more than 30 firms. Not only that, DYR's market and sector analysis is presented on CNBC every week. Yates, author of The Option Strategy Spectrum, helped develop and is a consultant to the CBOE Options Institute, where over the years he taught more than 4,000 investment professionals.
How did you get started in the markets?
In the mid-1960s, I became interested in the stock market and studied everything I could find and decided\nthat I wanted to be a stockbroker. I started talking to brokerage firms all over the country and finally\nended up in Washington, DC, as a trainee for Hornblower & Co., went to work as a broker in 1967, was a\nretail broker with Hornblower for about five years and then became an institutional broker with Wheat\nFirst Securities here in northern Virginia. I did that for a couple of years.
When did you first start studying the options market?
In the late 1960s and early 1970s, I became interested in the options market and the old over-the-counter\n(OTC) option base. Originally, my interest in the options market came from talking to a customer who\nwas an active trader, and I found that we could enter the options market and use options as a trading basis —not trading options themselves, but using options as a base for trading stocks. I thought the options\nmarket was going to be big. I didn't really know how I was going to participate in it, but I decided to try\nto work along the lines of gathering information and statistics and see what I could learn about this\nbusiness.
What did you first study?
In the early days of the options business, there was a tremendous interest in option writing because option\nbuying was considered speculative; it's the opposite of writing options, obviously, and it was considered\nmore conservative. I proposed to an insurance company that they write options against their portfolios. The company said, If this is such a good idea, why don't you prove that it works?
So you did.
So then I started on a study to prove what happens when you write options against a portfolio. I\ncontended that writing options would reduce risk and increase returns, so I set out to try and prove that.\nWhat I ended up with was a study that eventually became my first research product, which I called the\ninstitutional option writers index."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-6-235-242-through-the-years-jim-yates-of-dyr-associates-by-thom-hartle-21.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-6-235-242-through-the-years-jim-yates-of-dyr-associates-by-thom-hartle-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-6-235-242-through-the-years-jim-yates-of-dyr-associates-by-thom-hartle-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c06-aspread-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-6"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:6 (243-252): A Spreadsheet For Price Ratio Projection Analysis by Robert Miner"",""caption-linebreaks"":""A Spreadsheet For Price Ratio Projection Analysis by Robert Miner
Traders who follow Gann and Elliott wave analysis use ratios of past price movement as guidelines for possible turning points in the future. Here, Robert Miner of Gann/Elliott Educators gives you the spreadsheet custom formulas for you to calculate price objectives based on ratios of previous price moves.
My previous article, \""A spreadsheet for time ratio analysis,\"" described how to construct a spreadsheet\nto project time periods when a market is most likely to change trend. This time, I will instruct traders how\nto construct a spreadsheet that will calculate all of the important ratio projections for price targets with\nthe greatest probability of support and resistance and, more important, target those with the greatest\nprobability of terminating a trend.
I will utilize terms from the Elliott wave method for labeling market movements throughout. For\nexample, impulse waves, the trend of the market, are five wave movements together, while correcting\nwave patterns are three wave movements together. Understanding this method will help you in using this\nspreadsheet.
To deter nine the price targets where trend change should occur, price cycles are proportioned by the\ngeometric ratios as the market in question unfolds and then projected from various swing relationships. If\nthere is a fairly narrow price zone where several price cycle projections point to a cluster of price cycle\ntargets, a likely turning point is indicated. The more wave-ratio projections that fall within the price zone,\nthe greater the probability of trend change or at least minor support or resistance at the targeted price\nzone.
As with the time projection spreadsheet, four considerations must be addressed before we can construct\nthe price projection spreadsheet: which price cycles or waves to compare; what ratios to use; which\nwave-ratio relationships are the most important, and how to use the price projections to make a trading decision."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-6-243-252-a-spreadsheet-for-price-ratio-projection-analysis-by-robert-miner-21.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-6-243-252-a-spreadsheet-for-price-ratio-projection-analysis-by-robert-miner-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-6-243-252-a-spreadsheet-for-price-ratio-projection-analysis-by-robert-miner-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c06-siderel-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-6"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:6 (253-256): SIDEBAR: RELATIVE VOLATILITY INDEX by Technical Analysis, Inc."",""caption-linebreaks"":""RELATIVE VOLATILITY INDEX by Technical Analysis, Inc.
The relative volatility index (RVI) is a modified form of the relative strength index (RSI). The original RSI\ncalculation separates one-day net changes into positive closes and negative closes, then smoothes the data\nand normalizes the ratio on a scale of zero to 100 as the basis for the formula. The RVI uses the same\nbasic formula but substitutes the 10-day standard deviation of the last 10 days' closing prices for either\nthe up close or the down close. The goal is to create an indicator that measures and reports the general\ndirection of the volatility."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-6-253-256-sidebar-relative-volatility-index-by-technical-analysis-inc-21.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-6-253-256-sidebar-relative-volatility-index-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-6-253-256-sidebar-relative-volatility-index-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c06-therela-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-6"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:6 (253-256): The Relative Volatility Index by Donald Dorsey"",""caption-linebreaks"":""The Relative Volatility Index by Donald Dorsey
This author modifies the basic relative strength index to measure volatility instead of daily net price change to generate trading signals.
Technicians are often tempted to use one set of indicators to confirm another. We may decide to use\nthe moving average convergence/divergence (Macd) to confirm a signal in stochastics or use momentum\nreadings to confirm moving average models. Logic tells us that this form of diversification of indicators\nwill enhance results, but too often the confirming indicator is just the original trading indicator\nrepackaged, each using a theory similar to the other to measure market behavior. It is not unlike taking\ntwo wind direction readings rather than reading the wind direction and barometric pressure to predict\ntomorrow's weather. Thus, the enhancement we sought through diversification results in loss, and we are\nleft wondering why our indicators don't seem to perform much better. Every trader should understand the\nindicators being applied to the markets to avoid duplicating information.
RESEARCH AND COMBINATION
I have been researching the combination of two indicators, the first a timing indicator and the second\nconfirming the first. The first indicator is a dual moving average crossover and is confirmed by a measure\nof directional volatility. I call the directional volatility measure the relative volatility index (RVI).\nThe RVI (see sidebar, \""Relative volatility index\"") is simply the relative strength index (RSI) with the\nstandard deviation over the past 10 days used in place of daily price change. Because most indicators use\nprice change for their calculations, we need a confirming indicator that uses a different measurement to\ninterpret market strength. The RVI measures the direction of volatility on a scale of zero to 100."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-6-253-256-the-relative-volatility-index-by-donald-dorsey-21.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-6-253-256-the-relative-volatility-index-by-donald-dorsey-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-6-253-256-the-relative-volatility-index-by-donald-dorsey-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c06-tradewi-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-6"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:6 (257-260): Trade With Moving Averages by Colin Alexander"",""caption-linebreaks"":""Trade With Moving Averages by Colin Alexander
Behold the moving average. Everyone takes it for granted without really thinking about it. But Colin Alexander, publisher of the Wellspring newsletter and hotline, thinks we should take a closer look.
Moving averages are perhaps the single most widely used indicator in trading the futures markets. In\nhindsight, trading a market in the direction of price crossing a moving average can look very profitable.\nAfter all, every good trade will have crossed a moving average at some point and a few actually become\nbig money-makers.
OF DAFFODILS AND CROSSOVERS
But a moving average crossover is no more likely to deliver a profitable trade than every yellow flower is\nlikely to be a daffodil. Most uses of moving averages involve crossovers for entry and exit, usually with a\nreversal from long to short, or vice versa, on the exit. But studies of the history of such crossovers tend to\nshow optimization that may not apply in future.\nRecently, I studied the use of a moving average crossover method. One hundred signals to enter and\nreverse on the next crossover were identified. The sample involved 17 markets, including agriculturals,\nmetals, petroleum and financials. A trade closed out at or near breakeven was assumed to be a loss due to\ncommissions and slippage. The results of this sample of 100 crossovers show 75 losses and just 25 profits. Soybean contracts had the\nbest results with three profits and two losses. The worst results, in live hog contracts, were 10 losses out\nof 10 trades."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-6-257-260-trade-with-moving-averages-by-colin-alexander-21.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-6-257-260-trade-with-moving-averages-by-colin-alexander-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-6-257-260-trade-with-moving-averages-by-colin-alexander-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c06-aneural-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-6"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:6 (261-266): A Neural Network System For Reliable Trading Signals by Marlowe D. Cassetti"",""caption-linebreaks"":""A Neural Network System For Reliable Trading Signals by Marlowe D. Cassetti
For those of you who have complained that you have to be a rocket scientist to understand what we run in Stocks & Commodities, here's a rocket scientist to explain it to you.
Artificial intelligence (AI) technology can be applied successfully to the art of trading, and to this end,\ncutting-edge AI technology has produced a high-performance trading system. Central to this system is a\nunique neural network that differs from the conventional, fully connected network. The genesis of this\nnetwork is the neural network tutorial featured in Carol Halquist and George Schmoll's \""Neural networks:\nA trading perspective\"" 1989 article in STOCKS & COMMODITIES, in which a simple neural network was\nprogrammed in the C language, using the code listing in that article as a starting point. This configuration\nis designed so the network recognizes specific input patterns and then associates those patterns with the\ndesired output. The network also features data preprocessing, rapid training and good trading\nperformance.
A NEURAL NETWORK CONFIGURATION
The neural network configuration identifies unique patterns in price momentum, price acceleration,\nvolume movement and price volatility. Its configuration is a limited one. A limited connection\nconfiguration is specifically designed to recognize patterns, which in turn feed the feature detector hidden\nlayers. (See Figure 1 for a schematic of a limited neural network.) Pattern detector nodes contained in the\nfirst hidden layer connect to feature detector nodes in the second hidden layer. That layer in turn feeds the\noutput node that produces the single network be output. Because this network connects neurons logically,\nit forces the training to evaluate the inputs as distinct patterns and then associate the features of the\ndifferent input patterns."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-6-261-266-a-neural-network-system-for-reliable-trading-signals-by-marlowe-d-cassetti-21.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-6-261-266-a-neural-network-system-for-reliable-trading-signals-by-marlowe-d-cassetti-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-6-261-266-a-neural-network-system-for-reliable-trading-signals-by-marlowe-d-cassetti-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c06-changin-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-6"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:6 (267-269): Changing Your Negative Trading Beliefs by Ruth Roosevelt"",""caption-linebreaks"":""Changing Your Negative Trading Beliefs by Ruth Roosevelt
Negative thinking gives you negative results and that holds true for your trading beliefs. Ruth Roosevelt, director of the Wall Street Hypnosis Center, explains how to take your negative and limiting trading beliefs and convert them to positive and profitable ones.
If you find yourself repeatedly doing something that is negatively affecting your trading results, ask\nyourself: \""What is it that I believe that is causing me to limit my trading profits like this?\"" Behind\nlimiting behavior is limiting belief. Your beliefs affect your behavior and your perceptions and in turn\nhave a profound impact upon your trading.
For example, suppose you're constantly taking your profits before the market tells you it's time to do so.\nYou're ending up with small or medium-sized profits while you watch the market surge upward without\nyou. You're missing the big trades that you need to make your methodology pay off. Ask yourself, \""What\nis it that I believe that is causing me to grab my profits prematurely?\""
Each trader is different. Some rationalize such behavior by thinking that you can't go broke taking a\nprofit. But of course you can. In reality, you need the big profits to cover the small losses. A committed\ntrader needs to determine what underlying belief is causing this action. For each trader the thought\nprocess is different—I have to be right; I can't trust my system; I can't trust myself; if I lose this trade, I'll\nlose my self esteem; I can't afford to let this profit turn into a loss; if I lose this particular trade, I'll lose all\nmy wealth; it's important that every single trade be a winner; or I'll feel bad if I don't book this profit."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-6-267-269-changing-your-negative-trading-beliefs-by-ruth-roosevelt-21.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-6-267-269-changing-your-negative-trading-beliefs-by-ruth-roosevelt-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-6-267-269-changing-your-negative-trading-beliefs-by-ruth-roosevelt-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c07-thereal-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-7"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:7 (273-276): The Real Advance Decline Line by Frank Barbera Jr., C.M.T."",""caption-linebreaks"":""The Real Advance Decline Line by Frank Barbera Jr., C.M.T.
Each day, stock market analysts calculate the number of stocks closing up versus the number of stocks closing down, resulting in the advance-decline line. This simple arithmetic exercise can help confirm the underlying trend or point to deteriorating market conditions. However, changes in the market have altered the perceptions of one analyst in particular on how to calculate the A-D line. Here's how former Financial News Network market analyst Frank Barbera now looks at the daily A-D line.
For many years, the daily advance-decline (A-D) line has been among the most widely quoted of\nmarket indicators . Many market analysts believe the daily A-D line provides one of the most accurate\nreflections of the market's near-term technical health. In its most common form, the indicator is\nconstructed by taking the net difference of advances over declines for each day and then plotting a\nrunning total of these differences. The resulting cumulative flow line can be used as a yardstick by\ncomparing it with the behavior of the market averages in order to determine whether the majority of\nstocks is fully participating in a given advance or decline.
Generally speaking, new highs in the market averages that are confirmed by new highs in the A-D line\nsuggest a technically healthy market, while markets advancing to new highs without A-D line\nconfirmation are considered to be more vulnerable to a significant decline. This form of divergence analysis can help discern market turning points, particularly market tops."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-7-273-276-the-real-advance-decline-line-by-frank-barbera-jr-c-m-t-20.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-7-273-276-the-real-advance-decline-line-by-frank-barbera-jr-c-m-t-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-7-273-276-the-real-advance-decline-line-by-frank-barbera-jr-c-m-t-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c07-intervi-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-7"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:7 (277-284): John Bollinger Of Bollinger Capital Management by Thom Hartle"",""caption-linebreaks"":""John Bollinger Of Bollinger Capital Management by Thom Hartle
John Bollinger, C.F.A., C.M.T., former market analyst for CNBC/FNN, president and founder of Bollinger Capital Management, author of the \""Capital Growth Letter\"" a market letter for the average investor employing a technically driven asset allocation approach began as a cameraman for the movies before he switched to the quickly expanding world of computerized investing. From there, he went on to form investment techniques for which he gained renown, including the Bollinger Bands, in which moving standard deviations are used to plot trading bands around a moving average. Stocks & Commodities spoke with Bollinger on topics ranging from those trading bands to his philosophies on going long and going short.
How did you get started in the business?\nOriginally, I was a camera man in the motion picture business. In the late 1970's, I purchased one of the\nearly microcomputers and started thinking about how the early computer technology could be married\nwith investment technology, such as it was in those days. The technology was rapidly evolving at the\ntime. Over the next few years, I slowly switched my focus from the film business to the investment\nbusiness.
What an unusual beginning!
And out of that beginning came a logical theme that continues to dominate. When you look at the\ncapacity of a computer, even the early microcomputers, you see how they could help in the investment\nprocess. The calculation of even the simplest indicator was done by hand then, and it was a\ntime-consuming task; but it was easy to write a basic program that could calculate the indicators that we\nused at the time. So by using this little microcomputer — pre-IBM PC, I might add — I was really able to\nmake a lot of progress and do some things that weren't being done widely because computationally they\nwere too complex. It allowed me to get a leg up on the rest of the market participants .
Did you look for the Holy Grail of investment, like everyone else?
I started off as probably everyone does, as a fundamentalist, and then became very frustrated with that\napproach. I would find time and time again that the fundamental stock facts would indicate you should\nown this stock or- that stock and then that stock would go down, or the fundamentals would say that you\nshould sell the stock and when you did, the stock would go up!
So what did you do?
I tried to add some value with technical analysis, and over the years I've developed an approach that\nmarries the two disciplines. The buzzword I would hope that's a rare event. What that I use is rational\nanalysis, which is a would look good? combination of technical and fundamental analysis."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-7-277-284-john-bollinger-of-bollinger-capital-management-by-thom-hartle-21.gif"",""height"":""297"",""width"":""232""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-7-277-284-john-bollinger-of-bollinger-capital-management-by-thom-hartle-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-7-277-284-john-bollinger-of-bollinger-capital-management-by-thom-hartle-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c07-thehour-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-7"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:7 (285-291): The Hourly Liquidity Data Bank As A Tool For Day Traders by Donald L. Jones & C. Young"",""caption-linebreaks"":""The Hourly Liquidity Data Bank As A Tool For Day Traders by Donald L. Jones & C. Young
How hourly data from the Chicago Board of Trade's Liquidity Data Bank can help day traders manage their positions.
A typical day trader takes a position and then waits for the trade to workout. Most traders have found\nthat micromanaging a day trade is poor technique, so working a trade out means that either a target is\nreached for a profit or a stop is hit for a loss. New information from the Chicago Board of Trade's hourly\nLiquidity Data Bank (LDB) lets the trader evaluate open day trades from cleared volumes that are released\nas the day goes on. With the hourly LDB data, trades that have stalled can often be recognized and\neliminated and successful trades reevaluated as they approach the target, with an eye toward continuing\nthe trade beyond the initial target and/or turning the trades into a longer-term swing trade.
Each hourly LDB report provides the cleared volume traded at each price by the commercial and public\nmembers. Commercial members (Cti2) trade only for their institutions, while the public members (Cti4)\nfill orders for nonmembers. The volume traded and the period-to-period variations in the volume can be\nused to tell if a price move is supported and by whom. An article in the January 1993 issue of STOCKS\n& COMMODITIES using daily LDB reports, \""Commercial floor traders identify value,\"" detailed how the\ncommercials defined value by unusually heavy volume in certain price regions, clarifying how the\ncommercials set support and resistance levels. Because the market is closed by the time the daily LDB\nreports are released, support/resistance levels that are set this way are applied the next day. Hourly data\nfrom the LDB speeds this process into the current day. In addition, public trading during breakouts can\nnow be recognized and used in ways not possible with daily LDB reports."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-7-285-291-the-hourly-liquidity-data-bank-as-a-tool-for-day-traders-by-donald-l-jones-c-young-20.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-7-285-291-the-hourly-liquidity-data-bank-as-a-tool-for-day-traders-by-donald-l-jones-c-young-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-7-285-291-the-hourly-liquidity-data-bank-as-a-tool-for-day-traders-by-donald-l-jones-c-young-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c07-rsivari-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-7"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:7 (292-297): RSI Variations Barbara Star, Ph.D."",""caption-linebreaks"":""RSI Variations Barbara Star, Ph.D.
Sometimes we forget that indicators long considered standard contain parameters that can be adjusted to become more responsive to various trading needs. Here, Barbara Star presents four variations of the classic relative strength index: one that provides readings on only the most recent data; one that incorporates volume; one that substitutes the average price for the close; and one that combines two days of price action. This month, she uses Greg Morris's article, \""Facelift for an old favorite,\"" as a basis for this tutorial.
Most charting software contains the relative strength index (RSI) indicator that J. Welles Wilder\noriginally developed in the late 1970s . The RSI (not to be confused with relative strength, which\nmeasures the relationship between a stock and the overall market or industry group) compares the\nstrength of a stock or commodity price in relation to itself over a certain period of time (most commonly\n14 days).
Traders usually use the RSI as an oversold/overbought momentum indicator that fluctuates within a scale\nof zero to 100."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-7-292-297-rsi-variations-barbara-star-ph-d-21.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-7-292-297-rsi-variations-barbara-star-ph-d-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-7-292-297-rsi-variations-barbara-star-ph-d-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c07-sidecal-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-7"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:7 (292-297): SIDEBAR: CALCULATING THE RSI by Technical Anlaysis, Inc."",""caption-linebreaks"":""CALCULATING THE RSI by Technical Anlaysis, Inc.
The RSI classic
The first step in calculating a 14-period relative strength index (RSI) in a Microsoft Excel spreadsheet is\ndetermining the up momentum and the down momentum. This is performed in columns G and H in\nsidebar Figure 1."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-7-292-297-sidebar-calculating-the-rsi-by-technical-anlaysis-inc-20.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-7-292-297-sidebar-calculating-the-rsi-by-technical-anlaysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-7-292-297-sidebar-calculating-the-rsi-by-technical-anlaysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c07-sidemet-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-7"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:7 (292-297): SIDEBAR: METASTOCK CUSTOM RSI FORMULAS by Technical Analysis, Inc."",""caption-linebreaks"":""METASTOCK CUSTOM RSI FORMULAS by Technical Analysis, Inc."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-7-292-297-sidebar-metastock-custom-rsi-formulas-by-technical-analysis-inc-20.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-7-292-297-sidebar-metastock-custom-rsi-formulas-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-7-292-297-sidebar-metastock-custom-rsi-formulas-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c07-interna-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-7"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:7 (298-305): Internal Market Momentum by Martin J. Pring"",""caption-linebreaks"":""Internal Market Momentum by Martin J. Pring
Breadth momentum analysis takes momentum analysis, traditionally gleaned from price and volume, a step further by examining a particular market in closer detail. Market analyst Martin Pring delves into three categories of breadth momentum indicators in this excerpt from his new book, Martin Pring on Market Momentum.
Typical momentum indicators are constructed from price or volume data related to a specific security.\nHowever, a market comprises an aggregate measure of a number of different components. A stock\nmarket, for instance, consists of a universe of stocks. Similarly, a commodity index is calculated from the\nprices of a number of different commodities.
In such cases, it is possible to extend analysis of momentum indicators by studying some or all of the\ncomponents within a particular momentum format. This concept is known as breadth momentum analysis\nbecause it measures a broad spectrum of the components of the specific market under consideration. In\nsome ways breadth momentum is far more revealing than price momentum because the index, or price,\nmay be unduly influenced by a few highly weighted elements, but a momentum indicator calculated from\na basket of components can better reveal more of what is occurring below the surface of a particular\nmarket, as more information is available upon which to draw. Generally, the fewer issues that participate\nin an uptrend, the greater the probability that the trend is about to reverse. Similarly, the fewer stocks\ndeclining in the face of a new low in the market averages, the greater possibility that the market is about\nto reverse to the upside. Breadth momentum thus serves as an additional tool for monitoring potential\ndivergences."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-7-298-305-internal-market-momentum-by-martin-j-pring-21.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-7-298-305-internal-market-momentum-by-martin-j-pring-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-7-298-305-internal-market-momentum-by-martin-j-pring-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c07-proacti-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-7"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:7 (306-309): Proactive Trading Thomas K. Lloyd"",""caption-linebreaks"":""Proactive Trading Thomas K. Lloyd
What does it take to trade successfully? Here are some guidelines for using technical analysis to pick stocks, focusing on bar charts.
What is most important in order to trade successfully? Is it technical analysis, fundamental analysis,\nnews access, discipline, dispassionate objectivity or a little of all of these? Probably a little of all. But at\nleast one thing is certain. Whatever helps you to trade successfully encourages you to slip into a proactive\nmode, providing the tools you need to trade objectively, conscientiously and in an informed manner.\nMost trading losses stem from being in a reactive mode instead of following a set plan of action.
How can you be proactive in your trading approach to the markets? It is really quite simple. The slogan is\na familiar one: \""Be prepared. \"" If technical analysis does anything, it prepares you for and sensitizes you\nto what is to come. It does so in a quantitative manner that reduces the role of emotion in\ndecision-making. That is the key to successful trading.
Proactive trading means anticipating a price movement based on a prepared analysis, not simply jumping\nin and hoping that a given indicator is right. Proactive trading means you have analyzed the stock,\nformulated an educated forecast and are prepared to act once you see that price movement you forecast\nunfold — and not before."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-7-306-309-proactive-trading-thomas-k-lloyd-21.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-7-306-309-proactive-trading-thomas-k-lloyd-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-7-306-309-proactive-trading-thomas-k-lloyd-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c07-prospec-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-7"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:7 (310-313): Prospecting With Gold Mutual Funds by Jay Kaeppel"",""caption-linebreaks"":""Prospecting With Gold Mutual Funds by Jay Kaeppel
Gold. In the past, it inspired rushes and revolutions, passion and poetry, but in recent times gold mutual funds have been distinctly lackluster. The emotion that the precious metal inspired may have dwindled, but gold mutual fund investors can still make money.
Gold mutual funds can provide huge profits to investors when things are going well — but\nunfortunately, these funds can also expose investors to the risk of devastating losses when a precious\nmetals bear market is in force. As a result, many investors simply shy away from gold funds altogether —\nwhich, given the profit potential of a well-timed gold fund investment, is unfortunate. But it appears that\nthere may be a simple way for investors to assess the probability of making money in gold funds over any\nensuing 12-month period. The key is to determine whether gold mining stocks are overvalued or\nundervalued in relation to gold bullion.
By analyzing the relationship between stock prices of gold mining companies and the price of gold\nbullion (Figure 1), investors can identify occasions when gold mining shares are either over- or\nundervalued. Identifying these situations can be particularly rewarding for gold fund investors because\ngold funds generally hold the bulk of their assets in shares of gold mining companies rather than in gold\nbullion itself. Thus, if an investor can recognize when mining shares are selling at deeply undervalued\nlevels, he or she can buy gold funds when they have tremendous upside potential and minimal downside\nrisk. Likewise, by selling when gold mining stocks reach overvalued levels, investors can avoid the\nserious downside damage that occurs during a severe decline in precious metals prices."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-7-310-313-prospecting-with-gold-mutual-funds-by-jay-kaeppel-21.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-7-310-313-prospecting-with-gold-mutual-funds-by-jay-kaeppel-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-7-310-313-prospecting-with-gold-mutual-funds-by-jay-kaeppel-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c07-fearand-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-7"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:7 (314-315): Fear And Trading by Ruth Roosevelt"",""caption-linebreaks"":""Fear And Trading by Ruth Roosevelt
Fear limits your focus, and this is particularly true in trading. In this, her third article for Stocks & Commodities on trading psychology, Ruth Roosevelt, director of the Wall Street Hypnosis Center, explores fear in trading and how to overcome it.
One of the great ironies of fear is that we tend to bring the very thing we fear upon ourselves. Thought\ncan create reality; thought charged with an emotion such as fear can realize the dreaded possibility with\nan amazing speed and effectiveness. This is also true in the activity of trading. What happens if you fear\nloss when you're trading? That's right. You lose.
One way to deal with fear when trading is to control your focus. Race car drivers know that you must\nlook where you want to go, not where you are afraid you may go. If you're skidding toward a wall, you're\nmore likely to hit it if you stare at it than if you look away. If you look toward where you want to go and\nturn your head in the direction of the track, you are more likely to be able to turn the car out of the skid."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-7-314-315-fear-and-trading-by-ruth-roosevelt-21.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-7-314-315-fear-and-trading-by-ruth-roosevelt-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-7-314-315-fear-and-trading-by-ruth-roosevelt-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c08-usingmu-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-8"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:8 (319-324): Using Multiple Regression Analysis by Jack Karczewski"",""caption-linebreaks"":""Using Multiple Regression Analysis by Jack Karczewski
Happily, today's spreadsheets enable traders and investors to measure the relationships between any times series of data. In this article, a linear regression technique is explained for analyzing the relationship between interest rates, the yield on the S&P 500 and the S&P 500 price/earnings ratio.
Time series analysis is simply a tool for measuring the relationships, if any, among various sets of data.\nOne statistical method for data analysis is the linear regression technique, which is used to measure the\nrelationships among variables. The regression is referred to as linear because a straight line that best fits\nthe data can be approximated. thereby explaining the relationship. Once you have a formula for the line\nthat best fits the data, you have then created a model for future reference. Here, we will focus on using\nthe least-squares method for measuring linear relationships of interest rates as well as a popular stock\nmarket indicator.
CHOOSING THE COMPONENTS
Traders and investors routinely look at a host of indicators that includes valuation measures and intermarket relationships for planning their next trade or investment. One popular intermarket\nrelationship is the effect of interest rates on the stock market. I have often wondered about the impact of\nthese changing interest rates on the stock market. However, instead of looking at the relationship between\ninterest rates and the stock market, I decided to explore the relationship between interest rates and a very\npopular valuation tool — the price/earnings ratio (P/E) of the Standard & Poor's (S&P) 500. I also\nincluded the yield on the S&P 500 as an input because I was curious about this indicator's association\nwith the P/E ratio. It appears that interest rate changes have an impact on the market's P/E ratio and\ntherefore on one of the basic valuation measures of the stock market.
To explore this question, let's construct a rudimentary model of this economic phenomenon and analyze\nthe results. We'll use short- and long-term interest rates and stock market yields as our model components\nand then determine their association with the price/earnings multiple of the S&P 500 index.
Gathering the data and arranging it in a spreadsheet helps understand the relationship of the variables.\nViewing the data graphically is also useful. Figure I illustrates the S&P 500 index as a graph. While it is\nuseful to examine and compare the other charts to the S&P 500, bear in mind that it is the P/E ratio\n(Figure 2) that we are interested in exploring."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-8-319-324-using-multiple-regression-analysis-by-jack-karczewski-21.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-8-319-324-using-multiple-regression-analysis-by-jack-karczewski-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-8-319-324-using-multiple-regression-analysis-by-jack-karczewski-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c08-intervi-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-8"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:8 (326-332): The Market Wizard of Interviews: Jack Schwager by Thom Hartle"",""caption-linebreaks"":""The Market Wizard of Interviews: Jack Schwager by Thom Hartle
Jack Schwager, director of futures research for Prudential Securities, coprincipal of Wizard Trading and author of Market Wizards, The New Market Wizards and A Complete Guide to the Futures Markets, needs little introduction to the readers of Stocks & Commodities. It was he who, with the original Market Wizards, brought to the limelight some of the most successful traders in the field and persuaded them to explain the secrets to their success. Schwager, who has been in the futures field since 1971, began as a fundamentalist, only to slowly change allegiance as he gained more knowledge. Here, Stocks & Commodities interviews the interviewer, covering along the way observations on trading methods, why taking a loss is no big deal, what the goal for a new trader should be and why patience is key above all.
How did you get into the futures markets?
When I first got into futures, I didn't even know what they were. I was out of graduate school looking for\nsome sort of analytical job. I wasn't getting anywhere, so I put in an ad in The New York Times . I had one\nlegitimate response to the ad, for a research analyst position—the spot that Michael Marcus was vacating\nat Reynolds Securities to become a trader. Reynolds Securities' research director was writing a column\nfor Barron's at the time, and he had his staff doing research for the articles. Well, I was one of the final\ncandidates for the research analyst job, and he had each of us write an article on an assigned market. My\nmarket was copper. During my first interview, the research director asked me if I knew what\ncommodities were. I remember my tentative response — \""Something like gold?\""
An insightful comment.
That's about how much I knew about futures. I must have done something right, though, because he gave\nme the assignment to write on copper. Since I didn't know anything about the markets, I spent days in the\nlibrary digging up years' worth of Metals Week and other articles. I ended up writing a report on the price\noutlook for copper.\nI went back years later and looked at the paper. It was actually reasonably good. It got me the job.
What year was that?
That was 1971.
Then about 10 years later you wrote A Complete Guide to the Futures Markets?
Later; I wrote that in 1983. Perry Kaufman actually deserves credit for that book coming into existence,\nbecause when he was doing The Futures Handbook, he asked me to write a chapter on fundamentals. I\nbegan writing and found myself at about 80 pages and nowhere near completion. I thought to myself that\nthis was crazy — I should be writing my own book. So I offered him a smaller topic: performance\nevaluation. As it turned out, what I thought was a third of the book was closer to only 5% or 10% of the\nfinal product, but that's what got me started on it."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-8-326-332-the-market-wizard-of-interviews-jack-schwager-by-thom-hartle-21.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-8-326-332-the-market-wizard-of-interviews-jack-schwager-by-thom-hartle-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-8-326-332-the-market-wizard-of-interviews-jack-schwager-by-thom-hartle-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c08-develop-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-8"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:8 (333-337): Developing A Trading System by Curtis Arnold"",""caption-linebreaks"":""Developing A Trading System by Curtis Arnold
Successful trading is built upon using a dependable trading method. What is a good trading method? It is simply a set of rules that cover the important aspects of trading, such as trend identification, entry and exit plans. Here, trader and author Curtis Arnold provides guidelines for developing your own trading method.
Wether you develop your own trading system or buy a commercially available one, you will want to\nbe sure that your system is compatible with your lifestyle. Does the system require you to monitor the\nmarket intraday? If so, will you need to purchase quotation equipment? Are you prepared to monitor the\nmarket intraday? Would it interfere with your current occupation or lifestyle?
Let's assume that you have decided against a short-term trading system and have, instead, decided to go\nwith a longer-term system that only requires you to make decisions in the evening after the markets have\nclosed. How will you get your price quotes? Have you factored in the expense? What will you do if you\nare away on a business trip or vacation? Is your account size large enough to take all the trades that the\nsystem signals? Will you be able to financially weather the worst drawdown that the system is likely to\nexperience? Are you psychologically prepared to stick to the system throughout adversity or, like so\nmany, are you simply going to \""try the system out\"" and then abandon it if it doesn't quickly make money?
It is not worth trading a system unless you are committed to it. Otherwise, you will fall into the same trap\nthat so many others do. You will abandon the system at the worst possible time and have to start all over,\nthis time with less capital. It is critical to do your homework before hand. Make sure that you have\nthoroughly tested your system or approach to the best of your ability. Answer the questions that I have\nposed and be certain that you are both adequately capitalized and psychologically prepared to trade your\nsystem."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-8-333-337-developing-a-trading-system-by-curtis-arnold-20.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-8-333-337-developing-a-trading-system-by-curtis-arnold-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-8-333-337-developing-a-trading-system-by-curtis-arnold-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c08-variabl-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-8"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:8 (338-342): Variable Cycle Lengths And Intraday Candlestick Analysis by Gary S. Wagner and Bradley L. Matheny"",""caption-linebreaks"":""Variable Cycle Lengths And Intraday Candlestick Analysis by Gary S. Wagner and Bradley L. Matheny
Trading methods often use different length filters for generating trades, both entries and exits. The most common filters are moving averages with different lookback periods. Here, you'll apply different filter lengths to candlestick charts by using different period lengths of candlestick charts for confirmation of bullish and bearish patterns.
In \""Candlesticks and intraday market analysis,\"" we looked at the signals generated using a 22-minute candlestick chart of the March 1993 Standard & Poor's 500. That article illustrated the candlestick patterns generated with intraday data. Although simplistic in design, the 22-minute filter provides valid results. However, there are two drawbacks in this technique. First, a 22-minute cycle will not be sensitive enough to capture the very short-term price swings that occur during the day. Second, the entry and exit points may not be as timely as the ones obtained from the use of multiple time cycles.
The 22-minute cycle study is the first step of a more intricate technique that attempts to capitalize on short-term price fluctuations. This technique compares candlestick patterns produced by multiple time cycles and only takes signals if two or more cycle lengths confirm each other. If correctly used, this approach can increase your probability of success. Trading signals generated from the shorter cycle length are more sensitive to imminent market changes, but they are also more likely to generate false calls. Taking only the signals that are confirmed by longer cycle lengths will filter out many of the false calls produced by a shorter time cycle. In this way, the edge gained with the use of very short cycles will be balanced with the reliability of longer time cycles, thereby producing more effective results.
In this article, we will examine a single day of trading using varying candle cycle lengths. All example charts were taken from the June 1993 contract of the Standard & Poor's 500 index on March 30,1993."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-8-338-342-variable-cycle-lengths-and-intraday-candlestick-analysis-by-gary-s-wagner-and-bradley-l-matheny-43.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-8-338-342-variable-cycle-lengths-and-intraday-candlestick-analysis-by-gary-s-wagner-and-bradley-l-matheny-49.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-8-338-342-variable-cycle-lengths-and-intraday-candlestick-analysis-by-gary-s-wagner-and-bradley-l-matheny-50.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c08-physiol-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-8"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:8 (343-345): Physiology And Trading by Ruth Roosevelt"",""caption-linebreaks"":""Physiology And Trading by Ruth Roosevelt
Developing a winning attitude for trading may be easier than you think if you start with some basic physical adjustments to the way you relate to your workstation. In this month's article on trading psychology, Ruth Roosevelt, director of the Wall Street Hypnosis Center, examines how to correct habits that may be inhibiting your ability to achieve.
The three basic ways to change your mental state are through changing your beliefs, changing your\nmental focus or changing your physiology. The simplest and most immediate of these is to change your\nphysiology. Facial expression, posture, movement, gesture, breathing and voice tonality and tempo can be\nconsidered physiology. Your physiology profoundly affects your emotions, thinking, behavior and\nself-image, as well as the image you project to the world. You are the message, and that message feeds\nback to you through your subconscious and through the responses of others to that message, creating\nmore and more of the same.
As you read this, try slumping your shoulders forward and bending slightly at the waist while dropping\nyour head down so your chin practically touches your chest. Turn the corners of your mouth down a little.\nBreathe shallowly or barely at all. Notice how easy it would be to get depressed doing this. Now, if you\nreally want to experiment, add belief and focus. While sitting like this, start thinking about all your past\ntrading losses and then worry about future losses. Try believing that it's just not possible to beat the\nmarket, no matter what you do. How do you like it?"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-8-343-345-physiology-and-trading-by-ruth-roosevelt-21.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-8-343-345-physiology-and-trading-by-ruth-roosevelt-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-8-343-345-physiology-and-trading-by-ruth-roosevelt-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c08-pattern-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-8"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:8 (346-350): Pattern Recognition, Price And The RSI by John Knaggs"",""caption-linebreaks"":""Pattern Recognition, Price And The RSI by John Knaggs
Here's how to combine price and relative strength index patterns for trading signals.
Patterns can be found between price formations and such mathematical trading tools as the relative\nstrength index, the momentum oscillator developed by J. Welles Wilder Jr. Such price and indicator\npatterns, together with their variations, tend to repeat, allowing traders familiar with them to gauge the\nmaturity of a given buy side or sell side price trend and thus recognize when the trend is peaking. This\nknowledge can help a trader stay with a price trend until the trend has run its course. It can then aid in\ngenerating a trading signal to either exit an established position or initiate a new one.
The relative strength index (RSI) plotted along with price is used to ascertain overbought/oversold and\ndivergent situations. Price declines have many different forms, each with their own characteristic RSI\npattern. The RSI as used here is calculated on a 14-day cycle, an interval I find to be most useful when the\nprice trend is changing. The trading signal we will be watching for is characterized by these elements:
1 A downtrend in prices characterized by lower lows.
2 An uptrend in the RSI (divergence), which in turn creates a gradually rising support zone. The RSI\nprobes this zone as prices make new lows.
3 Some buy side activity in price behavior that precedes our trading signal but does little more than\nrun price to the upper region of its down channel. This results in an upward spike in the RSI, which\nhelps us see the potential end of the price decline. We'll use this spike to help determine the timing\nfor a potential trend-reversing trade.
4 The first consolidation of prices after they accelerate into the new trend.
Figure 1 is a chart of December 1987 Treasury bonds for the period September 8 through October 19.\nCompare the price trend to the shallow, angled trendline drawn under the RSI for the same period. Note\nthe price and RSI diverge. On October 13 the RSI spikes upward, with buy side prices well within the\ndownside price channel. As the RSI gradually settles into its own rising support level, prices begin to fall\nto new lows.
Studying price alone in this example as it makes new lows gives you little or no clue to the fact that\nprices have gathered support and are ready to reverse direction. A study of the RSI, however, shows that\neach successive marginal new low in closing price for the four days leading up to October 19 draws the\nRSI down closer to its own rising support level. This pattern hints that price support is accumulating and\nwe can interpret it as a trading signal."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-8-346-350-pattern-recognition-price-and-the-rsi-by-john-knaggs-21.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-8-346-350-pattern-recognition-price-and-the-rsi-by-john-knaggs-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-8-346-350-pattern-recognition-price-and-the-rsi-by-john-knaggs-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c09-neuraln-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-9"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:9 (355-359): Neural Network Development For Financial Forecasting by Lou Mendelsohn"",""caption-linebreaks"":""Neural Network Development For Financial Forecasting by Lou Mendelsohn
Extensive research has been conducted about the application of neural networks to financial forecasting in today's globalized trading environment. What makes this particular use of artificial intelligence so attractive to financial analysts and traders? Here, Lou Mendelsohn of Mendelsohn Enterprises highlights some of those issues and establishes goals for training neural networks.
With the advancements being made in computer and telecommunication technologies today, the\nworld's major economies and financial markets are becoming more and more globalized. AS this trend\naccelerates, financial markets are becoming more and more interrelated and fundamental factors will\nbecome increasingly critical to financial market analysis. In the global marketplace, the prevailing\nmethod of technical analysis — in which a single market is modeled through historical simulation and\nbacktesting of its own past price behavior — is rapidly losing its competitive advantage as institutions\nand individual traders both are increasingly applying artificial intelligence (AI) technologies to financial\nforecasting. Recent research shows that this nonlinear domain can be modeled more accurately with these\ntechnologies than with the linear statistical and single-market methods that have been the mainstay of\ntechnical analysis throughout the past decade.
It is because of these factors that the field of Al merits a closer look. The result of these new demands is the emergence of a new analytical method that merges technical and fundamental analysis with the more\nrecent emphasis on intermarket analysis. This combined analytical method is known as synergistic\nmarket analysis, or synergistic analysis. This new method of analysis, utilizing artificial intelligence\ntools, synthesizes technical, intermarket and fundamental data within an analytical framework, resulting\nin better forecasting capabilities and earlier identification of trend changes and allowing traders to profit\nfrom market inefficiencies in the global markets of the l990s.
Such tools as neural networks, expert and knowledge-based systems, machine learning, fuzzy logic,\nwavelets, chaos theory and genetic algorithms are being applied across industries. In the same vein,\nneural networks may be applied to financial forecasting because neural nets have been shown to be\ntechnologically powerful and flexible, ideally suited to performing synergistic analysis.
ARTIFICIAL NEURAL NETWORKS
Artificial neural networks are models based on the workings of the human brain, utilizing a distributed\nprocessing approach to computation. Neural nets are capable of solving a wide range of problems by\n\""learning\"" a mathematical model for the problem; the model can then be used to map input data to output\ndata. Anything that can be represented as a number can be fed into a neural network. Technical indicators\nand fundamental and price data related to a single target market, as well as intermarket data affecting the\ntarget market, can all be fed into a single neural net and used to predict price and trend directions for the\ntarget market."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-9-355-359-neural-network-development-for-financial-forecasting-by-lou-mendelsohn-20.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-9-355-359-neural-network-development-for-financial-forecasting-by-lou-mendelsohn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-9-355-359-neural-network-development-for-financial-forecasting-by-lou-mendelsohn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c09-intervi-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-9"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:9 (360-366): The Discerning Trader: Linda Bradford Raschke by Thom Hartle"",""caption-linebreaks"":""The Discerning Trader: Linda Bradford Raschke by Thom Hartle
Contrary to popular opinion, dreams can come true. For every trader who's wished that he or she could just stay home and trade, there's one trader who succeeded in doing so. Linda Bradford Raschke began her trading career in 1980 on the floor of the Pacific Coast Stock Exchange before moving to the Philadelphia Stock Exchange. After six years of trading on the floor there, Raschke left to trade her own account from home. Eventually, her focus evolved into developing reliable technical patterns for generating trades and then following 20 different markets and waiting for the most lucrative trades to come to her. She has always been a consistently profitable trader using her research. So how does she do it?
How long have you been trading?
I've been trading for about . 13 years. For about the first three I hardly knew what I was doing, other than\nusing simple oscillators. I was working in San Francisco and there was an excellent business library there\nthat had all these wonderful books that are hard to get hold of nowadays, books on volume analysis and\nEquivolume and this and that. I was constantly working on becoming a better trader.
And you were studying up a storm?
I should clarify what I just said. When I say I didn't know what I was doing, I didn't know how to apply\nthe knowledge I did have. I didn't know how to be discriminating in my choice of indicators. I was still\nfinding my own way. And even though I was trading full time and studying all this full time, it took three\nto four years before the pieces finally fell into place.
Like how?
I learned to wait for specific setups. If there was a trend, I would wait for buying during a pullback to a\nmoving average. I'd use an oscillator and time my trades. I'd also trade based on a certain divergence\npattern that happened, with a double bottom occurring l0 days apart (Figure 1). So I didn't try and\nimmediately fit the whole market into a framework of technical analysis; rather, I would focus on specific\npatterns that occurred with a f air amount of regularity, and then try to take advantage of those patterns.\nAnd that's pretty much what I do today with my technical analysis."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-9-360-366-the-discerning-trader-linda-bradford-raschke-by-thom-hartle-20.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-9-360-366-the-discerning-trader-linda-bradford-raschke-by-thom-hartle-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-9-360-366-the-discerning-trader-linda-bradford-raschke-by-thom-hartle-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c09-sidetra-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-9"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:9 (367-371): SIDEBAR: TRADING TACTICS IN DETAIL by Technical Analysis, Inc."",""caption-linebreaks"":""TRADING TACTICS IN DETAIL by Technical Analysis, Inc.
Application of the Martingale system."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-9-367-371-sidebar-trading-tactics-in-detail-by-technical-analysis-inc-20.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-9-367-371-sidebar-trading-tactics-in-detail-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-9-367-371-sidebar-trading-tactics-in-detail-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c09-tactica-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-9"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:9 (367-371): Tactical Trading Revisited by Roger Altman, Ph.D."",""caption-linebreaks"":""Tactical Trading Revisited by Roger Altman, Ph.D.
How would the Martingale trading technique work with a trading system that does not assume that the market is a random walk but instead relies on its own system parameters to determine stop-loss points, entry and exit prices? Further, how would these strategies work with a standalone system with a win probability that is not 50/50?"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-9-367-371-tactical-trading-revisited-by-roger-altman-ph-d-21.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-9-367-371-tactical-trading-revisited-by-roger-altman-ph-d-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-9-367-371-tactical-trading-revisited-by-roger-altman-ph-d-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c09-sidesel-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-9"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:9 (372-375): SIDEBAR: SELF-EVALUATION by Technical Analysis, Inc."",""caption-linebreaks"":""SELF-EVALUATION by Technical Analysis, Inc.
Testing your level of perfectionism."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-9-372-375-sidebar-self-evaluation-by-technical-analysis-inc-20.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-9-372-375-sidebar-self-evaluation-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-9-372-375-sidebar-self-evaluation-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c09-theperf-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-9"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:9 (372-375): The Perfect Trader by Van K. Tharp, Ph.D., and Jennifer Benson"",""caption-linebreaks"":""The Perfect Trader by Van K. Tharp, Ph.D., and Jennifer Benson
What is a perfect trader and is such a condition desirable? Does such a creature exist? Psychologist Van K. Tharp of Investment Psychology Consulting says not and further, you're far more likely to succeed if you don't try to be perfect.
E lmer was a perfectionist who was trying to develop a trading system that would win in nine out of 10\ntrades and would make five times as much money as he was risking on any given trade. When he first\ntried to develop such a system, he came up with something that was just profitable after commissions and\nslippage. But when he saw the results — only a 2% gain each year — he wanted to beat his head into the\nwall. After three failed attempts, he was beside himself. His family found him hard to live with; he just\nlocked himself in his computer room doing more testing and feeling more and more dissatisfied with\nhimself. Normally, Elmer would have just given up after about six months. But in the case of trading, he\nseemed exceptionally committed to finding something that would meet his standards. He'd abandon a lot\nof good ideas before testing them, and those he did test, no matter how well they turned out, did not meet\nhis exceedingly high standards. In fact, he had several good systems that he was trying to trade, but he\ncould not get himself to trade a system that wasn't perfect. Eventually, Elmer's wife left him and Elmer\nfound himself broke, without a family or even a trading system that met his standards.
WHAT IS PERFECTIONISM
People strive to be perfect in what they do because their parents demanded they be perfect as children.\nUnfortunately, these unreasonably high standards sometimes keep them from ever coming close to\nachieving them. Production seems to go down in perfectionists. Businessmen make less effective\ndecisions, traders make less money, and athletes perform poorly — mostly because of the unreasonably high standards they set for themselves.
But the perfectionists' problem is not just created by unreasonably high standards. You can have high\nstandards without being a perfectionist. But perfectionism becomes a problem when perfectionism means\nthat those standards are tied into your self-esteem. If you don't achieve those standards (and for the\nperfectionist, those standards are all or none, nothing in between), then you feel as if you are less of a\nperson. The perfectionist has trouble tolerating a mistake or a distraction. Perfectionists tend to have all\nor naught thinking, so that little everyday setbacks can lead them into a world of despair."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-9-372-375-the-perfect-trader-by-van-k-tharp-ph-d-and-jennifer-benson-21.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-9-372-375-the-perfect-trader-by-van-k-tharp-ph-d-and-jennifer-benson-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-9-372-375-the-perfect-trader-by-van-k-tharp-ph-d-and-jennifer-benson-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c09-sidecal-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-9"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:9 (376): SIDEBAR: Calculating an 11-period CCI by Thom Hartle"",""caption-linebreaks"":""Calculating an 11-period CCI by Thom Hartle
Combining two classic indicators, the commodity channel index (CCI) and Bollinger bands, can be a potent timing tool for options trading. This author was inspired by John Bollinger's article \""Bollinger Bands\"" from the 1993 S&C Bonus Issue to develop a way of using the CCI to confirm Bollinger bands' trading opportunities. His technique uses a new variation of the CCI, the dual CCI. Here's how to put the technique to work. By D.W. Davies"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-9-376-sidebar-calculating-an-11-period-cci-by-thom-hartle-20.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-9-376-sidebar-calculating-an-11-period-cci-by-thom-hartle-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-9-376-sidebar-calculating-an-11-period-cci-by-thom-hartle-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c09-sidepro-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-9"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:9 (376-381): SIDEBAR: PROTECTIVE STOPS by Technical Analysis, Inc."",""caption-linebreaks"":""PROTECTIVE STOPS by Technical Analysis, Inc.
Definitions of initial and trailing protective stops."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-9-376-381-sidebar-protective-stops-by-technical-analysis-inc-20.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-9-376-381-sidebar-protective-stops-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-9-376-381-sidebar-protective-stops-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c09-trading-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-9"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:9 (376-381): Trading Options With Bollinger Bands And The Dual CCI by D.W. Davies"",""caption-linebreaks"":""Trading Options With Bollinger Bands And The Dual CCI by D.W. Davies
Combining two classic indicators, the commodity channel index (CCI) and Bollinger bands, can be a potent timing tool for options trading. This author was inspired by John Bollinger's article \""Bollinger Bands\"" from the 1993 S&C Bonus Issue to develop a way of using the CCI to confirm Bollinger bands' trading opportunities. His technique uses a new variation of the CCI, the dual CCI. Here's how to put the technique to work.
To trade options successfully, traders need to consistently and correctly predict three elements of the\nunderlying asset: price, price direction and the amount of time it will take for price to arrive at the\nexpected price changes.
Bollinger bands are lines plotted around price to form a trading band or range. The bands are used to\nidentify trading opportunities where market prices are relatively overvalued or undervalued. Rather than\nproviding absolute buy and sell signals, Bollinger bands tell the trader whether prices are high or low on\na relative basis. The concept of channels or trading bands is well recognized as an aid in determining the\nprobable range of prices.
The centered channel analysis (CCA) technique tries to define cycles and predict price by drawing price\nbands around centered moving averages of price and measuring the amplitude of price cycles within the\nprice channel. The disadvantage of centered channel analysis is that it requires the trader to visualize or\nproject the channels into the future, which introduces an element of subjectivity. Because of this\nsubjectivity, the CCA is not ideally suited for technical analysis."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-9-376-381-trading-options-with-bollinger-bands-and-the-dual-cci-by-d-w-davies-21.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-9-376-381-trading-options-with-bollinger-bands-and-the-dual-cci-by-d-w-davies-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-9-376-381-trading-options-with-bollinger-bands-and-the-dual-cci-by-d-w-davies-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c09-sidebca-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-9"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:9 (381): SIDEBAR: Calculating Bollinger Bands by Technical Analysis, Inc."",""caption-linebreaks"":""Calculating Bollinger Bands by Technical Analysis, Inc.
Bollinger band formulas for an Excel spreadsheet."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-9-381-sidebar-calculating-bollinger-bands-by-technical-analysis-inc-20.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-9-381-sidebar-calculating-bollinger-bands-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-9-381-sidebar-calculating-bollinger-bands-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c09-ratingt-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-9"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:9 (382-386): Rating Trend Strength by Tushar S. Chande"",""caption-linebreaks"":""Rating Trend Strength by Tushar S. Chande
Here's a simple indicator of trend strength. It goes like this: A value of +10 signals an uptrend; a value of -10 signals a downtrend. Stocks & Commodities Contributing Editor Tushar Chande uses this simple rating system to help answer the eternal traders' question: Is the market trending?
As you may have noticed, a number of rather complicated indicators are available to measure trend\nstrength. None of these indicators, unfortunately, is perfect. You could use J. Welles Wilder's average\ndirectional index (ADX) as an indicator of trend strength, or perhaps the r2 value from linear regression\nanalysis. Or you could even use the vertical horizontal filter (VHF) to help determine whether the market\nis trending.
Each of these indicators requires the user to determine how many days' data should be used in the\ncalculations. As you vary the indicator length or number of days used in the calculation, however, the\nresult of the calculation changes also. Thus, there is no unambiguous answer. If the market were about to\nenter or leave a trading range, you could get a different indication of trend strength every day — a\nfrustrating set of circumstances.
RATING THE TREND
Here is my way of rating a trend, a method I call trendscore. If today's close is greater than or equal to the\nclose x days ago, score one point. If today's close is less than the close x days ago, the trend's rating loses\none point.
Next, compare today's close to the close x+1 days ago. If today's close is greater than or equal to that\nclose, score another point. Deduct one point if the close is lower than the prior close."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-9-382-386-rating-trend-strength-by-tushar-s-chande-20.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-9-382-386-rating-trend-strength-by-tushar-s-chande-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-9-382-386-rating-trend-strength-by-tushar-s-chande-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c09-sidever-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-9"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:9 (382-386): SIDEBAR: THE VERTICAL HORIZONTAL FILTER by Technical Analysis, Inc."",""caption-linebreaks"":""THE VERTICAL HORIZONTAL FILTER by Technical Analysis, Inc.
Formula for the 28-day VHF (vertical horizontal filter)."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-9-382-386-sidebar-the-vertical-horizontal-filter-by-technical-analysis-inc-21.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-9-382-386-sidebar-the-vertical-horizontal-filter-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-9-382-386-sidebar-the-vertical-horizontal-filter-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c09-tradint-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-9"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:9 (387-389): Trading International Funds by Joe Duarte"",""caption-linebreaks"":""Trading International Funds by Joe Duarte
How do you participate in the price movement of the international stock markets using an overseas mutual fund?
The 1990s have become the true decade of market globalization as the world's governments and major\nindustrial entities seek private capital to refinance debt accumulated during the 1980s. This almost\ninsatiable desire for capital has both prolonged and increased the volatility of bull markets in stocks,\nbonds and currencies. With the advent of 24-hour trading, currency interactions and major global political\nshifts, most investors and traders require an intricate knowledge of international markets to profit in these\nparlous times.
Previously in STOCKS & COMMODITIES, I described several methods by which mutual fund investors can\nprofit from global market volatility by shifting their asset allocation between stock, bond and currency\nfunds. Two concepts are central to my method:
1. Keep abreast with current events to pinpoint potential trading opportunities.
2. Search for relationships between major market indices and mutual funds.
Because of the potential difficulties in trading international stocks (such as illiquidity and a dearth of\nindividual company information), I prefer to trade mutual funds. My approach is to find an underlying\nindex and a mutual fund that mirrors the index's movements, thus enabling me to use mutual funds as\nstock index proxies."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-9-387-389-trading-international-funds-by-joe-duarte-21.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-9-387-389-trading-international-funds-by-joe-duarte-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-9-387-389-trading-international-funds-by-joe-duarte-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c09-theinfl-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-9"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:9 (390-391): The Inflation Indicator by John A. Lohman"",""caption-linebreaks"":""The Inflation Indicator by John A. Lohman
Former Amex trader John Lohman delves into an inflation indicator that leads the Consumer Price Index (CPI) by about six months.
In 1992, technician John J. Murphy wrote a series of articles in STOCKS & COMMODITIES that detailed the\ninterrelationships between markets and the importance of studying each market in the context of others. This concept, better known as intermarket analysis, is perhaps one of the simplest yet most useful means of comprehending and anticipating major shifts in the stock, bond and commodity markets.
One of the driving forces of the links between these markets is the level of inflation. Meaningful changes in general price levels affect both financial and agricultural markets. While many analysts and economists use highly complex multivariate models to forecast levels and trends in inflation, there is a very simple indicator that tends to lead changes in the inflation rate by approximately nine months and is extremely simple to calculate and interpret."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-9-390-391-the-inflation-indicator-by-john-a-lohman-21.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-9-390-391-the-inflation-indicator-by-john-a-lohman-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-9-390-391-the-inflation-indicator-by-john-a-lohman-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v11-c10-sidersi-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-11-chapter-10"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.11:9 (414): SIDEBAR: The RSI and the RMI by Technical Analysis, Inc."",""caption-linebreaks"":""The RSI and the RMI by Technical Analysis, Inc.
Formulas and sample spreadsheets for the RSI and RMI."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-9-414-sidebar-the-rsi-and-the-rmi-by-technical-analysis-inc-20.gif"",""height"":""261"",""width"":""203""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-9-414-sidebar-the-rsi-and-the-rmi-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-11-9-414-sidebar-the-rsi-and-the-rmi-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c01-sidebda-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.12:1 (11-19): SIDEBAR: Dema1 Derivation by Technical Analysis, Inc."",""caption-linebreaks"":""Dema1 Derivation by Technical Analysis, Inc.
Here is a nonrigorous derivation of the one-parameter double exponential moving average (DEMA1),\nwhich assumes there is no noise and that the MAs have reached a steady-state value (i > w). The observed\ndata will be defined as an exact linear process."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-1-11-19-sidebar-dema1-derivation-by-technical-analysis-inc-20.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-1-11-19-sidebar-dema1-derivation-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-1-11-19-sidebar-dema1-derivation-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c01-sidebdb-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.12:1 (11-19): SIDEBAR: DEMA1 EXCEL SPREADSHEET by Technical Analysis, Inc."",""caption-linebreaks"":""DEMA1 EXCEL SPREADSHEET by Technical Analysis
This Excel spreadsheet (Figure 4) presents the calculation of the DEMA1 (column G) of the weekly\nclosing price of the NASDAQ (column D). We will be using the regression coefficients for the\ninitialization of the single exponential moving averages (column E) and the double exponential moving\naverages (column F). Column A is the date, column B is the high and column C is the low for the weekly\nNASDAQ. The first step in calculating DEMA1 will be calculating the linear regression of the closing price\nto determine the v (slope) and the u (y-intercept) of the regression line."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-1-11-19-sidebar-dema1-excel-spreadsheet-by-technical-analysis-inc-20.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-1-11-19-sidebar-dema1-excel-spreadsheet-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-1-11-19-sidebar-dema1-excel-spreadsheet-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c01-sidebm-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.12:1 (11-19): SIDEBAR: METASTOCK IMPLEMENTATION OF DEMA1 AND MACO-DEMA1 by Technical Analysis, Inc."",""caption-linebreaks"":""METASTOCK IMPLEMENTATION OF DEMA1 AND MACD-DEMA1 by Technical Analysis, Inc."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-1-11-19-sidebar-metastock-implementation-of-dema1-and-maco-dema1-by-technical-analysis-inc-20.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-1-11-19-sidebar-metastock-implementation-of-dema1-and-maco-dema1-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-1-11-19-sidebar-metastock-implementation-of-dema1-and-maco-dema1-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c01-smoothi-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.12:1 (11-19): Smoothing Data With Faster Moving Averages by Patrick G. Mulloy"",""caption-linebreaks"":""Smoothing Data With Faster Moving Averages By Patrick G. Mulloy
Has the lag time of moving averages ever irritated you? Well, there is a way around it: a modified statistical version of exponential smoothing with less lag time than the standard exponential moving average that is used in securities technical analysis, a double exponential moving average.
All moving averages smooth or reduce the noise level of a time series such as closing stock market prices\nby increasing the moving average (MA) length. But moving averages have an inherent detrimental lag\ntime that increases as the MA length increases. The solution is a modified statistical version of\nexponential smoothing with less lag time than the standard exponential moving average (EMA) that is\ncommonly used in securities technical analysis. Implementing this faster version of the EMA in indicators\nsuch as the moving average convergence/divergence (MACD), Bollinger bands or TRIX can provide\ndifferent buy/sell signals that are ahead (that is, lead) and respond faster than those provided by the single\nEMA. In Figure 1, the MACD indicator is applied to the weekly closing price of the NASDAQ composite\nindex. Using the standard MACD EMA lengths of 12, 26 and nine, the indicator generates 11 buy signals\nwith six losses. Figure 2 uses the same filter lengths of 12, 26 and nine, but the filters are not EMAs but\nare derivations of one-parameter double exponential moving averages (DEMA1). This time, the indicator\ngenerated nine trades, with only three losses due to the increased response of the DEMA1 filter. Here are the attributes of the DEMA1 filters and the methods by which to calculate the filters.
THE BASICS
The term statistical is used qualitatively here because exponential smoothing is not based on any formal\nstatistical theory, and for that reason, these smoothing techniques are best regarded as descriptive rather\nthan inferential in statistical terminology. With that in mind, data smoothing by using moving averages is\na common methodology in the statistical world of time series forecasting. The moving average smoothing\ntechnique removes the rapid fluctuations in the time series so that the secular (that is, long-term) trend is\nmore apparent. Exponential smoothing was originally developed to primarily forecast time series that can\nbe represented by a polynomial function of time."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-1-11-19-smoothing-data-with-faster-moving-averages-by-patrick-g-mulloy-20.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-1-11-19-smoothing-data-with-faster-moving-averages-by-patrick-g-mulloy-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-1-11-19-smoothing-data-with-faster-moving-averages-by-patrick-g-mulloy-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c01-stockma-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.12:1 (20-22): Stock Market Risk: A Monthly Look by John Kean"",""caption-linebreaks"":""Stock Market Risk: A Monthly Look by John Kean
Have you ever wanted to know what the actual statistics of the month-to-month risk in the stock market are? This article looks at the question and formulates a possible reason.
Most stock market analysis focuses on whether prices will rise or fall, with much less attention given\nto the question of drawdowns, or lows. Occasionally, however, even a month with a substantial stock\nindex gain will have a draw down that is beyond many investors' stamina levels.
Now take a look at monthly drawdowns in the Standard & Poor's 500 stock index from 1965 on. All the\ndata was calculated using daily close cash prices on a month-end basis. Drawdown is calculated here as\nthe percentage difference between a month's daily close low and the previous month-end close. As such,\nsome months have positive draw-downs in that their lows were higher than the preceding month's close.\nRisk will be discussed from the perspective of someone who is long stocks.
Lack of endurance in the face of drawdowns is usually due to overleveraging and/or underpreparation\nmentally for what could happen. In the 344 months since January 1965, 83% of those months\nencountered drops to some degree from/the previous month's close. The worst case, not surprisingly,\noccurred in October 1987, with a -30.14% drawdown. The average (mean) monthly drawdown over the\n28.7-year period equaled -2.44%, while the median was -1.68%. In 22% of the months studied,\ndrawdowns equal to or worse than -4% were encountered, which might give some pause to those considering the 10 to 1 leverage available in an S&P 500 futures contract. For months that closed up from\nthe previous month, 19.4% still had drawdowns of -2% or worse. Keep in mind that if we were using\nintraday data instead of closing data, the numbers would be considerably more negative."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-1-20-22-stock-market-risk-a-monthly-look-by-john-kean-20.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-1-20-22-stock-market-risk-a-monthly-look-by-john-kean-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-1-20-22-stock-market-risk-a-monthly-look-by-john-kean-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c01-haurlan-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.12:1 (23-25): The Haurlan Index by Paul E. Carroll"",""caption-linebreaks"":""The Haurlan index, which was originated by the Trade Levels, Inc., advisory service, has received comparatively little attention unfortunate, as it has proved to be effective in signaling tops and bottoms. By Paul E. Carroll
The number of advancing and declining stocks each day provides the raw data for a variety of breadth\nindicators and trading systems, among which are the advance-decline line, the McClellan oscillator, the\nNicoski index (advancing stocks divided by declining stocks) and the Bolton-Tremblay indicator, to\nmention only a few. And then there is the Haurlan index.
I have found the Haurlan index to be quite effective in signaling market tops and bottoms. The index is\nessentially an exponential moving average of advancing stocks minus declining stocks. I use New York\nStock Exchange (NYSE) daily breadth data in my calculations. Three variations of the Haurlan index are\nshort, intermediate and long term. First of all, to seed this, start with today's breadth (that is, the number\nof today's advances minus the number of today's declines) and for the next day, take yesterday's breadth\nas yesterday's index. Calculate the short-term version by taking yesterday's index and adding to it a\nproduct of a smoothing constant and the difference of today's breadth minus yesterday's index."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-1-23-25-the-haurlan-index-by-paul-e-carroll-21.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-1-23-25-the-haurlan-index-by-paul-e-carroll-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-1-23-25-the-haurlan-index-by-paul-e-carroll-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c01-usingop-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.12:1 (26-29): Using Options In Takeover Situations by Lawrence G. McMillan"",""caption-linebreaks"":""Using Options In Takeover Situations by Lawrence G. McMillan
Sometimes, a takeover situation can be as absorbing as watching a professional tennis match or reading an exciting thriller. Can you take advantage of the situation as an observer? Well-known options expert Lawrence McMillan explains how you can use stock options to participate in the activity of the stocks that have become takeover candidates.
When Viacom (VIA) recently made a friendly takeover bid for Paramount Communications (PCI),\nParamount stock soared (Figure 1) and Viacom stock took a beating (Figure 2), as the deal was proposed\nlargely as an exchange of PCI shares for VIA shares, with some cash thrown in. Then QVC Networks\n(QVCN), a series of networks devoted to home shopping, launched a competing bid for Paramount, again\ninvolving an exchange of shares (Figure 3), but with more cash thrown in. The competing bids for\nParamount, coupled with such high-profile mergers as Bell Atlantic and Telecommunications Inc. or\nAT&T and McCaw Cellular, have led many to believe that takeover fever may be burning again. (In case\nyou were wondering where the fever went, it essentially cooled in October 1990, when UAL stock\ncollapsed more than 100 points, taking the Dow Jones Industrial Average (DJIA) down 190 points with it.)"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-1-26-29-using-options-in-takeover-situations-by-lawrence-g-mcmillan-20.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-1-26-29-using-options-in-takeover-situations-by-lawrence-g-mcmillan-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-1-26-29-using-options-in-takeover-situations-by-lawrence-g-mcmillan-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c01-chattin-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.12:1 (30-37): Chatting With Marc Chaikin by Thom Hartle"",""caption-linebreaks"":""Chatting With Marc Chaikin - by Thom Hartle
Veteran technician Marc Chaikin, senior vice president of Instinet Corp., got started in the financial\nindustry with most fortuitous timing: He was issued his stockbroker's license the very day that the bear\nmarket of 1966 ended. Over the years, Chaikin gravitated to trading, turning to technical research when\nfundamental research faltered and disappointed, and along the way devised the indicator that bears his\nname, today included in many software technical analysis packages. STOCKS & COMMODITIES Editor Thom\nHartle interviewed Marc Chaikin on October 21, 1993, discussing such subjects as how he developed the\nChaikin oscillator, how keeping track of money flow is crucial and why you should avoid timing the\nbroad market on a short-term basis.\nI became very interested in trading, but I wasn't using technical analysis then. For the first two years of\nmy career, the concept never crossed my mind .Then I decided that there had to be a better way to guide\nbuy and sell decisions than depending on fundamental analysis, so I started what's ended up being a\n24-year research project in technical analysis. —Marc Chaikin
When did you start your career in the financial community?
In 1966 at Shearson Hammill, which was one of the early forerunners to the current Smith Barney\nShearson Lehman Brothers. I was issued my license as a stockbroker the day the bear market of 1966\nended.
Great timing!
For the first two and a half years of my career, all I knew about were upticks. Shearson had a reputation\nas having a very good fundamental research department, so by following their recommendations, I made\na lot of profits for people.
Were you trading, or buy and hold investing?
I became very interested in trading, but I wasn't using technical analysis at that time. For the first two\nyears, the concept of technical analysis never crossed my mind. At that time, the management\ndiscouraged using charts because we were supposed to be passing on the firm's recommendations."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-1-30-37-chatting-with-marc-chaikin-by-thom-hartle-21.gif"",""height"":""267"",""width"":""207""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-1-30-37-chatting-with-marc-chaikin-by-thom-hartle-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-1-30-37-chatting-with-marc-chaikin-by-thom-hartle-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c01-sidebc-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.12:1 (30-37): SIDEBAR: CHAIKIN INDICATORS by Technical Analysis, Inc."",""caption-linebreaks"":""CHAIKIN INDICATORS by Technical Analysis, Inc.
The indicators developed by Marc Chaikin are built on and around a single day's observation of the\nrelationship of the closing price to the price range of the day and then multiplied by the day's volume:...
Keeping a running total of this formula creates the indicator known as the cumulative money flow line,\nwhich is also known as the volume accumulation/distribution line. The Chaikin oscillator is the\ndifference between the three-day simple moving average and the 10-day sirnple moving average of the\ncumulative line. The 21 -day money flow indicator is the 21 -day sum of the above formula divided by\nthe 21-day sum of the day's volume."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-1-30-37-sidebar-chaikin-indicators-by-technical-analysis-inc-20.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-1-30-37-sidebar-chaikin-indicators-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-1-30-37-sidebar-chaikin-indicators-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c01-polariz-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.12:1 (38-41): Polarized Fractal Efficiency by Hans Hannula, Ph.D., C.T.A."",""caption-linebreaks"":""Polarized Fractal Efficiency By Hans Hannula, Ph.D., C.T.A.
What is fractal geometry, anyway, and how do you use it? Well, you'll find out here. Hans Hannula of MicroMedia describes the construction and use of an indicator derived from fractal geometry, the mathematics that describe chaotic systems.
Most chaotic systems produce some form of graphic representation. For example, turbulent flow in a\nstream produces swirls, eddies and vortices. Early chaos researchers found that the triangles, squares,\nlines and cubes of Euclidean geometry simply did not help in describing, studying or understanding their\nresearch problems.
Fortunately, mathematician Benoit Mandelbrot recognized this problem and solved it by describing\nfractal geometry. As he studied various problems being researched, he realized that many of these\nproblems had in common graphic representations of a very squiggly line. So he asked himself the\nprofound question, \""What is the dimension of a squiggly line?\""
The problem can be represented as shown in Figure 1. A straight line has a dimension of one. A plane\nsurface has a dimension of two. A squiggly line has a dimension between one and two, depending on how\nmuch it squiggles. The dimension of the line is not an integer like 1, 2 or 3 but can be a fraction, leading\nto the term fractional or fractal dimension. Mandelbrot discovered that many chaotic systems had a\nconstant fractal dimension. Others discovered that systems with the same fractal dimension had other\nproperties in common. Thus, fractal dimension became an important tool in chaos work."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-1-38-41-polarized-fractal-efficiency-by-hans-hannula-ph-d-c-t-a-21.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-1-38-41-polarized-fractal-efficiency-by-hans-hannula-ph-d-c-t-a-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-1-38-41-polarized-fractal-efficiency-by-hans-hannula-ph-d-c-t-a-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c01-sidebp-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.12:1 (38-41): SIDEBAR: Polarized Fractal Efficiency Spreadsheet by Technical Analysis, Inc."",""caption-linebreaks"":""POLARIZED FRACTAL EFFICIENCY SPREADSHEET by Technical Analysis, Inc.
The first step to calculate the 10-period polarized fractal efficiency (PFE) on a percentage basis is to calculate the first-to-last\nclose spacing."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-1-38-41-sidebar-polarized-fractal-efficiency-spreadsheet-by-technical-analysis-inc-20.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-1-38-41-sidebar-polarized-fractal-efficiency-spreadsheet-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-1-38-41-sidebar-polarized-fractal-efficiency-spreadsheet-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c01-sidebt-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.12:1 (42-44): SIDEBAR: TICK LINE MOMENTUM by Technical Analysis, Inc."",""caption-linebreaks"":""TICK LINE MOMENTUM by Technical Analysis, Inc.
The daily closing tick is collected in column C in sidebar Figure 1. The first step is to smooth the daily\nclosing values using a 10-period exponentially weighted moving average. To start this process, we need\nto calculate the 10-day simple moving average, which is done in cell D11. The formula for cell D11 is:
=TRUNC(AVERAGE(C2:C11))"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-1-42-44-sidebar-tick-line-momentum-by-technical-analysis-inc-20.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-1-42-44-sidebar-tick-line-momentum-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-1-42-44-sidebar-tick-line-momentum-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c01-tick-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.12:1 (42-44): Using The Tick In A Short-Term Indicator by Daniel E. Downing"",""caption-linebreaks"":""Using The Tick In A Short-Term Indicator by Daniel E. Downing
The tick index, the net difference of the number of stocks last traded on an uptick from those last traded on a downtick, is a well-known indicator, but it's got a problem. The raw number result is volatile, perhaps too volatile for some. What to do? Here, then, is a way to smooth out the noise to identify short-term trading opportunities.
The tick is a basic unit for the markets, watched with fascination during periods of turmoil and periods\nof enthusiasm. It is quoted throughout the day on most quote services. In addition, the closing tick value\ncan be found on the market statistics pages of financial newspapers such as Barron's and The Wall\nStreet Journal. Let me present, then, the tick line momentum oscillator, which is based on the closing\nvalue for the New York Stock Exchange (NYSE) tick indicator. The oscillator has been shown to have a\ngood track record of determining when the NYSE is overbought or oversold on a short-term basis. The\nformula for the tick line momentum oscillator is simple and can be easily calculated without a computer,\nalthough a spreadsheet version can be found in the sidebar, \""Tick line momentum.\"" Finally, the oscillator\nis straightforward and simple to apply."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-1-42-44-using-the-tick-in-a-short-term-indicator-by-daniel-e-downing-20.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-1-42-44-using-the-tick-in-a-short-term-indicator-by-daniel-e-downing-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-1-42-44-using-the-tick-in-a-short-term-indicator-by-daniel-e-downing-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c01-priceos-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-1"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.12:1 (45-48): Price/Oscillator Divergences by W. Lawson McWhorter"",""caption-linebreaks"":""Price/Oscillator Divergences By W. Lawson McWhorter
Have Dow theory divergences always fascinated you? Well, you're in luck. Here's a primer on observing divergence between indicators and prices to generate trading signals.
Divergence, or the nonconfirmation of price movement by a related market, security or technical\nindicator, has long been a useful part of the technician's repertoire. The importance of divergence was\nfirst recognized by Charles Dow and his successor, William Hamilton, in what has become known as the\nDow theory. One of the central premises of this method is that any move in the Dow Jones Industrial\nAverage (DJIA) must be confirmed by the Dow Jones Transportation Average (DJIA). If the industrials are\nmaking new highs while the transports are unable to break old ones, the strength of the primary trend is\ncalled into question.
Figure 1 demonstrates a typical Dow theory divergence; in it, as the industrials set new records, the\ntransports failed to better highs set in April. While the Dow theory is certainly not without its detractors,\nthe concept of divergence forms the foundation of many different technical studies and has become a\npillar of technical analysis.
While not referred to as such, divergence plays a vital role in the proper analysis of classic chart patterns.\nChart analysis generally calls for volume to confirm price movement; the absence of proper volume is\nessentially a form of divergence. As Edwards and Magee state in Technical Analysis of Stock Trends:
[Volume] is always to be watched as a vital part of the total picture. The chart of trading activity\nmakes a pattern just as does the chart of price ranges. The two go together and each must conform to\nthe requirements of the case."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-1-45-48-price-oscillator-divergences-by-w-lawson-mcwhorter-20.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-1-45-48-price-oscillator-divergences-by-w-lawson-mcwhorter-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-1-45-48-price-oscillator-divergences-by-w-lawson-mcwhorter-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c10-rateof-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-10"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.12:10 (403-405): The Rate Of Change Indicator by Bruce R. Faber"",""caption-linebreaks"":""The Rate Of Change Indicator by Bruce R. Faber
The rate of change is an indicator that measures the pace at which price is changing. Tracking the rate of the change of price can confirm trends and forewarn of market reversals. Here, then, are some guidelines for using this popular indicator.
One of the simplest of all indicators to understand and use is the rate of change indicator (ROC). That the idea is simple in no way negates its effectiveness; it is a basic tool, which when used with other tools helps to determine the most opportune buy and sell points for a given security. There has been no one person identified as having developed this oscillator, but because of the oscillator's effectiveness, the indicator is very popular among traders and market analysts.
The ROC can be applied to price, volume or other indicators such as moving averages. Here, we will use the rate of change indicator on a security. ROC compares a security's current price to the price n days previous. The number of days to use for n varies, depending on traders' time horizons for holding trades and how the volatility of the security is determined. There are three ways to compare today's price relative to the price n days ago."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-10-403-405-the-rate-of-change-indicator-by-bruce-r-faber-21.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-10-403-405-the-rate-of-change-indicator-by-bruce-r-faber-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-10-403-405-the-rate-of-change-indicator-by-bruce-r-faber-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c10-advance-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-10"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.12:10 (406-408): Advance Breakdowns And Breakouts In Oscillators by Martin J. Pring"",""caption-linebreaks"":""Advance Breakdowns And Breakouts In Oscillators by Martin J. Pring
Oscillators have always been a popular tool for traders. Here are some guidelines from a leading market analyst on various ways to apply this widely used technique.
I think of momentum as a generic term that embraces all kinds of oscillator-type indicators. Stochastics, the relative strength index (RSI), the moving average convergence/divergence (MACD) and my own KST system are all statistical variations of price data, which appear as oscillators when plotted on a graph. Some are relatively smooth, such as the stochastic indicator, while others, such as the rate of change, are more jagged in nature. All are subject to the same principles of interpretation, but their individual characteristics differ.
Differing characteristics means that for any indicator, the usefulness of an individual interpretative technique will depend on its specific attributes. For example, the rate of change lends itself to trendline analysis, but the slow-turning stochastic does not. It is better suited to reversals in direction and moving average crossovers. This is not to say, however, that you can never construct a trendline from a stochastic, just that this is not the preferred method of interpretation because trendlines cannot be constructed very often. This article describes one of these interpretative momentum principles: advance breakouts and breakdowns."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-10-406-408-advance-breakdowns-and-breakouts-in-oscillators-by-martin-j-pring-21.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-10-406-408-advance-breakdowns-and-breakouts-in-oscillators-by-martin-j-pring-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-10-406-408-advance-breakdowns-and-breakouts-in-oscillators-by-martin-j-pring-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c10-expirat-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-10"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.12:10 (409-412): Expiration Month And Strike Price For Options by Robert M. Peevey"",""caption-linebreaks"":""Expiration Month And Strike Price For Options by Robert M. Peevey
It never hurts to brush up on the basics, we always say, and so here are the basics of options as well as an analysis of the correct option expiration month and strike price to achieve maximum profit from each trade.
Stock and index options provide a leveraged investment alternative to the direct purchase of the underlying assets. They provide more bang for the buck and place a premium on being correct in predicting price moves — the ideal circumstance for the technician. This article is designed to help technicians in their quest to profit with options by refreshing their memories on how options work, and how to achieve a maximum profit from each options trade.
First of all, an American call option gives its buyer the right but not the obligation to purchase a specified number of units (100 shares for common stocks) of a specific asset (the common stock of Exxon Corp. [XON], for example) at a specified price — the strike price — on or before a specified date — the expiration date, usually the Saturday following the third Friday of the month. For this privilege, the call option buyer pays an amount — the premium — to the seller (or writer) of the option.
The premium consists of two components — intrinsic value and time value. Intrinsic value is the amount that the call option is in the money (that is, the price of the underlying asset minus the strike price of the option). For example, a call option with a strike price of $50 and a current market price of $52 would be $2 in the money, or an intrinsic value of $2. If the call option premium were $3, the time value would be $1. Therefore, the call option premium would be composed of $2 intrinsic value plus $1 time value. One call option for a common stock at a price of $3 represents a $300 investment (plus commissions). Out of the money options have no intrinsic value and the entire premium is time value."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-10-409-412-expiration-month-and-strike-price-for-options-by-robert-m-peevey-21.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-10-409-412-expiration-month-and-strike-price-for-options-by-robert-m-peevey-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-10-409-412-expiration-month-and-strike-price-for-options-by-robert-m-peevey-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c10-trading-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-10"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.12:10 (413-415): Trading The S&P With A Neural Network by Jeremy G. Konstenius"",""caption-linebreaks"":""Trading The S&P With A Neural Network by Jeremy G. Konstenius
Here's an example of the steps that one trader took to use a neural network to trade the stock market index futures.
Today's technical traders have the opportunity to use sophisticated methods for analyzing and developing trading strategies. More and more traders are looking at artificial intelligence, specifically at the use of neural networks to develop new trading strategies such as forecasting market movements.
Artificial neural networks are mathematical simulations of biological neural networks, in which a neural net is shown data and instructed to respond in a particular way. The input data is the stimulus and the output is the response. The neural network learns the interrelationships between the stimulus and response by organizing itself internally. Once a neural network has been trained, it can be shown new data and will, hopefully, produce accurate responses. One popular model in the financial community is the back-propagation network. Back-propagation networks consist of artificial neurons that are interconnected to make up the network. These neurons consists of artificial synapses, which are numbers representative of intranetwork connection strengths. These connection strength numbers are modified during training by the back-propagation of error. If the neural network fails to accurately produce the desired results, the connection strengths are modified until the errors in the results are made tolerable by a trial and error process. The training process continues until the collective connection strengths of the neurons are modeling the input-output relationships with a certain degree of accuracy."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-10-413-415-trading-the-s-p-with-a-neural-network-by-jeremy-g-konstenius-21.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-10-413-415-trading-the-s-p-with-a-neural-network-by-jeremy-g-konstenius-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-10-413-415-trading-the-s-p-with-a-neural-network-by-jeremy-g-konstenius-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c10-usingam-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-10"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.12:10 (416-419): Using A Moving Average System by Lars N. Kestner"",""caption-linebreaks"":""Using A Moving Average System by Lars N. Kestner
Moving averages was one of the first trading methods used by technicians. Here are the basics to using a moving average system.
The process of developing a trading system consists of three steps. First, the developer must have an idea or a theory of how the proposed system will make profits. This could be breakout trading, range trading or anything in between. Then, once the developer has decided on an idea, the next step is to implement it - that is, quantify it - into a specific set of rules that can be evaluated. A concept such as \""Prices tend to continue up after a significant breakout occurs\"" can be quantified into a rule such as \""Buy when prices make a 30-day high.\""
Unfortunately, most systems are not this simple to quantify. The third and final step is to test the system for performance. Here, we will undertake the three steps to develop a basic system. Our starting point will be the idea of following the three rules that traders should follow. In fact, most traders hear them everyday:
1 Cut your losses
2 Let your profits run
3 Trade with the trend.
Now that we have a trading theory, we've accomplished the first step in creating a system. The next step is to implement our theory. By using a variation of the moving average system, we will create a system that follows these three rules of trading."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-10-416-419-using-a-moving-average-system-by-lars-n-kestner-21.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-10-416-419-using-a-moving-average-system-by-lars-n-kestner-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-10-416-419-using-a-moving-average-system-by-lars-n-kestner-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c10-moore-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-10"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.12:10 (420-429): Interview: Speaking of Seasonals with Steve Moore of Moore Research Center by Thom Hartle"",""caption-linebreaks"":""Interview: Speaking of Seasonals with Steve Moore of Moore Research Center by Thom Hartle
The concept of seasonality is certainly not new. \""To every thing there is a season,\"" Ecclesiastes and, more recently, the 1960s rock group The Birds said. And of course, for commodity traders the commodity markets have always offered seasonal trading opportunities. This month, Stocks & Commodities interviews Steve Moore, a trader and market research analyst who focuses on seasonal and statistical studies of the futures markets. Topics covered include seasonal trades, correlation in markets, options trading and money management.
Q: How did you first get involved in the futures markets?
A: I was introduced to the futures markets in 1973 while I was working in Georgia Pacific’s plywood purchasing department. We made a lot of our purchases by taking physical delivery of plywood futures contracts that were heavily discounted to the cash prices at which our mill suppliers were willing to sell. Then in 1975, I went to work for a Merrill Lynch company that traded both cash and futures in the wood products industry. We worked with computer models that used regression analysis to project cash prices, and eventually we applied them to futures trading. In 1977, I moved back to Eugene, OR, which is where I’m from, to set up a computerized futures research department at the wood products firm where my father worked. A few years later, Stotler & Co. hired me to set up a computer research department for them and manage a futures brokerage operation on my ranch.
Q: When was that?
A: In 1985. That was really my dream then. Everything was going great — as far as I was concerned, at least — until Stotler filed for bankruptcy in 1990. At that point, I decided to become totally independent.
Q: Did you continue to produce research and keep on trading?
A: Yes. In 1990 I founded Moore Research Center, and we had two big breaks when our work was discussed in articles in both Investors Business Daily and The Wall Street Journal. Our customer base grew from there. Now we even provide research to several exchanges, including the Chicago Mercantile Exchange (CME), the Chicago Board of Trade (CBOT) and the Kansas City Board of Trade (KCBOT). Most recently, in 1993, I joined with Linda Bradford Raschke to form LBR Moore Trading. We computerized a number of her trading models and techniques and now we provide a daily fax service with her comments."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-10-420-429-interview-speaking-of-seasonals-with-steve-moore-of-moore-research-center-by-thom-hartle-21.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-10-420-429-interview-speaking-of-seasonals-with-steve-moore-of-moore-research-center-by-thom-hartle-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-10-420-429-interview-speaking-of-seasonals-with-steve-moore-of-moore-research-center-by-thom-hartle-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c10-moneysu-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-10"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.12:10 (430-432): Money Supply And The Leading Economic Indicators by Clifford J. Sherry, Ph.D."",""caption-linebreaks"":""Money Supply And The Leading Economic Indicators by Clifford J. Sherry, Ph.D.
This longtime Stocks & Commodities contributor and author discusses the relationship between the money supply and the composite index of leading economic indicators.
The National Bureau of Economic Research developed a system of leading, coincident and lagging indicators covering a wide variety of economic processes in the 1930s. The monthly figures for these indicators and their components, as well as a variety of other economically important time series, are published by the US Department of Commerce in Business Conditions Digest.
Empirical observation and economic theory come together in the effort to select and classify indicators. These indicators theoretically provide insights into the business climate and its fluctuations. The United States tends to exhibit more cycles than other market-oriented countries.
Theoretically, the composite index of leading economic indicators (CI) is important to traders and investors because of its predictive quality and because it is seemingly sensitive to economic changes, especially as detected in the aggregate marketplace. The CI samples six major economic processes: 1) employment and unemployment; 2) production, income, consumption and trade; 3) fixed capital investment; 4) inventories and inventory investment; 5) prices, costs and profits; and 6) money, credit and interest rates."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-10-430-432-money-supply-and-the-leading-economic-indicators-by-clifford-j-sherry-ph-d-21.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-10-430-432-money-supply-and-the-leading-economic-indicators-by-clifford-j-sherry-ph-d-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-10-430-432-money-supply-and-the-leading-economic-indicators-by-clifford-j-sherry-ph-d-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c10-djiaand-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-10"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.12:10 (433-437): The DJIA And The Stock Index Futures Cycle by Christopher Cadbury"",""caption-linebreaks"":""The DJIA And The Stock Index Futures Cycle by Christopher Cadbury
Do phases of the three-month futures cycle usually coincide with periods of greatest weakness or periods of substantial strength in the stock market? This American Stock Exchange trader details DJIA performance in relation to the beginning trading periods for the lead stock index futures contracts.
Stock index futures expire on the third Friday of March, June, September and December. The three-month period between expiration dates is known as the three-month futures cycle. Declines in the Dow Jones Industrial Average (DJIA) of at least 104 points have usually started in one brief phase of the futures cycle; often, the declines are much greater than 104 points. In fact, six of the eight declines of 200 points or more since October 1987 began during the short phase. The other two declines of 200 points or more were, respectively, a test of the 1987 crash lows and a drop that started earlier but resumed its downward course during the phase. After the drop resumed, the market fell 303 points.
For six of the eight declines of 200 points or more that started during the phase, the loss was 2,489 points in total. The total loss of all the declines of at least 104 points beginning in the phase since October 1987 was 5,087. Clearly, 5,087 points are many more than are in the current market. All the declines of 104 DJIA points or more resulted in rebounds of 68 points or more. In general, however, the rebounds have been much larger. The gains that occur from 200-point losses or more have always been at least 100 points or the normal Standard & Poor's 500 equivalent of 100 DJIA points, 12 S&P points."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-10-433-437-the-djia-and-the-stock-index-futures-cycle-by-christopher-cadbury-21.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-10-433-437-the-djia-and-the-stock-index-futures-cycle-by-christopher-cadbury-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-10-433-437-the-djia-and-the-stock-index-futures-cycle-by-christopher-cadbury-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c10-turning-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-10"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.12:10 (441-442): Turning Trading Weaknesses into Strengths by Adrienne Laris Toghraie"",""caption-linebreaks"":""Turning Trading Weaknesses Into Strengths by Adrienne Laris Toghraie
The founder of Trading on Target explains how to identify your trading weaknesses and turn them into strengths.
What is your greatest weakness? What if you were to transform your greatest weakness into your greatest strength? Our greatest strengths provide us with the skills, talents and resources to reach our goals. So when weaknesses are acknowledged, overcome and transformed, they can have the power to lead us to our greatest achievements.
Hundreds of traders have told me that the need for excitement is their most common Achilles' heel. In fact, it is the principal reason that most of them become traders. For too many traders, this need for excitement comes from a need to live on the edge, a result of unresolved dramas in their lives that\nproduce powerful and vacillating feelings. These traumatic experiences create situations later on in which traders will experience similar feelings. Because they perceive these feelings as a normal state of affairs, they are only comfortable when they are in an emotionally extreme state. Therefore, they look for\nsituations in which they can experience emotional extremes, and for many, trading fits the bill."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-10-441-442-turning-trading-weaknesses-into-strengths-by-adrienne-laris-toghraie-21.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-10-441-442-turning-trading-weaknesses-into-strengths-by-adrienne-laris-toghraie-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-10-441-442-turning-trading-weaknesses-into-strengths-by-adrienne-laris-toghraie-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c11-extreme-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-11"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.12:11 (445-450): Extremes Analysis Of Interest Rates And Stock by Mark C. Snead"",""caption-linebreaks"":""Extremes Analysis Of Interest Rates And Stock by Mark C. Snead
This former investment broker explains the relationship between declining interest rates and the lagged effect on the stock market.
Interest rate changes exert a powerful influence on stock price movements. The relationship is a decidedly negative one, with historical stock returns much higher on average with falling interest rates than with rising interest rates. The aspect of this relationship that perhaps most deserves careful analysis is the lagged impact of rate changes on stock prices. After an interest rate change, stock prices do not immediately adjust; instead, they tend to respond in a lagged fashion over periods of days, weeks or months.
Using interest rates to forecast stock prices is promising not only because the two are highly correlated, but also because many theories suggest that interest rate movements should play a key role in equity pricing. Existing theory posits that two influences are responsible for the inverse relationship between rate changes and stock returns. The first is the impact of interest rates on earnings expectations, in that interest rate increases represent increased financing costs to both the firm and the consumer and, consequently, reduce expected future corporate earnings.
The opposite, however, is true for falling interest rates. The second influence is the direct substitution between stocks and debt instruments as the expected returns on the two asset classes fluctuate with interest rates. This substitution seems to be intensifying as the financial markets mature and market participants become more sophisticated. With both mechanisms, rate declines are quite favorable for stocks, while rate increases lead to lower stock prices."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-11-445-450-extremes-analysis-of-interest-rates-and-stock-by-mark-c-snead-21.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-11-445-450-extremes-analysis-of-interest-rates-and-stock-by-mark-c-snead-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-11-445-450-extremes-analysis-of-interest-rates-and-stock-by-mark-c-snead-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c11-sidebcr-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-11"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.12:11 (451-454): SIDEBAR: Calculating The Relative Strength-MACD Crossover"",""caption-linebreaks"":""SIDEBAR: Calculating The Relative Strength-MACD Crossover
The relative strength ratio-MACD crossover indicator in this example uses the daily closing price of Boeing (BA) compared with the daily closing price of the S&P 500 index. The first day's period is January 1, 1994."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-11-451-454-sidebar-calculating-the-relative-strength-macd-crossover-21.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-11-451-454-sidebar-calculating-the-relative-strength-macd-crossover-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-11-451-454-sidebar-calculating-the-relative-strength-macd-crossover-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c11-relativ-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-11"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.12:11 (451-454): The Relative Strength Ratio-MACD Crossover by Gilbert Raff"",""caption-linebreaks"":""The Relative Strength Ratio-Macd Crossover by Gilbert Raff
Here's an indicator to identify positive and negative trading signals for stocks and mutual funds. The heart of the indicator involves applying an oscillator to the relative strength line. Trading signals result from identifying strong relative strength, which is a positive indication, while weak relative strength is considered a negative sign. Here's how to lower the volatility of returns by applying the popular moving average convergence/divergence (MACD).
Most stocks and mutual funds are more volatile than the Standard & Poor's 500 index. The first two quarters of 1994 amply demonstrated this, with most equity mutual funds losing more than the stock indices, and most bond funds losing more than the Shearson Lehman bond index. In what may seem like a paradox, I have used in my financial management practice an indicator based on the relatively greater volatility of stocks and mutual funds to produce less volatile investment returns. I call it the relative strength ratio-MACD crossover indicator.
Let me illustrate this first in mutual funds. The first step is to divide the weekly close of the mutual fund in question by the weekly close of the S&P 500 index, and you'll have a graph of the relative strength ratio of that fund. I use this term to distinguish this ratio from the similarly named but completely different relative strength indicator (RSI). When the ratio is falling, the fund is underperforming the S&P index, and vice versa.\nNext, apply the classic moving average convergence/divergence (MACD) indicator to this graph. When the MACD is over its nine-week exponential moving average (EMA), called the trigger line, buy the mutual fund. When the MACD is below the trigger line, move into a money market fund if you are conservative or into a higher-performing fund if you are aggressive."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-11-451-454-the-relative-strength-ratio-macd-crossover-by-gilbert-raff-21.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-11-451-454-the-relative-strength-ratio-macd-crossover-by-gilbert-raff-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-11-451-454-the-relative-strength-ratio-macd-crossover-by-gilbert-raff-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c11-bolling-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-11"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.12:11 (455-458): The Bollinger Band And Trend by John Forman"",""caption-linebreaks"":""The Bollinger Band And Trend by John Forman
Here are ways to use Bollinger Bands to judge the trending tendency of markets, using the distance between the upper and lower bands.
Never be afraid to look at an old technical indicator in a new way. In my daily study of the markets, ranging from fixed income and foreign exchange to energy futures, I experiment with old favorites in an effort to find the best combination for my work. Recently, I made an observation that gave me yet another tool, one that allows me to pick out trends, or the lack thereof, easier than I could previously.
Bollinger Bands express historical volatility in the market by plotting bands above and below a moving average (MA). The most commonly used average is 20 days, and the standard deviation for 20 days. The bands are plotted two standard deviations away from that average. This creates an envelope of sorts in\nwhich the vast majority of trading takes place."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-11-455-458-the-bollinger-band-and-trend-by-john-forman-20.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-11-455-458-the-bollinger-band-and-trend-by-john-forman-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-11-455-458-the-bollinger-band-and-trend-by-john-forman-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c11-sidebco-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-11"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.12:11 (459-462): SIDEBAR: Calculating the Coppock Curve in SuperCharts"",""caption-linebreaks"":""SIDEBAR: Calculating the Coppock Curve in SuperCharts
The Coppock curve in Figure 1 of the article \""The Coppock Curve\"" by Elliot Middleton, labeled \""CoppockAnnual\"" takes the essence of Coppock's original formulation and puts it in modern mathematics. Technicians have found that instead of using 11 and 14 month lags, a single annual lagged percentage change of the index works almost as well."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-11-459-462-sidebar-calculating-the-coppock-curve-in-supercharts-21.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-11-459-462-sidebar-calculating-the-coppock-curve-in-supercharts-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-11-459-462-sidebar-calculating-the-coppock-curve-in-supercharts-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c11-coppock-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-11"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.12:11 (459-462): The Coppock Curve by Elliott Middleton"",""caption-linebreaks"":""The Coppock Curve by Elliott Middleton
The Coppock formula was introduced in Barron's in 1962, devised by a San Antonio, TX-based technician named Edwin Sedgwick Coppock. Since then, the Coppock oscillator has been adopted and adapted by technicians around the world. Here's how to use the Coppock curve to recognize major bottoms in the stock market.
We are creatures of habit. We judge the world relative to what we have experienced. If we're shopping for a mortgage and rates have been in the teens (as they were in the early 1980s) and then drop to 10%, we are elated. If, however, they've been at 8% and then rise to 10%, we are disappointed. It all depends on your perspective. The principle of adaptation-level applies to how we judge our income levels, stock prices and virtually every other variable in our lives. Psychologically, relativity prevails.
The moving average is the simplest form of adaptation-level. Moving average crossover rules accurately signal the onset of periods of returns outside the norm, whether positive or negative. This makes moving average crossovers useful to traders who want to get a boost on entering or exiting stocks or funds. The oscillator is also based on adaptation-level, although in a slightly different way. Oscillators generally begin by calculating a percentage change of current price from some previous price, where the previous price is the adaptation-level or reference point. The mind is attuned to percentage changes because they represent returns. If you bought Microsoft Corp. stock (MSFT) at $50 and it goes to $80, you make 60% before dividends. If you bought Berkshire Hathaway (BRK) at $4,000 and it rises to $4,030, the same dollar gain, you make 0.75% before dividends. It's the percentage change that counts. Relativity again."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-11-459-462-the-coppock-curve-by-elliott-middleton-20.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-11-459-462-the-coppock-curve-by-elliott-middleton-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-11-459-462-the-coppock-curve-by-elliott-middleton-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c11-develop-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-11"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.12:11 (463-468): Developing An Expert System To Forecast The Stock Market by Mike Flanagan, Ph.D."",""caption-linebreaks"":""Developing An Expert System To Forecast The Stock Market by Mike Flanagan, Ph.D.
Nowadays, computers are often used to develop rule-based trading strategies. Frequently, these rules will be based on work provided by experts; such rule-based models are generally called expert systems. Here, Mike Flanagan takes you through the process of developing an expert system for generating medium- (three- to six-month) and long-term (six- to 12-month) forecasts of the US stock market.
An expert system is a computer program that uses deductive logic to simulate the decision-making process of humans. The program contains a modifiable knowledge base consisting of if-then-else rules and facts, a user interface, a database/spreadsheet interface and an inference engine that makes logic-based decisions. In the early days of expert system development, systems were built by interviewing a human expert about a particular subject and then attempting to capture that expert's knowledge for the benefit of other, nonexpert users; the term expert system is derived from this process. Today, the goal of an expert system developer is to capture as much relevant knowledge about a given subject from all\navailable sources and create a series of rules that represent this knowledge. The performance of an expert system model is primarily a function of the quality and size of its knowledge base.
The if part of a rule is basically a series of conditions expressed as grammatical sentences or algebraic expressions. If the program determines that the if conditions are true, the statements in the then part are assumed to be true and are added to the knowledge base as known facts. If, however, any of the conditions in the if part are not true, the statements contained in the else part are assumed to be true and this information is also added to the knowledge base."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-11-463-468-developing-an-expert-system-to-forecast-the-stock-market-by-mike-flanagan-ph-d-20.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-11-463-468-developing-an-expert-system-to-forecast-the-stock-market-by-mike-flanagan-ph-d-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-11-463-468-developing-an-expert-system-to-forecast-the-stock-market-by-mike-flanagan-ph-d-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c11-eight-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-11"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.12:11 (469-473): The Eight-Year Presidential Election Pattern by Adam White"",""caption-linebreaks"":""The Eight-Year Presidential Election Pattern by Adam White
That seasonal patterns exist cannot be denied. But there may be patterns within those patterns, depending on how you look at them. The four-year Presidential cycle is a prime example or are we only looking at half the pattern there? Here's a new look at the Presidential cycle.
People plan, project and predict the future using past trends in most everything they do, from whether to grab an umbrella in the morning all the way to timing a turn through oncoming traffic. But how far can the practice of relying on past trends be taken when sizing up the future of the stock market? Many interesting historical patterns seem to abound: the Presidential election cycle, the decennial pattern, the Monday effect and so on. The key for the investor, however, is to determine which of these patterns are valid enough to base at least part of one's investing decisions on. Let us look at two variations of the Presidential election pattern, the traditional four-year pattern and an eight-year pattern. Let's look at two subjects: Introducing the eight-year pattern and offering a simple means by which to measure the validity of any historical pattern.
Most stock market investors are familiar with the four-year Presidential election cycle. This pattern suggests that the two years leading up to a Presidential election are generally better years for investing than the two years that follow. The underlying rationale is that the political party in power wants the economy and market to do well before the next election and is willing to apply restrictive economic policies only after the election. This four-year pattern has earned credence over the years partly because of this compelling logic and partly because of its statistical robustness."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-11-469-473-the-eight-year-presidential-election-pattern-by-adam-white-20.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-11-469-473-the-eight-year-presidential-election-pattern-by-adam-white-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-11-469-473-the-eight-year-presidential-election-pattern-by-adam-white-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c11-navelli-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-11"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.12:11 (474-479): Louis Navellier Of The MPT Review"",""caption-linebreaks"":""Louis Navellier Of The MPT Review
Modern portfolio theory (MPT) uses statistical analysis, screening and ranking of stocks to decide what and where to invest. Louis Navellier, money manager and publisher of The MPT Review, specializes in using this method for selecting stocks that will outperform the market. Stocks & Commodities asked Navellier for details on how he goes about selecting stocks and designing portfolios.
Q: So tell us about your early days and how you developed your approach to analyzing stocks and managing money.
A: Sure. I've always been interested in the markets, even before I was in high school. By the time I got to college, I was already testing various methods to screen stocks based on reward and risk. In college I was a finance student, and I had the good fortune to be taught by some professors who also worked for Wells\nFargo Bank.
Q: When was that?
A: The late 1970s. At that time, because of the connection with the professors, we were able to use the computers at Wells Fargo to run screens of stocks for us. That was very valuable, because this was before the personal computer revolution and there weren't very many other computer sources available. I had the opportunity to test my ideas on Wells Fargo's computers, and it turned out that some of my screens worked out pretty well. The bottom line is, by that time I had pretty much made up my mind that a high-alpha stock strategy was the key to outperforming the markets.
Q: Could you define a high-alpha stock strategy?
A: High-alpha stocks are stocks that demonstrate better monthly returns independent of the stock market. We regress or statistically compare the returns of individual stocks to the returns of the broad market. The returns of the stock that are correlated to the market are referred to as the beta , while the returns of the stock that are independent of the returns of the market are referred to as the alpha. A stock with a positive alpha theoretically is outperforming the market based on its own merits and hopefully will continue to do so (Figure 1). A stock with a negative alpha, however, would be a stock to avoid because it is underperforming the market based on its own merits."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-11-474-479-louis-navellier-of-the-mpt-review-21.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-11-474-479-louis-navellier-of-the-mpt-review-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-11-474-479-louis-navellier-of-the-mpt-review-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c11-gear-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-11"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.12:11 (480-483): Are The Averages in Gear? by Richard L. Evans"",""caption-linebreaks"":""Are The Averages in Gear? by Richard L. Evans
What is Dow theory really indicating when the industrial and transportation averages are out of sync? Here's a Dow theory specialist to clarify.
One of Dow theory's main tenets and the basis of much modern-day technical analysis is the principle of confirmation. The confirmation theory originally took shape when Charles Dow first noticed that important market movements were preceded by joint confirmation of his two indices, the industrials and (at that time) the rails. Given that both indices represented at the time nearly all the important stocks, he reasoned, both should move together as a measure of breadth. Later, William Peter Hamilton further enhanced the confirmation tenet with underlying economic theory to the effect that the industrial average represented the production of goods and the rails the movement of goods, and when the averages were out of sync, the divergence reflected economic deterioration and were the harbinger of stock market uncertainties.
However, what started out as a simple observation in a Wall Street Journal editorial nearly 100 years ago has found its way into nearly all facets of modern-day technical analysis. Indeed, the confirmation/divergence principle is so strongly associated with so many developments in technical analysis that many investors today do not realize that confirmation was first popularized in the writings of Charles Dow almost a century ago. But the confirmation principle, based specifically on the Dow Jones industrial and (now) transportation averages, is still very viable as a gauge of the overall market, if not more so, for investors of all levels of sophistication."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-11-480-483-are-the-averages-in-gear-by-richard-l-evans-21.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-11-480-483-are-the-averages-in-gear-by-richard-l-evans-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-11-480-483-are-the-averages-in-gear-by-richard-l-evans-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c11-visual-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-11"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.12:11 (484-486): Using Visual Imagery in Trading by Ari Kiev, M.D."",""caption-linebreaks"":""Using Visual Imagery in Trading by Ari Kiev, M.D.
This psychiatrist, who conducts seminars on the psychology of trading, discusses the use of visual imagery to maximize trading results.
Experience is governed by thoughts, especially those that occur with strong visual images. If you relax and close your eyes, thoughts and images will arise continually and naturally in your mind. Listen to the sounds from the machines and people in your environment. Now listen to the sounds beyond the room. Now listen to the sound of your breathing. Try to picture the source of the sounds. As you do this, notice that you can focus on only one sound and image at a time. Notice that you can shift your attention from one image to another and can also select an image on which to focus.
When you select an image, it becomes more distinct than the others, and conflicting images tend to fade into the background. Since you can choose the images you think about, you can improve the purpose and energy of your trading in that way simply by focusing your thoughts on powerful images of what you want to happen. In this way, you can overcome the restrictions of automatic thoughts and habits that limit you in your trading. These are thoughts such as, \""I'm on a losing streak\"", \""I'm going to get killed by a thunderbolt today\"",\""I can't seem to get on track\"", or any such negative thought that can color your market perceptions and sap your energy and confidence and capacity to trade profitably."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-11-484-486-using-visual-imagery-in-trading-by-ari-kiev-m-d-21.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-11-484-486-using-visual-imagery-in-trading-by-ari-kiev-m-d-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-11-484-486-using-visual-imagery-in-trading-by-ari-kiev-m-d-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c12-backto-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-12"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.12:12 (491-497): Back To Basics In Trading Stocks by Gregory J. Kuhn"",""caption-linebreaks"":""Back To Basics In Trading Stocks\nby Gregory J. Kuhn
Identifying the once or twice a year that the market is ready to embark on a very profitable move is the\nultimate quest of anyone trading stocks. But in this day and age of artificial intelligence, with neural\nnetworks and fuzzy logic, using something as low-tech as the basic technical tools to find such\nopportunities may seem, well, backward. Gaining insight into the market's future direction doesn't have\nto be that complex.
While many investors in late spring and early summer 1994 were perplexed over inflation worries,\nhigher interest rates and a falling dollar, the market was telling us these concerns were overblown.\nIndeed, it was telling us that a robust summer rally was about to unfold.\nHere's how combining sentiment with some basic technical analysis, such as breadth and price/volume\nanalysis along with some common sense and strict adherence to a trading methodology, allowed me to\nidentify an important market bottom and then trade it successfully from the long side."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-12-491-497-back-to-basics-in-trading-stocks-by-gregory-j-kuhn-20.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-12-491-497-back-to-basics-in-trading-stocks-by-gregory-j-kuhn-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-12-491-497-back-to-basics-in-trading-stocks-by-gregory-j-kuhn-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c12-sidebc-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-12"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.12:12 (491-497): SIDEBAR: CANSLIM."",""caption-linebreaks"":""CANSLIM
CANSLIM is the acronym for the seven criteria that William O'Neil determined were the most important\nin identifying winning stocks. These are the key characteristics that were present just prior to many of\nhistory's best-performing stocks:
C Current quarterly earnings per share: Should be accelerating.
A Annual earnings increases: Look for meaningful growth.\nNNew products, new management, new highs: Buy at the right time.
S Shares of common stock outstanding: Keep it small.
L Leader or laggard: Find an industry's leaders, not laggards.
I Institutional sponsorship: A little goes a long way.
M Market direction."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-12-491-497-sidebar-canslim-21.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-12-491-497-sidebar-canslim-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-12-491-497-sidebar-canslim-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c12-season-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-12"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.12:12 (498-500): Seasonal Tendencies For Range Expansion by K.D. Angle"",""caption-linebreaks"":""Seasonal Tendencies For Range Expansion\nby K.D. Angle
This STOCKS & COMMODITIES contributor identifies the seasonal tendency of the commodity markets on a\nmonthly basis and then compares the commodity market performance to a commodity fund manager's\nperformance index.
Is there any way to determine if there is an ideal time to start a trading program? The quick answer is\nno. Chance plays a much greater role in the near term and is a much smaller factor in the long term. But\nbecause it is impossible to predict what the markets will do in the future, it is also impossible to establish\na trading rule or policy that best determines when performance will be up or down.
This one question has remained unanswered through the years. However, when I became interested in\nvolatility in the early 1980s, I noticed that profitability was directly linked to range expansion. I quickly\nlearned that without range expansion, there are no trends of significant degree. Becoming curious, I\nbegan keeping data on individual market volatility and range expansion for all futures markets as an\naggregate statistic."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-12-498-500-seasonal-tendencies-for-range-expansion-by-k-d-angle-21.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-12-498-500-seasonal-tendencies-for-range-expansion-by-k-d-angle-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-12-498-500-seasonal-tendencies-for-range-expansion-by-k-d-angle-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c12-trading-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-12"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.12:12 (501-506): Trading Markets With Stochastics by Louis M. Lupo"",""caption-linebreaks"":""Trading Markets With Stochastics\nby Louis M. Lupo
There are many systems for trading these days, some of them good, some not. Here's a reliable pattern\nfor trading markets using stochastic.
Of the computerized trading systems and discretionary systems I have traded and developed, some\nneeded refinement, some needed reworking, and some were simply cannonfodder. However, one system\nthat has continued to perform in every hostile trading environment imaginable is the stochastic pattern\nrecognition system. Let me briefly discuss the theory behind the system and describe the parameters of\none particularly reliable stochastic pattern. I will then apply the parameters in a simple mechanical\nfashion.
STOCHASTIC PATTERN RECOGNITION THEORY
By its very design, the stochastic is a momentum indicator. All stochastics referred to here will be a\n14-bar close, slow stochastic with a three-bar smoothing. The stochastic, as opposed to other momentum\noscillators, measures the location of the most recent market price in relation to the highest and lowest\nprices within the last 14 bars, not the price 14 bars earlier."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-12-501-506-trading-markets-with-stochastics-by-louis-m-lupo-21.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-12-501-506-trading-markets-with-stochastics-by-louis-m-lupo-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-12-501-506-trading-markets-with-stochastics-by-louis-m-lupo-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c12-three-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-12"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.12:12 (507-510): Three Market Timing Strategies by Daniel J. Traub"",""caption-linebreaks"":""Three Market Timing Strategies\nby Daniel J. Traub
Does market timing work? It depends on how you measure the results, according to this market timer.\nHere are three simple market timing strategies to help you understand the basics of market timing.
Market timing may be the fastest-growing investment strategy of the 1990s. In 1993, Society of Asset\nAllocators and Fund Timers (SAAFTI) members reported growth rates in managed assets ranging from\n25% to more than 200%. Driving that growth has been increasing awareness and visibility of professional\nmarket timers, a continuing assault on the efficient market hypothesis and general investor uncertainty.\nToday's investor faces a classic catch-22; since the last bear market in summer 1990, the best returns have\ncome from the stock and bond markets. Yet bear markets exist and their impact over the years has\nresulted in the buy-and-hold investor spending more than 60% of the market's gains just making up lost\nground.
Does market timing work? The answer may depend on how you measure the results. Market timers\ntypically measure results on a risk-adjusted basis (excess return of a portfolio given the level of risk\nassumed). A SAAFTI study of 25 investment advisors managing client assets with timing strategies\nindicated that the advisors were successful in producing superior risk-adjusted returns. Market timers\nregularly lead the rankings of investment advisors, particularly in the low-risk category."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-12-507-510-three-market-timing-strategies-by-daniel-j-traub-21.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-12-507-510-three-market-timing-strategies-by-daniel-j-traub-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-12-507-510-three-market-timing-strategies-by-daniel-j-traub-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c12-mauthe-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-12"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.12:12 (511-517): Peter Mauthe Of Core Asset Management by Thom Hartle"",""caption-linebreaks"":""The Value Of Valuation
Peter Mauthe Of Core Asset Management
Money management is simply a process of identifying what to own and when. While there are a number\nof ways to do so, one unique way is the work of Core Asset Management's Peter Mauthe. STOCKS &\nCOMMODITIE S Editor Thom Hartle interviewed Mauthe via telephone interview on September 22, 1994,\nasking him, among other questions, about how he views the markets and what his management\ntechniques a re based on.
By using mutual funds, we can make very quick, very cost-effective moves in our portfolio. We can\nmove from large-cap stocks to small-cap stocks, or from government bonds to corporate bonds, and we\ncan make very clean, precise calculations for asset allocation. we can alter the portfolio from 60% to\nmaybe 47% of one asset with a single transaction, as opposed to having to adjust positions in 20 or 30\nor 40 stocks in an investor's portfolio. -- Peter Mauthe"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-12-511-517-peter-mauthe-of-core-asset-management-by-thom-hartle-20.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-12-511-517-peter-mauthe-of-core-asset-management-by-thom-hartle-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-12-511-517-peter-mauthe-of-core-asset-management-by-thom-hartle-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c12-warrior-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-12"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.12:12 (518-520): The Warrior's Discipline Of Trading by Richard D. McCall"",""caption-linebreaks"":""The Warrior's Discipline Of Trading\nby Richard D. McCall
This occupational psychologist and a master of martial arts compares the disciplines that traders need in\norder to trade effectively with the disciplines of the samurai.
When was the last time you were in a fight? Think about it. Did you think back to a long-forgotten\npush-and-shove incident at some tavern when you were in college? Or did you think of some military\ncampaign you served in? These combative recollections are likely to arise in the minds of most readers\ncontemplating the question. But such answers would be inaccurate. In all likelihood, it is quite possible\nthat the last fight you were involved in was as recent as yesterday or perhaps even today. It might have\neven been in the last few minutes. Surprised? You wouldn't be if you were to examine the history and\noriginal meaning of the words fight and war."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-12-518-520-the-warrior-s-discipline-of-trading-by-richard-d-mccall-21.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-12-518-520-the-warrior-s-discipline-of-trading-by-richard-d-mccall-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-12-518-520-the-warrior-s-discipline-of-trading-by-richard-d-mccall-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c12-priceos-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-12"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.12:12 (521-524): The Price Oscillator by Bruce R. Faber"",""caption-linebreaks"":""The Price Oscillator\nby Bruce R. Faber
What is this indicator and how can it be used? For neophytes to learn and seasoned traders who want to\nrefresh their memories, check this out.
The price oscillator. Don't let the fancy name throw you. Simply, this tool is the difference\nbetween two moving averages. The price oscillator can be constructed using either points difference or\npercentage difference. You can use either simple or exponential moving averages. By plotting the graph\nof the difference, you are observing the moving average with the longer duration as a straight line. The\nmovement of the short moving average in relation to the longer moving average is then plotted above or\nbelow the straight line. Plotted as a separate indicator, it becomes much easier to see. The distance above\nor below the line, the crossing points and the information that can be provided by either chart are exactly\nthe same.
The basic use of the price oscillator is a buy signal that is generated when the shorter moving average\ncrosses from below to above the zero line (which is the longer moving average). When it crosses through\nthe zero line from top to bottom, it is time to sell. The actual crossing points of the two averages are fairly\neasy to see on any chart that generates moving averages, but with the use of the price oscillator, diverging\nor converging trends between the averages become clearly and immediately obvious. Most software\nprograms include this indicator."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-12-521-524-the-price-oscillator-by-bruce-r-faber-21.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-12-521-524-the-price-oscillator-by-bruce-r-faber-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-12-521-524-the-price-oscillator-by-bruce-r-faber-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c12-person-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-12"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.12:12 (525-530): A Personal Neural Net Trading System by James Stakelum"",""caption-linebreaks"":""A Personal Neural Net Trading System\nby James Stakelum
What goes through the mind of someone developing a neural network trading system? What are the steps\ninvolved in putting together something that mimics the mystery of the human mind? Here are some clues.
Neural networks are a promising technology for quantifying the probabilities of rewards and risks in\ntrading the global financial markets today. Although excellent neural network software products are\nabundant and available for the trader, I chose to design and program my own and then use my neural\nnetwork software as the foundation for a unique, well-conceived trading system. I decided to undertake\nsuch an effort to gain an intimate understanding of neural network technology and to be able to\ncustomize my neural network software to operate exactly the way I wanted it to. For those interested in\nusing a neural net to produce trading recommendations, here's some insight into the issues involved in\nworking with this technology as a tool for trading the markets.
In this, the first of two parts, I present a definition of a neural network, a description of optimization\nmethods and a discussion of how the neural network software I designed works. Next time, I will present\na detailed description of how my neural network functions, including how to preprocess data and how to\nuse probabilities in the system I created to produce market buy and sell recommendations."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-12-525-530-a-personal-neural-net-trading-system-by-james-stakelum-21.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-12-525-530-a-personal-neural-net-trading-system-by-james-stakelum-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-12-525-530-a-personal-neural-net-trading-system-by-james-stakelum-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c12-stress-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-12"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.12:12 (531-533): Stress and Trading Success by Ari Kiev, M.D., J.D."",""caption-linebreaks"":""Stress and Trading Success\nby Ari Kiev, M.D., J.D.
First-time STOCKS & COMMODITIES contributor Ari Kiev, who is president of the Social Psychiatry\nResearch Institute, discusses the role that stress plays in trading success and failure.
Stress is a natural response to an event with uncertain results. The response to stress increases alertness\nto stimuli and enhances performance when associated with an increased flow of adrenaline. The stress\nresponse prepares you physically and psychologically for trading by increasing the blood flow to the\nbrain and increasing your capacity for memory retrieval and focused attention. At times, however, the\ninhibitions, fears and fantasies also associated with the stress response can be the biggest obstacles to\ntrading successfully.
RESPONSES TO STRESS
Stress responses aren't necessarily negative. An optimum stress response can help you get ready to trade,\nand it can also increase your ability to handle complex situations in which stocks are moving in\nunpredictable patterns. The optimum stress response may also be useful in enhancing your ability to\nconcentrate when you are distracted by events or by your own thoughts. It can help you focus on the tape,\nthink about your own internal trading signals, and maintain your own pace and trading strategy in the face\nof conflicting signals."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-12-531-533-stress-and-trading-success-by-ari-kiev-m-d-j-d-21.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-12-531-533-stress-and-trading-success-by-ari-kiev-m-d-j-d-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-12-531-533-stress-and-trading-success-by-ari-kiev-m-d-j-d-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c12-hybrid-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-12"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.12:12 (534-534): Create A Hybrid Indicator by Jim Ritter"",""caption-linebreaks"":""Create A Hybrid Indicator\nby Jim Ritter
Interested in creating an indicator with a little bit of this from one kind of indicator and a little bit of that\nfrom another? Well, you're in luck. This may be your solution.
Technical indicators are tools, and just like hammers, screwdrivers and pliers, everyone has about the\nsame basic selection to choose from. That having been said, have you ever found yourself in a situation in\nwhich you need a unique tool that isn't in your toolbox? It's not a new situation, and it' s not limited to the\nworld of carpentry and construction; it can occur in technical analysis as well. But it doesn't mean you' re\nstuck. You just ha ve to get a little creative.
For the sake of this discussion, let's assume that you're fond of stochastics and the relative streng th index\n(RSI). Both are overbought/oversold oscillators. They are different in that RSI is based only on the close\nwhile the stochastics oscillator use s high, low and close. However, it may be tha t neither indicator\nperforms exactly to your specification and satisfaction. It's quite possible that you could predicate your\ntrading rules on both indicators reaching ta rget values at the same time -- that is, RSI less than 20 and\nstochastics less than 30. These are generally accepted signal levels, but for both to occur simultaneously\nis not particularly likely."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-12-534-534-create-a-hybrid-indicator-by-jim-ritter-20.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-12-534-534-create-a-hybrid-indicator-by-jim-ritter-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-12-534-534-create-a-hybrid-indicator-by-jim-ritter-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c02-evoluti-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.12:2 (51-56): Evolution of a Timing Model by Nelson Freeburg"",""caption-linebreaks"":""Evolution of a Timing Model by Nelson Freeburg
How does a trading model evolve? Formula Research newsletter publisher Nelson Freeburg discusses the evolution of a trading model and explains such concepts as out-of-sample testing, parameter sensitivity testing and the inclusion of nonprice indicators for timing trades.
Many come to trading and investment with high expectations. In my case, the markets soon made\nclear the limitations of my intuitive trading skills. There are talented traders who can sense an impending\nmarket move, adjust for risk and enter with a properly scaled commitment, all with instinctive finesse.\nFor me, hard experience in the stock, options and commodity markets told me I was not so blessed.
For those who lack fine trading instincts, mechanical timing systems are a ready alternative. Here, the\nbuy and sell signals are clear and precise. A structured algorithm dictates market action, not a fleeting\ninsight that is subject to emotion. Trading rules can be tested over a broad sample of the data, noting how\nperformance varies through different market cycles. Not only that, the track record is objective, not\nanecdotal. Everyone who tests the system will get the same results, a big plus.
The chief problem with mechanical trading systems is uncertain future reliability. Timing methods that\ntest well in theory may break down in practice. Trading systems can be so elaborately patterned on the\npast that they no longer work in real time. The fact is, a determined signal jockey can methodically tweak\na system to generate almost any desired result. Such curve-fitting is self-defeating. By overoptimizing to\na narrow range of market conditions, poor results in actual trading are all but assured."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-2-51-56-evolution-of-a-timing-model-by-nelson-freeburg-20.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-2-51-56-evolution-of-a-timing-model-by-nelson-freeburg-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-2-51-56-evolution-of-a-timing-model-by-nelson-freeburg-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c02-inflati-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.12:2 (57-59): The Inflation/Deflation Phases Of The Stock Market Cycle by Martin J. Pring"",""caption-linebreaks"":""The Inflation/Deflation Phases Of The Stock Market Cycle by Martin J. Pring
Veteran analyst Martin J. Pring explains how the commonly known four-year stock market cycle actually contains lesser- known inflation/deflation phases, the knowledge of which would be very advantageous for asset allocation.
Many stock market participants are aware of the so-called four-year stock market cycle, which\nencompasses primary bull and bear markets. However, it is not commonly known that each cycle can be\nroughly divided into an inflationary phase and a deflationary phase — an important distinction for asset\nallocation.
In the deflationary stage, interest-sensitive and other defensive issues outperform the market, while in the\ninflationary stage, earnings-driven issues and inflation beneficiaries, such as natural resource producers,\ndo well. The deflation phase begins after commodity prices peak and recessionary conditions gain the\nupper hand. The inflationary segment gets under way as excess economic capacity is used up, commodity\nprices rally and interest rates bottom out. The deflationary phase is associated with the late stages of a\nbear market and the early to middle part of a bull market, whereas the inflationary environment occurs\nlate in the bull market and at the beginning of the bear phase.
Not all stocks fit into these inflationary and deflationary classifications, however, so this principle cannot\nbe applied universally. However, knowledge of the current phase of the inflation/deflation relationship\ncan still be useful for assessing the maturity of a bull or bear market."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-2-57-59-the-inflation-deflation-phases-of-the-stock-market-cycle-by-martin-j-pring-20.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-2-57-59-the-inflation-deflation-phases-of-the-stock-market-cycle-by-martin-j-pring-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-2-57-59-the-inflation-deflation-phases-of-the-stock-market-cycle-by-martin-j-pring-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c02-neuroli-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.12:2 (60-64): Neuro-Linguistic Programmer Charles Faulkner by Thom Hartle"",""caption-linebreaks"":""Neuro-Linguistic Programmer Charles Faulkner by Thom Hartle
Whether you interpret the acronym NLP as Neuro-Linguistic Programming or natural learning process, the cognitive process of trading is what Charles Faulkner, of Chicago-based Mental Edge Trading Associates and a certified Neuro-Linguistic Programming trainer, studies. One aspect of Neuro-Linguistic Programming is a technique for overcoming mental impediments to success. A trader himself, Faulkner has studied successful traders extensively. By modeling the mindsets of successful traders, Faulkner seeks to help other traders follow those same successful patterns and help them manage their emotional states when trading. Faulkner shares his insights on applying successful trading skills.
How did you get started with NLP and trading?
When I was in college, I was part of an independent research team trying to discover if there was any\nrelationship between language and beliefs. We were making some headway in the study by having the\nvolunteers ask particular questions of the callers to a crisis line.
And this was early preparation for Neuro-Linguistic programming?
Yes. Several years later, when someone dropped an early N LP book into my lap, I already knew what they\nwere on to! I had been doing research independently with other people in the same area, the difference\nbeing that we knew something was there but we couldn't crack the code. Richard Bandler and John\nGrinder, on the other hand, had. I dropped what I was doing and went deeply into NLP training. That was\n1981 and I've been involved ever since.
What was it specifically that drew you toward the study of Neuro-Linguistic Programming?
I got into NLP because I was interested in modeling — specifically, modeling human excellence. That's\nwhat interested me most. I wanted to understand the structure of excellence and how you could transfer it\nfrom one person to another."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-2-60-64-neuro-linguistic-programmer-charles-faulkner-by-thom-hartle-20.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-2-60-64-neuro-linguistic-programmer-charles-faulkner-by-thom-hartle-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-2-60-64-neuro-linguistic-programmer-charles-faulkner-by-thom-hartle-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c02-lattice-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.12:2 (65-69): Lattice Trees by Tushar S. Chande, Ph.D."",""caption-linebreaks"":""Lattice Trees by Tushar S. Chande, Ph.D.
The lattice approach to option pricing is used to build a tree, so to speak, of futures prices. The price tree can be recomputed intraday to update the expected price range. These dynamic trees can be used for risk control via price simulations and can also be used for trading. Here, we apply the various uses of lattice (or dynamic) trees to estimate prices for the Standard & Poor's 500.
Option prices can be calculated by any number of sophisticated mathematical models. All such models\nmake certain assumptions about the underlying security's price behavior, and these models must also\nprice the underlying stock before pricing the option. Thus, we can use these models to find price\nestimates that may be useful for trading.
A price index can be treated as a stock that pays dividends continuously. Therefore, options on stock\nindices and stock index futures can be priced using these assumptions. Mathematical models that price\noptions on futures must first calculate the futures price. We will examine one such model to estimate\nprices for the Standard & Poor's 500 futures contract and then discuss how this approach can be used for\ntrading and risk control."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-2-65-69-lattice-trees-by-tushar-s-chande-ph-d-20.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-2-65-69-lattice-trees-by-tushar-s-chande-ph-d-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-2-65-69-lattice-trees-by-tushar-s-chande-ph-d-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c02-bondsvs-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.12:2 (70-71): Bonds vs. Stocks: A Historical View by Tim Hayes"",""caption-linebreaks"":""Bonds Vs. Stocks: A Historical View by Tom Hayes
Relative value is a familiar buzzword when it comes to comparing bonds and stocks. But is it accurate? There are criteria that must be specified for comparisons, as Tim Hayes of Ned Davis Research Inc. points out; for one, the time periods the comparisons are drawn from.
So what's a better value, stocks or bonds? This common question is often answered by comparing\nrelative yields. When bond yields are high relative to stock yields, they can be expected to eventually\ndrop back toward a more normal level relative to the stock yields. Thus, bonds can be considered a\nrelatively good value when bond yields are judged as being too rich and poised to drop.
But a significant question must be answered when such comparisons are made: What's the norm? In\nrecent years, comparisons have been made using data starting in the early 1960s. Using Moody's Aaa\nbond yields to represent the bond yield and the Standard & Poor's 500 earnings yield to represent the\nstock yield, the mean bond yield to stock yield ratio since December 1959 has been 1.14 (Figure 1). With\nthe current ratio at 1.60 as of October 1993, an argument could be made that bonds are close to losing\ntheir valuation advantage."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-2-70-71-bonds-vs-stocks-a-historical-view-by-tim-hayes-20.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-2-70-71-bonds-vs-stocks-a-historical-view-by-tim-hayes-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-2-70-71-bonds-vs-stocks-a-historical-view-by-tim-hayes-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c02-sidebc-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.12:2 (72-80): SIDEBAR: Calculating DEMA2 AND THE MACD by Technical Analysis, Inc."",""caption-linebreaks"":""Calculating DEMA2 AND THE MACD by Technical Analysis, Inc.
This Excel spreadsheet (sidebar Figure 3) presents the DEMA2 along with the MACD using DEMA2 as the\nsmoothing filters. Column B (labeled X value) is the time t. This column could be elsewhere, as the\nvalues are not needed after the EMAs are initialized using a linear regression. Coulmn C is the weekly\nclosing price for NASDAQ. The first linear regression is calculated in cells J2 and K2."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-2-72-80-sidebar-calculating-dema2-and-the-macd-by-technical-analysis-inc-20.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-2-72-80-sidebar-calculating-dema2-and-the-macd-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-2-72-80-sidebar-calculating-dema2-and-the-macd-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c02-sidebcb-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.12:2 (72-80): SIDEBAR: CALCULATING TEMA1 AND DEMA1 by Technical Analysis, Inc."",""caption-linebreaks"":""CALCULATING TEMA1 AND DEMA1 by Technical Analysis, Inc.
These Excel spreadsheets (sidebar Figures 1 and 2) present the calculation of TEMA1 (column H) and\nDEMA1 (column N). TEMA1 uses a multiple linear regression over a 52-week period of closing prices to\ncalculate the coefficients a2, a1 and a0 in cells I2, J2 and K2, respectively. The weekly closing price for\nNASDAQ is in column B. Column C has the values for X (representing the value t) and column D is X^2\n(representing t^2) for the regression formula."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-2-72-80-sidebar-calculating-tema1-and-dema1-by-technical-analysis-inc-20.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-2-72-80-sidebar-calculating-tema1-and-dema1-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-2-72-80-sidebar-calculating-tema1-and-dema1-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c02-sidebm-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.12:2 (72-80): SIDEBAR: METASTOCK IMPLEMENTATION OF TEMA1 AND MACD-TEMA1 by Technical Analysis, Inc."",""caption-linebreaks"":""METASTOCK IMPLEMENTATION OF TEMA1 AND MACD-TEMA1 by Technical Analysis, Inc.
The TEMA1 moving average and the MACD-TEMA1 can be implemented in MetaStock version 3.x using\nthe custom formulas. The period for the example TEMA1 below was chosen as 26; however, this is\nuser-selectable. As stated, the DEMA2 formula, unfortunately, cannot be implemented in MetaStock\nbecause of its interrecursive nature."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-2-72-80-sidebar-metastock-implementation-of-tema1-and-macd-tema1-by-technical-analysis-inc-20.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-2-72-80-sidebar-metastock-implementation-of-tema1-and-macd-tema1-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-2-72-80-sidebar-metastock-implementation-of-tema1-and-macd-tema1-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c02-smoothi-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.12:2 (72-80): Smoothing Data With Less Lag by Patrick G. Mulloy"",""caption-linebreaks"":""Smoothing Data With Less Lag by Patrick G. Mulloy
Last time, Mulloy discussed basic moving averages, introduced a new filter called DEMA1 and demonstrated a method with which to utilize exponential moving averages. Mulloy also explained how this new filter could be used in the moving average convergence/divergence (MACD) indicator. Now, Mulloy summarizes with more filtering techniques for the MACD and trading the Nasdaq.
Two opposing properties are always at work in the standard moving average smoothing used in technical\nanalysis, increasing the moving average (MA) length to cull more random fluctuations but in so doing\nthereby increasing the lag between the MA and the data. In my first article, I discussed the industry\nstandards, the simple moving average (SMA, which is a straightforward moving mean of the data) and the\nfaster-responding exponential moving average (EMA). Both the SMA and the EMA smoothing indicators\nhave the same lag in the steady state long term, which is:
(1 - a)/a
where a = 2/(w+1) and w is the moving average period. In terms of the MA period w, the lag is:
(w-1)/2
A new exponential moving average called DEMA1 was introduced in the previous article, which\neliminated this lag for the steady state (see sidebar “Calculating TEMA1 and DEMA1”).\nNow, here are two other moving averages. One is known as TEMA1, which is an extension of the multiple\nsmoothing technique using single, double and triple EMAs, while the other is a subset of a modification of\nthe double-smoothing technique to include a second smoothing constant to smooth the trend of the data\nmodel, which I call DEMA2."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-2-72-80-smoothing-data-with-less-lag-by-patrick-g-mulloy-20.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-2-72-80-smoothing-data-with-less-lag-by-patrick-g-mulloy-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-2-72-80-smoothing-data-with-less-lag-by-patrick-g-mulloy-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c02-sidebf-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.12:2 (81-85): SIDEBAR: FORMULAS by Technical Analysis, Inc."",""caption-linebreaks"":""FORMULAS by Technical Analysis, Inc.
COMPUTRAC TRADE PLAN
Thomas Aspray supplied the following trade plan for the MACD histogram and MACD momentum\noscillator. His current trade plan no longer includes the three-unit smoothing of the MACD momentum\noscillator that was part of the original calculation."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-2-81-85-sidebar-formulas-by-technical-analysis-inc-20.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-2-81-85-sidebar-formulas-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-2-81-85-sidebar-formulas-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c02-macdmom-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.12:2 (81-85): The MACD Momentum Oscillator by Barbara Star, Ph.D."",""caption-linebreaks"":""The MACD Momentum Oscillator by Barbara Star, Ph.D.
The moving average convergence/divergence (MACD) is one of the most popular indicators around. Here, Barbara Star reviews and updates ways to use it.
At present, virtually every charting software package contains Gerald Appel's moving average\nconvergence/divergence (MACD) indicator. The indicator is composed of two lines: the MACD line, which\nis the difference between two exponential moving averages (usually a 12- and 26-period EMA), and the\nsignal line or trigger, which is an exponentially smoothed moving average, usually a nine-period EMA, of\nthe MACD line often displayed as a dotted line. When the MACD line and the trigger line cross, a potential\nchange in trend is signaled (Figure 1). Thomas Aspray provided a variation on the MACD for trading\nstocks and commodities in STOCKS & COMMODITIES articles in 1988.
While experimenting with the MACD, Aspray found that its signals often lagged when used with weekly\ndata, causing late entries or exits. He also discovered that an MACD based on a shorter-length EMA was\nmore responsive to price turns than the original 12- and 26-period EMA. Like most traders, however,\nAspray wanted more than an indicator that caught trend changes; he wanted one that could anticipate\npotential changes in MACD turning points.
To achieve that goal, the MACD required two modifications. First, an MACD histogram was required. A\nhistogram is a line style that reflects changes in the indicator as individual vertical lines above and below\na zero point. It is often easier to see changes develop when using a histogram instead of the usual solid\nline style.
The MACD histogram, however, is more than a visual change in line style; it measures the difference (or space) between the MACD line and the trigger line. For his MACD histogram, Aspray began with the\ndifference between a 10- and 20-period exponentially smoothed moving average to produce the MACD\nline. He then calculated the difference between that MACD line value and a 10-period exponentially\nsmoothed moving average (the trigger line) of the MACD line to obtain the histogram value that is plotted\nusing a histogram line style."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-2-81-85-the-macd-momentum-oscillator-by-barbara-star-ph-d-20.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-2-81-85-the-macd-momentum-oscillator-by-barbara-star-ph-d-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-2-81-85-the-macd-momentum-oscillator-by-barbara-star-ph-d-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c02-sidebq-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.12:2 (86-88): SIDEBAR: 20 QUESTIONS ABOUT GAMBLING (TRADING) BEHAVIOR by Technical Analysis, Inc."",""caption-linebreaks"":""20 QUESTIONS ABOUT GAMBLING (TRADING) BEHAVIOR by Technical Analysis, Inc.
In 1980, Gamblers Anonymous in Los Angeles published a list of 20 questions about gambling behavior.\nI took the liberty of inserting the word trading to help you translate your answer to your own trading."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-2-86-88-sidebar-20-questions-about-gambling-trading-behavior-by-technical-analysis-inc-20.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-2-86-88-sidebar-20-questions-about-gambling-trading-behavior-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-2-86-88-sidebar-20-questions-about-gambling-trading-behavior-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c02-gamblin-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-2"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.12:2 (86-88): Trading And Gambling by Ruth Roosevelt"",""caption-linebreaks"":""Trading And Gambling by Ruth Roosevelt
Gambling is an ancient behavior. Humans have wagered on the outcomes of chance events since prehistoric times. Ruth Roosevelt, director of the Wall Street Hypnosis Center, explains how trading and gambling have certain characteristics in common and how not to let them become examples of problem behavior.
Gambling is an old and universal behavior, and with it comes problem gambling. History abounds\nwith examples of problem gambling. The inability to control the impulse to gamble and to continue to do\nso despite the amount of money won or lost has existed for a very long time.
We've all known traders who at one time or another experience a trading loss and try frantically to recoup\nthat loss by increasing the size and frequency of their trading. And we've known traders who after a large\nwin will trade carelessly or excessively until they lose their winnings. This behavior is classic with\nproblem gamblers. Pathological gamblers, however, often scramble to get additional funds to keep\ngambling. They may borrow, lie or even steal to keep gambling."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-2-86-88-trading-and-gambling-by-ruth-roosevelt-20.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-2-86-88-trading-and-gambling-by-ruth-roosevelt-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-2-86-88-trading-and-gambling-by-ruth-roosevelt-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c03-sidebe-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-3"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.12:3 (106-111): SIDEBAR: THE ELLIOTT WAVE by Technical Analysis, Inc."",""caption-linebreaks"":""THE ELLIOTT WAVE by Technical Analysis, Inc.
The Elliott wave principle is a method for classifying and forecasting market movement. The basic tenet\nis that markets move in a five-wave pattern in the direction of the trend. Once the five waves have been\ncompleted, the market will move counter to the trend in a three-wave pattern. For example, in Figure 1\nthe trend is up and there are five waves labeled waves 1, 2, 3, 4 and 5. Waves 1, 3 and 5 are called\nimpulse waves. Waves 2 and 4 are corrective waves, moving counter to the preceding waves. Once a\nfive-wave movement is complete, the market will move in a countertrend fashion with a three-wave\ncorrective movement labeled a, b and c.
Each wave, both impulse and corrective, is subdivided into waves of a smaller degree. In Figure 2, the\nsame wave pattern as Figure 1 is presented with the waves subdivided. Notice that impulse waves 1, 3\nand 5 are composed of waves of a five-wave form and waves 2 and 4 are of a three-wave nature. A\ncomplete cycle occurs once the five-wave moment followed by the three-wave corrective are complete.\nThis cycle represents a subdivision of the wave of the next higher degree. Thus, waves can be subdivided\ninto waves of a lower degree or expanded into waves of a higher degree."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-3-106-111-sidebar-the-elliott-wave-by-technical-analysis-inc-20.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-3-106-111-sidebar-the-elliott-wave-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-3-106-111-sidebar-the-elliott-wave-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c03-yen-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-3"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.12:3 (106-111): Trading The Yen by Linda Satterfield"",""caption-linebreaks"":""Do you feel frustrated sometimes in your trading and wish you could get a blow-by-blow of what someone else is doing? Well, here's Linda Satterfield to take Stocks & Commodities readers through a series of trades she executed in the September 1994 yen futures market and how it turned out. By Linda Satterfield"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-3-106-111-trading-the-yen-by-linda-satterfield-21.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-3-106-111-trading-the-yen-by-linda-satterfield-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-3-106-111-trading-the-yen-by-linda-satterfield-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c03-advance-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-3"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.12:3 (112-115): Advance-Decline Line Basics by Daniel E. Downing"",""caption-linebreaks"":""Advance-Decline Line Basics by Daniel E. Downing
It never hurts to refresh your memory on the basics. Here's a primer on following the advance-decline line for the stock market.
A stock investor who has just begun to analyze the stock market using technical analysis will\ninvariably look at the advance-decline line. There are solid reasons for doing so, for the advance-decline\nline is a useful indicator not only for the stock market, but also for numerous other markets. The\nadvance-decline line analysis package is multidimensional in that aspect. The daily advance-decline line\nis the most commonly used. To demonstrate, we'll use daily data from the New York Stock Exchange\n(NYSE), but daily data from the NASDAQ Composite or the American Stock Exchange (ASE) could be used\njust as easily.
The advance-decline line analysis package consists of four moving averages, an oscillator, a momentum\nindicator and a simple line chart. By constructing these tools and understanding how they interact, you\nwill have a tremendous tool for obtaining information from the daily advance-decline statistics.
BREADTH FOR KNOWLEDGE
A technician looks at breadth statistics because breadth is a good measure of demand or the lack of\nthereof. For example, many stocks rising indicates that there is widespread demand for equities.\nWidespread demand, in turn, means potentially large money flows into equities. Likewise, if few stocks\nare advancing, then the balance favors money flowing out of the equity markets. So advance-decline data\ncan be an indication of supply and demand factors. Price action gives you one dimension of market\nactivity, which might be pictured as a vertical line. Breadth gives you another dimension of that image,\nwhich you might picture as a horizontal line. By using the two in tandem, you have a two-dimensional\nimage that will impart more information about the internal technical state of the market."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-3-112-115-advance-decline-line-basics-by-daniel-e-downing-21.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-3-112-115-advance-decline-line-basics-by-daniel-e-downing-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-3-112-115-advance-decline-line-basics-by-daniel-e-downing-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c03-sidebc-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-3"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.12:3 (116-120): SIDEBAR: THE CANDLESTICK METHOD by Technical Analysis, Inc."",""caption-linebreaks"":""THE CANDLESTICK METHOD by Technical Analysis, Inc."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-3-116-120-sidebar-the-candlestick-method-by-technical-analysis-inc-20.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-3-116-120-sidebar-the-candlestick-method-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-3-116-120-sidebar-the-candlestick-method-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c03-candles-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-3"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.12:3 (116-120): Using Candlesticks And Oscillators by Gary S. Wagner and Bradley L. Matheny"",""caption-linebreaks"":""Using Candlesticks And Oscillators by Gary S. Wagner and Bradley L. Matheny
Blending East with West, candlesticks with Western trading techniques and using the computer to boot: Combine candlesticks with oscillators.
Candlestick charting has come a long way since Steve Nison introduced the Japanese technique to the\nWestern hemisphere in the early 1990s. While its early popularity in the US had all the earmarks of a fad,\nit is no longer considered simply to be a fashionable way in which to view data; it has instead become a\nviable and important tool for the trader who previously only used traditional Western trading methods.\nCandlestick charting can be used effectively by incorporating the method with a strategy using Western\ntechnical analysis. Examining all this information can be a complex and challenging one, so the use of a\ncomputer is a perfect solution to the complicated steps necessary."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-3-116-120-using-candlesticks-and-oscillators-by-gary-s-wagner-and-bradley-l-matheny-20.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-3-116-120-using-candlesticks-and-oscillators-by-gary-s-wagner-and-bradley-l-matheny-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-3-116-120-using-candlesticks-and-oscillators-by-gary-s-wagner-and-bradley-l-matheny-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c03-optimal-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-3"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.12:3 (121-124): Optimal Window Length For Forecasting by A. Denis Ridley, Ph.D."",""caption-linebreaks"":""Optimal Window Length For Forecasting by A. Denis Ridley, Ph.D.
As a rule, the financial markets are complex and difficult to analyze, due to multiple cyclical elements\npresent in the related data. The moving window spectral (Mws) method of analysis and forecasting\ndecomposes the data into a spectrum of cyclical components; this is important because each cyclical\ncomponent can be evolving over time, in its own unique way. Both the magnitude and phase of each\ncycle may change independently. To determine how each component is changing, a window with a fixed\nlength of time is moved along the data. At each data point, each cycle is examined and recorded as an\nobservation. From this data, the way in which each cycle evolves may be calculated. Then each\ncomponent is forecast separately. The component forecasts are then integrated to determine the final\nforecast.
To accomplish all this, what is the best window length? To determine the optimum, we will use the Dow\nJones Industrial Average (DJIA). The same principles can also be applied to other stock market prices and\nprice indices."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-3-121-124-optimal-window-length-for-forecasting-by-a-denis-ridley-ph-d-20.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-3-121-124-optimal-window-length-for-forecasting-by-a-denis-ridley-ph-d-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-3-121-124-optimal-window-length-for-forecasting-by-a-denis-ridley-ph-d-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c03-stops-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-3"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.12:3 (125-128): Using Stops To Your Advantage by William I. Greenspan"",""caption-linebreaks"":""Using Stops To Your Advantage by William I. Greenspan
Ever feel as though the locals on the floor of the exchange that you trade seem to know where you place your stop-loss orders? Professional traders know where stop-loss orders are, not because someone told them, but because the stops are always in the same place. Learn how a floor trader views the market, the price levels where stop orders will accumulate and how you can avoid being caught.
Is this scenario familiar? You're long Standard & Poor's 500 contracts with a realistic profit objective\nand your stop-loss order is in place near the bottom of the trading range. The market starts to break and\nfalls right to where your stop-loss order is located. Your broker promptly sells out your position — and\nthen the market goes right to your profit objective.
Do you suspect that your broker told his friends in the trading pit where the stop-loss orders are? Does it\nseem that you frequently buy the high or sell the low of a particular market move? Are you vacillating\nabout the wisdom of using stop-loss orders at all? Do the brokers tell the local traders where the stops\nare?"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-3-125-128-using-stops-to-your-advantage-by-william-i-greenspan-20.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-3-125-128-using-stops-to-your-advantage-by-william-i-greenspan-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-3-125-128-using-stops-to-your-advantage-by-william-i-greenspan-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c03-strateg-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-3"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.12:3 (129-131): Strategies For Overcoming Fear by Adrienne Laris Toghraie,"",""caption-linebreaks"":""Strategies For Overcoming Fear by Adrienne Laris Toghraie
How many times has fear blocked your way, whether in trading or otherwise? Worse still, did you know it? Neuro-linguistic programmer Adrienne Toghraie explains how you may be sabotaging your own trading and how you can disarm and conquer that internal saboteur.
Like most beginning traders, Joe had gone through the typical learning curve. At first, beginners' luck\nled him to believe that he was a market genius who had discovered a gold mine. Then, when his luck\ninevitably turned, Joe was humbled as the markets took back everything he had pulled out of them, and\nmore.
Still not coming to terms with market realities, Joe then decided that trading was a game. So he played\nthe market as though it were a roller coaster, allowing his emotions to soar when the market went up and\nplunge when the markets went down.
With his money nearly gone, Joe reached a turning point. He realized that he would either have to get out\nof the market or take the time to look at trading in a different way. He said to himself, “If others can\nmake it in the market, then so can I.” To his credit, Joe spent the next two years reading and studying the\nmarket. The result was a system he developed, tested and paper-traded.
Finally, Joe was ready. That was when trouble started. Just as his system would signal that a profitable\nopportunity had arrived, Joe would freeze, unable to pull the trigger despite the rules of his system.\nOvercome with frustration and the loss of his self-confidence, Joe would force himself to take any trade."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-3-129-131-strategies-for-overcoming-fear-by-adrienne-laris-toghraie-20.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-3-129-131-strategies-for-overcoming-fear-by-adrienne-laris-toghraie-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-3-129-131-strategies-for-overcoming-fear-by-adrienne-laris-toghraie-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c03-simulat-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-3"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.12:3 (91-97): Simulating Trading Portfolios by Ajay Jani"",""caption-linebreaks"":""Simulating Trading Portfolios by Ajay Jani
Trading commodities? Here are the steps to testing a trading system used for a portfolio of commodities. This article also discusses portfolio-level simulations, variable shift testing and money management.
A great deal of attention has been focused in recent years on the importance of having a thoroughly\nback-tested trading system, and for good reason. Only with thorough and conscientious testing can a\ntrader be assured of trading with a system that is profitable over time. Many software companies have\nrecently introduced programs that allow the user to input the rules of a trading system and then test the\nsystem over a number of commodities to determine its viability.
There are two purposes for this extensive back-testing. First, and more important, thorough back-testing\ncan determine if the concepts underlying the trading system are valid. For example, if your system shows\na profit of $30,000 in Treasury bonds but $24,000 of it came from a single trade, then you may want to\nthink twice before trading T-bonds with this system. A good software package will create a report\ndetailing the performance of your trading system and include number of trades, percentage of wins, ratio\nof wins to losses, largest drawdown, longest drawdown, largest loss, largest profit and so forth. Second,\nback-testing can generate confidence in the system being considered. If a user takes several days or even\nweeks to carefully analyze the results of his system, he or she will help create the sense of confidence\nnecessary to successfully trade it in real time. In a sense, the discipline of testing the trading system\nshould help foster the discipline necessary to trade."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-3-91-97-simulating-trading-portfolios-by-ajay-jani-20.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-3-91-97-simulating-trading-portfolios-by-ajay-jani-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-3-91-97-simulating-trading-portfolios-by-ajay-jani-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c03-gerald-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-3"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.12:3 (98-105): Gerald Appel, With Systems and Forecasts by Thom Hartle"",""caption-linebreaks"":""Gerald Appel, With Systems and Forecasts by Thom Hartle
Gerald Appel, a well-known name in the annals of technical analysis, not only publishes the Systems and Forecasts newsletter, he is also a money manager with $200 million under management. But he may be best known for something he considers relatively secondary in his accomplishments, for he is also the originator of the popular and enduring moving average convergence/divergence (MACD) indicator. Ironically, however, he doesn't understand what all the fuss is about with the MACD. So what does he feel is worth the fuss? Stocks & Commodities interviewed Gerald Appel to find out about the indicators he uses including the MACD and how he uses them.
Gerry, today you're a money manager and the publisher of an investment advisory newsletter, but\nobviously you didn't begin that way. How did you get started?
I started back in the mid-1960s, when I was investing and trading for myself. My investment education\ncame from my own research and subscribing to just about every advisory service I could get my hands\non. But my background was actually in psychotherapy, which I was practicing at the time.
Do you have a medical degree, then?
No, I have an MSW — a master's degree in social work. I completed a training program in psychoanalysis\nat the Theodore Reik Training Institute in New York. Anyway, I submitted various articles to magazines\nlike Money and a magazine called Free Enterprise. I'd been writing for Yale Hirsch's Stock Trader's\nAlmanac and Smart Money and as a result, I developed an audience. So in 1973 I decided to start my\ninvestment advisory letter, which has been in publication since. In addition, a number of my subscribers asked me if I would be interested in actually managing their capital, and I accepted. Eventually, that grew\ninto managing close to $200 million.
And you focused on technical analysis for monitoring and timing the stock market?
Pretty much so, with a particular emphasis on objectifying a timing signal, as opposed to treating\nsubjectively the various indicators that people use. There are many assumptions around the stock market\nabout the validity of technical indicators that don't test very well when subjected to statistical evaluation.\nThat really became my interest, developing technical methods and models that were objective, that could\nbe used in actual trading, especially mutual funds."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-3-98-105-gerald-appel-with-systems-and-forecasts-by-thom-hartle-20.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-3-98-105-gerald-appel-with-systems-and-forecasts-by-thom-hartle-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-3-98-105-gerald-appel-with-systems-and-forecasts-by-thom-hartle-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c04-optimiz-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.12:4 (135-145): Optimizing Momentum by Anthony W. Warren, Ph.D."",""caption-linebreaks"":""Optimizing Momentum by Anthony W. Warren, Ph.D.
Longtime readers may remember the body of written work from Stocks & Commodities contributor Anthony W. Warren during the early days of this magazine, in particular Fourier transform and triple exponential smoothing (TRIX). More recently, he has written about data filtering for trend channel analysis. This time, Warren explains how to identify the cyclical component to price data and tuning WAMI, a momentum indicator that he has designed, to indicate buy and sell points.
One of the oldest and most popular technical anal ysis methods is using a momentum indicator for\ntiming trades. Typically, momentum is measured either as a di fference between a current price and a past\nprice value or as a ratio of a current price and a past price. The former method measures the absolute rate\nof change of a market in dollars per period, whereas the latte r, the ratio, measures relative rate of change\nin percent per period. If data filters such as moving averages and e xponential moving averages in the\nmomentum indicator are used, then a number of momentum indicators are alread y in use: moving\naverage conve rgence/divergence, Herrick pa yoff index, price rate of change ( ROC), price oscillato r, triple\nexponential smoothing oscillator ( TRIX) and so forth.
These indicators are popular because momentum indicators will often identif y important market bottoms\nand tops. However, momentum indicators must be carefull y tuned to the market being anal yzed to avoid\nunprofitable trading. As a result of this caveat, momentum indicators are often used with other technical methods to improve trade reliability.
Here, we will introduce a cycle-based method for momentum trading that signals important market\nmoves but avoids unprofitable trades by optimal parameter tuning to the current market. This momentum\nmethod is a three-step process:
1. Identification of the most important cycle frequencies using Fourier (FFT) based spectrum analysis
2. Optimization of the Warren momentum indicator (WAMI) filter parameters to the identified market cycles
3. Application of the WAMI indicator and a trigger function to find important buy/sell trading points.
This process provides a practical method for selecting momentum parameters optimized to current\nmarket conditions. However, the method requires learning some advanced cycle analysis concepts and\nthe use of cycle-based tools to implement steps 1 and 2. Here, I will explain the cycle analysis concepts\nand the use of spreadsheet/technical analysis software to implement the first two steps. In another article,\nwe will demonstrate the full process by applying it to a number of diverse markets. The trading examples\nuse weekly data, but the method is easily modified to use hourly, daily, monthly or other sample intervals."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-4-135-145-optimizing-momentum-by-anthony-w-warren-ph-d-21.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-4-135-145-optimizing-momentum-by-anthony-w-warren-ph-d-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-4-135-145-optimizing-momentum-by-anthony-w-warren-ph-d-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c04-sidebc-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.12:4 (135-145): SIDEBAR: CYCLES, POWER AND PHASE by Technical Analysis, Inc."",""caption-linebreaks"":""CYCLES, POWER AND PHASE by Technical Analysis, Inc.
Cycle length is the term most traders use when they refer to cycles. For example, two cycles are plotted,\neach with two different cycle lengths in sidebar Figure 1. The first cycle has a length of 64 periods; that\nis, a complete cycle occurs every 64 observations. This period could be hours, days or weeks, depending\non what time domain you are working in. The second cycle plotted has a cycle length of 16 periods,\nmeaning a complete cycle occurs every 16 periods.
The frequency of a cycle is a measurement of change — that is, how much the cycle changes over a\nparticular time measurement. Frequency (F) is generally inversely proportional to the cycle length (L);\nthat is, F = 1/L. The first cycle in article Figure 1 has a frequency of 1/64 » 0.0156 and the second cycle\nhas a frequency of 1/16 = 0.0625. Converting cycle length to degrees is a simple matter."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-4-135-145-sidebar-cycles-power-and-phase-by-technical-analysis-inc-20.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-4-135-145-sidebar-cycles-power-and-phase-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-4-135-145-sidebar-cycles-power-and-phase-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c04-sidebd-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.12:4 (135-145): SIDEBAR: DERIVATION OF EQUATIONS FOR WAMI SPECTRUM by Technical Analysis, Inc."",""caption-linebreaks"":""DERIVATION OF EQUATIONS FOR WAMI SPECTRUM by Technical Analysis, Inc.
The equations here have been included for researchers who may want to study and modify WAMI. Simply,\nthe WAMI power and phase spectrum is obtained by using Z transform theory to obtain a WAMI transfer\nfunction and then evaluating filter response as a function of frequency."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-4-135-145-sidebar-derivation-of-equations-for-wami-spectrum-by-technical-analysis-inc-20.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-4-135-145-sidebar-derivation-of-equations-for-wami-spectrum-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-4-135-145-sidebar-derivation-of-equations-for-wami-spectrum-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c04-sidebw-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.12:4 (135-145): SIDEBAR: WAMI SPREADSHEET by Technical Analysis, Inc."",""caption-linebreaks"":""WAMI SPREADSHEET by Technical Analysis, Inc.
The spreadsheet (seen in sidebar Figure 5) provides a way to evaluate the WAMI power and phase\nspectrum as a function of the WAMI parameters L, M and N. The first column starting with A5 contains\nthe frequency values to be evaluated. Columns B, C, D, E, F, G and H are intermediate results needed to\ncreate the spectra, and columns I and J contain the power and phase spectra at each cycle frequency.
To set up the calculations, first, I input values into A2, B2, C2 and D2: These are the input parameters.\nThe value placed into A2 is the frequency increment. A value of 1.0 is more than adequate to obtain good\nfrequency resolution. If this value is changed to 2.0, then the effect of higher frequencies can be plotted.\nThen in B2, C2 and D2, I place trial values of M, L and N. I used the optimal values for the MTP data in\nthis example; that is, B2 = 5, C2 = 4 and D2 = 5."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-4-135-145-sidebar-wami-spreadsheet-by-technical-analysis-inc-20.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-4-135-145-sidebar-wami-spreadsheet-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-4-135-145-sidebar-wami-spreadsheet-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c04-preproc-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.12:4 (146-152): Preprocessing Data And Fast Fourier Transform by Thom Hartle"",""caption-linebreaks"":""Preprocessing Data And Fast Fourier Transform by Thom Hartle
Preprocessing data is a popular buzzterm today, but what is it and why do we do it? Well, here's an explanation of data preprocessing and a tutorial on using fast Fourier transforms (Fft). Ffts are used to measure the power and frequency of the cycles within data. As Stocks & Commodities Editor Thom Hartle explains, knowing the cyclical nature of your data can be very helpful for selecting parameters for your favorite indicators.
Every day, technicians process price data. If you use a moving average of the price, then you are\nsmoothing or reducing unwanted noise in the data to identify the trend. If you are using an oscillator such\nas the relative strength index (RSI), then you are removing the trend in the price to aid in identifying\npossible price extremes. Simply, processing data is mathematically transforming the data from one form\ninto another with the goal of amplifying the pertinent information for traders. Most often, the processed\ndata is then presented on a chart for generating trading signals in markets. In short, the price data has\nbeen preprocessed before the trader analyzes the data visually.
PREPROCESSING AND ANALYSIS
Preprocessing therefore implies that the data can be more accurately analyzed after it's been altered to\nsome extent. For most people, it is simply easier to look at an indicator and form a conclusion than to\nlook at the price data itself. Market data appears to have a random or noisy appearance, and processing\nthe data into another form can help reduce the noise. Occasionally, a technical indicator or tool has been"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-4-146-152-preprocessing-data-and-fast-fourier-transform-by-thom-hartle-20.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-4-146-152-preprocessing-data-and-fast-fourier-transform-by-thom-hartle-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-4-146-152-preprocessing-data-and-fast-fourier-transform-by-thom-hartle-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c04-sidebex-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.12:4 (146-152): SIDEBAR: EXCEL FAST FOURIER TRANSFORMS, DECEMBER COPPER DATA by Technical Analysis, Inc."",""caption-linebreaks"":""EXCEL FAST FOURIER TRANSFORMS, DECEMBER COPPER DATA by Technical Analysis, Inc.
Here is the layout for preprocessing data and running a fast Fourier transform (FFT) in Excel. Column A\nof the spreadsheet (sidebar Figure 8) is the date column. Our first date beginning with cell A4 is July 8,\n1993, and the last date is November 18, 1993. The total number of periods is 95, which is entered into\ncell B3. Column B represents the daily closing prices. Column C is a counter beginning with 1 and\nending with 95. This column is needed for other calculations. Column D is the trend calculation, the\nlinear least-squares regression line. This formula needs to be entered as an array (check your manual for\ninstructions) in cells D4 through D98."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-4-146-152-sidebar-excel-fast-fourier-transforms-december-copper-data-by-technical-analysis-inc-20.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-4-146-152-sidebar-excel-fast-fourier-transforms-december-copper-data-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-4-146-152-sidebar-excel-fast-fourier-transforms-december-copper-data-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c04-sidebff-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.12:4 (146-152): SIDEBAR: WHAT IS A FAST FOURIER TRANSFORM? by Technical Analysis, Inc."",""caption-linebreaks"":""WHAT IS A FAST FOURIER TRANSFORM? by Technical Analysis, Inc.
There is an intuitive appeal in the concept that cycles are apparent in price data. The cycles do not appear\nto be consistent, but more of a combination that are longer- and shorter-term cycles added together. This\ncreates a market of upward movements with countertrend declines and downward movements with\ncountertrend rallies.
Now look at an ideal example of this process. In sidebar Figure 1, the line labeled A+B+C is a composite\nor a summation of waves beginning with the trend (labeled C) and the two wave forms labeled A and B.\nIf we just look at one cycle of wave A, we can see that from point 1 to point 64 is one wave. The wave\nthen repeats itself over the next set of data points. If we look at wave B, we can see that this wave repeats\nitself five times from data point 1 to data point 64. So with respect to our 64-point time period, we can\nsay that wave A has a frequency of one cycle per 64 data points and wave B has a frequency of five\ncycles per 64 data points. The cycle length is the inverse of frequency. If the data points were days, then\nwave A's cycle length would be 64 days and wave B's would be 12.8 days (sidebar Figure 2)."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-4-146-152-sidebar-what-is-a-fast-fourier-transform-by-technical-analysis-inc-20.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-4-146-152-sidebar-what-is-a-fast-fourier-transform-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-4-146-152-sidebar-what-is-a-fast-fourier-transform-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c04-sidebi-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.12:4 (153-157): SIDEBAR: Indicators by Technical Analysis, Inc."",""caption-linebreaks"":""Indicators by Technical Analysis, Inc.
Below are descriptions and formulas for the indicators mentioned. These are usually included in most\ntechnical analysis packages. For a more detailed discussion, refer to the references cited."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-4-153-157-sidebar-indicators-by-technical-analysis-inc-20.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-4-153-157-sidebar-indicators-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-4-153-157-sidebar-indicators-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c04-usingin-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.12:4 (153-157): Using Indicators In Trading Ranges And Trends by Bruce C. Kramer"",""caption-linebreaks"":""Using Indicators In Trading Ranges And Trends by Bruce C. Kramer
Traders use indicators for generating buy and sell signals in a market. But what indicators should you use and when? Here's one private trader's technique for recognizing trends and trading ranges.
One question that must be considered in selecting indicators for market analysis is whether the market\nin question is trending or in a trading range. This is important because certain indicators are more\neffective in different types of markets. Oscillator-based indicators, such as the stochastic indicator, are\ngenerally used for trading range markets, to try to locate the turning points of a security as it fluctuates\nbetween support and resistance. The parabolic indicator and moving average-based indicators, for\ninstance, are used for trending markets. To best employ these indicators or others similar, first you must\ndetermine if the market is trending or in a trading range.
TO TREND OR NOT TO TREND
First, select a method to measure the strength or presence of a trend. The simplest way to identify a trend\nis by visually inspecting a chart. Figure 1 illustrates trends and trading ranges that are clearly visible.\nHowever, it is not easy to define the required criteria to classify the market into our four categories using\nthe visual approach.
A more rigorous approach using multiple moving averages (MA) is suggested by Charles Le Beau and\nDavid Lucas in Computer Analysis of the Futures Markets. As can be seen in Figure 2, the market is\ntrending up when the three-day MA crosses above the 12-day and trending down when the three-day drops below the 12-day. To spot a sideways market, Le Beau and Lucas add a third MA as in Figure 3.\nHere, the trading range is identified by the four-day moving average having a value between the nine- and\n18-day moving averages. A trending market occurs when all three moving averages are headed in the\nsame direction."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-4-153-157-using-indicators-in-trading-ranges-and-trends-by-bruce-c-kramer-21.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-4-153-157-using-indicators-in-trading-ranges-and-trends-by-bruce-c-kramer-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-4-153-157-using-indicators-in-trading-ranges-and-trends-by-bruce-c-kramer-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c04-zweig-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.12:4 (158-164): Martin Zweig Of The Zweig Forecast by Thom Hartle"",""caption-linebreaks"":""Martin Zweig Of The Zweig Forecast by Thom Hartle
Martin Zweig may be a familiar name to you, and that would not be surprising, considering how many different hats he wears: one as editor of The Zweig Forecast newsletter, one as chairman of the Zweig Fund and one as the head of the Zweig Total Return Fund not to mention one as panelist on the popular TV show Wall $treet Week, on which he has appeared since 1974. Zweig, who has $9 billion under management currently, has spent the past 32 years developing his market indicators and models. Stocks & Commodities spoke with Zweig on a variety of topics ranging from the importance of monetary policy for the stock market to sentiment.
Marty, when did you first start writing The Zweig Forecast?
I wrote my first issue in the fall of 1971. I was teaching at the time and I was offered a position as a\nconsultant to a brokerage firm. My newsletter was intended to be geared to the institutional customers of\nthe brokerage firm, but the firm went out of business before I completed the second issue. Previously, I\nhad written some articles that were published in Barron's, two of which were on indicators based on the\noptions market. Fortunately, the articles generated enough interest in my work that the newsletter\ncontinued.
When did you introduce your mutual funds?
The Zweig Fund was offered in 1986 and the Zweig Total Return Fund was offered in 1988.
Now, your years of research indicate that the direction of the stock market is dominated by monetary conditions.\nHow do you monitor those conditions?
The majority of the indicators are interest rates. We follow short term, long term and Eurodollar rates. I'm not trying to forecast the rate; what I'm looking at is the trend. We use various exponential averages to\nsmooth out the volatility, and then we look for reversals in the trend. It's pretty simple!"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-4-158-164-martin-zweig-of-the-zweig-forecast-by-thom-hartle-21.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-4-158-164-martin-zweig-of-the-zweig-forecast-by-thom-hartle-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-4-158-164-martin-zweig-of-the-zweig-forecast-by-thom-hartle-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c04-sidebz-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.12:4 (158-164): SIDEBAR: Zweig's Super Model by Technical Analysis, Inc."",""caption-linebreaks"":""Zweig's Super Model by Technical Analysis, Inc.
Zweig's Super Model combines the monetary model and the momentum model to create the Super Model\nfor identifying favorable stock market conditions.
The monetary model is a collection of three indicators, each of which is assigned a numerical score that\nwill then provide a composite reading on monetary conditions. The first indicator is the prime rate\nindicator, which has either a value of +2 or a value of zero for the monetary model. A +2 is awarded if\nthe prime rate peak is above 8%, there is a decline of 1% or there are two consecutive cuts in the prime\nrate. If the prime rate peak is below 8%, a single cut in the prime rate occurs. The prime rate indicator\ndrops to zero if one of the following events occur: First, if the prime rate low is above 8% any initial hike\nin the prime rate; second, if the prime rate low is less than 8% and the prime rate is raised by 1%; and\nthird, two consecutive hikes in the prime rate occur."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-4-158-164-sidebar-zweig-s-super-model-by-technical-analysis-inc-20.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-4-158-164-sidebar-zweig-s-super-model-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-4-158-164-sidebar-zweig-s-super-model-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c04-determi-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.12:4 (165-170): Determining Capital Amounts for Trading by Ajay Jani"",""caption-linebreaks"":""Determining Capital Amounts for Trading by Ajay Jani
Last month, Ajay Jani covered several topics crucial to developing a comprehensive trading plan, including the importance of portfolio level simulations and the ability to use risk-reduction strategies to increase profitability. This time, Jani discusses a method to logically determine the amount of capital necessary to begin trading and provides guidelines for developing the mental discipline for trading.
Determining the amount of capital required to begin a trading system is usually an afterthought,\nrelegated to the \""unpleasant but necessary\"" pile. Aspiring traders have been known to blithely say, \""Well,\nI have a good system and I have $10,000 saved up, so I should capitalize my account with $10,000\"" —\nindicating that a very hard lesson will be learned very quickly. The logic in this statement is flawed in\nthat the market in which the novice intends to trade doesn't care how much money the would-be trader\nhas in his or her account.
Whether you start with $5,000 or $10,000, the system that you have designed will encounter the same\nstring of profits and losses, ignoring the fact that larger accounts will be able to take advantage of more\nsignals. So instead of choosing the amount of capital necessary to fund your account by simply looking at\nyour checking balance, take the time to do a comprehensive study and increase your chances of\nweathering the inevitable market storms that will batter your trading account. Remember, the markets\naren't going anywhere; if you have to save for a few months to accumulate the required capital, you won't\nbe penalized — and, in fact, most likely you will be rewarded."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-4-165-170-determining-capital-amounts-for-trading-by-ajay-jani-21.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-4-165-170-determining-capital-amounts-for-trading-by-ajay-jani-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-4-165-170-determining-capital-amounts-for-trading-by-ajay-jani-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c04-onprofi-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.12:4 (171-175): On Profit-Taking by Perry J. Kaufman"",""caption-linebreaks"":""On Profit-Taking by Perry J. Kaufman
Taking a profit should be so easy, but it never seems to be. Why is that? Veteran market analyst Perry Kaufman explains the whys and hows and also explains how profit-taking has advantages over straight trend-following.
If you were to ask a trend-follower, “How do you trade successfully?” the answer would be, “Let your\nprofits run and cut your losses short.” That seems to be the philosophy underlying trend-following\nprograms. One of the most stunning examples is gold, which in January 1980 skyrocketed from $100 an\nounce to $850 an ounce. During the period that gold prices were soaring, there were good opportunities\nto take profits at $250 an ounce and $400 an ounce, but neither would have been close to the profits\npossible if a long position had been held simply using nearly any trend-following method. For example,\nFigure 1 shows the move in silver during the 1979-80 period, which could have captured exceptionally\nlarge trend-following profits. The high volatility that followed, however, may have reduced those returns.\nIn Figure 2, a chart of the Deutschemark, profits look large, but realistic entry and exit points show that\nonly 200 points could have been captured from a maximum of 800. The very high volatility would have\ndemanded a large investment for a small return.
Returning frequent profits is far more desirable than waiting for such an opportunity. Spectacular price\nmoves do not occur often enough to be worth sacrificing a good, everyday plan. In addition, the risk\nassociated with a major move is correspondingly very large and requires a bigger investment to protect an\ninfrequent occurrence."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-4-171-175-on-profit-taking-by-perry-j-kaufman-21.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-4-171-175-on-profit-taking-by-perry-j-kaufman-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-4-171-175-on-profit-taking-by-perry-j-kaufman-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c04-options-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-4"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.12:4 (176-178): Options In Trading Ranges by David L. Caplan"",""caption-linebreaks"":""Options In Trading Ranges by David L. Caplan
Options have a natural appeal due to the limited risk aspect for the options buyer, but there is a tradeoff: Because of the time decay factor, options lose value. However, as David Caplan, publisher of the Opportunities in Options newsletter, points out, you can take advantage of the time value decay characteristics. Here's how.
Option purchases and futures trades are only successful if the market moves in the direction predicted\n(without the trader being stopped out first, naturally). In addition, option buyers have to worry about time\nvalue decay of their position. Time value decay is a problem because the price of an option is made up of\ntwo components, the time value and the intrinsic value. The intrinsic value is simply the difference\nbetween the strike price and the current price of the underlying instrument. If the option is out of the\nmoney, then the intrinsic value is zero. If you purchase an option, then the underlying instrument must\nmove in a price direction that will offset the time value decay.
But there is a position that a trader can successfully take in the options market in a nontrending or choppy\nmarket or if the market moves lower or higher slowly. The option position is known as writing a strangle,\nin which a call and a put are sold with strike prices out of the money. We are selling an out-of-the-money\nput and call containing only time value, with the expectation of collecting the time value premium as the\nunderlying futures contract remains within a wide trading range. The time value premium decays every\nday for both puts and calls, and this decay accelerates as the options approach expiration. The position\nhas a neutral direction orientation. I call this trade the neutral option position."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-4-176-178-options-in-trading-ranges-by-david-l-caplan-21.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-4-176-178-options-in-trading-ranges-by-david-l-caplan-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-4-176-178-options-in-trading-ranges-by-david-l-caplan-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c05-determi-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-5"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.12:5 (183-187): Determining Leverage For Trading Systems by John Kean"",""caption-linebreaks"":""Determining Leverage For Trading Systems by John Kean
When your trading's going your way, you're apt to think about leveraging your trading based on your success in hindsight. However, leveraging can be a two-edged sword when it comes to profits and drawdowns.
Admit it. Getting rich quick has a certain allure, but pursuing it as a goal seldom pays off. In the world\nof trading, fast or instant wealth plans usually involve the use of leverage far and above what is\nreasonable. Often, those at risk don't realize what's involved, and they don't realize that overleveraging an\notherwise profitable trading system could ensure eventual losses.
As a first step, let's define the idea of leverage for an individual trader. If you have $100,000 that you are\ndevoting to trading, then conceptually your trading account has $100,000 of equity. Let's assume this is\nmoney that you \""own,\"" not money that you have in some way borrowed. If you entered a position\ninvolving stocks, bonds or futures contracts , with a total entry price of $50,000, then we would say that\nyou were at a 0.5 leverage. Or say the entry price was $100,000, in which case the leverage would be 1.0."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-5-183-187-determining-leverage-for-trading-systems-by-john-kean-21.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-5-183-187-determining-leverage-for-trading-systems-by-john-kean-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-5-183-187-determining-leverage-for-trading-systems-by-john-kean-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c05-sidebs-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-5"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.12:5 (183-187): SIDEBAR: SPREADSHEET ANALYSIS by Technical Analysis, Inc."",""caption-linebreaks"":""SPREADSHEET ANALYSIS by Technical Analysis, Inc.
Here's a simple way of setting up a return versus leverage analysis in a spreadsheet (sidebar Figure 1).\nSpecifically, this is for Lotus 1-2-3, but you should be able to follow the example and apply it to any\nspreadsheet."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-5-183-187-sidebar-spreadsheet-analysis-by-technical-analysis-inc-21.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-5-183-187-sidebar-spreadsheet-analysis-by-technical-analysis-inc-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-5-183-187-sidebar-spreadsheet-analysis-by-technical-analysis-inc-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c05-analysi-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-5"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.12:5 (188-191): Analysis Of A Winning Trade by Gary Smith"",""caption-linebreaks"":""Analysis Of A Winning Trade by Gary Smith
Winning traders tend to have something in common in at least one way, and that is the ability to make rapid trading decisions based on all the factors that affect the market. Here, private trader Gary Smith recounts a trade he made in November 1993 in stock futures and explains about the monthly, weekly, daily and intraday indicators that made that day an obvious buy.
The world of successful real-time trading in stock futures differs markedly from that portrayed by\ntheorists and academicians who have little or no hands-on experience as traders. These scholars attempt\nto simplify trading into a single-decision process based on an esoteric formula or equation. While this\none-dimensional approach to the market may occasionally perform well over short-term cycles, it has yet\nto work consistently in real-time trading over a period of several years.
Instead, the select few winning traders in stock futures tend to share a particular trait, and that is the\nability to synthesize on a daily basis all the fundamental, technical and psychological factors that affect\nthe market, and then to make quick trading decisions based on those factors. Although this ability or skill\nis not innate, neither is it something that can be taught. Achieving this trait demands years of real-time\ntrading experience. However, most would-be traders seem unwilling to put in the years of tuition required\nto gain the intuition required to become winners. Instead, what they do is to seek short cuts, always\nsearching for some Holy Grail that will do all the thinking for them."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-5-188-191-analysis-of-a-winning-trade-by-gary-smith-21.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-5-188-191-analysis-of-a-winning-trade-by-gary-smith-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-5-188-191-analysis-of-a-winning-trade-by-gary-smith-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c05-sidebc-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-5"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.12:5 (188-191): SIDEBAR: Commitment of Traders by Thom Hartle, Editor"",""caption-linebreaks"":""An explanation of Figure 2 from the article \""Analysis of a Winning Trade.\"""",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-5-188-191-sidebar-commitment-of-traders-by-thom-hartle-editor-21.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-5-188-191-sidebar-commitment-of-traders-by-thom-hartle-editor-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-5-188-191-sidebar-commitment-of-traders-by-thom-hartle-editor-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c05-objecti-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-5"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.12:5 (192-197): Objectivity In Elliott Wave-Based Trading by D.W. Davies"",""caption-linebreaks"":""Objectivity In Elliott Wave-Based Trading by D.W. Davies
There's no doubt about it. Elliott wave analysis can thoroughly confuse the uninitiated due to all the choices at potential turning points in markets. Only the correct wave label will be verified by subsequent market action. Can additional technical tools help identify the most likely turning points? Newsletter publisher D.W. Davies explains his use of cyclical channel analysis and the commodity channel index with Elliott wave analysis to identify turning points in markets.
Elliott wave analysis continues to trigger debate. On one side are those Elliotticians who swear by it\nand, on occasion, would bet the family farm if challenged on its prognostications. On the other side are\nthose who would vehemently claim that Elliott wave theory is about as useful as eye of newt. Many\nothers may recognize in hindsight an Elliott wave pattern of market action but cannot use it prospectively\nbecause of the permutations of possible future action. Instead, they find themselves paralyzed at\nimportant market junctions because of the possibilities they visualize may be immediately ahead, rather\nthan trade the low-risk, high-probability opportunity. Here, then, are the major postulates of the Elliott\nwave principle and how cyclical channel analysis (CCA) can identify the highly probable turning points of\nthe Elliott wave. Here also is how the dual commodity channel index (DCCI) can be used to pinpoint entry\nand exit when trading with the Elliott wave and CCA combination.
THE ELLIOTT WAVE PRINCIPLE
Market structure can be understood in terms of the Elliott wave principle, which postulates that a\ncomplete market cycle — that is, the complete bull-bear cycle from one bear bottom to the next — is made up of a total of eight waves of activity: five waves up compose the bull phase of the cycle and three\nwaves down make up the bear phase of the cycle (Figure 1).
The bull phase: The bull phase is made up of five waves of activity, three waves of price advancement\nand two of correction or consolidation. The waves up are waves 1, 3 and 5, called impulse waves. The\ntwo corrective waves are waves 2 and 4 (Figure 2).
The bear phase: The bear market is made up of three waves, two declining waves separated by one of a\ncorrective rally. The corrective wave may be spectacular and is the classic bull trap of the bear market.\nThe two waves down are waves A and C and are also called impulse waves. Each impulse wave (A and\nC) is made up of five smaller waves. The corrective up wave is wave B and is made up of three smaller\nwaves (Figure 3). When a complete five-wave up movement has been completed, a major three-wave\ndownward move follows."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-5-192-197-objectivity-in-elliott-wave-based-trading-by-d-w-davies-21.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-5-192-197-objectivity-in-elliott-wave-based-trading-by-d-w-davies-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-5-192-197-objectivity-in-elliott-wave-based-trading-by-d-w-davies-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c05-sidebcci-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-5"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.12:5 (192-197): SIDEBAR: CALCULATING AN 11-PERIOD CCI by Thom Hartle, Editor"",""caption-linebreaks"":""CALCULATING AN 11-PERIOD CCI by Thom Hartle, Editor
The commodity channel index (CCI) can be calculated using any lookback period chosen by the trader.\nThe Excel spreadsheet shown in sidebar Figure 1 is an 1 l-period CCI for the Dow Jones Industrial\nAverage. The first step is to calculate the daily typical price. This is the high, low and close added\ntogether and divided by three. This step is performed in column E."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-5-192-197-sidebar-calculating-an-11-period-cci-by-thom-hartle-editor-21.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-5-192-197-sidebar-calculating-an-11-period-cci-by-thom-hartle-editor-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-5-192-197-sidebar-calculating-an-11-period-cci-by-thom-hartle-editor-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c05-volatil-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-5"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.12:5 (198-199): The Volatility Index by David C. Stendahl"",""caption-linebreaks"":""The Volatility Index by David C. Stendahl
David Stendahl explains the volatility index (VIX), which measures volatility based on the implied values of eight Standard & Poor's 100 (OEX) options from which the weighted volatility index is derived when combined.
The volatility index (VIX) is a measurement of the market's volatility. It specifically measures volatility\nbased on the implied values of eight Standard & Poor's 100 (OEX) options that when combined calculate\nthe weighted volatility index. The Chicago Board of Options Exchange (CBOE) has been using this index\nfor five years and has only recently made it publicly available.
THE BASICS
In its basic form, the VIX can help to determine if OEX options are undervalued or overvalued. Nothing\nfrustrates an option trader more than accurately predicting the market's direction, only to lose money\nbuying an overvalued option. Even if the market moves in the trader's direction, he can still lose money if\nthe option was overvalued when purchased. The premium of the option declines in value simply due to\nsupply and demand factors. Unfortunately, many option traders spend more time analyzing the market's\ndirection than they do pricing the specific option. Time constraints and a lack of computer power make it\nvirtually impossible for the independent trader to price an option accurately."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-5-198-199-the-volatility-index-by-david-c-stendahl-21.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-5-198-199-the-volatility-index-by-david-c-stendahl-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-5-198-199-the-volatility-index-by-david-c-stendahl-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c05-raff-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-5"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.12:5 (200-207): Gilbert Raff: From Medicine To Money Management by Thom Hartle"",""caption-linebreaks"":""Gilbert Raff: From Medicine To Money Management by Thom Hartle
Stocks & Commodities readers have suggested that we interview someone who did not start his or her career in the financial community but was successful enough in the markets to change careers midstream to trading. Gilbert Raff is one such individual. Raff, who was a cardiologist with a background in physics who has also written for Stocks & Commodities, left his medical career to manage money. S&C Editor Thom Hartle spoke with Gilbert Raff about why he changed careers, the similarities between assisting people in managing their health and their money and the methods he uses to identify market opportunities.
I'd like to start with your personal history, because you've jumped from one career that's vastly different from the one you're in now.
My first career was as a physicist. I graduated with a double degree in physics and pre-med from the\nMassachusetts Institute of Technology (MIT) in 1969. That turned out to be helpful to me in what I do\nnow, because physics is mathematically oriented. Then I did medical research before I became a\npracticing physician, and that also was very helpful to me in understanding how to analyze things.\nAnalysis in the stock market is very similar to analysis in medicine.
What are some of those similarities?
Regarding research, you have to work with concepts that have been proven to work. There has to be a\nsense that something is likely to repeat itself. I want to be confident that once I've tested something, it's\ngoing to work in the future.
What else?
One has to be very systematic and organized. But there's another aspect, too, that relates to how medicine\nhelped me become a better trader or investor."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-5-200-207-gilbert-raff-from-medicine-to-money-management-by-thom-hartle-21.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-5-200-207-gilbert-raff-from-medicine-to-money-management-by-thom-hartle-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-5-200-207-gilbert-raff-from-medicine-to-money-management-by-thom-hartle-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c05-managin-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-5"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.12:5 (208-210): Managing Risk With Options by Scott H. Fullman"",""caption-linebreaks"":""Managing Risk With Options by Scott H. Fullman
Ever get the feeling you're throwing good money after bad in your stock transactions? Ever feel your wallet getting lighter and lighter while it's still in your pocket because of what your stock's doing? Ever feel like selling it all and getting out of the market altogether? Well, fear not. Author and derivatives strategist Scott Fullman explains how to keep your wallet in place by using options.
Imagine this scenario: You're going on a road trip, so your mechanic checks the car out to the tune of\n$550 to make sure it's in working order. But traveling down the freeway, you are shocked to see smoke\nrising from under the hood of the car. You manage to get to a service station, where you find that your\nwater pump has failed. Two hours and $400 later, you're back on the road. You can't help but wonder:\nShould you keep putting more money into this car, or buy a new one?
CHECKING UNDER THE HOOD
Many investors and traders suffer from the same type of situation when it comes to stocks. For example,\nassume that you purchased 1,000 shares of Eastman Kodak (EK) at the equivalent of $49 per share (prices\nadjusted for the spin-off of Eastman Chemical [EMN]) on November 18, 1993 (Figure 1). Technically, the\nchart looked positive with a move up from 40 in August 1993. Being a savvy investor, you immediately\nenter a stop-limit order to sell the shares at 47-3/8. On December 14, EK opens at 47-1/8, a gap opening\nfrom the previous close of 49-3/16. Your stop-limit order was not executed, and the stock continued to\ndecline into January 1994 (Figure 2)."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-5-208-210-managing-risk-with-options-by-scott-h-fullman-21.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-5-208-210-managing-risk-with-options-by-scott-h-fullman-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-5-208-210-managing-risk-with-options-by-scott-h-fullman-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c05-breadth-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-5"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.12:5 (211-214): Breadth Stix And Other Tricks By Tushar S. Chande, Ph.D."",""caption-linebreaks"":""Breadth Stix And Other Tricks By Tushar S. Chande, Ph.D.
Interested in advance-decline indicators? Well, you're in luck. Here, Chande reviews popular versions of these indicators and explains that since they are all derived from the same raw data, they have certain similarities. Chande explains how to derive a stochastic oscillator from market breadth data for market timing.
The daily number of advancing issues (ADI) and the daily number of declining issues (DCI) are two\nitems of data unique to the stock market. Technical analysts have developed a variety of ways to analyze\nthis data. Strong similarities exist between these approaches, not surprising, considering they use\nthe same raw data. But none is completely like another, and so you can use the indicator that best suits\nyour trading style.
VARIETY'S THE SPICE
The ADI and DCI data can be analyzed in a number of ways, a few of which are summarized in Figure 1.\nYou could find other combinations as well. The simplest approaches, of course, would be to look at the\nADI and DCI by themselves, or use the difference of two moving averages of the ADI or DCI to form an\noscillator or take the daily difference between ADI and DCI. Let us call this the daily difference of issues\n(DDI = ADI - DCI). You can now take the difference in the moving averages of the DDI to give yet another\nnet difference oscillator.
You can also define ratios using ADI and DCI, using any of the following ratios. These indicators can be\nused to identify two sets of conditions — overbought/oversold situations, and the trend of the broad\nmarket."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-5-211-214-breadth-stix-and-other-tricks-by-tushar-s-chande-ph-d-21.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-5-211-214-breadth-stix-and-other-tricks-by-tushar-s-chande-ph-d-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-5-211-214-breadth-stix-and-other-tricks-by-tushar-s-chande-ph-d-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c05-sabateu-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-5"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.12:5 (215-217): The Trading Saboteur by Adrienne Laris Toghraie"",""caption-linebreaks"":""The Trading Saboteur by Adrienne Laris Toghraie
STOCKS & COMMODITIES contributor Adrienne Toghraie discusses how traders may not realize they are\nsabotaging their own success. Here's how to change that behavior.
Adam's roller-coaster wins and losses followed a predictable pattern. When he would reach a certain\nlevel of success, he would somehow find a way to sabotage it and create losses for himself. At times, his\ntrading was highly profitable because he had developed an intuitive feel for the markets. By backing up\nthat intuition with a solid foundation of technical and fundamental knowledge, he developed a system\nthat brought him good returns when he kept his eye on his goal and followed his own rules. However, his\nintuition would become unreliable when he was off balance personally, which would lead him to throw\nout everything he knew would work and trade compulsively. Does that sound familiar?
Both traders who trade in thousands and traders who trade in millions can take the same self-defeating\nroller-coaster ride when they reach a certain level of success. That level of success is different for all of\nus; we all have a comfort level for the income we create, and most of us will sabotage ourselves going\nbeyond that comfort level. There are many reasons for this."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-5-215-217-the-trading-saboteur-by-adrienne-laris-toghraie-21.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-5-215-217-the-trading-saboteur-by-adrienne-laris-toghraie-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-5-215-217-the-trading-saboteur-by-adrienne-laris-toghraie-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c05-ctest-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-5"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.12:5 (218-221): The c-Test by William Eckhardt"",""caption-linebreaks"":""The c-Test by William Eckhardt
We all know that thorough testing is the only way to determine whether a particular trading system or indicator is viable. William Eckhardt, the mathematician whose conversation with Richard Dennis helped bring about the Turtles, points out that before you spend time testing a method, you should first use a methodological test for dimensional coherency called the c-test.
In most cases, the only way to evaluate trading indicators or systems is through diligent and rigorous\ntesting. However, there are cases in which indicators, systems or even entire approaches can be rejected\non principle. A good way to root out the unworkable indicators, systems or approaches is to apply a\nc-test, which is a methodological test for dimensional coherency. A system can be said to be\ndimensionally coherent if its results do not change even though the units of measure do. The test is\napplied directly to the formulas or rules that define a system or indicator. If the system or indicator fails\nthe c-test, then it will give incoherent results that cannot be trusted; however, a formula determined to be\nincoherent can often be modified to pass the c-test.
To determine why a coherency test is necessary, first we look at some charting procedures that we\nsuspect may be incoherent — for example, the fallacy of attaching significance to the sizes of angles on a\nbar chart or similar price graph. It is not that trading systems making use of angles are inferior — there is\nsuch a glut of bad systems in general that it would hardly be worthwhile to identify only a few — but\nrather, these angle-dependent trading systems are pseudo-systems, incoherent procedures disguised as\nalgorithms.
What holds true in a particular system should hold true no matter what the measurement. Now, a change\nin one unit may necessitate a change in others; if you change the unit of distance, then you must make\ncorresponding changes to the unit of area or volume. However, in price analysis, the overriding variables\nof price and time are so heterogeneous that a change in the scale of one may occasion no need for a\nchange in the scale of the other. (Chart services frequently rescale the price axes of their charts while\nleaving the time scales the same year after year.) Clearly, then, it should be possible to change the units"",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-5-218-221-the-c-test-by-william-eckhardt-21.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-5-218-221-the-c-test-by-william-eckhardt-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-5-218-221-the-c-test-by-william-eckhardt-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c05-technic-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-5"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.12:5 (222-228): The Technical Basis Of Risk-Reward Analysis by Victor Sperandeo"",""caption-linebreaks"":""The Technical Basis Of Risk-Reward Analysis by Victor Sperandeo
Author and money manager Victor Sperandeo offers details on his investment approach in this excerpt from his latest work, Trader Vic II: Principles of Professional Speculation. Here, Sperandeo explains the dos and don'ts of risk-reward analysis.
Risk and reward are two of the most commonly used words on Wall Street, and yet, they are probably\nthe most ill-defined. They represent concepts that few ever bother to spend time refining because\n“everyone knows what they mean.” Risk is generally associated with losing money, and reward is\ngenerally associated with making money. While these associations are accurate, they don't provide nearly\nenough information to use as the basis for risk-reward analysis. Just as an atomic physicist would be lost\nwithout a detailed understanding of the nature of atoms, so a market professional will flounder without a\nwell-defined concept of risk and reward.
Suppose, for example, that you are trying to manage a long portfolio of stocks. As a starting point, the\nfirst question is not which stocks to own, but whether and to what extent to be long. To answer this\nquestion, you must not only have a grasp of the direction of the broader market trend (up or down), but\nyou must also have some indication of the likelihood that the current trend will continue. Further, if it\ndoes continue, you need some indication, some measure, of how much the market is likely to move in its\ncurrent direction before reversing. Restated, you must know the potential risk, and the potential reward,\nof being long."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-5-222-228-the-technical-basis-of-risk-reward-analysis-by-victor-sperandeo-21.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-5-222-228-the-technical-basis-of-risk-reward-analysis-by-victor-sperandeo-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-5-222-228-the-technical-basis-of-risk-reward-analysis-by-victor-sperandeo-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c06-gold-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-6"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.12:6 (231-234): Gold And The Business Cycle by Martin J. Pring"",""caption-linebreaks"":""Gold And The Business Cycle by Martin J. Pring
Well-known market analyst Martin Pring takes a look at the relationship between the price of gold and the business cycle.
Why do major swings in the price of gold occur? Over the years, many views have been put forward as to the causes of major swings in the price of gold. The news media consistently tries to link price movements of financial markets to news events. Indeed, it seems rational that market participants make decisions based on the latest-breaking news. In the case of gold, the assumption is often made that the fear factor is at work. An assassination attempt or an outbreak of hostilities or a similar development seems to be a logical justification for a rally. This is often true for a day or so, but not on a long-term basis.
The importance of the news in question usually depends on whether the gold price is in a primary bull or bear market. In 1979, for example, the Soviet Union's invasion of Afghanistan was a positive influence on the price. At that time, gold was in a primary bull market and the invasion represented icing on the bullish cake. The invasion exacerbated a trend that was already in force. On the other hand, the war between Iran and Iraq, which broke out in 1981, should, in theory, have been a much more positive factor for gold in view of its implications for higher oil prices.As it turned out, it was not because gold was then in a primary bear market. In retrospect,the rallies that took place in response to the war turned out to be temporary interruptions in an ongoing declining trend."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-6-231-234-gold-and-the-business-cycle-by-martin-j-pring-21.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-6-231-234-gold-and-the-business-cycle-by-martin-j-pring-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-6-231-234-gold-and-the-business-cycle-by-martin-j-pring-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c06-pvrank-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-6"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.12:6 (235-239): Price-Volume Rank by Anthony J. Macek"",""caption-linebreaks"":""Price-Volume Rank by Anthony J. Macek
Imagine receiving a warning when the market was likely to collapse or being alerted when one of your favorite stocks was about to rally. What if these signals came from analysis that was simple enough to do without a computer and took only a few minutes a day to update, using just two pieces of information found in virtually any newspaper? Is this a dream? Maybe not.
The old adage about keeping things simple applies even to the investment world. Methods of analysis such as polarized fractal efficiency and price oscillator divergences do a great job, but for those with neither the time nor the inclination to master the techniques necessary to monitor every blip and sputter that the market produces may be served just as well by noting only two very important market variables: price and volume.
To illustrate, examine what generally happens when the market as a whole, or even an individual security, moves in stages within a typical bull-to-bear investment cycle. At the start of a bull market, both price and volume tend to increase together. This confirmation, seen in the early stages of a market advance, is indicative of market strength. As the bull matures, volume tends to diminish, even though prices are still trending up. This divergence, where higher prices\nare not accompanied by higher volume, is usually indicative that a market top may be imminent. As prices peak and then begin their downward trek, volume generally increases as investors rush to dump their holdings. Later, as selling pressure subsides, the grip of the aging bear begins to weaken (point D), and we see diminishing volume even as prices continue to fall.
This lessening of downside momentum gives the opposite signal as in point B, as lower volume in the face of lower prices tends to signal that a market bottom may be approaching. Eventually, the bear is driven back into its den, prices begin to strengthen and a new market advance begins the investment cycle once again."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-6-235-239-price-volume-rank-by-anthony-j-macek-21.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-6-235-239-price-volume-rank-by-anthony-j-macek-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-6-235-239-price-volume-rank-by-anthony-j-macek-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c06-sidebpv-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-6"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.12:6 (235-239): SIDEBAR: P-V RANK BY HAND"",""caption-linebreaks"":""SIDEBAR: P-V RANK BY HAND
As the article “Price-volume rank” describes, P-V rank can be figured by hand by using the guidelines outlined. I do so, and then I manually enter the resultant data (numbers 1 through 4) into EQUIS International's The Technician software. I am able to do this by listing P-V rank as a custom indicator and adding the daily data manually under the user-added variable capability. After the raw data is listed, the technical study or software of choice can be manipulated."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-6-235-239-sidebar-p-v-rank-by-hand-21.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-6-235-239-sidebar-p-v-rank-by-hand-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-6-235-239-sidebar-p-v-rank-by-hand-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c06-joy-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-6"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.12:6 (240-243): The Joy Of Trading with Statistics by Ben Warwick"",""caption-linebreaks"":""The Joy Of Trading with Statistics by Ben Warwick
For many of you who have traded in the past, the title of this article may take you by surprise. How can trading be work of joy? Only when you are winning, obviously, but there's more to it than that. Systematic trading can be a joy if you are convinced that your decisions are based on favorable probabilities. Let me focus on the three most often used methods in my mathematical arsenal — the Kruskal-Wallis test, the Sharpe ratio, and optimum trade size analysis.
The Kruskal-Wallis (K-W) test is a statistical method dating from the 1950s. Although it has been used for the most part in the medical field to test the validity of drug trials, I have found it to be quite useful in differentiating between trading systems."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-6-240-243-the-joy-of-trading-with-statistics-by-ben-warwick-21.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-6-240-243-the-joy-of-trading-with-statistics-by-ben-warwick-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-6-240-243-the-joy-of-trading-with-statistics-by-ben-warwick-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c06-treasur-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-6"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.12:6 (244-247): Treasury Bond Put Options As An Intermarket Gauge by Joe Duarte"",""caption-linebreaks"":""Treasury Bond Put Options As An Intermarket Gauge by Joe Duarte
Here, \""Wall Street Detective\"" editor Joe Duarte discusses using the Hines ratio, a sentiment indicator based on options activity, on the Treasury bond futures market as a trading tool for bonds and currencies.
The compared value of one country's currency to that of another reflects the perceptions of market participants. Currency traders closely follow each country's currency relationships, interest rates, politics and economic climate. The primary focus for traders is the interest rate climate of each country, but the other elements involved can dominate traders' perceptions. As each of these components change, traders reposition themselves for new trends in currency prices.
Because interest rate trends are such an important component in currency trends, I decided to apply technical analysis to the US bond market as a tool for trading currencies. I discovered that if the tools begin to fail, then this may indicate a change in the fundamentals driving the market. What follows is an example of a technical indicator that failed, and therefore alerted traders to a change in the fundamentals."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-6-244-247-treasury-bond-put-options-as-an-intermarket-gauge-by-joe-duarte-21.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-6-244-247-treasury-bond-put-options-as-an-intermarket-gauge-by-joe-duarte-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-6-244-247-treasury-bond-put-options-as-an-intermarket-gauge-by-joe-duarte-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"
-v12-c06-myths-pdf,d,"{""minimum-quantity"":""1"",""path"":""articles-volume-12-chapter-6"",""leaf"":""1"",""template"":""storetemplate."",""ysw-page-title"":""V.12:6 (248-252): Three Myths About Trading A Small Commodity Account by K.D. Angle"",""caption-linebreaks"":""Three Myths About Trading A Small Commodity Account by K.D. Angle
The New Timing Device editor Kelly Angle disputes some common notions about trading commodities if you have a small commodity account. What are they?
In talking with thousands of clients and traders in nearly a decade of operating as a professional in the futures industry, small traders have told me many times that their long-term goal is to eventually leave their current occupation in exchange for a life of wealth and independence supported solely by successfully trading their own futures account.
What is the probability of a small individual trader actually attaining this dream? Remember, most traders who make this statement are trading a relatively small account and want to trade it up over time to amounts large enough to support themselves and their families. Is this a realistic aspiration? If it is, why don't we see hundreds, if not thousands, of small independent traders successfully making healthy livings across the country? Perhaps understanding the major roadblocks to this goal is key to making this dream a reality."",""imageFields"":{""image"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-6-248-252-three-myths-about-trading-a-small-commodity-account-by-k-d-angle-21.gif"",""height"":""261"",""width"":""204""},""image-amp-main"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-6-248-252-three-myths-about-trading-a-small-commodity-account-by-k-d-angle-24.gif"",""height"":""200"",""width"":""360"",""type"":""amp-main""},""image-amp-inset"":{""url"":""https://s.turbifycdn.com/aah/traderscom/v-12-6-248-252-three-myths-about-trading-a-small-commodity-account-by-k-d-angle-25.gif"",""height"":""100"",""width"":""100"",""type"":""amp-inset""}},""relations"":[]}"