News

  Bonnie Hill added some links to my little blog in a recent update of her fabulous Bonnies links page

If you never visited Bonnies Links
you are missing something. Don't let the old school web design scare you, the content is
awesome.

Posted by sputnik

  I just stumbled across this pagewith 25 rules for traders by Douglas E. Zalesky first published in SFO.

Rule #1 : The market pays you to be disciplined.

I'm going to get a tattoo with that rule for my nervous trigger finger.

Go read the other rules at TraderGav and stick to them.

Posted by sputnik

 

Iceland Premier Tells Nation to Go Fishing After Banks Implode

By Niklas Magnusson

Oct. 10 (Bloomberg) -- Iceland Prime Minister Geir Haarde has some advice for his fellow citizens after the country's banking system imploded: Go fishing.

Posted by sputnik

  I recently stumbled across a trading forum i really like: Traders Laboratory. I met some very nice people there and found this gem from a fellow trader posting as 'jperl'. A complete tutorial on trading with market statistics.
To watch the charts and videos in these post you need to register with traders Laboratory but thats
free and painless.

If you are interested in daytrading using volume histogramms and/or the VWAP, check this out.
I promise you won't regret it.

The tutorial is split in 11 parts, here are direct links for you convenience.

part I : Volume histogramm
part II : The volume weighted average price (VWAP)
part III : Basics of VWAP trading
part IV : Standard Deviation
part V : Other entry points
part VI : Scaling in and risk tolerance
part VII : Breakout trades at the PVP
part VIII : Counter trend trades in symetric distribution
part IX : Scalping
part X : Position Trading
part XI : HUP

Posted by sputnik

  As a daytrader i don't care much about daily charts and whether we are in a bull or bear market. i want volatility and a strong bias is not very useful for me in my trading. But last week i was asked if the stuff i'm using would work on longer timeframes too, so i gave it a try. I loaded 10 years of daily data for the S&P e-mini and played with my vwap :



To my surprise, it looked very good and heres what i found. Using an "eternal" vwap we get very nice "2. chance" signals. A double top against the vwap in early 2001 would get you short, and just recently a double bottom at the still rising vwap. So to me this looks like start of the next leg up in a bull market - hows that for a different opinion ? That said, i will most likely look for a short on monday - i'm still a daytrader

Have a nice weekend !

Posted by sputnik