minoo

Market Profile perspective with Squawk A joint Webinar by Alexander Trading & TradersAudio Mentors: Tom A & Ben L Duration: 35 minutes approx http://snipurl.com/jwml9 (or open the above URL in Windows Media Player, use save-as from file menu for future reference) Some of the important topics to note in this video are: Where not to trade & how to postition oneself for the opprotunity; Where is better R/R ratio to trade from; Which areas to use Indicators from, Inflection point and order flow perspective from the pit. Also Market Internals such as Volume, Ticks, Price-Vol & Breath Divergence, usage. Stats & Propensity of market in the first 60 - 90 minutes, In between single print test / retrace with Squawk & Market Internals usage The various posted materials in this thread has given me a good starting point with the Squawk. Many Thanks to everyone who have so far provided me with excellent links, insights and encouragement, This only keeps getting better. Next I would like to discuss chart setup to use for practising with the Squawk & also How to use the energy of the Squawk to somewhat nuetralise the emotions with follow-through mental routine Enjoy Minoo

Webinar on S&P 500 Squawk, TradersAudio Presenter Ben Lichtenstein Duration: 1hr 40 minutes approx https://admin.connectpro.acrobat.com/_a734860643/p38633857/ The seminar is long and takes some time to load Please refer to the uploaded PDF First have a look at the pdf and get some ideas about the topics it covers I was able to identify the important topics to learn the Squawk and use this webinar as one of my main study tool The above two Webinars posted here are Probably the best on S&P 500 Squawk Enjoy Minoo Ben+Presentation.pdf

Three Futures Day Trading Tutorial Videos by Jeff Quinto & CMEGroup Essential straight talk by an Veteran Trader & Mentor Developing Your Trading Strategy Theory of futures trading and provide a guide that will help you get started. http://progressive.powerstream.net/008/00102/edu/interactive/quinto_videos/video1/index.html Building Your Trading Plan Insight into the way professional traders set realistic goals and track performance. http://progressive.powerstream.net/008/00102/edu/interactive/quinto_videos/video2/index.html The Importance of Simulated Trading Simulated trading can be the key to your trading success. http://progressive.powerstream.net/008/00102/edu/interactive/quinto_videos/video3/index.html Enjoy Minoo

Video Tutorials are listed in the Favorite section of Tradersaudio YouTube channel (I must have missed them many times, so below is the list of them) Title: The Game plan (1:30 minute) What is Squawk (10:09 minutes) Squawk to Exit trades (9:55 minutes) Exit Position (10:00 minutes) Million Dollar Secret (8:27 minutes) Are You Abnormal (9:14 minutes) Top Trading Rules (10:00 minutes) Supply and Demand (8:17 minutes) High Energy Trade (7:35 minutes) Enjoy Minoo

Attached below is a good article on NYSE Ticks by John Carter Also refer to further reading on Ticks at the end of article by Brett Steenbarger Enjoy Minoo Music of the Market-JC.doc

Squawk Terms used during broadcast Found this Doc while Googling for help on the Squawk-Speak This Doc was quite useful in its concise explanation of Terms and some Phrases I am not sure about the '007' dealer though, if he still exist in the S&P ?? (Perhaps in the Bond Pit ): Here is the website doc link: http://daytradingthecourse.com/spnotes.doc I have exported the same as PDF here Enjoy Minoo Squawk-Terms-Explaination.pdf

Many thanks for the info and the reminder for backup trader333 After I read the thread I copied my backups to my external USB drive, perhaps a habit I should form. Tasuki I have installed the new ver 8.6 B.2612, the installation was not a problem and it copied the evnivronment (destops and workspaces) from the previous version. So far I had once error after login apart from that its working fine, I still have the annoying retruency error on login I use an simple but dedicated intel core2quad & XP rig to use tradestation on As I only use this machine for TS, all I want to do is shutdown after closedown of TS But with ver 8.6 I have to wait till all TS Services are flush from the memory or it will just ignore the shutdown request & keeps running. I believe XP is still the best platform to run Dedicated-Tradestation on, Ofcourse minus the PreInstall crap which comes on all Microsoft Operating systems Rumours that Vista comes Pre-loaded with over 100 services, components, etc has kept me away from ever trying it out professionally For such emergency I always have handy on my USB stick the last Service Pack run on the specific machine & relevant OS Re running the SP, I presume this would over-write most part of your registry pertaining to the operating system & hence maybe able to restore the damage part. Regards Minoo Note the latest XP Service Pack is version 3, one can use winver command to find out which ver they are running currently

Learning the S&P 500 Squawk Speak service from TradersAudio for trading the emini futures In the past I was not able to put much effort to learn Squawk. My initial attempt into this got overcome by spectical opinions & I also was not able to find enough material to learn than. Now that I have a home-office and trading almost full time I think I have the environment to give it a sincere go. I also am more savvy to the market terms & use market internals data everyday in my trading. My first task is to just learn to decipher the important quotes from the continuous price auction commentary and also when the auction prices itself matters with the noise. And than some hands on experience and investigae if it provides any edge to my intraday trading. My Starting Point I have sincerely been adviced to start at the FAQ section of TradersAudio website http://www.tradersaudio.com/faq.html I am going through them now. If you have any more links, seminars or recorded videos please do post here. I hope others would join in & help. And those who are making successful use of this service would contribute towards our learning experience Many Thanks Minoo

Seminar Title: Using ADX to Trade Breakouts, Pullbacks, and Reversals Below is a link to recorded seminar at CMEGroup site on ADX by Dr Charles Schaap Using ADX to Trade Breakouts, Pullbacks, and Reversals (CBOT Archive) This is a long 135 minutes seminar which you can save (File > Save As), bit old style but real wealth of useful material for trading I was able to locate the slides & have uploaded them here, so look through the topics in it first if they are of interest to yourself The seminar meticuosly goes through many aspect of trading including Trade management, trendlines, Price & DMI pivots, MAs, range, trend, accumulation, divergence, exhaustion, Continuation Signal, ..., etc etc. Dr Schaap uses the setting of (8, 13) on AdXlength and DMI respectively I have attached my chart of ADX (as Histo) and DMI lines on weekly Nasdaq 100 Index Enjoy Minoo Schaap-ADX-Slides.pdf

You may find this youtube channel useful YouTube - IchimokuCharts's Channel Enjoy Minoo

Its May & So, Do we stick to the Traditional Way ? Sam Stovall Of S&P Equity Research: 'Sell In May' And Go Away? Or Dont '... . .. . . .' , You will be happy you Stayed! Hear all about it! (Duration: 5mins) Enjoy Minoo AMBUZZ-Stovall-05.01.09-lbr.mp3

Some Key Figures to bear in mind 24July02 ES.D low is showing at 890.5 10Oct02 ES.D low is showing at 884.5 So far the Globex-Only high 887 (30April AM) in berween the above two figures! The above two figures formed the bottom pattern of the previous recession low on the S&P 500 Futures Will the Nasdaq stop leading the long side now, as it has touched the 200MA or will still lead towards the 1460 / 80 area ? Enjoy Minoo

Hi Jene For Forex hedging related rules, etc refer to the below informative Blog, Forex Law Blog - Forex Lawyer, Forex Registration, Forex Hedge Fund Formation, Forex Compliance When it comes down to Hedging facilities, Forex platform are much better equipped & the brokers are relatively better versed too. Since ... . I have significantly simplify my futures indices trading when it comes down to hedging swing positions. -Ta Minoo

Fib Measured Alternate Projection complete to 100% ? Once the Bear market rally achieves symmetry on par with the pullback-leg of 21 Nov 08 to 06 Jan 09 leg Will the Bears Pounce and try to muscle over this rally ? Did some distribution started towards EOD action or just booking of some spectacular profits by some. Whatever it may be .. . In the chart I have hand drawn lines (approx) Cyan lines for long legs (major) of the lady and Magenta lines minor legs I am sure some may be able to eye some exotic patterns in between here Point wise even though it seems a perfect fit, Fib-Time projection is around 27th April (Note: I am just learning Fib-Time projections) Measurement of the ladys legs of Nov-Jan and April-March09 are just a Tick Difference 939.5 - 735.25 = 204.25 (6JanHigh - 21NovLow) 867 - 662.5 = 204.50 (16AprilHigh - 6MarchLow) I have cut loose most of my ES swing long positions today, bottom fishing in March was fun and this 100% leg swing on ES is good enough for me NQ is leading and in vicinity of 4thNov gap fill at 1381.25 Still keeping an Open Mind towards this spectacular Bear-Rally, but booked some profits today. Good trading to Ya a!! Minoo

Chart Update & Gap Observations: There is still Gap on the S&P 500 Cash Indices of 13 Feb at 826.84 This gap appears on both the daily and weekly 'Cash Index' charts, Though the ES 'Future Index' gap of 13Feb@816.75 was filled on '23April ' Nasdaq Cash Index left the gap above at 1259.81 yesterday of '23April' The above gap scenario is very interesting with Nasdaq leading so far. Sorry didnot manage to post this before the regular session opens but some important Questions to be aware off, Will it mark the intermediate high when the gaps above fills ? Yesterday was inside day for both ES & NQ, will it do da head-fake ? When Todays (25th March) gap at 803.25 fills whenever, Will it start the correction to this Bear Market Rally ? (Nasdaq cash just filled its 23 April gap at 1259.81, (so cutting loose the first long on ES at 821.5 measured alternate, Midpoint pivot, Previous High confluence area) around time of posting) Enjoy Minoo http://greatday.com/v.html?2243e07MRpn8

Chart Updates S&P kissed 800 yesterday, will 800 be the initial resistance play ? Possible Gap(s) fill levels of 13Feb09 just above ! Trying to keep an open mind here towards the trend, this Bear Market Rally presents I sincerely hope man that you all have fiddle with Doug Short charts as posted in the previous thread. Any Bottom Forming could take weeks to months to years, just keep things in context ( ) But one needs to make the low first & than test it Note: Bear's Big-Gaps of 9th March below, in any case of bottom making this probably will get filled, who knows how quick or long it takes . . .. . & dont presume anything when you get there either . . .. Keep Open Mind & certainly any BIAS Away Enjoy Minoo http://greatday.com/v.html?2238h07MRpn8

http://www.traderdna.com/learningCenter/articles.html Read Whats missing in Trading Psychology Other articles are good too. Ta Minoo

Hi Suri Many thanks for the previous symmetry chart Could you please check my 2B-Bull trade, it paid off handsomely but not sure If I put in the order at the right level (Green line 741.25) ? Did your indicator plot this on 610Tick or 2minute chart ? For some reason its easier for me to spot 2B-Buys rather than 2B-Sells Would you have taken it if your context (Fib Grids) didnot agree, as everything was heading south ? I took snapshot just before and after it triggered, please refer to my chart and comment Many Thanks Minoo

Bear Bottoming Process by Doug Short Click on the chart and through the upper tabs to play out the different bear market bottom forming process Note how many weeks, months %fall it took to start forming the bottom in compare to how quick and steep the main fall was Also note the bar above X-axis where the author starts the following bull market count from, Do you agree ? http://dshort.com/articles/2009/bear-bottoming-process.html ok this one is predicted to be an L shaped You can fiddle a bit more here http://dshort.com/charts/mega-bear-comparisons.html?mega-bear-quartet Enjoy Minoo

Hi Steve & Team Some thoughts and feedback the way I use your system I use the 55EMA as my fast line; this setup gives many excellent opportunities of retracement and pullbacks than 80MA & is more visual about its slope than the 80 I have done very well out of trading the continuation signals in direction of the slope I would sum it up simply as 'BOB off the Slopes' ( but the slope has to be evident) Mental routine which helps me with your system is 'Crunch, Cross, Test / reTest' ( ofcourse with BOB of the Slopes) This routine helps to keep me on the right side with trade anticipation in the prevalent direction In absense of the Slope-Evidence (or opposing slope lines) I mostly wait for the price to get in the crunch zone (narrow channel between MA's) and bracket it. This way the market gets to decide the direction and may get an good ride with it, (watchout for the peekaboo if you have jumped ahead of the cross) Your last post was very interesting and I am working on mean reversion plays when the Channel between the lines are wide And The difference between the recent Price low or high and the fast line is greater than the wide-chanell (between the MA's) Here the premise is Direction Exhaution may create pullbacks, retracements or even trend change with supporting TL's (simple wave count may help) If I find a pattern with the above condition than will play the double-bottoms, Victor Vic 2B signals, Opportunities of Higher Lows or Lower Highs from confluence of areas, etc I also auto-plot measured alternates as the lady quite often takes the steps of same size for pullbacks or retracement to 55EMA Steve what I have found from your charts that, the minimum you put on it the more & easily one can derive from it. Many thanks for showing us a good way which works and one which I will always use; When & where I fall is the moment, my mind skips belief in Simple Solutions Regards Minoo http://greatday.com/v.html?2229h07MRpn8

Attached pdf is the 8th March Article Title: A 3-dimensional approach to technical analysis Cycles - Breadth - Price projections from Andre Gratian of Turning Points Best to refer to the chart first before you read Elliot Enjoy Minoo http://greatday.com/v.html?2229h07MRpn8 TurningPoints-8thMarch09.pdf

Hi Steve I would like to ask you where you last left off Post 261, due to other commitments Below is the link for the post http://www.traderslaboratory.com/forums/32/ideas-for-struggling-traders-4333-27.html#post56155 Would you please kindly elaborate a good way to confirm the double-tops within your system; My obervation from the previous chart posted by yourself are: The Delta / Difference between the 80 & 200 MA lines is narrow (When narrow I called it the Crunch Zone) The MA lines has just cross (fast line is lower than slow) with the slope evidence Double Tops are the first test and retest of MA's after the cross Between the tops there are higher lows, a trendline support would be breached by lower price action after the double top was formed Regards Minoo

Hey Ryan below is an attempt to your original question to explain my answer & thanks to Zdo for pointing this original thread topic out Your Question Do you focus on a daily profit target or solely trading in line with your edge or both? Simple answer is 'I focus on my Edge Evident trading with thyself included as part of edge' My Explanation! My system has three important parts: Edge, Setup & Triggers Edge is based on two factors one is based on technical factor and the other is within, as trader-self; Trader-Self part is an regular pre-routine of the edge, has pre-market self preparation(This Self-indicator has functions such as of BIAS-Guard, Time-Out, Self-talk, etc) The technical part of edge is Market Internal based RADAR (derived from all the TRIN components) When the RADAR Conformance (RC) is 'Strong' (Edge is clearly Technically Evident) this happens only around 30% of the time and mostly results in trend trading from the price based charts. Its easier on trader-self with the given filter to avoid counter-trend trades. The self part is least taxed when the Technical Edge is evident & hence I am in the game mostly for longer time as my focus is least trying / tiring and the process is more of maintaing swing positions rather then taking, seeking & maintaining trades Over 70% of time my Edge is not Strongly Evident This presents more opportunities to open positions and hence more challenging to trader-self so I trade for less amount of time in one go but have different sessions. Staying-out, when edge is not technically evident, is an concious position by my Trader-Self in the live market. So 70% of time I trade with Prepared-Self (Edge) and Setups (based on Events, Stats (previous days and Globex only session), Areas, Price Patterns, Trendlines, Slope of Fib lines (very similar to Steve46 thread for Struggling traders where he uses 200 & 80 MA lines) but these are in smaller sessions These sessions are more challenging, mostly to remain out and only to Trigger when the Setup odds are good from an identified or defined area or their confluence. Its more challenging as opportunities are offered in both direction One's System is as efficient as, the least-performing-component (trader-self) of the overall system I developed the Self-Indicator to address the least efficient component & this has become the most Vital element of my trading. The time I can most focus at length is from 20 to 120 minutes, When the edge is evident (Stong RC) which is mostly during trending markets I can trade for longer with my simple mental market routine of direction continuation preference and counter-trend filter. When I am trading with Self and Setups (ie in absence of my technical Edge) my self part is working mindfully and so its usefulness is limited in active time. Other trading beliefs & practised processes to help develop Trader-Self part of the Edge are: There are no hard rules within my system, only self liking guidelines which thyself can more often than not profitably practise My mind does not know of any defined or indentified set-rules or set-boundaries, which it would like to break or is given habitual place to wonder off too. (This works fine with me) Whatever unprofitable activities it leads to is for learning purpose and tax free. (minimal to negligible self bashing, mind-drama, etc ) The takings are simply locked in and the upper or lower side of the game is kept open, this to me has become more of an automated process in trade management now. I like it due to the non-judgemental part of it. 'Direction Continuation' definition is when minor highs are broken repeatedly for up-trends and minor bottoms are broken repeatedly for down-trends, each minor breaks in prevalent direction are taken as potential 'scale in points' or entry-points. Other major non-judgemental part I use in my triggering mechanism is bracketing the trades at areas where price shows characteristics of Change, Chop, Continuation or Area based opprotunities. This process also reduces reliance on indicators and let the market take direction and to be with it. Also when preferred uni-direction becomes BIAS is where my self-indicator times me out (cant take new trades but can maintain trades) I do not use OCO each bracket orders with its own stop loss, Self maintained to remain focused in managment of trades and probabilities. The above may sound all good to me now, but if this was not developed by one's own trials and trubulations, than it would had been much challenging to put in practise. (self defeating) When mind matters it best to know and study one's characteristics first in an given environment, than be brutally be honest & true, as most times here the learner and the teacher are the same person. Simplicity based on the truth always Prevails, whether its matter of ones own self or off others. One can only make money consistently by their own system, where self is the most important but also the least efficient part of it. Sorry this turn out to be more long winded than I thought but Hope this helps. -Enjoy Minoo http://greatday.com/v.html?2228s07MRpn8

End of Day play update Soon after the scalps were posted my swing stop got hit! Heard the alert when DOW went below 6500, and took quick bullish scalp or two on the ES as DOW was showing some support Took Schedule break for Kids activity run and than attended to my End of day play. I mostly do this EOD plays if I am interested in Globex-only session but took the opportunity of these low prices and anticipated probability of Friday higher close. First just sclaped than as the area hold and formed double bottom at Daily midpoint pivot of S1S2, 685.75 put in the swing as well. Pl. refer to chart. Setup was Pattern double bottom at midpoint pivot and again Program buys thereafter kicking in towards the end of day Trigger was HOLP cross (High of the Low Pivot); Had good momentum so holding the swing position. Note the prices closed just above previous days close. ES performed better than NQ. I have used 5400 share-bars for my scalp workspace and 9 & 4 minute for my two swing position plays. BF I totally agree with you about focus & time-out; if I would have tried to play without taking appropriate breaks in between than would have attempted more on the Bulls side (my 06th March preference) and may have made a mess. The breaks in between kept me away from developing my Bull preference into BIAS. Still worse my early contrary-sense & as this herd of bears continues in its track, springs early opprotunities at various places in my mind for bottom fishing. I use my self-indicator to time myself out; Refresh & Regain objectivity, its absolutely so Vital! I was also making a point to few of my trading colleagues this week, that on big move days like today I do better without using much indicators but with Events & Patterns at Areas and as usual Tape, Tick and Premium in the background to help. Sorry so had to post quite a few charts in this thread. Hope this helps; Have a very good weekend Ta Minoo Denise yesterday, I started to dissolve most of my bear market funds and inverse-ETFs when market headed towards 680. Didnot much day-trade yesterday. This week must say I found Globex-only trading with FESX & ES quite profitable.

The Bottom Scalps have paid off Price didnot take out 700 level and went to trade the Globex low (678) and Previous Day low 676.25 found support here (traded this level for an hour or so) and Divergence was still noticeable so took the previous swings with these scalps Some Buy Programs kicked in too so that helped I am done now, if the previous swing gets taken out I will get an sound alert and may try again from the lows 650 ? ? Have a good weekend -Ta Minoo