The military planning process offers powerful insights that traders can apply to improve their trading practice dramatically. This article looks at the powerful idea of the Concept of the operation. The concept of the operation immediately follows the Mission Statement and Commander’s Intent, which lays out the critical tasks and purpose of any operation, and […]
Category: Planning
Profitable ETF Trading Strategies: adapting the best practices of military planning
The Military Decision Making Process is a reliable way for military unit commanders and their staffs to conduct rapid yet thorough planning and produce highly reliable plans that have an excellent chance of producing success on a complex and uncertain battlefield in the face of a dedicated, adaptive enemy bent on their destruction. It is […]
Reflecting on the source of qualitative judgement
Profitable ETF Trading Strategies: introducing “ready fire aim” for traders
If you don’t have confidence in your understanding of the market you are trading, and or have a specific strategy that has a definable set of rules for scanning, filtering, stalking, entering, managing, and exiting your trade, you might think of the opportunities in terms of “Ready-Fire-Aim” instead. Performing these 3 tasks in a different […]
Profitable ETF Trading Strategies: developing a new oscillator, the NDX()
In my last article I described two problems that I had with the otherwise excellent technical indicator known as Williams %R. I just like the scale which goes from zero to -100 which seems counterintuitive, and I don’t like that uses today’s price action when calculating the index value which hides information concerning breakout days. […]
Profitable ETF Trading Strategies: understanding Williams%R, a simple oscillator
Oscillators are tools of technical analysis that are used to identify periods of time when price can be considered in an overbought or oversold condition. The overbought and oversold conditions are found at the extremes which vary based on how the oscillator is constructed. Some oscillators look exclusively at price with respect to the range […]
Profitable ETF Trading Strategies: how to trade the opening gap
There are literally hundreds of tactical trading books in the marketplace these days. Almost every one of them will discuss the authors favored strategy or strategies for trading the opening gap. The strategies are typically framed as a set of trading heuristic rules, of more or less complexity, and they’re backed up with assertions of […]
Profitable ETF Trading Strategies: understanding Average True Range (ATR)
One of the most powerful measurements in the technical trader’s toolbox is Average True Range, invented by Welles Wilder, and found prominently near the top of every major charting package that can be found on the web. Its power is what makes it so popular. I always recommend to traders that they use ATR for […]
Profitable ETF Trading Strategies: Respect Volatility, use its power for good
At the most fundamental level, volatility is the fluctuation in the price of an asset. The greter the price swings in the shorter periods of time, the greater the volatility. Periods of great volatility are like thunderstorms. They get your attention. Volatility is an absolute requirement for a trader to make money. Most investors look […]
Profitable ETF Trading Strategies: Stalking your way to success
One of the more neglected topics in trading systems development is the concept of stalking. Traders, particularly early in their career will tend to spend lot of time, if not ll of their time, focusing on the entry, reasoning that if they can get that part right they will have some control over the market’s […]