we had: 1. options trading and grain trading presentations from career traders in those lines of business which were outstanding. 2. Hunter’s discussions of Value Area based on volume stats and market profile were superb and very helpful during a volatile week 3. numerous analytics of various implementations of some of my systems and the […]
Tag: Commodities and Futures
pre-market call on silver
the overnight session in precious metals was strong, and given the “maxpain” and oversold condition of silver, we ar prepared for an upward-trending momentum day in silver. An intraday move of 7% in silver is normal these days (between low of the day and high of the day) which translates to a move greater than […]
a good friend of mine interviewed me for his trading web site…
Describe your style of trading (short / medium / long term, trending / contra trend, what instruments….) I would describe myself as a trader in a combination of short-term and medium-term time frames. In my short term trading I would classify myself as intraday with willingness to hold overnight if circumstances warrant it. My medium-term […]
May 09, 2011: closing call Staying long Silver
the maxpain range compression startegy paid off; we saw a nice gap up at the open, and buying pressure all day in the indices and in silver especially. AGQ (2x silver) returned 14%+ , day over day, and offered a number of low risk intraday entries Oil, agriculture, and other selected commodities had their 2d […]
Premarket call May 08, 2011: all the precious metals up in the overnight trade
building on Friday’s momentum (or putting in the first peg of support) all the precious metals are up in the overnight trade; silver is in a perfect “max pain range compression” stage here, ready to break out of Friday’s relatively tight range in either direction with advantage Related articles Here’s What That Huge Commodity Fund […]
daily trading plan review link May 08, 2011
daily trading plan review link http://www.youtube.com/watch?v=ukYimU8A99U opportunities developing tactically in precious metals, energy, commodities on their significant pullbacks. Stable boring Dow stocks like KFT, JNJ, PFE, WMT cotninue to outperform Related articles Gold Bullion International to Demonstrate its Automated Precious Metals Trading and Storage Platform at FinovateSpring 2011 (prweb.com) Daily ETF Roundup: GDX Continues Slide, VXX […]
Silver futures weakness
uncharacteristic weakness in the silver futures overnight, stabilizing after down $2 oz; this is about a 4.5% discount; i’d be surprised if voume didnt come in to buy silver on sale and erase the deficit Related articles Silver surges to 31-year high, gold hits new record (telegraph.co.uk) Silver Flirts With $50 (online.wsj.com) The S.L.A (Silver […]
The effect of learning preference on stress management in peak performance moments
http://www.wired.com/wiredscience/2010/09/the-tight-collar-the-new-science-of-choking/ interesting use of the auditory channel to improve performance when under stress i do the same thing with the use of drum solos to help me concentrate when trading at key moments in the trading day classic chokes — appear to rise from the process known colloquially as “thinking too much” or “paralysis through […]
Tortoise daily trading plan review, Apr 24, 2011
http://www.youtube.com/watch?v=FkHEL2PUNrw daily trading plan review Market in Bull Normal; Market is Overbought on a short term basis Equities have stalled vicinity the previous swing high, with signs of confidence in emerging mkts and Asia beginning to emerge. Precious metals, commodities, energy of any type are dominating, especially silver Rebalancingproject: Monthly rebalancing : next re-evaluation on/about […]
Traders Roundtable: the fifth P of successful trading is Performance
A lot of beginning traders are under the mistaken assumption that if they have a back tested system, good preparation, and a relaxed state of mind that they have an almost certainty of being successful. If only it were that easy. All the preparation and the world does not guarantee effective performance. We still have […]