Monthly Archive for August, 2007

Just wanted to alert everyone of a new blog roll link – Amibroker Fan. We have been talking for the past couple of days, and his signals and insights are invaluable as a futures commodity trader. Definitely worth visiting and subscribing to!

So today was a highly experimental day. As you can see on my equity chart, I threw in a single trade at around 6:30 for a small loser, then didn’t trade until around 8:00 AM. I spent the hour and a half resetting up my screens and adding in stochastic indicators (Fast, RSI, and MFI) and learning the MACD. That being said my trading strictly based on these indicators was terrible. These seem to work best around the 5 minute time frame, and if you look below the wicks on the 5 minute bars (even the 1 minute bars!) were huge! This was a highly oscillatory market with very little momentum. Once I began to use the ticks in conjunction with the new indicators I was lobbing away with quite a bit of success until my last trade which indicated it was time to quit. I wasn’t using my new indicators to invalidate a good tick stochastic, and got myself caught on a huge down jump. Live and learn, tomorrow I will focus on appropriate ranges for the indicators where-in the ticks will provide the best entry/exists.

As you can see I was doing quite well recovering from my losses for a little while, then lobbed in a bad one… must work on consistency and use enough capital to allow for bet sizing.

Look at the wicks on these ticks! Hugely oscillatory market! Great day to actually use the raw ticks, they seem to be more valuable when there aren’t strong trends.