Trading Ideas Worth Sharing.
Publication of the TraderAssist® Inner Circle of traders. “There is plenty of room at the top but its real damn crowded at the bottom, no?”
One of the first things a trader needs to master is the language of trading and that includes basic definitions. So while I may be running the risk of reminding a few of you of the bad old school days, you need to get your head around these terms and categories. It will make trading life allot easier, mastering the terms of the trade. Plus, you can set up a risk reward matrix for yourself to make your analyst process of our ( or any of our friendly competitors ) trading systems flow more precisely.
The more “Aggressive” is the more activity it executes. The less a system trades the more “Conservative” it is considered. And somewhere in between it is “Moderate” strategy.
A Day Trader (intra-day trading more than 2 trades a day, everyday) can be labeled aggressive when an exit MOC Day Trader is seen as moderate(1 &1/2 trade a day 4 times a week) to conservative ( 1 time a day 2 times a week).
Daily Swing Strategy (Any system that holds past the close into the globex session is a swing trader). An aggressive Swing trader would be 6 to 7 times a month for positions that last 1 to 3 days, the Moderate Swing will trader 3 to 4 times with holding periods of 1 to 3 days.
A trading strategy / method can be robust or specialized. That is, it can trade generically well over any liquid market or it is specialized to only trade a particular market or segment, but not both ways.
There are six (6) basic types of systems: Bar chart pattern (flags, pendants, etc.); volatility-expansion or breakout; trend following; momentum driven, trading range or anti breakout and change of trend direction. While many of us see ourselves as “SuperMan” most of us have to accept the way a system trades else the thing will not get executed. This is an area where you just do not want to lye to yourself.
Product list with categories.
Eclipsed Phase II Day Trader: Moderate and specialized, specializes on stock index futures. Volatility breakout day trader. Exits are money and price based.
Eclipsed Phase III Day Trader: Moderate and specialized, its focus is on High Visibility Commodity futures like precious metals or energy. It is a volatility breakout day trader. Exits are money and price based. Eclipsed Phase II trading RB is up $16,730 on a DD of $3,155 with a win rate of 59% and a percent gain of 83% in 4 months! (Source Futures Truth year end issue.)
%C– Day Breaker builds 3 (2012): Moderate activity and specialized S&P/DAX day trader. Trades breakouts and reversals from support and resistance zones. Only three variable concepts all of which are filters including %C.
Big Dog Day Trader: Conservative and robust. Captures change of trend days to exit no later than market on close. 99% price based!
Big Dog Swing Trader: Conservative and robust. Captures change of trend days hold into a 1 to 3 day swing. Entries 100% price based and exits are money based.
Gator build2 (2012): Moderate and specialized favors high priced headline news futures (e.g., Oil, Gas, Gold and Silver). Captures channel breakout for kickoff of a multiple day swing. The old build one(1) ranks #7 at Future’s Truth for the last 12 months up a net 168%. Build2 is better.
Wolverine: Conservative and robust. Trades FX and Futures; Captures momentum serge kickoff for multiple day swing. Exits are mostly price based and a percent profit money target.
Great and Many Thanks,
Jack F. Cahn, CMT
Over the last 25 years I have worked with many of the big names as well as the quiet achievers. I have developed hundreds, if not thousands of strategies that are valid trading concepts. I call them CBI’s building block. The indicators, methods and strategies I researched along the way capture particular trading concepts and quantify its capability.
All of the building blocks allow you to customize them directly into your personal trading style or risk policy.
The goal of the CBI building block series of indicators and systems is to allow you to:
1. Learn a trading strategy, understand it and apply it to your trading.
2. Customize the strategy based upon the risk and reward you’re most comfortable with.
3. Trade the strategy either systematically or add your favourite indicators to it.
Full disclosure in English and code is given with each strategy. And each strategy is precise – there is no guessing as to what to do – you have the exact trading rules and the historical results based upon those rules.
The first four in the series:
1. Virtual Aberration: long term trend following system with scale out exit.
2. %C-Day Breaker Original: day trades S&P with support and resistance zones.
3. Play Gap: day trades in the direction of a opening gap surge.
4. Coyote: applies Commodity Selection Index (CSI) into a real time trading strategy
Futures Truth Magazine Issue #4 dated Feb 3, 2012 recorded: Eclipsed Phase II trading RB is up $16,730 on a DD of $3,155 with a win rate of 59% and a percent gain of 83% in 4 months!
Big Dog Day Trader on 10 markets plug in remains on sale 1/2 off utill the end of May , 2012.
April 2012 For TradeStation Brokerage Clients only via TS Network CBI’s Advanced Trader’s ToolKit is available. Just go to the TS Network pages to sign up for a free 30 day trial. Again for TS brokerage clients only.
PEOPLE WANTED! I am looking for a couple of my TraderAssist members or some of my MTA /MTA Foundation buddies to join with me at TED. To help me kick around some of the new thinking coming out of this gruop by joining the Ted Community abd watching a few lectures. My profile pages list a few presentations that will stimualte some freash ways of seeing the world. Here is a video that should change the way you look at leading and amking a lasting impression.