Recent content by riskette

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    “Inside the Investor’s Brain”--little by little, I’m rewiring mine

    There’s an old French adage—“little by little, the bird builds his nest.” I didn’t want to believe my mentors when they told me that it would take years to learn to trade. 3 years later, I believe it. Armed with a good plan, high probability methodology and indicators, I still often...
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    Hindenburg Omen

    other sources for new high/new low data: Reuter's http://today.reuters.com/investing/MarketsAdvDec.aspx WSJ http://online.wsj.com/mdc/public/page/marketsdata.html?mod=2_3000
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    Protecting your capital from medical collection agencies

    Another alternative--hide yourself offshore. I hear place like Canada and Great Britain have lovely medical systems that are absolutely free! Riskette, MD
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    Time clock software

    I have also been looking for something similar, and can't find it. But, this looks promising http://www.qlock.com/pro.html . You can add your own notes to each time zone with the hours of the various exchanges. If you don't want to use monitor space you could use these clocks...
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    Anyone know why the selloff at 3pm?

    "Anyone know why the selloff at 3pm?" more sellers than buyers
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    Whats the best fibonacci and Elliott wave TA book?

    I liked "New Frontiers in Fibonacci Trading: Charting Techniques, Strategies & Simple Applications" by Michael Jardine
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    A question about ensign paint bars

    I use InteractiveBrokers data feed which is free and great for daytrading. As I mentioned, I use TS and Genesis mainly for longer term charts and things that Ensign doesn't have. Genesis has Committment of Traders data, for example, and very long term continuous contract data for any futures...
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    A question about ensign paint bars

    feb2865, Ensign does this easily (see pic). You can completely customize many of the parameters on stochastics and other studies. From the properties window notice that you can color the price bars based on zones of OB/OS. You can do so much with this program that it is hard to know where to...
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    questions on counter trend system

    travis, 2 things off the bat: 1) Average True Range of a shorter time range will likely be smaller in the second chart; 2) Momentum indicators will show a big difference (RSI, MACD, ergodic, etc). Again, you might have to go to a smaller time frame. Also, looking at the action of the...
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    My backtested system consistently beats the S&P500

    Dear Stocktrader1985, I don't know your system but make sure you have accounted for survivorship bias in your backtesting. "Survivorship bias is the tendency for failed companies to be excluded from performance studies due to the fact that they no longer exist. It often causes the results...
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    trailing stop vs. take profit

    Osteve, Different multiples of the standard deviation of volatility will give you different levels of confidence in how likely the stop level is signaling a real reversal. In my simplistic mind I think of it this way--if I use a stop based on 2 standard deviation multiple of the 2-bar ATR, then...
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    trailing stop vs. take profit

    article didn't attach. Trying again. BTW you can find the article and others for free on her web site. http://www.kaseco.com/support/articles.htm this one is called "Setting Stop Losses Using Price Volatility"
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    trailing stop vs. take profit

    Travis, I think the ideal system would incorporate different options for taking profits. A hard target based on support/resistance, or a hard target based on a known high probability profit amount, or an exit based on change of momentum signalling a reversal, or a trailing stop, or a time stop...
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    Cramer unbelievable "caught on tape"

    the interview is still on thestreet.com www.thestreet.com/video/cramermarketupdates/10329438.html
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