"The market is being put to the test continually by (...) the floor traders. These shrewd fellows are always on the alert to ferret out a weak spot in the market..."
(Richard Wyckoff, Studies in Tape Reading, 1910)
Big names like Marty Schwartz and Victor Sperandeo openly worried about the...
"Have a look at how trading unfolds in the week before the quarterly (...) expirations. If share prices are volatile (...) it often indicates that major players are unwinding positions prior to maturity. This suggests that Friday is likely to be a yawner. However, if events are quiet early on...
What I have read is that expiration days can display either unusual volatility or dullness. The activity the week before the Friday being the tip-off - high volatility tends to lead to dull expirations, etc.
This may help:
http://www.elitetrader.com/vb/showthread.php?s=&threadid=1980&perpage=6&highlight=backtesting%20and%20excel&pagenumber=2
http://www.elitetrader.com/vb/showthread.php?s=&threadid=47217&highlight=slippage
Good luck++
Are you ready to take the time to build a system and follow it blindly? (not a two second answer!)
If not, then systematic trading may not be for you.
Are you ready to come up every morning with no trading plan and try to capture fractions like a pure scalper?
If not, then you may look...
Hum, I remember reading that after his greatest coup (the 1929 crash) he lost all his money because he invested - not judiciously, in real estate, inventions, etc. Livermore then concluded that one should always stick to his domain of expertise++
Food for thoughts on Neutral Days:
"I have noticed that if a market is going to unfold into a neutral day, the expansion above or below the [IB] will not exceed "x" number of ticks."
"In the T-Bond, I have noticed that 4 ticks is the outer boundary of expansion that one can lean against...
Hi Handle,
Please keep your thread alive - because I want to do things in proper order, I will read your moneytec thread before asking questions here - I have questions!
There is a Global Industry Classification Standard (GICS®) - details plus Bloomberg & Reuters tickers can be found at http://www2.standardandpoors.com/servlet/Satellite?pagename=sp/Page/IndicesGICSPg&r=1&b=10&l=&s=&ft=&ig=&i=&fr=&fig=&fs=&fi=&f=&xcd=
Yahoo works with Reuters tickers, using...
The only one I've heard of
http://tradeguider.com/Cmetho.asp
but I would be rather suspicious about it. A system based on bid/ask & volume analysis can be called "tape reading system" only by analogy. They refer to Wyckoff - but Wyckoff himself was cautious about "mechanical" trading and...