Duxon's Archive
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So, having begun formal operations with my partner in India (on a trial basis) I am finding that, though he suggested he spends almost as much time trading as I do, in actuality, he spends almost no time trading (on his own) at all. Consequently, I doubt we will continue to collaborate after this week. But, for the time being at least, most of my thoughts are being shared via a private platform between the two of us. Nonetheless, there ARE a couple of things I want to note where I am more likely to run across them again, hence the following entry...
Having begun official operations as a practitioner of Numerical Price Projection (NPP), here is what (I think) are my ultimate views:
I used to debate whether the 20-, 30- or 40-minute baseline should be the primary arbiter of my decisions at the day trading level, but in fact, it is none of those. Rather, it is the 13-minute baseline.
The other three measures mentioned above ARE important however, but as PRICE RANGE ENVELOPES and NOT as baselines. Together, they convey the gist of where price is headed at the intraday level, or the directional tendency of price action, if you will.
Moreover, these channels, at the proper deviation levels, constitute the levels at which the "immediate" trend will, more often than not, elect to reverse direction. By immediate trend I am referring to the five-minute to 15-minute flow of price.
These reversals are best conveyed on a five-minute chart using the six-minute baseline and the ten-minute dynamic price range envelope, with the first indicator "riding" the upper band of the second when the immediate trend is bullish, or riding the lower band when the immediate trend is bearish.
(When the trend is neutral, the six-minute baseline will embark on a more-or-less sideways, or horizontal course between the two bands.)
Even so, one should probably be looking to enter short positions ONLY when when the 13-minute baseline is sloping downward, long positions ONLY when the 13-minute baseline is sloping upwards, and to remain on the sidelines when the 13-minute baseline is neutral. Also, the best time to enter positions is when the slope of the 13-minute baseline matches the slope of the three consensus price range envelopes mentioned above
Our family at my maternal grandparent's house. I must have been in about the seventh grade...
Apparently it was more important to include the empty chair seat in the picture than the right half of my body. (I get as much respect from my family as I do from some of the contributors to this forum.)
Apparently it was more important to include the empty chair seat in the picture than the right half of my body. (I get as much respect from my family as I do from some of the contributors to this forum.)
One of those Shark Tank specials. I think Lori Granier was the one who funded that one. They had a great sales run after it aired.
What are the ideas behind Jeff Snider's Eurodollar thesis?
A pillar of Jeff Snider's Eurodollar thesis is the foreign requirement of dollars to pay off dollar-denominated debts, and that many deflationary events tend to happen as a result of central bank-led liquidity squeezes in the global market.
A pillar of Jeff Snider's Eurodollar thesis is the foreign requirement of dollars to pay off dollar-denominated debts, and that many deflationary events tend to happen as a result of central bank-led liquidity squeezes in the global market.