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Archive for September, 2014
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Introducing Thor

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September 30, 2014

Introducing Thor

Thor is a daily chart pattern trend following system which Scott came up with based on the work we both did for Heisenberg, and which is further leveraged off the old work done by Ivan. It is, in essence, an ‘Ivan take’ on a classic trend following system of the type everyone knows and was spearheaded by Richard Dennis and William Eckhardt (i.e the founders of the turtles). However the campaign management has been tweaked to produce a high SQN trend trading system, currently we are measuring approximately an SQN of 3.5.

High SQN equates with low drawdowns, as opposed to classic Donchian breakout trend following which has massive winners but massive [...]

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Tuesday Morning Briefing

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September 30, 2014

Tuesday Morning Briefing

Welcome to our morning briefing. Here we are reviewing short term setups ahead of the NYSE opening bell. If you are a scalper or swing trader then these setups may be of interest to you. As usual keep in mind that these are short term setups although they could be used as early entries for more longer term positions.

Quiet morning but we have a good ST entry on the equities side – I’m currently long above the 100-hr SMA with a stop below the 25-hr. The former is just about to swing higher and unless the spoos lose ground here the 25 may just drive it higher. It’s becoming do or die time for the bulls – the recent whipsaw increases the chances [...]

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Spot On

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September 29, 2014

Spot On

You guys have to give me a tiny bit of credit today – after slaving away 20 hours plus last weekend and barely being awake I somehow managed to pick the lows of the day in the morning. Alright, technically I was off by 1/2 handle – I hope you accept my apologies then:

It’s all in the wrist folks – and a bit of dark magic of course. The bad news however is that the bulls may not be out of the woodworks here just yet. A rather aggressive bounce this morning but that may be just EOM painting – recall that tomorrow is September’s last trading session. Oy vey – I can already here the Christmas commercials – the horror! Yes, [...]

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Monday Morning Briefing

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September 29, 2014

Monday Morning Briefing

I can’t believe it’s Monday already – time flew by for me last weekend as I was spending over 20 hours coding on Thor. Which by the way would be done today had it not been for some mysterious Kinetick data feed issue which effectively wasted five hours of my Sunday. No worries my resident team of highly trained ninja assassins (i.e. they scored high in Mortal Kombat) has already been dispatched. I put in some extra hours however and am pretty close to an early release – give me another day or so.

So it looks like we’re not done yet on the equities front. See, I told you on Friday that I would have preferred a more solid touch of the [...]

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    Over the past two months we have been navigating some pretty volatile tape which in the process offered us several swing trading opportunities. As a result I have been …
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