Sunday, January 31, 2016
Forex Systems Tester Loves DTS Trading System
The Diversified Trading System day trading software (DTS), continues to shock and amaze those who use it. And I m not just talking about newbie traders I m talking about seasoned futures, forex and stock traders. First it was Erich Senft in the futures space. After 17 years of trading futures, he dumped his old method and now exclusively trades with DTS because DTS is so much easier and relaxed. I m never rushed and it s so much less subjective because it tells me when there s a good trade setting up. Now there s Omar Eltoukhy, a Forex pro who s learned technical analysis the hard way, spending countless hours staring at charts and looking for complex patterns. In the video below Omar gives you his take on DTS and admits how skeptical he was when he started using it. No surprise there Omar has tested over 60 Forex trading systems, in depth, and found almost all of them lacking in various ways. But DTS impresses Omar and in the video below you find out what Omar likes about DTS
https://www.indicatorwarehouse.com/forex-systems-tester-loves-dts-trading-system/
Do You Need to be Smart to Day Trade?
Here is another truism I heard today, “There is so much money in finance today, that it doesn’t pay to be smart. Just don’t get hit by a bus!” Now sit back and give that some deeper thought. It shouldn’t take long before you realize the reality in those words as it relates to the markets and the ability to day trade them. You don’t need to be the smartest, most talented person, with highly developed math skills to day trade successfully. It is, in fact, the code developers not the traders that must operate at the speed of light turning transmitted bits of data into actionable algorithms in the financial markets. Back to the first truism from above – that it doesn’t pay to be smart when it comes to finance – or so it seems. Honestly this continues to be a true statement no matter how far back we look – all the varied crashes, financial collapses and calamity, bubbles bursting as the love/hate relationship with the US dollar as it expands and contracts.
https://www.indicatorwarehouse.com/smart-day-trade/
Friday, January 29, 2016
Getting Hit by a Bus or how not to!
Here is another truism I heard today, “There is so much money in finance today, that it doesn’t pay to be smart. Just don’t get hit by a bus!” Now site back and give that some deeper thought. It shouldn’t take too long before you realize the reality in those words as it relates to the markets. You don’t need to be the smartest, most talented and have developed all your skills, to be successful in finance. You do however need to be smart, with talent and have developed skills in numbers, correlations, statistics and probabilities. The aforementioned skills are invaluable in determining the over/under value, but it is the coders the algorithmic developers that can operate at the speed of light turning transmitted bits of data into actionable generated automatic responses. These are the folks that really do command our attention due to their abilities to implement those algorithms in the financial markets. Back to the first truism from above – that it doesn’t pa
https://www.indicatorwarehouse.com/getting-hit-by-a-bus-or-how-not-to/
Thursday, January 28, 2016
Market Analysis … The Big Picture
Looking at the Markets Through a Big Picture Lens The first step to good market analysis is the easiest of the steps to do, yet it is surprising how few traders actually do it. The first step to analyzing a market is to determine where the market is relative to where it has been. In other words you need to get a “feel” for where the market is right now. Trying to use your trading software without doing this first step is equivalent to trading in a vacuum. When most traders analyze a chart, they begin by devoting the majority of their attention to the daily chart. A few of them might occasionally consult a long term chart out of curiosity without paying too much attention to the information presented therein. Their reasoning is that the information from the daily charts eventually makes up the data on the weekly and monthly charts anyway; therefore the daily chart is where their attention should be. While it is true that the data on the daily chart does eventually make up the wee
https://www.indicatorwarehouse.com/market-analysis/
Wednesday, January 27, 2016
Day Trading… The Big Picture
Looking at the Markets Through a Big Picture Lens The first step to good market analysis is the easiest of the steps to do, yet it is surprising how few traders actually do it. The first step to analyzing a market is to determine where the market is relative to where it has been. In other words you need to get a “feel” for where the market is right now. Trying to use your trading software without doing this first step is equivalent to trading in a vacuum. When most traders analyze a chart, they begin by devoting the majority of their attention to the daily chart. A few of them might occasionally consult a long term chart out of curiosity without paying too much attention to the information presented therein. Their reasoning is that the information from the daily charts eventually makes up the data on the weekly and monthly charts anyway; therefore the daily chart is where their attention should be. While it is true that the data on the daily chart does eventually make up the wee
https://www.indicatorwarehouse.com/the-big-picture/
Tuesday, January 26, 2016
Day Trading Profits… Explained
The Difference between Realized and Unrealized Profits When discussing profits there are actually two different types of profits from making trades. The easiest way to differentiate the two kinds of profits comes down to a simple question are you making money or losing it? Realized Profits A realized profit is monies that are generated after a completed trade, or one that has been completely exited, where the trader made money from the deal. Realized profit is typically deposited directly into the day trader’s trading account at the end of the day. It is actual funds that can be withdrawn or transferred to a bank account. Day traders will see all of their realized profits on the balance sheet of their trading account statement. Depending on the account, realized profits will be tracked as part of each individual day’s trading success. Unrealized Profits In day trading futures, an unrealized profit is the equity held in a currently active trade, or a trade that is yet to be exi
https://www.indicatorwarehouse.com/the-difference-between-realized-and-unrealized-profits/
Monday, January 25, 2016
Realized and Unrealized Profits when Day Trading Futures
The Difference between Realized and Unrealized Profits when Day Trading Futures When day trading futures, a successful day trader discussing their profits for the day is actually describing one of two different ways of realizing the profits they are making on their trades. In the futures market, there is a significant difference between both types of profitability can be quickly realized as making or losing money. Realized Profits A realized profit is monies that are generated after a completed trade, or one that has been completely exited, where the trader made money from the deal. Realized profit is typically deposited directly into the day trader’s trading account at the end of the day. It is actual funds that can be withdrawn or transferred to a bank account. Day traders will see all of their realized profits on the balance sheet of their trading account statement. Depending on the account, realized profits will be tracked as part of each individual day’s trading success. Un
https://www.indicatorwarehouse.com/the-difference-between-realized-and-unrealized-profits/
Sunday, January 24, 2016
Saturday, January 23, 2016
Money Management… the Secret Sauce of Trading
The million dollar question I get on the phone and via e-mail is “How many contracts should I trade with a $XXX.XX account”? The next big question is “What should my stops and targets be for XXX instrument”? To be completely honest, I have no idea! I can tell you what I do when I day trade the NQ, but that’s what “I” do; my account size, trading style, and risk reward ratios are more than likely different from yours. The key to the answers of these tough questions is sound money management and risk management. I like talking about the Trade Manager and how it makes money management easy, but you know me, I’d rather show you in a video. //www.youtube.com/watch?v=TEhoiabnz60 Day trading can be hard; the reality is that more traders – of all kinds – fail because of poor Money Management. Professionals have known this for years. Risk Management is drummed into the heads of every Fund Manager, Market Maker, Investment Adviser – as Job Number One. Mone
https://www.indicatorwarehouse.com/dts-101-part-3-money-management/
Friday, January 22, 2016
Generate Day Trading Profits with a Small Account
Day Trading Profits are Not Just For Large Account Traders While it is certainly true that it takes money to make money, not everyone has a well-funded trading account for their investment portfolio. Typically, beginning traders usually start off with a relatively small account, just large enough to cover the required margin. While traders learn trading, a small account offers minimal losses. It also requires extremely strict risk management (especially money management), simply because to protect any day trading profits, there is no room for any mistakes or an unexpected loss. Making Trades with a Small Trading Account Having an under capitalized or small day trading account creates significantly more challenging problems when making trades. Alternatively, accounts that are fully funded have significant buffers against any unexpected loss or error in trading. For individual day traders that have a small account, they simply do not share the same luxury. Those with large accounts have
https://www.indicatorwarehouse.com/generate-day-trading-profits-trading-with-a-small-account/
Thursday, January 21, 2016
Generate Day Trading Profits Trading with a Small Account
Day Trading Profits are Not Just For Large Account Traders While it is certainly true that it takes money to make money, not everyone has a well-funded trading account for their investment portfolio. Typically, beginning traders usually start off with a relatively small account, just large enough to cover the required margin. While traders learn trading, a small account offers minimal losses. It also requires extremely strict risk management (especially money management), simply because to protect any day trading profits, there is no room for any mistakes or an unexpected loss. Making Trades with a Small Trading Account Having an undercapitalized or small day trading account creates significantly more challenging problems when making trades. Alternatively, accounts that are fully funded have significant buffers against any unexpected loss or error in trading. For individual day traders that have a small account, they simply do not share the same luxury. Those with large accounts have
https://www.indicatorwarehouse.com/generate-day-trading-profits-trading-with-a-small-account/
Wednesday, January 20, 2016
Tuesday, January 19, 2016
Is Simplicity Good in Day Trading Software?
Day Trading Software Simple can be Better Some day trading software is enormously complex. It s a common misconception among end-users that a greater degree of complexity in a piece of software translates directly to that software being more powerful. In fact, some of the best trading software out there takes complicated processes and reduces them to simple procedures within the software. The lesson to take away from this is that a more complicated interface does not necessarily mean that you re using the best day trading software out there. Why Should Your Day Trading Tools Be Simpler? The goal of a good programmer is not to create the most complex system possible. The goal of a good programmer is to create a system that s capable of performing very complex actions but that makes the process of entering the variables that control those actions simple for the user. In terms of what day trading tools offer, this means that they should be capable of carrying out very sophisticated proce
https://www.indicatorwarehouse.com/is-simplicity-good-in-day-trading-software/
Sunday, January 17, 2016
Plato’s Allegory of the Cave… and the Truth about Trading
Twenty four hundred years ago, Plato, one of history’s most famous thinkers, said life is like being chained up in a cave forced to watch shadows on a stone wall. This made me think of all the false truths fed to self-directed retail day traders. All you have to do is go look at some of the free trading forums on the Net to see all the people who are still locked in the Cave of unrealistic expectations. //www.youtube.com/watch?v=1RWOpQXTltA I hope this will make you think a little bit. So that, the next time you re on a public trading forum and you see people complaining about a trading system having losing trades (as if any system would ever have 100% wins), think about the reality of trading and that it is not a matter of just the ideal perfect signal. Instead, it is more a matter of honing one s craft and merging science (mathematical algorithms) and art (practiced technique). Come into the light! P.S. Once leave the Cave, you re welcome in our Room. Please jo
https://www.indicatorwarehouse.com/plato-cave-allegory-truth-about-trading/
Friday, January 15, 2016
Manage Your Risk When Day Trading Futures
Day Trading Futures: Manage Your Risk! It is important to develop the skills to manage your risk when day trading futures. This often requires effective techniques that many investors typically do not have. Most traditional stock traders tend to buy mutual funds or stocks and hold them for lengthy periods of time, with only an occasional glance at current quotes. Day trading futures, however, rarely allows a trader to follow any buy and hold strategies since the price of commodities tend to fall and rise over time without the normal trending line that a traditional stock tends to follow. The number one reason for managing risk is to manage your open positions to safeguard against potential loss. If you feel stressed as an trader, it may be that you are holding too many open positions. Most successful individuals only invest 1 to 2% of their monies in any given trade. However, a smaller trader typically is not provided the luxury of having such a large margin account. Instead, they m
https://www.indicatorwarehouse.com/manage-your-risk-when-day-trading-futures/
Master the Art of Day Trading
Creativity, perfection, and cheating the impossible. I recently watched this inspiring Ted talk by Philippe Petit (high wire artist and death-defying magician). He is the real-life person that inspired the recent the movie The Walk, the docudrama of his amazing real-life tightrope walk between the Twin Towers. For better or worse, after all my years of being involved in day trading, often times I associate things in life with action on a chart. If I m going through a rough spot in my life I think of it as nothing more than a dip in my daily life action that is hitting a point of support. As such, my expectation is that it will eventually bounce and rise into a positive trend in the near future. Of course, using this metaphor, there are times when I also bang up against personal challenges or as I call them life resistance points. As I was listening to Philippe s amazing story, I could not help but think of how it applies to this incredibly challenging, frustrating, and ultimately
https://www.indicatorwarehouse.com/master-day-trading/
Wednesday, January 13, 2016
Getting Paid The Big Bucks To WAIT
The reality is more trades does not always translate into more profit. In fact, I would venture a guess that many of our members that have traded for a few years can attest to the fact that the times they remember the most active trading have been times that probably started off well, and ended in some spiraling horror story. I personally have shared more than a few of these with people along the way, as I have experienced that phenomenon myself. One day, when I was doing some research about market auction theory I stumbled upon a great article from a university professor. In his talk, he said something that stuck in my ear. He said the best traders get paid the most money to wait. What? How does that make sense? Don t we have to be active to get the best gains? But then again, I was approaching a point in my own trading career where I was simply sick of losing the gains I had previously made since I knew how to identify good trades, and I seemed to have a handle on th
https://www.indicatorwarehouse.com/getting-paid-the-big-bucks-to-wait/
Monday, January 11, 2016
Trade Service vs. Trading System
Day Trading Profitably without Learning a Day Trading System? There are two opposing ways to become an effective day trader that has the potential to generate more profits than losses. The first one involves extensive trading instruction, training and that priceless commodity time , that might also involve books, webinars, seminars, mentoring and online courses. The alternative method is to trade without learning any specific day trading strategy or using a day trading system and that is by relying on a professional analysis and trading service instead. While both methods can prove to be highly effective, preference of one over the other is strictly an option chosen by the investor. Day Trading Instruction The following list outlines the popular ways of learning how to day trade effectively and profitably. Each type of trading instruction has its own strengths and weaknesses. From the list below, there is some type of day trading system that will work well for every kind of studen
https://www.indicatorwarehouse.com/how-to-day-trade-profitably-without-learning-a-day-trading-system/
How to Day Trade Profitably without Learning a Day Trading System
Day Trading Profitably without Learning a Day Trading System? There are two opposing ways to become an effective day trader that has the potential to generate more profits than losses. The first one involves extensive trading instruction, training and that priceless commodity time , that might also involve books, webinars, seminars, mentoring and online courses. The alternative method is to trade without learning any specific day trading strategy or using a day trading system and that is by relying on a professional analysis and trading service instead. While both methods can prove to be highly effective, preference of one over the other is strictly an option chosen by the investor. Day Trading Instruction The following list outlines the popular ways of learning how to day trade effectively and profitably. Each type of trading instruction has its own strengths and weaknesses. From the list below, there is some type of day trading system that will work well for every kind of studen
https://www.indicatorwarehouse.com/how-to-day-trade-profitably-without-learning-a-day-trading-system/
Sunday, January 10, 2016
How to Use Day Trading Strategies
Day Trading Strategies can make trading Hurricane Commodities profitable! Most traders that use day trading strategies to buy and sell commodities are unaware that they can analyze weather patterns to determine if they should enter or exit a futures contract. With hurricane season officially beginning at the beginning of June every year and lasting until the last day in November, there is a danger zone for all growing crops along the eastern seaboard down to the southern states and across the Gulf Coast. This area will stretch from Texas to Florida and even points farther north. Additionally, Mexico and the Caribbean often find themselves in the direct path of dangerous hurricanes. Though the patterns of hurricanes tend to be unpredictable, every year at least a few tropical storms will begin to develop off of Africa’s western coast and start to build up in intensity. As the tropical storm elevates in strength, it begins to concentrate and move westward toward the United States. Bas
https://www.indicatorwarehouse.com/using-day-trading-strategies-to-enter-and-exit-hurricane-commodities/
Saturday, January 9, 2016
Using Day Trading Strategies to Enter and Exit Hurricane Commodities
Using the right Day Trading Strategies can make trading Hurricane Commodities profitable! Most traders that use day trading strategies to buy and sell commodities are unaware that they can analyze weather patterns to determine if they should enter or exit a futures contract. With hurricane season officially beginning at the beginning of June every year and lasting until the last day in November, there is a danger zone for all growing crops along the eastern seaboard down to the southern states and across the Gulf Coast. This area will stretch from Texas to Florida and even points farther north. Additionally, Mexico and the Caribbean often find themselves in the direct path of dangerous hurricanes. Though the patterns of hurricanes tend to be unpredictable, every year at least a few tropical storms will begin to develop off of Africa’s western coast and start to build up in intensity. As the tropical storm elevates in strength, it begins to concentrate and move westward toward the Un
https://www.indicatorwarehouse.com/using-day-trading-strategies-to-enter-and-exit-hurricane-commodities/
Thursday, January 7, 2016
Choosing the Right Day Trading System
Ah, the “system”, this is everyone’s favorite topic. For me, this is actually very simple: Keep it simple! Like I have stated before, the overnight markets tend to move a little slower and more logically in my opinion so why not keep it simple? If you are looking at a trading system like the Diversified Trading System, that’s great! But if you are using your own all I can say is that I have personally found the more complicated a day trading system is the more likely I am to make mistakes. It is my opinion that simple trading systems deliver better probabilities than more complicated signal generators that have too many variables that we have to make decisions on. Once again, I would much rather demonstrate this on video; writing about it is great, but trading the pre-markets is a visual business. //www.youtube.com/watch?v=t-RsYLbLmzo P.S. I invite you to join us every Wednesday in our Free Trading Room. Click HERE to Register.
https://www.indicatorwarehouse.com/choosing-the-right-day-trading-system/
How cool is this? The world's first Day Trading Board Game!
http://www.indicatorwarehouse.com/trading-board-game/
http://www.indicatorwarehouse.com/trading-board-game/
Tuesday, January 5, 2016
The Risk Reward Lie
I got an interesting question from a member the other day. It’s a question I get a lot. This member asked “how can you make money without a positive risk/reward ratio?” If you’ve followed my trades for any time at all you’ll notice that I’m not a big fan of risk/reward ratios. Very often my risk/reward ratios are very lopsided, and by that I mean I’m risking more than I expect to make in the trade, so naturally people are confused and they wonder how can this be? After all, everyone knows you need to have at least 2:1, and ideally 3:1 reward to risk, right? That’s what all the gurus say. But is it true? Yes, on paper risk/reward ratios make perfect sense: your reward should be more than your risk, but the problem with risk/reward ratios is that no one knows the reward side of the equation! We all have our best guesses of where the market will go, but the fact of the matter is no one can consistently predict where the market will go next, so why would you base a trade/n
https://www.indicatorwarehouse.com/the-risk-reward-lie/
Monday, January 4, 2016
Forecast Movement when the Day Trading Market is Stable
NinjaTrader Day Trading Software Can Forecast Market Movement in Conditions that Appear Stable Although traders use effective day trading software programs to assist them in trading futures contracts, there is always the potential for significant risk. However, historical trends in trading commodities have shown it to be a more attractive instrument than trading stocks and offers greater rewards. Many traders use a combination of a day trading software, a dedicated trading computer and a fast Internet connection to trade the markets online. This process is significantly better than just diving right into futures trading without any forethought, knowledge or experience. Many newbie traders spend little time researching the markets they trade and generally end up losing their margin accounts in the process. Alternatively, tech savvy day traders take the time necessary to learn how to use an effective day trading software platform such at NinjaTrader to quickly move their money around
https://www.indicatorwarehouse.com/day-trading-software-programs-predict-movement-when-the-market-is-stable/
Sunday, January 3, 2016
Predict Movement when the Market is Stable
Day Trading Software Can Predict Market Movement in Conditions that Appear Stable Although investors use effective day trading software programs to assist them in trading futures contracts, there is always the potential for significant risk. However, historical trends in trading commodities have shown it to be a more attractive instrument than trading stocks and offers greater rewards. Many traders use a combination of a day trading software, a dedicated trading computer and a fast Internet connection to trade the markets online. This process is significantly better than just diving right into futures trading without any forethought, knowledge or experience. Many newbie traders spend little time researching the markets they trade and generally end up losing their margin accounts in the process. Alternatively, tech savvy day traders and investors take the time necessary to learn how to use an effective day trading software platform to quickly move their money around to generate profi
https://www.indicatorwarehouse.com/day-trading-software-programs-predict-movement-when-the-market-is-stable/
Friday, January 1, 2016
Do you need to Fix Your Trading Brain?
If you already have a working system, you know using it in the right markets makes money. So What can you do to improve your profits? The answer is consistent execution. But, when talking with many of our long-term customers, I hear they hesitate to pull the trigger when the setups are there; they take their profits too soon, and sometimes they even take bigger risks then they should. The problem is Self Sabotage! Sadly, many traders end up blaming the software instead of taking corrective action to solve the problem. However, some traders recognize these issues are NOT with the system. Instead, they recognize they have old mental habits that no longer serve them. I recently discussed this with psychology coach and life long trading friend, Richard Friesen, M.A., and the good news is these persistent mental mistakes can be managed! If you accept that a trader’s mindset is an important part of a trader’s development, then let’s take your emotional attitudes and p
https://www.indicatorwarehouse.com/do-you-need-to-fix-your-trading-brain/
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