Short-Term Concepts

Short-Term Concepts: Stowell’s Resistance & Support Zones, Volume/Open Interest Ratio & Average True Range Signals…

Joseph introduces three new technical approaches for isolating low-risk entry points for the very first time. He also discusses several other short-term trading techniques. Stowell’s Resistance and Support Zones utilize daily bar charts. Stowell’s Volume/Open Interest and Stowell’s ATR (Average True Range) Signals combine with the daily bars to form highly accurate trading signals. Joseph discusses mechanical entry points, protective stops and profit objectives for short-term trades of two to five days. The techniques may be accomplished with hand-drawn charts or through most popular technical analysis software packages devoted to charting.

About The Expert

Expert: Joseph B. Stowell
Type: PDF Workbook MP3 Audio
Running Time: 90 minutes

Bonds and Other Futures, Equities and Cash Markets — A Master Trading Plan

You will learn several short-term trading techniques including three new trading signals, IDR (Inside Day Reversal), LMI (Leading Momentum Indicator) and TBS (Third Bar Signal), through the use of a daily bar chart. Joseph discuses mechanical entry points, protective stops and profit objectives for short-term trades of two to five days. Joseph’s presentation shows you his integration of the various short-term trading signals and how they form a master trading plan for participating in various markets.

About The Expert

Expert: Joseph B. Stowell
Type: PDF Workbook MP3 Audio
Running Time: 90 minutes

STARC Bands™ Sibbet’s Demand Index – Part 1

STARC Bands™ and Sibbet’s Demand Index Illustrate Your Ability to Harness the Power of Programmable Software….
Manning describes the nuances of his own study, STARC Bands™ (Stoller’s Average Range Channel), a popular and effective technique for helping traders determine the level of risk prior to entry. STARC Bands™ use price and volatility to construct an indicator that never needs optimization. Most traders use STARC Bands™ just as they are defined, but for those who wish to improvise, the study represents a good programming point of departure for user modifications. Sam’s discussion of the code for STARC Bands™ allows anyone with even a little proficiency to do so. Manning also describes Jim Sibbet’s Demand Index and its usefulness as a major system component to traders for whom open interest information is available. This interesting and often overlooked tool is one of the few studies that use volume and price. The Demand Index is difficult to calculate by hand, as it would consume eighteen columns of data for execution. Using Stoller’s STARC BBands™ and Sibbet’s Demand Index for illustration, Sam Tennis teaches you how to harness the vast power of TradeStation™’s testing ability, as well as the program’s ability to notify you of signals you have specified. All popular software packages, EasyLanguage™ included, share certain conventions and techniques. Sam shows you how to identify and use the conventions, thus simplifying the process of learning any programming language. Sam teaches you about the most common programming problems. He shows you how to identify and correct the most common coding errors. Every computer programmer has a set of rules and guidelines for proper testing of a module or integrated system. Sam shares his view of this process and describes the manner in which he feels testing should be done. Even if you are not a TradeStation™ user, the studies Sam and Manning describe and the complete code they provide are generally applicable to any good, programmable technical software package. Finally, Sam discusses the resources (including the Internet) available to those wishing to start or expand their own testing capabilities and increase their knowledge of technical analysis. Remember, you do not have to be a programmer to understand and use the concepts presented in this workshop, and you will benefit no matter what software package you are using.

About The Expert

Expert: Manning Stoller , Sam Tennis
Type: PDF Workbook MP3 Audio
Running Time: 90 minutes

Advanced Fibonacci Applications and the Price Axis in the Forex, Stock Index, and Interest Rate Futures.

Joe’s techniques result in significantly higher percentages of winning trades through more accurate stop placement, market entry and profit objective location. Joe’s high-accuracy trading approach depends on the proper mix of both leading (Fibonacci) and lagging indicators.

You will learn where and how to apply Fibonacci analysis. This context determines the real bottom-line difference. Joe devotes a significant part of his lecture to trend analysis and directional techniques using variations of Stochastics, MACD and displaced moving averages. Technical analysis software packages can simulate all of these unique and specific variations through pre-programmed studies or by inserting the formulas Joe provides for you.

About The Expert

Expert: Joe DiNapoli
Type: PDF Workbook MP3 Audio
Running Time: 90 minutes
Workbook Length: 23 pages

Updating his 1997 presentation, David offers an insightful look at evaluation of trading systems. Learn his techniques and strategies as he shares his ideas and wisdom, gathered from years of experience.

About The Expert

Expert: David Stendahl
Type: PDF Workbook MP3 Audio
Running Time: 90 minutes
Workbook Length: 40 pages

Trade System Evaluation Methods

System developers all too often design systems that produce excellent returns on paper while disregarding real world influences. David presents a few of his own personal trading programs and discusses how to properly evaluate their returns.

This seminar reviews Dynamic Zones, Average RSI, VIX, Best Day system, Trix, and the KST System. David discloses the programming code for most of the systems discussed. The evaluation of these systems centers on statistical methods that highlight the strengths and weaknesses of any trading system. David also discusses his favorite trading instruments: OEX options and the Rydex Nova and Ursa mutual funds. He summarizes his relatively conservative approach to trading the general market through the use of these investment vehicles.

About The Expert

Expert: David Stendahl
Type: PDF Workbook MP3 Audio
Running Time: 90 minutes
Workbook Length: 35 pages

Understanding the Decision Making Process in Any Market

In this presentation, Peter will describe the important distinction between internal and external market information and how successful floor traders rely primarily on data the market generates internally about itself. Floor traders can readily determine whether or not the markets supports, or “uplifts”, their decisions by evaluating the emotions, sounds, and energy levels generated in the pits. Physical proximity to the pits provides them with a distinct advantage over individual traders, for whom the only internal information available is volume.

Peter will describe the strides that the Chicago Board of Trade and NYMEX are making to provide users with more and better internal data. However, more data does not necessarily improve the decision-making process, causing the downfall of even highly trained and disciplined traders. Rather than overwhelming individual traders with too much information, the new platforms offered by the CBOT and NYMEX combine price, volume, and direction into a single market operating unit, and provide decision filters which, in essence, allow for forward testing trading strategies. Peter will describe the mechanics behind this process and provide examples from a variety of markets.

About The Expert

Expert: Peter Steidlmayer
Type: PDF Workbook MP3 Audio
Running Time: 110 minutes
Workbook Length: 10 pages

Database Creation and Management – Markets Measured Are Markets Defined

Organizing data is always the first step in analysis. Most technical traders organize market data in terms of time and price. Peter contends that this is not the way the market represents itself, and that traders would be better served to view market data as the market actually presents it.

In this session, Peter examines market segments, or discrete market movements, in terms of value and development rather than price and time. To really understand the market, traders must allow the market to communicate freely. Any externally imposed structure will distort the results. Peter views chronological time as just such an external structure. Market movements do not conveniently begin and end at pre-calculated times in order to coincide with a particular chart or trading style. Market movements begin when some inefficiency between buyers and sellers exists. The movement ends when the market has attained its objective. Most technical analysis is based on the premise that the current price has already discounted all available information about the underlying instrument and so is “fair” at any given time.

Peter explains why recent developments in the markets invalidate this assumption — price at any given moment no longer represents value at that moment. Inefficiency generates market movement. In Peter’s terms, such movement begins with a dominant force that then drives the movement to some result or output (price). The end of any given market segment is, by definition, the beginning of another. Determining how, when, and under what circumstances a market segment ends is the beginning of market evaluation.

The concept of efficiency is critical to Peter’s methodology. It is, essentially, that state in which the buyers and sellers agree on the value of an underlying instrument. Peter explains the concept of dynamic efficiency, in which the markets are always moving from imbalance to balance. Peter believes that, ultimately, questions raised by the market can only be answered through active participation in the markets.

In this session, Peter gives you the foundation you need to undertake this journey. According to Peter, the market “ . . has a well-defined underlying process that can be understood and recognized and that process has a natural progression that can be seen and measured. It has reference points which, when identified, represent important information, and it produces a final output which accomplishes the market’s purpose. The process is cyclical: it reaches closure and then starts over again.”

About The Expert

Expert: Peter Steidlmayer
Type: PDF Workbook MP3 Audio
Running Time: 90 minutes

Teach an Old Indicator New Tricks, or the Commodity Channel Index — Not for Commodities Only

The Commodity Channel Index (CCI) is included in most technical analysis charting programs, but it has yet to enjoy the popularity of an RSI or an MACD. Some traders may be misled by the name into thinking the CCI applies only to commodities, but the larger problem with its acceptance as an analytic technical tool rests with the confusion about how to use and interpret the CCI.

In this session, Barbara shows you how to clear away this confusion and tap into the potential of this powerful momentum indicator. The CCI is as effective with stocks, indices, and mutual funds as it is with commodities. Barbara has had the benefit of interviewing the creator of the CCI, Donald Lambert, and will share some of the insights he provided about the purpose and application of the indicator. Although it was originally developed as a programming experiment linked to cycles, users found the CCI to be much more versatile. Barbara tells you how to unleash the power of the CCI by providing examples of several different trading techniques including how to use the CCI as a leading indicator.

About The Expert

Expert: Barbara Star
Type: PDF Workbook MP3 Audio
Running Time: 90 minutes
Workbook Length: 38 pages

Developing Profitable Trading Systems from Discretionary to Mechanical

When trading on a discretionary basis, most traders look at many different tools and indicators and combine these into a logical decision making process. However, in developing mechanical trading systems, these same traders will optimize some combination of technical indicators based upon past performance and call that a trading system. This results in a mechanical system that does not represent the trader’s subjective approach to markets. The trader’s goal should be to build a system that reflects his or her discretionary trading.

In this seminar, Fred shows you how to transform your discretionary approach into a mechanical trading system. Fred uses TradeStation™ to demonstrate the steps required to turn your ideas into computer code. He shows you how to develop a breakout system, a congestion system, and a combination system (one that has characteristics of both trend following and counter-trend).

He provides you with examples of EasyLanguage™ code, which can easily be modified for use with other software packages. This talk is especially designed for those traders who can often accurately predict market direction, but still find that they are losing money. In situations like this, it is usually the trader’s emotions that get in the way and prevent him from making money.

Mechanical trading systems allow you to keep the positive features of your approach (for example, your ability to predict direction) while minimizing the emotional content by exercising machine-like discipline. Fred incorporates money management principles into his discussion and demonstrates the importance of diversification. He shows you how to test a system to see if it warrants being traded with actual money in real-time. He explains how to analyze TradeStation™’s performance reports and explains which statistics he feels are most valuable. You will also learn how to customize a trading system to fit your own unique personality.

About The Expert

Expert: Fred Schutzman
Type: PDF Workbook MP3 Audio
Running Time: 90 minutes
Workbook Length: 19 pages