2007 Mar 28 - Wed

Trading Site of the Day -- Some Random Picks

Here are some notes and web locations I've come across that appear to be relevant to Active Day Traders and Automated Trading Strategies.

I've recently opened an account with Genesis Securities and have downloaded their Laser trading software. There is a great deal of trading flexibility in that software. It also introduces some trading subtlties I've not dealt with before. There is flexibility in which markets to which orders can be sent, and the types of orders to be sent.

Routing Guide is a useful guide to ECN's, what markets they cover, how to grade with them, and a few helpful hints on order placement.

Electronic Communication Network (ECN) are important sources of liquidity.

Here are some more articles from Answers.com on Scalping and Day Trading.

A forum post at Elite Trader mentioned Bull Investors. They have some various live feeds and intra-day trading notes.

An older ebook on Nasdaq trading.

ShortSqueeze

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2007 Mar 23 - Fri

Trading Site of the Day -- Day Trader's Bulletin

Although Day Trader's Bulletin looks like it hasn't been updated in a while, it still contains useful and timely information. For example, in my own research, I've discovered the use of the INDU and the TICK as useful bellweather's for day trading. Knowing What Indicators to Monitor goes into additional details of these indicators plus adds a few more, such as: SPX (S&P 500 Cash), Down Transports (TRAN), selected stock issues, and intraday highs and intraday lows. The article goes on for a few additional pages in review of other things to keep an eye out for.

Besides that one article, there are many more interesting ones. If you'd like them all in one document, you can download Tips, Tricks & Techniques for Daytraders.

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2007 Mar 21 - Wed

Peak Selection, Pivot Analysis, and Fibonacci

Sometimes it takes a while to realize that how various things work together. The light has dawned. I wrote some code to do peak detection a while ago. By using this tool over multiple time frames, and associating Fibonacci intervals on the advancing lines, one can automatically search out possible turning points. A CBOT article called Trading the CBOT mini-sized Dow - Master Technician Techniques provides the ground work for how this would be done from an analytical perspective. These possible Fibonacci turning points can be strengthened if some of them overlap calculated pivot points. Further strengthening is achieved if Fibonacci turning points occur at the same location over multiple time intervals. As the author, John Person, says in the article, "Combining Pivot Point numbers with the Fibonacci analysis we have a much better outlook and confirmation of Support and Resistance targets."

CBOT has some links to additional strategies.

In an article at National Futures, writes an additional article on Using pivot points to predetermine support and resistance price levels. He ties them in with the TRIN, TICK, and VIX indicators along with a reference to candlesticks.

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2007 Mar 17 - Sat

Futures Trading

This is a short entry with three links:

• Forum focused on futures trading and eduation. The site is confusing as to what is advertising and what are menus. The advertising is at the top and sides, and the menu is at the bottom, for access to other locations of the site.
• The Art of Day-Trading. A series of cobbled together articles on day trading, with a futures bent.
• Interview with Paul Rotter. Probably the most interesting article of the blog 'I found my Holy Grail' is an interview with trader Paul Rotter and some background on scalping the markets.

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2007 Mar 12 - Mon

Trading Site of the Day -- C(omp)++ : A Portal for the Computational Finance Community

John Wiley and Sons, the book publishers, have a 'Collective Knowledge Portal' called C(comp)++.

This is a relatively new site with content just getting started. So far, content includes a discussion learning C++, some comments relating C++ and C#, some background on estimation, plus recent remarks on confidence intervals (or standard deviation of a standard deviation).

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Trading Site of the Day -- Trading Machines: Electronic and Automated Trading

Trading Machines has a directory of electronic and automated trading links. The topics covered include:

• Brokers (which have trading API's)
• Forums
• Coding Sites
• Data Sources
• Data Sources
• FIX
• Automation Software
• Analysis Software
• Software Components
• Maths and Models (excellent sites here)
• Risk and Reliability

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2007 Mar 10 - Sat

Trading Site of the Day -- Trader's Roundtable: A forum for mechanical system traders

Trading Blox hosts the Trader's Roundtable which is a forum devoted to the discussion of mechanical trading systems and related topics.

I consider it a good source of vendor independent trading methods and concepts. Participants do talk about specific vendors though.

The site is rich in content. One just has to look for it. The site has topics covering things like:

• Market Psychology
• Trader Psychology
• Testing and Simulation
• Money Management
• Trend Indicators and Signals
• Commercial and Public Domain Systems
• Turtle Trading
• Short term and Day Trading Systems
• Books, Courses, and Seminars
• Pro Trading
• Trading for a Living
• Software
• Brokers and Markets

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2007 Mar 04 - Sun

Trading Site of the Day -- Option Strategies: Profits in a Consistent Universe

I havn't tried the strategy myself, but the Option Strategies offers up simple options transactions with guaranteed results each month. They use a set of 13 underlying instruments and offer up various options trades for this set of symbols. In their historical profiles, some months are not traded, but for the months that are traded, things seem to be profitable. They offer up their system for a one time fee of $999. Any one tried them out?

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