“Robert Miner’s new book should be on the “must have” list for every trader.” Larry Pesavento, tradingtutor.com
May 19th, 2012
I’ve just uploaded a new (almost 30m) trade tutorial video to the Book Owners password protected site. It is a VERY timely tutorial particularly for the immediate position of the S&P. Check it out.
April 18th, 2012
I like reading financial history books. Not just those about booms and busts, but how the financial system developed, acted and reacted to various historical conditions and crisis.
“The Ascent of Money” by Niall Ferguson is highly recommended. He does a great job in a very understandable and readable style to write the history of money and credit from ancient times to the present. The book was published in late-2008, very timely to be able to include the opening months of the great credit contraction. This is not a trading book or an investment timing book. But, it will give you great insight into the current global financial crisis, how it came about, what is and is not unique about it compared with past financial / economic crisis, and to gain some understanding if it is over – or not.
A good chapter on the history and current state of the Chinese economy.
Check it out. It will be well worth you time.
April 14th, 2012
Multiple time frame momentum is the best filter I know of to identify a high probability trade setup. But, it is not a stand alone trade strategy. In other words, if a multiple time frame momentum setup is made, check out the price, pattern and or time position to see if the trade makes sense.
The first thing I check out is the price position. Is the market at or very near a key price support or resistance? If not, more than likely I will pass on considering the trade regardless of the multiple time frame momentum position.
April 14th, 2012
A new 25m video tutorial has been uploaded.
Check it out on the book owners password protected page under HPTS Tutorials.
April 1st, 2012
Possibly I didn’t make this clear enough in the book because I’ve a lot of questions about this over the years. So, I’ll clarify.
A bar must be complete before the indicator position is valid. Let’s take an example of using weekly data as the higher time frame and daily as the lower time frame. The position of the weekly indicator can only be determined when the week is complete after the close of trading Friday. The higher time frame weekly indicator position is then valid for the following week.
Let’s say the weekly DTosc was overbought at the end of the week. For the following week, any daily DTosc bear reversals would be a setup to consider a short position (or adjust the trailing stop on a long position). Of course the position of the daily DTosc can only be determined at the end of the trading day. Not during the day while the daily bar is still being formed.
Another example: 60m and 15m data. When a 60m bar is complete and the momentum is bearish as of the completion of the 60m bar, any 15m momentum bearish reversals will be a setup to consider a short position. A 15m bear reversal can only be identified once the 15m bar is complete. The 15m bear reversals will be considered any time for the next four bars (60m).
Following the completion of the next 60m bar, the 60m momentum position will be considered for action from the lower time frame 15m bar for the next four 15m bars (60m).
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