ATMASphere Aug 2014

More documents

Recommendations

Info

Hi, I often go with nick name Pit Trader. I mostly trade in index futures and options. I'm Indian National and from buy but presently stay put in Toronto. I actively trade in both national stock exchange India (NSE) and Chicago Mercantile exchange US (CME) preferred instruments are Nifty Future and E-mini S&P 500. Charting platforms I rely on are Multicharts & R. I'm a programmer myself, and use my own trading systems based on statistical models and Marketprofile. Also actively trade in options segment. Now I trade for myself only and a few close family accounts. Experienced in equity market is of seven years. I use market profile since four years. By no any means I consider myself a master of trade but continuous learner. Even though I'm going to cover on Marketprofile by now any means I'm suggesting that this is the only way to make profits. Also try to understand that Marketprofile is not an indicator itself but a tool to understand market induced information in more structural way. That's the short introduction about me and the subject I'm going to cover. You can follow me on twitter @NarcissisTrader. AUGUST <strong>2014</strong> ATMASPHERE | 20
Dow Award series The Charles H. Dow Award is recognition for excellence and creativity in technical analysis annually attributed by the MTA. The research is about a substantive topic (indicators, strategy or system) based upon the concepts of technical analysis. The paper includes data that covers at least one full market cycle and it must be back-tested with statistical methods. The analysis and conclusions obtained search to be useful to enhance the understanding of market action. The presentation in this edition is Dow Award 2001 – Sign of the Bear By Peter G. Eliades His author shares his experience about what he was looking for and how the research was developed. Since his point of view, he attributes some kind of serendipity on in making meaningful technical discoveries. In November 1992 he was struck by the apparent lack of volatility in the daily number of advancing and declining issues on the New York Exchange. Over a period of 21 trading days, the highest single day closing advance/decline ratio (1) was 1.84 and the lowest was 0.71. At that time author felt that it was a very small range for a full month of data, so he decided to wide that range between 0.65 and 1.95 and search for the same pattern in old data and to look if it was found and what follows after its occurrence. Between 1966 and November 1992 there were only three other periods when the conditions for the pattern were satisfied. Here are the dates when those conditions were fulfilled: January 25,26,27,28 1966 This paper studies a pattern which had preceded the most important stock market tops of the past several decades. Market tops tend to be more diffuse than market bottoms, often occurring at different times for different indexes, the search for an effective tool to identify major market tops has been elusive. October 17,18,21,22,24,25 1968 December 6,7,8,11 1972 AUGUST <strong>2014</strong> ATMASPHERE | 21
Page 2 and 3: CONTENTS Letter from the President
Page 4 and 5: EDITOR’S NOTE In this issue - 1.
Page 6 and 7: 2. Symmetrical Triangles: These are
Page 8 and 9: 5 Price action tips that will make
Page 10 and 11: Tip # 3. Look for wide range candle
Page 12 and 13: Rajat Dutta is a system designer an
Page 14 and 15: 5. High quality trades, many times,
Page 16 and 17: method that we will follow. Now why
Page 18 and 19: Understanding Market Profile Introd
Page 22 and 23: Within an average period of less th
Page 24 and 25: World's FIRST E-Library of Technica
Page 26 and 27: AUGUST 2014 ATMASPHERE | 26
Page 28: AUGUST 2014 ATMASPHERE | 28

ATMASphere Aug 2014

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?