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.
Joseph B. Stowell, sole proprietor of Money Management Services, a financial and trading consulting business, has spent over thirty years trading his own account. Joseph created the Bond Investor Newsletter, a publication primarily devoted to teaching successful short-term trading methods for the bond futures contract. The development of his technical trading methods for the bond market (applicable to other markets as well) follows the precept of “keeping it simple,” a point which Joseph emphasizes in his book, Tips for Traders and Investors, Trading U.S. Bonds and Stocks. Joseph also has over twenty years of experience teaching in the public schools of New York. This combination of trading and teaching experience gives Joseph the unique ability to explain difficult concepts in clear and easily understood presentations. As a trader, Joseph often shares his trading methods through individual tutoring and seminars. Joseph has participated in TAG conferences in Southeast Asia, Europe, India, and the Middle East, as well as cities in Canada and throughout the United States. Using the bond market as his primary trading vehicle, he has developed seven new trading approaches. These techniques are useful across a variety of markets such as metals, currencies, stock index, individual stocks, the energy sector, and agricultural products.
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.
Peter Steidlmayer’s lifelong interest in the markets began during his undergraduate days at the University of California at Berkeley, from which he graduated in 1960. He joined the Chicago Board of Trade in 1963 and has been an independent trader ever since. Peter served on the board of directors of the CBOT from 1981 to 1983. While a director, he was responsible for initiating his own revolutionary concepts in data arrangement and trading information—Market Profile and the Liquidity Data Bank©. He is author of four books: Markets and Market Logic, Steidlmayer on Markets, New Market Discoveries, and 141 West Jackson, A Journey Through Trading Discoveries. He is presently working on his fifth book, The Essence of Trading. Each of these books establishes a rational working framework for organizing the underlying structure and movement of the market(s).
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Currencies, fixed income, equities and futures are all characterized by price movement that is simultaneously both random and cyclical. The random movement is, of course, unpredictable. Cyclical movement is somewhat predictable, although not completely because the various cycles undergo gradual changes in amplitude and frequency. Channel analysis provides a simple way of focusing on the predictable. This knowledge will enable the trader to enter and leave the market at the optimum time for maximum profits. Using examples from the currency and stock markets, Brian shows you how the channel analysis method can be applied to both short-term and medium-term trading. You will learn fundamental relationships between short-term and medium-term trends, and how to decide when either type of trend is likely to change direction. You are given guidelines and rules for estimating the future target area in which the trends will again reverse direction. This will enable you to choose the trades with the highest gain potential and lower risk at the time trade is contemplated.
Listen to Brian explain his 6 rules of successful trading...
- Hold a maximum of 8 stocks in your portfolio
- Invest approximately equal amounts in each
- Diversify between sectors
- There should be a logical reason for every action
- Should avoid the "manana" attitude
- Analyze and learn from every mistake
Brian J. Millard earned a Ph.D. in chemistry and was a senior lecturer at London University for fifteen years before beginning to use his scientific training to analyze the stock market. He left the university setting in 1981 to establish his own investment publishing business, writing books and authoring investment software. He is the author of five books: Stocks and Shares Simplified, Traded Options Simplified, Profitable Charting Techniques, Winning on the Stock Market, and Channel Analysis. The latest editions of the latter two books have been widely acclaimed for breaking new ground in the development of prediction tools for the market. John Wiley and Sons has taken over the publishing and distribution of his books, leaving Brian free to concentrate on investment research and software development. Brian is one of the few independent investment researchers in the United Kingdom. His work has advanced the concept of channel analysis, first developed by J.M. Hurst, into the realms of probability and chaos theory. Probability and chaos theory have recently appeared in software as the program Sigma-pTM. This software predicts turning points in long term trends up to six months into the future. Interest in Brian’s work has increased dramatically over the past several years. Traders throughout the United Kingdom and Europe are discovering his low risk, high profit methods through the use of popular channel formulating and drawing software now available. Professional traders throughout the European Common Market have requested that he share his insights and expertise via seminars and personal appearances. --- To access more audios and videos please click INO TV