{"title":"Volume 24 (2006)","description":"\u003cp\u003eBrowse Volume 24 (2006) articles by issue:\u003c\/p\u003e\u003cdiv style=\"display:flex;flex-wrap:wrap;gap:12px;\"\u003e\n\u003ca href=\"\/collections\/volume242006\/issue-01?sort_by=title-ascending#ProductGridContainer\" style=\"margin-right:16px;\"\u003eChapter 1 January\u003c\/a\u003e\u003ca href=\"\/collections\/volume242006\/issue-02?sort_by=title-ascending#ProductGridContainer\" style=\"margin-right:16px;\"\u003eChapter 2 February\u003c\/a\u003e\u003ca href=\"\/collections\/volume242006\/issue-03?sort_by=title-ascending#ProductGridContainer\" style=\"margin-right:16px;\"\u003eChapter 3 March\u003c\/a\u003e\u003ca href=\"\/collections\/volume242006\/issue-13?sort_by=title-ascending#ProductGridContainer\" style=\"margin-right:16px;\"\u003eBonus Issue\u003c\/a\u003e\u003ca href=\"\/collections\/volume242006\/issue-04?sort_by=title-ascending#ProductGridContainer\" style=\"margin-right:16px;\"\u003eChapter 4 April\u003c\/a\u003e\u003ca href=\"\/collections\/volume242006\/issue-05?sort_by=title-ascending#ProductGridContainer\" style=\"margin-right:16px;\"\u003eChapter 5 May\u003c\/a\u003e\u003ca href=\"\/collections\/volume242006\/issue-06?sort_by=title-ascending#ProductGridContainer\" style=\"margin-right:16px;\"\u003eChapter 6 June\u003c\/a\u003e\u003ca href=\"\/collections\/volume242006\/issue-07?sort_by=title-ascending#ProductGridContainer\" style=\"margin-right:16px;\"\u003eChapter 7 July\u003c\/a\u003e\u003ca href=\"\/collections\/volume242006\/issue-08?sort_by=title-ascending#ProductGridContainer\" style=\"margin-right:16px;\"\u003eChapter 8 August\u003c\/a\u003e\u003ca href=\"\/collections\/volume242006\/issue-09?sort_by=title-ascending#ProductGridContainer\" style=\"margin-right:16px;\"\u003eChapter 9 September\u003c\/a\u003e\u003ca href=\"\/collections\/volume242006\/issue-10?sort_by=title-ascending#ProductGridContainer\" style=\"margin-right:16px;\"\u003eChapter 10 October\u003c\/a\u003e\u003ca href=\"\/collections\/volume242006\/issue-11?sort_by=title-ascending#ProductGridContainer\" style=\"margin-right:16px;\"\u003eChapter 11 November\u003c\/a\u003e\u003ca href=\"\/collections\/volume242006\/issue-12?sort_by=title-ascending#ProductGridContainer\" style=\"margin-right:16px;\"\u003eChapter 12 December\u003c\/a\u003e\n\u003c\/div\u003e","products":[{"product_id":"stcov246prre","title":"Stocks \u0026 Commodities V. 24:1 (64-67): Product Review: Market Master Xec by David Penn","description":"Stocks \u0026amp; Commodities V. 24:1 (64-67): Product Review: Market Master Xec by David Penn\u003cbr\u003e\u003cbr\u003eSome software impresses by being so obviously more\nthan the sum of its parts. If I were to segregate the software used by technical analysts into two groups, then I would probably put the integration ber alles, execution n analysis platforms in this category. Software like this tends to be both worthwhile and memorable because of the way its various and wide-ranging components, plug-ins, add-ons, and modules almost miraculously manage to come together into the singularity of a simple trading decision to buy, sell, or cover. The ultimate example of such a\nsystem is probably a black-box trading system though I have had the pleasure of reviewing a number of software products, from order-entry platforms to\nautomated trading programs, that also fit quite well into this category.\u003cbr\u003e\u003cbr\u003eOn the other hand, what can be said of those software offerings that are so varied in their capacities, so wide-ranging in their ability to be, to a degree, all things to all traders that we never really feel as if weve discovered the whole to which the many beautiful and effective parts contribute. Or, rather, that otherwise elusive whole in the context of this latter type of software tends to change with each use of the application. Because the software can do so many things, so can the trader who masters it.\u003cbr\u003e\u003cbr\u003eI tend to think of this latter group of software applications and platforms as the province of analysts, technical analysts who dont need (or want) a processed end-result. Instead, these technicians are comfortable with the often laborious practice of applying and reapplying a sometimes staggering number of indicators, oscillators, and other chart-marking tools to price charts confident that each turn of the analytic\npage will yield, if not a cumulative buy-sell-cover outcome, then clearly a greater and broader understanding of the asset under question.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133904810353,"sku":"\\V24\\C01\\013PR1.pdf","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_bf143123-91f8-428d-8221-80b06f92e691.jpg?v=1739656288"},{"product_id":"stcov246prre8","title":"Stocks \u0026 Commodities V. 24:12 (66-68): Product Review: CQGNet Professional 7.38 by Barbara Star, Ph.D.","description":"Stocks \u0026amp; Commodities V. 24:12 (66-68): Product Review: CQGNet Professional 7.38 by Barbara Star, Ph.D.\u003cbr\u003e\u003cbr\u003eIt's known as the Integrated Client. No, not the person\nwho subscribes to the service; the program itself, because CQGNet combines the power of real-time quotes, analytical charts, user custom studies, backtesting tools, and trading alerts, with order execution at no extra charge. And it comes complete with free 24-hour technical support (from a live person) every trading day plus a personal introductory tutorial\nsession designed to have the new user up and running as quickly as possible.\u003cbr\u003e\u003cbr\u003eDefinitely not a newcomer to the financial markets, CQG entered the trading arena in 1980 providing commodity data and charting services via computer\nwhile most traders still required handheld devices to receive quote data. CQG has been a long-time favorite\namong institutional traders for its cutting-edge technology and accurate data. Less well known is that CQG offers the same benefits to individual traders.\u003cbr\u003e\u003cbr\u003eData quality, accuracy, and reliability have been, and remain, the cornerstone of CQG products. In 1982 the\ncompany transmitted market data via a satellite network. In 2000 CQG started migrating data transmission via the Internet and in 2004 ended satellite transmission. Currently, CQG maintains three\nseparate networks to ensure uninterrupted data transmission. Round-the-clock quality control groups provide another layer of precision by monitoring a worldwide data network and inserting all exchange corrections in real time to provide traders with accurate, integrated information. At present, it offers stock, commodity, futures options, currency, and fixed-income data.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133904843121,"sku":"\\V24\\C12\\236PR2.pdf","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_18d8c181-10bc-407b-b104-c1bda8b92ad5.jpg?v=1739656291"},{"product_id":"stcov243fipo","title":"Stocks \u0026 Commodities V. 24:11 (36-44): Finding point milestones from which to construct trendlines by Giorgos E. Siligardos, Ph.D.","description":"Stocks \u0026amp; Commodities V. 24:11 (36-44): Finding point milestones from which to construct trendlines by Giorgos E. Siligardos, Ph.D.\u003cbr\u003e\u003cbr\u003eThe Pascal-like pseudolanguage here finds the points to be used as milestones from which to construct trendlines.\u003cbr\u003e\u003cbr\u003eWe consider the closing price of a trading vehicle as an array of N values: CLOSE[1], CLOSE[2], CLOSE[N]. Also, pivot[1].position, pivot[2].position, pivot[3].position and pivot[4].position is an array that\nis used to store the time positions of the last four pivots of the SI. Finally, pivot[1].pivottype, pivot[2].pivottype, pivot[3].pivottype and pivot[4].pivottype is an array that is used to store the (+1) or (-1) assignment of the last four pivots of the SI. Expressions in bold italic in the code refer to obvious or previously stated procedures.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133906710897,"sku":"\\V24\\C11\\208sb3.pdf","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_a90ff0a0-a899-4b6c-bb60-15e1f810dd66.jpg?v=1739656408"},{"product_id":"stcov24996at","title":"Stocks \u0026 Commodities V. 24:6 (97, 96): At The Close by Vikrant Goyal","description":"Stocks \u0026amp; Commodities V. 24:6 (97, 96): At The Close by Vikrant Goyal\u003cbr\u003e\u003cbr\u003eA Sweet Report\u003cbr\u003e\u003cbr\u003eSugar prices are moving up after a lull of a quarter century. Will history repeat itself? Since 1966, global sugar prices have seen two major boom bust cycles. Remarkably, both cycles seemed to echo each other\nin terms of the time taken for each rise and fall; where the two cycles are superimposed on each other.\u003cbr\u003e\u003cbr\u003eEven more remarkable is that the current upmove in\nsugar seems to be following the pattern of the earlier two cycles. In Figure 3, the percentage moves and time taken for each phase of the boom periods of all three cycles (197276, 197882, and 2004present) are displayed. Clearly, both earlier cycles had similar first acts, and the same thing seems to be happening this time around. The eventual fall, still in the distant future, will be the second act, of course.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133908906353,"sku":"\\V24\\C06\\121CLOS.pdf","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_24a0665b-caf4-4c47-85f1-4fcbdeaebdec.jpg?v=1739656532"},{"product_id":"stcov243unma","title":"Stocks \u0026 Commodities V. 24:3 (30-37): Understanding Market Structure by Paolo Pezzutti","description":"Stocks \u0026amp; Commodities V. 24:3 (30-37): Understanding Market Structure by Paolo Pezzutti\u003cbr\u003e\u003cbr\u003eUnderstanding the market before placing your trade can make a huge difference to your trading performance.\u003cbr\u003e\u003cbr\u003eDifferent financial markets have different behaviors.\nThis is because of the intrinsic characteristics of these markets (growth\/value stock, for example), market liquidity, participants (long-\/short-term investors, institutions, daytraders, and position traders), and\nfactors that affect the markets when market players elaborate information. You can make your system\/method work under the technical conditions\nthat best fit the logic of the market if you understand the market structure. Ideally, you want to let your system\/family of systems work only in environments\nthat maximize their performance. For example, running a short-term system on a market with a low daily range\nwould probably not be profitable after commissions and slippage.\u003cbr\u003e\u003cbr\u003eTHE STATES OF THE MARKET\u003cbr\u003e\u003cbr\u003eThe first step is to identify the state of the market so that you trade only when specific conditions are met. You can do that by applying a filter, but before you do so, lets try to conceptualize the subject. The main components of price movement are directionality and volatility. Volatility can be defined as a measure of an assets tendency to move up and down in price over the latest n periods. Directionality can be defined as a measure of an assets tendency to move along a defined trend. By combining these elements, you can come up with four market states...","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133911888241,"sku":"\\V24\\C03\\045PEZZ.pdf","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_1ec2315b-ecb8-48d2-80b4-10e67c569f34.jpg?v=1739656725"},{"product_id":"stcov247exyo1","title":"Stocks \u0026 Commodities V. 24:6 (73): Explore Your Options by Tom Gentile","description":"Stocks \u0026amp; Commodities V. 24:6 (73): Explore Your Options by Tom Gentile\u003cbr\u003e\u003cbr\u003eGot a question about options? Tom Gentile is the chief options strategist at Optionetics (www.optionetics.com), an education and publishing firm dedicated to teaching investors how to minimize their risk while maximizing profits using options. To submit a question, post it to our website at http:\/\/Message-Boards.Traders.com. Answers will be posted there, and selected questions will appear in a future issue of S\u0026amp;C.\u003cbr\u003e\u003cbr\u003eMAX PROFIT ON A BEAR PUT SPREAD\u003cbr\u003e\u003cbr\u003eQ: On March 30, I entered a bear put spread on XYZ using January 2007 leap options. With XYZ near $451.00 a share, the spread consisted of buying a 450\nput for $45.90 and selling a 440 put for $40.40. According to my calculations, the maximum profit is $4.50 per spread if XYZ falls below 440. However, on\nApril 4, I checked the trade and found that XYZ was below the 440 strike price. My understanding was that I could close the trade below the 440 strike for the\nmaximum reward of 450 (minus commissions). Yet when I did the math, it did not all add up. What happened?\u003cbr\u003e\u003cbr\u003eA: The trades analysis is correct in many respects. A bear put spread is created by buying a (long) put and selling a (short) put with a lower strike price. This trade\nwill generate profits if the price of the underlying asset falls. The spread is similar to buying a put, but the sale of the short put helps reduce the cost of the trade. This is a popular strategy for playing a market to the downside.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133911921009,"sku":"\\V24\\C06\\114EYO.pdf","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_78793d91-5ccb-43b3-85c2-aea9be2af45d.jpg?v=1739656728"},{"product_id":"stcov246prre3","title":"Stocks \u0026 Commodities V. 24:5 (68-70): Product Review: Technifilter by Dennis D. Peterson","description":"Stocks \u0026amp; Commodities V. 24:5 (68-70): Product Review: Technifilter by Dennis D. Peterson\u003cbr\u003e\u003cbr\u003eTechnifilter is designed to apply criteria to a list of stocks. The criteria can come in the form of a canned plug-in like Darvas boxes or the swing volume tool, or it can be in the form of a formula. The end of day (EOD)\ndata can be in one of several formats: MetaStock, TeleChart 2000, AIQ TradingExpert, Dow Jones Market Analyzer PLUS, or ASCII. Reports are produced using Notepad.\u003cbr\u003e\u003cbr\u003eCHARTING\u003cbr\u003e\u003cbr\u003eTechnifilter charting covers the basics. Since Technifilter is located in Australia, getting help on charting questions may not, for most of us, be an easy\nphone call away (although the response is prompt via email). Technifilter comes with a program guide and two other manuals: Reports, Strategies \u0026amp; Formulas\nand Technical Analysis \u0026amp; Formula Writing, both of which are excellent references and are printed on heavy\nbond letter-sized pages: definitely a classy look and feel. Charting appears in chapter 7, which gives you an idea of where it stands in the priority scale.\u003cbr\u003e\u003cbr\u003eYou can get several charts (Figure 1) on a single screen and with the right combination of clicks, you can draw horizontal as well vertical lines and insert Fibonacci retracement percentages. You can do this by right-clicking a trendline drawn from the pivots of\ninterest and selecting retracement. While Technifilter doesnt advertise its charting capabilities, most users will find the capabilities more than adequate.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133913395569,"sku":"\\V24\\C05\\096PR1.pdf","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_e2203fd8-d25d-4fd9-a14c-42a3b548d749.jpg?v=1739656839"},{"product_id":"stcov24796tr","title":"Stocks \u0026 Commodities V. 24:11 (79-85, 96-97): Traders' Tips by Technical Analysis, Inc.","description":"Stocks \u0026amp; Commodities V. 24:11 (79-85, 96-97): Traders Tips by Technical Analysis, Inc.\u003cbr\u003e\u003cbr\u003eThis months Traders Tips\nare based on Giorgos Siligardos article in\nthis issue, Building Automatic Trendlines.\nSome template code is provided by the\nauthor in the articles sidebars as a starting\npoint. Additional code for various commercial\nprograms is presented here for TradeStation, eSignal, Wealth-Lab, AmiBroker, NeuroShell Trader, NeoTicker, AIQ, Tradecision. OmniTrader PRO, StrataSearch, Technifilter Plus, Ensign Software, and VT Trader.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133913428337,"sku":"\\V24\\C11\\219TIPS.pdf","price":4.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_6881ff6d-91c2-4736-8685-a2711b274a4b.jpg?v=1739656841"},{"product_id":"stcov249bofo1","title":"Stocks \u0026 Commodities V. 24:2 (92): Books For Traders by Technical Analysis, Inc.","description":"Stocks \u0026amp; Commodities V. 24:2 (92): Books For Traders by Technical Analysis, Inc.\u003cbr\u003e\u003cbr\u003eThe Almanac Investor: Profit From Market History And Seasonal Trends (525 pages, $39.95 softcover, 2005, ISBN 0-471-65405-1) by Jeffrey A. Hirsch and J. Taylor Brown, published by John Wiley \u0026amp; Sons. The key to investment success is accurate financial research, which depends on your ability to quickly access and\nanalyze data. Combining this book and its online research platform can help you do just that. This book\nreveals valuable data and practical indicators needed\nto understand and profit from recognizing market\nfluctuations and patterns. Here you will find four decades worth of stock market research packed into\none reference.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133915656561,"sku":"\\V24\\C02\\039BOOK.pdf","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_72c42e27-a5c7-4d9e-b74b-58848660a6b2.jpg?v=1739657020"},{"product_id":"stcov246toof","title":"Stocks \u0026 Commodities V. 24:10 (68-70): The Tools Of The Trade by Martha Stokes","description":"Stocks \u0026amp; Commodities V. 24:10 (68-70): The Tools Of The Trade by Martha Stokes\u003cbr\u003e\u003cbr\u003eHeres an overview of the array of tools you need in\norder to trade successfully.\u003cbr\u003e\u003cbr\u003eEvery professional knows that the right tools are essential to success. A carpenter wouldnt use a sledgehammer to nail an interior window frame, nor would he (or she) use a framing waffle-head hammer.\nHe knows that the ideal hammer for fine finish work is a finishing hammer that has a smooth head and is lightweight. By using the right hammer for the job, the carpenter gets the results he wants.\u003cbr\u003e\u003cbr\u003eYOUR TOOLKIT FOR TRADING\u003cbr\u003e\u003cbr\u003eThe same applies to trading. Whenever a trader comes to me struggling with less-than-satisfactory results, I first check his or her toolkit of indicators. Many factors can cause this trader to have disappointing results; often, the primary culprit is not understanding how to use indicators. The most common problem is that\ntraders will use several indicators that are basically all\ntracking the same market data and are missing indicators critical for tracking the full range of data for the stock. The toolkit of indicators is out of balance. That trader is using a sledgehammer instead of a finish hammer.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133917196657,"sku":"\\V24\\C10\\197STOK.pdf","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_344e04ac-b22b-49dd-83c9-fcc49d09074d.jpg?v=1739657136"},{"product_id":"stcov249atcl1","title":"Stocks \u0026 Commodities V. 24:8 (98): At The Close by Marge Sherald","description":"Stocks \u0026amp; Commodities V. 24:8 (98): At The Close by Marge Sherald\u003cbr\u003e\u003cbr\u003eWhat do you think of when you think cocoon? Is it\nsmall, fetal, round, cozy formative? When trader Kenneth Branch uses the term, more often than not he\nuses it in regard to trading, in reference to the growing forces within the markets. He looks for tradable financial instruments while they are still in the forming stage, covered by a protective covering of sorts until they are ready to burst forth in full flower. As he explains it, in the cocoon stage of market development, there is a supply of any given security that may be purchased at low prices before most of the market finds out about it. And its worked for him, because the tradables he finds\nat that point can be had at attractively low prices.\u003cbr\u003e\u003cbr\u003eBranch has taken a different approach to trading than most.\nHe was convicted of drug-related charges at 18, and it was during his 12-year stay in federal prison that he began to study the markets, in particular reading Stan Weinsteins \"Secrets For Profiting In Bull And Bear Markets\". For six years he manually charted index and stock activity, and from there he began to recognize technical patterns, subsequently developing daily trading models based on indicators. After his release\nat 30, he started Lanham, MDbased Cocoon Trade.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133917229425,"sku":"\\V24\\C08\\163CLOS.pdf","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_e81d7f6b-48dc-49ce-bc7c-1e74e6279abb.jpg?v=1739657138"},{"product_id":"stcov241leto4","title":"Stocks \u0026 Commodities V. 24:5 (10-14): Letters To S\u0026C by Technical Analysis, Inc.","description":"Stocks \u0026amp; Commodities V. 24:5 (10-14): Letters To S\u0026amp;C by Technical Analysis, Inc.\u003cbr\u003e\u003cbr\u003eThe editors of S\u0026amp;C invite readers to submit their opinions and information on subjects relating to technical analysis and this magazine. This column is our means of communication with our readers. Is there something you would like to know more (or less) about? Tell us about it. Without a source of new ideas and subjects coming from our readers, this magazine\nwould not exist.\u003cbr\u003e\u003cbr\u003eZ-TEST\u003cbr\u003e\u003cbr\u003eEditor,\u003cbr\u003e\u003cbr\u003eI would like to comment on Jacinta Chans March 2006\narticle on the z-test (Trading Trends With The Bollinger\nBands Z-Test). I use the zigzag function for the basis of my intermediate trend-following model. As others have also commented in the pages of STOCKS \u0026amp; COMMODITIES, no matter how you structure your trend and trigger points, there is always a remaining question of the validity of the new trend. In other words, is the active tail real?\u003cbr\u003e\u003cbr\u003eMany people have proposed various ways to validate this tail. However, the z-test is the most straightforward, and it seems to work just as well as the others, or maybe better. The MetaStock code I use for this follows...","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133918736753,"sku":"\\V24\\C05\\085LET.pdf","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_77ce73b4-bbc5-4787-b074-8fb0f9d39af4.jpg?v=1739657236"},{"product_id":"stcov248trti","title":"Stocks \u0026 Commodities V. 24:4 (80-87): Traders' Tips by Technical Analysis, Inc.","description":"Stocks \u0026amp; Commodities V. 24:4 (80-87): Traders Tips by Technical Analysis, Inc.\u003cbr\u003e\u003cbr\u003eHere is this months selection of Traders Tips, contributed by various developers of technical analysis software, all to help readers more easily implement some of the strategies presented in this issue.\u003cbr\u003e\u003cbr\u003eChris Youngs article in this issue, The Average Peak\nExcursion, describes techniques for calculating average peak excursion and the tendency-to-trend parameter, alpha. TradeStation, MetaStock, Wealth-Lab, AmiBroker, eSignal, NeuroShell Trader, NeoTicker, Trading Solutions, AIQ Systems, TechniFilter Plus, Tradecision, BioComp Dakota, Trade Navigator\/TradeSense, and VT Trader all supply code for this technique.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133918769521,"sku":"\\V24\\C04\\080TIPS.pdf","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_2b6bccba-904c-4445-9feb-b24edcd4a361.jpg?v=1739657238"},{"product_id":"stcov248wefo","title":"Stocks \u0026 Commodities V. 24:8 (88): Websites For Traders: PowerOptions WeBlog by David Penn","description":"Stocks \u0026amp; Commodities V. 24:8 (88): Websites For Traders: PowerOptions WeBlog by David Penn\u003cbr\u003e\u003cbr\u003ePOWEROPTIONS WEBLOG\u003cbr\u003e\u003cbr\u003eConsider this website review a heads up. PowerOptions WeBlog (http:\/\/blog. poweropt.com) is geared toward options trading and education, but my sense is that PowerOptions WeBlog is a project that is just getting under way and any full assessment of what it has to offer will probably be best accomplished\nmonths from now.\u003cbr\u003e\u003cbr\u003eSo think of this as an opportunity to say you were reading the PowerOptions blog before it was cool, before everybody was doing it. And who knows? By\nfollowing some of the advice provided including commentary on online trading software, specific options trading strategies, and updates on new options\nproducts (such as the new $VIX options) you might find yourself too busy counting your earnings to brag about how long youve had PowerOptions bookmarked in your browser).","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133918802289,"sku":"\\V24\\C08\\161WEB2.pdf","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_bc387f6a-dea7-441d-8367-49a69ab3794e.jpg?v=1739657241"},{"product_id":"stcov241sysp","title":"Stocks \u0026 Commodities V. 24:5 (16-20): Synthetically Speaking by Paul J. Kluskowski","description":"Stocks \u0026amp; Commodities V. 24:5 (16-20): Synthetically Speaking by Paul J. Kluskowski\u003cbr\u003e\u003cbr\u003eHow do you transform your premium from debit to credit? Think synthetic positions.\u003cbr\u003e\u003cbr\u003eAsk anyone in the know and they will tell you that the risk\/reward profile of a long option is limited risk with unlimited reward potential. The built-in assumption is that the premium is at risk. What if there was a way to change this? What if the premium could be transformed from debit to credit, leaving you with\na risk\/reward spectrum that was small gain to unlimited\ngain, versus small loss to unlimited gain? Impossible,\nyou say? If you can think synthetically, this transformation is quite possible.\u003cbr\u003e\u003cbr\u003eWHAT ARE SYNTHETIC POSITIONS?\u003cbr\u003e\u003cbr\u003eSynthetic positions are combinations of stock or futures and options that give the risk\/reward profile of a different tradable. Using synthetic positions gives us nearly limitless possible combinations, but our focus right now is to create a synthetic long call option for a credit. A long call option can be synthetically replicated with the use of a long stock position with a long put. (I should note here that there is limited downside risk with hypothetically unlimited upside reward.)","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133920309617,"sku":"\\V24\\C05\\086KLUS.pdf","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_4e82e590-9603-422e-a769-6f9bfda0f324.jpg?v=1739657349"},{"product_id":"stcov246wefo1","title":"Stocks \u0026 Commodities V. 24:10 (66-67): Websites For Traders: Thomson I-Watch by David Penn","description":"Stocks \u0026amp; Commodities V. 24:10 (66-67): Websites For Traders: Thomson I-Watch by David Penn\u003cbr\u003e\u003cbr\u003eCould someone explain to me why a website as helpful as Thomson IWatch cant have a more straightforward\nURL? Such is the world of mergers and acquisitions, e-commerce style, I suppose. Thomson Financial + Lycos + (apparently) Quote.com = one tricky uniform resource locator. I threw in Quote.com because of the 12 links at the top of the page that features I-Watch,\nwhich is an interactive, graphic display of institutional buying and selling, nine take you to resources at the Quote.com website. Of the other three, onethe\nmessage-boardcurrently is not functioning, another of the 12 takes you directly to the Securities and Exchange Commissions EDGAR database, and the\nthird takes you to I-Watch.\u003cbr\u003e\u003cbr\u003eI recently wrote an article for Working-Money.com looking at some of the ways that average stock investors, speculators, and traders could gauge accumulation and distribution in the market.\nThat article focused on price and volume clues, stage analysis, and the role of the Big Money.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133920342385,"sku":"\\V24\\C10\\196WEB1.pdf","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_33b4558b-76a0-43f2-a115-f31b40202dd4.jpg?v=1739657352"},{"product_id":"stcov241leto2","title":"Stocks \u0026 Commodities V. 24:3 (10-15): Letters To S\u0026C by Technical Analysis, Inc.","description":"Stocks \u0026amp; Commodities V. 24:3 (10-15): Letters To S\u0026amp;C by Technical Analysis, Inc.\u003cbr\u003e\u003cbr\u003eThe editors of S\u0026amp;C invite readers to submit their opinions and information on subjects relating to technical analysis and this magazine. This column is our means of communication with our readers. Is there something you would like to know more (or less) about? Tell us about it. Without a source of new ideas and subjects coming from our readers, this magazine\nwould not exist.\u003cbr\u003e\u003cbr\u003eMIND MAPS\u003cbr\u003e\u003cbr\u003eEditor,\u003cbr\u003e\u003cbr\u003eI really enjoyed your January 2006 issue, especially\nthe article A Blueprint For Your Trading. In it, author Vadym Graifer used a couple of mind maps to\nillustrate the article. Are these available at your website, Traders.com? If not, would the author share them?\u003cbr\u003e\u003cbr\u003eA.J. VASARIS\u003cbr\u003e\u003cbr\u003eAkron, OH\u003cbr\u003e\u003cbr\u003eVadym Graifer replies:\u003cbr\u003e\u003cbr\u003eThe mind maps used in the article were created with ConceptDraw MINDMAP software and are two out of many used in my book, The Master Profit Plan. The book is available through my website at http:\/\/www.realitytrader.com\/masterplan\/. Thank you for the kind words.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133922341233,"sku":"\\V24\\C03\\042LET.pdf","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_a9585dce-72c6-431e-9128-c79176ceadf2.jpg?v=1739657461"},{"product_id":"stcov246prre2","title":"Stocks \u0026 Commodities V. 24:4 (67-70): Product Review: FX Solutions GTS by David Penn","description":"Stocks \u0026amp; Commodities V. 24:4 (67-70): Product Review: FX Solutions GTS by David Penn\u003cbr\u003e\u003cbr\u003eWhat differentiates foreign exchange trading order entry platforms from one another? Much of what makes some forex trading platforms better than others are the same things that make some stock or futures trading platforms better than others: How well does the trading platform track trades once they are placed? How are the quotes arranged and how easily can they be\nreconfigured? How many steps are there between deciding on a trade and actually placing the trade?\u003cbr\u003e\u003cbr\u003eBut truly among the foremost considerations of an order entry platform is the authenticity or transparency of the pricing. And when it comes to foreign exchange\ntrading, this consideration is paramount at least as far as FX Solutions is concerned.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133922374001,"sku":"\\V24\\C04\\075PR1.pdf","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_bb812608-d01a-4619-a87e-6b7abf95a9b2.jpg?v=1739657463"},{"product_id":"stcov249bofo4","title":"Stocks \u0026 Commodities V. 24:7 (92-93): Books For Traders by Technical Analysis, Inc.","description":"Stocks \u0026amp; Commodities V. 24:7 (92-93): Books For Traders by Technical Analysis, Inc.\u003cbr\u003e\u003cbr\u003eThe Essentials Of Trading: From The Basics To Building A Winning Strategy (300 pages, $60 hardcover, 2006, ISBN 0-471-79063-X) by John Forman, published by John Wiley \u0026amp; Sons.\u003cbr\u003e\u003cbr\u003eBuy low. Sell high. It sounds easy, but the reality is very different. Changing market trends can make for turbulent trading. Lack of concentration can lead to costly mistakes. This book is written for those just\nbeginning their journey into trading and provides a base of knowledge from which you can develop trading methods, systems, and techniques that suit you best. From the basics of analyzing a stock and placing a\ntrade, through trading plans and risk management\nto the building of trading systems, this is your source of practical advice.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133922406769,"sku":"\\V24\\C07\\138BOOK.pdf","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_02bffdd1-6488-46ca-a96e-62be3f7a193c.jpg?v=1739657466"},{"product_id":"stcov245qaby","title":"Stocks \u0026 Commodities V. 24:11 (55): Q\u0026A by Don Bright","description":"Stocks \u0026amp; Commodities V. 24:11 (55): Q\u0026amp;A by Don Bright\u003cbr\u003e\u003cbr\u003eSINCE YOU ASKED\u003cbr\u003e\u003cbr\u003eConfused about some aspect of trading? Professional trader Don Bright of Bright Trading (www.stocktrading.com), an equity trading corporation, answers a few of your questions. To submit a question, post your question to our website at http:\/\/\nMessage-Boards.Traders.com. Answers will be posted there, and selected questions will appear in a future issue of S\u0026amp;C.\u003cbr\u003e\u003cbr\u003eOVERHEARD CONVERSATION ONLINE\u003cbr\u003e\u003cbr\u003eNASDAQ and the DJIA keeps going up. As of today, the DJIAs another 16 points up and its only 9:30 am Pacific timeits like its 1999 all over again! We have to have faith in the Federal Reserve and in the US. If you short-sell, you lose most of the time. stock_trad3r\u003cbr\u003e\u003cbr\u003eI dont really think short-sellers are anti-American! Just for the record, how much are those indicators up this year? As traders, we really cant afford to be buy-only typesand certainly not buy \u0026amp; hold types. Since the market guarantees it will go up and down, why take away half the opportunities? And if it werent for short-sellers, where would all the buy \u0026amp; holders get the stock?","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133924372849,"sku":"\\V24\\C11\\212QA.pdf","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_17174789-7127-4111-9311-0eb05cd8d21b.jpg?v=1739657561"},{"product_id":"stcov245inra","title":"Stocks \u0026 Commodities V. 24:4 (56-63): Interview: Raghee Horner by Jayanthi Gopalakrishnan","description":"Stocks \u0026amp; Commodities V. 24:4 (56-63): Interview: Raghee Horner by Jayanthi Gopalakrishnan\u003cbr\u003e\u003cbr\u003eRaghee Horner is a trader, teacher, and author, with more than 15 years experience in the markets. She is a highly sought-after educator and has taught her brand of technical analysis and charting strategies all over the world, conducting seminars throughout the US, Canada, the Caribbean, and Asia. The author of the works Forex Trading For Maximum Profit and the upcoming Thirty Days Of Trading, she has taught foreign exchange, futures, and equities trading for more than a decade. Emphasizing charting and price action, Horner teaches the tools and strategies that encourage self-directed traders to pursue the study of chart analysis and market psychology. Not only that, she has\noffered education and analysis on her own radio program and currently produces a daily multimedia commentary for TradeDirectFX.com. She also offers analysis about the forex market for eSignal and is a frequent speaker at the Forex Trader Expo.\u003cbr\u003e\u003cbr\u003eSTOCKS \u0026amp; COMMODITIES Editor Jayanthi Gopalakrishnan interviewed Horner via telephone on February 7, 2006.\u003cbr\u003e\u003cbr\u003eQ: Raghee, how did you get into forex trading?\u003cbr\u003e\u003cbr\u003eA: Like a lot of traders, I first got interested because I was already trading other markets, and also like a lot of other traders I was on the lookout for new trading opportunities. I just dont think of myself as just a foreign exchange trader; I trade futures, and on occasion, Ill trade stocks. I actually got my start trading commodity futures, so I was exposed to currency trading via currency futures. So it really felt like a natural move to include the forex market to my trading approach and portfolio. More traders should think of themselves as traders. The market you trade should be secondary to the fact that you have a methodology.\u003cbr\u003e\u003cbr\u003eQ: Were you working with a firm?\u003cbr\u003e\u003cbr\u003eA: No, Ive never worked with a firm or managed other peoples money. Ive always been a private trader.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133925683569,"sku":"\\V24\\C04\\073INT.pdf","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_9d1f9907-c5b2-45df-af66-cdd0bd91d826.jpg?v=1739657660"},{"product_id":"stcov24686we","title":"Stocks \u0026 Commodities V. 24:12 (62-64, 86): Websites For Traders: www.IPOHome.com by David Penn","description":"Stocks \u0026amp; Commodities V. 24:12 (62-64, 86): Websites For Traders: www.IPOHome.com by David Penn\u003cbr\u003e\u003cbr\u003eIPO Home by Renaissance Capital\u003cbr\u003e\u003cbr\u003eFor a few years back in the late 1990s, saying IPO around a group of anxious investors was like shouting Pull! at a skeet shooting range. I can still remember\nthe gray-haired, Birkenstock-wearing left-wing computer geek I worked for during the bubble years strutting around the office as he mentally counted the amount of money he had made just that afternoon because he had been one of the fortunate few who had received shares of VA Linux just as the company\nwent public. VA Linux, for those who dont recall, registered what was at the time the best single-day performance in history for an initial public offering\n(IPO) as it rallied nearly 700% from its opening price of $30 a share to an intraday high of more than $300.\u003cbr\u003e\u003cbr\u003eAs the saying goes, that was then. About two years later, VA Linux was a shadow of its former self laying off 35% of its employees and announcing it was getting out of the computer hardware business that had been the companys raison dtre since its founding in the early 1990s.\u003cbr\u003e\u003cbr\u003eFor many investors, Im sure that experiences like VA Linux during the bubble years turned them off to IPOs in\nthe same way that the NASDAQ crash caused investors to flee the stock market. But IPOs are as old as the stock market itself (heres a bit of trivia: the first American IPO was the Bank of the United States in 1791). And it should not be surprising if many of the IPOs of the bubble years in the late 1990s suffered the same fate as many of the stocks during the bubble years.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133925716337,"sku":"\\V24\\C12\\235WEB1.pdf","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_d31ba45a-d4ce-4c05-8b45-87426e94b7af.jpg?v=1739657663"},{"product_id":"stcov242hamo","title":"Stocks \u0026 Commodities V. 24:6 (21-30): Harnessing The (Mis)Behavior Of Markets by Rick Martinelli","description":"Stocks \u0026amp; Commodities V. 24:6 (21-30): Harnessing The (Mis)Behavior Of Markets by Rick Martinelli\u003cbr\u003e\u003cbr\u003eDo market prices vary due to large numbers of random\neffects such as the whims of individual traders?\u003cbr\u003e\u003cbr\u003eIn 1900, Louis Bachelier was awarded a doctorate from the University of Paris following his defense of a dissertation titled Thorie de la Spculation, an event that marked the first time a serious academic paper addressed the behavior of the financial markets. In his dissertation, Bachelier proposed that market prices vary due to large numbers ofrandom effects, such as the whims of individual traders, and hence can be modeled as Brownian motion. Slowly, the financial community adopted his ideas, which are now the foundation of modern financial engineering.\u003cbr\u003e\u003cbr\u003eTHE BROWNIAN MODEL\u003cbr\u003e\u003cbr\u003eThree critical assumptions underlie the Brownian\nmodel, namely:\u003cbr\u003e\u003cbr\u003e1. Price changes are statistically independent\u003cbr\u003e\u003cbr\u003e2. Price changes are normally distributed, and\u003cbr\u003e\u003cbr\u003e3. Price-change statistics do not vary over time.\u003cbr\u003e\u003cbr\u003eThe first assumption means that price changes behave like coin tosses, where the current change was not influenced by past changes and has no influence on future changes.\u003cbr\u003e\u003cbr\u003eThe second assumption says that the changes follow\na bell-shaped curve. This assumption is relevant\nwhenever random behavior is due to many small\ninfluences. It provides a distribution function characterized by only two parameters, the mean and standard deviation, and implies a certain contained\nbehavior of the changes.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133933154673,"sku":"\\V24\\C06\\104MART.pdf","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_a0cff069-3408-4137-b9bb-72f040e19441.jpg?v=1739658010"},{"product_id":"stcov243trin1","title":"Stocks \u0026 Commodities V. 24:12 (32-36): Trading In The Middle Zone by Anthony Trongone","description":"Stocks \u0026amp; Commodities V. 24:12 (32-36): Trading In The Middle Zone by Anthony Trongone\u003cbr\u003e\u003cbr\u003eHaving trouble trading at the start of the day? This strategy will help you find your trading spot.\u003cbr\u003e\u003cbr\u003eThere are many articles about entering the market at the open; there are many articles about entering the market toward the close. Few articles, however, focus on trading during the middle portion of trading, which Ill\ncall the middle zone. This is unfortunate because this\nless glamorous time frame (10:3514:55 Eastern time)\nrepresents two-thirds of the overall trading day. Although the opening of the trading session (65 minutes) is an environment replete with excessive price swings, it does provide us with the information necessary to profit in the middle zone (MZ).\u003cbr\u003e\u003cbr\u003eAnalyzing the previous 444 trading days supplies us with a formula for midday success. By incorporating\nthe information from the opening one-sixth of the trading day, this system gives us the flexibility of taking either a long or short position in which 110 of the 158 tradable plays are successful.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133933449585,"sku":"\\V24\\C12\\228TRON.pdf","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_ae9c6608-e243-42ca-8275-4b1e14ddfe40.jpg?v=1739658012"},{"product_id":"stcov245baex","title":"Stocks \u0026 Commodities V. 24:13 (50-57): BandwidthVolatility Extremes by Barbara Star, Ph.D.","description":"Stocks \u0026amp; Commodities V. 24:13 (50-57): Bandwidth Volatility Extremes by Barbara Star, Ph.D.\u003cbr\u003e\u003cbr\u003eKnowing when volatility has reached extremes could work in your favor.\u003cbr\u003e\u003cbr\u003eVolatility refers to the range or spread between high and low prices over a given time, be it intraday, daily, or\nweekly. When price consolidates or moves sideways, the price range is small and volatility is low. However, when the price range expands or prices rise and fall sharply over short periods of time, volatility is high.\nVolatility shifts from low to high and high to low as price grows, slows, or changes direction. Knowing when volatility has reached extremes could be a profitable piece of trading information.\u003cbr\u003e\u003cbr\u003eVOLATILITY BANDS\u003cbr\u003e\u003cbr\u003eThe popular Bollinger Bands offer a visual way to track the ebb and flow of volatility. The width between the upper and lower bands reflects the expansion and contraction of price movements in relation to a moving average. John Bollinger developed the BandWidth indicator as an adjunct to the Bollinger Bands specifically to track changes in bandwidth movement. He found that changes in bandwidth often result in price corrections or reversals.\u003cbr\u003e\u003cbr\u003eBy virtue of its relationship to a moving average, bandwidths are comparable between securities in that they rise when volatility expands and contract when volatility declines. However, a moving average is based on the underlying securitys price, so the numeric values of bandwidths are not necessarily comparable. For instance, a bandwidth value of (2) may represent acute contraction in one security but not another.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133933482353,"sku":"\\V24\\C13\\252STAR.pdf","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_6c6488d5-d05e-4697-8f15-4ee9659b127c.jpg?v=1739658014"},{"product_id":"stcov245cohi","title":"Stocks \u0026 Commodities V. 24:10 (52-56): Confirming High-Probability Turning Points by Todd Krueger","description":"Stocks \u0026amp; Commodities V. 24:10 (52-56): Confirming High-Probability Turning Points by Todd Krueger\u003cbr\u003e\u003cbr\u003eHeres how to use volume spread analysis to track market activity of the professionals.\u003cbr\u003e\u003cbr\u003eAs traders, we have different methods with which to analyze the market and on which to base our trading decisions; the two most commonly used are fundamental analysis and technical analysis. Each approach offers varying insights into market activity. Fundamental analysis is often used to help determine the balance of supply and demand, in which reports\nof crop yields or crude oil inventories, for example, are studied to gain a better knowledge of an underlying\ncause for the price of a given futures contract to move in a particular direction.\u003cbr\u003e\u003cbr\u003eFundamental analysis attempts to answer why a price\nwill move, but not when. Technical analysis, on the other hand, is often used to answer when the price is ready to move on any given contract with no regard as to why.\u003cbr\u003e\u003cbr\u003eA third approach can be used to analyze a market that will answer why and when simultaneously; this methodology is called volume spread analysis (VSA). I will show you how the VSA approach can track professional activity (also known as the smart money), compare this to both fundamental and technical analysis approaches, and show examples of VSA being used to confirm technical analysis indicators to make better trading decisions.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133933515121,"sku":"\\V24\\C10\\193KRUE.pdf","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_23c993c4-6639-4c35-9d7b-5909416c6276.jpg?v=1739658017"},{"product_id":"stcov241leto11","title":"Stocks \u0026 Commodities V. 24:12 (10-13): Letters To S\u0026C by Technical Analysis, Inc.","description":"Stocks \u0026amp; Commodities V. 24:12 (10-13): Letters To S\u0026amp;C by Technical Analysis, Inc.\u003cbr\u003e\u003cbr\u003eThe editors of S\u0026amp;C invite readers to submit their opinions and information on subjects relating to technical analysis and this magazine. This column is our means of communication with our readers. Is there something you would like to know more (or less) about? Tell us about it. Without a source of new ideas and subjects coming from our readers, this magazine\nwould not exist.\u003cbr\u003e\u003cbr\u003eTECHNICAL ANALYSIS ORGANIZATIONS\u003cbr\u003e\u003cbr\u003eEditor,\u003cbr\u003e\u003cbr\u003eIn the Letters To S\u0026amp;C section of your September 2006 issue, you listed two organizations that are associated with technical analysis. However, you left one out: the American Association of Professional Technical Analysts (AAPTA). Information about AAPTA may be found at www.aapta.us.\u003cbr\u003e\u003cbr\u003eDAVID STECKLER\u003cbr\u003e\u003cbr\u003ePresident, American Association of Professional\nTechnical Analysts\u003cbr\u003e\u003cbr\u003eThank you for sharing this information.\nEditor\u003cbr\u003e\u003cbr\u003eMODELING THE MARKET FOLLOW-UP\u003cbr\u003e\u003cbr\u003eEditor,\u003cbr\u003e\u003cbr\u003eRegarding the following formula given in the letter by Ken Kesler in your October 2006 issue, in the second line of MetaStock code:\u003cbr\u003e\u003cbr\u003eEMM:=TL+SHP;\u003cbr\u003e\u003cbr\u003ewhere does the TL come from?\u003cbr\u003e\u003cbr\u003eBILL\u003cbr\u003e\u003cbr\u003eKen Kesler replies:\u003cbr\u003e\u003cbr\u003eHere is the complete MetaStock code. Sorry for any confusion...","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133935448433,"sku":"\\V24\\C12\\223LET.pdf","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_cae6ae1c-bcea-4f3e-9fa1-1229eece2cfa.jpg?v=1739658153"},{"product_id":"stcov247qaby1","title":"Stocks \u0026 Commodities V. 24:6 (71): Q\u0026A by Don Bright","description":"Stocks \u0026amp; Commodities V. 24:6 (71): Q\u0026amp;A by Don Bright\u003cbr\u003e\u003cbr\u003eSINCE YOU ASKED\u003cbr\u003e\u003cbr\u003eConfused about some aspect of trading? Professional trader Don Bright of Bright Trading (www.stocktrading.com), an equity trading corporation, answers a few of your questions. To submit a question, post your question to our website at http:\/\/Message-Boards.Traders.com. Answers will be posted there, and selected questions will appear in a future issue of S\u0026amp;C.\u003cbr\u003e\u003cbr\u003ePROFESSIONAL VS. RETAIL\u003cbr\u003e\u003cbr\u003eQ: I have read some of your articles where you refer to professional trading, and wonder what that actually means. In addition, what is the reason for allowing\nyour traders to use a million dollars of your firms capital to trade with? Isnt that awfully risky, like too much margin?dtcryer82\u003cbr\u003e\u003cbr\u003eA: Good questions! I havent written here about professional trading in a while, so here goes. When referring to professional trading I mean professional\nversus retail trading, not versus amateur trading. Since around 1998 or so its been a requirement that all traders have licenses (at least a Series 7), or else\nthey are stuck trading with a retail brokerage. The inherent restrictions on retail traders make it virtually impossible for most traders to make money. The main restrictions affect a traders use of capital and market access, which leads into your other question.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133935481201,"sku":"\\V24\\C06\\113QA.pdf","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_8f7273ec-ef7c-4222-909f-808716e4f99c.jpg?v=1739658155"},{"product_id":"stcov243idcu","title":"Stocks \u0026 Commodities V. 24:2 (36-42): Identifying The Cup (With Or Without The Handle) by Giorgos Siligardos, Ph.D.","description":"Stocks \u0026amp; Commodities V. 24:2 (36-42): Identifying The Cup (With Or Without The Handle) by Giorgos Siligardos, Ph.D.\u003cbr\u003e\u003cbr\u003eHeres a mechanical identification formula for the rounding bottom, one of the most rewarding formations for traders.\u003cbr\u003e\u003cbr\u003eThe rounding bottom (also known as the cup) is one of the basic and most-familiar bullish charting formations. In this article I will present a simple yet powerful and flexible algorithm to identify cups that can be implemented in almost all technical analysis software and in all time frames.\u003cbr\u003e\u003cbr\u003eThe typical cup formation can be seen in Figure 1. The price declines and stops at point B. A sideways price movement follows, accompanied by low volume (the period from points B to C). The price then advances and stops at point D. With that, a cup-like price formation forms. Many times (though not necessarily), after point D the price declines again for a while on very low volume (point E) and forms the handle of the cup.\nThen the price breaks upward with the short-term horizontal resistance defined by point D on very high volume, and a medium-long term bullish period begins.\u003cbr\u003e\u003cbr\u003eA variation of the cup is what technician Steve Nison refers to in his Japanese Candlestick Charting Techniques as tower bottoms. The typical cup formation takes many weeks (or even months or years) to complete, whereas a tower bottom formation takes a shorter time to form. The segments A-B and C-D are steeper and the bottom period (from B to C) is more volatile. Nevertheless, the similarity between tower bottoms and the typical cups is very strong, so when the bottom part of a tower bottom is not very volatile, I categorized it in the general family of cup formations.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133937086833,"sku":"\\V24\\C02\\026SILI.pdf","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_156e5d83-befc-4a81-8c7c-e2de6c373e1c.jpg?v=1739658280"},{"product_id":"stcov244trch","title":"Stocks \u0026 Commodities V. 24:6 (44-47): Trade The Chart, Not The System by Anthony Trongone, Ph.D., CFP, CTA","description":"Stocks \u0026amp; Commodities V. 24:6 (44-47): Trade The Chart, Not The System by Anthony Trongone, Ph.D., CFP, CTA\u003cbr\u003e\u003cbr\u003eThis is why you need to constantly monitor the performance of your trading system.\u003cbr\u003e\u003cbr\u003eChanging economic conditions can affect the performance of any trading system. Therefore, developing the discipline to periodically monitor the performance of your systems becomes a constructive exercise, one that can increase profits or prevent loss.\u003cbr\u003e\u003cbr\u003eThe proactive trading system (referred to as GIA, which stands for generating interactive assets) is a successful strategy for taking a position 60 minutes after the opening of trading. As well as discuss its effectiveness, I will also describe how to proactively react to the running performance of any trading strategy. By tracking your systems performance, you can fine-tune your trading strategy to existing price movements. This will give you the opportunity to either go short when your system is working or go long when its success fades.\u003cbr\u003e\u003cbr\u003eTRADING THE NASDAQ 100\u003cbr\u003e\u003cbr\u003eThis article investigates the price movements of the NASDAQ 100 index (QQQQ) over 514 trading days from January 30, 2004, to February 10, 2006 (Figure 1). With a daily average of 94.5 million shares, NASDAQ 100 findings are generally an accurate barometer of trading technology stocks with active volume. The purpose of this popular exchange traded fund (ETF) is to replicate the movements of the NASDAQ 100, and since the QQQQ has a near-perfect correlation with the NASDAQ 100 futures, you can actively trade it as its replacement.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133937119601,"sku":"\\V24\\C06\\107TRON.pdf","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_1ea20670-0d8a-4d94-8d8a-03ed730ff313.jpg?v=1739658283"},{"product_id":"stcov242meri","title":"Stocks \u0026 Commodities V. 24:11 (20-26): Measuring Risk by Lee Leibfarth","description":"Stocks \u0026amp; Commodities V. 24:11 (20-26): Measuring Risk by Lee Leibfarth\u003cbr\u003e\u003cbr\u003eThe most important concept in building a profitable trading system is to protect your capital. Heres a look at some of the techniques you can apply to measure your risks.\u003cbr\u003e\u003cbr\u003eWould you consider riding a roller-coaster at an amusement park? How about tak-ing a whitewater rafting trip or climbing Mt. Everest? For everyone the answer will be different, as we each assess risk and reward differently. Herein lies the reason why one style of trading doesnt work for everyone: as traders, we all have different risk tolerances. This article will discuss some methods of measuring risk and explain some of the basic principles of successful risk management.\u003cbr\u003e\u003cbr\u003eDEFINING RISK\u003cbr\u003e\u003cbr\u003eIn the context of trading, risk refers to the probability of losing money or trading capital. The primary goal of trading is to protect capital. This is, by far, the most important concept in building a profitable trading system. While it may seem that the first goal should be to make a profit, simply focusing on profits (or returns) may cause traders to take unnecessary risks, causing them to burn through a trading account. The fact is, without enough money, traders are bankrupt. Game over. Once a trading account has been lost or severely depleted, it can take a long time and a lot of stress to start over. Proper planning and money management allow traders to establish systems that will protect their most valuable asset: trading capital.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133938299249,"sku":"\\V24\\C11\\206LIEB.pdf","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_8f4f7a11-99d0-4491-ba19-20b0dbe80ca0.jpg?v=1739658374"},{"product_id":"stcov246inch","title":"Stocks \u0026 Commodities V. 24:6 (62-66): Interview: Chuck Dukas Of TRENDadvisor.com by Jayanthi Gopalakrishnan","description":"Stocks \u0026amp; Commodities V. 24:6 (62-66): Interview: Chuck Dukas Of TRENDadvisor.com by Jayanthi Gopalakrishnan\u003cbr\u003e\u003cbr\u003eChuck Dukas is principal in a hedge fund and president of TRENDadvisor.com, a website that provides trading recommendations and educational and training services to better equip the trader to understand the markets and prepare traders to trade independently. He is the author of The TRENDadvisor\nGuide To Breakthrough Profits: A Proven System For Building Wealth In The Financial Markets, which is a comprehensive guide to trend analysis and how it relates to trading and investing plans, published by John Wiley \u0026amp; Sons. This interview combined phone and email questions and answers, starting on April 10, 2006, conducted by STOCKS \u0026amp; COMMODITIES Editor\nJayanthi Gopalakrishnan.\u003cbr\u003e\u003cbr\u003eQ: Chuck, how did you get interested in trading?\u003cbr\u003e\u003cbr\u003eA: From the time I pursued graduate work in finance in the early 1980s, I spent every moment could working on technical analysis. I spent endless hours and years developing and testing algorithms. I was looking\nfor the holy grail of trading. I know now it exists, but not as a trading system. It lies within us. The holy grail\nreally is the discipline to follow a plan or methodology.\u003cbr\u003e\u003cbr\u003eFrom that I developed the diamond analysis, which was a result of my desire to develop a system with repeatable success for any skill level. Soon I realized I had to record the methodology, which is why I wrote the book.\u003cbr\u003e\u003cbr\u003eQ: What, in your opinion, are the most important decisions any trader has make before placing a trade?\u003cbr\u003e\u003cbr\u003eA: There are some questions you have answer before you place any trade. The questions are:\u003cbr\u003e\u003cbr\u003e1. Do you have a plan for that trade?\u003cbr\u003e\u003cbr\u003e2. Will the trade be a long-term trade or swing trade?\u003cbr\u003e\u003cbr\u003e3. Will your stop be a hard stop or a mental one?\u003cbr\u003e\u003cbr\u003e4. What would the trade look like if it fails?\u003cbr\u003e\u003cbr\u003e5. If youre going long, do you have a first objective where you will harvest a portion of the profit?\u003cbr\u003e\u003cbr\u003e6. Think of a trader as being a builder of a home. Would\nthat builder construct that home without a set of plans?\u003cbr\u003e\u003cbr\u003eSuccess comes with a blueprint, and the more times you duplicate that design, the more dependable the outcome.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133939872113,"sku":"\\V24\\C06\\111Int.pdf","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_e4b08bb3-74e1-4d68-a988-4ce1cde357c5.jpg?v=1739658481"},{"product_id":"stcov247trti7","title":"Stocks \u0026 Commodities V. 24:12 (76-86): Traders' Tips by Technical Analysis, Inc.","description":"Stocks \u0026amp; Commodities V. 24:12 (76-86): Traders Tips by Technical Analysis, Inc.\u003cbr\u003e\u003cbr\u003eHere is this months selection of Traders Tips, contributed by various developers of technical analysis software, all to help readers more easily implement some of the strategies presented in this issue.\u003cbr\u003e\u003cbr\u003eEditors note: This months Traders Tips are based on the sidebar to our interview with Robert Colby in this issue, which describes the stochastics with long-term EMA filter technique.\u003cbr\u003e\u003cbr\u003eCode written in MetaStock format is already provided in the sidebar by Robert Colby. Additional code for TradeStation, eSignal, AmiBroker, Wealth-Lab, NeuroShell Trader, NeoTicker, AIQ, StrataSearch, Aspen Graphics Trade Navigator\/TradeSense, TradingSolutions, TS Support, VT Trader, and TechniFilter is presented here.\u003cbr\u003e\u003cbr\u003eReaders will find our Traders Tips section\nin its entirety at the STOCKS \u0026amp; COMMODITIES website at www.Traders.com in the Traders Tips area, from where the code can be copied and pasted into the appropriate program. In addition, the code for each program is usually available at the respective software companys website. Thus, no retyping of code is required for Internet users. For subscribers, code given in the Colby interview sidebar can be copied and pasted into MetaStock from the Subscriber Area at www.Traders.com. Login is required.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133939904881,"sku":"\\V24\\C12\\241TIPS.pdf","price":5.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_eaf24af1-c431-41fc-8880-02509ad253e2.jpg?v=1739658483"},{"product_id":"stcov242rech","title":"Stocks \u0026 Commodities V. 24:13 (24-39): Readers' Choice Awards 2006 by Technical Analysis, Inc.","description":"Stocks \u0026amp; Commodities V. 24:13 (24-39): Readers Choice Awards 2006 by Technical Analysis, Inc.\u003cbr\u003e\u003cbr\u003eWe are pleased to present the Technical Analysis of STOCKS \u0026amp; COMMODITIES magazine 2006 Readers Choice Awards (RCA). Each year, we put before our\nreaders a ballot of products and services related to technical analysis and trading. The following pages present the products and services you and your peers chose this year as your favorites.\u003cbr\u003e\u003cbr\u003eThe Readers Choice Awards begins each year with a list of products gathered by the editors of STOCKS \u0026amp; COMMODITIES, with space for write-in votes (given that our list doesnt claim to be complete). Then, to find out what our readers find to be the most useful for their trading, we ask them to choose their favorite products or the ones they find most useful from various categories by going to our website, Traders.com, and filling out the survey there. After that, we compile the results, just in time for the Bonus Issue you hold in your hands. Products are categorized by their primary purpose. Just because a service or product is not listed does not necessarily mean that the product does not have features germane to the category; otherwise, a number of products could be listed in numerous categories. In addition, some categories are divided by cost so that the comparisons can be made on a more level playing field. The winners in the Readers Choice Awards are almost always the dominant players in their niche, and rightfully so. You may have special needs for your trading, however, so you should keep in mind those products that are not the big names in the category of your interest before you make your final decision. The RCA is designed to be an aid for you when you are deciding on which of the numerous products and services currently available to use for your trading and investing. With that in mind, we think youll find the Readers Choices a terrific guide to products and services that youll be interested in.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133941150065,"sku":"\\V24\\C13\\249RCA.pdf","price":5.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_e23885f4-a9dc-41a7-8b30-41b55c000777.jpg?v=1739658579"},{"product_id":"stcov244inro","title":"Stocks \u0026 Commodities V. 24:12 (48-56): Interview: Robert W. Colby, CMT by Jayanthi Gopalakrishnan","description":"Robert W. Colby is senior investment strategist at TradingEducation.com and RobertWColby.com. He is also a consultant to institutional and private investors\nand traders, providing custom research services and trading systems tailored to clients objectives, whether its short-term trading, long-term investing, stocks, or\ncommodities. Why is the name so familiar? Well, if youve been around technical analysis for any length of time, youve probably flipped past the name. Colby is the author of The Encyclopedia Of Technical Market Indicators (second edition, 2003), the standard reference for indicator and trading systems design. Colby previously worked at several large Wall Street firms as a proprietary trader, technical analyst, fundamental analyst, and adjunct instructor at New York\nUniversity and New York Institute of Finance, where he developed new courses on investment analysis and market timing.\u003cbr\u003e\u003cbr\u003eSTOCKS \u0026amp; COMMODITIES Editor Jayanthi Gopalakrishnan conducted a telephone\ninterview with Colby on October 5, 2006.\u003cbr\u003e\u003cbr\u003eQ: I know youve been in the industry for a long time. Since\u003cbr\u003e\u003cbr\u003eA: Forever! 1969.\u003cbr\u003e\u003cbr\u003eQ: I understand you did fundamental analysis when you started out.\u003cbr\u003e\u003cbr\u003eA: Yes, I did.\u003cbr\u003e\u003cbr\u003eQ: What made you focus more on technical\nanalysis?\u003cbr\u003e\u003cbr\u003eA: What cemented it for me was the bear market of 197374. I could see the fundamentals meant nothing because stocks were in a downtrend and that was all\nthat mattered. It didnt matter how much net cash assets the companies had, or what their earnings were. Things went down anyway. Down, down, down, day after day. That was an eye-opener for me. I was working as a fundamentalist at A.G. Edwards \u0026amp; Sons and getting paid for it, but it just became obvious the market sometimes just ignores all fundamentals. Fundamentals just didnt matter. I saw it again later on occasions where stocks would be undervalued with\nearnings growing at above-average rates for years on end, but the market would just ignore it.\u003cbr\u003e\u003cbr\u003eQ: So fundamentals were being completely\noverlooked?\u003cbr\u003e\u003cbr\u003eA: Yes. It was particularly evident during\nthe late 1970s. The market just didnt\ncare. Investors werent willing to pay\nup for stocks. The uptrends didnt last,\nand stocks were really cheap and stayed\nthat way for years. Now, its a little\ndifferent. The dividend yield, for example,\nwas fairly high during the late\n1970s, compared to recent years. The\nbull market came in the 1980s and valuations\nstarted to increase all the way up\nto 2000. At that point, stocks got very\nexpensive. Since 2000, stocks have become\nless expensive but not cheap.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133941182833,"sku":"\\V24\\C12\\231INT.pdf","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_b6e509e2-e92a-4ec9-a15f-44131c05b975.jpg?v=1739658582"},{"product_id":"stcov245inca","title":"Stocks \u0026 Commodities V. 24:5 (56-59): Interview: Cari Lynn: Life On The Trading Floor by Jayanthi Gopalakrishnan","description":"Stocks \u0026amp; Commodities V. 24:5 (56-59): Interview: Cari Lynn: Life On The Trading Floor by Jayanthi Gopalakrishnan\u003cbr\u003e\u003cbr\u003eCari Lynn is a Chicago-based journalist and the author of \"Leg The Spread: A Womans Adventures Inside The Trillion-Dollar Boys Club Of Commodities Trading.\" In researching \"Leg The Spread\", Lynn spent two years at\nthe Chicago Mercantile Exchange (CME), following around the handful of women who brave the male-dominated trading pits. Lynn holds a masters\ndegree in writing from Johns Hopkins University and a bachelors in journalism from the University of Maryland. She has ghost-written two other books of nonfiction, and has also written for numerous newspapers and magazines, including O, The Oprah Magazine, Health, Good Housekeeping, The Chicago Tribune, Washingtonian, San Francisco magazine,\nand Chicago magazine. She has worked on Capitol Hill for the Press Secretary of the House Commerce Committee, and has also taught English at Loyola University and creative writing at Columbia College.\u003cbr\u003e\u003cbr\u003eSTOCKS \u0026amp; COMMODITIES Editor Jayanthi Gopalakrishnan interviewed Cari Lynn via telephone on March 9, 2006.\u003cbr\u003e\u003cbr\u003eQ: Cari, what inspired you to get yourself on the floor of the financial markets?\u003cbr\u003e\u003cbr\u003eA: A friend of mine daytraded from home. She also happened to own a seat at the Chicago Board of Trade\n(CBOT). In 2000, when the Internet bubble burst, she watched her account plummet, and was bemoaning the fact that the people on the floor were actually profiting from this. I didnt understand what that meant. I didnt know the first thing about futures trading, but I knew she owned the seat. I said, Why dont you use it? You know how to trade. Youve been successfully trading for several years now. And she said she didnt trade on the floor because she was afraid. I had no\nconcept why a woman, in this day and age who was adept at her career, would be so afraid. So that got me curious.\u003cbr\u003e\u003cbr\u003eWe went down to the floor and I had never seen anything like it. I immediately understood her fear. I couldnt spot any women. I was also blown away by the fact that here was this whole other world and it was just down the street from me. People dont have any idea what really goes on there. I knew there were stories waiting to be told. I became fascinated with how the handful of women working on the floor were making it in this really vicious, physical, mans world. Really, it is one of the last male bastions in society.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133945672049,"sku":"\\V24\\C05\\093INT.pdf","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_2e520f47-145b-452a-99f2-95fb8520c04f.jpg?v=1739658802"},{"product_id":"stcov242sers","title":"Stocks \u0026 Commodities V. 24:2 (20-27): The Self-Adjusting RSI by David Sepiashvili","description":"Stocks \u0026amp; Commodities V. 24:2 (20-27): The Self-Adjusting RSI by David Sepiashvili\u003cbr\u003e\u003cbr\u003eHeres how you can design self-adjusting\noverboughtoversold benchmarks for the relative strength index so it can be applied to multiple market conditions.\u003cbr\u003e\u003cbr\u003eMomentum indicators such as the relative strength index (RSI) measure the speed at which a securitys price is changing. One of the main advantages of such indicators is the early signaling for entry and exit points. However, along with their strengths, they do exhibit some limitations.\u003cbr\u003e\u003cbr\u003eWith that in mind, I designed a new mode of RSI with self-adjusted overboughtoversold benchmarks. The advantage of this is that it could be applied to multiple market conditions without regard to the calculation period. The basic advantage of the indicator is that it expands the functionality to intermediate and long terms, squeezing its way into the traditional domain of trend-following indicators and making it possible to use it in multiframe analysis.\u003cbr\u003e\u003cbr\u003eLIMITATIONS IN THE RSI\u003cbr\u003e\u003cbr\u003eThe application of the popular RSI is conventionally\nlimited to short-term analysis. But detecting a tradables strength in the intermediate and long terms is an issue that is just as important, if not more. As you are probably aware, the RSI fluctuates around a centerline and highlights overbought and oversold extremes relative to the 30 and 70 benchmarks. But it is usually more accurate when calculated using a 14-day period. Anything beyond tends to yield errors.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133961826673,"sku":"\\V24\\C02\\023.SEPI.pdf","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_18a91f2b-95bd-4d89-815b-197448873fe1.jpg?v=1739658907"},{"product_id":"stcov247prre","title":"Stocks \u0026 Commodities V. 24:5 (72-76): Product Review: OptionsXpress by David Penn","description":"Stocks \u0026amp; Commodities V. 24:5 (72-76): Product Review: OptionsXpress by David Penn\u003cbr\u003e\u003cbr\u003eRather than a comprehensive look at OptionsXpress, the stock, options, and electronic futures brokerage that\nhas been much lauded in the financial media of late (including commendations from readers of the magazine you have in your hands right now), this peek will focus on those tools that an increasing number of options traders have come to rely on in order to find, evaluate, and execute winning trades in the options marketplace. Whether you are a plain-vanilla options trader who limits your work to straightforward buying\nand selling of calls and puts, or a sophisticated spread trader looking to ferret every last nickel of profit out of a\npair of options, the tools that OptionsXpress provides will go a long way toward helping options traders become as successful as they want to be.\u003cbr\u003e\u003cbr\u003eSo forgive me if the following discussion is a little light on account minimums and investor experience levels.\nOr if I dont spend much time talking about setting up initial accounts or transferring funds from other accounts. And while Im not necessarily assuming that\nall readers will have a complete knowledge of what options are, what puts and calls are, to say nothing of the complex options combinations Im not going to talk a great deal about them, either. The purpose of this review is mostly to alert those who trade options and those who have been thinking about trading options about the tools available at OptionsXpress that will make it easier for them to do so.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133961859441,"sku":"\\V24\\C05\\097PR2.pdf","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_a2e3611f-8919-4f49-a61e-b395b6fc0237.jpg?v=1739658910"},{"product_id":"stcov242sefo","title":"Stocks \u0026 Commodities V. 24:12 (20-24): Searching For (Trading) Certainty by Aaron Lynch","description":"Stocks \u0026amp; Commodities V. 24:12 (20-24): Searching For (Trading) Certainty by Aaron Lynch\u003cbr\u003e\u003cbr\u003eLike dragons, markets are always uncertain, whether\nthey are in a trading range or a trend. Heres a way to make your profits (for certain) by following the short-term or long-term trend.\u003cbr\u003e\u003cbr\u003eOne of the most basic human emotions dictating at least one decision each day is our confidence in a known outcome. This can be as simple as knowing the\nsun will come up tomorrow or the train you take to work will arrive on time (in many cities, of course, this is a forlorn hope!). Without this basic premise, however, our lives would descend into chaos, as we could not make a reliable or informed decision because we would be continually secondguessing all the choices confronting us.\u003cbr\u003e\u003cbr\u003eSo how does this affect trading? A colleague of mine disturbs traders by making the statement that if the markets were certain then there would be no markets. This can shake the confidence of some. If every market reacted in the same way every time, that market would either be very easy to trade or break down, as it could not exist this way.\u003cbr\u003e\u003cbr\u003eCERTAINTY IN UNCERTAINTY\u003cbr\u003e\u003cbr\u003eBalancing the basic need for certainty coupled with an uncertain trading landscape, we must find an anchor or reference point from which to begin. For me and for all successful traders, that anchor is our chosen trading plan.\u003cbr\u003e\u003cbr\u003eMy trading plan is structured around a tool known as a swing chart, based on the principles established by W.D. Gann.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133963268465,"sku":"\\V24\\C12\\225LYNC.pdf","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_839c329d-36e2-4d2c-a37c-98270824801a.jpg?v=1739659022"},{"product_id":"stcov247exyo","title":"Stocks \u0026 Commodities V. 24:2 (71): Explore Your Options by Tom Gentile","description":"Stocks \u0026amp; Commodities V. 24:2 (71): Explore Your Options by Tom Gentile\u003cbr\u003e\u003cbr\u003eGot a question about options? Tom Gentile is the chief options strategist at Optionetics (www.optionetics.com), an education and publishing firm dedicated to teaching investors how to minimize their risk while maximizing profits using options. To submit a question, post it to our website at http:\/\/Message-Boards.Traders.com. Answers will be posted there, and selected questions will appear in a future issue of S\u0026amp;C.\u003cbr\u003e\u003cbr\u003eDELTA \u0026amp; VOLATILITY IN COLLAR TRADES\u003cbr\u003e\u003cbr\u003eI am a subscriber to S\u0026amp;C, and have traded stocks for several years. However, my knowledge of options is quite limitedI recently found that a collar trade can work better than stops. Is delta an important consideration when using options in collar trades where I own the stock? Also, what about the volatility rating? Where do you find the rating for delta and volatility when evaluating which options are better than\nothers? Ronald Rogers","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133963301233,"sku":"\\V24\\C02\\033EYO.pdf","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_60e32670-6447-413c-8be7-369d498d83c5.jpg?v=1739659024"},{"product_id":"stcov245prre3","title":"Stocks \u0026 Commodities V. 24:12 (58-59): Product Review: Correlation Reports: CSI Data by Jayanthi Gopalakrishnan","description":"Stocks \u0026amp; Commodities V. 24:12 (58-59): Product Review: Correlation Reports: CSI Data by Jayanthi Gopalakrishnan\u003cbr\u003e\u003cbr\u003eIf you own shares of Starbucks, Inc. (SBUX), theres a strong chance you follow that stock on a regular basis. But do you ever think of following the coffee futures? Are the two positively or negatively correlated? Chances are you may not know, but it may be worth your effort to analyze such correlations. But that would require analyzing so many related markets it might not be worth your time. Fortunately, to reduce the time spent in analyzing the interrelationships among various markets, Commodity Systems, Inc. (CSI) has developed an intermarket correlation report, which can go through as many as 250 million market pairs with the click of a button and spit out a list of those that are significantly correlated with each other.\u003cbr\u003e\u003cbr\u003eThis tool is especially useful for spread traders since it identifies low-risk trading opportunities. Since it is a visual tool, you can easily see the relationship between\ntwo markets and also see where you can enter and exit your trades.\u003cbr\u003e\u003cbr\u003eFEATURES\u003cbr\u003e\u003cbr\u003eOnce you have a username and password, youre ready to test out all the features. The interface is simple and what youll see first on your browser is a small window with tabs across the top of the page (Figure 1). You can opt to analyze a single pair of markets, one market with everything else, multiple pairs of markets, or everything vs. everything.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133964743025,"sku":"\\V24\\C12\\233PR1.pdf","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_ccbcbe27-42d8-4f00-8a93-4afa44f25b23.jpg?v=1739659125"},{"product_id":"stcov24671qu","title":"Stocks \u0026 Commodities V. 24:3 (67, 71): Quick-Scans: TradersInternational.com by J. Gopalakrishnan","description":"Stocks \u0026amp; Commodities V. 24:3 (67, 71): Quick-Scans: TradersInternational.com by J. Gopalakrishnan\u003cbr\u003e\u003cbr\u003eTrading has long been known as a lonely profession. The image of a solitary trader sitting at home in front of a computer screen(s) watching the markets is not\ntoo far from the truth. Although many traders have accepted that, some nonetheless yearn to communicate with their fellow traders.\u003cbr\u003e\u003cbr\u003eTraders International has addressed this need by giving traders access to its alert room, where you can actually watch a trader make live trades on the S\u0026amp;P e-mini contract. Franz Shoar, who has had 19 years experience in trading, trades the S\u0026amp;P e-mini contracts on an intraday basis, and if you drop in at Traders Internationals alert room, you will get a good look at how he trades. Bear in mind that he uses a lot of indicators and unique trading signals that you have never heard of; nor will you know how to create these indicators or signals. All you can really do is play follow\nthe leader. I have always been skeptical about this type of trading, but I thought Id give it a chance.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133964775793,"sku":"V24\\C03\\052QS1.pdf","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_8ba8b5ad-8d6a-443a-87d2-02d97a8dad89.jpg?v=1739659127"},{"product_id":"stcov249qaby","title":"Stocks \u0026 Commodities V. 24:5 (92): Q\u0026A by Don Bright","description":"Stocks \u0026amp; Commodities V. 24:5 (92): Q\u0026amp;A by Don Bright\u003cbr\u003e\u003cbr\u003eSINCE YOU ASKED\u003cbr\u003e\u003cbr\u003eConfused about some aspect of trading? Professional trader Don Bright of Bright Trading (www.stocktrading.com), an equity trading corporation, answers a few of your questions. To submit a question, post your question to our website at http:\/\/Message-Boards.Traders.com. Answers will be posted there, and selected questions will appear in a future issue of S\u0026amp;C.\u003cbr\u003e\u003cbr\u003eUNDERSTANDING SPOOS PREMIUM\u003cbr\u003e\u003cbr\u003eI have been researching the PREM (premium) or spread between the SPOOS and the S\u0026amp;P cash index. I am trying to understand it better to help in speculating\nday-to-day market direction. Can you shed some insight into this?Argula\u003cbr\u003e\u003cbr\u003eGood question about a very valuable tool that is necessary for every traders toolbox. First off, the Standard \u0026amp; Poors 500 spot price, generally reflected with a symbol of SPX, is the actual index price for all 500 stocks (just like the Dow Jones Industrial Average is for the Dow 30 stocks). The SPOOS, as we call\nthem, are the S\u0026amp;P 500 futures contract, interchangeable with the e-mini contract (smaller contract based on same 500 stocks).","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133964808561,"sku":"\\V24\\C05\\100QA.pdf","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_04427390-9ef1-4b6f-8587-310206977fed.jpg?v=1739659129"},{"product_id":"stcov242moma","title":"Stocks \u0026 Commodities V. 24:8 (20-26): Modeling The Market = Building Trading Strategies by John F. Ehlers","description":"Stocks \u0026amp; Commodities V. 24:8 (20-26): Modeling The Market = Building Trading Strategies by John F. Ehlers\u003cbr\u003e\u003cbr\u003eThe correct model can form the foundation for comprehensive trading strategies.\u003cbr\u003e\u003cbr\u003eModeling the market is important because you can build comprehensive trading strategies if your model is correct. One example of a successful model is the famous Black-Scholes model for options; a variety\nof options strategies have been spawned from it.\nAnother historical model is the Hodrick-Prescott\nfilter, which attempts to isolate the trend and cyclic\ncomponents of macroeconomic data. It finds the\ntrend by penalizing variance of the cyclic component.\nOnce the trend is found, the implied cycle component is established as the difference between the original price and the trend. The Hodrick-Prescott is not applicable for trading, usually being applied to monthly, quarterly, and annual data samples. Philosophically, the Hodrick-Prescott has the construc-tion of the model exactly backward. Rather than first finding the trend, I know we can measure the cyclic component of the market, and by using that, we can derive an instantaneous trendline.\u003cbr\u003e\u003cbr\u003eTRENDS AND CYCLES\u003cbr\u003e\u003cbr\u003eFirst, we start by assuming that our market model is made up of a trend component and a cyclic component and that we can add those two components together to synthesize a reasonable representation of the market. There are no overt constraints on these two components; the trend component does not have to be a straight line and can curve across the duration of the\nprice chart. This is the instantaneous trendline.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133966446961,"sku":"\\V24\\C08\\143EHLE.pdf","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_16ce09a6-cfa6-42ff-9bc0-aa93acc573ff.jpg?v=1739659229"},{"product_id":"stcov242wefo","title":"Stocks \u0026 Commodities V. 24:9 (27): Websites For Traders by Jayanthi Gopalakrishnan","description":"Stocks \u0026amp; Commodities V. 24:9 (27): Websites For Traders by Jayanthi Gopalakrishnan\u003cbr\u003e\u003cbr\u003eWWW.EMINIZ.COM\u003cbr\u003e\u003cbr\u003eWant to sit at home and trade for a few hours and then spend the rest of your time enjoying life? Who wouldnt want to? My guess is that if you didnt have this daydream at least once in your life, you wouldnt be reading this magazine. It isnt difficult to open up a futures trading account, online or otherwise, but before you do, youll have to decide what you want to trade and how you want to trade it. Just like with anything else, you need a game plan. To help you create that game plan, longtime STOCKS \u0026amp; COMMODITIES contributor John F. Ehlers has set up a website, www.eMiniZ.com, for those who trade or wish to trade e-mini futures contracts. The tradables include e-mini Standard \u0026amp; Poors 500, e-mini NASDAQ 100, e-mini S\u0026amp;P Midcap 400, e-mini Russell 2000, and the e-mini Dow. There\nare three levels you can choose from: silver, gold, and platinum, depending on which index you wish to trade plus your trading account size. The prices can be found on the website.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133966479729,"sku":"\\V24\\C09\\169WEB1.pdf","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_4d0477b1-e694-4301-a032-9d61009ae220.jpg?v=1739659232"},{"product_id":"stcov247qaby","title":"Stocks \u0026 Commodities V. 24:3 (74): Q\u0026A by Don Bright","description":"Stocks \u0026amp; Commodities V. 24:3 (74): Q\u0026amp;A by Don Bright\u003cbr\u003e\u003cbr\u003eSINCE YOU ASKED\u003cbr\u003e\u003cbr\u003eConfused about some aspect of trading? Professional trader Don Bright of Bright Trading (www.stocktrading.com), an equity trading corporation, answers a few of your questions. To submit a question, post your question to our website at http:\/\/Message-Boards.Traders.com. Answers will be posted there, and selected questions will appear in a future issue of S\u0026amp;C.\u003cbr\u003e\u003cbr\u003eVOLATILITY \u0026amp; TREND\u003cbr\u003e\u003cbr\u003eDoes volatility of a particular market have any correlation with its trendiness? Does increased volatility result in more trends or choppy markets? Any insight, tips, thoughts, or comments on the relationship\nbetween volatility and trend will be welcome.rizwanuk\u003cbr\u003e\u003cbr\u003eOne of my concerns is that most people dont truly understand implied volatility (as reflected in the VIX, for\nexample) vs. historical volatility. When compared to one another, the two actually show the trending direction, if not the magnitude (gammas) of the move. Due to basic math, as markets trend up or down, volatility goes up. The opposite is true when markets stabilize or become choppy, and implied volatility goes down.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133966512497,"sku":"\\V24\\C03\\055QA.pdf","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_cbc9bae3-5dc2-43f6-a8cd-da1c375f28dd.jpg?v=1739659234"},{"product_id":"stcov241fofo4","title":"Stocks \u0026 Commodities V. 24:6 (16-18): Forex Focus by Darrel Jobman","description":"Stocks \u0026amp; Commodities V. 24:6 (16-18): Forex Focus by Darrel Jobman\u003cbr\u003e\u003cbr\u003eAccess to foreign exchange trading has opened up exciting trading options for the retail trader. You can now trade alongside corporations and institutions in a highly liquid market that is global, traded around the clock, and highly leveraged. Before jumping into this market, however, we must understand the factors that affect the forex market. With that in mind, STOCKS \u0026amp; COMMODITIES has introduced Forex Focus to better prepare the retail trader to participate in the currency market.\u003cbr\u003e\u003cbr\u003eQ: Is the yen really turning around?\u003cbr\u003e\u003cbr\u003eA: Over the last five years, the Bank of Japan has been engaged in a prolonged battle to combat deflation in the Japanese economy to bring conditions back to normal. The central bank already cut interest rates to zero in 2001 but took the additional step of flooding the market with excess liquidity. The bank adopted a quantitative policy with a target of 30-35 trillion yen for current account deposits held by the commercial banks.\u003cbr\u003e\u003cbr\u003eA second element of the policy was to intervene aggressively to prevent yen strength, as a stronger currency would have put further downward pressure on domestic consumer prices. The Japanese central bank, under the direction of the Finance Ministry, intervened heavily to prevent yen gains through the 100 level against the US dollar in the first quarter of 2005, although there has been no need to step in over the\nlast 12 months, given the general dollar gains.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133968118129,"sku":"\\V24\\C06\\103FORX.pdf","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_563b1569-6cd9-4980-9919-6ab7ab8c7462.jpg?v=1739659358"},{"product_id":"stcov242qaby1","title":"Stocks \u0026 Commodities V. 24:9 (26): Q\u0026A by Don Bright","description":"Stocks \u0026amp; Commodities V. 24:9 (26): Q\u0026amp;A by Don Bright\u003cbr\u003e\u003cbr\u003eConfused about some aspect of trading? Professional trader Don Bright of Bright Trading (www.stocktrading.com), an equity trading corporation, answers a few of your questions. To submit a question, post your question to our website at http:\/\/Message-Boards.Traders.com. Answers will be posted there, and selected questions will appear in a future issue of S\u0026amp;C.\u003cbr\u003e\u003cbr\u003ePRICING E-MINIS\u003cbr\u003e\u003cbr\u003eWhere does ES price come from?\u003cbr\u003e\u003cbr\u003eES = (SPY price)\/factor + time premium\u003cbr\u003e\u003cbr\u003eNow that I know that e-mini price is not direct, what bids and asks should I look at to detect where there is more pressure to gauge the future ES or ER2 price? Should I look at SPY or SPX, for example? RobertM\u003cbr\u003e\u003cbr\u003eYou determine short-term up or down movement of the futures by the premium or discount to adjusted fair value. You take the spot price of the S\u0026amp;P, and add fair value for that day (check www.programtrading.com or www.indexarb.com for the daily number; there may be a slight difference, so take the average). When there is a premium, the market has an upward bias, and vice versa when there is a discount.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133968150897,"sku":"\\V24\\C09\\168QA.pdf","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_8120b29a-8e5f-48a8-8132-9cd76ed74bc8.jpg?v=1739659360"},{"product_id":"stcov247trti","title":"Stocks \u0026 Commodities V. 24:1 (76-84): Traders' Tips by Technical Analysis, Inc.","description":"Stocks \u0026amp; Commodities V. 24:1 (76-84): Traders Tips by Technical Analysis, Inc.\u003cbr\u003e\u003cbr\u003eHere is this months selection of Traders Tips, contributed by various developers of technical analysis software, all to help readers more easily implement some of the strategies presented in this issue.\u003cbr\u003e\u003cbr\u003eJohn Ehlers article in this issue, Swiss Army Knife Indicator,\" presents a generalized filtering algorithm capable of creating simple averages, exponential averages, and momentum measurements. Late in the article, Ehlers suggests creating a MACD-style indicator from two-band pass filters.\u003cbr\u003e\u003cbr\u003eThe code for this indicator is given for TradeStation, Wealth-Lab, AmiBroker, eSignal, NeuroShell, NeoTicker, Financial Data Calculator, VTtrader, and Tradecision.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133968183665,"sku":"\\V24\\C01\\016TIPS.pdf","price":4.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_13330262-ecfd-4357-a2f5-126e66afa1b0.jpg?v=1739659362"},{"product_id":"stcov247qaby2","title":"Stocks \u0026 Commodities V. 24:7 (72): Q\u0026A by Don Bright","description":"Stocks \u0026amp; Commodities V. 24:7 (72): Q\u0026amp;A by Don Bright\u003cbr\u003e\u003cbr\u003eSINCE YOU ASKED\u003cbr\u003e\u003cbr\u003eConfused about some aspect of trading? Professional trader Don Bright of Bright Trading (www.stocktrading.com), an equity trading corporation, answers a few of your questions. To submit a question, post your question to our website at http:\/\/\nMessage-Boards.Traders.com. Answers will be posted there, and selected questions will appear in a future issue of S\u0026amp;C.\u003cbr\u003e\u003cbr\u003eZERO-SUM GAME OR NOT?\u003cbr\u003e\u003cbr\u003eQ: Could one of you academics who believe the stock market is a zero-sum game explain this idea? I think if you believe the market is a zero-sum game, you dont belong in it and should probably get a job teaching theory and not reality. The way I see it, the only way it\ncan be a zero-sum game is if every company in the market went bankrupt and became worthless, and Im pretty sure this wont happen.Madmummy\u003cbr\u003e\u003cbr\u003eA: Since I get the same question during my training sessions, let me offer the following. Imagine I took a company public a few years ago. Say we sold $10\nmillion worth of stock at $1.00. We made $10 million. Imagine that investors bought stock at $1.00 and sold it\nat $3.00, so they made money...","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133969854833,"sku":"\\V24\\C07\\134QA.pdf","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_afdc2235-43ea-4b05-b0dc-e6c1e65bce3f.jpg?v=1739659481"}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/collections\/volume-24-2006-18.gif?v=1739677669","url":"https:\/\/shop.traders.com\/collections\/volume242006.oembed","provider":"Stocks \u0026 Commodities","version":"1.0","type":"link"}