Recent content by HammerMan87

Hi All, I am passionate about trading performance measurement and improvement. Having worked in Chicago at Geneva Trading I wish to bring the same education and performance improvement process of the proprietary trading firm to individual traders. I offer mentoring online through mikogo...

I would take a look at Bollinger bands and MA channels. They tend to give you a good indication if price is out of line. Look to buy at the bollinger band (or MA channel) and take profits at the MA (and vice versa). Although, like anything make sure you at least visually test and paper trade any...

Hi SDG, most equity index spreads tend to be mean reverting. Although not always. This would be a good place to start. Make sure you can find a way to chart the spread so you can see where the extremities lie. HM

Hey, thanks for your replies. The formulas I am looking for are for 2-3 assets. say Gold and the Dollar but it could be anything. As long as they are highly correlated. How much of Gold would I buy and how much of the Dollar would I sell to be effectively hedged? Then how do I calculate a...

Hi All, Has anyone the formulas for the Spread/Hedge Ratio and Price Ratio for spreading. I would like to know the formualas for a 2 and 3 legged spread? Also, does anyone know and good spreading websites? Any help is appreciated. Regards, HM

I would recommend CQG CQG Homepage, you can plot anything with their charts.

Rsd, Poker Brat pretty much sums it up. You held this position for too long. I would suggest going over all your trades - at least the last 30-50 and average out the time you are in a loosing trade and how much time you spend in a winning trade. On average you should be spending twice as much...

I would be very interested to see, could you please post the completed chart of this trade and define your: Entry and reasons for entry Initial Stop loss and reasons for stop loss Profit Target? - was it reasonable? Exit and reasons for exit Emotions you felt during the trade - were you tempted...

Hi rsd, Just a few suggestions - I have no advice. It seems as if you are spending a lot of time on market analysis, I don't like to assume but I bet you have conflicting trade signals all the time and so are unsure about taking a position. I work for one of the best prop firms in Chicago and...

Entered the AUDUSD - following reasons 4 Hour Chart - Price has his resistance at 3 points, the downtrend line drawn, the underside of the uptrend line drawn, and the 60p MA. 1 hour Chart shows price rallying but the MACD histogram failing to form higher highs and confirm the momentum. The...

I would think that a positive attitude would help give you the tenacity to stick with trading. I'm sure there are many negative thinkers out there who gave trading a shot, lost money, and gave up - hence they will never be successful as they didn't have a positive attitude to help them ride out...

Ok, Stopped out of the last three trades - after review I know why - I DIDNT FOLLOW MY PLAN!!! My plan dictates that I look at the direction of the 60p Moving Average to determine trade direction, on all three trades the MA is either in the opposite direction or flat, not conducive to my plan.

USDJPY 4 hour and Daily chart are showing that price has rallied to resistance, DMI is showing an extreme reading hinting that the move is overdone. 1 hour chart - MACD is rolling over and price has tried twice to rally towards 99. 15 min Chart - orders placed.

USDCHF 4 Hour Chart - Price has rallied to resistance and been rejected twice by the 2 candle wicks touching the resistance line. DMI is showing extreme readings hinting an overbought situation 1 hour Chart - MACD is overbought and rolling over. 15Min - Orders Placed

Hi mEmmerrr, Thanks for you comments, the trade setups I am posting at the moment..am I making the same mistake? or are these more legitimate?