Precious metals (not yet, but close), cocoa, and Don Bright appear to be making an early attempt at monthly A levels, for me at least. I honestly don't like trading gold's schizophrenic behavior, but nothing else has been showing up of interest. Been sitting on my hands for quite a while.
Your money is safe with Don Bright, so it's closely correlated with ZB and the risk free rate of return. Expect a Bright breakout at 144'25.
http://jovian.transmissionmedia.ca/fundprofile_hap.aspx?f=HAG&c=&lang=en I can never understand why Dennis Gartman performs so poorly. This is an actively managed ETF that replicates the trade ideas in the Gartman Letter. Dennis is a "global macro" commodity trader and is down 16% YTD.
looks like a shitty entry on sp500 got killed in aug/sept with the rest of the mooks, euro trade is almost the same thing got clobbered as well. I know what you are sayin, I mean he is bright. I would add Schiff to that list, good ideas poor execution.
I created a column like you recomended OR/average ATR(30 day), and it seems to really narrow down a universe to a manageable # of stocks. As far as volume, I remember MF in a video saying he didnt really use it or look at it, when someone in the audience asked about it. It never really helped me, everytime a stock showed up on my scanner as 200% for example, it had already ran alot. It just seemed very lagging. But I guess, high relative volume with a tight range narrows down the candidates even more for the best candidates to select from .. Maybe you can elaborate. Do you find any value in a relative strength filter vs SPY? (I ask b/c I found this in tradestation today and was messing with it.... One more question. Earlier you listed some ETF's that were equivalents of some commodities. I looked at some of these, and the chart looked rather untradeable. The daily volumes seemed very illiquid. Am I missng something? Also, Since gaps seem to be an issue, any advice on how these change your intraday trading of equities? Alot of questions. Just kind of throwing these out there as I thought of them.
One thing that I've noticed with relative volume and stocks. I've seen a high correlation with relative volume and follow through and trending actions in stocks. The lower volume stocks will tend to be more whippy and less predictable, this is because the stocks is be traded by hft just liquidity providing and cycling the stock. When you have higher relative vol, this is where there is real order flow and larger players actively moving the stock. Relative volume is relative to that time period in the day. If you get a stock with 200% relative volume at 10 am, that will be relative to how much volume a stock does at 10am. You intially have larger players selling, which creates activity, then you get the algos, momentum traders, and then usually the stragglers. If you are checking OR size and relative volume you are finding the stock before many have paid attention to it.
Since I can trade the major fx pairs in any futures account, I will be doing so . I've noticed the "follow through" nature of many of the forex pairs just like futures. There's alot of leverage and currency trading is probably big on the retail side overseas so this may have alot to do with it. Either way I can apply some of the ACD principles to these markets ! What OR timeframes do you guys use for the EUR, GBP, etc. Frankfurt or London? Do you use the Australian open for the AUD? Also here is a look at the AUD and the ES in the past half-year or so...look at the difference