http://www.traderinterviews.com/idealab/category/view/Commodities The latest ideas and comments in the Commodities category Tue, 06 Mar 2012 12:21:39 -0800 en-us Copyright TNC New Media Inc., 2006 - 2012 http://www.traderinterviews.com/images/traderinterviews_144x19.gif http://www.traderinterviews.com/idealab 144 16 http://www.traderinterviews.com/idealab/idea/view/the-3-golden-trading-rules#c145 http://www.traderinterviews.com/idealab/idea/view/the-3-golden-trading-rules#c145 Tue, 06 Mar 2012 12:21:39 -0800 http://www.traderinterviews.com/idealab/idea/view/when-to-use-oscillators#c144 http://www.traderinterviews.com/idealab/idea/view/when-to-use-oscillators#c144 Wed, 15 Feb 2012 17:57:54 -0800 http://www.traderinterviews.com/idealab/idea/view/when-to-use-oscillators#c143 http://www.traderinterviews.com/idealab/idea/view/when-to-use-oscillators#c143 Tue, 25 May 2010 17:22:06 -0700 http://www.traderinterviews.com/idealab/idea/view/when-to-use-oscillators
This idea comes from many years of live trading (real money not demo's etc) and sticking to figuring out when the typical (rebased/indexed) oscillators like the MACD and Stochastic.

I don't believe in just entering on a under 20 over 80 type idea but rather when the, for example, Stochastic is under 20 and something else happens - candle pattern, on Fib Retracement, at Support/Resistence etc

*** I use an idea here call market form - this another idea I used which is based one Dow Theory of Higher Highs and Lower Lows for deciding the trend direction and when the market is ranging. ***

When to use
1. The market is ranging with form - long and short trades work with high probability
Here the market is in a range with good form. The Oscillator (Stochastic) in this case works well. For shorts and longs...



2.  The market is ranging without form - Oscillator (stochastic) doesn't work well. A lot flatter and not that many profitable trades, more false signals...



3. The market is trending with form - here ony look to take trades in the dirction of the trade. The Oscillator is good for entry only and not exits


4. The market is trending without form - There is no signal in the trend direction and it will give sgnals against the tre but has poor performance.


I hope this is helpful and stirs up some thinking around the different movements of the market and Oscillators - I have shared 4 of them (2 types each with and without good form). I have foun at least 8...

Thanks!
Brad

]]> http://www.traderinterviews.com/idealab/idea/view/when-to-use-oscillators Tue, 25 May 2010 15:07:14 -0700 http://www.traderinterviews.com/idealab/idea/view/10-trading-blogs-every-trader-should-be-reading#c138
http://investorandtrader.blogspot.com/

Not a lot in the way of "signals", but I'm finding that those who 'offer signals' - usually are newbies themselves]]> http://www.traderinterviews.com/idealab/idea/view/10-trading-blogs-every-trader-should-be-reading#c138 Sun, 27 Sep 2009 10:33:14 -0700 http://www.traderinterviews.com/idealab/idea/view/10-trading-blogs-every-trader-should-be-reading#c136
There is commentary about the true struggle a trader goes through. No silly indicators or fluff and no hindsight analysis.

http://brianhoffmantradinglog.blogspot.com/]]> http://www.traderinterviews.com/idealab/idea/view/10-trading-blogs-every-trader-should-be-reading#c136 Wed, 02 Sep 2009 00:23:26 -0700 http://www.traderinterviews.com/idealab/idea/view/the-mental-edge-part-1-focus-on-the-trade-not-the-money#c134 It wasn't until I decided that I needed a "bread and butter" setup that I found some peace.]]> http://www.traderinterviews.com/idealab/idea/view/the-mental-edge-part-1-focus-on-the-trade-not-the-money#c134 Sat, 29 Aug 2009 15:06:13 -0700 http://www.traderinterviews.com/idealab/idea/view/should-i-ask-interviewees-how-much-money-they-make#c129 http://www.traderinterviews.com/idealab/idea/view/should-i-ask-interviewees-how-much-money-they-make#c129 Sun, 14 Jun 2009 14:25:47 -0700 http://www.traderinterviews.com/idealab/idea/view/10-trading-blogs-every-trader-should-be-reading#c127 http://www.traderinterviews.com/idealab/idea/view/10-trading-blogs-every-trader-should-be-reading#c127 Sun, 24 May 2009 12:03:33 -0700 http://www.traderinterviews.com/idealab/idea/view/10-trading-blogs-every-trader-should-be-reading#c126
Market Commentary: http://www.blog.fallondpicks.com
Markets covering Ireland/UK/US: http://www.zignalsblog.blogspot.com

Thanks,
Declan
**shameless plug**]]> http://www.traderinterviews.com/idealab/idea/view/10-trading-blogs-every-trader-should-be-reading#c126 Fri, 22 May 2009 12:53:10 -0700 http://www.traderinterviews.com/idealab/idea/view/10-trading-blogs-every-trader-should-be-reading#c125
Here is another blog you might want to have a look at..

The Daily Trading Report

We focus on identifying the themes & trends in the bonds, currencies, equities and commodity markets.]]> http://www.traderinterviews.com/idealab/idea/view/10-trading-blogs-every-trader-should-be-reading#c125 Fri, 22 May 2009 02:28:55 -0700 http://www.traderinterviews.com/idealab/idea/view/10-trading-blogs-every-trader-should-be-reading#c124


http://www.davidbuffalo.com/

and

http://Misstrade.wordpress.com



But then again, that would have been 12.
]]> http://www.traderinterviews.com/idealab/idea/view/10-trading-blogs-every-trader-should-be-reading#c124 Thu, 21 May 2009 22:30:33 -0700 http://www.traderinterviews.com/idealab/idea/view/10-trading-blogs-every-trader-should-be-reading
But for now, here are a few traders whom I read each day. These are not in any particular order (even though they are numbered). Like everything else, what you're looking for is the "one takeaway" you use in your own trading.  And these traders have some great thoughts in nearly every post that can help you make better trading decisions.

Have I missed any?  Be sure to post your favorite blogs in the comments below.

1) Don Miller's Trading Journal (http://donmillerjournal.blogspot.com/)
Reading Don's daily posts is like watching, in real-time, the evolution of a highly successful trader.  Don not only talks about his great trades, but also discusses the days he feels he did badly and why he thinks he wasn't on top of his game.  Part philosopher and part CEO of his own trading account, Don's frank talk about his ability to make his living in the markets is a daily treat.

2) Trade the Picture (http://www.tradethepicture.com)
Mr. Volatility, as he calls himself, is a mix of broad market commentary and more short-term trading information. A recent insightful post on the VIX caught my attention and I've been reading through the archives this past week.

3) Corey Rosenbloom's Afraid to Trade (http://blog.afraidtotrade.com/)
Talk about nuts and bolts!  Each day Corey discusses his thoughts on the markets and shows details on the charts he is watching.  He also does a great job of combining big picture charts and short-term charts to show readers why he thinks the markets are headed in a certain direction.  Don't let his "youthful" appearance fool you! Great stuff.

4) Brett Steenbarger's TraderFeed (http://traderfeed.blogspot.com/)
Brett's primary emphasis is on trader psychology, but his blog offers so much more. Brett offers real-world examples of trading strategies and chart-reading tips that anyone can use to get a better feel for market momentum and price action.

5) Moaxian (http://maoxian.com/)
I feel like I'm walking into a terrific Chinese restaurant when I enter this blog - you know you're about to have a great experience even if you don't always understand the language.  The consistency and quality of the Moaxian posts are fantastic and offer tremendous detail on trading opportunities.  Sometimes I find myself having to read a post again to make sure I understand the lesson, but it's always worth the extra time.

6) Alan Farley's Hard Right Edge (http://hardrightedge.com/daily/)
I've known Alan for many years and he is the real deal. Back when I was just getting started in trading in 1997, Alan came and spoke to my small trading group and had everyone riveted for several hours.  His book is one of the best out there for traders and his daily market postings are chock full of trading ideas for the day.

7) Trader Mike (http://www.tradermike.net)
Trader Mike has alerted me to a few trades in the past month that if I hadn't been reading his stuff would have passed me right by.  His archives go back to 2003, making him one of the veterans of trading blogs.  His market recaps are great because, unlike some sites that just tell you what happened, Mike goes into the charts and offers an explanation of why it happened and what may happen next.

8) Dave Mabe's StockTickr (http://blog.stocktickr.com/)
While Dave doesn't post that often (c'mon Dave we want more!), Dave's posts are insightful and relevant for any short-term trader.  He also features text interviews with other traders who discuss their trading styles.  The great thing about Dave's blog is that he links to a lot of other resources in his posts, alerting you to other websites and services you may not know exist.

9) Traderam (http://traderam.blogspot.com/)
I'm not sure if this is Trader AM or Trade Ram.  What I do know is that this trader features some great candlestick charts and shows you exactly what he's looking at on a daily basis.  If you're looking to improve your candlestick chart reading skills, follow along and see how this trader reads them and profits.

10) Wall St. Warrior (http://traderjamie.blogspot.com/)
Jamie and Jim, the two trader/contributors to this blog, do an excellent job of highlighting trading opportunities from a technical perspective. Trendlines seem to be their main focus, and a mix of overall market charts with technical reads on individual stocks and ETFs. A terrific place to find trading ideas if you're coming up blank.

I'm sure I missed some great ones - post your recommendations in the comments!]]> http://www.traderinterviews.com/idealab/idea/view/10-trading-blogs-every-trader-should-be-reading Thu, 21 May 2009 19:43:19 -0700 http://www.traderinterviews.com/idealab/idea/view/should-i-ask-interviewees-how-much-money-they-make#c118 http://www.traderinterviews.com/idealab/idea/view/should-i-ask-interviewees-how-much-money-they-make#c118 Fri, 06 Feb 2009 22:35:29 -0800 http://www.traderinterviews.com/idealab/idea/view/should-i-ask-interviewees-how-much-money-they-make#c104
It really doesn't matter whether they trade long term or short, because you can always calculate an average daily profit amount over any time frame. This is the only way to compare a trader with a $1,000,000 account to a trader with a $150,000 account. Otherwise, you are comparing apples to oranges in my opinion. Another option would be a weekly calculation.

As to whether you should ask "the question", I say you should if they are trying to sell their trading knowledge to others. Again, "the question" means little unless you ask them about their trading capital and their average daily or weekly profit amount.]]> http://www.traderinterviews.com/idealab/idea/view/should-i-ask-interviewees-how-much-money-they-make#c104 Thu, 12 Jun 2008 23:08:58 -0700 http://www.traderinterviews.com/idealab/idea/view/should-i-ask-interviewees-how-much-money-they-make#c95
We need to know if these people are actually earning a living with their trading. Last week's interview with Tim Ord points out one of the issues. Tim Ord trades full time but he actually supports himself through his service subscribers. I certainly don't fault anyone for that but I want to know if the "professional" traders that you interview that "trade full time" are significantly profitable on a consistent basis.]]> http://www.traderinterviews.com/idealab/idea/view/should-i-ask-interviewees-how-much-money-they-make#c95 Mon, 05 May 2008 19:12:01 -0700 http://www.traderinterviews.com/idealab/idea/view/the-3-golden-trading-rules#c92 1. Don't Lose $
2. Risk Management (Defined Entry, Defined Stop)
3. Buy Strong Stocks on Pullbacks

I've spent the last year developing my trading style and plan. It it my observation through countless traderinterviews, books such as Market Wizards, the New Market Wizards, Reminisciences of a Stock Operator and talking with other traders that if you can master these three things then the rest is easy. I believe trading is 90% mental and 10% skill. Once you can get the mental aspect down your set. The #1 quality a trader needs to have is DISCIPLINE, refering back to my ideology, PLAN YOUR TRADE, TRADE YOUR PLAN. Practice makes perfect, having a plan, outline, a framework if you will for any situation will help keep the emotion out of the trade and the objectivity in it. Take from this what you will as I am only 20 years, but discipline has taken me the distance to become a NON LOOSING trader. One I began to focus on how NOT TO LOOSE and thinking about the worst case scenario "how could this perfect trade go wrong", I began to make money consistently and profitably.

Here is a great link to some audio commentary on discipline and exerpts from Market Wizards and Japenese Candlestick Charting Techniques, just disregard the plugs for thinkorswim, although I do agree that is the best platform both on a technical and customer service level on the market today.]]> http://www.traderinterviews.com/idealab/idea/view/the-3-golden-trading-rules#c92 Sun, 04 May 2008 07:59:21 -0700 http://www.traderinterviews.com/idealab/idea/view/the-3-golden-trading-rules#c90 2. Trade setups that yield positive expectations.
3. Apply proper money management to those setups.

Now go find all the edcuation you could and study them to the point where you make them your second nature. And one more thing: traders that are sharp and consistently profitable don't waste time and dwell on negative thoughts.]]> http://www.traderinterviews.com/idealab/idea/view/the-3-golden-trading-rules#c90 Fri, 25 Apr 2008 02:07:44 -0700 http://www.traderinterviews.com/idealab/idea/view/the-3-golden-trading-rules  If you somehow knew that soon you would fall off of your roof and bang your head hard enough to give yourself amnesia, and you had the choice to remember only 3 things about trading, what would they be?]]> http://www.traderinterviews.com/idealab/idea/view/the-3-golden-trading-rules Thu, 17 Apr 2008 23:13:15 -0700 http://www.traderinterviews.com/idealab/idea/view/should-i-ask-interviewees-how-much-money-they-make#c81 By all means publish a working strategy so that others can evaluate, comment and feed back suggestions for improvement. But always insist on knowing the following:
Win:loss ratio
Ave win : ave loss
Return on capital
together with the time period that the results relate to.]]> http://www.traderinterviews.com/idealab/idea/view/should-i-ask-interviewees-how-much-money-they-make#c81 Sun, 06 Apr 2008 10:25:02 -0700