The video wrap is up – Week ending 2009-05-22

The week that was :

Trading wise it was another slow week. The markets are continuing to change as volatility falls and we see price action more akin to that prior to the world financial crisis kicking into high gear. With a long weekend there will be no trading on Monday 25^th, which led to the usual quite trading day on Friday.

E-mini’s :

As I execute my trades on TIC charts the changing volatility has been an issue several times over the past year. We’re now seeing a more traditional market with plenty of activity at the open and the close of the trading session, and not much going on in between. Maybe the long lunch is back in vogue on Wall St. As a result the system will change and adapt again to focus more on opportunities during these trading periods.

The pre-market system continues to evolve. The dollar risk remains low during the phase of the system rollout and evolution, over the next week I’ll be monitoring another time frame as well to see if it will give added opportunities after some observations during the past week.

FX :

Still working through the data compilation & money management testing.

Equities :

Nothing of interest still on the equities scene as I wait for broader indexes to give me more information.

Equity Sectors :

Same deal as Equities.

Commodities :

As I mentioned during the week in the Daily Wrap the move down in Pork Bellies and Lean Hogs as a result of the sine flu crises was interesting to observe. I’m monitoring some moves with the new system, but little of interest occurred during the week. The OPEC meeting on Friday 28^th may give some movement in the energy sectors..

Results :

E-mini’s Cash : R

E-mini’s Pre Market : -0.5R

FX : R

Equities : R

Equity Sectors : R

Commodities : R

Housekeeping :

FX first round of backtesting completion.

The week ahead :

Mapping new pre-market time frames and testing the waters with the FX backtest results.

The video wrap is up – Week ending 2009-05-15

The week that was :
After a strong week last week we finally saw the markets take a break. Some sort of pullback or re-test was expected and as far as the S&P 500 index goes this is the place I’d like to see it so we can build momentum for the next move through the early January swing highs.

E-mini’s :
Once again it was a slow week on the E-mini index markets for my trading style. The dynamics of the heavily revised pre-market system are starting to show themselves and after a losing streak of 4 trades things are moving in the right direction again. Volatility in the cash market continues to decline which means less signals for the system. Friday was quite active but I was in Singapore at the time and thus not able to take advantage of what was a good trading day which is unfortunate, but the trip allowed me to catch up with some Singapore based traders to exchange some ideas.

FX :
The FX system is at first testing phase as soon as I can find some time to do it. Another weeks worth of data will be handy though so there is no rush at this stage. The system continues to look robust and after along evolution period I’m looking forward to seeing the backtest results.

Equities :
Still sitting on the sidelines waiting for more feedback from the market.

Equity Sectors :
As above.

Commodities :
With a pullback underway and signal testing for the revised commodities system completed I need to push through the money management testing. This system is based on the end of day close so trades aren’t frequent, but it allows us to catch some large R multiple moves from time to time.

Results :
E-mini’s Cash : R
E-mini’s Pre Market : -0.25R
FX : R
Equities : R
Equity Sectors : R
Commodities : R

Housekeeping :
Commodities & FX testing to be completed.

The week ahead :
No major changes, just waiting to see what the market does next.

In conjunction with the launch of the new online version of Your Trading Edge Magazine at www.YTEmagazine.com the daily wrap will now be featured under the blogs network, providing you with even more content to browse in your trading day!

Ok so it’s the late weekly wrap this week, it was a busy weekend backtesting and there is a long way to go yet. Also the daily wraps are moving with the launch of www.ytemagazine.com (see featured article).

The week that was :
With constant news from all major currencies the markets broke through the Feb swing highs and moved higher. We’re now at the top of our daily channel again so we might get some consolidation here again. FX markets are moving to new highs as well against the USD as money starts to flow out again, with the resources currencies of the AUD & CAD doing well.

E-mini’s :
Although we had plenty of market movement it was a slow week for finding trades that sat within the system rules. The pre-market system is still finding it’s way but on the whole look good.

FX :
Continuing to map FX trades. The huge amount of data is going to take some time to go through, and this is only the first phase. In all the system has been in development for over a year and is now nearing an executable phase. With the markets now steady it should behave well for the foreseeable future.

Equities :
Still waiting on macro setups before I venture back in.

Equity Sectors :
Watching closely but in no hurry to move back in.

Commodities :
The commodities markets are looking more interesting now with the USD starting to fall in value, and the commodities index looking bullish in general, overall setups are still outside the current system rules.

Results :
E-mini’s Cash : 0.1R
E-mini’s Pre Market : -0.5R
FX : R
Equities : R
Equity Sectors : R
Commodities : R

Housekeeping :
Continue work on FX data compilation.

The week ahead :
Less news, we’ll wait and see what happens!

The video wrap is up :
Weekly wrap video log – Week ending 2009-05-01

The week that was :
Overall it was a good trading week. System mapping in the pre-market e-mini’s went according to plan, and new information was gleaned to refine the cash system during the next testing round in 2 weeks.

E-mini’s :
Revised backtesting confirmed for pre-market, cash market gave several good signals, more can be capitalised on with careful trading.

FX :
Mapping trades.

Equities :
Macro index still setting up, not rushing back in yet.

Equity Sectors :
No trade results.

Commodities :
No trade results.

Results :
E-mini’s Cash : 0.8R
E-mini’s Pre Market : R
FX : R
Equities : R
Equity Sectors : R
Commodities : R
Weekly Total : 0.8R

Housekeeping :
Completed latest round of S&P pre-market backtesting & filtering, next round will be at end of May. Findings from this round are being tested over other short and mid term (intraday & daily) systems to provide refinements to those systems also, results look positive.

The week ahead :
Rolling back into live pre-market trading with a far more comprehensive strategy. Mapping new trades for cash market as a result of pre-market findings to look if certain trades are of a high enough probability to add to system. Cash market trading time will also be reduced to end at 2pm NYC time to switch more focus to testing the FX markets, allowing for more productive trading time due to the market overlap trading times.