Market Snapshot: Market Outlook SPY for Sep 27th '07

Thursday, September 27, 2007

Market Outlook SPY for Sep 27th '07

Dominant TF: 60mins & Daily
Swings: UP-DN-DN
Market direction: Neutral to mildly UP. Possible congestion.

60mins: neutral to mildly UP
AdStoK is showing signs of a recovery to 154.70 or even 156. One must just check for possible weakening of Entropy, and the major resistance level is now lower, indicating a probable narrower trading range.

Daily: neutral to mildly UP
AdStoK and Entropy are both weakening, and AdStoK lines are about to cross. Possible congestion to small increase to 153.50 in the short term. AdStoK lines should give us clues on direction in a couple of days.

Weekly: neutral to mildly UP
The Swing indicator is still hesitant, but it is likely that highs will be tested. Entropy is slowly looking better, and the AdStoK white line is clearly showing the "U" shape indicating recovery at least until lines cross.
This time frame is not the dominant one, which is visible with the Swing indicator finding difficult to adapt to the high volatility environment we've had lately.

Welcome !

And enjoy your visit to this little "Market Snapshot" blog.

The market report blog has now moved to ForeTrade while this one will (time permitting) focus on actual chart commentaries on TF and ES eminis, as well as EURUSD to show how accurate and yet simple our proprietary method is. The reason for this change is that the Toolset itself is no longer for sale itself, simply because the sales effort and training/support activities were too time consuming. I now provide market analysis exclusively to fund managers until the technology is finally sold to a fund or financial institution. The blogs and Twitter will then be closed or turned private. Anyway, enjoy while it's there...

A closer look:
Behind these market snapshots lies an advanced TradeStation toolset including a set of C++ DLLs and API to access various advanced realtime calculations stored in the DLL to be used either within TS or with custom VC++ programs. While seemingly a little complex at first, the technique is actually relatively easy to grasp. In fact, since most humans can only memorize 3 to 5 (sometimes up to 7) pieces of information at any one time, and the technique being discretionary, it was essential to keep it as simple as possible.

What are those snapshots made of ?
In a nutshell, all reports are based on a minimum of 1 symbol in 3 Time Frames: 60mins, daily and weekly, themselves using more or less the same indicator set: self-adaptive swing indicator, MTFS (formerly AdStoK) and self-adaptive Entropy and a few visual aids (swing direction, support/resistance levels and paintbars). "Self-adaptive" is the key word here. There is virtually no parameter to tune, and it can be used as is, for virtually any market symbol. Each chart provides a visibility 3 to 5 bars ahead, so actual trading should obviously be complemented by a sound money management technique.

A common question : Why isn't there a user documentation then? Hmmm... Who ever reads manuals...? Well, I might provide one eventually but at the same time I might not... The reason is that it is more important to absorb the method over a period of time and make it one's own, i.e. then adapt it to one's own trading profile.
For the keen developer, a detailed API documentation for this set of advanced TradeStation Analysis Techniques will be released shortly.
For the time being a separate technical blog has been launched for those of you interested in learning a little more about what's under the bonnet.
For more info: voisin DOT bruno AT gmail DOT com

RSS Feed: http://feeds.feedburner.com/blogspot/CImq

Market Snapshot

Thursday, September 27, 2007

Market Outlook SPY for Sep 27th '07

Limpopo-Lipadi

Welcome !

Learning the technique with a few commented charts

Archive

Total Pageviews