Method & Technique
Welcome!
And enjoy your visit to this little “Market Snapshot” blog
(Please also read disclaimer at the bottom of this page)This blog focuses on Kase/hourly/daily/weekly reports on a few Forex pairs now after posting reports for several years on index futures and ETFs to show how accurate our method can be most of the time. Obviously, there are limits to daily reports when market action is rapid, and this has been the case with the high volatility experienced since the financial turmoils (Act 2 – 2011 …). The method is simple enough to be universal across symbols and time frames. The toolset itself is no longer for sale, on account of time being too precious a resource these days, and sales effort and training/support activities were just too time consuming.
Reports are generally posted and mailed by 8 AM UK, and time permitting (and unless on a plane) report updates and short Twitter messages are also posted throughout the day (untile late CET office hours).
There may be some occasional digression using time frames that are not quite compatible with a daily report frequency, as dominant time frames sometimes warrant looking for market action in much lower intraday time frames. This will remain the exception as long as this blog remains public and subscription free,..
A closer look:
Behind these market snapshots lies an advanced TradeStation toolset including a set of C++ DLLs and API to access various advanced real-time 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 charts here published, contain 1 symbol in a minimum of 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, AutoFib 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 and any set of time frames. Each chart provides a visibility 3 to 5 bars ahead, so actual trading should obviously be complemented by a sound money management technique. Pleas note that high volatility environments often reduce visibility to 1 to 3 bars, making the report inadequate for a daily frequency. Reports will often not project far enough to cover the full day, so I will try and post midday updates when necessary.
A common question : Why isn’t there a user documentation then? Hmmm… Who ever reads manuals…? Well, there is some technical documentation available, and I might provide one eventually but at the same time I might not… The reason is that tutoring always ends up in tedious spoon-feeding. It is a lot more important to absorb the method over a period of time and make it one’s own, i.e. to adapt it to one’s own trading profile. It is therefore essential to read posts every day, as reports often refer to previous ones. Snapshots are still posted on the older blog : MarketSnapshot and on Twitter
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. Collaboration with C++ developers can also be discussed.
Enjoy…
