August 8, 2007
Wednesday July 4th, 2007
No, I didn’t fall off the face of the earth.
Between the July 1st long weekend and the July 4th holiday in the U.S. the liquidity in the market was pathetic. Knowing this would likely be the case in advance, I opted to take a few days of R and R and visit with family that came up to the lake. A little nifty news on the trading front though. We are almost finished building a very cool piece of software that is programmed to seek out our trusty “Fibwit” signal! It will scan approx. 15 markets and report back within a second or two any trading signal it finds. If all works well, it will make it possible to trade without charts - just do what it says! The software will be our eyes! Starting tomorrow, I will attempt to get filled as many of the signals as I can that the software finds and reports. In theory, it should greatly enhance returns as there would be very little wasted time and missed opportunity due to chart “reading” and/or looking at the wrong thing at the wrong time. I know for a fact I cannot possibly watch 15 markets! Not a chance! But I do have 100% faith in the signal, so if the computer can assist me in detection, all thats left for me to do is just pull the trigger on what it finds… very efficient. IN THEORY…lol
If all goes well over the next week or two, it will be made available to the public. Of course, testing will be done live… my trade platform and the signal viewer will be broadcast live to those in the room. Anybody interested in watching this little test phase, just shoot me an email and we’ll squeeze you in for a looksy. Cya there!
Filed under July 2007 Trades by Erich