“The VUHR” - or something like that.

I’ve spent the last 3 days testing, using, and trading off this new fangled signal viewer thingy. All I can say is that it’s flippin’ AWESOME! Its so fast!!! Signal pops up; you have time to refer to the chart to make sure you’re not trading into something nasty, if all is clear WHACK IT! The raw signal alone is running between 80 and 85% winners, and thats without checking a chart or applying any trade management rules whatsoever. That makes it “black boxable” lol.

Anyway, during this little test period, I’m managing to bring in between 60 and 100 bucks per contract, per day. Today I did 70.00 per contract… traded 4 contracts - +280.00. Had it not been for some severe weather blowing through, there were a few other winners that I would have liked to have nabbed but couldn’t… sure hope some in the group did! I do know one of the guys bagged 900 euros on a trade today in the Bund off a fibwit. If he doesn’t mind, I’ll post his email here so you can see it. WAY TO GO!!!

Next week I’ll start ramping up the size again. I’ll also start to report again on a more timely fashion.

TTFN

The day started off very well with the software firing off 2 signals; one in the Yen which gave me 350.00 in profit and the other in the Stoxx for a 70.00 euro profit. A little later in the morning I placed a stop limit order to sell the Russell, but to my horror found I was immediately filled at market BEFORE my trigger price was hit. That wiped out my earlier profits! GRRRRR! I was quickly on the phone with clearing firms tech department and were able to find the problem was with the data feed going into my charts NOT the data feeding the signal software. After working with the techies, we were able to resolve the problem and now we are ready to rock!

What had happened was the chart did not print the low accurately on a fibwit signal candle. I therefore placed my order not at the trigger price, but at the low - right where the market happened to be at that moment. As I type, the software is telling me to buy the YM !!! LOL

Without going into a whole whack of technical mumbo jumbo (which I’m incapable of doing anyways) it looks as though we can roll out the signal viewing/generating software on Monday! The issues we had with speed have all be fixed and to test it I did a quick trade in the Euro with 7 contracts and took a $350.00 dollar profit. This thing is lightning fast now! Old, untriggered signals drop off immediately when they are supposed to, and any new signals are displayed at almost the same instant! Can’t wait for the markets to open now! Hope everyone is having a terrific weekend and we’ll see you on the open!

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!

Life happens…

Life Happens, and sometimes it actually interferes with trading. Yeah, yeah, I know its hard to believe, but it does happen ( a plumbing issue if you must know) - just ask Erich! *wink, wink*. The good news about today however is Bill not only called out a trade to the group, he pulled the trigger on it with his first 2 lot and smoked the ES for 4 ticks! Awesome! Not to be out done, Ish confessed to me earlier in the day that he’s on a bit of a winning streak himself. Way to go! Perhaps I should let those guys do my trading for me? Hmmmmmm. Alas, nothing for yours truly, but having you guys making some bucks is an even greater reward for me! Have a great weekend all.

It was yet again that time…FED DAY. My little house rule absolutely forbids me to trade during the day of the overnight rate announcement by the FOMC. If ever you are in danger of being whipped, today’s the day!