Sceeto Stock Trading Indicators: Aug 15, 2012

Wednesday, August 15, 2012

Sierra Chart daily Report 13th August S&P 500 Emini Futures

If you trade the S&P 500 Emini Futures, or trade the Nasdaq, Dow Jones, Rusell mini futures, or if you trade Forex and Crude Oil you need to check out www.sceeto.com for one of the worlds most advanced indicators. A no obligation Free Trial is availible.www.sceeto.com

Sierra Chart daily Report 13th August S&P 500 Emini Futures.If you trade Binary Options and need real time Binary Options or trade the stock market and need trading signals then Sceeto and True Reckoning are for you. Check out http://sceeto.com . .Please also check out http://www.binaryforecast.com for free binary options signals.Bear trend barThe bear trend bar is the opposite.
Trend bars are often referred to for short as bull bars or bear bars.
[edit] With-trend barA trend bar with movement in the same direction as the chart's trend is known as 'with trend', i.e. a bull trend bar in a bull market is a "with trend bull" bar. In a downwards market, a bear trend bar is a "with trend bear" bar.[14]
[edit] Countertrend barA trend bar in the opposite direction to the prevailing trend is a "countertrend" bull or bear bar.
[edit] BABThere are also what are known as BAB - big a**** bars - which are bars that are more than two standard deviations larger than the average.
[edit] Climactic exhaustion barThis is a with-trend BAB whose unusually large body signals that in a bull trend the last buyers have entered the market and therefore if there are now only sellers, the market will reverse. The opposite holds for a bear trend.
[edit] Shaved barA shaved bar is a trend bar that is all body and has no tails. A partially shaved bar has a shaved top (no upper tail) or a shaved bottom (no lower tail).
[edit] Inside barAn "inside bar" is a bar which is smaller and within the high to low range of the prior bar, i.e. the high is lower than the previous bar's high, and the low is higher than the previous bar's low. Its relative position can be at the top, the middle or the bottom of the prior bar.
There is no universal definition imposing a rule that the highs of the inside bar and the prior bar cannot be the same, equally for the lows. If both the highs and the lows are the same, it is harder to define it as an inside bar, yet reasons exist why it might be interpreted so.[14] This imprecision is typical when trying to describe the ever-fluctuating character of market prices.

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The concept of a trend is one of the primary concepts in technical analysis. A trend is either up or down and for the complete neophyte observing a market, an upwards trend can be described simply as a period of time over which the price has moved up. An upwards trend is also known as a bull trend, or a rally. A bear trend or downwards trend or sell-off (or crash) is where the market moves downwards. The definition is as simple as the analysis is varied and complex. The assumption is of serial correlation, i.e. once in a trend, the market is likely to continue in that direction.[15]
On any particular time frame, whether it's a yearly chart or a 1 minute chart, the price action trader will almost without exception first check to see whether the market is trending up or down or whether it's confined to a trading range.

A trading range where the market turns around at the ceiling and the floor to stay within an explicit price band.A range is not so easily defined, but is in most cases what exists when there is no discernable trend. It is defined by its floor and its ceiling, which are always subject to debate. A range can also be referred to as a horizontal channel.
[edit] OHLC bar or candlestickBar and candlestick terminology is briefly:
Open: first price of a bar (which covers the period of time of the chosen time frame)
Close: the last price of the bar
High: the highest price
Low: the lowest price
Body: the part of the candlestick between the open and the close
Tail (upper or lower): the parts of the candlestick not between the open and the close
[edit] Range barA range bar is a bar with no body, i.e. the open and the close are at the same price and therefore there has been no net change over the time period. This is also known in Japanese Candlestick terminology as a Doji. Japanese Candlesticks show demand more precision and only a Doji is a Doji, whereas a price action trader might consider a bar with a small body to be a range bar. It is termed 'range bar' because the price during the period of the bar moved between a floor (the low) and a ceiling (the high) and ended more or less where it began. If one expanded the time frame and looked at the price movement during that bar, it would appear as a range.
[edit] Trend barThere are bull trend bars and bear trend bars - bars with bodies - where the market has actually ended the bar with a net change from the beginning of the bar.
[edit] Bull trend barIn a bull trend bar, the price has trended from the open up to the close. To be pedantic, it is possible that the price moved up and down several times between the high and the low during the course of the bar, before finishing 'up' for the bar, in which case the assumption would be wrong, but this is a very seldom occurrence

Sierra Chart daily Report 13th August Forex Euro USD 6E Futures

Sierra Chart daily Report 13th August Forex Euro USD 6E Futures.If you trade Binary Options and need real time Binary Options or trade the stock market and need trading signals then Sceeto and True Reckoning are for you. Check out http://sceeto.com . .Please also check out http://www.binaryforecast.com for free binary options signals.A price action trader generally sets great store in human fallibility and the tendency for traders in the market to behave as a crowd.[1] For instance, a trader who is bullish about a certain stock might observe that this stock is moving in a range from $20 to $30, but the traders expects the stock to rise to at least $50. Many traders would simply buy the stock, but then every time that it fell to the low of its trading range, would become disheartened and lose faith in their prediction and sell. A price action trader would wait until the stock hit $31.
That is a simple example from Livermore from the 1920s.[1] In a modern day market, the price action trader would first be alerted to the stock once is broke out to $31, but knowing the counter-intuitiveness of the market and having picked up other signals from the price action, would expect the stock to pull-back from there and would only buy when the pull-back finished and the stock moved up again.[13]
[edit] Two attempts ruleOne key observation of price action traders is that the market often revisits price levels where it reversed or consolidated. If the market reverses at a certain level, then on returning to that level, the trader expects the market to either carry on past the reversal point or to reverse again. The trader takes no action until the market has done one or the other.
It is considered to bring higher probability trade entries, once this point has passed and the market is either continuing or reversing again. The traders do not take the first opportunity but rather wait for a second entry to make their trade. For instance the second attempt by bears to force the market down to new lows represents, if it fails, a double bottom and the point at which many bears will abandon their bearish opinions and start buying, joining the bulls and generating a strong move upwards.[14]
Also as an example, after a break-out of a trading range or a trend line, the market may return to the level of the break-out and then instead of rejoining the trading range or the trend, will reverse and continue the break-out. This is also known as 'confirmation'
Trapped traders"Trapped traders" is a common price action term referring to traders who have entered the market on weak signals, or before signals were triggered, or without waiting for confirmation and who find themselves in losing positions because the market turns against them. Any price action pattern that the traders used for a signal to enter the market is considered 'failed' and that failure becomes a signal in itself to price action traders, e.g. failed breakout, failed trend line break, failed reversal. It is assumed that the trapped traders will be forced to exit the market and if in sufficient numbers, this will cause the market to accelerate away from them, thus providing an opportunity for the more patient traders to benefit from their duress.[14]
Since many traders place protective stop orders to exit from positions that go wrong, all the stop orders placed by trapped traders will provide the orders that boost the market in the direction that the more patient traders bet on. The phrase "the stops were run" refers to the execution of these stop orders.

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An experienced price action trader will be well trained at spotting multiple bars, patterns, formations and setups during real-time market observation. The trader will have a subjective opinion on the strength of each of these and how strong a setup they can build them into. A simple setup on its own is rarely enough to signal a trade. There should be several favourable bars, patterns, formations and setups in combination, along with a clear absence of opposing signals.
At that point when the trader is satisfied that the price action signals are strong enough, the trader will still wait for the appropriate entry point or exit point at which the signal is considered 'triggered'. During real-time trading, signals can be observed frequently while still building, and they are not considered triggered until the bar on the chart closes at the end of the chart's given period.
Entering a trade based on signals that have not triggered is known as entering early and is considered to be higher risk since the possibility still exists that the market will not behave as predicted and will act so as to not trigger any signal.
After entering the trade, the trader needs to place a protective stop order to close the position with minimal loss if the trade goes wrong. The protective stop order will also serve to prevent losses in the event of a disastrously timed internet connection loss for online traders.
After the style of Brooks,[8] the price action trader will place the initial stop order 1 tick below the bar that gave the entry signal (if going long - or 1 tick above if going short) and if the market moves as expected, moves the stop order up to one tick below the entry bar, once the entry bar has closed and with further favourable movement, will seek to move the stop order up further to the same level as the entry, i.e. break-even.
Brooks also warns against using a signal from the previous trading session when there is a gap past the position where the trader would have had the entry stop order on the opening of the new session. The worse entry point would alter the risk/reward relationship for the trade, so is not worth pursuing.[13]

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The implementation of price action analysis is difficult, requiring the gaining of experience under live market conditions. There is every reason to assume that the percentage of price action speculators who fail, give up or lose their trading capital will be similar to the percentage failure rate across all fields of speculation. According to widespread folklore / urban myth, this is 90%, although analysis of data from US forex brokers' regulatory disclosures since 2010 puts the figure for failed accounts at around 75% and suggests this is typical.[10]
Some sceptical authors[11] dismiss the financial success of individuals using technical analysis such as price action and state that the occurrence of individuals who appear to be able to profit in the markets can be attributed solely to the Survivorship bias.
[edit] Analytical ProcessA price action trader's analysis may start with classical technical analysis, e.g. Edwards and Magee patterns including trend lines, break-outs, and pull-backs,[12] which are broken down further and supplemented with extra bar-by-bar analysis, sometimes including volume. This observed price action gives the trader clues about the current and likely future behaviour of other market participants. The trader can explain why a particular pattern is predictive, in terms of bulls (buyers in the market), bears (sellers), the crowd mentality of other traders, change in volume and other factors. A good knowledge of the market's make-up is required. The resulting picture that a trader builds up will not only seek to predict market direction, but also speed of movement, duration and intensity, all of which is based on the trader's assessment and prediction of the actions and reactions of other market participants.
Price action patterns occur with every bar and the trader watches for multiple patterns to coincide or occur in a particular order, creating a 'set-up'/'setup' which results in a signal to buy or sell. Individual traders can have widely varying preferences for the type of setup that they concentrate on in their trading.

An candlestick chart of the Euro against the USD, marked up by a price action trader.This annotated chart shows the typical frequency, syntax and terminology for price action patterns implemented by a trader.
One published price action trader[8] is capable of giving a name and a rational explanation for the observed market movement for every single bar on a bar chart, regularly publishing such charts with descriptions and explanations covering 50 or 100 bars. This trader freely admits that his explanations may be wrong, however the explanations serve a purpose, allowing the trader to build a mental scenario around the current 'price action' as it unfolds, and for experienced traders, this is often attributed as the reason for their profitable trading.

Trade Station daily Report 10th August Crude Oil Futures.

Trade Station daily Report 10th August Crude Oil Futures.Free Binary Options Signals. Check out http://www.sceeto.com as well as http://www.binaryforecast.com sign up to Sceeto for free real time trading signals/alerts which once you use them you'll wonder how you ever traded without them. Sceeto is probably the worlds most adavanced set of indicators. We are sure you've seen nothing like them before. The concept of price action trading embodies the analysis of basic price movement as a methodology for financial speculation, as used by many retail traders and often institutionally where algorithmic trading is not employed, and at its most simplistic, it attempts to describe the human thought processes invoked by experienced, non-disciplinary traders as they observe and trade their markets.[1][2][3][4] Price action is simply how prices change - the action of price. It is readily observed in markets where liquidity and price volatility are highest, but anything that is bought or sold freely in a market will per se demonstrate price action. Price action trading can be included under the umbrella of technical analysis but is covered here in a separate article because it incorporates the behavioural analysis of market participants as a crowd from evidence displayed in price action - a type of analysis whose academic coverage isn't focused in any one area, rather is widely described and commented on in the literature on trading, speculation, gambling and competition generally. It includes a large part of the methodology employed by floor traders[5] and tape readers.[6] It can also optionally include analysis of volume and level 2 quotes.
The trader observes the relative size, shape, position, growth (when watching the current real-time price) and volume (optionally) of the bars on an OHLC bar or candlestick chart, starting as simple as a single bar, most often combined with chart formations found in broader technical analysis such as moving averages, trend lines or trading ranges.[7][8] The use of price action analysis for financial speculation doesn't exclude the simultaneous use of other techniques of analysis, and on the other hand, a minimalist price action trader can rely completely on the behavioural interpretation of price action to build a trading strategy.
The various authors who write about price action, e.g. Brooks,[8] Duddella,[9] give names to the price action chart formations and behavioural patterns they observe, which may or may not be unique to that author and known under other names by other authors (more investigation into other authors to be done here). These patterns can often only be described subjectively and the idealized formation or pattern can in reality appear with great variation.
This article attempts to outline most major candlestick bars, patterns, chart formations, behavioural observations and trade setups that are used in price action trading. It covers the way that they are interpreted by price action traders, whether they signal likely future market direction, and how the trader would place orders correspondingly to profit from that (and where protective exit orders would be placed to minimise losses when wrong). Since price action traders combine bars, patterns, formations, behaviours and setups together with other bars, patterns, formations etc. to create further setups, many of the descriptions here will refer to other descriptions in the article. The layout of descriptions here is linear, but there is no one perfect sequence - they appear here loosely in the sequence: behavioural observations, trends, reversals and trading ranges. This editing approach reflects the nature of price action, sub-optimal as it might appear.

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[edit] LegalityIn the U.S., accepting payment for order flow is only allowed if no other trading venue is quoting a better price on the National Market System. Moreover, the broker must inform its client in writing that it accepts payment for order flow: 1) upon the opening of the brokerage account, 2) on an ongoing annual basis, and 3) on trade confirmations.[13][14][15]

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Payment for order flow was a practice pioneered by Bernard Madoff, and the practice has long been controversial.[4][5][6] However, on February 27, 2009, after years of opposing payment for order flow, the New York Stock Exchange sought permission from the U.S. Securities and Exchange Commission (SEC) to allow payment for order flow on its electronic exchange(s).[7] The NYSE is proposing to pay for limit orders in order to put more cash into the market. This contrasts with the traditional model of payment for order flow that pays only for market orders. Payment for order flow has become less lucrative on a per share basis because of the decline in the tick size and the bid/ask spread. When stocks traded on 1/8ths of a dollar, payments for order flow were much larger than they became after 2001 when the tick size in U.S. markets fell to one cent.[3][4] Larry Harris reports that in 1997, 24% of E*TRADE's transaction revenue came from payment for order flow, but that by the second quarter of 2001 such payments accounted for only 15% of transaction revenue.[3]

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Retail foreign exchange trading is a small segment of the large foreign exchange market. In 2007 it had been speculated that volume from retail foreign exchange trading represents 5 percent of the whole foreign exchange market which amounts to $50–100 billion[1][2] in daily trading turnover. The retail foreign exchange market has been growing. In general retail customers are able to trade spot currencies. Due to the increasing tendency in the past years of the gradual shift from traditional intrabank 'paper' trading to the more advanced and accurate electronic trading, there has been spur in software development in this field. This change provided different types of trading platforms and tools intended for the use by banks, portfolio managers, retail brokers and retail traders.
One of the most important tools required to perform a foreign exchange transaction is the trading platform providing retail traders and brokers with accurate currency quotes.
Contents [hide]
1 History and new developments
2 Peer-to-peer trading systems
3 Banks
4 See also
5 References

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.Since 1996, when retail foreign exchange trading was first introduced, several brokers who lacked the sufficient tools developed their own trading platforms tailored specifically to their needs. The 1st retail FX brokers were MG Forex, The Matchbook FX ECN, GFT, CMC Markets, Saxo Bank (then known as Midas) and a handful of others. Most except CMC, Saxo & Matchbook FX were based on the ACT foreign exchange trading technology and GUI. These platforms were good enough at the time but required constant investments in research and development and this development cost too much. This was the first wave.[citation needed]
The second wave was in the early 2000s: several software companies entered the retail foreign exchange trading market by launching their own versions of trading platforms, like Apbg Group, Ctn Systems and MetaTrader 4 from MetaQuotes Software which allowed the users to create their own trading indicators and automatic strategies. Typically these versions were cumbersome for both front-end users (retail traders) and back-end users (retail brokers) due to the misunderstanding of the developers about the foreign exchange market and also because of the insufficient programming tools/languages at the time. Simultaneously most of the retail brokers kept using and developing their own systems as they waited for better platforms which were yet to be developed.
It is only in the last couple of years that the advanced trading platforms started to emerge. Platforms like Multicharts and cTrader put much stronger emphasis on the user interface (GUI) making it more accessible to the retail traders while making trading on it very simple and intuitive. Platforms started to focus on social networking as a way to attract new users, after the emergence of Facebook, Twitter and other social media networks. Social trading has been growing intensely in the last years, especially after platforms like Currensee, Zecco.com, eToro or FXStat appeared.
Moreover, a very strong emphasis was put on the back-end which allowed the retail brokers better control over their operations, better reporting and accurate system and ways to manage marketing campaigns.[citation needed]
Gradually this wave is replacing the previous second wave with a major shift now to the friendlier and more intuitive systems of the third wave which according to Aite Group are necessary in order to maintain growth.[3]

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text courtesy of Wikepedia
In finance, an Electronic trading platform is a computer system that can be used to place orders for financial products over a network with a financial intermediary. This includes products such as shares, bonds, currencies, commodities and derivatives with a financial intermediary, such as a brokers, market makers, Investment banks or stock exchanges. Such platforms allow electronic trading to be carried out by users from any location and are in contrast to traditional floor trading using open outcry and telephone based trading.
Electronic trading platforms typically stream live market prices on which users can trade and may provide additional trading tools, such as charting packages, news feeds and account management functions. Some platforms have been specifically designed to allow individuals to gain access to financial markets that could traditionally only be accessed by specialist trading firms such as allowing margin trading on forex and derivatives such as contract for difference. They may also be designed to automatically trade specific strategies based on technical analysis or to do high-frequency trading.

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text courtesy of Wikepedia
Types of softwareDay trading software falls into three main categories: Data, Charting, and Trade Execution.
[edit] DataA day trader needs to know the prices of the stocks, futures, or currencies that s/he wants to trade. In the case of stocks and futures, those prices come from the exchange where they are traded. Forex is a little different as there is no central exchange.
Because exchanges don't generally want to be concerning themselves with supplying data to millions of individuals, they usually make their price feed available to an aggregation company. These companies then sell those price feeds on to individuals and corporations.
Prices can vary greatly for data feeds, with the exchange setting the base price.
Some data feeds are free, but the prices these feeds supply are delayed. Such feeds are only useful to occasional investors, and are worthless to day traders.
[edit] ChartingThe vast majority of day traders will chart prices in some kind of charting software. Many charting vendors also supply data feeds.
Charting packages all tend to offer the same basic technical analysis indicators. Advanced packages often include a complete programming language for creating more indicators, or testing different trading strategies.
[edit] Trade ExecutionOnce a trader has their data and can see and analyze it on a chart, they will at some point want to place a trade. To do so, they need to use some kind of trade execution software.
Most stock brokerage firms will provide proprietary software linked directly to their in house systems, but many third party applications exist through Independent software vendors(ISV). The advantage of third party programs is that they allow the trader to trade through different brokers whilst retaining the same interface. They may also offer a number of advanced features such as automatic trade execution.