Two things today. First, thank you for all the comments from both sides of the fence. I do read each one, and that's what prompted my post yesterday. I receive several posts and PM's each week with stories of life devastating losses from day traders. These emails are from people who have lost all their money, their wives, families and homes. There are others who are contemplating suicide because they've lost everything. I personally have known traders who have committed suicide because they just couldn't be profitable. Please don't think of yesterdays' post as criticism, but as a necessary wake up and smell the coffee moment for those who might need one.
Now for the good news. As you know from the blog, I trade and am teaching Kiki to trade order flow. I use indicators, which I have programmed on my charts that measure volume and strength of order flow. I'm always reading, studying and talking with other traders about how to improve things in general and improve my trading. There is a program called MarketDelta which you have probably heard of. MD specialises in volume based analysis as well as the usual technical analysis. They have a great Market Profile too. Over the week-end I will switch to Market Delta and try and replicate my existing setup in MD. I will happily share the template for my settings as soon as I work out how to do that. I am also going to use their programming language to create other volume based indicators to track order flow.
I started talking to Trevor about a week ago and have looked at Market Delta well before that, as I was looking for something where I could have a single charting platform. The interesting thing also with MD is that they are initiating Chart Trading so you can just click on a chart to trade and the trades appear on the chart. That's something I referred to in a post a couple of weeks ago.
Now for the extra bit of information, Trevor, who owns Market Delta, has offered to host a webinar for Electroniclocal readers on how to use Market Delta with my methodology. If you want to try this program out before the webinar, mention Electroniclocal and get a month's free trial with no strings attached. Mentioning Electroniclocal will tell Trevor whether there is enough interest in producing the special webinar. MD can be found here. I have posted a sample chart of what it will look like. Its not yet properly configured but will be by Sunday, I hope.
I started talking to Trevor about a week ago and have looked at Market Delta well before that, as I was looking for something where I could have a single charting platform. The interesting thing also with MD is that they are initiating Chart Trading so you can just click on a chart to trade and the trades appear on the chart. That's something I referred to in a post a couple of weeks ago.
Now for the extra bit of information, Trevor, who owns Market Delta, has offered to host a webinar for Electroniclocal readers on how to use Market Delta with my methodology. If you want to try this program out before the webinar, mention Electroniclocal and get a month's free trial with no strings attached. Mentioning Electroniclocal will tell Trevor whether there is enough interest in producing the special webinar. MD can be found here. I have posted a sample chart of what it will look like. Its not yet properly configured but will be by Sunday, I hope.
... Just to let you know, I am not charging for and will not receive any money from Trevor for this webinar. If you find the webinar useful and want to give something back, please make a donation to my favourite charity, the Macmillan Cancer nurses here and then to donate, here. Or Kiki's favourite, the micro credit charity Kiva. here.
Click a chart to enlarge
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