Monday, December 3, 2007

Video tutorial - importing data into TradeLogger

Hello everyone. I have started creating some useful, narrated video tutorials about using TradeLogger. My hope is that these videos will help explain things about using this software in a much more clear way for those just getting started.

To check out all the video tutorials as they are uploaded, you can find them posted in the TUTORIALS section of TradeLogger's site.

I'm also posting them on YouTube for added convenience, but the ones posted on the TradeLogger site are much higher in resolution.

The first video is a two part look at Importing Data Into TradeLogger.
PART 1
PART 2

Please post your comments about how you like them, if they are helpful and what other topics would you like me to cover. Thanks for your support and good trading everyone.

Monday, November 26, 2007

Whippy Russell today made for a tough day

The Russell 2000 futures were pretty whippy today, taking out my stops on over half my trades leaving me with a down day. No big deal, but just didn't see that nice get-up-go follow through that I've been used to the last few days.

On another note, after meeting with several key people in Las Vegas, it looks very likely that TradeLogger may form a partnership with a few other charting packages such as TradeNavigator. This will allow charting packages with built-in front ends to talk directly to TradeLogger and automatically import trade data as it occurs in real time while you trade. It may also be possible to have TradeLogger control the switching of the front end between "sim" and "live" mode as the equity curve dictates. Details are still developing but it looks likely that TradeLogger will become even easier to use for traders.

Monday, November 19, 2007

Fantastic trading today using Range Bars

Today was simply a banner day trading using Woodies' CCI set against range bars instead of price bars. 3 winning trades on the YM. 16 trades overall and 15 winners. Not too bad. The way that the range bars smooth out the moves of the CCI and get you into trades much earlier have made this a fantastic method for trading. Woodie tested this setup for 9 months and finally revealed it to me in Las Vegas and I have to say that I think it beyond fantastic. Thanks Woodie and good trading.

Sunday, November 18, 2007

Back from Vegas and ready to trade

Hi everyone, I just got back from a week in Las Vegas as a presenter at a Woodies CCI Seminar and had a simply fantastic time. I received a lot of great feedback for future enhancements for TradeLogger and met some of the nicest people in the world. Now that I'm back I'll be busy implementing some of these ideas for TradeLogger to make the program even better for traders to use in order to keep more money in their trading account. If you have any suggestions or comments please let me know by visiting www.tradelogger.net and contacting me. What a blast Vegas was, especially getting the chance to watch the Frontier Hotel implode...very cool. OK, we'll be talking with you all this week, take care and good trading.

Wednesday, November 7, 2007

Fixed a bug in TradeLogger version 2.3R

Hello all, a recent self-update to TradeLogger to version 2.3R fixed a bug which occurred when clicking on the SHOW# button. It used to draw both the "before" and "after" curve on the graph when it should only draw the "before". This glitch was remedied in this latest update. Good trading everyone!

Wednesday, October 31, 2007

Fed lowers rate and good trading on market today

As usual on FOMC announcement days, I make sure to assume a flat position about 30 minutes prior to the actual news. This is because I have no interest in getting caught up in the whippiness that usually occurs after such a significant announcement. The problem with that is just because you have a stop set on a trade, doesn't mean you are protected in case of extreme volatility. The market price can easily jump right over your stop triggering it, but you might get filled 20, 30 or 50 tics beyond that once the order is executed. But prior to the announcement, we had some good trades on Russell, Gold and mini-Dow. I went flat before the announcement and after that there were no valid patterns to take. So overall, good trading today.

Sunday, October 28, 2007

Reported white screen problem with TradeLogger

Hi there traders. Some people have reported that they get a white screen appearing after the welcome screen appears in TradeLogger and they cannot make it go away. This seems to be an issue which is remedied by performing a Windows Update to make sure you are running the latest Internet Explorer and ActiveX on your computer. The users that reported this problem have said that it went away when they checked these two things and updated them. If the problem persists, please let me know. Other than that, let's have a great trading week! Good trading everyone.

Monday, October 22, 2007

Another positive day trading the mini DOW

Today provided a couple of winning trades on the YM (mini DOW). Quick ones too, which are the kind I like the best. I've been finding more and more than lately the 3 minute chart of the YM seems to get me into a move in a little bit better position than the 5 minute charts have. Not that the 5 minute charts are bad charts to trade, it's just in the last 5 or 6 months I've found that I've noticed the 3 minute charts getting in early on the move, whereas the 5 minute charts get me at the peak of the move.

Wednesday, October 17, 2007

Excellent trading on the DOW today

What a beautiful day trading on the mini-DOW today. 2 big trades yielding over 150 tics, just trading basic CCI patterns at bar close. Some people ask how is it possible to really get a 2:1 win to loss ratio and this is one of the ways. By having a running contract on that catch these long, extended moves makes up, in the long run, for small losses or BE+1's.

Way to go everyone that caught a piece of today's action. Good trading!

Tuesday, October 9, 2007

Bull Call Spreads working so far

As I continue to delve into the world of options I have been carefully putting on a few simple trades based on signals generated using the CCI indicator on daily charts. So far, all of these spreads are working and showing moderate profits. My main goal in doing this is to become more familiar with managing the options trades using the ThinkorSwim platform. Managing swing option trades is definitely a different animal than day trading futures and I am really enjoying it as each day goes by I learn more and more about the different strategies for doing option plays.

TradeLogger - equity curve management

TradeLogger is a FREE program that helps day traders and swing traders minimize the drawdown in their equity. Close to 2,000 traders are now utilizing TradeLogger's easy-to-use interface to log their trades' profit and loss and receive a clear, consise signal whether their next trade needs to be a LIVE trade or a SIM trade. This is all based on how well their equity curve is performing.

The benefit of this program is it saves you capital when your trading performance experiences periods of drawdown while in a losing slump, whether it's due to the skill of the trader, or just lack of follow through from the market due to market mechanics.
You can download at www.TradeLogger.net.