I wanted to get down something I have learnt over my two and a half years of trading. It is the subject of trading tools, plans and generally other traders. I don’t find myself posting much on this forum or others because I find myself rarely in disagreement with others nor do I feel my way of trading is the way others should trade.

When I first began trading I was of the belief that the system made the results. I don’t frown upon myself or anyone else for believing that as many “guru’s”...

jasont

After two weeks of recording the market from my initial research I have an update. The figures aren't as great as they were but they are definitely are still high probability.

I now have a total 43 days I have looked at with 40 of those 43 days being gap days. 27 of those days have seen their gaps filled. That gives a 62% of gap days being filled. Thats not fantastic but a good trader could probably trade a tight stop on these and look for the runaways when the turn is sensed....

jasont

Offsetting Positions

This has come about as I have been assessing my lack of locking in profits. A number of times now I have been trailing my stop in possibility of making further gains. The problem for me lies in the fact that I am not strong in trend analysis. By that I mean, I cannot look at a current trend and say it is likely to reach X price because of factor X, Y and Z.

What I can do however is look at a market after it has trended and say it is likely to turn...

jasont

This is going be an odd post, in fact I think it is going to sound a bit like Victor Niederhoffer.

I tend to enjoy watching my pool when it rains. I find it quite relaxing and was using it as the setting for some of my mental preparation today. When I began watching the rain hit my pool the drops of water were quite intense and frequent. The sky was quite dark and there was a reasonable wind hitting the water. There were no sounds of birds either.

As I continued to...

jasont

As I have been noticing some big moves at the open I thought that it might be a good idea to see how I could capitalize on these moves. At first I thought there was a connection between where the Tick opened and where the market subsequently traded for the morning.

Following that basis I decided to research the Tick and the open to find what the real result was. I managed to get 33 days of data to form my analysis on. It began from 17th March 2008 and went to 6th June 2008. Its not...

jasont