We are thrilled to have Frank back for one of our lunch time webinars.  This webinar is targeted to both members and guests.  Frank is a terrific trader, speaker and educator and he will discuss his latest work and what he sees currently setting up in the markets.  ** Note: This timely webinar will be well attended so make sure you login early in order to get your seat at the table.

Where: TTTHedge.com trading room: http://ttthedge.adobeconnect.com/traders

When: February 8th at 11AM EST.

Click on the link above and enter our award winning room as a guest.  Come early and stay late and spend the day trading with us as it will be open house all day long!

About Frank Ochoa

PivotBoss is the brainchild of Frank Ochoa, a 14-year market veteran and author of the critically acclaimed book Secrets of a Pivot Boss. He has traded in both discretionary and fully-automated trading environments, and has played an important role in trading software creation and development, including the creation of advanced trading systems.

Frank moved to Austin, TX in 1997 to attend The University of Texas at Austin, where he received his B.S. in Corporate Communication in 2001, including an emphasis in Business Foundations. He began actively trading stocks in 1998 and eventually turned a hobby into a career in 2001 when he was hired as a Trading Room Intern for the Austin-based software company Nirvana Systems, Inc. while still a Senior at UT. Within months, Frank was offered a full time position as a Market Analyst and was eventually promoted to Sr. Market Analyst;  a title that he held for the remainder of his ten-year career at the company.

In 2010, Frank published his first book, Secrets of a Pivot Boss, which has become a highly acclaimed book for active traders and stock market enthusiasts. The book has garnered wide-spread praise from traders all over the world and is routinely mentioned among the best trading books on the market.

Frank is a premiere trading educator. Frank has educated thousands of traders over the last decade and has become a highly accomplished public speaker. His methods for educating and engaging audiences has garnered high praise, and his services are often requested for speaking engagements across the country.

Frank is well-versed in trading education and routinely teaches on a variety of subjects, including intraday trading, swing trading, position trading, trade management, trading platform education, system development and creation, technical analysis, indicator-based trading, and pure price-based trading. In addition, Frank is one of the foremost trading educators on pivot-based trading techniques in the world.

Frank has given speeches for top trading organizations and groups, including the Market Technicians Association (MTA), the Association for Technical Analysis (AfTA), and the Austin Association of Financial Traders (AAFT), among others.

Frank is also a highly accomplished general market analyst, and has made spectacular calls over the last decade, including the market crashes of 2001 and 2008, and the market rallies of 2003, 2005, and 2009.

Frank resides in Austin, TX and is happily married to his high school sweetheart Claudia, is proud father to daughter Olivia, and is expecting his second daughter in May 2012.

Note Sure what a Ned Davis 4% system is?  Read more about it here and get access to our indicators and strategy files for backtesting on TradeStation and NinjaTrader.

Thank you again for signing up.  This 3rd assignment is  available now that yesterday’s trading data was posted.  All 3 homework assignments should be completed if you want to follow along and learn interactively the Ninja platform.

To quicky review: (all these can be done in about 20minutes or less)

Assignment #1 – Download NinjaTrader from here

Assignment #2 – You will setup:

• A new instrument (ES Emini Contract)
• A connection to the Kinetick Free data service
• A new daily chart of the ES
• A new workspace to build off for assignment # 3
• Customize the background color for your chart

This is the video to pace you through the process on #2

http://www.screencast.com/t/0P97bRPZ9

Assignment #3 – Download the ES level1 & level2 data from 9/19/2011 (yesterday)

Here is a video to show you how to download this data.

http://youtu.be/hMnj2tg9w_8

Looking forward to seeing you in the room!

The address for accessing the webinar is http://ttthedge.adobeconnect.com/traders

-Red

I have done most of my research on this signal using the TradeStation NYSE data and on Friday it closed like this:

No matter how many times I hit Ctrl-R to refresh the data,  I cannot get it to reach that 61.5 level.

On FreeStockCharts.com, they have the ZBT looking like this:  A value of 62.13 which clearly is a hit.

My NinjaTrader/Kinetick data looks like this: 61.99 another winner.

So if we vote the answer is YES, we did get out ZBTR.  My problem with the Kinetick data is it also gave us a ZBTR on the March Reversal of this year:

Which nether Worden nor TradeStation awarded.

I am really hoping that Monday, since we have one more day in the window, we can get TradeStation up and over and then the historians can argue about the day.  I just want my simulations to work!  So I am waiting one more day, expecting some strength on Monday to get alignment.

-Red

Our system has been up 92% including the last chopped entry.  Remember this system only has a 50% entry success rate, but it is a trend follower and once locked onto a trend produces some fantastic returns.

The reason I say easy one, is because we are tracking a Zweig Breadth Thrust Signal and we have mixed results from different data vendors.. More on that coming.

-REd

You are invited to a webinar on Features and Benefits of trading on NinjaTrader and how to setup the TTTHedge.com indicators.  There will be some homework to get ready for this interactive webinar so please make sure you register to get the daily homework!

When: Thursday October 20th @ 7pm EDT

Where: TTTHedge.com Trading room @ http://TTTHedge.adobeconnect.com/traders

Seating is limited so please register at the address below.  Once registered you will receive some email getting you setup for the webinar.  NinjaTrader is a 100% free platform and with Kinetick.com end of the day free data you can extract some very useful breadth information to help you see “under the hood” what is going on outside of index prices.

Register by clicking HERE and get your first homework assignment

Agenda:

Brief overview of 3 chart and trading platforms: NinjaTrader, TradeStation, ThinkorSwim with some strength & weaknesses of each.

Overview of a few of the TTTHedge.com indicators with RedlionTrader.  Before the webinar starts you should have successfully downloaded the Ninja platform, configured it and downloaded some of Red’s indicators.

During the webinar we will download Replay data from the previous day and talk about how to trade that day

Interaction:

There will be interaction at the end as time permits and then at 8pm we will roll into live trading the overnight markets.  Red will alos discuss his newest bid/ask/volume/sales indicator that attempts to reach into the markets and detect real-time high frequency buying and selling opportunities on the ES EMini contract.

This one of the Pivot Boss Suite of indicators for NinjaTrader.  To learn more about using Frank Ochoa’s pivot indictors and the Central Pivot Range you can go to http://PivotBoss.com 

Inputs:

Inputs are easy, you can enable or disable the plotting of the BC, TC and PP simply by manipulating the true/false input fields.

The pivot range calculation can swap around the lines, in other words the TC can be below BC, this sometimes leads to confusion.  If the SortLines input is set, no matter how the calculation works out, the color ordering will always remain the same.  Set this input to false is you want the color attached to the calculation.

This indicator automatically scales for the bar type you are using.  On intraday charts it will use daily pivots, on daily charts, weekly pivots, weekly charts generate monthly pivots and monthly chart yearly pivots.

This indicator is free for registered website users (which is also free):

This indicator is used to visually plot the Advance/Decline line of several indexes for intraday monitoring of strength both relative to other indexes as well as to watch for market turning points. 

The indicator comes packaged with a worksheet setup to for several indexes. It is a bit tricky to setup as TradesStation requires a symbol to be displayed in order to annotate a chart so Data Stream one needs to be “Scaled” out of the chart and the chart expanded and scaled using background scaling in order to be used properly.

Understanding how the symbols are setup is important to understanding how to use the indicator.  You can have up to 8 a/d lines and each a/d line must have an advance/decline pair. Here is the example for the provided worksheet.

Data Stream 3 in this example is the NYSE advances and Data Stream 4 is the NYSE declines.  (odd even datastream = one a/d line).

The first input on the Format Analysis box tell the indicator how many data stream pairs you have setup, in this example we use the first 7 (data stream 1 – 14).  Although we have setup AMEX  as a data stream we find it of little use so we have excluded it from the indicator by picking 7 a/d lines to show (1-7).

The next inputs are the tag names that will float with the latest A/D values to help you identify the A/D lines.

The indicator runs in several modes of which we find the modeDiff the most useful which is simply (A-D)/(A+D).

The final chart so look something like this:

This latest version includes the A/D ratio as part of the annotation allowing you to see a more traditional value for the A/D line.

The !RL_AD_ALL indicator is for premium members only and is one of our most used trading tools.  If you would like to see the indicator in action and how we use it to help us trade you can visit us in the Traders Live! trading room.

Down Load:

The Ned Davis trading system will enter long in UMW on Monday’s open.  If you are not familiar with this mechanical system you can read more and see the trades we have been tracking since March 2009.

Ned Davis / Zweig 4% trading system

The Yellow candle on the chart is the buy signal, white are sell signals.  The last entry was Sept 2010 and it exited about 3 weeks ago on that first 4% bar down.  The 4% weekly calculations are based on the value line.

If you are a TradeStation user and would like the Ned Davis Indicators for free you can download them at:

http://www.redliontrader.com/category/tradestation-2/

There is a strategy for back testing and trading that is available to premium members.