Big Brother — At My House!

I’ll keep it brief today
as I’m frankly flat-out exhausted and hoarse
after just having completed three days of recording my trading business non-stop
since Monday night (see section below).  So I’m going to defer to the charts to
do today’s technical analysis portion.

Suffice it to say the dam has burst.  The jobs report may have been a spark, but
the technical embers have been there for a while.  I present Exhibits SP and NQ.

                                                
S&P 500

 

                                         
Nasdaq 100

                             
Moving Avg Legend: 
15MA   Larger
Timeframe 15MA

                         
See https://www.donmillertrading.com for Setups and Methodologies

                                                       
U.S. Charts © 2004 Tradestation

Back to Reality

We broke some new and hallowed ground in the trading world this week by
providing folks an opportunity to take an in-depth (18-hour) inside peek at one
trader’s successful futures trading business on a moment-by-moment basis.  Over
the last three days, every thought, action, non-action, success, miscue,
scramble, sneeze, cookie grab, phone ring, broker entry … you name it … has been
captured with the intent of providing a tool that I continue to believe is
sorely lacking in the trading world — that of a prolonged reality trading
experience using a bona-fide business and real trades to help further the
development of traders.

As I’ve mentioned in the past, I’ve been extremely frustrated over the years
with the lack of effective tools which is what we get in an industry that
includes an abundance of non-trading analysts (don’t get me wrong, many of
them are solid, they just don’t trade)
and non-sharing successful traders,
leaving most of us having to figure things out on our own in terms of all of the
trading aspects which have nothing to do with charts.

So call it going out on a limb or whatever, but as I told Larry Connors a while
back, I felt the time has come to do something about it and put my time and
money where my mouth is for all to see.  For while I mandate that live trading
be an integral part of my educational products as we’ve done over the last few
years, we’ve never taken it to quite this level.  And it’s not a “demo” … rather
it’s a glance at the business itself.

To make sure folks are 100% comfortable with integrity and validity, we’ll be
having the production and results audited.  We’re also not going to price
the product in the stratosphere to make it available to as many traders as
possible, and I’m going to donate a portion of any proceeds received at this end
to the American Diabetes Association.  I earn my current living by trading … not
teaching.

Granted, it’s only three days or 15% of a full month — a speck in the lifespan
of one’s business — an aspect I stress throughout the recording.  Yet consider
it an 18-hour brain dump in the context of a no-holes-barred,
roll-up-your-sleeve, look-over-my-shoulder approach to sharing what one
particular business is all about across a variety of markets (ES, NQ, DAX, Euro)
and rhythms (trending and non-trending).

No guru crap.  No pretend Joe Schmo show.  Are there other successful
ways to trade?  You bet.  Are there miscues?  Absolutely.  Are there missed
opportunities?  Some purposely and others unplanned.  But as I’ve said in recent
pieces, trading is thankfully a business that doesn’t require perfection
to generate a damn decent living for those who are willing to sweat, toil and
persevere day by day, hour by hour.  Yet in an industry where most continue to
look for that perfect method, perhaps the only way to help by convincing folks
otherwise is to simply let it all hang out and let reality do the talking.

At least it still may have a voice.

Good Trading and Have a
Great Weekend.

Don Miller