Stock picks on Oct 31, 2010

These stocks are in an uptrend with buying pressure.

XLP



XLK



VOD



VMED



VIA.B




SO



SLW



MO



LVS



LTD



KO



IBM



EBAY



AKAM

Corn Trade Analysis

Here is a recent no-brainer trade in December Corn futures contract, I had done recently.


Look at the chart.
First, we check if the chart is bullish and the trend is intact.

1. The 20 day average line is above the 50 day average line

Yes!

2. The moving average dotted lines are pointing upwards (between 1 o clock and 2 o clock clock positions),

Yes!! Yes!!

3. The moving average lines should move smoothly upwards, almost parallel to each other.

Oh Yes!

4. The Power Ranking is greater than 3 (This is preferable)
Not applicatble..as I did not use DreamTai software for analysis.







Corn price moved into the bouncing pad area between the 20 days and the 50 days moving average.
Then, it rested for some time and started moving up.

I purchased two December corn contracts at average price of 496.50.
I placed the stop loss sell order below the bar low.
The Corn just zoomed up and reached around 576.

Now, I have moved the stop loss order just below 500. Why below 500?
Because 500 is a round number and ususally the round numbers (Numbers divisible by 5 or 10) act as powerful support and resistance.


For low risk trades, just look for a trending stock/commodity/forex.
Wait till it reaches the bouncing area between the 20 days moving average and the 50 days moving average.
Then place the trade and place the stop loss at the lower end of the 50 days moving average.(or above 20 days moving average if shorting)

Sit back, relax and wait for the cash register to ring.


See the video below:

Market Wizard Paul Tudor Jones in action: Rare video

Here is a link to a very rare fantastic video about the Market Wizard Paul Tudor Jones in action.

Please check out this video before someone takes it down.


http://vimeo.com/9881971


CLICK HERE




Jones uses a global macro strategy when trading in some of his funds. This strategy can be seen in the 1987 PBS film "TRADER: The Documentary". The film shows Mr. Jones as a young man predicting the 1987 crash using methods similar to market forecaster Robert Prechter.

Although the video was shown on public television in November 1987, very few copies exist. Those that do are hoarded by traders who watch the hourlong movie in the hope of gleaning possible trading tips from Jones.

On the Internet, bids for the video start at $295. According to Michael Glyn, the video’s director, Jones requested in the 1990s that the documentary be removed from circulation.

The video surfaced briefly on YouTube at the end of July 2009, before being taken down due to alleged copyright violation.

Jones' firm currently manages $17.7 billion (as of June 1, 2007). Their investment capabilities are broad and diverse, including global macro trading, fundamental equity investing in the U.S. and Europe, emerging markets, venture capital, commodities, event driven strategies and technical trading systems.


Click here to know more about this market wizard

Dreamtai bug fix update released

Oct 9, 2010
Hi,

I have released a corrected version.
I have repaired the bug about not
being able to set the Initial Capital.

Now, the Initial capital Setting is working.
Please download the software again
(same link as before) and re-install it.

Thank you very much for your feedback.

Sanjoy

DreamTai 5.02.14 Bugs to be fixed

Hi,

Thank you very very much for contributing money for future development and feedback for the new version 5.02.14. So far, the response has been great for this new version.

Till now, two bugs have been uncovered.


The first issue about not being able to change the initial capital is a bug in the software.
DreamTai 5.02.14 is still in beta testing.
I will repair this bug and release the repaired version very soon.

The second item is about saving the status of the bar color selected.
At present, DreamTai does not save the bar color status, if you change the bar color.
So, if you re-start DreamTai, the bar colors will switch back to default colors.
I will code for this in the next release.

Thanks for informing me about these bugs. Also, please inform me if you like any other features to be added.

New features for DreamTai version 5.02.14:

Thank you for your feedback for the latest version 5.02.14

There are many new features added in this version.

After installing the new version of DreamTai, the first thing you must do is to study the "Getting Started" webpage.

Check the following link:


http://www.dreamtai.com/docs/getting_started.html

Then, you should study the following webpage on interpreting the trade signals:

http://www.dreamtai.com/docs/trade_signals.html