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

DreamTai 5.02.14 Beta test version released

[PIC: "A visit from Easter Bunny" by "aussiegall": http://www.flickr.com/photos/aussiegall/3431275844/ ]


Hi,

The beta test version of DreamTai (version 5.02.14) has been released.

Here is how to download it.

Start DreamTai and select a watchlist and click LOAD button and allow it to download the stock data.

You should see a message window pop up telling you about the new version and the link to download it.

You can also select File =>Messages from the menu to look at the message and get the download link.

This weekend, I will try to write an instruction manual on using the new version.

Please feel free to send feedback and suggestions for the next release.



[PIC: "John rescues bunny by SusanG2": http://www.flickr.com/photos/susang2/3073655290/ ]




[PIC:Bunny Snuggles: by Captainsubtle: http://www.flickr.com/photos/captainsubtle/4578686345/]

Stock market status as of September 26, 2010

The stock market trend is still up, as shown by the green color bar.

Stock market status as of September 19, 2010

The stock market is still in an uptrend, as shown by the green bars.

It just sliced through the first resistance level like a hot knife through butter.

Now, the next resistance level is around 10,790

Stock market status as of September 12, 2010

The Dow Jones index is still in an uptrend.
The two red lines show possible resistance lines from the prior peaks.

Let us see what happens.

Prior Peak Trading Strategy

When a stock reaches a prior high, it faces resistance. If it can not overcome that resistance, it will go down.

Some traders use this opportunity to short the stock. However, it is a short term trade and you must be careful, because you are trading AGAINST the trend.

The stop loss is placed at the top of the top of the peak.
To short the stock, wait till the stock reaches the previous high and wait for it to have a down day, that is, the stock closes lower.

The target is two times the initial risk. Sell half when the stock reaches two times the initial risk and have a trailing stop for the remaining half.


See the following examples.

Stock market status as of September 6, 2010

The Dow Jones Index has turned bullish.
Now, there are two possibe moves on the Daily charts.






One scenario is that DJIA is forming a triangle formed by line ABCD and line 45.
So, it could go upto point C, face resistance and then turn down. So, point C is a resistance point.

Another alternative is that the average is in a parallel channel formed by line 123 and line 456. So, it is also possible that the stock can go upto point 2 and face resistance there.

So, point C and Point 2 are two important resistance points.






Let us see what the weekly charts say about the market.
In the weekly chart, the stock is still in a narrow triangle range shown by the blue lines and we can know the trend only after it breaks out. It can break out above or below the triangle.
Notice that 10,000 is a very important resistance level. If the stock goes below 10,000 and breaks the triangle, then the long term trend is downwards.

Till the breakout occurs in the upwards or downwards direction, we will be in a choppy market.