Monday, September 04, 2006

Computerised Trading

Maximising Day Trading and Overnight profits (Mark Jurik)

Highly recommend this book on computerized trading. I guess this is what kicked it all off for me over the past year and a half. This book is the one that started my curiosity. Joe DiNapoli is a key contributor to the book, and this wont be the last time I mention this characters name in my blog. Meister of trading. Period.

Also just noted this book on "Technical Analysis in the Options Market: The Effective Use of Computerized Trading Systems". Cannot believe that I have never read this book and yet it outline ALL the key parts of my system document:
C1 - Psychology, Chapter 2 - Trend spotting Chapter 3 - MACD, Chapter 4 - Short Term Oscillators Chapter 5 - FTSE pyramiding. Chapters 1-4 are uncanniliy similar to what I have deduced about Binary Options inside my own Binary F2358B Binary Power method.

But there are 2 KEY differences.
1) The book looks like it has a section on FTSE Pyramiding, my system does not document my entry and management technique explicitly, only through example (implicitly). I think I need to read this book because it contains an insight into what I am currently being challenged with: Objectively and non-Judgmentally revising my entry method (pyramiding) or what I refered to as a reverse trailing stop "trailing entry" to my pal in the Bahamas, Pete.

2) The second difference is that my system ALSO utilises a VERY powerful leading indicator.

See this book here.

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