I have decided to share with you all an update to my correlation matrix for the end of the 2009 year. It is based off continuous contracts and the daily settlement prices over the last 12 months. There are bound to be some numbers that shock some.
Good trading and may all your trades have fat tails and flat distributions
Concept of an Anchor Chart is to combine multiple time frames into one chart.
This blog post is to:
1. Give a free open source version of the TTM Anchor Charts for Time and Tick and
2. How-to install them.
There are two versions for MultiCharts and for TradeStation all of which were sourced freely from open forums no copyright infringements.
Now download the MC version or the TS version which ever is your preferred platform it is a zip file as it has the additional software ADE and TZU code needed to set it all up.
Lets Deal with MC first, the following series of screen shots is to give you an idea of how it works.
Step 1: install all the downloaded code. Make sure to compile all the code as you install it. You will install ADE, ELC, TZU, TTM Anchors Time and TTM Anchors Ticks.
Step2: read the installation process for ELC and ADE move the appropriate text files to there respective directories. ie that the ADE text file “OHLCV” is moved to the “c:\ADE\Classes” and that the “ADE Generate Class.mex” is in the MC program folder. Also need to make sure that ELCollections.dll’s are moved or in the right place ie. in the Program folder of Multicharts.
Step3: follow the attached screen shots. You can cheat and just open the work spaces now and they should all load properly after the data has been downloaded. However, that takes all the sport out of it. So try and build the setup from scratch by opening the 4 subcharts and 1 main Anchor chart… ie 5min, 5min, 15min, 30min, 60min… and now follow these picture steps.
Now Insert the “TTM Trend Anchor Time” indicator into the Anchor chart looks like this
Now you should get something like this. You have Anchor Charts for Time Series on MC! You can now minimize the the sub charts and just look at the Anchor Chart.
The process of Tick anchors is very similar in the setup but on each subchart there is different hidden indicators. See the following screen shots.
This an extremely important step for you to check that when you load the sub charts that you have the “ADE TickBart” file and not the “ADE TickBarV” file else you will get errors as the subchart won’t collect volume data on a tick chart.
You should end up with something like this on Multicharts
Enjoy Anchors on MC!
Now Lets tackle TS and install Anchor charts for the Trade Station now that you have downloaded the TS zip file with all the required moving parts to load Anchors it is identical in procedure as Multicharts so make sure you install all the ADE and ELC and TZS first like in steps 1 and 2 for MCs. Here are the TS screen shots to walk through the installation.
Anchors for Time Charts.
Now lets look to insert the PaintBar “TTMpb Anchors Time” into the Anchor Chart.
Voila! Anchor Charts on Trade Station! Free
Now lets setup Tick Charts with Anchors Lets insert the indicators !TZS and TSU Save OHLCV ( remember to check that the file is “ADE.TickBarT”. Looks like the screen shot below.
Now lets insert the PaintBar into the Anchor Tick Chart….
Voila! Anchor Tick Charts in Trade Station.
Enjoy your Anchor Charts on the Holidays!
Good Trading and May all your trades have fat tails and flat distributions
Yes the commodity currencies are the ones that will fair the best as the USD undergoes some wholesale devaluation. Why the AUD? Simply:
1. Australian economy faired well in this most recent world recession.
2. Gold as the price of gold marches on so too will the AUD
3. Commodities and Metals continue to be demanded by China so too will the AUD push higher.
The short is don’t get caught short the AUD. This attached chart highlights that the next level of resistance to the AUDUSD pair is 09550’s which is the 61.8 fibonacci extension and we may see a test to the July 08 highs which is the 76.4% extension on that 0.6244 to 0.8285 move.
This is the weekly chart of the EURUSD which seems to be respecting the Yearly Pivots. We bounced off YR S1 and then bounced off the Yearly Pivot which was also the 38.2% Fib retracement before resuming the uptrend. Today we broke out of that 2 week sideways range (1.4200 to 1.4400) to see a continuation of the uptrend.
Next target if the uptrend continues would be the 1.4702 - previous highs 1.4720’s and then we could likely set up for a test to R1 1.5083. Traders this is the macro view.
As we approach the -23.6% this is a rerun of a chart I posted earlier in August 2009 (08/07) of some targets that I was watching on the DX Anchor Chart. Highlighting that the -61.8% extn lines up with the double bottom and the April and July lows / double bottom.
Watch for more down side as we now are seeing a continuation to the down trend.
EURUSD has been range bound for the past two week between 1.4400 to 1.4200. There needs to be a break to this sideways channel to give us some clear directions to the EUR. Wednesday and Thursday may see some action to the EUR on Wed the US Fed Beige book and some German Economic data and then on Thurs you have some important Economic numbers from France (Manufacturing and wage data) and Italy (Trade Balance and GDP numbers).
Eur at the moment on swing trades is a wait and see until we get a break to this range.
This is a weekly of the Dollar Index which hints that there could be more downside risk although the indicators suggest in the near term that it looks oversold.
Using some fibonacci analysis the chart highlights that if you take the move from 87.68 level to 78.83 level the retracement from that was very small we only pulled back to 38.2% level before seeing a continuation of the downtrend. Based off that move the 61.8% extension coincides with the April Lows.
Good Trading and stick to your stops
KT
Trading room is closed on Monday as I am travelling. Back Tuesday.
Welcome to Kurtosis Trading! Here at Kurtosis Trading we are Day Traders and Swing Traders this is a forum to provide information tips, trade setups and trade ideas on day trading and swing trading. We believe here at KT that information and education is the most important ingredient to the sucess of day traders. We are not a company of Financial Analysts publishing research and recommendations I will leave that for the IB and Brokerage Houses. All ideas are our own trading ideas and are intended for educational purposes but if you should profit from our ideas feel free to make a donation to help fund this site.
