http://www.enthios.com/blogs/images/EE%202006-08-03-1645.pnghttp://www.enthios.com/blogs/images/EE%202006-08-03-1242.pnghttp://www.enthios.com/blogs/images/EE%202006-08-03-1009.pnghttp://www.enthios.com/blogs/images/EE%202006-08-03-1005.pnghttp://www.enthios.com/blogs/images/EE%202006-08-03-0631.pnghttp://www.enthios.com/blogs/images/EE%202006-08-02-1325.pnghttp://www.enthios.com/blogs/images/EE%202006-08-02-0804.png
http://www.enthios.com/blogs/images/EE%202006-08-02-0659.pnghttp://www.enthios.com/blogs/images/EE%202006-08-02-0637.png
http://www.enthios.com/blogs/images/EE%202006-08-01-1334.pnghttp://www.enthios.com/blogs/images/EE%202006-08-01-0632.pnghttp://www.enthios.com/blogs/images/EE%202006-07-31-0631.pnghttp://www.enthios.com/blogs/images/EE%202006-07-28-1353.pnghttp://www.enthios.com/blogs/images/EE%202006-07-28-0712.pnghttp://www.enthios.com/blogs/images/EE%202006-07-28-0703.pnghttp://www.enthios.com/blogs/images/EE%202006-07-28-0648.pnghttp://www.enthios.com/blogs/images/EE%202006-07-28-0645.png
http://www.enthios.com/blogs/images/EE%202006-07-27-0828.pnghttp://www.enthios.com/blogs/images/EE%202006-07-27-0812.pnghttp://www.enthios.com/blogs/images/EE%202006-07-27-0701.pnghttp://www.enthios.com/blogs/images/EE%202006-07-26-2247.pnghttp://www.enthios.com/blogs/images/EE%202006-07-26-0744.pnghttp://www.enthios.com/blogs/images/EE%202006-07-26-0712.pnghttp://www.enthios.com/blogs/images/EE%202006-07-26-0705.pnghttp://www.enthios.com/blogs/images/EE%202006-07-26-0638.pnghttp://www.enthios.com/blogs/images/EE%202006-07-26-0631.png
http://www.enthios.com/blogs/images/EE%202006-07-25-1725.png
Note the Keltner can be a reasonable stop loss if you trade without stops.
http://www.enthios.com/blogs/images/EE%202006-07-25-0731.png
http://www.enthios.com/blogs/images/EE%202006-07-25-0722.png
http://www.enthios.com/blogs/images/EE%202006-07-25-0656.png
http://www.enthios.com/blogs/images/EE%202006-07-25-0641.png
http://www.enthios.com/blogs/images/EE%202006-07-24-1323.png
http://www.enthios.com/blogs/images/EE%202006-07-24-0757.png
http://www.enthios.com/blogs/images/EE%202006-07-24-0630.png
http://www.enthios.com/blogs/images/EE%202006-07-21-0727.png
http://www.enthios.com/blogs/images/EE%202006-07-21-0638.png
http://www.enthios.com/blogs/images/EE%202006-07-21-0634.png
http://www.enthios.com/blogs/images/EE%202006-07-21-0612.png
http://www.enthios.com/blogs/images/EE%202006-07-20-0801.png
http://www.enthios.com/blogs/images/EE%202006-07-20-0724.png
http://www.enthios.com/blogs/images/EE%202006-07-20-0634.png
http://www.enthios.com/blogs/images/EE%202006-07-19-1322.png
http://www.enthios.com/blogs/images/EE%202006-07-19-1318.png
http://www.enthios.com/blogs/images/EE%202006-07-19-1220.png
http://www.enthios.com/blogs/images/EE%202006-07-19-1151.png
http://www.enthios.com/blogs/images/EE%202006-07-19-0744.png
http://www.enthios.com/blogs/images/EE%202006-07-19-0725.png
http://www.enthios.com/blogs/images/EE%202006-07-19-0710.png
http://www.enthios.com/blogs/images/EE%202006-07-19-0650.png
http://www.enthios.com/blogs/images/EE%202006-07-18-1641.png
http://www.enthios.com/blogs/images/EE%202006-07-18-0634.png
http://www.enthios.com/blogs/images/EE%202006-07-17-1625.pnghttp://www.enthios.com/blogs/images/EE%202006-07-17-0652.png
http://www.enthios.com/blogs/images/EE%202006-07-17-0631.png
http://www.enthios.com/blogs/images/EE%202006-07-16-2237.png
http://www.enthios.com/blogs/images/EE%202006-07-13-1607.png
http://www.enthios.com/blogs/images/EE%202006-07-13-1615.png
http://www.enthios.com/blogs/images/EE%202006-07-12-1558.png
http://www.enthios.com/blogs/images/EE%202006-07-07-1610.png
http://www.enthios.com/blogs/images/EE%202006-07-07-0843.png
http://www.enthios.com/blogs/images/EE%202006-07-07-0625.png
http://www.enthios.com/blogs/images/EE%202006-07-06-1225.png
http://www.enthios.com/blogs/images/EE%202006-07-06-1131.png
http://www.enthios.com/blogs/images/EE%202006-07-06-0711.png
Market closed on POC so this will be neutral unless prices move away
during the overnight session.We will comment further in the morning.
http://www.enthios.com/blogs/images/EE%202006-07-05-1717.pnghttp://www.enthios.com/blogs/images/EE%202006-07-05-0755.pnghttp://www.enthios.com/blogs/images/EE%202006-07-05-0711.pnghttp://www.enthios.com/blogs/images/EE%202006-07-05-0639.pnghttp://www.enthios.com/blogs/images/EE%202006-07-05-0626.pnghttp://www.enthios.com/blogs/images/EE%202006-07-03-0631.png
http://www.enthios.com/blogs/images/EE%202006-06-27-1257.pnghttp://www.enthios.com/blogs/images/EE%202006-06-27-1254.pnghttp://www.enthios.com/blogs/images/EE%202006-06-27-1129.pnghttp://www.enthios.com/blogs/images/EE%202006-06-27-1126.pngNote this is only intended to illustrate how stopless trading can work.
We do not recommend stopless trading because it is so difficult psychologically.
http://www.enthios.com/blogs/images/EE%202006-06-27-1059.pnghttp://www.enthios.com/blogs/images/EE%202006-06-27-0912.pnghttp://www.enthios.com/blogs/images/EE%202006-06-27-0803.pnghttp://www.enthios.com/blogs/images/EE%202006-06-27-0751.pnghttp://www.enthios.com/blogs/images/EE%202006-06-26-0610.png
http://www.enthios.com/blogs/images/EE%202006-06-23-1107.pnghttp://www.enthios.com/blogs/images/EE%202006-06-23-0943.pnghttp://www.enthios.com/blogs/images/EE%202006-06-22-1409.pnghttp://www.enthios.com/blogs/images/EE%202006-06-22-0829.pnghttp://www.enthios.com/blogs/images/EE%202006-06-21-1413.pngWe are still optimizing stops for the ER2, however in the meantime if you were trading stopless you would have exited at nearly break-even.This is typically the case with Universal, even on a losing trade. Stops do not provide a significantimprovement in profitability; rather, they remove the stress of a losing trade with a pre-defined stop based on optimizing.http://www.enthios.com/blogs/images/EE%202006-06-21-0720.png
http://www.enthios.com/blogs/images/EE%202006-06-20-1426.png
http://www.enthios.com/blogs/images/EE%202006-06-20-0941.png
http://www.enthios.com/blogs/images/EE%202006-06-20-0918.png
http://www.enthios.com/blogs/images/EE%202006-06-20-0840.png
http://www.enthios.com/blogs/images/EE%202006-06-20-0640.png
Note the lower VPC already triggered a buy signal, albeit just before 8:30, therefore that VPC is invalidated. Because there is no VPC below 82.60, we are only looking at shorts from the 691.80 VPC (shown on this chart and the next one down).http://www.enthios.com/blogs/images/EE%202006-06-20-0614.png
http://www.enthios.com/blogs/images/EE%202006-06-19-1530.png
http://www.enthios.com/blogs/images/EE%202006-06-19-0729.png
http://www.enthios.com/blogs/images/EE%202006-06-19-0628.png
Here is an example of how even optimized stops can fail.In this case, if we had a specific stop in place based on optimization over 100 or more trades, that stop wouldmost likely have been hit.However, for a method such as the Universal which uses oscillators to signal both entry and exit in most cases, after a stop is hit, prices will eventually return (oscillate) to give us a reasonable exit price, even if that exit is at a loss or break-even.Statistically, stops do not improve the profitability of oscillator-based trades.However, they do provide two key advantages: (1) they reduce the psychological stress of trading, and (2) they reduce the individual amount (drawdown) of any one trade. Of course, if you are continuously building up your profits by taking trades with no stop, then you can afford those "larger" draw downs when the trade moves significantly against you.http://www.enthios.com/blogs/images/EE%202006-06-16-0826.png
http://www.enthios.com/blogs/images/EE%202006-06-16-0723.png
http://www.enthios.com/blogs/images/EE%202006-06-15-2250.png
http://www.enthios.com/blogs/images/EE%202006-06-15-0052.png
http://www.enthios.com/blogs/images/EE%202006-06-14-0657.png
http://www.enthios.com/blogs/images/EE%202006-06-14-0646.png
http://www.enthios.com/blogs/images/EE%202006-06-14-0642.png
http://www.enthios.com/blogs/images/EE%202006-06-13-2255.png
http://www.enthios.com/blogs/images/EE%202006-06-13-0707.png
http://www.enthios.com/blogs/images/EE%202006-06-13-0659.png
http://www.enthios.com/blogs/images/EE%202006-06-13-0656.png
http://www.enthios.com/blogs/images/EE%202006-06-13-0644.png
http://www.enthios.com/blogs/images/EE%202006-06-13-0629.png
http://www.enthios.com/blogs/images/EE%202006-06-12-0810.png
Exit 1/2 at Keltner bandhttp://www.enthios.com/blogs/images/EE%202006-06-12-0733.png
Approaching long signal @ vpchttp://www.enthios.com/blogs/images/EE%202006-06-12-0645.png
Very narrow range or today. Watch for a touch on one side and a break to the other.http://www.enthios.com/blogs/images/EE%202006-06-12-0633.png
http://www.enthios.com/blogs/images/EE%202006-06-12-0633.pnghttp://www.enthios.com/blogs/images/EE%202006-06-08-2103.png
http://www.enthios.com/blogs/images/EE%202006-06-07-1254.png
http://www.enthios.com/blogs/images/EE%202006-06-07-0711.png
http://www.enthios.com/blogs/images/EE%202006-06-07-0701.png
http://www.enthios.com/blogs/images/EE%202006-06-07-0642.png
http://www.enthios.com/blogs/images/EE%202006-06-07-0634.png
http://www.enthios.com/blogs/images/EE%202006-06-07-0624.png
http://www.enthios.com/blogs/images/EE%202006-06-05-0717.png
http://www.enthios.com/blogs/images/EE%202006-06-04-2140.png
http://www.enthios.com/blogs/images/EE%202006-06-02-0651.png
http://www.enthios.com/blogs/images/EE%202006-06-02-0642.png
http://www.enthios.com/blogs/images/EE%202006-06-01-2204.png
http://www.enthios.com/blogs/images/EE%202006-06-01-1132.png
http://www.enthios.com/blogs/images/EE%202006-06-01-0901.png
http://www.enthios.com/blogs/images/EE%202006-06-01-0817.png
http://www.enthios.com/blogs/images/EE%202006-06-01-0740.png
http://www.enthios.com/blogs/images/EE%202006-05-31-2118.png
http://www.enthios.com/blogs/images/EE%202006-05-31-0716.png
http://www.enthios.com/blogs/images/EE%202006-05-31-0647.png
http://www.enthios.com/blogs/images/EE%202006-05-30-2249.png
http://www.enthios.com/blogs/images/EE%202006-05-26-0627.png
http://www.enthios.com/blogs/images/EE%202006-05-26-0622.png
http://www.enthios.com/blogs/images/EE%202006-05-25-0652.png
http://www.enthios.com/blogs/images/EE%202006-05-25-0647.png
http://www.enthios.com/blogs/images/EE%202006-05-24-2222.png
http://www.enthios.com/blogs/images/EE%202006-05-23-2257.png
http://www.enthios.com/blogs/images/EE%202006-05-23-0622.png
http://www.enthios.com/blogs/images/EE%202006-05-22-2153.png
ER2 opened right at the VPC so no Universal trade is possible.However one could take short or long trades away from the VPC with increased risk.http://www.enthios.com/blogs/images/EE%202006-05-22-0635.png
http://www.enthios.com/blogs/images/EE%202006-05-22-0625.png
http://www.enthios.com/blogs/images/EE%202006-05-19-0859.png
This shows the Fibonacci targets.You can see that the 1.618 target was hit, leading to a Wave 4 retracement.If prices move on up, look for the Wave 5 target (shown here with the 3rd blue arrow) at or above Fib 2.236.http://www.enthios.com/blogs/images/EE%202006-05-19-0834.png
http://www.enthios.com/blogs/images/EE%202006-05-19-0827.png
http://www.enthios.com/blogs/images/EE%202006-05-19-0625.png
http://www.enthios.com/blogs/images/EE%202006-05-17-1405.png
http://www.enthios.com/blogs/images/EE%202006-05-16-0835.png
http://www.enthios.com/blogs/images/EE%202006-05-16-0716.png
http://www.enthios.com/blogs/images/EE%202006-05-15-1400.png
http://www.enthios.com/blogs/images/EE%202006-05-11-1343.png
http://www.enthios.com/blogs/images/EE%202006-05-11-1131.png
Note here we have two long signals generatedby the Universal. The first one is likely stopped out depending upon your stops. We do not yet have an optimized stop for recommendation.If you are still long, then you would simply add to your position at the second long signal, which occurs at the next lower Virgin Point of Control (VPC), as shown here.http://www.enthios.com/blogs/images/EE%202006-05-11-0941.png
http://www.enthios.com/blogs/images/E2006-05-11-0847.png
http://www.enthios.com/blogs/images/E2006-05-11-0802.png
http://www.enthios.com/blogs/images/E2006-05-11-0700.png
http://www.enthios.com/blogs/images/E2006-05-11-0653.png
http://www.enthios.com/blogs/images/E2006-05-10-1234.pnghttp://www.enthios.com/blogs/images/E2006-05-10-1148.png
http://www.enthios.com/blogs/images/E2006-05-10-0758.png
http://www.enthios.com/blogs/images/E2006-05-10-0637.png
http://www.enthios.com/blogs/images/E2006-05-10-0634.png
http://www.enthios.com/blogs/images/E2006-05-10-0630.pnghttp://www.enthios.com/blogs/images/E2006-05-09-1214.png
http://www.enthios.com/blogs/images/E2006-05-09-1043.png
http://www.enthios.com/blogs/images/E2006-05-09-0841.png
http://www.enthios.com/blogs/images/E2006-05-09-0637.png
http://www.enthios.com/blogs/images/E2006-05-08-1808.png
Long approaching
http://www.enthios.com/blogs/images/E06-05-08_0824.png
Short approaching (as long as it occurs within the Value Range).
http://www.enthios.com/blogs/images/E06-05-08_0727.png
NTR for Monday.Note narrow NTR with stronger support at 774.60
http://www.enthios.com/blogs/images/E06-05-08_0610.png
Market gapped above the previous high point of control, so the Natural Trading Range forFriday will be upside only.http://www.enthios.com/blogs/images/E06-05-05_0624.png
http://www.enthios.com/blogs/images/E2006-05-04-0617.png
http://www.enthios.com/blogs/images/E2006-05-03-1450.png
http://www.enthios.com/blogs/images/E2006-05-03-1213.png
http://www.enthios.com/blogs/images/E2006-05-03-1147.png
http://www.enthios.com/blogs/images/E2006-05-03-1119.png
http://www.enthios.com/blogs/images/E2006-05-03-1116.png
http://www.enthios.com/blogs/images/E2006-05-03-0709.png
NTR for Wednesday
http://www.enthios.com/blogs/images/E2006-05-03-0619.png
cover 1/2 @ keltner
http://www.enthios.com/blogs/images/E06-05-02_1157.png
short @ vpc
http://www.enthios.com/blogs/images/E06-05-02_1138.png
Short signal approaching at yesterday's VPC
http://www.enthios.com/blogs/images/E06-05-02_0639.png
Natural Trading Range for Tuesday, May 2
http://www.enthios.com/blogs/images/E06-05-02_0624.png
http://www.enthios.com/blogs/images/E2006-05-01-1026.png
http://www.enthios.com/blogs/images/E2006-05-01-0742.png
http://www.enthios.com/blogs/images/E2006-05-01-0623.png
short @ vpc
http://www.enthios.com/blogs/images/E06-04-28_0718.png
Short signal approaching: note ES and ER are back in synch.
http://www.enthios.com/blogs/images/E06-04-28_0651.png
Note the ES and ER are in opposition this morning; that is, ES is near a VPC high looking for a short, and ER is near a VPC low, looking for a long.http://www.enthios.com/blogs/images/E06-04-28_0606.png
NTR for Friday.Note we will not be in the trading room today.
http://www.enthios.com/blogs/images/E06-04-27_2328.png
short signal approaching (missed first time by 0.4)
http://www.enthios.com/blogs/images/E06-04-27_0812.png
Short signal approaching
http://www.enthios.com/blogs/images/E06-04-27_0709.png
Long signal approaching at previous VPC
http://www.enthios.com/blogs/images/E06-04-27_0649.png
Natural Trading Range for Thursday
http://www.enthios.com/blogs/images/E06-04-27_0628.png
http://www.enthios.com/blogs/images/E2006-04-26-1305.png
http://www.enthios.com/blogs/images/E2006-04-26-1220.png
http://www.enthios.com/blogs/images/E2006-04-26-0853.png
http://www.enthios.com/blogs/images/E2006-04-26-0622.png
http://www.enthios.com/blogs/images/E2006-04-25-0622.png
http://www.enthios.com/blogs/images/E06-04-24_0948.png
exit 1/2 @ keltner
http://www.enthios.com/blogs/images/E06-04-24_0850.png
Long @ vpc
http://www.enthios.com/blogs/images/E06-04-24_0832.png
Long signal approaching at VPChttp://www.enthios.com/blogs/images/E06-04-24_0646.png
Natural Trading Range for Mondayhttp://www.enthios.com/blogs/images/E06-04-24_0617.png