DiNapoli Trading Blog

Memory Footprints, CPU Usage and Trading Software

Jason Bone — Thu, 25 Aug 2011 11:15:20 +0000

One of the things I am known for amongst trading colleagues and students is tweaking my trading system. There are two kinds of tweaking – good and bad. Good tweaking serves your trading and makes things run smoother. Bad tweaking breaks things and makes you unhappy!

One thing I don’t tweak (well not too . . . Read More: Memory Footprints, CPU Usage and Trading Software

Adaptability in trading

Jason Bone — Mon, 01 Aug 2011 10:29:39 +0000

The summer time is always a good time to bring up this particular topic – Adaptability. It has many connotations in trading but it becomes even more relevant when markets are thin and illiquid as is often the case over the summer months.

The character of markets changes all the time. Even within individual . . . Read More: Adaptability in trading

Travel and backup

Jason Bone — Wed, 20 Jul 2011 17:19:35 +0000

I have been very busy of late with both market and non-market stuff. One recent trip required me to take as much of my trading on the road as possible. This gave me the chance to really test out some features of my software that I had not made much use of in the . . . Read More: Travel and backup

You may pass me but you’ll never outlast me!

Jason Bone — Tue, 07 Jun 2011 16:47:10 +0000

Around 6:30 this morning, I was walking to the trading room and happened to pass a parked car with a lot of stickers in the back window. One in particular caught my attention and immediately made me think of a trading parallel. The particular car I shall not name but they have been around . . . Read More: You may pass me but you’ll never outlast me!

Gold still hovering at long-term resistance levels

Jason Bone — Sat, 21 May 2011 12:29:32 +0000

The bull market in gold is certainly no secret to anyone! There has been massive strength in this market. To take a quick step back, here is an up-to-date quarterly chart showing the strong XOP resistance level that was projected more than 10 years ago. Given the timeframe of these numbers and signals I . . . Read More: Gold still hovering at long-term resistance levels

Gold Update

Jason Bone — Wed, 06 Apr 2011 06:45:03 +0000

Back in September last year I did a blog post with an outlook for higher gold prices – click here for the original post. At that time gold was trading around 1250 and we are now some $200 higher and approaching major resistance levels.

This up-to-date quarterly chart . . . Read More: Gold Update

Cable continued – be prepared to change your mind

Jason Bone — Wed, 30 Mar 2011 06:26:42 +0000

Last week I posted a follow-up on Cable and my conclusion – at that time – was to stick with my earlier analysis. The market has shown its hand since and as with any trader deploying a judgemental trading approach I must be willing and able to change my mind if presented with a . . . Read More: Cable continued – be prepared to change your mind

Cable follow-up

Jason Bone — Wed, 23 Mar 2011 07:34:25 +0000

Back in early February I posted a short note with a monthly chart on GBP-USD and hinted at the picture I saw on the weekly chart and how this might lead to higher prices for cable. We are a small amount higher now and I see no . . . Read More: Cable follow-up

Stock trade on BSX – standard context and entry example

Jason Bone — Wed, 23 Feb 2011 06:48:17 +0000

Here is a quick summary of a stock trade carried out according to the standard DiNapoli trade plan. Ticker BSX came up on some scans I had been running a couple of weeks back so I started with the monthly picture:

Monthly uptrend, cleaned out some longs so I take a look . . . Read More: Stock trade on BSX – standard context and entry example

Special situations or hit n run trades

Jason Bone — Mon, 14 Feb 2011 10:05:40 +0000

I recently had an example of what I call a hit n run trade. Sometimes there are charts that come up in scans and you see a special situation in play. For me, a special situation is any kind of market action that will provide me with a market bias but does not fall . . . Read More: Special situations or hit n run trades

Cable monthly chart and outlook

Jason Bone — Wed, 02 Feb 2011 07:14:45 +0000

Below is my current monthly chart of GBP-USD showing the location of key resistance areas I am looking at. The way cable is lining up on the weekly chart I think there is a good chance of taking out the 2009 highs. Experienced traders will always include consideration of how other market participants are . . . Read More: Cable monthly chart and outlook

Long-term soybean outlook

Jason Bone — Mon, 24 Jan 2011 09:51:12 +0000

I thought for this post we would look at some long-term charts of Soybeans. I do not trade Beans short-term but sometimes look at longer-term positions so here are a couple of charts from my current analysis.

First up is the monthly continuous (click to enlarge). Strength is plain to see and I have . . . Read More: Long-term soybean outlook

One way of using the detrended oscillator

Jason Bone — Mon, 10 Jan 2011 09:56:31 +0000

I had a recent email exchange with a trader regarding the use of the detrended oscillator for overbought/oversold analysis and I realised some of the details in my response could be useful to many blog readers as well.

In the book Trading with DiNapoli Levels, there is a very effective discussion on the . . . Read More: One way of using the detrended oscillator

Know where you belong

Jason Bone — Fri, 17 Dec 2010 10:37:49 +0000

I think one of the most ignored and yet critically important aspects of trading and learning to trade is knowing where you belong. This sounds a bit like a quest for the meaning of life so I’ll clarify what I mean by that phrase:

Know your timeframe – what is suitable, what is . . . Read More: Know where you belong

24 hour trading markets and their effects on charts

Jason Bone — Thu, 02 Dec 2010 09:39:10 +0000

Everything seems to be available to us 24×7! Insomniacs can buy fresh fruit ‘n’ veg at 2 in the morning while haunting the aisles of their local supermarket and shoppers can get their retail fix night or day while driving their mouse and keyboard across the internet wearing their slippers.

For some time the . . . Read More: 24 hour trading markets and their effects on charts

Office moves and thoughts on software setup

Jason Bone — Tue, 23 Nov 2010 12:00:43 +0000

This week I am moving my trading room to new premises. The current building is being sold for residential re-development. I am excited about going into a new location but will also miss the character of the current place – it is a Victorian prison cell in an original magistrates court building and was . . . Read More: Office moves and thoughts on software setup

Why Buying at a Favourable Trade Location is so important

Jason Bone — Wed, 22 Sep 2010 17:12:04 +0000

Below are three key benefits of buying and selling at what I deem to be a favourable price location:

reduced pain and frustration
flexibility
increased comfort

Now they all sound like nice things to have but what do they have to do with trading the markets?

Here is a statement that I . . . Read More: Why Buying at a Favourable Trade Location is so important

Gold – long term outlook

Jason Bone — Wed, 01 Sep 2010 08:24:56 +0000

Gold is at a critical point for the long term picture. We have discussed this in the DiNapoli Forum of late and it looks like decision time is nearly upon the gold market. The following chart is a quarterly of gold futures going back to the 70s. During the years and decades since, Gold . . . Read More: Gold – long term outlook

Accounting, taxes and summer markets

Jason Bone — Wed, 18 Aug 2010 09:39:14 +0000

The last couple of weeks have been spent obsessing over accounting and taxes and a lot less trading in these tricky summer markets.

- Accounting is done. - Taxes are done. - Summer markets are still with us a bit longer.

What I call summer markets can be dangerous for traders both experienced and . . . Read More: Accounting, taxes and summer markets

New look for DiNapoli Trading blog

Jason Bone — Tue, 10 Aug 2010 16:44:08 +0000

The new blog platform is up and running. All feeds have been automatically re-directed so no action is required on the part of existing blog followers.

Apart from the different look and layout of the blog, a major new feature is the option to subscribe for Email updates as well as the RSS feed. The . . . Read More: New look for DiNapoli Trading blog

Wednesday Note – Software and Scans

Jason Bone — Wed, 07 Jul 2010 17:07:38 +0000

Recently I have been spending a decent chunk of time fine-tuning filters and scans for my stock trades. These are mostly directional plays on the daily and higher timeframes. While going through the results this morning it reminded me just how useful our software and tools can be – when set up in the . . . Read More: Wednesday Note – Software and Scans

Monday Note 2 – Gold

Jason Bone — Mon, 05 Jul 2010 16:36:03 +0000

I have been going through some long term charts and I notice that Gold currently has an unconfirmed MACD Predictor sell signal on the weekly – chart above. This could be a significant event for gold prices over the coming weeks and could see us visiting the low 1100s again.

. . . Read More: Monday Note 2 – Gold

Monday Note – Holiday Markets

Jason Bone — Mon, 05 Jul 2010 13:40:03 +0000

With the holiday in the US today, things are understandably quiet in the markets and I am spending a good amount of time looking at longer term opportunities. The stocks watchlist is getting quite big even with the filtering I do – this includes filtering on price, volume, spread-bet margin, overbought, oversold, and thrust. . . . Read More: Monday Note – Holiday Markets

Double Repo Example

Jason Bone — Wed, 30 Jun 2010 16:12:21 +0000

Here is a good example of one of the powerful patterns that are used by DiNapoli traders: the Double Repo or DRPO for short. It is a specific and defined signal that gives a high-probability trade opportunity at a market top or bottom. . . . Read More: Double Repo Example

Friday Note – Standard Private Seminar

Jason Bone — Fri, 25 Jun 2010 14:22:18 +0000

I just noticed it is over a week since I last posted to the blog! Time really zips past when you have your head down. Nothing major to report on the trading front. I am gearing up for a standard private seminar this coming Sunday and Monday which should be a lot of fun. . . . Read More: Friday Note – Standard Private Seminar

Thursday Note – B&B Trade Update

Jason Bone — Thu, 17 Jun 2010 16:04:01 +0000

Today (US stock) TLAB showed some downward momentum and started breaking support levels as it went. I have turned the B&B trade into a “beach trade”. The stop is at break-even and the market will do what it will do! (Edit: as I finish up this post, the stock is 1 cent away from . . . Read More: Thursday Note – B&B Trade Update

Wednesday Note – Early Update

Jason Bone — Wed, 16 Jun 2010 15:08:23 +0000

An earlier post today because I am off to a local motorcycle show. Weather looks like it is going to be very good too!

The B&B short in TLAB is still in play. I managed to catch a wash & rinse in action during the day when my original entry order filled so I . . . Read More: Wednesday Note – Early Update

Monday Note

Jason Bone — Mon, 14 Jun 2010 16:21:11 +0000

The B&B setup in TLAB that I mentioned last week has filled today – see chart. Will be good to watch this one play out as it is one of the key directional patterns in the DiNapoli method. This setup is a look-a-like pattern due to . . . Read More: Monday Note

Wednesday Note – B&B setup from the stock scans

Jason Bone — Wed, 09 Jun 2010 14:45:32 +0000

Today has been slow for personal reasons but I have got an active stock on the watchlist setting up a possible B&B on the daily chart shown above. B&B stands for Bread & Butter and is one of our powerful directional patterns. I have entry . . . Read More: Wednesday Note – B&B setup from the stock scans

Tuesday Note

Jason Bone — Tue, 08 Jun 2010 15:52:53 +0000

So after yesterday’s session feeling a bit behind the curve, today has seen much more focus and better feel for the flow of the market. It hasn’t been an easy session by any means but has had some good opportunities and I have taken advantage of some of them.

. . . Read More: Tuesday Note

Monday Note – Behind the curve

Jason Bone — Mon, 07 Jun 2010 16:21:20 +0000

I have been consistently behind the curve today. I have had great context analysis and overall market direction (FTSE index intraday) but poor trade entries and poor trade management. I have been pretty hard on myself earlier this afternoon but it did some good. After a good rant in my private journal (that’s the . . . Read More: Monday Note – Behind the curve

Friday Note

Jason Bone — Fri, 04 Jun 2010 13:37:05 +0000

This week has been frustrating with some major non-trading issues to take care of which have made it hard to keep in the market flow – though there hasn’t always been much of one with a lot of conflicts between timeframes with trends chopping and changing. Thankfully, the non-trading stuff is sorted now and . . . Read More: Friday Note

Getting back in the saddle

Jason Bone — Tue, 01 Jun 2010 16:01:19 +0000

First day back in the trading room after a brilliant break away from the markets and the treadmill. So refreshing what time away can do to your spirit – especially when the company and environment is so nourishing.

Most of today taken up with admin and getting things back in order – paperwork, updating data . . . Read More: Getting back in the saddle

Time well spent

Jason Bone — Thu, 20 May 2010 08:00:00 +0000

A couple of weeks back, I had a trading friend and student with me for 2 days of one-on-one training in my trading room. It was a demanding yet very gratifying couple of days and I consider it time very well spent. Some of the stuff we covered:

Working closely with him on . . . Read More: Time well spent

Fibonacci sensitive market in action

Jason Bone — Wed, 19 May 2010 14:26:42 +0000

Something that I always look for in my trading is a market that is exhibiting what I call fib sensitive price action. That is a market that is responding well to my trading techniques and respecting the correct price levels as defined by my approach.

The attached chart (click . . . Read More: Fibonacci sensitive market in action

Welcome to the DiNapoli Trading Blog

Jason Bone — Sun, 16 May 2010 07:00:17 +0000

Welcome to the DiNapoli Trading blog. New posts are added every one to two weeks and cover recent trades as well as tips, tricks and strategies I use to research and trade the markets.

. . . Read More: Welcome to the DiNapoli Trading Blog