Swing Trading and Market Timing Knowledgebase

By: John Crane, swing trading guru

Technical Indicators

There are so many technical tools available to traders today it can become confusing and make it easier to jump from one new indicator to the next, in an effort to find the one just right for them.  New technology has made it easy to develop and test new indicators and has led to a surge of new systems available to the public.  It was widely anticipated that new technology would open up the floodgates of prosperity to whoever was willing to pay the price for the system.  However, the floodgates did not burst open. The computer made it easier, but not necessarily better.

The computer should be used as a tool to provide the information in the format you prefer, but it is not a substitute for experience and futures market timing knowledge. To be a successful trader, you need to get back to the basics and learn the characteristics of the futures market timing. All futures markets display certain inherent behavior. Learning to identify and exploit this behavior is essential in becoming a successful trader. It enables you to anticipate the futures market’s movement and react in a purposeful way.  Just like any other business, trading offers rewards to those who are willing to work hard, learn the futures markets and anticipate and react to changes quickly. Just as in business, traders who still look for the easy way to riches end up losers.  I firmly believe that a trader will only experience real success if he learns the skills to trade, not from buying the latest system.

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**THE RISK OF LOSS IN TRADING CAN BE SUBSTANTIAL. YOU SHOULD, THEREFORE, CAREFULLY CONSIDER WHETHER SUCH TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER OR OVER-COMPENSATED FOR THE IMPACT IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT.NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES.

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