Drum Roll Please...

Dear TradingMarkets Members....

Drum roll please.....

I am very pleased to announce the arrival of two new contributors to TradingMarkets.com...Don Miller and David Floyd.

David Floyd is a professional daytrader who specializes in trading big cap S&P stocks using the S&P Futures as a leading indicator. A partner in a proprietary trading firm San Diego, David will be providing his pre-opening commentary at 9:15 AM ET in his new column "David Floyd's Traders Edge." David's column will be starting on Tuesday. If you want get a good feel for his strategy, check his recent interview in "Meet the Traders."

Don Miller is also a professional daytrader, but he focuses on trading the QQQs. Like David, Don was also recently profiled in "Meet the Traders." Don uses the Nasdaq futures and assorted indicators to help him time entries into the QQQs. He'll focus on the action of the QQQs in his new column "Don Miller's Trading the QQQs." Don's mid-day column will be starting on Thursday at 1:30 PM ET.

Both Don and David will be sharing their strategies at TradingMarkets2001.

By the way...make sure you sign up early for TM2001 in order get more chances to play basketball with Larry Bird!

This Pattern Identifies Tops, But Make Sure You're Doing It Right

A year ago, I kept my distance from candlestick charts. But now that's changed. I am a convert. Three people have been instrumental in helping me to see the light. Tsutae Kamada, Goran Yordanoff, and now...in this new trading lesson...Carolyn Lueck.

Carolyn describes one of her favorite candlestick patterns in her lesson "How I Stalk And Pounce On Evening Star Formations.". The Evening Star is a pattern you use to help you identify a potential top. There are several nuances to this pattern that are not likely to be well known among the general public. 

• The way the pattern sets up gives you an idea of the probability that a significant top will form. 
• It gives you a clear idea where the resistance lies
• There is a clear price level where the pattern is negated, thus a potential level for your initial stop

As with Kamada and Goran, Carolyn is very careful to consider the overall context in which the pattern shows up. Through examples, you'll get an understanding of when the Evening Star is going to be of great use.

Have your been read Carolyn Lueck's commentaries? Yeah, she's on only once a week, but I've gotten a lot insights her because she's looking at the market from an angle that's different from what I'm used to. 

Goran Yordanoff Finally Spills His Guts On Yanni

"All weakness is weakness of the Will"--Nietzsche

Outspoken, controversial, extreme, brilliant, demented, passionate, moronic....all these adjectives and more have been used to describe Goran Yordanoff. You've read his commentaries and you know he's got an opinion--a very strong opinion--about practically everything, including the markets. Many veteran traders will tell you that having a strong opinion forces you to fight the market and, ultimately, suffer severe repercussions. But give the man credit. The thought process he displays for all the world to see in his column is the same one he has used to produce a phenomenal track record over the past three years.

In TradingMarketsWorld's newest feature, we peel away the layers of Goran's public persona and find out...that he's basically the same in his private life. In the process, you hear more of Goran's opinions about the market, retails stocks, professional sports, music, and more. Goran Yordanoff...no holds barred. 

Like These Two Proven Strategies? They're Even Better Combined!

One of the most important, yet simple concepts that traders can take advantage of is to combine two valid, but non-correlated indicators, for more reliable, powerful signals. The part that neophyte traders stumble over, however, is...what's "non-correlated" mean? Not understanding this, they'll take a stochastic oscillator, slap on top of it MACD, and then for the kicker--add RSI. They'll think they can't miss with these three oscillators combined, not realizing that they're all price derived and therefore highly correlated. 

Now, however, Greg Che is going to give you a great demonstration of "Combined Indicators" done right. But first, let me tell you who Greg Che is. Greg is a trader and private money manager who just happens to be doing advanced research on volatility with Larry Connors. At TradingMarkets2001, he'll be showing you new market timing strategies that he and Larry have spun off from major refinements in the Connors VIX Reversal Model.  

In Greg's lesson "Combining Fibonacci Ratios With Connors VIX Reversals," he shows you how you can potentially improve your market timing accuracy by overlaying Carolyn Boroden's Fibonacci concepts on top of Connors VIX Reversal signals. When you see the recent examples that Greg shows you, you'll be impressed. 

Besides boosting your odds, the other thing that combining these two tools does is give Carolyn's Fibonacci a good directional bias. While I know that Carolyn often has some opinion of direction in her commentary, the VIX tacks on a good confirmation to it. So Greg, are you up to a guest appearance in Carolyn's Chat Room?

Confessions Of Point And Figure Addict

You learn so much being Editor-in-Chief of TradingMarkets.com. Here is a case in point. Not long ago, I thought Point and Figure Charting was antiquated, obsolete, and a complete waste of time. That is, until I met Daniel Beighley, who has been position trading for five years--full-time for two. Daniel is as well-versed in trading platform technology as anyone I know. I've watched him in action. He's a good trader. One of the methodologies he uses is Point and Figure.

This week Daniel Beighley gives a lesson introducing the basics of Point and Figure Charting in his lesson "Point and Figure: A Not So Lost Art." In Daniel's own words, here's what the Point and Figure technique does for you.

This simplistic form of technical analysis is used to filter out insignificant moves in the market. By eliminating the insignificant movement found on daily charts, point and figure charting gets to the heart of what really happened between the bulls and bears. In this lesson you will learn to:

• Stay focused on long-term developments.

• Eliminate the insignificant ‘noise’ found on bar charts.

• Make support and resistance levels easier to recognize and interpret.

• Gain a better understanding of how time affects your chart analysis.

• Adjust your charts to your own criteria.

Once people become familiar with the Point and Figure technique they often become hooked. In fact, I am well on my way toward becoming a junkie myself. 

In addition to the Trading Lessons described above, please see our latest Trading Advisor. As always, if you'd like your trading questions answered, please send them to questions@tradingmarkets.com. Send any suggestions, recommendations and other input to suggestions@tradingmarkets.com.

Feeling off the wall? Send submissions for "Genius of the Day" to genius@tradingmarkets.com. Send your "What Do You Think?" ideas to poll@tradingmarkets.com.

Have a great weekend,

Eddie Kwong
Editor-in-Chief
TradingMarkets.com