5 Steps To Creating & Maintaining A Robust Trading System

In our recent webinar, we showed our approach to building trading systems. We went over a five step process starting with observation and hypothesis, transitioning to testing and verification, and finally, monitoring system performance. Following these steps is key for creating creating and maintaining a robust trading strategy. Check out our webinar recording here: Video Outline: As…

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Trading with Multiple Time Frames

In our last webinar we went looked at how the LizardTrader Leading Indicators can be used in multiple time frames. By finding price action setups that align with key support and resistance levels in higher time frame charts, we may increase your odds for profitable trading. By checking out the webinar recording, you will learn:…

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Three Types of Reversal Bars

This post will explain differences between reversal bars and spike bars. We’ll also outline the characteristics of three types of reversal bars and look at how to best use them together with key support/resistance levels. Characteristics of Reversal Bars As with spike bars, reversal bars show us price rejection at a certain level. However, whereas…

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Trading Spike Bars with Key Support and Resistance

This post will outline the characteristics of spike bars and how to distinguish between a high and average probability spike bar setups. Specifically, we’ll look at how to trade spike bars together with key support and resistance levels. The spike bar pattern is an effective tool for identifying reversals and is part of our new tool, the…

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Using Rolling Pivots and VWAPs as Trend Filters

We‘ve all heard the saying that “the trend is your friend, until it isn’t”. There are many ways of defining it, but the easiest is simply comparing a number of recent highs and lows. An uptrend will have higher highs and higher lows, a downtrend lower highs and lower lows whereas a set of horizontal…

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Globex vs. Floor Pivots

When working with Session Pivots, we often get the question: “Should I use Globex or Floor Pivots?” The short answer to this is that both Globex pivots (ETH) and floor pivots (RTH) can be used for most instruments. Still, there are some exceptions where either ETH or RTH pivots do not make sense. In the case of…

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Why you don’t need to update your Session Template now

As of yesterday, index futures and NYMEX traded instruments now close at 4:00 PM Central, 15 minutes earlier than previously. Generally, we want to adapt our NinjaTrader session templates to the contractual trading times of the market. However, when market hours change, we need consider which is the appropriate session template. This will in part…

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Trading Strategy Workshop

Last week we held a strategy workshop on trading with leading indicators. During this webinar we went over a step-by-step process to qualify the type of parameters needed for a profitable trading system. We then showed how Bloodhound by Shark Indicators can be used to identify trade setups. If you’re not currently a LizardTrader or Bloodhound user, this webinar will…

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Volume-weighted Standard Deviation Bands

Bollinger Bands are well known and often used to identify overbought and oversold market conditions. This is done by adding a simple moving average (SMA), and standard deviations bands to a chart. The idea is that about 95% of the trading volume should be within the standard deviations if prices are normally distributed. But prices are not normally distributed.…

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What’s in a name: LizardTrader vs. LizardBrain

The idea for the LizardTrader name came up following a discussion about the Lizard Brain. It is a popular name for a part of our brain called the Amygdala, thought to perform a primary role in the processing of memory, decision-making, and emotional reactions. Specifically, this is where instincts and gut feelings originate. In recent…

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