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June 12, 2020

Volatility Reports 6/12/20 Hedge Systems Status On

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June 11, 2020

Volatility Reports 6/12/20

Looking back at the mini climatic low compared to the sell-off Thursday

Headline from contrary Thinker May 27, 2020 “late bear rally into panic buying and we pointed out that the “World Market’s recovery looks old and feeble,” based on our volatility models leading indication a Technical Event #3. That was eight trading days before the nominal price high and pivot.

In turn on Thursday the 11th the lower gap open left an island of buyers from June 6 through June 10, who will not be happy campers waiting to break even. All Contrary Thinker subscribers are aware of the time frames outlined to a peak in June. Whether it is a primary peak and the market only produces a failed rally or it makes a new recovery high before the onset of the next bear market leg is academic. From an investment, trading, and capital preservation point of view, the sell-off yesterday did not make a Short-Term (S-T) low.

That brings me to the main point of this issue, how to pinpoint high probability lows.  What I call “low risk.”

From right to left, you can see the three main indicators set up the low. The daily bar as early as February 19 made a mini panic S-T low. TEM reached a TE#1 and the panic index reached an extreme above 70.  That panic was the kickoff of the larger decline and provided a respite for a few days.

However, the weekly bar was not in gear with that low.  It is easy to see the same three indicators provide an extremely low signal in the last two weeks of March. TEM hit a TE#1 (%C below 40 and HV above 60) and the Panic index was above 70.  The monthly bar for March confirmed the low with its own TE#1 and a Panic reading at 70.

At that point you can go back to the daily bar and see the Panic index move back above 70 and a new TE#4, suggesting a change of trend condition from attending to range expansion.

When you look at Thursdays sell-off, there is no sign of a S-T low. The market peaks in low volatility TE#3 and has not provided a fresh event and the panic index is below 70. There is more decline to come.

A sidebar here, I have many long term clients that are very good trading and know these inside methods.  I missed this big tradable low. For two reasons, one is a tested low is ideal along with the above and that did not happen. Two I was 101% focused on the hedge program which did very well netting over 100k on 900k from February 24 to March 16. Once disengaged I was looking to do it again, which was partially put on for a few days with mixed results but no drawdown.

That decline, which we expected along with the amount of risk – expecting a 50% decline – hit fast, it was extraordinary, not leaving even the best hedger time to catch his breath. Part of my vision for Contrary Thinker was upscale communications, your input is something I listen to, keep me on my toes, I will appreciate your feedback.

One of the hedge fund masters I admire and work to simulate is Standley Druckenmiller. He missed the “V” shaped bottom as well. BOA moved their targets for the S&P higher after admitting on CNBC they missed the low.  Well, that may put me in good company but I would rather be right and I would rather provide the best advisory to my membership.  

Here is a short curated article on the Zero Hedge site about Stanley.

Lastly, heads up, hedges are going back on Friday or Monday. More on that and strategies in a private memo to full members only. New TradeStation workspaces that I use for the hedge program are going up before the open today. 

 

Great and Many Thanks,

Jack F. Cahn, CMT

A Thinking Man’s Trader Since 1989,

Copyright 1989-2018

Contrary Thinker 1775 E Palm Canyon Drive, Suite 110- box 176 Palm Springs, CA 92264 USA. 800-6183820 or 25/1 Poinsettia Court Mooloolaba, QLD Australia 4557 614-2811-9889

— Contrary Thinker does not assume the risk of its clients trading futures and offers no warranties expressed or implied. The opinions expressed here are my own and grounded in sources I believe to be reliable but not guaranteed.

— Pricing is subject to change without notice.  My indicators and strategies can be withdrawn for private use without notice, at any time.

— Contrary Thinker does not refund policy; all sales are the finale.

Trading futures and options involve the risk of loss. Please consider carefully whether futures or options are appropriate for your financial situation. Use only risk capital when trading futures or options

NO WARRANTY / NO REFUND. Contrary Thinker   MAKES NO WARRANTIES, EXPRESS OR IMPLIED, On ITS PRODUCTS AND At this moment EXPRESSLY DISCLAIMS ANY AND ALL IMPLIED WARRANTIES OF FITNESS FOR A PARTICULAR PURPOSE. IN NO EVENT SHALL CBI BE LIABLE FOR ANY DIRECT, INDIRECT, SPECIAL, OR CONSEQUENTIAL DAMAGES IN CONNECTION WITH OR ARISING OUT OF THE PERFORMANCE OR USE OF ANY PORTION OF ITS PRODUCTS

June 10, 2020

Monetary and Political Policy Blurred

Presidential Election Polls Preceding the Election will Predict the Stock Market, and all the polls are firming up going into the summer. Today it looks like a landslide favoring Biden, and because the Fed and Treasury are in Trump’s Pocket the Markets are now political and they (fed banks) will dump their holdings to protect themselves as it becomes clear the polls are right.

Today’s money is different because

  1. Unlike the pre-neo-liberal era when there was an industrial nation with workers, times have changed. According to Australian “MISES WIRE ” When the advanced nations had strong industrial cores, the periodic expansions of credit and their subsequent sudden contractions led to observable booms and busts in the classical sense, since the production of labor-intensive consumer goods dominated production overall.” Full Article 
  2. When the neo-liberals – including Reagan, Thatcher and Clinton –  liberated financial controls in the mid-eighties, London’s Big Bang, and the repeal of America’s Glass-Steagall Act of 1933, it allowed commercial banks to fully embrace and exploit investment banking activities.

 

Gold is for toss-up states updated 6.11.20 

His key points are if the Fed couldn’t exit from the extraordinary monetary policy it launched in 2008 or 2018, how does anybody expect it to exit from the extraordinary monetary policy on hyperdrive that it is engaged in now?

Federal Reserve Chairman Jerome Powell even admitted that the central bank has “crossed a lot of red lines,” but he insisted he’s comfortable with the actions given “this is that situation in which you do that, and you figure it out afterward.”  That is growing caution to the wind, for the market. 

But now enter politics at best and maybe corrupt politicians, the arm twisting began during the 2018 mid-terms. Donald Trump likes low interest rates, and he doesn’t hesitate to let the world know. And to the point, let the Federal Reserve chair, Jerome Powell—know about it.  Trump has publicly intimated the firing of Powell if he doesn’t get the message. Moreover, the White House press said Trump privately suggested that Powell wanted to “turn him into a Hoover. This did not stop until March 10, when Powel was still focused on combatting inflation and a bubble. No Pressure hey?

As a side note, there has been a long term debate if the Fed favors the banks and wall street not the public and the economy, with their focus on inflation. The logic of which ends with the conflicting goals of finance and the economy, banking vs workers.

Since 1980 it has been a balancing act but the diminishing bargaining power of workers resulting in the widest gap between the mega-wealthy and the poor being the greatest on the globe. It is this more recent rising economic inequality that is being called the second Gilded Age.

(The Gilded Age is defined as the time between the Civil War and World War I during which the U.S. population and economy grew quickly, there was a lot of political corruption and corporate financial misdealings and many wealthy people lived very fancy lives.)

The conflict as pointed out above is when the Fed raises interest rates, job creation declines, and the ability of workers to obtain their fair share of economic growth is undercut. A monetary policy that is accountable to working people would likely be less accepting of unemployment and more tolerant of potential inflation.

But the jawboning did not end with Powel, on March 17th  Trump told the Treasury to go big. According to the Times, “We want to go big,” Mr. Trump said at a news conference at the White House, adding that he had instructed the Treasury secretary, Steven Mnuchin, to introduce measures that would provide more immediate economic support than the payroll tax cut holiday he had been promoting.”

Leading to The U.S. Treasury’s official figure for the debt of the federal government on May 27, 2020, is $25.6 trillion. So how does the government unwind its portfolio?  How is the debt resolved?  Taxes? Devaluation of the currency?

Here are the market facts, since 1900, the direction of stock prices in the two months prior to Election Day has predicted the winner 89.3% of the time- that would be from September. However, Sam Stoval at S&P did the same study and found “Looking at S&P 500 prices since 1900, he found that the market action between July 31 and October 31 has correctly forecast the outcome of the presidential campaign 82% of the time.”

So the change of political regime discounting begins in July. It did so in 2016 have a look. However, the work we did and published here show peaks happening in the current time frame.

Great and Many Thanks,

Jack F. Cahn, CMT
Contrary Thinker since 1989,
Copyright 1989-2020

Contrary Thinker 1775 E Palm Canyon Drive, Suite 110- box 176 Palm Springs, CA
92264 USA. 800-618-3820 or 25/1 Poinsettia Court Mooloolaba, QLD Australia 4557 614-2811-9889

— Contrary Thinker does not assume the risk of its clients trading futures and offers no warranties expressed or implied. The opinions expressed here are my own and grounded in sources I believe to be reliable but not guaranteed.
— Pricing is subject to change without notice. My indicators and strategies can be withdrawn for private use without notice, at any time.
Trading futures and options involve the risk of loss. Please consider carefully whether futures or options are appropriate for your financial situation. Use only risk capital when trading futures or options

 

June 9, 2020

50-Day Stock Market Rally May Be Just The Beginning of the End

History Suggests Record 50-Day Stock Market Rally May Be Just The Beginning

Popular On Air Advisor says, “History Suggests Record 50-Day Stock Market Rally May Be Just The Beginning The S&P 500 has gained a record 39.6% since it hit its 2020 low back on March 23. Not only has that rally erased much of the year’s COVID-19-related losses, it’s also the best 50-day stretch in the history of the market. After such a strong rally, traders are understandably getting uneasy the market is overbought and due for a pullback. However, from a purely historical perspective, the strongest 50-day periods have generally led to even more gains over the year that follows.”

The analyst concluded that, ” since the S&P 500 was constructed in 1957 that the index has gained at least 20% over a 50-day period. In all seven instances, the index gained at least another 5.2% in the year that followed.”

But he does not do two things, one is go back to cover all the history of the stock market so there is some evidence of back fitting and two he does not say how the market may get there, which is tandemount to the capital managers p&l.

History tells a different story, for one so-called “V” recovery is not a historical record. There are many similar sharp – “V” shaped – and brief recoveries that lived inside of bear markets – like 2000-20003 and 1930-40, lastly making new nominal highs does not make it a new bull market by definition and mostly by its context.

 

2000- 2003

Great and Many Thanks,

Jack F. Cahn, CMT
Contrary Thinker since 1989,
Copyright 1989-2020

Contrary Thinker 1775 E Palm Canyon Drive, Suite 110- box 176 Palm Springs, CA
92264 USA. 800-618-3820 or 25/1 Poinsettia Court Mooloolaba, QLD Australia 4557 614-2811-9889

— Contrary Thinker does not assume the risk of its clients trading futures and offers no warranties expressed or implied. The opinions expressed here are my own and grounded in sources I believe to be reliable but not guaranteed.
— Pricing is subject to change without notice. My indicators and strategies can be withdrawn for private use without notice, at any time.
Trading futures and options involve the risk of loss. Please consider carefully whether futures or options are appropriate for your financial situation. Use only risk capital when trading futures or options

June 5, 2020

MarketMap 2020 Issue #11

“There were so many people who thought we had to retest the bottom,” said Cramer.

The best salesman on Wall Street went on to say, “Billionaire hedge fund investor David Tepper told CNBC in May the stock market is one of the most overpriced he’s ever seen, only behind 1999. Hedge fund manager Stanley Druckenmiller said in May “the risk-reward for equity is maybe as bad as I’ve seen it in my career.”

He was ranting by the end of his morning segment after the Dow was surging 700 points based on the unexpected unemployment numbers that those who waited for a test of the low will be forced to buy now, and there was little or no risk of Convid comeback and the economy should be reopened.

Sounds like Crammer wants his audience to chase the equity curve.

Obviously with the Fed in Trump’s pocket along with the ten big banks following Steven Mnuchin’s lead, only time will tell if the market regime changed as CT predicted back in January 2018 or if the market herd has gained risk immunity.

Well, every cartel cracks sooner or later.  At the end of 2017 I pointed out that the government had painted itself into a corner by using up all the tricks of the trade from QE to tax cuts at a time when it was not needed. Rather it would be needed to provide a soft landing when the next recession hit.

After looking at a Trillion dollars of debt on that basis, the trigger happy Fed and Treasury have dug the hole even deeper, to the extent that the risk is now hyper-correlation from either end of the normal volatility curve.  As we all know, the market does not like instability.

So, here are two historical charts, which puts today’s market in perspective, I think.  The chart on the right is the expanding triangle that formed after the post-WW-II 17-year long bull market consolidated. It began at 1000 on the Dow in 1966 and ended in October – December 1974 (when I joined Stix &Co).  It took another eight years from that low before the next secular bull broke out from the base.

The chart on the left is today’s market reflecting the same pattern and putting it at the beginning of a new bull market that after a rally to test the old highs will fall back into a trading range for the next seven years +/- a few years either way.

However, given that today’s market is likely inside the base building and has not experienced a bear market yet with its economic repercussion it is not likely in avoiding more declines greater than 20%.  The next comparison chart shows features the same expanding triangle of 1976, peaking at 1000 and leading to a bear market exceeding 25%. Note that the rally from the end of the triangle at point (E),[4] was truncated, it failed to make new highs. Given our outlook for a peak in June, this idea should keep hedgers and investors on the front foot.

Today and early next week the tidal systems flip from down to up, hence the down cycle was inverted aka it failed. Today you can see the effects of the cycle turning back up. The window for a peak begins to open June 13, which is a Saturday.  It runs from that date, let us include the 12th into June 22, a Monday.

Contrary Thinker will be looking for its volatility model in that time window for a “no-fear” background that is exploitable and it will be looking for its OB/OS model to be giving out of gear ( as opposed to negative divergences) for a sell signal. Lastly, for strategy engagement, the market will need to be on the right-hand side of a high pivot.

The Short Term TEM on the four primary indices will be posted in the LI Space shortly, for the background.

Great and Many Thanks,

Jack F. Cahn, CMT

A Thinking Man’s Trader Since 1989,

Copyright 1989-2018

Contrary Thinker 1775 E Palm Canyon Drive, Suite 110- box 176 Palm Springs, CA 92264 USA. 800-6183820 or 25/1 Poinsettia Court Mooloolaba, QLD Australia 4557 614-2811-9889

— Contrary Thinker does not assume the risk of its clients trading futures and offers no warranties expressed or implied. The opinions expressed here are my own and grounded in sources I believe to be reliable but not guaranteed.

— Pricing is subject to change without notice.  My indicators and strategies can be withdrawn for private use without notice, at any time.

— Contrary Thinker does not refund policy; all sales are the finale.

Trading futures and options involve the risk of loss. Please consider carefully whether futures or options are appropriate for your financial situation. Use only risk capital when trading futures or options

NO WARRANTY / NO REFUND. Contrary Thinker   MAKES NO WARRANTIES, EXPRESS OR IMPLIED, On ITS PRODUCTS AND At this moment EXPRESSLY DISCLAIMS ANY AND ALL IMPLIED WARRANTIES OF FITNESS FOR A PARTICULAR PURPOSE. IN NO EVENT SHALL CBI BE LIABLE FOR ANY DIRECT, INDIRECT, SPECIAL, OR CONSEQUENTIAL DAMAGES IN CONNECTION WITH OR ARISING OUT OF THE PERFORMANCE OR USE OF ANY PORTION OF ITS PRODUCTS

June 3, 2020

MarketMap 2020 Issue #10

Hope Permeates the Headlines with the
Felling of Back to Normal Conditions

Contrary Thinker has a number of new members and I welcome you on board, please feel unencumbered to ask questions or provide feedback in the private LinkedIn Group. I will send you a user doc on the Volatility Model shortly.

With that in mind, we are not in the business for the transaction and as an advisory, we do not consider opportunity risk, because a loss is hard to makeup – its simple math. Our point of view is the waiting is for low risk – ideal setups – that provide 4 to 1 or better risk-reward.  We did that this year with the collapse in late February into March 23, trading only long volatility systems and aggressive short-selling systems on the indices and crude oil.

Since the low its back into a holding pattern. We prefer the high volatility periods because they are less risky and the setups are direction neutral in some cases.  To make a point by extreme example, volatility can run at either end of the curve, hyper deflation, or hyperinflation.

with that in mind, forecast are just that, scenarios to keep capital managers on the front foot and prepared for what is coming – sooner or later. The forecast also provides risk outlook and market conditions outlook. For example, since 1/23/2018 we have been long term risk-averse and see each rally to new highs as an opportunity to at least raise cash.

Again, and this is not bragging as Contrary Thinker did it, we called the peak in late September 2018 and the most recent peak on February 12 and 19.  As it is a well-known fact throughout the investment community that a top is Harding to isolate than a bottom if you are looking for the master at calling peaks, you are in the right place. I am not talking about nominal highs for bragging rights, rather the low-risk setups to the right-hand side of the nominal peak to get my people positions to take advantage of the decline, to cash in their hard-earned profits.

Contrary Thinker has the guts to point out the low-risk lows, as you will read below; but from a long term point of view, the low on March 23, was not a low-risk low, even though it was a good long side trading opportunity.

Market Map is part of the comprehensive system we use, to pin down dates for changes in trend, and build scenarios. The first featured chart is published several times over the last year to 18 months. It shows one of my cycles calling for a peak late in 2019 and a spill from Mid-February 2020.  The cycle projected the low to happen in April-May. but it happened early,

No harm no foul as the aggressive long volatility systems were disengaged to avoid any whip-saw. action, which is the Achilles heel of our systems.  The long-only VX futures system made 60% over the few weeks, max DD was less than 1%.

18 1/2 year Tidal Cycle

 

Based on the early low and counting forward the next high in the US stock averages is expected in June -August, a time window I will refind here.

Event-Based Cycles

ECBs are tied into historical peaks that had the same seasonal and tidal configurations as the current one under consideration. Both the 1934 and 1966 had similar peaks leading to bear markets after pullbacks in April. Both scenarios have their next high pivot in mid-June followed by steep declines in July and September.

 

Going back 140 years – not showing pre-1920 that are similar- here are three additional late winter peaks but in March with the same tidal configuration.  All three show a tendency to peak in mid to late May to Mid June and collapse into July and September, like the above chats that peaked in February.

 

The suggestion is that a peak – be it at new highs or under them is not important – is expected between now and mid-August, and this is not a new secular bull market.

Unparalleled Market Events

It is without argument that the 1987 crash had no reason behind it that anyone could prove. The spill was unprecedented in terms of percent decline and the time it took. the collapse in 2020 is also a stock market event that was sudden – a known unknown – and the price damage and the amount of time it took was historical.

However, when you look back at all of the “out of the blue” selloffs the ones with “W” lows, where the low was tested preceded more bull market. A base was built as you can see in 1987.

However, when you look at the 2000 – 2003 bear market the 9/11 panic on the re-open was a “V” shaped low. That low did not lead to a new bull market. In fact, the low was tested and broken until a “W” low was established in 2003.  You can also is that the counter-trend recovery peaked 3 1/2 to 5 1/2 months later, a scenario that fits the above narrative.

While the chart is not shown, the 1929 panic was followed by 4 1/2 months of recovery, similar to the pattern outlined above and it too was a historical event.

Contrary Thinker via its “Volalaity Report” will provide the market background that will likely set up the market for its next decline.  No hurry from here. The most recent post worked over the Bitcoin market, which is a leading risk market and should be telling before the peak.  More on that later.

Great and Many Thanks,

Jack F. Cahn, CMT

A Thinking Man’s Trader Since 1989,

Copyright 1989-2018

Contrary Thinker 1775 E Palm Canyon Drive, Suite 110- box 176 Palm Springs, CA 92264 USA. 800-6183820 or 25/1 Poinsettia Court Mooloolaba, QLD Australia 4557 614-2811-9889

— Contrary Thinker does not assume the risk of its clients trading futures and offers no warranties expressed or implied. The opinions expressed here are my own and grounded in sources I believe to be reliable but not guaranteed.

— Pricing is subject to change without notice.  My indicators and strategies can be withdrawn for private use without notice, at any time.

— Contrary Thinker does not refund policy; all sales are the finale.

Trading futures and options involve the risk of loss. Please consider carefully whether futures or options are appropriate for your financial situation. Use only risk capital when trading futures or options

NO WARRANTY / NO REFUND. Contrary Thinker   MAKES NO WARRANTIES, EXPRESS OR IMPLIED, On ITS PRODUCTS AND At this moment EXPRESSLY DISCLAIMS ANY AND ALL IMPLIED WARRANTIES OF FITNESS FOR A PARTICULAR PURPOSE. IN NO EVENT SHALL CBI BE LIABLE FOR ANY DIRECT, INDIRECT, SPECIAL, OR CONSEQUENTIAL DAMAGES IN CONNECTION WITH OR ARISING OUT OF THE PERFORMANCE OR USE OF ANY PORTION OF ITS PRODUCTS

June 1, 2020

Volatility Reports Bitcoin a Risk Asset

Digital Assets the Inflation Hedge Assumption

The case is made for these “man-made” electronic mediums of exchange, that instead of owning shares of a company or a dollar bill, your invest your money – USD – as a store of value and to be used to buy goods and services.  The idea is to move your money from fiat currencies to these “coins” for protection.  The bulls list the following:

  • The Federal Reserve is vastly expanding the monetary base.
  • Like gold and other precious metals, Bitcoin and other digital assets should benefit from exploding money supply.
  • Goldman Sachs is holding a conference on crisis, Bitcoin, and inflation.
  • And it’s not just Bitcoin, other top coins look set to outperform.

The last point is very true. there is a burgeoning new industry manufacturing blockchain project/network for its computerized system of bookkeeping that is “fraud-proof.”  That is fine, but there is no control of the supply because every computer hack wants to be the next inventor of the next unique blockchain to use to buy and sell certain products and services.

So they have a supply issue plus they do not have the “full faith and taxing power” backing up this “digital assets.”

Like Gold back in the late 70s and early 80’s the boom and bust will take a decade of base building before it has its next leg up.

If you recall when you first heard about the Bitcoin, before the CME brought the futures markets into play, there were maybe two or three other competitors of BTC. Today there are many, here is a list with market caps:

  • Bitcoin: $163 billion
    Ethereum: $23 billion
    Litecoin: $2.8 billion
    EOS: $2.4 billion
    Tezos: $1.9 billion
    Cardano: $1.4 billion
    Stellar: $1.3 billion
    Monero: $1 billion
    Tron: $968 million
    Ethereum Classic: $782 million
    Neo: $695 million
    Dash: $695 million
    IOTA (MIOTA-USD): $540 million
    Cosmos: (ATOM-USD): $482 million
    Zcash: $420 million
    VeChain (VET-USD): $267 million
    DigiByte (DGB-USD): $249 million

What the fundamentalist needs to do is figure out which are overvalued or undervalued relative to their future functionality, capability, and market share potential.

What the charts reveal is a collapse when the regime change first hit the equity markets in early 2018. A decline BTC has not recovered from the smash in the face of new highs two years later by the Dow and the Nasdaq if you are looking at nominal prices only.  But, in money terms, it lost $16,000 per coin in less than a year, an 84% decline.

 

 

The recovery thus far looks typical to every other boom-bust market observers have witnessed throughout history.  The 62% retracement is common, it is not a magical number that is expected to be touched or if exceeded precludes a scenario. But if you look at Gold, Crude, and shares in 1929, you will see the fractal.  These two weekly charts tell a story of c bear market rally with one last rally to $1,500/coin to finish off the counter-trend. In EWT terms finish wave two going into the meet of the decline, wave three, which will take out the lows at [A].

The tension underneath the market is high and will support a valid trend once the direction is determined. In other words the weekly chart has TEM on a new rule #2, a background that sets up to exit the trading range and trend for a period certain.

 

The Short Term – Daily chart has the same set up by the Technical Event Model. This close up look shows the coiling up in the bar chart that should lead to the break to the $10,500 level.  A terminal move and a head fake from our side of the desk.

Short only hedge intra-day scalper is engaged since May 27. No trades thus far.  It made 12k in May, but that is not our prime mover. The process laid out above is.  This is similar to H.M. Gartley’s entry technique, except we engage a trend following system that trades one way from point “C” where a normal dis-engage is if point “A” is taken out.

However, in the 1930s they would go short at point “C” and risk to point “A,” again a low risk. However, today, Contrary Thinkers, have a trend following system that only gets hit if the weather turns choppy, which is even lower risk. It should not whip-saw conditions after a new TE#2. Once the market breaks in will carry over intra-day; and once a long term trend is established the trend should be forceful every day.

TEM is direction neutral and the bulls could be right, if you have a breakout system that trades long or a trend following systems, you can run with the bulls. I will accept it if the break higher of $1,000 occurs, I do not see risk to the strategy unless the market turns into a windmill.

You don’t need TradeStation to run our systems, let me know what you use from NinjaTrader to Microsoft excel, etc.

Featured Image Header Source

Great and Many Thanks,

Jack F. Cahn, CMT
Contrary Thinker since 1989,
Copyright 1989-2020

Contrary Thinker 1775 E Palm Canyon Drive, Suite 110- box 176 Palm Springs, CA
92264 USA. 800-618-3820 or

25/1 Poinsettia Court Mooloolaba, QLD Australia 4557 614-2811-9889

— Contrary Thinker does not assume the risk of its clients trading futures and offers no warranties expressed or implied. The opinions expressed here are my own and grounded in sources I believe to be reliable but not guaranteed.
— Pricing is subject to change without notice. My indicators and strategies can be withdrawn for private use without notice, at any time.
Trading futures and options involve the risk of loss. Please consider carefully whether futures or options are appropriate for your financial situation. Use only risk capital when trading futures or options

 

 

 

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