Futures Truth: (1)Building a System (2)Technical Analysis and Options Trading
- Jul 24, 2014 · 6:30 PM
Futures Truth, located in Hendersonville, NC, is the most respected firm in the industry that evaluates trading systems.
Founder and futures trader and author John Hill, Research Director and author George Pruitt, and lead Trader Joe Bobek are all helping develop a great presentation for this meeting. These are nationally known traders and system developers of the highest caliber from our own state, so I would strongly recommend this meeting.
This will be a remote talk, but we will project the presentation on the large screen, and will have two way audio, and a portable mic. so that we can have extensive interaction with everyone on our end. We have done this before many times and it works very well.
Agenda:
6:30 - 7:30 George Pruitt, Building a Trading System
7:30 - 8:30 John Hill, Technical Analysis, Spring/Upthrust and Options Trading
8:30 - 8:45 Wrap-up Discussion, then Adjourn
9:00- 10:30 Follow-on Informal Gathering at Ted's Montana Grill, 6911 Fayetteville Rd, Suite 102, Durham
In the first hour, George Pruitt, will discuss Building a Trading System. This first hour will be more quantitative than the second. Anyone without interest in trading systems is welcome to either come at 6:30 anyway because there will still be some good technical analysis content even in the first hour, or else if they prefer they can arrive later, for the second hour, around 7:30, as the second hour will concentrate on discretionary trading including options strategies based on technical analysis and Spring/Upthrust.
In the second hour, John Hill will outline his approach to Trading using Spring /Upthrust for supply/demand analysis, and other technical analysis, and how he combines it with options trading, selling both sides one to two standard deviations out of the money to achieve a 4 percent monthly return.
John is one of the best-known authorities on Spring/Upthrust, having written an early book centered on it, so this will be an uncommon opportunity to hear his current approach outlined, including how he now combines Technical Analysis with Options Trading.
Some specific topics that George will cover in the first hour include:
- Elements of Trading System Design
- An S&P Emini Day Trading System based on Opening Range Breakout
- Trade Management including Stops, Targets, and Scaling
- Calculating Camarilla Support/Resistance Levels
- Donchian 10 Bar Breakouts
- Using Bollinger Bands with the %B Formula
In order to evaluate and back-test systems, Futures Truth has to program the systems from scratch, and thus they have enormous expertise in implementing trading systems as well as with the internals and results of hundreds of the most successful trading systems on the market. They also have developed many systems of their own.
I have had a goal for a long time of having them talk, and was recently finally successful in getting in touch, and they have agreed to talk remotely from their offices in Hendersonville.
The members of this firm have an enormously deep understanding of trading systems, and are willing to share their insights openly to a degree that is unmatched elsewhere. If you want to have a successful system, this will be one of the very best places to start, whether you want to develop a new system or adopt or adapt a published or sold trading system.
For further background, here are some links. Check out the blogs to start with for some great ideas for trading systems.
Book by George Pruitt and John Hill: Building Winning Trading Systems
George Pruitt Blog: http://georgepruitt.com/
Futures Truth Blog: http://futurestruth.wordpress.com/
Top Ten Systems: http://futurestruth.com/wpftruth/top-10-tables
Magazine Back Issues: http://futurestruth.com/wpftruth/2013-3
Lundy Hill Broker/Systems: Stafford Trading
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Good - Bought my first John Hill book in 1979