These Are All Important Matters

First and foremost, the eleventh issue of the Weekly Strategy Session has been sent out to subscribers. May you find it of value. As strategy sessions readers know, we have a running counter which tracks the contextual bias calls made each Sunday. After ten predictions, here is where we stand:

So far, if you toss out the Time Stop weeks the data is not showing an edge anywhere but the Dow Jones. In the Dow Jones predictions have been 70% correct. Any stat head will quickly dismiss this data set, as do I. There’s a general consensus that 50 samples are the minimum before an observation can be judged as significant. But my hand is on fire in the Dow. I don’t even trade the Dow, nor am I patting myself on the back. Only suggesting that over the course of the past 10 weeks we have seen a healthier auction occurring in the Dow.

Next, as some of you may know, Option Addict is handing me the keys to the After Hours session to start the week. Monday-Wednesday I will be hosting After Hours with The Option Addict. This will not be another crash course in auction theory. Instead we will be dissecting and analyzing current market action through the lens of an auction. We will establish actionable price levels and have general Q&A.

Finally, if you are even considering trading futures, I implore you to open an account with Stage Five Trading. They are the only futures brokerage I know of who succeeds in creating a learning environment for their traders. Their rates are competitive and they have some nifty tools for helping you sharpen your edge.

This ought to be an interesting week. And I look forward to another week of seeing how my predictions pan out, live discussion of market action, and of course banking coin.