Letters To The Editor

January 2010 Letters To The Editor

The editors of S&C invite readers to submit their opinions and information on subjects relating to technical analysis and this magazine. This column is our means of communication with our readers. Is there something you would like to know more (or less) about? Tell us about it. Without a source of new ideas and subjects coming from our readers, this magazine would not exist.

Address your correspondence to: Editor, Stocks & Commodities, 4757 California Ave. SW, Seattle, WA 98116-4499, or E-mail to editor@traders.com. All letters become the property of Technical Analysis, Inc. Letter-writers must include their full name and address for verification. Letters may be edited for length or clarity. The opinions expressed in this column do not necessarily represent those of the magazine. —Editor

GANN FAN

Editor, Great magazine — keep it up! There are lots of Gann-based traders out there, so some Gann articles a bit more often might be appreciated by Gann folks. Best regards.
—Deonarine Gopee
Miami, FL

CRASH COURSE FOR NOVICE TRADERS

Editor,
I always start reading your magazine the day it arrives in the mail. I have been trading futures and equities for the past three years.

As I read the article “Crash Course For Novice Traders” by Donald Pendergast (Stocks & Commodities November 2009), I was thinking the title could as well have been, “Crash Course And Checklist Before Trading.” The article enlightened me about the importance of preparation before risking capital, which can diminish before our eyes if we aren’t properly prepared for trading. After all, the point of all the efforts made toward trading and investing is protecting capital and actually adding to it by the end of our trading time frame. Everyone has a personal goal in trading. I liked this article very much.

I suggest you always include articles on capital protection and trading psychology in your magazine.
—Nilesh Gada
Mumbai, India

Donald Pendergast replies:
Thanks for your kind comments. As in every other facet of our lives, the end results of any venture will be highly dependent on the nature and quality of the questions we ask ourselves during the initial planning and preparation process. I believe it was trading coach Ruth Barrons Roosevelt who said something like, “Ask the right questions first, and watch the results improve.”

I hope this article will help newer or struggling traders do just that.

TRADING SYSTEM EVALUATION

Editor,
I am shopping for a trading system for equities and options. Can you refer me to any sources of independent reviews of the leading trading systems comparing performance accuracy, purchase, and so on? I would greatly appreciate it.
—Scott Kollin

You may wish to try Futures Truth (www.futurestruth.com/aboutus.htm), a publication since 1985 that publishes objective, third-party rankings of some futures trading system returns, or Collective2 (www.Collective2.com), a service that monitors nearly 10,000 trading systems and reports results. Trading system monitoring is not within our mission.
—Editor

PATTERNS ON INDICATOR CHARTS

Editor,
Do you know of any books that deal with chart patterns that develop on indicators like Rsi, Cci, and Roc, and their subsequent relationship with the price chart? Your help is appreciated.
—Yagnesh Patel

We’ve published several articles over the years that discuss what you may be looking for. I suggest you perform a search at our website for the different indicators that you mention. You can read excerpts of the articles to help determine whether the article meets your needs. You have the option of purchasing the article(s) through our online store at our website.
—Editor

LOCATING ARTICLES USING YOUR SEARCH ENGINE

Editor,
I was using the search engine at your website to research articles written by Larry Connors. I found a number of citations, but unfortunately, I could not decipher the notations to locate the articles in question in my copies of past issues. Could you let me know what references and notations you are using so that I may easily find these and other articles in past issues of your magazines? I think it would be easier if you simply referred to the date of the issues instead of the volume and issue numbers, since these aren’t consistent.
—Stephen

When using the search engine at our website, choose the option to search within “S&C Contents” in the pulldown menu (https://www.traders.com/S&C/SiteSearch.html) to get search results that identify the issue by month and year.

Here is a quick reference guide to the volume numbers of Stocks & Commodities magazine and their corresponding years:

For your interest, here is a list of S&C articles written by or having to do with Larry Connors:

JANUARY 2009
“Three Rules, One Easy Way To Trade ETFs” by Larry Connors and David Penn
Here’s a short-term trading strategy to trade exchange traded funds.

NOVEMBER 2007
“Does The RSI Give You An Edge?” by Larry Connors and Ashton Dorkins
The relative strength index has been heavily used since its creation, but does it work for you?

JULY 2007
“Laps And Gaps To Get Your Edge” by Larry Connors and Ashton Dorkins
When a stock gaps higher at the open on bullish news, will that lead to even higher prices?

AUGUST 1996
“Historical Volatility and Pattern Recognition” by Laurence A. Connors and Linda Bradford Raschke
A market tends to move swiftly from periods of price consolidation to new levels. Here’s how to recognize the setup before a market moves out of a short-term consolidation, from the authors of Street Smarts: High Probability Short-Term Trading Strategies.

DECEMBER 2004
Interview: “Larry Connors On How Markets Really Work” by Jayanthi Gopala�krishnan
In his latest book, How Markets Really Work, Larry Connors says there’s been an evolution in the way he thinks.

AUGUST 1999
Interview: “A Guide To Conquering The Trading Markets: Kevin Haggerty” by Thom Hartle
Kevin Haggerty’s career on Wall Street covers nearly 25 years and numerous responsibilities ranging from senior vice president and manager of equity trading at Fidelity Capital Markets to serving as a managing director of the Chicago Board Options Exchange. Now he’s teamed up with Mark Boucher and Larry Connors, some other noted names in the business that Stocks & Commodities readers may recognize, to cofound a website for traders called Tradehard.com. S&C Editor Thom Hartle spoke to Haggerty on May 18, 1999, about stockpicking, the opportunities available due to the way major players move in the markets, and his upcoming book.

Originally published in the January 2010 issue of
Technical Analysis of Stocks & Commodities magazine.
All rights reserved. © Copyright 2009, Technical Analysis, Inc.