What's the Bloomberg Trender indicator like? What are the nuts and bolts behind it... you know?
- #23
- Aug 24, 2019 4:54am Aug 24, 2019 4:54am
- Joined Sep 2017 | Status: Still a total mystery | 3,569 Posts
{quote} Yeah that's Bloomberg terminal which I use along with Bloomberg proprietory indicator "Trender". Agree Powell speech today is hugely important.
But would LOVE if you could share with us, could be in separate/dedicated thread... for example... "Trading tools for Energy markets".. you can open it or I can or anyone else I would seriously love to here your (not promo, but) traders perspective (pros/cons, comparison to other similar tools or just comparison vs some "standard" brokers tools)... about what is the very useful (edge) of using it (and/or its prop indicators like "trender" that you mentioned), for energy markets for example... or are you just using it out of habit and/or in parallel to other markets... Because I would love to have/use it but I can honestly haven't found the edge for it (to justify the expensive costs), for my type of trading anyway... So please share... It is rather difficult to find any/honest/latest review about it.. and the official page seems to be much secretive of its functions lately... at least for general public.
Can you afford to take that chance?
{quote} Wow man! Tnx! Won't ask further about why/where you use it, glad you answered this one already, hope you didn't expose too much
You will see on my charts, 3 lines of trender which are for 3 different time-frames. When all 3 lines are on the same side, It suggests strong directional trend and I would tend to use trend following indicators. However suppose the lines are mixed, with short and medium term on one side and long term on the other side, I would use Overbrought-Oversold indicators to buy at supports and sell at resistances.
Bloomberg also has one more proprietor indicator "De Mark Indicators" but I dont really use that for my trading.
It is very important to develop one's trading edge, which only comes with experimenting with many things and what works for in individual, which is different for everyone. I would be extremely glad to help you any which way I can, so if you any questions, just post and I would do my best to clarify.
- #26
- Aug 26, 2019 9:37am Aug 26, 2019 9:37am
- Joined Sep 2017 | Status: Still a total mystery | 3,569 Posts
{quote} Thanks. I am not really a day trader but a slightly longer term trader, so I depend on many indicators, which I use for my trading. One of the other tools which I use to trade is "Brent-WTI Spread" (which I use like Oversold-Overbought). I am big on Ichimoku too but unfortunately it has not been really working well on crude in the recent past, so have been using Trender extensively for my trading. You will see on my charts, 3 lines of trender which are for 3 different time-frames. When all 3 lines are on the same side, It suggests strong...
Usually when I introduced to many indicators outside of rather BASICS... It seemed good at first but then I was losing my edge because of it.. Missed some trades because some of the indicators said "NO"... I usually much prefer NAKED chart but SPREADS/VOLUME do help (orderbook was fools gold also, for me at least... happy at first)... apart of avoiding at major economic news.. unless one is almost "not uncertain" about the outcome.. but with that being said... I am aware of the "trap" many do when judging something in advance... It is almost impossible knowing in advance.. if some info would improve (or worsen) the trades My feeling is that bloomberg terminal might be better for (hedge) fund managers that rely on their technological reliability and even some DATA that is prop.... but for my (current) style of trading like fx/energy/metals/crypto etc... I am not sure it can provide some REAL value to my style apart of what brokers do provide us anyway... But would love to TEST this hypothesis.. I mean I would LOVE to justify it... I would love to justify IBM "Z" "things" also, but can not atm... would have it eitherway, if enough money, just in case, to make some super micro matrix... modelling.... I am sure it would fine-tune the model good, but for basic (juice)... before that is prove (that someone has the REAL edge anyway...), not sure it would RETURN or justify.. the 2k/month sub of incremental costs (if one uses it for something else and is a must there.. sure, why not use it)? Maybe there are some indicators that I wasn't even aware of and that could PRE-INDICATE outcome of my price-prediction model or something... meaning that some indicator might correlate with "it is happening or no".. instead of waiting for FULL market effect.. to see if it worked...I would suspect quotations (speed, reliability,...) are better etc?
So I would say, let me do some CLEANer trading.... more "institution" like (TE)... and maybe I can than show you some trades and you might tell if there were any (that weren't that great) that one could "eliminate" easily.. with the help of bloomberg terminal.. or something like that
Can you afford to take that chance?
{quote} Tnx man! I would love to have the Bloomberg terminal for my style of trading.. but it keeps me wondering how many useful things does it have... aside of "craig list" that I would love to check
Most Quotes from Stocks and Commodities are actually paid and 15 mins delayed and once needs to pay extra over and above the regular charge to get LIVE feed.
Crypto and Forex are real-time even in regular feed.
- #29
- Aug 27, 2019 10:44am Aug 27, 2019 10:44am
- Joined Sep 2017 | Status: Still a total mystery | 3,569 Posts
{quote} Many things are better in Bloomberg, but I think one's eyes are the best indicator on what's about to happen. Nothing beats that and for that one does not need Bloomberg. Even excel charts will do the job. Most Quotes from Stocks and Commodities are actually paid and 15 mins delayed and once needs to pay extra over and above the regular charge to get LIVE feed. Crypto and Forex are real-time even in regular feed.
I am a strong believer in that... Although some tools help much to see the effect.. as soon as possible.. Sometimes (if not too often) give the wrong impression though.. if watched too soon Have pulled some good trades due to some indicators.. which I shouldn't... I found that it is best to sometimes SET and FORGET, to eliminate the emotional drama and "false" (temp) picture I may lose hope if I watch tick.. if price goes against.. and it does look at the time that it will never go back to the "right" direction... In retrospect it seems so "calm" hence I prefer to deep analyse.. seting levels... "forget"... re-check later... unless there is some strategy that needs constant alert (I tend to avoid those, but they do happen, news, events etc..)..About the second part... You mean that quotes that are available for free, on the next, for stocks/commodities... Bloomberg charges extra (on top of rather expensive subscription already)? Yeah this keyboard, fingerprint... good show though... BTW they made rather good "product placement" for it (maybe) in the Show Billions... They had a hack from a billionaire russian (figures
... and everything went down, phones, network, you name it... EXCEPT bloomberg terminals... (yeah the net went down but not the terminals themselves...) strong product placement, if you ask me... This is one of the rather "rare" plotholes I have fund in the series... They got (afaik) most financial things right except for this (sh)IT Or, which is not rare, company had very poor failover/emergency system for the moments like this... This is where MrRobot wins handsdown.. everything is re-checked if it is real... But I fund that writer have some "fixation" of putting things in the show ("the conversation" episode when they insterted Hackmans movie with the title... or similar thigns.. So they wanted to show how good bloomberg is (in itself) and how back to oldschool phoning over cell.. to close the orders... were still the juice against hacking etc... Kinda joke to me, but I understand that the show must be show... well hell... Terminator could also just rip off someones head with hand alone... no need for drama with guns Ok, was too long hereSo I would really like to justify this bloomberg for myself... for private use...some proper companies MUST have it for the image... Depending on the clients/investors... some value being against it... alternate investors for example
So did I understand that bloomberg charges a lot for the things one could get free elsewhere? Well I heard some "rumors" before of having FASTER access to news
So share what you can pls... would love to hear more
Or are you talking about BETTER prices... connected to some good broker?
Can you afford to take that chance?
So did I understand that bloomberg charges a lot for the things one could get free elsewhere? Well I heard some "rumors" before of having FASTER access to news
- #31
- Aug 28, 2019 8:56am Aug 28, 2019 8:56am
- Joined Sep 2017 | Status: Still a total mystery | 3,569 Posts
Can you afford to take that chance?
I think crude will have a big move in September. As can be seen from the heat-map, in each of the the last few years since 2010, the smallest move has been 4.44% and the biggest move has been 11.19%
IF someone trades options, buying out of the money (OTM) calls and puts is a good idea.
IF someone trades options, buying out of the money (OTM) calls and puts is a good idea.
Here is a heat map of Natural Gas, where in the last 6 years the moves have been limited.
Looking at the heatmap, one can initiate Long Iron Butterfly option spreads.
Here are the trades.
Sell At the Money Call and Put options at the same strike
Buy Out of the money call and put at the same distance from the sold options.
All 4 trades should have the same expiry
This option strategy will protect users against huge volatility, while also eating away theta (time value)
One can use this link to learn more on this option strategy
Looking at the heatmap, one can initiate Long Iron Butterfly option spreads.
Here are the trades.
Sell At the Money Call and Put options at the same strike
Buy Out of the money call and put at the same distance from the sold options.
All 4 trades should have the same expiry
This option strategy will protect users against huge volatility, while also eating away theta (time value)
One can use this link to learn more on this option strategy
Here is a heat map of Natural Gas, where in the last 6 years the moves have been limited. {image} Looking at the heatmap, one can initiate Long Iron Butterfly option spreads. Here are the trades. Sell At the Money Call and Put options at the same strike Buy Out of the money call and put at the same distance from the sold options. All 4 trades should have the same expiry This option strategy will protect users against huge volatility, while also eating away theta (time value) One can use this...
Self-sufficiency is the greatest of all wealth. - Epicurus
Crude has been showing exceptional strength over the last few days and has now come close to moving above its range top at 56.50 (currently 57.43) and is now testing its downward sloping trend line. A move above this would lead to $60.0 on the upside.
