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High-Profit Techniques for Investors and Traders

HOW MARKETS REALLY WORKThis stock built a very wide base lasting about three
months. I have shown that base as
the distance between the two vertical lines. It gave a buy signal as it came out of
that
base. Volume was much heavier as it penetrated the resistance. After moving
sideways
and then higher, it again had an upside power box a month later. I show that as the
continuation buy signal. The two vertical lines show the width of the base.
Remember,
since this is an Equivolume chart we are really measuring an amount of volume not
anThe other favorite signal for buying is a continuation of an earlier breakout. As
with
the breakout, we want to see heavy upside volume through an old level of
resistance.
Moreover, we want to be sure that the stock has the right volume characteristics.
That
is, it needs to be receiving heavier volume on advances than on declines. Thirdly,
it
needs to have the potential to move a good deal further. The stock must have enough
of a base to suggest the advance is not likely over yet and that the objective is
at a higher
level. Determination of objectives, and the cyclical nature of stock that is
implicit in
the volume-to-volume relationship is covered more fully in the book �Volume Cycles
in
the Stock Market�. For this discussion, understand that the width of the base is
usually
very nearly the same as the width of the ensuing advance. Similarly, the width of a
top
is about the same as the width of the decline that follows.After a long decline the
stock gapped down, and a day later it traded very heavy volume
in a fairly wide trading range. That had the look of a bottom starting to form.
Next it rallied on very light trading before dropping back to the old support area
on
enormous volume, creating an oversquare day. After two more days in the same
bottoming
area it moved sharply higher. It was a tall box with good volume, suggesting
the stock had made a legitimate turn. Moreover, it went through the level where it
had
been turned back on the prior rally, making it look like a breakout from a base. In
the
next few weeks the stock went up about 35% before encountering heavy resistance.
Finally, we see the square Equivolume entries on the highs. That was a strong hint
that
the advance was ending.Using yourheavy volume days with a very tight trading range.
Instead of a panic sell off, the
decline ends with a gradual shifting from weakness to strength. When that happens a
rounded bottom develops, which we often call a saucer bottom. This sort of low can
be
very profitable. It forms a wide base, and therefore is likely to lead to a
substantial
advance. The chart that follows pictures a typical saucer bottom. Notice also the
computer to Day Trade has never been more popular. But it can also be risky
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fast-paced and quickly
changing arena. have made a number of notations on the chart.
The first is the square top that we saw
as it tried to rally after a long decline. The heavy volume and lack of progress
suggested
that it was encountering formidable overhead supply, and could not get through.
Then it went down to a level where we saw the same sort of square entries, but now
on
the downside. The next rally was more encouraging because, for the first time in
months, volume was coming in as the stock went up instead of becoming heavier as
the
stock went down. But when it got back to the old resistance it again stalled, and
made
another series of square tops. The sellers were still there, and would not let it
through
the barrier. It pulled back again, but not so far, and the volume was lighter. We
were
still in a base area, but it was becoming more encouraging. Then, on the next rally
it
broke out! Notice the Equivolume box it made on the breakout: a tall box showing
thatThe classic technical picture that I particularly like to use for trading, is a
stock that has
had a long decline, given signs of a bottom, built a substantial base and has then
sent a
signal of strength. All of these earmarks are exhibited in both price movement and
volume
characteristics. On the stock chart that follows we are looking at a quite typical
formation of this sort.Often, though, we will see lows that look more like tops, in
which we have a series of
heavy volume days with a very tight trading range. Instead of a panic sell off, the
decline ends with a gradual shifting from weakness to strength. When that happens a
rounded bottom develops, which we often call a saucer bottom. This sort of low can
be
very profitable. It forms a wide base, and therefore is likely to lead to a
substantial
advance. The chart that follows pictures a typical saucer bottom. Notice also the
impressive upside volume as it emerges from the saucer.
TRADING WITH EQUIVOLUME 17
ArmsInsiderThe breakout was obvious in the stock above, and the subsequent move was
very gratifying.
But, when it reached the top it did not tell us so. The range did contract, but the
volume was not excessive. Only a couple of days later did it become apparent that
there was trouble. The clue was the heavy downside volume with a wide trading
range. The ascending trend was broken, and it looked as though the stock was headed
lower. On tops that are not typical, we need to watch for other clues.
Lows tend to be different than highs. They are more emotional. Fearful selling
often
results in climactic action, in which volume becomes very heavy and the trading
range,
unlike a top, is wide. Therefore we are more likely to see very large Equivolume
boxes
on bottoms, but they are less likely to be square or oversquare. The typical bottom
consists
of a big box that washes out the sellers, followed by an immediate rally, and then
a
lighter volume pullback that tests the old support.IOn the chart above, we might
have been buyers when the stock broke out above resistance.
Just a few days later, at much higher prices, we started to see signs of
resistance.
That was the time to take the profit. Later it did go back up to that level, and
formed a
wide double top. That then led to a very big decline. But, as traders, we would not
have waited around for all of that. The stock told us very early that it was
running into
resistance and should be sold.nitial Stop:
Longs: 20 YM Points below entry
Shorts: 20 YM Points above entry
Exit � at entry + 20 points, move stop to
breakeven
Exit � at +40 points or momentum divergence,
whichever come firstPrice makes a new high and ADX rises above 25.
???? Price retraces down near the 20 EMA.
???? ADX turns down during the price retracement.
???? The �DMI does not cross +DMI on the retracement.
???? Enter long when price makes a new high and +DMI
makes new highThe ADXodus�is a classic power trend
strategy that finds price breaking out following a
period of consolidation.
???? ADXodus�gets its name due to the large
number of accumulated/distributed shares ready
to begin their exodus from consolidation and
start a new trend journey.
???? Trend Principle: momentum precedes price
???? Goal: Get on a risk free trade and ride the trendWhat Are Your Strengths?
The positive psychology movement has made great strides in understanding
the different strengths that comprise personality. Let�s take a look
at two particularly thorough surveys of personal strengths and see what
they might mean for trading.
The first survey comes from Buckingham and Clifton�s 2001 book,
Now, Discover Your Strengths. Grounded in the research of the Gallup
BEST PROCESS #2: BUILDING ON STRENGTHS
107
organization, Buckingham and Clifton outline 34 strengths that are
assessed by their online instrument, known as StrengthsFinder. That test
is particularly useful because it identifies clusters of strengths that can
beFinding Strengths in the Smallest Places
Sometimes all it takes is a small shift to align us with our strengths.
Recall how I had problems sustaining a regular exercise program until I
opened the door to my basement workout area and let our cats hang out
with me. It was typically early in the morning when I went downstairs
to exercise, so I was the only one awake in the house. After greeting
BEST PROCESS #2: BUILDING ON STRENGTHS
105
the cats, replenishing their water, and feeding them, I began my exercise
routine�and the cats hung out with the only person who was awake
with them. Once the exercise became part of the cats� routine�Naomi
and Mia typically would run to the downstairs door after finishing their
meals�it became easy to make it part of my own routine. The strengths
that brought me to psychology (caring for others) played out with
the cats, bolstering my exercise routine. No complicated psychological
techniques were necessary to get me to exercise�just opening a door
and turning an individual activity into a shared, caring one.
My initial writing of this book proceeded slowly. Many other activitiesWhy
Strengths Are Key to Performance
There is an important lesson in Charles�s experience: Not all trading
problems are the result of lost discipline or a lack of emotional control.
When traders change their settings or strategies, they can stray from the
strengths that underpin their success. Similarly, the changes that traders
make during slumps can make problems worse by taking them further
from their signature strengths.
A common example of this problem is the trader who seeks to
change his or her holding period. Sometimes this occurs because of life
circumstance: Perhaps it�s no longer possible to follow markets as closely
as before because of new commitments. Other times, the shift in holdingThe Trader
in a Slump
Charles had been a successful trader for years. When he came to his new
firm, he couldn�t have been more excited. He had access to much greater
capital and world-class research and analytics. He was surrounded by
bright, talented colleagues and enjoyed support services to assist with
every facet of his trading. Everything for Charles at his new setting was
perfect, except one thing: He could not make money.
Everyone at first attributed Charles�s slow start to the transition to a
new platform. After all, risk management policies were different, and
there was a learning curve associated with new software, new resources,
and new colleagues. So no one worried after a few months of tepid
results. But a few months became half a year and then stretched to a
Where to Look for Fresh Directions
Many times, it is not clear to us how markets are shifting, making it
difficult to chart an adaptive path. The final question of the questionnaire
assesses this issue: Do you know where to look for tomorrow�s answers?
This is where networking with traders can be especially helpful. By
networking, I�m talking about actually getting together with traders and
talking shop with them, not merely exchanging chat messages online.
When you spend time with traders, you find out what they are looking
at�and also what leads them to shift their focus. This can help you
become more sensitive to important changes in economic data, central
bank policies, and geopolitics. I recently met with a group of macro
strategists who work at hedge funds and expected a lively discussion of
monetary policies around the world. Instead, their discussion focused
on oil and commodities and factors that were influencing prices. Their
emphasis was on inflation versus disinflation within the United States, not
on global economics. That made an impression and helped me become
more sensitive to interrelationships among asset classes.Taking and Sustaining
Action:
Identifying Threats
It is not enough to identify and act on opportunity; we also must
avoid threats to our trading businesses. One trader I worked with was
experiencing unusual success trading microcap stocks. He attributed that
success to the fact that market-making algorithmswere not as dominant in
those markets, which permitted a cleaner read of supply and demand. He
did very well for a number of months and then, during a risk-off period in
equity markets, the microcap market all but dried up. Speculative action
in those shares was fine during bull market periods, but was among the
first to go when markets traded defensively. Clearly this was a threat
BEST PROCESS #1: ADAPTING TO CHANGE
88
to his business, and he needed to supplement his microcap trading with
other sources of opportunity.
Sometimes the greatest areas of opportunity also pose the largest
threats. The transition from basic cell phones to smart phones opened
phenomenal opportunity, but also imperiled the makers of traditional
devices. Exchange-traded funds (ETFs) have created great opportunities
to trade a variety of stock market sectors and asset classes in cost-effective
ways, but these funds have also contributed to increased correlations that
have made long/short investing more challenging. One of the trends I�m
currently tracking is social investment. Brokerage firms such as Motif
Investing allow investors to purchase baskets of stocks and ETFs to express
particular market themes and views, all for a single retail commission
fee. The themes and portfolios are shared among investors, who develop
reputations and followings for their acumen. It�s not difficult to see that
this trend enables the average investor to operate as a virtual hedge
fund, constructing portfolios across multiple regions of the world, asset
classes, and themes. This is a tremendous opportunity for the individual
investor, but also a challenge to traditional investment advisers. It�s not
at all clear to me that people will pay high fees to advisers when they can
receive credible, crowdsourced guidance or standardized advice from
robo-advisers.
The continued rise of social trading and investing promises to increase
the interconnectedness we already observe in the trading world. When I
first began work with hedge funds, I was surprised to find how connected
portfolio managers were with one another, not just within firms but
across companies and across continents. It didn�t matter whether I was
speaking with a money manager in New York, suburban Connecticut, or
London: The same research came up in the conversations and the same
positions appeared in the portfolios. Many of the best performing traders
were those who were most connected, as they were able to get in and out
of positions most nimbly, based on their ability to read the investing herd.
Traders who were less connected, particularly older traders not involved
in social media to any significant degree, found themselves scrambling
when positioning extremes led to mass runs for exits. Connectedness
provided an opportunity for some money managers, a threat for others.
For example, views and positions become so crowded at times that
it becomes difficult for trend-following managers to stick with their
holdings, as markets move in violent waves of buying and selling.

Project Quality Assurance Officer - Fleet Renewal


Reference Number :
26249_042019
Status :
Permanent - Full time
Job Category :
Engineering
City :
MONTREAL
Province :
Quebec
Annual Salary / Hourly Rate :
$ 91 186 - $ 113 983
Number of positions to be filled :
1
Application Deadline :
2019-07-26
Description:
At VIA Rail Canada, our mission is to reimagine the Canadian journey by creating
smarter ways to travel. VIA Rail is a major Canadian player in the transport
industry and strongly believes that travel should be an easy, sustainable and
enjoyable experience that meets the individual needs and preferences of today�s and
tomorrow�s passengers. In the spirit of transformation, our values of innovation,
trust and agility are even more important and guide all our actions.

VIA Rail strives to constantly outdo ourselves as we create a safe and unique
travel experience across Canada.

As the person responsible, you will ensure that the quality system and quality
control for the fleet renewal project are organized, implemented and monitored.
You will coordinate operations related to quality and supplier configuration. You
will work closely with the Project Manager and technical teams.

Quality Assurance
� Draft and implement the VIA Rail quality assurance plan;
� Check and approve supplier plans as they relate to quality (Configuration
Management and Control Plan, Quality Management Plan, Non-Conformity Management,
Inspection Plan, First Article Inspection Plan, etc.);
� Ensure that the contractor organizes internal audits according to the Quality
Assurance Audit Plan and regularly monitor identified issues or improvements;
� Inspect equipment located with the supplier in cooperation with the supplier
contractor and VIA Rail resident;
� Develop a system of indicators to measure the contractor�s performance;
� Provide support to Engineering for major FAIs, modification checking, and
engineering queries and issues;
� Plan and prepare facilitate major Project milestones (Gate Reviews, Tests, Audit,
etc.).

Configuration Management
� Implement and monitor the applicable configuration applied for the project;
� Organize modification (CCB) meetings with the supplier and the various VIA Rail
stakeholders;

Quality Control
� Identify sticking points with all quality systems (VIA Rail project execution
plan, quality project plan and contractor acceptance plans;
� Do random inspections as needed;
� Follow up and finalize deviation and non-conformity requests from the contractor;
� Make sure the Car History Books are developed by monitoring that they are
progressively prepared on time, checking content compliance for each car and
ensuring that the certificate of conformity is issued;
� In cooperation with the technical team, examine and comment on Preliminary
Acceptance Criteria and Final Acceptance Criteria for contract deliverables;
� Participate in acceptance testing for trains delivered to VIA Rail;
� Monitor all corrective actions;
� Apply and monitor defect management processes (8D, etc.);
� Share Collect lessons learned during key project phases.

Supervision
� Supervise the Quality resident assigned to the manufacturer;
� Assess the workload and decide on resource needs to adjust to project plans and
priorities;
� Coordinate and facilitate quality improvement initiatives by organizing workshops
and monitoring actions;
� Replace the offsite technician when needed.
Requirements:
The ideal candidate for the Quality Assurance Specialist role will have experience
in manufacturing, quality assurance or weld engineering for rail programs, ideally
covering design of new rolling stock or refurbishment. The candidate should have
experience in quality assurance, quality control inspection, process improvement,
quality system auditing, and analysis, applied to heavy equipment.
� Bachelor�s degree in industrial engineering - quality assurance or similar field.
� 7-10 years� experience in a similar role.
� Mastery of quality assurance tools and concepts.
� Extensive knowledge of software tools, especially Microsoft Excel.
� Ability to speak and write in English and French.
� Available to travel regularly.
� Day shifts with possible travel in the evening.