pa aT YL S| Te eb TACK plat i474) aateiso STOCKS Ge COMMODITIES y TURNOVER & URGENCY IN THE FUTURES MARKETS New dimensionless variable 8 REMOVING THE NOISE FROM PRICE ACTION Three charting tips 14 CRYPTOCURRENCIES A nondirectional trading strategy for altcoins ON-BALANCE VOLUME MODIFIED It’s smoother 22 THE INS & OUTS OF MOVING AVERAGES Part 2: Going deeper 26 INTERVIEW Jeffrey Saut 32 APRIL 2020 Wu Hl bE a i.TAKE CONTROL OF YOUR TRADING WITH THE PROFESSIONAL TRADERS’ STARTER KIT™ STOCKS & COMMODITIES MAGAZINE DIGITAL EDITION ARTICLE CODE OPTIMIZED TRADING TRAD PHE FOREMOST COLLECTION FOR TRADERS ‘This massive collection packages the best tool for trading and investing in any masket! 1. Technical Analysis of Stocks & Commoprrtes, the Traders’ Magazine™. The premier magazine for technical analysis. 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You'll get five years of charts, indicators, and “how-to” advice for specific markets, currencies, stocks, and commodities; near-term opportunities; price movement; new techniques. Posted in real-time with an archive of thousands of articles. ‘Working Money, the Investors’ Magazine online. You'llgetfive years of market observations; explanations of charts, markets, and market sectors; money management; and interviews with money people that will help you trade and invest wisely. Article Code. Download or copy & paste code presented in past issues of Stocks & CommopiTies — no need to type it out manually. - Optimized Trading, The optimized indicator values can be ‘used as starting points when trying to decide what values to input into your charting software. Search fora certain symbol or company or build your own portfolio. Email: Circ@Traders.com * Phone: 206-938-0570 [Fj facebook.com/STOCKSandCOMMODITIES [FJ @STOCKSandCOMMEarn Extra Income ; Lending Your Fully PaidShares Starting at ss @) Commissions on US listed stocks and ETFs' é InteractiveBrokers Start Trading Today! Interactive Brokers Rated #1 q ibkr.com/earnextra Best Online Broker 2019 by Barron’s* | ibkr.com/earnextra 4 1n20.1284cH1259‘The Traders’ Magazine~ EDITORIAL [Eaton cnt Jock Hon ‘Prodicton Manoger Karas, Wassoran ‘AnDrector Cretne sn ‘raphe Desgrar Wyn Sa ‘Contrbutng Eos Jn Enos. ‘emer Waren Pi. Constutng Wars Thomas Subcie Marn Peng ‘Saver Star Wars Kesares, Leo Masencon ‘esuentoaen OFFICE OF THE PUBLISHER InevstalEngnet ison Hutson ‘Proect ergeor Scan ere Aoverrsina sates eee ee aia iene ‘atonal Slee Manager EowarsW. Seam ‘escent com CIRCULATION SerRaseare. fat eemoeaar ‘romrasoncon ‘suberiton Manager Soan M Moos wenorre, ep tader com ‘at mentors maybe emai Waugh M9 eet ‘ing tir nbsp st na pls Bde om ‘Amore roomy ner pons wevctnormenat poner hee er {cy Teoma reread ane any Care (260) Treo Aa ‘Serer pow et te see 1 0 pe. es ‘rng pt oncay OC 202 nwo bo, ‘Daners AOI One Mb: Noches Fat {tee oars bul hve bee gard & Poco {eens ty 000, espa somo pamorthas bet ttenee The fn cn ota fe Tesco ‘ozurg Sov morose $1 60050 ‘ubeoripone: UGA ore ou 1S ssn $8.0, waparos spp ove he US renee ass! otge at tlw Cara, UBEIS pr ye Eape, {Ws por yur a fer cous U8 pe oa. Stgleconesolncapeatenentomtecetyea sree propa 6p iy Por era rallo Shenton oooh wnat ‘sox rer zo VK Mano ANE, Siaemece en mene ‘ence! Anayete of S700t8 & Comoomss”. ‘The Tet! Magus prepares tom noo {otved be lal bt a gurantos by ve mot {tmer orton, aco at upon com ‘pnces psn esp! on ont mk ‘a, te not eng uy St cates of ‘Srmnttes deste Teil res me neo frre os ote ane amos ay te pon Fe secutes sonszed hen "ora of acs od arin sri is ‘raps we ony neo ann ado he ‘Seecrnstasynam cue, errno eng crear CONTENTS APRIL 2020, VOLUME 38 NUMBER 5 7 “4 8 3 Closing Range Breakouts bby Ken Calhoun Learn to identify a closing range breakout entry tsing a two-day chart. ‘Turnover & Urgency in The Futures Markets bby Michael J. Monster, PRD Here, we introduce a new, dimensionless variable called “urgency” that belps quantify ‘how pressing the need is for ‘current shorts or longs to ext their positions. ‘Three Tips For Removing The Noise From Price Action by Evan Medeiros ‘Take your chart-eading skills to the next level with these three tips. ‘ANondirectional Trading Strategy For Cryptocurrencies, Part 2 bby Azeez Mustapha Here isa trading strategy you can use whether the eryprocurrency ing traded is tlling or rising Inthis second part of a two-part series, the focusis alteoins. ‘On-Balance Volume Modified al o by Vial Apirine “Here is smoothed version of the classic OBV indicator with a signal line. Youcan use itto look for signal line crossovers and divergences. ‘The Ins & Outs Of Moving Averages, Part2 bby Fawad Racagzada ‘They are ubiquitous on price charts and an integral pat of technical ‘analysis. Do you know everything ‘you should about using them? Here inpart 2, we goa litle deeper into ‘the topic of moving average. Futures For You bby Cartey Garner Here's how the futures market really works. ‘AConversation With Jetfrey Saut bby Leslie N. Masonson Jeffrey D, Sau’ career on Wall ‘Street began in 1971, He worked ‘Tie sroeise base tr ‘acon Tpe tis mort ata number of Wal Street firms ‘over the years, most recently for Raymond James as chief investment strategist and managing director of the firm's equity research department, and is currently affliated with Capital Wealth Planning as a market strategist and advisory board member. He also writes a weekly market commentary aimed at nancial ‘advisors and other firm clients. ‘We spoke with Saut to discuss his long investment career, his research-based market cali, and his views on the market. 37 Algo Q&A by Kevin J. Davey Got a question about system or algo wading? 38 Gold's Super Cycle by Gary 8. Wagner and Joseph M. Wagner It ora i lao atthe gold cycle ‘with projected outlooks for gold based on Elliott wave and Fibonacci analysis 42 Signals And Confirmation by Stella Osoba, CMT ‘Many people say candlestick gnals do not work. Or maybe they Just didn't know what confirmation 1 look for. 44 Explore Your Options: by Jay Kaeppel Got a question about options? 46 Trading Perspectives bby Rob Friesen ‘Some perspectives on the equities world. ‘pn © BR Tel aa en i Nn a lg Hard cal ya id we on Fn pa st Sos & comer 159 758558 panes ony wh onan Mc S60 pu py Tee Su ne a7 Clone ee 8. St WASeT ot Prot Bost at saa, Wea ge. Pac Snd tress hse ome a is & Coons 4S Calera A. Stat, WARETIC AU A 4+ ein + Tecical ana of STOCKS & COMMODITIESre ‘YOU STOCKS-& COMMODITIES READERS! We are honored to be recognized as a top trading software provider in the Thank you to all who voted for NinjaTrader’s industry leading platform & brokerage services. Futures, foreign currency and options trading contains substantial risk and is not for every investor. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. ninjatrader.com