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Welcome to Waldock's System Signals. My name is Andy Waldock. I literally, "grew up" in the commodities business. My father, Jack Waldock, co-founded Lind- Waldock & Co. in 1965.

I moved to Chicago at the age of eighteen to pursue a career in trading. By my 21st birthday, I began trading in the S&P 500 pit at the Chicago Mercantile Exchange. During my time there, I traded futures and options and also filled orders as a floor broker. My education in the markets came from people who profited from their own knowledge of the markets. Not all of the patterns I was taught or statistics I learned lead to profitability. While I was searching for a rigid set of rules to trade by, much of what was being passed on to me were merely guidelines. Fortunately, several years ago, programmable trading platforms with backtesting capabilities came out. Finally, I could quantitatively test many of the cliches.

Many simple sayings like, "never buy a rally or sell a break," are intuitively easy to comprehend. However, programming a system to fade breakouts - sell rallies and buy breaks- is a losing proposition. The vast majority of the big money managers like Richard Dennis and the legendary "turtles" or, the new owner of the Florida Marlins, John Henry and Co. are big trend followers. They do this by buying into rallies as the market breaks out to new highs and selling into declines as the market makes new lows. They also hold positions for very long periods of time. This type of trading requires two things in great abundance, trading capital and patience.

While trading in Chicago, I developed the mentality (impatience) of a day trader. I frequently entered and exited a trade before I could write down either the buy or the sell. A long- term trade was typically a couple of hours. I trade trend following systems to hit home runs. There is nothing like catching the trend of the year. Trend following is a profitable methodology.

However, I have found that it is much easier to sit with trend following positions when I have other trades to focus on. My history is in day trading and short term swing trading. Therefore, by incorporating these profitable short- term methodologies into my portfolio, I am more likely to have the patience to sit with the trend following position. This combination of systems (day, swing, trend following) provides more than market and system diversification. This combination provides the psychological diversification necessary to maintain the discipline required to stick to a plan of trading.

  • Many experts agree, trading requires sticking to the rules, system, plan, or methodology.
  • Many experts agree, people are creatures of habit. Fundamental dispositions are set early on.
  • Many experts agree, market speculation appeals to highly impatient people.
  • Many experts agree, most market speculators lose money.
  • Long- term trend following is a profitable trading methodology and if you've got the patience, I've got the system.
HOWEVER, if you are unable to stick to a long- term system and yet unwilling to let the many opportunities of the highly leveraged commodity markets go untapped, I've got the systems for that too.


WALDOCK'S SYSTEM SIGNALS
The following hypothetical information is based on the last ten years of day session data. There is a significant risk of loss trading futures. Therefore, only genuine risk capital should be used.

DCB Trend Follower
Medium term trend following system. This is the same system that is published and tracked in Futures Truth as "DCB Bond." The system trades with the long-term trend and enters in that direction following a period of consolidation, thus attempting to catch the next wave of market movement. The system uses a percentage of the markets average range to determine stop placement. Therefore, no protective stop is in place on the day of entry.

Characteristics:

  • Large average trade
  • Cuts losses quickly and lets winners run
  • Relatively low trading frequency
Markets: Heating Oil, Crude Oil, Natural Gas, 30 yr. Treasury Bond, 10yr. Note, Wheat, Soybeans, Lumber, Cotton, Coffee, Copper, Swiss Franc, U.S. Dollar Index


DCB Swing Trader
Short term swing trading system. This system anticipates a potential flush in a market and seeks to capitalize on market psychology by exiting profitably at the point of surrender for the weak positions in the market's current trend. This system utilizes the "first profitable open" exit popularized by Larry Williams. Therefore, it is important to either be able to watch the markets open or have a broker assisted account so we can watch it for you.

Characteristics:

  • Capitalizes on profitable trades
  • Short hold time decreases market exposure
  • Trades many markets for diversification
Markets: S&P 500, Nasdaq, Dow Jones, Heating Oil, Crude Oil, Unleaded, Natural Gas, CBOT Wheat, KC Wheat, Soybeans, Gold, Silver Copper, Lean Hogs, Feeder Cattle, Lumber, Coffee, Cotton, Cocoa, Orange Juice.


DCB Day Trader
Stock index day trading system based on my article published in Futures Truth #1 - 2006. This system cannot make more than one trade per day. If the entry order is hit, two exit orders are placed, a protective stop order and a market on close order. This system can be traded by self- directed accounts. However, broker assisted and full service accounts will appreciate the extra attention. The system uses a proprietary combination of market volatility and the put-call ratio to determine direction.

Characteristics:

  • Buys strength and sells weakness
  • Capitalizes on large one way days
  • Entry and exit points adapt to current market volatility
  • End of day exit means no overnight worries
Markets: S&P 500, E-Mini S&P, Nasdaq, E-Mini Nasdaq.


All hypothetical information is based on the last ten years of day session data. There is a significant risk of loss trading futures. Therefore, only genuine risk capital should be used.

HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.

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