Introducing HOOTS... market data charting software specifically designed for position trading futures.

What is HOOTS? The Basics of HOOTS Why HOOTS? How we use HOOTS Try HOOTS

What is HOOTS?

HOOTS is a charting and analysis software package that has been designed specifically for position trading futures markets. The designer has been involved with the markets for most of his adult life, and HOOTS is the result of considerable study, effort and investment.

The objective was to develop a software charting package where one could patiently wait for low risk, big moves to stack up. This is what HOOTS helps us anticipate. Having seen this stackup, one could get on board a trade with confidence and a tight stop, and sit on the move as it trended big time during the day.

The Basics of HOOTS

• HOOTS will run with most of the datafeeds.

• HOOTS works by picking out compressed price structures, in a way that traders can, effectively and safely, trade with.

• HOOTS is suitable for the big liquid stock indexes.

• HOOTS is pure technical analysis. Fundamental economic information does not enter into the picture.

• You will need to engage your brain and be flexible. HOOTS is not 'black box'.

• With the HOOTS program, you will also have access to the Private Forums where you can develop and learn HOOTS strategy and discuss case studies with the HOOTS designer and other HOOTS users.

  Why HOOTS?

  HOOTS charting software was produced to help me with my own trading. We are trying to determine low risk opportunities that GO somewhere. In other words we are trying to get on board a BIG move with a low level of risk being exposed.

  HOOTS suits me - I trade the German DAX stock index primarily, and the S&P and the Footsie to a lesser extent. However HOOTS will work with any liquid market. HOOTS shows the beginning of BIG trending days, on 7 out of 10 occasions.

  What it really shows is a build up to a BIG move. So when you see the price formation compressing together, you can figure that what follows, will be a BIG expansion in price action. This is the BIG move, that I am looking to get on board.

  How we use HOOTS

  I WANT TO SEE THE TOP SET OF LINES CONVERGE WITH THE BOTTOM SET OF LINES.

  1. Then essentially if prices open above the middle line we assume a strong market, and are looking for a spot to buy.

  2. However, if prices don't hold above the middle line and drop below the middle line one has to assume the market is weak and are looking for a spot to sell at.

  3. If however prices open with a big gap up, this means the marketmakers have found an excuse to distribute stock at higher prices. In this case, figure that after this period of distribution we shall observe a big fall in prices. So in this situation we are looking for a big down move after the period of distribution has been completed.

     My strategy in the event of the opposite price opening action is...

  4. If prices open below the middle line we assume a weak market, and are looking for a spot to sell.

  5. However, if prices don't hold below the middle line and rise above the middle line one has to assume the market is strong and are looking for a spot to buy at.

  6. If however prices open with a big gap down, this means the marketmakers have found an excuse to accumulate stock at lower prices. In this case, figure that after this period of accumulation, we shall observe a big rise in prices. So in this situation we are looking for a big up move after the period of accumulation has been completed.

  Why not wait for the market to reveal its direction to you? It has to sooner or later.

  Good convergence in HOOTS shows us that the next day will probably be a big move day in a single direction. That is essentially what we are looking for. All you need to do is wait for HOOTS to reveal that the next day will be a good one by virtue of the good convergence and then you need patience for the direction to reveal itself. Then you need to find a safe spot to get on board.

  We refer to a day following the good convergence as a HOOTS day

  A non-hoots day is where there has been no convergence displayed. In my experience, there is, on a non-hoots day, a high chance of losing money.

  HOOTS in fact, is a solution to the big problem a lot of traders have--OVERTRADING; HOOTS prevents them from overtrading and makes them behave how they actually want to; they really would like to be very fussy and therefore selectively pick their trades.

  HOOTS is not a 'black box'; it still requires you to engage your brain and let the market direction reveal itself.

  There is no grunt work with HOOTS -- all the calculations are done for us and the results displayed about 10 minutes after the close of the market. Remember we are only interested in a HOOTS convergence pattern in the futures instrument not the cash instrument.

  HOOTS allows me to anticipate a big move day coming; and then we can trade, in the knowledge that the move is likely to GO somewhere.

  HOOTS works very well with big liquid markets like the stock indexes.

  HOOTS -- try it -- you will like it!.

  Duncan Robertson

  Try HOOTS

  The copy protected version of HOOTS is available for download as a self-extracting compressed archive that includes installation and activation instructions. Please note that the program will not run without a code being supplied.

  All correspondence regarding HOOTS, including licence purchasing details and activation or update codes, should be addressed to hoots@learntotradefutures.com

  To proceed to download HOOTS, please CLICK HERE (763 Kb)

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  HOOTS is owned by Duncan Robertson and is protected by the laws of the UK and international treaties. The HOOTS methodologies are considered the intellectual property of Duncan Robertson. Inventions and patent protection are pending. The user should assume that patent protection is in effect.