Eclipse Trader

Eclipse Trader is a free open-source charting platform available from http://eclipsetrader.sourceforge.net focused to the building of an online trading system. The standard Eclipse RCP plug-ins architecture allows third-party vendors to extend the functionality, providing developer’s an opportunity to extend the functionality of the application. Like many open source projects, the range of features relies on programmers providing their time and skills to develop the application further.

Eclipse Trader provides the user with a range of Technical Analysis indicators and tools. The feeds available are Yahoo! Finance, Open Tick and DirectaWorld. Level II feed available through OpenTick and Archipelago. Hopefully more developers come on board to develop other subscription-base date feeds, or interface with QuoteTracker.

Eclipse Trader has a useful feature to scan a stock and provide a list of key patterns including Gap Rules, Key Reversal, High / Low Reversal and many more.

A simple portfolio management interface is also provided as part of the platform. This system is very basic, and doesn’t provide a means to add funds or dividends, it only controls the buys and sells of securities.

With new releases available on average every 3 months, the development of the project is extremely active. Please check out the Feature Request page to find out new features planned for release http://sourceforge.net/tracker/?group_id=116488&atid=674949. Being developed in Java, Eclipse Trader can also be used on windows, Linux and Mac OSX systems. A lot of work is still required before Eclipse Trader can match the expensive charting applications, but I would recommend readers download a copy, and maintain an interest in it's development.

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AGLOCO

Bit of a detour from trading but I thought I would blog about a chance to help build AGLOCO – it is a Member-owned Internet community.

Here is why I would like you to help. First – it is free. Second - it is quick and easy to join. Third – AGLOCO’s purpose is to get its members their share of the money generated on the Internet (i.e. you make money). And lastly – if you help build the AGLOCO network you can make much more.

Here is a link to sign up (it automatically records me as referring you with my ID BBBN2567) http://www.agloco.com/r/BBBN2567

AGLOCO works with a toolbar type software called a Viewbar. Privacy is very strict so no spyware, popups or spam.

As to how much money you can make, there is a study which says the average user should get $5 to $15 a month. (But less at the beginning.)
Click here to read the report. http://simmonsreport.spaces.live.com

How much can you make helping to build the network? The Simmons Report predicts $30 per referral.

I have 20, but a friend of mine RZ McCall has over 8,000. He has a great blog site http://mccallsnotes.spaces.live.com.

AGLOCO is in their beta phase which is the best time to help them build out the network.

So please join now and help build the network. Have questions?

Their website has all the details so go there http://www.agloco.com/r/BBBN2567 or ask me.

Market Ninja

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Chart Watch 2007-01-23

Couple of good days with the ASX opportunities and we have some stops moving up based on our count back line.

AUSTIN EXPLORATION LIMITED - AKK



Closed at $1.015, up from $0.88 at recommendation. Count back line moved up to $0.85 from $0.79.

Industrea – IDL



Bounced nicely from the long term group, and stayed above out stop loss of $0.305. Current close at $0.325, but still below the $0.33 recommendation.

Eastern Star – ESG



Uptrend looks intact, stop loss still at $0.275, current close at $0.295

Charter Hall – CHC



This one keeps moving up. Stop loss has been moved up to $2.39, current close at $2.50

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Chart Watch 2007-01-21

AUSTIN EXPLORATION LIMITED - AKK



A Bullish hammer occurred on the 12th, which has a low reliability. It requires confirmation of the implied trend reversal by a white candlestick, a large gap up or a higher close on the next trading day, which occurred on the 15th with a bullish engulfing candle.

As we can see on the chart we have clearly defined trend line, spread of the long term group and contraction of the short term group. Current count back line at $0.79, close on Friday at $0.88.

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