Zunaa Indicators and Strategies
|November 28th, 2013, 06:53 PM||#1 (permalink)|
Houston, Texas USA
Futures Experience: Advanced
Platform: NinjaTrader, MultiCharts, TradeStation, NeuroShell, AmiBroker
Broker/Data: Interactive Brokers, TradeStation, DTN/IQ
Favorite Futures: TF, EMD, NQ, CL
Posts: 29 since Mar 2011
Thanks: 12 given, 78 received
Zunaa Indicators and Strategies
In a previous posting ("What Programs Have You Bought? Confess"), I mentioned that Zunaa was one of the many products I've bought over the years in my trading career. Since that posting about two years ago, I've been getting quite a few PMs asking specifically about my experiences with the Zunaa products. So I thought it would be good to share these thoughts with everyone on the forum. As well, possibly open a discussion about this type of trading.
So what's all the excitement about Zunaa?? I suppose what drew me in were YouTube videos with Kent (the narrator and primary trader), calmly and confidently putting a 30 contract ES or NQ trade in what appears to be a live TradeStation account. He then scalps several thousand dollars in the space of a few minutes as you watch. Listening to Kent's voice puts you at ease, and you get the impression they really have something solid and robust. Here is an example from their public YouTube channel (be sure to click HD and go full screen):
I did a little more reading, and sent several e-mails to find out who they were. From what I gathered, Zunaa is a group of 3 guys in the Washington DC area. By and large, they use price profile and proprietary derivatives thereof, along with a number of supporting indicators all for sale on their website. I should also note they give away for free some popular and basic indicators as a bonus. As I understand it, they started out by doing one-on-one live training, for about $5000 per week predominantly for professional traders. This became a time consuming burden for them, and led to the development of the various Zunaa "strategies". It's important to note that their definition of a strategy is not a TradeStation ELD that you install and automate each day, but a methodology that's taught via a series of proprietary YouTube videos, and PDF handout that's provided with the purchase. It's also worth mentioning that they only support TradeStation, and will have to say their indicators are very well coded and have performed quite well in most instances.
So what are my experiences with Zunaa? For starters I spent several thousand dollars on the Apex, Apex Q, and Market Internals strategies. This was combined with a number of other supporting indicators, mostly related to volume and their proprietary TradeStation Price Profile implementation. The key component to everything were the private YouTube recordings where Kent details his trading regimen. At the core of everything is something called the "Dynamic Point Of Control" (DPOC). This is a simple horizontal line that's displayed on a 2 minute candlestick chart and moves from one price level to another during the course of the day session. The DPOC is produced from a separate 1-tick chart, and uses the AllDataEverywhere DLL to ultimately produce and transmit that line to the 2 minute chart. So imagine creating a 1-tick chart on the ES with one day of data - it's pretty huge. They recommend that you have at least 6 days of this data. This drives a daily DPOC, and also one that summarizes the previous week's worth of data. Needless to say the 6 days worth of 1-tick ES data is intense, and takes several minutes just to load the chart. If you want both the ES and NQ charts, then it can start pushing your PC to the limit. I ended up buying a new and powerful custom PC with 12GB of RAM, but not sure it helped, as TradeStation was (and still is at this writing) a 32 bit application with memory limitations.
Limitations aside, I found the training videos to be very helpful. If nothing else, to experience a walk through with someone who's quite talented. In the videos Kent details at least 15 different ways to trade off the DPOC line on the current day chart, and using levels set from DPOC's on previous days. It ends up being all about price profile, but with a twist here and there. The different ways to trade these DPOC levels started to become a blur at some point, and felt like they were starting to conflict with one another. In other words you might end up with a situation where both a long and short setup could happen at the same time. So what do you do? There was really no clear answers in these situations, but was really left up to you to figure things out on your own. With that being the case, I've done exactly that.
I continue to use the DPOC, but found that it's more precise when charting the SPY ETF. The SPY has massive volume each trading day, and using that as a proxy for the ES, EMD, YM, or even NQ. The essence of the DPOC or price profile is to find out volume at every price level. From there, some magical algorithm plots the point of control. That line, can for example, start at some level that's relatively lower than the current price indicating support with a bias to go long. So you're looking for a potential ABC bounce pattern off that level. Later in the day the DPOC may dramatically shift to some higher level relative price, and subsequently you'd be looking for short. Part of their package also includes a very nicely implemented VWAP, and is more or less used as target levels for the trade exit.
There's a lot more I could say, but that gives an idea of what Zunaa is all about. I think they are an honest and sincere group of guys, but you should plan to be very much on your own once you receive the package. You should also be fairly adept with TradeStation, as that's the only platform they support. Also, there's no phone number to call for help. I think one should plan to spend at least one month or more absorbing the material and getting comfortable with this methodology. There is no substitute for the discipline you'll need to be successful with this. To be cool as a cucumber putting on a 30 contract trade, is really something that's up to you - and is the case no matter what system that's being used.
On a final note, it seems like Zunaa may have discontinued their operation. In another thread, I've heard that Kent was involved in an accident of some sort. I've tried to reach out by e-mail, but no one has responded. Their website is still up and running, and appears that you can still buy things. Also, all their public YouTube videos are still there, but the latest posted recording was about 2 years ago. So don't know how to advise in case there's any interest.
Hope this helps all those who've wanted to know my experiences with Zunaa.