Australian (ASX) Stock Market Forum

Technical Trading Exercise (Pavilion103 and tech/a) Discussion

tech/a

No Ordinary Duck
Joined
14 October 2004
Posts
20,417
Reactions
6,356
Back in 2012 Pav mailed me with a request for help.
His trading was erratic and he was dis heartened with his results.
So we ran a few charts of his to see how I could help.

Discretionary technical trading would in my view be one of the hardest
trading methods I know of to master. Yet one of the simplest.
This is where Pav was engaged---discretionary---VSA based.

It soon became clear that the easiest way to do this would be for me to
run a portfolio in real-time. Mark up charts on an as necessary basis and
send them to Pav so he could see the Setups/Trade/stops/Trade management/Trailing stops/
Watch lists/Pyramiding and of course Exits in a real-time running portfolio.
The practical application rather than chart theory.

So in Jan (13/1) that's what we started. Pav tells me he has had some light bulb moments.

There are a few Fundamental methods running on ASF but not a single Technical one.
The portfolio has been documented by Pav who keeps an up to date spread sheet of
all past and present trades.

To now the portfolio is running at +50% on initial capital since inception in January.
87 emails and around 125 charts.Of course a heap of other interesting stats on Drawdown win Loss etc.


Ive had a chat to Pav and Joe and if there is enough interest we (Pav and I) are happy to run it a week behind real-time as the
Last time I did this ASIC was all over the website getting excited---I don't have a licence.

It takes a bit of work and Ill email Joe in R/Time for verification---You'll see it a week later.
We thought that there maybe some in the same boat as Pav was,and that in the future it could serve as a point of reference a place to ask direct questions and see the practical application of a technical methodology.

If you have an interest then let me/us (Pav) know below.
 
Re: Technical Trading Exercise---Discretionary, (Pavilion103 & tech/a)

I'm overly interested, when's it start? - sooner the better :D:xyxthumbs
 
Re: Technical Trading Exercise---Discretionary, (Pavilion103 & tech/a)

G/Day TECH, I would like to register my interest!!!!!
 
Re: Technical Trading Exercise---Discretionary, (Pavilion103 & tech/a)

Would be a brilliant educational tool, I'm sure all skill levels could learn something!
 
Re: Technical Trading Exercise---Discretionary, (Pavilion103 & tech/a)

Very interested in seeing this happen. I am a discretionary technical trader myself so this is dear to heart! :)
 
Re: Technical Trading Exercise---Discretionary, (Pavilion103 & tech/a)

+1 tell us more tech/a :)
 
Re: Technical Trading Exercise---Discretionary, (Pavilion103 & tech/a)

Last time I did this ASIC was all over the website getting excited---I don't have a licence.

ASIC?? No, they don't moderate web forums!! Where's the link to this so-called ASIC interference??

You can post the trades you are making in real time. Plenty of others have done this without any problem whatsoever. eg. Trader Girl.

Anyone can post up trades after the fact. Means nothing.
 
Re: Technical Trading Exercise---Discretionary, (Pavilion103 & tech/a)

ASIC?? No, they don't moderate web forums!! Where's the link to this so-called ASIC interference??

You can post the trades you are making in real time. Plenty of others have done this without any problem whatsoever. eg. Trader Girl.

Anyone can post up trades after the fact. Means nothing.

Joe has the facts.
I've sent you a private mail--they are the facts.
If your going to jump on everything as soon as its posted.
Trust me I wont bother posting.

Pav and I have been going along fine without involving ASF and will no doubt continue.
We just thought it maybe beneficial to others.
Ive asked Joe to lock the trading chart thread and we will start a Q&A thread---so the chart thread doesn't get trashed--Joe has agreed.
 
Re: Technical Trading Exercise---Discretionary, (Pavilion103 & tech/a)

+58

I have recently decided to focus on tech/a approach, quite the task with 270 pages of past comments. Def looking forward to this.

Fiftyeight
 
Re: Technical Trading Exercise---Discretionary, (Pavilion103 & tech/a)

ASIC?? No, they don't moderate web forums!! Where's the link to this so-called ASIC interference??

You can post the trades you are making in real time. Plenty of others have done this without any problem whatsoever. eg. Trader Girl.

Anyone can post up trades after the fact. Means nothing.

You have run a stock forum?

Where's the link/

Many years ago on another forum tech/a posted up all the the trades on a very successful account that he multiplied in $ value.
From a learning perspective it was an excellent resource but it reached a point where ASIC took a slightly dim view of it.

I believe that something similiar would probably be really appreciated by the majority on here who are always willing to continue learning and looking at how successful traders operate.

If all the sciolists on here could just sit on their hands for a while and maybe actually learn something rather than inserting the usual nonsense I believe it would be appreciated - pretty please FFS :banghead:

Joe has the facts.
I've sent you a private mail--they are the facts.
If your going to jump on everything as soon as its posted.
Trust me I wont bother posting.


Pav and I have been going along fine without involving ASF and will no doubt continue.
We just thought it maybe beneficial to others.
Ive asked Joe to lock the trading chart thread and we will start a Q&A thread---so the chart thread doesn't get trashed--Joe has agreed.

I know you have the best intentions tech/a and it would be beneficial to the majority on here, and in turn this forum in general but having said that, I sometimes wonder why you even bother.

I do hope that we can have a educational thread on here comes close to the one of old, that still stands out in my memory.

Cheers
 
Re: Technical Trading Exercise---Discretionary, (Pavilion103 & tech/a)

Joe has the facts.
I've sent you a private mail--they are the facts.
If your going to jump on everything as soon as its posted.
Trust me I wont bother posting.

Pav and I have been going along fine without involving ASF and will no doubt continue.
We just thought it maybe beneficial to others.
Ive asked Joe to lock the trading chart thread and we will start a Q&A thread---so the chart thread doesn't get trashed--Joe has agreed.

Now you're cooking Tech!:xyxthumbs

Roll on!
 
Re: Technical Trading Exercise---Discretionary, (Pavilion103 & tech/a)

Very nice of you to offer Tech/A & yes would be interested, thanks.
 
Re: Technical Trading Exercise---Discretionary, (Pavilion103 & tech/a)

I must say, sometimes in life it is a matter of being in the right place at the right time, although I guess sometimes those who ask create their own luck....

This has been an incredible educational period for me. Originally asking for a few pointers, and then to be given hundreds of analysed charts, updated daily with the opportunity to discuss anything trading related is probably (well definitely) worth thousands of dollars in terms of value.

There have been some light bulb moments and I have learnt far more than in any book. Not just the setups, but the entire aspect of trading has opened my eyes to the enormous potential (and in this case realised potential) for great profitability.

I am now profitable, taking a number of these trades, as well as a number of my own and understanding what it takes to make money in the markets.

I went past Tech's place on Saturday morning and the opportunity to spend a few hours discussing trading and analysing charts was incredibly beneficial. Another level up.

You will all benefit greatly from the generous information being provided by Tech and I must thank him personally for pouring unnecessary amounts of his time into my own education

Top trader, top bloke :xyxthumbs
 
Re: Technical Trading Exercise---Discretionary, (Pavilion103 & tech/a)

Would definitely be interested, thanks
 
Re: Technical Trading Exercise---Discretionary, (Pavilion103 & tech/a)

To have access to hundreds of charts where someone who knows what to look for has confirmed that there actually is something there to see... And to see it actually applied... Just the knowledge that time spend studying isn't wasted is valuable beyond description.

When you study a chart on your own, you're trying to look for signs of the move before it happened. What was this chart telling me before the move? But for all you know this particular chart might not be telling you anything. It may be a terrible example of VSA with nothing there to see, yet I'm looking for something. And so it goes, day after day, year after year, looking for patterns amongst the noise.

Hold on to those emails and charts guys. If Tech pulls the pin on this thread due to comments by people who don't appreciate his efforts, I'll be offering to pay the two of you to get a hold of that material. Whether you accept or not is a different matter of course.
 
Re: Technical Trading Exercise---Discretionary, (Pavilion103 & tech/a)

Will take a while to compile the information for you so you can get in my head as to what I look for and why.
Good news is that I trade very simply.
Right hand edge and decisively.
We have just been stopped out of this trade.
Here is the original trade and the chart with notations as we went along.
This is the sort of thing you'll be getting used to seeing.
Plenty of losses and Break evens along the way as well
Warts and all.

Click to enlarge

Matt 47.gif

Matt 71.gif

And the stop was well and truly executed.
But previously the question was asked and
answered.

matt 83.gif

We certainly got that reversal.
Anyway just an example.
 
Re: Technical Trading Exercise---Discretionary, (Pavilion103 & tech/a)

Tech I'll get in early and ask, do you just eyeball these patterns or scan for them with a coded scan? I'm sure there will be a few that will want to know...

Thanks in advance.

CanOz
 
Re: Technical Trading Exercise---Discretionary, (Pavilion103 & tech/a)

Tech I'll get in early and ask, do you just eyeball these patterns or scan for them with a coded scan? I'm sure there will be a few that will want to know...

Thanks in advance.

CanOz

I'll go into a fair bit in the introduction which will be in the locked thread
But before I do ---

Both.
But here is a hint.
Patterns are definately what I'm lookin for ( in this discretionary method )

I want patterns that are Likely continuation patterns.
Small and compact are preferable.

To code specific patterns is terribly difficult if you've ever tried.
So I use my favorite scans for breakout trading ( I can easily identify a breakout )
And then add an alert function to the formula.
IE I'll have a 5 and 10 period look back. It will show what's happened 5 and 10 periods after a breakout has been identified in the scan.

Here I eyeball charts looking for patterns that in my view have potential.
There are many happening in the telecommunications sector.
One on our watch list last night is TLS.I'm sure you'll see it if you have a look.
So you can watch this for continuation or pattern failure.

This eyeballing takes me around 3 seconds a chart and about a minute if one looks a potential.
There are other considerations but will look deeper further down the track
 
Top