Daffy Trades Micro Patterns under $1

[tech/a]

Re: Daffy Trades Micro Patterns under 10c

I take it this thread is only for entertainment value as NMT gapped from 9.9c to 9.6c and didn't trade enough volume to exit 75,000 until 9.4c - and that's without considering your impact if the trade was real.

Yes good point.
Ill adjust.
Loss $450

Stop on initial position raised to .093c

I think Ill have to actually trade these.
Even my position may have had an influence.
Don't want it to be amusement only.

Although I'm sure you'll always find it amusing Craft.

 

[craft]

Re: Daffy Trades Micro Patterns under 10c

Yes good point.
Ill adjust.
Loss $450

Stop on initial position raised to .093c

I think Ill have to actually trade these.
Even my position may have had an influence.
Don't want it to be amusement only.

Although I'm sure you'll always find it amusing Craft.

I like a good cartoon as much as the next guy - but I prefer my trading based on reality.

What's the entry price and position size on the original parcel? looks like it gapped form 8.3c to 8.8c on open yesterday.

What's the use of a paper trade if it's not based on reality? We wouldn't want to be deceiving ourselves would we.

Its good you understand how the reflexivity of your trading could distort the paper trade record at this end of the market.

 

[tech/a]

Re: Daffy Trades Micro Patterns under 10c

Don't have yesterdays course of trades.
Trade of 8.4c was taken on 12/5
but would appreciate if you could check this.

I've Live data for ASX setup again so
will start trading live.

This will be difficult as I'm in and out all the time to sites
and various meetings. Still I'll post up for a while
and publish the live screen shots---just to keep the
cartoon as realistic as possible. If there is no interest
and the thread is treated as Looney tunes Ill stop.

The object is to look for outliers which in these stocks occur from time to time.
Lots of small losses and good winning trades---has served me well in the past with stocks.

But as most know trading the DAX as time is a killer for me. I thought long about
putting this up---purely due to time restraints.

Still if you don't mind having a look for me Craft Id appreciate it and will
adjust accordingly
Thanks.

 

[craft]

Re: Daffy Trades Micro Patterns under 10c

Don't have yesterdays course of trades.
Trade of 8.4c was taken on 12/5
but would appreciate if you could check this.

I've Live data for ASX setup again so
will start trading live.

This will be difficult as I'm in and out all the time to sites
and various meetings. Still I'll post up for a while
and publish the live screen shots---just to keep the
cartoon as realistic as possible. If there is no interest
and the thread is treated as Looney tunes Ill stop.

The object is to look for outliers which in these stocks occur from time to time.
Lots of small losses and good winning trades---has served me well in the past with stocks.

But as most know trading the DAX as time is a killer for me. I thought long about
putting this up---purely due to time restraints.

Still if you don't mind having a look for me Craft Id appreciate it and will
adjust accordingly
Thanks.

I haven’t got historical course of trades but have got a chart that may guide us.

It gapped from 8.3 to 8.8 across your trigger. At a guess the whole bar from 8.8 to 9.0 was probably one trade. Next to no volume for the rest of the 12th.

Open bar on Wednesday was 9.0-9.2 probably the first real chance to enter. Your volume here still could have affected the opening auction price – you will never know unless you actually trade it.

I appreciate your efforts to keep it real and will respect the thread accordingly if you continue to do so.

 

[tech/a]

Re: Daffy Trades Micro Patterns under 10c

OK
As this is early days and I totally agree with you.
Ill set up for live and Start again.
The trades so far are about B/E so no big deal.

If this is fine with those interested.

Thanks
For the input.
Id expect no less.

 

[Wysiwyg]

Re: Daffy Trades Micro Patterns under 10c

Pyramid stopped $150 loss.
Initial trade still open.

Just to confirm, if your stop loss order was placed at .098 it would still be untouched at that price. If a share price gaps a predefined stop loss as in this case, does the order get placed at market?

 

[tech/a]

Re: Daffy Trades Micro Patterns under 10c

Wysi

Don't want this sort of back and forth in the thread.
If its placed at a price and not executed then it would still be sitting there.
Until I got back to the office and executed it.

Best to do this real-time which will be traded as I trade it warts and all.
You'll even be able to see the trades.

 

[RazzaDazzla]

Re: Daffy Trades Micro Patterns under 10c

Still I'll post up for a while
and publish the live screen shots---just to keep the
cartoon as realistic as possible. If there is no interest
and the thread is treated as Looney tunes Ill stop.

+1 to keep the thread going, I'm personally enjoying the experience of learning from your live trades.

 

[tech/a]

Re: Daffy Trades Micro Patterns under 20c

Have asked Joe to alter title to 20c
Liquidity filter $300,000 a day.
Increasing maximum initial capital at risk to 2%
Will add codes to charts after a trade has been taken.
Will be trading myself.

Just ran a scan 3 on alert.
Ill explain each trade when taken.

Thanks Craft for your diligence.

 

[RazzaDazzla]

Re: Daffy Trades Micro Patterns under 20c

If you could post charts as they appear on your scanner that would be great. I enjoy watching the action unfold in real time.

 

[5oclock]

Re: Daffy Trades Micro Patterns under 20c

Watching this with interest TECH.

 

[tech/a]

Re: Daffy Trades Micro Patterns under 20c

Here are 5 charts that have patterns for consideration.
There are only a few I really like but as this is for people to follow I posted up the 5

I may take none to all of them.
I have marked the important aspects of each pattern.

Click to expand

 

[RazzaDazzla]

Re: Daffy Trades Micro Patterns under 20c

Interesting charts, agree, some look better than others.

Do you put more emphasis/importance on breaks of horizontal resistance levels opposed to diagonal lines?

Once you scan your 20c stocks with volume > $300K; do you just eyeball the charts for setups you like, or do you have another scan criteria that helps you identify possible setups?

 

[dutchie]

Re: Daffy Trades Micro Patterns under 20c

Interesting thread tech/a. Keep up the good work.

 

[tech/a]

Re: Daffy Trades Micro Patterns under 20c

ADJ only one triggered.
Not a 10 in my view probably a 6
I am not trading this but as it fits the criteria
Ill add it in as our Number 1. I'm sure it would
have been filled see course of trades.

I will trade as many of these as I can because my
trades may have a small influence.






If I cant still get enough good setups I'll expand to 30C
Currently my universe is less than 20c and more than 5c

Once a patterns breaks down from any on my watch list I remove it from the list.

 

[myrtie100]

Re: Daffy Trades Micro Patterns under 20c

What don't you like about the chart tech/a, to rate it a 6 out of 10?

Do you think it might find resistance between .125c and .135c?

 

[RazzaDazzla]

Re: Daffy Trades Micro Patterns under 20c

Tech, you mentioned in your chart of ADJ: "Did not buy this, was not in the office". IS there a reason why you wouldn't have just put all your orders to open your positions in as stops (with attached stop losses) so that you didn't have to be in front of the screen?

 

[tech/a]

Re: Daffy Trades Micro Patterns under 20c

What don't you like about the chart tech/a, to rate it a 6 out of 10?

Do you think it might find resistance between .125c and .135c?

Resistance is the main reason.
Has taken a bit of volume to get here so there is supply.
This is both a positive and negative.

Click to expand

Tech, you mentioned in your chart of ADJ: "Did not buy this, was not in the office". IS there a reason why you wouldn't have just put all your orders to open your positions in as stops (with attached stop losses) so that you didn't have to be in front of the screen?

I had 2 buys in -- not this one. I wont be trading every setup.
Wasn't in the office to see this go to 11.5c
Saw it on download.

 

[tech/a]

Re: Daffy Trades Micro Patterns under 20c

A couple more for the watch list.
Nothing that's really ready more developing.

Click to expand

 

[RazzaDazzla]

Re: Daffy Trades Micro Patterns under 20c

I like your comments about the volume on the charts. I've never studied volume in detail, but I do like the analogy of "effort". It does look good to see price rising on less volume than required before. Some people though may take the other view and say "hey, it's a 'low volume' rise, therefore no one's really buying".

What's your stop loss strategy? Do you aggressively follow with a programmed stop using something like SaR, or previous X days low?

Do you take any consideration of the broader market such as some sort of index filter?