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Dump it Here

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The weekly summary
Despite the challenging market conditions, I remain confident in the Pressure Strategy's potential for long-term success. The strategy's first week of trading did not go as planned, with the ASX XAO index starting the week at 7482.6 and closing at 7270, a decline of over 3%. This unfavorable trading environment undoubtedly had an impact on the strategy's performance.

However, it's important to remember that the Pressure Strategy is designed to perform well in a variety of market conditions, including periods of volatility and uncertainty. While the Pressure Strategy's first week of trading was not as successful as I had hoped, I remain confident in its potential for long-term success and I will continue to monitor its performance closely and make any necessary adjustments.

Skate.
 
ducati916 said:
This (and those who are into mechanical backtests etc can test this) is one of the most reliable timeframes linked with a signal: ie the 10 period SMA on monthly prices. Long when above, short when below.
Click to expand...

For those who read Duc's Daily Dozen thread
The idea of using the 10-period SMA on monthly prices as a signal for long and short positions has some merit, but it's important to consider the limitations of the strategy. While it's a simple and time-tested approach, it may not be adaptable to changing market conditions and doesn't take into account other important factors like volume, momentum, etc.

Additionally, the 10-period SMA can produce false signals, especially during periods of high volatility or choppy price action. To increase its effectiveness, it's important to combine this strategy with other forms of analysis and risk management techniques, such as stop-losses, takeProfitStops, and position sizing. It's also important to conduct thorough backtesting before implementing any trading strategy, something I lack using the Norgate Silver Subscription Data Set.

Skate.
 


The Pressure Strategy
A Simple yet Effective Approach to Trend Following. After reading @ducati916's suggestion to use a Monthly Simple Moving Average (SMA), I'd like to share my latest strategy that utilises a similar idea. The Pressure Strategy is a simple yet powerful approach to trend following that leverages the SMA to identify the direction and strength of the trend.

The strategy is based on the idea that a simple trading strategy that uses a moving average comparison can effectively determine the trend. By comparing the current SMA to its value two weeks ago, we can generate buy and sell signals. If the current SMA is greater than its value two weeks ago, the trend is considered upward, and a buy signal is generated. Conversely, if the current SMA is less than its value two weeks ago, the trend is considered downward, and a sell signal is generated.

The beauty of this strategy lies in its simplicity. By using a simple moving average, we get a smoothed-out view of the price action, which helps identify the overall direction and strength of the trend. Additionally, looking at the direction of the moving average over a longer period of time allows us to filter out short-term fluctuations and focus on the bigger picture.

In summary, the Pressure Strategy is a straightforward and effective approach to trend following that utilises the SMA to generate buy and sell signals. By leveraging the power of simplicity, this strategy can help traders identify the trend and make informed trading decisions.

Skate.
 
The name of this thread is 'Dump it Here', so I got this email from WallStreet.io offering free charts for everyone. I have my own charting software but some people might want to look at this.

Hey, it’s Micah here with a quick reminder…
My new project, Free Live Charts is now available on desktop, iPhone and Android.

Access is free.
It’s awesome.

And it’s all yours - Click Here for our desktop version.


iPhone App

Click Here to Download iPhone App


Android App

Click Here to Download Android App


We’ve made this free with the hopes of giving access to as many people as possible. Please share this email with everyone, it really helps. Thanks in advance.

Trade with Confidence,
Micah
 
I am too old for free lunches
No thanks but I also note you don't use it
Why do you recommend something you know nothing about

I wait patiently for the results after your Guinea Pigs have had their free lunch LOL!
 
DaveTrade said:
My new project, Free Live Charts is now available on desktop, iPhone and Android. Access is free.
Click to expand...

Had a look ..... US Stocks

The Free package obviously doesn't include things like scanning, community and chat features or news streaming ...

But try getting free live price data and chart package in Australia! The US is a bit more "progressive/competitive"

The Charting package looks very good and detailed

If you trade US Stocks it would be useful. If you want the bells and whistles there is a monthly fee.

Im not too interested in US stocks so not something I'll use but for Free, there's not much to complain about.
 
Human decision-making over mechanical system trading
Human decision-making and mechanical system trading each have their advantages and disadvantages. Human traders can bring intuition and expertise to the table, but they also introduce biases and emotional influences that can negatively impact trading performance. On the other hand, mechanical system trading is more objective and less prone to biases, but it may miss out on profitable trades or struggle to adapt quickly to changing market conditions.

The best approach depends on your personal preferences
By carefully weighing the pros and cons of each approach and considering your unique needs, you can choose the best method for your trading style and achieve greater success in the markets. Additionally, for wealth creation, long-term investing in dividend-paying assets offers an alternative avenue, generating passive income over time.

Skate.
 
I believe it is all about Technical verses Technical
 
Are you back again with your "Parcels"
The minimum parcel on the ASX is $500
Am I correct in assuming you and our much loved Sea cadet Barney trade in Parcels?
I must admit
" It makes one feel rich when you own I,000,000 shares" in a share that is not worth ONE Cent !"

It is almost as Silly as Owning GOLD in AUS DOLLARS

Salute and Stay Safe
 
and i felt really rich when my OTE shares @ 1.4 cents morphed into ISX and i sold them at $1 shortly before the ASX halted trading

BTW the WOW inheritance would have bought me a very nice car in 2011 , but then i don't have a licence

i only reduced the WOW holding by 93% which is a comfortable amount considering their last decade of performance

nothing wrong with penny stocks when you get it right
 
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