Half baked trading scheme (Market Depth)

[tech/a]

Just as bad as the system that says
"Go long if directors are buying!"
Another one of Nielsen's cracker ideas.

 

[TabJockey]

Re: Half baked trading scheme

Even though ERA went up today, it was weak and the stock now looks like it's at a 5 or 6 year low. I'm not sure if there is a reason for it

Hahahaha if you don't know why ERA is at a 5 year low you should probably find out! (Hint: Google Japan and Uranium)

 

[skc]

Just as bad as the system that says
"Go long if directors are buying!"
Another one of Nielsen's cracker ideas.

Forget about the merits of the OP's idea in the first place... I think there are important lessons here for everyone.

- An idea isn't a trading system. There are many other parameters that need to be in place before you have a system.

- An idea isn't a bad place to start a trading system. IMO a trading system grounded in an idea / observation is much more likely to succeed, and be more robust, than a system that is just an optimisation of curve fitted parameters.

- An idea should probably be back tested / paper traded before you trade it with too much real money.

- Sometimes by sharing your idea on the ASF, you can get valuable input from other members and make some improvements.

 

[tech/a]

Forget about the merits of the OP's idea in the first place... I think there are important lessons here for everyone.

- An idea isn't a trading system. There are many other parameters that need to be in place before you have a system.

- An idea isn't a bad place to start a trading system. IMO a trading system grounded in an idea / observation is much more likely to succeed, and be more robust, than a system that is just an optimisation of curve fitted parameters.

- An idea should probably be back tested / paper traded before you trade it with too much real money.

- Sometimes by sharing your idea on the ASF, you can get valuable input from other members and make some improvements.

Spot on.

 

[LifeChoices]

Spot on.

Yeah, spot on.

My market depth idea is telling me to get out of HST, CVN and GOR today. Still a bit of support left for MSB. But at the moment my puter tells me there are not many buyers about today.

Shares sucks at the moment despite me making some very good gains, I'm going to just sit back for a bit before I buy into it again.

On another thought, when you guys have perfected analyzing your triangles and stuff. I'm looking for someone to help me write an computer program that will read my emails.

 

[tech/a]

Yeah, spot on.

My market depth idea is telling me to get out of HST, CVN and GOR today. Still a bit of support left for MSB. But at the moment my puter tells me there are not many buyers about today.

Shares sucks at the moment despite me making some very good gains, I'm going to just sit back for a bit before I buy into it again.

On another thought, when you guys have perfected analyzing your triangles and stuff. I'm looking for someone to help me write an computer program that will read my emails.

So a week ago it was get in and now its get out.
In otherwords it tells you about as much as the daily index direction.
Enjoy.

 

[LifeChoices]

So a week ago it was get in and now its get out.
In otherwords it tells you about as much as the daily index direction.
Enjoy.

Sorry, can you draw me a triangle and show me what you mean?

 

[tech/a]

Sorry, can you draw me a triangle and show me what you mean?

Irrelevant

Is this trading scheme totally half baked and idiotic?

Yes.

 

[Noddy]

How can millions of buy orders, all below market price, make a price go up ?
Same with sell orders, how can they make a price go down ?
Buy and sell orders in market depth aren't even in the game unless the price changes.

Have a look at VBA for example, has had millions more buy orders than sells in market depth for a few days now, but the price keeps falling.

Business takes place at market, wherever that is, is subject to random unpredictable activity, and the market depth is a useless indicator of price movement.

So the scheme being discussed in this thread isn't half baked, it's not even warm.

 

[LifeChoices]

How can millions of buy orders, all below market price, make a price go up ?
Same with sell orders, how can they make a price go down ?
Buy and sell orders in market depth aren't even in the game unless the price changes.

Have a look at VBA for example, has had millions more buy orders than sells in market depth for a few days now, but the price keeps falling.

Business takes place at market, wherever that is, is subject to random unpredictable activity, and the market depth is a useless indicator of price movement.

So the scheme being discussed in this thread isn't half baked, it's not even warm.

I'm hearing you noddy. I'm going to get ring up Tom Pretoski from commsec right now and give him an earful about providing me with irrelevant information that is just wasting my time.

I'm going to get me one of those protractor sets and just figure out how you do those triangles and draw those fancy lines on old data - obviously a much better indicator of where the market will go next week.

 

[Assasin]

I'm hearing you noddy. I'm going to get ring up Tom Pretoski from commsec right now and give him an earful about providing me with irrelevant information that is just wasting my time.

I'm going to get me one of those protractor sets and just figure out how you do those triangles and draw those fancy lines on old data - obviously a much better indicator of where the market will go next week.

This thread started off strange and has now just become idiotic.

 

[Gringotts Bank]

Lifechoices, how much have you made since following this system (as a % of capital employed, and from what start date)? And how many stocks have you traded in that time?

 

[Wysiwyg]

This thread started off strange and has now just become idiotic.

First and only comment ...

Is this jokers 15 minutes of fame over?

 

[LifeChoices]

Lifechoices, how much have you made since following this system (as a % of capital employed, and from what start date)? And how many stocks have you traded in that time?

I bought for 0.210 on 05/05/11 and sold today for 0.250. Held them for 5 trading days. Put up $5K now I have $6K

https://www.aussiestockforums.com/forums/showthread.php?t=3597&page=65

Was up a lot more yesterday.

I can see the pitfalls, but when I see a stock falling, near or below it's lowest ever level, and lots of sellers it tells me to watch the stock, it may turn around - CVN and HST did. ERA, really hasn't turned around in the same way, sure the share price has but the support wasn't there.

Works for me.

 

[LifeChoices]

First and only comment ...

Is this jokers 15 minutes of fame over?

If this is all you could come up with for your first and only comment - I'd respond by saying that I think some of you old timers find it very difficult to see past your own self importance.

 

[skyQuake]

less trolling in this thread would be nice.

Was actually looking forward to see some real testing and ideas.

To get the ball rolling.

How about say we look at total vol done via bids, vs total vol done via asks.

 

[pixel]

less trolling in this thread would be nice.

Was actually looking forward to see some real testing and ideas.

To get the ball rolling.

How about say we look at total vol done via bids, vs total vol done via asks.

Totally agree, sQ;
Some trolling, if done with wit, can be amusing and entertaining. The problem comes when it's only half-witted; not only does it become annoying, but also fills so many pages that the original question - including a sensible answer or two - gets pushed back umpty-ump pages. Kills the joy of participating; kills an entire thread; and can ultimately kill an otherwise great Forum.

 

[Wysiwyg]

I shouldn't have to slap you coots but a few whingeing about the quality of posts while their illustrious idol of an original poster comes up with garbage like this .....

I'm hearing you noddy. I'm going to get ring up Tom Pretoski from commsec right now and give him an earful about providing me with irrelevant information that is just wasting my time.

I'm going to get me one of those protractor sets and just figure out how you do those triangles and draw those fancy lines on old data - obviously a much better indicator of where the market will go next week.

On another thought, when you guys have perfected analyzing your triangles and stuff. I'm looking for someone to help me write an computer program that will read my emails.

Is it too late to rename my thread to a less than quarter baked trading scheme? Some of you experts are all over me.

Yeah, I think I'm on to something also. I love the despondent threads in CVN and HST for example ....

scroll down for hangeng https://www.aussiestockforums.com/forums/showthread.php?t=10119&page=3 - very inspiring And then there's another Garpal Gumnut https://www.aussiestockforums.com/forums/showthread.php?t=3597&page=65

Look at dates of posts and then graphs.

Experts everywhere.

How about you pull your half baked heads out from between your legs and your uhhh mates while you're down there.

 

[LifeChoices]

Some of you act as though you were conned by reading this thread - like I killed the Lindberg kid or something.

I didn't twist your arm to read this, it's just another one of many stupid threads on another silly forum.

I'm just writing what's been working for me.

For me this forum Just fills in some time, making extreme profits, while in my dull job and waiting to die of cancer - like the rest of you.

Good luck with your profits and life.

 

[Gringotts Bank]

I bought for 0.210 on 05/05/11 and sold today for 0.250. Held them for 5 trading days. Put up $5K now I have $6K

https://www.aussiestockforums.com/forums/showthread.php?t=3597&page=65

Was up a lot more yesterday.

I can see the pitfalls, but when I see a stock falling, near or below it's lowest ever level, and lots of sellers it tells me to watch the stock, it may turn around - CVN and HST did. ERA, really hasn't turned around in the same way, sure the share price has but the support wasn't there.

Works for me.

19% in 5 days in a very dull market. In other words you probably did miles better than anyone who's reading this thread. Keep posting your buy triggers, because there'd be a few who would be interested to get on if your run continues. But that's the big question - can you keep it up!?