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
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.
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.
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?
Is this trading scheme totally half baked and idiotic?
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.
First and only comment ...This thread started off strange and has now just become idiotic.
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?
First and only comment ...
Is this jokers 15 minutes of fame over?
Totally agree, sQ;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.
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.
How about you pull your half baked heads out from between your legs and your uhhh mates while you're down there.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.
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.
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