How I trade

[Chorlton]

Off-Topic - Price Errors between Data Providers

A few days ago, I raised a concern on here about the accuracy of the Price Data between my data Provider (JustData) and Premium Data.

As an update to anyone interested, I contacted JustData and received this reply.

Dear Mr .....

Thank you for your email regarding the ASX symbol SGN. I have looked into this symbol thoroughly and can see that we have missed an adjustment that should have been applied on the 24/04/09. I have rectified this by putting a manual adjustment through today which will adjust your chart when you update tonight.

We rely on the ASX for adjustment information which we receive as a daily 'corporate action' file. I am currently investigating with our ASX representative as to why this information was not included in this file.
If you have concerns about any of your other charts please feel free to contact me.

Regards


It seems that under normal conditions Stock Splits are accounted for and that this could be a one-off problem.

PS. Apologies to Brad for interupting this thread but I just wanted to update others (who are following this thread and use JustData) that they shouldn't start worrying about the accuracy of their data.

Regards,

Chorlton

 

[beamstas]

Off-Topic - Price Errors between Data Providers

A few days ago, I raised a concern on here about the accuracy of the Price Data between my data Provider (JustData) and Premium Data.

As an update to anyone interested, I contacted JustData and received this reply.

Dear Mr .....

Thank you for your email regarding the ASX symbol SGN. I have looked into this symbol thoroughly and can see that we have missed an adjustment that should have been applied on the 24/04/09. I have rectified this by putting a manual adjustment through today which will adjust your chart when you update tonight.

We rely on the ASX for adjustment information which we receive as a daily 'corporate action' file. I am currently investigating with our ASX representative as to why this information was not included in this file.
If you have concerns about any of your other charts please feel free to contact me.

Regards


It seems that under normal conditions Stock Splits are accounted for and that this could be a one-off problem.

PS. Apologies to Brad for interupting this thread but I just wanted to update others (who are following this thread and use JustData) that they shouldn't start worrying about the accuracy of their data.

Regards,

Chorlton

Cheers Chrolton
Makes you wonder why premiumdata picked up the split and not just data
At least good news that JustData Data isn't redundant

Brad

 

[Chorlton]

At least good news that JustData Data isn't redundant

Brad

Very True..... especially given all the system development I've done to date !!!

 

[--B--]

great thread beamstas. i really appreciate you taking the time to explain your trades and opinions of charts. as someone completely new to trading, im really finding this thread to be of great value.

keep up the great work!

 

[warezwana]

Nice thread... good to see so many experienced people sharing their knowledge and time...


p.s Wish I had seen this forum before Optionetics saw me coming

 

[ZR1]

Hi All, Newbie here. Great posts, very informative for a new player like myself. I'm wondering what some of you are using to calculate your stop loss position. My last few trades whilst I have made profits been stopped out prematurely. I've tried a combination of methods such as countback and indicator based but still finding difficulty fine tuning it. Often I’m only JUST getting stopped out by a low in price only to have the price close higher.

thanks All

 

[chrislp]

Hi All, Newbie here. Great posts, very informative for a new player like myself. I'm wondering what some of you are using to calculate your stop loss position. My last few trades whilst I have made profits been stopped out prematurely. I've tried a combination of methods such as countback and indicator based but still finding difficulty fine tuning it. Often I’m only JUST getting stopped out by a low in price only to have the price close higher.

thanks All

Personally I use pivot highs if short of pivot lows if long.

 

[ZR1]

Thanks Chrislp,

do you use Calculated Pivots or price pivots

cheers

 

[chrislp]

Just price pivots, usually 1c below a low or high. It's a fairly obvious stop but it works for me & keeps me in a trend.

However it works best in cleaner trends as choppy price action stops you out more often. I prefer to avoid choppy price action anyway.

 

[mattswrxy]

Thanks for sharing your trades.

 

[ZR1]

Thanks for the insight Chrislp.

cheers