Australian (ASX) Stock Market Forum

It was tough placing my buy orders this morning

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qldfrog said:
sorry to derail the thread MA,

@MovingAverage , did IVC, PFP, ANN or even gold miners appears in your daily system results?
Have you noticed any specific sector highlighted as a buy (not asking for specific codes, and please feel free to answer post your purchases)
I think this could be interesting
Click to expand...

Derail away my friend...derail away. All good.

I've just done a quick scan for setup between this Monday and tomorrow. IVC, PFP and ANN did not generate any setups, but that could also be attributed to the fact that they are outside of the constituents I scan (my system generates a dynamic group of stock constituents that it scans for setups--I'm not just using members of an index) as well as not generating setups. If you want to throw a few gold miners at me I'll take a look for you.
 
Am I worried about trading my swing system in the current market...probably not. here is how it performed in calendar year 2008. 1000 runs in AB and here is the MC output. TradeSim MC is robust too.


2008.png
 
MovingAverage said:
Am I worried about trading my swing system in the current market...probably not. here is how it performed in calendar year 2008. 1000 runs in AB and here is the MC output. TradeSim MC is robust too.


View attachment 100763
Click to expand...
I fully understand but I am afraid it would be hard to get similar results on a weekly system, anyway, my systems were tested for down periods , should be able to disengage when required but momentum is higher..so DD is a fact of life.
 
Good Morning Campers, another day another $.
Taking the same approach today...haven't looked at overnight activity. I'm taking 3 setups today so let's see if they trigger. I'll report back on any positions that trigger. I'm continuing to hold NWS and AVH so let's see of the fat lady sings after close today. Must admit I'm finding it mentally a lot easier to take positions in the bliss of ignorance that comes with completely ignoring media.
 
MovingAverage said:
Good Morning Campers, another day another $.
Taking the same approach today...haven't looked at overnight activity. I'm taking 3 setups today so let's see if they trigger. I'll report back on any positions that trigger. I'm continuing to hold NWS and AVH so let's see of the fat lady sings after close today. Must admit I'm finding it mentally a lot easier to take positions in the bliss of ignorance that comes with completely ignoring media.
Click to expand...
Informed knowledge.aka unload 4 weeks ago, as for system it is indeed better to not look, i do a daily update at eod and it is counterproductive for my weekly system as i see loss gathering..but 8 need to be kept aware for the rest of my portfolio..faring quite well
I agree that systems played in insolation is the way to go ..and the easiest mentally
Good luck on today trades
 
qldfrog said:
i do a daily update at eod and it is counterproductive for my weekly system as i see loss gathering..
Click to expand...

Have to admit I'm not looking forward to running my weekly system on Friday evening... I reckon all positions will have well and truly triggered their stops. Oh well, maybe I'll have a few beers on Friday night before I run my weekly system...might help take the edge of all the sells :D
 
CBerg said:
Do you mind sharing what you purchased? I'm curious to know given the success you've had in other positions :)
Click to expand...

I added 22,000 more FMG to my holding, and sold out of the money puts on Fmg also.

it’s a longterm play to extend my holding subsidizing the purchase price with the 76cent dividend and the option premium.

I expect once the Corona fear to clear, FMG will eventually settle above $13 with decent dividends and I would have secured a good deal on the purchase based on current prices.
 
So how did I do today?

I've been holding AVH and NWS for a few days now. At close today AVH was down 3.1% on my entry price and NWS was 5.97% down on my entry price. My system is telling me to continue holding these positions so let's wait and see what tomorrow bring on these.

I took three setup this morning for CDA, AX1 and PNV but none of those hit the trigger for entry so I didn't enter any new positions today. A quick scan of my system has flagged a few setups so like today I will be taking three of tonight's setups for tomorrow.

Let's see what tomorrow brings.
 
tinhat said:
All you people that think about the market every day, I hope you also do what is important too.
Click to expand...

I will take thinking about the market for a few minutes a day over a 9 to 5 any time.

investing for a living truly frees up time for what’s important in life.

think about it, that trade I mentioned above took me about an 1hr to plan, 20mins to execute and if I am right it produce a capital gain equal to about 6 months of living expenses and generate about 2 months living expenses in dividends for as long as I hold it.

Of course it took me a longer period of time to study FMG in the first place, but that was only a solid few days 6years ago, and a few hours a year since then.
 
Okey dokey boys and girls, so what happened with my swing system today?

As I mentioned earlier, I went into the day holding AVH and NWS. I entered three setups which included MOE, AFG and CCX. AFG and CCX triggered so I entered long positions on those two stocks. MOE didn't trigger. So at close today I ended up holding AVH, NWS, AFG and CCX. Where did I end up, well CCX is up 4.03% on my entry price, AFG is up 3.1% on my entry price, NWS is down 3.5% on my entry price and AVH is down 7.2% on my entry price.

My system is not telling me to dump any of my positions so looks like I'll be going into Monday holding AVH, NWS, AFG and CCX, My system has identified several setups for Monday so I'll be taking one of them.

Have to be honest, I'm still very comfortable about trading this system in the current market but AVH does worry me a little, but I'm sticking to the system and will do what its telling me.

Hope y'all have a great weekend and try not to worry about the current market too much. @qldfrog I haven't run the scan on my weekly system yet but not looking forward to that :eek:
 
MovingAverage said:
Okey dokey boys and girls, so what happened with my swing system today?

As I mentioned earlier, I went into the day holding AVH and NWS. I entered three setups which included MOE, AFG and CCX. AFG and CCX triggered so I entered long positions on those two stocks. MOE didn't trigger. So at close today I ended up holding AVH, NWS, AFG and CCX. Where did I end up, well CCX is up 4.03% on my entry price, AFG is up 3.1% on my entry price, NWS is down 3.5% on my entry price and AVH is down 7.2% on my entry price.

My system is not telling me to dump any of my positions so looks like I'll be going into Monday holding AVH, NWS, AFG and CCX, My system has identified several setups for Monday so I'll be taking one of them.

Have to be honest, I'm still very comfortable about trading this system in the current market but AVH does worry me a little, but I'm sticking to the system and will do what its telling me.

Hope y'all have a great weekend and try not to worry about the current market too much. @qldfrog I haven't run the scan on my weekly system yet but not looking forward to that :eek:
Click to expand...
Not bad for your daily systemd
Weekly system will be scary, just today down 8k paper or 4pc for my 2 live systems.thanksfully, FMG warrants sold and 2.5k profit realised there, as well as some profit realisation on bboz, but got surprised by the fall in the Goldies
The move to capital guaranteed last month on my supers was vindicated
The issue will be to re-enter properly
And get more FMG warrants on the next dead cat bounce:)
Thanks for your input: i wish i could have your skills on a daily system
Well done
 
qldfrog said:
Not bad for your daily systemd
Weekly system will be scary, just today down 8k paper or 4pc for my 2 live systems.thanksfully, FMG warrants sold and 2.5k profit realised there, as well as some profit realisation on bboz, but got surprised by the fall in the Goldies
The move to capital guaranteed last month on my supers was vindicated
The issue will be to re-enter properly
And get more FMG warrants on the next dead cat bounce:)
Thanks for your input: i wish i could have your skills on a daily system
Well done
Click to expand...

Nice work on your warrants. Must admit I'm a pretty vanilla and unexciting trader and really only dabble in long positions only and those fancy leveraged instruments such as CFDs, warrants, options etc I'll leave to the more advanced traders such as yourself...says the man with some capital behind him :p:D:roflmao:
 
So_Cynical said:
TAH and ORG look cheap.
Click to expand...
No comment on TAH but so far as ORG (Origin Energy) is concerned I'll mention that whilst the company is well known as being involved with the gas and electricity industries, it also has exposure to the oil price and thus to some extent the global economy via LNG contract pricing linked to the oil price. Reason being that ORG is also involved with the production and sale of LNG.

So it's partly a utility company, partly a commodity producer despite being a "household name" company in the utility sector. :2twocents
 

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