It was tough placing my buy orders this morning

[Value Collector]

The market usually over reacts. I think though that the present price of many companies, especially the banks, doesn't yet reflect the future reality of serious business disruption.

Depends I what the interest rate environment is for the next 10 years I guess.

 

[aus_trader]

Depends I what the interest rate environment is for the next 10 years I guess.

Yes that is a big question mark, with more rate cuts on the way and PM preparing stimulus for small business obviously since a lot of small business experiencing disruption as @Knobby22 said.

 

[MovingAverage]

For the positive, you will notice that if your open order is not closed by you, and get filled tomorrow, you will pay a single commission.
I would let that order live till tomorrow night
Either you get filled at requested price or below, or can make the decision to close it
Not ideal for day systems

Agree, but do that has the real potential to screw with my positioning rules and is likely throw out performance. I’ve modelled at tested my system on an all or nothing basis. I probably should factor in partial fills into my backtesting, but I’ve thought long and hard about that and for it to be realistic I’d need to now what is a realistic percentage of all trades that are partial fills and what is a realistic percentage of total order quantity that fills? I’d love to know what anyone else is doing to simulate partial fills in their backtesting?

 

[qldfrog]

Agree, but do that has the real potential to screw with my positioning rules and is likely throw out performance. I’ve modelled at tested my system on an all or nothing basis. I probably should factor in partial fills into my backtesting, but I’ve thought long and hard about that and for it to be realistic I’d need to now what is a realistic percentage of all trades that are partial fills and what is a realistic percentage of total order quantity that fills? I’d love to know what anyone else is doing to simulate partial fills in their backtesting?

Can not help.not modelled and i chase if not filled.so far i have the luxury time wise to do it
I always see backtests as best target

 

[MovingAverage]

I'm short on time tonight so you're only getting a quick update tonight.
Sold AVH for a loss of 3.2%. Also sold IEL because only got a partial fill yesterday and wanted it out of portfolio. IEL gave me a small profit of 1.5%
Entered 5 setups today for: IMF, NCK, CHC, ZIM and ADH. Only order to trigger was ZIM and frustratingly this was only a partial fill, but at least I got most of my quantity so unlike my partial IEL fill yesterday I will keep ZIM in the portfolio until system tells me to dump. ZIM closed the day up 2.8% on my entry price.
A quick scan of my system and there are no setups so absolutely no activity for my system tomorrow. Will just hold ZIM through the day. Have a good night folks

 

[MovingAverage]

In case anyone is interested the unit price of my portfolio is up 3.25% since 1st of March.

 

[MovingAverage]

My system is telling me to hold ZIM, which I’ll do today. I’m looking for four setups but my system is only flagging three so I’m entering all of those today. Let’s see how we do today. Happy Monday y’all

 

[MovingAverage]

Good afternoon ASF'ers,

How's everyone's trades doing...my trend following systems are getting smashed, but can't say the same for my swing system. I placed three orders this morning for MYS, REH and ADP. The only two orders that triggered were MYS and RES. At close today I was left holding ZIM (from last week) and MYS and REH--ZIM was down 2.9% on my entry price, REH closed up 0.4% on my entry price and MYS closed up 0.05% on my entry price.

My system is telling me to hold ZIM, REH and MYS tomorrow. My system has flagged several setups so I will be taking two of them tomorrow.

Have to admit, trading in this market is really starting to hurting my head but that is probably coming from looking at the performance of my trend following systems as opposed to the performance of my swing system (which seems to be holding up reasonably well and still picking up some profit here and there)

Can't wait for this bloody market to find some support.

 

[aus_trader]

If your swing trading system is holding up in this market...

You must be doing something right. I can't remember when we had a more than 7% fall in one day in the All Ord's, GFC maybe?

And yes if there is some support from the falling prices, the system should do a lot better.

 

[MovingAverage]

Morning All,
My system is telling me to continue holding REH, MYS and ZIM. At close yesterday REH was down 0.5%, MYS, was down 2.6% and ZIM was down 14%. I entered two orders yesterday for VTG and JLG but neither triggered so no new positions added yesterday. My system has not identified any new setups today so no action happening today for this system. Sounds like we'll be in for a more positive day today with last nights action in the US, but who know I would never have picked yesterday given the prior smashing the US market got.
Think I'll stay away from the computers today and just spend some time in the garden away from this chaos.
Arrivederci ASFers

 

[qldfrog]

Zim is interesting weekly system says keep.so i keep.it handled the initial down market quite well untill a 11pc fall in a day...might recover today.will see

 

[MovingAverage]

If your swing trading system is holding up in this market...
View attachment 101153
You must be doing something right. I can't remember when we had a more than 7% fall in one day in the All Ord's, GFC maybe?

I can't believe this volatility...the Dow down over 7% one day and the next day (overnight) it rallies to close 5% higher, which I'm told is the biggest one day gain since Dec 2008.

 

[qldfrog]

My 2c is that the bottom of a down can not be found with that level of volatility.
Denial then acceptance then recovery
As per many posters' reaction here seem to indicate, we are still in denial.
Too early..by far..for the low imho

 

[MovingAverage]

My 2c is that the bottom of a down can not be found with that level of volatility.
Denial then acceptance then recovery
As per many posters' reaction here seem to indicate, we are still in denial.
Too early..by far..for the low imho

The only one that really knows where this market is heading is Mr. Time....only time will tell where this market is headed

 

[qldfrog]

The only one that really knows where this market is heading is Mr. Time....only time will tell where this market is headed

Will never disagree with that

 

[frugal.rock]

This morning looks like the roller coaster will get pulled up the ramp again... and then down the hill again at speed!
Which sectors are the flavours of the day? Financials are looking set up for a run... of sorts.

F.Rock

 

[jbocker]

,

The only one that really knows where this market is heading is Mr. Time....only time will tell where this market is headed

Be very careful too many have been trying to date his daughter in the market, Miss Time.

 

[MovingAverage]

,
Be very careful too many have been trying to date his daughter in the market, Miss Time.

 

[frugal.rock]

Gold sector, financials down a big hit.
Gold the biggest, XGD down a whopping 7.2%.... financials down 5.3%... no sector ended up, so I don't know
where all the money has gone... again.
Considering the above, I got into a gold play (RXL) late today in anticipation of the money rushing back to gold maybe midday tomorrow...or before...?
I don't think that the gold sector is immune to Miss Time or Mr Market.

Miss Time and her sister Miss Read have been seen around town popping up everywhere... both well known for their unexpected arrivals... ones always late or early and still expects to be fed, the other is known for her gaps and slippage...Mr Market is trying to find a partner each for his daughter's, however, they think they are on the Bachelorette and just keep playing the field...

F.Rock

 

[aus_trader]

Gold sector, financials down a big hit.
Gold the biggest, XGD down a whopping 7.2%.... financials down 5.3%... no sector ended up, so I don't know
where all the money has gone... again.
Considering the above, I got into a gold play (RXL) late today in anticipation of the money rushing back to gold maybe midday tomorrow...or before...?
I don't think that the gold sector is immune to Miss Time or Mr Market.

Miss Time and her sister Miss Read have been seen around town popping up everywhere... both well known for their unexpected arrivals... ones always late or early and still expects to be fed, the other is known for her gaps and slippage...Mr Market is trying to find a partner each for his daughter's, however, they think they are on the Bachelorette and just keep playing the field...

F.Rock

Awesome stuff man

Yes they are good at playing it alright. Was playing hard to get for cheaper money a few days ago and got that from a couple of fellas, now looks like just crying out loud for some stimulus.