My Trading System

motorway · 1 March 2009

and again

this time simple sells ( they are only an example they are not necessarily optimal , but they are certainly simple and mechanical )

( hint the real trend is more important than any signal )

motorway

tech/a · 1 March 2009

Motorway
Being on the right side of any primary trend is very important but just trading in the predominant direction of the market doesn't guarantee that you'll trade profitably.

There have been plenty who failed to turn a profit in the latest bull market and I doubt many have taken full advantage of this bear market.

nunthewiser · 1 March 2009

tech/a said:
Trading in frequently.
SPI
and the Odd stock.
Problem is for instance.
I'll have a position on, expecting only a day trade.
I'll be called out to site having to leave the screen for 2-3 hrs.
I close the trade.
Or I'll be late in due to appointments and I will have missed a trade or 2.
Or be in a meeting and both situations above occur.

If my situation were different then I would have the screen time required to trade this way it is profitable but not "Profitable enough".
As my trading isn't and is unlikely to ever make the returns my Company is my focus is primarily business in time allocation.

simple really ..... um dont trade

the market will still be here at another time when you can devote the time for scalps OR IF you can time the longer term swings ( which there are plenty off )

suggest you change your trade stategies if you want to change your trade timeframes

only my opinion of course . take from it what you will

i havent done any trading courses , so what would i know

p.s when i am away from screen for reasons unplanned for i often use conditional orders OR SMS alerts for various vols /price/news occasions . right next to my brokerage on speed dial . anyways not here too tell you how to suck eggs

nunthewiser · 1 March 2009

pps........ seeing as you a "TA " trader ./ why not trade something else outside of business hours ? ie forex / futures / gold/ oil etc etc etc etc?

Trembling Hand · 1 March 2009

nunthewiser said:
pps........ seeing as you a "TA " trader ./ why not trade something else outside of business hours ? ie forex / futures / gold/ oil etc etc etc etc?

LOL. the question should never be how can I work MORE to earn more but How can I Earn more at what I do now.

nunthewiser · 1 March 2009

Trembling Hand said:
LOL. the question should never be how can I work MORE to earn more but How can I Earn more at what I do now.

nah .he obviosly wants to trade BUT the markets he trading NOT fitting in with his commitments . all im saying is why not trade OTHER markets which do

OR as to my other post . change strategies

motorway · 1 March 2009

tech/a said:
Motorway
Being on the right side of any primary trend is very important but just trading in the predominant direction of the market doesn't guarantee that you'll trade profitably.

There have been plenty who failed to turn a profit in the latest bull market and I doubt many have taken full advantage of this bear market.

Yes of course

But the Question was

But I'm failing to grasp what one would use if one didn't indicators. I'm guessing the reply is something like "price action". How do you define/explain price action?

Price action defines itself
and is it's own interpretation

Price goes up & down
So it can go upwards downwards or sideways

attracting buyers and sellers

or else it goes nowhere

To focus just on price action
is to focus on this up & downing

motorway

Trembling Hand · 1 March 2009

nunthewiser said:
change strategies

Thats the problem I guess. Different strategies take different time. intraday takes a lot of time. Running a mech system once sorted I would think will be able to be easily fitted around your normal 9 - 5er.

motorway · 1 March 2009

And it is not the type of chart

But the principles that matter

But some types of charts are pure representations of principles

Take a two stock universe

RIO & TLS

again simple buy signals

only take the ones with trend

A superior system
will have superior timing
of entry and exit
relative to all other possible
entry and exits

TLS

not much up & downing
few signals
hardly a long to be seen

The stock has been retarded ( Though it is not dead )
This does not urge one to get on board

There is 10 years displayed here
10 years !!

lets make it a three stock universe
while we were waiting for TLS

All available capital
would be at work with CSL and RIO

available as in what your
position rules allow to be available

Timing is most important
If you have poor tools & poor timing
all you have is stop loss

A good method will have superior timing

To have superior timing is to measure the speed and acceleration of trends

one glance

on these charts and suddenly

momentum is not just an empty word

nor in TLS case inertia

motorway

johenmo · 2 March 2009

Thanks everyone. Good comments all round for me. I just started looking at the 2 or 3 indicators I've been using to understand what they really mean. And to help with setup conditions, I guess.

Certainly not very long - I have to agree that current conditions don't suit longer term. Am looking days/few weeks - can't do intraday.

Point n figure - looked at these months ago & didn't quite make sense. Know more now so will look at that.

Cheers

tech/a · 2 March 2009

Price goes up & down
So it can go upwards downwards or sideways

attracting buyers and sellers

or else it goes nowhere

To focus just on price action
is to focus on this up & downing

M/W

Very true and a very good point to make.
Some trade the up and downing and it can be traded,albiet it time and mind taxing.

But for traders like myself without the time and inclination hopping on momentum in the direction of the trend is the solution to those who are time poor---or as I would like to think----time prioritised.

MRC & Co · 29 March 2009

motorway said:
Timing is most important
If you have poor tools & poor timing
all you have is stop loss

A good method will have superior timing

To have superior timing is to measure the speed and acceleration of trends

Thx for this post motorway, particularly that last sentence.

I have put this in my small, one page, notes to remember while I trade.

My Trading System

motorway

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