P2 US Equity Portfolio

[ducati916]

Agreed ETFs are the way to go in many cases. All of those tickers are x3 leveraged ETFs (LABU,LABD,TQQQ, etc) just to make clear. There are a load more for various other sectors.

Here is the list: https://etfdb.com/screener/#page=1&leveraged=3x

jog on
duc

 

[peter2]

I seemed to have lost a post, quite a long one and it hasn't been saved. I probably didn't hit post and left the site. Normally my post is saved and still available when I next log in. This time, no.

@ducati916 Just realised that your avatar is Snoopy and that must have been in my mind as I posted following one of yours. Sorry about that.

Trading ETFs seems like a wise decision for a newcomer to the US markets. Thanks for the link I've been going through the high volume ones this afternoon. The numbers of ETFs have exploded since I last looked.
----------
That was the first part of my lost post and I don't remember the rest. Damn. I've got a list of about 30 ETFs that I'll monitor for setups for this thread.

 

[peter2]

OK I found the "lost" post. It was misplaced in Ducati's commodity thread.

 

[ducati916]

The US market also allows for a number of different strategies owing to the deep options and futures markets. Your daily/weekly directional system is an example of a strategy.

Other strategies:

(a) Pairs trading (market neutral);
(b) A number of Options strategies (market neutral, earnings, directional, volatility, etc);
(c) Pure day-trading Bracket trades (Open and Close).

I'm sure there are numerous others.

An example of 3 pairs trade available today.









jog on
duc

 

[ducati916]

If you want ETFs only:



This trade can be put on via SQQQ and UDOW to juice the spread. I have this trade on currently.

Not currently available, but will be back at some point:



Traded via UDN and UGLD (past trade)

No need to go 'short' shares, simply use the X3 inverse product for extra juice.

jog on
duc

 

[qldfrog]

Using etf on the US market seems indeed the way to go for us with limited local knowledge and facing a market which is nearly too big...what a paradox
Thanks for all the learning guys and gals

 

[qldfrog]

Just thinking aloud, if systemised, inverse ETFs..going up when market is down , are quite tricky to handle when you use indexes to variate your exposure or risk based on market condition....

 

[Joe90]

Hi Peter, you may find some inspiration for scans and filters on the Stockbee blog; he trades the US markets and seems to specialise in momentum breakouts. Most of his basic code can be found with a search of the the site. Here's a starter. https://stockbee.blogspot.com/search?q=momentum+scan

 

[peter2]

@Joe90 Thanks for the link. I've looked over his site and there's lots of info there for a momentum swing trader. These the types of swings I'd like to trade, but as the website owner states, there's a lot of work to get organised and work out how to trade them profitably.

1st Trade: SLV silver ETF, clear BO-HR on daily chart. Entry at 16.15 pre-market.

 

[peter2]

2nd Trade: Gold and silver are highly correlated in that they move together. About an hour after the silver BO-NH gold made a new high and triggered a trade for us. I'm watching both GDX and JNUG for gold trades. They both triggered at the same time and the one I used was JNUG because the trade used less capital than GDX.

@rederob was keeping us at ASF informed about the latest rally in gold. We had plenty of time to get into a gold trade. Thanks. 1hr chart of JNUG.



I should also mention that JNUG is a leveraged ETF moving approx 3x the move in gold price. When there is a fast, large move in the gold price a leveraged product will provide a bigger RR result. You can see this in a comparison of the two trades.

The JNUG trade shows an extra 0.9R when compared to GDX. The trailing stop on the JNUG has been raised to lock in +2R. GDX trade not taken.

 

[peter2]

We have to be patient with the US indices as we've missed the entries into the current rally. A little dip or a reversal will form a few setups for us. This is my current list. Open trades marked in green and those that are setting up in orange.
It's a little thing but if I'm short on time I'll check the orange ones first.

 

[peter2]

REMX is worth discussing. Missed the latest rally and I was waiting for a pull-back setup. Remember, we need price to go down and touch the 50% level of the prior impulsive move. Once this is done we can look for one of our two setups for this formation (CBL2, 123Low in 1hr chart).

REMX did trade down to the 50% level.
Check.
Let's look at the 1hr chart.

Yikes! Where are price bars?

Clearly, the daily and hourly traded volume is too low for me. This market cannot be traded as the slippage might be very expensive. I'll delete this market from my list. I thought REMX may provide some info that might be relevant to Lynas (ASX:LYC). I think not. Lynas will be more dependent on the Malaysian Gov't policy than rare earth prices.

 

[qldfrog]

REMX is worth discussing. Missed the latest rally and I was waiting for a pull-back setup. Remember, we need price to go down and touch the 50% level of the prior impulsive move. Once this is done we can look for one of our two setups for this formation (CBL2, 123Low in 1hr chart).

REMX did trade down to the 50% level.
View attachment 99266 Check.
Let's look at the 1hr chart.

View attachment 99267 Yikes! Where are price bars?

Clearly, the daily and hourly traded volume is too low for me. This market cannot be traded as the slippage might be very expensive. I'll delete this market from my list. I thought REMX may provide some info that might be relevant to Lynas (ASX:LYC). I think not. Lynas will be more dependent on the Malaysian Gov't policy than rare earth prices.

Peter, in term of volume, i believe the Christmas holidays explains a lot
Not sure any movement this week or next is worth triggering buy or sell as it is a dream period for some to try to influence market for cheap:
Limited hours, days and volume
My 2c

 

[qldfrog]

Note
I will still follow my systems indicators but to be honest, it is hard to compare apple and oranges and i I'm afraid this is what my systems do this week and next

 

[peter2]

It was Boxing day and I was full of cheer, no, not what you're thinking. I was cheerfully looking forward to the US open (no Boxing day holiday there). Gold was going up, the US indices were going up, the early morning was looking promising. JNUG and SLV were trading higher in the pre-market. All was good. until, the monitor on the right went dark. A restart splattered my desktop icons all over the place and the monitor remained dark. It was close to the US open. I clicked the trading platform icon but it didn't open. Arrgh!

I uninstalled the platform and re-installed it. No good. Both the old and new versions of the trading platform wouldn't install. I was seeing windows' errors. Grr Windows 10. Why didn't they leave it at version 7.

The only thing I know for sure is that one of my graphics cards was shut down by Windows after too many errors. I'll have to replace it. Of course not many computer shops are open today. I could order a replacement online and wait 1 - 2 weeks (as if). I'm phoning local computer stores now.

While all this was happening the price of gold went higher and triggered a limit sell order that I'd put in earlier on JNUG. Sold at T4 (+4R). Can't complain as I wasn't expecting it to get hit so quickly. SLV is still open, but the initial stop size was a little big and it's not producing a similar result. Opened the laptop, installed the trading platform on it no problems, put in a trailing sell stop on SLV. It was hit a few minutes later as the gold/silver prices dropped a little as the index's charged higher.



I won't mention to Bob that the swing trades have started well. That would only stress him out a little more (see Bob's thread). I'm stressed because I hate it when computers don't work. I don't know why I can't install the trading platform.

 

[qldfrog]

If it helps, remove the doomed graphic card, use your basic motherboard screen output to keep you going with one screen
I did not ask but do you have multiple GCards..i remember a pretty impressive setup?
Not sure about trading platform installation, so many potential causes....

 

[qldfrog]

Hope you sort it out

 

[peter2]

Yes, I've two graphic cards and will replace one this evening, hopefully. I can use two monitors just not the small single laptop screen.

The failure to install the trading platform (old and new versions) on the desktop is a bigger problem. I'll keep the screen shots of the error messages and send them to support.

 

[Warr87]

good luck mate.

and why 2 graphics cards? You know most graphics cards these days support 2 monitors on a single card .

And that is an interesting problem .... and odd. Best of luck with that one!

 

[peter2]

@qldfrog Thanks for your offer of assistance with my PC problem.
Installed a new GC and it didn't work either. Swapped the old good one into the second slot, didn't work. Put the old "bad" one in the top slot, it worked. Not the GC.
Was advised that it's probably the motherboard. Motherboards are cheaper than GC's but more work to install. No probs, order one in for me. I'll get back to you.

Got home, vacuumed all the dust from the desk, It was very dusty. Reattached everything and "presto" everything was working. All icons were back in their right spots, all three monitors were working, just out of order.

Lesson for the day. Beats me, although I did pay for the guys time even though he didn't do anything. Good karma fixes computer. (?) or a little bit of corrosion was removed by all the removing and replacing of components.(?)

Now, to tackle the install problems. I feel lucky tonight.