QAN - Qantas Airways

[skc]

First trade is moved to B/E
Each trade is traded as an individual trade.
Ist trade only taken out at B/E
Other 2 trades still open.

Lol. Sure if you say so.

Ill go on record and say I would with a stop at $.99c
But would add at $1.42 and $1.52 and $1.92 at which time Id be chasing my stop to B/E (once$1.52 is reached)

And even if you take the 2 other trades as separate trades... where were their stops?

 

[tech/a]

Lol. Sure if you say so.



And even if you take the 2 other trades as separate trades... where were their stops?

This will alter as the trades progress but here is where it would be right now.

 

[skc]

This will alter as the trades progress but here is where it would be right now.

View attachment 60656

What do you mean by stop 2 and stop 3? I am interested to know your initial stops for the 2nd and 3rd entry. Do you mean stop 2 is the initial stop for entry #2 and stop 3 the initial stop for entry #3?

 

[tech/a]

Yes
Each trade is triggered by different signals so are all treated as individual trades.

Exit isn't generally staggered.
All are exited at the one time if left open.

If you think about it
Often a technical entry won't be perfect ( as a lot of other types of entry)
New trades after an initial failed trade are ---- or should be normal ---- after
Placing a chart back on your watch list

I close trades and open others minutes apart when trading the DAX
Some in the complete opposite direction to the last trade.

 

[skc]

Re-posting how you said you'd trade.

Your post dated 29 Aug, before market open. Open price that day was $1.405. So according to your plan, here's how it worked out.

29 Aug - buy on open @ $1.405, stop @ 99c. Assume 2% risk => 482 shares for a $100k account.
29 Aug - add @ $1.42. Stop unknown. Assume same size => 482 shares
2 Sept - add @ $1.52. Stop moved to breakeven @ $1.405. Assume 2% risk with stop at $1.405. => 1739 shares.
29 Sept - stop hit @ $1.405.

The 2nd and 3rd entry were taken well before the B/E stop was hit. According to you, all 3 entries should have been exited at the same time.

Exit isn't generally staggered.
All are exited at the one time if left open.

If you think about it
Often a technical entry won't be perfect ( as a lot of other types of entry)
New trades after an initial failed trade are ---- or should be normal ---- after
Placing a chart back on your watch list

Yes. If you take the 2nd and 3rd entries AFTER the inital B/E stop. But the sequence of events suggested that all 3 entries were exited at the same time.

This will alter as the trades progress but here is where it would be right now.

View attachment 60656

Again... entry 3 was made on 2 Sept... you marked the chart suggesting that Stop 3 (the initial stop for the 3rd entry) was placed under the low on 14 Oct. Clearly this was marked as hindsight. It would be a reasonable place for a stop if the 3rd entry was made on the breakout on 28 Oct. But the entry was made a good 8 weeks before that.

I guess what I am trying to say is... your 3 entries got taken out at your inital breakeven stop, according to your original post and the price chart. So you can't really use hindsight to boast how well the trade went.

 

[tech/a]

I'll post the chart up showing each individual trade as they came up.
I know you'd love to have some ammo with regard to break even stops
But sorry. It works.
I'll knock it up after tea.

 

[tech/a]

As promised

 

[skc]

So At $1.36 your not buying?

Ill go on record and say I would with a stop at $.99c
But would add at $1.42 and $1.52 and $1.92 at which time Id be chasing my stop to B/E (once$1.52 is reached)

As promised

View attachment 60679

Nope. Your 3rd entry was 2 sept at $1.52. You couldn't possibly have put a stop at where you indicated as stop 3 because that low wasn't established until 28 Oct.

$1.92 would be your 4th entry. I did not include it as you may or may not have taken it with the first 3 entries taken out.

And seriously... you are saying you took an entry @ $1.92 with a stop at $1.25. What's that, a 35% (67c) wide stop? Come on... so what's your target? At 4:1 reward to risk, you are looking for $4.60?!

Just admit it, based on what you've posted 29 Aug, the trade did not work out. These things happen all the time and it's not a slant against B/E stops or your trading ability. It's just wrong to come back and quote that and call it a winning trade - when clearly it was not.

I won't derail the QAN thread any further by discussing this trade. There's enough there for people to decide for themselves.

 

[tech/a]

It's the. 1.42 trade the 1.52 trade and the 1.92. Trade
I'll re do the charts including the very first trade
Then each trade on each chart each separately
So there can be absolutely no confusion
Like you I'm not letting go of this because your
Sole goal is to discredit anything I write up.
After this one perhaps you'll like to discredit the WOW analysis
And then the trade in the continuation breakout thread.
QAN has one b/e trade and nothing more
I have not included the first trade.
So I'll do as I say and post each trade on single charts

Ah I see
Your saying the 1.40 trade ( which is one you say i took when i used the terminology ---ill go on record----my first tradecwas $1.42 thats why the labelling doesnt make sense but----)and the 1.42 trade were stopped out.
Yep your right.I'll agree but thats not what I meant ---- a trade 2 c apart really makes sense!
The $1.52 and the $1.92 are still open with the trailing stop in place.

Happy to post the charts.



But sleep first I'll do it in the morning.

 

[skc]

It's the. 1.42 trade the 1.52 trade and the 1.92. Trade
I'll re do the charts including the very first trade
Then each trade on each chart each separately
So there can be absolutely no confusion
Like you I'm not letting go of this because your
Sole goal is to discredit anything I write up.
After this one perhaps you'll like to discredit the WOW analysis
And then the trade in the continuation breakout thread.
QAN has one b/e trade and nothing more
I have not included the first trade.
So I'll do as I say and post each trade on single charts

I am not trying to discredit you. You are doing that yourself.

Ah I see
Your saying the 1.40 trade ( which is one you say i took when i used the terminology ---ill go on record----my first tradecwas $1.42 thats why the labelling doesnt make sense but----)and the 1.42 trade were stopped out.
Yep your right.I'll agree but thats not what I meant ---- a trade 2 c apart really makes sense!
The $1.52 and the $1.92 are still open with the trailing stop in place.

Right... so your "on record" is actually not a record... and the word 'add' doesn't mean you already have a position. Who's doing the discrediting?

So At $1.36 your not buying?

Ill go on record and say I would with a stop at $.99c

But would add at $1.42 and $1.52 and $1.92 at which time Id be chasing my stop to B/E (once$1.52 is reached)

 

[Ves]

When you say you "would" do something (while the market is closed) and not you "did" or "have" (at the time), and proceed to use unclear wording that could be taken in a number of different ways, then disappear for three and a half months and don't provide any further confirmation of entries #2, #3, #4 in real time, only to return when the trade is a massive winner and claim it as real (whilst having a go at other investing methods), and additionally, you as a poster have a history of demanding credibility, transparency and are highly critical of other's methods, are you really surprised that someone is calling you out on this bull****?

In a word: Seriously.

 

[tech/a]

I was always going to buy the breakout at $1.42 BUT TO MAKE YOU HAPPY Ill show your First one.

Here are the trades.
2 X B/E and 2 Open
The 2 open trades have never been stopped.






What the hell are you guys going on about
At no time have I said it was a trade I have taken---I trade the DAX.
I placed up what I WOULD DO!

Whats wrong with that???
And this is how it WOULD HAVE Played out!

Yeh SERIOUSLY

 

[tech/a]

When you say you "would" do something (while the market is closed) and not you "did" or "have" (at the time), and proceed to use unclear wording that could be taken in a number of different ways, then disappear for three and a half months and don't provide any further confirmation of entries #2, #3, #4 in real time, only to return when the trade is a massive winner and claim it as real (whilst having a go at other investing methods), and additionally, you as a poster have a history of demanding credibility, transparency and are highly critical of other's methods, are you really surprised that someone is calling you out on this bull****?

In a word: Seriously.

Happy you two?

I was and am putting up an example.
Something totally different to 90% of what people do---on this site.
It worked out.
Most do.
Some don't.

At least I put something up.

 

[Ves]

Happy you two?

I'm always happy... to play along. I've got nothing against the work you do, but if you are going to enforce strict "credibility" standards upon others in multiple threads, then I think it's only fair that others do the same to you.

If you'd much prefer that others did not do this to you, then I can only suggest starting a blog and disabling the comments section.

Carry on.

 

[tech/a]

I'm always happy... to play along. I've got nothing against the work you do, but if you are going to enforce strict "credibility" standards upon others in multiple threads, then I think it's only fair that others do the same to you.

If you'd much prefer that others did not do this to you, then I can only suggest starting a blog and disabling the comments section.

Carry on.

I expect no less and more than happy to comply.
Should be more of it---too much theory and not enough practical application to stuff posted up.

 

[PinguPingu]

Hey tech, can you explain the past few days price action?

There's been another big break out on high volume and now pullbacks on lower volume but on days where the ASX has been up higher. Is this more supply being absorbed or just no more demand to go higher?

 

[Atari rose]

I enjoy robust debate, this is what makes forums readable. Keep up the good work both parties.

 

[tech/a]

Hey tech, can you explain the past few days price action?

There's been another big break out on high volume and now pullbacks on lower volume but on days where the ASX has been up higher. Is this more supply being absorbed or just no more demand to go higher?

Sorry just saw your post.

Chart below.

Click to Expand




To explain a little further.
While supply is drying up there isn't a demand to force new highs.
Whats happening is holders are simply holding not searching for lower
prices to sell out.

The thrusts up are buyers who are happy to search higher to get a fill
then hold.
So thrust then pause thrust then pause is common in an up move.

There is no evidence of sellers looking specifically to off load---lack of volume and in particular range down.(Searching for a buyer) but plenty of buyers searching for a seller.(Up thrusts with supply coming in to meet demand).

 

[PZ99]

*bump*

Any idea what's happened to this stock? It shows up as unknown security on the table and google hasn't got it listed for the last few days.

I know Joyce has sold heaps of shares to pay his tax bill can't find any other info.

 

[Boggo]

*bump*

Any idea what's happened to this stock? It shows up as unknown security on the table and google hasn't got it listed for the last few days.

I know Joyce has sold heaps of shares to pay his tax bill can't find any other info.

Capital return and consolidation, now trading as QANDA