Australian (ASX) Stock Market Forum

Simple Trading Systems

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Hi Arthur

Don't waste your money on a trading system. Even if it does work, it will work for a little while and then what? This is what happens with almost all systems you are better of using Tech Trader which i have enhanced further which works even better. If ya don't know how to trade well how will you know when the system has stopped working?

What ever you decide good luck with your choice :)
 
the 1 2 3 trading system seems to work for medium term timeframes. Sure u might get whipsaws occasionally, but if you back it up with other indicators (such as underlying trend, support/resistance, volume) it will work
 
1. Research the company not the chart.
2. Read the comany's announcements for the past 2 years or as far back as you can.
3. Look to see if the company has prospects which you are reasonably sure can be fulfilled.
4. Check potential PE ratio
5. Now look at the charts

You will now be in a position to at least make an educated assesment.

P.S. Look to hold for long term. Regular trading makes a fortune for brokers. They are called brokers because most day traders without a lot of knowledge end up broke.
 
Halba said:
the 1 2 3 trading system seems to work for medium term timeframes. Sure u might get whipsaws occasionally, but if you back it up with other indicators (such as underlying trend, support/resistance, volume) it will work
Click to expand...

I'm well aquainted with the 1 2 3 trading system, but some of our members may not have heard of it. For their benefit, perhaps you'd care to briefly outline the system?

Bunyip
 
bunyip said:
I'm well aquainted with the 1 2 3 trading system, but some of our members may not have heard of it. For their benefit, perhaps you'd care to briefly outline the system?

Bunyip
Click to expand...

Momentum will carry you to 4, 5, 6 etc. :D
 
1,2,3 is an old Joe Ross technique he used to trade Futures.

Its not a system simply a trade setup.

Sometimes incorrectly described as a Ross Hook.
 
Any progarm system will fail in the long run it has to be changed to keep inline with whats happening

the best trading system is built in!

your brain! :)
 
The problem with the brain is that unlike a system it IS frought with the most dangerous of weaknesses---Fear and Greed.

There is no reason why a system cant have filters to activate it within changes in the market.

Short-term swing trading does exactly that.
I have applied filters to T/Trader which also work well.
Nick Radge seems to have applied something of that nature to the short term system he is running on Reefcap.

Dont under estimate the power of systems trading and often forgotten is the saving of huge amounts of time and effort once in place.
 
errr...what am I missing here...

Anyone heard of

Campbell? (2,100% since 1985) - owns share in NY Yankee's (i think)
EMC? (14,000% since 1987)
Echkhardt? (10,000% since 1989)
Hawksbill? (4,000% since 1990)
John Henry? (14,000% since 1986) - owns Miami Dolphns
Milburn? (12,000% since 1999)
Rabar? (1,000% since 1991)
Rosetta? (4,000% since 2001)
Rotella? (1,200% since 1993)
Transtrend? (500% since 1996)

Admitedly the only thing they have in common is that they are 100% systematic traders...
 
bunyip said:
His system was logical and simple........he looked for sleepy stocks that had recently woken up by showing surging price and volume. He bought these stocks as they broke above resistance.
Click to expand...

Hmmm.... it sounds like maybe Darvas would have bought CBH then....
10x average volume 2day and up by 6% close on the high... and its been in a stage 1 for about 3 months now...
 
Mr_Liquidity said:
Any progarm system will fail in the long run it has to be changed to keep inline with whats happening

the best trading system is built in!

your brain! :)
Click to expand...
Hello Mr- Liquidity,

I know exactly what you ment, well said ;)

Regards Bob.
 
Phoenix said:
Hi Arthur

Don't waste your money on a trading system. Even if it does work, it will work for a little while and then what? This is what happens with almost all systems you are better of using Tech Trader which i have enhanced further which works even better. If ya don't know how to trade well how will you know when the system has stopped working?

What ever you decide good luck with your choice :)
Click to expand...

"A simple Trading System". Sell higher for what your purchase price was to a punter that considers hes getting a bargain.
A very simple trading system, that only becomes complicated when the punter wants a cheaper bargain!. Then consider the quandry youve got your self into.
 
tech/a said:
The problem with the brain is that unlike a system it IS frought with the most dangerous of weaknesses---Fear and Greed.

There is no reason why a system cant have filters to activate it within changes in the market.

Short-term swing trading does exactly that.
I have applied filters to T/Trader which also work well.
Nick Radge seems to have applied something of that nature to the short term system he is running on Reefcap.

Dont under estimate the power of systems trading and often forgotten is the saving of huge amounts of time and effort once in place.
Click to expand...

LOL well if you have fear and greed then your not a good trader!! And you dont have a system!

It's a proven fact Humans out perform and computure program in the market!

concentrate on reprograming your self and not beliving in a little black box!

Peace
 
Mr_Liquidity said:
LOL well if you have fear and greed then your not a good trader!! And you dont have a system!


concentrate on reprograming your self and not beliving in a little black box!

Peace
Click to expand...


Well if its a little black box then I agree.

A profitable system one designs (one witha positive expectancy) is far more than simply a set of entry exit criteria.
While Im not arguing that discretionary trading cannot produce profit,I am arguing that systems trading is best suited to some traders.
I'm not talking mindless Black boxes either.

It's a proven fact Humans out perform and computure program in the market!
Click to expand...

Could you point me in the direction of such proof or is this simply a gut feeling?
Do you understand systems design?
There are many ways to trade the market systems trading is but one/as is discretionary trading.
 

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