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Simulated/Hypothetical trades

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I'm actually in CCV. I entered today (one of two positions that I'm currently holding).

Interesting with those 'tails' Tech. I've been thinking about them a little.
There were a few on "The Chartist" recently that got stopped out with these long tails that came back and closed on the high, and then continued to proceed upwards (e.g. IAG, CCV and a few others, also FXJ that we traded).
I had written down this as a question to ask actually! (whether to enter after one or if I should be waiting for it to breakout again first).
 
Another one.

Apologies for the messy chart. The lines represent previous areas of resistance that I'd put in for my benefit.

I'd identified this one previously at the triangle (green). Now a flag forming right above the high volume area and previous resistance. Might be worth a look....

 
PMP is one that I came across in my scans this afternoon. I'm glad you brought this up.
My scan is fairly basic at present. Highest high of 40 bars and I scan the last week. I add anything of interest to the watch list.


Would you have your stop under the low of today? Or closer to the bottom of the control bar?
With a tight stop this looks like a high RR potential trade.

I haven't looked at heaps around this price range lately (looking closer to $1 and over mainly). Is this one you'd throw into the portfolio or a bit more speculative (is that what you meant by 'just a look')?
 
Hi Tech/a

As Pav asked early - does the trend of the index having any bearing on if you will take a trade? Also does the index trend have any bearing on where you place your stop loss?

thanks
barmix
 
pavilion103 said:
CCV looking good. I'm glad I'm on this one.

Did you get on Boggo?
Click to expand...

Added to my holding that I had from 18/02.

Been stopped out on those tails a couple of times since last Oct but keep coming back.

Some similiar behaviour to CRZ and SKE all the way up
 
barmix said:
Hi Tech/a

As Pav asked early - does the trend of the index having any bearing on if you will take a trade? Also does the index trend have any bearing on where you place your stop loss?

thanks
barmix
Click to expand...

In terms of time frame to a degree.

If the index is nearing the end of a prolonged move as it is now
then my expected time frame for a trade will be shortened and my
positioning of stops both initial and trailing will be tighter.

The stock being traded "generally" reflects similar characteristics to the index in terms of its maturity in a trend.
It will tend to make lower highs and consolidate at tops.OR you will see a blow off top.
You will see buying removed and selling over whelm buying.

On the other hand if its coming out of or in the middle of a trend then the trailing and initial stops will tend to be wider.
My one rule---as there is always prospects
Get that stop to B/E as soon as humanly possible.
Sure Ill get taken out prematurely--particularly like now near "Perceived and anticipated" tops.
But no biggie my portfolio remains very stable with very little drawdown.

Youll also note a BUY trigger on my trades.
This widens as the market gets weaker--- I want it to prove strength.

PAV has noticed this---I'm sure in the exercise.
 
PMP

Another day of consolidation. Interesting to note that the low at 0.22 represents the low of the previous 3 days. Take a look at the red line in the chart below: there were 4 bars with a high at 0.22 prior to the strong volume break on 21/3.

Is this worth a crack? Stop loss at 0.21 or so.

 
I took a half position in this one -- 1% risk

(Pending trade - buy 0.235, stop 0.215). Good RR potential.
 
PMP having a strong day today up around 18% at the moment.

I'm still in this one. Bought 0.235, Currently 0.30. Will post charts when I get time.
 
PMP was out at 28c.


I don't have any new setups to list tonight but thought I'd come back on here.

I've recently traded some of the telcos.

I turned on Sky Business Channel (which I don't usually watch) and the first 3 analysed stocks from callers were:

AMM, MTU and TPM. These are three with trailing stops that I just had taken out in the past 1-3 days.



If there are more setups that start to appear I'll get this thread up and running again and maybe go over 2 or 3 at a time.
 

What about shorts, will you be looking at those if they appear?
 
CanOz said:
What about shorts, will you be looking at those if they appear?
Click to expand...


On the short side I've been mainly looking at the broader market. I've been looking to the futures indexes as a way to short and take a position for a bit longer term than my usual setups.

I'll still keep an eye out for anything that comes along.
 
Here is an interesting one.

In a market where most stocks have been falling, this one has recently consolidated in a triangle pattern on declining and low volume.

Something has happened in the last couple of days. Look at the volume. Usually I like a break on low volume (no supply) but this is interesting.

Entry: 1.04
Stop: 1.00

 
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